Element 25 Limited · ASX:E25
Element 25 — Shareholder Meeting (November 2023)
27 slides from Element 25's shareholder meeting presentation, November 2023
Slide 1: AGM Investor Update
Element 25 Limited AGM Investor Update Building a World-Class Battery Grade Manganese business November 2023 ASX:E25 OTCQX: ELMTF
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assu
Slide 3: Corporate Summary
Corporate Summary ASX Ticker: E25 Share Ownership: Stellantis 11% OTCQX Ticker: ELMTF Board & Managment 7% ATM Facility Issued Shares: 220M 4% Share Price: A$0.50 Free Float 79% Growing the world class Butcherbird Manganese Mine in Market Capitalisation: A$110M Western Australia to produce high qual
Slide 4: Traditional Manganese Alloys & Critical Battery Raw Material
Traditional Manganese Alloys & Critical Battery Raw Material Mn ALLOYS HPMSM - EV FUEL A key raw material Used in steel, alloys and for Electric Vehicle (EV) Batteries aluminium products. E25 New approach to improve HPMSM High silica concentrate ESG credentials suitable for Si-Mn alloys Manganese Co
Slide 5: Growth through ethical, strategic critical mineral supply
Growth through ethical, strategic critical mineral supply… Butcherbird Operational Plant Increasing Sustainable Manganese Mine Discipline Expansion Volumes Profits Measured Performance: Commodity: Coal Test date: 28 May 2010 Mine: BHP Douglas colliery Feed rate: 416tph Louisiana Ethical Ore Flowshee
Slide 6: The year in retrospect… Key Milestones
The year in retrospect… Key Milestones IRA Drives HPMSM Stellantis E25 Achieves Key Board E25 Files Key Relocation to Feasibility Invests U$15M Listing on Appointments International USA Study @$1.00 per OTCQX Patents Share Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov HPMSM LCA Confirms GM Complet
Slide 7: Experienced Owners Team
Experienced Owners Team BOARD OF DIRECTORS Experienced Board & Management Justin Brown John Ribbons Fanie van Jaarsveld Sam Lancuba Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Geologist CPA Analytical Chemist Chemical Engineer PROJECT DEVELOPMENT AND OPERAT
Slide 8: Large long mine life manganese concentrate operation
100% E25 Large long mine life manganese concentrate operation owned, long term tenure. E52/2350 M52/1074 Granted Mining Lease Measured & Indicated Resources are the basis Simple Logistics for the 42-year Base Case -8-
Slide 9: Very simple geology equals low-cost, low impact manganese units
Very simple geology equals low-cost, low impact manganese units Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource 260.9 9.9 25.8 • Enough resource base for multi- Reserve 49.2 10.2 5.0 decade long expansion pathway • Can produce concentrate, battery grade HPMSM a
Slide 10: Butcherbird Expansion – sustainable margins through lower costs
Butcherbird Expansion – sustainable margins through lower costs… Key Goals of Butcherbird Expansion Design: • Increase in production volume. • Reduction in unit operating costs. • Reduction in labour intensity. • Improved reliability, clay (and moisture). handling. Key Design/Equipment Selection Out
Slide 11: Our Goal – Zero Carbon High Purity Manganese
Our Goal – Zero Carbon High Purity Manganese… Stage 1 First production of manganese concentrate to sell to manganese alloy manufacturers Capturing value through Stage 2 down-stream Expansion of the concentrate processing… production to produce manganese feedstock to convert to MnSO4 Stage 3 Establis
Slide 12: Electric Vehicle (EV) uptake accelerating
Electric Vehicle (EV) uptake accelerating… “…S-curve modelling, based on the EV growth so far and the lessons of other technology shifts, suggests EV sales will grow at least four-fold by 2030, and make up between 62 percent and 86 percent of global car sales in 2030…” RMI – Energy Transformed 2023
Slide 13: The EV battery industry is looking to Manganese
The EV battery industry is looking to Manganese… LMFP, LMNO and NMX cathode chemistries offer improved safety, higher energy density, reduced cost per KWh and greater supply chain flexibility US$/KWh Wh/Kg Reference: CRU Reference: Volkswagen, Stellantis, Tesla, CPM Group, Morgan Stanley Research, B
Slide 14: Manganese, the battery raw material supply chain solution
Manganese, the battery raw material supply chain solution… PDAC 2023 Keynote Speaker “…manganese (is) the single most critical mineral for batteries right now,” he said. “How many companies outside of China make manganese commercially for a battery right now? Which is the hottest metal for batteries
Slide 15: Low cost, efficient HPMSM process – significant improvements
Low cost, efficient HPMSM process – significant improvements… The Element 25 Process makes significant changes & improvements… Problems with Current Technologies • Large volumes of waste residues • Toxic Reagents • Inefficient • Higher Cost • Outdated processing technology Reagents/Cost Carbon Emiss
Slide 16: Targeting Zero Carbon Manganese – ESG is integral to our thinking
Targeting Zero Carbon Manganese – ESG is integral to our thinking • LCA covers Scope 1,2 and 3 emissions from mining through Global Warming Potential Existing producers often use high energy processes to the proposed USA-based HPMSM processing plant. like electrowinning and/or toxic reagents like fl
Slide 17: Design One Build Many
Stage 3 Expansion of Conversion Capacity – Multiple Plants Planned Japan & Korea EU EU & UK policy shifts are remain important competing with the IRA for region in terms of investment in battery and battery technology related plants and innovation First HPMSM Facility: Louisiana USA JP IRA is drivin
Slide 18: Proposed Production Plant
Proposed Production Plant Ore Storage Processing Train 2 Processing Train 1 Product storage and despatch - 18 -
Slide 19: Feasibility Study - compelling economics
Feasibility Study - compelling economics
Slide 20: Offtake & Financing – Stellantis & General Motors
Offtake & Financing – Stellantis & General Motors USD$30M equity prepay & USD$85M senior debt • Binding agreements signed for offtake and funding. • Binding agreements signed for offtake and funding. • Key commercial terms include: • Key commercial terms include: • Five (5) year HPMSM supply commitm
Slide 21: Project Financing Strategy – Building the Capital Stack
Project Financing Strategy – Building the Capital Stack Multiple funding pathways being actively negotiated: US$30M $15M Equity & $15M Prepay • US$115M secured through GM and Stellantis deals. Binding documents executed • Discussions in progress with other potential offtake partners. US$85M Senior d
Slide 22: Growth through ethical, strategic critical mineral supply
Growth through ethical, strategic critical mineral supply… Butcherbird Operational Plant Increasing Sustainable Manganese Mine Discipline Expansion Volumes Profits Measured Performance: Commodity: Coal Test date: 28 May 2010 Mine: BHP Douglas colliery Feed rate: 416tph Louisiana Ethical Ore Flowshee
Slide 23: Lake Johnston Project Summary
Lake Johnston Project Summary E25 is exploring for lithium in the Lake Johnston Greenstone belt of Western Australia. • Consists of one exploration licence 63/2027. • 450kms east of Perth. • Total project area of 136km² • Tenement covers +25 km strike of Lake Johnston Greenstone Belt. • Recent explo
Slide 24: Lake Johnston Competitor Activity
Lake Johnston Competitor Activity Significant exploration and corporate activity in the region • TG Metals Ltd • Recent high-grade spodumene lithium pegmatite discovered at the Burmeister Prospect. • MC increase from ~$6m to ~$60m in past 2 months • Charger Metals Ltd • High-grade Li within spodumen
Slide 25: Thank you
Thank you For more information, please contact Element 25 Limited: +61 8 6375 2525 admin@e25.com.au www.element25.com.au ASX:E25
Slide 26: Reserves and Resources
Reserves and Resources Maiden Ore Reserve1 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured and Proved 13.0 11.1 1.4 indicated resources to reserve. Probable 36.2 10.1 3.6 • Maiden Reserve only exploits Total 49.2 10.2 5.0 approximately 20% of global Global Mineral Resource
Slide 27: Competent Person's Statement
Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Justin Brown has sufficient exp