Morien Resources Corp. · TSXV:MOX
Morien Resources — Investor Presentation (January 2023)
22 slides from Morien Resources's investor presentation, January 2023
Slide 1: MOX Corporate Presentation | January 2023
TSX-V Dividends | Buybacks | Growth MOX Corporate Presentation | January 2023 Donkin headland
Slide 2: Disclaimer
Disclaimer The information in this presentation is provided as of July, 2022, for information purposes only, and may constitute "forward-looking information" as defined under applicable securities laws. All statements in this presentation other than statements of historical fact, including those tha
Slide 3: Morien's Performance - 2022
Morien’s Performance - 2022 2022 Share Price Performance (Morien vs. 24 TSX/TSX-V Mining Royalty Companies) 300% 250% +225% 200% Morien Resources 150% 100% 50% 24 x TSX & TSX-V Mining Royalty Co’s +60% 0% -50% -45% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 3
Slide 4: Recent Milestones
Recent Milestones Sept 2022 Oct 2022 Dec 2022 Production restarted Donkin Mine starts Morien restarts quarterly at the Donkin Mine commercial sales dividend program 4
Slide 5: Corporate Snapshot (TSX-V: MOX)
Corporate Snapshot (TSX-V: MOX) Capital Structure Ownership Summary Morien Mgmt & Directors Basic shares outstanding 50.4 mln The Cline Group Options 4.2 mln Retail 15% 12% Warrants nil Fully diluted shares outstanding 54.4 mln Share price $0.70 52-week high / low $0.86 / $0.19 Market cap $35 mln Wo
Slide 6: Leadership
Leadership John P.A. Budreski Dawson C. Brisco Susanne H. Willett Mary C. Ritchie John P. Byrne Charles G. Pitcher Executive Chairman Director, President, CEO Chief Financial Officer Director Director Director Capital Markets and Professional geologist Qualified CPA, CA FCPA, CPA, extensive Investme
Slide 7: Why We Are Different
Why We Are Different Shareholder Alignment Share buy backs; dividends; low corporate overheads; no debt High Demand Sectors Bulk commodities; steelmaking coal and aggregate (high demand, limited supply) Long-Life Assets 20+ years (Donkin Mine); 50+ years (Black Point project) Highly Experienced Oper
Slide 8: Disciplined Improvement
Disciplined Improvement Insider Ownership Corporate Overheads Share Buybacks % Ownership (Mgmt & Dir) Millions Millions 16% $1.20 60 14% -17% $1.00 50 +10% 12% $0.80 40 10% -52% 8% $0.60 30 6% $0.40 20 4% $0.20 10 2% 0% $0.00 0 2015 2022 2015 2021 2015 2022 8
Slide 9: Q4-2022 Buying Activity
20 $- 22 - Share Price $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 20 09- 22 01 - 20 09- 22 06 - 20 09- 22 11 - 20 09- x 22 16 - 20 09- x 22 21 - 20 09- 22 26 - 20 10- 22 01 - 20 10- 22 06 - 20 10- Q4-2022 Buying Activity 22 11 - 20 10- 22 16 - 20 10- 22 21 - x 20 10- 22 26 x Morien normal
Slide 10: Among Lowest Share Count Versus Royalty Peers
Vo x (000,000) 100 120 140 160 180 > 200 0 20 40 60 80 Al R tiu oya s M M l ty et in al er La MMo o la al s br ad rirei e R nn oy or RR a Iro eess lty n o o O uurrcc re ee Ro s Ro y al y ty St al G ar o Ro l d Si y ti o alt ie Sa Roy s il f al ti e N is h s ic R ke oy l2 al El t ec 8 C y tri ap c U
Slide 11: Bulk Commodity Royalty Assets
Bulk Commodity Royalty Assets Donkin Steelmaking Coal Mine (Producing) Production Royalty with The Cline Group Black Point Aggregate Project (Permitted) Production Royalty with Vulcan Materials 11
Slide 12: Royalty Snapshot
Royalty Snapshot Donkin Steelmaking Coal Mine Black Point Aggregate Project § Producing and paying royalties to § Permitted and paying $25k/quarter Morien. advanced minimum royalty to Morien. § Vital ingredient in manufacturing of § Vital ingredient in manufacturing of steel; buildings, bridges, rap
Slide 13: Donkin's Exceptional Infrastructure Advantage
Donkin’s Exceptional Infrastructure Advantage DEEPWATER HARBOUR DONKIN MINE SITE MINED-OUT AREA 1863-2001: 258 mln tonnes coal mined Ongoing $4.5 mln program from Canadian Over $250 million invested by The Cline Coast Guard to allow Capesize vessel entry. 1 Group into the mine since 2015. PEV COAL E
Slide 14: Sydney Harbour and PEV Coal Terminal
Sydney Harbour and PEV Coal Terminal PEV Coal Terminal 14
Slide 15: Donkin Update
Donkin Update Operation Two, operating underground coal sections Staffing Approximately 130 staff working on site Production Ramping up to 3.6 mln tonne/year run-of-mine (washes to approx. 3.0 mln tonne/year)2 Washplant Fully operational; producing high-vol semi-soft product & high energy thermal pr
Slide 16: Highly Levered Donkin Royalty
Highly Levered Donkin Royalty Annual Royalty at 3 mln Tonnes Saleable Production4 Coal Price ($CAD) $100 / tonne $200 / tonne $300 / tonne $400 / tonne $35 ANNUAL ROYALTY ($CAD MILLIONS) $31 $30 $25 $23 $20 $15 $15 $10 $7 $5 $0 3.0 ANNUAL SALEABLE PRODUCTION (MILLION TONNES) 16
Slide 17: Quarterly Dividend Program
Quarterly Dividend Program Unique Dividend Calculator on § Morien Board of Directors approved Morien Website5 the reinstatement of a quarterly dividend program in December 2022 § Declared a special dividend of $0.005/share payable in December 2022 § Quarterly dividend of $0.0025/share commencing in
Slide 18: Global Coal Demand Hits Highest Level on Record in 2021 & 22
Global Coal Demand Hits Highest Level on Record in 2021 & 2022 Global Steelmaking Coal Demand6 Global Thermal Coal Demand6 Billion Tonnes Billion Tonnes 1.2 7.0 1.0 6.0 5.0 0.8 4.0 0.6 3.0 Forecast Forecast 0.4 2.0 Forecast Forecast 0.2 1.0 0.0 0.0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2
Slide 19: Morien - Own it For These Reasons
Morien - Own it For These Reasons § Unique business model designed to reward shareholders § Valuation expansion and re-rate potential as Donkin scales up production § Over $250 million invested by The Cline Group into Donkin since 2015 § Long-life royalties; 20+ years at Donkin and 50+ years at Blac
Slide 20: TSX-V: MOX
1701 Hollis St, Suite 800 Halifax, Nova Scotia Canada, B3J 3M8 Tel: 902-466-7255 John P. A. Budreski Dawson C. Brisco Susanne H. Willett Executive Chairman President & CEO CFO TSX-V: MOX www.MorienRes.com info@morienres.com
Slide 21: Forward Looking Statements
Forward Looking Statements Some of the statements made by Morien Resources Corp. (“Morien”) in this presentation may constitute "forward-looking information" as defined under applicable securities laws. All statements in this presentation other than statements of historical fact, including those tha
Slide 22: Footnotes
Footnotes 1) Government of Canada media statement: Canadian Coast Guard investing in new Aids to Navigation System for Sydney Harbour, July 16, 2021 2) Donkin Export Coking Coal Project Environmental Assessment, July 2012. Saleable production volumes are dependent on the yield of the onsite coal han
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