Aterian Plc · LSE:ATN
Aterian — Investor Presentation (November 2022)
31 slides from Aterian's investor presentation, November 2022
Slide 1: Unlocking the Potential of Critical & Strategic Metals in Africa
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Unlocking the Potential of Critical & Strategic Metals in Africa Corporate Presentation H2 2022 LSE : ATN Private & Confidential 1
Slide 2: Disclaimer
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Disclaimer Management Team The information contained in this confidential document (“Presentation”) has been prepared by Aterian plc (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. This P
Slide 3: Overview
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Management Team Overview Ethical exploration, Large portfolio of critical and strategic Recent Move to a Standard Listing metals in Morocco and Rwanda on the LSE for greater liquidity and development and trading shareholder reach of critical and strategic
Slide 4: Critical & Strategic Metals
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Critical & Strategic Metals Critical and strategic raw material production and their supply is economically and strategically important globally ESSENTIAL FOR A GREEN FUTURE Secure and sustainable supply required by critical and strategic sectors, such as
Slide 5: Management Team
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Management Team CHARLES BRAY SIMON ROLLASON KASRA PEZESHKI DEVON MARAIS ALISTER HUME Chairman CEO & Director Non-Executive Director Non-Executive Director Non-Executive Director Experience primarily focused in Simon has 30 years of international Kasra is t
Slide 6: Corporate Structure
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Corporate Structure Aterian Plc 100% Eastinco ME Ltd (UK) 100% 100% Aterian Resources Ltd • Holds a Metal Trading Licence Eastinco Ltd (UK) • iTSCI application in progress (Rwanda) 100% Atlantic Minerals Ltd 70% Kinunga Mining Ltd (Seychelles) HCK JV • 2,7
Slide 7: Management ESG & ECR Team
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Management ESG & ECR Team We believe it is our corporate responsibility to deliver returns by being a responsible investor. Integrating ESG matters into our investment decision-making process and active ownership practices are important elements to being a
Slide 8: Morocco
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Morocco Aterian PLC 8
Slide 9: Morocco – a Tier-1 Investment Destination
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Morocco – a Tier-1 Investment Destination LARGE PORTFOLIO ESTABLISHED MINING INDUSTRY SUPPORTIVE GOVERNMENT 762 Attractive mining code and strong governmental 15 2nd 70%+ backing behind a developing mining industry Aterian km² largest of Africa’s Prospecti
Slide 10: Morocco – Strong Copper-Silver Portfolio
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Morocco – Strong Copper-Silver Portfolio 15 highly prospective exploration projects in Morocco Primarily targeting Cu in addition to Ag, Sn, Zn, Pb, and Au Most projects are located close to historic and ongoing mining operations Projects located primarily
Slide 11: Work Plan - Advance and Develop 3 Key Copper Projects
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Work Plan - Advance and Develop 3 Key Copper Projects Located in the western Anti-Atlas (part of the Anti-Atlas mountain chain) and is host to numerous world class mineral deposits, including: • Imiter Ag mine (131 Moz at 500g/t Ag) • Bouazzer Co mine (16
Slide 12: AGDZ – Strong Copper & Silver Potential
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES AGDZ – Strong Copper & Silver Potential Land package of 34.36 km² located in the prospective Eastern Anti-Atlas of Morocco Mapping, rock chip sampling, ground geophysics and reconnaissance trenching completed to date Located in an active mining district 14
Slide 13: AGDZ – Silver-Copper Potential
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES AGDZ – Silver-Copper Potential Aterian PLC 13
Slide 14: AGDZ – Known Copper-Silver Prospects
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES AGDZ – Known Copper-Silver Prospects Strong structural control on copper and silver mineralisation in brittle wrench fault system Hydrothermal alteration packages up to 33m wide (chlorite-silica-iron-adularia-k feldspar-clay) Copper hydroxides dominant at
Slide 15: Rwanda
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Rwanda Aterian PLC 15
Slide 16: Rwanda – The Home of Critical & Strategic Metals
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Rwanda – The Home of Critical & Strategic Metals 16% of global Eastinco holds tantalum >3,000ha ONE OF THE WORLD’S LARGEST production prospective PRODUCERS OF TIN, TUNGSTEN AND from Rwanda ground for TANTALUM (2020) critical & strategic 3 metals (2021) Hig
Slide 17: Rwanda – A Near-Term and Low-Cost Opportunity
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Rwanda – A Near-Term and Low-Cost Opportunity Near-term revenues from Mine Development and Trading to fund future exploration – An integrated, sustainable business model STRATEGY GROWTH MODEL Project pipeline growth through: Focus on LOW COST/LOW CAPEX and
Slide 18: Rwanda – Southern Tantalum Zones
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Rwanda – Southern Tantalum Zones 2 JV’s with projects covering 3,150 22 pegmatite occurrences, areas are hectares in southern Rwanda not fully explored and more discoveries anticipated Highly prospective region for rare metal pegmatites and magmatic- Evide
Slide 19: HCK JV – Targets Ready for Evaluation
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES HCK JV – Targets Ready for Evaluation Recent work extends HCK-1 pegmatite strike from 650 m following a NW trending ridge to c.1,500 m Unreported sampling by JV partner confirms presence of tantalum mineralisation Up to 80 m wide in places , subvertically
Slide 20: Dynasty JV – Targets defined
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Dynasty JV – Targets defined 400 Hectare licence adjacent to HCK JV 4 key zones of tantalum-bearing pegmatite identified to date Multiple pegmatites at each zone with thin overburden cover Potential for multiple mineralised systems of rare metal-hosting pe
Slide 21: Kuaka JV – Musasa Project
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Kuaka JV – Musasa Project Upside through additional evaluation 85% JV and Operating Agreement No previous mechanical mining or modern processing Over 200 small artisanal workings, some extending to +80m depth 5 main target zones identified. Initial target
Slide 22: Musasa Project – The Opportunity
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Musasa Project – The Opportunity Majority of Capex already commited and spent Application to expand mining area from 50 Ha to 400 Ha submitted Team already gained experience on-site, having assembled wash plant during recent Covid-19 lockdown Processing co
Slide 23: Summary
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Summary Aterian PLC 23
Slide 24: Summary
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Summary NEW MOROCCAN Cu-Ag (+ POLY-METALLIC) PROJECTS ACQUIRED AFRICA WILL PLAY A KEY Multi-commodity & multi-jurisdiction ROLE IN DELIVERING LARGE PORTFOLIO A GREEN FUTURE Opportunity for investors to participate in multiple discoveries RECENT MOVE TO THE
Slide 25: Contacts
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Contacts Aterian plc 27-28 Eastcastle Street, London W1W 8DH, United Kingdom charles.bray@aterianplc.com simon.rollason@aterianplc.com www.aterianplc.com Aterian PLC 25
Slide 26: Appendices
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Appendices Aterian PLC 26
Slide 27: Appendix: Copper – Positive Long-Term Outlook
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Appendix: Copper – Positive Long-Term Outlook FUNDAMENTAL Use in energy generation, transmission infrastructure, energy storage, construction, telecoms Global Copper Production and Primary Demand and automobile manufacturing DEMAND Cu price reached all tim
Slide 28: Appendix: Greener Metals
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Appendix: Greener Metals ROAD TO DECARBONISATION • Growth in renewable energy and electric vehicle sectors needed to reduce greenhouse gas emissions. • New green sectors extremely mineral intensive, relying on a small number of key metals. • Mining compani
Slide 29: Appendix: AGDZ – Miniere Prospect Historic Mining
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Appendix: AGDZ – Miniere Prospect Historic Mining Aterian PLC 29
Slide 30: Appendix: AGDZ – Amzwaro & Makarn Prospects
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Appendix: AGDZ – Amzwaro & Makarn Prospects Aterian PLC 30
Slide 31: Appendix: Musasa Project – Gravity Separation Wash Plant
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Appendix: Musasa Project – Gravity Separation Wash Plant Wash plant feeding Wash trommel River pump station Separation spirals Duplex jigs Shaking tables Table concentrate Concentrate recovery Aterian PLC 31