Neometals Ltd · ASX:NMT
Neometals — Shareholder Meeting (November 2020)
42 slides from Neometals's shareholder meeting presentation, Nov 25, 2020
Slide 1: Green Critical Raw Material Supply Chains - AGM Presentation
For personal use only GREEN CRITICAL RAW MATERIAL SUPPLY CHAINS AGM Presentation November 2020 ASX Code: NMT OTC/Nasdaq Intl: RDRUY
Slide 2: Disclaimer
DISCLAIMER 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 in this document is of
Slide 3: Neometals innovatively develops opportunities in minerals and advanced materials
Neometals innovatively develops opportunities in minerals For personal use only and advanced materials essential for a sustainable future • Innovative ASX-listed project developer • Focus on integrated minerals/materials for EV and ESS sectors • 4 core projects with partners • Pivoting from traditio
Slide 4: Our early-partnering model to maximise ROIC is different
For personal use only Our early-partnering model to maximise ROIC is different We identify We build value We validate and We return value and secure realise value Risk-conscious Dividends and opportunities exploration, cost/ With strong partners buy backs Organically (e.g. benefit driven R&D to deve
Slide 5: Unparalleled exposure to the new energy (storage) megatrend
UNPARALLELED EXPOSURE TO THE NEW ENERGY (STORAGE) MEGATREND For personal use only 2050 Annual Demand from Energy Technologies as Percentage of 2018 Production o Exposure to key commodities as the World transitions to low carbon: o Li, Co, Ni, V o All the right elements® Source: World Bank Group 5
Slide 6: Project portfolio overview
Lithium-Ion Battery Recycling Project (Feasibility / Demo Plant Stage, For personal use only 50:50 Incorporated JV) Vanadium Recovery Project (Pre-Feasibility Stage, option to form 50:50 Incorporated JV) Lithium Refinery Project Vanadium Recovery (Feasibility Stage, MOU LiB Recycling for 50:50 Incor
Slide 7: Our People
OUR PEOPLE NE Board Members For personal use only Steve Cole David Dr Natalia Doug Dr Jennifer Les Guthrie Chair Reed Streltsova Ritchie Purdie Management Team Chris Reed Jason Carone Michael Tamlin Darren Townsend Irena Ivanova Managing Director / Company Secretary / COO CDO GM - Engineering CEO CF
Slide 8: Corporate Dashboard
CORPORATE DASHBOARD For personal use only ASX: NMT OTC:RDRUY Shares on Issue1 m 545.4 12 Month Share Price Performance Share Price (23-Nov-20) A$ 0.235 Market capitalisation 0.30 7,000 A$m 128.2 (23-Nov-20) Cash (30-Sep-20) 2 A$m 76.6 6,000 Debt A$m - 0.25 5,000 Investments Volume (‘000s) A$m 7.3 (3
Slide 9: Recycling and Recovery: Li Ion Battery Recycling Project
For personal use only RECYCLING AND RECOVERY LI ION BATTERY RECYCLING PROJECT 50:50 JV with SMS group – ‘Primobius GmbH’ 9
Slide 10: Opportunity - LIBs contain significant volumes of high-purity metals
OPPORTUNITY - LIB’S CONTAIN SIGNIFICANT VOLUMES OF HIGH-PURITY METALS For personal use only World Lithium ion battery mega- factory capacity 2019-29 Source: Benchmark Minerals Intelligence 10
Slide 11: Solution - Recycling
SOLUTION - RECYCLING We proved our safe, eco-friendly, proprietary rocess can produce high-purities at pilot-scale For personal use only Fire Risk Landfill Pollution (GHG) Material Circular Shortages Economy Storage, transport Hazardous Decarbonisation Recycling Closing the loop, and disposal materi
Slide 12: Entered JV to commercialise globally with initial focus on Europe
ENTERED JV TO COMMERCIALISE GLOBALLY WITH INITIAL FOCUS ON EUROPE – 2ND LARGEST MARKET For personal use only 50:50 JV WITH SMS group GmbH • Incorporation of Primobius GmbH to commercialise recycling technology • Constructing a showcase demonstration plant in Germany and complete feasibility study en
Slide 13: First MOU with battery-maker InoBat
FIRST MOU WITH BATTERY-MAKER INOBAT For personal use only MOU with InoBat j.s.a • InoBat j.s.a.is founder of Slovakian battery manufacturer InaBat Auto j.s.a. • InoBat is part of IPM Group, which has secured funding from a consortium of CEZ (Leading Czech Power Co), MOL (Multinational Hungarian Oil
Slide 14: Recycling and Recovery: Vanadium Recovery Project
For personal use only RECYCLING AND RECOVERY VANADIUM RECOVERY PROJECT Earning into 50:50 JV with Critical Metals Ltd (15.8% NMT) 14
Slide 15: Opportunity - vanadium-bearing slag at Scandinavian steel mills
OPPORTUNITY Luleå Slag stored +630kt o Scandinavian steel giant SSAB Vanadium Grade +4% For personal use only has +2Mt of high-grade V2O5 vanadium-bearing by-product Contained V2O5 +25,000 (“Slag”) stored at 3 steel mills in t Sweden and Finland. Net Slag Added 100ktpa o Approx 2Mt secured by Critic
Slide 16: Patent pending vanadium recovery flowsheet sequesters carbon
PATENT PENDING VANADIUM RECOVERY FLOWSHEET SEQUESTERS CARBON For personal use only Third Party CO2 Emitters FEED ~ 200,000 tpa CO2 Capture and Power Plant / Lime Kiln / Paper Mill / dry Concentration Biomass Plant SECONDARY PRODUCT (STABILISED SLAG) CO2 65,000 – 80,000 tpa and Reagents ~245,000 – 26
Slide 17: Successfully tested in mini-pilot plant
SUCCESSFULLY TESTED IN MINI-PILOT PLANT FOR ~ 100 HOURS For personal use only o Successful demonstration of Neometals’ proprietary vanadium recovery flowsheet in continuous mini-pilot test work campaign o Exceptional product purity of greater than 99.5% V2O5 o Vanadium recoveries exceeding 75% o Lea
Slide 18: Forward work program
FORWARD WORK PROGRAM Evaluation studies to be funded and managed by Neometals to timetable below: For personal use only o Metallurgical testwork o Class 5, 4 and 3 AACE (Association for the Advancement of Cost Engineering) Engineering Cost studies Indicative Project Timeline – Steel Slag Project Cla
Slide 19: Downstream Processing: Lithium Refinery Project
For personal use only DOWNSTREAM PROCESSING LITHIUM REFINERY PROJECT Neometals 100% - MoU 50:50 JV with Manikaran Power 19
Slide 20: Opportunity: battery quality lithium hydroxide from Mt Marion offtake right
THE OPPORTUNITY: BATTERY QUALITY LITHIUM HYDROXIDE FROM MT. MARION OFFTAKE RIGHT For personal use only Lithium Demand/Supply & Price o Mt Marion is 2nd largest source of lithium concentrates globally o Develop India’s first lithium refinery with strong partner o Development timing in-step with marke
Slide 21: Project partner and proposed location
PROJECT PARTNER & PROPOSED LOCATION For personal use only Binding memorandum of understanding (MOU) with Manikaran Power Limited (MPL) o Co-fund evaluation studies to build India’s first Lithium Refinery India currently has no domestic lithium production o Potential for 50:50 Incorporated JV MPL is
Slide 22: Feasibility study for 20ktpa LiOH refinery
FEASIBILITY STUDY FOR 20KTPA LIOH REFINERY For personal use only Primero Group - Class 3 Engineering Study and key vendor package integration o Strategic Metallurgy - Process Modeling and Process Engineering o Sichuan Calciner technologies to design and estimate the pyrometallurgical process package
Slide 23: Upstream Minerals: Barrambie Titanium and Vanadium Project
For personal use only UPSTREAM MINERALS BARRAMBIE TITANIUM AND VANADIUM PROJECT 100% Neometals Owned 23
Slide 24: Growing Chinese demand for feedstocks suitable for chloride pigment
THE OPPORTUNITY: GROWING CHINESE DEMAND FOR FEEDSTOCKS SUITABLE FOR CHLORIDE PIGMENT For personal use only Source: Source: TZMI August 2020 Forecast *Jazan smelter has capacity of 500ktpa TiO2 slag 24
Slide 25: Barrambie overview
BARRAMBIE OVERVIEW Globally one of the highest-grade hard-rock titanium assets For personal use only • 100% owned • Tier 1 jurisdiction • Granted mining lease • EPA approval • >A$30M spent to date in exploration / evaluation (inc. 55,000m of drilling) • Established a large resource base • Evaluated
Slide 26: Solution: reductive roasting gravity con to produce separate Ti and V concentrates
SOLUTION: REDUCTIVE ROASTING GRAVITY CON TO PRODUCE SEPARATE TI AND V CONCENTRATES For personal use only Schematic Barrambie Development Reductive roast reduces vanadium level in titanium slag and creates additional options for processing high vanadium iron concentrate 26
Slide 27: The strategy: secure strong partner
THE STRATEGY: SECURE STRONG PARTNER For personal use only Conditional MOU signed for 50:50 operating JV with leading Ti-V Research Institute IMUMR • IMUMR has Chinese national mandate to develop upstream supply chains for strategic industries. China is half of global titanium pigment production • IM
Slide 28: Upstream Minerals: Mt Edwards Nickel Project
For personal use only UPSTREAM MINERALS MT EDWARDS NICKEL PROJECT Neometals - 100% Nickel Mineral Rights 28
Slide 29: Opportunity: lithium-ion megafactories will impact demand for nickel
OPPORTUNITY Lithium-ion Megafactories will impact demand for Raw Materials including Nickel For personal use only 29
Slide 30: Mt Edwards location and mineral resources
For personal use only 50 km from Kambalda Ni Concentrator Located 80km south of Kalgoorlie Access to sealed roads, rail and energy infrastructure Mineral Resources 8.72M tonnes @ 1.7% N *Full information refer to ASX release on 6 146,000t contained Ni* October 2020 “132N Nickel Mineral Resource and
Slide 31: Mt Edwards under Neometals
MT EDWARDS UNDER NEOMETALS • Validated and grown the database For personal use only which now comprises 11,887 drillholes, 36,000 soil samples • Drilled 251 holes since acquisition, discovered more nickel • Newexco engaged to assist in data review and future discoveries • >45 prospects and targets •
Slide 32: Regional exploration - Lake Eaton
REGIONAL EXPLORATION – LAKE EATON • Multiple geophysics surveys at Lake Eaton and Lake Eaton South NW of Mincor’s Cassini. Including: For personal use only • Passive Seismic, Moving Loop EM and UAV (drone) supported Magnetic Surveys 32
Slide 33: Sustainability and ESG
For personal use only SUSTAINABILITY AND ESG NEOMETALS PORTFOLIO 33
Slide 34: Committed to optimising finite resources with circular practices
Neometals is committed to optimising finite resources with circular For personal use only practices to benefit society and the environment for a sustainable future • All projects, particularly EU, focused on materials for decarbonisation and the clean energy revolution • Further – to support domesti
Slide 35: Sustainability actions
SUSTAINABILITY ACTIONS For personal use only o Aligning with sustainable development goals o Delivering minerals and materials to support decarbonisation o Treading lightly to develop (best practice) o Diverting hazardous waste, recovering minerals and upgrading for re-use o Sequestering CO2 o Remed
Slide 36: Social / governance actions
SOCIAL / GOVERNANCE ACTIONS For personal use only o Joined alliances - International Responsible Mining Initiative, UN Global Compact, European Battery Alliance o Continued investments in technology development and R&D o Social – charitable investments, scholarships, community benefit o Governance –
Slide 37: Security and opportunity
SECURITY OPPORTUNITY For personal use only Strong balance sheet, no debt – can fund Green critical materials developments to FID for Europe Consistent strategy - Resource efficiency for partnering to reduce risks circular economy and realise returns Strong Board and Secure, ethical management – proj
Slide 38: Supporting Information
For personal use only SUPPORTING INFORMATION 38
Slide 39: Barrambie Mineral Resource Estimate
BARRAMBIE MINERAL RESOURCE ESTIMATE For personal use only Global Mineral Resource as at 17 April 20181 Classification Tonnes (M) TiO2 (%) V2O5 (%) Indicated 187.1 9.61 0.46 Inferred 93.0 8.31 0.40 Total 280.1 9.18 0.44 High Grade V2O5 Mineral Resource at (0.5% V2O5 cut-off)2 Classification Tonnes (M
Slide 40: Barrambie Mineral Resource and Ore Reserve Estimate
BARRAMBIE MINERAL RESOURCE AND ORE RESERVE ESTIMATE For personal use only Competent Person Attribution The information in this report that relates to the Barrambie Mineral Resource estimates is extracted from an ASX Announcement dated 17 April 2018 (see ASX Announcement “Updated Barrambie Mineral Re
Slide 41: Mt Edwards Mineral Resource Estimate
MT EDWARDS MINERAL RESOURCE ESTIMATE For personal use only Competent Person attribution on Next page Indicated Inferred TOTAL Mineral Resources Tonne Nickel Nickel Tonne Deposit Tonne (Kt) Nickel (%) Nickel Tonnes (Kt) (%) (%) (Kt) Widgie 32 625 1.5 625 1.5 9,160 Gillett5 1,306 1.7 1,306 1.7 22,500
Slide 42: Mt Edwards Mineral Resource Estimate - Competent Person Attribution
MT EDWARDS MINERAL RESOURCE ESTIMATE For personal use only Competent Person Attribution Competent Person Attribution The information in this presentation that relates to Exploration Results is based on information compiled by Gregory Hudson, who is a member of the Australian Institute of Geoscientis