Capital Markets presentation
8 September 2021
Capital Markets presentation
A unique opportunity to support the electric revolution
Hochschild Mining PLC ("Hochschild" or "the Company") (LSE: HOC) (OTCQX: HCHDF) is to hold a remote Capital Markets event presentation for analysts and investors at 14:30 today (UK time) on its rare earths project. A replay of the presentation will be published on the Hochschild website at http://www.hochschildmining.com/en/home following the event.
Key highlights of the presentation:
§ A unique, high value, sustainable Ionic Clay rare earth project in Chile
§ Offers critical supply of higher value heavy rare earths outside China
§ Ideally placed to meet exponential rare earth demand underpinning the electric revolution
§ Simple strategy of starting with a minimum viable product, then targeting optimization, growth and integration
§ A multi-module growth strategy with module one delivering high returns:
o NPV of approximately $152-177 million
o Life-of-mine: 11 years
o Low project capital expenditure of approximately $119 million
o Average annual EBITDA of approximately $50m
§ Name changed to Aclara (formerly known as Biolantanidos)
Ignacio Bustamante, Chief Executive Officer said:
"We acquired 100% of Aclara in October 2019 and have applied Hochschild's operational expertise and distinctive culture to move the project forward. In taking on the project, we have dealt with new minerals and a value chain dynamic that is totally different from precious metals and relatively unknown to the western world. It is a challenge we have embraced and one which has enriched our organization still further. I am confident that the combination of our de-risking process together with strong fundamentals underlying our investment thesis and the significant recent increase in rare earth prices will deliver a very exciting future for this business."
A webcast and Q&A will be held at 2.30pm (London time) on Wednesday 8 September 2021 for analysts and investors.
For a live webcast of the presentation please click on the link below:
Conference call dial in details:
UK: +44 (0)330 336 9126
UK Toll Free: 0800 358 6377
US/Canada Toll Free: 800-263-0877
Hochschild Mining PLC
Charles Gordon +44 (0)20 3709 3264
Head of Investor Relations
Charlie Jack +44 (0)207 796 4133
About Hochschild Mining PLC
Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) and crosstrades on the OTCQX Best Market in the U.S. (HCHDF), with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.
Forward looking statements
This announcement may contain forward looking statements. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results, performance or achievements of Hochschild Mining PLC may, for various reasons, be materially different from any future results, performance or achievements expressed or implied by such forward looking statements.
The forward looking statements reflect knowledge and information available at the date of preparation of this announcement. Except as required by the Listing Rules and applicable law, the Board of Hochschild Mining PLC does not undertake any obligation to update or change any forward looking statements to reflect events occurring after the date of this announcement. Nothing in this announcement should be construed as a profit forecast.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (Regulation (EU) No.596/2014). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
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Excludes ramp-up phase