Aminex Plc · LSE:AEX
Aminex — Shareholder Meeting (July 2025)
19 slides from Aminex's shareholder meeting presentation, Jul 24, 2025
Slide 1: Annual General Meeting
Annual General Meeting Thursday 24 July 2025 London Stock Exchange: AEX www.aminex-plc.com ‹#›
Slide 2: Disclaimer
Disclaimer Certain information contained herein constitutes forward-looking statements, which can be identified by the use of forward-looking terminology such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “may”, “plans”, “projects”, “should” or “will”, or, in each case, their nega
Slide 3: Introduction
Introduction Welcome and thank you for joining us. This year marks a pivotal milestone in Aminex’s journey. We are excited and proud to say that we are now in the construction phase of the Ntorya Project.
Slide 4: Our journey so far: we have turned the corner
Our journey so far: we have turned the corner • National Strategic Project now under construction • Fully Financed to First Gas • Positioned for long-term cash flow and growth We have turned the corner. Ntorya’s substantial resources will play a vital role in Tanzania’s energy strategy and economic
Slide 5: Our journey so far: Ntorya's significance
Our journey so far: Ntorya’s significance • Tanzania’s largest onshore gas development • A 25-year Development Licence and GSA already in place • Tanzanian government fully aligned and fully committed to progress project quickly • Domestic gas supply is critical for: ⚬ Power generation ⚬ Fertiliser
Slide 6: Our journey so far: Tanzania's Energy Landscape
Our journey so far: Tanzania’s Energy Landscape • Population expected to double by 2050 to 140 million • Robust electricity demand growth of 10–15% annually [World Bank] • The industrial sector constrained by a lack of affordable energy [World Bank] • Tanzania is investing in the infrastructure to u
Slide 7: Our journey so far: Milestones
Our journey so far: Milestones • Awarded a 25-year Development Licence; the first Development Licence to be granted in 13 years. • Updated Field Development Plan, proposing a phased development of production from 60 to 140 to 280 MMscf/d, • Award of EPC contract by TPDC to construct 35km 14” pipelin
Slide 8: Our journey so far: Aminex's Leadership since 2020
Our journey so far: Aminex’s Leadership since 2020 Since 2020, Aminex’s management, working with a new operator for Ntorya and a new business- friendly government in Tanzania, has significantly de-risked the company: • Completed Farm Out of Ruvuma, bringing in a highly competent Operator • Significa
Slide 9: The near future: Pipeline construction begins
The near future: Pipeline construction begins Ntorya to Madimba Pipeline • 35km 14” pipeline to connect to the Madimba Gas Processing Plant and then onwards to national pipeline infrastructure • Contractors: China Petroleum Pipeline and China Petroleum & Technology Development Corporation • EPC cont
Slide 10: The near future: Path to First Gas
The near future: Path to First Gas • Complete pipeline construction • Test and hook-up Ntorya-2 • Drill and complete Chikumbi-1 (CH-1) • Workover Ntorya-1 (NT-1) • Commission and produce TPDC confirms Ntorya-Madimba pipeline will be commissioned by the end of July 2026 with gas flowing approximately
Slide 11: The near future: Value inflection triggers
The near future: Value inflection triggers Upcoming catalysts for share value based on Pipeline completion: • Award of CH-1 drilling contract – invitation to tender to go out by mid- August 2025 • Pipeline completion – end-July 2026 • First Gas – one month after Pipeline completion • Ntorya-2 revenu
Slide 12: Ntorya Gas Development: A phased development
Ntorya Gas Development: A phased development An updated Field Development Plan was submitted to TPDC in January 2025, integrating the extensive results of the 3D seismic campaign. It envisages a phased approach to the development. • Initial Phase: Production from NT-1, NT-2, CH-1 of up to 60 mmscf/d
Slide 13: Ntorya Gas Development: Indicative well locations
Ntorya Gas Development: Indicative well locations A much more granular picture of the gas field was developed thanks to 3D sesimic data processing and interpretation, which led to the proposal of a phased development of Ntorya. A hydrocarbon pore volume map developed after the 3D seismic campaign.
Slide 14: Ntorya Gas Development: Wells and phases
Ntorya Gas Development: Wells and phases A much more granular picture of the gas field was developed thanks to 3D sesimic data Second Phase processing and interpretation, which Third Phase First led to the proposal of a Phase Initial phased development of Phase Ntorya. A hydrocarbon pore volume map
Slide 15: Ntorya Gas Development: Production profile
Ntorya Gas Development: Production profile The field has potential to deliver 280 MMscf/d for 20+ years+. Source: APT - updated FDP Jan 2025 (subject to approval by TPDC)
Slide 16: Ntorya Gas Development: Offtakers
Ntorya Gas Development: Offtakers • TPDC committed to 60 MMscf/d • Additional offtakers targeted: ⚬ Power and fertiliser industries ⚬ Regional export pipelines ⚬ Potential LNG integration ⚬ Potential CNG use Our phased plan enables us to increase production with the growing demand— both domestic and
Slide 17: Aminex Now: Lean, Strategic, Aligned
Aminex Now: Lean, Strategic, Aligned • Carried through to First Gas and beyond • Minimal debt and cost efficient • Strong cornerstone investor • Partnered with technically excellent operator (APT) • Excellent relations with the Government We are structured for value creation, with minimal overhead a
Slide 18: Aminex in 2026: Execution and delivery
Aminex in 2026: Execution and delivery • Not just revived – but producing • Ntorya commercialisation has begun • Delivery is now our story We are building. We are producing. And we are growing.
Slide 19: Thank you
Thank you ominex