New World Resources : Antler Project Scoping Study - Investor Presentation

Capital Structure

ASX: NWC

Shares

1,596.9M

only

Optioned Antler

Options (exercisable @ $0.02 - $0.22) and Performance Rights

106.9M

Cash (@ 31 March 2022)

$8.7M

Market Capitalisation (@$0.032/share)

$51.1M

Board and Officers

Richard Hill

Mike Haynes

Tony Polglase

Ian Cunningham

use

Chairman

Managing Director/CEO

Non-Executive Director

Company Secretary

Mr Hill is a geologist and solicitor with

Mr Haynes has more than 25 years' experience in the

Mr Polglase has a Bachelor of Engineering First Class Honours Mr Cunningham is a Chartered

25 year ' experience in the resources

international resources industry. He graduated from the

degree in Metallurgy from the Camborne School of Mines

Accountant and Chartered Secretary

indu try. He has performed roles as

University of Western Australia with an honours degree in

and Higher National Certificates in both Mechanical

and holds a Bachelor of Commerce

commercial manager and geologist for geology and geophysics and has explored for a wide variety of Engineering and Electrical Engineering. Mr Polglase started

degree and Bachelor of Laws degree

several mid cap Australian mining

ore deposit styles throughout Australia and extensively in

his career at the South Crofty Mine in Cornwall. Since then he from the University of Western

New World share price during the past 3 years

companies and as founding director for Southeast and Central Asia, Africa, Europe, South and North

has accumulated more than 40 years of experience working

Australia. He has more than 17 years'

a series of successful ASX-listed

America. Mr Haynes has held technical positions with both

globally in different mining disciplines for companies

experience in the resources industry in

companies. Mr Hill has practical

BHP Minerals and Billiton plc. He has worked extensively on

including Ashanti, Rio Tinto, TVX and Ivernia in Africa, Europe, executive and senior management

geological experience as a mine based project generation and acquisition throughout his career.

the Former Soviet Union, Australia, and, for the last decade,

roles.

and exp oration geologist in a range of During the past 17 years he has been intimately involved in

in Brazil. Mr Polglase was most recently both a founder and

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the incorporation and initial public offerings of numerous

the Managing Director of Avanco Resources Limited, which

commodities.

resources companies, and in the ongoing financing and

he took to production and, later, acquisition by OZ Minerals

management of those and other companies.

Limited for $418 million in 2018.

Top Holders

Paradice Investment Management

8.0%

P nderosa Investments WA Pty Ltd

5.1%

Directors and Management

5.8%

Top 20

44.3%

N w World Resources Limited I ASX: NWC I Redeveloping one of the highest-grade copper deposits in the world

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contained in this announcement, except where required by applicable law and stock exchange listing requirements.

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N w World Resources Limited I ASX: NWC I Redeveloping one of the highest-grade copper deposits in the world

Production

Annual Mining Rates by Resource Category

•

Mining 9.3Mt at 1.0Mtpa over an initial 10-years.

•

Producing 271,240 tonnes of Cu-equiv.metal-in-concentrates

1,200,000

4.00%

(incl. 136,000 tonnes of Cu-in-concentrate).

3.50%

Fi a

cials

1,000,000

•

Pre-production CAPEX of US$201m.

3.00%

only• Revenue of US$2.0bn (A$2.8bn).

800,000

2.50%

• Free cash flow of US$952m (A$1.36bn; undiscounted, pre-tax).

Viability

600,000

2.00%

•

NPV7 of US$524.9m (A$750m; pre-tax)*.

1.50%

•

IRR of 42.0% (pre-tax)*.

400,000

useUpside

Tonnes

1.00%

•

Study excludes results from last 8 months of continuous drilling.

200,000

0.50%

• Further exploration upside - extend life/greater throughputs.

•

Optimisation of mine schedule and mine design.

0

0.00%

-1

1

2

3

4

5

6

7

8

9

10

11

Next

Production Year

•

Continue to expand mineral resource.

Indicated

Inferred

Cu-Equivalent Grade

• Pre-Feasibility Study to be completed in Q1 2023.

1Cu-equivalent grade based on 100% recovery and 100% payability of all metals. Assumptions on recoveries and payabilities have been

•

Mine permit applications.

made elsewhere in the Scoping Study Announcement. Refer ASX Announcement 11 July 2022. The percentage of Indicated Mineral

*A uming commodity prices of copper - US$8,500/tonne; zinc - US$2,800/tonne; lead - US$2,000/tonne;

Resources is 80% (Inferred 20%) over the first five years and 76% (24% Inferred) over the current 10-year evaluation period. There is a

silver - US$20.00/oz and gold - US$1,800/oz and AUD: USD Exchange Rate of 0.70. See Slide 20 for same

low level of geological confidence associated with inferred mineral resources and there is no certainty that further exploration work

will result in the determination of indicated mineral resources or that the production target itself will be realised.

parameters at spot prices.

N w World Resources Limited I ASX: NWC I Redeveloping one of the highest-grade copper deposits in the world

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