Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Shareholder Meeting (November 2020)
24 slides from Prospect Resources's shareholder meeting presentation, Nov 27, 2020
Slide 1: 2020 Annual General Meeting Corporate Presentation (ASX announcement)
ASX ANNOUNCEMENT 27 November 2020 ASX.PSC FRA.5E8 XXCORPORATE November 2018 PRESENTATION: For personal use only 2020 ANNUAL GENERAL MEETING African lithium developer, Prospect Resources Ltd (ASX: PSC, FRA:5E8) (“Prospect” or “the Company”) is pleased to enclose the following Corporate Presentation b
Slide 2: Low Cost, High Purity Lithium - 2020 Annual General Meeting
For personal use only LOW COST, HIGH PURITY LITHIUM 2020 Annual General Meeting 27 November 2020 Sam Hosack – Managing Director ASX:PSC FRA:5E8
Slide 3: Disclaimer
Disclaimer Caution Regarding Forward Looking Information For personal use only The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd (“Prospect Resources or the Company”) or
Slide 4: Board of Directors and Executives
Board of Directors and Executives Lithium, project development and African mining experience For personal use only Harry Sam Zed Gerry Henian Chen Non-Executive Greaves Hosack Rusike Fahey Director Interim Chair, Managing Director Non-Executive Non-Executive Executive Director Director Director Chri
Slide 5: Agenda
For personal use only Agenda 1 Managing Directors Address 2 Resolutions, proxies and voting 3 Company and project update 4 Questions I 4
Slide 6: Managing Director's Address
For personal use only 1 Managing Directors Address 2 Resolutions, proxies and voting 3 Company and project update 4 Questions I 5
Slide 7: Resolutions, proxies and voting
For personal use only 1 Managing Directors Address 2 Resolutions, proxies and voting 3 Company and project update 4 Questions I 6
Slide 8: Overview of proxy votes
For personal use only Overview of proxy votes Resolution FOR AGAINST EXCLUSION/ DISCRETIONARY ABSTAIN Resolution 1 – Remuneration Report 58,411,027 214,068 14,185,460 4,000 Resolution 2 – Re-election of Gerard Fahey as Director 72,708,257 79,568 14,730 12,000 Resolution 3 – Re-election of Zivanayi (
Slide 9: Resolution: Remuneration Report
Resolution 1 Remuneration Report For personal use only To consider and, if thought fit, to pass the following VOTING resolution as an Ordinary Resolution: NUMBER % INTENTION “That, for the purpose of Section 250R(2) of the For 58,411,027 99.63% Corporations Act and for all other purposes, approval i
Slide 10: Re-election of Gerard Fahey as Director
Resolution 2 Re-election of Gerard Fahey as Director For personal use only To consider and, if thought fit, to pass the following VOTING resolution as an Ordinary Resolution: NUMBER % INTENTION “That Gerard Fahey, a Director who retires by rotation For 72,708,257 99.87% in accordance with the Compan
Slide 11: Re-election of Zivanayi (Zed) Rusike as Director
Resolution 3 Re-election of Zivanayi (Zed) Rusike as Director For personal use only To consider and, if thought fit, to pass the following VOTING resolution as an Ordinary Resolution: NUMBER % INTENTION “That Zivanayi (Zed) Rusike, a Director who retires by For 72,706,314 99.87% rotation in accordan
Slide 12: ASX Listing Rule 7.1A Approval of Future Issue of Securities
Resolution 4 ASX Listing Rule 7.1A Approval of Future Issue of Securities For personal use only To consider and, if thought fit, to pass the following VOTING resolution as an Special Resolution: NUMBER % INTENTION “That, for the purposes of ASX Listing Rule 7.1A and For 71,998,415 99.47% for all oth
Slide 13: Ratification of Prior Issue of Shares
Resolution 5 Ratification of Prior Issue of Shares For personal use only To consider and, if thought fit, to pass the following VOTING resolution as an Ordinary Resolution: NUMBER % INTENTION “That, for the purposes of ASX Listing Rule 7.4 and For 61,501,964 99.70% for all other purposes, the Shareh
Slide 14: Ratification of Prior Issue of Shares (Listing Rule 7.1A)
Resolution 6 Ratification of Prior Issue of Shares (Listing Rule 7.1A) For personal use only To consider and, if thought fit, to pass the following VOTING resolution as an Ordinary Resolution: NUMBER % INTENTION “That, for the purposes of ASX Listing Rule 7.4 and For 56,439,599 99.87% for all other
Slide 15: Company and project update
For personal use only 1 Managing Directors Address 2 Resolutions, proxies and voting 3 Company and project update 4 Questions I 14
Slide 16: Corporate overview
Corporate overview A unique, low cost and high quality lithium development specialist For personal use only 7th largest hard rock lithium asset globally – with DFS 1 and fully permitted Offtake agreements secured with tier one partners 2 across Europe and Asia Pilot plant launching H1 2021 to produc
Slide 17: 2020 Review
2020 Review A year of tangible progress of Arcadia For personal use only Delivered on: • Preliminary product qualification with customers • Offtake Agreement – Petalite Agreement with Sibelco • Appointment of M&A advisor – Renaissance Capital to assist with Uranium One Development of • Development o
Slide 18: Tier one partners secured
Tier one partners secured Offtake agreements in place across Europe & Asia For personal use only • 7 year offtake agreement for: • 40,000tpa of 6% spodumene concentrate; • 112,000tpa of 4% petalite concentrate; and • US$10m pre-payment • A$10m equity investment in Prospect Resources1 • 7 year term f
Slide 19: Pilot Plant
Pilot Plant On schedule to ship high purity lithium samples in H1 2021 For personal use only PETALITE SPODUMENE • Pilot Plant designed to replicate commercial STOCKPILE STOCKPILE IRON REMOVAL size operations: • ANZAPLAN validated flotation MICA REMOVAL testwork • Beijing General Research Institute o
Slide 20: Clear pathway to production
Clear pathway to production Staged development, producing of high purity products For personal use only ✓ Production of high purity samples for customers H1 CY2021 PILOT PLANT ✓ Optimise flowsheet and design for FEED ✓ Supplying samples to Uranium One Group for their continuing due diligence ✓ Low c
Slide 21: Lithium Market: EV adoption accelerating
Lithium Market EV adoption accelerating For personal use only • UK and Europe leading the way. Set to become the largest EV market of 2020 • In order for the UK to meet their EV target, it needs: • Half of the world’s 2020 lithium supply to meet future battery capacity challenge1 • Half of the world
Slide 22: Lithium Market: deficit by 2021 without further investment
Lithium Market Without further investment, the market is in deficit by 2021 For personal use only Million LCE tonnes Shortage of long-term supply 4.0 EV achieves ICE cost parity 2 • Existing operational supply only 3.5 Arcadia’s targeted commencement of operation in place to meet demand to 2021 Dema
Slide 23: Pathway to production in a supply constrained market
Pathway to production in a supply constrained market ✓ Arcadia petalite passes secondary qualification stage For personal use only ✓ Appointed Renaissance Capital for dealings with Uranium One ✓ Petalite flotation almost doubles recovery • Arcadia – Stage 1 Construction finance ✓ Offtake Agreement s
Slide 24: Contact us
For personal use only 1 Managing Directors Address Low cost, high purity lithium CONTACT US 2 Resolutions, proxies and voting Nick Rathjen Head of Corporate Development Mobile: +61 405 730 041 Email: [email protected] 3 Company and project update 4 Questions www.prospectresources.com
Prospect Resources — Shareholder Meeting (November 2020) on 6ix