Boab Metals Ltd · ASX:BML
Boab Metals — Pacifico Minerals — Investor Presentation (October 2020)
24 slides from Boab Metals's investor presentation, Oct 12, 2020
Slide 1: Developing a Growing, Open Pit Lead-Silver Project in Western Australia
Developing a Growing, Open Pit Lead-Silver Project in Western Australia Se e = Pacifico Minerals Ltd Investor Presentation - 12 October 2020
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements Certain statements in the presentation are or may be “forward-looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results or the Company’s future perfor
Slide 3: Investment Rationale
INVESTMENT RATIONALE ✓ Australia’s largest undeveloped, near-surface Lead-Silver-Zinc deposit Granted mining leases, EPA approved1, 150km from Wyndham Port in Western Australia ✓ Low Risk Operation located in a Tier 1 Mining Jurisdiction Initial 10-year Open cut mine plan underpinned by 92% Reserves
Slide 4: Corporate Summary
CORPORATE SUMMARY Capital structure (as at 9 October 2020) Pacifico Minerals Limited (ASX:PMY) Share Price A$0.018 / share ✓ ASX-listed base metal developer and explorer. Shares on Issue 3,476 million shares ✓ Experienced Board and Management with a proven track record in Market Capitalisation A$63
Slide 5: Project Highlights
PROJECT HIGHLIGHTS Sorby Hills Lead-Silver-Zinc Project Australia’s largest undeveloped, near-surface Lead-Silver-Zinc deposit. ✓ 75%/25% Joint Venture Partnership with China’s largest Lead smelter and Silver producer, Henan Yuguang Gold and Lead Co. Ltd. ✓ Granted pre-native title mining tenements.
Slide 6: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE Large shallow Resource comprising six gently dipping Lead-Silver deposits with well defined geology Deposit Mt Pb (%) Ag (g/t) Zn (%) A 0.6 6.1 32 1.2 B 1.8 4.3 24 0.3 Omega 15.8 3.5 32 0.4 Norton 20.6 2.8 37 0.4 Alpha 2.0 3.1 67 1.0 Beta 3.3 4.6 61 0.4 Total 44.1 3.3 38 0.
Slide 7: PFS Highlights
PFS HIGHLIGHTS PFS highlights a technically robust project with impressive economics The PFS highlights the low-risk nature of the Sorby Hills Project with a well-defined large-scale Mineral Resource, conventional crush-mill-float processing circuit, high metal recoveries and key approvals received.
Slide 8: Ore Reserve and Mine Plan
ORE RESERVE AND MINE PLAN A low-risk Mine Plan underpinned by 92% Ore Reserves Classification Mt Pb (%) Pb (kt) Ag (g/t) Ag (Moz) The PFS Base Case incorporates the mining of 14.8Mt of ore over an initial 10-year mine life from four deposits, namely Proved 6.8 4.1 275 53.0 11.5 Omega, A, B and south
Slide 9: Metallurgy & Processing
METALLURGY & PROCESSING Conventional processing route producing a high-quality concentrate Production Summary Plant Process Crush, Mill and Float Plant Throughput 1.5Mt p.a. Average Feed Grade 3.6% Lead, 39.5 g/t Silver Average Lead Recovery 93.3% Average Silver Recovery 80.3% Total Production 807,0
Slide 10: Value Adding Opportunities
VALUE ADDING OPPORTUNITIES 2,000 Demonstrated ability to efficiently increase Resource size and confidence with each drilling program 1,500 Pb Eq. (kt) 1,000 Phase I Phase II Phase III Pacifico has undertaken three phases of drilling that have: Drilling Drilling Drilling 5,372 m 6,000 m 3,265 m 500
Slide 11: Value Adding Opportunities
VALUE ADDING OPPORTUNITIES High quality near mine drilling targets ✓ Planned drilling is expected to confirm continuity between Norton and Omega deposits. ✓ Extension of the gravity survey to cover full tenement package. ✓ Four wildcat drillholes in 2018 intersected continuous shallow mineralisation
Slide 12: Value Adding Opportunities
VALUE ADDING OPPORTUNITIES The incorporation of a DMS circuit would allow Optional DMS Circuit for the economic treatment of lower grade ore that would otherwise be classified as waste ▪ The PFS considered an alternative processing option whereby low-grade ore is beneficiated via a parallel DMS circ
Slide 13: Value Adding Opportunities
VALUE ADDING OPPORTUNITIES Eight Mile Creek - Exploration Licence E80/5317 ✓ 100% owned by Pacifico. ✓ Covers 217 km2 of relatively underexplored tenure immediately south of Sorby Hills. ✓ 30 km of along-strike geology highly prospective for deposits similar to Sorby Hills. ✓ A native title and mine
Slide 14: Project Financing
PROJECT FINANCING Pacifico has engaged with the Northern Australia Infrastructure Facility (“NAIF”) in regard to financing for the Project ▪ NAIF is an Australian Federal Government organisation with an aggregate of A$5 billion of debt finance which may be lent on concessional terms to support infra
Slide 15: Lead and Silver in the Clean Energy Economy
LEAD AND SILVER IN THE CLEAN ENERGY ECONOMY Lead ▪ Lead batteries are a key in the transition to a low carbon economy, applications include: ▪ Electric Vehicles 12V lead batteries power the EV battery management and safety systems. ‘Stop-start’ technology requires batteries with 25% more lead1; ▪ E-
Slide 16: Exposure to the Silver Market
EXPOSURE TO THE SILVER MARKET The recent surge in the price of Silver has 100 $0.04 been reflected in the Pacifico share price 100 Ag US$35/oz $0.04 demonstrating the significance of the precious metal in the value of Sorby Hills 75 Ag US$30/oz $0.03 75 Ag US$30/oz $0.03 Relevance for shareholders T
Slide 17: Development Timeline Providing Significant Newsflow
DEVELOPMENT TIMELINE PROVIDING SIGNIFICANT NEWSFLOW On track to become a significant lead-silver producer in Western Australia Milestone Status CY2020 CY2021 Q4 Q1 Q2 Q3 Q4 Updated Resource Estimate ✓ Pre Feasibility Study ✓ Maiden Ore Reserve Estimate ✓ Securing Funds to reach Decision to Mine ✓ Dr
Slide 18: Thank You
Simon Noon – Managing Director THANK YOU [email protected] www.pacificominerals.com.au PACIFICO MINERALS LIMITED ASX:PMY 18
Slide 19: Appendix
APPENDIX PACIFICO MINERALS LIMITED ASX:PMY 19
Slide 20: PFS Capital and Operating Costs
PFS CAPITAL AND OPERATING COSTS Capital Cost Estimate Operating Cost Estimate1 Capital Item A$M Cost Centre A$M A$/t ore A$/lb2 US$/lb2 Pre Production Mining 24.3 Mining 347 23.48 0.33 0.23 Process Plant incl. EPC fee 105.4 Processing 292 19.80 0.28 0.20 Infrastructure 20.5 G&A 107 7.28 0.10 0.07 Ow
Slide 21: PFS Life of Mine Metrics
PFS LIFE OF MINE METRICS Item Unit Base Case Item Unit Base Case Economic Assumptions Cash Flow Lead Price US$/t 2,095 Lead Revenue A$M 1,422.3 Silver Price US$/oz 21.10 Silver Revenue A$M 431.1 Exchange Rate A$:US$ 0.70 Gross Revenue A$M 1,853.3 Physicals Royalties A$M (69.5) Life of Mine (LOM) Yea
Slide 22: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE Mineral Resource Estimate. Reported at cut-off of 1% Pb (Pb domains only). Measured Indicated Inferred Total ✓ Updated Mineral Resource Estimate Pb Ag Zn Pb Ag Zn Pb Ag Zn Pb Ag Zn undertaken by independent consultants Deposit Mt Mt Mt Mt (%) (g/t) (%) (%) (g/t) (%) (%) (g/
Slide 23: Board and Management
BOARD AND MANAGEMENT Experienced Board and Management with a proven track record in exploration and development. Gary Comb Simon Noon Richard Monti Andrew Parker Chairman Managing Director and CEO Non-Exec. Director Non-Exec. Director Engineer with over 30 years’ Experienced executive with a strong
Slide 24: Equivalent Calculation
EQUIVALENT CALCULATION The contained metal equivalence formula is based on the Sorby Hills PFS including: • Lead Price US$2,095/t; • Silver Price US$21.1/oz; Lead Equivalent Calculations • Silver recovery of 80.3% (weighted average of oxide and fresh Ag recoveries); and • Silver Payability rate of 9
Pacifico Minerals — Investor Presentation (October 2020) on 6ix