Alba Mineral Resources Plc · LSE:ALBA
Alba Mineral Resources — Investor Presentation (February 2021)
27 slides from Alba Mineral Resources's investor presentation, February 2021
Slide 1: Greenland Mining Portfolio
GREENLAND MINING PORTFOLIO February 2021 l
Slide 2: Disclaimer
DISCLAIMER This presentation is made on behalf of Alba Mineral Resources PLC (“the Company”). It does not constitute an admission document relating to the Company nor does it constitute an offer or invitation to purchase or subscribe for any securities in the Company. No reliance may be placed whats
Slide 3: Alba's Board and Management
ALBA’S BOARD AND MANAGEMENT George Frangeskides Executive Chairman More than 25 years’ experience in natural resources, corporate advisory & legal sectors in the UK, Europe, Africa and Australia Michael Nott Non-Executive Director Geologist and mining engineer with over 40 years’ experience Elizabet
Slide 4: Alba Snapshot
ALBA SNAPSHOT Diversity ▪ Mining Assets and Oil & Gas Investments ▪ Operating only in Low-Risk, Resources-Friendly Stability Jurisdictions ▪ Clogau-St David’s: High-Grade Gold Production Potential ▪ Thule Black Sands: High-Grade Ilmenite ▪ Amitsoq: High-Grade Graphite Market AIM Share 0.35p* ▪ Ingle
Slide 5: Alba's Operations
ALBA’S OPERATIONS Channel sample, Amitsoq,Greenland Thule Black Sands,Greenland Argillaceous bioclastic limestone, Limerick, Ireland 4 4
Slide 6: Alba's Greenland Assets: Overview
ALBA’S GREENLAND ASSETS: OVERVIEW A portfolio of projects in high- value minerals ▪ JORC Resources ▪ Thule Black Sands (“TBS”) ▪ Melville Bay ▪ High-grade projects ▪ TBS ▪ Amitsoq ▪ Greenland authorities committed to resource extraction ▪ Established mining economy: logistics, training, services ▪ W
Slide 7: Commodities in Demand
COMMODITIES IN DEMAND GRAPHITE (AMITSOQ) MODERN USES: Lithium-ion batteries (EV sector), fuel cells, graphene, nuclear reactors, aluminium anodes TRADITIONAL USES: Steel manufacture, refractory bricks, brake linings, fire retardants Amitsoq IRON ORE (MELVILLE BAY) STEEL: 98% of mined iron ore used t
Slide 8: Thule Black Sands ("TBS")
THULE BLACK SANDS (“TBS”) High-grade ilmenite on the coastline of north-west Greenland ▪ Mineral sands rich in ilmenite, primary source of titanium dioxide ▪ High in-situ ilmenite and Total Heavy Mineral (THM) content ▪ Ilmenite ranges from 45.6% to 47.4% TiO2 with very low contaminant levels ▪ Same
Slide 9: TBS: Infrastructure
TBS: INFRASTRUCTURE Existing local infrastructure to support exploration and exploitation Thule Airbase Qaanaaq Town Qaanaaq Airport Multiple sheltered bays on licence 8
Slide 10: TBS: Maiden JORC Resource
TBS: MAIDEN JORC RESOURCE ▪ Extensively drilled, with 10km of mineralised strike length confirmed ▪ Maiden JORC Resource: 19MT@ 43.6% THM with in-situ ilmenite grade of 8.9% High-Grade Raised Terrace Mineralisation ▪ Contained Ilmenite of 1.7 MT Modelled southern Resource area (courtesy IHC Robbins)
Slide 11: TBS: Path to Production
TBS: PATH TO PRODUCTION ▪ Increase Resource tonnes (and move Resource from inferred to indicated category) by extension drilling & drilling deeper ▪ Sample and drill near-offshore mineralisation ▪ Complete final year of environmental baseline studies ▪ Commission Pre-Feasibility Study s Zone 200 (ye
Slide 12: Amitsoq: High-Grade Graphite
AMITSOQ: HIGH-GRADE GRAPHITE An exceptionally high-grade graphite deposit and former mine (blue outline) Alba Licence MEL 2013/06 (blue outline) Above: Amitsoq licence area (light blue outline) 11
Slide 13: Amitsoq: High-Grade Graphite
AMITSOQ: HIGH-GRADE GRAPHITE ▪ Two graphite deposits with the world’s highest average graphite grades ▪ (Amitsoq: 28.7%, Kalaaq: 25.6%) ▪ Amitsoq Mine operated until the 1920s ▪ Graphite beds traced over ~1 km at Amitsoq and over ~0.5 km at Kalaaq ▪ Metallurgical testwork has confirmed saleable conc
Slide 14: Amitsoq: On Track for Battery Grade Graphite
AMITSOQ: ON TRACK FOR BATTERY GRADE GRAPHITE ▪ Latest round of metallurgical testwork completed by ProGraphite GmbH (Feb 2021) ▪ Saleable concentrate produced (97.2% Fixed Carbon (FC)) ▪ Very high carbon content (one of highest globally) ▪ 98% carbon for some fractions likely achievable by flotation
Slide 15: Amitsoq: On Track for Battery Grade Graphite
AMITSOQ: ON TRACK FOR BATTERY GRADE GRAPHITE Summary of Flotation and Advanced Test Work of Amitsoq Flake Graphite (ProGraphite GmbH, Feb 2020) Measurement Result Comment Fixed Carbon 25.97% One of highest grade graphite ores globally Concentrate Grade 97.2% +96% considered saleable Carbon Distribut
Slide 16: EV Sector Increasingly Underpinned by State Regulation
EV SECTOR INCREASINGLY UNDERPINNED BY STATE REGULATION 15
Slide 17: Graphite: EV Sector Demand
GRAPHITE: EV SECTOR DEMAND ▪ Benchmark Mineral Intelligence expects double-digit growth in demand from 2022 onwards for LIBs ▪ Alongside demand from energy storage applications, battery industry due to become largest sector of demand for graphite supply chain — increasing to around 15 times today’s
Slide 18: Graphite: Critical Component in LIBs
GRAPHITE: CRITICAL COMPONENT IN LIBs ▪ Graphite is a key component in a Lithium Ion Battery (LIB) by weight ▪ Far more so, in fact, than Lithium! ▪ Spherical graphite used in LIBs commands significant premium over flake graphite prices: ▪ Spherical graphite prices for fob China material (99.95% C, 1
Slide 19: Amitsoq: Development Plans
AMITSOQ: DEVELOPMENT PLANS ▪ Structural and Resource drilling being planned for summer 2021 ▪ Scoping level Mining Study & Technical Economic Model ▪ Underground mine scanning Amitsoq Kalaaq Conceptual Interpretation (Graphite Beds in Black) 18
Slide 20: Melville Bay Iron Ore
MELVILLE BAY IRON ORE Melville Bay Licence areas (blue) ▪ N-W Greenland ▪ Close to town & airport of Qaanaaq and Thule airbase and port ▪ JORC Inferred Resource of 67 Mt @ 31.4% Fe ▪ On same geological belt as ArcelorMittal Mary River Iron Mine (>350Mt at 64% Fe) 19
Slide 21: Melville Bay Iron Ore: History
MELVILLE BAY IRON ORE: HISTORY ❑ Project lies within Committee Belt geological formation which extends across Baffin Bay into northern Canada ❑ 2011: 13,000km aeromagnetic survey identifies several magnetic anomalies, sampling confirms extensive iron ore mineralisation ❑ 2012: 29-hole, 3500m diamond
Slide 22: Melville Bay Ore Beneficiates to 70%
MELVILLE BAY ORE BENEFICIATES TO 70% ❑ Representative selection of samples from Havik East Deposit submitted for Davis Tube Recovery (DTR) analysis ❑ Results confirm high-grade concentrate can be produced through conventional magnetic separation ❑ Concentrate produced grading approximately 70% Fe, 2
Slide 23: Mary River Iron Ore Mine: Analogy
MARY RIVER IRON ORE MINE: ANALOGY ▪ Mary River Iron Ore Mine, northern Canada ▪ Ownership: ArcelorMittal and Nunavut Iron Ore ▪ 9 high-grade DSO iron ore deposits ▪ Crushing & screening on site, then shipped directly to European markets ▪ Genesis of Mary River important for finding DSO material at M
Slide 24: Iron Ore Price Recovery
IRON ORE PRICE RECOVERY Iron ore price now 50% higher than during Melville Bay Resource Drilling Melville10 BayYrdrilling High $103 $187 completed Sep(Feb 2012‘11) (June ‘20) Iron Ore Price $154/t (Iron Ore price $99/t) (2 Feb 2021) Price recovery in last 5 years 6 Yr High Price recovery $120 (July
Slide 25: Melville Bay: Tonnage & DSO Upside
MELVILLE BAY: TONNAGE & DSO UPSIDE Optimised pit shell (orange) Havik East Havik North-East Exploration potential (grey) ▪ Potential for additional 100-200 ▪ DSO grades found in eastern targets: Mt below modelled pit shell due ▪ 69.4% Fe from outcrop at Haematite to interpreted down dip extent of Nu
Slide 26: Inglefield: Multi-Element Potential
INGLEFIELD: MULTI-ELEMENT POTENTIAL Targeting large-scale, IOCG style deposits ▪ N-W Greenland ▪ High-value commodities: copper, copper, gold, vanadium, nickel ▪ Copper-Zinc VMS and IOCG potential Inglefield licence outline shown against prospectivity heat map Copper outcrops at Inglefield Land 25
Slide 27: Greenland Value Drivers / Contact Us
GREENLAND VALUE DRIVERS Near-term growth to be driven by: ▪ Drilling Maiden JORC Resource at Amitsoq ▪ Commissioning PEA for Melville Bay ▪ Drilling to increase JORC Resource at TBS ▪ Progressing to PEA/PFS at Amitsoq and TBS ▪ Offtake partners for Amitsoq and TBS ▪ Firming up on IOCG potential at I
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