EPANKO GRAPHITE PROJECT ASX:KNL FSE:FMK
D I S C L A I M E R Securities Disclaimer This presentation is for informational purposes only and does not constitute an offer to sell, or solicit to purchase, any securities. Such offer can be made only through proper subscription documentation and only to investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. Forward looking Statements Various statements in this presentation constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward looking statements will be achieved. Competent Person The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Spinks, who is a Member of The Australasian Institute of Mining and Metallurgy included in a list promulgated by the ASX from time to time. Andrew Spinks is a director of Kibaran Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” . Andrew Spinks consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to Mineral Resources is based on information compiled by Mr David Williams, a Competent Person, who is a Member of The Australasian Institute of Mining and Metallurgy. David Williams is employed by CSA Global Pty Ltd, an independent consulting company. Mr Williams has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” . David Williams consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to the Ore Reserve has been compiled by Mr Steve O'Grady. Mr O'Grady, who is a Member of the Australasian Institute of Mining and Metallurgy, is a full time employee of Intermine Engineering and produced the Mining Reserve estimate based on data and geological information supplied by Mr Williams. Mr O'Grady has sufficient experience that is relevant to the estimation, assessment, evaluation and economic extraction of Ore Reserve that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr O'Grady consents to the inclusion in this report of the matters based on his information in the form and context that the information appears. 2
L A T E S T N E W S - G E R M A N Y V I S I O N ELECTRIC VEHICLES – 23 MAY 2017 Daimler announces acceleration of electric car plans by 3 years, will spend $11 billion on 10 models by 2022 3
G R A P H I T E F O R L I T H I U M I O N B A T T E R I E S A B O U T G R A P H I T E A N D F U T U R E D E M A N D GRAPHITE : An industrial mineral with unique physical and chemical properties which includes superior thermal and electrical conductivity Major Raw Material for Battery Technologies Lithium-Ion Battery Electric Vehicle (‘EV’) Solar Panels to Energy Storage Systems (‘ESS’) 4
O U R V I S I O N O U R V I S I O N “To become a major producer of high-value, premium quality large flake graphite in Tanzania as a long-term stable supplier of graphite for the high growth battery market” 5
O V E R V I E W – T H E C A S E F O R K I B A R A N Debt Financing requires Bankable Feasibility Study completed Epanko is to the highest technical and financial standards complies with positioned as one stringent IFC Equator Principles for Social & Environmental of the most Upgraded BFS expanded production case to 60ktpa advanced graphite projects globally Comprehensive announcement expected Q2 Robust Offtake and sales agreements secured with blue-chip European marketing and Japanese Groups strategy Strategy matches the “reality” of prevailing graphite markets 6
O V E R V I E W – T H E C A S E F O R K I B A R A N Debt Financing requires Bankable Feasibility Study completed Epanko is to the highest technical and financial standards complies with positioned as one stringent IFC Equator Principles for Social & Environmental of the most Upgraded BFS expanded production case to 60ktpa advanced graphite projects globally Comprehensive announcement expected Q2 Robust Offtake and sales agreements secured with blue-chip European marketing and Japanese Groups strategy Strategy matches the “reality” of prevailing graphite markets Growth Battery Grade Feasibility Study underway opportunities to Project economics do not include product sales into the high enhance project growth lithium-ion battery markets returns 7
B I N D I N G O F F T A K E A N D S A L E S A G R E E M E N T E R I G H T O F F T A K E P A R T N E R S F O R D E V E L O P M E N T I N G R O W I N G M A R K E T S 8
F U N D I N G S T R A T E G Y - S U P P O R T I V E P A R T N E R S Specialist financier for the German and European export industry German Government loan guarantee Epanko (Large Flake) Africa’s largest investment bank 9
S U P P O R T E D B Y E X I S T I N G I N F R A S T R U C T U R E 10
K I L O M B E R O B R I D G E C O M P L E T E D Kilombero Bridge 2017 Kilombero Bridge 2016 11
J O R C C O M P L I A N T - M I N E R A L R E S O U R C E MINERAL RESOURCE 30.7 MILLION TONNES AT 9.9% TGC FOR 3 MILLION TONNES GRAPHITE JORC Tonnage Contained Classification (Mt) Graphite (t) Measured 7.5 738,900 Indicated 12.8 1,280,000 Inferred 10.4 1,030,600 Total 30.7 3,049,500 ASX announcement 31 st MARCH 2017 A SUBSTANTIAL AMOUNT OF GRAPHITE MINERALISATION EXISTS WITHIN THE REPORTED MINERAL RESOURCE AT LOWER TGC CUT-OFF GRADE AT 5% TGC. THERE ARE 113.3MT AT 7.2 %TGC FOR 8.1MT OF CONTAINED GRAPHITE. 12
V T E M - E N O R M O U S C O N D U C T I V E B O D Y DRILLED AREAS EXTENSIONS TO EAST ZONE 13
W E S T E R N Z O N E 14
S I M P L E M I N E R A L O G Y - C H E E T A H T E X T U R E S 15
S I M P L E & L O W C O S T P R O C E S S High level of independent testwork to support BFS including pilot scale and 200t bulk sample testwork 16
B O T H G R A D E & F L A K E S I Z E A L L O W E P A N K O T O S E L L I N T O A L L M A R K E T S E P A N K O H A S T H E F L E X I B I L I T Y T O A C C E S S H I G H V A L U E S Epanko has both grade and flake size distribution 14% 12% Balama In-situ resource grade (%TGC) (SYR.ASX) Montepuez Epanko 10% (BAT.ASX) (KNL.ASX) Mahenge 8% Duwi (BKT.ASX) (SVM.ASX) 6% 4% Namangale Nachu (VRC.ASX) (MNS.ASX) 2% 0% 0% 20% 40% 60% 80% 100% Large flake (>150 microns) product (% total prod) Bubble size = Average annual production target (ktpa graphite concentrate) 17 Source: Company exchange releases
M A R K E T I N G S T R A T E G Y O U T S I D E O F C H I N A A N Europe is the largest refractory market Japan and Korea is the largest battery graphite market USA an emerging market 18
G L O B A L D E M A N D F O R F L A K E G R A P H I T E R I G H T O F F T A K E P A R T N E R S F O R D E V E L O P M E N T I N G R O W I N G M A R K E T S Epanko production matched to demand and targeting growth markets REGION North South END-USE Asia Europe Others TOTAL America America Refractories 225 46 15 30 8 324 Foundries 28 20 15 12 4 79 Batteries 57 4 5 4 1 71 Friction 10 5 3 1 1 20 Lubricants 10 3 2 1 1 17 Expandable 36 14 14 20 5 81 and Others Total (kt)* 366 92 54 68 20 600 19
G L O B A L D E M A N D F O R F L A K E G R A P H I T E R I G H T O F F T A K E P A R T N E R S F O R D E V E L O P M E N T I N G R O W I N G M A R K E T S Epanko production matched to demand and targeting growth markets REGION North South END-USE Asia Europe Others TOTAL America America Refractories 225 46 15 30 8 324 Foundries 28 20 15 12 4 79 Batteries 57 4 5 4 1 71 Friction 10 5 3 1 1 20 Lubricants 10 3 2 1 1 17 Expandable 36 14 14 20 5 81 and Others Total (kt)* 366 92 54 68 20 600 20
B A T T E R Y G R A D E G R A P H I T E – F E A S I B I L I T Y S P H E R I C A L G R A P H I T E D E V E L O P M E N T Production of Battery graphite for anode battery market can add significant value Feasibility study commenced by GR Engineering with results expected Q2-2017 Discussions underway for distribution of by-product from spherical graphite production 21
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