Western Areas Ltd presented its full year results for the period ending 30 June 2015. Key highlights included record low lost time injury frequency rate, nickel production of 26,524 tonnes at an average grade of 4.9% and cash costs of $2.31/lb. Net profit after tax was $35 million, up from $25.4 million in the previous year due to lower costs despite a $0.33/lb lower nickel price. Operating cashflow increased 27% to $148.5 million while net cash position improved to $70.4 million.
Western Areas Limited acquired the Cosmos Nickel Complex for A$24.5 million. The Cosmos Nickel Complex includes 26 tenements covering 88 square kilometers containing an 17-kilometer long ultramafic belt that hosts high-tenor nickel sulphide deposits similar to Western Areas' Forrestania operations. The acquisition provides Western Areas with an additional operation and exploration potential in an under-explored region proximal to BHP Billiton's nickel assets. The purchase price will be paid in deferred tranches over 18 months to fund exploration and potential development from Western Areas' existing cash reserves.
This document provides a summary of Western Areas Ltd's half year results presentation for the half year ended 31 December 2014. Some key highlights include:
- Nickel production of 13,257 tonnes at an average grade of 5.0% nickel.
- Cash costs of $2.37/lb of nickel in concentrate, below guidance and a reduction from the previous half year.
- Capital and exploration expenditure of $34.7 million, within the full year guidance range.
- Pre-financing cashflow increased 20% to $52.9 million compared to the previous half year.
- Reported net profit after tax of $23.6 million, impacted by a $17 million negative quarterly
This document provides an overview of Western Areas Ltd (WSA), an ASX-listed nickel producer. It discusses WSA's operations including its Flying Fox and Spotted Quoll mines and Forrestania nickel concentrator, as well as growth opportunities such as the recently acquired Cosmos Nickel Complex. The presentation provides production and cost guidance for FY2016 and highlights WSA's low-cost, high-grade operations and organic growth profile and pipeline of opportunities. It also notes WSA's strong balance sheet, experienced management team, and positioning to benefit from an improved nickel market.
This corporate presentation by Western Areas provides an overview of the company's operations, exploration and growth outlook, and nickel market. Key highlights include a low lost time injury frequency rate, nickel production in FY14 of 25,700 tonnes at a cash cost of A$2.50/lb, and FY15 guidance of 24,500-25,500 tonnes of nickel in concentrate at a cost of A$2.70-2.80/lb. The company operates two high-grade nickel mines, Flying Fox and Spotted Quoll, and a concentrator with nameplate capacity of 550,000 tonnes per annum and concentrate grades around 14% nickel.
- Western Areas Ltd is an Australian nickel miner and producer presenting on its operations and outlook.
- It operates two nickel mines, Flying Fox and Spotted Quoll, as well as a nickel concentrator, producing over 25,000 tonnes of nickel concentrate per year.
- Resources and reserves continue to increase at its mines through ongoing exploration, and production is ramping up at low cash costs below $3 per pound.
Western Areas Ltd is an Australian nickel producer that owns high grade nickel assets in Western Australia. It owns and operates the Flying Fox and Spotted Quoll mines and is exploring opportunities near its existing operations including at New Morning. It also recently acquired the Cosmos Nickel Complex which includes existing resources and infrastructure and provides an opportunity for a new integrated nickel operation. Western Areas has a track record of organic growth through exploration and is targeting further reserve and resource growth from its portfolio.
This corporate presentation by Western Areas provides an overview of the company's operations for June 2015. Key highlights include updated FY15 guidance for nickel in concentrate production to the upper end of 24,500 to 25,500 tonnes and unit cash costs of A$2.40/lb to A$2.50/lb. Production and cost metrics for the March 2015 quarter are reported, showing unit cash costs tracking below guidance. The location of Western Areas' mine site in Western Australia is noted to utilize FIFO and DIDO operations.
The presentation provides an overview of Western Areas Ltd, including:
- It discusses the company's corporate information, operations, nickel market, and growth agenda.
- Western Areas is a mid-tier nickel producer with mines in Forrestania, WA. It has a clean balance sheet with $112 million cash and is a consistent, low-cost producer.
- The presentation highlights new offtake contracts signed with Tsingshan, China's largest stainless steel producer, as well as operational improvements and growth projects underway.
Western Areas Limited acquired the Cosmos Nickel Complex for A$24.5 million. The Cosmos Nickel Complex includes 26 tenements covering 88 square kilometers containing an 17-kilometer long ultramafic belt that hosts high-tenor nickel sulphide deposits similar to Western Areas' Forrestania operations. The acquisition provides Western Areas with an additional operation and exploration potential in an under-explored region proximal to BHP Billiton's nickel assets. The purchase price will be paid in deferred tranches over 18 months to fund exploration and potential development from Western Areas' existing cash reserves.
This document provides a summary of Western Areas Ltd's half year results presentation for the half year ended 31 December 2014. Some key highlights include:
- Nickel production of 13,257 tonnes at an average grade of 5.0% nickel.
- Cash costs of $2.37/lb of nickel in concentrate, below guidance and a reduction from the previous half year.
- Capital and exploration expenditure of $34.7 million, within the full year guidance range.
- Pre-financing cashflow increased 20% to $52.9 million compared to the previous half year.
- Reported net profit after tax of $23.6 million, impacted by a $17 million negative quarterly
This document provides an overview of Western Areas Ltd (WSA), an ASX-listed nickel producer. It discusses WSA's operations including its Flying Fox and Spotted Quoll mines and Forrestania nickel concentrator, as well as growth opportunities such as the recently acquired Cosmos Nickel Complex. The presentation provides production and cost guidance for FY2016 and highlights WSA's low-cost, high-grade operations and organic growth profile and pipeline of opportunities. It also notes WSA's strong balance sheet, experienced management team, and positioning to benefit from an improved nickel market.
This corporate presentation by Western Areas provides an overview of the company's operations, exploration and growth outlook, and nickel market. Key highlights include a low lost time injury frequency rate, nickel production in FY14 of 25,700 tonnes at a cash cost of A$2.50/lb, and FY15 guidance of 24,500-25,500 tonnes of nickel in concentrate at a cost of A$2.70-2.80/lb. The company operates two high-grade nickel mines, Flying Fox and Spotted Quoll, and a concentrator with nameplate capacity of 550,000 tonnes per annum and concentrate grades around 14% nickel.
- Western Areas Ltd is an Australian nickel miner and producer presenting on its operations and outlook.
- It operates two nickel mines, Flying Fox and Spotted Quoll, as well as a nickel concentrator, producing over 25,000 tonnes of nickel concentrate per year.
- Resources and reserves continue to increase at its mines through ongoing exploration, and production is ramping up at low cash costs below $3 per pound.
Western Areas Ltd is an Australian nickel producer that owns high grade nickel assets in Western Australia. It owns and operates the Flying Fox and Spotted Quoll mines and is exploring opportunities near its existing operations including at New Morning. It also recently acquired the Cosmos Nickel Complex which includes existing resources and infrastructure and provides an opportunity for a new integrated nickel operation. Western Areas has a track record of organic growth through exploration and is targeting further reserve and resource growth from its portfolio.
This corporate presentation by Western Areas provides an overview of the company's operations for June 2015. Key highlights include updated FY15 guidance for nickel in concentrate production to the upper end of 24,500 to 25,500 tonnes and unit cash costs of A$2.40/lb to A$2.50/lb. Production and cost metrics for the March 2015 quarter are reported, showing unit cash costs tracking below guidance. The location of Western Areas' mine site in Western Australia is noted to utilize FIFO and DIDO operations.
The presentation provides an overview of Western Areas Ltd, including:
- It discusses the company's corporate information, operations, nickel market, and growth agenda.
- Western Areas is a mid-tier nickel producer with mines in Forrestania, WA. It has a clean balance sheet with $112 million cash and is a consistent, low-cost producer.
- The presentation highlights new offtake contracts signed with Tsingshan, China's largest stainless steel producer, as well as operational improvements and growth projects underway.
This document provides an agenda and overview for a Western Areas Ltd corporate presentation. The agenda includes sections on corporate growth, nickel market outlook, operations, and a disclaimer. Key highlights include Western Areas being a high grade, low cost nickel producer with organic growth options through exploration and projects like Odysseus. The presentation also notes updated fiscal year 2017 guidance with increased production and lower costs.
This document provides a corporate presentation for Western Areas Ltd (ASX: WSA) dated April 2015. It includes the following key points:
- Western Areas is an ASX-listed nickel producer with operations located at Forrestania in Western Australia.
- Production guidance for FY2015 is updated to 24,500-25,500 tonnes of nickel in concentrate at a unit cash cost of A$2.40-2.50/lb, improved from original guidance.
- The Flying Fox and Spotted Quoll underground mines continue to deliver high grade nickel ore. Exploration drilling aims to extend resources at both mines.
- The Forrestania nickel concentrator is performing above nameplate capacity and
The document is a corporate presentation by Western Areas Ltd outlining their operations, growth plans, and the nickel market. It provides an agenda for the presentation covering corporate operations, growth and exploration opportunities, and the nickel market. It then discusses the company's operations, financial results for FY2016 including production metrics and cost guidance, and organic growth opportunities through existing mining operations and exploration projects like the Cosmos Nickel Complex.
Western Areas NL released its full year 2012 financial results and operational report. Key highlights included record nickel in concentrate sales of 26,280 tonnes and a cash cost of A$2.43/lb, which remains the best in class in Australia. Net profit after tax was A$40.2 million, impacted by a reduced nickel price. Operations included mining at the Flying Fox and Spotted Quoll mines. The acquisition of the Kagara nickel assets, which includes the high grade Lounge Lizard deposit, increased Western Areas' total high grade nickel resource.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and guidance for fiscal year 2019. Key points include plans to increase nickel production to 20,500-22,000 tonnes while maintaining costs of $2.80-3.20/lb. Major growth projects include the Odysseus mine expansion with an estimated 13,000 tonnes of annual nickel production and a 10 year mine life. The presentation also details the commissioning of the Mill Recovery Enhancement Project to produce a higher grade nickel product and open new markets.
- Western Areas Ltd reported financial results for the year ended 30 June 2016. Key highlights included achieving or exceeding upgraded guidance on production volumes, costs and capital expenditures.
- The company reported a net loss after tax of A$29.8 million, which was impacted by a lower realized nickel price of A$5.69/lb and non-core write-offs and impairments. However, underlying net loss after tax was A$16.6 million.
- Cash costs of production were A$2.26/lb, within guidance. Cash at bank was A$75.7 million and the company had no debt at the end of the financial year.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It includes sections on the nickel market, Western Areas' growth and exploration plans, operations, and key corporate information such as financial results, guidance, and new offtake contracts. The presentation discusses Western Areas' low-cost production, organic growth profile through reserve replacement and new discoveries, and strategy to manage costs and opportunities throughout the nickel price cycle.
This corporate presentation by Western Areas provides the following information:
1) Western Areas is a high-quality, low-cost nickel producer with mining operations in Western Australia and exploration assets in South Australia.
2) In the first three quarters of FY2016, Western Areas met production guidance and achieved a unit cash cost of $2.27/lb of nickel, tracking better than full-year guidance.
3) Western Areas has an organic growth profile through reserve and resource expansion at existing mines, the potential development of the Cosmos Nickel Complex, and exploration in underexplored regions with geological similarities to other major deposits.
- Western Areas is an Australian nickel mining company that presented at its corporate presentation in December 2014.
- In FY2014, Western Areas produced 28,686 tonnes of nickel in ore and 25,700 tonnes of nickel in concentrate, with a cash cost of $2.50 per pound of nickel in concentrate.
- For FY2015, Western Areas provided production guidance of 25,000-27,000 tonnes of nickel in ore and 24,500-25,500 tonnes of nickel in concentrate, with a cash cost guidance of $2.70-2.80 per pound.
Western Areas Ltd presented at the Diggers & Dealers conference on August 4th, 2014. They discussed their mining operations which include the Flying Fox and Spotted Quoll mines. Production records were set in the last fiscal year with 28,686 tonnes of nickel produced. They also discussed expansion projects, positive financial results, and existing offtake contracts for nickel concentrate.
Western Areas reported its half year results for the period ending 31 December 2015. Key highlights included nickel production of 12,508 tonnes and a unit cash cost of production of A$2.25/lb. Revenue was lower than the previous corresponding period due to a A$2.41/lb reduction in the realized nickel price. The company reported an underlying net loss after tax of A$7.8 million and generated positive operating cashflow of A$14.6 million despite the lower nickel price. Western Areas remains debt free and provided an updated cost and production guidance for the full 2016 financial year.
This corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and nickel market outlook. Key points include:
- The company produces nickel concentrate from its Flying Fox and Spotted Quoll mines in Forrestania, with a third potential mine at Cosmos approved.
- Its growth pipeline includes the Odysseus project, which has over 160,000 tonnes of nickel in reserves and is expected to produce an average of 13,000 tonnes of nickel per year.
- The Mill Recovery Enhancement Project is commissioned, producing an additional high-grade nickel product to generate value from waste tailings and target new customers.
Western Areas reported financial results for the year ended 30 June 2016. Key highlights included nickel production meeting guidance of 27,607 tonnes. Cash costs of $2.26/lb were lower than the upgraded guidance range. The realized nickel price of $5.69/lb was significantly lower than the prior year, leading to a reported net loss after tax of $29.8 million compared to a profit of $35 million in the prior year. However, the underlying net loss after tax was $16.6 million as the reported figure included $13.2 million in tax-affected write-offs and impairments related to non-core activities. Cash balances remained strong at $75.7 million and the company had no
The corporate presentation provides an agenda covering corporate operations, growth and exploration, and the nickel market. It notes Western Areas is a leading mid-tier base metal producer with high quality assets and a clean balance sheet. Guidance for FY17 was met or exceeded. FY18 guidance is also provided with a focus on value over volume given current nickel prices. Operations at Flying Fox and Spotted Quoll mines are discussed along with the Cosmic Boy concentrator. New off-take contracts and the Mill Recovery Enhancement Project are highlighted. The presentation outlines Western Areas' organic growth profile through reserve replacement, exploration and development projects like Cosmos.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It discusses the company's nickel assets, growth opportunities through exploration and projects like Cosmos, low-cost operations, and consistent production performance. Key points include Western Areas being a leading mid-tier base metals producer with high-grade, low-cost nickel mines in Australia, an organic growth profile through reserve/resource expansion and new discoveries, and a track record of managing costs and delivering on guidance through the commodity price cycle.
This corporate presentation by Western Areas provides an overview of the company's operations and financial results. It discusses the company's zero lost time injury rate and strong safety culture. Production and cost metrics for FY2015 are presented, showing marginally higher mill production but lower realized nickel prices, leading to a lower net profit compared to FY2014. The presentation also provides details on the Flying Fox and Spotted Quoll mines, the Forrestania nickel concentrator, and an approved mill recovery enhancement project.
Western Areas Ltd presented its full year results for the financial year ended 30 June 2014. Key highlights included record nickel production of 28,686 tonnes at an average cash cost of $2.50/lb, an increase in pre-financing cashflow to $63.7 million, and an underlying NPAT of $32.6 million compared to $5.6 million in the previous year. Guidance for FY2015 forecasts similar production volumes at a slightly higher cash cost of $2.70-2.80/lb and capital expenditure of $50-60 million.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It includes sections on corporate operations and growth exploration, the nickel market, and disclaimers. The presentation agenda covers corporate information, key takeaways from the previous fiscal year including production metrics and cost guidance, fiscal year 2017 guidance, a history of consistent low-cost production, organic growth opportunities through exploration and development, managing through the commodity price cycle, an overview of the global nickel market including growing demand from electric vehicles, and details on Western Areas' current mining operations and nickel concentrate production.
This document provides an overview of Western Areas Ltd's presentation at the RIU Conference on 23 February 2017. It discusses the company's corporate highlights, financial performance, operations, growth exploration outlook, and innovation in battery markets. Western Areas is a leading mid-tier base metal producer with high quality nickel assets in Australia.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and the nickel market. It discusses the company's mining operations in Forrestania including Flying Fox and Spotted Quoll mines. The presentation also outlines its Cosmos Complex project including the Odysseus mine, which has a mine life of over 10 years. Additionally, it describes growth projects such as the Mill Recovery Enhancement Project and New Morning/Daybreak resource.
This corporate presentation by Western Areas provides an overview of the company and its operations. It discloses that Western Areas is a high-quality nickel producer with organic growth options from its existing resource base in Western Australia. The presentation highlights Western Areas' track record of consistently meeting or exceeding guidance, maintaining a strong balance sheet, and focus on safe and efficient operations to manage through the commodity price cycle.
Western Areas Ltd is an Australian nickel mining company with operations in Western Australia. It operates two nickel mines, Flying Fox and Spotted Quoll, which produced 17,000 tonnes and 11,000 tonnes of nickel respectively in FY2013. The company has a proven track record of exploration success and has a mineral resource base of over 1.6Mt at Flying Fox and 3.25Mt at Spotted Quoll. Western Areas is targeting organic growth from its existing asset base and has a strong balance sheet to pursue acquisition opportunities.
This document provides an agenda and overview for a Western Areas Ltd corporate presentation. The agenda includes sections on corporate growth, nickel market outlook, operations, and a disclaimer. Key highlights include Western Areas being a high grade, low cost nickel producer with organic growth options through exploration and projects like Odysseus. The presentation also notes updated fiscal year 2017 guidance with increased production and lower costs.
This document provides a corporate presentation for Western Areas Ltd (ASX: WSA) dated April 2015. It includes the following key points:
- Western Areas is an ASX-listed nickel producer with operations located at Forrestania in Western Australia.
- Production guidance for FY2015 is updated to 24,500-25,500 tonnes of nickel in concentrate at a unit cash cost of A$2.40-2.50/lb, improved from original guidance.
- The Flying Fox and Spotted Quoll underground mines continue to deliver high grade nickel ore. Exploration drilling aims to extend resources at both mines.
- The Forrestania nickel concentrator is performing above nameplate capacity and
The document is a corporate presentation by Western Areas Ltd outlining their operations, growth plans, and the nickel market. It provides an agenda for the presentation covering corporate operations, growth and exploration opportunities, and the nickel market. It then discusses the company's operations, financial results for FY2016 including production metrics and cost guidance, and organic growth opportunities through existing mining operations and exploration projects like the Cosmos Nickel Complex.
Western Areas NL released its full year 2012 financial results and operational report. Key highlights included record nickel in concentrate sales of 26,280 tonnes and a cash cost of A$2.43/lb, which remains the best in class in Australia. Net profit after tax was A$40.2 million, impacted by a reduced nickel price. Operations included mining at the Flying Fox and Spotted Quoll mines. The acquisition of the Kagara nickel assets, which includes the high grade Lounge Lizard deposit, increased Western Areas' total high grade nickel resource.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and guidance for fiscal year 2019. Key points include plans to increase nickel production to 20,500-22,000 tonnes while maintaining costs of $2.80-3.20/lb. Major growth projects include the Odysseus mine expansion with an estimated 13,000 tonnes of annual nickel production and a 10 year mine life. The presentation also details the commissioning of the Mill Recovery Enhancement Project to produce a higher grade nickel product and open new markets.
- Western Areas Ltd reported financial results for the year ended 30 June 2016. Key highlights included achieving or exceeding upgraded guidance on production volumes, costs and capital expenditures.
- The company reported a net loss after tax of A$29.8 million, which was impacted by a lower realized nickel price of A$5.69/lb and non-core write-offs and impairments. However, underlying net loss after tax was A$16.6 million.
- Cash costs of production were A$2.26/lb, within guidance. Cash at bank was A$75.7 million and the company had no debt at the end of the financial year.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It includes sections on the nickel market, Western Areas' growth and exploration plans, operations, and key corporate information such as financial results, guidance, and new offtake contracts. The presentation discusses Western Areas' low-cost production, organic growth profile through reserve replacement and new discoveries, and strategy to manage costs and opportunities throughout the nickel price cycle.
This corporate presentation by Western Areas provides the following information:
1) Western Areas is a high-quality, low-cost nickel producer with mining operations in Western Australia and exploration assets in South Australia.
2) In the first three quarters of FY2016, Western Areas met production guidance and achieved a unit cash cost of $2.27/lb of nickel, tracking better than full-year guidance.
3) Western Areas has an organic growth profile through reserve and resource expansion at existing mines, the potential development of the Cosmos Nickel Complex, and exploration in underexplored regions with geological similarities to other major deposits.
- Western Areas is an Australian nickel mining company that presented at its corporate presentation in December 2014.
- In FY2014, Western Areas produced 28,686 tonnes of nickel in ore and 25,700 tonnes of nickel in concentrate, with a cash cost of $2.50 per pound of nickel in concentrate.
- For FY2015, Western Areas provided production guidance of 25,000-27,000 tonnes of nickel in ore and 24,500-25,500 tonnes of nickel in concentrate, with a cash cost guidance of $2.70-2.80 per pound.
Western Areas Ltd presented at the Diggers & Dealers conference on August 4th, 2014. They discussed their mining operations which include the Flying Fox and Spotted Quoll mines. Production records were set in the last fiscal year with 28,686 tonnes of nickel produced. They also discussed expansion projects, positive financial results, and existing offtake contracts for nickel concentrate.
Western Areas reported its half year results for the period ending 31 December 2015. Key highlights included nickel production of 12,508 tonnes and a unit cash cost of production of A$2.25/lb. Revenue was lower than the previous corresponding period due to a A$2.41/lb reduction in the realized nickel price. The company reported an underlying net loss after tax of A$7.8 million and generated positive operating cashflow of A$14.6 million despite the lower nickel price. Western Areas remains debt free and provided an updated cost and production guidance for the full 2016 financial year.
This corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and nickel market outlook. Key points include:
- The company produces nickel concentrate from its Flying Fox and Spotted Quoll mines in Forrestania, with a third potential mine at Cosmos approved.
- Its growth pipeline includes the Odysseus project, which has over 160,000 tonnes of nickel in reserves and is expected to produce an average of 13,000 tonnes of nickel per year.
- The Mill Recovery Enhancement Project is commissioned, producing an additional high-grade nickel product to generate value from waste tailings and target new customers.
Western Areas reported financial results for the year ended 30 June 2016. Key highlights included nickel production meeting guidance of 27,607 tonnes. Cash costs of $2.26/lb were lower than the upgraded guidance range. The realized nickel price of $5.69/lb was significantly lower than the prior year, leading to a reported net loss after tax of $29.8 million compared to a profit of $35 million in the prior year. However, the underlying net loss after tax was $16.6 million as the reported figure included $13.2 million in tax-affected write-offs and impairments related to non-core activities. Cash balances remained strong at $75.7 million and the company had no
The corporate presentation provides an agenda covering corporate operations, growth and exploration, and the nickel market. It notes Western Areas is a leading mid-tier base metal producer with high quality assets and a clean balance sheet. Guidance for FY17 was met or exceeded. FY18 guidance is also provided with a focus on value over volume given current nickel prices. Operations at Flying Fox and Spotted Quoll mines are discussed along with the Cosmic Boy concentrator. New off-take contracts and the Mill Recovery Enhancement Project are highlighted. The presentation outlines Western Areas' organic growth profile through reserve replacement, exploration and development projects like Cosmos.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It discusses the company's nickel assets, growth opportunities through exploration and projects like Cosmos, low-cost operations, and consistent production performance. Key points include Western Areas being a leading mid-tier base metals producer with high-grade, low-cost nickel mines in Australia, an organic growth profile through reserve/resource expansion and new discoveries, and a track record of managing costs and delivering on guidance through the commodity price cycle.
This corporate presentation by Western Areas provides an overview of the company's operations and financial results. It discusses the company's zero lost time injury rate and strong safety culture. Production and cost metrics for FY2015 are presented, showing marginally higher mill production but lower realized nickel prices, leading to a lower net profit compared to FY2014. The presentation also provides details on the Flying Fox and Spotted Quoll mines, the Forrestania nickel concentrator, and an approved mill recovery enhancement project.
Western Areas Ltd presented its full year results for the financial year ended 30 June 2014. Key highlights included record nickel production of 28,686 tonnes at an average cash cost of $2.50/lb, an increase in pre-financing cashflow to $63.7 million, and an underlying NPAT of $32.6 million compared to $5.6 million in the previous year. Guidance for FY2015 forecasts similar production volumes at a slightly higher cash cost of $2.70-2.80/lb and capital expenditure of $50-60 million.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It includes sections on corporate operations and growth exploration, the nickel market, and disclaimers. The presentation agenda covers corporate information, key takeaways from the previous fiscal year including production metrics and cost guidance, fiscal year 2017 guidance, a history of consistent low-cost production, organic growth opportunities through exploration and development, managing through the commodity price cycle, an overview of the global nickel market including growing demand from electric vehicles, and details on Western Areas' current mining operations and nickel concentrate production.
This document provides an overview of Western Areas Ltd's presentation at the RIU Conference on 23 February 2017. It discusses the company's corporate highlights, financial performance, operations, growth exploration outlook, and innovation in battery markets. Western Areas is a leading mid-tier base metal producer with high quality nickel assets in Australia.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and the nickel market. It discusses the company's mining operations in Forrestania including Flying Fox and Spotted Quoll mines. The presentation also outlines its Cosmos Complex project including the Odysseus mine, which has a mine life of over 10 years. Additionally, it describes growth projects such as the Mill Recovery Enhancement Project and New Morning/Daybreak resource.
This corporate presentation by Western Areas provides an overview of the company and its operations. It discloses that Western Areas is a high-quality nickel producer with organic growth options from its existing resource base in Western Australia. The presentation highlights Western Areas' track record of consistently meeting or exceeding guidance, maintaining a strong balance sheet, and focus on safe and efficient operations to manage through the commodity price cycle.
Western Areas Ltd is an Australian nickel mining company with operations in Western Australia. It operates two nickel mines, Flying Fox and Spotted Quoll, which produced 17,000 tonnes and 11,000 tonnes of nickel respectively in FY2013. The company has a proven track record of exploration success and has a mineral resource base of over 1.6Mt at Flying Fox and 3.25Mt at Spotted Quoll. Western Areas is targeting organic growth from its existing asset base and has a strong balance sheet to pursue acquisition opportunities.
Western Areas Ltd reported full year results for 2013, highlighting a net loss after tax of A$94.1 million due primarily to a non-cash impairment charge of A$99.7 million related mainly to historical exploration. However, the company achieved an underlying net profit of A$5.6 million and cash flow from operations was A$112.1 million despite a weaker Australian dollar and lower nickel price compared to the previous year. Production and unit costs were better than guidance with a cash cost of A$2.68 per pound of nickel in concentrate.
Western Areas Ltd is an Australian nickel producer that operates mines in the Forrestania region. The presentation provides an overview of the company's operations, financial results, and growth projects. It highlights Western Areas' low-cost production, strong safety record, and organic growth opportunities through exploration and potential development of the Cosmos Nickel Complex. Guidance for 2016 forecasts production of 24,000-25,000 tonnes of nickel in concentrate at a unit cash cost of A$2.25-A$2.45 per pound.
Western Areas Ltd is an Australian nickel producer with mines and exploration assets in Western Australia. The presentation provides an overview of the company's operations, financial position, and growth outlook. Key points include:
- Western Areas has a track record of discovering, developing and profitably operating nickel mines in WA, including the Flying Fox and Spotted Quoll mines.
- The company has a strong balance sheet with $200 million in cash and low-cost, high-grade nickel production.
- Western Areas is committed to organic growth from its existing asset base and exploration success in WA, as well as potential acquisitions to expand its nickel business.
This corporate presentation by Western Areas provides an overview of the company and its operations. It discusses the company's safety record, board and management, corporate details, operating mines including Flying Fox and Spotted Quoll, the Forrestania nickel concentrator and mill recovery enhancement project. The presentation aims to position Western Areas as a safe, high grade, low cost nickel producer with organic growth opportunities and exposure to rising nickel prices.
The corporate presentation provides an agenda covering corporate operations, growth and exploration, and the nickel market. It notes Western Areas' position as a leading mid-tier base metal producer with high quality assets and no debt. Key projects discussed include the Spotted Quoll and Flying Fox mines, the Odysseus project which is undergoing a DFS, and the Mill Recovery Enhancement Project. Exploration upside is seen in the Cosmos and Western Gawler regions. Production and cost guidance for FY2018 is also provided.
Western Areas Ltd is an Australian nickel producer presenting on its operations and outlook. The presentation discusses Western Areas' asset base including two nickel mines, a concentrator, and exploration properties. It provides production results for the recent quarter, cash costs below $3/lb, and outlines contracts to supply over 25,000 tonnes of nickel concentrate annually. The presentation aims to position Western Areas as a profitable producer through the nickel price cycle with an expanding reserve base and growing production.
Western Areas Ltd is an Australian nickel mining company with operations in Western Australia. The company presented highlights from its operations in the September 2013 quarter, including record production levels at its Spotted Quoll mine and its lowest unit cash costs since late 2011. Western Areas also discussed its mineral resources and reserves, noting the high grade resource at its Flying Fox mine contains 1.6 million tonnes at 5.7% nickel for over 91,000 tonnes of contained nickel.
Western Areas Ltd presented information at the Diggers & Dealers conference in Kalgoorlie, Western Australia on August 2, 2016. The presentation discussed Western Areas' nickel mining operations in Australia, the current state of the global nickel market, and the company's growth outlook. Western Areas is an established nickel producer with mining operations at Flying Fox and Spotted Quoll in Forrestania, WA. It processes ore at the Forrestania nickel concentrator.
1. Western Areas Limited is conducting an equity raising presentation to issue new shares through a placement to eligible institutional investors.
2. The presentation provides summary information about Western Areas' business, including its subsidiaries and activities, and is current as of the date presented. It should be read in conjunction with Western Areas' other regulatory disclosures.
3. The presentation contains forward-looking statements regarding Western Areas' expected cash balance, production guidance, cost guidance, and use of proceeds, but numerous factors could cause actual results to differ materially from these statements.
Western Areas Ltd is an Australian nickel producer that operates mines and a concentrator in the Forrestania region of Western Australia. The presentation provides an overview of the company's operations, financial results, growth outlook, and the nickel industry. Key points include Western Areas being Australia's lowest cost nickel producer, having profitable operations even at current low nickel prices, strong reserves and resources at its Flying Fox and Spotted Quoll mines, and being well positioned to benefit from tightening nickel concentrate supply in coming years.
Western Areas Half Year Results Presentation Feb 2013Western Areas Ltd
Western Areas Ltd reported its half year results for 2022. Key highlights included producing 14,461 tonnes of nickel at a cash cost of A$2.69/lb, generating A$48.1 million in cashflow from operations, and declaring a 2 cent interim dividend. While reported NPAT was A$2.1 million due to a non-cash write off, underlying NPAT was A$6.5 million, demonstrating the company's ability to be profitable through the nickel price cycle.
Western Areas reported improved financial results for the first half of FY2014 compared to the second half of FY2013. Key highlights included a 10% reduction in cash costs, a 20% increase in EBITDA margin to 45.6%, and a turnaround from a net cash outflow of $5.1 million in the prior period to a free cash flow of $19.2 million. Production and sales volumes were lower than the previous period due to sales being brought forward in 2H2013, but cost savings initiatives helped offset the impact on earnings. The company also had significantly lower capital expenditures compared to the prior period.
This document provides an overview of Western Areas Ltd's corporate presentation from May 2017. It discusses the company's operations, growth projects, financial position, and key highlights from the quarter. The presentation covers Western Areas' low-cost nickel production assets in Australia, organic growth options, a strong balance sheet with $112 million cash and no debt, and recently improved long-term offtake agreements. It also summarizes the pre-feasibility study for the Odysseus project, which outlines plans to develop a new nickel mine with an estimated resource of 7.3 million tonnes at 2.4% nickel.
Western Areas FY17 Financial Results Presentation Rebekah Webb
- Western Areas reported financial results for FY17 that met or exceeded upgraded guidance. Key metrics included EBITDA of $84.9 million, NPAT of $19.3 million, and cash at bank of $140.3 million.
- Operationally, mine production was 25,996 tonnes of nickel in ore and cash costs were $2.38/lb of nickel, meeting guidance.
- The balance sheet was strengthened with a debt-free position to fund growth, driven by strong free cash flow generation of $64.6 million in FY17.
Primero reported its second quarter 2015 operating and financial results. Gold production increased 10% to 54,862 ounces compared to Q2 2014, while silver production increased 44% to 2.15 million ounces. San Dimas continued to exceed expectations with production of 44,128 gold equivalent ounces. Black Fox achieved higher production of 18,362 ounces at lower costs of $762 per ounce. Primero provided production guidance for 2015 of 250,000 to 270,000 gold equivalent ounces at an all-in sustaining cost of $1,050 to $1,150 per ounce.
Primero reported its second quarter 2015 operating and financial results. Gold production increased 10% to 54,862 ounces compared to Q2 2014, while silver production increased 44% to 2.15 million ounces. San Dimas continued to exceed expectations with production of 44,128 gold equivalent ounces. Black Fox achieved higher production of 18,362 ounces at lower costs of $762 per ounce. Primero provided production guidance for 2015 of 250,000 to 270,000 gold equivalent ounces at an all-in sustaining cost of $1,050 to $1,150 per ounce.
This corporate presentation from Claude Resources provides an overview of their U.S. marketing strategies and operations for November 2015. It notes that the presentation contains forward-looking statements and information which are subject to risks and uncertainties. It also contains cautionary notes regarding the use of terms like "measured, indicated, and inferred" resource estimates. The presentation highlights Claude's Seabee gold operation in Canada which has produced over 1 million ounces of gold, their low-cost production, strong financial position with $27 million in cash and bullion, and growth plans at Seabee including from the higher grade Santoy Gap area.
- Primero reported strong first quarter 2015 results, with revenue increasing 52% over Q1 2014 to $73.3 million and gold equivalent production up 54% to 61,073 ounces.
- Production is expected to increase up to 20% in 2015 through the expansion of San Dimas mill to 3,000 tpd and productivity improvements at both San Dimas and Black Fox mines.
- The company has a strong financial position with $133 million in liquidity and an attractive portfolio of assets in Mexico and Canada.
- The document discusses Claude Resources' corporate presentation from October 2015.
- It highlights the company's focus on delivering shareholder value through production growth, being a low-cost and profitable producer, and maintaining a strong balance sheet.
- Key drivers of future performance mentioned include higher-grade ore from the Santoy Gap zone and improved efficiency from the Alimak mining method at Seabee.
This corporate presentation provides an overview of Claude Resources and its operations. It highlights record earnings in the first half of 2015, growing production and higher grades at its Seabee Gold Operation. It also outlines its focus on increasing higher margin ore to the mill from Santoy Gap and utilizing the Alimak mining method at Seabee Mine to improve efficiency. The presentation emphasizes Claude's peer leading cost performance and strong balance sheet. It provides an outlook for increased gold production and lowered unit costs guidance for 2015.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It includes sections on corporate operations, growth and exploration opportunities, and the nickel market. The document notes that Western Areas is a high-grade, low-cost nickel producer with operational cash flow positive at current prices. It has growth potential through near-mine and regional exploration projects as well as opportunities at its Cosmos Nickel Complex. The nickel market discussion indicates that the market is moving from a long period of oversupply to a forecast deficit in 2016, with increasing demand expected from electric vehicles and stainless steel applications.
2012A
2013E
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- Aurico Gold provides a presentation on their marketing strategy from January 15-20, 2014. The presentation includes forward-looking statements and cautions that actual results may differ from projections.
- The company has two core mining assets in politically stable jurisdictions with organic production growth, low costs, and long mine lives. It also has a strong balance sheet and returns capital to shareholders through dividends.
- Aurico's assets include the Young-Davidson gold mine in Canada and El Chanate gold mine in Mexico. Young-Davidson is ramping up underground production which will drive growth, while El Chanate provides stable production.
- Aurico Gold reported its Q3 2013 financial results and held a conference call and webcast on November 8, 2013.
- In Q3 2013, Aurico produced 30,099 ounces of gold, achieving a fifth consecutive quarter of production growth.
- The Young-Davidson mine declared commercial underground production on October 31, 2013, and is expected to contribute significantly to future production growth.
- Aurico remains on track to achieve its 2013 guidance of producing between 190,000 to 220,000 ounces of gold.
- The document is Aurico Gold's Q2 2014 financial results conference call presentation.
- It discusses Aurico's strong safety and production growth performance in Q2 2014, with the eighth consecutive quarter of production growth and Young-Davidson exceeding expectations.
- Cash costs for Q2 2014 were $801 per ounce, and the company is on track to generate positive free cash flow by the end of 2014.
Aurico Gold provides a presentation on its mining assets and growth plans. It has two core mining assets - the Young-Davidson gold mine in Canada and the El Chanate gold mine in Mexico. Both mines have seen consistent production growth quarter-over-quarter and year-over-year. Aurico also has a large undeveloped copper/gold project called Kemess Underground in Canada. The company aims to continue organic production growth while maintaining low costs and strong financial positioning.
Robert Kelly and Stephen Humphrys presented Steadfast Group's financial results for FY2016. Key highlights included strong earnings growth, with underlying NPATA up 45% and underlying cash EPS up 12%. Statutory NPATA was up 67%. The results demonstrated solid organic performance and growth from acquisitions. Steadfast provided FY2017 underlying NPATA guidance of $85-90 million, assuming flat market conditions.
Civil Contractors Federation SA 18 May 2016Darryl Gobbett
Darryl Gobbett's presentation to the Civil Contractors Federation explores the issues surrounding South Australia and how infrastructure can help to drive the local economy.
Conference Call and Webcast for Q2/15 - Claude Generates Record Quarterly Ear...Claude Resources Inc.
- The company reported record earnings of $10.2 million for Q2 2015, a 208% improvement over Q2 2014, due to higher gold production and grades as well as lower costs.
- Production in the first half of 2015 was 41,686 ounces, a 39% increase over the same period in 2014, with mill head grade of 9.49 g/t, also up 39%.
- Cash costs per ounce and all-in sustaining costs were down 23% and 18% respectively for the first half of 2015 compared to the same period of 2014.
The consolidated financial statements presented are consistent with international accounting standards. Non-financial information and forward-looking statements were not audited. This presentation provides an overview of Magnesita's 2015 results including revenues, sales by region and segment, gross profit, expenses, EBITDA, capital expenditures, working capital, and capital structure. Key highlights include annual revenue growth of 25% and EBITDA growth of 25% compared to 2014.
Claude Resources Inc. Q4 and 2015 Annual Conference Call and Webcast Presenta...Marc Lepage, CPIR
- Claude Resources reported record gold production and earnings in 2015, with production increasing 20% over 2014 and net earnings improving by $27.7 million.
- Key drivers of the strong performance were higher mill head grades from the Santoy Gap ore body and improved mining methods.
- The company has a strong balance sheet with $39.8 million in cash and bullion as of December 31, 2015, and is focused on expanding reserves and resources through its 2016 drilling programs.
General Shopping Brasil reported financial results for 4Q08 that showed strong growth. Revenue increased 46% year-over-year to R$30.5 million driven by increases in both rent and service revenues. Same store rent revenues grew 12.5% while vacancy rates declined. The company provided an overview of its portfolio which has grown to over 350,000m2 of GLA with several expansion and acquisition projects underway. The company also discussed positive sector trends such as the continued growth of classes B and C consumers in Brazil which represent General Shopping Brasil's target market.
NLMK - Operational Efficiency Success Story - Adam Smith Conference - Feb.2016Sergey Takhiev
This presentation by NLMK provides an overview of recent trends in the global steel market and NLMK's operations and financial performance. The global steel market has seen a decline in demand and prices due to a large increase in steel exports from China. However, NLMK has focused on improving operational efficiency through various projects, which has helped reduce costs and maintain higher profitability compared to other steelmakers. The presentation also outlines NLMK's integrated production assets and geographic diversification across Russia, Europe and the US.
Wescoal Holdings Limited presented interim financial results for the six months ended 30 September 2016. Key highlights included a 37.1% increase in revenue to R1.039 billion and a 254% increase in EBITDA to R139.3 million. Headline earnings per share increased 445% to 27.8 cents. Wescoal delivered a solid performance due to strong sales and operational efficiencies from its flagship Elandspruit colliery. Management discussed strategic priorities such as completing a BEE transaction, diversifying revenue streams, and growing Wescoal's resource base.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and the nickel market. It discusses the company's key assets including its Cosmos mining complex and Forrestania mines. Western Areas is focused on consistently producing nickel concentrate while advancing projects like Odysseus to achieve long-term growth in production and reserves. Health and safety remains a top priority as the company works to operate efficiently and responsibly.
The corporate presentation provides an overview of Western Areas' operations, growth projects, and the nickel market. It discusses the company's Flying Fox and Spotted Quoll mines, its Cosmic Boy nickel concentrator, new offtake contracts, and growth pipeline including the Odysseus project. The presentation also provides production guidance for FY19 and details on the recently completed Odysseus definitive feasibility study, which outlines an increased reserve and longer mine life.
The document summarizes an Australian nickel conference agenda and provides a disclaimer. It discusses Western Areas Ltd's Odysseus Project which includes:
- A 10+ year mine life with average annual nickel production of over 13ktpa once ramped up
- A DFS released showing a pre-production capital cost of $299m and average operating cost of $2.65/lb of nickel in concentrate
- Potential to significantly increase resources through exploration of nearby deposits and regions
This document provides an agenda and overview for Western Areas' FY18 results, FY19 guidance, and corporate presentation. It summarizes the company's FY18 financial results including a net profit of A$11.8 million and cash balance of A$151.6 million with no debt. Guidance is provided for FY19 forecasted nickel production of 20,500 to 22,000 tonnes and cash costs of A$2.80/lb to A$3.20/lb. The corporate overview section outlines the company's key nickel assets in Western Australia including its Flying Fox, Spotted Quoll, and Cosmos mining operations which contain nickel reserves and resources.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth strategy, and nickel market outlook. Key points include:
- Western Areas is a leading mid-tier nickel producer with high grade, low cost assets in Australia.
- Operations include the Flying Fox and Spotted Quoll mines which produced 24.4kt of nickel in ore in FY18.
- The company is advancing the Cosmos Nickel Complex, with a DFS nearing completion and potential for >10 year mine life producing >12.5kt Ni/year.
- Exploration is targeting resource extensions and new discoveries near existing infrastructure to provide organic growth.
This presentation provides an overview of Western Areas Ltd and its nickel operations and growth projects. It begins with disclaimers and forward-looking statements. The presentation then summarizes the company's corporate details, operations including its Flying Fox and Spotted Quoll mines, and its growth pipeline including the Odysseus project at Cosmos and the Mill Recovery Enhancement Project. It highlights the positive outlook for nickel demand from batteries and the potential nickel deficit.
The corporate presentation provides an overview of Western Areas Ltd, including its operations, growth plans, nickel market outlook, and key highlights from the fiscal year. It discusses the company's high grade, low cost nickel assets in Australia, organic growth options, strong balance sheet with no debt, and positioning to benefit from rising nickel prices. It also outlines fiscal year 2018 guidance targets for production, costs, capital expenditures, and exploration spending.
The corporate presentation provides an overview of Western Areas Ltd, including its operations, growth projects, nickel market outlook, and key performance metrics. It discusses the company's high grade, low cost nickel assets in Australia, organic growth options, strong balance sheet with no debt, and positioning to benefit from an expected recovery in nickel prices. The presentation also outlines fiscal year 2018 production and cost guidance targets.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and outlook. It discusses the company's high grade, low cost nickel assets in Australia; organic growth options like the Odysseus project and Mill Recovery Enhancement Project; and positioning to benefit from rising nickel prices. The presentation also notes zero debt, strong cash position, and consistency in delivering guidance. It provides production and cost guidance for fiscal year 2018.
This corporate presentation provides an overview of Western Areas Ltd's operations and growth strategy. It discusses the company's high grade, low cost nickel assets in Australia including the Flying Fox and Spotted Quoll mines. It also outlines the company's focus on innovation to drive efficiencies and organic growth, including through its Mill Recovery Enhancement Project. The presentation notes Western Areas' strong financial position with no debt and A$140.3 million in cash as of June 2017.
This presentation by Western Areas Ltd provides an overview of the company, the nickel market, and its operations. The key points are:
- Western Areas is an Australian nickel producer with low-cost operations and organic growth options. It has no debt and a strong balance sheet.
- The company updated its FY17 guidance to reflect higher production and lower costs compared to original guidance.
- It operates the Flying Fox and Spotted Quoll mines in Australia and has a nickel concentrator that produces a high-quality product.
- Exploration is ongoing at its existing operations and at the Cosmos Nickel Complex to add resources and extend mine life.
- The nickel market outlook is positive due to growing demand from stainless
Western Areas Ltd presented at the Australian Nickel Conference on their operations, growth projects, and the nickel market outlook. They operate the high grade Flying Fox and Spotted Quoll nickel mines in Forrestania, Western Australia, and are pursuing growth through exploration at Cosmos and Odysseus nickel deposits, as well as regional exploration. The nickel market is forecast to move into deficit over the next few years due to mine closures in Indonesia and the Philippines and growing demand for batteries from electric vehicles.
This corporate presentation by Western Areas provides an overview of the company and its operations for the fiscal year 2016:
- Western Areas met or exceeded all of its fiscal year 2016 guidance metrics, including record production at its mines and a unit cash cost of $2.26/lb of nickel.
- Production and cash costs were achieved through strong performances in the June quarter, including record mill throughput and the highest production at the Flying Fox mine.
- The company is positioned for further growth with a track record of reserve and resource expansion, as well as opportunities at its Cosmos Nickel Complex and Western Gawler projects.
- Western Areas maintains a strong balance sheet with $75.7 million in cash
Why Psychological Safety Matters for Software Teams - ACE 2024 - Ben Linders.pdfBen Linders
Psychological safety in teams is important; team members must feel safe and able to communicate and collaborate effectively to deliver value. It’s also necessary to build long-lasting teams since things will happen and relationships will be strained.
But, how safe is a team? How can we determine if there are any factors that make the team unsafe or have an impact on the team’s culture?
In this mini-workshop, we’ll play games for psychological safety and team culture utilizing a deck of coaching cards, The Psychological Safety Cards. We will learn how to use gamification to gain a better understanding of what’s going on in teams. Individuals share what they have learned from working in teams, what has impacted the team’s safety and culture, and what has led to positive change.
Different game formats will be played in groups in parallel. Examples are an ice-breaker to get people talking about psychological safety, a constellation where people take positions about aspects of psychological safety in their team or organization, and collaborative card games where people work together to create an environment that fosters psychological safety.
This presentation by Katharine Kemp, Associate Professor at the Faculty of Law & Justice at UNSW Sydney, was made during the discussion “The Intersection between Competition and Data Privacy” held at the 143rd meeting of the OECD Competition Committee on 13 June 2024. More papers and presentations on the topic can be found at oe.cd/ibcdp.
This presentation was uploaded with the author’s consent.
This presentation by Nathaniel Lane, Associate Professor in Economics at Oxford University, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
XP 2024 presentation: A New Look to Leadershipsamililja
Presentation slides from XP2024 conference, Bolzano IT. The slides describe a new view to leadership and combines it with anthro-complexity (aka cynefin).
This presentation by Professor Alex Robson, Deputy Chair of Australia’s Productivity Commission, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
This presentation by Thibault Schrepel, Associate Professor of Law at Vrije Universiteit Amsterdam University, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
This presentation by Juraj Čorba, Chair of OECD Working Party on Artificial Intelligence Governance (AIGO), was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
Carrer goals.pptx and their importance in real lifeartemacademy2
Career goals serve as a roadmap for individuals, guiding them toward achieving long-term professional aspirations and personal fulfillment. Establishing clear career goals enables professionals to focus their efforts on developing specific skills, gaining relevant experience, and making strategic decisions that align with their desired career trajectory. By setting both short-term and long-term objectives, individuals can systematically track their progress, make necessary adjustments, and stay motivated. Short-term goals often include acquiring new qualifications, mastering particular competencies, or securing a specific role, while long-term goals might encompass reaching executive positions, becoming industry experts, or launching entrepreneurial ventures.
Moreover, having well-defined career goals fosters a sense of purpose and direction, enhancing job satisfaction and overall productivity. It encourages continuous learning and adaptation, as professionals remain attuned to industry trends and evolving job market demands. Career goals also facilitate better time management and resource allocation, as individuals prioritize tasks and opportunities that advance their professional growth. In addition, articulating career goals can aid in networking and mentorship, as it allows individuals to communicate their aspirations clearly to potential mentors, colleagues, and employers, thereby opening doors to valuable guidance and support. Ultimately, career goals are integral to personal and professional development, driving individuals toward sustained success and fulfillment in their chosen fields.
This presentation by OECD, OECD Secretariat, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
This presentation by Tim Capel, Director of the UK Information Commissioner’s Office Legal Service, was made during the discussion “The Intersection between Competition and Data Privacy” held at the 143rd meeting of the OECD Competition Committee on 13 June 2024. More papers and presentations on the topic can be found at oe.cd/ibcdp.
This presentation was uploaded with the author’s consent.
This presentation by Yong Lim, Professor of Economic Law at Seoul National University School of Law, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
The importance of sustainable and efficient computational practices in artificial intelligence (AI) and deep learning has become increasingly critical. This webinar focuses on the intersection of sustainability and AI, highlighting the significance of energy-efficient deep learning, innovative randomization techniques in neural networks, the potential of reservoir computing, and the cutting-edge realm of neuromorphic computing. This webinar aims to connect theoretical knowledge with practical applications and provide insights into how these innovative approaches can lead to more robust, efficient, and environmentally conscious AI systems.
Webinar Speaker: Prof. Claudio Gallicchio, Assistant Professor, University of Pisa
Claudio Gallicchio is an Assistant Professor at the Department of Computer Science of the University of Pisa, Italy. His research involves merging concepts from Deep Learning, Dynamical Systems, and Randomized Neural Systems, and he has co-authored over 100 scientific publications on the subject. He is the founder of the IEEE CIS Task Force on Reservoir Computing, and the co-founder and chair of the IEEE Task Force on Randomization-based Neural Networks and Learning Systems. He is an associate editor of IEEE Transactions on Neural Networks and Learning Systems (TNNLS).
This presentation by Professor Giuseppe Colangelo, Jean Monnet Professor of European Innovation Policy, was made during the discussion “The Intersection between Competition and Data Privacy” held at the 143rd meeting of the OECD Competition Committee on 13 June 2024. More papers and presentations on the topic can be found at oe.cd/ibcdp.
This presentation was uploaded with the author’s consent.
This presentation by OECD, OECD Secretariat, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
2. ASX:WSAASX:WSAASX:WSA
DISCLAIMER AND FORWARD LOOKING STATEMENTS
2
This presentation is being furnished to you solely for your information and for your use and may not be copied, reproduced or redistributed to any other person in
any manner. You agree to keep the contents of this presentation and these materials confidential. The information contained in this presentation does not
constitute or form any part of any offer or invitation to purchase any securities and neither the issue of the information nor anything contained herein shall form
the basis of, or be relied upon in connection with, any contract or commitmenton the part of any person to proceed with any transaction.
The distribution of this presentation in jurisdictions outside Australia may be restricted by law, and persons into whose possession this presentation comes should
inform themselves about, and observe, any such restrictions. This is not for distribution or disseminationin the U.S.
The information contained in this presentation has been prepared by Western Areas Ltd. No representation or warranty, express or implied, is or will be made in or
in relation to, and no responsibility or liability is or will be accepted by Western Areas Ltd, employees or representatives as to the accuracy or completeness of this
information or any other written or oral information made available to any interested party or its advisers and any liability therefore is hereby expressly disclaimed.
No party has any obligation to notify opinion changes or if it becomes aware of any inaccuracy in or omission from this presentation. All opinions and projections
expressed in this presentation are given as of this date and are subject to change without notice.
This document contains forward-looking statements including nickel production targets and cost estimates. These statements are based on assumptions and
contingencies that are subject to change without notice, and certain risks and uncertainties that could cause the performance or achievements of Western Areas
Ltd to differ materially from the information set forth herein. Often, but not always, forward looking statements can generally be identified by the use of forward
looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include,
without limitation, statements regarding plans, strategies and objectives of management, anticipated production and expected costs. Western Areas Ltd
undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on
forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect
Western Areas Ltd’s view only as of the date hereof.
The information within this PowerPoint presentation was compiled by Western Areas management, but the information as it relates to mineral resources and
reserves was prepared by Mr. Dan Lougher and Mr. Andre Wulfse. Mr. Lougher and Mr. Wulfse are full time employees of Western Areas Ltd. Mr. Lougher and Mr.
Wulfse are members of Australian Institute of Mining and Metallurgy (AusIMM) and have sufficient experience which is relevant to the style of mineralisation and
type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 Edition of the
‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’(2012 JORC Code). Mr. Lougher and Mr. Wulfse consent to the
inclusion in this presentation of the matters based on the information in the form and context in which it appears. The information contained in this presentation
in relation to the New Morning Deposit was prepared and first disclosed under the 2004 Edition of the JORC Code. It has not been updated since to comply with
the 2012 JORC Code on the basis that the informationhas not materiallychanged since it was last reported.
For the Purposes of Clause 3.4(e) in Canadian instrument 43-101, the Company warrants that Mineral Resources which are not Mineral Reserves do not have
demonstrated economic viability.
5. ASX:WSAASX:WSAASX:WSA
KEY TAKEAWAYS – FULL YEAR
5
LTIFR of 0.00 – one of the lowest in the mining industry
26,524t nickel in ore production averaging 4.9% nickel grade
Nickel contained in concentrate sold of 26,036t
A$2.31/lb (US$1.94/lb) cash cost in concentrate (upgrade guidance was A$2.40/lb to A$2.50/lb):
Remains best in class in Australia
Significant reduction over the prior year of A$2.50/lb
Capital, Mine Development and Exploration Expenditure incurred A$71.7m:
Within the lower full year guidance range of A$70m to A$80m
Operating Cashflow of A$148.5m:
27% increase of A$31.4m versus FY14, despite A$0.33/lb decrease in the nickel price
Operating cashflow (after capex) up 21%, despite an increase of A$18.5m in total capex
Reported NPAT of A$35.0m:
Realised nickel price reduction leading to negative Quotational Pricing (QP) of A$27.8m before tax
QP was adjusted for the July 2015 nickel price movement – impact on revenue was -A$5.1m
Net cash increased A$60.0m to A$70.4m from FY14
Fully franked final dividend of 4 cents, bringing full year to 7 cents (FY14: 5 cents)
6. ASX:WSAASX:WSAASX:WSA
FINANCIAL SNAPSHOT
6
Mill production marginally
higher with slightly higher
recovery
Unit costs continue to
reduce lowest in 3 years
Realised nickel price
decreased A$0.33/lb from
FY14
Lower nickel price and
negative QP of A$27.0m
in FY15
Lower absolute costs and
improved working capital
Improved cashflow and
debt reduction allowed
for increased total
dividend
Improved NPAT from
operating and borrowing
cost reductions
Full Year Highlights FY 2014 FY 2015
Mill Production (tonnes Ni) 25,700 25,801
Recovery 89% 90%
Sales Volume (tonnes Ni) 25,756 26,036
Cash Costs (A$/lb) 2.50 2.31
Realised Nickel Price (A$/lb) 8.20 7.87
Nickel Revenue 320,078 312,680
EBITDA ('000) 155,914 131,469
EBIT ('000) 69,319 65,408
NPAT ('000) 25,460 35,013
Operating Cashflow 117,030 148,469
Net Cash ('000) 10,337 70,355
Dividend (cents) 5.0 7.0
7. ASX:WSAASX:WSAASX:WSA
INCOME STATEMENT
7
Commentary
FY15 nickel price was down A$0.33/lb versus
FY14.
Nickel price impact on QP for FY15 totalled
negative A$27.7m versus positive QP movement
in FY14 of A$26.7m.
Excluding QP movements between financial
years, absolute cost out initiatives delivered in
FY15, as evidenced by a reduction in unit costs.
Royalty payments increased with more Lounge
Lizard ore from the Flying Fox mine in FY15.
D&A reduced due to lesser ore tonnes moved
with higher grade experienced and prior year ore
stockpiles milled.
Interest expense reduced in line with a reduction
in convertible bond debt.
Reported NPAT up 37.5% despite a lower nickel
price.
Total fully franked dividends increased and
represents a payout ratio of 46.6% of NPAT in
FY15.
Earnings Data ($'000) FY 2014 FY 2015
Realised Nickel Price (A$/lb) 8.20 7.87
Revenue 320,078 312,680
EBITDA 155,914 131,469
Depreciation & Amortisation (83,479) (65,813)
Impairment (3,116) (247)
EBIT 69,319 65,408
Interest Expense (26,592) (15,472)
Tax (12,309) (13,053)
Underlying NPAT 30,418 36,883
FinnAust expenditure (4,958) (1,870)
NPAT 25,460 35,013
Dividend (cents) 5.0 7.0
Earnings per share (cents) 12.2 15.1
9. ASX:WSAASX:WSAASX:WSA
NICKEL PRICE MOVEMENTS & QUOTATIONAL PRICING
9
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
$22,000
24 Month Nickel Price
Nickel price (USD) Nickel price (AUD)
-30.0
-20.0
-10.0
0.0
10.0
20.0
30.0
1HFY14
2HFY14
FY14
1HFY15
2HFY15
FY15
Revenue impact of QPA$m
Commentary
Over the last 2 years, QP has had a
negative net cumulative impact of
only A$1.1m.
Can be volatile in the year of
reporting depending on nickel price
trend.
Should consensus forecasts occur in
FY16, QP will be positive due to the
low starting point.
$/tonne
10. ASX:WSAASX:WSAASX:WSA
CASHFLOW STATEMENT
10
Commentary
Operating cashflow A$31.4m higher due to
lower operating and interest costs, despite a
lower nickel price.
Exploration spend lower in FY15, mainly due
to cost reductions in drilling.
Mine development increased A$13.0m in
FY15 reflecting a planned slowdown in FY14
when the USD exchange rate was around
1.05.
Increased capital expenditure of A$9.1m
mainly reflects the completion of a new
paste fill plant (A$6.2m) for Flying Fox in
FY15.
Dividends increased in FY15 as debt
reduction reduced interest costs and
profitability improved – met the Company’s
commitment to improve returns.
A$95.2m of convertible bonds paid out with
the last tranche of A$125.0m, settled on 2
July 2015.
Cashflow Statement ($'000) FY 2014 FY 2015
Operating Cashflow 117,030 148,469
Less:
Exploration (17,035) (15,723)
FinnAust Investment (2,370) -
Mine Development (29,438) (42,403)
Capital Expenditure (4,533) (13,650)
Pre-Financing Cashflow 63,654 76,693
Investment activities (406) (117)
Proceeds from Share Issues 106,342 -
Proceeds/(Costs) from Financing (2,449) (279)
Dividends Paid (2,323) (16,281)
Repayment of convertible bond (15,000) (95,198)
Net Cashflow 149,818 (35,182)
Cash at Bank 230,537 195,355
12. ASX:WSAASX:WSAASX:WSA
BALANCE SHEET
12
Commentary
Net Cash improved A$60.1m to A$70.4m
following a strong cash generation year.
Capital Management strategy completed 2
July:
A$95.2m CB repaid 2 July 2014;
A$125.0m CB repaid (post year end)
on 2 July 2015;
A$110.0m finance facility from ANZ
fully undrawn; and
Borrowing cost improvement of
around A$12.5m in FY16.
Company debt free from 2 July 2015.
Company is poised for growth into FY16:
Cosmos Nickel Complex;
Mill Enhancement Recovery Project;
Forrestania organic growth; and
Western Gawler exploration – South
Australia.
Balance Sheet FY 2014 FY 2015
Cash at Bank 230,537 195,355
Receivables 31,261 15,974
Stockpiles & Inventory 39,207 23,407
Property, Plant and Equipment 102,290 99,981
Exploration & Evaluation 47,008 60,979
Mine Development 206,434 200,453
Other 1,798 1,460
TOTAL ASSETS 658,535 597,609
Trade & Other Payables 31,318 29,364
Income tax & Other Current Provisions 12,686 12,694
Short Term Borrowings 95,200 126,568
Long Term Borrowings 117,535 -
Rehabilitation & Other Long Term Provisions 12,798 13,733
Deferred tax liability 11,242 14,135
TOTAL LIABILITES 280,779 196,494
SHAREHOLDERS EQUITY 377,756 401,115
13. ASX:WSAASX:WSAASX:WSA
FY16 GUIDANCE
13
Comments
Mine and mill physicals broadly in line with FY15 results
Aggressive initial unit cash cost guidance of A$2.30/lb to A$2.50/lb
Prior year guidance of A$2.70/lb to A$2.80/lb
Some reclassification of costs – slightly more operating than physicals
Sustaining capex reducing – trend to continue in future years
Mill Enhancement and Cosmos about positioning the Company for the future
Guidance FY15 Actual FY16 Guidance
Mine Production (Nickel in Ore - tonnes) 26,524 25,000 to 27,000
Nickel in Concentrate Production (tonnes) 25,801 24,000 to 25,000
Unit Cash Cost of Production (In Concentrate) A$2.31/lb A$2.30 /lb to A$2.50/lb
Sustaining Capex A$57.5m A$45.0m
Forrestania and Regional Exploration A$14.2m A$15.0m
Mill Enhancement* n/a A$22.0m
Cosmos Exploration and Study Work n/a A$7.0m
*Assumes project is fully completed in FY16
15. ASX:WSAASX:WSAASX:WSA
Share price 2.70
52 week high/low (A$) 4.96 / 2.70
Shares outstanding (m) 233.2
Market Capitalisation (A$m) 629.6
Cash (A$m)1 70.6
Debt (A$m)1 NIL
ANZ Facility NIL
CORPORATE OVERVIEW
15
Key Information 17 August 2015
Board & Senior Management
Name Position
Ian Macliver Independent Non-Executive Chairman
Dan Lougher Managing Director & CEO
David Southam Executive Director
Joseph Belladonna
Chief Financial Officer & Company
Secretary
Julian Hanna Non-Executive Director
Richard Yeates Independent, Non-Executive Director
Craig Readhead Independent, Non-Executive Director
Tim Netscher Independent, Non-Executive Director
1. Cash as at 30 June 2015 A$195.6m LESS the face value of the convertible bond debt A$125m
16. ASX:WSAASX:WSAASX:WSA
AUSTRALIA‘S PREMIER NICKEL COMPANY
Zero Lost Time Injury Frequency Rate
High Grade, Low Cash Cost Nickel Producer
Strong Organic Growth Portfolio
Debt Free Dividend Payer
16
Cash Flow Positive in Current Nickel Price
Robust Balance Sheet, Positioned to Grow
Exploration & Discovery Upside
Leveraged to Forecast Nickel Price Rise
17. ASX:WSAASX:WSAASX:WSA
BUILDING THE PLATFORM
17
Production Development Discovery & Exploration
Flying Fox
Spotted Quoll
Mill Recovery Enhancement
Project
Odysseus PFS
New Morning
Forrestania
Cosmos Nickel Complex
Western Gawler JV
Spotted Quoll face at average 10.6% Nickel Sulphide
18. ASX:WSAASX:WSA
WESTERN AREAS VALUE EQUATION
18
• High Grade =
Margin
• Lowest Quartile
Cash Costs
Highest Grade
Nickel Globally
• Consistent
returns to
shareholders in
Dividends
Cash flow
Positive
• Guidance
continually met
or exceeded
Strong Track
Record of
Delivery
• Zero Lost Time
Injuries in past
12 months
Safety
• Pipeline of
growth
opportunities
Growth
• Fundamentals
and forecasts
positioned to
rebound
Nickel Price
Primed for
Upside
• New mine
successfully
brought on in
24 months
History of
Discovery and
Development
• Debt free and
maximum
flexibility
Strong Balance
Sheet
20. ASX:WSAASX:WSAASX:WSA
WESTERN AREAS ARE SAFE AREAS
Continuous Safety Improvement
LTIFR – ZERO at 30 June 2015
Flying Fox > 720 days LTI free
Spotted Quoll > 1,538 days LTI free
Exploration > 2,555 days LTI free
Cosmic Boy Concentrator > 737 days LTI free
Contractors and employees fully integrated
into a site wide commitment
Environment & Social
Strong local commitments to schools and
associations around Forrestania,
Perth Zoo (Western Quoll) and Starlight Children’s
Foundation WA
20
0.0
0.5
1.0
1.5
2.0 FNO 12 MONTH LTIFR MOVING AVERAGE
LTIFR
22. ASX:WSAASX:WSAASX:WSA
FLYING FOX MINE
Mineral Resource and Ore Reserve
Resource and Reserve Upgrade 30 June 2015:
Added 7,596 nickel tonnes after depletion of 12,904
nickel tonnes in FY15
Effective increase of 20,500 nickel tonnes
High Grade (excluding disseminated sulphide resource)
Mineral Resource: 1.9Mt @ 5.2% Ni containing 101,493
Ni Tonnes
Ore Reserve: 1.5Mt @ 4.2% Ni containing 64,146 Ni
Tonnes
Reserve life has a demonstrated history of replenishment
FY15 production was 264,339t @ 4.9% Ni for 12,904t
nickel tonnes
Added OTZ South Massive Zone – 182,898t @ 4.1% Ni for
7,417 nickel tonnes
22
23. ASX:WSAASX:WSAASX:WSA
SPOTTED QUOLL MINE
Mineral Resource and Ore Reserve
Mineral Resource: 2.7Mt @ 5.7% Ni containing
150,073 Ni tonnes
Ore Reserve: 2.7Mt @ 4.1% Ni containing 110,147
Ni tonnes
Remains open at depth and to the North
Already around a 10 year mine life on Reserve
Production
FY15 – 275,929t @ 4.9% Ni for 13,620t nickel tonnes
Top-down mining using paste fill
23
24. ASX:WSAASX:WSAASX:WSA
FORRESTANIA NICKEL CONCENTRATOR
Concentrator Summary
Current nameplate capacity of 550,000tpa of ore but is achieving
throughput 10% above capacity
Nickel concentrate output circa 25,000tpa Ni
Concentrate grades of around 14.0% Ni
Premium blending product (Fe/Mg ratio >15:1)
Desirable to smelters
14,000t of concentrate storage capacity
Export Infrastructure and Logistics
Access to >1400 sealed shipping containers
No environmental issues
Using 25 trucks for concentrate transportation
Shipping contract in place, FOB Esperance Port
24
26. ASX:WSAASX:WSAASX:WSA
MILL RECOVERY ENHANCEMENT PROJECT
Project approved – 20 July 2015
Increase average nickel recoveries from 3% to 5% over the
life of mine
Up to an additional 1,200 nickel tonnes/annum
A$22m project with 6 month construction time
GR Engineering appointed under EPC with guaranteed
maximum price arrangement
Unit cash operating cost A$2.42/lb in concentrate
IRR of 39% and payback of 39 months using consensus
pricing (US$8.68lb @ A$0.80)
Long lead item orders being placed and detailed engineering
commenced – initial commitment A$7m
The treatment of the Flash Cleaner Stream utilises the
BioHeap® cultures on a continuous basis produced from a
Bacterial farm
Very short residence time of 5-7 days
Sulphide precipitation circuit produces a high grade nickel
sulphide product (~50% nickel)
26
27. ASX:WSAASX:WSAASX:WSA
JUNE 2015 QUARTERLY REPORT
Some Facts
ALL FY15 GUIDANCE METRICS BEATEN
LTIFR - ZERO
Record milled tonnes and highest quarter
nickel in concentrate production
Unit cash cost of production the lowest
quarter all year at A$2.19/lb (US$1.71/lb)
– full year A$2.31/lb (US$1.94/lb)
Positive reconciliation to reserve a
continued feature
Exceptional consistency and 4.5 years
without a guidance miss
Free cash flow generated with cash at
bank ending at A$195.6m
27
YTD
Sep Qtr Dec Qtr Mar Qtr Jun Qtr Total
Flying Fox
Ore Tonnes Mined Tns 65,097 64,122 72,144 62,976 264,339
Grade Ni % 5.2% 4.9% 4.6% 4.9% 4.9%
Ni Tonnes Mined Tns 3,384 3,114 3,330 3,076 12,904
Spotted Quoll - Underground
Ore Tonnes Mined Tns 68,446 68,324 70,590 68,569 275,929
Grade Ni % 4.8% 5.1% 4.8% 5.1% 4.9%
Ni Tonnes Mined Tns 3,276 3,483 3,372 3,489 13,620
Total - Ore Tonnes Mined Tns 133,543 132,446 142,734 131,545 540,268
Grade Ni % 5.0% 5.0% 4.7% 5.0% 4.9%
Total Ni Tonnes Mined Tns 6,660 6,597 6,702 6,565 26,524
YTD
Sep Qtr Dec Qtr Mar Qtr Jun Qtr Total
Ore Processed Tns 153,474 152,407 145,933 157,913 609,727
Grade % 4.7% 4.7% 4.7% 4.7% 4.7%
Ave. Recovery % 90% 90% 90% 89% 90%
Ni Tonnes in Concentrate Tns 6,511 6,434 6,180 6,676 25,801
Ni Tonnes in Concentrate Sold Tns 6,648 6,246 6,452 6,690 26,036- - - -
Total Nickel Sold Tns 6,648 6,246 6,452 6,690 26,036
Sep Qtr Dec Qtr Mar Qtr Jun Qtr YTD
Group Production Cost/lb
Mining Cost (*) A$/lb 1.82 1.55 1.64 1.62 1.66
Haulage A$/lb 0.06 0.06 0.06 0.05 0.06
Milling A$/lb 0.44 0.43 0.46 0.40 0.43
Admin A$/lb 0.20 0.21 0.18 0.14 0.18
By Product Credits A$/lb (0.02) (0.02) (0.02) (0.02) (0.02)
Cash Cost Ni in Con (***) A$/lb 2.50 2.23 2.32 2.19 2.31
Cash Cost Ni in Con/lb (***) US$/lb (**) 2.31 1.91 1.82 1.71 1.94
Exchange Rate US$ / A$ 0.93 0.86 0.79 0.78 0.84
2014/2015
2014/2015
Tonnes Mined
Tonnes Milled and Sold
Financial Statistics
2014/2015
29. ASX:WSAASX:WSAASX:WSA
NICKEL PRICE DRIVERS
There are a number of factors that influence the nickel price including:
1. LME nickel inventories
2. Cost and capacity of Chinese nickel pig iron (“NPI”) production
3. Indonesian nickel laterite export ban / Philippine response
4. Global stainless steel demand
What we believe is occurring:
Chinese Indonesian laterite ore stocks will run out by the end of CY15
Philippine exports have increased, but high grade exports are falling
NPI producers blending ores, but cost of production has increased – currently not making money
LME stockpile, after significant increases, have flattened and recently fallen
Stainless steel demand on balance remains strong in China, however significant de-stocking over the first half of
CY15 has occurred
29
The fundamental market conditions and forecasts point to a nickel price rally in Q4, CY15
31. ASX:WSAASX:WSAASX:WSA
NICKEL MARKET DYNAMICS
31
Indonesia in a unique position in respect of high
Ni grade, low Fe product
The Indonesian ban appears to be permanent
Meaningful production in Indonesia many years
away
Nickel market deficits set to commence toward
the end of CY15, assuming 4% nickel demand
New Caledonia ore is used in Country and only
exported to owners in Japan and Korea
The export of high grade Filipino ore is reducing
– lifts cost profile for Chinese NPI
Source: Glencore
World Saprolite Resources (Mt Ni contained)
52
84 74
42
29
133 172
18099
99
90
99
0
50
100
150
200
250
300
350
2013 2014 2015F 2016F
'000tNi
Chinese imports of nickel ore
from Philippines
HG (1.8% Ni) MG (1.45% Ni) LG (0.9% Ni)
Source: Macquarie
33. ASX:WSAASX:WSAASX:WSA
CHINESE NPI PRODUCTION FALLING
33
Source: Macquarie Research, July 2015
40
70 80
20
120
154
59
80
95
16
-
-
365
210
50
500
480
385
-
-
6
-
50
100
150
200
250
300
350
400
450
500
2013 2014 2015f
'000tNi
Estimated Chinesenickelpig iron production by
ore source
Philippines HG Philippines MG Philippines LG
Indonesian LG Indonesian HG Sulphide concs
0
100
200
300
400
500
600
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
'000tniannualised
Estimated monthlyChinese nickelpig iron
production
Chinese NPI production held up in 2014 based on Indonesian ore destocking
and more Filipino ore – fall now happening
36. ASX:WSAASX:WSAASX:WSA
FORRESTANIA TENEMENTS
Regional Geology
120km strike length (900 sq km) of prospective
Forrestania Nickel Project, within 400km long nickel
province
Total endowment of 29.97Mt at 2.28% Ni for 684k Ni
tonnes
Nickel sulphide deposits and most occurrences in two
belts (Eastern and Western)
Western Ultramafic Belt hosts the high grade Flying Fox,
Spotted Quoll and New Morning deposits
36
37. ASX:WSAASX:WSAASX:WSA
SHORT TERM – NEAR MINE EXPLORATION
Exploration spend in FY16 likely >$20m.
Drilling priority within 8km long zone (below). New discovery would access existing mine infrastructure.
Systematic approach.
37
38. ASX:WSAASX:WSAASX:WSA
NEW MORNING
2.5km from Flying Fox and 2.8km from Spotted Quoll
All material approvals in place, potential major capex
savings and accessible from either mine
Open Pit and shallow underground studies commenced
Massive sulphide Indicated Resource of 321.8kt @ 3.7%
nickel
Significant intersections:
4.4m @ 7.4% nickel including 3.6m @ 8.7% nickel
3.0m @ 6.3% nickel including 2.4m @ 7.6% nickel
1.5m @ 5.6% nickel including 0.7m @ 10.2% nickel
Recent shallow hit of 54m @ 1.7% nickel from 38m
(including 2.5m
@ 5.0% nickel)
38
39. ASX:WSAASX:WSAASX:WSA
WESTERN GAWLER JOINT VENTURES
Two separate Farm-In Agreements with Gunson
Resources Ltd (Strandline Resources Limited) and
Monax Mining Ltd:
A$0.8m on each to earn 75% over 2 years
Further A$0.4m on each for 90% over additional
18 months
Close to existing infrastructure
Total area 2,746km2
First mover advantages targeting massive high grade
poly-metallic mineralisation
Potential to host mafic-ultramafic intrusive related
deposits
High resolution airborne geophysics completed
(57,477km were flown)
Numerous features likely to represent large mafic-
ultramafic intrusions
Access approvals finalised
RC drilling commenced July 2015
39
40. ASX:WSAASX:WSAASX:WSA
COSMOS STRATEGIC RATIONALE & SUMMARY
Strategic Rationale
1. Plays to WSA’s core strengths
2. Right street address
3. WSA approach to exploration will be different
4. Potential 2nd operation
5. Full infrastructure and facilities
6. Future potential concentrate blending
7. Low cost entry
8. WSA’s ability to fund from existing cash
9. WSA ready to hit the ground running Day 1
Transaction Summary
1. 100% Asset acquisition of the Cosmos Nickel
Complex
2. A$24.5m purchase price with deferred
payments:
a. A$11.5m on close;
b. A$7.0m nine months post close; and
c. A$6.0m eighteen months post close
40
41. ASX:WSAASX:WSAASX:WSA
COSMOS NICKEL COMPLEX
26 mining and infrastructure tenements - 88km2
17km long ultramafic sequence:
o Dominated by high MgO ultramafic rocks
High tenor nickel sulphide belt – up to 30% nickel:
o Similar to Forrestania, higher than Leinster
o Mining grades around 5% Nickel
Deposits hosted within felsic volcanic rocks:
o Low ‘false positives’ for geophysics
o Electromagnetic (EM) conductors represent
nickel sulphides
Under-explored outside of mine environment:
o Lake Miranda and Miranda Well
Proximal to BHPB Nickel Assets:
o Leinster Nickel Operations
o Yakabindie
o Camelot Nickel Camp
41
42. ASX:WSAASX:WSAASX:WSA
A
A
BB North
Plan Map - Magnetics
Longsection
OD Far North
Prospero
Alec Mairs
Lake Miranda Area
Key
Odysseus
COSMOS BELT POTENTIAL
Low Exploration
Maturity
Cosmos
No historical
deep drilling
or
geophysics
Hercules
2km
Limited
deep drilling
and
geophysics
Huge volume of
untested
ultramafic
No historical
deep drilling
or
geophysics
42
43. ASX:WSAASX:WSAASX:WSA
ODYSSEUS COMPLEX AND OTHER RESOURCES
Longitudinal Section – Looking West
AM6 (unmined)
2Mt @ 2.6% Ni (53Kt Ni)
Odysseus
4.0Mt@ 2.2% Ni (88Kt Ni)
Odysseus North
3.2Mt@ 2.5% Ni (81Kt Ni)
Cosmos Deeps
Cosmos
AM1
Untested EM Plates
OdysseusDeposits:
7.3Mt @ 2.4% Ni (174Kt Ni)
5.4m @ 12% Ni
15.6m @ 3.9% Ni
Odysseus Massive
48Kt @ 11.6% Ni (5Kt Ni)
Mt Goode
52.9Mt@ 0.62% Ni (327Kt Ni)
AM5(partially mined)
0.5Mt@ 2.6% Ni (13Kt Ni)
- 250m
- 500m
- 750m
- 1,000m
Actual decline infrastructure
43