Flagship Minerals Limited · ASX:FLG
Flagship Minerals — Pan Asia Metals — Investor Presentation (November 2023)
36 slides from Flagship Minerals's investor presentation, Nov 6, 2023
Slide 1: Corporate Presentation
personal use only Corporate Presentation 06 November 2023
Slide 2: Strategy In Brief
Strategy In Brief Develop strategically placed projects situated in low cost jurisdictions proximal to advanced personal use only industrial centres which position PAM for high margins and value adding opportunities THAILAND VIETNAM CHILE PAM - IRPC MOU PAM - VinES MOU Tama Atacama Li Brine Lithium
Slide 3: Driving the Future: SE Asia, the Next LIB-EV Ecosystem
Driving the Future: SE Asia, the Next LIB-EV Ecosystem VIETNAM VinFast manufacturing LIBs and EVs INDIA Samsung, Gotion and several others with personal use only Mahindra produced its first EV in 2001 Cathode Active Material and LIB initiatives More than 10 EV manufacturers in India underway Over 15
Slide 4: Thailand: SE Asia's largest EV Producer
Thailand: SE Asia's largest EV Producer RK Lithium Project personal use only THAILAND Bangkok Best positioning in the global peer group Asia: Nearly half the world’s population. Over half the world’s annual vehicle production. Nearly all of the two and three wheeler production. South-East Asia: The
Slide 5: PAM-IRPC Concentrate to CAM (MOU)
PAM-IRPC Concentrate to CAM (MOU) PA M ' S VA L U E A D D personal use only Low-cost projects, maximising value-add, potential nearer term cash flow PAM-IRPC By RK Con to CAM Association MOU Strategic Objective LIB and EV Mining to Processing to Refining to Manufacturing Concentrate Li Chemical CAM
Slide 6: PAM-IRPC Concentrate to CAM (MOU)
PAM-IRPC Concentrate to CAM (MOU) PAM - IRPC MOU to develop a Concentrate to CAM lithium chemical personal use only supply chain in Thailand, Southeast Asia's leading LIB and EV manufacturing hub What this means for PAM An important milestone for PAM and IRPC in the development of the integrated lit
Slide 7: PAM-VinES Lithium Conversion Plant (MOU)
PAM-VinES Lithium Conversion Plant (MOU) PA M ' S VA L U E A D D personal use only Low-cost projects, maximising value-add, potential nearer term cash flow PAM-VinES By Conversion Plant Association MOU Strategic Objective LIB and EV Mining to Processing to Refining to Manufacturing Concentrate Li Ch
Slide 8: PAM-VinES Lithium Conversion Plant (MOU)
PAM-VinES Lithium Conversion Plant (MOU) PAM - VinES MOU for joint Feasibility Study for a Lithium Conversion Facility personal use only to supply Li2CO3 or LiOH to VinES and other LCE consumers What this means for PAM BATTERY CELL R&D & PRODUCTION (NMCx / LFP) The VinES MOU provides PAM immediate e
Slide 9: ESG Framework
ESG Framework S U S TA I N A B I L I T Y S T R AT E G Y personal use only At Pan Asia Metals our sustainability strategy is front of mind If our community thrives, we thrive. PAM is not an island, we are situated in and around communities and therefore, we need to focus on delivering outcomes which
Slide 10: Corporate Snapshot
personal use only Corporate Snapshot OVERVIEW • PAM is an ethically based battery metals explorer and developer • The only lithium project developer with licensed projects and Mineral Resources in SE Asia • Located in close proximity to the largest motor vehicle production hub in the region • Holds
Slide 11: Corporate Snapshot
Corporate Snapshot Pan Asia Metals has a clean and simple capital structure personal use only The Board and Management have real skin in the game Capital Structure1 Key Shareholders2 Market Cap1a $26.0M @ 15c/share Paul Lock 45.4M 26.2% Cash1b $ 2.8M Sydney Equities Pty. Ltd.2a 16.5M 9.5% Shares on
Slide 12: Our People - Board of Directors
Our People - Board of Directors WHY US? personal use only Introducing the Board: The people who understand Southeast Asia Paul Lock David Hobby Chairman Technical Director & Managing Director & Chief Geologist • Focused on mineral resources in Southeast Asia since 2012 • David is an Economic Geologi
Slide 13: Our People - Executives
Our People - Executives WHY US? personal use only Introducing the Team: The Management & Executives at Pan Asia Metals Paul Lock David Hobby Kampon Nillapongse Elissa Hansen Patrick Chang Tish Koh Chairman Technical Director Chief Executive Officer Company Secretary Investor Relations Communications
Slide 14: Lepidolite in Context
personal use only Lepidolite in Context OVERVIEW • Circa 18% of 2021 global hard rock sourced Li2CO3 production originated from lepidolite • Wood MacKensie places 'established' lepidolite sourced Li2CO3 production in the bottom third of the hard rock LCE cost curve5 • Like all sources of lithium, le
Slide 15: The Cost Curve
The Cost Curve LEPIDOLITE IN CONTEXT personal use only Lepidolite as a source of lithium chemicals is not new and higher grade well situated projects have distinct cost advantages5,6 Circa 18% of 2021 global hard rock sourced Li2CO3 production came from lepidolite LCE Cost Curve (Hard Rock) | Lepido
Slide 16: Chemical Processing Strategy
Chemical Processing Strategy Lepidolite is being converted into battery grade Lithium Carbonate cost competitively, personal use only the processing chemistry is simple and has been de-risked PAM seeks opportunities which present options for low production costs, near to zero waste streams, and low
Slide 17: Testwork Results
Testwork Results PAM's results to date are highly encouraging personal use only Li Recoveries to Li Recoveries into Li Recoveries into Mineral Resource Ore Sorting Results Target Feed Grade Freedom to Operate Concentrate Solution Li2CO3 0.45% Li2O 0.92% Li2O 0.75 - 0.90% Li2O Up to 87% Li2O Up to 88
Slide 18: Our Lead Project: RK Lithium Project
Our Lead Project personal use only RK Lithium Project PROJECT OVERVIEW • RK Lithium Prospect • 14.8MT @ 0.45% Li2O Mineral Resource (JORC 2012) • 7.8Mt (53%) in Measured and 3.3Mt (22%) in Indicated categories • Optical ore sorting increases grade from 0.5% Li2O to 0.92% Li2O • PFS underway, excepti
Slide 19: The RK Lithium Project
The RK Lithium Project 240MW Hydro Power on Grid BT Lithium Prospect personal use only Exploration Target (JORC 2012) 16-25MT @ 0.4%-0.7% Li2O JSPL 1/2562 (ASX: 10 July, 2023) KT Lithium Project ~30km Rajjaprabha 240MW Hydro Power Station ~50km Roads and Wires ~1km JSPL 3/2562 JSPL 2/2562 Legend EPL
Slide 20: Our Lead Project
Our Lead Project Mineral Resources defined, feasibility work underway personal use only • PAM's projects are aligned with Thai Govt. EV and LIB manufacturing policies • PAM has Thai Federal, provincial and local Govt. and community support • PAM's projects are proximal to all required infrastructure
Slide 21: RK Lithium Prospect
Our Lead Project RK Lithium Project - RK Lithium Prospect personal use only Ore sorting test work yields exceptional results: • 61% Mass reduction, being waste siltstone generally well below cutoff • Lithium grade up from 0.50% Li2O to approximately 0.92% Li2O B 12.40m @ 30.25m @ B 0.67% Li2O 0.76%
Slide 22: RK Lithium Project - BT Lithium Prospect
Our Lead Project RK Lithium Project - BT Lithium Prospect personal use only The BT Lithium Prospect has the potential to substantially increase 62 PL 1/2 5 Pan Asia Metals' lithium inventory and grade: JS • Drill supported Exploration Target of 16.0-25.0MT @ 0.4-0.7% Li2O defined • Recent geochemica
Slide 23: RK Lithium Project - BT Lithium Prospect
Our Lead Project RK Lithium Project - BT Lithium Prospect personal use only The exceptionally high grade non-selective rock-chip samples at the BT Lithium Prospect are being drill tested: ed A nn B Pla 2.10m @ 1.07% Li2O 10.6m @ • 44 of 64 samples average 1.56% Li2O at a 0.30% Li2O cutoff 0.62% Li2O
Slide 24: Our Lead Project: Prospects
Our Lead Project PROSPECTS personal use only RK Lithium Prospect BT Lithium Prospect MINERAL RESOURCE ESTIMATE (JORC 2012) DEFINED: EXPLORATION TARGET (JORC 2012, DRILL SUPPORTED) DEFINED: 14.8MT @ 0.45% Li2O - 53% Measured and 22% Indicated 16-25MT @ 0.4-0.7% Li2O • 102 diamond core holes drilled f
Slide 25: Tama Atacama Lithium Project
personal use only Tama Atacama Lithium Project PROJECT OVERVIEW • One of the largest and most strategically positioned Li in brine projects in South America • Seven project areas hosted in the Pampa del Tamarugal basin in the northern part of the Atacama Desert, northern Chile • Project Extends ~290
Slide 26: The Tama Atacama Lithium Project
The Tama Atacama Lithium Project personal use only h ut th So as or N id es at es or n m nk or zo el Ra el Pi Po D D ne Li er w Po x ili H ~290km ~40km Iquique Pop. ~200,000 Bulk Carrier & Container Terminal Commercial Airport 75km to Project Pink Major Port Infrastructure Ample Energy inc. Solar &
Slide 27: Tama Atacama Lithium Project
Tata Atacama Lithium Project One of the largest and most strategically placed lithium projects in South America personal use only BOLIVIA World-class district Iquique Tama Atacama Li Project Brine Specific Project Area: Potential for both large scale and low cost Li supply Antofagasta 1,000km2 over
Slide 28: Tama Atacama: Pink Lithium Prospect
Tata Atacama Lithium Project The Pink Lithium Prospect positions PAM for potential high grade Li brines personal use only Block area of 600Km2 on Salar comprising a suits of high grade surface Li assays DOLORES NORTH DOLORES SOUTH POZON Sample Iquique PINK 2200ppm Li • The The Pink Lithium Prospect
Slide 29: Portfolio Project: KT Lithium Project
Portfolio Project personal use only EXPLORING A B E T T E R F U T U R E® KT Lithium Project PROJECT OVERVIEW • Five Special Prospecting Licence Applications (SPLA) in the Phang Nga Province in southern Thailand • Two blocks contain active geothermal fields with water temperatures of ~70OC at surface
Slide 30: Portfolio Project - KT Lithium Project
Portfolio Project - KT Lithium Project Rajjaprabha 240MW Hydro Power Station personal use only ~50km DSPLA5 Ge oth e Fie rma lds l DSPLA3 DSPLA2 Lit Ro hiu ck m ch gra ip DSPLA4 s u des DSPLA1 p t inc o 0 rea .27 sin % g Li2 O RK Lithium Project ~30km License / Application Boundary Larger Hist. Tin
Slide 31: Portfolio Project - KT Lithium Project
Portfolio Project - KT Lithium Project PROSPECTS personal use only Project Geology PAM is Positioned for a Low to Zero Carbon Footprint • Little modern exploration has been undertaken in the region • Located 30km to the north of the RK Lithium Project. • KT enhances PAM’s competitive positioning: •
Slide 32: Important Information
personal use only Important Information + 32
Slide 33: Disclaimer and Important Information
Disclaimer and Important Information Disclaimer Important personal use only This presentation has been prepared by Pan Asia Metals Limited, a Singapore based company with Reg. To the extent permitted by law, PAM and its officers, employees, related bodies corporate and agents (Agents) No. 201729187E
Slide 34: Important Information
Important Information Competent Persons Statement (Excluding RK Lithium Project MRE) is inclusive of: i. 3.0m shares to be issued to the Anadara Battery Transition Fund (ABTF) at $0.40/share, which will personal use only occur upon receipt of funds committed by ABTF in the private placement announce
Slide 35: Important Information: Relevant ASX Releases
Important Information Relevant ASX Releases 11 Jun 2022: Drilling Update – Reung Kiet Lithium Project 02 nOV 2023: Reung Kiet Lithium Project Mineral Resource Update personal use only 27 Jul 2022: Reung Kiet Lithium Project - Exploration Target Readers are advised to refer to the following ASX relea
Slide 36: Explore a Better Future
personal use only Explore a Better Future ® panasiametals.com Copyright 2023 Pan Asia Metals Limited. All Rights Reserved. 36
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