Neometals Ltd · ASX:NMT
Neometals — Australian Nickel Conference 2019
28 slides from Neometals's conference presentation, Oct 15, 2019
Slide 1: Widgiemooltha Nickel – Back to the Future
For personal use only All the right elements ® Widgiemooltha Nickel – Back to the Future October 2019 ASX Code: NMT OTC/Nasdaq Intl: RDRUY + Ti/V = 1
Slide 2: Disclaimer
Disclaimer For personal use only Summary information: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained i
Slide 3: Executive Summary
Executive Summary For personal use only Purpose – “Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future” • Project developer listed on ASX (ticker NMT) • Focus on mineral/materials for the EV and ESS sectors • Established in 2002, team o
Slide 4: What we do
What we do For personal use only • Neometals is pursuing multiple opportunities - strategy is clear • Story is not complicated, but approach is different: • We identify value – organic (Li refinery/battery recycling) and M&A (Mt Edwards) • We build value – with the drill bit/in laboratory then evalu
Slide 5: Value Generation
Value Generation For personal use only • Core projects (final stages of evaluation): 1. Lithium-Ion Battery Recycling Project (Pilot-stage, 100% NMT); 2. Lithium Refinery Project (DFS Stage, MOU 50:50 JV); and 3. Barrambie Titanium and Vanadium Project (DFS, 100% NMT). • Exploration and long-term pr
Slide 6: We have strong conviction in the long term lithium battery/EV/ESS thematic
We have strong conviction in the long term lithium battery/EV/ESS thematic…. For personal use only • 99 Megafactories – 2027 GWh • 2027 GWh could require 1.3 Million tonnes of Ni in 2028 at 100% Capacity + Ti/V = 6
Slide 7: Widgiemooltha Nickel – Back to the Future
Ni For personal use only Widgiemooltha Nickel – Back to the Future • Mt Edwards Project Lithium Refinery Project Neometals – 100% Nickel Mineral Rights + Ti/V = 7
Slide 8: Mt Edwards Nickel and Lithium Project
Mt Edwards Nickel and Lithium Project For personal use only • Brownfields Ni and Li exploration project • Significant historic Ni production and current inventory. Indicated and Inferred Mineral Resource of 7.39Mt @ 1.7% Ni for ~123,000t contained Ni* • Located 80km south of Kalgoorlie. Access to se
Slide 9: Project Flythrough
Project Flythrough For personal use only + Ti/V = 9
Slide 10: Mt Edwards Project History
Mt Edwards Project History For personal use only • First significant Nickel discovery was the Mt Edwards (26N) by INAL (International Nickel Australia Ltd) in November 1967 • Over the next 2 years eight separate nickel sulphide occurrences were identified in the area • Used airborne and ground EM an
Slide 11: Mt Edwards Project History
Mt Edwards Project History For personal use only • Divested by WMC, Consolidated Nickel acquired 2006 • 2006 to 2008, 38 geologists working on Nickel exploration in the region. • All exploration stopped immediately in 2008 when the Nickel Price slashed (GFC). • Since 2008 little serious exploration
Slide 12: Mt Edwards (26N) Nickel Mine
Mt Edwards (26N) Nickel Mine For personal use only • Mt Edwards (26N) was mined by WMC in 2 phases (1980 to 1986, and 1990 to 1994). • Produced 951,568 tonnes at 2.7% Nickel for 25,633 tonnes of nickel metal. • Mining ceased in due to Geotech issues with the decline, however Nickel remains (particul
Slide 13: Max Ni Pierce Points – Eastern Dome Mines
Max Ni Pierce Points – Eastern Dome Mines For personal use only + Ti/V = 13
Slide 14: FY19 Exploration – Zabel & 132N Deposits
FY19 Exploration – Zabel & 132N Deposits For personal use only • Small, considered drill programs to confirm and increase confidence in the Mineral Resources, and identify high-grade mineralisation. • FY19 drilled the 132N, Zabel deposits • Recently Widgie 3 and Gillet, results pending • Significant
Slide 15: SepQ19 Exploration – Munda Deposit
SepQ19 Exploration – Munda Deposit For personal use only • Nickel Mineral rights to the Munda Project, M15/87 • Located right in the middle of the tenement package. • Diamond Core drilling here (8.2m @ 2.5% including 2.3m @ 6.11% Ni)* • Revised Nickel Mineral Resource pending Munda tenement M15/87 l
Slide 16: SepQ19 Exploration – Munda Deposit
SepQ19 Exploration – Munda Deposit For personal use only Photo of diamond core from drill hole EMD002. Massive Nickel Sulphide (2.3m grading 6.11% Nickel) is clearly identifiable above a sharp contact with the underlying basalt* Please refer to ASX announcement 10 October 2019 + Ti/V = titled “Furth
Slide 17: Max Nickel Pierce Points – Eastern Dome Resources
Max Nickel Pierce Points – Eastern Dome Resources For personal use only + Ti/V = 17
Slide 18: Neometals Regional Exploration Strategy
Neometals Regional Exploration Strategy For personal use only • May 2019 engaged Newexco to assist in future discoveries • Many targets left untested (+50 historical targets) • Newexco have noted that previously many inferior geophysics techniques were used (DHEM - coil sensors not fluxgate / Squid)
Slide 19: Targeting high-grade Ni within existing inventory and making new discoveries
Targeting high-grade Ni within existing inventory and making new discoveries For personal use only • Initial findings of review of historic geophysics are: • Inferior DHEM coil sensors used, recommend resurvering with fluxgate/SQUID • Majority of historic TEM have been carried out using wrong freque
Slide 20: Regional Exploration – Lake Eaton Prospect
Regional Exploration – Lake Eaton Prospect For personal use only • Neometals conducted exploration at Lake Eaton prospect Directly NW of Cassini • Anomalous nickel in ultramafic in MERC073 • Geochemical analysis indicates classic Kambalda style komatiite channel • Encouraging sniffs including 1m at
Slide 21: Regional Exploration – Lake Eaton Prospect
Regional Exploration – Lake Eaton Prospect For personal use only • Neometals conducted exploration at Lake Eaton prospect Directly NW of Cassini • Anomalous nickel in ultramafic unit in MERC073 • Geochemical analysis indicates classic Kambalda style komatiite channel • Encouraging sniffs including 1
Slide 22: Max Nickel Pierce Points – Western Dome Resources
Max Nickel Pierce Points – Western Dome Resources For personal use only + Ti/V = 22
Slide 23: Company Highlights
Company Highlights For personal use only SECURITY Strong balance sheet A$113.7* plus $8.9M investments, no debt Strong board and management team, collectively the largest shareholders History of de-risking development with strong operating and offtake partners History of disciplined capital
Slide 24: Thank you
For personal use only Thank you www.neometals.com.au + Ti/V = 24
Slide 25: Supporting Information
For personal use only SUPPORTING INFORMATION + Ti/V = 25
Slide 26: Who we are
Who we are For personal use only NE Board Members Management Team MD / CEO Company Secretary COO CDO GM – Lithium / CFO Projects GM – Marketing GM – Commercial / GM – Process / GM – Metallurgy / GM – Exploration IR Metallurgy R&D + Ti/V = 26
Slide 27: Corporate Overview
Corporate Overview For personal use only ASX: NMT OTC:RDRUY 12 Month Share Price Performance Shares on Issue1 m 544.44 0.35 2,000 Share Price (11-Oct-19) A$ 0.20 1,800 Market capitalisation (11-Oct-19) A$m 108.8 0.30 1,600 Cash (30-June-19) A$m 113.7 1,400 Volume (‘000s) Debt (30-June-19) A$m - 0.25
Slide 28: Mt Edwards Mineral Resource Estimate
Mt Edwards Mineral Resource Estimate as at 30 June 2019, for a block cut‐off grade of 1% Ni For personal use only Classification Deposit Tonnes (kt) Nickel % Nickel (t) Measured Armstrong 10 2.1 210 Competent Person Attribution The information in this report that relates to Exploration Measured Tota