Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Mines & Money London (November 2023)
24 slides from Prospect Resources's conference presentation, Nov 20, 2023
Slide 1: Leading Africa in the Battery and Electrification Metals Revolution
For personal use only Investor Presentation Leading Africa in the Battery and Electrification Metals Revolution 20 November 2023 ASX:PSC | FRA:5E8
Slide 2: Corporate Overview and Capital structure
Corporate Overview Capital structure Market listings ASX: PSC | FRA: 5E8 Shares on issue 462.26M Share price (as at 17/11/23) A$0.099 ▪ Compelling opportunity to leverage strong fundamentals Market capitalisation A$45.8M For personal use only behind electric vehicle and decarbonisation evolution Cas
Slide 3: Experienced Board and Management
Experienced Board and Management Ian Goldberg BCom (Bus & Comm Roger Tyler MEng (Mineral Resource Evaluation), BSc (Mining Geology), Chief Financial Officer Law), CA Chief Geologist MAusIMM, MSAIMM, ARSM, SACNASP For personal use only Ian has more than 20 years of senior finance Roger is a geologist
Slide 4: Corporate Strategy
Corporate Strategy Key management team and growth funding in place Prospect’s Board has a well-established strategy framework, aligned with dynamic commodity market factors For personal use only ▪ Battery and electrification metals focused explorer and Business developer ▪ Step Aside Lithium Project
Slide 5: Arcadia Lithium Project – Reputation Established
Arcadia Lithium Project – Reputation Established Prospect has a proven track record of substantial shareholder value generation through the systematic de-risking and advancement of the world-class Arcadia Lithium Mine Project For personal use only From 2016 through to early 2022, Prospect was focuss
Slide 6: LCE Market Demand
LCE Market Demand Demand • Consensus is shifting towards a significant demand gap emerging ~2030 For personal use only • EV penetration expected to reach ~50% by 2030, equating to 5.5x growth Supply • Over ~100 new projects will be needed by 2030 to support demand • Near-term supply-side risk as man
Slide 7: LCE Pricing
LCE Pricing Lithium Carbonate 99.5% Min Price (US$/t) $90,000 Macro and Equity market pullback in lithium For personal use only $80,000 and battery minerals may be short-lived given: $70,000 • Huge forecast long-term LCE deficits $60,000 • Current levels approaching incentive price floors $50,000 •
Slide 8: Step Aside Lithium Project, Zimbabwe
1. 1 Step Aside Lithium Project, Zimbabwe ▪ 90% ownership; located within the Archaean Harare Greenstone Belt, approximately 35km For personal use only east Zimbabwe’s capital city Harare ▪ Claim comprises 100 hectares of prospective Located 8km north of the Arcadia Lithium land west of the Mashonga
Slide 9: New "WinBin" Discovery
New “WinBin” Discovery ▪ Two scout holes, CDD055-CDD056, and five further drill holes returned wide intercepts of strongly mineralised For personal use only pegmatite from shallow depths ▪ Exciting new discovery with promising assay results: ─ 33m @ 1.18% Li2O from 81m, including; ▪ 24m @ 1.41% Li2O
Slide 10: WinBin Lithium Footprint is Growing
WinBin Lithium Footprint is Growing ▪ Further drill holes returned wide intercepts of strongly mineralised pegmatite from shallow depths For personal use only ▪ Visual spodumene visible in all drill holes to date Summary of Visual Estimates for drill holes with outstanding assays Collar Co-ordinates
Slide 11: Phase 3 Expanded Programme
Phase 3 Expanded Programme ▪ Ongoing Phase 3 diamond drilling programme expanded to ~5,000m (3,750m now complete) following WinBin discovery with two rigs currently on For personal use only site to accelerate exploration works into December ▪ Phase 3 key objectives include: ─ Rapid delineation of th
Slide 12: Omaruru Lithium Project, Namibia
2. 2 Omaruru Lithium Project, Namibia ▪ EPL 5533 tenement covers 175 km2 and is located 50 km east of Karibib in Namibia For personal use only ▪ Contains 60 visible outcropping LCT pegmatites, with considerable prospectivity for further lithium- enriched deposits below cover High level achievements
Slide 13: Karlsbrunn: Ongoing drilling and soil sampling
Karlsbrunn: Ongoing drilling and soil sampling ▪ Five drill holes for 345m were completed as part of the Phase 1 drilling programme For personal use only ▪ Significant intercepts returned included: ─ 35m @ 0.85% Li2O from surface, including ─ 5m @ 1.03% Li2O from 1m and ─ 13m @ 1.04% Li2O from 12m (
Slide 14: Significant Regional Potential Defined
Significant Regional Potential Defined ▪ Soil sampling programmes recently completed For personal use only over four separate grids, including new Karlsbrunn SE discovery with large pegmatite outcrops ▪ Additional work undertaken adjacent to the existing Bergers, Karlsbrunn and Hillside prospects ha
Slide 15: Karlsbrunn SE Pegmatites
Karlsbrunn SE Pegmatites ▪ Prospect recently discovered an unmapped cluster of lithium mineralised pegmatites 1.4km southeast of Karlsbrunn Main For personal use only ▪ A coherent 500m long, 150m wide lithium geochemical anomaly represents a compelling new scout RAB target and will be drilled during
Slide 16: Bergers Revisited
Bergers Revisited ▪ Encouraging, near-surface, first-pass lithium For personal use only drilling intersections of 7m @ 0.84% Li2O (OMR032) and 3m @ 0.71% Li2O (OMR037) during the Phase 1 drilling demanded follow up, with infill soil sampling completed ▪ Re-evaluation of Bergers has now identified a
Slide 17: Clear Exploration Pathway Established
Clear Exploration Pathway Established ▪ Ongoing Phase 2 programme is underway with RAB For personal use only drilling to target soil anomalies defined at Karlsbrunn SE, Bergers and Karlsbrunn NE ▪ Prospect expects to complete its Phase 2 earn-in to a 51% majority stake of Omaruru during Q4 2023 ▪ Th
Slide 18: For personal use only
Lepidolite smelters (mainly in Jiangxi Province) accounted for 30% LCE share in 2022 and grew by 56% between 2017-2022. Supply is expected to reach 157 kt LCE by 2025 with a 20% CAGR. Omaruru is a lepidolite rich area. For personal use only
Slide 19: Kesya Rare Earths Project, Zambia
3. 3 Kesya Rare Earths Project, Zambia ▪ Exploration Licence (LEL) covering 1,053 hectares For personal use only ▪ Located near the town of Kafue in southern Zambia, 90 km via sealed road to capital, Lusaka ▪ Previous geological mapping and surface sampling has identified a large, rare earth- enrich
Slide 20: Outstanding Geology and Jurisdiction
Outstanding Geology and Jurisdiction ▪ Kesya is composed of a unique mineral (sövite) and breccia associated with the carbonatite’s intrusion into For personal use only granitic gneiss rock sequences of the Zambezi Belt ▪ The volcanic intrusion is described as massive, and related to faulting, and c
Slide 21: Potential High Value REE Basket
Potential High Value REE Basket ▪ Antler undertook two mapping and sampling For personal use only campaigns in 2021, including reconnaissance work and collection of 51 rock chip samples ▪ Results show REE contained within monazite and bastnaesite mineralisation, with low levels of deleterious uraniu
Slide 22: Rare Earths Demand Outlook (Deficit Looming)
Rare Earths Demand Outlook (Deficit Looming) For personal use only Content modified from Peak Rare Earths Limited ASX Announcement 6 February 2023 – “Presentation Mining Indaba Conference”
Slide 23: Prospect Corporate Outlook for 2024
Prospect Corporate Outlook for 2024 Step Aside (Zimbabwe) • Potential high grade spodumene feed source for nearby operating Arcadia Mine (8km away) • Finalise definition drilling to establish global resource tonnage For personal use only Omaruru (Namibia) • Large ground holding contains significant
Slide 24: Prospect Resources: Leading the Way
Prospect Resources: Leading the Way Electrification revolution presents a For personal use only multi-decade opportunity with strong fundamentals Significant experience in mineral Proven ability in designing, exploration, technical flowsheet developing and delivering battery design and marketing met
Prospect Resources — Mines & Money London (November 2023) on 6ix