RESOURCES FOR THE FUTURE - DEVELOPING BATTERY AND CRITICAL MINERALS - IPO PRESENTATION SEPTEMBER 2021 - Squarespace
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IPO PRESENTATION
SEPTEMBER 2021
ASX: ITM
RESOURCES
FOR THE
FUTURE
DEVELOPING BATTERY AND
CRITICAL MINERALS
AFS Licence No: 238168 | Lead Manager & Sponsoring Broker
IMPORTANT NOTICES Disclaimer This document has been prepared by iTech Minerals Limited (ACN 648 219 050) and/or its affiliates (together, “iTech” or the “Company”) for the exclusive use of the party to whom iTech delivers this document (the “Recipient”). The information contained in this document has been prepared in good faith by iTech. However, no representation or warranty, either express or implied, is made as to the accuracy, completeness, adequacy, or reliability of the information contained in this document. This document contains only a synopsis of more detailed information in relation to the matters described herein and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information as presented herein. This document should not be regarded by the Recipient as a substitute for the exercise of its own judgment and the Recipient should conduct its own due diligence in respect of the contents of this document. To the maximum extent permitted by law iTech, its directors, officers, employees, advisers, agents and related bodies corporate (“iTech Minerals”) disclaim any or all liability for any loss or damage which may be suffered by any person as a result of the use of, or reliance upon, anything contained within or omitted from this document (regardless of whether the loss or damage arises in connection with any negligence, default, lack of care or misrepresentation by the iTech Minerals or any other cause in connection with the provision of this document or the purported reliance on this document or the information contained in it). To the extent that any provisions in this Important Notices section may be construed as being a contravention of any law of the State or the Commonwealth, such provisions should be read down, severed or both as the case may require and the remaining provisions shall continue to have full force and effect. This document has been prepared solely for informational purposes. This document does not constitute a prospectus and is not to be construed as a solicitation or an offer to buy or sell any securities, or related financial instruments, in any jurisdiction. The Recipient should not construe the contents of this document as legal, tax, accounting or investment advice or a recommendation. This document does not purport to contain all the information a Recipient would require making an informed decision whether to invest in the Company. Specifically, this document does not purport to contain all the information that investors and their professional advisers would reasonably require to make an informed assessment of the Company’s assets and liabilities, financial position and performance, profits, losses, and prospects. The Recipient must not rely on the information set out in this document and must make its own independent assessment and consult its own legal counsel, tax and financial advisors concerning any matter described herein. This document does not purport to be all-inclusive or to contain all the information that the Recipient may require. No investment, divestment or other financial decisions or actions should be based solely on the information in this document. The distribution of this document may be restricted by law in certain jurisdictions. This document must be treated as strictly confidential and must not be copied, reproduced, distributed, quoted, referred to or distributed to others at any time, in whole or in part, without the prior written consent of iTech. Cautionary Statement Regarding Forward-Looking Information The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. iTech does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including because of using different assumptions and criteria. This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified using words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, “target” and “intend” and statements than an event or result “may”, “will”, “should”, “would”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. For- ward-looking statements are based upon estimates and opinions at the date the statements are made. iTech undertakes no obligation to update these forward-looking statements for events or circumstances that occur after such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income, and performance) are based upon the best judgment of iTech from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the Recipient on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the Recipient’s own risk. iTech Minerals expressly disclaims any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein. Date and Currency This document is dated 16th August 2021 (“Preparation Date”) and is based on the Company’s prospectus dated 16th August 2021 (“Prospectus”) for an offer to acquire fully paid ordinary shares (“Shares”) in the capital of the Company (“Offer”), updated for the results of the Offer. A copy of the Prospectus is available for download at www.itechminerals.com.au or www.asx.com.au. The delivery of this document at any time after the Preparation Date does not imply the information contained in it is correct at any time after the Preparation Date. Delivery of this document does not imply and is not to be relied upon as a representation or warranty that: (i) there has been no change since the Preparation Date in the business, operations, financial condition, prospects, creditworthiness, status, or affairs of the Company or any of the Company’s related bodies corporate or affiliates; or (ii) the information contained in this document remains correct and not misleading at any time after the Preparation Date. The information in this document should be considered dynamic and may change over time. Subject to its obligations at law, iTech has no responsibility or obligation to update this document or inform the recipient of any matter arising or coming to their notice after the Preparation Date which may affect any matter referred to in the document. All dollar values expressed in this document are Australian dollars ($, A$, or AUD). ASX: ITM 12
INVESTMENT HIGHLIGHTS
Resourcing a green and sustainable future
Prime Position Flagship projects are located in South Australia; ~6000
km2 tenements owned 100%, close to major ports and
infrastructure at Whyalla, Lucky Bay and Pt Pirie in a
world class, supportive mineral jurisdiction
Battery and Focussing on the discovery and development of battery
Critical Minerals and critical minerals, key components to a sustainable
electrified future
Halloysite Used in the production of HPA, advanced ceramics and
and Kaolinite nano-technology. Potential for high value projects to be
opporunities developed at low cost
Advanced Assets Granted mining, processing and water supply licences
at the Campoona Graphite Project with a JORC 2012
Mineral Resource of 8.55 Mt @ 9.0% TGC
Demostrated potential to produce spherical graphite for
Li-ion battery anodes and graphene for high technology
applications
Strong Team Experienced company and project developers with
significant experience in SA geology and kaolin
deposits. Alliances with CSIRO and Dorfner Anzaplan to
establish R&D initiatives
Building on Over a decade of high quality exploration and
a rock solid technological development work undertaken by Archer
foundation Materials
The Exploration Properties do not contain any Exploration Targets, Ore Reserves or Mineral Resources, as defined by
the JORC (2012) Code
ASX:
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ITM 23
CORPORATE OVERVIEW
Projects1 Capital Structure2
Halloysite-Kaolinite >4,400 km2, 8 prospects, historical ProForma Capital Structure Minimum Subscription Maximum Subscription
Projects exploration target after the IPO $5.0 million $7.0 million
Graphite Projects >2,100 km2, historical global resource
across 3 deposits, mining licence granted % %
Copper-Gold Projects Epithermal gold, IOCG and Porphyry copper- Founder and Pre-IPO 10,833,334 12.6% 10,833,334 11.3%
gold potential, substantial exploration
Vendor Shares 50,000,000 58.1% 50,000,000 52.0%
database
Polymetallics and Tin- NSW Stanthorpe and Crowie Creek Projects Lead Manager Shares 250,000 0.3% 250,000 0.3%
Tungsten - Cobar Basin style polymetallics, intrusion Shares issued under the Offer3 25,000,000 29.0% 35,000,000 36.4%
related tin-tungsten and gold potential
Total Shares on completion 86,083,334 100.0% 96,083,334 100.0%
Share Distribution6
Founder Options4 3,000,000 3,000,000
12.6%
Implied Market Cap5 $17,216,667 $19,216,667
29.0% Founder and Pre-IPO
Indicated Enterprise Value $12,216,667 $12,216,667
Vendor (AXE7 in-specie) (EV)5
Offer Investors
Notes:
1
See section 4 of the Prospectus
2
See section 3.7 of the Prospectus
3
Archer Shareholders have priority offer to apply for up to $2 million worth or 10,000,000 shares
4
See section 10.4 of the Prospectus (exercisable @ $0.25 with an expiry term of 4 years)
5
Based on Offer Price of $0.20, total number of Shares and estimated cash balance (subject to rounding)
6
Based on analysis of section 3.7 of the Prospectus
58.1% 7
Archer Materials Ltd (ASX: AXE)
Archer Materials
Shareholders (in-specie
distribution)
ASX: ITM 43
BOARD AND MANAGEMENT
Glenn Davis – Non-executive Chairman
LLB, BEc, FAICD
Over 30 years experience as a solicitor in corporate and risk throughout Australia initially
in a national firm and then a firm he founded
Expertise and experience in the execution of large transactions, risk management and in
corporate activity regulated by the Corporations Act and ASX
Currently the non-executive chairman of Beach Energy Ltd Jarek Kopias – Chief Financial
Officer and Company Secretary
BCom, CPA, AGIA, ACG (CS, CGP)
Certified Practising Accountant and
Michael Schwarz – Managing Director Chartered Secretary
BSc (Hons) Geology, FAusIMM, MAIG 25 years’ industry experience in a wide range of financial and secretarial roles
Over 25 years’ senior experience in mineral exploration within the resources industry
Extensive experience both at a senior corporate level and in the hands-on roles of a Worked in numerous financial roles for companies, specialising in the resource
geologist sector – including 5 years at WMC Resources Limited’s Olympic Dam
operations, 5 years at Newmont Mining Corporation - Australia’s corporate
Founding Managing Director of Northern Cobalt (ASX:N27) where he gained valuable office and 5 years at oil and gas producer and explorer, Stuart Petroleum
experience in the battery materials markets. Founding Director and Executive Director Limited (prior to its merger with Senex Energy Limited)
Exploration for Core Exploration Limited (ASX:CXO), Managing Director of Monax
Mining Ltd (ASX:MOX), founding Director of Marmota Energy Ltd (ASX:MEU) He is currently the CFO and Company Secretary of Resolution Minerals Ltd
(ASX: RML) and Company Secretary of Core Lithium Ltd (ASX: CXO) and Iron
Road Ltd (ASX: IRD). Mr Kopias has held similar roles with other ASX entities
in the past and has other business interests with numerous unlisted entities.
Gary Ferris – Non-executive Director
MSc (Geology/Earth Sciences), MAusIMM
More than 30 years’ experience in exploration and management as a founding Managing
Director of InterMet Resources Ltd (ASX: ITT) and Managing Director of Monax Mining
(ASX: MOX)
Has a Master’s degree from the Centre for Ore Deposits and Exploration Studies,
University of Tasmania. He is a member of the Australasian Institute of Mining and
Metallurgy
Managed research projects on the halloysite-kaolinite deposits of the Eyre Peninsula, SA
for the SA Mines Department prior to working in industry
ASX:
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ITM
ITM 45
COMPANY ASSETS
HALLOYSITE-KAOLINTE PROJECTS
PRIMARY
FOCUS
Franklyn and Eyre Peninsula Projects in South Australia
(JORC 2012 Exploration Target of 45-91 Mt @ 30-36% Al2O3)
GRAPHITE
ADVANCED
ASSETS
Eyre Peninsula Project
(JORC 2012 Mineral Resource of 8.55 Mt @ 9.0% TGC)
GOLD COPPER-GOLD
DEVELOPMENT
PROJECT
Nackara Arc Gold Bartels Gold Nackara Arc Cu-Au
Billa Kalina IOCG
Project Project Porphyry
ASX:ITM
ASX: ITM The Exploration Properties do not contain any Exploration Targets, Ore Reserves or Mineral Resources, as defined by the JORC (2012) Code 65
WHY HALLOYSITE-KAOLINITE?
Low Capex - Fast Payback - Ceramics, Paper Coating and Fillers
• Projects which mine kaolin for use in traditional markets such as ceramics, paper
coating and fillers are ammenable to low capex (10’s of millions) and fast payback
periods
• Mining is relatively cheap as kaolin tends to be free dig and close to surface with
little if any pre-strip required
• Some deposits can provide direct shipping ore but most require some degree of
beneficiation
• Being close to transport infrastucture is key as shipping costs can account for up
to half of the product cost
• Kaolin with a significant halloysite component can command a premium price
KAOLINITE PLATES
HALLOYSITE
NANOTUBE (HNT)
67
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ITM
WHY HALLOYSITE-KAOLINITE?
Technological applications of Halloysite-Kaolinite
• Projects which create high-value technological
products generally have a high capital cost, longer
lead times to production and greater investment in
research and development
• Kaolin and halloysite have recently emerged as a
potential feedstock in processing high-value and
hard-to-substitute high-purity alumina (HPA) that
is used in technological applications such as light-
emitting diodes (LEDs) and lithium-ion batteries.
• Halloysite’s nano tubal structures offer additional
biomedical and industrial uses over and above
its traditional use as an additive to kaolinite in
ceramics manufacturing.
• A market exists for halloysite nanotubes as
efficient catalysts in the petrochemicals industry,
as an additive in molecular sieves, petrochemical
composites, and in non-halogenated flame-
retardant synergists and cosmetics.
• The growing market for halloysite offers
significant commercial development potential
upon a successful discovery for the Company’s
halloysite-kaolin exploration programs.
78
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ITM
HALLOYSITE-KAOLINITE PROJECTS
Focus on defining halloysite-kaolinite
resources
• Drill out and classify resources on Eyre
Peninsula and Franklyn
• Trial beneficiation of resource material
• Scoping and Pre-Feasibility studies
• Obtain offtake agreements for
beneficiated halloysite-kaolinite
concentrate
• Licencing and permitting
• Feasibilty studies, project financing and
development
• Develop specialist products and trial
HPA production
• Working with CSIRO to develop rapid
and cost-effective analytical techniques
for halloysite
• Partnering with industrial and battery
materials specialist Dorfner ANZAPLAN
on marketing and beneficiation
89
ASX:ITM
ASX: ITM
FRANKLYN HALLOYSITE-KAOLINITE PROJECT
High purity Halloysite-Kaolinite
• JORC 2012 Exploration Target of 45-91 Mt @ 30-36% Al2O3
• Proximity to critical infrastructure provides opportunities for low development,
operational and transport costs; components critical for a successful industrial
minerals operation
• SEM images show Franklyn halloysite to be single walled elongate nanotubes with a
high length to breadth ratio
• Characteristics which are valued for nanotechnology
applications such as pharmaceuticals, agriculture,
cosmetics and other controlled release applications
• The growing market for halloysite offers
significant commercial development potential
upon a successful discovery for the Company’s
halloysite-kaolin exploration programs
Scanning Electron Microscope (SEM) images of a sample from drillhole
FRAC 19-04 at the Franklyn Halloysite-Kaolinite Project taken at
different magnifications. The two images show both platy and tubular
shaped minerals, interpreted as kaolinite and halloysite respectively.
ASX: ITM The Exploration Properties do not contain any Exploration Targets, Ore Reserves or Mineral Resources, as defined by the JORC (2012)
Code 10
9EYRE PENINSULA HALLOYSITE-KAOLINITE
High purity Halloysite-Kaolinite
• Eyre Peninsula Project within 70km of
essential infrastructure at Whyalla and
only 30 km from Lucky Bay Port
• Two advanced prospects at Ethiopia
and Caralue Bluff
• Ethiopia was drilled in 2007, white
kaolinitic clays over 1 km2 to max
depth of 20-30m
• Caralue Bluff Prospect has bright white
kaolin in 2 historical drill holes, 5km
apart
• Kaolin shows exceptional purity and
brightness with low Fe2O3 of 0.55%
and brightness of 87%
• High purity and brightness gives it
potential for HPA feedstock, ceramic,
paper coating and filler applications
ASX:ITM
ASX: ITM 11
10ADVANCED GRAPHITE PROJECT
Campoona Graphite Project
• De-risked opportunity to supply
graphite and graphene into the
growing battery technology market
• JORC 2012 Mineral Resource of
8.55Mt @ 9.0% TGC
• Granted mining lease and 2
multipurpose leases for processing
and water infrastructure
• Update scoping study with HF free
beneficiation trial from existing
concentrate
• Obtain bulk samples, trial beneficiation
to obtain product for offtake
agreements
• Further develop and market specialist
products such as spherical graphite
for Li-Ion batteries and graphene
production
• Pre-feasibility study
• Feasibilty studies, project financing
and development
ASX:ITM
ASX: ITM The Exploration Properties do not contain any Exploration Targets, Ore Reserves or Mineral Resources, as defined by the JORC (2012) Code 12
11ADVANCED GRAPHITE PROJECT
Spherical graphite produced
from 95% TGC Campoona
graphite concentrate. Graphene produced
from Campoona graphite
White bar = 5 microns.
concentrate
Lithium ion batteries made with Biosensors produced from
Campoona graphite undergoing Campoona graphene
performance testing
ASX: ITM
ASX: ITM 13
12COPPER-GOLD PROJECTS
IOCG Project
• Over 960 km2 of tenure along the IOCG
prospective Bulginnia Shear Zone
• Only 24km from Oz Minerals (ASX: OZL)
Prominent Hill IOCG Deposit
Bartels Gold Project
• Bartels Gold Project on the Eyre Peninsula
prospective for epithermal gold mineralisation
• Three distinct, low sulphidation, epthermal gold
Cu-Au Porphyry Project systems identified up to 13.5 km long
• Over 3,420 km2 of tenure prospective for Cu-Au • Best intersection of 29m @ 0.57 g/t from 79m
porphyry mineralisation down hole
• Tenure occurs within a Cu-Au porphyry
mineralisation “permissive tract” identified by the Nackara Arc Gold Project
USGS
• Potential for saddle reef style IRG mineralisation
• Thursdays Gossan Cu-Au discovery by Stavely similar to the 15 million once Telfer Deposit in WA
Minerals (ASX: SVY) and associated porphyry
mineralisation occur within the tract
• Numerous geological similarities
ASX:
ASX:
ITMITM 14
13SUMMARY
• Primary focus on developing kaolin resources
• Projects are close to ports and other infrastructure
• Concurrently developing the Campoona Graphite Deposit
• Fully permitted project
• Strong partnerships with research and development organisations (CSIRO and Dorfner ANZAPLAN)
• $0.20/share to raise $5M - $7M
• Tight capital structure, 86-96 million shares on issue post IPO
• Market capitalisation post IPO of ~$17-20M
• Ability to “hit the ground running” based on +10 years of exploration and development by Archer Materials
• Please visit www.itechminerals.com.au for more information on kaolin and graphite
ASX:
ASX:ITM
ITM 15
14COMPETENT PERSONS STATEMENT
The information relating to Exploration Results and Mineral Resources in this presentation is extracted from the Company’s Prospectus dated 16 August 2021 (Prospectus).
A copy of the Prospectus is available for download at www.itechminerals.com.au or www asx.com.au. The Company confirms that it is not aware of any new information
or data that materially affects the Exploration Results included in the Prospectus. The Company confirms that the form and context in which the applicable Competent
Persons’ findings are presented have not been materially modified from the Prospectus.
The information in the Investment Overview section of the Prospectus, included at section 1, Overview of the Company and its Business, included at section 3, and the
Overview of the Projects, included in section 4 of the Prospectus, which relate to exploration results is based on information compiled by Michael Schwarz. Mr Schwarz
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’ (the JORC Code).
Michael Schwarz is a full-time employee of iTech Minerals Ltd. Mr Schwarz consents to the inclusion of the information in these Sections of the Prospectus in the form and
context in which it appears.
CONTACT
AFS Licence No: 238168 | Lead Manager & Sponsoring Broker
Michael Schwarz Gavan H Farley
Managing Director Director - Corporate Advisory
Mobile +61 420 520 300
Main: +61 2 9375 0114
Level 3, 63 Pirie St gavan.farley@novuscapital.com.au
ADELAIDE SA 5000
Wayne Rossiter
Corporate Consultant
Email: info@itechminerals.com.au Mobile +61 420 959 304
Website: www.itechminerals.com.au Main +61 2 9375 0104
wayne.rossiter@novuscapital.com.au
Telephone: +61 2 5850 5000
Level 11, Plaza Building-Australia Sq., 95 Pitt Street, SYDNEY NSW 2000
*PO Box R1464, ROYAL EXCHANGE NSW 1225
www.novuscapital.com.au
ASX:
ASX:ITM
ITM 16
15APPENDICIES
ASX:
ASX:
ITMITM 17
16NACKARA ARC COPPER-GOLD PROJECT
Cu-Au Porphyry Project
• Over 3,420 km2 of tenure prospective for Cu-Au
porphyry mineralisation
• Tenure occurs within a Cu-Au porphyry
mineralisation “permissive tract” identified by the
USGS
• Thursdays Gossan Cu-Au discovery by Staverly
Minerals (ASX: SVY) and associated porphyry
mineralisation occur within the tract
• Includes the Burra historic copper mines and four
known mineralisation occurences within iTech
tenure
• Limited investigations using modern exploration
techniques
• Simple and cost effective geophysical and surface
geochemical tehniques open the potential for
significant new Cu-Au porphyry discoveries in a
poorly explored province
ASX:
ASX:
ITMITM 1817GOLD PROJECTS
Bartels Gold Project
• Bartels Gold Project on the Eyre Peninsula
prospective for epithermal gold mineralisation
• Three distinct, low sulphidation, epthermal gold
systems identified up to 13.5 km long
• Best intersection of 29m @ 0.57 g/t from 79m
down hole
• Opportunity to undertake cost effective follow
up of drill targets identified by Archer Materials
while drilling for kaolin in the area
Nackara Arc Gold Project
• Poential for saddle reef style IRG
mineralisation similar to the 15 million ounce
Telfer Deposit in WA
• Numerous geological similarities
• No systematic modern exploration of numerous
historical, high-grade gold vein systems
ASX:
ASX:ITM
ITM 1918BILLA KALINA IOCG PROJECT
IOCG Project
• Over 960 km2 of tenure along the IOCG
prospective Bulginnia Shear Zone
• Only 24km from Oz Minerals (ASX: OZL)
Prominent Hill IOCG Deposit
• Bulgunnia Shear Zone transects the company’s
tenements, is thought to be a strong control on
the location of Prominent Hill
• Amongst large ground holdings held by majors
such as Fortesque Metals Group and Oz
Minerals
• Preliminary geophysical assessment has
identified several IOCG targets within the
project area
• Infill geophysics is planned to better define
targets
ASX:ITM
ASX: ITM 2019NSW PROJECTS
Stanthorpe Project
• In the New England Orogen prospective for Sn,
W, Mo and Au mineralisation
Cobar Project
• In the South Cobar Basin prospective for Cobar
style polymetallic mineralisation
ASX:ITM
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