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South Star Battery Metals is focused on the selective acquisition and development of near-term production projects. South Star is driven to create fundamental value in the industrial metals and battery metals sector for clients and investors with real projects that have strong intrinsic financial and operating metrics, and that can be profitable throughout the resource cycles. South Star has an experienced executive team with a strong history of discovering, developing, building and operating profitable mines in Brazil.

 

The Santa Cruz Graphite Project, located in Southern Bahia, is the first of a series of battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. The Project has at-surface mineralization in friable materials, and successful, large-scale, pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022.

The Santa Cruz Graphite Project is being developed in a phased approach.  Phase 1 operations for the 5,000 tpy pilot plant are fully licensed, and the Company is preparing to start construction in September 2021 with commercial production targeted for Q4 2022. Phase 2 operations will represent a larger-scale concentration plant currently planned to produce between 25,000 to 30,000 tpy of concentrate. The sizing of the Phase 2 plant could be increased depending on the successes of the Phase 1 operations, ongoing development of commercial relationships, and market conditions. 

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship.

First New Graphite Production in the Americas
in More than a Decade

Santa Cruz Graphite Project situated in the second-largest, flake-graphite producing district in the world

There is a perfect storm coming in the industrial metals and battery minerals sectors being driven by the green energy and clean technology revolution. Underinvestment and low demand throughout the previous decade have brought the markets to a tipping point where entire industries are scouring the planet looking for secure, reliable sources of high-quality critical minerals and raw materials, that are the basic building blocks of the clean-energy revolution underway.

This is particularly important as companies look to diversify and secure their supply chains. Brazil is currently ranked as the third most-important country for critical battery metals in the world, behind only China and Australia. It is a natural jurisdiction to help diversify the clean-energy, supply-chain imbalances currently in the Americas and Europe. With a fully-licensed, construction-ready graphite mine, scheduled to be in production in 2022, South Star is perfectly positioned to be a key player and part of the long-term solution with secure, high-quality industrial minerals and battery metals for the clean energy revolution.

Company Timeline

Dec 2017 IPO
South Star Mining Corp. (TSXV: STS)
Jun 2018
Finalizes Acquisition of Santa Cruz Graphite Project
Dec 2018
South Star Mining Corp approved to trade on OTC (OTCQB: STSBF)
Jul 2019
NI 43-101 Resource Update with 14.9Mt at 2.3% Cg
Feb 2020
NI 43-101 Prefeasibility Study and Maiden Reserve Estimate

•  Updated Flow Sheet Incorporating Dry Stack Tailings & Codisposal
•  Phase 1 & 2 Staged Production
•  NI 43-101 Prefeasibility Study & Design
•  Updated CAPEX & OPEX
•  Detailed Engineering Design for Phase 1 Pilot Plant

October 2020
Environmental Permits for Phase 1 Operations Approved for 4 Years
Dec 2020
Trial Mining License Approved for Phase 1 Operations for 3 Years

Schedule Phase 1 Construction & Commissioning
   1.) Jun 2021 – Finalize Phase 1 Detailed Engineering for Construction
   2.) Sept 2021 – Mobilize Contractor / Start of Construction
   3.) Sept 2022 – Phase 1 Commercial Production

Leadership Team

Richard Pearce

CEO/ Director

Mr. Pearce is an entrepreneur and founding partner with more than 20 years of experience in planning and managing complex operations throughout the Americas. He has a wide range of consulting, advisory and capital markets experience including technical services, project & asset development, business administration & incorporation services, deal origination, M&A advisory, market & benchmark studies, valuation services, corporate advisory services and risk assessment. Richard has been based in Sao Paulo, Brazil since 2008, and is a native speaker of English as well as being fluent in Portuguese and Spanish. Country experience includes Canada, United States and most countries throughout Latin America. He is also a Qualified Person (QP) as defined by NI 43-101.

Dave McMillan

Chairman

With more than 50 years in the resource industries, Mr. McMillan’s career has spanned manufacturing, marketing, sales and financing, including 17 years as an Investment Advisor as VP, Senior VP, Director, and member of the Executive Committee for Yorkton Securities and Yorkton Holdings Inc. Mr. McMillan holds board positions in several private and publicly traded oil & gas and mining companies.

Eric Allison

Director

Mr. Allison has more than 36 years of experience in the natural resource industry working in technical, business, project development and management roles. He formerly served, from 2012 to 2015, as Chief Executive Officer and Chief Operating Officer of Brazahav Resources, a private entity developing a brownfield gold mine project in Brazil. Prior to this, he was the Director of Research and Chief Geologist at Casimir Capital LP, specializing in junior mining companies. He was a Director of Business Development at Sempra Commodities from 1999 to 2009, where his responsibilities included metals, concentrates and energy. Throughout his career, Mr. Allison has also served in various roles for Cyprus Amax Minerals, Amax Energy, SPG Exploration and Texaco. He has served on the boards of several private and public companies. Mr. Allison received a BS in geology from Brown University (1978) and an MS in marine geology from the University of Georgia (1980).

Felipe Holzhacker Alves

Director

Mr. Alves is a professional mining engineer with a Master’s degree in Political Economics of Resources from Colorado School of Mines. He is a Brazilian native who combines international capital markets experience with an extensive local network of governmental and regulatory agencies, resource financiers and technical, legal and tax consulting services. Mr. Alves is the Founder/CEO of Frontera Minerals Group, a Brazil-focused exploration and project development company. He previously held various roles at Rand Merchant Bank, where he was mainly responsible for Latin American Investments. His technical experience includes roles at open-pit and underground mines. He is currently the President of CBRR (Brazilian Commission for Resources and Reserves), Brazil´s equivalent to NI 43-101/CIM in Canada.

Daniel W. Wilton

Director

Mr. Wilton has 25 years of experience in M&A, corporate finance and principal investing in the mining sector. Dan was most recently a Partner at Pacific Road Capital Management, a mining-focused private equity investment firm with approximately $800 million under management. At Pacific Road, Dan reviewed several projects in Brazil, led the investment in Luna Gold (now Equinox Gold Corp.) and financed the development of the Aurizona gold project through critical prefeasibility and permitting activities. Prior to joining Pacific Road, Dan’s roles included Managing Director and Head of the Global Mining and Metals Group at National Bank Financial Inc. and other corporate finance and M&A roles at global institutions based in London, Toronto, and New York.

Marc P. Leduc

Director

Mr. Leduc is a mining engineer and geologist with more than 30 years of experience involving all aspects of the development, operations, planning and evaluation of mining projects including more than 20 years in Latin America. Marc served as the President and CEO of Luna Gold, operator of the Aurizona mine in Brazil, from 2015 to 2016. He holds a B.Sc. (Honors) in Mining Engineering from Queen’s University and a B.Sc. in Geology from the University of Ottawa.

Bennett Liu

CFO

Bennett Liu joins South Star from Red Fern Consulting Ltd., a full-service accounting group that provides financial and support services for public companies including accounting, regulatory compliance, audit management and financial reporting. Mr. Liu has served as Chief Financial Officer for multiple publicly traded companies (TSX Venture Exchange and CSE-listed) with a focus on the resource sector. He received his Bachelor of Technology, Accounting from the British Columbia Institute of Technology.

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