New Age Exploration Limited · ASX:NAE
New Age Exploration — Shareholder Meeting (November 2018)
24 slides from New Age Exploration's shareholder meeting presentation, Nov 28, 2018
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation 28 November 2018
Slide 2: Disclaimers
Disclaimers Forward Looking Statements - This report contains “forward-looking information” that is based on the Company’s expectations, estimates and forecasts as of the date on which the statements were made This forward-looking information includes, among other things, statements looking informat
Slide 3: NAE Corporate
NAE Corporate Experienced Board and Management Unit Current Alan Broome – Chairman NAE Share Price (27 November 2018) A$/share 0.007 A metallurgist with over 40 years’ experience in the mining industry. In depth experience in coal mining, mining technology, equipment, services and research sectors.
Slide 4: NAE Project Highlights
NAE Project Highlights Advanced Tin-Tungsten and Coking Coal Projects in the UK Redmoor Tin Tungsten Project, UK Lochinvar Coking Coal Project, ✓ High Grade Inferred Resource of 4.5Mt UK @ 0.37% WO3, 0.25% Sn & 0.57% Cu ✓ Large strategic coking coal asset (1.00% SnEq) ✓ Ideally located to supply the
Slide 5: Redmoor Tin Tungsten Project, UK
Redmoor Tin Tungsten Project, UK
Slide 6: Redmoor Background
Redmoor Background • Redmoor Project owned by Cornwall Resources Limited (CRL) –50/50 JV between NAE and AIM-listed Strategic Minerals Limited • Redmoor is located in the world-class Cornwall tin–tungsten–copper mining district • CRL holds 23km2 mineral rights package over several historic tin- tung
Slide 7: An Exciting Outlook for Tin and Tungsten
An Exciting Outlook for Tin and Tungsten Very positive outlook for both tin and tungsten – tin is 1st highest ranked metal effected by new technology and tungsten is the 7th highest according to recent Rio Tinto MIT study 7
Slide 8: Tin Outlook – Supply shortage + New Tech Demand = Price Rise
Tin Outlook – Supply shortage + New Tech Demand = Price Rise • Tin is a critical metal for new technology - Uses include: • Electronics –major use (48%) of tin as lead-free solder $24,000 Tin Spot Price (US$/t) • Electric Vehicles & Robotics • Renewables $20,000 $16,000 • “Tin may be the forgotten E
Slide 9: Tungsten Outlook
Tungsten Outlook • Tungsten is an essential metal due to its unique properties: $400 Tungsten Spot Price (APT US$/MTU) • Highest melting temperature of all metals $350 • Very high density $300 • Very high hardness $250 $200 • Major uses of tungsten include: $150 • Cemented carbide for wear-resistant
Slide 10: Redmoor Geology & Mineralisation
Redmoor Geology & Mineralisation • Mineralisation at Redmoor is related to the Kit Hill granite, which caused mineral rich fluids to be mobilised along fractures and faults • Two mineralisation styles at Redmoor: 1. Sheeted Vein System (SVS) - a ~90m wide envelope containing numerous closely-spaced
Slide 11: Redmoor 2018 Inferred Resource & Exploration Target
Redmoor 2018 Inferred Resource & Exploration Target Redmoor 2018 Inferred Mineral Resource 1, 2 Tonnage WO3 Sn Cu SnEq Description (Mt) (%) (%) (%) (%) SVS High Grade Zones 4.5 0.37 0.25 0.57 1.0 • High Grade Inferred Resource of 4.5Mt @ 1.0% Sn Eq defined by CRL 2017 20 hole (7,046m) drilling & his
Slide 12: Current Drilling Will Lead to Resource Expansion
Current Drilling Will Lead to Resource Expansion Cross sections showing SVS High Grade Zones. The position of the current Inferred Resource (Brown Lodes) is shown in the upper positions and the results of the recent drilling will extend the resource at depth. 12
Slide 13: Redmoor - Benchmarking
Redmoor - Benchmarking Redmoor is the world’s 3rd highest-grade new tin-tungsten project and the 5th highest grade project including existing mines The Redmoor Inferred Resource has 45,000 tonnes of contained tin equivalent & the Exploration Target has the potential to increase this to ~100,000 tonn
Slide 14: Lochinvar Coking Coal Project, UK
Lochinvar Coking Coal Project, UK 14
Slide 15: Lochinvar Scoping Study
Lochinvar Scoping Study The Scoping Study has confirmed that a modern underground longwall mine, wash plant and short rail connection at Lochinvar is a potentially attractive project • 111Mt Total Indicated and Inferred Resource (49Mt Indicated and 62Mt Inferred) 1 & 2 • 31-64Mt Additional Explorati
Slide 16: Ideal Location to Supply European Steel Industry
Ideal Location to Supply European Steel Industry Clear sea freight advantage to Europe (~3% price premium vs competing US coking coal) • Majority of customers within 1,000 km • Regular smaller deliveries from local supplier benefits customers • Existing UK rail and port infrastructure with excess ca
Slide 17: Growing European Demand for Coking Coal
Growing European Demand for Coking Coal Wood MacKenzie forecast a 50% growth in European demand for Lochinvar Style High Volatile Hard Coking Coals (HV HCC) over Life of Mine • Europe Total Met Coal imports: 58Mt in 2017 (1.4Mtpa Lochinvar = 3% Market Share) • Europe High Volatile Coking Imports: 10
Slide 18: Coking Coal – Prices
Coking Coal – Prices HCC prices continue to strengthen at levels very supportive of Lochinvar development • HCC price stabilising in the US$175/t to US$225/t range over past 12 months. Current spot price ~US$175/t • Stepped improvement from 2014-2016 cyclical low HCC prices & market regaining confid
Slide 19: Lochinvar - Attractive Economics
Lochinvar - Attractive Economics US$410M NPV, 27% IRR , 4 Year Payback Period, (+/-40% accuracy) 1, 2 & 3 • Economic Evaluation based on US$160/t HCC Benchmark Price / US$150/t Lochinvar Realised Price • Robust to changes in Coking Coal Price and other key assumptions (Break Even HCC Price US$100/t
Slide 20: Otago Gold Project, N.Z.
Otago Gold Project, N.Z.
Slide 21: NZ-Otago Summary
NZ-Otago Summary • NZ-Otago Project owned 100% by NAE • Located on South Island NZ, west of Dunedin • Lease contains historic Otago Pioneer Quartz (OPQ) Gold Mine • Soil sampling over the OPQ target trend delivered anomalous gold soil values; 1 • 1.4ppm , 0.66ppm & 0.60ppm located ~2,000m-2,700m sou
Slide 22: Competent Persons Statement
Competent Persons Statement Lochinvar The Lochinvar Resources estimate is based on information compiled by Dr John Bamberry, who is a Member of the Australasian Institute of Geoscientists (Member No. 4090). Dr Bamberry is the Principal Geologist at Palaris. He has sufficient experience relevant to t
Slide 23: Lochinvar Scoping Study Cautionary Statements
Lochinvar Scoping Study Cautionary Statements Information in relation to the Lochinvar Coking Coal Project, including production targets and financial information, included in this presentation is extracted from the NAE Scoping Study Update announcement dated 15 March 2017. The Company confirms that
Slide 24: New Age Exploration Limited
New Age Exploration Limited ABN 64 004 749 508 Level 3, 480 Collins Street Melbourne, VIC 3000 Australia Phone: +61 3 8610 6494 Fax: +61 3 8610 6334 Email: info@nae.net.au Website: nae.net.au Twitter: @NAE_Exploration
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