Manuka Resources Ltd · ASX:MKR
Manuka Resources — Investor Presentation (February 2024)
23 slides from Manuka Resources's investor presentation, Feb 2, 2024
Slide 1: A unique portfolio of assets
Manuka Resources Limited • Operating gold & silver producer Exceptional exploration potential within the Cobar Basin, NSW Australia • Valuable production infrastructure, strategically located A unique portfolio of assets February 2024 South Taranaki Bight Project • World class tier 1 project • Offsh
Slide 2: Disclaimer
Disclaimer This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading this disclaimer you all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or agree to be bound by
Slide 3: Corporate Summary
Corporate Summary ASX: MKR Share price (25 January 2024) A$0.084 Shares on issue 565.1m Market capitalisation (undiluted) A$47.47m Listed and unlisted options ($0.05 to $0.35 strikes) 92.3m “Manuka intends to grow shareholder value by optimising quality resource Board of Directors & Senior Managemen
Slide 4: Board of Directors & Management
Board of Directors & Management Dennis Karp – Alan Eggers – Anthony McPaul – John Seton – Toni Gilholme – Haydn Lynch – Executive Chairman Executive Director Non-Executive Director Non-Executive Director Company Secretary Chief Operating Officer Dennis commenced his Alan is a geologist with Tony is
Slide 5: The world class Taranaki VTM Project
The world class Taranaki VTM Project V Ti Fe New Zealand Taranaki VTM Project – project highlights • World class resource 3.2bt vanadium, titanium & magnetite (iron ore) • Targeted lowest quartile carbon emissions* of Fe producers globally (62kg CO2/t vs 125-250kg CO2/t) • Anticipated lowest quartil
Slide 6: Positive Recent Developments in NZ
Taranaki VTM Project New Zealand Positive Recent Developments in NZ • National ACT NZ First coalition government elected November 2023 • Seismic shift in government sentiment for minerals and mining • First 100 Day Plan Policies include: ➢ Update Crown Minerals Act to promote use of Crown Minerals ➢
Slide 7: The Vanadium Market is Coiled Like a Spring
Taranaki VTM Project New Zealand The Vanadium Market is Coiled Like a Spring • Demand for vanadium expected to grow & double by 2030 • Extensively used as a strengthener in steel & catalyst for industrial processes • Emerging demand in utility scale battery storage (VRFBs): ➢ China leading the charg
Slide 8: Taranaki VTM Project Mining Permit MP55581
Taranaki VTM Project Mining Permit MP55581 12Nm Limit Taranaki VTM Mining Licence February 2024 8
Slide 9: TTR JORC Resource Estimates
TTR JORC Resource Estimates • TTR has drilled a 914Mt JORC Resource in MP55581 (Stage 1) Mine Area • 3.2Bt Indicated and Inferred Mineral Resource • Existing approval of 5mtpa mining licence (MP55581) with initial 20 year mine life** • VTM Concentrate Grade 0.5%V205 8.5%Ti02 55% - 57%Fe Taranaki VTM
Slide 10: Environmental Advantages
Taranaki VTM Project New Zealand Environmental Advantages • Operation has small environmental footprint with only 300m x 900m area of disturbance at any time • Very low carbon emissions (<50%) compared to other hard rock iron ore deposits with no: Heavy machinery mining fleet, Open pits, Waste dumps
Slide 11: TTR Project Metal Production
TTR Project Metal Production ANNUAL CONCENTRATE PRODUCTION • Iron Ore (57%Fe) 5Mt • Vanadium Pentoxide 20,000t V2O5 (11,000t V 80% recovery) • Titanium Dioxide 340,000t TiO2 (80% recovery) GLOBAL VANADIUM METAL PRODUCERS1 • China 40,000t V • Russia 18,000t V • New Zealand (TTR STB)2 11,000t V • Sout
Slide 12: TTR Project Economics
TTR Project Economics COMMODITY PRICES JANUARY 2024 • Iron Ore (62%Fe) US$136.00t • Vanadium Pentoxide US$6.00lb • Titanium Dioxide US$3,500t TTR METAL IN CONCENTRATE VALUE TONNE1 • Iron Ore US$119 (11.0% discount applied to 62%) • Vanadium2 US$55 • Titanium2 US$240 Metal in concentrate value US$414
Slide 13: Economic Benefits to NZ
Taranaki VTM Project New Zealand Economic Benefits to NZ • Directly employs 270 operational staff & 30 Admin HO support • Indirect around 1,665 jobs nation wide • Operation has annual operating spend $250m • Generates royalty revenues $70m & corporate taxes $180m pa . • Foreign exchange earnings US$
Slide 14: TTR Integrated Mining Vessel (IMV)
TTR Integrated Mining Vessel (IMV) ▪ Length 335m ▪ Breadth 60m ▪ Depth 26.25m ▪ Design Draught 12m February 2024 14
Slide 15: TTR Submerged Crawler Technology
TTR Submerged Crawler Technology ▪ Integrated Mining Solution Proven Design ▪ DeBeers & IHC Marine to Supply (Have Built 8 Crawlers over 20 Years Experience) ▪ DeBeers to Commission and Operate First 2 years (Option to Extend) ▪ DeBeers to Provide Local Training • Technology & Skills Transfer to NZ
Slide 16: TTR Trans Shipment & Export
TTR Trans Shipment & Export ▪ Iron Ore Concentrate Transferred to the FSO (Floating Storage Offloading) from IMV ▪ FSO Dewaters Ore ▪ FSO Tranships to Cape Sized Ore Carriers ▪ Cape Sized Vessel Delivers VTM Ore Concentrate to customers ▪ An Anchor Handling Tug (AHT) Assists with: Anchor Moving, Pro
Slide 17: Business Milestones
Taranaki VTM Project New Zealand Business Milestones STB Iron Sands Project – What’s Next • EPA Consents reissued Q2 2024 • Metallurgical Tests and Marketing Report Q3 2023 • Final Design & BFS Q4 2024 . • Finance USD$600m A$250m Q1 2025 • Construction Contracts & Build Q1 2025 • Commission & First
Slide 18: Seabed Mineral Recovery Opportunity for New Zealand
Taranaki VTM Project New Zealand Development of STB Seabed Mineral Recovery Project is a significant opportunity for New Zealand Delivers essential and critical minerals for the shift towards net zero carbon • World demand for VTM product, diversification of supply and security of supply chains of c
Slide 19: Cobar Assets – gold and silver
Cobar Assets – gold and silver Mt Boppy Gold Project (100% owned) precious metal assets in the Restarted Mt Boppy screening project in May 2023 • Open pit mine (previously produced circa 500,000oz Au @ 15g/t Au) Au • 42 person mining camp, power & water, administration office, exploration office Cob
Slide 20: Mt Boppy tenements – key exploration programs
Mt Boppy tenements – key exploration programs 2023/24 financial year 2023/24 exploration activities are to be focussed on the Mt Boppy Central Structural Zone following: 1. Pipeline Ridge Targeting: add substantially to existing resource est. (looking to add up to 210,000oz Au @2.4g/t Au) Objective:
Slide 21: Manuka's Gold and Silver Resource Base
Manuka’s Gold and Silver Resource Base On 25th August 2023 a Resource Update was announced for the Mt Boppy gold project. On 1st April 2021 a Resource Upgrade was provided for Wonawinta Silver Project reflecting a 43% increase in the Measured and Indicated Resource Categories. Mineral Resource Summa
Slide 22: Mt Boppy (past, present & future)
Mt Boppy (past, present & future) Au Mt Boppy produced 500koz @ 15 g/t from a very contained area Manuka commenced production of Mt Boppy ores in April 2020 IPO estimated Phase 1 of 22-24koz Au (actual >41,000koz) Higher grades + plant operating efficiencies combined to drive Phase 1 production to n
Slide 23: Silver production at Wonawinta
Silver production at Wonawinta • Wonawinta produced approx. 3.0Moz silver during 2012-2013, and an additional 500,000oz silver in 2022 • Previously Australia’s largest primary silver producer • JORC mineral resource estimate following extensive infill drilling ~51M oz silver (also 207Kt Pb not inclu
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