Slide 1: MOX Corporate Update
TSX-V Corporate Update MOX October 2022 M O R I E N R E S O U R C E S C O R P. Donkin headland
Slide 2: Disclaimer
Disclaimer The information in this presentation is provided as of July, 2022, for information purposes only, and may constitute "forward-looking information" as defined under applicable securities laws. All statements in this presentation other than statements of historical fact, including those tha
Slide 3: Corporate Snapshot (TSX-V: MOX)
Corporate Snapshot (TSX-V: MOX) Capital Structure Ownership Summary Morien Mgmt & Directors Basic shares outstanding 50.5 mln The Cline Group Share price (08/10/22) $0.70/share 14% 12% Retail Market capitalization $35 mln Options 4.2 mln Warrants nil Fully diluted shares outstanding 54.8 mln Working
Slide 4: Morien's Key Metrics – Heading in the Right Direction
Morien’s Key Metrics – Heading in the Right Direction Corporate Overheads Shares Outstanding Insider Ownership Down 52% Down 17% Up 9% Millions Millions % Ownership (Mgmt & Dir) $1.20 60 14% $1.00 50 12% 10% $0.80 40 8% $0.60 30 6% $0.40 20 4% $0.20 10 2% $0.00 0 0% 2015 2021 2015 2021 2015 2021 M O
Slide 5: Morien: A Mining Royalty Company With Three Pillars
Morien: A Mining Royalty Company With Three Pillars § 2% to 4% royalty § Per-tonne royalty § Strong cash position, low (undisclosed) overhead costs, no debt § Swing coal; can sell into steelmaking or thermal coal § Permitted and awaiting § Active normal course market development decision issuer bid
Slide 6: Donkin Mine Reopens
Donkin Mine Reopens § On September 13th, Kameron Coal reopened the Donkin Mine. § the Mine is now producing coal, and the washplant is operational as of October 4th. § There are over 100 people working onsite and it is expected that number will approach 150 over the next few months as the Mine scale
Slide 7: Established Operation With Established Infrastructure
Established Operation With Established Infrastructure DEEPWATER HARBOUR DONKIN MINE SITE MINED-OUT AREA 1863-2001: 258 mln tonnes coal mined Ongoing $4.5 mln program from Canadian Over $250 million invested by The Cline Coast Guard to allow Capesize vessel entry. Group into the mine since 2015. PEV
Slide 8: Donkin's Competitive Land & Sea Transportation Advantage
Donkin’s Competitive Land & Sea Transportation Advantage Mine to Port Port to Market (kilometres) ($US/tonne, Panamax size vessel) Donkin Mine to Sydney Port 30 Cerrejon Mine (Colombia) to Puerto Bolivar Port 150 Bowen Basin (Australia) to Hay Point Port 250 US Appalachians to to US East Coast Ports
Slide 9: High Energy Coal in Hot Demand
High Energy Coal in Hot Demand Donkin’s Best-in Class Energy Content “ (BTU/lb, gar) Donkin Mine 13,500 High energy coal prices are likely USA (NAPP) 12,800 to remain elevated, as Russia USA (CAPP) 12,350 supplies over a quarter of the high-energy coal in the global USA (Ilinois) 11,500 market.” Ror
Slide 10: Cash-In, Cash-Out
Cash-In, Cash-Out Annual Royalty at 3 mln Tonnes Unique Dividend Calculator on Saleable Production Morien Website $35 Coal Price ($CAD) $31 ANNUAL ROYALTY ($CAD MILLIONS) $100 / tonne $30 $200 / tonne $300 / tonne $25 $23 $400 / tonne $20 $15 $15 $10 $7 $5 $0 3.0 ANNUAL SALEABLE PRODUCTION (MILLION
Slide 11: Global Energy Landscape
Global Energy Landscape M O R I E N R E S O U R C E S C O R P. Page | 11
Slide 12: Fossil Fuels Provide 81% of the World's Energy
Fossil Fuels Provide 81% of the World’s Energy Global Energy Consumption by Fuel Type (2010-2021) Source: BP Statistical Review of World Energy M O R I E N R E S O U R C E S C O R P. 12
Slide 13: Coal Supplied 31% of Energy Demand Growth in 2021
Coal Supplied 31% of Energy Demand Growth in 2021 Annual Growth in Global Energy Demand by Fuel 40 Exajoules / year 30 Renew 20 Coal 10-Year Average (excl. 2020) Gas 10 Oil 0 -10 -20 -30 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Oil Natural Gas Coal Nuclear Hydro Renewables M O R I
Slide 14: Global Coal Demand to Set New Record in 2022 and 2023
Global Coal Demand to Set New Record in 2022 and 2023 Global Coal Demand, 1980 - 2024 8.0 6% Growth in global coal demand in 2021; highest demand level on record Billion Tonnes 7.0 6.0 8Bt Global coal demand forecast to hit all-time high of 8 bln tonnes in 2022 and again in 2023 5.0 4.0 3.0 36% Ther
Slide 15: 2021-22 Energy Crisis
2021-22 Energy Crisis Energy Prices, Indexed to 100 at August 1, 2020 3500 Gazprom cuts Russia gas to EU invades 3000 Ukraine 28x (Gas) 2500 Beginning of 2000 global energy crises 1500 1000 8x (Coal) 500 0 2x (Oil) 2 M 21 Ap 1 M 22 Ap 2 N 0 Fe 1 M 21 Ju 1 N 1 Fe 2 M 22 Ju 2 Se 0 Se 1 Ja 0 Ju 1 Ja 1
Slide 16: Energy Crisis Prompts Fossil Fuel Policy U-Turn
Energy Crisis Prompts Fossil Fuel Policy U-Turn “ Renewable energy must become reliable before traditional power “ In the wake of the invasion of Ukraine, we are witnessing the “ sources are abandoned.” creation of a new energy order.” Xi Jinping Mateusz Morawiecki President of China The crisis is j
Slide 17: Adapting to the Energy Crisis
Adapting to the Energy Crisis Austria Netherlands activates reactivates its "early warning" phase South Korea 840-megawatt allows coal Rotterdam of energy crisis plan plants to coal imports Mellach coal and lifts cap on coal- operate at plant (closed in rises 30% fired power plants capacity 2020) Ju
Slide 18: Morien – Positioned. Structured. Disciplined.
Morien – Positioned. Structured. Disciplined. M O R I E N R E S O U R C E S C O R P. Page | 18
Slide 19: Morien - Own it For These Reasons
Morien - Own it For These Reasons § Annual Donkin royalty could be equal or greater than Morien’s current market capitalization at current coal pricing § $250 million invested by The Cline Group into Donkin since 2015 § Long life royalties; 20 years at Donkin and 50 years at Black Point § Demand for
Slide 20: TSX-V: MOX
1701 Hollis St, Suite 800 Halifax, Nova Scotia Canada, B3J 3M8 Tel: 902-466-7255 John P. A. Budreski Dawson Brisco Susanne Willett Executive Chairman President & CEO CFO TSX-V: MOX www.MorienRes.com info@morienres.com M O R I E N R E S O U R C E S C O R P.