Critical Resources Ltd · ASX:CRR
Critical Resources — Resources Rising Stars Investor Series 2023
26 slides from Critical Resources's conference presentation, Sep 15, 2023
Slide 1: Resources Rising Stars Investor Series - Presentation
ASX Announcement 15 September 2023 Resources Rising Stars Investor Series - Presentation Lithium exploration and project development company Critical Resources Limited ASX:CRR (“Critical Resources” or “the Company”) advises of its participation at the Resources Rising Stars Investor Series being hel
Slide 2: Compliance Statement
COMPLIANCE STATEMENT This announcement contains information regarding the Mavis Lake Mineral Resource Estimate extracted from ASX market announcement dated 5 May 2023 and reported in accordance with the 2012 JORC Code and available for viewing at criticalresources.com.au. The Company confirms that i
Slide 3: Lithium Supply for North America
ASX : CRR Lithium Supply for North America September 2023
Slide 4: Corporate Overview
Corporate Overview Lithium-focused project development company
Slide 5: Strategic Highlights
Strategic Highlights Project location and existing infrastructure provides significant operational and financial advantages The Right Exceptional location and Supportive Provincial and Federal Governments – plus potential access to US Government support Place high-growth market Unprecedented i
Slide 6: Corporate Snapshot
Corporate Snapshot Shareholder Makeup Capital Structure Board and Management Share Price (5 September 2023) $0.041 Institutional Holders Shares 1.78b Market Cap. (undiluted) $72.8m Cash (30 June 2023 + gross funds raised 8 Aug 2023) $12.1m Other HNW Options (47m - $0.04 strike – expiry 3 Dec 24) $1.
Slide 7: Board and Management
Board and Management Alex Cheeseman Managing Director Harry Spindler CFO and CoSec 20+ years leadership and management across projects An accomplished corporate professional and certified CA. and operations. 7 years dedicated to the lithium industry(former GM Altura Mining). Over 15 years experience
Slide 8: The North American Lithium Opportunity
The North American Lithium Opportunity From 47 GWh of battery capacity in 2022 to 650 GWh of battery capacity in 2035 – Source BMI
Slide 9: Massive Onshoring of the USA/Canada Battery Supply Chain
Massive Onshoring of the USA/Canada Battery Supply Chain Security, Geopolitical and Environmental IRA Program offering US$370B in incentives for Domestic Critical Concerns Drive The Need For US Domestic Mineral Production Production 2022 Lithium Extraction by Country (Kt, LCE) 1% DOE Clean Vehicle T
Slide 10: New Raw Material Supply is Essential to Domestic EV Production
New Raw Material Supply is Essential to Domestic EV Production Significant amount of funding available to support to build mid-stream materials, downstream cell production and EV manufacturing capacity with a risk of significant under-utilization if insufficient local supply of raw materials Source:
Slide 11: From Mavis Lake to Michigan
From Mavis Lake to Michigan Corporate Presentation 2023 |
Slide 12: Mavis Lake Project
Mavis Lake Project One of only two ASX-listed companies to hold a JORC Code 2012 Compliant Lithium Mineral Resource Estimate in Ontario Canada
Slide 13: Project Location
Project Location District Scale 0 20km Corporate Presentation 2023 |
Slide 14: Project Highlights
Project Highlights JORC Maiden MRE - 8.0Mt at 1.07% Li2O* defined after only 11 months of drilling Compliant Consistent high-grade intercepts Resource Targeting first Resource upgrade in H1 2024 Significant Multiple spodumene-bearing outcrops yet to be drill tested Upside Expanded project
Slide 15: Systematic and Robust Exploration
Systematic and Robust Exploration Year on Year Growth potential Resource Backed Project - 8Mt @ 1.07% Li2O Inferred Resource with multiple mapped, spodumene bearing pegmatites yet to be drill tested Main Zone Remains Open - current Resource remains open laterally and at depth with a significant swel
Slide 16: Pathway to Resource Growth
Pathway to Resource Growth Results not included in Maiden MRE Drilling ongoing and assays pending MF23-190: 14.7m @ 1.17% Li2O MF23-207: 74.4m @ 1.18% Li2O MF23-214: 53.6m @ 10% spodumene* MF23-225: 25.7m @ 20% spodumene* MF23-211: 41m @ 1.18% MF23-226: 31.5m @ 15% spodumene* MF23-210: 41.25m @ 1.25
Slide 17: Pathway to Resource Growth
Continued Drilling at Mavis Lake Pathway to Resource Growth Main Zone – Extension drilling to immediate increase tonnage over the current Resource, every drill hit adds tonnage Targeting the Swell Zone – new drill pads to target Swell Zone to the West under application Step-out Drilling adjacent to
Slide 18: Infrastructure Rich
Infrastructure Rich Regional base enables low-cost operations Mining-centric Workforce - five operating mines within the immediate area, with Provincial and Federal support for Critical Minerals Residential Operation - Lower cost operations with the opportunity to offer family friendly employment op
Slide 19: Permitting and Approvals
Permitting and Approvals Monitoring and documenting the Environment Baseline Environmental Assessment Completed - field based (Oct 22) and desktop (Dec 22-Mar 23) environmental assessment completed, confirming the forward work plan for future studies, monitoring and permitting Environmental Monitori
Slide 20: Development Studies Delivering Results
Development Studies Delivering Results Staying a step ahead on the pathway to production Excellent Metallurgy - simple Heavy Liquid Separation (HLS) delivered spodumene concentrate up to 6.4% Li2O with very low Fe2O3. Optimisation work (HLS and flotation) delivered recoveries up to 87%.* Development
Slide 21: Pathway to Lithium Chemical Supply
Pathway to Lithium Chemical Supply Concept review and development Technology Mining options Strategic Cooperation Mid-Stream products Processing Value Add Tolling Partnerships Policy and Government incentives Product Logistics Offtake Corporate Presentation 2023 |
Slide 22: Building Momentum – Significant Growth
Building Momentum – Significant Growth Catalysts for Value Creation H2 2023 H1 2024 H2 2024 Resource Growth Main Zone extension and infill Geophysics and target development (Northern Prospects) Initial drill testing Northern Prospects Prospecting and target generation Resource Estimation and upgrade
Slide 23: Alex Cheeseman
Alex Cheeseman Managing Director Email: info@criticalresources.com.au Tel: +61 08 9389 4499 ABN: 12 145 184 667 Level 50, 108 St Georges Terrace Perth, Western Australia, 6000 ASX:CRR | CRITICALRESOURCES.COM.AU
Slide 24: Disclaimer
Disclaimer Summary Information This document contains a summary of information about Critical Resources Limited (“Critical Resources” or Financial data All amounts are in Australian Dollars (AUD) unless otherwise indicated. A number of figures, amounts, percentages, “the Company”) and its activities
Slide 25: Exploration Disclosure
Exploration Disclosure COMPLIANCE STATEMENT This document contains information relating to Exploration Results in respect of the Mavis Lake project extracted from ASX market announcements reported previously and published on the ASX platform on those dates noted below. The Company confirms that it i
Slide 26: Mineral Resource Estimate
Mineral Resource Estimate COMPLIANCE STATEMENT This document contains information relating to the Mineral Resource estimate for the Mavis Lake Lithium Project is extracted from the Company’s ASX announcement dated 5 May 2023. The Company confirms that it is not aware of any new information or data t
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