Element 25 Limited · ASX:E25
Element 25 — Energy Mines and Money June 2018
22 slides from Element 25's conference presentation, June 2018
Slide 1: Montezuma is now Element 25 Limited
Montezuma is now Element 25 Limited Same company, different name... The Company’s ASX ticker is now E25. Element 25 Investor Update Energy Mines and Money June 2018 1
Slide 2: Element 25 Limited Investor Update
Element 25 Limited Investor Update Transitioning from a diversified explorer to the developer of a world class high purity manganese project to supply the battery revolution. - June 2018
Slide 3: Disclaimer
Disclaimer This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assu
Slide 4: Corporate Overview
Corporate Overview Financial Information Share Price Performance ASX Ticker E25 Shares on Issue 83.5M Share Price $0.225 Market Capitalisation $18.8M Cash & Investments ( at 31 March ‘18) ~$10M Debt Nil Enterprise Value ~$8.8M Top 20 Shareholders ~67% 2017 2018 Board and Management Major Shareholder
Slide 5: High Purity Manganese
High Purity Manganese A hidden opportunity within the world’s fourth largest metal commodity segment.
Slide 6: What is High Purity (Class 1) Manganese?
What is High Purity (Class 1) Manganese? • High purity manganese is a premium product segment. Three main products: • It makes up about 14% of the global manganese market by volume; but • Electrolytic Manganese • It makes up about 40% of the global manganese market by value. Metal (“EMM”) • Electrol
Slide 7: High Purity Manganese Market Forecast = Strong Growth
High Purity Manganese Market Forecast = Strong Growth Reference: Metal Bulletin Commissioned Manganese Market Report April 2018 Element 25 Investor Update Energy Mines and Money June 2018 7
Slide 8: Costs Are Going Up in China
Costs Are Going Up in China And… quality domestic ore supplies are largely exhausted… Average End-Product Cost Breakdown of Average Chinese EMM Costs Over Time Chinese EMM Plants ($/t before ore costs) Reference: https://www.crugroup.com/knowledge-and-insights/spotlights/2018/manganese-metal-price-h
Slide 9: World Class Manganese Resource
World Class Manganese Resource Australia’s largest onshore manganese resource is ripe for development
Slide 10: The Butcherbird Manganese Project
The Butcherbird Manganese Project • Australia’s largest onshore manganese deposit. • >180 Mt of manganese ore*. • Excellent local infrastructure. • 100% owned by Element 25 Limited. • Low risk mining jurisdiction. • Mining Lease Application lodged February 2018. • Scoping Study completed. • Pre Feas
Slide 11: World Class Manganese Resource
World Class Manganese Resource Prospect Tonnes (Mt) Mn (%) SiO2 (%) Fe (%) P2O5 (%) Al2O3 (%) Yanneri Ridge Inferred 48.0 10.7 43.0 11.1 0.262 10.7 Indicated 22.5 12.0 43.8 11.6 0.297 10.6 Additional Deposits Inferred 110.3 10.6 44.4 11.9 0.3 11.0 Total 180.8 10.8 43.9 11.7 0.3 10.9 • Inferred and I
Slide 12: Great Infrastructure Endowment
Great Infrastructure Endowment 550km PORT HEDLAND BITU M GOLDF EN H IG IELDS HWA Y GAS P TL T AN O R IPELIN E EM m P FR 5 0 k 10 20 June 2018 Element 25 Investor Update Resource Stocks Sydney May 2018 12 E
Slide 13: Simple Geology
Simple Geology • Flat lying stratiform ore body, very simple geology. • Ore zone starts at surface and is laterally continuous. Manganese orebody • Starts at surface • No selective mining required. • Low strip ratio • Low cost mining • Low strip ratio of 0.2:1 based on preliminary pit optimisations.
Slide 14: A Unique Processing Pathway
A Unique Processing Pathway “Every once in a while, a new technology, an old problem, and a big idea turn into an innovation.” Dean Kamen, Inventor.
Slide 15: Breakthrough Technology
Breakthrough Technology ROM Ore • CSIRO-developed flowsheet produces high purity battery grade manganese. Crushing • Potential products include manganese sulphate for NMC Li-Ion Batteries, Electrolytic Manganese Dioxide (“EMD”) and Electrolytic Manganese Metal (“EMM”). Drum Cake • High purity mangan
Slide 16: Key Differentiators
Key Differentiators Current Production Methods (China & SA) Element 25 Flowsheet • Requires high grade imported manganese ore or • Lower cost ore mined at surface. very low grade domestic ore – both expensive. • Fast leach at ambient temperature and • Reduction Roasting to 800-1,000ºC atmospheric pr
Slide 17: Next Steps for Element 25?
Next Steps for Element 25? Scoping Study complete and positive. What is the pathway to development…
Slide 18: Scoping Study Completed, PFS Underway
Scoping Study Completed, PFS Underway KEY FACTORS FOR OPTIMISATION: • SCALE: Very large resource means optimal scale is not limited by resource size. Study will assess production volumes from 100Kt (potential mine life ~180 years) to 1Mt (potential mine life ~18 years). • POWER SOLUTION: Electro-win
Slide 19: Preliminary Project Timeline Estimate
Preliminary Project Timeline Estimate 2018 2019 2020 2021 A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Scoping Study ü Decision to proceed to PFS PFS Decision to proceed to FS FS Decision to proceed to Construct Construct Commence Mining Commence Operatio
Slide 20: Conclusion – why invest?
Conclusion – why invest? • World class, very large manganese deposit makes the project eminently scalable. • Technology breakthrough on processing. • Simple geology and flowsheet reduces technical risk. • Strong demand growth forecast from conventional end users and the battery revolution. • Multipl
Slide 21: Thank you.
Thank you. For more information, please contact Element 25 Limited: +61 6315 1400 admin@e25.com.au www.element25.com.au
Slide 22: Competent Person’s Statement
Competent Person’s Statement Note: The information in this presentation that relates to Exploration Results, Exploration Targets and Mineral Resources is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Minin