Boab Metals Ltd · ASX:BML
Boab Metals — Investor Presentation (August 2022)
28 slides from Boab Metals's investor presentation, Aug 1, 2022
Slide 1: Sorby Hills Lead-Silver Project
For personal use only Sorby Hills Lead-Silver Project Delivering Metals for a Sustainable Future August 2022
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Compliance Statement For personal use only Certain statements in the presentation are or may be “forward-looking statements” and The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore represent the Company’s intentions, projections
Slide 3: Investment rationale
For personal use only Investment rationale The Proven Battery Metal Pb Lead The primary component of the 12V batteries found in traditional and electric vehicles. The Most Conductive Metal on Earth Ag Silver Ideal metal for use in solar cells and the electronic components of electric vehicles. Austr
Slide 4: Corporate summary
For personal use only Corporate summary Capital structure (28 July 2022) Share Price History Share Price Debt 9.0 0.9 Volume (million shares) 8.0 0.8 A$0.21/ share Nil Share Price (A$/share) 7.0 0.7 6.0 0.6 Shares on Issue Cash 5.0 0.5 153 million shares A$6.4million (30 June 2022) 4.0 0.4 3.0 0.3 M
Slide 5: Sorby Hills Lead-Silver Project
For personal use only Sorby Hills Lead-Silver Project Boab Metals Limited ASX:BML
Slide 6: Sorby Hills Project highlights
Sorby Hills Project highlights Australia’s largest undeveloped, near- For personal use only surface Lead-Silver-Zinc deposit ✓ 75%/25% Joint Venture ✓ Granted mining tenements Partnership with China’s largest covering 4,157Ha or 41.6 km2 Lead smelter and Silver producer. ✓ Port Access agreement exec
Slide 7: PFS highlights
PFS highlights The Sorby Hills PFS (Aug 2020) outlined a technically robust project with impressive economics For personal use only The PFS highlights the low-risk nature of the Sorby Hills Project with a well-defined large-scale Mineral Resource, conventional crush-mill-float processing circuit, hi
Slide 8: Low-risk Project with significant scope for growth
Low-risk Project with significant scope for growth A low-risk Mine Plan underpinned by 92% Conventional processing route producing a For personal use only Ore Reserves high-quality concentrate • PFS adopted a Single stage crush and semi-autogenous grinding Ore Pb (%) Pb (kt) Ag (g/t) Ag (Moz) (SAG)
Slide 9: Updated High quality Mineral Resource estimate
Updated High quality Mineral Resource estimate 14% Increase in Measured and Indicated Resource versus PFS Resource 78% increase in Measured Resources versus PFS Resource For personal use only Excluded from Sorby Hills PFS Mine Plan A’ Image: Long section looking west through the Sorby Hills Resource
Slide 10: Significant Resource upside potential
Significant Resource upside potential High grade intercepts on the western margin at Beta provide scope for extension of the mineral resource For personal use only • Phase VI drilling program underway and will include 31 RC drill holes (+3,700m) • Key objectives of the program include: o Facilitatin
Slide 11: Regional exploration potential
Regional exploration potential For personal use only Eight Mile Creek - Exploration Licence E80/5317 Exploration Tenements 100% owned by Boab Metals covering 206 km2 of relatively underexplored tenure immediately south of Sorby Hills. • 30 km of along-strike geology highly prospective for deposits s
Slide 12: Enhanced metallurgical recoveries
Enhanced metallurgical recoveries Comprehensive DFS metallurgical results to deliver uplift in metal recovery across the life of mine For personal use only • Comprises testwork undertaken on some 1,420kg of new diamond core split into Variability Samples and Master Composites covering each deposit,
Slide 13: Sorby Hills – Cleaner Power Solution
Sorby Hills – Cleaner Power Solution Ord River Hydroelectric Plant to deliver Cleaner and Cheaper Power to the Sorby Hills Project For personal use only Heads of Agreement – Key Terms • Heads of Agreement executed with Horizon Power with respect to a future Power Purchase Agreement for Sorby Hills.
Slide 14: Sorby Hills - Port Access Agreement
Sorby Hills - Port Access Agreement Port Access Agreement secures path to market for Sorby Hills concentrates For personal use only Access Agreement – Highlights • Agreement for Access and Stevedoring Service executed with Cambridge Gulf with respect to Wyndham Port. • Term extending to April 2034 w
Slide 15: Sorby Hills Definitive Feasibility Study
Sorby Hills Definitive Feasibility Study Updated Mineral Resource Estimate For personal use only ✓ 14% increase in Measured and Indicated Resources versus the PFS including 78% increase in Measured Resources with significant upside potential. Enhanced Metallurgical Recoveries ✓ Results reveal separa
Slide 16: Sorby Hills - Offtake and Project Financing
Sorby Hills - Offtake and Project Financing Advanced progress toward securing binding offtake and project finance for Sorby Hills For personal use only Offtake Agreements • Competitive tender for Boab’s share of the Sorby Hills concentrate Sorby Hills project financier site visit nearing conclusion.
Slide 17: Sorby Hills JV Partnership
Sorby Hills JV Partnership For personal use only Boab (75% interest) Henan Yuguang Gold and Lead Co., Ltd (25% contributing interest) • Yuguang Gold and Lead Co., Ltd (“Yuguang”) is the largest Lead smelting company and Silver producer in China. • Yuguang has fully endorsed the Company’s DFS program
Slide 18: Establishing deep roots within the local community
For personal use only Establishing deep roots within the local community Boab is extremely proud to be the Naming Rights Sponsor of the Ord Valley Muster for 2023 and beyond. • Sense of community plays a key role in economic and social well-being of stakeholders across the east Kimberley Region. • T
Slide 19: The Silver & Lead Markets
For personal use only The Silver & Lead Markets Boab Metals Limited ASX:BML July 2022
Slide 20: Lead: An underrated battery metal
Lead: An underrated battery metal 70% of all rechargeable battery energy storage capacity worldwide is provided by lead batteries For personal use only Sorby Hills PFS Revenue Split Global Lead Battery Market2 475,223 t Sorby Hills Pre- Feasibility Study 600 Lead Payable Lead ASX Release 25 500 Augu
Slide 21: Silver: A precious metal with strong green credentials
Silver: A precious metal with strong green credentials Silver‘s traditional role as a storer of wealth is complemented by increasing industrial demand For personal use only Sorby Hills PFS Revenue Split BML Share Price vs A$ Silver Price Silver = A$45/oz 475,223 t Sorby Hills Pre- 10.0 1.00 Volume (
Slide 22: Development Milestones
Development Milestones Project Execution progress to provide significant news flow events For personal use only Recent Milestones Completed ✓ Wyndham Port Access Agreement executed with Cambridge Gulf Limited. ✓ Heads of Agreement executed with Horizon Power for Clean Power Solution. ✓ Competitive E
Slide 23: Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project
Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project For personal use only Boab has acquired a 100% interest in the Manbarrum Zinc-Lead-Silver Project Key highlights include: ✓ Manbarrum is strategically ✓ Mineral Resources declared located 25km east of the at two prospects within the Sorby H
Slide 24: Thank You
For personal use only Simon Noon – Managing Director & CEO info@BoabMetals.com www.BoabMetals.com www.linkedin.com/company/boab-metals Thank You
Slide 25: Appendix
For personal use only Appendix Boab Metals Limited ASX:BML Copyright ©BOAB 25
Slide 26: Board and Management
Board and Management For personal use only Gary Comb Simon Noon Richard Monti Andrew Parker Chairman Managing Director Non-Exec. Director Non-Exec. Director and CEO Board & Engineer with over 30 Experienced mining Geologist with over 30 Lawyer with significant Management with a years’ experience in
Slide 27: Mineral Resource Estimate - December 2021
For personal use only Mineral Resource Estimate - 17 December 2021 Grade Contained Metal Deposit Mt Pb Ag Pb Eq. Zn Pb Ag Pb Eq. Zn % g/t % % kt koz kt kt A 0.6 5.3 23 6.0 0.1 31 427 35 6 B 2.7 3.6 20 4.2 0.3 97 1,720 112 8 Omega 17.2 3.3 34 4.2 0.4 566 18,948 730 71 Norton 21.1 2.8 34 3.8 0.4 590 2
Slide 28: Equivalent calculation
Equivalent It is Boab’s opinion that all elements included in the calculation metal equivalent calculation have a reasonable potential to be recovered and sold. The formula used to calculate lead equivalent grade is: For personal use only Metal Eq (percent) = Gpri + (Gpri × The contained metal [∑i R