Aguia Resources Limited · ASX:AGR

Aguia Resources — Investor Presentation (September 2012)

27 slides from Aguia Resources's investor presentation, Sep 17, 2012

1. Slide 1: Emerging Brazilian Phosphate and Potash Developer

   EMERGING BRAZILIAN PHOSPHATE AND POTASH For personal use only DEVELOPER September 2012 AGUIA Resources Limited ASXRESOURCES AGUIA Code: AGR LIMITED 1

2. Slide 2: For personal use only

   ASX:AGR For personal use only Technical Director, Fernando Tallarico (centre) briefing analysts at the Tres Estradas phosphate project

3. Slide 3: Disclaimer

   DISCLAIMER For personal use only This document has been prepared as a summary only, and does not contain all information about the Company’s assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities.

4. Slide 4: Overview: World-class Assets

   OVERVIEW World-class Assets ■ BUILDING PHOSPHATE AND POTASH ASSETS For personal use only Phosphate Projects – Near Term Focus ✔ RIO GRANDE, new discovery, flag ship project ✔ Initial 21M t JORC Inferred resource ✔ Drilling commenced to increase resource size ✔ Beneficiation concentrate up to 34% P2

5. Slide 5: The Opportunity – Why Brazil?

   THE OPPORTUNITY – WHY BRAZIL? IMPORT DEPENDENT, CUSTOMERS For personal use only AN AGRICULTURAL POWERHOUSE ■ 4th largest consumer of fertilizer but only 4% of global fertilizer production ■ World’s fastest growing fertiliser market ■ Third largest global agricultural exporter ■ In 2011, accounted fo

6. Slide 6: Rio Grande do Sul Projects

   RIO GRANDE DO SUL PROJECTS NEW PHOSPHATE PROVINCE For personal use only  Três Estradas (TE) – new discovery – JORC Resource announced on 1.2km of total target size of 2.6km TRES ESTRADAS  Joca Tavares (JT) – under evaluation NEW DISCOVERY – rock chips up to 11% P2O5,  13 additional targets – unte

7. Slide 7: Brazil - Phosphate Carbonatite Mines

   BRAZIL - PHOSPHATE CARBONATITE MINES For personal use only Company Mine Reserve Grade Concentrate Grade Prod. (Mt) P2O5 (%) P2O5 (%) Capacity (ktpa) (A) (B) (C) (D) Vale Tapira 1,309 7.69 35.5 2,030 Copebrás/ Anglo Ouvidor 257 7.63 38 1,300 Vale Araxá 89 11.12 35/33 910 Vale Catalao 224 8.96 36/34 1

8. Slide 8: Tres Estradas JORC Inferred Resource

   TRES ESTRADAS JORC INFERRED RESOURCE For personal use only  Initial JORC compliant inferred resource of 21Mt @ 4.6% P2O51 including higher grade oxide zone from surface of 1.8Mt @ 10.9% P2O5  Resource calculated from drilling over 1 kilometre to 100 metre depth  Significant scope to expand resour

9. Slide 9: Tres Estradas Resource Expansion Drilling

   TRES ESTRADAS RESOURCE EXPANSION DRILLING For personal use only  Intensive drilling campaign underway (3 rigs) to expand JORC resource by year end

10. Slide 10: Tres Estradas - Upside

    TRES ESTRADAS - UPSIDE LARGE RESOURCE POTENTIAL For personal use only  Application lodged over southern extension  LARGE RESOURCE EXPANSION POTENTIAL INFERRED RESOURCE EXTENDS OVER 1.2 km NEW APPLICATION UNTESTED EXTENSION 1.4 km “no drilling” TOTAL POTENTIAL 2.6 km

11. Slide 11: Tres Estradas Conceptual Pit Model

    TRES ESTRADAS CONCEPTUAL PIT MODEL For personal use only  Excellent mining parameters, low strip ratio, free dig high grade oxide at surface Key: Percent P2O5 0.0 – 3.0 % 3.0 – 5.0 % 5.0 – 10.0 % > 10.0 %

12. Slide 12: Tres Estradas Preliminary Beneficiation Results

    TRES ESTRADAS PRELIMINARY BENEFICIATION RESULTS For personal use only  Initial metallurgical recoveries up to 83.4% and concentrate grades up to 33.9% P2O5  Results indicate the potential to produce a commercial concentrate using standard methods and reagents available in the market  Further opti

13. Slide 13: Excellent Infrastructure, Access to Markets

    EXCELLENT INFRASTRUCTURE ACCESS TO MARKETS For personal use only • Excellent infrastructure with good road, rail, power, port and services • Railway within the project that goes north and south to SSP plants in Brazil and southwest to Argentina and Uruguay. • Franchise owner is América RIO GRANDE La

14. Slide 14: Key Phosphate Markets for Rio Grande

    KEY PHOSPHATE MARKETS FOR RIO GRANDE For personal use only  Phase 1: Build mine and Single Super SSP Capacity in Brazil, Uruguay Phosphate (“SSP” production). and Argentina Total Capacity = 9.0 M t  The Process  Mine rock Paranaguá  Beneficiate by flotation to produce - Heringer 400kt - Fospar 5

15. Slide 15: Project Comparisons: MBAC v Aguia

    PROJECT COMPARISONS: MBAC v AGUIA For personal use only MBAC: Itafos1 MBAC: Santana2 Aguia: TE Mining Reserves 44.2M tonnes 44.3M tonnes 21.3 M tonnes (initial) 3 Grade 5.39% P2O5 12.2% P2O5 4.63% P2O5 Mine Life 14.5 years 30 years Concentrate 28% P2O5 34% P2O5 28% - 34% P2O5 Concentrate Recovery 55

16. Slide 16: Peer Comparison: Phosphate

    PEER COMPARISON: PHOSPHATE For personal use only Global Phosphate Market Cap Company Code Location Status Resource Grade P₂O₅ Diluted (A$M)* (mt) (%) MBAC Fertiliser Corp MBC:TSX Brazil $361 Developer 220 7.30 Stonegate Agricom Ltd ST:TSX Peru $77 Developer 520 12.20 Arianne Resources DAN:TSX Canada

17. Slide 17: Provisional Timeline for Phosphate Projects

    PROVISIONAL TIMELINE FOR PHOSPHATE PROJECTS For personal use only Projected Market Cap. $ Construction Três - Feasibility Estradas - Infill drilling Study - M,I & I resource - Begin prefeasibility statement study - Scoping study - Drilling northern section (TE) - Expanded JORC mineral resource  Com

18. Slide 18: The Team & Capital Structure

    THE TEAM & CAPITAL STRUCTURE For personal use only Directors Potash & Phosphate Experts Graham Ascough - Non-Executive Chairman Alfredo Nunes - Exploration Manager - Phosphate – Over 21 years management and exploration experience evaluating – 20 years exploration and resources evaluation in Brazil a

19. Slide 19: Atlantic Potash Project Highlights

    ATLANTIC POTASH PROJECT HIGHLIGHTS For personal use only ATLANTIC POTASH PROJECT  Adjacent to Brazil’s only operating potash mine  Taquari-Vassouras Mine (Vale) produces <10% of country’s consumption, with reserves in place until 2019.  Concurrently Vale is developing its Carnallita Potash Projec

20. Slide 20: Exceptional Discovery Potential

    EXCEPTIONAL DISCOVERY POTENTIAL For personal use only ■ Large land holding, ~ 200,000 hectares Taquari-Vassouras Mine - Vale Underground / Room and Pillar ■ Historical exploration data obtained from 700,000t KCl pa Brazilian Geological Survey Associated to Bull’s-eyes Gravity Low ■ Petroleum explora

21. Slide 21: Lara Option – Historical Potash Intersections

    LARA OPTION – HISTORICAL POTASH INTERSECTIONS For personal use only ■ Exceptional discovery potential based on results of historical intersections ■ Lara Option - adjacent ground ~ 21,000 hectares

22. Slide 22: Enquiries

    For personal use only ENQUIRIES: SIMON TAYLOR – Managing Director & CEO Telephone: +61 2 9247 3203 staylor@aguiaresources.com.au www.aguiaresources.com.au ASX Code: AGR

23. Slide 23: Appendix 1: Brazilian Border Zone

    APPENDIX 1: BRAZILIAN BORDER ZONE RIO GRANDE TE AND JT PROJECTS For personal use only The Option: Aguia has an option to acquire the Rio Grande Projects TE and JT 100% for 5 million shares. The Issue: An historical throw-back to defence issues that concerned the former military government (1964 – ’8

24. Slide 24: Appendix 2: Tres Estradas JORC Inferred Resource

    APPENDIX 2: TRES ESTRADAS JORC INFERRED RESOURCE For personal use only  Initial JORC compliant inferred resource of 21Mt @ 4.6% P2O51 including higher grade oxide zone from surface of 1.8Mt @ 10.9% P2O5 1 SRK Consulting: cut-off grade of 3.0% P2O5)

25. Slide 25: Appendix 3: Lucena South Project

    APPENDIX 3: LUCENA SOUTH PROJECT DRILLING TARGETS RESOURCE POTENTIAL For personal use only ■CPRM discovered shallow phosphate mineralisation up to 22% P2O5 in several deposits to the west ■Phosphate mineralisation is hosted by a limestone unit (Gramame Formation) that extends through project towards

26. Slide 26: Appendix 4: Phosphate Demand in Brazil and Outlook

    APPENDIX 4: PHOSPHATE DEMAND IN BRAZIL AND OUTLOOK For personal use only Phosphate Demand by ‘000 t P2O5 State in Brazil, 2011 < 25 (‘000 tonnes P2O5)  Average forecast demand for P2O5 25 – 49 is growing at 4% p.a. 50 – 99 100 - 149  This takes rock demand from 6.3Mt 150- 199 to 10.7Mt by 2020. 20

27. Slide 27: Appendix 5: Cost Advantage for Domestic Producers

    APPENDIX 5: COST ADVANTAGE FOR DOMESTIC PRODUCERS For personal use only Suppliers of Phosphate Rock to Brazil  Most imported rock to Brazil is from North Africa with typical logistics costs of between $40 - $50/t  The Bayovar mine in Peru (Vale) has higher logistics costs, but low mining costs Sus

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