Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Investor Presentation (September 2016)
25 slides from Pls's investor presentation, Sep 20, 2016
Slide 1: Pilbara Minerals Corporate Presentation
ABN 95 112 425 788 20 September 2016 For personal use only ASX Announcements Platform Bridge Street Sydney NSW 2000 Pilbara Minerals Corporate Presentation Attached is a copy of a corporate presentation of the Company in relation to the Company’s ASX Announcements: “Pilgangoora Definitive Feasibilit
Slide 2: Pilgangoora Lithium-Tantalum Project
For personal use only Pilgangoora Lithium-Tantalum Project ASX: PLS The world’s leading lithium development project Definitive Feasibility Study Release – Base Case, 2Mtpa Pre-Feasibility Study Release – 4Mtpa Expansion Option 20 September 2016
Slide 3: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement Forward Looking Statement Disclaimer For personal use only ► This presentation may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and forecas
Slide 4: Pilbara Minerals – Overview
Pilbara Minerals – Overview ► 100% ownership of the world-class Pilgangoora Lithium-Tantalum Project in WA’s For personal use only Pilbara region ► Significant lithium-tantalum reserve, with major exploration upside ► Second largest spodumene-tantalite resource in the world ► DFS confirms technical
Slide 5: Developing a World-Class, Long-Life Lithium Mining Centre
Developing a World-Class, Long-Life Lithium Mining Centre For personal use only ►Pilgangoora Project located 120km south of Port Hedland in WA’s Pilbara region ►Reserve location offers strategic advantages for infrastructure access, mining approvals and lower cost of operations ►High quality DFS dem
Slide 6: Board of Directors
Board of Directors For personal use only Tony Kiernan Steve Scudamore Robert G Adamson Neil Biddle Ken Brinsden John Young Non-Executive Non-Executive Non-Executive Non-Executive Director MD and CEO Technical Director Chairman Director Director Highly experienced Highly experienced Geologist with ov
Slide 7: Corporate Summary
Corporate Summary Pilbara Minerals Share price – as at 14 September, 2016 For personal use only Capital Structure ASX: PLS Shares on issue 1150 million Top 20 shareholders Approximately 37% Unlisted Options 114 million Cash at 31/08/2016 $96 million Market capitalisation $633 million @ 55¢ Debt Nil
Slide 8: Project Highlights
Project Highlights Outstanding project economics driven by very low cost of operations DFS OUTCOMES, 2Mtpa Process Capacity Base Case For personal use only ► Average annual production of approximately 314ktpa of 6% spodumene concentrates (44ktpa of Lithium Carbonate Equivalent or LCE) and 321,000lbs
Slide 9: Pilgangoora – Mining
Pilgangoora – Mining A straightforward open pit mining proposition ► Measured, Indicated and Inferred Resource of 128.6Mt @ For personal use only 1.22% Li2O and 138ppm Ta2O5 containing 1,572,000 tonnes Li2O, and including 39Mlbs Ta2O5 ► Updated Ore Reserve of 69.8Mt @ 1.26% Li2O and 132ppm Ta2O5 ► C
Slide 10: Pilgangoora – Processing
Pilgangoora – Processing Improved Lithia and Tantalite Recovery ► 2-stage heavy media separation For personal use only ► Gravity separation, tantalite recovery ► Improved Tantalite recovery, concentrate grade and pricing outcomes ► Grinding leading to oxide flotation ► Low/High intensity magnetic se
Slide 11: Pilgangoora 2Mtpa DFS Complete
Pilgangoora 2Mtpa DFS Complete Progressing to project execution For personal use only Stage 1 Stage 2 Stage 3 Stage 4 Resource PFS (2Mtpa) DFS (2Mtpa) Project Growth Complete Complete Execution Resource Estimation Project Definition Detailed Design and Finance / Permitting – ► JORC Inferred ► Maiden
Slide 12: A Rapid Pathway to Financing, Development and Production
A Rapid Pathway to Financing, Development and Production For personal use only 11
Slide 13: 4Mtpa Expansion Option – PFS Complete
4Mtpa Expansion Option – PFS Complete Outstanding economic returns ► Modest incremental capital to expand to 4Mtpa, A$128M For personal use only ► LOM Average annual production of approximately 564ktpa of 6% spodumene concentrates inclusive of technical grade product (75ktpa LCE); 579,000lbs of tant
Slide 14: Pilgangoora – A Globally Significant Lithium Resource
Pilgangoora – A Globally Significant Lithium Resource Talison Lithium For personal use only Greenbushes Pilbara Minerals Ltd Nemaska Exploration Exploration Target Whabouchi - Canada (2016, 130-150Mt) MIN / NeoMetals Mt Marion RB Energy Ltd Quebec - Canada Altura Mining Ltd Galaxy Resources Pilgango
Slide 15: Global Lithium Markets Surging Demand – Tight Supply
Global Lithium Markets Surging Demand – Tight Supply ► Pilgangoora spodumene concentrates meet the For personal use only metallurgical specifications of the entire range of lithium products ► Cornerstone off-take agreement with General Lithium ► Over 100% of projected lithium oxide production subjec
Slide 16: China – A Lithium Consumption Powerhouse
China – A Lithium Consumption Powerhouse ► Broad Central Government policy position towards For personal use only Supply / Demand Concentrate Capacity ‘New Energy’ (SC6.0% Equivalent Tonnes) 2500 ► Domestic carbonate pricing took-off coincidentally with acceleration in EV, Electric Bus sales 2000 SC
Slide 17: Pricing, Outlook
Pricing, Outlook ►Forecast price deck derived from basket of Price forecast – Battery-grade Lithium Carbonate For personal use only independent economic and bank/broker models ► China domestic pricing, import pricing and spodumene import pricing models ►Expectation that domestic battery grade carbon
Slide 18: General Lithium – a major producer of lithium chemicals in China
General Lithium – a major producer of lithium chemicals in China For personal use only ► Listed on NEEQ, Beijing, Code No: 837358 ► Currently produces 8,000tpa of Lithium Carbonate (LC) & 2,000tpa of High Purity LC 4N (99.99%) ► Soon to commission 5,000tpa of Lithium Iron Phosphate (LFP), Li battery
Slide 19: Lithium Raw Materials – Battery Supply Chain
Lithium Raw Materials – Battery Supply Chain Future Value Added Products For personal use only Pilbara and General Lithium Spodumene Lithium Upgraders Cathode & Battery E Transport Mine Carbonate/Hydroxide & Component Electrolyte Producer Producer Grid Storage Mixers Producers & Grid Stabilisation D
Slide 20: Downstream Chemical Processing
Downstream Chemical Processing For personal use only ► Strategy is to develop partnerships with key lithium chemicals industry participants ► Access to technology, operating expertise and intellectual property ► Shortcut to Pilbara’s participation in downstream lithium chemicals market, supporting t
Slide 21: Summary – Key investment takeaways
Summary Key investment takeaways For personal use only Emerging low- Largest lithium Outstanding Ideally placed to cost Australian resource and project Rapid pathway to capitalize on robust strategic high grade economics financing and market outlook and metals relative to ASX- demonstrated productio
Slide 22: Additional Information
Additional Information For personal use only Developing a globally significant new Australian lithium business 21
Slide 23: Resources & Reserves
Resources & Reserves Resources: For personal use only Category Tonnage Li2O (%) Ta2O5 (ppm) Fe2O3 (%) Li2O (T) Ta2O5 (Mlbs) (Mt) Measured 18.0 1.36 150 0.45 245,000 5.9 Indicated 65.6 1.24 131 0.61 812,000 19.0 Inferred 45.0 1.15 144 0.73 515,000 14.2 Total 128.6 1.22 138 0.63 1,572,000 39.2 Reserve
Slide 24: Global Motor Vehicle Lithium Demand
Global Motor Vehicle Lithium Demand For personal use only ► Tesla Model 3 to be released in ► China, Japan and Korean Government 2017, retail price of US$36,000, policy strongly supports EVs with large 400,000 orders already and growing rebates, zero sales tax and free licensing ► Mercedes Benz rele
Slide 25: Pilgangoora Lithium-Tantalum Project
For personal use only Pilgangoora Lithium-Tantalum Project Developing a globally significant new Australian lithium project
Pilbara Minerals — Investor Presentation (September 2016) on 6ix