Industrial Minerals Limited · ASX:IND
Industrial Minerals — Investor Presentation (November 2023)
20 slides from Industrial Minerals's investor presentation, Nov 8, 2023
Slide 1: Unearthing Critical Minerals in Western Australia
NOVEMBER 2023 UNEARTHING v CRITICAL MINERALS IN WESTERN AUSTRALIA ASX:IND industmin.com
Slide 2: Disclaimer & Competent Persons Statement
DISCLAIMER & COMPETENT PERSONS STATEMENT CAUTIONARY STATEMENT agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the This presentation contains summa
Slide 3: Focused on Three Critical Minerals in Western Australia
FOCUSED ON THREE CRITICAL MINERALS IN THE TIER 1 JURISDICTION, WESTERN AUSTRALIA HPQ in high demand. Right Lithium potential in the product achieves premium world class Pilbara Region pricing Granted Mining Leases to High Purity Silica Sands drive timely production, led Developer by proven mine deve
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT 68.2M 11.0M Total Shares on Issue Options on Issue $2.0M $81.8M Cash (7/11/23) Market Cap ($1.20 7/11/23) 77.8% 25.9% Top 30 Shareholders Board & Management Ashley Pattison Jeff Sweet Alex Neuling Melanie Leighton Non-Executive Chair Managing Director & CEO Non-Executive Director
Slide 5: Lithium & HPQ Potential: Pilbara Lithium Province
LITHIUM & HPQ POTENTIAL PILBARA LITHIUM PROVINCE • Region of prolific lithium discoveries and operating mines within ~100km of Pippingarra Project. • Pippingarra Project is on a granted Mining Lease (similar size to Tabba Tabba). • Close to all infrastructure, located 30km south-east of Port Hedland
Slide 6: Lithium & HPQ Potential: Pippingarra Project
LITHIUM & HPQ POTENTIAL PIPPINGARRA PROJECT Option to acquire 80% interest in non- construction mineral rights to the operating Pippingarra Quarry, includes lithium and high purity quartz (HPQ). >2km strike of flat-lying pegmatite on average ~200m wide and ~20m thick under shallow cover; mostly unte
Slide 7: Interpreted Pegmatite: Pippingarra Project
INTERPRETED PEGMATITE PIPPINGARRA PROJECT • Historical production in 1957 of Tantalite pentoxide concentrate grading 20.49%, Beryl concentrate grading 12.04% and Ta-Nb pentoxide grading 72.5%. • Pegmatite commercially mined for Mica in the 1970s and Feldspar in the 1980s through to completion of min
Slide 8: Pippingarra Project Interpreted Pegmatite
PIPPINGARRA PROJECT INTERPRETED PEGMATITE 8
Slide 9: Historical Pegmatite Core: Pippingarra Project
HISTORICAL PEGMATITE CORE PIPPINGARRA PROJECT • Hole stopped at 50m - ending in a second pegmatite interval. • Extensive data collation exercise underway to assist with drill planning and targeting. • Location of physical drill core is unknown - research underway to see if this can be obtained. Hist
Slide 10: High Purity Quartz (HPQ): Pippingarra Project
HIGH PURITY QUARTZ (HPQ) PIPPINGARRA PROJECT • 99.998% product is currently selling for more than US$100,000 per tonne. • Historical core photos show wide bands (~10m) of very white clean quartz close to surface. • Supports IND existing HPQ strategy with inbound enquiries for Ultra HPQ from Potentia
Slide 11: Planned Work Program: Pippingarra Project
PLANNED WORK PROGRAM PIPPINGARRA PROJECT • Geophysics review of the tenements. • Soil sampling project above the known pegmatite. • 3,500m priority RC drill program; 35,000 to drill out the whole pegmatite. • 1,200m diamond drill program to test down to 200m vertically. Seeking to find stacked pegma
Slide 12: Building a Portfolio of High Purity Silica Sand Projects
BUILDING A PORTFOLIO OF HIGH PURITY SILICA SAND PROJECTS PROJECT PROXIMITY TO TENEMENT AREA (km2) NAME PORT (km) STATUS Stockyard 575.5 155 Granted Bookara 74.9 50 Granted Narrikup 160.8 40 Granted Mount Lefroy 83.7 85 Granted Portfolio of +20 HPSS projects Arrowsmith East Mindarra 74.6 373.2 105 12
Slide 13: HPSS Strategy: Matching High Quality Resources with Minimal Transport Costs
HPSS STRATEGY MATCHING HIGH QUALITY RESOURCES WITH MINIMAL TRANSPORT COSTS Quality Location Profitability Offtake Tier 1 quality HPSS product Private landholders Low Opex: logistics to port Strong demand leveraged Low impurities >99% SiO2 Low impact extraction Low Capex: DSO product to solar PV grow
Slide 14: Defining the High Purity Silica Sand Market
DEFINING THE HIGH PURITY SILICA SAND MARKET Float glass, bottle glass, lab glass Glass HIGH PURITY Solar panels SILICA SAND Solar Electronics and optics products Electronics 14
Slide 15: Mine Ready Stockyard Project
MINE READY STOCKYARD PROJECT Located 4km from the Brand Hwy, and 180km by road to the Geraldton port Private Land Access Agreements in place & Native Title extinguished land • Mining Lease granted <8 months post project acquisition • Water Licence granted & bore established • Key Environmental Studi
Slide 16: Stockyard Project Maiden Mineral Resource Estimate
STOCKYARD PROJECT MAIDEN MINERAL RESOURCE ESTIMATE Less than 2% of tenement explored and delivered Indicated and Inferred Mineral Resource of 12.4 million tonnes at 98.8% SiO2. Indicated Resource of 5.1Mt @ 98.8% SiO2 Inferred Resource of 7.3Mt @ 98.8% SiO2 Testwork on Stockyard DSO HPSS indicates i
Slide 17: Premium Low Impurity Silica Sand Specification Impact on Project Economics
PREMIUM LOW IMPURITY SILICA SAND SPECIFICATION IMPACT ON PROJECT ECONOMICS • Processing testwork conducted in China at plant designed for beneficiating high purity sand and quartz to supply the PV solar panel glass market. • Samples from Stockyard and Esperance East achieved low Fe2O3 specifications
Slide 18: Critical Minerals Explorer & Developer: Key Takeaways
CRITICAL MINERALS EXPLORER & DEVELOPER KEY TAKEAWAYS Proven mine Lithium potential in Developing shovel- development and world class Pilbara ready High Purity operating team Region on granted ML Silica Sands on ML HPQ in high demand. Near-term offtake Very supportive Right product achieves opportuni
Slide 19: Appendix One
APPENDIX ONE Table 1. Stockyard Maiden Mineral Resource Estimate, June 2023 Resource Tonnes SiO2 % Al2O3 ppm Fe2O3 ppm TiO2 ppm Classification (Million) Indicated 5.1 98.8 2,402 1,403 2,450 Inferred 7.3 98.8 2,700 1,192 2,327 Total 12.4 8.8 2,578 1,278 2,377 Notes: Interpreted silica sand unit is de
Slide 20: Contact
v CONTACT Unit 38, 460 Stirling Highway Peppermint Grove, WA, 6011 Australia +61 8 6270 6316 admin@industmin.com ASX:IND industmin.com
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