Kodal Minerals PLC · LSE:KOD
Kodal Minerals — Investor Presentation (February 2023)
19 slides from Kodal Minerals's investor presentation, February 2023
Slide 1: Kodal Minerals Plc Corporate Presentation
Kodal Minerals Ple Corporate Presentation London, UK Q1 2023
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (“Presentation”) and the presentation made to you verbally has been prepared by Kodal Minerals PLC (the “Company”). Kodal Minerals PLC is a UK company quoted on AIM, a market operated by London Stock Exchange ple. This Presentation has not been f
Slide 3: Company Snapshot Corporate Overview
COMPANY SNAPSHOT Corporate Overview Shares on | On track to be the first commercial lithium producer in Mali from our flagship fully licenced Bougouni project First lithium production at Bougouni expected in 2024 from a low capex DMS plant to be expanded through a flotation plant in the future, sign
Slide 4: Fully funded and fully permitted Bougouni Lithium Project
Fully funded and fully permitted Bougouni Lithium Project in Mali, West Africa. Kodal is progressing towards construction of the in Mali. Development of a fast-track DMS plant provides Kodal with of the buoyant lithium market. Excellent Cash Flows provide catalyst for expanding the operation with th
Slide 5: Funding partner secured with Fosun International
FUNDING PARTNER SECURED WITH FOSUN INTERNATIONAL * $117.75 million package provides the Company with long term funding security. * $65 million reserved to fully Fund the DMS Project build at Bougouni — targeting first production within 12 months of receipt of funds. * $17.75 million subscription at
Slide 6: Lithium deficit - why Bougouni is vital
LITHIUM DEFICIT - WHY BOUGOUNI IS VITAL EVs will continue to dominate demand 0 20 z i -40 oO g -60 80 2021a 2022e 2023e 2024e 2025e 2026¢e 2027e GLOBALEVs SALES FORECAST —_The'ollowing countries are expected to phase out of ICE vehicles by 2030: 2g, price (US$/tn) Spodumene 2024 2025 2026 2027 KODAL
Slide 7: Bougouni DMS Project - Overview
BOUGOUNI DMS PROJECT - OVERVIEW DMS development strategy key parameters: ie) ie) Commence mining at Ngoualana target with process recoveries up to /1% via the DMS (dense media separation) plant Low capital development cost estimated at US$65 million Payback of two months from commencement of operati
Slide 8: Spodumene price forecast 2024-2027
2024 2025 2026 2027 $2,635 $2,245 $1,935 $1,185
Slide 9: Planned Infrastructure
PLANNED INFRASTUCTURE — Modular crushing facility design complete — Basic design and layout for plant complete by DRA Global, DMS specialists — New access road concept design complete, providing a direct route to the national highway — Samples collected for confirmatory metallurgical testwork with p
Slide 10: Bougouni Lithium Project - Expansion PFS Flotation Plant Design
BOUGOUNI LITHIUM PROJECT - EXPANSION PFS Flotation Plant Design o Expansion of project with the development of the 2Mtpa flotation processing plant within three years of DMS production startup, utilising free cash flows and funding support from Hainan Mining 9 Flotation plant processing strategy wil
Slide 11: Bougouni Project Area
BOUGOUNI PROJECT AREA Lithium Deposits, DMS and Flotation Deposits Defined, with Highly Prospective Additional Targets KODAL MINERALS
Slide 12: Cost, mine life and payback comparison versus peers
US$/t SC6 1750 1500 1250 1000 750 500 250 0 Mali 2 Brazil 1 Ghana 1 Australia 1 Bougouni (DMS) Zimbabwe 1 Portugal 1 Bougouni (Flotation) DRC 1 Canada 2 Australia 2 Canada 1 Mine Life Payback (RHS) 25 3.50 3.00 20 2.50 15 2.00 1.50 10 1.00 5 0.50 0 0.00 Bougouni (DMS + Flot) Ghana 1 Mali 2 Zimbabwe
Slide 13: Project cash flow and spodumene price
1,400,000 3,500 1,200,000 3,000 Project Cash Flow, US$ Spodumene Price, US$ 1,000,000 2,500 800,000 2,000 600,000 1,500 400,000 1,000 200,000 0 500 Years -> 23 24 25 26 27 28 29 30 31 32 33 34 -200,000 0 Free Cash (Post Tax) Cumulative Cash Flow Spodumene Price (5.5%)
Slide 14: Bougouni Lithium Project Exploration Potential
BOUGOUNI LITHIUM PROJECT EXPLORATION POTENTIAL Mineral Resource Estimate and Expansion - 350krm? project area with potential to host multiple open pit lithium operations - JORC mineral resource of 21.3Mt at 1.11% Li,O. 11.6Mt at 113% Li,O indicated & 9.7Mt at 1.08& Li,O inferred - Multiple pegmatite
Slide 15: Bougouni Lithium Project - Ngoualana Deposit
BOUGOUNI LITHIUM PROJECT aim @ 172% U,0 fom erent 7 KODAL MINERALS Ngoualana Deposit AMt grading 1.20% Li,O. Metallurgical testwork confirms good recoveries via DMS processing circa 7 Infill drilling nearing completion to improve Measured and Indicated categories for conversion to Proved and Probabl
Slide 16: Ngoualana: High Grade Spodumene at Significant Widths
PLANNED INFRASTUCTURE Ngoualana: High Grade Spodumene at Significant Widths 352500 Section 4 17m at 1.63% Li Section 3 Section 2 16m at 1.88% Li,O 31m at 1.61% Li,O KODAL MINERALS Qt 2023
Slide 17: Gold Projects in Excellent Mining Locations
GOLD PROJECTS IN EXCELLENT MINING LOCATIONS Advanced project at Fatou and Nielle with potential for Gold Resource definition FATOU PROJECT NIELLE PROJECT Southern Mali Northern Céte d’lvoire Resource definition and expansion Confirmation and extension of mineralisation, targeting maiden JORC resourc
Slide 18: Board & Management
BOARD & MANAGEMENT A dedicated and faithful team focused on project execution Bernard Aylward CEO Steve Zaninovich Operations Director Rob Wooldridge Non-Exee Chairman Qingtao Zeng Non-Exec Director Charles Joseland Non-Exec Director Bernard is a geologist with over 20 years’ experience as a manager
Slide 19: Bernard Aylward
BERNARD AYLWARD Chief Executive Officer E: [email protected] SP ANGEL Financial Adviser & Joint Broker E: [email protected] CANACCORD GENUITY Joint Broker E: [email protected] ST BRIDES PARTNERS Financial PR & IR E: [email protected] ay KODAL MINERALS
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