Win Metals Ltd · ASX:WIN
Win Metals — Widgie Nickel — Investor Presentation (March 2024)
15 slides from Win Metals's investor presentation, Mar 13, 2024
Slide 1: Mt Edwards Nickel Project Scoping Study
ASX: WIN For personal use only Mt Edwards Nickel Project Scoping Study March 2024 WIDGIENICKEL.COM.AU
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Widgie Nickel Limited (“WIN” or the “Company”) to assist in informing interested parties about the This presentation has been prepared by Widgie Nickel Limited based on information currently available to it. No representation or
Slide 3: Scoping Study demonstrates robust long term project viable to progress to PFS
Scoping Study demonstrates robust long term project viable For personal use only to progress to PFS Long life mining and processing operation with steady state Development-Ready sustainable production profile Nickel Project in Western Australia Significant upside opportunity to include additional WI
Slide 4: Corporate Summary
Corporate Summary For personal use only WIN $0.075c $22.35M $2.6M 13.3M 297.9M ASX Share Price Market Cap Cash Total Options Shares on Issue 12 March 2024 31 December 2023 and PRs on Issue Major Shareholders Board & Management Andrew Parker Non-Executive Chair Steve Norregaard Managing Director & CE
Slide 5: Mt Edwards Nickel Project
Mt Edwards Nickel Project For personal use only • 12 separate nickel sulphide deposits with a combined MRE of 13.16Mt @ 1.45% for 190,300 tonnes Ni • Strategically significant resource in a region of numerous small deposits with highly fragmented ownership • Scoping Study contemplates a standalone c
Slide 6: Strong Upside Potential from Additional Deposits
Strong Upside Potential from Additional Deposits • Scoping Study Mining Plan evaluates 5 deposits that contain Mineral Resources of 7.79Mt at 1.45% Ni for 113.1kt of contained nickel For personal use only • 7 remaining deposits with upgrade potential can be included into subsequent studies • WIN has
Slide 7: Battery Metals Outlook
Battery Metals Outlook Where is the floor for nickel prices? For personal use only Current price environment is challenging for Recent closures for local producers may account for both Lithium and Nickel, however long-term 54kt of mined nickel capacity, or 30% of previously market imbalance remains
Slide 8: Scoping Study Confirms Mt Edwards Supports Long Life Mining & Processing Operation
Scoping Study Confirms Mt Edwards Supports Long Life Mining & Processing Operation For personal use only Scoping Study assesses the mining 800ktpa standalone nickel Base case assumed US$24,000/t and processing of 5.05Mt @ 1.56% concentrator produces 103,000tpa nickel price, the approximate Ni over a
Slide 9: Standalone Nickel Concentrator Contemplated in Scoping Study
Standalone Nickel Concentrator Contemplated in Scoping Study For personal use only Significant cost Plant customised to First optional step efficiencies due to Widgie Ores to towards vertical economies of scale maximise value integration Increased payability via Minimised owner costs Exploration ups
Slide 10: Scoping Study Key Outcomes
Mt Edwards Nickel Project Scoping Study Key Outcomes For personal use only Free Cash Flow Total Net Revenue Total Capital Costs $402m $1.65bn $433m Unit Operating Costs (C1) Unit All in Sustaining Costs Pre-Production Capex $161.01/t $195.92/t $257m NPV IRR Production Life $197.4m 22.9% 6 years ASX:
Slide 11: Mining Sequence Demonstrates High Rates of Extraction
Mining Sequence Demonstrates High Rates of Extraction For personal use only Bottom-up mining approach with backfill to maximise ore extraction and minimise dilution Mining to occur at shallow depths, low capex, good ground conditions and low water ingress make for cost effective productive mining Wi
Slide 12: Flowsheet Configuration
Flowsheet Configuration Mt Edwards Nickel Concentrator Flowsheet Schematic For personal use only ASX: WIN 12
Slide 13: The Opportunity
Mt Edwards For personal use only Nickel Project: Mine life extension and Mining Costs may be Metallurgical testwork The Opportunity Resource Growth reduced through and process improvements 7 additional deposits to competitive tender to further enhance outcomes consider & mineralisation process or ac
Slide 14: For personal use only
For personal use only Level 4, 220 St Georges Tce, Perth, WA 6000 +61 8 63817250 info@widgienickel.com.au ASX: WIN WIDGIENICKEL.COM.AU ASX: WIN WIDGIENICKEL.COM.AU 14
Slide 15: Appendix: Key Scoping Study Outcomes
Appendix: Key Scoping Study Outcomes PARAMETER UNIT PROJECT TOTAL PARAMETER UNIT PROJECT TOTAL KEY ASSUMPTIONS FINANCIALS For personal use only Nickel Price US$/tonne 24,000 Total Operating Costs AUD$ 812,719,828 Diesel Price US$/litre 1.20 Total Capital Costs AUD$ 433,227,055 Exchange Rate AUD:USD