POSITIONED FOR EXCEPTIONAL GROWTH POSITIONED FOR EXCEPTIONAL GROWTH YANDEYARRA LITHIUM YANDEYARRA LITHIUM DEPOSITS DEPOSITS
MRC Exploration Australia Pty Ltd MRC Exploration Australia Pty Ltd YANDEYARRA LITHIUM PROJECT YANDEYARRA LITHIUM PROJECT Indigenous equity participation Mineral Commodities Ltd Mineral Commodities Ltd (ASX : MRC) (ASX : MRC) Head Office Head Office MRC Graphite Pty Ltd MRC Graphite Pty Ltd Welshpool WA Operating Mine Operating Mine GRAPHITE PROJECT GRAPHITE PROJECT 51% Ownership of Munglinup Graphite MSR Tormin South Africa Project under Joint Venture Agreement SHARES ON ISSUE SHARES ON ISSUE 421,091,571 PERFORMANCE RIGHTS PERFORMANCE RIGHTS 3,800,000 MARKET CAPITALISATION MARKET CAPITALISATION A$67m @ A$0.16cps CASH BALANCE ASH BALANCE Transworld Energy & Minerals Transworld Energy & Minerals Mineral Sands Resources (Pty) Ltd Mineral Sands Resources (Pty) Ltd US$14.8M @ 30 Sept 2018 Resources (SA) (Pty) Resources (SA) (Pty) Ltd Ltd 26% B-BBEE Ownership of 50% B-BBEE Ownership of Tormin BORROWINGS BORROWINGS Mineral Sands Operation Xolobeni Mineral Sands Project US$2.5M @ 30 Sept 2018 2
MANAGEMENT TEAM MANAGEMENT TEAM MARK CARUSO MARK CARUSO TONY SHEARD TONY SHEARD SURINDER GHAG SURINDER GHAG EXECUTIVE CHAIRMAN/ CFO TECHNICAL SERVICES MANAGER CHIEF EXECUTIVE OFFICER 33 years ’ mining & 21 years ’ mining experience 37 years ’ mining experience engineering experience Atlas Iron | Nautilus Minerals | Ok Tedi Allied Gold | FMG Iluka | WMC Resources Consolidated Rutile Limited ROSS HASTINGS ROSS HASTINGS A PROVEN TECHNICAL AND A PROVEN TECHNICAL AND NON-EXECUTIVE DIRECTOR SAIT UYSAL SAIT UYSAL MANAGEMENT TEAM THAT HAS MANAGEMENT TEAM THAT HAS GEOLOGIST MARKETING MANAGER 44 years ’ mining experience SUCCESSFULLY DELIVERED SUCCESSFULLY DELIVERED 12 years ’ mining experience BHP | Allied Gold | Placer Pacific Syrah Resources Nord Resources PROJECTS ON TIME AND ON PROJECTS ON TIME AND ON Black Mountain Minerals Holding BUDGET BUDGET PETER TORRE PETER TORRE DANIEL HASTINGS DANIEL HASTINGS FLETCHER HANCOCK FLETCHER HANCOCK NON-EXECUTIVE DIRECTOR/ BUSINESS DEVELOPMENT LEGAL COUNSEL COMPANY SECRETARY 19 years ’ mining experience 12 years ’ legal advisory & 23 years ’ corporate, governance & Ok Tedi | Newcrest | Equinox mining experience mining experience Allied Gold | Silver Standard Ashurst | Hancock Prospecting Pty Ltd Allied Gold | Aditya Birla Minerals 3
AUSTRALIA | EXPLORATION AUSTRALIA | EXPLORATION WA EXPLORATION WA EXPLORATION PROJECT PROJECT INVESTMENTS INVESTMENTS 6 granted and 2 pending ● applications made over 5 areas YANDEYARRA YANDEYARRA prospective for lithium Lithium ● pegmatites, channel iron ore Granted E47/3884, ● and copper-gold E47/3885 & E45/51 09 Option to purchase 1 00% of the ● Applications E47/391 6 ● Triple Eight vanadium deposit GERALDTON GERALDTON near Collie Lithium ● Option to acquire up to 90% of ● Granted E59/2325, ● Doolgunna copper-gold E59/2326 prospect GLEN FLORRIE GLEN FLORRIE Known brownfields mining areas ● Channel Iron Ore ● Established road, rail and gas ● Application E08/2963 ● infrastructure DOOLGUNNA / CAVE HILL DOOLGUNNA / CAVE HILL Budgeted Capital Expenditure ● Copper/Gold ● 201 8 US$1 .0m Granted E51 /1 766 (1 ) / ● Strategic commodity ● Application E51 /1 867 diversification TRIPLE EIGHT HARVEY TRIPLE EIGHT HARVEY 1 ,500m of RC drilling recently ● Vanadium/titanomagnetite ● completed at Doolgunna Granted M70/888 (1 ) ● targeting high grade gold. (1) Transfer of tenement in process Results pending
SOCIALLY AND ENVIRONMENTALLY RESPONSIBLE SOCIALLY AND ENVIRONMENTALLY RESPONSIBLE COMMUNITY COMMUNITY TRADITIONAL OWNERSHIP TRADITIONAL OWNERSHIP ENVIRONMENT ENVIRONMENT MRCembraces through its operations: MRCcommitted to Local Community: MRC acknowledges: 1. World best practice environmental Social upliftment through contribution Traditional Land Ownership standards to infrastructure and academic funding Economic empowerment through 2. Track record of compliance with Economic upliftment through business equity environmental authorisation development/integration programs Partcipation/engagement in mine obligations development and operation 5
YANDEYARRA LITHIUM PROSPECT YANDEYARRA LITHIUM PROSPECT 7
OPPORTUNITY FOR OPPORTUNITY FOR THE KARIYARRA THE KARIYARRA PEOPLE PEOPLE ➢ Joint venture equity participation ➢ Ownership of the project interest ➢ Control and influence concerning community development programs ➢ Point of contact - Yandeyarra Community and/or Yamatji Marlpa Aboriginal Corporation 8
TENEMENTS TENEMENTS MRC Exploration Australia Pty Ltd has applied for 4 exploration licences: E47/3884 E47/3885 E47/391 6 E45/51 09 The tenement areas are highlighted in yellow on the plan to the right 9
PROCESS PROCESS PHASE ONE PHASE ONE – 1 months 1 months Negotiate Traditional Landowners Negotiate Traditional Landowners ’ Equity Equity Negotiate Heritage Agreement Heritage surveys Mapping PHASE TWO PHASE TWO – 3 months 3 months Drilling Drilling Define size and grade of deposits Kariyarra observers and surveys as required PHASE THREE PHASE THREE – 6 months 6 months Feasibility study Feasibility study Resource determination Community engagement PHASE FOUR PHASE FOUR – 3 months 3 months Mining Proposal 10
PROPOSAL PROPOSAL – TRADITIONAL LANDOWNER EQUITY TRADITIONAL LANDOWNER EQUITY YANDEYARRA LITHIUM YANDEYARRA LITHIUM PROJECT SPV PROJECT SPV 100% 100% MRC EXPLORATION MRC EXPLORATION TRADITIONAL TRADITIONAL AUSTRALIA AUSTRALIA PTY PTY LTD LTD LANDOWNERS LANDOWNERS 75% 75 25 25% % Equity issued to TO trust upon decision to Responsible for funding Project through to mine decision to mine Equity is funded out of future project Responsible for Social Labour Upliftment cashflows Programs and training of TOs Immediate royalties from commencement of production and dividends to flow upon commencement of profitable operations Preferential procurement, employment and service entitlements 11
MAKING HISTORY TOGETHER TOGETHER TRADITIONAL OWNERSHIP TRADITIONAL OWNERSHIP THE FUTURE OF AUSTRALIAN INDIGENOUS MINING THE FUTURE OF AUSTRALIAN INDIGENOUS MINING EMPOWERMENT & EMPOWERMENT & SKILLS & VALUE SKILLS & VALUE ENTITLEMENT ENTITLEMENT TRANSFER TRANSFER ● Capacity and Qualifications ● Traditional employment ● Visibility ● Local spending ● Self-esteem ● Building a partnership 9
Tormin Mineral Sands Operation South Africa South Africa
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