Pls Group Limited · ASX:PLS
Pls — Q2 FY2019 Earnings Presentation
15 slides from Pls's earnings presentation, Jan 25, 2019
Slide 1: Pilgangoora: a world class lithium and tantalum project
Pilgangoora: a world class lithium and tantalum project Ken Brinsden, Managing Director/CEO December Quarterly Results Presentation 25 January 2019 ASX: PLS ACCESS THE QUARTERLY INVESTOR, ANALYST AND MEDIA WEBCAST HERE: https://webcasting.boardroom.media/broadcast/5c3e977a0c2bd45e09d6de1e
Slide 2: Important Notices and Competent Persons Statement
Important Notices and Competent Persons Statement Not an Offer of Securities This document has been independently prepared by Pilbara Minerals Limited (“Pilbara”) and is dated 25/01/2019. This document is provided for informational purposes and does not constitute or contain an offer, invitation, so
Slide 3: Important Notices and Competent Persons Statement
Important Notices and Competent Persons Statement Not Financial Product Advice This document does not constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of factual information and does n
Slide 4: Highlights December Quarter 2018
Highlights December Quarter 2018 Pilgangoora Lithium-Tantalum Project: from first drill hole to production in under four years • Landmark first shipment of +6% spodumene concentrate 8,800wmt • Quarterly sales 46,682dmt spodumene concentrate with weighted average grade of 6.11% Li2O and 1.27% Fe2O3an
Slide 5: Production and sales
Production and sales The commencement of product sales was the highlight of the Quarter. Production and sales Units Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Direct Shipping Ore wmt - - 145,974 205,766 02 (DSO) sold Spodumene dmt - - - 11,0151 47,859 concentrate produced (6% Li20) Spodumene dmt - - -
Slide 6: Process plant throughput – strong ramp-up
Process plant throughput – strong ramp-up Process plant throughput performance continues to exceed expectations during production ramp-up, achieving 94% of design capacity in December. Plant throughput (ore, wmt) 180,000 100% 160,000 (167kt/mth) 140,000 Monthly Plant Throughput (wmt) 120,000 100,000
Slide 7: Concentrate production – strong ramp-up
Concentrate production – strong ramp-up Process plant throughput performance, combined with improving recovery to product drives strong concentrate production growth. Spodumene concentrate production (dmt) 30,000 70,000 60,000 50,000 20,000 40,000 30,000 10,000 • A total of 58,900dmt (dry 20,000 met
Slide 8: Product quality – consistently high
Product quality – consistently high Processing plant delivers high quality product during commissioning and now production ramp-up • Consistent high quality product grades achieved. Tonnes-weighted average grade (six lots across four shipments): • 6.11% Li20 • 1.27% Fe2O3 • Independent test certific
Slide 9: Recovery – continued improvement
Recovery – continued improvement Lithia recovery continues to improve during processing plant ramp-up to name-plate capacity • Continued improvement in lithia recovery • Additional capital optimisations to improve water quality management Lithia recovery, actual vs design (% lithia) 80 70 60 50 Post
Slide 10: Corporate update
Corporate update Customer financing and strengthening Pilbara Minerals’ position in the rapidly developing Korean lithium ion battery were highlights of the quarter Financing package Stage 2, 5Mtpa ($231M expansion) • US$25 million pre-payment from Great Wall Motor Company (terms agreed) • A$50 mill
Slide 11: Global lithium chemicals pricing
Global lithium chemicals pricing Lithium carbonate ex-works domestic China Lithium hydroxide ex-works China Source: FastMarkets MB China domestic pricing in 2018 Lithium carbonate cif China, Japan and Korea Lithium hydroxide cif China, Japan and Korea impacted by; - Central Government EV/Battery sub
Slide 12: Exceptional growth opportunity
Exceptional growth opportunity A clear expansion pathway to meet customer growth requirements STAGE 1: 2MTPA STAGE 2: 5MTPA STAGE 3: UP TO 7.5MTPA STAGE: Operations STAGE: DFS and FID complete STAGE: Proposed STATUS: Strong production STATUS: Financing completion STATUS: Evaluation growth and regula
Slide 13: Pilgangoora is set for a bright future
Pilgangoora is set for a bright future Securing Pilbara Minerals’ position as one of the largest, lowest cost lithium- tantalum producers in the world is the focus of 2019 OPTIMISATION Continue Stage 1 optimisation works to achieve name-plate capacity, including design plant utilisation and lithia r
Slide 14: What sets us apart?
What sets us apart? A low cost, long life and high quality operation makes Pilgangoora one of the best lithium raw material projects in the world - High grade lithium resources Low cost - Valuable tantalum bi-product - Significant project size and processing capacity - Stage 2, 5Mtpa, 23 year mine l
Slide 15: ASX: PLS pilbaraminerals.com.au
ASX: PLS pilbaraminerals.com.au