Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Battery Minerals — Noosa Mining and Exploration Investor Conference July 2018
33 slides from Waratah Minerals's conference presentation, July 2018
Slide 1: Fast-tracking Montepuez & Balama Projects
Fast-tracking Montepuez & Balama Projects Noosa Mining and Exploration Investor Conference Presentation July 2018 1
Slide 2: Presentation Summary
Presentation Summary 1.Market 2.Company 3.Projects 4.Growth 5.Next Steps 2
Slide 3: Market Disruption and LiB Adoption
Market Disruption and LiB Adoption1 1. LiB Energy Density increase 1995(14% pa) 2017(>20%pa) 2013 US$800 kwhr, 2018 US$130/kwhr 2. Computing power increase @ 40% pa ($600 in 2018 v >$600M in ~1973) 3. LiDAR US$150,000 (2012) US$90 (2018) 4. PV US$76/w (1977), US$0.12/kw (2016), US$0.02 per kilowatt
Slide 4: NEV sales driving all battery materials
NEV sales driving all battery materials 4
Slide 5: CRU – Graphite Demand
CRU - Graphite Demand Figure 8 Graphite demand by source, kt 4500 - 4000 + 3500 + 3000 + 2500 + 2000 + 1500 + 1000 500 0 1 1 1 1 1 1 2017 2018 2019 2020 2021 2022 2023 1 1 @ Natural graphite m@ Synthetic graphite
Slide 6: CRU – Graphite Demand
CRU - Graphite Dema Figure 9 Natural graphite end use demand, kt 2500 5 1500 | mw a = 1000 + mma 500 + 0) r r r r r 1 2017 2018 2019 2020 2021 2022 2023 m Refractory & Foundry @ Carburisation Lubricants @ Friction products Li-ion batteries Graphite shapes m Expanded graphite Carbon brushes m Other u
Slide 7: Roskill - Consumption of graphite by application, 2017 & 2027
Roskill - Consumption of graphite by application, 2017 & 2027 Consumption of graphite growing by 2 million tonnes between 2017 & 2027 From: Natural and Synthetic Graphite: Global Industry, Markets and Outlook, 2018, Source: Roskill 7
Slide 8: Forecast consumption of graphite for batteries 2017-2027
Forecast consumption of graphite for batteries 2017-2027 Forecast consumption of graphite by type and battery application compared with the market for lithium-ion batteries, 2017-2027 From: Natural and Synthetic Graphite: Global Industry, Markets and Outlook, 2018, Source: Roskill 8
Slide 9: 800% increase in forecast consumption
Roskill - Forecast consumption of graphite 2017-2027 800% increase in forecast consumption of raw graphite for lithium-ion battery market, 2017-2027 From: Natural and Synthetic Graphite: Global Industry, Markets and Outlook, 2018, Source: Roskill 9
Slide 10: Corporate Overview
Corporate Overview Share Price Jeff Dowling Ben Van Roon Non-Exec Chairman Chief Operating Officer David Flanagan Tony Walsh Managing Director Company Secretary & GM Corporate Brett Smith Jeff Dawkins Non Exec Director Chief Financial Officer Gilbert George Naomi Scott Non Exec Director General Coun
Slide 11: Significant progress, value and opportunity
Significant progress, value and opportunity 1. Project Finance is next key milestone 2. First exports ~12 months from project finance completion 3. Mining licence granted 4. 4 offtake agreements covering ~80% of Montepuez stage 1. 100% first year production 5. Our customers supply full range of indu
Slide 12: Montepuez an Exceptional first Project
Montepuez an Exceptional first Project Montepuez Graphite Project 2 VES (First Module) Annual graphite production 45,000 – 50,000pa Capex (pre-production) US$42.3 M Opex (concentrate/t)7 US$337/t Grade processed 12% TGC Plant Type and Scale Modular, ~500ktpa Projected Payback <2 years5 Net Operating
Slide 13: Crushing Material for Road Construction
Crushing Material for Road Construction 13
Slide 14: Haul Road Earthworks Underway
Haul Road Earthworks Underway 14
Slide 15: Permanent Camp Construction
Permanent Camp Construction 15
Slide 16: Community Advisory Committee Project Update
Community Advisory Committee Project Update 16
Slide 17: Plant Site Ground Preparation
Plant Site Ground Preparation 17
Slide 18: Tailings Storage Facility (TFS)
Tailings Storage Facility (TFS) 18
Slide 19: TSF Key Drain and Wall construction
TSF Key Drain and Wall construction 19
Slide 20: Montepuez Local Market Garden
Montepuez Local Market Garden 20
Slide 21: Montepuez Detailed Drilling Confirms Potential
Montepuez Detailed Drilling Confirms Potential Elephant deposit, comprised 240 holes for 4,968 metres drilled to refusal using blade RC aircore technique. The results include: ▪ EL028A, 37 metres at 13.49% TGC from surface, ▪ EL058A, 20 metres at 15.61%TGC from 2 metres, ▪ EL078A, 24 metres at 16.07
Slide 22: Montepuez Exploration Target – Additional Growth 300-400MT @ 5-10 % TGC
Montepuez Exploration Target – Additional Growth 300-400MT @ 5-10 % TGC1 • 5 VTEM target areas • Only 15-20% of targets have been drilled • VTEM conductors remain largely untested • All deposits remain open at depth and along strike • Potential for 300- 400Mt @ 5-10% TGC1 • Buffalo deposit drilling
Slide 23: Balama Scoping Study Outcomes
Balama Scoping Study Outcomes Balama Graphite Project 2 Scoping Study Annual graphite production 50,000 – 55,000pa Capex (pre-production) US$50 M Opex (concentrate/t)6 US$372/t Grade Processed 10.6% TGC Plant Type and Scale Modular, ~550ktpa Projected Payback <1.5 years5 Net Operating Cash Flow >US$
Slide 24: Next 20 months targets
Next 20 months targets • Finalise debt and equity funding for Montepuez Stage 1 • Complete early stage site works, camp, roads and civils • Delivery of long lead items to site • Balama Feasibility Study • Resource Updates • Complete construction and complete commissioning • First Exports • Complete
Slide 25: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Forward Looking Statements published data for which Competent Persons consents were periodic and continuous disclosure announcements lodged with obtained. Their consents remain in place for subsequent releases the ASX, which are available on the Battery Miner
Slide 26: APPENDICES
APPENDICES • Graphite Price Trend Jan 2016 to June 2018 - Montepuez • Graphite Price Trend Jan 2016 to June 2018 - Balama Central • Key Milestones for BAT • Mineral Resources and Ore Reserves (slides 30 to 33) 26
Slide 27: Graphite Price Trend Jan 2016 to June 2018
Graphite Price Trend Jan 2016 to June 2018 Graphite commodity prices have steadily improved since March/April 2017 Montepuez: Battery Minerals - Flake Graphite Concentrate Sizing Flake size Flake size % of Flake size TGC grade (mesh) (micron) concentrate Fine -100 Mesh 0 - 150 71.9% 97.0% Medium +10
Slide 28: Graphite Price Trend Jan 2016 to June 2018 (cont)
Graphite Price Trend Jan 2016 to June 2018(cont) Balama Central Graphite Project ▪ Higher Jumbo and Large flake product ▪ Higher basket price of circa US$1,220/t Balama Central Battery Minerals - Flake Graphite Concentrate Sizing Flake size % of Flake size Flake size (mesh) TGC grade (micron) concen
Slide 29: Key Milestones for BAT
Key Milestones for BAT Milestone Status • Environmental Impact Assessment ✓ Completed and Approved, 2017 • PFS,DFS and Value Engineering Studies ✓ Completed, 2017 • Detailed engineering, early works & procurement ✓ Completed • Port Allocation from government for Pemba port ✓ 100,000tpa export capaci
Slide 30: Montepuez Ore Reserves and Mineral Resources
Montepuez Ore Reserves and Mineral Resources • Ore Reserve Estimate January 2017 for Buffalo and Elephant deposits is 41.4Mt @ 8.80% TGC for 3.64Mt of graphite reported at a cut-off grade of 4% TGC • Total Mineral Resource July 2018 and January 2017 for Elephant and Buffalo deposits is 115.6Mt @ 7.5
Slide 31: Montepuez Mineral Resource Statement
Montepuez Mineral Resource Statement Total Mineral Resource July 2018 and January 2017 for Elephant and Buffalo Elephant deposits is 115.6Mt @ 7.51% TGC for 8.62Mt of graphite reported at a 2.5% TGC cut-off ELEPHANT RESOURCE @ 2.5% TGC cut-off – July 2018 Contained Tonnes TGC Classification Type Gra
Slide 32: Balama Central Mineral Resource (1)
Balama Central Mineral Resource (1) Total Mineral Resource for Balama Central is 32.9 million tonnes at 10.2 per cent TGC for 3.36Mt of graphite reported at a 6.0% TGC cut-off and includes Indicated Resources of 26Mt @ 10.3% TGC for 2,733Kt of graphite reported at a 6.0% TGC cut-off BALAMA CENTRAL G
Slide 33: Balama Central Mineral Resource (2)
Balama Central Mineral Resource (2) Total Mineral Resource for Balama Central is 32.9 million tonnes at 10.2 per cent TGC for 3.36Mt of graphite reported at a 6.0% TGC cut-off and includes Indicated Resources of 26Mt @ 10.3% TGC1 for 2,733Kt of graphite reported at a 6.0% TGC cut-off Balama Central
Battery Minerals — Noosa Mining and Exploration Investor Conference July 2018 on 6ix