Magnum Mining And Exploration Limited · ASX:MGU
Magnum Mining And Exploration — Investor Presentation (August 2022)
33 slides from Magnum Mining And Exploration's investor presentation, Aug 29, 2022
Slide 1: The Green Pig Iron Company
The Green Pig Iron Company For personal use only Nevada Iron is a fully owned subsidiary of MGU. A 21st Century ESG Project on ASX Green Pig Iron Made In USA MGU IRON ORE 100% BIOCHAR PIG IRON The Green Pig Iron Company P1 | INVESTMENT HIGHLIGHTS AUGUST 2022
Slide 2: Share price and capital structure
ASX:MGU 2022 The Green Pig Iron Company For personal use only AUD 0.110 (HIGH) 0.105 0.100 0.095 0.090 0.085 0.080 0.075 0.070 0.065 0.060 0.055 0.050 0.045 0.040 0.035 (LOW) JAN FEB MAR APR MAY JUN JUL AUG 15 ASX Ticker MGU Shares on Issue 532M *Options (Listed and unlisted) 250M Share Price $0.04
Slide 3: Executive Team
EXECUTIVE TEAM The Green Pig Iron Company For personal use only Neil Goodman Anoosh Manzoori Athan Lekkas Matthew Latimore MagnumCEO + Director, Chairman Non Executive Director Non Executive Director Nevada Iron Mr Manzoori has extensive investment and Mr Lekkas has several years of investment Matt
Slide 4: Buena Vista Resource Highlights
BUENA VISTA RESOURCE HIGHLIGHTS The Green Pig Iron Company For personal use only Zero Carbon pig • Magnum is working towards becoming the first green pig iron plant in the USA, with “Net Zero” carbon emissions iron plant in the USA Low cost iron ore • JORC compliant, indicated and inferred resource
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS The Green Pig Iron Company For personal use only Growth in market • 10-year average price of pig iron is $400/t CIF NOLA, expected to increase as pig demand increases due to increased use by electric steelmakers to produce higher grade steels and and production shortages of hig
Slide 6: Investment Opportunity: Bio-PCI and Green Pig Iron
INVESTMENT OPPORTUNITY The Green Pig Iron Company For personal use only BIO-PCI AND GREEN PIG Decarbonise steel production via the use of low carbon footprint “Bio-PCI” and “Green Pig Iron” • B io-PCI: biochar powder produced via the pyrolysis • Bio-PCI produced from agricultural and forestry of sus
Slide 7: Bio-PCI Process
BIO-PCI PROCESS The Green Pig Iron Company For personal use only Produced via the torrefaction and pyrolysis of biomass in the absence of oxygen Torrefaction for enhanced Fast pyrolysis for Carbonisation wood fuels (250-290 oC) Bio-oil (450-550 oC) for charcoal 100 oC 200 oC 300 oC 400 oC 500 oC 600
Slide 8: Permanente GRC88 Bio-PCI Advantages
PERMANENTE GRC88™ BIO-PCI ADVANTAGES The Green Pig Iron Company For personal use only • Scalable, modular, and mobile reactors continuously • GRC88™ reactor produced biochar is 70% to 80% torrefy and pyrolyze biomass in an oxygen free fixed carbon which is comparable to PCI type coals. environment b
Slide 9: Bio-PCI Technology
BIO-PCI TECHNOLOGY The Green Pig Iron Company For personal use only Raw biomass feed input Bio-PCI product output P9 | INVESTMENT HIGHLIGHTS AUGUST 2022
Slide 10: Use of Bio-PCI
USE OF BIO-PCI The Green Pig Iron Company For personal use only Direct Direct replacement Solutions for replacement of PCI of PCI coals for “Green” high- coals for injection injection into quality steel into blast furnaces HIsmelt furnaces production Modern blast furnaces inject approximately 200kg
Slide 11: Bio-PCI and Pig Iron Project Schedule
BIO-PCI AND PIG IRON PROJECT SCHEDULE The Green Pig Iron Company For personal use only 2022 2023 2024 2025 2026 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Source Strategic Investors Bio-PCI BFS and EPC Start-Up of Bio PCI Mine & Hismelt Permitting Mine & Hismelt BFS Finance Debt and Equit
Slide 12: Schedule for First Bio-PCI Plant
SCHEDULE FOR FIRST BIO-PCI PLANT* The Green Pig Iron Company For personal use only Date Activity Details Stage 1 Bankable Feasibility Study for Bio-PCI production Develop +/- 10% lump sum quality estimate to obtain equity and debt financing Stage 2 Engineering and procurement (EP) of Bio-PCI Design
Slide 13: Schedule for Full Bio-PCI, Mine and HIsmelt
SCHEDULE FOR FULL BIO-PCI MINE The Green Pig Iron Company For personal use only AND HISMELT * Date Activity Details Stage 1 Bankable Feasibility Study for mine and HIsmelt Develop +/- 10% lump sum quality estimate to obtain equity and debt financing. Kick off environmental permitting Stage 2 Close f
Slide 14: Fundamental Trends Changing the Metallics Landscape
FUNDAMENTAL TRENDS ARE CHANGING THE METALLICS The Green Pig Iron Company For personal use only LANDSCAPE High quality metallics USA supply/demand is changing drastically, even before the Ukraine war. • Fundamental shifts in end market trends are • More widely available obsolete scrap carries high ch
Slide 15: Pig Iron Is the Highest Value Raw Material in Steelmaking
PIG IRON IS THE HIGHEST VALUE RAW MATERIAL IN The Green Pig Iron Company For personal use only STEELMAKING US Dollar / Tonne 1,000.00 750.00 500.00 250.00 2018 JUL 2019 JUL 2020 JUL 2021 JUL 2022 JUL Mid MB -IRO-0078 Mid MB -FE-0009 Mid MB-IRO-0009 Pig Iron Basic Grade, Btazil, Hot-Briquetted Iron,
Slide 16: Facts: Importers and Exporters of Pig Iron
FACTS The Green Pig Iron Company For personal use only IMPORTERS OF PIG IRON (2019) TOTAL: $4.48B EXPORTERS OF PIG IRON (2019) TOTAL: $4.48B Italy United States 9.56% 34.7% Netherlands Germany 4.69% 3.27% Chinese Saudi Spain Turkey Taipei Arabia 2.5% 8.88% 3.41% 3.35% China 8.26% SA is the largest p
Slide 17: Infrastructure in Place
INFRASTRUCTURE IN PLACE The Green Pig Iron Company For personal use only Colado Rail Load Out • Fully Permitted Iron Ore Mine • Easy Access to Union Pacific Railway & Highway Huxley Rail Load Out • Near High Voltage power lines and Natural Gas pipelines Reno • Close to all major West Coast ports for
Slide 18: Resources Expansion Opportunity
RESOURCES EXPANSION OPPORTUNITY The Green Pig Iron Company For personal use only • Mineral District has a 60 year mining and exploration history. • Open cut mining operations in the 1950s & 1980s. • Magnum is the only fully permitted iron ore company in the district. Ground Magnetics over Buena Vist
Slide 19: Exclusive Pig Iron Producer on the West Coast USA
EXCLUSIVE PIG IRON PRODUCER ON THE The Green Pig Iron Company For personal use only WEST COAST USA Magnum will be the only pig iron producer on the West Coast USA • All Pig Iron Producers on East Coast • USA EAF Steel 2021 80% • USA EAF Steel 2025 85% Pig Iron Producer Pig Iron Buyer P19 | INVESTMEN
Slide 20: Uniquely Placed to Supply USA West Coast Customers
UNIQUELY PLACED TO SUPPLY USA WEST COAST The Green Pig Iron Company For personal use only CUSTOMERS Regional USA Domestic Customers & Steel Capacity • All West Coast steelmakers are moving up the value chain for premium steel products. More pig iron is needed. • All West Coast steel mills are EAF op
Slide 21: Magnum's High-Grade Resource
MAGNUM’S HIGH-GRADE RESOURCE The Green Pig Iron Company For personal use only *232 million tonnes at 18.6% Fe. See ASX announcement dated 23 March 2021 for further details regarding the Mineral Resource. • Total reported Mineral Resources 232Mt (JORC 2012 compliant). * • Metasomatic deposit formed t
Slide 22: High-Quality Concentrate and Simple Beneficiation Plant
HIGH-QUALITY CONCENTRATE & SIMPLE The Green Pig Iron Company For personal use only BENEFICATION PLANT Buena Vista Concentrate Specification Result Magnetic processing Test Items Unit Standard No. to produce +63% Fe / concentrate. TFe % 63.00 GB/T 6730.5-2007 Coarse grained magnetite FeO % 21.82 GB/T
Slide 23: Technology Assessment Report – HIsmelt the Optimum Technology
TECHNOLOGY ASSESSMENT REPORT – The Green Pig Iron Company For personal use only HISMELT THE OPTIMUM TECHNOLOGY Magnum Mining and Exploration Ltd procured an independent technology report in support of the production of green pig iron from their Buena Vista iron ore deposit in Nevada, USA. • T he stu
Slide 24: HIsmelt Technology Key Principles
HISMELT TECHNOLOGY KEY PRINCIPLES The Green Pig Iron Company For personal use only The “future of ironmaking” is here • The HIsmelt process represents a practical alternative to the blast furnace to produce pig iron • HIsmelt is a direct smelting reduction iron-making process that directly smelts pr
Slide 25: HIsmelt Technology Path to Commercialisation
HISMELT TECHNOLOGY The Green Pig Iron Company For personal use only PATH TO COMMERCIALISATION 1980’s Small Scale Pilot Plant (SSSP) in Germany – 10kt/yr design 1990’s HIsmelt Research & Development Facility (HRDF) pilot plant in Kwinana, Australia, – 100kt/yr design 2000’s HIsmelt Kwinana Joint Vent
Slide 26: HIsmelt Technology Advantages
HISMELT TECHNOLOGY ADVANTAGES The Green Pig Iron Company For personal use only Green, flexible, high purity and low cost Environmental benefits Greater raw material flexibility • Reduced CO2 emissions as well as pm10, SOx, • Ability to use lower grade raw materials which are NOx, durans/furans and b
Slide 27: HIsmelt Can Convert Green DRI to Pig Iron
HISMELT CAN CONVERT GREEN DRI TO PIG IRON The Green Pig Iron Company For personal use only Single stage Circored process Future cost of hydrogen expected to be $1 - $2/kg Iron ore fines can be reduced economically by hydrogen at 600C CircoRed (Outotec) proven 20 years ago producing 500,000 tpy of ho
Slide 28: HIsmelt Technology Advantages
HISMELT TECHNOLOGY ADVANTAGES The Green Pig Iron Company For personal use only Green, flexible, high purity and low cost Lower operating costs Significantly lower capital costs Higher quality final product • Due to the elimination of front- • Due to the elimination of coke (high purity pig iron) end
Slide 29: Charring of Sustainably Harvested Biomass
CHARRING OF SUSTAINABLY HARVESTED BIOMASS The Green Pig Iron Company For personal use only Generates carbon credits to offset pig iron plant emissions – resulting in “Net Zero” carbon pig iron Generates base load renewable power Pre-Heating by Bio-Diesel Burner 3-5hr P29 | INVESTMENT HIGHLIGHTS AUGU
Slide 30: Replacing Coal with Abundant, Low Cost Renewable Biomass
REPLACING COAL WITH ABUNDANT, LOW COST The Green Pig Iron Company For personal use only RENEWABLE BIOMASS 1 To produce Green Pig Iron, Magnum uses biochar to replace coal. 2 By removing coal and using a renewable, low-cost input, Magnum’s product achieves Green certification 3 The proximate abundanc
Slide 31: Delivering to Premium USA and International Steelmakers
DELIVERING TO PREMIUM USA & INTERNATIONAL The Green Pig Iron Company For personal use only STEELMAKERS Low Cost Iron • Fully permitted iron ore mine Ore • Only iron ore operation in the Mineral District for additional resources • Large water permits Pig Iron • Will be the Only pig iron producer in W
Slide 32: Disclaimer
DISCLAIMER This presentation does not constitute an offer or invitation to subscribe for or For personal use only purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. This presentation is being furnished to you solely for your informatio
Slide 33: For More Information
FOR MORE INFORMATION For personal use only Contact: Registered Office: Neil Goodman, CEO Anoosh Manzoori, Chairman Level 11, 52 Phillip Street, neil@mmel.com.au info@mmel.com.au Sydney NSW 2000 Telephone: +61 8 6280 0245 KG Capital Partners Fax: +61 8 9381 2855 Justin Klintberg Tom Gunnersen Email:
Magnum Mining and Exploration — Investor Presentation (August 2022) on 6ix