Parkway Corporate Limited · ASX:PWN
Parkway Corporate — Potash West NL — Investor Presentation (February 2012)
18 slides from Parkway Corporate's investor presentation, Feb 29, 2012
Slide 1: An essential fertiliser for growing markets
Disclaimer Disclaimer This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. N
Slide 2: Disclaimer
Disclaimer This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement
Slide 3: Investment Highlights
Investment Highlights • Exposure to the booming potash business • Potash West dominates tenure in one of the world’s largest known glauconite deposits • Significant resource potential • Ready market on doorstep • Glauconite deposits are recognized as a potential potash feed stock • High extraction p
Slide 4: Population Dynamics
Population Dynamics 10 Population (Billions) LHS 0.45 9 Arable Land per person (hectares) RHS 0.4 8 0.35 7 0.3 6 Population, B Arable Land 0.25 5 ACN 147 346 334 0.2 4 0.15 3 2 0.1 1 0.05 0 0 1960 1970 1980 1990 2000 2010 2020 F 2030 F 2040 F 2050 F Effect of K on corn
Slide 5: Fertiliser Business
Fertiliser Business •Three elements are needed in 10’s and 100’s of Kg per hectare: • N, Nitrogen • P, Phosphorous • K, Potassium •Not interchangeable ACN 147 346 334 •Different Crops different ratios of each •Fertiliser blenders mix products for Effect on wheat and corn crops region, from bulk raw
Slide 6: Potash Usage Rates
Potash Usage Rates Kg KCl per hectare Bananas ACN 147 346 334 Sugar Cane Tomatoes Oil Palm Corn Wheat Effect of K on rice Rice Soybeans 0 500 1000 1500 2000 2500 3000
Slide 7: Potash Market
Potash Production and Sales by Region Million tonnes af GB World potash production: ™§) World potash sales: Le eR ae 2007: 57.8 milliont 2007: 58.7 million t and low grade potash 2006: 50.9 million t 2006: 50.7 million t Sources. IFA, K+S
Slide 8: Price of Potash, US$/t, FOB Vancouver
Price of Potash, US$/t, FOB Vancouver 1000 900 800 700 600 500 400 300 200 100 0 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Source: Potashcorp Sept 2011
Slide 9: The Board
The The Board Board Adrian Griffin – Chairman • Mine production and corporate management, • Ex CEO Dwyka Minerals, founding director of Washington Resources, Ferrum Crescent and Northern Minerals, MD Midwinter Resources Patrick McManus– Managing Director • Industrial minerals specialist. Rio Tinto,
Slide 10: Aggressive Work Programme
Aggressive Aggressive Work Work Programme Programme Infill resource Resource drilling drilling starts process route Resource defined Scoping Study identified Completed Stratigraphic drilling commences Process testwork commences, mapping for target areas ASX Listing March ‘11 June ‘11 Sept ‘11 Dec ‘1
Slide 11: Project Location
Project Location • +2900 km2 of prospective area • Great infrastructure • Close to local markets • Close to rail and export ports
Slide 12: Geology
Geology • Controlling position in one of the largest glauconite deposits known • Limited previous drilling indicates glauconite continuous for more than 150km strike, with width of over 15km and thickness likely to be +20m potentially, the deposit could be significant on world stage. • Mineralisatio
Slide 13: Results to date
Results to date • Regional drilling completed, assaying in progress • Leaching testwork commenced, good dissolution evident • KCl and K2SO4 produced on laboratory scale 100.0 90.0 80.0 Extraction (%) 70.0 60.0 K, % extraction against time 50.0 40.0 30.0 20.0 10.0 0.0 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14
Slide 14: Market Opportunities
Market Opportunities • Australia consumes ~ half a million tpa Potash, all imported • WA and QLD 40% each. WA prefers K2SO4(price premium) • There is no potash production in Australia, • Project located within Australia’s largest potash consuming area • Established domestic infrastructure • Establis
Slide 15: Value Proposition, Potash Explorers
Value Proposition, Potash Explorers Company Projects Location Status Market Cap (Feb 12) Western Potash (TSX: WPX) 2 MOP Canada 1 Expl $C220M 1 Resource Potash One (TSX: KCl) MOP Canada PFS completed C$355M Takeover from K & S Allana Potash (TSX V: AAA) MOP Ethiopia Resource C$169M Athabasca Potash
Slide 16: Capital Structure
Capital Structure CAPITAL STRUCTURE Category % issued cap Number of shares New capital (IPO) 39 30,000,000 Contingent Entitlement Shares 20 15,000,000 Image shareholders 16 12,500,000 Elsinore Energy 16 12,500,000 Existing shareholders 7 5,000,000 Employees 2 1,237,500 100.0 76,237,500 Market capita
Slide 17: Investment Highlights
Investment Highlights • Exposure to the booming potash business • Tight capital structure • The company has a skilled & experienced management team • High extraction possible with simple extraction technology • technical programme commenced • Techniques applicable to other deposits, • valuable IP be
Slide 18: Thank you Questions
Thank you Questions Adrian Griffin Unit 3 Chairman 23 Belgravia Street Mobile +61 (0) 418 927 658 Belmont WA 6104 adrian.griffin@potashwest.com.au PO Box 588 Belmont WA 6984 Patrick McManus Managing Director Phone +61 (0) 8 9479 5386 Mobile +61 (0) 408 956 798 Fax +61 (0) 8 9475 0847 patrick.mcmanus
Potash West NL — Investor Presentation (February 2012) on 6ix