OKYO Pharma Limited · NASDAQ:OKYO
OKYO Pharma — West African Minerals — Mining Indaba 2016
18 slides from OKYO Pharma's conference presentation, Feb 5, 2016
Slide 1: Building Value at Every Stage
BUILDING VALUE at every stage AIM: WAFM | www.westafricanminerals.com Mining Indaba, February 2016
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”), and the information contained herein, is not for general release, distribution or publication into or in any other jurisdiction where applicable laws prohibit or restrict its release, distribution or publication. This Presentation is being issued by Wes
Slide 3: West African Minerals Corporation (WAFM) Group Overview
West African Minerals Corporation (WAFM) Group Overview Share Capital Issued Share Capital 376.7M Options and Warrants 66.7 M Fully-diluted Share Capital 443.5 M Market Capitalisation1 £6.7M Market Capitalisation1 US$9.7M Cash2 US$5.0M Cameroon Interest: 100%3 Tenement: 4 exploration permits Area: 1
Slide 4: Competitive strengths
Competitive strengths • Strong cash position of approximately US$5million • Three resources discovered and defined in the last two years • Two potential start-up opportunities in coastal Cameroon, close to port and infrastructure • Significant long-term value from large inland permits • Highly skill
Slide 5: Cameroon-Congo Brazzaville iron belt
Cameroon-Congo Brazzaville iron belt Mining Indaba – February 2016 4
Slide 6: Current Status – Sanaga
Current Status – Sanaga • NI-43-101 Inferred Mineral Resource of 82.9 Mt @ 32.1% Fe at a 25% Fe cut-off grade to a depth of 150m below surface (RNS 5th February 2015). • 2,214m RC infill drilling in 37 holes targeting NW-dipping magnetite gneiss units which have now been intersected from surface to
Slide 7: Current Status – Binga
Current Status – Binga • NI-43-101 compliant initial Inferred Mineral Resource of 30.5 Mt @ 29.7% Fe at a 25% Fe cut-off grade, representing infill drilling of 5,806 metres in 3 blocks. • Ground-based geophysical surveys indicate several promising targets extending over a 10km strike length. • Preli
Slide 8: WAFM value strategy #1 – coastal advantage
WAFM value strategy #1 – coastal advantage Gateway opportunities – leveraging existing/developing infrastructure Sanaga - 60km from Douala seaport, 10km to existing main rail line & power Binga – 80-100kms from the Kribi bulk iron ore seaport under development Mining Indaba – February 2016 7
Slide 9: WAFM's Current Value Creation Strategy
WAFM’s Current Value Creation Strategy In recognition of the current weak iron ore market, our strategy for value creation with the current portfolio is to: • Continue low-cost advancement of the Sanaga project: – Securing port contacts and infrastructure allocations, – Conducting further metallurgi
Slide 10: Regional Steel Option
Regional Steel Option • Iron ore cost at 44.4US$/t as of February 5th 2016 • Very far from 128US$/t of January 2014 • Export of concentrate to international off-takers not currently viable So, is a steel industry viable in Central/West Africa to decouple our projects from markets fluctuations? Minin
Slide 11: Regional Steel Project concept
Regional Steel Project concept • Production of 1 MTPA of direct reduced iron (DRI). OR • Production of 1 MTPA of steel products mainly reinforcing bars (rebar). Key requirements for the production of DRI and rebar – iron concentrate and gas and, would be sourced locally in Cameroon. Mining Indaba –
Slide 12: Steel Concept Studies – Overview
Steel Concept Studies – Overview • Region experiencing high level of infrastructure led growth • Almost entirely dependent on steel imports • WAFM has excellent local knowledge of Cameroon and the region • Sanaga ideally situated in hub of regional and domestic trade • Close proximity to gas fields
Slide 13: Steel Concept Studies – Regional Production
Steel Concept Studies – Regional Production Mining Indaba – February 2016 12
Slide 14: Sanaga Location and Infrastructure
Sanaga Location and Infrastructure Mining Indaba – February 2016 13
Slide 15: Conceptual Mine-Site Infrastructure
Conceptual Mine-Site Infrastructure Mining Indaba – February 2016 14
Slide 16: Why Cameroon?
Why Cameroon? • Largest and most diversified economy of the 6-Nation Central African Economic & Monetary Community • Point of entry-exit for sub-region • China, an important partner to Cameroon for 40 years • Gas and electricity key for DRI / steel plants, readily available • Cameroon has advanced i
Slide 17: Experienced Team
Experienced Team • Current CEO of Mandalay Resources Corporation (TSX:MND) Bradford Mills • Founder and Managing Director of Plinian Capital Limited Executive Chairman • Former CEO of Lonmin plc and President of BHP’s Copper Group • Twenty years of experience in the resource industry Anton Mauve • F
Slide 18: WAFM Investment Strengths
WAFM Investment Strengths Positive cash position • Cash position of approx. US$5 million (as at February 2016). Experienced management • Experienced management team led by former senior executives at Lonmin and BHP Base Metals. Near-term value potential • Two potential start-up opportunities in coas