Firering Strategic Minerals Plc · LSE:FRG
Firering Strategic Minerals — Investor Presentation (June 2024)
18 slides from Firering Strategic Minerals's investor presentation, Jun 5, 2024
Slide 1: A fully constructed, near term quicklime production asset
A fully constructed, near term quicklime production asset Corporate Presentation June 2024
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) is being provided to you (the “Recipient”) by Firering Strategic Minerals PLC (the “Company”) for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any
Slide 3: Overview
Overview Multi-project portfolio in Zambia and the Ivory Coast focused on minerals that support fast growing sectors 1. 2. Limeco, Zambia Atex Project, Côte d'Ivoire An ex-Glencore quicklime project positioned to generate 90% interest in Atex that includes both lithium and early positive cashflow ta
Slide 4: Setting the Scene - Quicklime (Calcium Oxide CaO)
Setting the Scene - Quicklime (Calcium Oxide CaO) Multiple uses due to key chemical properties and essential for local copper production Global quicklime price has strengthened over the past Quicklime demand closely linked to the copper two years trading between US$160-US$218/t. market, which is for
Slide 5: Zambia
Zambia A favourable investment landscape • Stable political environment and commitment to democracy contributing to its appeal for investors seeking long-term stability • Abundant natural resources, making it an attractive destination for international mining companies • Copper sector generates abou
Slide 6: Limeco – Overview & Opportunity
Limeco – Overview & Opportunity Quicklime production potential ~20km west of Lusaka, Zambia, with existing infrastructure including main access roads, power and water • A limestone project with a historical spend of c.$104m comprising: • Limestone quarry with an in situ mineral resource of 73.7Mt @
Slide 7: Limeco – History of Drilling Campaigns & Mineral Resource Estimates
Limeco – History of Drilling Campaigns & Mineral Resource Estimates Side view of primary crusher with two aggregate s/piles • 125 drillholes for a total of 8,149m drilled between 2012 and 2017: • 2012 – 37 drillholes for a total of 2,517m with average DOH of 68m • 2012/2013 – first unclassified mine
Slide 8: Limeco – Mineral Resource Estimates
Limeco – Mineral Resource Estimates Side view of primary crusher with two aggregate s/piles Category Cut-off Tonnes (mt) CaCO3 (%) CaO (%) MgO (%) Measured 92% 18.1 95.78 53.69 1.13 Class 1 (green) = Measured Indicated 92% 45.5 95.28 53.37 1.79 Class 2 (blue) = Indicated Inferred 92% 10.1 94.53 52.9
Slide 9: Limeco – Assets & Sales
ongoing discussions for quicklime offtake with a local copper producer.” Primary crusher with lime plant in Limestone stockpile background Limeco – Assets & Sales High specification asset with historical spend of +$100m Assets • Two stage crushing circuit with an installed capacity of 300tph of lime
Slide 10: Limeco - Commissioning
Phased Commissioning 100% 90% 80% 70% 60% Limeco - Commissioning 50% 40% Fast-tracking plans to commence production in the near term 30% 20% 10% • Commissioned two-stage crushing circuit with an installed 0% capacity of 300tph Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug
Slide 11: Limeco – Building Revenues
Limeco – Building Revenues Modifications to 2 kilns operational & 8 kilns operational existing plant – fuel & producing quicklime - View of crushing plant looking north with aggregate s/piles Building 4 x revenue in foreground crushing plant using limestone streams: quicklime, stockpile Aggregate of
Slide 12: Atex Project, north-west Côte d'Ivoire
Atex Project, north-west Côte d'Ivoire Licence includes both lithium & tantalum-niobium potential • 90% interest in Atex, located within the Baoulé-Moss domain of the West African Craton: • Baoulé-Moss comprises several arcuate belts stretching hundreds of km, host to multiple gold, base metal & peg
Slide 13: Atex Project –Drill Campaigns
Atex Project –Drill Campaigns First DD scout drilling campaign completed in 2022 with 3,009m drilled over 19 holes Significant intercepts included: • 64m at 1.24% Li2O from 76m in hole TVDD0004, including: • 27m at 2.13% Li2O from 76m • 4.06% Li2O, the highest individual sample assay grade • 15m at
Slide 14: Investment case
Investment case Clear Path Upside Sustainable Focus on building scalable production at Limeco to Exploration programmes at Atex demonstrating potential Low environmental impact deposits and progressive ESG generate early cashflow commercial resource Policy Potential Off-take Robust Market Recognised
Slide 15: Appendix - Team
Appendix - Team Complementary team with proven in-country experience in project development, finance & ESG Youval Rasin Yuval Cohen Shai Kol Vassilios Carellas Rémy Welschinger Non-Executive Chairman Chief Executive Officer Chief Financial Officer Non-Executive Director Non-Executive Director Co-fou
Slide 16: Appendix - Corporate Structure
Appendix - Corporate Structure Firering Strategic Minerals Plc Limeco Resources SPA and Option to acquire up (Cyprus) Ltd to 45% 100% 90%* 51%** Atex Mining Resources (Cote Alliance Minerals Corporation Sarl FH Coltan I-II (Cote d’Ivoire) d’Ivoire) (Cote d’Ivoire) * Firering has an option **Currentl
Slide 17: Appendix - Quicklime Applications
Appendix - Quicklime Applications • Mining and metallurgy: Quicklime is utilized in mining and metallurgical processes for ore refining, pH control, and cyanide detoxification in gold and copper. • Construction: In construction it accelerates the setting time of cement-based materials and improves t
Slide 18: 38 Agias Fylaxeos Nikolas Kort Office 101, 3025 Limassol PO Box 53277
38 Agias Fylaxeos Nikolas Kort Office 101, 3025 Limassol PO Box 53277 Limassol Cyprus www.fireringplc.com Sustainable & Ethically Sourced Natural Mineral Resources
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