Estrella Resources Limited · ASX:ESR
Estrella Resources — Investor Presentation (May 2023)
20 slides from Estrella Resources's investor presentation, May 25, 2023
Slide 1: For personal use only
For personal use only
Slide 2: Disclaimer & Declaration
Disclaimer & Declaration This presentation has been prepared by Estrella Resources Limited (“ESR”) as a summary of the company’s exploration and development activities. For personal use only No Offer of Securities The presentation is not, and should not, be considered as an offer or invitation to su
Slide 3: Estrella – At A Glance
Estrella – At A Glance WA-focussed nickel explorer transitioning into production in a Tier-1 For personal use only mining and processing jurisdiction with highly experienced board and management team Spargoville Nickel Sulphide Project (100%-owned) 20km South-West of Kambalda and since being ident
Slide 4: Spargoville – Right Time For New Mine Developments
Spargoville – Right Time For New Mine Developments With major appreciation in the nickel price, time is right to rapidly For personal use only transition 100%-owned Spargoville nickel sulphide project to a producing asset Acquired via the purchase of WA Nickel Pty Ltd in 2017 when nickel projects
Slide 5: 5A Nickel Deposit: DFS is well advanced
5A Nickel Deposit: DFS is well advanced 2,413 WMT of 5A Ore delivered to Glencore. Bulk sample performed as expected through Murrin Murrin HPAL Plant For personal use only All deleterious elements within Glencore off- take agreement specifications Final nickel grade and performance expected to
Slide 6: 5A Nickel Deposit: A potential early nickel producing opportunity
5A Nickel Deposit: A potential early nickel producing opportunity Definitive Feasibility Study (DFS) well advanced For personal use only Progressing with underground mining method after evaluation against an open pit cut-back Clear advantages to underground mining which assist project economics
Slide 7: Spargoville – Other Potential Near-Term Production Assets
Spargoville – Other Potential Near-Term Production Assets For personal use only 5D (Andrew’s) Deposit 1A Deposit 5B Deposit Potential westerly continuation of the Lies 4km north of 5A, 5B & 5D and is 5A komatiite channel and larger and another Kambalda-style channel Kambalda-style komatiite de
Slide 8: Spargoville - In the Nickel Supply Chain for Green Energy Solutions
Spargoville - In the Nickel Supply Chain for Green Energy Solutions For personal use only Estrella is focusing efforts toward the production of nickel sulphide, used for green energy solutions, starting with the development of the 5A nickel mine WESTERN AUSTRALIA Nickel Sulphide Nickel Mining Purifi
Slide 9: Carr Boyd Nickel Project (100% owned)
Carr Boyd Nickel Project (100% owned) For personal use only Continuous tenure covering 259km2 Tenements cover a large mafic igneous complex with multiple nickel and copper sulphide occurrences – most significant being the Carr Boyd mine Carr Boyd has delivered total production of 202,100t at 1
Slide 10: Carr Boyd: A Large-Scale Opportunity
Carr Boyd: A Lage-Scale Opportunity The Carr Boyd Igneous Complex is a major For personal use only structural anomaly covering approximately 75km2 While the Carr Boyd nickel deposit first discovered in 1968 it has received limited further exploration Historical work at Carr Boyd consisted of 2
Slide 11: Carr Boyd Exploration Target, Maiden T5 MRE
Carr Boyd Exploration Target, Maiden T5 MRE For personal use only Carr Boyd Exploration Target of: 5Mt to 7Mt at 0.7% to 1.5% Nickel and 0.3% to 0.5% Copper Between 35,000 to 105,000 Nickel tonnes and 15,000 to 35,000 Copper tonnes Target supported by maiden T5 Inferred MRE 0.86 Mt @ 0.66%
Slide 12: Carr Boyd: A Well-endowed Mineralised Complex
Carr Boyd: A Well-endowed Mineralised Complex For personal use only Carr Boyd is a well-endowed mineralised complex, however the source of this mineralisation has historically been poorly understood Follow-up exploration has identified massive nickel sulphides throughout the complex and particul
Slide 13: Carr Boyd Exploration Review
Carr Boyd Exploration Review Exploration review conducted in partnership with CSIRO to better For personal use only understand Carr Boyd mineralisation Review incorporates CSIRO study and results from innovative seismic technology to create a more holistic understanding of when and where nickel
Slide 14: R&D Refund Advance Received
R&D Refund Advance Received Radium Capital has recently provided a $1M For personal use only advance to Estrella’s future refundable tax offset for eligible R&D expenditure conducted at Carr Boyd during FY2022-23. R&D activities primarily focused on: Testing hypothesis relating to the formatio
Slide 15: Contact
For personal use only Contact: Chris Daws Managing Director M: +61 8 9481 0389 E: info@estrellaresources.com.au
Slide 16: Appendices
For personal use only APPENDICES Estrella Resources (ASX:ESR) Investor Presentation 16
Slide 17: Overall Nickel Market
Overall Nickel Market Nickel output declines over the past years driven by slowdowns in infrastructure projects and production of nickel-based stainless steel goods in China is being offset by stronger nickel prices and demand outlook. This positive outlook includes new mines starting production, ex
Slide 18: Cathode and nickel demand are directly linked to EV battery demand growth
Cathode and nickel demand are directly linked to EV battery demand growth Nickel is a fundamental raw material in lithium-ion battery cathodes, and adding more nickel can boost a battery’s energy density, translating into more range per pound of battery For personal use only Given the commoditised n
Slide 19: Capital Structure
Capital Structure ASX Tickers ESR & ESROA For personal use only Share Price A$0.01 Market Cap A$14.8M Cash ~ A$1.3M (as at 25th May 23) Enterprise Value $13.5M FPOS 1,483,571,869 Options 389,363,575 2c exercise July 2023 (ASX:ESROA) 16,600,000 20c exercise Nov 2023 63,391,928 4c exercise Oct 2023 45
Slide 20: LME Ni Stocks vs Ni Price – what is about to give?
LME Ni Stocks vs Ni Price – what is about to give? Significant battery demand generated by rapid uptake of EVs and other supply chain issues should drive price increases For personal use only LME Cash Nickel Price Estrella Resources (ASX:ESR) Investor Presentation 20
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