Regency Mines Corporate Presentation Annual General Meeting. London Stock Exchange AIM Listed: RGM

Transcription

1 Regency Mines Crprate Presentatin Annual General Meeting Lndn Stck Exchange AIM Listed: RGM

2 Disclaimer These presentatin slides (the Slides ) d nt cnstitute an ffer t the public r an ffer fr sale r slicitatin t purchase r subscribe fr any securities f the Cmpany and they shuld nt be relied n in cnnectin with a decisin t purchase r subscribe fr any such securities. The Slides and the accmpanying verbal presentatin d nt cnstitute a recmmendatin regarding any decisin t sell r buy securities in the Cmpany. If any persn is in dubt as t the cntents f this presentatin, r wishes t btain advice as t the investment merits f the Cmpany s securities, he shuld seek independent advice frm a persn wh is an authrized financial services prvider. N reliance may be placed fr any purpse whatsever n the infrmatin cntained in the Slides and the accmpanying verbal presentatin r the cmpleteness r accuracy f such infrmatin. The infrmatin cntained in these Slides and the accmpanying verbal presentatin is in the public dmain, hwever n representatin r warranty, express r implied, is given by r n behalf f the Cmpany, its sharehlders, directrs, fficers r emplyees r any ther persn as t the accuracy r cmpleteness f the infrmatin r pinins cntained in the Slides and the accmpanying verbal presentatin, and n liability is accepted fr any such infrmatin r pinins (including in the case f negligence, but excluding any liability fr fraud). The Slides are nt fr distributin in, nr d they cnstitute an ffer f securities fr sale in, any jurisdictin where such distributin r ffer is unlawful. The distributin f the Slides in sme jurisdictins may be restricted by law and persns int whse pssessin this dcument cmes shuld infrm themselves abut and bserve any such restrictins. Statements made in the Slides and accmpanying verbal presentatin may include frward-lking statements that necessarily invlve risks and uncertainties. Frward-lking statements may generally be identified by the use f terminlgy such as may, will, expect, intend, plan, estimate, anticipate, believe, r similar phrases. Other than statements f histrical facts, all statements, including, amng thers, statements regarding the future financial psitin f the Cmpany, business strategy, prjected levels f grwth in its market, prjected csts, estimates f capital expenditures and plans and bjectives f management fr future peratin, are frward-lking statements. The actual future perfrmance f the cmpany culd differ materially frm these frward-lking statements. Imprtant factrs that culd cause actual results t differ materially frm these expectatins including knwn and unknwn risks. Undue reliance shuld nt be placed n these frward-lking statements.

3 Regency Overview Hydrcarbns Battery Metals Supprt Technlgies Transactins Metallurgical Cal Cal Bed Methane Nickel-Cbalt Nibium/Tantalum Energy Revlutin EsTeq Ltd. Battery Strage Battery Technlgies Mining Technlgies Jint Ventures Dispsals Asset Sales

4 Strategic Themes Battery Metals Hydrcarbns fr the Future Battery Technlgies Mambare Nickel / Cbalt Prject Key Elements f Cathde Raw Materials Metals fr Lithium In Batteries Key t Electric Vehicles / Battery Strage / Grid Strage Curzn - Cal Bed Methane Prject Natural Gas Cleanest Fssil Fuel Metallurgical Cal High Value Special Use Cals Needed fr Steel/Filters/Other EsTeq Energy Strage Technlgies Battery Fcused Subsidiary Initial Investment Whitecar Ltd Battery End Uses All Electric Rental Cars Future Targets Under Cnsideratin RGM Leveraged t Disruptive Changes in Glbal Battery Technlgies and Battery Prliferatin

5 Expsure t Energy Strage Value Chain Pwer Generatin Grid Services / Strage Battery End-Uses (Whitecar) Pwer Transmissin Gigafactries Clean Fssil Fuels (Curzn CBM) Battery Metals (Mambare- Cbalt/Nickel)

6 Operating Ftprint Mambare - PNG Nickel - Cbalt JORC Resurce Large Scale and 3% Explred t Date Mtzfeldt Greenland Nibium + Tantalum JORC Resurce Significant Upside Ptential Met Cal Assets - USA Restructuring in Prgress Teaming t Build Large-Scale Met Cal Entity Curzn OR, USA Cal Bed Methane Prject, Oregn, USA First Gas Targeted in H EsTeq Limited - UK RGM Subsidary Battery Strage and Related Technlgies

7 MINERAL PROJECTS

8 Metallurgical Cal Interests Histric Cal District Alabama, USA Strng Met Cal Prices c$236/t 285k Ttal Investment Disappinting Operatinal Perfrmance Optin t g t 100% Extended DD in Prgress n Assets Other US Metallurgical Cal ~30% Rsa Mine Metallurgical Cal MOU with Legacy Hill Resurces in Place Due Diligence n Prducing Asset Underway ~ 60k t RGM Intentin t Frm Cal Rll-Up Vehicle (a) Initial Target Prducing Met Cal Asset (b) Additinal Blt-Ons Under Cnsideratin News Expected Q1 18 Ultimate Gal: US Listing Cal Grup 20% Metallurgical Cal Speciality Prduct Carries Higher Prices Multiple Offtake Opprtunities Cke - Steel Prducers Ferrsilicn Filters Csmetics Cal with a Future

9 Mambare Nickel Cbalt Prject Lateritic nickel-cbalt prject in Mambare Plateau, PNG Plateau One f Wrld s Largest Laterite Depsits 3% Drill Tested Significant Upside Ptential 50:50 Jint Venture between RGM and Direct Nickel Ltd (Additinal 1.36% indirect stake thrugh DNI) JORC cmpliant Mineral Resurce Estimate (MRE) % Ni and 0.09% C (cmbined Indicated & Inferred) % Ni and 0.08% C Cmpares Favrably t CleanTeq s Syerstn Prject CleanTeq Market Cap: AUD 861M Mambare Licensed t use the DNi Prcess 40,000t p/a Ptential Surce f Battery Grade Ni Sulphate / C Sulphate EL1390 Kkda Twnship WORLDWIDE BUSINESS Direct Nickel Technlgies Designed t Prcess Nickel Laterites Tested at Pilt Plant Scale, Perth, AUS Uses Nitric Acid 95% Recycled Sustainable and Cst Effective Lw CAPEX and OPEX Unlcks Wrld s Lateritic Nickel Resurces

10 Mtzfeldt Multi Element Prject JORC Inferred Mineral Resurce f 120ppm Ta 2 O 5, 4,600ppm ZrO 2, and 1,850ppm Nb 2 O 5 Multi-element prject - nibium (Nb), tantalum (Ta), rare earth elements (REE) significant in-situ value Wrld s largest Undevelped Nibium-Tantalum depsits 24km t an internatinal airprt Mtzfedlt JORC Resurce Figures Acquired fr Nminal Cst (~ 2.5k) Several Millins Spent Histrically Minimal Spend t Hld Licenses On Care and Maintenance

11 OIL & GAS

12 Curzn Energy Plc Overview OR, USA RGM: 575k 8.91% Stake 400+ Wells Cal Bed Methane Gas Prject Acquired ut f Bankruptcy 645 BCF Gas in Place 273 BCF f 2C cntingent resurces recverable Cs Bay, Oregn, USA 45,370 acres / 400 ptential well lcatins Curzn Energy Plc Listed in Sept 17 n LSE Histric Spend Over $75m Pre-IPO raised 650k Q IPO raised 2.3m Funds t Cnfirm Initial Prject Cmmerciality Histric Gas Price Premium t US Henry Hub 16 Years Ready Access t Reginal Pipeline and Gas Netwrk Lw Cst Drilling n Industrial Lgging Land All necessary permits in place Ptential fr free cash flw f $24m+ in 5 years - $200m+ valuatin First gas in under 6 mnths Targeting 6-7x uplift with current assets

13 Curzn Develpment Ptential 5 Existing Wells Wrkvers underway Q4 17 Lcal well test rate f 100Mscf/day seen Mid case 500 MMscf per well ultimate recvery First Gas Expected in H1 18 Lcal gas prices $5/Mscf $2/Mscf premium t US Henry Hub 16 year track recrd f premium pricing Cs Bay Gas Pipeline (12in) Crsses the prperty / ready fr cnnectin Feeder line cnnects t interstate line Typical Well Csts: $350k ~2,500ft depth 5-10 znes Tw Hrizns Upper Caled Phase I 2 x New Wells Phase II 58 x New Wells Phase III 200 x New Wells Lwer Caled

14 Natural Gas Cal Bed Methane 10% Of US natural gas prductin cmes frm cal bed methane (CBM) Natural Gas The Fuel f the Future Cleanest Fssil Fuel and Key Part f US Energy Supply CBM Dramatic Transfrmatin Frmer Miner s Curse nw an exciting cmmercial success stry Cal Bed Methane Cal is bth reservir rck and surce rck fr methane Natural Gas CO2 emissins 40-50% lwer than thermal cal and 25-35% lwer than petrleum Prductin Prfile CBM fields usually increase t peak prductin after 6-18 mnths then decline like cnventinal reservir US gas prductin cntinues t increase LNG exprt markets cntinue t grw China, S.Krea, Japan LNG rising 6-8%pa as cuntries shift t lwer carbn fuels 14

15 Existing Wells One f five existing wells n the prperty 2 mre t be drilled in Phase I 12in Pipeline Cs Cunty Pipeline passes thrugh prperty Letter f Intent signed with peratr t purchase Curzn gas at premium t HH

16 Extensive Infrastructure Oversized pads already pre-cleared - includes several new well lcatins

17 EsTeq Limited

18 Energy Strage Technlgies EsTeq Overview EsTeq created t invest in and develp energy technlgy prjects and applicatins Battery Technlgies/Metals Current battery technlgies rely heavily n scarce and ften previusly ignred metals Lithium, Cbalt, Nickel and thers Grid Services Greater reliance n renewable energy surces means greater reliance n demand pwer, backup generatin, frequency respnse, capacity management and energy strage services Battery End Uses Demand driven by transitin t electric vehicles (EVs), hme pwer strage units, industrial strage and cnsumer electrnics

19 EsTeq Investment Overview Whitecar Limited 5.8% EV Only Rental Cars 100% Electric Fleet Tesla + Ultimately ther EVs Order via app / n queuing/ n extra charges EsTeq t invest up t 400k as part f larger 1.25m raise Car Share Rentals Bst Fleet by renting Private Vehicles Operating in the UK Eurpean Expansin Underway 5 Year Expansin Plan 915 Cars / 41 sites / 13.5m EBITDA Nearest Cmp Silvercar Acquired by Audi in > $350m valuatin Additinal Targets Grid Strage / Management / Services Battery Metals Battery Technlgies Pwer Strage Applicatins

20 Optimal Psitining Battery Metals / Oil & Gas / Technlgy Fcus n Cash Generatin Met Cal Geared t Energy Strage Disruptins Fundatin fr Outperfrmance

21 Further Infrmatin Lndn Stck Exchange AIM listing: AIM:RGM Share Price: 0.55p Market Capitalisatin: 3.18m Shares in Issue: 578,795,064 Directrs: Andrew Bell Sctt Kaintz Edmund Bugnsen Chairman and CEO Directr and COO Nn-Executive Directr Crprate Advisers: Nminated Adviser Auditrs AIM Brker Slicitrs Beaumnt Crnish Ltd Chapman Davis LLP First Equity Ltd Rnaldsns LLP Cmpany Secretary: Stephen

22 Further Infrmatin Andrew Bell Chairman and CEO Sctt Kaintz Directr and COO Business and Pstal Address: We Wrk Aldwych Lndn WC2B 4HN, UK Phne: +44 (0) Registered Office: 55 Gwer Street Lndn WC1E 6HQ UK Incrprated in England and Wales Cmpany N