Neometals Ltd · ASX:NMT
Neometals — Australian Nickel Conference 2020
47 slides from Neometals's conference presentation, Oct 6, 2020
Slide 1: Widgiemooltha Nickel - Australian Nickel Conference 2020
For personal use only WIDGIEMOOLTHA NICKEL Responsible nickel for electro mobility Australian Nickel Conference 2020 6 October 2020 ASX Code: NMT OTC/Nasdaq Intl: RDRUY
Slide 2: Disclaimer
DISCLAIMER Summary information: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained in this document is of
Slide 3: Neometals innovatively develops opportunities in minerals and advanced materials
Neometals innovatively develops opportunities in minerals For personal use only and advanced materials essential for a sustainable future • ASX-listed project developer • Focus on minerals & materials for EV and energy storage sectors • 4 core projects with partners and exploration via Mt Edwards •
Slide 4: For personal use only
Lithium-Ion Battery Recycling Project (Feasibility Stage, MOU for For personal use only 50:50 Incorporated JV) Vanadium Recovery Project (Pre-Feasibility Stage, option to form 50:50 Incorporated JV) Lithium Refinery Project Vanadium Recovery (Feasibility Stage, MOU LiB Recycling for 50:50 Incorporat
Slide 5: Corporate Dashboard
CORPORATE DASHBOARD ASX: NMT OTC:RDRUY Neometals For personal use only Shares on Issue1 m 545.4 Share Price (30-Sep-20) A$ 0.195 12 Month Share Price Performance Market capitalisation A$m 100.9 (30-Sep-20) 0.30 12,000 Cash (est 30-Jun-20) 2 A$m 81.3 Debt A$m - 10,000 Investments 0.25 A$m 6.3 (est 30
Slide 6: Mt Edwards Project - Widgiemooltha Nickel
For personal use only MT EDWARDS PROJECT WIDGIEMOOLTHA NICKEL Neometals - 100% Nickel Mineral Rights Responsible nickel for electro mobility 6
Slide 7: For personal use only
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Slide 8: Future Nickel Demand
FUTURE NICKEL DEMAND Consensus view is that nickel demand will increase significantly by 2030 2019 Electric Vehicles accounted for 3% of total nickel demand For personal use only 2030 batteries to account for 27% of total nickel demand 8 Source: Argus
Slide 9: Future Nickel Demand
FUTURE NICKEL DEMAND Lithium Ion Megafactories will impact demand for Raw Materials including Nickel For personal use only 9
Slide 10: Project Overview
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Slide 11: Mt Edwards Project
MT EDWARDS PROJECT For personal use only Located 80km 50 km from Kambalda south of Kalgoorlie Ni Concentrator Access to sealed roads, rail and energy infrastructure Mineral Resources 8.72M tonnes @ 1.7% Ni 146,000t contained Ni* 11 *Full information for Mt Edwards JORC Mineral Resource information o
Slide 12: Mt Edwards Overview
MT EDWARDS OVERVIEW • NMT 100% owned since mid 2018 • Located 80km south of Kalgoorlie. For personal use only • 50 km from Kambalda Ni Concentrator • Access to sealed roads, rail and energy infrastructure • Tenements cover area of > 300km2 • 50+km strike over the highly nickel prospective Widgiemool
Slide 13: Mt Edwards Overview
MT EDWARDS OVERVIEW • NMT 100% owned since mid 2018 • Located 80km south of Kalgoorlie. For personal use only • 50 km from Kambalda Ni Concentrator • Access to sealed roads, rail and energy infrastructure • Tenements cover area of > 300km2 • 50+km strike over the highly nickel prospective Widgiemool
Slide 14: Mt Edwards Mineral Resources
MT EDWARDS MINERAL RESOURCES • Eleven deposits across 20km strike • “Mt Edwards Anticline” and “Widgie South For personal use only Trend” Regions • Mineral Resources of 8.7M tonnes @ 1.7% Ni for 146k tonnes contained Ni* • Up 18% from 7.4M tonnes @ 1.7% Ni for 123k tonnes contained Ni in June 2018 M
Slide 15: For personal use only
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Slide 16: Mt Edwards Project
| MT EDWARDS PROJECT For perseraluse only SSSR Nm
Slide 17: Mt Edwards Project History
MT EDWARDS PROJECT HISTORY sets ae 2 ent Ajuo esn petiosieds0-
Slide 18: Mt Edwards Project History
MT EDWARDS PROJECT HISTORY • Discovery - 1967 by INAL - under agreement with WMC • Mt Edwards 26N underground Mine For personal use only • Total of 31,016 Nickel Tonnes Mined across 4 mines 1980 to 2008 • Divested by WMC in 2001 to Australian Nickel Mines NL • Consolidated Nickel acquired Project in
Slide 19: Neometals Value Building Mt Edwards Since 2018
ar 1 p1bear. ort NEOMETALS VAULE BUILDING MT EDWARDS SINCE 2018 - Forpersonal use only Nm
Slide 20: Mt Edwards Under Neometals
MT EDWARDS UNDER NEOMETALS 2018 2020 • Neometals have made a concerted effort to For personal use only Database Database of 9,464 of 11,887 gather data and regain drillholes drillholes the knowledge • Re-established a validated database (9,464 drill holes, ~36,000 soil samples). • Neometals have dri
Slide 21: Mt Edwards Under Neometals
MT EDWARDS UNDER NEOMETALS Since acquisition in 2018 Neometals have executed a 3-stage plan For personal use only 1. Review and re-estimate massive nickel sulphides within and near known Mineral Resources 2. Discover more nickel (proximal to Mineral Resources and greenfields) 3. Identify “best optio
Slide 22: Mt Edwards Under Neometals
MT EDWARDS UNDER NEOMETALS Since acquisition in 2018 Neometals have executed a 3-stage plan For personal use only 1. Review and re-estimate massive nickel sulphides within and near known Mineral Resources 5 of the 11 Mineral Resources at Mt Edwards have been re-estimated for Neometals 3 more estimat
Slide 23: Mt Edwards Under Neometals
MT EDWARDS UNDER NEOMETALS Since acquisition in 2018 Neometals have executed a 3-stage plan For personal use only 2. Discover more nickel (proximal to Mineral Resources and greenfields) Multiple drill programs with nickel sulphides intersected: 11m @ 2.64% Ni including 4m @ 6.32% Ni (Zabel, June 201
Slide 24: Mt Edwards Under Neometals
MT EDWARDS UNDER NEOMETALS Since acquisition in 2018 Neometals have executed a 3-stage plan For personal use only 3. Identify “best option” deposits and prepare for the projected nickel demand and related price increase due to EV sector Comparisons have included calculating Nickel Tonnes per vertica
Slide 25: Mt Edwards Under Neometals
MT EDWARDS UNDER NEOMETALS Since acquisition in 2018 Neometals have executed a 3-stage plan For personal use only 3. Identify “best option” deposits and prepare for the projected nickel demand and related price increase due to EV sector Early mining studies suggest Armstrong, Widgie Townsite and Gil
Slide 26: Neometals Value Building in 2020
ar 1 p1bear. ort NEOMETALS VALUE BUILDING IN 2020 - Forpersonal use only
Slide 27: 2020 Exploration - Armstrong
2020 EXPLORATION – ARMSTRONG • New drilling and a reinterpretation of the geology • For personal use only Revised Mineral Resource increased by 60% in April 2020 • 633,000 tonnes at 2.1% nickel for 13,200 nickel tonnes* • Historic estimate 320k tonnes at 2.6% Ni for 8,180 nickel tonnes • Snowden rev
Slide 28: 2020 Exploration - Gillett
2020 EXPLORATION – GILLETT • New drilling warranted a reinterpretation of the geology • For personal use only Revised Mineral Resource announced May 2020 • 1.31 Million tonnes at 1.7% nickel for 22,500 nickel tonnes* • Previously 955,000 tonnes at 1.8% nickel for 17,050 nickel tonnes • Snowden revie
Slide 29: 2020 Exploration - 132N
2020 EXPLORATION – 132N • Drilled Diamond Core and assessed drill logs and database • For personal use only Reviewed end of mine report from November 2008 • Reinterpretation of the Mineral Resource • 460k tonnes at 2.0% nickel for 9,050 nickel tonnes* • Up from 120k tonnes @ 3.4% nickel for 4,070 ni
Slide 30: Exploration
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Slide 31: Neometals Regional Exploration
NEOMETALS REGIONAL EXPLORATION Summary of Ground • Newexco engaged to assist in data Geophysics over Mt Edwards Project For personal use only review and future discoveries • Many targets pre 2008 left untested (50+ historical targets) • Several targets generated from ground EM (Moving and Fixed loop
Slide 32: Neometals Regional Exploration
NEOMETALS REGIONAL EXPLORATION • Newexco engaged to assist in data For personal use only review and future discoveries • Many targets pre 2008 left untested (50+ historical targets) • Several targets generated from ground EM (Moving and Fixed loop) remain untested • Information Memorandum completed
Slide 33: Regional Exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON Multiple geophysics surveys at Lake Eaton and Lake Eaton South NW of Mincor’s Cassini Including: Passive Seismic, Moving Loop EM and UAV (drone) supported Magnetic Surveys For personal use only 33
Slide 34: Regional Exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON UAV Magnetics still in development, early results enable improved “picking” of structures Resolution of magnetic features with UAV magnetics becoming superior than aircraft as: For personal use only Drones can carry the magnetometer much lower to the ground (15m to
Slide 35: Regional Exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON Multiple geophysics surveys at Lake Eaton and Lake Eaton South UAV (drone) Magnetic Surveys have greater resolution For personal use only New UAV Magnetic Survey results Regional Aerial Magnetic results 35
Slide 36: Mt Edwards Exploration Animation
MT EDWARDS EXPLORATION ANIMATION Forpersonal use onl Hiteerterveeniiiis
Slide 37: Mt Edwards Project - Exploration
| MT EDWARDS PROJECT - EXPLORATION For perseraluse only NEOMETALS SSR Nm
Slide 38: Regional Exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON • Interpretation of the geology in the area is complicated, with faults offsetting the Ultramafic - Basalt contact north of Mincor’s Cassini North prospect For personal use only 38 *Please refer to ASX announcement 5 October 2020 titled “132N NICKEL MINERAL RESOURCE
Slide 39: Regional Exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON • Interpretation of the geology in the area is complicated, with faults offsetting the Ultramafic - Basalt contact north of Mincor’s Cassini North prospect For personal use only 39 *Please refer to ASX announcement 5 October 2020 titled “132N NICKEL MINERAL RESOURCE
Slide 40: Regional Exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON • NMT Recently completed a 7 RC hole program for 1,437 metres (assay results pending) • Drilling has successfully identified the Ultramafic - Basalt contact For personal use only 40 *Please refer to ASX announcement 5 August 2019 titled “Mt Edwards Nickel – Drill Re
Slide 41: Regional Exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON • NMT Recently completed a 7 RC hole program for 1,437 metres (assay results pending) • Drilling has successfully identified the Ultramafic - Basalt contact For personal use only B A 41 *Please refer to ASX announcement 5 August 2019 titled “Mt Edwards Nickel – Dril
Slide 42: Regional Exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON • Neometals have conducted drill programs at Lake Eaton and Lake Eaton South NW of Mincor’s Cassini • We continue to find “sniffs” of nickel sulphide but we continue to pursue the next “discovery hole” For personal use only • Drill Results include: • 0.98 metres at
Slide 43: Mt Edwards Project
MT EDWARDS PROJECT For personal use only Located 80km 50 km from Kambalda south of Kalgoorlie Ni Concentrator Access to sealed roads, rail and energy infrastructure Mineral Resources 8.72M tonnes @ 1.7% Ni 146,000t contained Ni* 43 *Full information for Mt Edwards JORC Mineral Resource information o
Slide 44: Security Opportunity
SECURITY OPPORTUNITY For personal use only Strong balance sheet MCAP discrepancy with no debt (low EV) Able to fund development of Key projects some projects without dilution co-funded Strong Board and Multiple catalysts management, collectively across portfolio the largest shareholders Consistent s
Slide 45: Supporting Information
For personal use only MT EDWARDS PROJECT WIDGIEMOOLTHA NICKEL Neometals - 100% Nickel Mineral Rights SUPPORTING INFORMATION Responsible nickel supporting electro mobility 45
Slide 46: Mt Edwards Mineral Resource Estimate as at October 2020
MT EDWARDS MINERAL RESOURCE ESTIMATE as at 05 October 2020 For personal use only Competent Person attribution on Next page Indicated Inferred TOTAL Mineral Resources Tonne Nickel Nickel Tonne Deposit Tonne (Kt) Nickel (%) Nickel Tonnes (Kt) (%) (%) (Kt) Widgie 32 625 1.5 625 1.5 9,160 Gillett5 1,306
Slide 47: Mt Edwards Mineral Resource Estimate - Competent Person Attribution
MT EDWARDS MINERAL RESOURCE ESTIMATE as at 05 October 2020 For personal use only Competent Person Attribution Competent Person Attribution The information in this presentation that relates to Exploration Results is based on information compiled by Gregory Hudson, who is a member of the Australian In