INTEC LTD
Company Presentation
INL - Mining Aust-Asia 2008 Conference – Mr Dave Sammut, Corporate Development Manager
Thu, 24 Jul 2008 12:15PM
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Mr Dave Sammut
Thu, 24 Jul 2008
12:15PM Australia/NSW
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 MINEMAKERS LIMITED
(MAK)
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MAK - Minemakers Responds to Broker Report - Mr Andrew Drummond, Managing Director Tue, 18 Nov 2008 12:00PM |
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 INTEC LTD
(INL)
|
INL - 2008 Annual General Meeting - Mr Philip Wood, MD & CEO Tue, 18 Nov 2008 05:30PM |
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 CARBON ENERGY LIMITED
(CNX)
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CNX - 2008 Annual General Meeting - Mr Andrew Dash, Chief Operating Officer Thu, 20 Nov 2008 10:00AM |
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INTEC LTD (INL)
ASX code: INL
Website: http://www.intec.com.au/
Industry: Materials
Principal Activities:
Commercialisation of its patented hydrometallurgical processes.
Address:
University of Sydney, Maze Crescent, Department of Chemical Engineering, J01, Gordon Chiu Building
SYDNEY
NSW
Phone: (02) 9351 6741
Fax: (02) 9351 7180
Executives & Directors
Mr Trevor A Jones , Chairman, Non Exec. Director
Mr Philip Ronald Wood , Managing Director, CEO
Mr Anthony John Moyes , Director
Mr Kenneth John Severs , Non Exec. Director
Mr James R G Bell , Non Exec. Director
Mr Kieran G Rodgers , CFO, Finance Director
Mr Brian Banister , Chief Op. Officer
Mr Robert John Waring , Company Secretary
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Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
INTEC LTD (INL) Events
Australia/NSW
INTEC LTD (INL)
| Results of 2008 AGM | Wed, 19 Nov 2008 |
| MFC: Investment in Bass Metals Limited | Tue, 18 Nov 2008 |
| Realisation of Hellyer Assets/Form 605 for BSM | Tue, 18 Nov 2008 |
| 2008 Annual General Meeting Presentation | Tue, 18 Nov 2008 |
| Intec Metals Recycling Project Update | Tue, 11 Nov 2008 |
| Intec Metals Recycling Project Update | Fri, 7 Nov 2008 |
| Appendix 4C - September 2008 | Thu, 30 Oct 2008 |
| Notice of Annual General Meeting/Proxy Form | Wed, 15 Oct 2008 |
| Intec Ltd 2008 Annual Report | Wed, 1 Oct 2008 |
| Intec Metals Recycling Project Update | Tue, 23 Sep 2008 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
PRESENTATION BY DAVE SAMMUT, CORPORATE DEVELOPMENT MANAGER OF INTEC LIMITED (INL)
“Company Presentation - Mining Aust-Asia 2008 Conference”
http://www.brr.com.au/event/46992
THURSDAY, JULY 24, 2008, 12:15 PM.
INL Good day, everybody. It is a pleasure to be in front of you today and I am obviously going to try and keep this nice and short and sweet.
10
My presentation today is actually going to be a little bit of a teaser about Intec rather than going into a depth about our projects and such and so forth. I would actually like to talk a little bit about our blue-sky potential and our green credits. I love to call this my blue and green campaign.
15
Intec is a technology company. We have developed a new hydrometallurgical process that we called the Intec Process and it is applicable to a range of base and precious metals in both mineral and industrial applications. We are a publicly listed company. In fact, we are actually one of the few Australian
20 publicly listed companies that trades 24 hours a day because we are listed on the Australian Stock Exchange, on the Deutsche Boerse and on a trading platform called the OTCQX in the US. So we are available 24 hours a day. I just love to say that.
25 We have a market capitalisation of about $30 million which makes us a relatively small company, but hopefully, we have plenty of potential to go from here.
I just like to quickly put Intec in context. Typically, minerals, as you would be
30 well aware, come out of the ground as ores. They are mined, they are milled and typically they are floated to produce a concentrate. So you might start with, say, 3% or 4% copper in the ground. You might concentrate it up to 20% or 25% copper, and then typically, you would send that across to a smelter and refinery. Smelters and refineries, of course, are your classical old
35 technology that have been around forever. As you can see in some of the photos, they can be pretty dirty. Of course, it is possible for a smelter to be clean but it tends to cost a lot of money.
Where the Intec Process comes in is as an alternative to smelting. We can
40 take our concentrate feedstocks and go straight from concentrate through to pure metal.
Now, let us just put a quick face on smelting. There are a couple of very interesting quotes here. This one is from the ABC and it refers to a couple of
45 the Australian lead smelters. This photo is actually of the Mount Isa smelters up there, which are lead and copper, and it actually points out that the lead smelter in Mount Isa puts out about 47 tonnes per annum of lead. By comparison, the Port Pirie smelter down in South Australia puts out 240 odd tonnes of lead per annum, almost a tonne a day. When you can see that 60% of the children up in the north have unsafe lead levels, I can only imagine what it is like down in South Australia.
Similarly, and this is a bit of an arcane quote from the Missouri Department of
5 Natural Resources, but the short answer is, talking about a lead smelter in the US, if the smelter was to drop its lead contamination, if it was actually to control 90% of its lead contamination, even despite doing so, having just cleaned up the neighbouring properties, they would be re-contaminated again completely within seven years. I think that says a lot about the general
10 emissions practices from the old technology.
So that is the technology perspective. Obviously, around the world, demand for metals is absolutely surging. In the range of base and precious minerals in which Intec is looking to compete, every year, significant new capacity is
15 going to be needed to be built to service the increasing demand. We are not even talking about trying to displace existing smelters, but simply about servicing the new capacity that is going to be required each and every year going forward from here.
20 The Intec Process itself is a cyclic process. It is low temperature, operates below 100 degrees in a liquid environment, with no air or liquid emissions and it operates cyclically. So we simply leach the materials into solution, we purify them to recover by-products and then we bring them to a recovery step where we bring out our primary product. So if we are doing a copper feedstock, then
25 clearly our primary product is copper, be it lead, zinc, silver, gold, and nickel, actually just quickly going back. Then, of course, the depleted liquor goes back to the beginning and starts again.
The applications of the technology, as I have said, copper, zinc and lead,
30 polymetallic materials, gold, nickel laterites, conventional nickel concentrates. Importantly, also, industrial feedstocks. So yes, we have mineral feedstocks and that was where we originally started our development 15 years ago. Importantly, there is also a significant recycling option for industrial waste such as electric arc furnace dust. Now, that is a waste that comes out of the
35 steel recycling industry where you have galvanized steel. The galvanized steel going into the steel recyclers comes out as a toxic waste called electric arc furnace dust. It can grade anywhere from an average of about 25% zinc up to significant levels of zinc. We currently receive materials up to 50% zinc as an above-ground resource that people pay us to take. So obviously, a
40 significant opportunity. That material, 6 million tonnes per annum of electric arc furnace dust, is produced each year of which something like half goes directly to landfill untreated. So there is a massive opportunity just in that one area before you even look at conventional copper, zinc, lead, gold, etc. concentrates.
45
So 10 reasons to reap clean, green profits. Number one, higher metals recovery. The Intec Process is able to get up to 100% extraction recovery of a range of metals. Of course, it depends on the feedstock, but it is certainly very strong recovery across the board. Strong potential returns. The average capital and operating costs of the Intec Process as it has been economically modelled are lower than conventional smelting. We have a project where our most recent published numbers indicated that the recovery of zinc from electric arc furnace dust would put Intec as the third lowest cost producer in
5 the world for zinc after by-product credits. Proven production process. Hydrometallurgy is not a new idea. It has been around for a very long time. There are a lot of slips and tricks in it, but Intec has carved out a unique position in the field of mixed halide hydrometallurgy. Within that, over the last 15 years, we have developed significant experience taking it from the lab
10 scale through the pilot through the demonstration plant scales, so that we are now commercially ready to be applied. We have our own resources. We have assets down in Tasmania, where we have an 11-million tonne tailing dam with approximately US$3 billion of contained metals. We also in Tasmania have what it is called the Zeehan residues, which are residues left over from
15 former lead smelter operations and they grade about some 19% to 20% zinc equivalent. Additionally, we have contracts under which we are receiving electric arc furnace dust. We already have about 30,000 tonnes stored in advance of our first projects. It is a big overseas opportunity. Obviously, globally, whether you are talking electric arc furnace dust or whether you are
20 talking mineral resources, we have patents for the Intec Process technology in more than 50 countries. We have projects under consideration for development around the world. There are seven patent families protecting the Intec Process with something like 200 patents in total, protecting various aspects of the technology. Clean production. Obviously, this is a key element
25 of the advantage of the Intec Process over conventional smelting, and that is that the Intec Process, unlike smelting, produces no air or liquid emissions. The only emission from the process is an iron residue, a solid residue, and that material is potentially saleable depending on the project, in which case you would become effectively a zero-waste technology. There is a wide range
30 of applications. In addition to simply talking about the different metals that can be extracted and recovered, there is the issue that smelters are limited in their application. They tend to need high-grade feedstocks. They tend to need to be very large plants to be economic and they tend to be relatively singular for the metals that they are treating, and therefore, there a lot of opportunities
35 for Intec for contaminated ores, for feedstocks that contain significant quantities as example of arsenic. Where that arsenic can come out safely in our residues, in a smelter, it would come off and come in to their stack emissions and would have to be controlled. We can treat polymetallics. There is a project up in the Northern Territory, the Compass Browns project, that we
40 are looking at at the moment, which is a polymetallic resource. It is zinc, silver, lead, nickel, and cobalt. So you can address multiple metals at the same time on a single project. Similarly, you can address low-grade materials. Materials that you could not sell to a smelter or that you could not put into a smelter can still be treated economically via the Intec Process.
45 Smelting is facing an increasing threat in the tightening environmental regulations around the world, and this trend will continue. I cannot see any jurisdiction that is going to be loosening their environmental regulations, particularly with respect to looking at the air and liquid emissions that are coming out of any industrial plant and particularly smelters. Our timing is right. Obviously, there is an increasing demand around the world, not only for technologies that better utilise existing resources, as example if you are looking at the nickel field. The number of amenable nickel sulphide resources is diminishing, and therefore, nickel laterites are becoming increasingly
5 looked at as an alternative source of nickel. Well, whether you are looking at nickel, whether you are looking at copper, any metal, there is an increasing range of demand for technologies that can go for those previously uneconomic projects and similarly for waste materials. There is a strong push to find ways to recycle and re-use waste materials, such as electric arc
10 furnace dust. Finally, the opportunity ahead. Intec is poised and ready to go out there and actually take the benefit of the higher metals prices. Obviously, most metals at the moment are towards the, until quite recently, historical highs and certainly are well above where they have been. The opportunity, the Intec Process is now commercially ready. It has been demonstrated at the
15 demonstration scale, and obviously, the world is now waiting for us to go out there and do our first commercial project. That is the point that we are at now with Intec.
Multiple projects, multiple profits, I love this idea. There are projects around
20 the world that we are looking at. I have mentioned the Compass project in the Northern Territory. I touched on that we have projects in Tasmania. We also have public knowledge projects in Iran and Russia. We are looking at projects in Bolivia. There are projects elsewhere in Europe. There is a lot of opportunity around the world for the Intec Process. Given that the mining
25 industry is notoriously conservative, and as I love to say, would rush to be second, then having done at once, there will be a lot of opportunities to take the Intec Process and apply to projects around the world.
Additionally, we have established a Chinese representative office and that is
30 obviously to take advantage of the opportunities both to obtain feedstock materials and reagent materials for our projects in Australia, but also to look at the significant opportunities to develop projects within China itself. We are continuing to get a great deal of interest through the Chinese representative office.
35
Our head office is here in Sydney, but we do have representative offices in Europe, in North America, in China, and in Western Australia as well, so we feel that we are reasonably well represented.
40 So that is it in a nutshell. I wanted to keep it nice and short today and just give you a brief introduction about Intec. There is a great deal of information about our company on our website being www.intec.com.au. One initiative that I think makes us reasonably unique amongst publicly listed companies is that our company has what we call our Investor Q&A Forum, an opportunity for
45 any investor, whether they are shareholder or not, to ask us direct questions about our projects, our strategies, our technology, any aspect of our company’s operations that they want to know more about and we will give a public response so that we can keep our investors as fully involved as possible and try to really get the message out there about our company.
INTERVIEW CONCLUDED
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