Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Battery Minerals — Morgans Noosa Conference 2017
19 slides from Waratah Minerals's conference presentation, July 2017
Slide 1: Morgans Noosa Conference
Morgans Noosa Conference July 2017 1
Slide 2: It's About EV's and Batteries
Its About EV’s and Batteries Forecast EV Sales By Region The lithium-ion battery (LiB) market is expected to grow from US$10bil to +US$60Bil in the next 10 years Battery Minerals is ideally positioned to capitalise on demand for input materials Source: UBS estimates 2
Slide 3: A Global Battery Minerals Business
A Global Battery Minerals Business Battery Minerals has established operations in Mozambique, and is developing upstream processing operations in Reno, Nevada USA. The production elements of the business is supported by its Perth based head office and Asia based marketing office. Mozambique - Montep
Slide 4: Corporate Overview
Corporate Overview David Flanagan Jeff Dawkins Share Price Executive Chairman Chief Financial Officer 0.14 12 Millions Daily Volume Traded On-Market 0.12 Daily Close Price - BAT Cherie Leeden Andy Cardoso 10 Exec Dir Tech & BD Mozambique Country Director Daily VolumeTraded On-Market 0.10 8 Close Pri
Slide 5: Montepuez: Advanced Graphite Project
Montepuez: Advanced Graphite Project • Completed DFS shows very strong economics • Ore Reserve Estimate January 2017 of 41.4Mt @ 8.80% TGC for 3.64Mt of graphite reported at a cut-off grade of 4% TGC • Significant resource expansion opportunities • Current target - construction to start Q1 2018 and
Slide 6: Montepuez: Advanced Graphite Project
Montepuez: Advanced Graphite Project • Simple mining, crushing and screening • Graphite concentrate produced via flotation and regrind • Concentrate to be bagged and trucked 260km via existing roads to the coast • Bags re-packed into containers and loaded onto vessels at Pemba Port • Commitments in
Slide 7: Balama Central: Significant Exploration Upside
Balama Central: Significant Exploration Upside • Adjacent to Syrah Resources’ Balama Deposit (Ore Reserve of 114.5Mt @ 16.6% TGC for 18.6Mt) • March 2016 Maiden Mineral Resource Estimate of 16.3Mt at 10.4% TGC for 1,699kt of contained graphite (6% TGC Cut-off) • Independent exploration target for 43
Slide 8: Spherical Graphite Project
Spherical Graphite Project • Purified Spherical Graphite (PSG) Project processes the Battery Minerals flake graphite production • PFS selected Reno, Nevada USA as optimal location presuming thermal purification • LiB product at significant annual PSG production level • Target construction start H1 2
Slide 9: Bulk Sample Programme Underway
Bulk Sample Programme Underway • Bulk sampling programme underway to produce spherical purified graphite Staffing and employment • 1800 tonnes of Montepuez Elephant resource mined and trucked to Understanding of orebody Pemba, Optimise capex and opex • Material crushed, screened and bagged awa
Slide 10: First Phase Commercial Operations
First Phase Commercial Operations Based on BAT internal economic assessment Early stage works for Project Development First Commercial Phase production – Target Parameters target early cash flow Mining rate 250,000-300,000tpa Flake Production Capacity 20,000t at >97-99% TGC Purified Spherical Graphi
Slide 11: Next 12 Months
Next 12 Months • 2H 2017 – Mozambique mining licence approved • 2H 2017 – Bulk sample test and process optimisation • 2H 2017 – Value engineering & procurement • 2H 2017 – Ongoing targeted exploration activity • 2H 2017 – Advance offtake agreements • 2H 2017 – Complete concept study on Balama Centra
Slide 12: Appendix
Appendix 12
Slide 13: Mozambique: Stable, Friendly Mining Jurisdiction
Mozambique: Stable, Friendly Mining Jurisdiction Modern mining act and pro-mining government Mining law gives a 10 year tax stability and minimal percentage variants during mining contract Retro-active laws prohibited by constitution - all mining contracts upheld Stable multi-party democracy
Slide 14: Ore Reserve Statement
Ore Reserve Statement • Ore Reserve Estimate January 2017 for Buffalo and Elephant deposits is 41.4Mt @ 8.80% TGC for 3.64Mt of graphite reported at a cut-off grade of 4% TGC • Two world class deposits provide optionality of product, blending opportunities and development options • Flake size, creat
Slide 15: Mineral Resource Statement
Mineral Resource Statement • Total Mineral Resource for Montepuez deposits (January 2017) is 105.9Mt @ 7.74% TGC for 8.2Mt of graphite reported at a 2.5% TGC cut-off • Total Mineral Resource for Balama Central (March 2016) is 16.3Mt @ 10.4% TGC for 1,699kt at 6% TGC cut off Montepuez Graphite Projec
Slide 16: Summary of Consolidated Study
Summary of Consolidated Study PFS on PSG *** DFS on Montepuez Graphite Project *** -20,000t of 99.99% PSG Annual production -100,000 tonnes of 96% purity graphite concentrate -20,000t recarburiser product Life of Mine (LoM) net revenue US$4,903 million US$2,156 million LoM cash generation US$1,558 m
Slide 17: PFS/DFS Process Pathway
Process Pathway Output from mine site Two products generated from Two products generated ex-mine (Mozambique) downstream processing (USA) 60,000t Sold to flake market S C E N AR I O S C O N TEM PL ATE D B Y R E C E N T 100,000t ≈20,000t AS S U M E D 96% TGC 99.95% TGC coated $7,500/T spherical graph
Slide 18: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Forward Looking Statements • In the 15 February 2017 announcement, Ms Cherie Leeden, on the Battery Minerals’ website. Managing Director of BAT compiled the information in • Statements and material contained in this Presentation, Section 1 and Section 2 of th
Slide 19: David Flanagan, Executive Chairman, Battery Minerals Limited
David Flanagan Executive Chairman Battery Minerals Limited david.flanagan@batteryminerals.com www.batteryminerals.com 19