About
Join us for our virtual investor lunch series on Wednesday, 17 June 2020 featuring Pilbara Minerals, Liontown Resources, Stavely Minerals and Fenix Resources.

The forum will feature 15-minute presentations from each company, with investors also having the opportunity to submit questions.
Agenda
  • Fenix Resources
  • Stavely Minerals
  • Liontown Resources
  • Pilbara Minerals
Presenters
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Pilbara Minerals
Ken Brinsden - Managing Director
Pilbara Minerals (ASX: PLS, market cap ~$790M) is an Australian lithium-tantalum producer which has firmly cemented its position as a major participant in the world’s rapidly growing lithium supply chain, underpinned by the burgeoning electric vehicle (EV) and energy storage markets.

The Company’s 100%-owned Pilgangoora Project, located in Western Australia’s Pilbara region, hosts one of the world’s largest hard rock lithium-tantalum deposits and is recognised as one of the most important new sources of lithium raw materials globally.

While the lithium sector has been volatile over the past year, recent announcements from European and Chinese governments regarding post-COVID stimulus measures to boost EV sales have sparked a run on lithium stocks, with Pilbara’s share price up 42 per cent since the start of June.
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Liontown Resources
David Richards - Managing Director
Over the past two years, Liontown Resources (ASX: LTR, market cap $222.5M) has rapidly emerged as one of the most exciting new lithium growth stocks on the ASX, underpinned by what has evolved into a Tier-1 discovery at its flagship Kathleen Valley Lithium-Tantalum Project in WA.

Liontown has recently delivered a major update to the world-class Kathleen Valley resource to 156Mt @ 1.4% Li2O & 130ppm Ta2O5 – representing a 108% increase in tonnes and a 119% increase in contained lithium over the previous Mineral Resource Estimate used to prepare the December 2019 Pre-Feasibility Study (PFS). The new Resource remains open along strike and at depth.

An updated PFS is scheduled for delivery in Q3/Q4 2020, with the Company identifying a number of key criteria with the potential to significantly improve the Project’s future operability and economic returns.

In addition to Kathleen Valley, Liontown also holds the Moora Project, which has recorded strongly anomalous nickel, copper, PGE and gold results and is located in the same geological terrain as Chalice Gold Mines significant new Julimar discovery near Perth in WA.
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Stavely Minerals
Chris Cairns - Executive Chairman
Reuniting the team that led successful gold company Integra Mining, Stavely Minerals (ASX: SVY, market cap $117.6M) looks set to deliver another winner for investors with an exciting copper porphyry discovery at Thursday’s Gossan, part of the Stavely Project in Western Victoria.

The discovery hole in September 2019 intersected 32 metres grading 5.88% copper, 1.0g/t gold and 58g/t silver. Mineralisation has so far been defined over 1.5km strike and 200m depth, with Resource drilling now underway.

The style of mineralisation has never been seen before in Australia, but shows strong similarities to the world-class Butte copper deposit in Montana (known as “the richest hill on earth”) and the Magma copper deposit in Arizona.

A maiden JORC Mineral Resource for Thursday’s Gossan is targeted for the second half of 2020.
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Fenix Resources
Rob Brierley - Managing Director
The iron ore price is booming, soaring through US$100 per tonne as Brazil shuts down some of its biggest mines due to COVID-19. But how do investors get leveraged exposure to the iron ore boom? One of the few opportunities is Fenix Resources (ASX: FEX, market cap: $25M), which is preparing to develop the Iron Ridge Project in WA’s Mid West region. Iron Ridge has a forecast capital cost of just $11.9 million and the first shipment is scheduled to take place just four months after the start of construction.

The Feasibility Study forecast annual EBITDA of A$16.4 million – and that was at an iron ore price of A$111.43. The current iron ore price is around A$150.

Fenix currently has a market cap of just $25 million.
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