"Cement on Steroids"
Looking forward to this statement catching on!
Another solid presentation from James Marsh.
Summary below:
- Auspozz now claiming to replace up to 50% of cement in concrete.
- An independent life cycle analysis shows it has an 80% lower carbon footprint than cement.
- Replacing just 20% of cement can double the concrete's strength, improve fire resistance, and halve shrinkage.
- Early cash flow from DSO sales, expected to be around $12 million steady state, is anticipated to start in Q1 2026.
- Australian market alone requires 10-12 million tonnes of cement annually, presenting a huge opportunity.
- The push for decarbonization, enforced by the government's Safeguard Mechanism, creates strong demand, as companies producing over 100,000 tons of carbon will pay $50-$70 per ton.
- The PFS is based on 10.9 million tons, but the fully granted mining lease holds 20 million tons, which is only 5% of the company's freehold land.
- The resource is open in all directions, suggesting supply for many decades beyond the 20-year project life and potential for multiple production trains.
- The simple quarrying operation, with only two meters of bauxite overburden (which has a buyer) 260km from the Port of Bundaberg via an approved trucking route.
- The site has an LOI with Gladstone Ports Corporation Port has an available, currently unused, multi-million dollar bulk minerals loading facility.
- Big drilling program is planned to expand the resource and produce a proven mineral reserve.
- Shipping of DSO for early cash flow is scheduled for Q1 2026, DFS completion in the first half of 2026.
- Under the current timeline, Auspozz production will commence in 2028, reaching full capacity in 2029.
- This is considered the worst-case scenario
- Company is actively working to accelerate this schedule.
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