Evolution Energy Minerals Limited · ASX:EV1
Evolution Energy Minerals — Investor Presentation (July 2022)
28 slides from Evolution Energy Minerals's investor presentation, July 2022
Slide 1: Sustainable Graphite Products for the Global Green Economy
SUSTAINABLE GRAPHITE PRODUCTS FOR THE GLOBAL GREEN ECONOMY July 2022
Slide 2: Disclaimer
ASX:EV1 DISCLAIMER This presentation (the “Presentation”) has been prepared by Evolution Energy Minerals Limited (“Evolution”). No party other than Mineral Resources Evolution has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations o
Slide 3: Sustainable Graphite Products for Global Green Economy
ASX:EV1 SUSTAINABLE GRAPHITE PRODUCTS FOR GLOBAL GREEN ECONOMY Project Status Graphite Market Corporate Development-ready Chilalo Coarse flake offtake and Framework agreement with Tanzanian Graphite Project in Tanzania downstream collaboration with Government to provide certainty industry leader (YX
Slide 4: Corporate Overview
ASX:EV1 CORPORATE OVERVIEW $0.40 $64.8M $7.5M Share price Market Cap Cash (as at 31 Mar ‘22) $57.3M 161.9M 42.1M Enterprise Value Shares on Issue Unlisted Options ($0.25 exercise) SHARE PRICE SINCE IPO 0.7 0.6 0.5 0.4 0.3 0.2 IPO PRICE: 20¢ 0.1 0 4
Slide 5: Board & Management with Graphite Experience
ASX:EV1 BOARD & MANAGEMENT WITH GRAPHITE EXPERIENCE BOARD Board of Directors Phil Hoskins Trevor Benson Michael Bourguignon Amanda van Dyke Henk Ludik MANAGING DIRECTOR NON-EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Phil is the Executive responsible Trevor wa
Slide 6: Wood Mackenzie graphite demand forecast
ASX:EV1 “We forecast battery sector demand for raw material graphite to rise by more than 1,400% between 2020 and 2050. By the end of the forecast period, total graphite demand could be three times the 2021 supply level.” – Wood Mackenzie Graphite Market 2021 Outlook to 2050 6
Slide 7: Unprecedented Demand Opportunity
ASX:EV1 UNPRECEDENTED DEMAND OPPORTUNITY EV sales continue to outperform forecasts ELECTRIC VEHICLES LI-ION BATTERY DEMAND (MWh) GRAPHITE DEMAND (# SALES) (Mt) In 2021, EVs represented 15% and 20% of all vehicles sold in China and Europe respectively. Source: Bloomberg NEF Source: Benchmark Mineral
Slide 8: Graphite in Lithium-Ion Batteries
ASX:EV1 GRAPHITE IN LITHIUM-ION BATTERIES High costs and CO2 footprint shifting demand from synthetic towards natural graphite NATURAL GRAPHITE DEMAND FOR BATTERIES 2020 Lithium Nickel Manganese Cobalt Other Silicon / Other 2030 8 Source: Benchmark Mineral Intelligence – Q2 2022 Flake Graphite Forec
Slide 9: Criticality of Graphite Supply
ASX:EV1 CRITICALITY OF GRAPHITE SUPPLY Graphite listed as a strategic critical mineral in US, EU, Japan and Australia CHINA DOMINATES WHY? GRAPHITE MARKET 1 Due to high concentration of production in one country (China), graphite is recognized as a strategic critical mineral in many jurisdictions Fl
Slide 10: Supply Shortfall and Rising Prices
ASX:EV1 SUPPLY SHORTFALL AND RISING PRICES 56% increase in fines price since September 2021 FINE FLAKE (-100 MESH / -150 MICRON) DEFICIT IN NATURAL GRAPHITE HAS BEGUN GRAPHITE PRICES (SEP 2021 – JUN 2022) 500,000 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 -500,000 -1,000
Slide 11: Graphite Fines Price Growth
ASX:EV1 GRAPHITE FINES PRICE GROWTH Outperforming gold and base metals 11
Slide 12: Republic of Tanzania
ASX:EV1 REPUBLIC OF TANZANIA Re-emerging as a favourable investment destination Her Excellency Samia Suluhu Hassan appointed as President in March 2021 (following death of the Late His Excellency John Magufuli) Evolution is nearing completion of discussions Speech on 5 April 2021 by Her Excellency w
Slide 13: Chilalo Project
ASX:EV1 CHILALO PROJECT Premium graphite for high-value applications Development ready DFS, Mining Licence and Environmental Approvals High margins ~US$750/t concentrate margin driven by globally significant flake size Sustainability focus Pursuit of net zero carbon mine among ESG commitments Potent
Slide 14: Large High Grade Mineral Resource
ASX:EV1 LARGE HIGH GRADE MINERAL RESOURCE Potential for multi-decade mine life Chilalo Mineral Resource 20Mt at 9.9% TGC over 2km strike Long life Existing 18 year mine life based on existing Ore Reserves Geophysics indicates upside 33km of conductors with same or higher conductivity (= high grade,
Slide 15: Updated DFS Underway
ASX:EV1 UPDATED DFS UNDERWAY Strong economics to a bankable standard1 PHYSICALS UNIT 2020 DFS Mine life years 18 Total plant feed Mt 8.9 Annual plant feed ktpa 500 Average head grade %TGC 10.1% Average graphite concentrate production ktpa 50 Steady state expandable graphite sales ktpa 12 Steady stat
Slide 16: Mine Downstream
MINE DOWNSTREAM 95% C Concentrate EUROPEAN JV Coarse Proposed European JV with YXGC to produce expandable graphite, foil Chilalo Fines BATTERY ANODE MATERIALS FACILITY 16
Slide 17: Offtake Partnership and Downstream Collaboration
ASX:EV1 OFFTAKE PARTNERSHIP AND DOWNSTREAM COLLABORATION Coarse flake sales commitment supports financing Chilalo coarse production committed to YXGC Principal offtake partner secured Yichang Xincheng Graphite Co Ltd (YXGC) selected following years of dialogue Dual focus partnership Collaboration co
Slide 18: Proposed European JV
ASX:EV1 PROPOSED EUROPEAN JV Leveraging industry-leader’s technology into high-value markets Highlights Description Evolution and YXGC intend to execute two agreements in H2 2022: - Toll treatment agreement allowing Evolution to toll treat into expandable graphite (EG) using YXGC’s facilities Format
Slide 19: Value Addition Journey for Premium Quality Coarse Flake Graphite
ASX:EV1 VALUE ADDITION JOURNEY FOR PREMIUM QUALITY COARSE FLAKE GRAPHITE 19
Slide 20: Mine Downstream
MINE DOWNSTREAM 95% C Concentrate EUROPEAN JV Coarse Proposed European JV with YXGC to produce expandable graphite, foil Chilalo Fines BATTERY ANODE MATERIALS FACILITY 20
Slide 21: Regulation Driving Sustainable Battery Anode Demand
ASX:EV1 REGULATION DRIVING SUSTAINABLE BATTERY ANODE DEMAND EU initiatives seeking to hold supply chains accountable KEY INITIATIVES Supported by Initiative for Responsible Mining Assurance RESPONSIBLE SOURCING CO2 FOOTPRINT TRACEABILITY EU list of Critical Raw Materials & European Raw Materials All
Slide 22: Evolution's Sustainable Battery Anode Strategy
ASX:EV1 EVOLUTION’S SUSTAINABLE BATTERY ANODE STRATEGY Developing a battery supply chain for the future Leveraging commercially proven technology Evolution’s US-based technology partner is an established manufacturer of advanced battery materials Adopting thermal purification to achieve battery grad
Slide 23: Evolution's Battery Advantage
ASX:EV1 EVOLUTION’S BATTERY ADVANTAGE Superior performance, environmentally friendly Premium coated spherical graphite Exceptional electrochemical results on Chilalo coated spherical graphite: Specific capacity 368mAh/g (compares to theoretical capacity of 372mAh/g) Irreversible capacity loss (ICL)
Slide 24: Evolution Adopting Inverted Flowsheet
EVOLUTION ADOPTING INVERTED FLOWSHEET Yield advantage and high-value, high-purity by-products 24
Slide 25: Tesla's 2TWh Challenge
ASX:EV1 TESLA’S 2TWh CHALLENGE Panasonic mandated to build pipeline 45x existing Nevada Gigafactory ”For the next challenge, Tesla wants two terrawatt hours of battery manufacturing. It’s an unbelievable scale, so we have to build up more supply chains, MINING, everything” – Panasonic Energy, Chief
Slide 26: ESG and Sustainability
ASX:EV1 ESG AND SUSTAINABILITY Evolution’s commitment to sustainable graphite supply 26
Slide 27: Delivering on the Major Milestones
ASX:EV1 DELIVERING ON THE MAJOR MILESTONES Focused on Chilalo FID whilst rapidly advancing lucrative downstream strategies MINE DOWNSTREAM Coarse Fines Permitting and Approvals Testwork confirms product suitability Binding Offtake Secure Technology Tanzanian Framework Agreement Site Selection Update
Slide 28: Contact
Phil Hoskins Managing Director E: info@ev1minerals.com.au P: +61 8 9200 3426 ev1minerals.com.au
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