Announcement PDF COMPANY PRESENTATION - ANNUAL GENERAL MEETING 25 November 2024 Suvo | ASX:SUV | Company Presentation | November 2024 | 1 Disclaimer These presentation materials and the accompanying verbal presentation (together, the Presentation Materials or Document) are confidential and have been prepared by Suvo Strategic Minerals. By receiving the Presentation Materials, you acknowledge and represent to the Company that you have read, understood and accept the terms of this disclaimer. It is the responsibility of all recipients of these Presentation Materials to obtain all necessary approvals to receive these Presentation Materials and receipt of the Presentation Materials will be taken by the Company to constitute a representation and warranty that all relevant approvals have been obtained. Such forward looking statements; a) Are necessarily based upon a number of estimated assumptions that, while considered reasonable by the company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies: b) Involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements; and c) May include, among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. NOT AN OFFER These Presentation Materials are for information purposes only. The Presentation Materials do not comprise a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law. The Presentation Materials also do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied upon in connection there with or act as any inducement to enter into any contract or commitment with respect to securities. In particular, these Presentation Materials do not constitute an offer to sell or a solicitation to buy securities in the United States of America. NOT INVESTMENT ADVICE The Presentation Materials are not investment or financial product advice (nor tax accounting or legal advice) and are not intended to be used for the basis of making an investment decision. Recipients should obtain their own advice before making any investment decision. SUMMARY INFORMATION The Presentation Materials do not purity to be all inclusive or to contain all information about the Company or any of the assets, current or future of the Company. The Presentation Materials contain summary information about the Company and its activities which is current as at the date the Presentation Materials. The information in the Presentation Materials is of a general nature and does not purport to contain all information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure statement or other offering document prepared in accordance with the requirements of Australian law or the laws of any other jurisdiction, including the United States of America. The Company does not undertake to provide any additional or updated information as a result of new information, future events to results otherwise. Certain statements contained in the Presentation Materials, including information as to the future financial or operating performance of the company and its projects are forward looking statements. The Company disclaims any intent or obligation to publicly update any forward looking statements, whether as a result of new information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, ”indicate”, ”contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, and similar expressions identify forward looking statements. All forward looking statements contained in the Presentation Materials are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. The Company has prepared the Presentation Materials based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in the Presentation Materials. To the maximum extent permitted by law, the Company, its related bodies corporate (as that term is defined in the Corporations Act 2001 (Commonwealth of Australia)) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the Presentation Materials or content otherwise arising in connection with it. COMPETENT PERSON The Presentation Materials contain references to the Company’s previous announcements, including announcements dated 22 September 2021 and 27 September 2024. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and that all material assumptions and technical parameters underpinning the estimates and production targets in the relevant market announcement continue to apply and have not materially changed. Suvo | ASX:SUV | Company Presentation | November 2024 | 2 Milestones Achieved Growth In Turnover High-Margin Sales Cost Optimisation FY24 Turnover Was $12.3m, Up From $11.3m In The Previous Year1 Sales To New Customers At Significant Price Premiums To Average Selling Price Reduced Operational Costs, Capital Expenditure and Administrative Overheads Worldwide IP License Commercial Rollout Partner Product Development Low Carbon Concrete Formulation and Batching Plant IP Secured Incorporated Joint Venture Established With PERMAcast Delivered First Low Carbon Concrete Product And Created Various New Mix-Designs Suvo 1. Refer to Annual Report lodged with the ASX on 27 September 2024 | ASX:SUV | Company Presentation | November 2024 | 3 Cement Is The Single Largest Industrial Polluter The worldwide production of cement results in 3.2 billion tonnes of CO2 per year; representing 8% of global emissions1 Production Process CO2 Generation1 Mining and then grinding of raw material that includes limestone and clay; to a fine powder Fine powder is heated at temperatures as high as 1450 ºC in a kiln making clinker Clinker is ground with gypsum to create a fine powder known as cement Cement powder is mixed with water and aggregates to make the building material; concrete ~5% ~90% ~0% ~5% Drilling, blasting, hauling, crushing and grinding Burning fossil fuels (~1450 ºC) & release of CO2 Mixing stage (clinker is ground with gypsum) Suvo 1. cement.org/cement-concrete/how-cement-is-made/ | ASX:SUV Transportation and logistics | Company Presentation | November 2024 | 4 Market Opportunity Cement is the grey powder that when mixed with water acts as the glue that binds the building material, concrete together 2nd Most Consumed 3rd Largest Emitter Cement is second to only water as the most consumed resource on the planet If the cement industry were a country, it would be the third largest emitter of greenhouse gases 8.0% of Global Emissions 4.0 Billion Tonnes As core ingredient of concrete, cement is the source of 8% of the worlds CO2 emissions, equivalent to the global car fleet Cement production equates to 4 billion tonnes annually with demand expected to grow to five billion in the next decade Market Size 3.2 Billion Tonnes of CO2 The global cement market is larger than the global lithium, copper and iron ore markets The worldwide production of cement results in 3.2 billion tonnes of CO2 per year ~US$972BN 2030 forecast global concrete market1 ~4.7% Estimated CAGR between 2021 - 20301 Concrete Market US$972.0Bn US$617.0Bn 2020 Suvo 1. https://www.alliedmarketresearch.com/concrete-market-A12420 | ASX:SUV 2030 | Company Presentation | November 2024 | 5 Pittong Kaolin Operations Pittong is a 100% owned Kaolin operation located 40km west of Ballarat in Victoria Brands: Suvo’s long-standing customers and offtake partners • Pittong is the sole wet kaolin mine and processing facility in Australia and has been in operation since 1972. • Total Indicated and Inferred Mineral Resource of 5.5mt indicating the potential for a multi decade mine life1. • Invested over $5m into the facility since acquisition from Imerys S.A in 2021. • In FY24 produced and sold circa 20k2 tonnes of kaolin to traditional markets; plant name plate capacity validated to be circa 60k tonnes3. • Marketing strategy tailored to premium, high-margin applications such as paints, coatings, pharmaceuticals and emerging green markets. • Studies and test work planned to commence analysing a low-cost processing method and calcining for production of Metakaolin. • Metakaolin has the potential to be used as a supplementary cementitious material (SCM) for decarbonisation of the concrete industry. • There is limited access to high quality, high alumina materials in Victoria putting Suvo at the forefront of this market opportunity as the sole kaolin producer in the Country. ~$12.3m Revenue generated in FY24 from the sale of circa 20k tonnes Average price per tonne achieved Mine Site ~9tonne/hr Mining license approved to 2045 Suvo 1. 2. 3. ~$601/t | ASX:SUV Plant throughput2 | Company Presentation | November 2024 As announced on 27 September 2024. The Company confirms that it is not aware of any new information or data that materially affects this estimate and that all material assumptions and technical parameters underpinning the estimates and production targets in the relevant market announcement continue to apply and have not materially changed Refer to Annual Report lodged with the ASX on 27 September 2024 As announced on 6 February 2023 | 6 Entry Into Market Supplementary cementitious materials (SCMs) are commonly used as partial replacements of Portland cement in concrete mixtures Benefits of Metakaolin1 • Components of concrete Use of Metakaolin in concrete accelerates the initial setting time of concrete. • It helps in development of the early age strength of concrete which allows the early removal of formwork and thus enhances the production rate. • Metakaolin consumes calcium hydroxide thereby preventing the reaction of alkali-silica. Use of Metakaolin increases the resistance to sulphate attack, chemical attack and freeze and thaw action. • It is a green option, an ecofriendly building material. CO2 emissions reduction is relative to the amount of clinker or cement substitution. • Up to 8% of Air 7-15% of Cement Partial cement replacement with Metakaolin 14-21% of Water Metakaolin is classified as a class 1 SCM and is cost competitive against the import price of Portland cement. 60-75% of Aggregates (Coarse & Fine) Suvo 1. https://gharpedia.com/blog/metakaolin-in-concrete-advantages-and-disadvantages-and-properties/ | ASX:SUV | Company Presentation | November 2024 | 7 Total Replacement For Portland Cement ‘Geopolymer’ cement is a low carbon, green alternative and a 100% replacement for the traditional Portland cement binder Benefits of geopolymer cement1 • Enhanced durability reduces need for frequent repair and maintenance, reducing total cost over the concrete's lifespan. • Exhibits superior strength and durability compared to conventional concrete. • Ability to reduce CO2 emissions of the total project, in-line with new construction standards. • More resistant to alkali-aggregate reactivity, more resistant to chloride attacks, and less susceptible to shrinkage and early age cracking. • Environmentally friendly option using industrial by-products as an aluminosilicate source. • The only solution for a 100% replacement of the Portland cement binder. Components of geopolymer cement Process By-Product Mine Operator Mine Processing Facility Chemical Additive Suvo 1. sciencedirect.com / long-term durability properties of geopolymer concrete: an in-depth review | ASX:SUV | Geopolymer Cement Company Presentation | November 2024 | 8 Incorporated Joint Venture With PERMAcast Partnered with WA’s leading supplier of precast and prestressed concrete products to deliver low carbon products to market1 Background information Key milestones • PERMAcast is a privately owned Company employing over 400 people. Execute Joint Development Agreement (JDA) • Notable projects include Chevron Gorgon Gas Project and Perth Optus Stadium. Formulate and test a range of low carbon formulations • Climate Tech Cement (CTC) (wholly owned subsidiary of Suvo) will identify and characterise various industrial byproducts from large miners. Execute supply agreements for industrial by-products • CTC will provide the intellectual property and create various mix designs meeting 10, 20, 30, 40MPa and maximum strength attainable. • PERMAcast offers a clean avenue for scale-up and industry validation. Finalise low carbon formulations and products • The parties have produced and delivered the first low carbon product, a series of 1,000mm x 350mm x 350mm backing blocks, reaching up to 35MPa, to be used for demonstration purposes at a major Government infrastructure project2. Commercial pilot and scale-up for commercial production Execute MOU’s (Offtakes and other) Commence large scale commercial production and supply to market Suvo 1. 2. ASX announcement 9 July 2024 ASX announcement 20 August 2024 | ASX:SUV | Company Presentation | November 2024 | 9 Co-operation Agreement with PT Huadi PT Huadi Nickel-Alloy Indonesia (PT HNI) is one of Indonesia’s largest nickel producers and stockpiles significant quantities of nickel slag • A co-operation agreement has been executed for the purpose of the parties considering whether to enter into a potential commercial arrangement, including with respect to a partnership and or the ongoing offtake of the nickel slag from PT HNI. • Nickel slag is the by-product generated from nickel production and is commonly stockpiled or otherwise committed to landfill. More importantly, nickel slag comes with a zero-carbon footprint. • Laboratory trials conducted in collaboration with Makassar State University (UNM), in Indonesia, have successfully produced a high strength, low carbon cement using the zerocarbon nickel slag. • The three samples tested showed extraordinary results, with the highest strength reaching 37.5Megapascals (MPa) after only 7 days. • Using standard apparatus, the testing of slump, initial and final setting time and dry shrinkage will be performed in the second laboratory trial by UNM. September 2024, Makassar (Indonesia) In attendance: Acting Regent of Bantaeng, Andi Abubakar, Daily Acting Head of the South Sulawesi Province One Stop Integrated Service (PTSP), Muhammad Arafah, Director of PT Huadi Bantaeng Industry Park, Lily Dewi Candinegara, Executive Chairman of Suvo Strategic Minerals, Aaron Banks and Professor of Physics at Makassar State University (UNM), Prof. Subaer. Suvo 1. ASX announcement 10 October 2024 | ASX:SUV | Company Presentation | November 2024 | 10 Appendix Suvo | ASX:SUV | Company Presentation | November 2024 | 11 Corporate Overview $0.09 30m $0.06 20m $0.03 10m Jan-24 Feb-24 Mar-24 Apr-24 Volume Jun-24 Jul-24 Share Price Aug-24 Sep-24 Oct-24 TOP SHAREHOLDERS: 22 NOVEMBER 2024 CORPORATE SNAPSHOT: 22 NOVEMBER 2024 Shares on Issue May-24 ~1,009.5m Shareholder Shares (m) % Melbourne Securities Corporation Ltd 78.7 7.8 Options & Performance Rights ~120.7m Mr Aaron Banks 73.7 7.3 Share price $0.045 Mr Christopher Weed & Mrs Janet Brockman 47.6 4.7 Mr Peter Mark Lewis 25.0 2.5 Market capitalisation $45.4m Mr Robert Kingsley Fitzgerald 17.0 1.7 52-week high $0.066 Ratdog Pty Ltd 16.1 1.6 52-week low $0.026 Citicorp Nominees Pty Ltd 15.3 1.5 Dixson Trust Pty Ltd 12.7 1.3 Total 286.1 28.4 Cash & Cash Equivalents (30 Sep 24) $2.2m Suvo | ASX:SUV | Company Presentation | November 2024 | 12 Experienced Board & Senior Management Aaron Banks Executive Chairman • A specialist business consultant with over 20 years’ experience in contract negotiations and business development including senior roles in sales, marketing and construction management. In 2015, as founder & Managing Director of Australian Silica Pty Ltd, Mr Banks discovered one of the largest high grade silica sand resources in the world. Peter Trinder Mark Pensabene Non-executive Director Non-executive Director • Over 20 years of operational and management experience in the engineering and construction sectors. Mark spent 18 years with ASX200 Company, Monadelphous Group, where he held a number of general manager roles. Most recently, Mark was the Executive General Manager & Chief Operating Officer at Primero Group, subsidiary of ASX listed NRW Holdings, a company specializing in the provision of EPC services in the Western Australian and North American mining sectors. • Over 45 years’ experience in concrete technology focusing on long term performance of concrete structures and the design for durability. Mr Trinder commenced his career in 1978 and has worked in a variety of positions including concrete batch plant manager, site engineer, specialist materials consultant and concrete repair contractor. More recently, Peter consults as an independent advisor on issues related to improving the quality of construction in major infrastructure projects. Bojan Bogunovic Hanno Van Der Merwe Qualified Chartered Accountant with a Bachelor of Commerce from Curtin University. Mr Bogunovic has extensive experience in the exploration, construction and mining industries in Australia and overseas. Mr Bogunovic has held senior financial roles with a number of ASX listed mining and exploration companies. Mr Bogunovic was the Company Chief Financial Officer and Chief Commercial Officer before his appointment as Chief Executive Officer. • Chief Executive Officer • Suvo | ASX:SUV | Chief Operating Officer Over 25 years’ experience in Estimating, Project Management, and Production Management, holding qualifications in Production Engineering and a Master of Business Management. Delivered a number of highly successful projects in Australia and Africa, holding senior management roles in the mining, oil and gas, renewable energy industries. Company Presentation | November 2024 | 13 For Further Information Aaron Banks Bojan Bogunovic Suvo Strategic Minerals Limited Executive Chairman Chief Executive Officer Level 11, 40 The Esplanade aaron.banks@suvo.com.au bojan.bogunovic@suvo.com.au Perth, Western Australia 6000 +61 455 660 064 +61 452 445 100 www.suvo.com.au Investor Hub QRC Suvo | ASX:SUV | Company Presentation | November 2024 | 14