Australian Mines Limited · ASX:AUZ
Australian Mines — Investor Presentation (October 2022)
18 slides from Australian Mines's investor presentation, Oct 24, 2022
Slide 1: Sconi Project: Strategic pathway redefined
Sconi Project Strategic pathway redefined October 2022 The pathway to developing the Sconi Project into a producer of nickel and cobalt sulphate australianmines.com.au ASX I AUZ
Slide 2: Disclaimer
Disclaimer Forward Looking Statement: This document may contain forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as, ‘expect’, ‘anticipate’, ‘likely’, ‘intend’, ‘should’, ‘could’, ‘may’, ‘predict’, ‘plan’, ‘propose’, ‘will’,
Slide 3: Sconi Project - Overview
Sconi Project - Overview Bell Creek ▪ Tier-1 nickel-cobalt-scandium asset in Queensland, ▪ Total global resource1: Australia ▪ 737kt nickel ▪ Close to major infrastructure, including the Port of ▪ 73kt cobalt Townsville, with access to experienced labour ▪ Total metal in Sconi P&P Reserve2: Minnamoo
Slide 4: Experienced Leadership Team - Driving growth and development
Experienced Leadership Team - Driving growth and development Michael Holmes Chief Executive Officer ✓ Experienced board enhanced by the appointment of new CEO BEng, FAusIMM Michael Holmes Over 30 years’ experience in mining project ✓ Clear direction to develop the Sconi battery metals project to dev
Slide 5: Australian Mines - Overview
Australian Mines - Overview • Australian Mines is developing world-class Nickel-Cobalt-Scandium projects in Australia to meet surging demand from electric battery manufacturers Company Overview • The Flagship Sconi Nickel-Cobalt-Scandium Project has a 30+ year mine life and contained metal quantitie
Slide 6: Sconi Project - Transition to Sulphate Production
Sconi Project - Transition to Sulphate Production Sconi Nickel-Cobalt-Scandium Project ✓ Lowest cost quartile with a 30+ year mine life ✓ Potential to expand the current Mineral Resource with additional targets identified10 ✓ Potential to add value through commercialisation of Scandium by-product ov
Slide 7: Sconi Project – Strategic Pathway to Final Investment Decision
Sconi Project – Strategic Pathway to Final Investment Decision Secure strategic Update BFS collaborative partner ✓ Discussions underway with LGES about sulphate product and strategic collaborative partnership ✓ Update to BFS and integrate findings from ongoing test work and technical studies ✓ Compl
Slide 8: Sconi Project – Funding Strategy
Sconi Project – Funding Strategy ✓ Focusing on the attainment of a Strategic Collaborative Partner capable of providing equity support for the project, including: ✓ Completion guarantee or cost overrun facility as may be required by debt providers for any capital cost overruns and to maintain schedu
Slide 9: Sconi Project – Key milestone timeline
Sconi Project – Key milestone timeline Current position UPDATED FID SULPHATE FS EIS SUBMISSION CONSTRUCTION COMMENCES PRODUCTION STARTS AUSTRALIAN MINES LIMITED australianmines.com.au | 8
Slide 10: Sconi Project – Supportive demand and market dynamics
Sconi Project – Supportive demand and market dynamics Nickel Product Economics15 (Indicative Nickel product payability vs metal spot price) ✓ Economics of nickel & cobalt sulphate production superior to MHP ✓ At least 384 new graphite, lithium, nickel and cobalt mines are AUZ transitioning Sconi to
Slide 11: Scandium potential and market
Sconi Project - Scandium potential and market SCANDIUM AT SCONI SCANDIUM MARKET ▪ Sconi estimated to produce 1,441t of scandium or 2,217t of ▪ Designated a ‘Critical Mineral’ by the US Geological Survey scandium oxide (Sc2O3 or ‘scandia’) over the 30 year project life ▪ Solid oxide fuel cells and al
Slide 12: Sconi Project - Summary
Sconi Project - Summary ✓ Right project – nickel and cobalt sulphate with resource expansion and scandium oxide upside ✓ Right time – strategic pathway to production to meet surging demand from electric vehicle and battery storage sectors • Over 300 new mines needed within 10 years17 ✓ Right market
Slide 13: Appendix
Appendix Competent Persons’ Statements Sconi Project Mineral Resources Sconi Project Ore Reserve Asset portfolio
Slide 14: Competent Persons’ Statements
APPENDIX Competent Persons’ Statements Sconi Project, Queensland (Australia) The Mineral Resource for the Sconi Project contained within this document is reported under JORC 2012 Guidelines. This Mineral Resource for the Greenvale, Lucknow and Kokomo deposits within the Sconi Project were first repo
Slide 15: Sconi Project Mineral Resources
APPENDIX Sconi Project Mineral Resources Table 1: Greenvale Mineral Resource Mineral Resources as per Australian Mines’ announcement released via the ASX platform on 14 February 2019. Prepared by CSA Global in accordance with the current 2012 JORC Code. There has been no Material Change or Lower cut
Slide 16: Sconi Project Mineral Resources
APPENDIX Sconi Project Mineral Resources Table 4: Bell Creek Mineral Resource Mineral Resources as per Australian Mines’ announcement released via the ASX platform on 29 April 2019. Prepared by Mr Mick Elias in accordance with the current 2012 JORC Code. There has been no Material Change or Lower cu
Slide 17: Sconi Project Ore Reserve
APPENDIX Sconi Project Ore Reserve Ore Reserve as per Australian Mines’ announcement released via the ASX platform on 13 June 2019. Prepared by specialist mine planning consultants, Orelogy, in accordance with the current 2012 JORC Code. There has been no Material Change or Re-estimation of the Ore
Slide 18: Powering the future of clean energy
POWERING THE FUTURE OF CLEAN ENERGY ASX I AUZ australianmines.com.au sconi.com.au
Australian Mines — Investor Presentation (October 2022) on 6ix