Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Noosa Mining Conference 2023
23 slides from Wa1 Resources's conference presentation, Nov 16, 2023
Slide 1: West Arunta Project - Noosa Mining Conference
WEST ARUNTA PROJECT NOOSA MINING CONFERENCE NOVEMBER 2023
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Ltd Not financial product advice: Neither the Company nor any of its related bodies corporate is (WA1, the Company) to provide general information about the Company. The information i
Slide 3: Globally Significant Niobium Discovery in Australia
GLOBALLY SIGNIFICANT NIOBIUM DISCOVERY IN AUSTRALIA High-grade niobium discoveries in a world-class mining jurisdiction 41 Advancing a critical mineral Nb Niobium project in the concentrated, high- value, niobium market 92.906 Investor Presentation | Page 3
Slide 4: Birth of the Niobium Industry
BIRTH OF THE NIOBIUM INDUSTRY1 ▪ The Araxá niobium deposit was discovered in 1953 and is located approximately 6km from the city of Araxá in the state of Minas Gerais, Brazil ▪ The carbonatite complex is circular in shape with an average grade of 2.5% Nb2O5 within its shallow high-grade enriched bla
Slide 5: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF KEY NIOBIUM PRODUCERS1 ( Nb2O5) GLOBAL PRODUCTION2 100 Ferroniobium production eq. (ktpa) 2.5% 80% OF GLOBAL 75 SUPPLY 50 1.0% 25 0.4% - CBMM CMOC NIOBEC 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Canadian mine St Brazilian mine Honoré enters Catalao e
Slide 6: Ferroniobium Demand
FERRONIOBIUM DEMAND ▪ Global ferroniobium production NIOBIUM DEMAND BY TYPE1 is approximately 88ktpa and KEY FERRONIOBIUM MARKETS sells for ~US$30,000/t1 ▪ Micro-alloyed steels using niobium increase the efficiency of the steel industry OIL & GAS STRUCTURAL ▪ Strength improvements allow PIPELINES li
Slide 7: The only replacement for steel is better steel
41 Nb Niobium 92.906 The only replacement for steel is better steel Investor Presentation | Page 7
Slide 8: Niobium Oxide Demand
NIOBIUM OXIDE DEMAND ▪ Niobium oxide is predominately produced through additional NIOBIUM DEMAND BY TYPE3 SPECIALTY NIOBIUM MARKETS treatment applied to refined ferroniobium1 NIOBIUM OXIDE ▪ Key established and high- 12% growth markets include2: ▪ Superconductive magnets AEROSPACE SUPERCONDUCTORS an
Slide 9: Niobium Oxide Demand – Batteries
NIOBIUM OXIDE DEMAND – BATTERIES NIOBIUM BATTERY TECHNOLOGY NIOBIUM BATTERY LEADERS ▪ 10x longer life than traditional batteries – significantly reducing e-waste1,2 ▪ Ultra-fast charging – full charge in 6 minutes or less2 ▪ Increased stability – up to 20,000 fast charge and discharge cycles without
Slide 10: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION FeNb supply1 FeNb demand2 Listed as critical3 CANADA 8% EUROPE 20% JAPAN IDENTIFIED BY MANY CHINA 35% S. KOREA 13% NORTH COUNTRIES AS A CRITICAL AMERICA 18% MINERAL DUE TO SUPPLY 11% CONCENTRATION BRAZIL 91% WEST ARUNTA PROJECT EU Critical Mineral Rankings - 20234 US Crit
Slide 11: Advancing a globally significant critical mineral discovery
Advancing a globally significant critical mineral discovery Investor Presentation | Page 11
Slide 12: West Arunta Project Location
WEST ARUNTA PROJECT LOCATION ▪ The West Arunta Project comprises two mineralised carbonatite discoveries located in Western Australia, one of the world’s pre-eminent mining jurisdictions ▪ Key access is via the Mid-State Highway, 1,300km to Port Hedland and 800km to Alice Springs ▪ The 2022 drill pr
Slide 13: A Tier-1 Carbonatite Complex
A TIER-1 CARBONATITE COMPLEX ▪ The Luni carbonatite extends for a total of LUNI CABONATITE 3.5km wide and 1.5km long PLAN VIEW2 ▪ The Luni carbonatite is characterised by a A’ discrete, very-high amplitude gravity anomaly with a limited but coincident magnetic response ▪ Luni is also located at the
Slide 14: Mineralogy and Metallurgy
MINERALOGY AND METALLURGY ▪ Five composite samples have undergone detailed Liberation of Niobium Niobium mineralogical assessment using QEMSCAN and XRD niobium Next steps minerals content minerals ▪ Dominant high-purity, primary niobium bearing >85% of -150 to minerals observed in the samples Prelim
Slide 15: Key Project Workstreams Initiated
KEY PROJECT WORKSTREAMS INITIATED Drilling Process Testwork Environmental Targeting a maiden Mineral Mineralogical and metallurgical Baseline studies have Resource estimate in H1-2024 testwork underway commenced Transport Studies Water Power Solution Multiple road and rail Regional sources with pote
Slide 16: WA1's ESG Focus
WA1’S ESG FOCUS 41 Nb Niobium 92.906 POSITIVE IMACT ON THE FUTURE FACING MINERAL BUSINESS ETHICS AND COMMUNITIES WITHIN THE EXPLORATION ENABLING CORPORATE GOVERNACE LANDS WE OPERATE DECARBONISATION Investor Presentation | Page 16
Slide 17: P2 Carbonatite Discovery
P2 CARBONATITE DISCOVERY ▪ First drill hole (announced October 2022) at the P2 Target discovered a mineralised carbonatite system ▪ End of hole returned the highest-grade (1m @ 1.72% Nb2O5)1 suggesting mineralisation may be open and have depth potential ▪ New geophysical data captured over P2 to fur
Slide 18: Key infrastructure established for efficient ongoing exploration
Key infrastructure established for efficient ongoing exploration and development activities Investor Presentation | Page 18
Slide 19: Leadership Team
LEADERSHIP TEAM BOARD OF DIRECTORS SENIOR MANAGEMENT Gary Lethridge, Chairperson Lucas Stanfield, Project Manager ▪ Significant corporate experience from discovery to production ▪ Experienced mining engineer with more than two decades of experience in mine ▪ Ex-Jubilee Mines executive ($3.1b takeove
Slide 20: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE REGISTER COMPOSITION SHARE PRICE (15 NOVEMBER 2023) A$9.81 SHARES ON ISSUE 56.7M 18% BOARD AND MANAGEMENT 32% OPTIONS1 AND PERFORMANCE RIGHTS 4.3M TALI RESOURCES MARKET CAPITALISATION (UNDILUTED) A$557M 15% INSTITUTIONS AND HIGH NET WORTH INDIVIDUALS CASH (PROFOR
Slide 21: Key Takeaways
KEY TAKEAWAYS 41 Nb Niobium 92.906 HIGH-GRADE MINERALISED CONCENTRATED GROWING TEAM OF CONTINUOUS FLOW OF CARBONATITE HIGH-VALUE NIOBIUM PROJECT ADVANCEMENT EXPLORATION RESULTS DISCOVERIES MARKET EXPERTS AND PROJECT NEWS ▪ Luni is a globally ▪ High-value critical mineral ▪ Highly successful board ▪
Slide 22: Advancing an essential critical mineral project
41 Nb Niobium 92.906 Advancing an essential critical mineral project for the concentrated, high- value niobium market WA1 Resources Ltd Investors Product Marketing Media Paul Savich Gustavo Macedo Michael Vaughan Lvl 2, 55 Carrington Street, Managing Director Niobium Marketing Advisor Fivemark Partn
Slide 23: References and Notes
References and Notes SLIDE 4 SLIDE 9 1. https://cbmm.com/en/our-company/our-history 1. 1,500 charge cycle life of Tesla Model 3 from <https://www.motortrend.com/features/how-long-does-a-tesla- 2. Adaptation from Zhou, L., ‘Simplified geological map of the alkaline-carbonatitic complex, Araxá’ batter