Greenx Metals Limited · ASX:GRX
Greenx Metals — Prairie Mining — Investor Presentation (November 2016)
31 slides from Greenx Metals's investor presentation, November 2016
Slide 1: Europe's Next Strategic Coal Supplier
Europe’s Next Strategic Coal Supplier November 2016 ASX / LSE / WSE: PDZ ABN: 23 008 667 852
Slide 2: Prairie Mining Highlights
PRAIRIE MINING HIGHLIGHTS Two Strategic, Large Scale Coal Assets • Debiensko Hard Coking Coal Project re-engineering underway • Jan Karski Semi Soft Coking Coal Mine advancing to become Europe’s lowest cost producer Excellent Market Access • Prime location to supply European Steelmakers • Existing r
Slide 3: Coking Coal – The Best Performing Commodity of 2016
COKING COAL – THE BEST PERFORMING COMMODITY OF 2016 Europe consumes over 80 Mtpa of coking coal, of which 64 Mt (80%) is imported; European Commission highlights coking coal the third most critical raw material for European industry Hard Coking Coal Price Since 2013 European Coking Coal Supply / Dem
Slide 4: Key Achievements to Date
KEY ACHIEVEMENTS TO DATE Prairie’s management team has: • Secured an Investment agreement with CD Capital to invest up to A$83m • Acquired the strategic, large scale Debiensko hard coking coal project • Completed a positive PFS at its Jan Karski project in March 2016 • Signed a Co-operation Agreemen
Slide 5: Transformational Acquisition of Debiensko
TRANSFORMATIONAL ACQUISITION OF DEBIENSKO In October 2016, Prairie acquired the strategic large scale Debiensko Hard Coking Coal Project in Southern Poland • Fully Permitted, “Mine Ready” Project of Significant Scale • Strategically Located in the Steelmaking Heartland of Europe • Large Scale Hard C
Slide 6: China Coal Strategic Co-operation Agreement
CHINA COAL STRATEGIC CO-OPERATION AGREEMENT In November 2016, Prairie and China Coal entered into a financing and construction co-operation agreement for the Jan Karski Mine Jan Karski is Significantly De-risked Prairie teams up with World-Leading Partner Poland is a key “One Belt Economy” for China
Slide 7: Strong Cash Position and Strategic Funding Partner
STRONG CASH POSITION AND STRATEGIC FUNDING PARTNER Prairie is well funded with a strong balance sheet and strategic funding partner • Prairie, through its subsidiary PDZ Prairie Mining Limited (ASX/WSE/LSE: PDZ) Holdings, concluded an Investment At 17 Nov 2016 Agreement with global natural resources
Slide 8: Executive Team
EXECUTIVE TEAM Mr. Ben Stoikovich, Chief Executive Officer • Mr. Stoikovich is a mining engineer and professional corporate finance Board of Directors executive • He has extensive experience in the resources sector gained from a career firstly as a Mining Engineer with BHP Billiton where he was resp
Slide 9: Debiensko Hard Coking Coal Project
DEBIENSKO HARD COKING COAL PROJECT
Slide 10: Debiensko – Fully Permitted Mine Ready Project
DEBIENSKO – FULLY PERMITTED “MINE READY” PROJECT 10 Satellite image of Debiensko brownfields mine site and surface infrastructure
Slide 11: Debiensko – Fully Permitted Mine Ready Project (Continued)
DEBIENSKO – FULLY PERMITTED “MINE READY” PROJECT (CONTINUED) Existing shafts on site at Debiensko Rail yard next to Debiensko Established on-site facilities Fully fitted and ready office buildings 11
Slide 12: Debiensko – Strategic Large Scale Hard Coking Coal Project
DEBIENSKO – STRATEGIC LARGE SCALE HARD COKING COAL PROJECT Fully permitted, hard coking coal project in the Upper Silesian Coal Basin in south west Poland • Project bordered by Knurow-Szczyglowice Mine in the north west and Budryk Mine in the north east, both owned and operated by Jastrzębska Spółka
Slide 13: Debiensko – Coal Exploration Target Range
DEBIENSKO – COAL EXPLORATION TARGET RANGE Debiensko - Exploration Target Range Depth Exploration Target Tonnage Range (Mt) All seams to depth approx. 1,100 m* 120 Mt – 150 Mt Depth 1,100 – 1,250 m 90 Mt – 110 Mt Total 210 Mt – 260 Mt** Quality*** Moisture Ash Volatile Matter Sulphur FSI Weighted Ave
Slide 14: Debiensko – Coal Exploration Quality
DEBIENSKO – COAL EXPLORATION QUALITY Historical coal quality analysis completed at Debiensko, and based on Polish reporting standards, has demonstrated coal qualities indicative of internationally traded benchmark premium hard coking coals Potential Debiensko Coal Qualities Weighted Average Whole Ex
Slide 15: Prime Location to Supply European Steelmakers
PRIME LOCATION TO SUPPLY EUROPEAN STEELMAKERS • In 2015, Central Europe (Poland, Germany, Czech Republic, Slovakia, Hungary and Austria) consumed over 25 Mt of hard coking coal • Approximately 50% of Central Europe’s coking plant capacity and steelmaking capacity is within 250 km of Debiensko and co
Slide 16: Jan Karski Mine
JAN KARSKI MINE
Slide 17: Jan Karski Mine – World Class Potential
JAN KARSKI MINE – WORLD CLASS POTENTIAL An advanced, world class semi-soft coking coal project in a proven coal basin located close to existing infrastructure 17
Slide 18: Jan Karski Mine – Key PFS Results
JAN KARSKI MINE – KEY PFS RESULTS The Jan Karski Mine is positioned to become the lowest cost supplier of coal into key regional European target markets Jan Karski Mine PFS Key Parameters Mining Method Longwall Low Operating US$ 24.96/tonne ROM Coal Production (Steady State Average) 8.0Mtpa Costs1 C
Slide 19: Semi Soft Coking and Thermal Coal Price Performance Year to Date
SEMI SOFT COKING AND THERMAL COAL PRICE PERFORMANCE YEAR TO DATE Thermal (CIF Europe) Semi Soft (FOB Aus) 140 120 100 Coal Price (US$/t) 80 60 40 20 0 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 19
Slide 20: Jan Karski Mine – Significant Upside Potential
JAN KARSKI MINE – SIGNIFICANT UPSIDE POTENTIAL Jan Karski Mine - JORC Coal Reserve Estimate – 389 & 391 Seams* (Mt) Indicated Resources 181 Probable Recoverable Coal Reserves (Mt) 170 Probable Marketable Coal Product (Mt) 139 Product Yield 81.9% * Recoverable Reserves are stated on an as-received ba
Slide 21: High Quality Transport Infrastructure
HIGH QUALITY TRANSPORT INFRASTRUCTURE Rail and port studies confirm ample capacity, accessibility and low costs of regional infrastructure Rail Accessibility Underutilised Port Capacity • High quality rail lines connect the Lublin region with the rest of • Port of Gdansk located 520km from project b
Slide 22: Next Steps & Summary
NEXT STEPS & SUMMARY
Slide 23: Next Steps and Work Program
NEXT STEPS AND WORK PROGRAM Debiensko Jan Karski Mine JORC maiden resource China Coal to complete BFS estimate by mid-2017 Environmental consent and Scoping study grant of mining concession Secure Chinese funding Focused infill drill program package Full “wrap-around” EPC Revised JORC Estimate contr
Slide 24: Prairie Positioned to Become the Next Strategic Coal Supplier to Europe
PRAIRIE POSITIONED TO BECOME THE NEXT STRATEGIC COAL SUPPLIER TO EUROPE Two Large Scale Coal Assets in Excellent Market Access to Highly Experienced Management Coal Remains Fundamental to Proven Coal Basins Supply Europe’s Steel Industry and Strategic Partners Europe • Debiensko fully permitted • As
Slide 25: Supplementary Materials
SUPPLEMENTARY MATERIALS
Slide 26: Select Coal Companies Share Price Performance
SELECT COAL COMPANIES SHARE PRICE PERFORMANCE 26
Slide 27: Exploration Target Additional Information
EXPLORATION TARGET ADDITIONAL INFORMATION Sources of Information Seam thicknesses and depths are derived from the historical borehole cards (strip logs), overlying and adjacent mine workings and the New World Resources Karbonia (NWRK) database. Information on seam quality is taken from the official
Slide 28: Exploration Target Additional Information
EXPLORATION TARGET ADDITIONAL INFORMATION Geological Setting and Coal Seams The Debiensko Licence area is situated in The Upper Silesian Coal Basin which contains a thick, up to 8,500 m, sequence of Upper Carboniferous sediments. These have been subject to folding and faulting during the Variscan Or
Slide 29: Competent Persons Statements
COMPETENT PERSONS STATEMENTS Competent Persons Statements – Debiensko Hard Coking Coal Project The information in this presentation that relates to Exploration Targets is based on, and fairly represents information compiled or reviewed by Mr Jonathan O’Dell, a Competent Person who is a Member of The
Slide 30: Compliance Statements
COMPLIANCE STATEMENTS Cautionary Statements and Important Information This presentation has been prepared as a summary only, and does not contain all information about Prairie’s assets and liabilities, financial position and performance, profits and losses, prospects, and the rights and liabilities
Slide 31: Contact Details
CONTACT DETAILS Ben Stoikovich, Chief Executive Officer +44 207 478 3900 Artur Kluczny, Group Executive – Poland +48 22 351 73 80 Sapan Ghai, Corporate Development +44 207 478 3900 | info@pdz.com.au London Office: Unit 1C, 38 Jermyn Street | London | SWY1 6DN Warsaw Office: Ul. Wspólna 35 lok. 4 | W
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