Slide 1: Cashed Up Explorer - Strategically Acquiring
ASX: RXL For personal use only Cashed Up Explorer - Strategically Acquiring 22 February 2018 Ian Mulholland - Managing Director 1
Slide 2: Who is Rox?
Who is Rox? For personal use only An awarded Australian exploration company Strong Financial Positon: Cash of ~$12 million* & receivables of ~$4 million*, no debt High grade JORC Mineral Resources of Nickel and Gold in Australia Long term committed management and directors, with “skin in the game” *
Slide 3: Nickel Price Outlook
Nickel Price Outlook For personal use only High-grade nickel sulphide is actually the most important metal in a lithium-ion battery at the cathode, followed by graphite as the anode, with lithium "like the salt on the salad", according to Tesla’s Elon Musk “The reality is the supply of lithium is no
Slide 4: Nickel Market - Dichotomy
Nickel Market - Dichotomy For personal use only 265% Continued production despite price fall There are two types of nickel – Class 1 (99.9% pure) and Class 2 (impure – used for NPI) Nickel market is about 2 Mtpa, split 50/50 into Class 1 and 2 Class 1 comes from sulphide ores and processed laterite
Slide 5: The Battery Revolution
The Battery Revolution For personal use only • Internal Combustion Engine (ICE) has 2,000 moving parts vs. EV = 18 • ICE 19% efficient energy conversion, EV = 95% 5
Slide 6: EV Batteries
EV Batteries For personal use only NICKEL 33.3% 60% 80% MANGANESE 33.3% 30% 10% COBALT 33.3% 20% 10% PRESENT 2018 2020 NMC111 NMC532 NMC811 The move from NMC111 to NMC811 battery will increase range by 60% NMC811 re-charges to 80% in 20 minutes Further improvements are mooted to give 500km range 6
Slide 7: EV Vehicle Take-up
EV Vehicle Take-up For personal use only 93% Current EV 30% 600ktpa, market share 2Mtpa, 33% 1% 100% If conversion to NMC811 battery takes place, then Ni demand will increase faster to 33% (600kt) by 2025 (8 years), and 100% (2Mt) by 2030. There simply isn’t this supply of nickel. The growth from 20
Slide 8: Nickel Production Impetus
Nickel Production Impetus For personal use only Class 1 nickel supply will be in deficit going forward Increase in demand by 2025 from switch to EVs will be 300 – 600 ktpa, triggering a shortage By 2030, will need 1 -2 Mtpa more Class 1 Ni Where will this production come from? Takes 6-8 years to bri
Slide 9: Nickel Projects
Nickel Projects For personal use only Two nickel sulphide projects in WA’s northern goldfields Fisher East is a new nickel province – discovered in 2013 by Rox Collurabbie discovered in 2004 by WMC – but relatively unexplored Fisher East and Collurabbie are just 70km apart – project development syne
Slide 10: Development Studies
Development Studies For personal use only Low technical risk project: o Toll milling – truck ore to nearby plant (two plants within 200km) o Build a plant on site – truck concentrate for sale Decline to underground mine ~70-100m depth Standard underground mining techniques and costs Simple process f
Slide 11: Fisher East Nickel
Fisher East Nickel For personal use only X X X X Total Mineral Resource* of 2.0 Mt @ 2.5% Ni, for 50,000 tonnes Ni metal Drilling planned to increase resources/make new discoveries * See Appendix for Mineral Resource details 11
Slide 12: Exploration Targets
Exploration Targets For personal use only Exploration ongoing on several targets along 25km of strike X X Resource to be drilled out at Sabre Resource Target Fresh sulphides in aircore at Mt Tate to follow up Exceptional EM target at Corktree 12
Slide 13: Corktree Target
Corktree Target For personal use only VTEM X 1km • Strongest EM anomaly at Fisher East, 1km strike • Only one RC hole intersected the interpreted EM plate at Corktree • The deeper (and stronger) EM plate remains untested at 400-600m depth 13
Slide 14: Collurabbie Acquisition
Collurabbie Acquisition For personal use only 123km2 of prospective tenure Main discovery at Olympia deposit Widespread Ni-Cu-PGE mineralisation over ~15km strike length on multiple stratigraphic horizons Underdone previous exploration Extensive and quality datasets of drilling and geophysics Drill
Slide 15: Exploration Potential
Exploration Potential For personal use only Olympia Mineral Resource of 573,000 tonnes @ 1.6% Ni, 1.2% Cu, 0.08% Co and 2.3 g/t Pt+Pd, 2.3% NiEq* High grade drill intercepts Open at depth Exploration potential over 15km of strike Aircore drilling planned * See ASX:RXL 18 August 2017 for resource det
Slide 16: Attractive Gold Potential
Attractive Gold Potential For personal use only JORC Mineral Resource of 86,000 oz* @ 2.75 g/t Au Large scale gold-in-regolith anomaly along complex western shear zone (Damsel-Dam-Shiva) – 10km long Targeting >500,000 ozs Gold plants within 130km (Bronzewing, Darlot) 3,600m of RC drilling planned *
Slide 17: Exceptional Recent Results
Exceptional Recent Results For personal use only 300m anomaly at Dam North 4m @ 6.2 g/t Au 200m extension at Dam 800m extension to Damsel 4m @ 2.8 g/t Au Filled in Dirks over 1km 4m @ 3.5 g/t Au RC drilling to define resources planned 17
Slide 18: More Recent Results
More Recent Results For personal use only At Shiva, strong continuous gold anomaly > 1 g/t Au over 500m 4m @ 1.3 g/t Au RC drilling to define resources planned 18
Slide 19: Project Search
Project Search For personal use only Focus on identifying and acquiring Gold, Silver, Copper or Zinc project/s with near-term commercialisation potential Australia preferred, but also any jurisdiction with security and continuity of title Advanced exploration (i.e. mineral resource) through to feasi
Slide 20: Corporate Information
Corporate Information For personal use only Key Information ASX Code: RXL Share Price: A$0.015 Shares: 1,259M Unlisted Options: 83.8M Market Cap: $18.9M Cash (at 31 Dec 2017): $12.2M EV: Cash Backing of $6.7M $0.01/share Top 20: 22% 20
Slide 21: Forward Strategy
Forward Strategy For personal use only • Cashed Up • $12 million cash plus $4 million in receivables • Nickel Leverage for an improved price Continue to explore and grow resources – drilling Continually assess development options & opportunities • Gold Explore - drilling Aim is to establish at least
Slide 22: Thank You
For personal use only Thank You Rox Resources Limited Level 1, 34 Colin Street, West Perth, WA, 6005 AUSTRALIA T: (08) 9226 0044 F: (08) 9322 6254 E: admin@roxresources.com.au W: www.roxresources.com.au 22
Slide 23: Appendix – Mineral Resources
Appendix – Mineral Resources For personal use only Fisher East Nickel, ASX:RXL 5 February 2016 Mt Fisher Gold, ASX:RXL 10 February 2012 Deposit Category Tonnes Uncut Cut Deposit Category Tonnes (Mt) Ni% Ni (kt) Grade Metal Grade Metal Value (g/tAu) (Ozs) (g/tAu) (Ozs) (g/tAu) Indicated 0.99 2.56 25.
Slide 24: Disclaimers
Disclaimers For personal use only Forward-Looking Statements Competent Person Statements This presentation has been prepared by Rox Resources Limited. This document contains background information Resource Statements about Rox Resources Limited current at the date of this presentation. The presentat