Page 661 - ANC20-Proceedings-Presentations-Full
P. 661
Nickel, operational and exploration leverage
A high quality, long life Asset, balance sheet and Capital development and
nickel sulphide asset strategy now reset exploration now underway
✓ Significant Ore Reserves and ✓ Operations temporarily ✓ Pre-production capital
Mineral Resources suspended in April 2020 development by Barminco
commenced in August 2020
✓ More than $100 million ✓ Mineral Resource, Ore
invested in mining, Reserve and Mine Plan all ✓ Completion of ventilation
processing and site updated based on more raise bore advancing
infrastructure with +13 years conservative assumptions ✓ Works will leave Savannah
of operating history ✓ No debt and more than $30 capable of restart in H1 2021
✓ A largely untouched orebody million cash for future growth with full flexibility of restart
at Savannah North which activities timing maintained
remains open along strike ✓ Unhedged with leverage to ✓ Drill testing of near mine and
and at depth AUD nickel prices regional nickel sulphide
targets underway
6
