Boab Metals Ltd · ASX:BML
Boab Metals — Pacifico Minerals — Investor Presentation (September 2019)
25 slides from Boab Metals's investor presentation, September 2019
Slide 1: Advancing a Large Near-Surface Lead-Silver-Zinc Deposit in Western Australia
For personal use only ASX:PMY ADVANCING A LARGE NEAR-SURFACE LEAD-SILVER-ZINC DEPOSIT IN WESTERN AUSTRALIA INVESTOR PRESENTATION SEPTEMBER 2019
Slide 2: Disclaimer
DISCLAIMER ASX:PMY For personal use only Forward-Looking Statements Certain statements in the presentation are or may be “forward-looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT AS AT 24 SEPTEMBER ASX:PMY For personal use only CAPITAL STRUCTURE SIGNIFICANT SHAREHOLDERS SHARES ON ISSUE (BN, UNDILUTED) 2.9 HOLDER HELD OWNERSHIP MARKET CAP (A$M, AT A$0.01) 29 1. VILLIERS QUEENSLAND PL* 344,085,874 11.91% CASH (A$M) 5.3 2. ZERO NOMINEES PL 258,055,555 8.94% E
Slide 4: Board and Management Team
BOARD AND MANAGEMENT TEAM ASX:PMY For personal use only RICHARD MONTI SIMON NOON PETER HAROLD ANDREW PARKER AARON KING CHAIRMAN MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR PROJECT MANAGER Geologist with over 30 Appointed Managing Director at Process Engineer with over Lawyer with
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS ASX:PMY For personal use only Pacifico is developing a large near- Significantly de-risked with EPA surface and flat lying lead-silver-zinc approval for Open Pit operation on deposit in WA. pre-native title mining licenses. Outstanding infrastructure – project Simple metallurgy
Slide 6: Location and Infrastructure
LOCATION AND INFRASTRUCTURE ASX:PMY For personal use only • Located ~50km north-east from the regional centre of Kununurra. • Existing sealed road to transport concentrate from site to the facilities at Wyndham Port, 150km away. • Established infrastructure allows for fast tracked production. Image:
Slide 7: Key Government Approvals Secured
KEY GOVERNMENT APPROVALS SECURED ASX:PMY For personal use only “The WA Environmental Protection Authority (EPA) considers that…the Project can be managed in a manner that…avoids significant or unacceptable environmental impacts and risks.” Assessment completed for the development of a lead-silver-zi
Slide 8: Pre-Feasibility Study Highlights
PRE-FEASIBILITY STUDY HIGHLIGHTS ASX:PMY For personal use only “Project significantly de-risked with Pre-Feasibility Study confirming highly robust financials.” MINING AND PROCESSING Initial Mine Life (Years) 8 8 Year Initial Mine Life Mining Rate (Mtpa) 1 PRODUCTION 1 Mtpa Mining Rate LOM Lead Meta
Slide 9: A$ Lead and Silver Price Looking Good
A$ LEAD AND SILVER PRICE LOOKING GOOD ASX:PMY For personal use only $30 $5,000 Silver +22% $25 $4,500 $20 $4,000 Silver Price A$/oz) Lead Price (A$/t) Updated PFS 26 Mar 2019 $15 $3,500 Lead +13% $10 $3,000 $5 $2,500 A$ Ag A$ Pb $0 $2,000 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Source: Terr
Slide 10: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE ASX:PMY For personal use only Global Resource to 29.98Mt of 4.7%Pb equivalent including 10.85Mt of 5.0%Pb equivalent in Indicated Resources1 “From 20 metres below surface and open in all directions.” JORC MINERAL RESOURCE ESTIMATE AT A 1.0% LEAD CUT-OFF GRADE1 RESOURCE CLAS
Slide 11: Open Pit Mining
OPEN PIT MINING ASX:PMY For personal use only • Initial production from 3 open pits over initial 8 year mine life. • Only Indicated Resources used in current mining schedule. • Mine life expected to increase as Inferred converted to Indicated Resources through infill drilling. • Flat topography and
Slide 12: Metallurgy and Processing
METALLURGY AND PROCESSING ASX:PMY For personal use only “Excellent recoveries and high quality concentrate with simple processing.” • Recent metallurgical testwork confirmed rougher flotation testing with sulphidisation up to 96% Pb and 95% Ag recovery on Fresh composites. • Cleaner flotation testwo
Slide 13: Geology
GEOLOGY ASX:PMY For personal use only • MVT style deposits formed in lower Carboniferous (Tournaisian) carbonates within the Burt Range Formation on the eastern flank of the Pincombe Range. • Mineralisation occurs as a sediment replacement style deposit at the contact between an upper siltstone (Kno
Slide 14: Pacifico's Drilling Highlights
PACIFICO’S DRILLING HIGHLIGHTS ASX:PMY For personal use only “Results have confirmed that C, DE, and F deposits are linked and can be referred to as a single deposit (CDEF) at a strike length of 1.7km and may be minable with a single open cut.” Significant drill intercepts^ from Phase I drilling inc
Slide 15: Exploration Upside
EXPLORATION UPSIDE For personal use only • Compilation and further assessment of historical drill hole information has provided greater confidence in the geological and mineralisation model. • The Sorby Hills MRE has excellent potential to grow as extensions and targets outside of the main defined d
Slide 16: Key Milestones and Newsflow
KEY MILESTONES AND NEWSFLOW ASX:PMY For personal use only “Outstanding progress made since Project acquisition. On track for DFS in 2020.” Phase II Phase III Mineral Phase I Optimised PFS Project Significant PFS Review & 6,000m 3,000m RC Resource 5,500m & Ore Reserve Acquisition MRE Uplift Update Dr
Slide 17: Contact Us
For personal use only CONTACT US Level 10, 105 St Georges Tce, Perth WA 6000 61 8 6268 0449 [email protected] ASX:PMY www.pacificominerals.com.au
Slide 18: Appendices
For personal use only APPENDICES ASX:PMY
Slide 19: Capital Investment and Operating Costs
CAPITAL INVESTMENT AND OPERATING COSTS ASX:PMY For personal use only PRE-PRODUCTION CAPITAL EXPENDITURE (A$M) OPERATING COST ESTIMATES On-Site Capital Expenditure 52 A$/lb US$/lb MINING 0.31 0.22 EPCM 8 PROCESSING 0.11 0.07 OWNER’S PROJECT COSTS 10 TCRCs AND OUTBOUND LOGISTICS 0.16 0.11 MINING (INC.
Slide 20: Sorby Hills MRE at Selected Cut Off Grades
SORBY HILLS MRE AT SELECTED CUT OFF GRADES For personal use only JORC Category Cut off Pb % Tonnes Grade Pb % Grade Ag g/t Contained Pb (Kt) Contained Ag (Moz) 0.75 11,396,044 3.76 45 429.0 16.39 1.0 10,848,898 3.91 46 424.3 16.10 Indicated 1.5 9,771,410 4.20 49 410.8 15.35 2.5 6,948,729 5.11 58 354
Slide 21: Calculation of Pb Equivalent Grades
CALCULATION OF PB EQUIVALENT GRADES For personal use only The contained metal equivalence formula is made on the following assumptions based on historical metallurgical work included in a Pre-Feasibility Study (ASX: PMY Announcement 26 March 2019) and modified by more recent metallurgical testwork r
Slide 22: Lead Market Opportunity – Demand by Application
LEAD MARKET OPPORTUNITY – DEMAND BY APPLICATION ASX:PMY For personal use only • Largest sector of lead demand is automotive (AV) batteries, accounting for more than 86% of refined lead (of which 64% LEAD CONSUMPTION BY SECTOR is used in replacement batteries)1. • Wood Mackenzie therefore expects aut
Slide 23: Lead and Clean Energy
LEAD AND CLEAN ENERGY ASX:PMY For personal use only “Advanced lead batteries support the clean energy transition.” • Lead batteries currently provide 75% of worldwide rechargeable energy storage and start-stop functionality for all passenger cars, including EV’s. • Lead batteries are a key element i
Slide 24: Lead Supply and Demand Balance
LEAD SUPPLY AND DEMAND BALANCE ASX:PMY For personal use only BASE CASE MINED LEAD PRODUCTION VS. DEMAND3 • Short-term refined lead stocks are close to record lows. • Global lead demand is forecast to rise by 1.2% to 11.87 million tonnes in 20191 due to increased usage in India, Japan, and the Republ
Slide 25: Non-Core Assets
NON-CORE ASSETS ASX:PMY For personal use only “Exploring opportunities to sell or establish Joint Ventures for our non-core assets to realise shareholder value.” BORROLOOLA WEST JOINT VENTURE (NORTHERN TERRITORY) • Joint Venture Project in the McArthur Basin with Sandfire Resources NL (PMY 51%, SFR
Pacifico Minerals — Investor Presentation (September 2019) on 6ix