Slide 1: 2020 Half Year Results
2020 Half Year Results
Slide 2: Cautionary Statements
Cautionary Statements This document has been prepared by Mineral Commodities Ltd (“MRC” or “the Nothing in these materials shall under any circumstances create an implication Person as defined by the JORC Code (2012). Mr Hastings consents to Company”) and comprises written materials/slides for a pre
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Slide 4: Mineral Commodities Global Overview
MINERAL COMMODITIES GLOBAL OVERVIEW “With the acquisition of Skaland, MRC now operates two Skaland production centres, Flake Graphite Production – 10ktpa Flake Graphite Tormin and Skaland, Concentrate while advancing Skaland MRE: 1.78Mt @ 22% TGC development at Munglinup and Tormin progressing ongoi
Slide 5: Group Safety Performance
GROUP SAFETY PERFORMANCE HY20 HY19 0 0 Three month rolling Total Recordable Injury Frequency Rate at half year end 1.9 million working hours since last Lost Time Injury incident across both operations 55
Slide 6: Financial Performance
FINANCIAL PERFORMANCE Half Year Highlights 30-June-20 30-June-19 Variance US$’000 US$’000 % Revenue 17,307 30,441 -43% Adjusted EBITDA 9,405 10,899 -14% Profit before income 6,760 8,451 -20% tax Profit for the period 5,619 6,987 -20% Diluted earnings per 1.33 1.64 -19% share Operating Cashflow -2,78
Slide 7: Half Year Financial Results
HALF YEAR FINANCIAL RESULTS The Revenue and EBITDA reflect the decrease of bulk ilmenite sales due to the global impact of the COVID-19 pandemic on customers 30-Jun-20 30-Jun-19 Variance HY20 REVENUE DOWN 43% US$ US$ % Revenue from continuing operations • The lower sales revenue was due to the decre
Slide 8: Half Year Financial Results
HALF YEAR FINANCIAL RESULTS NPAT decrease partially offset by a material positive garnet inventory 30-Jun-20 30-Jun-19 Variance NPAT DOWN 13% US$ US$ % • The profit before income tax expense (“NPBT”) was 20% lower than the prior year, Profit before income tax 6,760,369 8,450,973 -20% reflecting the
Slide 9: Half Year Financial Results: Tormin Unit Costs & Revenues
HALF YEAR FINANCIAL RESULTS Summary of Tormin Unit Costs & Revenues TORMIN UNIT COSTS & REVENUES • Unit production cash costs were US$91.20/t for 82,818 final concentrate tonnes Summary of Tormin Unit Costs & Revenues produced, higher than the prior period’s US$83.75/t for 129,950 final concentrate
Slide 10: Half Year Financial Results: Skaland Unit Costs & Revenues
HALF YEAR FINANCIAL RESULTS Unit production costs artificially high due to the plant shutdown and associated additional maintenance costs in January SKALAND UNIT COSTS & REVENUES Summary of Skaland Unit Costs & Revenues $580 • Unit production costs during the half-year are artificially high due to t
Slide 11: Tormin - Production & Sales
TORMIN - PRODUCTION & SALES Production and Sales Performance HY2020 MINING TONNES PRODUCTION MINED / PROCESSED TONNES CONCENTRATE TONNES PRODUCED (1) CONCENTRATE TONNES SOLD (2) 1,600,000 100,000 120,000 95,226 80,000 100,000 108,385 106,576 106,575 29,256 1,400,000 60,000 80,000 63,686 15,675 40,00
Slide 12: Skaland - Production & Sales
SKALAND - PRODUCTION & SALES Production and Sales Performance HY 2020 Processing Jun-20 Quarter Year to Date 30-Jun-20 Ore Processed 8,086 13,744 Throughput (tph) 7 7 Ore Grade (%C) 28 28 C Recovery (%) 94 94 Concentrate Grade (%) 89 89 Concentrate Produced (t) 2,354 4,010 Jun-20 Quarter 30-Jun-20 P
Slide 13: Tormin Key Expansion Permitting
TORMIN KEY EXPANSION PERMITTING Section 102 - Northern Beaches Extension & Inland Strand Northern Beaches - additional ~23k.5m of replenishable placer deposits - JORC 2.5Mt @ 23.5% THM1 Beach 10 Beach 7 Beach 5 Northern Beaches Inland Strand – 5.6km of highly prospective HMS deposits adjacent to the
Slide 14: Downstream
DOWNSTREAM Vertically Integrated Anode Production in the fastest growing Battery Manufacturing region globally Skaland Operation Anode Manufacturing Facility Munglinup Deposit Downstream study work on Anode Manufacturing strategy to become a vertically integrated producer of low carbon emission, env
Slide 15: ZAR4.8 million
Included bursaries, scholarships, traineeships, internships, apprenticeships and adult ZAR4.8 million Spent on local community and workplace basic education programs. The Company also supports community-based enterprise and infrastructure support development, sponsoring of full-time teachers at loca
Slide 16: Focus for Future Success
FOCUS FOR FUTURE SUCCESS Significant positive catalysts ahead TORMIN SKALAND MUNGLINUP • Finalise permitting • Secured permitting to • Optimise processing extend Tormin target LOM flowsheet • Complete study and design +10 years through • Increase nameplate work for integrated additional resource pro