Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (April 2024)
27 slides from Anax Metals's investor presentation, Apr 16, 2024
Slide 1: Whim Creek – Sustainable Copper Production & Processing Hub in the Pilbara
- WHIM CREEK – For personal use only SUSTAINABLE COPPER PRODUCTION & PROCESSING HUB IN THE PILBARA ASX:ANX – April 2024
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: Anax Metals Company Strategy
ANAX METALS COMPANY STRATEGY Technology driven development and growth For personal use only DELIVERY Delivering shareholder value through developing and consolidating advanced assets using innovative technology – The Whim Creek Copper Hub DISCOVERY Assessing opportunities to develop and consolidate
Slide 4: Anax Metals Near Term Value Drivers
ANAX METALS NEAR TERM VALUE DRIVERS WHIM CREEK PROJECT: Fully Permitted & Established Mine site with Potential For near term Copper Production For personal use only $410M PROJECT FREE CASHFLOWS + RESOURCE GROWTH POTENTIAL Heap leach delivers 20% increase in cashflows $340M (DFS) to > $410M Coppe
Slide 5: Whim Creek Copper – Growth Driven by an Electric Future
WHIM CREEK COPPER – GROWTH DRIVEN BY AN ELECTRIC FUTURE 40% of future demand growth is from green technologies 18 CAGR For personal use only 16 14 Electric Vehicles 15% a year Total Incremental Consumption (Mt) 12 10 Offshore Wind 10% a year 8 6 4 Solar Power 4% a year 2 0 Source: Wood Mackenzie res
Slide 6: The Copper Supply Challenge & the Whim Creek Opportunity
THE COPPER SUPPLY CHALLENGE & THE WHIM CREEK OPPORTUNITY CHALLENGE OPPORTUNITY For personal use only A shortage of quality projects ready for Rapid, cost-effective brownfields development development Increasingly stringent ESG requirements Permitted infrastructure in premier mining Once ‘nice to hav
Slide 7: Copper Mining Pilbara Whim Creek Project
For personal use only COPPER MINING PILBARA WHIM CREEK PROJECT 7
Slide 8: Whim Creek Project Highlights – Combined DFS and Bioleach Study
WHIM CREEK PROJECT HIGHLIGHTS – COMBINED DFS and Bioleach Study 1, 2 , 3, 4 $410M in Project Cashflows from the production of copper zinc lead concentrates and copper cathode and ZnSO4 crystal For personal use only Free Cashflow of A$71M Pre-Production Capex NPV7: $270M $410m A$15M Working Capital I
Slide 9: Whim Creek – A Permitted and Established Mining Site
WHIM CREEK – A PERMITTED AND ESTABLISHED MINING SITE Whim Creek Overview Location 120 km from Port Hedland and Karratha For personal use only Mineralisation VMS Site Haul Roads, Workshops, Offices, Bore Infrastructure field, Crushing Plant, Heap and Ponds, SX and EW plants, Power-house and Gas Spur
Slide 10: Whim Creek – Facilities
WHIM CREEK – FACILITIES 1 A Processing Hub With Sorting, Concentrator And Heap Leach Facilities For personal use only Haul Road to Mons Cupri Crushing and Ore Sorter plant Concentrator Heap SX-EW Plant Powerhouse W-drains Offices Workshops Raw Water Pond Process Ponds Overflow ponds 1. ASX announcem
Slide 11: Whim Creek Project Financial & Economic Outcomes
WHIM CREEK PROJECT FINANCIAL & ECONOMIC OUTCOMES DFS + Bioleaching Scoping Study METRIC UNIT OUTCOME Net Revenue (net of TCs and Royalties) $M (LOM) 1079 For personal use only Operating costs $M (LOM) 628 Operational cashflow $M (LOM) 451 Free cash (pre-finance, pre-tax) $M (LOM) 340 IRR % 54% Cashf
Slide 12: Growth Whim Creek
For personal use only GROWTH WHIM CREEK 12
Slide 13: Evelyn Growth Potential
EVELYN GROWTH POTENTIAL 1,2 For personal use only Longhole Open Stoping (bottom-up) at 20 m level spacings, unconsolidated backfill 2.5 year mine life Production Target (Indicated + Inferred) of 583Kt Reserve (Ind. only) of 0.5Mt @ 2.11% Cu, 3.32% Zn, 34 g/t Ag and 0.88 g/t Au Open down pl
Slide 14: Salt Creek Growth Potential
SALT CREEK GROWTH POTENTIAL 1 Underground – Salt Creek For personal use only Salt Creek UG Design Modified Avoca mining method at 20 m level spacings, unconsolidated backfill, 3-year mine life Production Target (Indicated + Inferred) of 962Kt @ 1.34% Cu, 5.40% Zn, 1.85% Pb, 45 g/t Ag and 0.27 g/
Slide 15: Whim Creek Processing Hub
WHIM CREEK PROCESSING HUB Centre Of The Pilbara Base Metals Province Planned and existing For personal use only Infrastructure is ideally suited for a regional processing hub Whim Creek will have the facilities to treat oxide, transitional and primary sulphide ores from surrounding orebodies R
Slide 16: Consolidation Benefits
CONSOLIDATION BENEFITS Whim Creek - fully permitted site with near-term production For personal use only potential Whim Creek has the unique ability to treat primary and secondary ore (mitigating metallurgical risk) Low Capex development option by using concentrator and heap Tailings disposa
Slide 17: Whim Creek Exploration
For personal use only WHIM CREEK EXPLORATION 17
Slide 18: Whim Creek Exploration
WHIM CREEK EXPLORATION Located in highly prospective Archean granite- greenstones of the Pilbara region, encompassing the width of the Whim Creek Greenstone Belt For personal use only Near mine extensions to known copper-zinc-lead resources remain underexplored Pegmatites at Whim Maar and betw
Slide 19: Corporate and ESG
For personal use only CORPORATE AND ESG 19
Slide 20: Capital Structure
CAPITAL STRUCTURE Share Price Market Capitalisation Top Shareholders For personal use only $0.028 $16.5M (on 12 April 2024) INSTITUTIONAL AND HNW 44.98% 43.47% DIRECTORS Shares On Issue Cash 11.27% 591.3M ~ $1.8m RETAIL (including tranche 2 of recent placement) (pro-forma at 31 Dec 2023, plus $1.75
Slide 21: Board of Directors
BOARD OF DIRECTORS PHILLIP JACKSON Barrister and solicitor with significant legal and international corporate experience, specialising in the areas of commercial and contract law, mining (Barrister and Solicitor) and energy law and corporate governance. He has been a Director and For personal use on
Slide 22: Management Team
MANAGEMENT TEAM JENINE OWEN Jenine joined Anax in 2020, where she is responsible for corporate risk For personal use only (BCompt, CAANZ, GAICD) management, financial management and financial reporting. She is a Chartered Accountant with extensive finance and commercial experience, Chief Financial O
Slide 23: ESG
ESG For personal use only ENVIRONMENTAL SOCIAL GOVERNANCE Anax is actively pursuing a low carbon development strategy for Whim Creek by building Ore-sorting and Bioleaching into mining operations: Strong community involvement Experienced and diverse board Ore sorting generates three products:
Slide 24: Appendices
For personal use only APPENDICES 24
Slide 25: Appendix 1: Resources and Reserves
Appendix 1: RESOURCES AND RESERVES RESERVES Ore Cu Zn Pb Ag Au Classification Deposit Mt % % % ppm ppm For personal use only Mons Cupri 1.06 1.46 1.58 0.68 38 0.28 Proven Sub-total 1.06 1.46 1.58 0.68 38 0.28 Mons Cupri 1.49 0.83 1.08 0.47 23 0.14 Whim Creek 0.72 1.54 1.14 0.15 7 0.06 Probable Evely
Slide 26: Appendix 3: Source Documents (Whim Creek Processing Hub)
Appendix 3: SOURCE DOCUMENTS (WHIM CREEK PROCESSING HUB) Company Name Source Documents Sabre Resources https://www.asx.com.au For personal use only Artemis Resources: https://wcsecure.weblink.com.au • Whundo https://www.asx.com.au • Munni Hondo • Whundo Ayshia https://www.alienmetals.uk https://www.
Slide 27: Contact
For personal use only 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 27