Australian Strategic Materials Ltd · ASX:ASM
Australian Strategic Materials — Investor Presentation (October 2022)
19 slides from Australian Strategic Materials's investor presentation, Oct 31, 2022
Slide 1: Rare Earths. Critical Minerals. High-Tech Metals.
Rare Earths. Critical Minerals. High-Tech Metals. 31 October 2022
Slide 2: Disclaimer & Competent Person’s Statement
Disclaimer & Competent Person’s Statement Forward Looking Statements This presentation contains certain statements which constitute “forward looking statements”. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “
Slide 3: ASM
ASM Building a global rare earths and critical minerals business to provide the high-tech metals needed to solve the challenges of today and the future. © 2022 p. 3
Slide 4: From mine to metals
From mine to metals DUBBO PROJECT GLOBAL CUSTOMERS KOREAN METALS PLANT Mining Separating Metallising & Refining Advanced New growth Sustainable manufacturing industries energy industries Products Products Electric Wind Semiconductors Metal oxides & High-tech vehicles turbines mixed chlorides metals
Slide 5: Establishing an integrated supply chain
Establishing an integrated supply chain DUBBO PROJECT Mining On-site Processing Products Status • Neodymium praseodymium oxide Separation • Optimisation Study delivered • Terbium oxide • Approvals in place • Dysprosium oxide Roasting Purification • EPC Definition awarded to HEC • Zirconia • Engaging
Slide 6: Corporate profile
Corporate profile ASX:ASM Ordinary Shares (m) 142.0 Board of Directors Share Price AUD 2.15 Market Capitalisation AUD 340m 52 week low/high AUD 1.82 - 14.14 Ian Gandel Gavin Smith Nic Earner Kerry Gleeson Cash (at 30 Sept 2022) AUD 38.6m Non-Executive Non-Executive Non-Executive Non-Executive Chair
Slide 7: Sustainability
Sustainability ASM wants to leave a legacy that delivers enduring benefits to the communities and regions where it operates. © 2022 p. 7
Slide 8: Compelling ESG credentials
Compelling ESG credentials People and community Health and safety Renewable energy Biodiversity management Water management Emissions reduction © 2022 p. 8
Slide 9: Korean Metals Plant
Korean Metals Plant Rare earths and critical minerals metallisation From ground breaking to first delivery in 15 months © 2022 p. 9
Slide 10: Korean Metals Plant key facts
Korean Metals Plant key facts Titanium alloys Opened in development 12 May 2022 Neodymium CuTi alloy using LK Process products initial focus NdPr metal & NdFeB alloy Located in Ochang Foreign Investment Zone Approximately 115 kms south of Seoul, Korea © 2022 p. 10
Slide 11: Korean Metals Plant milestones and targets
Korean Metals Plant milestones and targets Milestones achieved Targets Nov 2020 Acquired Ziron Tech1 and R&D team joined ASM 2H 2022 Complete NdFeB strip caster commissioning Progressed development of LK Process Secure first sale NdFeB alloy Mar 2021 Signed MOU with Chungbuk-do Province for KM
Slide 12: Korean Metals Plant targeted financials
Korean Metals Plant targeted financials Targeted financials based on 5,200 tpa production comprising: 1,600 tpa USD 40 million + = 3,600 tpa USD 270 million NdFeB alloy CuTi alloy annual EBITDA annual revenue Assumptions: • Final Production mix, revenue and EBITDA are estimates only and will be subj
Slide 13: Dubbo Project
Dubbo Project The right project, in the right place, at the right time. © 2022 p. 13
Slide 14: Dubbo Project key facts
Dubbo Project key facts Rare earths and critical 20-year life of mine Construction readiness minerals resource Further 50 years of All major approvals in place resource1 Land and water licences owned Advanced flowsheet Workforce Compelling ESG credentials Developed in partnership opportunities with
Slide 15: Dubbo Project delivers strong financials
Dubbo Project delivers strong financials Revenue1 23.5% AUD 840m Pre-tax IRR 44% > 60% margin2 AUD 2,361 million Rare Earths Forecast pre-tax NPV Zirconium Hafnium Opex AUD 425 million Niobium AUD 287m 33% Annual Free cash flow1 4% 34% AUD 1,678 million 19% Capital cost estimate including contingenc
Slide 16: Dubbo Project milestones and targets
Dubbo Project milestones and targets Milestones achieved Targets Jun 2021 Received AUD 200m Letter of Support from Export 2H 2023 Secure bankable offtakes Finance Australia1 Equity from strategic partner(s) /government(s) Jul 2021 Signed a conditional framework agreement with South Korean cons
Slide 17: Dubbo Project funding structure
Dubbo Project funding structure PROJECT FINANCING Equity Offtake Debt • Targeting Korean and • Korea • Targeting Korean ECA global partners • United States (K-Sure/KEXIM) funding guarantee • Exploring government • Japan • Syndicate banks participation • EFA Letter of Support AUD 200m • Europe • ANZ
Slide 18: Dubbo Project diversified revenue
Dubbo Project diversified revenue Dubbo Products Production Revenue Potential end users Nd/Pr Oxide 1,342 tpa GM Noveon Tesla Tb Oxide 22 tpa 44% Hyundai NS World Other OEMs Dy Oxide 142 tpa Rare earths Marubeni Samsung C&T Zirconia 33% ATI Imerys KNFC 13,500 tpa Dehafniated Zirconia 2,500 tpa Frama
Slide 19: info@asm-au.com asm-au.com
+61 8 9200 1681 info@asm-au.com asm-au.com Rare Earths. Critical Minerals. High-Tech Metals.
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