Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Shareholder Meeting (November 2024)
24 slides from Wa1 Resources's shareholder meeting presentation, Nov 19, 2024
Slide 1: West Arunta Project: A Once in a Generation Niobium Discovery
For personal use only WEST ARUNTA PROJECT A ONCE IN A GENERATION NIOBIUM DISCOVERY ANNUAL GENERAL MEETING NOVEMBER 2024 1| 1|
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Not an offer: This presentation and its contents are not an invitation, offer, solicitation or Ltd (WA1, the Company) to provide general information about the Company. The recommendat
Slide 3: West Arunta Project
WEST ARUNTA PROJECT Luni niobium deposit was discovered in 2022 and is located in Western Australia For personal use only 100% owned by WA1 A$94M in cash to advance key project workstreams Luni niobium deposit Strong share register of long-term institutional investors Experience permitting and devel
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE BOARD OF DIRECTORS SHARE PRICE (18 NOVEMBER 2024) A$14.53 Gary Lethridge Paul Savich Non-Executive Chairperson Managing Director For personal use only SHARES ON ISSUE 67.7M ▪ Significant corporate experience from ▪ Diverse experience from project OPTIONS1 AND PER
Slide 5: Luni Mineral Resource
LUNI MINERAL RESOURCE1 ▪ Inferred Mineral Resource estimate (MRE) contains world-class grade and scale: 2.1% ▪ 200 Mt @ 1.0% Nb2O5 For personal use only ▪ The MRE contains a significant high-grade subset of: ▪ 53 Mt at 2.1% Nb2O5 ▪ Deposit characteristics indicate Luni may be amenable to open pit mi
Slide 6: Luni Mineral Resource
LUNI MINERAL RESOURCE1 ▪ Drilling has focused on defining a shallow enriched blanket of high-grade niobium mineralisation ▪ Resource drilling has continued to better define high-grade zones to increase resource confidence For personal use only ▪ The Mineral Resource commences between 30m and 70m bel
Slide 7: East Infill
For personal use only 7| East Infill
Slide 8: Southern Infill
For personal use only 8| Southern Infill
Slide 9: Niobium Industry Process Flowsheets
NIOBIUM INDUSTRY PROCESS FLOWSHEETS1 ▪ The three existing niobium mines follow a similar flowsheet to produce a ferroniobium end-product for direct use in the steelmaking process For personal use only ▪ WA1 is testing a conventional flowsheet utilising similar steps to the three existing mines ▪ Dif
Slide 10: Initial Process Testwork Results for Luni
INITIAL PROCESS TESTWORK RESULTS FOR LUNI1 1 2 3 REFINING CONVERSION TO BENEFICIATION (Pyrometallurgy or FERRONIOBIUM For personal use only Hydrometallurgy) (Pyrometallurgy) Crushing and Grinding Calcining Future Testwork Programs FEED GRADE ~4.15% NB2O5 HCl Leach Desliming (99.9% recovery) Phosphat
Slide 11: Pre-Development Activities
PRE-DEVELOPMENT ACTIVITIES ▪ Key infrastructure established to support ongoing exploration and pre-development activities For personal use only ▪ Long lead time de-risking studies and activities are underway, including environment, community, hydrogeology, geotechnical, infrastructure and transport
Slide 12: Luni Camp Expansion 2024
For personal use only Luni Camp Expansion 2024 12 |
Slide 13: Community & Sustainability
COMMUNITY & SUSTAINABILITY ▪ The West Arunta Project is located on the lands of two native title groups: ▪ Parna Ngururrpa (Luni niobium deposit, non-process infrastructure) For personal use only ▪ Tjamu Tjamu (project access, NPI and transport corridor) ▪ Negotiation Protocols are in place with bot
Slide 14: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF KEY NIOBIUM PRODUCERS1 (Nb2O5) GLOBAL FERRONIOBIUM PRODUCTION2 2.5% 125,000 Ferroniobium production (tpa) 80% For personal use only GLOBAL SUPPLY 100,000 BY PRODUCER3 75,000 11% 8% 50,000 1.0% 25,000 - 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 0.4% HI
Slide 15: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION FeNb supply1 For personal use only FeNb demand2 CANADA 8% Listed as critical3 EUROPE 20% NORTH AMERICA 18% JAPAN S. KOREA CHINA 13% 35% Identified by many countries as a critical mineral due to 11% supply concentration BRAZIL 91% EU Critical Mineral Rankings - 20234 US Cr
Slide 16: Ferroniobium Demand
FERRONIOBIUM DEMAND NIOBIUM DEMAND BY TYPE1 ▪ Global ferroniobium production is approximately 115ktpa and For personal use only sells for ~US$30,000/t1 ▪ Micro-alloyed steels using OIL & GAS STRUCTURAL niobium increase the efficiency PIPELINES of the steel industry ▪ Strength improvements allow ligh
Slide 17: The Only Replacement for Steel Is Better Steel
THE ONLY REPLACEMENT FOR STEEL IS BETTER STEEL For personal use only MARINA BAY SANDS - SINGAPORE OPTUS STADIUM - PERTH 130,000t total steel used in construction Adding 0.02% Nb to steel componentry resulted in a total steel saving of 12,000t while improving build quality Utilised 40t of FeNb 65% co
Slide 18: Niobium Oxide Demand
NIOBIUM OXIDE DEMAND ▪ Niobium oxide is predominately NIOBIUM DEMAND BY TYPE3 produced through additional For personal use only treatment applied to refined ferroniobium1 NIOBIUM OXIDE 12% ▪ Key established and high-growth markets include2: AEROSPACE SUPERCONDUCTORS ▪ Superconductive magnets and cap
Slide 19: Niobium Oxide Demand – Batteries
NIOBIUM OXIDE DEMAND – BATTERIES NIOBIUM BATTERY TECHNOLOGY NIOBIUM BATTERY LEADERS • Up to 10x longer life than traditional batteries – For personal use only significantly reducing e-waste1,2 • Ultra-fast charging – full charge in 6 minutes or less2 • Increased stability – up to 20,000 fast charge
Slide 20: Key Project Workstreams
KEY PROJECT WORKSTREAMS Process Testwork Environmental For personal use only Drilling Metallurgical, hydrogeological, Optimisation and variability Baseline surveys and infill and extensional drilling testwork is ongoing to support studies underway underway flowsheet development Logistics Power & Wat
Slide 21: Advancing the West Arunta Project to Efficiently Unlock Stakeholder Value
ADVANCING THE WEST ARUNTA PROJECT TO EFFICIENTLY UNLOCK STAKEHOLDER VALUE Near-term Deliverables P2 carbonatite For personal use only Ongoing flotation variability Pachpadra targets testing across Luni Arunta belt Process flowsheet development Madura project INITIAL UPGRADE KEY FOCUSED METALLURGICAL
Slide 22: Advancing an Essential Critical Mineral Project
For personal use only ADVANCING AN ESSENTIAL CRITICAL MINERAL PROJECT FOR THE CONSTRAINED, HIGH-VALUE NIOBIUM MARKET Investors Product Marketing Media Paul Savich Gustavo Macedo Michael Vaughan Managing Director Niobium Marketing Advisor Fivemark Partners WA1 Resources Ltd E: psavich@wa1.com.au E: g
Slide 23: Appendix A - References and Notes
APPENDIX A - REFERENCES AND NOTES SLIDE 3 SLIDE 15 1. For full details refer to WA1 website and previous ASX announcements 1. NioBay Metals, Investors – Presentations, retrieved from <http://niobaymetals.com/wp/wp-content/uploads/2021/05/2021- 05_Niobay_Corporate_Presentation_.pdf> on 25/10/2022 SLI
Slide 24: Appendix B – Mineral Resource & Competent Person Statement
APPENDIX B – MINERAL RESOURCE & COMPETENT PERSON STATEMENT Tonnes Nb₂O₅ (%) Nb₂O₅ (kt) P₂O₅ (%) P₂O₅ (kt) For personal use only (Mt) Inferred 200 1.0 1,900 8.8 17,000 1. Mineral Resources are classified and reported in accordance with JORC Code (2012). Competent Person Statements: 2. The effective d