Slide 1: Carnegie Potash Project Scoping Study Presentation
CARNEGIE POTASH PROJECT For personal use only Carnegie Joint Venture – Kalium Lakes Limited (KLL) and BCI Minerals Limited (BCI) Scoping Study Presentation July 2018
Slide 2: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement Not an Offer of Securities This document has been independently prepared by Kalium Lakes Limited ("Kalium Lakes" or “KLL”) and BCI Minerals Limited (“BCI Minerals or “BCI”) and is provided for informational purposes only. This document does not constitute or contain
Slide 3: SOP Market Highlights
SOP Market Highlights For personal use only Potassium Sulphate (SOP) is a Premium Fertiliser Supply Does Not Meet Demand No Current Production in Australia Leveraged to ‘Feeding the World’ Thematic Potassium is One of Three Essential Plant Nutrients Global SOP Market is ~6Mtpa, Worth ~US
Slide 4: SOP - The Farmers' Choice but Subject to Price
SOP - The Farmers’ Choice but … Subject to Price • Sulphate of Potash is used principally for For personal use only specialty crops: fruits, nuts, vegetables, berries, beans, bananas, tobacco, pineapple and cocoa • MOP is high in chloride leading to seedling toxicity and overall accumulation of salt
Slide 5: Carnegie Potash Project Highlights
Carnegie Potash Project Highlights S c o p i n g S t u d y, M a i d e n R e s o u r c e a n d E x p l o r a t i o n Ta r g e t c o n f i r m t h e For personal use only CPP has potential to be a technically and economically viable project. Leveraged the knowledge, intellectual property and exper
Slide 6: SOP Production Methods and Costs
SOP Production Methods and Costs SOP is produced in three main w ays: For personal use only • Salt lake brine processing via evaporation and purification • Secondary Process - reaction of MOP with sulphate salts • Mannheim Process - reacting MOP with sulphuric acid to produce SOP and hydrochloric ac
Slide 7: Simple SOP Production Process
Simple SOP Production Process For personal use only Brine Pumping from Bores and Trenches Brine Solar Evaporation Salt Harvesting >160 Million litres successfully pumped to date Located in high evaporation region Low cost well proven process in Western Australia Premium SOP Fertiliser Purification P
Slide 8: Carnegie Potash Project 2018
Carnegie Potash Project 2018 Carnegie Potash Project Animation (Link) For personal use only The Project comprises: • A combination of shallow trenches and production bores • Staged evaporation ponds • Purification plant • Product and excess salt storage areas • Administration, utilities and faciliti
Slide 9: Extensive Hydrogeological Data Collection
Extensive Hydrogeological Data Collection A h yd r o g e o l o g i c a l d a t a c o l l e c t i o n p r o g r a m h a s b e e n For personal use only undertaken, comprising: • 64 auger-hole drilling program completed up to 2 metres deep on an approximate 2 to 3.5 kilometre sample grid • 4 Air Core
Slide 10: Extensive Hydrogeological Data Collection
For personal use only Extensive Hydrogeological Data Collection 10
Slide 11: Mineral Resource and Exploration Target
For personal use only Mineral Resource and Exploration Target Drainable Brine K Grade Drainable Brine Total Brine JORC / CIM Resource K (Mt) SO4 (Mt) Volume (M m3) (mg/l) SOP (Mt) Volume SOP (Mt) Inferred Resource 113.55 3,466 0.39 1.33 0.88 1.46 Exploration Target 459 - 960 3,410 – 3,420 1.57 – 3.2
Slide 12: Bench Scale Metallurgical Testing
For personal use only Bench Scale Metallurgical Testing Discrete metallurgical test w ork undertaken: • KLP conducted bench-scale evaporation testing using knowledge gained from prior testwork performed during the metallurgical test work for the Beyondie Sulphate Of Potash Project. • K-UTEC evaluate
Slide 13: Utilising Kalium Lakes IP, Knowledge and Experience
Utilising Kalium Lakes IP, Knowledge and Experience For personal use only Experience and w ork undertaken on the Beyondie Sulphate of Potash Project that relates to the CPP includes: • Pilot works to verify evaporation pond and purification process design • Extensive field trials of lined and unline
Slide 14: Scoping Study Team – Phased Study Approach
For personal use only Scoping Study Team – Phased Study Approach CJV Manager Hydrogeology & SOP Process Plant & Plant & Infrastructure Pond Liner Test Work, Environmental & Resources Flow Sheet Design Porosity & Geotech Approvals Strategy Specialists in water Germany’s former potash Leader in delive
Slide 15: Carnegie Joint Venture
Carnegie Join Venture BC Iron and Kalium Lakes have entered into the For personal use only Carnegie Joint Venture (CJV) on the Carnegie Potash Project (CPP) in February 2017. Under the terms of the agreement BCI can earn up to a 50% interest in the CJV by sole-funding $10.5M for 3 development stages
Slide 16: Carnegie Potash Project - Upside
Carnegie Potash Project - Upside For personal use only A f ur t her 82, 000 hec t ar es of lake sur f ac e in t he pending t enem ent s ar ea - not inc luded in t he cur r ent I nf er r ed Res our c e and explor at ion t ar get . Close pr oxim it y t o ot her pot ash explor er s wit h m ult iple
Slide 17: Conclusion and Next Steps
Conclusion and Next Steps Co n cl u si o n For personal use only T he r esult s of t he Sc oping St udy conf ir m t hat t he Car negie Pot ash Pr oject is f undam ent all y v iable and f inanc iall y at t r act ive ( subject t o a num ber of sensit ivit ies and m odif ying f ac t or s ) and just if
Slide 18: Notes
Notes ______________________________________________________________________________________ For personal use only ______________________________________________________________________________________ ______________________________________________________________________________________ ___________