Parkway Corporate Limited · ASX:PWN
Parkway Corporate — Potash West NL — Shareholder Meeting (November 2013)
24 slides from Parkway Corporate's shareholder meeting presentation, Nov 25, 2013
Slide 1: Presentation to AGM, 25 November 2013
Disclaimer Disclaimer For personal use only 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
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may
Slide 3: Disclaimer
Disclaimer For personal use only Information in the presentation that relates to the Mineral Resource estimate for Dinner Hill is fully described in the ASX release of 11 October 2012. Information relating to the Dinner Hill Extended Exploration Target was released to the ASX on 07 May 2013. Informa
Slide 4: Company Snapshot
Company Snapshot For personal use only ASX Code: PWN Shares on issue 19% 94M ADR OTC-QX Code: PWNNY Options, 28c to 60c 11.6m Share Price:(As at 22 November AU$0.11 2013) Market Cap: AU$10m 12 Month range: AU$0.10 – 0.35 Experienced Board and Management Team Adrian Griffin – Chairman • Mine producti
Slide 5: Investment Case
Investment Case For personal use only • Potash West is creating an opportunity in the global fertiliser industry, by: • Making fertiliser products from one of the worlds largest glauconite deposits • Low cost, low risk route to cashflow through Phosphate production first Greensand Glauconite Fertili
Slide 6: Fertiliser Business
Fertiliser Business For personal use only • 3 Fertiliser Bulk commodities • N, Nitrogen • P, Phosphorous • K, Potassium • Not interchangeable • Different crops = different ratios ACN 147 346 334 Image (Above): Effect on wheat crops • Fertiliser blenders mix products for region, from bulk raw materia
Slide 7: Population Dynamics
Population Dynamics For personal use only 10 0.45 Population (Billions) LHS 9 0.4 Arable Land per person (hectares) RHS 8 0.35 7 0.3 6 0.25 5 0.2 4 0.15 3 2 0.1 1 0.05 0 0 1960 1970 1980 1990 2000 2010 2020 F 2030 F 2040 F 2050 F 7
Slide 8: Potash Market
Potash Market For personal use only 1000 900 800 700 600 500 400 300 200 Price of Potash 100 KCl US$/t, FOB Vancouver 0 8
Slide 9: Phosphate Market
Phosphate Market For personal use only 200 180 160 140 120 100 Price of 80 60 Forecast Phosphate Rock 40 US$/t 20 Source: siteresources.worldbank.org 0 9
Slide 10: Project Location
Project Location For personal use only • + 2700 km2 of prospective area • ~150km of strike • ~+20km width • Many intersections +20m • Great infrastructure • Close to local markets • Close to rail and export ports 10
Slide 11: Aggressive Work Programme
Aggressive Aggressive Work Work Programme Programme For personal use only • IPO • Stratigraphic drilling • process testwork • Resource targets identified • Flowsheet identified • JORC resource • Scoping study results • Phosphate study results • Phosphate feasibility study 11
Slide 12: Exploration
Exploration For personal use only The type stratigraphic section The Basin • Length 150km Cover • Width 30km • Greensand widespread, Poison Hill Greensand • up to 80m thick Phosphate Nodules Gingin Chalk Molecap Greensand Basement 12 12
Slide 13: Cross-Section at Dambadjie
Cross-Section at Dambadjie For personal use only 2 Metres 13
Slide 14: Dinner Hill Resource
Dinner Hill Resource • Total high grade K-Max resource 122 Mt @ For personal use only 4.6%K2O, within less than 20% of Dinner Hill target Dinner Hill area • Exploration target of 1 to 1.5Bt, @ 4.0 to 4.8% K2O (NB: The potential quantity and grade of the target is conceptual in nature, as there has b
Slide 15: Flow Sheet
Flow Sheet Greensands ore For personal use only Glauconite K-Max Concentrate plant Bulldozer mining, pumping Primary Primary Upgrade Leaching Crystallisation Plant Leach residue Co-Product Co-Product Recovery Separation Phosphate Plant Aluminium, Potash Iron & Products, Phosphate SOP & KMS Tails bac
Slide 16: Phosphate Plant Study Parameters
Phosphate Plant Study Parameters For personal use only • Mining Rate 3.8 Mtpa • One product: • 342,000 tpa Single superphosphate • 100,000 tpa consumed locally • Balance exported 16
Slide 17: Scoping Study Results, Phosphate
Scoping Study Results, Phosphate For personal use only Throughput 3.8 mtpa NPV8 $m 218 Capital Costs, $m 144 Opex, $/tonne of product 285 Revenue, $/tonne of product 383 IRR % 26.2 Mine Life +20 years 17
Slide 18: K-Max Study Parameters
K-Max Study Parameters For personal use only • Mining Rate 2.4 Mtpa • Suite of products: • 85,000 tpa Sulphate of Potash, SOP • 195,000 tpa high Magnesium SOP, KMS • 220,000 tpa Iron oxide • 900,000 tpa Aluminium Sulphate • 310,000 tpa phosphate • SOP and Phosphate consumed locally • Balance exporte
Slide 19: Scoping Study Results, K-Max
Scoping Study Results, K-Max For personal use only Throughput 2.4 mtpa NPV10 $m 808 Capital Costs, $m 650 Opex, $/tonne of feed 55 Revenue, $/tonne of feed 150 Alum 40%, Potash 30%, Phosphate 25%, Iron 5% IRR % 21.0 Mine Life +60 years 19
Slide 20: Development plan
Development plan For personal use only • Immediate target, focus on phosphate project: • low technical risk • Lower capital requirements • Short distance to ports and markets allow low cost, high value add • Investigate and quantify synergies between projects • Shared front end, mining and concentra
Slide 21: Medium term Plan
Medium Aggressive termWork PlanProgramme For personal use only ACTIVITY COMPLETION Scoping study results Dec 2012 Phosphate Study Q3 2013 Phosphate Feasibility Study Q4 2015 Phosphate Construction Q4 2017 K-Max Pilot Plant 1 year Pre Feasibility Study 0.5 years Feasibility Study 1 to 2 years Constru
Slide 22: Value Proposition, Potash Explorers
Value Proposition, Potash Explorers For personal use only Company Projects Location Status Market Cap Western Potash (TSX: WPX) 2 MOP Canada 1 Expl C$65M 1 Resource Sirius Minerals (AIM: SXX) 3 MOP 1 MOP/SOP UK, Australia, USA Resource 1.35 Bt@ 25.6 % K2SO4 ₤175M Verde Potash (TSX V: NPK) Green Slat
Slide 23: Investment Highlights
Investment Highlights For personal use only • Exposure to the growing fertiliser business • region is major importer • Tight capital structure • Low risk start up with phosphate project • High margin operations • Control of one of the world’s largest known glauconite/greensands deposits • Significan
Slide 24: Thank You
For personal use only Thank You Patrick McManus Unit 3 Managing Director 23 Belgravia Street Mobile +61 (0) 408 956 798 Belmont WA 6104 patrick.mcmanus@potashwest.com.au PO Box 588 Adrian Griffin Belmont WA 6984 Chairman Mobile +61 (0) 418 927 658 Phone +61 (0) 8 9479 5386 adrian.griffin@potashwest.