Capital Metals Plc · LSE:CMET
Capital Metals — Investor Presentation (December 2024)
18 slides from Capital Metals's investor presentation, December 2024
Slide 1: Reduced Capex Plan to Production
REDUCED CAPEX PLAN TO PRODUCTION Our Project Grade is Truly King Sri Lanka |Q4 2024
Slide 2: Disclaimer
DISCLAIMER This presentation (the “Presentation”) has been prepared by statements will be at your sole risk. investment decision. Some or all of the information contained in Capital Metals Plc (“CMET” or the “Company”). these slides and the Presentation (and any other information The information con
Slide 3: Exceptional In-Situ Grade
EXCEPTIONAL IN-SITU GRADE Capital Metals • 17.6% THM grade sets project apart from typical 2-5% mineral sands projects, driving increased value and efficiency • Grade of this magnitude drives: o Simplicity o Lower CAPEX o Lower OPEX Other o Higher plant recovery and grades Projects o Reduced environ
Slide 4: Project Overview
PROJECT OVERVIEW Mine & Plant Construction Plan Advancing • 17.2Mt resource at 17.6% THM, with significant additional upside • Two Initial Industrial Mining Licences issued, with additional applications advancing • Service Agreements with Mineral Technologies and Access Group to support engineering/
Slide 5: Key Project Metrics
KEY PROJECT METRICS 108km2 Size project area 17.2Mt Resource of current Initial JORC 17.6% Total Heavy Minerals (THM) 75 % Valuable Heavy Minerals 90% THM recoveries 300 New Jobs Created Upside potential • Current resource only to average of 1.6m from surface – mineralisation open at depth and later
Slide 6: Strong Project Economics
STRONG PROJECT ECONOMICS H I G H M A R G I N, S H O R T PAY B A C K The Full-Scale Base Case is expected to be further enhanced by expanding the initial 10-year mine life and throughput. Revenues Operating Cashflows Free Cash Flow (over 10 years) (over 10 years) (over 10 years) $645m $391m $262m Ups
Slide 7: Exposure to Critical Resources in Short Supply
EXPOSURE TO CRITICAL RESOURCES IN SHORT SUPPLY • Project contains critical titanium minerals (ilmenite and rutile), zircon, and garnet used • Garnet is used as an abrasive - blast-cleaning, polishing, filtration and water jet cutting in industrial processes • Garnet largely ignored in historical val
Slide 8: Road to Production
ROAD TO PRODUCTION Jun 2016 Nov 2021 Apr 2022 1 2 3 May 2022 MINERAL RESOURCE ENVIRONMENTAL STRONG DRILL RESULTS 4 IMPACT ASSESSMENT RESULTS OF ESTIMATE Confirmed higher grade and DEVELOPMENT STUDY Among the highest Comprehensive consulting potential for resource process completed Strong economics a
Slide 9: Good Revenue Spread Across Product Mix
GOOD REVENUE SPREAD ACROSS PRODUCT MIX JORC Resource Category Resource % ‘OOOt THM 5,819 84% of resource is Measured 19.9 Measured or Indicated Indicated 8,602 16.6 ESTIMATED SALES VALUE %: OF WHICH: • Ilmenite 41% Inferred 2,791 16.0 Ilmenite 34.7% • Rutile 19% Rutile 3.7% • Zircon 28% TOTAL 17,212
Slide 10: Resource Upside
RESOURCE UPSIDE • Average grade from 299-hole 2021 auger drilling programme of 19.4% THM, compared to existing JORC resource grade of 17.6% THM • Very high-grade results of up to 86.1% THM, including: • 1m @ 86.1% THM • 3.5m @ 33.4% THM • 0.5m @ 70.9% THM • 1.5m @ 51.9% THM from 1.5m • 0.5m @ 56.8%
Slide 11: Resource Upside
RESOURCE UPSIDE Drilling Programme Q4 2024 • Resource extension through deeper aircore drilling to reach alluvial basement and laterally, beyond current MRE, targeting palaeo-beach and dune formations on coastal plain • Resource/reserve confirmation for final mine design and production scheduling –
Slide 12: Simple Proven Processing
SIMPLE PROVEN PROCESSING P H Y S I C A L M I N I N G & P R O C E S S I N G O N LY No blasting. No chemicals. Continuous rehabilitation. 12
Slide 13: Mine & Plant Overview – Stage 1
MINE & PLANT OVERVIEW – STAGE 1 Low Impact Mining • Based on 180tph plant feed rate (to achieve 0.55Mtpa) • Loader and truck approach with tails returned immediately to prior mine void Simple Plant Scope • Clean beach sand means minimal screening required • Only a two-stage spiral circuit required f
Slide 14: Contributing to Sri Lanka
CONTRIBUTING TO SRI LANKA • Job Creation: 300 direct jobs, with additional support roles created through multiplier effect • Skill Development: Local workforce will gain access to new skill sets, advancing their capabilities • Government Revenue: Estimated royalties and taxes Jega Gunasingam of over
Slide 15: Experienced Board/CFO
EXPERIENCED BOARD/CFO • +30 years’ resource investment banking experience • +34 years’ experience in stockbroking, investment banking • Former President 500kozs Americas gold producer and commodities • Previously Global Head of Mining and Metals Advisory for Standard Chartered • Director of Geiger C
Slide 16: Management
MANAGEMENT • Experienced engineering professional specialising in mining, processing, and • +15 years’ CFO and general management experience in project management Sri Lanka • Track record throughout lifecycle of mineral sands projects from mine • Overseeing in-country activity construction to reclam
Slide 17: Corporate Overview
CORPORATE OVERVIEW ~$8m Market Cap at 1.8p Vs $155m project Base Case NPV8 Key Info Major Shareholders 10% Sheffield Resources Limited 1 344,806,209 Shares in issue 9.5% Bart Properties Pty Limited 23,368,627 Options / Warrants 7.2% Skyfall Properties Limited CMET LSE ticker 4.7% Roman Resource Mana
Slide 18: Summary
SUMMARY GRADE IS TRULY KING EXPLORATION UPSIDE Very high grades (17.6% THM) enable a rapid, low-cost High resource growth potential with the deposit open solution with relatively low risk both at depth and laterally MAXIMISING PROJECT EQUITY ENVIRONMENT Staged, low-capex development strategy aimed a
Capital Metals — Investor Presentation (December 2024) on 6ix