Kenmare Resources Plc · LSE:KMR
Kenmare Resources — TZMI Congress 2023
16 slides from Kenmare Resources's conference presentation, November 2023
Slide 1: Creating a positive impact
Creating a positive impact November 2023
Slide 2: Disclaimer
Disclaimer This Presentation (the “Presentation”) has been This Presentation does not constitute or form part statements in this Presentation relating to future prepared and issued by Kenmare Resources plc of, and should not be construed as, an offer, financials, results, plans and expectations (the
Slide 3: Kenmare's growing contribution in Mozambique
Kenmare’s growing contribution in Mozambique Kenmare is the world's largest merchant supplier of ilmenite Significant contributor to Mozambique Kenmare has been active in Mozambique for 35 years and operating for 15 years. ~$1.4 billion capital investment Kenmare accounts for 5% of Mozambique’
Slide 4: The story of the Moma deposit
The story of the Moma deposit The Moma deposit – from the beginning Exploration Development Growth KMR first field Expanded programme on Mining licence Beach landed MSP and Largest ilmenite Moma granted & MSP and WCPB funding closed WCPA commissioned supplier globally (1987) (2004) (2005) (2013) (20
Slide 5: Kenmare makes a positive impact
Kenmare makes a positive impact Examples of opportunities created for some key partners Communities Customers Employees 2 health centres create Customers use our stable 97% Mozambican employee medical care for 45,000 supply as a foundation to representation people grow 25% representation of
Slide 6: Intense focus on safety & transparency
Intense focus on safety & transparency Refocus on safety standards 0.50 Intensifying focus on safety performance 14 12 million hours achieved without an LTI in 2022 12 0.40 Increase in incidents in late 2022 and early 2023 10 0.30 No LTIs LTIFR Significant focus on making a step change back 8
Slide 7: Sustainability strategic pillars
Sustainability strategic pillars In Kenmare, every person’s, everyday activities are rooted in sustainability Safe and engaged workforce Thriving communities 50% LTIFR improvement $3 million invested by against a 3-year average KMAD in community (2020-2022) projects 14.5% female representation
Slide 8: The Nataka orezone
The Nataka orezone Nataka represents the bulk of Kenmare’s 100-year resource base WCPA begins transition to Nataka in 2025 Resources in contained Heavy Mineral WCPA is Kenmare’s largest mining unit Namalope, 4% Mines a relocation channel through to 2027 before arriving in Nataka in 2027 , Nataka
Slide 9: Long-term supply security
Long-term supply security Existing mine-path delivers 1.2 mtpa of ilmenite until 2050 2500 2000 1500 1000 Chloride Slag Synthetic Rutile 500 0 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 Total HMC HM
Slide 10: Positive long-term market fundamentals
Positive long-term market fundamentals Supply/Demand balance (‘000 TiO2 units) 10,000 8,000 6,000 4,000 2018 2019 2020 2021 2022 2023f 2024f 2025f 2026f 2027f Existing Supply Estimated new supply Feedstock demand Demand growth exceeding expected growth in supply 1.5Mt TiO2 units (~3Mt ilmenite)
Slide 11: Key growth markets
Key growth markets Chinese chloride pigment and titanium sponge production 1,200 18% 16% 1,000 % of chloride of total pigment 14% 800 12% (000' tonnes) 10% 600 8% 400 6% 4% 200 2% - 0% H1-19 H2-19 H120 H2-20 H1-21 H2-21 H1-22 H2-22 H1-23 Ilm required for chloride pigment Ilm required for sponge % Ch
Slide 12: High-quality product suite
High-quality product suite Ilmenite TiO2 content required by different markets IP2 IP1 IP3 Direct chloride pigment Beneficiation China Beneficiation ex - China Chloride Slag Synthetic Rutile Sulphate pigment ex China Sulphate pigment China 44 46 48 50 52 54 56 58 60 62 64 TiO2 content 3 Ilmenite p
Slide 13: Faster demand growth for non-integrated ilmenite
Faster demand growth for non-integrated ilmenite Natural high-grade and integrated ilmenite resource depletion supporting ilmenite demand growth 2.1 1.9 1.7 1.5 Index 1.3 1.1 0.9 0.7 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Feedstock demand Demand for
Slide 14: Being ready for growth
Being ready for growth Leveraging the value of the Kenmare orebody portfolio Grade distribution in first 12 years Kenmare has over 100 years of resources Congolone is a leading option for growth Prefeasibility study currently underway Orebody characteristics Situated 90km north of the Moma
Slide 15: Follow Kenmare on social media
Follow Kenmare on social media Facebook, Twitter and LinkedIn Kenmare has profiles on Facebook, Twitter and LinkedIn, which feature regular updates on our corporate social responsibility initiatives, operational and development milestones, news flow and more Kenmare Resources – TZMI Congress 2022
Slide 16: Contact Us
Contact Us Cillian Murphy cmurphy@kenmareresources.com Jeremy Dibb / Katharine Sutton +353 1 671 0411 ir@kenmareresources.com Jetty at sunset Follow us