For personal use only 2020 Half Year Results
Cautionary Statements Person as defined by the JORC Code (2012). Mr Hastings consents to This document has been prepared by Mineral Commodities Ltd (“MRC” or “the Nothing in these materials shall under any circumstances create an implication Company”) and comprises written materials/slides for a presentation concerning that there has been no change in the affairs of MRC since the date of this inclusion in the presentation of the matters based on this information in MRC. This is not a prospectus, disclosure document or offering document. presentation. the form and context in which it appears. For personal use only This document is for information purposes only and does not constitute or form The information, if any, in this presentation which relates to Exploration Results, The information, if any, in this presentation which relates to Exploration part of any offer or invitation to acquire, sell or otherwise dispose of, or issue, or Mineral Resources or Ore Reserves for Tormin is based on information Results, Mineral Resources or Ore Reserves for Xolobeni is based on any solicitation of any offer to sell or otherwise dispose of, purchase or subscribe information compiled by Mr Allen Maynard, who is a member of the AIG, compiled by Mr Bahman Rashidi, who is a member of the Australian Institute of for, any securities, nor does it constitute investment advice, nor shall it or any a corporate member of the AusIMM and independent consultant to the Mining and Metallurgy (“AusIMM”) and the Australian Institute of Geoscientists part of it nor the fact of its distribution form the basis of, or be relied on in Company. Mr Maynard is the Director and Principal Geologist of (“AIG”). Mr Rashidi is Exploration Manager and a full-time employee of the connection with, any contract or investment decision. Al Maynard & Associates Pty Ltd and has over 38 years of exploration Company and has over 22 years of exploration and mining experience in a and mining experience in a variety of mineral deposit styles. Mr Maynard variety of mineral deposits and styles. Mr Rashidi has sufficient experience has sufficient experience which is relevant to the style of mineralisation Certain statements in this presentation are forward-looking statements. You can which is relevant to the style of mineralisation and types of deposit under and type of deposit under consideration and to the activity which he is identify these statements by the fact that they use words such as “anticipate”, consideration and to the activity he is undertaking to qualify as a Competent undertaking to qualify as a Competent Person as defined in the 2004 “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “target”, “may”, Person in accordance with the 2012 Edition of the Australasian Code for Edition of the Australasian Code for reporting of Exploration Results, “assume” and words of similar import. These forward-looking statements speak Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Exploration Targets, Mineral Resources and Ore Reserves (“JORC Code only as at the date of this presentation. These statements are based on current Code (2012)”). The information from Mr Bahman Rashidi was prepared under (2004)”). This information was prepared and first disclosed under the expectations and beliefs and, by their nature, are subject to a number of known the JORC Code (2012). Mr Rashidi consents to inclusion in the presentation of JORC Code (2004). It has not been updated to comply with the JORC and unknown risks and uncertainties that could cause the actual results, the matters based on this information in the form and context in which it Code (2012) on the basis that the information has not materially changed performances and achievements to differ materially from any expected future appears since it was last reported. Mr Maynard consents to inclusion in the results, performance or achievements expressed or implied by such forward- presentation of the matters based on this information in the form and looking statements. No representation, warranty or assurance (express or The information, if any, in this presentation which relates to Mineral Resources context in which it appears. implied) is given or made by MRC that the forward looking statements contained for Munglinup is based on information compiled by Mr Chris De Vitry who is a in this presentation are accurate, complete, reliable or adequate or that they will member of the AusIMM and an independent consultant to the Company. Mr De The information if any in this presentation which relates to Skaland be achieved or prove to be correct. Except for any statutory liability which cannot Vitry is the Director and Principal Geologist of Manna Hill GeoConsulting Pty Ltd Mineral Resources is based on information compiled by Mr Ché Osmond, be excluded, each of MRC, its related companies and the respective officers, and has sufficient experience which is relevant to the style of mineralisation and who is a Chartered Geologist (CGeol) of Geological Society of London employees and advisers expressly disclaim any responsibility for the accuracy or type of deposit under consideration and to the activity he is undertaking to completeness of the forward looking statements and exclude all liability qualify as a Competent Person as defined by the JORC Code (2012). The and Fellow of the Geological Society (FGS) a Recognised Professional whatsoever (including negligence) for any director in direct loss or damage information from Mr De Vitry was prepared under the JORC Code (2012). Organisation (RPO). Mr Osmond is Technical Director of Wardell which may be suffered by any person as a consequence of any information in Mr De Vitry consents to inclusion in the presentation of the matters based on Armstrong International, and an independent consultant to the Company. this presentation or any error or omission there from. this information in the form and context in which it appears. Mr Osmond has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity Subject to any continuing obligation under applicable laws or any relevant being undertaken to qualify as a Competent Person as defined by the The information, if any, in this presentation which relates to the Ore Reserve for listing rules of the ASX, MRC disclaims any obligation or undertaking to JORC Code (2012). Mr Osmond consents to inclusion in the presentation Munglinup is based on information compiled by Mr Daniel Hastings, who is a disseminate any updates or revisions to any forward-looking statements in these of the matters based on this information in the form and context in which Member of the AusIMM. Mr Hastings is an employee of Hastings Bell Pty Ltd materials to reflect any change in expectations in relation to any forward looking it appears. and a consultant to the Company. Mr Hastings has sufficient experience relevant statements or any change in events, conditions or circumstances on which to the type of deposit under consideration to qualify as a Competent any statement is based. 2
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MINERAL COMMODITIES GLOBAL OVERVIEW For personal use only “ With the acquisition of Skaland, MRC now operates two Skaland production centres, Flake Graphite Tormin and Skaland, Production – 10ktpa Flake Graphite while advancing Concentrate development at Skaland MRE: 1.78Mt @ 22% TGC Munglinup and Tormin progressing ongoing downstream graphite Mineral Sands Production - 2.6Mtpa Processing studies from Perth ” facility producing: garnet, ilmenite, zircon and rutile concentrates Munglinup Graphite Development Ore Reserve (Probable) of 4.24Mt at Xolobeni 12.8% TGC supporting mine life of Mineral Sands Development - 14 years with anticipated production JORC Compliant Resource of ~52ktpa of >95% purity graphite Perth 346Mt @ 5% THM concentrate. Mineralisation open in all directions Corporate Headquarters 4 4 4
GROUP SAFETY PERFORMANCE For personal use only HY20 HY19 0 0 Three month rolling Total Recordable Injury Frequency Rate at half year end 1.9 million working hours since last Lost Time Injury incident across both operations 5 5
FINANCIAL PERFORMANCE Half Year Highlights For personal use only 30-June-20 30-June-19 Variance US$’000 US$’000 % Revenue 17,307 30,441 -43% Adjusted EBITDA 9,405 10,899 -14% Profit before income 6,760 8,451 -20% tax Profit for the period 5,619 6,987 -20% Diluted earnings per 1.33 1.64 -19% share Operating Cashflow -2,784 9,966 -128% Cash 5,739 15,782 -64% Net Assets 47,133 46,840 1% The Revenue, EBITDA and NPBT results, in comparison to the prior half- year, reflect the decrease of bulk ilmenite sales due to the global impact of Presented By: 6 the COVID-19 pandemic on customers. 6
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