Neometals Ltd · ASX:NMT
Neometals — Investor Presentation (August 2019)
33 slides from Neometals's investor presentation, Aug 22, 2019
Slide 1: Corporate Update Presentation – August 2019
For personal use only All the right elements ® Corporate Update Presentation – August 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 2003, 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: 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 = 5
Slide 6: Corporate Overview
Corporate Overview For personal use only ASX: NMT OTC:RDRUY Shares on Issue1 m 544.44 Share Price (21-Jun-2019) A$ 0.177 Market capitalisation (21- Aug-2019) A$m 95.28 Cash (30-June-19) A$m 113.7 Debt (30-June-19) A$m - Investments (30-June-19) A$m 8.9 Major Shareholders (31-Jul-2019) David Reed (No
Slide 7: 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 8: Recycling and Recovery
For personal use only Recycling and Recovery Li Ion Battery Recycling Project Neometals 100% + Ti/V =
Slide 9: 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…. and that the batteries wear out! For personal use only + Ti/V = 9
Slide 10: Value chain – we must recycle
Value chain – we must recycle For personal use only Pressure on companies to recycle: • regulatory commitment • stakeholder pressure to conduct themselves in sustainable fashion • are committed to life cycle management in home jurisdiction – extending it across global footprint + Ti/V = 10
Slide 11: Recycling Technologies
Recycling Technologies For personal use only Status: Predominantly landfill (<5% recycling rate outside China), leading flowsheet is actually more base metal recovery via pyrometallurgy (smelting ~ 40% wt recovery) with small amount hydrometallurgy and second life NMT: proprietary all-hydrometallurg
Slide 12: Scoping Study indicates strong metrics from processing consumer and EV batteries
Scoping Study indicates strong metrics from processing consumer and EV batteries For personal use only Please refer to ASX announcement 4 June 2019 titled “Battery Recycling – Scoping Study Results” + Ti/V = 12
Slide 13: Flexible Business Model
Flexible Business Model For personal use only Revenue generation via: Differentiation: • Unique flowsheet - true closed loop, 1. Provision of recycling service - fee high recoveries and environmentally for service and/or sale of chemical friendly products recovered • Flowsheet accepts broad battery
Slide 14: Recycling Project Status
Recycling Project Status For personal use only + Ti/V = 14
Slide 15: Downstream processing: Lithium Refinery Project
For personal use only Downstream processing Lithium Refinery Project Neometals MoU for 50:50 JV with Manikaran Power + Ti/V =
Slide 16: Overview
Overview For personal use only Progressing technical, commercial and approvals workstreams during downturn to be shovel ready when the market turns • Modern, conventional direct-conversion sulphate process to produce ~10kt pa of battery-quality LiOH from spodumene concentrate - similar flowsheet pro
Slide 17: MOU to JV LiOH Refinery in India
MOU to JV LiOH Refinery in India For personal use only • MOU in place with Manikaran Power for jointly funded feasibility evaluation of for first lithium refinery in India • Manikaran is the 3rd largest power trading company in India with extensive renewable energy interests • A positive FID will tr
Slide 18: Potential for significant co-product revenue
Potential for significant co-product revenue For personal use only • Developed patent pending process to synthesize zeolite from lithium refinery residue (LR) rather than traditional chemical precursors • Zeolite used as molecular sieve in gas purification, water treatment and green chemistry applic
Slide 19: Refinery Project Status
Refinery Project Status For personal use only + Ti/V = 19
Slide 20: Titanium and Vanadium
Ti/V For personal use only Titanium and Vanadium + Ti/V = 20
Slide 21: Barrambie VTM Project
Barrambie VTM Project Ti/V For personal use only One of the highest grade hard-rock Titanium assets and one of the largest Vanadium projects globally • 100% Owned • A$30M spent to date in exploration / evaluation including 55km of drilling. • Completed updated DFS on primary vanadium operation using
Slide 22: Unlocking titanium value is the key
Unlocking titanium value is the key Ti/V For personal use only 2019 DFS for V production is technically feasible and economically viable* but ignores 70% in-ground value Please refer to ASX announcement 22 May 2019 titled “Barrambie Vanadium DFS Results and Start of Titanium Pilot” and supporting in
Slide 23: Evaluation Strategy
Evaluation Strategy Ti/V For personal use only Targeting high-purity, higher value Ti and V chemical production at a right-sized scale to deliver best economics at achievable capital intensity Take through to Class 3 DFS in 2020 + Ti/V = 23
Slide 24: Barrambie Indicative Project Pipeline
Barrambie Indicative Project Pipeline Ti/V For personal use only + Ti/V = 24
Slide 25: Exploration: Mt Edwards Project
Ni For personal use only Exploration • Mt Edwards Project Lithium Refinery Project + Ti/V = 25
Slide 26: 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* • Exploration confirms the presence of multiple
Slide 27: Latest exploration results
Latest exploration results For personal use only • 15-hole infill and exploration RC drilling program yielded encouraging assays at Zabel (330kt @ 1.8% Ni) including: • 8m @ 3.2% Ni from 108m (including 4 @ 6.3% Ni); and • 1m @ 5.1% Ni from 89m. • Discovery at Lake Eaton prospect (2km NW of Cassini)
Slide 28: 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 • Newexco conducting extensive review of resources, exploration database and +50 historical targets • Initial findings of review of historic geophysics are: • Inferior DHEM coil sensors used, recommend
Slide 29: 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 30: Thank you
For personal use only Thank you www.neometals.com.au + Ti/V = 30
Slide 31: Supporting Information
For personal use only SUPPORTING INFORMATION + Ti/V = 31
Slide 32: Barrambie Mineral Resource Estimate
Barrambie Mineral Resource Estimate Ti/V For personal use only + Ti/V = 32
Slide 33: Mt Edwards Mineral Resource Estimate
Mt Edwards Mineral Resource Estimate as at June 2018, 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 Measured Total 10 2.1 210 Indicated 132N 110 3.5 3,895 Armstrong 280 2.3 6,495 Widgie Townsite 2,190 1.9