Leeuwin Metals Ltd · ASX:LM1
Leeuwin Metals — Investor Presentation (January 2025)
27 slides from Leeuwin Metals's investor presentation, Jan 28, 2025
Slide 1: Investor Presentation
Investor Presentation Leeuwin Metals Limited (ASX:LM1) January 2025 Extensive known mineralisation Motivated by discovery Numerous well-defined drill targets Close to several operating mills in the region Leeuwin highly leveraged to exploration success Visit Our Website www.leeuwinmetals.com Not for
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Important information: Leeuwin Metals Ltd (ASX LM1) ACN 656 057 215 (the "Company“) is the issuer of this presentation. Not a disclosure document or offer The Offer will be conducted under section 708A of the Corporations Act 2001 (Cth) (“Corporations Act”) and will
Slide 3: About Leeuwin
ABOUT LEEUWIN Leeuwin Metals Ltd (ASX: LM1) (Leeuwin or LM1) is an ASX-listed exploration company focused on discovering and developing high-value mineral resources across a diversified portfolio Our Portfolio • West Pilbara Iron Ore Project (Western Australia) • Iron ore rock chips (>50% Fe) over a
Slide 4: Asset Overview
ASSET OVERVIEW Leeuwin has agreed to acquire the Marda Gold Project from Ramelius Resources, providing the Company with a flagship asset in the highly prospective Western Australian goldfields; Leeuwin also holds prospective lithium, nickel and iron ore assets in Canada and Australia1 Australian Ass
Slide 5: Marda Gold Project Overview
MARDA GOLD PROJECT OVERVIEW Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com 5
Slide 6: Marda Gold Project – Investment Highlights
MARDA GOLD PROJECT – INVESTMENT HIGHLIGHTS 100% ownership of granted Proven gold belt Low-cost acquisition mining leases in Western with multiple high-grade creating long term Australia drill intercepts shareholder value Ramelius Resources to A leadership team with Strategic location & become a stra
Slide 7: Marda Gold Project – Acquisition Overview
MARDA GOLD PROJECT – ACQUISITION OVERVIEW 1 The agreement to acquire Marda gives Leeuwin significant exploration upside; multiple exploration targets have been identified across four prospect areas – Marda North, Marda Central, Marda South and Marda West Overview Exploration Targets Transformational
Slide 8: Marda Gold Project – Marda North
MARDA GOLD PROJECT – MARDA NORTH Marda North – Evanston Exploration Potential with Multiple stacked veins • Limited follow up drilling, open in all directions within +1.4km of surface strike extents Surface Exploration • Multiple areas require mapping and rock chip sampling within the +4.5km of stri
Slide 9: Marda Gold Project – Marda North
MARDA GOLD PROJECT – MARDA NORTH Marda North – ex-Evanston Target Area Overview and Intercepts Shallow single open pit mined within the top 50m, with a total production by Ramelius of 35.4koz @ 1.69g/t Au Die Hardy Untested at depth and along strike, presenting significant potential for expansion Th
Slide 10: Marda Gold Project – Marda Central
MARDA GOLD PROJECT – MARDA CENTRAL Marda Central Advanced exploration target areas within the +3km mine trend • Four open pits with mining contained to 50m depth • Multiple workings that remain under-explored within the mining lease • Multiple areas for follow up within mine trend defined by BIFs wi
Slide 11: Marda Gold Project – Marda South
MARDA GOLD PROJECT Marda South Exploration Potential • Untested extensions within the +3km mine trend offer opportunities for further high-grade discoveries within the mining lease High-Grade Zones • Multiple significant drill intercepts for follow up, including Golden Orb (2m @ 9.1 g/t), indicate s
Slide 12: Marda Gold Project – Marda West
MARDA GOLD PROJECT Marda West Exploration Potential • Untested extensions across multiple prospects • Majority of drilling is RAB with limited RC drilling outside of known prospects High-Grade Zones • Significant drill intercepts for follow up beneath exiting pit, including: • 2m @ 8.8g/t Au • 1m @
Slide 13: Corporate Overview
CORPORATE OVERVIEW Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com 13
Slide 14: Corporate Overview
CORPORATE OVERVIEW Capitalisation Summary 1 Shareholder Register 1 ASX Ticker LM1 Board and Management Share Price A$/sh 0.12 30% Shares Outstanding 2 #m 46.9 39% Glencore Restricted Shares Outstanding #m 16.5 Options Outstanding #m 29.0 Other Top 20 Shareholders Market Capitalisation 2 A$m 7.6 10%
Slide 15: Development Timeline
DEVELOPMENT TIMELINE Leeuwin have a demonstrable record of being responsible caretakers of investor’s funds, and will be well-funded to execute on the Company’s exploration plans1 Exploration Approach Development Timeline Near Mine Q4-2024 Q1-2025 Q2-2025 Q3-2025 Q4-2025 • Focus on existing mining l
Slide 16: Capital Raising Overview
CAPITAL RAISING OVERVIEW Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com 16
Slide 17: Equity Raising Overview
EQUITY RAISING OVERVIEW The Company is seeking to raise approximately A$3.25 million at A$0.098 per share (Offer Price) by way of a two-tranche placement (Placement or the Offer) via the issue of approximately 33.2 million fully paid ordinary shares in the Company (New Shares): • Tranche 1 to raise
Slide 18: Pro-Forma Capital Structure
PRO-FORMA CAPITAL STRUCTURE Existing Shares on Issue #m 46.9 Existing Listed & Unlisted Equities on Issue LM1AF: Ordinary Fully Paid Restricted Shares #m 16.5 LM1AG: Option Expiring 23 March 2026 #m 3.0 LM1AH: Option Expiring 31 May 2027 #m 2.5 LM1AI: Option Expiring 12 May 2028 #m 23.5 Shares propo
Slide 19: Sources and Uses of Funds
SOURCES AND USES OF FUNDS Proceeds raised from the Offer will be used to fund comprehensive exploration programs across the Company’s Australian and Canadian project portfolio Sources and Uses of Funds Detailed Use of Funds Sources of Funds A$m Uses of Funds A$m Existing Cash 1.2 Marda Exploration 1
Slide 20: Equity Raising Timetable
EQUITY RAISING TIMETABLE 1 Event Date (AEDT) Trading halt Thursday, 23 January 2025 Trading halt lifted and LM1 shares recommence trading on ASX Tuesday, 28 January 2025 Settlement of Placement Shares (Tranche 1) Thursday, 30 January 2025 Allotment of Placement Shares (Tranche 1) Friday, 31 January
Slide 21: Key Risks
KEY RISKS Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com 21
Slide 22: Key Risks
KEY RISKS You should be aware that an investment in LM1 involves various risks. This section sets out some of the key risks associated with an investment in LM1. A number of risks and uncertainties, which are both specific to LM1, and of a more general nature, may adversely affect the operating and
Slide 23: Key Risks (cont.)
KEY RISKS (cont.) Risk Business Risks Social License A number of stakeholders have varying interests in LM1’s prospective areas of exploration. The ability of LM1 to secure and undertake exploration and development activities within those areas is reliant upon the adequate acknowledgement of the int
Slide 24: Key Risks (cont.)
KEY RISKS (cont.) Risk Business Risks Shareholder dilution In the future, the Company may elect to issue Shares to fund or raise proceeds for working capital, growth, acquisitions, to repay debt, or for any other reason. While the Company will be subject to the constraints of the ASX Listing Rules r
Slide 25: Selling Restrictions
SELLING RESTRICTIONS Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com 25
Slide 26: Selling Restrictions
SELLING RESTRICTIONS This document does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any jurisdiction in Singapore which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any c
Slide 27: Contact Us
Contact Us Christopher Piggott Managing Director +61 8 6556 6427 info@leeuwinmetals.com Leeuwin Metals Ltd Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com 27
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