POSITIONED FOR EXCEPTIONAL GROWTH MINERAL COMMODITIES LTD INVESTOR PRESENTATION SEPTEMBER 2018 ASX: MRC | www.mineralcommodities.com
DISCLAIMER AND COMPETENT PERSON STATEMENT disseminate any updates or revisions to any forward looking statements in The information from Mr du Toit was prepared under the JORC Code This document has been prepared by Mineral Commodities Ltd (MRC or these materials to reflect any change in expectations in relation to any (2012). Mr du Toit consents to inclusion in the report of the matters the Company) and comprises written materials / slides for a presentation based on this information in the form and context in which it appears. forward looking statements or any change in events, conditions or concerning MRC. This is not a prospectus, disclosure document or circumstances on which any statement is based. Nothing in these The information in this presentation which relates to Mineral Resources offering document. materials shall under any circumstances create an implication that there has for Munglinup is based on information compiled by Mr Adriaan du Toit This document is for information purposes only and does not constitute or been no change in the affairs of MRC since the date of this presentation. who is a member of the AusIMM and an independent consultant to form part of any offer or invitation to acquire, sell or otherwise dispose of, Gold Terrace Pty Ltd. Mr du Toit is the Director and Principal Geologist The information in this presentation which relates to Exploration Results, or issue, or any solicitation of any offer to sell or otherwise dispose of, of AEMCO Pty Ltd and has over 26 years’ exploration and mining Mineral Resources or Ore Reserves for Xolobeni is based on information purchase or subscribe for, any securities, nor does it constitute investment compiled by Mr Allen Maynard, who is a Member of the Australian Institute of experience in a variety of mineral deposits and styles. Mr du Toit has advice, nor shall it or any part of it nor the fact of its distribution form the Geosciences (“AIG”), a Corporate Member of the Australasian Institute of sufficient experience which is relevant to the style of mineralisation and basis of, or be relied on in connection with, any contract or investment type of deposit under consideration and to the activity he is Mining & Metallurgy (“AusIMM”) and independent consultant to the decision. Company. Mr Maynard is the Director and Principal Geologist of Al Maynard undertaking to qualify as a Competent Person as defined by the JORC Certain statements in this presentation are forward looking statements. & Associates Pty Ltd and has over 37 years’ exploration and mining Code (2012). The information from Mr du Toit was prepared under the JORC Code (2012). Mr du Toit consents to inclusion in the report of the You can identify these statements by the fact that they use words such as experience in a variety of mineral deposit styles. Mr Maynard has sufficient experience which is relevant to the style of mineralisation and type of matters based on this information in the form and context in which it “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “target”, “may”, “assume” and words of similar import. These forward deposit under consideration and to the activity which he is undertaking to appears. looking statements speak only as at the date of this presentation. These qualify as a Competent Person as defined in the 2004 Edition of the The information in this presentation which relates to the Ore Reserve Australasian Code for reporting of Exploration Results, Exploration Targets, statements are based on current expectations and beliefs and, by their for Munglinup is based on information compiled by Mr Daniel Hastings, nature, are subject to a number of known and unknown risks and Mineral Resources and Ore Reserves (“JORC Code (2004)”). This who is a Member of the AusIMM. Mr Hastings is an employee of uncertainties that could cause the actual results, performances and information was prepared and first disclosed under the JORC Code (2004). Hastings Bell Pty Ltd and a consultant to the Company. Mr Hastings has achievements to differ materially from any expected future results, It has not been updated since to comply with the 2012 Edition of the sufficient experience relevant to the type of deposit under performance or achievements expressed or implied by such forward Australasian Code for Reporting of Exploration Results, Mineral Resources consideration to qualify as a Competent Person as defined by the looking statements. No representation, warranty or assurance (express or and Ore Reserves (“JORC Code (2012)”) on the basis that the information JORC Code (2012). Mr Hastings consents to the inclusion in the report implied) is given or made by MRC that the forward looking statements has not materially changed since it was last reported. Mr Maynard consents of the matters based on the reviewed information in the form and to inclusion in the report of the matters based on this information in the form contained in this presentation are accurate, complete, reliable or adequate context in which it appears. or that they will be achieved or prove to be correct. Except for any and context in which it appears. The information in this presentation that relates to metallurgy, the statutory liability which cannot be excluded, each of MRC, its related The information in this presentation which relates to Exploration Results, process plant and infrastructure design for Munglinup is based on companies and the respective officers, employees and advisers expressly Mineral Resources or Ore Reserves for Tormin is based on information information compiled and reviewed by Mr David Pass, who is a Member disclaim any responsibility for the accuracy or completeness of the compiled by Mr Adriaan du Toit, who is a Member of the AusIMM and was of the AusIMM. Mr Pass is an employee of Battery Limits Pty Ltd. Mr forward looking statements and exclude all liability whatsoever (including previously an independent consultant to the Company. Mr du Toit is the Pass has sufficient experience relevant to process plant and negligence) for any director in direct loss or damage which may be Director and Principal Geologist of AEMCO Pty Ltd and has over 26 years’ infrastructure design thereof to qualify as a Competent Person as suffered by any person as a consequence of any information in this exploration and mining experience in a variety of mineral deposits and defined by the JORC Code (2012). Mr Pass consents to the inclusion in presentation or any error or omission there from. styles. Mr du Toit has sufficient experience which is relevant to the style of the report of the matters based on the reviewed information in the form Subject to any continuing obligation under applicable law or any relevant mineralisation and type of deposit under consideration and to the activity and context in which it appears. which he is undertaking to qualify as a Competent Person as defined in the listing rules of the ASX, MRC disclaims any obligation or undertaking to JORC Code (2012). 2
OVERVIEW AND RECENT ACHIEVEMENTS Board & Management team - proven history of project delivery on time and on budget ● Diversified - emerging commodity and jurisdictional ● Proven Performance – YoY financial and production improvement ● Dividend – peer leading 6.3% yield* ● Tormin, South Africa – 4 years’ operational history, highest grade mineral sands mine in the world ● Tormin Expansion - near-term expansion development project, potential 10 year mine extension ● Munglinup Graphite Project, Western Australia - defined near-term pathway to development ● Western Australian exploration prospects - portfolio of lithium, gold, copper, iron ore, vanadium ● Business strategy – near-term fully funded from existing cashflow ● * Based on annual dividends of 1.2 Australian cps and closing price of 19.0 Australian cps at close of business 7 September 2018 3
CORPORATE PROFILE SUBSTANTIAL SHAREHOLDERS – Top 20 hold 90.73% ASX : MRC Au Mining Limited 26.7% SHARES ON ISSUE 418,591,571 Zurich Bay Holdings Pty Ltd 18.6% Tormin Holdings Limited 14.8% PERFORMANCE RIGHTS 5,300,000 M&G Investment Management Limited 8.8% MARKET CAPITALISATION Mr & Mrs Anthony C Lowrie 6.6% A$83.7m at A$0.20 (1) BOARD OF DIRECTORS BORROWINGS US$3.0m at 30 June 2018 (2) Mark Caruso Executive Chairman/Chief Executive Officer Joseph Caruso Non-Executive Director CASH BALANCE US$10.2m at 30 June 2018 Peter Torre Non-Executive Director/Company Secretary (+US$10.4m in trade & other receivables) Ross Hastings Non-Executive Director (1) Share price at close of business 6 September 2018 Guy Walker Non-Executive Director (2) Debt to GMA Garnet Group, repayable in equal monthly instalments to June 2020 4 4
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