Avenira Limited · ASX:AEV
Avenira — Shareholder Meeting (November 2017)
13 slides from Avenira's shareholder meeting presentation, Nov 14, 2017
Slide 1: AGM Presentation November 2017
ASX Code: AEV For personal use only ASX: AEV ♦ ABN 48 116 296 541 AGM Presentation NOVEMBER 2017
Slide 2: Important Information - Disclaimer
Important Information Disclaimer This document has been independently prepared by Avenira Limited (Avenira or the Company) and is provided for informational purposes only. This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase o
Slide 3: Important Information - Not financial product advice
Important Information Not financial product advice This document does not it constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of For personal use only factual information and does not
Slide 4: Overview
Overview Avenira is a phosphate rock mining company. Our flagship asset, the 80%-owned For personal use only Baobab mine in Senegal, is being positioned for a major capacity expansion. ▪ Senegal is a stable and mining-friendly West African country Avenira owns a ▪ Indicated Resource of 34.9 Mt @ 20.
Slide 5: Phosphate Market
Phosphate Market Phosphate is a key ingredient in fertilisers, which provide essential nutrients to soils, For personal use only livestock & people, resulting in more food, better nutrition and healthier lives. PHOSPHATE OVERVIEW DEMAND DRIVERS & PRODUCT RANGE ▪ Phosphate rock is mined from igneous
Slide 6: Expansion Project
Baobab Project – Expansion Project EXPANSION OVERVIEW CURRENT FLOW SHEET For personal use only ▪ Current plant sub-optimal due to simple washing technique being used Run of mine • Low product recovery and production volumes, resulting in high unit costs and sub-optimal product quality Crushing (sub-
Slide 7: Capital Estimates
Baobab Project – Capital Estimates CAPITAL COST ESTIMATES For personal use only ▪ Concept level engineering work undertaken by Hatch indicates a capital cost estimate of US$53.4 million for the expansion and upgrade of the processing plant (± 30% basis, assuming contractor mining) • Includes direct
Slide 8: Product Specifications
Baobab Project – Product Specifications POST EXPANSON PRODUCT SPECIFICATIONS PRICES VS. P2O5 CONTENT1 For personal use only 180 ▪ Most important characteristics for phosphate rock are: 160 • P2O5 content (higher is better) Current benchmark price (32% 140 P2O5, FOB Morocco) = US$89/t • CaO:P2O5 rati
Slide 9: Operating Costs
Baobab Project – Operating Costs EXPANSION ESTIMATES BUSINESS COST COMPARISON For personal use only ▪ The expansion and upgrade project aims to place the Baobab ▪ CRU estimated ‘business cost’ curve for phosphate rock mine in a globally competitive unit operating cost position production includes si
Slide 10: Downstream Integration
Baobab Project – Downstream Integration DOWNSTREAM PROCESSING CAPACITY POTENTIAL PARTNERS AND ATTRACTIVENESS For personal use only ▪ Ultimate goal of Baobab project is to have downstream Non-integrated fertilizer producers needing rock or processed capacity in addition to phosphate rock mining ferti
Slide 11: Expansion Funding Strategy
Expansion Funding Strategy Now For personal use only Entitlement ▪ Entitlement offer and placement offer to raise between A$13-15 million (before costs) and Placement ▪ 9-for-20 at a price of 4.8 cents / share Offers ▪ Foster Stockbroking Pty Ltd appointed as lead manager ▪ Close to fully underwritt
Slide 12: Wonarah and JDC
Wonarah and JDC Avenira holds 100% of the Wonarah concession – a phosphate deposit in the For personal use only Northern Territory. It also owns a 7% stake in JDC Phosphate, and has the exclusive rights to use its IHP technology in Senegal and Australia. WONARAH PROJECT JDC PHOSPHATE ▪ 100% owned by
Slide 13: Avenira Limited
For personal use only Avenira Limited ABN 48 116 296 541 www.avenira.com Suite 19, 100 Hay Street Subiaco, Western Australia 6008 AUSTRALIA PO Box 1704 West Perth WA 6872 AUSTRALIA +61 8 9264 7000 frontdesk@avenira.com 12