Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Investor Presentation (May 2023)
23 slides from Prospect Resources's investor presentation, May 15, 2023
Slide 1: Investor Presentation: Leading Africa in the Battery and Electrification Minerals Revolution
For personal use only Investor Presentation Leading Africa in the Battery and Electrification Minerals Revolution 15 May 2023 ASX:PSC | FRA:5E8
Slide 2: Important Notices
For personal use only Important Notices Caution Regarding Forward Looking Information 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 Com
Slide 3: Corporate Overview and Capital Structure
Corporate Overview Capital structure Market listings ASX: PSC | FRA: 5E8 Shares on issue 462.26M Share price (as at 30/04/23) A$0.14 ▪ Compelling opportunity to leverage strong fundamentals Market capitalisation (30/04/23) A$64.7M For personal use only behind electric vehicle and decarbonisation evo
Slide 4: Experienced Board and Management
Experienced Board and Management Ian Goldberg BCom (Bus & Comm Roger Tyler MEng (Mineral Resource Evaluation), BSc (Mining Geology), Chief Financial Officer Law), CA Chief Geologist MAusIMM, MSAIMM, ARSM, SACNASP For personal use only Ian has more than 20 years of senior finance Roger is a geologist
Slide 5: Corporate Strategy
Corporate Strategy Key Management team and growth funding in place Prospect’s Board has established a strategy framework, aligned with dynamic commodity market factors For personal use only ▪ Battery and electrification minerals focused explorer and Business developer ▪ Step Aside Lithium Project, Z
Slide 6: Arcadia Lithium Project – Reputation Established
Arcadia Lithium Project – Reputation Established Prospect Team has a track record of substantial shareholder value generation through the systematic de-risking and advancement of the world-class Arcadia Lithium Mine Project For personal use only From 2016 through to early 2022, Prospect was focussed
Slide 7: LCE Market Demand
LCE Market Demand Demand • Consensus is shifting towards a significant demand gap emerging ~2030 For personal use only • EV penetration expected to reach ~50% by 2030, equating to 5.5x growth Supply • Over ~100 new projects will be needed by 2030 to support demand • Near-term supply-side risk as man
Slide 8: Step Aside Lithium Project, Zimbabwe
Step Aside Lithium Project, Zimbabwe ▪ 100% ownership; located within the Archaean Harare Greenstone Belt, approximately 35km For personal use only east Zimbabwe’s capital city Harare ▪ Claim comprises 100 hectares of prospective land west of the Mashonganyika Fault Zone ▪ Six mineralised pegmatites
Slide 9: Phase 1 Discovery Success
Phase 1 Discovery Success ▪ Robust intercepts of strong lithium tenor dominated by spodumene mineralisation at For personal use only relatively shallow depths in multiple locations ▪ Phase 1 drilling completed in October 2022 showed multiple high-grade intersections within the Colga A, D and E pegma
Slide 10: Phase 2 Delineation Drilling and Next Steps
Phase 2 Delineation Drilling and Next Steps ▪ Phase 2 diamond drilling program (~2,200m) recently completed For personal use only ▪ Designed to test lateral and vertical extents of the largest pegmatites, Colga A / B / D / E ▪ Assay results for Phase 2 drilling are currently pending ▪ Review results
Slide 11: Omaruru Lithium Project, Namibia
Omaruru Lithium Project, Namibia ▪ 20% interest; currently in process of earning to 40% via US$1M investment For personal use only ▪ EPL 5533 tenement covering 175 km2 and located 50 km east of Karibib, Namibia ▪ Contains 60 visible outcropping LCT pegmatites, with considerable prospectivity for fur
Slide 12: Karlsbrunn Prospect: Drilling and Adit Results
Karlsbrunn Prospect : Drilling and Adit Results ▪ Phase 1 drilling returned robust lithium grades and pegmatite widths (predominantly as petalite and lepidolite mineralisation): For personal use only – 8m @ 0.99% Li2O from 6m (OMR010) – 11m @ 0.95% Li2O from 51m (OMR004) – 10m @ 0.88% Li2O from 35m
Slide 13: Brockmans Prospect: Drilling Results
Brockmans Prospect : Drilling Results ▪ Brockmans deposit is located just over 4km to the For personal use only northeast of Karlsbrunn. ▪ Two adjacent holes completed in the southwest zone delivered a discovery of near-surface, shallow-dipping, continuous lithium mineralisation ▪ Significant result
Slide 14: Expanding Exploration Potential
Expanding Exploration Potential ▪ An extensive soil geochemical sampling program has identified multiple “blind”, shallow, walk-up, For personal use only exploratory lithium drilling targets at Omaruru ▪ Strong coherent anomalies returned for lithium, caesium, rubidium and beryllium, which are all p
Slide 15: Kesya Rare Earths Project, Zambia
Kesya Rare Earths Project, Zambia ▪ Exploration Licence (LEL) covering 1,053 hectares For personal use only ▪ Located near the town of Kafue in southern Zambia, 90 km via sealed road to capital, Lusaka ▪ Previous geological mapping and surface sampling has identified an extensive, rare earth- enrich
Slide 16: Outstanding Geology and Jurisdiction
Outstanding Geology and Jurisdiction ▪ Kesya is composed of a unique mineral (sövite) and a breccia associated with the carbonatite’s intrusion into For personal use only granitic gneiss rock sequences of the Zambezi Belt ▪ The volcanic intrusion is described as massive, and related to faulting, and
Slide 17: Potential High Value REE Basket
Potential High Value REE Basket ▪ Antler undertook two mapping and sampling campaigns in 2021, including reconnaissance work and For personal use only collection of 51 rock chip samples ▪ REE-enriched mineralisation observed in petrological and scanning electron microscopy (SEM) studies completed in
Slide 18: Rare Earths Demand Outlook (Deficit Looming)
Rare Earths Demand Outlook (Deficit Looming) For personal use only Content modified from Peak Rare Earths Limited ASX Announcement 6 February 2023 – “Presentation Mining Indaba Conference”
Slide 19: Kesya Proposed Exploration Plan
Kesya Proposed Kesya Carbonatite Exploration Plan Samples For personal use only • Initial diamond drilling program set to commence in Q3 2023, subject to requisite licencing, environmental and regulatory approvals • First phase of exploration focused on developing suitable long-term access to projec
Slide 20: Project Development Timeline
Project Development Timeline For personal use only Project Commodity Activity 2023 2024 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Drilling (Phase 2) Drilling (Phase 3) Step Aside Lithium MRE Project PEA Drilling (Phase 1) Development Drilling (Phase 2) Omaruru Lithium MRE PEA Timeline Kesya Rare Earths Drilling (Phase 1
Slide 21: Prospect Resources: Leading the Way
Prospect Resources: Leading the Way Electrification revolution iz a) presents a multi-decade opportunity with strong fundamentals Proven ability in designing, Significant experience in mineral . Pi a exploration, technical flowsheet wy ee aerials pet design and marketing Africa Well funded to act on
Slide 22: For personal use only
Lepidolite smelters mainly in Jiangxi Province accounted for 30% LCE share in 2022 and has grown by 56% between 2017-2022. Supply is expected to reach 157 kt LCE by 2025 with a 20% CAGR For personal use only
Slide 23: For personal use only
For personal use only Diagram taken from Lynas Rare Earths Limited ASX Announcement 3 May 2023 – “Macquarie Australia Conference”
Prospect Resources — Investor Presentation (May 2023) on 6ix