Kore Potash Plc · LSE:KP2
Kore Potash — Elemental Minerals — Corporate Update (May 2015)
20 slides from Kore Potash's corporate update, May 2015
Slide 1: Sintoukola Projects – Republic of Congo
ASX: ELM For personal use only Sintoukola Projects – Republic of Congo A high grade potash district in the making May 2015 progress update
Slide 2: Cautionary Statement and Competent Persons
Cautionary Statement and Competent Persons For personal use only Forward Looking Statements This presentation contains statements that are "forward-looking". Generally, the words "expect," “aims”, “potential”, "intend," "estimate," "will" and similar expressions identify forward-looking statements.
Slide 3: Pipeline of quality projects
Pipeline of quality projects For personal use only Kola Sylvinite Deposit: High grade (33% KCl), shallow (200-300m) and large (573 Mt M+I*) sylvinite deposit. PFS completed for conventional underground mine for 1 Mtpa* MoP* ramping up to 2 Mtpa. LOM* Opex US$ 91/tonne MoP. Dougou Carnallitite Deposi
Slide 4: Board of Directors
Board of Directors For personal use only ● 20 years experience in the mining and minerals industry. 11 years with the BHP Billiton Group (“BHP”) in various senior managerial roles, Project manager for the integration of the BHP and Billiton merger with extensive global business Tom Borman experience
Slide 5: Elemental's deposits are highest grade vs peers and very large
A reminder that Elementals Deposits are highest grade vs peers and very large For personal use only Comparison of Measured + Indicated Resources for junior potash companies Yangala not shown but Exploration Target grade is 55-60% KCl… Grade % KCL Allana Potash ‐ Dallol 12.0 14.0 16.0 18.0 20.0 22.0
Slide 6: Location and deposit quality underpin highest margins
Location and deposit quality underpin highest margins For personal use only Elemental ‐ Elemental ‐ Company MagIndustries Highfield Uralkali* Allana Potash Corp* Dougou Kola Phased Scoping Study Implementation Study Update July Technical Study May Data Source February 2015 Study October 2014 2014 20
Slide 7: Continual development and value-add since 2009
Continual development and value-add since 2009 For personal use only 2009/10 2011 2012 2013 2014 2015 • Acquired • Continued drilling • Updated and • Kola ESIA • Dougou • Yangala Sintoukola and seismic Expanded Kola approved and Maiden Exploration Permit and surveying Resource Mining License Mineral
Slide 8: Progress and next steps
Progress and next steps For personal use only Since mid‐2014 significant advances made on all three projects Project quality and optionality sets Elemental apart from peers Kola Dougou Yangala Phased Implementation Study Resource Upgrade completed Feb Drilled ED_03 and acquired completed Oct 2014 20
Slide 9: Work Programme
Work Programme For personal use only 2014 2015 2016 2017 2019 Phased Kola Implementation Study BFS Q1‐16 Basic Engineering and Construction Scoping Dougou Study PFS Mining licence application Exploration Yangala Target Exploration Drilling Complete Planned 2018 not shown
Slide 10: Summary and Strategy
Summary and Strategy For personal use only PROJECT DEVELOPMENT SUMMARY Work over last 6 months has advanced ELMs belief that the RoC potash province can challenge the worlds established potash districts, on deposit quality, size and grade Kola and Dougou lie within 15kms of each other, now give
Slide 11: Appendix
For personal use only Appendix
Slide 12: Mineral Resources and Reserves
Mineral Resources and Reserves For personal use only KOLA SYLVINITE MINERAL RESOURCES (CSA Global, 20 August, 2012) MEASURED INDICATED INFERRED TOTAL RESOURCES Seam M tonnes %KCl M tonnes %KCl M tonnes %KCl M tonnes %KCl Hangingwall Seam ‐ ‐ ‐ ‐ 47 55.04 47 55.04 Upper Seam 171 35.55 159 34.90 96 34
Slide 13: Kola Deposit Highlights
Kola Deposit Highlights For personal use only Size and Grade : 573 Mt Measured and Indicated sylvinite Resource grading 33.1% KCl Shallow: 200 to 300 metres below surface Ore Quality: sylvinite only, exceptional <1% insols+sulphate, <0.1% magnesium Simple Geometry: flat/gentle dip, extensive
Slide 14: Dougou Deposit Highlights
Dougou Deposit Highlights Dougou Deposit - Highlights For personal use only • Dougou is simple: carnallitite only, in 4 flat and continuous seams essentially devoid of contaminants. The HWS grades 24.5% KCl and is 10 m thick. • RoC is a gas producer with surplus cheap electricity…all available local
Slide 15: Yangala, candidate for world's highest grading potash seam
Yangala, candidate for worlds highest grading potash seam For personal use only Two drillholes completed, 1.4 km apart. Both with sylvinite of the Hangingwall Seam (HWS). ED_01:4.47m grading 57.7 % KCl ED_03: 4.21m grading 59.5 % KCl Exploration Target for the HWS of 235 to 470 million tonne
Slide 16: Infrastructure and access to the Brazilian market
Infrastructure and access to the Brazilian market For personal use only Permit < 80 kms to Pointe Noire port, Pointe Noire Port expansion tarred road to within 7 kms Power, gas, water, readily available Bulk export facility under construction at Pointe Indienne, < 60 kms from permit Half shi
Slide 17: Corporate Structure
Corporate Structure For personal use only Elemental has a 97% holding in Elemental Minerals Ltd Sintoukola Potash which holds: (ELM – ASX) MGM RoC 100 % of Sintoukola Permit which 100% 97% includes Dougou Deposit and Yangala, 3% renewed January 2015 100% of Kola Mining which holds the Mining Lea
Slide 18: Financial Overview
Financial Overview For personal use only Capitalisation Summary Major Shareholders Exchange Listing: ASX AU$ Name Holding Share Price (A$/share) 0.20 Harlequin Investments* 19.11% 52 Week High / Low (A$/share) 0.29 / 0.14 Dingyi Investments 18.44% Shares Outstanding (m) 381.9 EMC* 9.30% Options (unl
Slide 19: Important Documents & Announcements
Important Documents & Announcements For personal use only KOLA DEPOSIT • Kola Deposit Resource: Announcement: Elemental Minerals Announces Significant Further Mineral Resource Upgrade for Kola, 21 August 2012. • Kola Deposit PFS: Report: NI 43-101 Technical Report Sintoukola Potash Project Republic
Slide 20: For personal use only
For personal use only John Sanders Leonard Math Managing Director Director Elemental Minerals Ltd Elemental Minerals Ltd Email: john.sanders@elementalminerals.com Email: leonard.math@elementalminerals.com Office: +27 11 469 9140 Office: +61 8 9322 2700 Direct: +27 11 469 9144 Mobile: +61 403 464 396