Beowulf Mining Plc · LSE:BEM
Beowulf Mining — Investor Presentation (November 2020)
24 slides from Beowulf Mining's investor presentation, Nov 24, 2020
Slide 1: Beowulf Mining plc Aktieportföljen LIVE Presentation
BEOWULF MINING plc Aktieportföljen LIVE Presentation - 24 November 2020 BASE METALS GRAPHITE IRON ORE GOLD & 0
Slide 2: Disclaimer
Disclaimer The information contained in this confidential document (“Presentation”) has been prepared by Beowulf Mining Plc (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. This Presentation has not been approved by an authorised pe
Slide 3: Capital Raising – SDR Rights Issue
Capital Raising – SDR Rights Issue - Closes 4 December • Open offer of up to 225,841,752 new Ordinary Shares to Qualifying Shareholders at 3.16 pence per Share (the "Offer Price") on a pre-emptive basis to raise up to approximately £7.3 million (gross) (the "Open Offer") • Qualifying SDR Holders in
Slide 4: Company Overview
Company Overview Diversified by commodity and geography Focused on becoming a regional supplier of metals in demand Country Business Commodity Sweden Jokkmokk Iron Mines - Kallak Iron ore Finland Fennoscandian Resources Graphite Kosovo Vardar Minerals Gold and Base Metals Shareholders 32% 68% Beowul
Slide 5: Current Positioning and Outlook
Current Positioning and Outlook Playing our part in a Nordic and European ‘Green Transition’ KALLAK FENNOSCANDIAN VARDAR Potential iron ore resource of up Developing a resource/production Exploration in the highly to 250 million tonnes, with the base of natural flake graphite prospective Tethyan Bel
Slide 6: 100 per cent owned subsidiary of Beowulf Mining plc
100 per cent owned subsidiary of Beowulf Mining plc 5
Slide 7: Kallak Iron Ore Project
Kallak Iron Ore Project Excellent location • 40 km west of Jokkmokk, Norrbotten County, Northern Sweden • 80 km southwest of the Malmberget mine • 120 km southwest of Kiruna iron ore complex Renewable Power • Major hydroelectric power station, with associated electric power-lines, is located only a
Slide 8: Kallak – Project Details
Kallak – Project Details Major investment • > SEK 80 million invested since 2006 Total Indicated and Inferred Resource > 150 Mt Kallak North Large scale resource • • Exploration Target 90-100 Mt at 22-30 per cent Fe • Further exploration potential to the south - Parkijaure nr 6 licence Kallak North
Slide 9: Timeline from award of the Concession
Timeline from award of the Concession within 12 months Complete scoping study, in parallel Pre-Feasibility, Feasibility plan for Pre- feasibility and Environmental Permitting 2022-2023 Production Environmental Permitting Today The future 2024-2025 Construction Fossil-free steel making in Sweden – po
Slide 10: 100 per cent owned subsidiary of Beowulf Mining plc
100 per cent owned subsidiary of Beowulf Mining plc 9
Slide 11: Graphite in Finland
Graphite in Finland Demand case • For the next decade graphite will remain the material of choice for anodes in lithium-ion batteries • As the demand for electric vehicle and renewables batteries surges, so too will the demand for graphite Strategic imperative • Natural graphite is included in the ‘
Slide 12: Fennoscandian Resources
Fennoscandian Resources Positioning • The Company is developing a resource/production base of natural flake graphite projects in Finland necessary to supply the feed material for manufacturing the anodes in lithium-ion batteries Capturing value • The Company has completed metallurgical testwork, mar
Slide 13: Aitolampi Graphite Project
Aitolampi Graphite Project Excellent Location • Located in eastern Finland, approximately 13 km north northwest of the town of Heinävesi, and 40 km southwest of the well-established mining town of Outokumpu • Infrastructure in the area is excellent, with road access and good availability of high vol
Slide 14: Plan for 2021
Plan for 2021 Technical studies • Complete a scoping study for Aitolampi • Develop plans for bulk sampling and the establishment of a pilot plant for producing spherical graphite for batteries and other high-value graphite products End markets • Pilot plant production should effectively start the pr
Slide 15: 46.1 per cent owned subsidiary of Beowulf Mining plc
46.1 per cent owned subsidiary of Beowulf Mining plc 14
Slide 16: Vardar Minerals
Vardar Minerals Tethyan Belt • The Tethyan Belt of south-east Europe can be regarded as the region’s chief copper-gold (lead-zinc-silver) province Strategic investment • Beowulf has invested approximately £1.6M and owns 46.1 per cent of Vardar • Vardar has two exploration projects: • Mitrovica: lead
Slide 17: Mitrovica Project
Mitrovica Project Location • Immediately west and northwest of the world-class Wolf Mountain : Pb-Zn-Ag Stan Terg lead-zinc-silver mine Multiple targets • Licence includes numerous base and precious metal soil sampling anomalies, gossans and extensive alteration typical Zijaca 5.2 Mt @ 2.83% Pb, 2.8
Slide 18: Wolf Mountain (zinc-lead-silver)
Wolf Mountain (zinc-lead-silver) 3D view illustrating modelled mineralised contact from mapping and drilling Drillhole (black text) and trenching (blue text) assay results are highlighted • Mapping, trenching and drilling confirm extensive lead-zinc-silver mineralisation over an area 800 m x 400 m •
Slide 19: Wolf Mountain (zinc-lead-silver)
Wolf Mountain (zinc-lead-silver) 18
Slide 20: Majdan Peak (gold)
Majdan Peak (gold) • Extensive gold anomalies associated with mapped advanced argillic alteration • Gold trends supported by multi-element soil sampling anomalies • Scale and size of the anomaly, 1400 m x 700 m, together with coincident multi-element anomalies and extensive hydrothermal alteration,
Slide 21: Majdan Peak (gold)
+ Majdan Peak (gold) gG BEOWULF MINING plc * Anomalous soil (blue) LHS: Selected NS High Au, As, Pb, +-Cu sections through the IP chargeability volume. and rock (black) samples highlighted illustrating the correlation with the shallow portions of chargeable anomalies. Note the large deeper anomaly o
Slide 22: Viti - Metal Creek Porphyry Target
Viti - Metal Creek Porphyry Target • Intense alteration typically associated with porphyry systems identified • Several gossans, hydrothermal breccias and iron-stockworks identified with anomalous copper, gold and zinc A) Outcropping intense argillic alteration and stockwork, Legend B) Altered trach
Slide 23: Value Drivers
Value Drivers KALLAK FENNOSCANDIAN VARDAR Near-term: Near-term: Near-term: Exploitation Concession – Focus is on building a Geophysics programme results ‘forthcoming decision’ – potential resource/production base, becoming available for Mitrovica re-rating event. Continue to positioning Company as s
Slide 24: Kurt Budge, Chief Executive Officer
Kurt Budge Chief Executive Officer [email protected] https://beowulfmining.com/
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