Boab Metals Ltd · ASX:BML
Boab Metals — Investor Presentation (April 2022)
26 slides from Boab Metals's investor presentation, April 2022
Slide 1: Sorby Hills Lead-Silver Project
Sorby Hills Lead-Silver Project Delivering Metals for a Sustainable Future April 2022
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Compliance Statement Certain statements in the presentation are or may be “forward-looking statements” and represent the The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Company’s intentions, projections,
Slide 3: Investment rationale
Investment rationale The Proven The Most Conductive Pb Battery Metal The primary component of the 12V batteries Ag Metal on Earth Ideal metal for use in solar cells and the Lead found in traditional and electric vehicles Silver electronic components of electric vehicles. Australia’s largest undevelo
Slide 4: Corporate summary
Corporate summary Capital structure ( 8 April 2022) Share Price History Share Price A$0.43/ share 9.0 0.9 8.0 0.8 Trading Volume (Million Shares) Shares on Issue 153 million shares Closing Share Price (A$/sh) 7.0 0.7 Market Cap A$66 million 6.0 0.6 5.0 0.5 Debt Nil 4.0 0.4 3.0 0.3 Cash A$8.4million
Slide 5: 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 6: Sorby Hills Project highlights
Sorby Hills Project highlights Australia’s largest undeveloped, near-surface Lead-Silver-Zinc deposit ✓ 75%/25% Joint Venture Partnership with China’s largest Lead smelter and Silver producer. ✓ Granted pre-native title mining tenements. ✓ EPA Approved for Open Pit Mine and Infrastructure. ✓ Located
Slide 7: PFS highlights
PFS highlights The Sorby Hills PFS released in August 2020 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 meta
Slide 8: High quality Mineral Resource estimate
High quality Mineral Resource estimate 14% Increase in Measured and Indicated Resource versus the Sorby Hills PFS Previously excluded from Sorby Hills Mine Plan A’ Image: Long section looking west through the Sorby Hills Resource Grade Contained Metal A Deposit Mt Pb Ag Pb Eq. Zn Pb Ag Pb Eq. Zn % g
Slide 9: Significant Resource upside potential
Significant Resource upside potential Drilling continues to reveal new and extended mineralisation across the Sorby Hills deposits and prospects. • Recent high grade drilling results at the Beta Deposit provide further support and confidence to the recently updated Mineral Resource Estimate at Sorby
Slide 10: Enhanced metallurgical recoveries
Enhanced metallurgical recoveries Comprehensive DFS metallurgical results to deliver uplift in metal recovery across the life of mine Ore Type Pb Recovery Ag Recovery Oxidised Ore Up to 90% Up to 92% Fresh Ore Up to 95% Up to 87% • Builds upon a significant body of previous work undertaken by Boab s
Slide 11: Low-risk Project with significant scope for growth
Low-risk Project with significant scope for growth A low-risk Mine Plan underpinned by Conventional processing route producing a 92% Ore Reserves high-quality concentrate • PFS adopted a Single stage crush and semi-autogenous grinding (SAG) followed Ore Pb (%) Pb (kt) Ag (g/t) Ag (Moz) by Sulphide a
Slide 12: Sorby Hills Definitive Feasibility Study
Sorby Hills Definitive Feasibility Study Updated Mineral Resource Estimate ✓ 14% increase in Measured and Indicated Resources versus the PFS including 78% increase in Measured Resources with significant upside potential. Enhanced Metallurgical Recoveries ✓ Results reveal separate flotation of Oxidis
Slide 13: Sorby Hills Offtake and Project Financing
Sorby Hills Offtake and Project Financing Advanced progress toward securing binding offtake and project finance for Sorby Hills Offtake Agreement • Competitive tender for Boab’s share of the Sorby Hills concentrate nearing conclusion. Strong proposals have been received from a suite of international
Slide 14: Sorby Hills project financier site visit
Sorby Hills project financier site visit A unique opportunity to provide insight on the Project and the tangible benefit it will have on the local community Image: Representatives from NAIF and Commercial Banks together with Boab Senior management looking out over the Sorby Hills deposit on Discover
Slide 15: Development timeline providing significant newsflow
Development timeline providing significant newsflow Milestone Status CY2022 Q1 Q2 Q3 Definitive Feasibility Study - Metallurgical Test Work Program ✓ - Mineral Resource Update ✓ - Final Mine and Process Plant Design Ongoing - Process Plant & Infrastructure Tenders Ongoing - DFS Completion Permitting
Slide 16: The Silver & Lead Markets
The Silver & Lead Markets Boab Metals Limited ASX:BML 16
Slide 17: Lead: An underrated battery metal
Lead: An underrated battery metal 70% of all rechargeable battery energy storage capacity worldwide is provided by lead batteries Sorby Hills PFS Revenue Split Global Lead Battery Market2 475,223 t 600 Payable Lead 500 Lead A$1.4 Billion Revenue 400 GWh 300 200 14,300,481 oz Silver Payable Silver 10
Slide 18: Silver: A precious metal with strong green credentials
Silver: A precious metal with strong green credentials Silver‘s traditional role as a storer of wealth is complemented by increasing industrial demand Sorby Hills PFS Revenue Split BML Share Price vs A$ Silver Price 475,223 t 10.0 1.00 Trading Volume (million shares) Closing Share Price (A$/sh) Paya
Slide 19: Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project
Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project Boab has acquired a 100% interest in the Manbarrum Zinc-Lead-Silver Project Key highlights include: • Manbarrum is strategically located 25km east of the Sorby Hills Lead-Silver Zinc Project; • Mineral Resources declared at two prospects wi
Slide 20: Thank you
Thank you Simon Noon – Managing Director & CEO [email protected] www.BoabMetals.com www.linkedin.com/company/boab-metals
Slide 21: Appendix
BOAB Appendix
Slide 22: Sorby Hills JV partnership
Sorby Hills JV partnership Boab (75% interest) Henan Yuguang Gold and Lead Co., Ltd (25% contributing interest) • Yuguang Gold and Lead Co., Ltd (“Yuguang”) is the largest Lead smelting company and Silver producer in China. • Yuguang has fully endorsed the Company’s DFS program and is contributing i
Slide 23: Regional exploration potential
Regional exploration potential Eight Mile Creek - Exploration Licence E80/5317 Exploration Tenements 100% owned by Boab Metals covering 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.
Slide 24: Establishing deep roots within the local community
Establishing deep roots within the local community Boab is extremely proud to be the Naming Rights Sponsor of the Ord Valley Muster for 2022 and beyond. ▪ Sense of community plays a key role in economic and social well-being of stakeholders across the east Kimberley Region. ▪ The Ord Valley Muster h
Slide 25: Mineral Resource Estimate - 17 December 2021
Mineral Resource Estimate - 17 December 2021 Grade Contained Metal Deposit Mt Pb Ag Pb Eq. Zn Pb Ag Pb Eq. Zn % g/t % % kt koz kt kt A 0.6 5.3 23 6.0 0.1 31 427 35 6 B 2.7 3.6 20 4.2 0.3 97 1,720 112 8 Omega 17.2 3.3 34 4.2 0.4 566 18,948 730 71 Norton 21.1 2.8 34 3.8 0.4 590 24,090 799 96 Alpha 1.5
Slide 26: Equivalent calculation
Equivalent calculation The contained metal equivalence It is Boab’s opinion that all elements Metal equivalents are highly dependent on the included in the metal equivalent calculation metal prices used to derive the formula. Boab formula is based on the Sorby Hills notes that the metal equivalence