Slide 1
Graphex -
poised to supply China's growing expandable graphite market
Graphite Conference 22 March 2016
IMX's Market Rating
Chilalo rates highly relative to other comparable graphite projects on all objective measures however IMX's market rating has been held back by its sub-optimal corporate structure.
Exploration Resource Mettestwork
Scoping Study
PFS
DFS
Permitted
682.6
1
Expected Q2 2016
Disconnect between EV and stage of development created by unique set of circumstances for IMX addressed by spin-off
Enterprise Value (A$M)
Notes:
1. Pro-forma EV based on spin out capital raise price. Source: Company announcements, share price as at 12-Feb-2016 www.graphexmining.com.au
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Graphex Pro-forma Corporate Overview
Graphex Mining Limited is the new listed company through which IMX intends to spin-off its Chilalo Graphite Project. Below is a pro-forma corporate overview.
Board
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Stephen Dennis
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Non-executive Chairman
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Grant Davey
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Non-executive Director
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Phil Hoskins
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Managing Director
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Overview Min. Raising Max. Raising
ASX Code GPX GPX
Raising Amount $4.25M $7M
Issued Capital 41M 55M
Senior Management
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Phil Hoskins
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Managing Director
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Nick Corlis
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General Manager - Technical
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Stuart McKenzie
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Commercial Manager and Company Secretary
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Heavenlight Kavishe
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Country Manager Tanzania
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Raising Price $0.20 $0.20 Market Capitalisation $8.4M $11.2M Cash (Pro-forma) $2.7M $5.5M
Enterprise Value $5.7M $5.7M
Options* 16 22
* Includes 100% vesting of 1:3 loyalty option
www.graphexmining.com.au
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High quality product
End user demand
Quick pathway to
production
Graphex Value Proposition
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Chilalo product is coarse flake
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Chilalo graphite exhibits the highest expansion ratio amongst its peers (1500 times)
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Allows product differentiation to graphite competitors
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Strong Chinese strategic relationships with China Gold and China National Building Materials
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Currently in exclusive negotiations for offtake, project debt, project equity, procurement
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Execution of binding agreements a significant re-rating event
and construction
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Project currently at PFS stage
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Environmental approval received, mining licence expected in Q2
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Small scale project allows for quick development
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Increased demand for expandable graphite for use in flame retardant building materials
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Use of spherical graphite in lithium-ion batteries for electric vehicles expected to spur
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Both products expected to experience strong demand in China
demand
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Chilalo undervalued against peers
Experienced board and Management
Exposure to high growth markets
www.graphexmining.com.au
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