Pls Group Limited · ASX:PLS
Pls — Investor Presentation (November 2018)
25 slides from Pls's investor presentation, Nov 12, 2018
Slide 1: Pilgangoora: discovery to product shipment in under four years
Pilgangoora: discovery to product shipment in under four years Corporate Presentation – UBS Australian Equities Conference, November 2018 ASX: PLS
Slide 2: Important Notices and Competent Persons Statement
Important Notices and Competent Persons Statement Not an Offer of Securities This document has been independently prepared by Pilbara Minerals Limited (“Pilbara”) and is dated 12/11/2018. This document is provided for informational purposes and does not constitute or contain an offer, invitation, so
Slide 3: Important Notices and Competent Persons Statement
Important Notices and Competent Persons Statement Not Financial Product Advice This document does not constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of factual information and does n
Slide 4: Corporate overview
Corporate overview Capital structure ASX: PLS Current share price1 A$0.835 Shares on issue 1,744 million Options on issue2 55 million Market capitalisation1 A$1.46 billion Cash at bank3 A$90.6M Top 20 shareholders (as at 28 September 2018) 37.4% 3 month average daily volume4 ~8M shares 1 As at 9 Nov
Slide 5: What sets us apart
What sets us apart LOW COST, LONG LIFE LITHIUM AND TANTALUM PRODUCER HIGH QUALITY PRODUCTS LEADING GLOBAL OFFTAKE PARTNERS COMMITTED TO 100% OF STAGE 1 AND 2 PRODUCTION PILGANGOORA PRODUCTION IN UNDER 4 YEARS FROM FIRST DRILL HOLE, PROVEN MGT TEAM LARGE RESOURCE, RESERVES AND PRODUCTION EXPANSION CA
Slide 6: Pilgangoora Lithium-Tantalum Project
Pilgangoora Lithium-Tantalum Exploration Project One of the largest spodumene- tantalite resources in the world Construction • 100% ownership • Stage 1, 2Mtpa processing plant • LOM Stage 1 production of 330,000tpa concentrate • Established transport and port infrastructure • Production ramp up unde
Slide 7: Production and cash-flow today….
Production and cash-flow today…. Flagship Pilgangoora Lithium-Tantalum Project – from first drill hole to commissioning in under four years • Long project life • Low cost, high quality product • Regular spodumene concentrate shipments underway ✓ +6% Li2O, low-iron • Regular tantalite deliveries unde
Slide 8: Pilgangoora Site - Production metrics
Pilgangoora Site - Production metrics First shipment average grade: Lithia = 6.2% Fe2O3 = 0.7% Second shipment average grade: Lithia = 6.3% Fe2O3 = 1.2% Units Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Ore Mined wmt 0 0 344,549 525,559 Waste Mined wmt 151,812 1,832,205 2,851,161 1,884,335 Total Material Mined
Slide 9: Process Plant Performance
Process Plant Performance Throughput, Actual vs Design Spodumene Concentrate Production Plant commissioning and rapid ramp-up in capacity Proven plant sub-components and overall plant capacity Very high product quality produced and shipped Focus on lithia recovery and plant run time optimisation ove
Slide 10: Process Plant Performance
Process Plant Performance Lithia Recovery, Actual vs Design (% Lithia) Post commissioning and the run-up in plant capacity, focus turns to lithia recovery improvements and • Late Sept, early-mid Oct lithia recovery was impacted by: plant run-time: - process water clarity (pond sedimentation), and -
Slide 11: Strong offtake partners committed to Stage 1 and 2 production
Strong offtake partners committed to Stage 1 and 2 production Major producer of lithium chemicals in China Biggest steel producer in South Korea • Highly experienced with more than 15 years of • Listed on KSX, market cap US$29.5B operational and technical know how • Largest producer of automotive gr
Slide 12: Connected to the entire supply chain
Connected to the entire supply chain Chemical Pre-Cursor Converters Cathode Cells & Li Resource EVs Cathode Material Battery Packs Battery Grade Material LiOH / LC * * * 12 *Potential PLS JV partners
Slide 13: ….with exceptional growth tomorrow
….with exceptional growth tomorrow Pilgangoora Lithium-Tantalum Project – a globally significant hard rock lithium resource • Stage 2, 5Mtpa expansion DFS released, 150% increase in production • +100,000 tonnes LCE basis • Positioned to be in the top 3 lithium raw material producers globally by 2020
Slide 14: Stage 2, 5Mtpa expansion
Aerial photograph of current construction progress w/- Stage 2 3D model overlay Stage 2, 5Mtpa expansion DFS results and offtake partner confidence support major project expansion • Additional 3Mtpa processing circuit to increase processing capacity to 5Mtpa • Average annual production of approximat
Slide 15: One of the best lithium raw material projects in the world
One of the best lithium raw material projects in the world - High grade lithium resources Low cost - Valuable tantalum bi-product - Significant project size and processing capacity - Stage 2, 5Mtpa, 23 year mine life - Mineral Resource 226Mt grading 1.27% Li2O (spodumene) and 116ppm Ta2O5 Long life
Slide 16: Additional Information
Additional Information 16
Slide 17: Experienced board of directors
Experienced board of directors Tony Kiernan Ken Brinsden Nick Cernotta Sally-Anne Layman Steve Scudamore Non-Executive Chairman Managing Director & CEO Non-Executive Director Non-Executive Director Non-Executive Director Highly experienced company Mining engineer with over 25 years’ Highly experienc
Slide 18: Resources and reserves
Resources and reserves JORC Mineral Resource Estimate - September 2018 (using 0.2% Li2O cut off grade) Tonnage Li2O Ta2O5 Li2O Ta2O5 Factored Category (Mt) (%) (ppm) (T) (Mlbs) Fe2O3 (%) Measured 22.8 1.38 145 314,000 7.3 0.44 Indicated 112.8 1.29 119 1,456,000 29.5 0.57 Sub-total 135.6 1.31 123 1,7
Slide 19: Pilgangoora Processing
Pilgangoora Processing Spodumene and Tantalite concentrate recovery • Spodumene concentrate contains lithium in the form of lithia (Li2O), recovered at the mine via the concentrator: • 2-stage heavy media separation for coarse spodumene concentrate, and • oxide flotation for fine spodumene concentra
Slide 20: Pilgangoora – a globally significant hard rock lithium resource
Pilgangoora – a globally significant hard rock lithium resource 20
Slide 21: Offtake for 100% of stage 1 and 2 of Pilgangoora
Offtake for 100% of stage 1 and 2 of Pilgangoora Pilbara Mining Minerals (SC 6.0) Stage 1 Stage 1 = ≈43Ktpa LCE Stage 2 Spodumene 300kt-350ktpa 500kt-550ktpa Production Stage 1+2= >110ktpa LCE 2018 2020 General Ganfeng Ganfeng Lithium Great Wall POSCO Spodumene Lithium Motors 80ktpa + Lithium 75ktpa
Slide 22: Pilgangoora project overview
Pilgangoora project overview Plant Commissioned Calindi Camp Monster Pit Central ROM 22
Slide 23: First spodumene concentrate shipment
First spodumene concentrate shipment 23
Slide 24: Pilgangoora processing plant
Pilgangoora processing plant 24
Slide 25: pilbaraminerals.com.au
eS, Pilbara es Minerals ..Powering a Sustainable Energy Future