Mineral Resources Limited · ASX:MIN
Mineral Resources — Macquarie Australia Conference 2022
19 slides from Mineral Resources's conference presentation, May 4, 2022
Slide 1: Macquarie Australia Conference Presentation
4 May 2022 Macquarie Australia Conference Presentation Mineral Resources Limited (ASX:MIN; MinRes or Company) advises Managing Director, Chris Ellison will be presenting at the Macquarie Australia Conference on Wednesday, 4 May 2022. A copy of the presentation is attached to this release and will al
Slide 2: Macquarie Australia Conference
MACQUARIE AUSTRALIA CONFERENCE 4 MAY 2022
Slide 3: Agenda
AGENDA THE MINRES BUSINESS 3 Mining Services 6 Lithium 8 Iron Ore 12 Energy 15 TAKEAWAYS 16 2
Slide 4: Our Track Record
OUR TRACK RECORD 1992 2006 450 $100M +5,000 $11bn 2022 COMPANY ASX LISTING EMPLOYEES EMPLOYEES MARKET CAP MARKET CAP ASX 100 FOUNDED 23%pa ROIC1 | 32%pa TSR2 | $8.56 dps3 Lockyer Deep Wonmunna Next Yilgarn Next Gen 1 Iron Ore Gen 2 Christmas Wodgina Christmas Creek 2 Nammuldi Iron Valley MARBL JV Li
Slide 5: Socially Responsible
SOCIALLY RESPONSIBLE SAFETY AND WELLBEING ENVIRONMENT COMMUNITY PEOPLE Financial and social 5,000 employees and Safety focus – no LTIs, Net Zero operational benefits for traditional contractors TRIFR 2.561 emissions by 2050 owners Platinum rated workplaces – Transitioning to solar 1542 entry level e
Slide 6: Our Business Core Pillars
OUR BUSINESS 4 CORE PILLARS MINING SERVICES LITHIUM IRON ORE ENERGY • One of Australia's largest • Top 5 global lithium producer • Top 5 Australian iron ore producer • Transitioning to lower cost mining services contractors greener energy sources • Tier 1 assets – in Tier 1 location • 20Mtpa capacit
Slide 7: Mining Services
MINING SERVICES Integrated pit-to-port service offering across the mining supply chain CRUSHING AND MINING HAULAGE TRANSHIPPING AIRPORTS AND CAMPS PROCESSING • Build, own, operate (BOO) • Mine planning/technical • Pit-to-port solutions • 20,000 tonne capacity • BOO camps and crushing, screening and
Slide 8: Mining Services Volumes
MINING SERVICES VOLUMES Delivered volume and margin growth – Expect to average 15-20% yoy growth over next 5 years Mining Services production-related contract tonnes1 Mining Services less Construction underlying EBITDA2 1.84 1.89 500 2.0 1.70 1.75 300 CAGR = 35% 400 250 1.5 (million wet metric tonne
Slide 9: Lithium
LITHIUM Well positioned to capitilise on the continued growth of the global electrical vehicle market EV penetration by region (Wood Mackenzie) Historical Lithium prices1,2 • Strong market fundamentals 90% Lithium Spodumene Concentrate (LHS) US 3,000 84,000 Lithium Hydroxide (RHS) • High barriers to
Slide 10: Mt Marion Asset Overview
MT MARION ASSET OVERVIEW Two stage upgrade to 900ktpa1 anticipated by December 2022 • 50/50 JV with Jiangxi Ganfeng Lithium Co (Ganfeng) • FY22 guidance: 450-475ktpa1 at A$570-615/t • Stage 1 upgrade – 600ktpa1 (mixed grade) underway • Stage 2 upgrade in progress – 900ktpa1 (mixed grade) expected by
Slide 11: Wodgina Asset Overview
WODGINA ASSET OVERVIEW Significant production and cash generation ramp-up • 40/60 JV with Albemarle Corporation Inc (Albemarle/ALB) • Non-binding agreement to move to 50/501 • One of the largest hard rock lithium deposits globally • Long life asset, greater than ~30 years • Production capacity of 75
Slide 12: Lithium Hydroxide Conversion
LITHIUM HYDROXIDE CONVERSION Targeting all spodumene concentrate converted to lithium hydroxide within 4 years Kemerton Hydroxide Plant (60/40 ALB/MIN) • Albemarle responsible for life-of-mine feed, operation, marketing and sales • 50ktpa hydroxide plant (2 x 25ktpa trains) • MinRes share 20ktpa Wod
Slide 13: Iron Ore
IRON ORE Proven iron ore operator with material and scalable growth opportunities in a Tier 1 operating jurisdiction OPERATING ASSETS – SOLID FOUNDATION PROJECTS IN DEVELOPMENT – NEAR TERM GROWTH YILGARN HUB UTAH POINT HUB ASHBURTON HUB PILBARA HUB • 100% MinRes owned • 100% MinRes owned • JV Partne
Slide 14: Ashburton Hub Development
IRON ORE ASHBURTON HUB DEVELOPMENT Large, low cost, long life sustainable iron ore project with strong joint venture partners Project highlights • 30Mtpa capacity and over 30 year expected mine life1 1 • Low capital intensity; Capex A$2.40-2.55bn1 1 • Two year development • Final investment decision
Slide 15: Pilbara Hub Asset Overview
PILBARA HUB ASSET OVERVIEW Landmark rail and port agreement unlocks stranded iron ore assets Mine • JV Partner: Brockman Mining (50%) • >20Mtpa1 ~30+ year life, Fe 60.5% • MinRes to manage Infrastructure • MinRes/Hancock/Roy Hill JV shared rail and port access1 • Stanley Point berth 3 approved by WA
Slide 16: Energy
ENERGY Gas – Low cost energy security and part of transition to Net Zero Perth Basin • Largest landholder1 • Significant gas discovery (Lockyer Deep 1) • Production testing completed in March 2022 • Very low impurities – clean natural gas • Anticipated low-cost gas based on proximity to infrastructu
Slide 17: Key Takeaways
KEY TAKEAWAYS Strong management team, enduring strategy and excellent track record MINING SERVICES IRON ORE TIER ONE CLIENTS DEVELOP THREE LONG LIFE, & JV PARTNERS Double in 5 years 20Mtpa to 70Mtpa+ in 5 years1 LOW COST HUBS • Iron Ore • Ashburton • Lithium • Pilbara • Gold • Yilgarn Magnetite LONG
Slide 18: Disclaimer
DISCLAIMER This presentation should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into
Slide 19: Investor Relations
INVESTOR RELATIONS Chris Chong Investor Relations Manager T +61 8 9329 0213 E chris.chong@mrl.com.au OFFICE: 1 Sleat Road, Applecross, WA 6153 POSTAL: PO Locked Bag 3, Canning Bridge LPO, Applecross, WA 6153 P +61 8 9329 3600 F +61 8 9329 3601 www.mineralresources.com.au ASX:MIN 18
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