Turnstone Resources Ltd · ASX:TSR
Turnstone Resources — Davenport Resources — Shareholder Meeting (November 2019)
14 slides from Turnstone Resources's shareholder meeting presentation, November 2019
Slide 1: Corporate Presentation November AGM 2019
Corporate Presentation November AGM 2019 WESTERN EUROPE’S LARGEST POTASH INVENTORY © Davenport Resources Ltd. November 2019 www.davenportresources.com.au
Slide 2: Disclaimer
Page 2 DISCLAIMER Davenport Resources Limited (“Davenport”, “DAV”, “The Company”) has issued this Presentation for informational purposes only. It is not intended to, and does not, constitute specific advice to any particular party or person. The information in this presentation is based on publicly
Slide 3: Presenting 2019, a year of achievement
Page 3 Presenting 2019, a year of achievement © Davenport Resources Ltd. November 2019 www.davenportresources.com.au
Slide 4: 2019 Highlights
Page 3 2019 Highlights • 5 billion tonne resource established at JORC Inferred level, with potential for more to follow • Technical and financial scoping studies completed for 4 potential projects within the portfolio • NDA’s agreed with two major German companies • Studies shared with these compani
Slide 5: Two German-speaking directors now on board
Page 10 TWO GERMAN-SPEAKING DIRECTORS NOW ON BOARD Pat McManus: Chairman. Dr Chris Gilchrist: Managing Rory Luff: NE Director. Dr Reinout Koopmans: NE Hansjörg Plaggemars: NE Mineral processing engineers Director. Founder of BW Equities and East Director. Director with over 30 years of mining A Mine
Slide 6: JORC resources established for mining licence areas
Page 14 JORC RESOURCES ESTABLISHED FOR MINING LICENCE AREAS OHMGEBIRGE MÜHLHAUSEN, KEULA AND NOHRA-ELENDE EBELEBEN © Davenport Resources Ltd. November 2019 www.davenportresources.com.au
Slide 7: The largest potash inventory in Western Europe
Page 15 THE LARGEST POTASH INVENTORY IN WESTERN EUROPE HORIZON TONNAGE (MT) K2O % K2O (MT) EBELEBEN Sylvinite 324 15.6 50 Carnallitite 253 7.5 19 MŰHLHAUSEN KEULA Sylvinite 834 12.1 101 Carnallitite 296 8.2 24 MŰHLHAUSEN NOHRA-ELENDE Sylvinite 101 14.2 14 Carnallitite 1,597 9.4 150 KŰLLSTEDT Sylvini
Slide 8: Davenport has a portfolio of at least major projects
Page 17 DAVENPORT HAS A PORTFOLIO OF AT LEAST 4 MAJOR PROJECTS Mülhausen – Keula - Küllstedt Ebeleben • 2.7 Bt resource containing 290 Mt K2O also containing • 577 Mt resource containing high-grade thick Sylvinite sulphate potash minerals. intersections. • Potential for a large, long-life, conventio
Slide 9: Scoping studies
Page 16 SCOPING STUDIES Davenport has completed preliminary For example, the Ohmgebirge area which is scoping studies on several of its licence areas surrounded by former mines, some with using the expert potash consultancy K-Utec. access shafts which are still operational. Road, rail, water, gas an
Slide 10: The path to production
Page 21 THE PATH TO PRODUCTION 2021 Project financing Early-2020 Incorporation of Project partners 2019 Completion of Production 2021-2023 Economic studies Construction 2018 Late-2020 Definition of Completion of JORC resources Feasibility studies 2017 Licence acquisition © Davenport Resources Ltd. N
Slide 11: Price forecast – prices will continue to rise
Page 9 PRICE FORECAST – PRICES WILL CONTINUE TO RISE 2019 © Davenport Resources Ltd. November 2019 www.davenportresources.com.au
Slide 12: A compelling business case
Page 22 A COMPELLING BUSINESS CASE • Large high quality resources in historic potash region • Resources support long-life project options > 50 years • Low-risk jurisdiction These projects tick • Regional government supportive of job creation projects all the boxes • Proximity to markets (Europe stil
Slide 13: Building Western Europe's largest potash inventory
BUILDING WESTERN EUROPE’S LARGEST POTASH INVENTORY © Davenport Resources Ltd. November 2019 www.davenportresources.com.au
Slide 14: Investor & media enquiries
INVESTOR & MEDIA ENQUIRIES Dr Chris Gilchrist - Managing Director Paul Cahill - Managing Director Davenport Resources Ltd Bacchus Capital Advisers Limited +353 41 988 3409 +44 (0) 203 848 1643 cgilchrist@davenportresources.com.au paul.cahill@bacchuscapital.co.uk © Davenport Resources Ltd. November O
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