Metals X Limited · ASX:MLX
Metals X — Investor Presentation (July 2019)
30 slides from Metals X's investor presentation, Jul 30, 2019
Slide 1: Investor Update July 2019
CLICK TO EDIT MASTER TITLE STYLE ENABLING TECHNOLOGY OF THE FUTURE INVESTOR UPDATE JULY 2019
Slide 2: Cautionary Statement & Disclaimer
CLICK TO EDIT INVESTOR UPDATE MASTER – CAUTIONARY TITLE STYLE STATEMENT & DISCLAIMER This Presentation has been prepared by Metals X Limited (“Metals X”, “MLX” or the “Company”). GENERAL DISCLAIMER This Presentation contains summary information about the Company’s activities current as at the date o
Slide 3: Exposure to Base Metals Critical to Global Growth
CLICK TOXEDIT METALS – ENABLING MASTERTECHNOLOGY TITLE STYLE OF THE FUTURE EXPOSURE TO BASE METALS CRITICAL TO GLOBAL GROWTH INVESTOR UPDATE – JULY 2019 3
Slide 4: Highlights
CLICK TO EDIT MASTER TITLE STYLE HIGHLIGHTS Australian base-metals producer with two high-quality long-life operations Nifty Copper Operations East Pilbara, Western Australia A well-established copper operation with significant production, development and exploration potential Immediate cash-flow gr
Slide 5: Corporate Overview
CLICK TO EDIT CORPORATE OVERVIEW MASTER TITLE STYLE Board Capital Structure (ASX: MLX) Non-Executive Chairman Peter Newton Shares on issue 689M Non-Executive Director Simon Heggen Share price1 $0.24 Non-Executive Director Yimin Zhang Market capitalisation1 $165M Non-Executive Director Milan Jerkovic
Slide 6: Nifty Copper Operations
CLICK COPPER NIFTY TO EDIT MASTER OPERATIONS TITLE STYLE 6 INVESTOR UPDATE – JULY 2019
Slide 7: Nifty – Robust and Attractive Copper Fundamentals
CLICK –TO NIFTY ROBUST EDIT MASTER AND ATTRACTIVE TITLE STYLE COPPER FUNDAMENTALS Global copper market is expected to go into deficit in 2021 Thousands of tons Tightening supply of copper Major population and economic growth 58 60 72 Increased infrastructure spending approvals -41 -60 US$2 trillion
Slide 8: Nifty Geological Opportunity
CLICK –TO NIFTY GEOLOGICAL EDIT MASTER OPPORTUNITY TITLE STYLE Nifty provides substantial geological upside potential – a driving factor behind the 2016 acquisition 85,000m of resource definition drilling has been undertaken to date, successfully expanding the Mineral Resource estimate by 15% and th
Slide 9: Nifty Business Strategy
CLICK –TO NIFTY BUSINESS EDIT MASTER STRATEGY TITLE STYLE The Nifty business strategy 1 is to deliver a long term profitable copper mining operation through: Developing the mine both west and east of the historic Central Zone to provide access into new mining areas Expanding existing underground ser
Slide 10: Nifty Resource Development and Exploration Upside
CLICK –TO NIFTY RESOURCE EDIT MASTER DEVELOPMENT TITLE STYLEAND EXPLORATION UPSIDE The Reset Plan has identified key areas outside of the current Ore Reserve envelope that provide significant upside and potential to extend the mine life The opportunity exists to convert further substantial portions
Slide 11: Nifty Resource Drilling Development
CLICK –TO NIFTY EDIT MASTER RESOURCE TITLE STYLEDRILLING DEVELOPMENT Over 85,000m drilled by MLX since acquisition 180 drill holes for 14,568m completed 2019 YTD 19L Assays continuing to flow-in, with some excellent results being returned from a number of areas. Geological model improvements in area
Slide 12: Nifty Mining Schedule 2019–2021
CLICK –TO NIFTY MINING EDIT MASTER SCHEDULE TITLE 2019 STYLE – 2021 Increasing stope development outside of the Central Zone Initial mining focus into Western and Eastern Zone 1 Drill drive development into Western and Eastern Zone 2 to complete resource definition programs, targeting additional min
Slide 13: Paterson Province – Regional Exploration
CLICK TO EDIT PATERSON PROVINCE MASTER– TITLE REGIONAL STYLE EXPLORATION Magnum (Cu-Au) 350000E 450000E 7700000N Winu (Cu-Au) MLX control 2,960km2 of the highly Phanerozoic Canning Basin Cover prospective Paterson Province Crofton Granite Neoproterozoic Recent RioTinto Winu discovery Yeneena Basin L
Slide 14: Renison Tin Operations
CLICK TO TIN RENISON EDITOPERATIONS MASTER TITLE STYLE 14 INVESTOR UPDATE – JULY 2019
Slide 15: Technology and Energy Will Drive Future Tin Demand
CLICK TOAND ENERGY EDITTECHNOLOGY MASTER TITLEWILL STYLE DRIVE FUTURE TIN DEMAND With the rapid shift towards clean energy, tin will play a major role in the Electric Vehicle and Static Storage industries Tin is critical to quality of life in the modern world 47% 18% 13% Responsibly sourced Tasmania
Slide 16: Renison – Australia's Largest Tin Producer
CLICK TO –EDIT RENISON AUSTRALIA’S MASTER TITLE LARGEST STYLE TIN PRODUCER Renison is a world-class, long-life underground mining operation located in Tasmania Metals X 50%-ownership through Bluestone Mines Tasmania Joint Venture Annualised production rate of 7,500 – 8,000 tonnes of tin in concentra
Slide 17: Renison Strategy & Operational Focus
CLICK TO –EDIT RENISON STRATEGY MASTER&TITLE OPERATIONAL STYLE FOCUS Renison strategy is to “Awaken The Giant” by increasing tin production through increasing mining rates, processing higher-grade feed and improving recovery while maintaining a 7- year Ore Reserve The operational focus at Renison is
Slide 18: Renison – Development into High Grade Area 5 & Leatherwood
RENISON – DEVELOPMENT CLICK TO INTOSTYLE EDIT MASTER TITLE HIGH GRADE AREA 5 & LEATHERWOOD Development of Area 5 and Leatherwood Trend has commenced following the highly successful 2018/2019 resource definition drilling program which delineated significant high grade mineralisation proximal to curre
Slide 19: Renison Exploration Opportunities
CLICK TO –EDIT RENISON EXPLORATION MASTER TITLE OPPORTUNITIES STYLE 44,000E 43,000E Surface exploration recommenced during the Blow-Federal Target September 2018 quarter after a 5 year hiatus Lead Initial focus is on “near-mine” target 67000N identification and testing, with subsequent Lead Blow tar
Slide 20: Wingellina Nickel Cobalt Project
CLICK TO EDIT WINGELLINA NICKEL MASTER COBALT TITLE PROJECT STYLE 20 INVESTOR UPDATE – JULY 2019
Slide 21: Australia's Largest Undeveloped Nickel-Cobalt Project
CLICK TO EDITLARGEST AUSTRALIA’S MASTER UNDEVELOPED TITLE STYLE NICKEL-COBALT PROJECT Australian undeveloped nickel laterite deposits Equivalent Nickel Bubble Chart 1.60% Wingellina High Grade Co Domains 1.40% NiWest (GME) Marlborough (Castillo) 1.20% Equivalent Contained Grade of Nickel Homeville P
Slide 22: Battery Metals – The Keys to Unlock Wingellina
CLICK TO METALS BATTERY EDIT MASTER – THETITLE (CAR)STYLE KEYS TO UNLOCK WINGELLINA Forecast Global Battery Metal Demand Consensus forecasts strong growth in nickel and cobalt sulphate demand from EV revolution and move to utility scale battery static storage systems ‘000 Tonnes Nickel sulphate and
Slide 23: Wingellina Investment Case
CLICK TO EDIT WINGELLINA INVESTMENT MASTER TITLE CASE STYLE Tier 1 Strategic and scalable asset Globally significant nickel-cobalt project hosting 1.9Mt of contained nickel and 154,000t of contained cobalt Mineralisation is limonite– ideal for high pressure acid leach (HPAL) Stable jurisdiction Can
Slide 24: A Compelling Base Metals Opportunity
CLICK A COMPELLING TO EDIT MASTER BASE METALS TITLE STYLE OPPORTUNITY ► Two established base metals operations with significant upside in production, development and exploration ► Immediate considerable revenue leverage from increased production at both Nifty and Renison ► Resource extensions under
Slide 25: Appendices
CLICK TO EDIT MASTER TITLE STYLE APPENDICES 25
Slide 26: Appendices – Resource / Reserve Statement – Nifty
CLICK TO EDIT– MASTER APPENDICES RESOURCE TITLE / RESERVE STYLE STATEMENT - NIFTY Resources as at 31st March 2017 Reserves as at 31st August 2017 26
Slide 27: Appendices – Resource Statement – Maroochydore
CLICK TO EDIT– MASTER APPENDICES RESOURCE TITLE STATEMENT STYLE - MAROOCHYDORE Resources as at 31st March 2016 27
Slide 28: Appendices – Resource / Reserve Statement – Renison
CLICK TO EDIT– MASTER APPENDICES RESOURCE TITLE / RESERVE STYLE STATEMENT - RENISON Resources as at 31st March 2019 Reserves as at 31st March 2018 28
Slide 29: Appendices – Resource / Reserve Statement – Central Musgrave
CLICK TO EDIT APPENDICES MASTER TITLE – RESOURCE STYLE / RESERVE STATEMENT – CENTRAL MUSGRAVE Resources as at 30th June 2016 Reserves as at 30th June 2016 29
Slide 30: Investor Update – Enabling Technology of the Future
CLICK TO EDIT MASTER TITLE STYLE ENABLING TECHNOLOGY OF THE FUTURE INVESTOR UPDATE JULY 2019