Slide 1: Compelling Value Proposition - Ntaka Hill Investor Presentation
COMPELLING VALUE PROPOSITION For personal use only Ntaka Hill Nickel-Copper-Cobalt Project Investor Presentation - 3 March 2017 "Electric vehicles are going to turn from an afterthought in the nickel market to becoming a major portion of nickel demand“ Cairn Energy Research Advisors Po – Pyrrhotite,
Slide 2: Compelling Value Proposition
Compelling Value Proposition For personal use only Attractive Base • Ntaka Hill Ni-Cu-Co project – rare high grade nickel-copper-cobalt and Precious sulphide project in a stable jurisdiction Metals Assets • Kishugu and Naujombo gold projects – large gold & arsenic anomalies Exposure to • Ntaka Hill
Slide 3: Corporate Overview
Corporate Overview Campbell Baird, Managing Director For personal use only A mining executive who has been part of the Australian and global Capital Structure mining industry for over 25 years. During his 4 years of tenure as CEO at Focus Minerals Pty Ltd, Campbell increased annual gold ASX Code IDA
Slide 4: Ntaka Hill Nickel-Copper-Cobalt Project
For personal use only Ntaka Hill Nickel-Copper-Cobalt Project Ntaka Hill massive sulfide Extremely high grade mineralisation – 2.15m @ 15.9% Ni, 0.77% Cu & 0.21% Co - NAD07-043 www.indianaresources.com.au 4
Slide 5: Ntaka Hill offers significant opportunity
Ntaka Hill offers significant opportunity (60% owner and manager) Significant high-grade intersections at Ntaka Hill since 2006 Ntaka underpins the Indiana valuation For personal use only • Significant nickel sulphide resource • Measured: 1.12Mt @ 1.74% Ni for 19,500t Ni metal • Indicated: 19.2Mt at
Slide 6: High grade, Low Capex improves probability of development
High grade, Low Capex improves probability of development • Previous study in 2012 based on a high Ntaka Hill Resource model showing a 0.75% Ni cut-off For personal use only volume, lower grade operation • In 2015, a high-grade lower capex project identified and scoped • Focused on high-grade core w
Slide 7: Regional Nickel Potential
Regional Nickel Potential Lionja Project For personal use only • Recent mapping suggests that Lionja is Interpreted D2 fold hinge along the same folded D2 Structure. • Large data package of geophysics, geochemistry not yet fully investigated • Limited drilling 2006 – 2010 resulted in promising inter
Slide 8: Access to existing infrastructure
Access to existing infrastructure Roads and transport Access to existing infrastructure For personal use only • Ntaka Hill to Mtwara Port is ~ 200km, predominantly sealed • Existing airport at Nachingwea ~ 30km from Ntaka Hill Mtwara Port • Commercial deep water port with significant capacity • Land
Slide 9: Naujombo & Kishugu Gold Projects
For personal use only Naujombo & Kishugu Gold Projects www.indianaresources.com.au 9
Slide 10: Attractive Gold Assets
Attractive Gold Assets • Kishugu and Naujombo gold prospects For personal use only • Large scale gold systems • Significant zones of gold anomalism • High probability that best mineralisation not yet intersected • Projects Originally outlined in 1996 during regional soils and stream sampling program
Slide 11: Naujombo – extensive gold mineralisation
For personal use only Naujombo – extensive gold mineralisation • September 2016 drilling – maiden drilling programs • 9 widely spaced lines of RAB drilling completed (>1km), comprised of 80 holes (80m spacing) for 2,038m • Designed as reconnaissance programs anomalous gold in bedrock was intersected
Slide 12: Kishugu – extensive gold mineralisation
For personal use only Kishugu – extensive gold mineralisation • September 2016 Drilling – maiden drilling program • 4 widely spaced lines (>1km) of RAB drilling completed, comprised of 56 holes (80m spacing) for 1,360m • Strong anomalous gold in bedrock intersected on each line of drilling over 4.5k
Slide 13: Naujombo and Kishugu 2017 – Next Steps
Naujombo and Kishugu 2017 – Next Steps • Key outcomes of RAB Drilling: For personal use only • Confirmed substantial quantity and scale of gold in systems • Identified & gave confidence for follow up field work • Key Objective to unlock Kishugu & Naujombo in 2017 • Both projects to be retained 100%
Slide 14: Indiana in Tanzania
Indiana in Tanzania Favourable jurisdiction, experienced country manager For personal use only • Stable democratic Government committed to growing the mining industry • Globally competitive mining legislation and tax and regulatory regime • Access to skilled and educated workforce • Fourth largest g
Slide 15: Nickel Market
For personal use only Nickel Market "Electric vehicles are going to turn from an afterthought in the nickel market to becoming a major portion of nickel demand“ Cairn Energy Research Advisors www.indianaresources.com.au 15
Slide 16: Global Refined Nickel Supply/Demand & Price
Global Refined Nickel Supply/Demand & Price For personal use only • Nickel supply/demand moving into deficit • Nickel price outlook has improved www.indianaresources.com.au Source : Wood McKenzie, INGS, RBC Capital Markets – Jan17 16
Slide 17: Growing Emerging Market – Electric Cars
Growing Emerging Market – Electric Cars Metals Bulletin - “Electric vehicles to boost nickel demand by 2025” • Nickel sulphate utilised in high-nickel-content lithium-ion batteries is projected to surge to For personal use only about 97,000 tonnes by 2025, 17 times the current level of 5,700 tonnes
Slide 18: Geo-political forces supporting improved sentiment
Geo-political forces supporting improved sentiment Pre Indonesian Ore Ban Relaxation • 2017 heading for a deficit of between 70-75k nickel tonnes For personal use only • Recent 300 series stainless steel growth in China has been around 13% Indonesia relaxes the laterite ore export ban implemented in
Slide 19: Compelling Value Proposition
For personal use only Compelling Value Proposition www.indianaresources.com.au 19
Slide 20: Compelling Value Proposition
Compelling Value Proposition • Compelling valuation For personal use only • Cash A$1.1M, Enterprise Value - EV $3.2 m • 2012-2015 transactions imply Ntaka valuation range of $9m - $65m • Nickel market improving • Increasingly valuable Copper & Cobalt by-products • Ntaka Ni-Cu-Co project • Ntaka sign
Slide 21: Disclaimer and Competent Persons' Statements
Disclaimer and Competent Persons’ Statements • This presentation (the “Presentation”) has been prepared by Indiana. No party other than Indiana has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this Presentat
Slide 22: Campbell Baird, Managing Director
For personal use only Campbell Baird Managing Director Suite 4, Level 1, 2 Richardson Street West Perth WA 6005 Telephone: +61 8 9388 7877 Facsimile: +61 8 9382 2399 www@indianaresources.com.au www.indianaresources.com.au 22