Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (February 2022)
20 slides from Anax Metals's investor presentation, Feb 22, 2022
Slide 1: Developing a Sustainable Copper Project in the Pilbara
Developing a Sustainable Copper Project in the Pilbara - with Gold and PGM Exploration Upside 80% interest in Whim Creek Copper-Zinc Project For personal use only ASX:ANX – February 2022 Whim Creek circa 1900
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pr
Slide 3: Company Strategy – Three Key Elements
COMPANY STRATEGY – THREE KEY ELEMENTS Anax - Leader in Ancient Greek For personal use only DELIVERY: EXPLORATION: DISCOVERY: Monetising advanced assets using Exploring for significant new gold Assessing opportunities to develop smart technology - Whim Creek discoveries at the Whim Creek other advanc
Slide 4: Copper in Demand – Exploiting Undeveloped Deposits
COPPER IN DEMAND – EXPLOITING UNDEVELOPED DEPOSITS Copper facts Major Australian copper deposits (Mt) The average home contains 180kg of For personal use only copper 80% of copper ever produced is still in use today An electric car contains about 5x more copper than equivalent ICE car China consumes
Slide 5: Milestone Achievements Since November 2020 Re-listing
MILESTONE ACHIEVEMENTS SINCE NOVEMBER 2020 RE-LISTING 1,2 • Re-listed and commenced • 80% Earn-in to Whim • Capital raise – $4.7M • Whim Creek Project For personal use only trading on ASX – $2M Creek Project complete – raised (69.5M shares @ Resources Copper Tonnes raised (66.7m shares @ further $50
Slide 6: Sustainable Pilbara Copper - Whim Creek
SUSTAINABLE PILBARA COPPER - WHIM CREEK Project Highlights1, 2 For personal use only SUSTAINABLE PILBARA Pre-production capital Free Cashflow of COPPER cost estimate of $55 $291M WITH EXPLORATION UPSIDE million US$20M Debt Funding ANX 80% / Develop 10,000-11,000 tpa Cu Global Limited 20% - Package f
Slide 7: Company Board and Management
COMPANY BOARD AND MANAGEMENT Anax Metals Board For personal use only CHAIRMAN - Phillip Jackson MANAGING DIRECTOR- Geoff Laing Barrister and solicitor with significant legal and Chemical Engineer, with 30 years in mining and project international corporate experience, specialising in the development
Slide 8: Capital Structure
CAPITAL STRUCTURE Total Shares on Issue Market Cap @0.09 Cash at Bank NTA (cash+ listed Enterprise Value For personal use only investments *) 400.4M $36.4M ~$ 9.3M* ~$ 11.8M ~$ 24.8M *Includes February 2022 placement *Includes February 2022 placement * Value of listed investments $2.5m 55% 55% 6% 6%
Slide 9: The Anax Flowsheet – Using Technology to Deliver a Robust Project
THE ANAX FLOWSHEET – USING TECHNOLOGY TO DELIVER A ROBUST PROJECT Open pit mining from developed pits – critical mass at Mons Cupri and For personal use only Whim Creek with significant underground “sweeteners” at Salt Creek and Evelyn Highest grades in the upper portion of the deposits VMS mi
Slide 10: Particle Sorting Technology
PARTICLE SORTING TECHNOLOGY - CHERRY PICKING TO DELIVER HIGH GRADE PRECONCENTRATE For personal use only Particle sorting and Gravity separation technology to recover high grade ore for High Grade flotation High Feed To Waste Grade Ore Concentrator Particle sorting to recover remaining metals for bio
Slide 11: Significant Additional Value Demonstrated in Updated Scoping Study
SIGNIFICANT ADDITIONAL VALUE DEMONSTRATED IN UPDATED SCOPING STUDY 1,2 Inclusion of Evelyn Deposit (potential open pit) Reduction in power cost due to switch from diesel generator to gas-fired power For personal use only Incorporating results from bio-leaching test work Base case zinc price
Slide 12: Whim Creek Copper-Zinc Project
WHIM CREEK COPPER - ZINC PROJECT 1,2 For personal use only Production Target (92% of which is in the Measured or Indicated Resource Category) that underpins mining and processing for a period of 5 to 7 years Particle sorters to upgrade ore with pre-concentrate to be processed through a 320ktpa c
Slide 13: Key Production/Financial Charts
KEY PRODUCTION/FINANCIAL CHARTS 1,2 Metal Production - tonnes of ctd Cu, Zn and Pb Quarterly Operating Cashflow 000'ts A$m For personal use only 14.0 40 400 375 12.0 35 350 325 30 300 10.0 25 275 250 8.0 20 225 200 15 175 6.0 150 10 125 4.0 100 5 75 0 50 2.0 25 -5 0 -25 0.0 -10 -50 Q1 Y1 Q2 Y1 Q3 Y1
Slide 14: The Anax Flowsheet – Carbon Reduction Through Technical Innovation
THE ANAX FLOWSHEET – CARBON REDUCTION THROUGH TECHNICAL INNOVATION For personal use only High grade deposits deliver lower carbon consumption per tonne of metal Particle sorting results in circa 50% reduction in material milled and dispatched to tailings - >22 MWh reduction in energy consumption
Slide 15: Whim Creek Project Development Update
WHIM CREEK PROJECT DEVELOPMENT UPDATE Key Upcoming Milestones Next Steps For personal use only FID Q3 Production Q2 2022 2023 Construction Q4 2022 15
Slide 16: Whim Creek Project - Exploration
WHIM CREEK PROJECT - EXPLORATION For personal use only Located in the highly prospective Archean granite- greenstone gold region of the Pilbara and encompassing the width of the Whim Creek Greenstone Belt, the Whim Creek Project is prospective for; - orogenic, structurally controlled gold - conglo
Slide 17: Whim Creek Project - Exploration
WHIM CREEK PROJECT - EXPLORATION For personal use only Anax has defined deep-seated structures bounding the tenure Airstrip to the northwest and southeast as the focus of exploration 3D structural modelling completed to enhance near-mine exploration Anax has completed its 2021 regional UltraFi
Slide 18: Whim Creek – Environmental Site Improvements
WHIM CREEK – ENVIRONMENTAL SITE IMPROVEMENTS For personal use only Whim Creek is subject to an Environmental Protection Notice (EPN) EPN Risks and site improvements were fully disclosed in the Company’s prospectus dated 18 September 2020 These works will facilitate site improvement, ultimately
Slide 19: Why Invest in Anax Metals?
Why Invest in Anax Metals? DELIVERY For personal use only Sustainable Pilbara Copper 10,000-11,000 tpa Cu (eq) production Pre-production capital cost estimate of $55 million Free Cashflow of $291M Debt Funding - US$20M from Anglo American (subject to the DFS) EXPLORATION Significant expl
Slide 20: Thanks
For personal use only Thanks Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au 20