European Metals Holdings Ltd · LSE:EMH
European Metals — Investor Presentation (May 2015)
19 slides from European Metals's investor presentation, May 2015
Slide 1: Investor Presentation
Investor Presentation May 2015 1
Slide 2: Disclaimer and Cautionary Statement
Disclaimer and Cautionary Statement DISLAIMER This presentation has been prepared by European Metals Limited (“European Metals” or the “Company”). It is not a disclosure document and should not be considered as an offer or invitation to subscribe for, or purchase any securities in the Company or as
Slide 3: Disclaimer and Cautionary Statement
Disclaimer and Cautionary Statement CAUTIONARY STATEMENT The Cinovec Scoping Study financials referred to in this announcement (see page 10) is based on low level technical and economic assessments and is of insufficient certainty, under the JORC Code and ASX Listing Rules and guidance, to permit th
Slide 4: Company Overview
Company Overview • Lithium and tin exploration and development company with assets in the Czech Republic • 100% owned Cinovec Project o Indicated Resource defined o Scoping Study complete Globally significant lithium and tin deposit Very low cost lithium carbonate production (<$2,000/t), potential t
Slide 5: Corporate Snapshot
Corporate Snapshot ASX Code EMH Share Price Performance CDIs 60.8 million Options (June 2016 @ 10c) 21.9 million Options (unlisted) 1.2 million Market Cap 10.3 million at $0.17 per share (CDIs) Shareholder Structure Woolstores (+associates) 11.8% Czech Shareholders 11.6% Directors and Senior Managem
Slide 6: Cinovec Deposit
Cinovec Deposit • >80km historical diamond drilling, 21.5km historical Active Lithium Projects - Non Brine Resources* development tunnels at Cinovec South 12.0 • 3 diamond holes drilled in 2014 by EMH 10.0 Exploration Target 8.0 100% Inferred to Indicated Resource conversion rate LCE Mt 6.0 • Inferr
Slide 7: Cinovec Scoping Overview
Cinovec Scoping Overview • Potential for development of Cinovec to be technically and financially viable • Mine design work suggests Cinovec could be a bulk underground mining operation • Traditional gravity processing to produce tin and tungsten concentrates • Tails from gravity plant fed to lithiu
Slide 8: Cinovec Scoping Mining – Processing
Cinovec Scoping Mining – Processing Mining • Bara Consulting engaged to evaluate mine design and infrastructure • Scope to determine applicable mining method, derive conceptual mine layout-schedule, estimate indicative capital and operating costs Processing – lithium • HoA with Cobre Montana (ASX:CX
Slide 9: Cinovec Infrastructure
Cinovec Infrastructure • Excellent infrastructure in place to support development of Cinovec • Adjacent to a main road and near large industrial centres, car and chemical plants in Germany and Czech Republic • Two rail lines within 10km of the deposit, including one previously used to load concentra
Slide 10: Cinovec Scoping financials
Cinovec Scoping financials • Assumptions derived from Scoping Study: KEY INPUTS AND OUTPUTS – SCOPING STUDY o 2Mtpa feed rate Pre-production CAPEX US$326 million o Grade from Indicated Mineral Resource with modifying factors applied Mining US$27.04/t ore mined o Lithium recovery 70% OPEX Tin plant U
Slide 11: Cinovec Scoping Production Cost
Cinovec Scoping Production Cost (Excluding tin and tungsten credits) Source: CXB presentation May 2015 11
Slide 12: Market Comparatives
Market Comparatives $40.00 Lithium $36.16 • Western Lithium (TSX:WLC) $32.00 o Sedimentary/clay lithium deposit in Nevada o Requires high temperature roast pre- $24.00 Ev/t LCE leach to liberate lithium • Bacanora Minerals (TSX/AIM: BCN) $16.00 o Sedimentary/clay lithium and borate $12.39 deposits i
Slide 13: 2015 Program
2015 Program Scoping Study - COMPLETE Pre-Feasibility Study • Drilling to allow estimation of Indicated Resource for majority of Scoping Study mining inventory (5,000 metres) • Drilling will supply abundant material for additional metallurgical testwork • Technical studies to improve levels of confi
Slide 14: Lithium Market
Lithium Market Uses • Long life batteries o Strategic component; no lithium, no battery o Low cost; minimal risk of being replaced o Almost 95% of batteries in electronic devices use lithium new applications – Tesla Powerwall • High strength to weight metal alloys o Aircraft • Heat-resistant glass O
Slide 15: Tin Market
Tin Market Uses • Solder, tinplate, chemicals • Increasing use in high technology industries: battery, solar and nano-technology • Global tin usage has increased from ~190,000 tpy (1980) to ~364,000 tpy (2015 forecast) Outlook • Current price approximately $16,200/t • ITRI: ‘high probability of supp
Slide 16: Czech Republic, EU
Czech Republic, EU • Central location in Europe • 83% of exports to EU countries, one third being to Germany alone • Stable political and economic environment – Member of the European Union • Excellent transport infrastructure, communication and power networks • Relatively low corporate income tax r
Slide 17: Management Team
Management Team David Reeves – Chairman Qualified mining engineer with 20 years’ experience in Africa and Australia. Highly experienced underground mining specialist - First class honours degree in mining engineering from the University of New South Wales, graduate diploma in applied finance and inv
Slide 18: Investment Summary
Investment Summary Trades at significant discount to peers Substantial Upside Considerable demand growth and price increases predicted for lithium and tin Significant exploration upside High industry interest exhibited Globally significant lithium and tin deposit Deposit Size, Style Unique multi-com
Slide 19: Contact Information
Contact Information European Metals Holdings Limited Australia Czech Republic Keith Coughlan Pavel Reichl Managing Director Executive Director Telephone: +61 8 6141 3500 Telephone: +420 732 671 666 Mobile: +61 41 999 6333 Email: keith@europeanmet.com Email: pavel@europeanmet.com 19
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