Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Investor Presentation (July 2017)
22 slides from Prospect Resources's investor presentation, Jul 11, 2017
Slide 1: Summary of Arcadia Pre-Feasibility Study – Investor Presentation
Prospect Resources Limited Summary of Arcadia Pre-Feasibility Study – Investor Presentation For personal use only July 2017 Arcadia PFS Completed Lithium Chemical Plant PFS underway (ASX Code: PSC) Prospect Resources Limited (ASX:PSC) Investor Presentation, July 2017
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd (“Prospect Resources or the Company”) or its respective employees, agents or consultan
Slide 3: Corporate & Project Snapshot
Corporate & Project Snapshot Prospect Resources Limited (ASX:PSC) – Developing the Arcadia Lithium Deposit in Zimbabwe For personal use only Market Data Major Shareholders Shares Outstanding 1,594,128,296 Pershing Nominees 15.3% Market Capitalisation ($A) $37m BNP Paribas 9.8% Options 190,000,000 MB
Slide 4: Experienced Board & Management Team
Experienced Board & Management Team Hugh Warner - Executive Chairman Mr Warner holds a Bachelor of Economics from the University of Western Australia. He has broad experience as a public company For personal use only director, having been a director of a number of publicly listed companies involved
Slide 5: Senior Management & Advisors
Senior Management & Advisors Gavin Stephens – Africa CFO - Gavin Stephens, a Zimbabwean citizen, has been a registered Chartered Accountant (Zimbabwe) since For personal use only 1991. He has served as Financial Director to IMF Holdings (Pvt) Ltd and PPC Zimbabwe (Ltd), in each case for ten years, a
Slide 6: Project Location
Arcadia Lithium Project Location 35km East of Harare Mining friendly For personal use only jurisdiction Excellent access to infrastructure, including roads, rail, power and skilled labour <20km gravel road to sealed highway & railhead to Beira, 450km away Mining and Environmental Approvals
Slide 7: PFS Highlights
Arcadia PFS Highlights Study Criteria and Financial Outputs Basis and Variables Mineral Resource at 1 % Li2O Cutoff 34.9 Mt @ 1.42 % Li2O For personal use only Probable Ore Reserve 15.8 Mt @ 1.34 % Li2O & 125 ppm Ta2O5 • Maiden Ore Reserve of 15.8Mt @ Pit Inventory and Run of Mine (RoM) Diluted 23.7
Slide 8: Mineral Resources & Reserve Estimates
Arcadia Mineral Resources & Reserve Estimates Arcadia Lithium Deposit Ore Reserve Estimate (>1% Li2O)* For personal use only Tonnes Li2O Ta2O5 Ta2O5 Fe2O3 Category Li2O (t) (Mt) (%) (ppm) Mlbs (%) Proven 0 0 0 0 0 0 Probable 15.8 1.34 125 212,000 4.3 1.02 TOTAL 15.8 1.34 125 212,000 4.3 1.02 Arcadia
Slide 9: Project – CAPEX & OPEX
Arcadia Lithium Project – CAPEX & OPEX Area CAPEX (USD) CAPEX Mining $9 906 000 For personal use only Crushing and Screening $2 764 000 DMS $3 747 000 • Construction of 1.2Mtpa mine, Flotation $9 814 000 plant and infrastructure Filtration Drying Bagging $4 072 000 Reagents and Stores $4 062 000 est
Slide 10: Project – Processing & Logistics
Arcadia Lithium Project – Processing & Logistics • Extensive metallurgical testwork completed For personal use only • Total recoveries 71%, process optimisation continues • Simple open pit, and short haul to communition and process plant • Sufficient ground and surface water with grid power <3km awa
Slide 11: Financial Evaluation & Risk Assessment
Arcadia Financial Evaluation & Risk Assessment For personal use only NPV10 USDM Spodumene & Petalite Price CFR USD/t Realistic $500 $540 $600 $800 $1 000 Spodumene scenario $380 $400 $450 $550 $680 Petalite 115 % -$2 $43 $134 $360 $621 +15 % 105 % $62 $107 $198 $424 $685 +05 % • PFS pricing assumpti
Slide 12: Market/Sales/Chemical Plant
Arcadia Lithium – Market/Sales/Chemical Plant Lithium Market For personal use only • Lithium Market remains in supply deficit reflected in increases in lithium mineral and chemical prices • Arcadia is expected to be one of the early new suppliers of lithium to world markets Arcadia Sales Volumes • A
Slide 13: Project – Indicative Timeline to Production
Arcadia Lithium Project – Indicative Timeline to Production For personal use only Prospect Resources Limited (ASX:PSC) Investor Presentation, July 2017
Slide 14: Lithium Peer Comparison
Lithium Peer Comparison For personal use only Prospect Resources Limited (ASX:PSC) Investor Presentation, July 2017
Slide 15: Competent Persons Statements
Competent Persons Statements The information in this announcement that relates to Exploration Results, is based on information compiled by Mr For personal use only Roger Tyler, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and The South African Institute o
Slide 16: Competent Persons Statements
Competent Persons Statements The information in this study that relates to Ore Reserves is based on information compiled by or under the supervision For personal use only of Mr David Miller, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Mille
Slide 17: Prospect Resources Limited Contact
Prospect Resources Limited For personal use only Contact: Hugh Warner - Executive Chairman Suite 6, 245 Churchill Avenue, Subiaco, WA 6008 Phone: +61 8 9217 3300 Harry Greaves Executive Director Ph: +263 772 144 669 76 Clark Road, Bulawayo, Zimbabwe www.prospectresources.com.au Prospect Resources Li
Slide 18: Appendix
For personal use only APPENDIX Prospect Resources Limited (ASX:PSC) Investor Presentation, July 2017
Slide 19: Drilling Completed and current focus
Arcadia Lithium - Drilling Completed and current focus For personal use only • 255 holes drilled totalling >22 300 m completed to date • Infill drilling planned to upgrade Inferred Mineral resources to Indicated • Regional geochemical exploration program ongoing Prospect Resources Limited (ASX:PSC)
Slide 20: Dip Section
Arcadia Lithium - Dip Section For personal use only Prospect Resources Limited (ASX:PSC) Investor Presentation, July 2017
Slide 21: Project – Corporate Social Investment
Arcadia Lithium Project – Corporate Social Investment For personal use only • Prospect acquired surface rights to ~80 ha • Maize crops planted, first harvest due • Maize crops produced will directly support the local community with respect to food and employment Prospect Resources Limited (ASX:PSC)
Slide 22: Project Timeline
Arcadia Lithium Project Timeline June 2017: Pre Feasibility For personal use only 3Q 2017 Study Complete Board decision to Dec 2016: develop 4Q 2018 Scoping Study Li & Ta concentrate Complete Production 4Q 2019 Oct 2016: Chemical Plant Maiden JORC Production Resource July 2016: Drilling Commences Pr
Prospect Resources — Investor Presentation (July 2017) on 6ix