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 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.
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.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth strategy, and outlook. It discusses the company's high-grade nickel assets in Australia, record of safety and production, strong balance sheet with no debt, and organic growth options through exploration and projects like the new Odysseus mine and Mill Recovery Enhancement Project. The presentation also notes increasing demand for nickel from the lithium-ion battery and electric vehicle sectors.
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 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.
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.
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.
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.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth strategy, and outlook. It discusses the company's high-grade nickel assets in Australia, record of safety and production, strong balance sheet with no debt, and organic growth options through exploration and projects like the new Odysseus mine and Mill Recovery Enhancement Project. The presentation also notes increasing demand for nickel from the lithium-ion battery and electric vehicle sectors.
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 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.
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.
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 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.
- 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.
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.
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 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.
- 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 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 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.
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
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 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 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.
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.
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 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.
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.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth plans, and nickel market outlook. It discusses the company's high grade nickel assets in Australia, recent production results, cost guidance for 2018, and organic growth opportunities through exploration and potential new mines such as Cosmos. The presentation also outlines initiatives to increase mill recoveries and secure new off-take agreements to create additional value from its nickel products.
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 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.
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 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 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.
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.
- 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.
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.
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 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.
- 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 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 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.
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
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 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 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.
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.
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 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.
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.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth plans, and nickel market outlook. It discusses the company's high grade nickel assets in Australia, recent production results, cost guidance for 2018, and organic growth opportunities through exploration and potential new mines such as Cosmos. The presentation also outlines initiatives to increase mill recoveries and secure new off-take agreements to create additional value from its nickel products.
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 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.
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 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 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.
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 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 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.
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.
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.
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.
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.
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 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.
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.
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
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 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.
Diggers & Dealers Presentation Aug 2017Rebekah Webb
Western Areas Ltd presented information on its Diggers & Dealers conference presentation in Kalgoorlie, August 2017. The presentation included disclaimers about forward-looking statements and mineral resources. It provided an overview of the company's corporate information, operations at its Flying Fox and Spotted Quoll mines, and its Cosmic Boy Nickel Concentrator. It also discussed its innovation and success through new offtake contracts, the Mill Recovery Enhancement Project, and optimizing operations.
This document provides an overview of Q4 and annual financial results for 2011, as well as an outlook for 2012. Key highlights include:
- Revenues of $19.9 million for Q4 2011 and $69.7 million for the full year.
- Gold production of 11,855 ounces for Q4 2011 and 44,632 ounces for the full year.
- Cash costs per ounce of $1,130 for Q4 2011 and $908 for the full year.
- Forecast gold production of 50,500 ounces for 2012 with initial production from the L62 zone in the second half of the year.
- Exploration program of 130,000 meters of drilling at Seab
Sage march 2013 investor presentation currentSagegold
Sage Gold's short term plan is to develop the existing resource at their Clavos deposit to generate cash flow through near term production. A Preliminary Economic Assessment shows a robust project with a 71% pre-tax IRR. Existing infrastructure and permits are in place to begin re-opening the Clavos mine in 2013. Sage also has a JV with St Andrew Goldfields providing access to a mill and existing underground development at the Clavos property in the prolific Timmins gold camp of Ontario. The updated NI43-101 shows indicated resources of 194,600 ounces and inferred resources of 120,000 ounces of gold at the Clavos deposit.
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.
This document provides an overview of Alexco Resource Corp., Canada's only primary silver producer. Some key points:
- Alexco owns the historic Keno Hill Silver District in Yukon, Canada and produced 2.2 million ounces of silver in 2012.
- It is developing two new mines at Keno Hill, with over 55 million ounces of silver resources identified to date.
- As of September 2012, Alexco had $26.7 million in cash and no debt, allowing it to continue developing its projects.
- In the first three quarters of 2012, Alexco reported revenues of $64.4 million and income before taxes of $7.2 million.
- Its flagship project
This document provides an overview of Alexco Resource Corp., Canada's only primary silver producer. Key points include:
- Alexco owns the historic Keno Hill Silver District in Yukon, Canada and produced 2.2 million ounces of silver in 2012.
- The company is developing the Lucky Queen and Onek projects near its mill and is evaluating the historical Elsa Tailings project.
- Alexco has a healthy cash position with no debt and cash from operations of $16.1 million for the first nine months of 2012.
- The company's focus is on optimizing operations at its Bellekeno mine while advancing development projects in its pipeline.
1) Lake Shore Gold produced 18,833 ounces of gold in Q3 and is on track to meet its 2011 target of 85,000 ounces.
2) Cost performance was strong in Q3 with cash costs of $94 per tonne or $884 per ounce.
3) The company continues to advance five deposits that could each contain over one million ounces of gold: Timmins, Thunder Creek, Bell Creek, Thorne, and Fenn-Gib.
4) Lake Shore Gold expects to significantly grow its resource base by the end of 2011 with initial resource estimates from Thunder Creek and Fenn-Gib.
Third Quater 10 November 2011 Conferance CallLake Shore Gold
1) Lake Shore Gold produced 18,833 ounces of gold in Q3 and is on track to meet its 2011 target of 85,000 ounces.
2) Cost performance was strong in Q3 with cash costs of $94 per tonne or $884 per ounce.
3) The company continues to advance five deposits that could each contain over one million ounces of gold: Timmins, Thunder Creek, Bell Creek, Thorne, and Fenn-Gib.
4) Lake Shore Gold expects to significantly grow its resource base by the end of 2011 with initial resource estimates from Thunder Creek and Fenn-Gib.
This document provides an overview of Alexco Resource Corp., Canada's only primary silver producer. Key points include:
- Alexco owns the historic Keno Hill Silver District in Yukon Territory and is developing the Bellekeno, Lucky Queen, and Onek mines.
- In 2012, Alexco produced 2.15 million ounces of silver from its Bellekeno mine.
- Alexco has indicated silver resources of 51.3 million ounces and is focusing on growing resources through exploration and developing other projects in its pipeline.
- The company has a strong cash position with $26.7 million in cash and no debt as of September 2012. Operations have been cash flow positive.
Symposium resources roadshow white rock minerals geoff loweSymposium
White Rock Minerals Ltd is an Australian mining company focused on developing its Mt Carrington gold and silver project located in New South Wales, Australia. The project contains a February 2012 resource estimate of 284,000 ounces of gold and 23.3 million ounces of silver. White Rock has $4.5 million in cash and no debt as of December 31, 2011. Managing Director Geoff Lowe presented details on the project's history, resources, exploration potential, and plans for 2012.
The corporate presentation provides an overview of Claude Resources and its operations. It highlights the company's record of producing over 1 million ounces of gold from its Seabee Gold Operation. It also summarizes the company's strong operating and financial results in 2014, which included record gold production and lower costs. Looking ahead, the company expects continued production growth and margin improvement in 2015.
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.
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 company reported record second quarter results including record gold and silver production, profit margins, operating cash flow, and silver sales at spot prices.
- Production and financial guidance for 2012 was increased, with gold equivalent production expected to be between 110,000-120,000 ounces and cash costs reduced.
- The company has a strong balance sheet with $126 million in cash and low debt. Exploration success and opportunities to optimize and expand existing mines are expected to further increase reserves and production.
Torex Gold is developing the Morelos Gold Project in Mexico. The feasibility study shows it will be a robust project producing an average of 375,000 ounces of gold per year over its mine life of 10.5 years. Torex is focusing exploration efforts on expanding resources at the nearby Media Luna Area, which has returned promising drill results indicating potential to increase the project's mine life and annual production. The project has strong economics even at lower gold prices, but Torex will need to manage risks such as permitting, financing, and construction to bring the mine into production as planned in 2015.
The document provides an overview of Aurico Gold's commitment to shareholder value creation. It summarizes Aurico's high quality, low cost asset base which includes the Young-Davidson and El Chanate mines. It also discusses Aurico's organic production growth profile, strong balance sheet, and shareholder friendly initiatives such as its dividend policy. The document contains forward-looking statements and notes that actual results may differ materially from projections. It also cautions US investors regarding the use of measured, indicated and inferred resource terminology.
This corporate presentation from Orvana Minerals Corp. provides an overview of the company's operations and financial performance. Orvana operates gold and copper mines in Bolivia and Spain, including its recently commissioned Upper Mineralized Zone deposit. The presentation summarizes Orvana's key assets and growth projects, financial results, production forecasts, and mineral reserve and resource estimates. It also outlines various risk factors and forward-looking statements regarding the company's plans and estimates.
Lake Shore Gold provided an operational and financial update for Q4 and full year 2011. Key highlights included doubling gold production to 86,565 ounces and doubling resources for a second consecutive year. The company is focused on ramping up mining and milling capacity to 3,000 tonnes per day by late 2012 through development work at Timmins West Mine and Bell Creek. Guidance for 2012 is 85,000 to 100,000 ounces of gold production.
PDAC 2013 Corporate Presentation Forum for InvestorsAuRico Gold
AuRico Gold provided a corporate presentation outlining its commitment to shareholder value creation. The presentation summarized AuRico's streamlined asset base which includes the high-quality, low-cost Young-Davidson and El Chanate mines located in Canada and Mexico, respectively. AuRico also highlighted its organic growth profile at Young-Davidson, peer-leading balance sheet, and shareholder-friendly initiatives including a dividend policy. AuRico estimates 2013 gold production of 190,000-220,000 ounces at total cash costs of $575-$675 per ounce from its two core operations.
Agnico-Eagle Mines reported record quarterly gold production from its currently operating mines of 254,955 ounces in Q1 2012, a 19% increase over Q1 2011. Total cash costs were $594 per ounce. Net income was $79 million, up 74% year-over-year. Cash provided by operating activities was $196 million. Production is expected to grow further from existing long-life assets through exploration and mine plan optimization. The company aims to continue generating strong cash flows to fund growth and maintain its dividend.
Sandfire- Resources & Energy Symposium 2012Symposium
Sandfire Resources has begun mining at its new DeGrussa copper-gold mine in Western Australia, opening a new chapter of growth for the company. Key points:
- Mining commenced in February 2012 with the first shipment of development ore. Underground mining will begin in Q3 2012.
- DeGrussa is expected to produce on average 77,000 tonnes of payable copper and 36,000 ounces of gold annually for the first three years.
- The mine has a projected life of over 7 years and is fully funded. Production will establish Sandfire as a mid-tier mining company and generate significant cash flow.
- Exploration potential remains along a 30km prospective corridor, providing
Similar to Western Areas Half Year Results Presentation Feb 2013 (20)
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.
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.
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 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.
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 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.
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
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
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Western Areas Half Year Results Presentation Feb 2013
1. Western Areas Ltd
Half Year Results – 22 February 2013
“Think Nickel, think Western Areas”
2. Disclaimer and Forward Looking Statements
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 commitment on the part of any person to proceed with any transaction.
You must not take or transmit this presentation or a copy of this presentation into the United States or Japan or distribute it, directly or indirectly, in the United States or Japan or
to any US persons. By your acceptance of this document, you acknowledge that you are a not a “U.S. person” for the purposes of the US Securities Act. Neither this document, in
whole or in part, nor any copy thereof may be taken or transmitted to any other person. The distribution of this document to other persons or in other jurisdictions may be
restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these
restrictions may constitute a violation of the federal securities laws of the United States and the laws of other jurisdictions. The distribution of this presentation in other
jurisdictions may be restricted by law, and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions.
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. These statements are subject to certain risks and uncertainties that could cause the performance or achievements of
Western Areas Ltd to differ materially from the information set forth herein, although such information reflects forecasts and projections prepared in good faith based upon
methods and data that are believed to be reasonable and accurate as at the dates thereof and although all reasonable care has been taken to ensure that the facts stated herein
are accurate and that the forward-looking statements, opinions and expectations contained herein are based on fair and reasonable assumptions. 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 Mr. David Southam, but the information as it relates to mineral resources and reserves was prepared by Mr.
Dan Lougher and Mr. Andre Wulfse. Mr. Southam, Mr. Lougher and Mr. Wulfse are full time employees of Western Areas Ltd. Mr. Lougher and Mr. Wulfse are members of
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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Southam,
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.
For 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.
THIS PRESENTATION IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
2
3. Agenda
“Western Areas has an enviable track record of
exploring, finding, developing and producing
profitable mines.”
Introduction & Highlights
Financials
Operations
Exploration & Growth Outlook
Explore Develop
Sales Produce 3
4. Strong Asset Base
Production Exploration
Assets & Growth
Flying Fox
Forrestania &
• 1st nickel mine
WA Regional
• 15kt to 20kt nickel Disciplined
per annum - Nickel
Acquisition
Potential
Spotted Quoll (Nickel &
Canadian Assets
• 2nd nickel mine Base Metals)
- Nickel / Copper
• 10kt to 15kt nickel
per annum - Platinum group
Cosmic Boy
Finland
• Nickel concentrator
– treats ore from - VMS
- Outokumpu Cu
both mines
4
5. Key Financial Takeaways – Half Year
LTIFR of 0.78 at 31/12/12 – NOW 0.00 AT 31/1/13
14,461t nickel in ore production averaging 5.0% nickel
Nickel in concentrate sales 13,752t to Jinchuan and BHP
All ahead of guidance
A$2.69/lb cash cost in concentrate:
Remains best in class in Australia
Cashflow from Operations A$48.1m
Demonstrates the ability of WSA to generate positive operational cash at low nickel prices
Underlying NPAT of A$6.5m on reported NPAT of A$2.1m:
Reported NPAT impacted by A$4.4m post tax non-cash write off following an exit from the
Sandstone JV
Revenue significantly impacted by a reduced nickel price and strong AUD:
Substantial increase in Flying Fox Reserves
Fully Franked Dividend of 2c per share
5
6. Financial Snapshot
Half Yearly Snapshot 1H 2012 2H 2012 1H 2013
Mine Production (tonnes Ni) 16,230 14,872 14,461 Shipment timing
impacted 2H 2012
Mill Production (tonnes Ni) 13,045 12,596 13,673
Recovery 93% 91% 91% Guidance maintained after
full transition to Spotted
Sales Volume (tonnes Ni) 11,595 15,042 13,752 Quoll Underground
Cash Costs (US$/lb) 2.23 2.77 2.79
Cash Costs (A$/lb) 2.17 2.69 2.69
Exchange Rate USD/ AUD 1.03 1.03 1.04
Nickel Price (U$/tn) 18,761 18,276 16,664 Nickel Price is primary
driver of EBITDA
EBITDA ('000) 96,633 89,950 61,619
changes
EBIT ('000) 52,814 42,088 17,433
Impacted by $4.4m write-
NPAT ('000) 24,102 16,079 2,117 down (post tax)
Cashflow from Operations ('000) 64,412 94,841 48,076
Net Debt ('000) (179,844) (220,198) (194,354) Includes A$105.5m
Cash at Bank 160,856 165,502 85,846 Convertible Bond
Repayment. ANZ debt of
Dividend (cents) 5.0 6.0 2.0 A$45m retired in Jan 2013
Underlying NPAT 1H 2013: A$6.5m (pre Sandstone impairment)
6
7. Report Card 1st Half 2012/13
Delivering on Objectives
Objectives What's Been Delivered
Pay Dividend 2c interim dividend
Cashflow from Operations A$48.1m cashflow, debt reduction and dividends
Profitable through the cycle <nickel price, EBITDA A$61.6m, Underlying NPAT $6.5m
Cash costs below A$3.00/lb A$2.69/lb
Increase reserves at Flying Fox 72kt nickel reserve
New discovery at Forrestania New Morning and Sunrise
LTIFR < 1.0 0.78, but today sits at 0.00
Spotted Quoll production to 10kt nickel pa Achieving production target - delivered on budget
7
9. Income Statement
Commentary (1H FY 2012)
Earnings Data ($'000) 1H FY 2012 2H FY 2012 1H FY 2013 Nickel price down A$0.95/lb and A$0.73/lb
Exchange Rate USD/ AUD 1.03 1.03 1.04 versus 1H 2012 and 2H 2012 respectively.
Nickel Price (U$/tn avg) 18,761 18,276 16,664 Prior two halves have the impact of the
super low cost Spotted Quoll Open Pit – 1H
Revenue 149,106 181,592 158,963 2013 is purely two underground mines.
EBITDA 96,633 89,950 61,619 Sales volume high in 2H 2012 due to timing
Depreciation & Amortisation 43,819 47,862 44,186 of shipments
EBIT 52,814 42,088 17,433 Unit cash costs kept below guidance at
A$2.69/lb and consistent with 2H 2012.
Interest Expense 18,086 19,355 13,671
Sandstone post tax impairment charge of
Tax 10,626 6,654 1,645 A$4.4M.
NPAT 24,102 16,079 2,117 Interest expense reduction reflects
Dividend (cents) 5.0 6.0 2.0 retirement of A$105.5m bond in July 2012
Final dividend declaration of 2c fully franked
Earnings per share (cents) 13.4 9.0 1.1
represents return of 62% of underlying NPAT.
*Underlying NPAT reconciliation $m
Underlying* NPAT 1H 2013: A$6.5m
Underlying NPAT $6.5
Less Sandstone impairment (post tax) ($4.4)
Reported NPAT $2.1
9
10. Income Statement
WSA NPAT - 2H FY 2012 vs 1H FY 2013
25
20 $3.23 $0.06 $6.13
$16.1
15
$6.94
10
$m
6.5
5 $4.4
$2.1
0
Other
Revenue (Price)
Tax
Revenue (Vol)
2H FY 2012
1H FY 2013
-5
-10
1H FY13 NPAT impacted by:
1. Exploration write off - Sandstone impairment
2. 2H FY2012 had record shipments – timing issue with a large shipment leaving just prior to 30/6/12
3. Significantly reduced realised nickel price from average US$8.29/lb to US$7.56/lb
10
11. Cashflow Statement
Commentary (1H FY 2013)
Cashflow Statement ($'000) 1H FY 2012 2H FY 2012 1H FY 2013 Cashflow from Operations of A$48.1m,
Operating Cashflow 64,412 94,841 48,076 significantly impacted by a lower nickel price
and first income tax payment.
Less:
Exploration and capex broadly in line with
Exploration (17,860) (15,940) (12,795)
guidance.
FinnAust Investment (4,058) (3,307) (2,297)
2nd half exploration may be higher based on
Acquisition of Mining Interests (1,512) - - New Morning success.
Mine Development (38,506) (28,911) (15,475) Final US$15m paid for Outokumpu Royalty
Capital Expenditure (8,087) (5,625) (14,333) retirement.
Investment activities (274) (811) - 2012 Convertible bond retired for A$105.5m
in July 2012.
Outokumpu Royalty Payout (14,926) - (14,317)
A$50m received from equity placement in
Payment for subsidiary - (71,100) - December (before costs).
Proceeds from Share Issues - - 50,000 Final dividend of 6c per share from FY2012
Proceeds/(Costs) from Financing (319) 44,486 (2,231) paid in October 2012.
Dividends Paid (26,962) (8,987) (10,784)
Repayment of convertible bond - - (105,500)
Net Cashflow (48,092) 4,646 (79,656)
Cash at Bank 160,856 165,502 85,846
11
12. Balance Sheet
Commentary (1H FY 2012)
Balance Sheet 1H FY 2012 2H FY 2012 1H FY 2013
Strong balance sheet with reduced gearing - $45m
Cash at Bank 160,856 165,502 85,846 ANZ Facility repaid in January 2013.
Receivables 28,971 25,360 26,276 Repaid A$105.5m bond on 2 July 2012 – well
Stockpiles & Inventory 50,841 42,121 41,699 flagged to market and strong positioning
PP&E 106,932 107,111 114,413 Capital Management has plenty of headroom:
Exploration & Evaluation 106,660 133,282 140,051 ANZ Facility of A$65m – currently undrawn
Mine Development 247,401 295,634 272,104
Convertible bond July 2014 – A$110.2m
Other 10,465 5,958 4,525
Convertible bond July 2015 – A$125.0m
TOTAL ASSETS 712,126 774,968 684,914
FY13 capex/mine development likely to be <A$70m
Trade & Other Payables 70,328 66,444 45,216
Short Term Borrowings 103,449 162,656 45,073 FY13 exploration may be more than A$20m
dependent on results from New Morning and
Long Term Borrowings 250,268 256,003 265,296
Sunrise.
TOTAL LIABILITES 424,045 485,103 355,585
New and longer dated ANZ Facility of A$125m will
SHAREHOLDERS EQUITY 288,081 289,865 329,329 be finalised shortly – provides repayment certainty
on July 2014 bond
12
14. Flying Fox Mine
Summary
Continuous high grade Nickel to 1300m. Open at
depth
Resource ore grades increase at depth from 3.9% to
5.8% Nickel
Announced intersection T5: 34.7m @ 8.9% Nickel
Production
FY2012 – 373,726t @ 5.0% nickel for 18.5kt nickel
FY2013 guidance – 16kt nickel in ore
Low cash cost operation <US$3/lb
Ore Reserve now 72,200t of high grade nickel
Total High Grade Resource now stands at around
100,286t of Nickel
Major drilling program ongoing at Lounge Lizard
T5 & T7 down dip extensions cross into Lounge
Lizard and remain open
14
15. Spotted Quoll Mine
Summary
Ore reserve was upgraded in June 2012 by 94%
with an exceptional 88% conversion ratio
Ore reserve now 3.0mt @ 4.20% containing
126,135t nickel
Remains open at depth
Surface drilling program complete to improve
conversion of inferred resource to indicated
resource
Already >10 year mine life on reserve
New Spotted Quoll North Resource of 50kt
@11.3% for 5,730 nickel tonnes
Production
Successfully ramped up nickel production to a
10ktpa rate for the six months to Dec 2012
Mine optimisation study complete and decline
being accelerated to reach 15ktpa nickel in FY2015
15
16. Forrestania Nickel Concentrator
Concentrator Summary
Current nameplate capacity of 550,000tpa of ore (but being exceeded)
Nickel concentrate output >25,000tpa Ni
Concentrate grades of around 14.0% Ni
Premium blending product (Fe/Mg ratio >15)
Desirable to smelters as it enables lower quality concentrates to be
economically utilised after blending
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
Concentrator Expansion
Preliminary high grade expansion study (750ktpa) completed
Expansion configured for upgrade to 1mtpa of ore
Some items of infrastructure (crusher) already capable of 1mtpa
16
17. Concentrate Supply and Offtake Contracts
Concentrate Supply 1000
Global Smelter Demand vs Global Concentrate Supply
950
Tightness in smelter supply to be experienced from 2014 900
850
Global nickel sulphide grades in decline
Nickel in Conc/ Kt
800
Reliable nickel sulphide concentrate supply dwindling
750
700
Laterites and Nickel Pig Iron do not fill the void 650
600
550
Offtake Contracts 500
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Jinchuan contract expires earlier than planned in Jan 2013 Nickel in Concentrate Supply Smelter Demand
due to higher sales
Tender process complete – 26,000t of nickel in
concentrate awarded to Jinchuan
Improved payability achieved
Bids from end users, investors and traders
WSA in a unique position being an independent producer
Ability to complete spot/opportunistic sales
NOTE: The graph FORRESTANIA – OFFTAKE CONTRACTS is based on Western Areas’ 10 Year
Production Targets. These Targets include estimates and assumptions on production rates of
existing ore reserves, conversion of existing mineral resources to ore resources and assumptions
on potential extensions to existing mineral resources, based on current information. These
Production Targets may vary due to future drilling results, nickel prices, costs and market
conditions. Refer to Disclaimer and Forward Looking Statement in Presentation
17
19. Short Term – Near Mine Exploration
Exploration Budget of A$20M for FY13, majority to be spent on drilling at Forrestania
120km strike length (900 sq km) of prospective Forrestania Nickel Project, within 500km long
nickel province
Drilling Priority within 8km long zone (below). New discovery would access existing mine
infrastructure. Systematic approach
Recent New Morning massive sulphide & Sunrise discoveries (see next slide)
Drilling in Progress
19
20. High Grade Discovery at New Morning
WSA’s latest new high grade discovery, 2.5km from
Flying Fox and 2.8km from Spotted Quoll
Massive sulphide discovered below New Morning
3.0m @ 6.3% nickel including 2.4m @ 7.6% nickel
DHEM geophysics confirms plate approximately
250m x 150m
Major drilling program underway
Drilling in Progress
20
21. New Discovery-Sunrise
Another high grade discovery, 2km from Spotted Quoll and 300m SE of New Morning
Best intersection 4.6m @ 3.7% nickel
Major drilling program underway and results to be announced over next 6 months
21
22. Canada – Mustang Minerals
WSA owns 19.5% of Mustang Minerals - a Canadian listed nickel and PGM company
WSA has two of 5 board seats, plus provides technical assistance
Makwa Nickel/PGE mine in Manitoba – feasibility in progress targeting 5ktpa Ni in concentrate
Mayville Copper/Nickel deposit in Manitoba – drilling in progress – new resource expected Q1, FY2013
Potentially significant Palladium & Platinum discovery adjacent to Mayville
Mayville outcropping Mayville drill core: 74.7m @ 0.75% Cu & 0.24% Ni
22
23. Finland – FinnAust Mining PLC Projects
83% WSA, planning to list on AIM - dependent on
market conditions
300km long base metal province in Finland
Numerous nickel/copper/zinc mines & occurrences
Focus on two key projects:
1. Outokumpu Copper Project
2. Hammaslahti VMS Project
Drill priority targets for potential extensions and
repetitions to known copper deposits
Geophysics proving very effective in defining targets -
ZTEM survey completed
23
24. Growth Outlook
Short Term < 12 Months Medium Term 2-5 years Long Term >5 years
• Flying Fox > 10 years – • Spotted Quoll & Flying • Base Case production
drilling in progress Fox – 30ktpa 40-50ktpa , plus new
• Forrestania drilling • New Morning/ Sunrise mines
• Mill expansion decision reserve & production – • Large disseminated
• Cash costs <US$3.00/lb 5-10ktpa resource potential
• Strong cashflow • 4th mine from • FinnAust producing
Forrestania • Base Metals exposure
• Dividends
• Mill expanded 750ktpa • Dividends
• Further enhanced
offtake contract • First quartile cash costs • Continued
• Advance FinnAust • FinnAust in feasibility exploration upside
Mining exploration • Dividends • Independent
• Mustang prod – 5ktpa producer
Disciplined Acquisition Potential (Nickel & Base Metals)
24
25. The Portfolio
Kawana JV
80%
Bullfinch East Bull
North JV Lake JV 65% Makwa &
Cosmic Boy 70% Mayville Spotted
Resource Canada Quoll
New
Morning
Mt Koolya -
Alexander Diggers
nobbing Flying Fox
JV 25% South
Sunrise
Lake King JV Spotted
70% Mt Gibb JV Quoll Bioheap
70% Undergroun
Southern
d Upgrade
Cross
Goldfields -
Hatters Hill Other Cosmic Boy Cosmic Boy
Finland – Mill Mill
Copper Expansion
Jkjjljljlkj Finland –
Mt Jewel Nickel
25%
= International = WA Regional = Forrestania
25
27. Nickel Outlook
Current LME spot price up ~ 10% on average price for prior We believe prices have bottomed
period and will gradually trend higher
over our forecast period to
Demand increase linked to: encourage the rise in capacity
Chinese steel production – construction and consumer utilization rates required to meet
good uses, linked to Chinese economic growth our forecast demand growth. We
expect marginal costs to be a key
North American economy – linked to consumer goods determinant of prices.
European economy – linked to consumer goods Based on the historical
Two from three showing good signs inventory/price relationship and
our cost work, we see
Supply side still suggests positive pricing dynamic: fundamental price support in the
Indonesian laterite export ban to hit new age nickel pig $8.50/lb to $9.50/lb range.
iron producers
Looming quality sulphide gap with major mines -RBC Capital Markets,
reaching end 2013-2014 21 January 2013
“Nickel Market Outlook”
Consolidation in the nickel industry a potential driver over
2013
27
28. Ready For The Cycle
Western Areas is:
Australia’s lowest cash cost nickel producer
A proven explorer, developer and operator led by an experienced management team
An S&P ASX 200 index member
Market cap ~ $900 million at current prices
Profitable, even at the current low A$ nickel price
A proven dividend payer, with a strong balance sheet
Australia’s third largest producer of nickel at 31,000 tonnes of nickel mined and 25,000 tonnes of
nickel in concentrate produced
No 1 = BHP-B Nickel West and No 2 = Glencore
Employer of approx 500 staff, either directly or through contractors
Into its seventh consecutive year of production, tenth consecutive quarter with no downside
surprises
First production 26 October 2006
Committed to stable growth from the current solid platform
28
30. Introduction – Corporate Summary
Listing: Member of S&P ASX 200 Top 15 Shareholders %
1 T Streeter 13.42
2 Colonial Group 7.77
3 M & A Greenwell 5.17
Shares on Issue: 196.8M 4 Sydney Fund Manager 3.92
5 Paradice Investment Management 3.57
6 Giovanni Santaluccia 3.17
Share Price: ~ A$4.60 (February 2013) 7 Celeste Funds Management 2.69
8 Concise Asset Management 2.63
9 UBS Asset Management 2.53
Market Cap: ~ A$900 million 10 Tribeca Investments
11 Platypus Asset Management
2.38
2.33
(undiluted)
12 Antares 1.99
13 State Street 1.75
14 BlackRock 1.61
Cash: A$86M at 31 Dec 2012 15 Mount Kellet 1.59
TOTAL 56.52
WSA FY2013 Share Price
$5.00
$4.50
$4.00
$3.50
$3.00
Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13
Closing Share…
30
31. Western Areas are Safe Areas
Continuous Safety Improvement
Western Areas LTIFR LTIFR
LTIFR at 0 is the lowest result since 2009 4.0
3.5
Flying Fox > 800 days LTI free 3.0
2.5
Spotted Quoll > 450 days LTI free 2.0
Exploration >1,500 days LTI free 1.5
1.0
MTIFR trending down to 10.9 0.5
0.0
Apr-12
Feb-12
Sep-12
Contractors and Employees fully integrated into a
Jun-12
Jul-12
Mar-12
Dec-12
Oct-12
Aug-12
Jan-13
Nov-12
May-12
site wide commitment
Environment & Social
No environmental breaches
Strong local commitments from the Hyden
Respite Centre, Perth Zoo (Northern Quoll) and
Starlight Childrens Foundation WA
31