Perpetual Resources Ltd. · ASX:PEC
Perpetual Resources — Shareholder Meeting (November 2022)
20 slides from Perpetual Resources's shareholder meeting presentation, Nov 25, 2022
Slide 1: Perpetual Resources Limited 2022 Annual General Meeting
25 November 2022 For personal use only PERPETUAL RESOURCES LIMITED 2022 ANNUAL GENERAL MEETING
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation contains summary information about Perpetual Resources Ltd (Perpetual) and is current as of 25 November 2022. The information in this presentation is of a general nature and does not purport to be complete nor does it contain all of the information
Slide 3: Competent Persons Statement
COMPETENT PERSONS STATEMENT For personal use only The information in this report that relates to the March 2020 Exploration information for the Beharra Project is based on information compiled and fairly represented by Mr Colin Ross Hastings, who is a Member of the Australasian Institute of Mining a
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Beharra PFS Outcomes Base case • 100% owner of the Beharra high grade silica sand project Post-Tax NPV (ungeared) $231m • Simple metallurgy and flow sheet • PFS demonstrates a long-life project with compelling Post-Tax IRR (ungeared) 55% economics Producti
Slide 5: Achievements – Past Months
ACHIVEMENTS – PAST 12 MONTHS For personal use only Key achievements; • Material reduction in impurities in Beharra end product • Joint cooperation agreement with Geraldton Port • Completion of Beharra environmental studies – all highly supportive • Submission of Part V (Native Vegetation Clearing Pe
Slide 6: Near Term Areas of Focus
NEAR TERM AREAS OF FOCUS For personal use only Key focus areas in the year ahead; • Confirmation of offtake & product pricing • Finalisation of DSO Scoping Study • Resource & Reserve Update • Progression and completion of Environmental Approvals • Launch of (Definitive) Feasibility Study • New Proje
Slide 7: Sand: The World's Largest Hard Commodity Market
SAND: THE WORLD’S LARGEST “We think sand is HARD COMMODITY MARKET For personal use only everywhere. We never thought we would run out of “The world uses 50 sand, but it is billion tonnes of sand starting in some every year. Enough to places” “Sand is the world’s build a 50x50m wall most consumed raw
Slide 8: Asia Pacific: The Fastest Growing Silica Sand Market in the World
ASIA PACIFIC: THE FASTEST GROWING SILICA SAND MARKET IN THE WORLD For personal use only APAC Silica Sand Market Value (US$m) APAC Sales Volume (mtpa) 9,000 180 8,000 40mtpa of extra high 160 quality silica sand is needed in 7,000 Market growth of APAC US$3b is up for 6,000 grabs 140 5,000 120 4,000
Slide 9: Relative Size of End Markets
RELATIVE SIZE OF END MARKETS PEC Focus For personal use only Other Industry Abrasives 4% 5% • The Asian glass industry is the largest and highest growth for high grade silica sand in the region – this is Perpetual’s focus. Filtration 10% • Extensive metallurgical test work has confirmed Beharra sili
Slide 10: Our Target Markets Are the Biggest and Fastest Growing in Asia
OUR TARGET MARKETS ARE THE BIGGEST AND FASTEST GROWING IN ASIA For personal use only 87.5 70 Million metric 52.5 tonnes PEC focus 35 17.5 2% CAGR 3% CAGR 5% CAGR 5% CAGR 3% CAGR 5% CAGR 0 Other Abrasives Filtration Hydraulic Fracturing Foundry Total Asia Glass Industry Source: IMARC Group, Report Ti
Slide 11: Asia Pacific: Glass Industry in Focus
ASIA PACIFIC: GLASS INDUSTRY IN FOCUS For personal use only Silica Sand Used in China, Japan & Korea Silica Sand Used in China, Japan & Korea Glass Industry (Mtpa) Glass Industry (Mt in 2022) 55 50 Market growth of >10mtpa is 25% 45 needed for glass industry in China, Japan & Korea alone 40 48% 8% 3
Slide 12: Beharra: A World-Scale Low Impurity Silica Sand Mine
BEHARRA: A WORLD-SCALE LOW IMPURITY SILICA SAND MINE For personal use only • Compelling project economics with enhancement activities well progressed • Proven representative bulk metallurgy • Ideal product specification for low iron float glass applications • Ability to provide large tonnage at tigh
Slide 13: The Beharra Project
THE BEHARRA PROJECT For personal use only Location Approximately 100km south of Geraldton, comprising a north- south striking exploration licence covering an area of about 49km2 Scale The project lies within the northern part of the Perth Basin and contains a 13km strike length of high grade silica
Slide 14: Standout White Sand
STANDOUT WHITE SAND 600 Fe2O3 ppm Results by Sub Domain Low Iron Sub Domains 465 555 565 METALLURGY For personal use only 500 337 365 365 400 300 210 235 165 165 177 180 189 195 200 155 100 • Focusing on white sand horizons seen as a significant 0 source of project enhancement relative to PFS result
Slide 15: Tier 1 Regional Infrastructure
TIER 1 INFRASTRUCTURE For personal use only REGIONAL Beharra is one hour by high quality road to Geraldton Port, underpinning the economic viability of Beharra. RAV7.3 – PBS Super Triple Beharra | November 2022 | 15
Slide 16: Geraldton Port Overview
GERALDTON PORT OVERVIEW For personal use only • Current utilisation of 16-17 million tonnes per annum (FY21/22 year) • Post PMaxP capacity of approximately 25 million tonnes per annum • $350 million Port Maximisation Project (PMaxP) project underway: • New multi-user, multi-product storage facility
Slide 17: Strong Stakeholder and Approval Progress
STRONG STAKEHOLDER AND APPROVAL PROGRESS For personal use only Perpetual is earning its “social licence” to operate at Beharra Community • Strong working relationships with Traditional Owner groups • All key Native Title Agreements in place • Landmark collaboration with YSRC secures water licence •
Slide 18: Conclusion
CONCLUSION For personal use only The Mid West Region’s preeminent silica sand project Rapidly advancing project • Lowest impurity silica sand resource • Maiden Mineral Resource Estimate delivered mid 2020 • Proximal to tier 1 infrastructure • PFS delivered in 1Q21 • Compelling project economics: lon
Slide 19: New Project Acquisition
NEW PROJECT ACQUISITION For personal use only • Perpetual is confident that Beharra will be a key supplier of low impurity silica sand for the Asian region for many decades, subject to delivery of off take and final project assessment. • To augment the inherent value of Beharra, Perpetual has been a
Slide 20: Perpetual Resources Ltd contact details
For personal use only Perpetual Resources Ltd Level 2, Suite 16, 420 Bagot Road Subiaco WA 6008 perpetualresourceslimited.com.au Robert Benussi, Managing Director robert.b@pecsilica.com +61 410 415 335 Julian Babarczy, Executive Chairman
Perpetual Resources — Shareholder Meeting (November 2022) on 6ix