Slide 1: Element 25 Limited Investor Update
Element 25 Limited Investor Update Building a world-class Zero Carbon Manganese business March 2023 – EGM Investor Update ASX:E25
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assu
Slide 3: Corporate Summary
Corporate Summary Financial Information Introduction ASX Ticker E25 Developing the world class Shares on Issue 190M Butcherbird Manganese Project in Western Share Price $0.63 Debt Nil Australia to produce high quality manganese concentrate and battery grade High Purity Manganese Sulphate Monohydrate
Slide 4: Experienced Owners Team
Experienced Owners Team BOARD OF DIRECTORS Recent board additions strengthens depth of industry & operational experience for both mining and chemical processing divisions. Seamus Cornelius Justin Brown John Ribbons Fanie van Jaarsveld Sam Lancuba Chairman Managing Director Non-Executive Director Non
Slide 5: Our Strategic Vision
Our Strategic Vision… Stage 1 Stage 2 Stage 3 Stage 4 365Kt per annum 1 Mt per annum High Purity MnSO4 MnSO4 Expansion In production, optimising process, Engineering design and costing in Strong OEM support –signed with Long term - multiple HPMSM preparing expansion progress using DMS option Stellan
Slide 6: Not all manganese is created equal
Not all manganese is created equal Serving the Established… And the Emerging… • Manganese (Mn) is the fourth most used metal • The electrification of the global vehicle fleet on earth in terms of tonnage. requires vast amounts of cathode materials. • Used in steel, specialty alloys and aluminium pro
Slide 7: Great infrastructure endowment, fully permitted
Great infrastructure endowment, fully permitted 100% E25 owned, long term tenure. E52/2350 M52/1074 Granted Mining Lease Measured & Indicated Resources are the basis Simple Logistics for the 42-year Base Case -7-
Slide 8: Very simple geology equals low-cost, low impact manganese units
Very simple geology equals low-cost, low impact manganese units Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource 263 10.0 20.8 • Enough resource base for multi- Reserve 50.6 10.3 5.22 decade long expansion pathway. • Can produce concentrate, battery grade HPMSM
Slide 9: Stage 1: Project Delivery Complete – Engineering Optimisation Progressing
Stage 1: Project Delivery Complete – Engineering Optimisation Progressing Process Water Storage Tails Storage ROM Stocks Main Access Road Ore Stockpiles Feedstock for HPMSM conversion Processing Plant -9-
Slide 10: Our Goal – Zero Carbon High Purity Manganese
Our Goal – Zero Carbon High Purity Manganese… Stage 1 First production of manganese concentrate to sell to manganese alloy manufacturers Multi-stage growth Stage 2 potential Expansion of the concentrate production to produce manganese feedstock to convert to MnSO4 Stage 3 Establishing a conversion f
Slide 11: New Energy Vehicle (NEV) Demand Growing Strongly
New Energy Vehicle (NEV) Demand Growing Strongly Mn Reference: McKinsey & Company: - Electric vehicles: The next growth engine in chemicals, 2023 - 11 -
Slide 12: If not manganese, then what?
If not manganese, then what? • VW, Tesla, Umicore, BASF and Stellantis have Manganese in the cathode: 17% of material but only 2% of cost announced moves to high manganese cathodes. (NMC 622) • High manganese means higher energy density along with lower cost – two key objectives. • Both major batter
Slide 13: Manganese, the battery raw material supply chain solution?
Manganese, the battery raw material supply chain solution? PDAC 2023 Keynote Speaker “…manganese (is) the single most critical mineral for batteries right now,” he said. “How many companies outside of China make manganese commercially for a battery right now? Which is the hottest metal for batteries
Slide 14: Low cost, efficient HPMSM process – significant improvements
Low cost, efficient HPMSM process – significant improvements… The Element 25 Process makes significant changes & improvements… Problems with Current Technologies • Large volumes of waste residues • Toxic Reagents • Inefficient • Higher Cost • Outdated processing technology Reagents/Cost Carbon Emiss
Slide 15: Design One Build Many
Stage 3 Processing Location Optionality – Multiple Plant Potential EU Feasibility Study Scenario 2: USA US JP KR Mn Concentrate Feedstock (33% Mn): Up to 1M tonnes per annum manganese concentrate production Feasibility Study Scenario 1: Malaysia MY planned at the Butcherbird Project in Western Austr
Slide 16: Inflation Reduction Act 2022 – What’s Changed?
Inflation Reduction Act 2022 – What’s Changed? Summary of Impacts on Battery Supply Chains • Regulations effective from January 1, 2025. • Requirement for 40% of battery materials to be sourced from north American or allied countries from 2024. • Increasing to 80% by 2026. • Allied countries include
Slide 17: Production Plant – Feasibility Study Examining 2 Potential Sites
Production Plant – Feasibility Study Examining 2 Potential Sites Location #1- Malaysia US Advantages: • Established industrial precinct • Local reagent supply • Lower construction cost • Available skilled labour pool • Excellent logistics optionality • Proximity to Asian markets • Lower cost structu
Slide 18: Production Plant – Location Optionality
Production Plant – Location Optionality PACKAGING & PRODUCT STORAGE PURIFICATION & CRYSTALLISATION PROVISION FOR EXPANSION STAGE (2X PRODUCTION) REDUCTANT STORAGE ORE STORAGE & COMMINUTION - 18 - Note: artist’s impression – subject to final design
Slide 19: Offtake & Financing – Stellantis
Offtake & Financing – Stellantis • E25 and Stellantis sign definitive agreements for the supply of battery-grade high- purity manganese sulphate (HPMSM) for Stellantis’ EV battery requirements. • Key commercial terms include: Stellantis is a leading global automaker and mobility • E25 to supply HPMS
Slide 20: Targeting Zero Carbon Manganese – ESG is integral to our thinking
Targeting Zero Carbon Manganese – ESG is integral to our thinking • LCA covers Scope 1,2 and 3 emissions from mining through Global Warming Potential to the proposed USA-based HPMSM processing plant. • E25 HPMSM to produce ~1.7kg of CO2 for every 1kg of 5.2 4.8 PUBLISHED PEER COMPARISONS Kg CO2 eq.
Slide 21: Partnering with Circulor for Supply Chain Transparency & ESG Accounting
Partnering with Circulor for Supply Chain Transparency & ESG Accounting Creating the First ESG Transparent Manganese Supply Chain • Circulor’s platform will underpin real-time traceability of Element 25’s (E25) manganese products. The partnership plays a critical role in E25’s strategic pathway to Z
Slide 22: Our Strategic Vision
Our Strategic Vision… Stage 1 Stage 2 Stage 3 Stage 4 365Kt per annum 1 Mt per annum High Purity MnSO4 MnSO4 Expansion In production, optimising process, Engineering design and costing in Strong OEM support –signed with Long term - multiple HPMSM preparing expansion progress using DMS option Stellan
Slide 23: Thank you
Thank you For more information, please contact Element 25 Limited: +61 8 6375 2525 admin@e25.com.au www.element25.com.au ASX:E25
Slide 24: Our Strategic Vision… Current Focus
Our Strategic Vision… Resource scale of the Butcherbird Project underpins long-term growth. Company Growth Stages Industry Segments Opportunity Manganese Ore All Manganese Industries Reliable Long Term Supply Ethical Clean Manganese Supply Manganese is the world’s fourth largest metal Demand for hig
Slide 25: Reserves and Resources
Reserves and Resources Maiden Ore Reserve1 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured and Proved 14.4 11.5 1.65 indicated resources to reserve. Probable 36.2 9.8 3.56 • Maiden Reserve only exploits Total 50.6 10.3 5.22 approximately 20% of global Global Mineral Resour
Slide 26: Competent Person’s Statement
Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Justin Brown has sufficient exp