Highfield Resources Limited · ASX:HFR
Highfield Resources — Shareholder Meeting (May 2018)
14 slides from Highfield Resources's shareholder meeting presentation, May 24, 2018
Slide 1: AGM Presentation Highfield Resources May 2018
personal use only— » GM Presentation hfield Resources ay 2018
Slide 2: Competent Person Statement and Forward Looking Statements
For personal use only COMPETENT PERSON STATEMENT This presentation was prepared by Mr. Peter Albert, Managing Director of Highfield Resources. The information in this presentation that relates to Ore Reserves, Mineral Resources, Exploration Results and Exploration Targets is based on information pre
Slide 3: Contents
Highfield Resources Limited For personal use only CONTENTS 1. Corporate Summary 2. Potash Market 3. Muga Location and Flexibility 4. Muga’s Competitive Position 5. Progress to date 6. Stakeholder Engagement 7. Permitting Process – Current Steps 8. Highfield Summary 3
Slide 4: Corporate Summary
Corporate Summary For personal use only Equity Ordinary Shares on Issue 329.4m 2.25 3.0 Options 50.8m 2.00 Fully Diluted 380.2m 2.5 1.75 Undiluted Market Cap at A$0.87 (14/05/2018) A$286.6m 1.50 2.0 Cash as at 31March 2018 A$64.9m Volume (m) 1.25 Price (A$) Enterprise Value A$221.7m / EUR€139.7m1 1.
Slide 5: The potash market fundamentals are strong
The potash market fundamentals are strong Market consensus is of a CAGR of 2.5% to 3.5% For personal use only Global population increasing Arable land decreasing Need for fertilizers expected to increase Global Potash K2O Demand 45 40 35 30 Forecast 25 20 2009 2010 2011 2012 2013 2014 2015 2016 2017
Slide 6: Location and flexibility of Muga
Location and flexibility of Muga For personal use only Low delivered cost and production flexibility make Muga a high margin potash mine Proximity to premium local market • Location flexibility: Proximity to ports and world class road systems • Product flexibility: GMOP & SMOP products Competitive a
Slide 7: Muga's Competitive Position
Muga’s Competitive Position For personal use only Simple Mining Proximity to Local First Class Conventional Decline access to Markets Infrastructure Processing shallow mineralisation Located in a potash Direct connection to Sylvinite ore Underground Room and consuming region national electricity gri
Slide 8: Progress to date
Progress to date Recent Muga Milestones For personal use only 01 02 03 04 05 Tendering the Incline Construction detailed Project Revised capital geotechnical preparations with engineering for optimisation numbers drilling started conveyor design other packages of activities ongoing expected in and a
Slide 9: Stakeholder Engagement
Stakeholder Engagement Supporting the local community For personal use only Open Day, Sangüesa, October 2017 Social Development Sustainable Economic Minimise Environmental Development Impact 9
Slide 10: Permitting Process – Current Steps
Permitting Process – Current Steps For personal use only Environmental permitting process moving towards conclusion Submitted full MAPAMA Plan to submit document to MAPAMA requested document mid (April 2017) clarification on June MAPAMA to Reports from all relevant parties only finalise • Full envir
Slide 11: Permitting Process – Current Steps
Permitting Process – Current Steps For personal use only Seismicity and Subsidence Salt • Bringing forward backfilling and salt production to Phase 1 • Stage 1 to produce de-icing salt • Stage 2 to produce vacuum and de-icing salt • Most of the detailed work had already • Global salt market is 350Mt
Slide 12: Highfield Summary
Highfield Summary Well funded with significant long term upside For personal use only Funding • Over €40.81 (A$64.9) million in the bank – as at 31/03/2018 • Supportive project finance syndicate for facility to support construction • Multiple equity participation options Upside potential with an out
Slide 13: Highfield Summary
Highfield Summary Well funded with significant long term upside For personal use only Low capital cost to production Very strong community and local government support High margin driven by technical factors and project location Experienced team of mine builders and operators, for example: Peter Alb
Slide 14: Contact details
@) Ce REGISTERED OFFICE 169 Fullarton Road Dulwich SA 5065 Australia SPAIN HEAD OFFICE Avenida Carlos III, 13-15, 1B, 31002 Pamplona, Spain T +34 948 050 577 | F +34 948 050 578 For personal u FURTHER INFORMATION Peter Albert Managing Director T +34 628 590 109 Olivier Vadillo Investor Relations T +