Slide 1: Building a Global Manganese Business
Building a Global Manganese Business Supplying low-carbon sustainable manganese ore and EV battery grade HPMSM to global markets Sharewise Investor Webinar - December 2024 ASX : E25 OTCQX : ELMTF
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) contains only a brief overview of Element 25 Limited and its associated entities (Element 25 or E25) and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may
Slide 3: Element 25 Introduction
Element 25 Introduction Share Register: Expanding the 100% owned Butcherbird Manganese Mine in Western Australia to produce high-quality manganese oxide concentrate. Other Stellantis Board & Management Developing a USA-based refinery to supply ethical ATM Facility battery-grade High Purity Manganese
Slide 4: Company Leadership
Company Leadership BOARD OF DIRECTORS Experienced, Multi-disciplinary Board & Management John Ribbons Justin Brown Fanie van Jaarsveld Sam Lancuba Chairman Managing Director Non-Executive Director Non-Executive Director CPA Geologist Analytical Chemist Chemical Engineer PROJECT DEVELOPMENT AND OPERA
Slide 5: The Butcherbird Manganese Project
The Butcherbird Manganese Project
Slide 6: Butcherbird Manganese Project
Butcherbird Manganese Project • World-class manganese resource. • Located in a Tier-1 jurisdiction with strong ESG regulation. • Over 270 million tonnes in resources with potential to expand (2024 resource update1). • Long mine-life with further upside by converting Inferred Resources • Very clean m
Slide 7: Butcherbird Manganese Mine - Resources & Reserves
Butcherbird Manganese Mine - Resources & Reserves 1 Ore Reserve Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • High conversion of measured and Proved 14.4 11.5 1.65 indicated resources to reserve. Probable 36.2 9.8 3.56 • Current Reserve: • Only utilises approximately 20% of global Total 50.6 10.3
Slide 8: Company strategic vision for growth
Company strategic vision for growth Butcherbird Expansion Louisiana HPMSM Expand Globally 1.1Mt/a Manganese Ore1 USA EV Critical Raw Materials2 HPMSM Expansion - EU & Asia Build and commission a full large-scale Construct the first US HPMSM processing facility Multiple HPMSM modules globally to deli
Slide 9: A Year of Milestones
A Year of Milestones Butcherbird Expansion Project Louisiana HPMSM Project Key Milestones Lake Johnstone Lithium Update Reference: ASX Release 28 Nov 2023 Regroup & Scania to Launch Autonomous Fleet at Butcherbird Reference: ASX Release 19 June 2024 US$57M Louisiana Incentives US$166M DoE Grant Sele
Slide 10: Large, long-life manganese ore mine in Western Australia
Large, long-life manganese ore mine in Western Australia E52/2350 M52/1074 Global Resource 274Mt @ 10.0% Mn1 Granted Mining Lease and permitting largely completed during pilot plant stage - minor amendments pending approval for expansion Measured Indicated (Pre 2024 Update) Large JORC Resource: Simp
Slide 11: Simple Geology: low-cost, low-impact operations
Simple Geology: low-cost, low-impact operations Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource1 274 10.0 27.4 • Large resource offers long term Reserve2 49.0 10.2 5.0 operating potential. • Mineralisation outside existing resource provides upside. • Ore suitab
Slide 12: Butcherbird Manganese Mine Expansion
Butcherbird Manganese Mine Expansion • New processing facility will optimise and scale the process. PROCESS WATER • Scale and improved efficiencies to lower costs and increase profits. • CO2 emission intensity and ESG outcomes will be improved by: PRODUCT LOADING • Integration of renewable energy (t
Slide 13: Butcherbird Manganese Mine Expansion
Butcherbird Manganese Mine Expansion CRUSHER/SCREEN Dense Media (DMS) Dry Screen Processing Circuit Crushing Circuit Logwasher DMS PLANT Administration Engineering design modifications Mineral Sizer Screen DMS Drum ProductSTOCKS PRODUCT Stockpiles Improved clay Design Improved targeting improved thr
Slide 14: Butcherbird Expansion – Scale Strengthens the Business
Butcherbird Expansion – Scale Strengthens the Business Economies of scale from the expanded operation will move the Butcherbird production costs lower on the global cost curve and strengthen the business through all price cycles. Mn ore cost curve (CIF China, US$/t) July 2024 Estimated E25 Butcherbi
Slide 15: E25 HPMSM Strategy
for Element(25 E25 HPMSM Strategy
Slide 16: Vertically-integrated global HPMSM supply
Vertically-integrated global HPMSM supply WA Manganese Ore Supply: Low Cost Australian manganese ore concentrates E25 Ore Mineral Sizer Log Washer DMS Circuit as feedstock for HPMSM production to supply US EV markets. Surplus ore will supply Vertically integrated critical battery existing ferroalloy
Slide 17: Global Refining Capacity in the Longer Term
Global Refining Capacity in the Longer Term EU & UK policy shifts are MoU signed with Nissan First HPMSM Facility: EU competing with the IRA Chemical Corporation to Louisiana USA - IRA is driving capital for investment in battery jointly develop HPMSM flows into US electrification and related plants
Slide 18: Improved, Cost-Competitive Cleaner Process Technology
Improved, Cost-Competitive Cleaner Process Technology The Element 25 Process makes significant changes & improvements: Current Outdated Technologies mean: • Large volumes of waste residues. • Toxic Reagents like fluorine. • Inefficient. • Higher Cost. Reagents/Cost Carbon Emissions Waste Residue • O
Slide 19: ESG - LCA demonstrates a low-carbon, ethical process
ESG - LCA demonstrates a low-carbon, ethical process • LCA covers Scope 1, 2 and 3 emissions from mining through E25 Process Reduces Global Warming Potential Relative to Incumbent Producers to the proposed USA-based HPMSM processing plant. • E25 HPMSM to produce ~1.7kg of CO2 for every 1kg of 5.2 4.
Slide 20: ESG Benchmarking
ESG Benchmarking • Digbee ESG benchmarking process completed for 2024. • Opportunities identified for action over following period. • Executive incentive KPIs now linked to ESG outcomes. • Internal reporting processes being developed to improve ESG credentials and preparedness for compliance reporti
Slide 21: The Importance of Manganese
The Importance of Manganese
Slide 22: Electric Vehicle (EV) uptake keeps accelerating…
Electric Vehicle (EV) uptake keeps accelerating… Mn Reference: https://thedriven.io/2024/11/13/global-ev-sales-heading-for-record-16-7-million-sales-in-2024-despite-reports-of-slowdown/ - 22 -
Slide 23: Transition to Higher Manganese Cathodes
Transition to Higher Manganese Cathodes Manganese Rich Cathode chemistries help to solve supply, ESG and supply security challenges High-manganese represents the optimum cost-benefit ratio. Volkswagen, March 2021 Li-Mn-rich technology shown as "cost" solution in electrification roadmap. BMW, Novembe
Slide 24: Transition to Higher Manganese Cathodes
Transition to Higher Manganese Cathodes LMFP, LMNO and NMX cathode chemistries offer improved safety, higher energy density, reduced cost per KWh and greater supply chain flexibility. High Manganese Cathode Material offers a number of advantages: Reduced nickel and very low to no cobalt content. Ref
Slide 25: Louisiana Battery Grade HPMSM
Louisiana Battery Grade HPMSM
Slide 26: DoE Grant - Part of US Government Drive for Domestic Manufacturing
DoE Grant - Part of US Government Drive for Domestic Manufacturing DoE Grant Selection • E25’s planned HPMSM facility in Louisiana selected for award negotiations for US$166 million grant from the U.S. DoE. • Louisiana HPMSM Project selected under DoE’s MESC Battery Materials Processing Grant Progra
Slide 27: DoE MESC Grant - Supporting Local Raw Material Supply
DoE MESC Grant - Supporting Local Raw Material Supply Local Supply Chain Mn Ore Comminution • Process and supply chain developed to maximise U.S. industry US$166M Reductant involvement. Leach Grant • Working with partners GM and Acid Stellantis to supply low carbon HPMSM for EV batteries. Purificati
Slide 28: DoE Grant Award Underpins Project Capital Stack
DoE Grant Award Underpins Project Capital Stack • DoE US$166M grant selection provides cornerstone funding to support project success1. • Louisiana HPMSM Project selected under DoE’s MESC Battery Materials Processing Grant Program. • E25 and DoE grant team working to finalise binding documentation A
Slide 29: Upcoming Planned Investment Catalysts
Upcoming Planned Investment Catalysts Planned newsflow: • Updated Reserve Statement to confirm extension to the mine life based on increased Measured and Indicated Resources. • Updated Feasibility Study to support the revised Reserve Statement and refined capital and operating costs and financial me
Slide 30: Contact Details
Contact Details Justin Brown Media Inquiries: Managing Director Nathan Ryan Email: admin@e25.com.au Email: nathan.ryan@nwrcommunications.com.au Phone: +61 (8) 6375 2525 Phone: +61 (0) 420 582 887 ASX : E25 OTCQX : ELMTF
Slide 31: Competent Person’s Statement
Competent Person’s Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Justin Brown who is a member of the Australasian Institute of Mining and Metallurgy. At the time that the Exploration Results and Exploration