Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Diggers and Dealers Mining Forum 2024
25 slides from Wa1 Resources's conference presentation, Aug 5, 2024
Slide 1: Luni Niobium Deposit - Diggers and Dealers Mining Forum
For personal use only Luni Niobium Deposit DIGGERS AND DEALERS MINING FORUM WEST ARUNTA PROJECT A ONCE IN A GENERATION NIOBIUM DISCOVERY AUGUST 2024
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Not an offer: This presentation and its contents are not an invitation, offer, solicitation or Ltd (WA1, the Company) to provide general information about the Company. The recommendat
Slide 3: West Arunta Project
WEST ARUNTA PROJECT Luni niobium deposit discovered in 2022 and is located in Western Australia For personal use only 100% owned by WA1 A$100M in cash to advance key project workstreams Strong share register of long-term institutional investors Highly qualified management team with over 10 years of
Slide 4: Luni Mineral Resource
LUNI MINERAL RESOURCE1 ▪ Drilling has focused on defining a shallow enriched blanket of high-grade niobium mineralisation ▪ Over 250 holes have been drilled at Luni, with ongoing resource drilling to better define high-grade For personal use only zones and increase resource confidence ▪ The Mineral
Slide 5: Luni Mineral Resource
LUNI MINERAL RESOURCE1 ▪ Inferred Mineral Resource estimate (MRE) contains world-class grade and scale: 2.1% ▪ 200 Mt @ 1.0% Nb2O5 For personal use only ▪ The MRE contains a significant high-grade subset of: ▪ 53 Mt at 2.1% Nb2O5 ▪ Deposit characteristics indicate Luni may be amenable to low-cost op
Slide 6: Niobium in Steelmaking
NIOBIUM IN STEELMAKING1 ▪ The first steel with niobium as a micro-alloy was produced in 1959 ▪ Niobium refines the microstructure of steel through a process known For personal use only as grain refinement, which: ▪ Increases strength and toughness INCREASED INCREASED SAFETY ▪ Maintains formability W
Slide 7: 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 For personal use only ▪ The carbonatite complex is circular in shape with an average grade of 2.5% Nb2O5 within its shallow h
Slide 8: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF KEY NIOBIUM PRODUCERS1 (Nb2O5) GLOBAL PRODUCTION2 2.5% For personal use only 100 Ferroniobium production eq. (ktpa) 80% OF GLOBAL SUPPLY 75 50 1.0% 0.4% 25 - CBMM CMOC NIOBEC 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Canadian mine St Brazilian mi
Slide 9: Ferroniobium Demand
FERRONIOBIUM DEMAND NIOBIUM DEMAND BY TYPE1 ▪ Global ferroniobium production is approximately 105ktpa and For personal use only sells for ~US$30,000/t1 ▪ Micro-alloyed steels using OIL & GAS STRUCTURAL niobium increase the efficiency PIPELINES of the steel industry ▪ Strength improvements allow ligh
Slide 10: The Only Replacement for Steel is Better Steel
THE ONLY REPLACEMENT FOR STEEL IS BETTER STEEL For personal use only MARINA BAY SANDS - SINGAPORE OPTUS STADIUM - PERTH ZUN TOWER - CHINA1 130,000t total steel used in construction Adding 0.02% Nb to steel componentry resulted in a total steel saving of 12,000t Utilised 40t of FeNb 65% costing US$1.
Slide 11: Niobium Oxide Demand
NIOBIUM OXIDE DEMAND ▪ Niobium oxide is predominately NIOBIUM DEMAND BY TYPE3 produced through additional For personal use only treatment applied to refined ferroniobium1 NIOBIUM OXIDE 12% ▪ Key established and high-growth markets include2: AEROSPACE SUPERCONDUCTORS ▪ Superconductive magnets and cap
Slide 12: Niobium Oxide Demand – Batteries
NIOBIUM OXIDE DEMAND – BATTERIES NIOBIUM BATTERY TECHNOLOGY NIOBIUM BATTERY LEADERS • Up to 10x longer life than traditional batteries – For personal use only significantly reducing e-waste1,2 • Ultra-fast charging – full charge in 6 minutes or less2 • Increased stability – up to 20,000 fast charge
Slide 13: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION Diverse global customer base in developed jurisdictions FeNb supply1 For personal use only FeNb demand2 CANADA 8% Listed as critical3 EUROPE 20% NORTH AMERICA 18% JAPAN S. KOREA CHINA 13% 35% Identified by many countries as a critical mineral due to 11% supply concentrati
Slide 14: The Most Significant Niobium Discovery in More Than 70 Years
THE MOST SIGNIFICANT NIOBIUM DISCOVERY IN MORE THAN 70 YEARS AND ONE OF THE WORLD’S MAJOR For personal use only CRITICAL MINERALS DEPOSITS 14 |
Slide 15: Niobium Industry Flowsheets
NIOBIUM INDUSTRY FLOWSHEETS1 1 2 3 INTERMEDIATE STEPS CONVERSION TO BENEFICIATION (Pyrometallurgy or FERRONIOBIUM For personal use only Hydrometallurgy) (Pyrometallurgy) 53% Unoptimised Rec’y Future testwork Crushing & Grinding Future Programs Future Programs programs will provide an LUNI LOCK CYCLE
Slide 16: Initial Flotation Results for Luni
INITIAL FLOTATION RESULTS FOR LUNI1 SIMPLIFIED BENEFICIATION TESTWORK FLOWSHEET GRADE-RECOVERY CHART OF KEY OPEN CYCLE AND LOCKED CYCLE TESTS 100 Phosphate Luni Core Crushing and Phosphate 90 Desliming Flotation For personal use only Sample Grinding Concentrate (Stage 1) Open cycle concentrate (4th
Slide 17: Key Project Workstreams
KEY PROJECT WORKSTREAMS Process Testwork Environmental For personal use only Drilling Metallurgical, infill and extensional Optimisation and variability Baseline surveys and drilling underway testwork is ongoing studies underway Logistics Water Power Solution Multiple transport corridors Potential b
Slide 18: Community Engagement
COMMUNITY ENGAGEMENT For personal use only PRIORITISE OUR RELATIONSHIPS TO MANAGE, ASSISTING WITH LOCAL COMMUNITY PROACTIVE AND OPEN ENGAGEMENT PROTECT AND PRESERVE CULTURAL PROJECTS WITH TRADITIONAL OWNERS HERITAGE 18 |
Slide 19: Key Infrastructure Established for Exploration and Development
KEY INFRASTRUCTURE ESTABLISHED FOR ONGOING EXPLORATION AND DEVELOPMENT ACTIVITIES For personal use only 19 |
Slide 20: Leadership Team
LEADERSHIP TEAM PROJECT CORPORATE AND KEY ADVISORS GEOLOGY Lucas Stanfield, Project Manager Tom Hunter, GM Corporate & Finance Stephanie Wray, GM Exploration & Geology For personal use only ▪ Experienced mining engineer with more than two decades ▪ Chartered Accountant with 15+ years professional an
Slide 21: Corporate Snapshot
CORPORATE SNAPSHOT PRO-FORMA CAPITAL STRUCTURE EXISTING REGISTER COMPOSITION3 SHARE PRICE (2 AUGUST 2024) A$15.13 For personal use only SHARES ON ISSUE (PRO-FORMA)2 64.9M 17% OPTIONS1 AND PERFORMANCE RIGHTS 3.9M 24% BOARD AND MANAGEMENT MARKET CAP (UNDILUTED) A$981M TALI RESOURCES 13% CASH (PRO-FORM
Slide 22: Advancing the West Arunta Project to Unlock Stakeholder Value
ADVANCING THE WEST ARUNTA PROJECT TO EFFICIENTLY UNLOCK STAKEHOLDER VALUE Near-term Deliverables P2 carbonatite For personal use only Ongoing flotation variability Pachpadra targets testing across Luni Arunta belt Process flowsheet development Madura project INITIAL UPGRADE KEY FOCUSED METALLURGICAL
Slide 23: Advancing an Essential Critical Mineral Project
For personal use only ADVANCING AN ESSENTIAL CRITICAL MINERAL PROJECT FOR THE CONSTRAINED, HIGH-VALUE NIOBIUM MARKET Investors Product Marketing Media Paul Savich Gustavo Macedo Michael Vaughan Managing Director Niobium Marketing Advisor Fivemark Partners WA1 Resources Ltd E: psavich@wa1.com.au E: g
Slide 24: Appendix A - References and Notes
APPENDIX A - REFERENCES AND NOTES SLIDE 3 SLIDE 12 1. For full details refer to WA1 website and previous ASX announcements 1. 1,500 charge cycle life of Tesla Model 3 from <https://www.motortrend.com/features/how-long-does-a-tesla-battery- last/#:~:text=Tesla%20CEO%20Elon%20Musk%20also,miles%20for%2
Slide 25: Appendix B – Mineral Resource & Competent Person Statement
APPENDIX B – MINERAL RESOURCE & COMPETENT PERSON STATEMENT Tonnes Nb₂O₅ (%) Nb₂O₅ (kt) P₂O₅ (%) P₂O₅ (kt) For personal use only (Mt) Inferred 200 1.0 1,900 8.8 17,000 1. Mineral Resources are classified and reported in accordance with JORC Code (2012). Competent Person Statements: 2. The effective d
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