Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Benchmark Minerals World Tour 2019
21 slides from Prospect Resources's conference presentation, Sep 16, 2019
Slide 1: Arcadia A Game Changing Lithium Project
For personal use only Arcadia A Game Changing Lithium Project Sam Hosack, Managing Director Benchmark Minerals World Tour Sydney 16th September | Seoul 23rd September | Tokyo 25th September | Hong Kong 27th September
Slide 2: Disclaimer
Disclaimer 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 its respective employees, agents or consultan
Slide 3: Value Proposition
Value Proposition Prospect Resources is rapidly developing the Arcadia Lithium Project For personal use only Strategically + ASX listed battery minerals company (ASX.PSC), with a focus on lithium in and around Zimbabwe Focused + Flagship project is the 87% owned Arcadia Lithium Project located in Zi
Slide 4: Lithium Market
For personal use only Lithium Market
Slide 5: Electric Vehicles: A robust long-term thematic
Lithium Market Electric Vehicles……. A robust long-term thematic For personal use only The rise of Electric Vehicles requires investment in the battery supply chain: • EV cost parity expected by 20221 • EV growth developed by green energy policies • PEV penetration in rapidly rise • 2018 - 2.1% 13.5x
Slide 6: Without further project financing, the market is in deficit by 2021
Lithium Market Without further project financing, the market is in deficit by 2021 … Shortage of long term supply1 For personal use only Million LCE tonnes 4.0 Investment in new lithium projects will be required to keep up with demand: EV achieves ICE cost parity • Existing operational supply only i
Slide 7: Arcadia's Competitive Advantages
For personal use only Arcadia’s Competitive Advantages
Slide 8: Arcadia, a cornerstone asset that positions Prospect as a leading lithium player
Competitive Advantages Arcadia, a cornerstone asset that positions Prospect as a leading lithium player For personal use only A Global Top 10 Hard Rock Lithium Asset ‘Shovel ready’ to commence project development Mine Hard Rock, Open Pit Ore Reserve 26.9Mt @ 1.31% Li2O + Mining lease granted (approx
Slide 9: Economic potential to be a world leading lithium project
Competitive Advantages Economic potential to be a world leading lithium project For personal use only Lithium industry brine and hard rock total cost curve - 20251 Arcadia positioned to be a USD/MT-LCE (real 2019 terms) leading lithium asset 10,000 1. Top 10 asset (hard rock) 9,000 Prospect Resource
Slide 10: Arcadia's products penetrate 100% of lithium end users
Competitive Advantages Arcadia’s products penetrate 100% of lithium end users For personal use only 54% 17% 29% EV & Energy Glass & Industrial Storage Ceramics The rechargeable battery sector is Prospect’s ultra-low iron petalite Lithium has several industrial expected to increasingly dominate conce
Slide 11: High quality, low iron, fit-for-purpose products
Competitive Advantages High quality, low iron, fit-for-purpose products Chemical/Battery For personal use only Market • Both concentrates are low iron and low alkali impurities. Peer Comparison1 Low Iron Spodumene • Prospect’s products specifications (+6% Li2O <0.30% Fe2O3, <0.50% Na2O, <0.50% K2O)
Slide 12: Arcadia validated as a premium low iron concentrate producer
Competitive Advantages Arcadia validated as a premium low iron concentrate producer for the glass & ceramics market For personal use only • Arcadia will be 1 of 3 ultra-low iron concentrate producers globally that meets the glass and Based on Prospect’s new supply into the market, Benchmark expect a
Slide 13: Ability to sell direct to end users
C o m p eSection t i t i v e AOne dvantages Ability to sell direct to end users Prospect’s direct route to the glass & For personal use only ceramics market has the potential to be Legend Spodumene & Petalite Ultra-Low Iron Petalite disruptive • Quality of product • Products Continuity and security
Slide 14: Growth Strategy: Path forward to becoming a lithium industry leader
Growth Strategy Path forward to becoming a lithium industry leader For personal use only Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 M13 M14 M15 M16 M17 M18 M19 M20 M21 M22 DETAILED DESIGN M.O.B MINE PRE-STRIP AND DEVELOPMENT PROCUREMENT INCLUDING LONG LEAD ITEMS SITE EST. & PREP
Slide 15: Contact
Contact Media For personal use only [email protected] Investors & Customers Nick Rathjen General Manager, Corporate Affairs [email protected] www.prospectresources.com.au FOLLOW US 15
Slide 16: Additional Information
For personal use only Additional Information
Slide 17: Board of directors with lithium market and project experience
Appendix 1 Board of directors with lithium market and project experience For personal use only Hugh Warner Sam Hosack Zed Rusike Executive Chairman Managing Director Non-Executive Director A third generation Zimbabwean A qualified accountant and resident A capital markets professional with with over
Slide 18: Strong management team with a collective years experience in lithium
Appendix 2 Strong management team with a collective 50 years experience in lithium For personal use only Chris Hilbrands Mike Kitney Roger Tyler Consultant, Metallurgy, Process Chief Geologist Chief Financial Officer Design Mr Tyler has worked for over 33 Mr Hilbrands has worked as Chief years’ as a
Slide 19: Corporate Summary
Appendix 3 Corporate Summary For personal use only ASX Code PSC Top Shareholders4 % Shares Outstanding1 235.95m Citicorp Nominees 11.29 Lord of Seven Hills Holdings FZE 10.98 Market Capitalisation2 A$28m Sinomine International Exploration 7.06 MBM Capital Partners 5.99 Current Share Price 12c BNP Pa
Slide 20: Arcadia DFS Financial Evaluation
Appendix 4 Arcadia DFS Financial Evaluation1 Financial Summary Units Value Capital and Operating Costs Units Value For personal use only Average Annual Free Cashflow from operations US$M 104 Average life of mine cash operating cost (FOB) 1 US$/t conc 285 (pre-tax) Average Annual Free Cashflow from o
Slide 21: Ore Reserve and Mineral Resource
Appendix 5 Ore Reserve and Mineral Resource For personal use only Arcadia Lithium Deposit Ore Reserve Estimate1 Category Tonnes Li2O (%) Ta2O5 (ppm) Li2O (t) Proven 8,000,000 1.36% 128 109,000 Probable 18,900,000 1.28% 127 242,000 TOTAL 26,900,000 1.31% 128 351,000 Arcadia JORC Mineral Resources Sta
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