Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Investor Presentation (December 2023)
20 slides from Pursuit Minerals's investor presentation, Dec 13, 2023
Slide 1: Investor Webinar Presentation (ASX Release)
ASX RELEASE 13 December 2023 INVESTOR WEBINAR PRESENTATION Pursuit Minerals Ltd (ASX: PUR) (“PUR”, “Pursuit” or the “Company”) is pleased to provide a copy of the presentation provided at today’s Investor Webinar by Managing Director & CEO Mr. Aaron Revelle. For personal use only A replay of the web
Slide 2: Investor Webinar December 2023
For personal use only Investor Webinar December 2023 ASX:PUR
Slide 3: Competent Persons Statement and Forward Looking Statements
Competent Persons Statement Forward Looking Statements For personal use only Statements contained in this announcement relating to exploration results and Statements relating to the estimated or expected future production, operating exploration targets, are based on, and fairly represents, informati
Slide 4: Agenda
AGENDA 1 Corporate Snapshot For personal use only 2 Operations and Growth Strategy 3 Argentina – Macro Environment & Election Results 4 Lithium Market – Still in Long Term Structural Deficit. 5 Questions ASX: PUR 3
Slide 5: Corporate Overview
CORPORATE OVERVIEW D I R E C TO R S For personal use only CAPITALISATION DATA(1) Peter Wall Non-Executive Chairman Aaron Revelle Managing Director & CEO A$0.09 2.93B ASX:PUR SHARE PRICE SHARES ON TICKER Tom Eadie Non-Exec Director ISSUE A$26.3M A$3.36M ~147.5M MARKET CAP NET CASH TOTAL OPTIONS SHARE
Slide 6: Maiden JORC Mineral Resource Estimate
MAIDEN JORC MINERAL RESOURCE ESTIMATE For personal use only Table 1 | Rio Grande Sur – Inferred Resource Statement as at 25 October 2023 Avg. Li Grade Resource Category Tenement Brine Volume (Mm3) Average Sy In Situ Li (Kt) LCE2 (Kt) (mg/L)1 Inferred Maria Magdalena 17.3 382 0.059 6.6 35.2 Inferred
Slide 7: TEM Survey Results
TEM SURVEY RESULTS • The available drilling and the TEM data suggest that tenements are located on two distinct geological For personal use only regimes. • The Maria Magdalena and Isabel Segunda tenements have a TEM profile which supports a typical “Salar Core” halite-dominated salar profile. These
Slide 8: Stage Resource Appraisal Drilling Program
STAGE 1 RESOURCE APPRAISAL DRILLING PROGRAM • SRK has identified the following locations for the proposed Stage 1 and Stage 2 drilling programs. For personal use only • Stage 1 will feature a pumping well with its location to be determined following completion of the first 2 diamond holes. • Delays
Slide 9: Lithium Carbonate Production from Demonstrated Process
LITHIUM CARBONATE PRODUCTION FROM DEMONSTRATED PROCESS • The processing method of the pilot plant is based on standard industry practices having recently been optimised for Rio Grande brines For personal use only by engineering firm Worley. • The dynamic simulation yielded the following results: • E
Slide 10: Lithium Carbonate Production from Demonstrated Process
LITHIUM CARBONATE PRODUCTION FROM DEMONSTRATED PROCESS • The results have demonstrated that Rio Grande brine can begin processing into the plant circuit For personal use only at 363 days following evaporation. • The simulation has outlined the number of ponds required as well as their size to be con
Slide 11: Lithium Carbonate Production from Demonstrated Process
LITHIUM CARBONATE PRODUCTION FROM DEMONSTRATED PROCESS For personal use only ASX: PUR 10
Slide 12: Lithium Carbonate Production: General Assumptions
LITHIUM CARBONATE PRODUCTION FROM DEMONSTRATED PROCESS For personal use only General Assumptions Brine 695.00 tn/day Fresh Water 43.97 m3/day Active lime 2.94 tn/day NaOH 30% 0.06 tn/day HCl 32% 0.001 tn/day Na2CO3 3.91 tn/day General recovery 63.50% Li2CO3 Purity 99.50% ASX: PUR 11
Slide 13: Evaporation Ponds Proposed Area at Rio Grande
EVAPORATION PONDS PROPOSED AREA AT RIO GRANDE For personal use only Area: 0.96 km2 (square kilometres) 96 ha ASX: PUR 12
Slide 14: Argentina: Negative Net Reserves a Key Obstacle to Dollarisation
ARGENTINA Negative Net Reserves a Key Obstacle to Dollarisation New President-Elect signals market friendly pro-business policy shift • Javier Milei made bold policy pledges during his campaign, and following his victory it is expected Milei will present a strategy for For personal use only slimming
Slide 15: Argentina Inflation: Forecast vs Consensus
ARGENTINA Argentina Inflation: Forecast vs Consensus New President-Elect signals market friendly pro-business policy shift • An unsustainable freeze of the currency and some regulated prices may have bought Argentina a temporary inflation respite at the cost of For personal use only raising expectat
Slide 16: Lithium Market Trends
LITHIUM MARKET TRENDS Monthly EV Vehicle Sales, Lithium Demand • The outlook for lithium consumption has improved significantly since mid-2016, following much stronger forecasts for EV requirements led by government targets/mandates and manufacturers’ plans. • Lithium demand could jump 225% to 2.6 m
Slide 17: Lithium Market Trends: Prices
Monthly Lithium Carbonate & Hydroxide Prices Nov 20-23 LITHIUM MARKET TRENDS • Softer-than-expected lithium demand, increased supply and comfortable inventories throughout the battery supply chain continue to mute spot purchases and weigh on global lithium prices. Weak demand likely persists through
Slide 18: Focused on Growth Pipeline and Project Execution
FOCUSED ON GROWTH PIPELINE AND PROJECT EXECUTION OUR EXECUTION PATH AND EXPANSION PLAN IS BASED ON MAXIMISING LONG TERM SHAREHOLDER VALUE Q4 2023 Q1/Q2 2024 Q3 / Q4 2024 Q4 2024 / Q1 2025 RESOURCE RESOURCE COMMERCIAL FEASIBILITY DEFINITION UPGRADE PRODUCTION STUDY For personal use only Q4 2023 Q1/Q2
Slide 19: Questions
For personal use only QUESTIONS Contact: aaronr@pursuitminerals.com.au +61 413 275 456 ASX: PUR 18
Slide 20: Office and Contact Details
For personal use only Office Website — — Level 36, pursuitminerals.com.au 600 Bourke Street Melbourne, VIC, 3000 Telephone — Email — +61 8 6500 3271 info@pursuitminerals.com.au
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