Unlocking the Potential
of Critical Metals
in Africa
Corporate Presentation
May 2024
LSE : ATN
Private & Confidential
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CORPORATE | MOROCCO | RWANDA | BOTSWANA | SUMMARY | APPENDICES | |||||
Disclaimer
The information contained in this confidential document ("Presentation") has been prepared by Aterian plc (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. This Presentation, which is not a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000, is issued by the Company which accepts responsibility for the information contained herein.
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Aterian PLC | 2 |
CORPORATE | MOROCCO | RWANDA | BOTSWANA | SUMMARY | APPENDICES | |||||
Overview
Ethical exploration, development and trading of critical metals across Africa
Focused on creating shareholder value through building an integrated, sustainable business model from exploration to trading
Unlocking portfolio potential through partnerships
US$ 7.5m Earn-In JV with Rio Tinto secured to explore and develop lithium opportunities in Rwanda for a 75% interest in the HCK lithium project
Accelerating discovery potential through 2024 with scout drilling in Morocco and initiating Botswana exploration
Assessing acquisition opportunities to enhance existing project portfolio
Commodity & Jurisdictional Diversification:
Morocco - Cu-Ag (+base metals) Rwanda - Li-Ta-Nb-Sn Botswana - Cu-Ag and Li-brine
Board of Directors:
Track record of discovery with
significant 'skin in the game'
Board hold 15 % of share capital
Capital Preservation:
Cash inflows from metals trading and JV payments re-invested in exploration
Business Model:
Enter partnerships with well- capitalized, strategic partners to accelerate exploration programmes
Objective:
To develop new, highly prospective critical metal resources with strong long-term fundamentals
2024 Aterian Catalysts:
Rwanda - Rio Tinto funded drilling working towards lithium MRE
Morocco - Scout drilling Botswana - Exploration initiation
Environmental and Social Governance:
Working with all stakeholders to develop mineral assets together
Aterian PLC | 3 |
CORPORATE | MOROCCO | RWANDA | BOTSWANA | SUMMARY | APPENDICES | |||||
Board & Management Team
Wide in-house Expertise and Experience:
CHARLES BRAY
Chairman
Experience primarily focused in investment management, capital markets and financial structuring for small and mid-sized companies.
30+ years of experience as an investment banker (Paribas & Credit Suisse) and chief executive of a UK- based investment management company.
Raised >$1.0 bn of capital via multiple investment structures, including equity and equity-linked debt issues.
SIMON ROLLASON
CEO & Director
Simon has 30 years of international management and mining experience building companies, with Directorships held with several LSE (AIM) listed companies.
A geologist experienced in varied and diversified geological and geographic mining and exploration environments.
Strong operational background in African countries and within the CIS.
GRAHAM DUNCAN
CFO
Graham is a UK-based chartered accountant with more than 25 years of capital markets experience. He holds the Corporate Finance Diploma issued by the Institute of Chartered Accountants in England and Wales.
Since 2013, Graham has run a consultancy business providing transaction support and financial reporting advice to growing private and public companies in the UK and internationally.
KASRA PEZESHKI | |
Non-Executive Director | |
Has over 17 years of experience in investment banking, | |
structured finance, and private equity at institutions | |
such as UBP, Morgan Stanley, Adveq, Bank of America | |
and Enveq in London, New York, Geneva, and Zurich. He | |
is the co-founder and director of Enveq Investments. | |
Kasra holds a 1st Class BSc (Hons) degree from the | |
Electrical and Electronic Engineering Department of the | |
Aterian PLC | University of Hertfordshire and an MSc in Computer |
Science from Imperial College London. |
DEVON MARAIS
Non-Executive Director
Devon was appointed as a Non-Executive Director in August 2018, as part of an investment agreement with ARQ Minerals.
Devon holds directorate positions in five companies spanning a range of business segments.
Devon's role in ARQ is Head of Acquisitions, directly relates to Aterian's short-term plans.
ALISTER HUME
Non-Executive Director
Alister is an experienced investment and business development manager working in private equity and capital markets in the natural resources industry.
He holds a Bachelor of Commerce (Finance and Accounting) from Sydney.
Currently, the Executive VP Business Development for Elemental Altus Royalties Corp, Alister was appointed to the Board on the October 2022 IPO.
Aterian PLC | 4 |
CORPORATE | MOROCCO | RWANDA | BOTSWANA | SUMMARY | APPENDICES | |||||
Critical & Strategic Metals
Critical raw material production and their supply
is economically and strategically important globally
Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today's rapidly growing clean energy technologies
ESSENTIAL FOR A GREEN FUTURE
Secure and sustainable supply required by critical and strategic sectors, such as renewable energy, digital and e-mobility
CUSTOMER-DRIVEN DEMAND
End users of critical and strategic metals looking to secure long-term supply
INCREASING PRESSURE AND COMPETITION FOR RESOURCES
Dependence on critical raw materials may soon replace dependence on oil
RAPIDLY RISING DEMAND
OECD forecasts global demand is set to double by 2060
MOROCCO
Cu, Ag, Au, Zn, Sn
RWANDA
Li, Ta, Nb, Sn, W
BOTSWANA
Cu, Ag, Li
Aterian PLC
CORPORATE | MOROCCO | RWANDA | BOTSWANA | SUMMARY | APPENDICES | |||||
Strategy - From Exploration to Trading
Aterian PLC | 6 |
CORPORATE | MOROCCO | RWANDA | BOTSWANA | SUMMARY | APPENDICES | |||||
Delivering Critical Metals with Low Impact
It is our responsibility and in our long-term interests to be a responsible investor
Integrating Social Impact Outcomes in investment decision-making and active ownership practices
CONFLICT MINERAL POLICY - Supporting the OECD and EU guidelines preventing armed groups in the DRC and adjacent countries from benefitting from the sourcing of Conflict Minerals
LOCAL COMMUNITY SUPPORT - Improving service levels to clients whilst acting fairly in dealings with suppliers and third parties
ENVIRONMENT - Minimising impact on the environment is a company focus. This includes reducing our carbon footprint and water usage, reforestation, and protecting biodiversity
TRAINING AND DEVELOPMENT - Dedicated to providing training and development opportunities to staff members
CLEAN WATER INITIATIVE - Helped provide clean drinking water to approx. 26,000 school children and teachers in
Rwanda
CORPORATE GOVERNANCE - The Company conforms to the QCA Corporate Governance Code and applies this to all its subsidiaries
Aterian PLC | 7 |
Rwanda
The New Lithium Frontier in Africa
Aterian PLC | 8 |
CORPORATE | RWANDA | MOROCCO | BOTSWANA | SUMMARY | APPENDICES | |||||
Rwanda - A New African Lithium Province
EARN-IN JV TO DEVELOP THE LITHIUM OPPORTUNITY
15%
ONE OF THE WORLD'S LARGEST PRODUCERS OF TIN, TUNGSTEN AND TANTALUM
FORECAST TO BE 3rd FASTEST GROWING ECONOMY IN AFRICA IN 2024
(World Bank Global Economic Prospects Report, Jan 2024)
of global | >3,000ha |
tantalum | |
production | prospective |
from Rwanda | for critical & |
(2022) | strategic |
metals | |
3 | |
High- | |
potential | |
mineral | |
projects |
Mining code changes implementing international regulatory framework are attractive to foreign investors
The mining sector is the second largest export in the Rwandan economy (36% in 2019) (www.worldstopexports.com)
Rapidly growing mining industry - government aims to increase contribution to GDP from 1.2% to 5.7%
No foreign exchange controls - currency freely convertible
All mineral exports are traceable through a tagging system accepted by downstream buyers
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CORPORATE | RWANDA | MOROCCO | BOTSWANA | SUMMARY | APPENDICES | |||||
Rwanda - Unlocking Potential Through Partnerships
Near-term revenues from Mine Development and Trading to fund future exploration - An integrated, sustainable business model
PARTNERSHIP & DEVELOPMENT
Project pipeline growth through deal flow and licence ownership
Entering partnerships with existing small-scale producing and near-production assets
Focus on LOW COST/LOW CAPEX and SHORT LEAD-INrevenue-producing opportunities
Trade through the Trading Division for improved margins
Highly prospective region for rare metal pegmatites and magmatic-hydrothermalSn-W vein mineralisation
EARN-IN JOINT VENTURES
Introduce world-renowned partners to manage and fund exploration
Earn-in JV with Rio Tinto to fund and operate exploration activities targeting Lithium
Stage 1 - US$ 3 million for 51%
Stage 2 - US$ 4.5 million for 75%
Drilling expected to commence Q3-2024
Provides cash in-flow and significant shareholding in any future production opportunities
Mineralisation related to deeply weathered, rare metal hosting pegmatites enriched in Li, Ta, Nb and Sn
TRADING
Trading Licence allows buy-in opportunities and better offshore pricing
ITSCI membership
Improve ASM project economics by mechanised mining and processing for greater throughput and return
Providing financial and technical assistance to ASM groups as part of the greater Social Impact programme
Evidence of mineralised (Li-Ta-Nb) pegmatite swarm with little to no historical detailed exploration work
Aterian PLC | 10 |
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Aterian plc published this content on 02 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 14:33:18 UTC.