Australian Mines Limited · ASX:AUZ
Australian Mines — Shareholder Meeting (November 2017)
27 slides from Australian Mines's shareholder meeting presentation, Nov 13, 2017
Slide 1: Annual General Meeting
For personal use only ASX: AUZ 13 November 2017 Annual General Meeting australianmines.com.au
Slide 2: Important notes on these slides
Important notes on these slides For personal use only This document is a visual aid accompanying a presentation to shareholders by the Managing Director on 13 November 2017. It is not intended to be read as a stand- alone document. It contains select information, in abbreviated or summary form, and
Slide 3: Investment Criteria: Australian Mines vs Clean TeQ
Investment Criteria Australian Mines Clean TeQ Sconi Project Sunrise Project For personal use only Mineral Resource 89 million tonnes 109 million tonnes Expected feed grade 0.11% Cobalt & 0.81% Nickel 0.14% Cobalt & 0.80% Nickel (for first 20 years Life of Mine) Processing efficiency 93% Cobalt & 93
Slide 4: Australian Mines – a market leader
For personal use only Australian Mines – a market leader 12/11/2017 www.australianmines.com.au 4
Slide 5: Australian Mines ticks ALL the boxes
Australian Mines ticks ALL the boxes For personal use only A project is required to have completed a Pre-Feasibility Study or Bankable Feasibility Study in order to report a “feed grade” Pre-Feasibility Studies or Bankable Feasibility Studies are only permitted to consider the first 20 years of a pr
Slide 6: Sconi Cobalt-Nickel-Scandium Project
For personal use only Sconi Cobalt- Nickel-Scandium Project 12/11/2017 www.australianmines.com.au 6
Slide 7: Sconi Project
Sconi Project For personal use only • 100%-owned Australian Mines’ project • Located within 250 kilometres of the approved cobalt & nickel exporting port of Townsville in northern Queensland, Australia • Sconi Project benefits from existing surrounding infrastructure including; sealed roads, exp
Slide 8: Sconi – One giant battery
Sconi – One giant battery For personal use only • The Sconi Project can produce the raw materials required in a Tesla Model S battery pack cathode (which is comprised of 80% nickel and 15% cobalt) • The existing Pre-Feasibility Study (PFS) has projected the Sconi Project, once in production, could s
Slide 9: Sconi – Ready for development
Sconi – Ready for development For personal use only Trial mining in completed Mining Lease granted Plant design identified Electricity source confirmed Proposed water supply on site Environmental Licence granted Final investment decision on Sconi development in April 2018 Sconi is de-r
Slide 10: Production and processing facility
For personal use only Production and processing facility 12/11/2017 www.australianmines.com.au 10
Slide 11: Demonstration-scale plant under construction
Demonstration-scale plant under construction For personal use only • Construction underway of demonstration-size processing plant in Perth, Western Australia • Uses a proven, industry standard processing flow chart that has been independently verified by engineers from potential off-take partners •
Slide 12: One of the largest test plants in Australia
One of the largest test plants in Australia For personal use only With a throughput capacity of 2,200 kilograms of ore per day, the demonstration-scale plant has the potential to deliver a weekly output of: ✓ 67 kilograms of cobalt sulphate (CoSO4.7H2O) ✓ 500 kilograms of nickel sulphate (NiSO4.6H2O
Slide 13: Flemington Cobalt-Scandium-Nickel Project
For personal use only Flemington Cobalt- Scandium-Nickel Project 12/11/2017 www.australianmines.com.au 13
Slide 14: Flemington Project
Flemington Project For personal use only • Located in central New South Wales, 370 kilometres west of Sydney • Direct continuation of Clean TeQ’s Sunrise deposit, separated purely by a tenement boundary • Continuing to expand and increase the mineral endowment at Flemington through a series of drill
Slide 15: Flemington: Only 1% of prospective geology tested
Flemington: Only 1% of prospective geology tested For personal use only • Surface sampling confirms cobalt mineralisation extends far beyond the current drilling • Potential to substantially grow the project’s cobalt mineralisation foot print • Pre-Feasibility Study (PFS) to be completed by mid-2018
Slide 16: Thackaringa Cobalt Project
For personal use only Thackaringa Cobalt Project 12/11/2017 www.australianmines.com.au 16
Slide 17: Thackaringa: Offers additional cobalt upside
Thackaringa: Offers additional cobalt upside For personal use only • 100%-owned by Australian Mines • Immediately adjoins Cobalt Blue’s Pyrite Hill cobalt project in New South Wales • Complements the company’s existing world- class Sconi and Flemington Projects • Cements Australian Mines as one of t
Slide 18: Frequently Asked Questions
For personal use only Frequently Asked Questions 12/11/2017 www.australianmines.com.au 18
Slide 19: FAQs
FAQs For personal use only Is it reasonable to directly compare Clean TeQ and Australian Mines on the back of their respective Sunrise and Sconi Projects? Yes – there is no material difference between the cobalt and nickel mineralisation at Clean TeQ’s Sunrise Project and Australian Mines’ Sconi Pro
Slide 20: more FAQs
more FAQs For personal use only But won’t the Sunrise Project be processing ore with higher cobalt grades? No, not materially – the grade of cobalt ore being treated at Sunrise is quoted by Clean TeQ to be 0.14% which is not materially different from Australian Mines’ proposed cobalt feed grade of 0
Slide 21: and more FAQs
and more FAQs For personal use only Isn’t the Clean TeQ system cheaper to build and cheaper to operate? No – there is no evidence available to date that suggests that one processing option for processing Sunrise or Sconi-type ore is superior, or cheaper, than another. Further, based on current analy
Slide 22: and a few more FAQs
and a few more FAQs For personal use only What about Australian Mines’ Flemington project? Isn’t the mineralisation limited to Clean TeQ’s tenement next door? No – if it were then I wouldn’t be receiving phone calls from non-AUZ investors urging Australian Mines to merge its Flemington Project with
Slide 23: and some final questions
and some final questions For personal use only Isn’t it a case, though, of first into production wins? No – due to the growth in the Electric Vehicle (EV) market, the expected global demand for cobalt sulphate and nickel sulphate is that large that Australia could see four or five Sconi – Sunrise-ty
Slide 24: Corporate Overview
Corporate Overview For personal use only CAPITAL STRUCTURE Board of Directors Market Cap at 13.5cps Michael Ramsden (Chairman) Benjamin Bell (Managing Director) (12 November 2017) Michael Ramsden is a lawyer with more than Benjamin Bell is a geophysicist, with 20 years’ 25 years' experience as a cor
Slide 25: For personal use only
For personal use only 12/11/2017 www.australianmines.com.au 25
Slide 26: Contact
Contact For personal use only +61 8 9481 5811 +61 46 777 00 16 bbell@australianmines.com.au www.australianmines.com.au Level 1 / 83 Havelock Street, West Perth, Western Australia, 6005 12/11/2017 www.australianmines.com.au 26
Slide 27: For personal use only
For personal use only 12/11/2017 www.australianmines.com.au 27
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