Diatreme Resources Limited · ASX:DRX
Diatreme Resources — Noosa Mining Investor Conference 2024
35 slides from Diatreme Resources's conference presentation, Nov 14, 2024
Slide 1: Noosa Mining Investor Conference
For personal use only Neil McIntyre, CEO, Diatreme Resources Noosa Mining Investor Conference 14 November 2024 HIGH PURITY SILICA SAND CRITICAL MINERAL IN GLOBAL DEMAND
Slide 2: Important Information
Important Information For personal use only This presentation contains certain forward-looking statements and forecasts which include without ASX ANNOUNCEMENTS limitation, expectations regarding future performance, exploration, mineral resources, the financial position of Diatreme Resources Limited
Slide 3: Developer of World Class Silica Sands Projects
Developer of World Class Silica Sands Projects For personal use only Australia’s pre-eminent listed near-term producer of high purity, “low iron” silica sands for use in growing global solar PV and specialty glass markets One of the world’s Potential delivery of three Global high purity Robust econo
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Share Price Market Cap. Shares on Issue Cash Debt Facility* Options A$0.024 A$120m 5,008m A$26.0m A$1.0m 70m 10.0m – Exp 27/5/26 @ $0.025 12 November 2024 12 November 2024 12 November 2024 30 September 2024 *Unsecured 10.0m – Exp 27/5/26 @ $0.030 52 week high
Slide 5: High purity, low iron silica sands projects
High purity, low iron silica sands projects For personal use only Developing in partnership with global material solutions leader Sibelco • Long life, sustainable operations with excellent logistics and ESG credentials • Diatreme exploration acreage (500 sq km) adjoins the world’s largest high purit
Slide 6: Sibelco is Our Development Partner
Sibelco is Our Development Partner For personal use only Diatreme’s high purity June 2022 Transformational Strategic Partnership silica sand has attracted & Placement with Sibelco. interest from glass majors around the world • Sibelco paid $35m for 26.8% of Diatreme’s silica projects • 2nd tranche i
Slide 7: Sibelco
Sibelco One of the world’s leading providers of industrial minerals For personal use only World class silica processing and technical knowledge, marketing and development expertise • Leading supplier of silica to the Asian market for specialty glass • Global leader in supply of cristobalite (refined
Slide 8: High Purity Silica is Vital for Manufacture of Solar Panels
High Purity Silica is Vital For Manufacture of Solar Panels For personal use only 70% of a solar panel is comprised of glass 70% high-purity silica made from high purity, low iron silica • Solar panel manufacturers’ feed stock requires >99% purity silica with less than 120ppm iron oxide levels • Hig
Slide 9: Silica Surge
Silica Surge US$32B global market by 2028 For personal use only IMARC predicts global silica sand market APAC silica sand sales volume (Mtpa) will grow from US$22.9B in 2022 to 180 US$32.1B in 2028, with CAGR of 5.6% 40Mtpa of extra high-quality sand is needed in APAC • ”More money is now going into
Slide 10: Chinese Supply Needs
Chinese Supply Needs Demand Exceeds Production Forecasts For personal use only China PV Glass production & silica sand China is facing a bottleneck for the consumption supply of low iron, PV grade silica sand PV glass daily production (t/d) Low iron silica sand consumption (t/d) due to strong global
Slide 11: Northern Silica Project
Northern Silica Project Positive Scoping Study strengthens development Plans. Feasibility Study Underway For personal use only TARGET Production of 121Mt of high purity silica sand over 25 years Target production CAPEX (Stage 1) Annual average sales revenue Annual operating costs (Av LOM) 3Mtpa risi
Slide 12: Ports North/CFSM/Diatreme
Ports North/CFSM/Diatreme Unlocking Approvals & Infrastructure For personal use only • Tripartite Entry Deed signed with Far North Queensland Ports Corporation (Ports North), the relevant port authority for Cape Flattery Port & port incumbent operator Cape Flattery Silica Mines (CFSM, Mitsubishi own
Slide 13: Metallica Takeover
For personal use only METALLICA TAKEOVER Logical consolidation of strategic silica projects in the Cape Flattery region to drive value for ALL shareholders and stakeholders
Slide 14: MLM Takeover Complete, Asset Review Underway
MLM Takeover Complete Asset Review Underway For personal use only Takeover completed Strong strategic rationale Ex-MLM shareholders Integration, scalability and Takeover supported by 18 September 2024 with based on regional now part of a larger, expected development Sibelco – world class joint DRX g
Slide 15: Potential to Create FNQ Critical Minerals Hub
For personal use only POTENTIAL TO CREATE FNQ CRITICAL MINERALS HUB
Slide 16: Queensland Critical Minerals Strategy
Queensland Critical Minerals Strategy Overseeing $245M investment in critical minerals, driving energy transition For personal use only • Cape Flattery area identified by the Queensland Government as a potential silica critical minerals hub • Northern Silica Project plan to utilise existing export i
Slide 17: Cape Flattery Silica Project
Cape Flattery Silica Project For personal use only High purity silica sand in global demand
Slide 18: Strategic Project
Strategic Project Proximity to Cape Flattery and NSP For personal use only • Draft Terms of Reference for EIS released May 2024 • Located adjacent to Cape Flattery Silica Mine • 47t Mt high-purity silica sand Ore Reserve (refer ASX release 15 November 2023) • Cape Flattery Silica Project acquired fo
Slide 19: Northern Silica & Galalar Projects
For personal use only NORTHERN SILICA & GALALAR PROJECTS
Slide 20: Northern Silica Project Description: Phase 1
Northern Silica Project Project Description For personal use only PHASE 1 (YEARS 1 -2) Production of 3Mtpa Transhipping via barge to ocean-going vessel (OGV) within Port of Cape Flattery using existing berthing “pocket”. • New maritime infrastructure (barge ramp, wharf extension) included in proposa
Slide 21: Northern Silica Project: Phase 2
Northern Silica Project Project adjacent to Cape Flattery Silica Mine For personal use only PHASE 2 (YEARS 3 -25) Production of 5Mtpa loaded from jetty to ocean-going vessel (OGV) • Technical committee formed to assess port engineering options, including funding, ownership of construction, future ma
Slide 22: Northern Silica Project: Offtake Advancing
Northern Silica Project One of the world’s purest silica sand projects For personal use only NSP’s high purity, low iron product can be used as a direct feed by manufacturers. Offtake Advancing MOU with FLAT Glass, one of the world’s largest manufacturers of photovoltaic (PV) grade glass used in sol
Slide 23: Galalar Project
Galalar Project Strategic 75Mt Silica Resource For personal use only Project anticipated to feed future Northern Silica Project production Cooktown Nob Point Galalar Project High purity silica sand in global demand
Slide 24: Maintaining the Rights of Traditional Owners
Maintaining the Rights of Traditional Owners For personal use only Walmbaar Aboriginal Corporation • Hope Vale Congress also has role as trustee of and Hope Vale Congress Aboriginal Freehold land Aboriginal Corporation represent • Detailed pre-clearing inspections for any exploration interests of af
Slide 25: Community Engagement
Community Engagement For personal use only Current Focus Areas • Community information sessions – Cooktown and Hope Vale • Supporting and facilitating engagement with community members regarding EIS process • Co-designing of workforce preparedness program through direct consultation with affected na
Slide 26: Overall Program 2024-2026
Overall Program 2024-2026 For personal use only 2H – 2024 1H - 2025 2H - 2025 1H - 2026 Final EIS ToR issued Lodgement of EIS Respond to EPBC Act approval, Complete baseline and for adequacy review submissions Mining Leases impact assessments Draft EIS notification Submit final EIS and all other app
Slide 27: Cyclone Zircon Project
For personal use only CYCLONE ZIRCON PROJECT
Slide 28: Cyclone Zircon Project
Cyclone Zircon Project Air-core drilling program to unlock value For personal use only • 5,500m air-core drilling program to update metallurgical testwork & confirm previous drilling results • 10 tonnes of heavy mineral sands to be extracted from Cyclone Deposit • Primary approvals in place - projec
Slide 29: Contact Details
For personal use only Critical High CONTACT DETAILS Purity Silica Office: Unit 8, 61 Holdsworth Street Coorparoo, QLD, 4151 P: 07 3397 2222 E: manager@diatreme.com.au W: diatreme.com.au
Slide 30: Appendices
For personal use only APPENDICIES
Slide 31: Experienced Board
Experienced Board Our team has extensive experience in the government, mining and resources sector For personal use only Wayne Swan Brian Flannery Michael Chapman Cheng (William) Wang Kara Keys Chairman Non-Exec Director Non-Exec Director Non-Exec Director Non-Exec Director Mr Swan enjoyed a lengthy
Slide 32: Mineral Resources Statement
Mineral Resources Statement Global Resources: Northern Silica, Galalar Silica, Western Resource Area, Cape Flattery Silica For personal use only Mineral Resource Category Silica sand (Mt) Silica sand (Mm3) Cut-off SiO2 (%) SiO2 % Fe2O3 % TiO2 % LOI % Al2O3 % Total % Density (t/m3) Measured 43.12 26.
Slide 33: Mineral Resources Statement: Cyclone Zircon Project
Mineral Resources Statement Cyclone Zircon Project: Western Australia For personal use only Category HM cut-off Material Mt HM HM Slime OS Head Grade Zircon % % Mt % % Kt Zircon % Rutile % Leuco % HiTi % Alt Ilm % Si TiOx Measured 2.0 69 3.7 2.58 3.6 3.8 1.06 0.11 0.24 0.88 0.45 0.82 735 Measured 1.
Slide 34: Ore Reserves Statement
Ore Reserves Statement Global Ore Reserves: Galalar Silica, Cape Flattery Silica For personal use only Mineral Resource Category Silica sand Mt Cut-off SiO2 (%) Silica sand Mm3 Sand waste Mt SiO2 % Fe2O3 % TiO2 % LOI % Al2O3 % Galalar Probable 32.5 98.5 20.3 0.04 99.20 0.08 0.11 0.16 0.13 CFS East P
Slide 35: Competent Person's Statement
Competent Person’s Statement Statement in accordance with the Australasian code for reporting of exploration results, mineral resources and ore reserves (the JORC code) For personal use only EXPLORATION TARGETS & EXPLORATION RESULTS STATEMENTS MINERAL RESOURCES The information in relation to the WRA
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