Aterian Plc · LSE:ATN
Aterian — Investor Presentation (January 2024)
40 slides from Aterian's investor presentation, January 2024
Slide 1: Unlocking the Potential of Critical Metals in Africa
APPENDICES Unlocking the Potential of Critical Metals in Africa Corporate Presentation Q1 2024 LSE : ATN Private & Confidential 1
Slide 2: Disclaimer
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Disclaimer The information contained in this confidential document (“Presentation”) has been prepared by Aterian plc (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. This Presenta
Slide 3: Overview
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Overview Ethical exploration, development and trading Large portfolio of critical metals in Rwanda JV with Rio Tinto allows Morocco, Rwanda and Botswana for MRE for lithium, tantalum, of critical metals across Africa niobium and tin Focused on cre
Slide 4: Board & Management Team
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Board & Management Team Wide in-house Expertise and Experience: CHARLES BRAY SIMON ROLLASON GRAHAM DUNCAN Chairman CEO & Director CFO Experience primarily focused in investment Simon has 30 years of international management and Graham is a UK-base
Slide 5: Critical & Strategic Metals
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Critical & Strategic Metals Critical raw material production and their supply is economically and strategically important globally Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many o
Slide 6: Strategy - From Exploration to Trading
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Strategy - From Exploration to Trading Aterian PLC 6
Slide 7: Delivering Critical Metals with Low Impact
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Delivering Critical Metals with Low Impact It is our responsibility and in our long-term interests to be a responsible investor Integrating ESG in investment decision-making and active ownership practices CONFLICT MINERAL POLICY - Supporting the O
Slide 8: Morocco
Morocco Tier One Investment Destination Aterian PLC 8
Slide 9: Morocco – Emerging African Mining Powerhouse
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Morocco – Emerging African Mining Powerhouse ATERIAN PORTFOLIO ESTABLISHED MINING INDUSTRY SUPPORTIVE GOVERNMENT 897 17 2nd 1st Attractive mining code and strong governmental Aterian mineral km² largest Africa’s backing behind a developing mining
Slide 10: Morocco – Strong Copper-Silver Portfolio
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Morocco – Strong Copper-Silver Portfolio 17 highly prospective exploration projects in Morocco Primarily targeting COPPER in addition to Ag, Sn, Zn, Pb, and Au Most projects are located close to historic and ongoing mining operations Projects loca
Slide 11: Work Plan - Advance and Develop 3 Key Copper Projects
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Work Plan - Advance and Develop 3 Key Copper Projects Projects are located in the highly prospective Anti-Atlas mountain range, which hosts numerous world-class mineral deposits, including: Imiter Ag mine (131 Moz at 500 g/t Ag) | Bouazzer Co mine
Slide 12: AGDZ – Copper & Silver Potential
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES AGDZ – Copper & Silver Potential A land package of 34.36 km² located in the prospective Eastern Anti-Atlas of Morocco Mapping, rock chip sampling, ground geophysics and reconnaissance trenching completed to date Located in an active mining distric
Slide 13: AGDZ – Known Copper-Silver Prospects
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES AGDZ – Known Copper-Silver Prospects AMZWARO PROSPECT - Multiple zones up to 2 km long and 200 m wide - Individual alteration zones up to 33 m in width - Results include rock chip grades of 4.82 % Cu, 189 g/t Ag and 1.91 g/t Au Trenching at Amzwar
Slide 14: TATA – Sedimentary hosted copper
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES TATA – Sedimentary hosted copper Aterian PLC 14
Slide 15: AZRAR – Sedimentary hosted copper
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES AZRAR – Sedimentary hosted copper Aterian PLC 15
Slide 16: JEBILET EST Vein-hosted copper project
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES JEBILET EST Vein-hosted copper project THE NEXT KEY PROJECT IN THE PORTFOLIO 16 Aterian PLC
Slide 17: Rwanda
Rwanda The New Lithium Frontier in Africa Aterian PLC 17
Slide 18: Rwanda – A New African Lithium Province
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Rwanda – A New African Lithium Province EARN-IN JV TO DEVELOP THE LITHIUM OPPORTUNITY 18% of global ONE OF THE WORLD’S LARGEST PRODUCERS OF tantalum >3,000ha TIN, TUNGSTEN AND TANTALUM production prospective from Rwanda for critical & (2022) strat
Slide 19: Rwanda Business Model
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Rwanda Business Model Near-term revenues from Mine Development and Trading to fund future exploration – An integrated, sustainable business model PARTNERSHIP & DEVELOPEMENT EARN-IN JOINT VENTURES TRADING Project pipeline growth through deal flow a
Slide 20: HCK JV – RIO TINTO Earn-in JV
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES HCK JV – RIO TINTO Earn-in JV Part of the Earn-in JV with Rio Tinto targeting the bedrock lithium potential, signed in August 2023 Rio Tinto to spend up to US$ 7.5 million in two phases to earn a 75% interest Aterian discovered 19 pegmatite zones,
Slide 21: Rwanda Metal Trading
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Rwanda Metal Trading Tin, Tungsten, Tantalum (3Ts) trading in the Great Lakes Region Rwanda exports 16% of the global tantalum market, with Kigali a regional hub for 3Ts trading Aterian holds a Rwanda metal Trading License, allowing the purchase a
Slide 22: Botswana
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Botswana A Battery Metal Destination in Africa 22
Slide 23: Botswana – Kalahari Copperbelt and Lithium Brines
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Botswana – Kalahari Copperbelt and Lithium Brines ATERIAN PORTFOLIO ESTABLISHED MINING INDUSTRY SUPPORTIVE GOVERNMENT 3,516 1st 1st A strongly democratic country, being politically 2 km² Africa’s No.1 Country on World’s leading and socially suppor
Slide 24: Sedimentary Hosted Copper & Lithium Brine
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Sedimentary Hosted Copper & Lithium Brine Licences are held by 90% Aterian-owned Atlantis Metals (Pty) Ltd, a private Botswana registered company One prospecting licence covering 999 km2 located in the world-renowned Kalahari Copperbelt (“KCB”) No
Slide 25: Kalahari Copperbelt - KCB
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Kalahari Copperbelt - KCB The NE-trending Proterozoic belt, 800km long by up to 250km wide, stretches from northern Botswana into eastern Namibia The KCB district is similar in setting to the Central African Copperbelt sediment-hosted deposits of
Slide 26: Sua Pan – Lithium Brine Opportunity
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Sua Pan – Lithium Brine Opportunity Three recently granted prospecting licences covering 2,517 km2 over the eastern region of the Makgadikgadi Pans in northern Botswana The main target commodity is lithium hosted in near-surface brines Lithium bri
Slide 27: Summary
Summary Aterian PLC 27
Slide 28: Summary
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Summary • EXPLORE AFRICAN Cu-Ag (+ POLY-METALLIC) AND LITHIUM PROJECTS • PARTNER Multi-commodity & multi-jurisdiction • TRADE LARGE PORTFOLIO Opportunity for investors to participate in multiple discoveries PARTNERSHIP WITH GLOBAL TIER-1 MINING CO
Slide 29: Contacts
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Contacts 27-28 Eastcastle Street, London W1W 8DH, United Kingdom [email protected] www.aterianplc.com Aterian PLC 29
Slide 30: Appendices
CORPORATE MOROCCO RWANDA SUMMARY APPENDICES Appendices Aterian PLC 30
Slide 31: Appendix: Copper – Positive Long-Term Outlook
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Appendix: Copper – Positive Long-Term Outlook EV sales approaching 40 million in 2030, requiring 2 Mt of additional copper Near-term oversupply but structural deficit remains FUNDAMENTAL Use in energy generation, transmission infrastructure, energ
Slide 32: Appendix: Lithium – Short-term Surplus BUT Long-term Demand Growth
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Appendix: Lithium – Short-term Surplus BUT Long-term Demand Growth DEMAND In 2030, the global demand for lithium is expected to surpass 2.9 million metric tons of lithium carbonate equivalent (LCE), doubling the demand forecast for 2025. Increases
Slide 33: Appendix: Greener Metals in Rwanda
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Appendix: Greener Metals in Rwanda ROAD TO DECARBONISATION • Growth in renewable energy and electric vehicle sectors is needed to reduce greenhouse gas emissions. • New green sectors are extremely mineral intensive, relying on a small number of cr
Slide 34: Appendix: Morocco Agdz Project – Amzwaro & Makarn Prospects
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Appendix: Morocco Agdz Project – Amzwaro & Makarn Prospects Aterian PLC 34
Slide 35: Appendix: Morocco Agdz Project – Miniére Prospect Historic Mining
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Appendix: Morocco Agdz Project – Miniére Prospect Historic Mining Aterian PLC 35
Slide 36: Appendix: Morocco Agdz Project – Geophysical Interpretation
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Appendix: Morocco Agdz Project – Geophysical Interpretation Three types of deformation elements are identified from the interpretation • Regional faults with a NE trend, forming a strike-slip (“horsetail”) structure; • Subordinate faults and/or sh
Slide 37: Appendix: Rwanda HCK
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Appendix: Rwanda HCK 1 Typical HCK Kaolinised Pegmatite Tantalum-Niobium (Coltan) Crystals Abandoned Artisanal Mine Workings on HCK-1 Aterian PLC 37
Slide 38: Rwanda Musasa Project
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Rwanda Musasa Project Upside through additional evaluation Application for new 400-hectare, 100% owned exploration licence pending approval Exploration expenditure and operations to be undertaken by Rio Tinto Sampling the Kassava Pegmatite Pegmati
Slide 39: Rwanda Trading and Traceability
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Rwanda Trading and Traceability Providing Assurance and Confidence of Material Sources to Down-stream Buyers Rwanda subsidiary, Eastinco Ltd, granted membership to the ITSCI programme International Tin Supply Chain Initiative (ITSCI) is a programm
Slide 40: Corporate Structure
CORPORATE MOROCCO RWANDA BOTSWANA SUMMARY APPENDICES Corporate Structure ATERIAN PLC 100% Eastinco ME Ltd (UK) (UK) 100% 100% 100% Aterian Resources Ltd Strat Co Ltd Eastinco Ltd (UK) (Isle of Man) (Rwanda) 50% 90% 100% Metal Trading Division Atlantic Minerals Ltd 50% Atlantis Metals (Pty) Ltd (Rwan