Contango Holdings Plc · LSE:CGO
Contango — Investor Presentation (July 2023)
23 slides from Contango's investor presentation, July 2023
Slide 1: Muchesu Coal Project
MUCHESU COAL PROJECT July 2023 JULY 2023 CONTANGO INVESTOR PRESENTATION 1
Slide 2: Disclaimer
DISCLAIMER This presentation (“Presentation”), and the information contained herein, is not for general release, distribution or regarding the Ordinary Shares or an investment therein. The Ordinary Shares have not been and will not be reg- istered publication into or in any othe r jurisdiction where
Slide 3: Overview: Muchesu Coal Project
OVERVIEW MUCHESU COAL PROJECT UNLOCKING THE 2.6Bn TONNE RESOURCE INTO CASHFLOW Coking Coal First production of washed coking coal commenced in Q2 2023 First revenue expected in August 2023 with attractive margins Further optimisation and expansion currently underway Entered into new offtake with Tra
Slide 4: Strategy: Delivering Coal into Buoyant Coal Markets
STRATEGY DELIVERING COAL INTO BUOYANT COAL MARKETS • The macro demand and supply picture • Contango commenced production of • The company raised £7.5m through a remains favourable for coking coal and washed coking coal in May 2023 placing (at 6p) in Q4 2022 to fund coke, having seen record prices in
Slide 5: Road Map: Becoming a Fully Integrated Producer of Coke
ROAD MAP BECOMING A FULLY INTEGRATED PRODUCER OF COKE Mid-2024 • Install coke batteries and produce coke H2 2023 • Enlarged offtake signed • First revenue received Q1 2023 • Production expansion • Delivery of Wirtgen surface miner • Additional offtake and/or strategic • Opening of initial coking coa
Slide 6: Corporate Overview
CORPORATE OVERVIEW 52 Week Share Price (p) Capital Structure as at 14 July 2023 LSE GCO 9 Issued Share Capital 472,724,023 8 Mkt Cap ~£20M 7 Warrants 117.3M (@9.9p VWAP) 6 52 Week H-L 3.7p-8.0p 5 4.3 4 3 2 1 Shareholders % 0 RAB Capital 44,848,482 11.2 Namdar Family Holdings LLC 41,666,667 8.8 Avast
Slide 7: The Board
THE BOARD CARL ESPREY GORDON THOMPSON Chief Executive Officer Non-Executive Director Carl qualified as a Chartered Accountant and Chartered Financial Analyst, and has built an Gordon is a member of the Engineering Council of South Africa ECSA. Gordon is a qualified expansive career in the natural re
Slide 8: Selected Management
SELECTED MANAGEMENT JACQUES CORMACK SIPHATHISIWE NKOMO Country Manager, Zimbabwe Marketing Manager Mr. Cormack has significant experience in operations management and is the Managing Director Ms Siphathisiwe Nkomo (Phathi) holds a Bachelors in Business Administration from the of Monaf Investments PV
Slide 9: The Muchesu Coal Project
THE MUCHESU COAL PROJECT Muchesu Coal Project Zimbabwe ZIMBABWE JULY 2023 CONTANGO INVESTOR PRESENTATION 9
Slide 10: Current Development - Coking Coal
CURRENT DEVELOPMENT - COKING COAL • Existing production is from Block 2 which contains an estimated 96MT of coking coal • Contango will have the potential to mine wash & sell up to 240Ktpa under existing offtake • Additional washing capacity can be added by installing further wash plants at a cost o
Slide 11: Fully Integrated Coke Producer
FULLY INTEGRATED COKE PRODUCER • The company intends to manufacture coke at site, which has the potential to increase margins from c.$80/t to over $300/t • Sales will target South African and global ferro-alloy and industrial markets • Numerous discussions held with a mixture of commodity traders an
Slide 12: Summary
SUMMARY Asset • Muchesu is a strategic coal asset in Southern Africa • Over 2.6bn tonnes of coking and thermal coal • Site infrastructure installed • Wash plant installed in Q2 2023 • Completed coking coal tests confirm high quality coking coal/coke product that can be sold globally Value • Contango
Slide 13: Appendix & Project Gallery
Appendix & Project Gallery JULY 2023 CONTANGO INVESTOR PRESENTATION 13
Slide 14: Resource Table - As at April 2018
RESOURCE TABLE - AS AT 30 APRIL 2018 Bl ock Seam Pl y Thi ck Area Vol ume Density GTIS (Mt) Dri l l Grid Confi dence Geological TTIS (Mt) (m) (mm²) (mm²) (ton/m³) (m xm) Level Los s (%) B1 ALL ALL 26.78 0.022 0579 1.675 0.968 147 INFERRED 20 0.774 B2 ALL ALL 36.33 16.452 499.960 1.652 881.601 490 IN
Slide 15: Mining Coking Coal for Wash Plant
MINING COKING COAL FOR WASH PLANT JULY 2023 CONTANGO INVESTOR PRESENTATION 15
Slide 16: Surface Miner
SURFACE MINER JULY 2023 CONTANGO INVESTOR PRESENTATION 16
Slide 17: Wash Plant & Settling Ponds
WASH PLANT & SETTLING PONDS JULY 2023 CONTANGO INVESTOR PRESENTATION 17
Slide 18: Wash Plant
WASH PLANT JULY 2023 CONTANGO INVESTOR PRESENTATION 18
Slide 19: Wash Plant
WASH PLANT JULY 2023 CONTANGO INVESTOR PRESENTATION 19
Slide 20: Wash Plant
WASH PLANT JULY 2023 CONTANGO INVESTOR PRESENTATION 20
Slide 21: Static Screen I
STATIC SCREEN I JULY 2023 CONTANGO INVESTOR PRESENTATION 21
Slide 22: Static Screen II
STATIC SCREEN II JULY 2023 CONTANGO INVESTOR PRESENTATION 22
Slide 23: Contact
Contact Carl Esprey – carl.esprey@contango-holdings-plc.co.uk Oliver Stansfield – oliver.stansfield@tavira.group JUNE 2023 CONTANGO INVESTOR PRESENTATION 23
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