Slide 1: Beharra. The Midwest's leading high grade silica sand project
For personal use only Beharra. The Midwest’s leading high grade silica sand project. ASX: PEC Midwest Major Projects Update 2021 Batavia Coast Conference Centre, Geraldton | 15-16 September 2021
Slide 2: Disclaimer
Disclaimer For personal use only This presentation contains summary information about Perpetual Resources Ltd (Perpetual) and is current as of 16th September 2021. The information in this presentation is of a general nature and does not purport to be complete nor does it contain all of the informati
Slide 3: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that relates to the March 2020 Exploration information for the Beharra Project is based on information compiled and fairly represented by Mr Colin Ross Hastings, who is a Member of the Australasian Institute of Mining a
Slide 4: Perpetual Resources: Investment Highlights
Perpetual Resources: Investment Highlights For personal use only 100% owner of Highly supportive Led by an PFS demonstrates Beharra PFS Outcomes Base case the Beharra high commodity market experienced a long-life project Post-Tax NPV (ungeared) $231m grade silica sand backdrop provides Board and tea
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only Julian Babarczy Robert Benussi Brett Grosvenor George Karafotias Executive Chairman Managing Director Non-Executive Director Non-Executive Director ASX Code PEC Share Price (as at 10 September 2021) $0.11 Ordinary Shares 492.2m PEC Share Price Relative to Pee
Slide 6: Project Portfolio
4 Track/Road Highway Project Portfolio Railway PEC Hub For personal use only Three discrete Project Hubs – all located proximal to established infrastructure. Beharra1 • Pre-feasibility study completed with compelling economics • Post tax NPV (ungeared): $231m • Post tax IRR (ungeared): 55% • Initia
Slide 7: United Nations quote on sand and sustainability
For personal use only “We give such little thought to it… But sand and gravel build the foundations of our economies.” United Nations Report on Sand and Sustainability, 2019 7
Slide 8: Sand facts
Sand facts “The global rate of sand For personal use only use — which has tripled over the past two decades partially as “We just think a result of surging urbanization — that sand is far exceeds the natural rate at everywhere. We never “For construction which sand is being replenished thought we wo
Slide 9: What is Silica Sand Used For?
What is Silica Sand Used For? For personal use only Glass - Architectural - PV solar cell glass covers - Smartphones - Tablets - Automotive - Fiberglass - Container Packaging Building products - Quartz surfaces - Roofing shingles Foundry sands - Automotive & Manufacturing Fillers & Extenders Chemica
Slide 10: Asia Pacific: The fastest growing silica sand market in the world
Asia Pacific: The fastest growing silica sand market in the world For personal use only APAC Silica Sand Market Value (US$m) APAC Sales Volume (mtpa) 9,000 180 8,000 40mtpa of extra high 160 quality silica sand is Market growth of needed in 7,000 US$3b is up for APAC grabs 6,000 140 5,000 120 4,000
Slide 11: Relative size of PEC focus industry
Relative size of PEC focus industry End Markets For personal use only Other Abrasives 4% 5% Filtration • The Asian glass industry is the largest and highest growth for high grade 10% silica sand • The PV solar panel glass cover industry is experiencing exponential growth • These markets are Perpetua
Slide 12: Australia: An established silica sand exporter
Australia: An Sth Korea AUS 68% ROW 32% established silica For personal use only China Japan sand exporter AUS 48% AUS 70% ROW 52% ROW 30% • Australia exports around 5mtpa of high grade silica sand* • 2.5-3.0mtpa from Cape Flattery • 1.0-1.5mtpa from Western Australia • Balance from various mines th
Slide 13: Beharra: High Grade Silica Sands
4 Track/Road Highway Beharra: High Grade Silica Sands Railway PEC Tenement For personal use only LOCATION Approximately 100km south of Geraldton, comprising a north- south striking exploration licence covering an area of about 49 km2 SCALE The project lies within the northern part of the Perth Basin
Slide 14: Project Economics
Project Economics Capital Expenditure Cost (A$) Wet Processing Plant $19.1m For personal use only On Site Infrastructure $3.5M Perpetual’s strategy is to operate with maximum flexibility, Off-Site Infrastructure (Bore field, site access roads) $9.3m aiming to be able to respond to the expected posit
Slide 15: What makes Beharra special
What makes Simple geology • Clearly defined horizons of white and Superior metallurgy* • Lowest known impurity profile Beharra For personal use only yellow sand in the Midwest • Selective mining expected to be • Potential for premium product pricing special straightforward 100% 90% white sand >50% r
Slide 16: PFS Production Process
PFS Production Process For personal use only • Simple flow sheet design due to straight forward metallurgy • Packaged plant sweet spot - 250t per hour planned • Flow sheet to be optimised based on current metallurgical testing Typical sand plant showing various product streams being produced 16 Note
Slide 17: Tier Regional Infrastructure
Tier 1 Infrastructure For personal use only Regional Beharra is one hour by high quality road to Geraldton Port, underpinning the economic viability of Beharra. RAV7.3 – PBS Super Triple 17
Slide 18: Tier Infrastructure In Practise
Tier 1 Infrastructure In Practise For personal use only MINE SITE BRAND HW Y GERALDTON PORT INTERSECTION Sealed highway to Internal haul road Narngalu Bulk to Mt Adams Rd Storage Facility MT ADAMS RD NARNGALU Short haul to Geraldton Port for Mt Adams Rd connects APAC export directly to the sealed Br
Slide 19: Future Opportunities: Potential for Enhancement
Future Opportunities Potential for Enhancement For personal use only simplifying of the metallurgical flowsheet to lower Direct port capital and access as part of operating costs Freight Mid West Ports alternatives expansion project DSO such as Road + production Rail or Rail scenario being only Dry
Slide 20: Midwest Regional Benefits
Midwest Regional Benefits For personal use only Beharra is a generational project with a 32 year mine life and significant expansion potential. Benefits to region, state and Australia • Corporate taxes of $485m • State royalties of $56m • Strong injection of spending into local economy Local benefit
Slide 21: Contact details
For personal use only Julian Babarczy Executive Chairman Robert Benussi Managing Director robert.b@pecsilica.com +61 410 415 335 Perpetual Resources Ltd 223 Liverpool St, Darlinghurst NSW 2010 www.perpetualresourceslimited.com.au 21