Apc Minerals Limited · ASX:APC
Apc Minerals — Australian Potash — Investor Presentation (November 2020)
18 slides from Apc Minerals's investor presentation, Nov 3, 2020
Slide 1: Q4 FEED Investor Presentation
For personal use only Q4 FEED INVESTOR Timeline Offtake PRESENTATION Approvals Funding
Slide 2: Disclaimer
Disclaimer Nature of this document This presentation has been prepared by Australian Potash Limited (APC or the Company). The information is based on publicly available information, internally developed data and other For personal use only sources. By receiving this presentation, you acknowledge and
Slide 3: Realistic Timeline to Development
The Lake Wells Sulphate of Potash Project Realistic Timeline to Development For personal use only Q4 Construction • Finalise Offtake Program • Finalise Debt facilities • Village & NPI • Finalise EPC contracts • Pre-concentration ponds • EPA Ministerial Statement • Minor & Preliminary works 2021 • Pr
Slide 4: Q4 2020 Newsflow
Q4 2020 Newsflow For personal use only 01 02 Offtake Program Environmental Approval • Targeting 85% - 95% of expanded FEED • EPA has made Report & output under contracted sale agreements Recommendations to the Minister for the to ‘bank’ LSOP offtake position Environment recommending the LSOP proceed
Slide 5: Offtake Program
The Lake Wells Sulphate of Potash Project Premium project Premium fertiliser For personal use only Offtake Program • 130,000 tonnes per annum under binding offtake agreements • FEED Program optimising output volume Targeting further offtake positions into lucrative markets of Tier 1 Trading Partners
Slide 6: Approvals Pathway
Approvals Pathway Environmental Protection Authority and Other DMAs For personal use only Agency COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 • EPA Report to the Minister for Environment RECOMMENDING APPROVAL: MONDAY 7 SEPTEMBER 2020 • Minor & Preliminary Works Approval already received • W
Slide 7: Financing the Build
Financing the Build NAIF, Commercial Debt, Equity For personal use only Northern Australia Commercial Debt Equity Infrastructure 30% of total funding requirement 35% of total funding requirement Facility (NAIF) 35% of total funding requirement www.australianpotash.com.au 2020 Q4 Update 7
Slide 8: Contracting Strategy
Contracting Strategy Risk Mitigation Shareholder Protection For personal use only 6 Packages EPC Contracted Why? Bids received: SOP process plant Schedule guarantee Bids received: Borefield fit-out & HV network Price guarantee Bids received: Power station Process guarantee Construction Bids received
Slide 9: Essential Metrics
Essential Metrics Pre-FEED Results For personal use only The PeerLake Wells Sulphate of Potash Project Comparison SOP Reserve (Proven & Probable) 3.6Mt SOP Resource (100% Measured) – drainable 18.1Mt Planned production 150ktpa^ CapEx $208m^ NPV(8) (Post-tax) $441m^ Bankable Offtake secured 130ktpa –
Slide 10: Board Composition
Board Composition Skills and Governance For personal use only Jim Brett Rhett Matt Cathy Walker Lambert Brans Shackleton Moises Chairman Non-executive Director Project Director Managing Director & Non-executive Director CEO ▪ Appointed Aug 2018 ▪ Appointed May 2017 ▪ Appointed NED May 2017 ▪ Appoint
Slide 11: APC Management
APC Management Resources and Development Focused For personal use only Matt Shackleton Managing Director & CEO Stewart Ryan Simon Scott McCallion Duncan Page Nicholas Project Manager Technical Manager Hydrogeologist Chief Financial Officer ▪ Extensive greenfield and ▪ Industrial Chemist with ▪ Hydro
Slide 12: Corporate Snapshot
Corporate Snapshot Recent capital raising positions Company strongly with zero debt For personal use only Volume Capital Structure Price ($) $0.18 8,000,000 $0.16 Share Price (Nov Placement Issue Price) $0.111 7,000,000 $0.14 6,000,000 Shares on Issue1 549,643,709 $0.12 5,000,000 $0.10 Listed option
Slide 13: ESG and Risk Management
ESG and Risk Management Skills and Governance For personal use only ▪ ASX Corporate Governance Structures ▪ ISO45001 Framework (Gold Standard) ▪ Continuous training and improvement ▪ Deep Commercial and Technical Experience ▪ 1:25 OH&S Professionals on staff ▪ Highly experienced and diversified Boar
Slide 14: Sustainability
Sustainability Respect for Community, Environment, Indigenous Culture & Stakeholders For personal use only Understand, Replacing a Respect, Protect material C footprint Employee Cultural Commitments High-penetration (c.60%) renewable power station Employment & being tendered Contracting Opportunitie
Slide 15: Lake Wells branded SOP is high-purity, organically certifiable and soluble
Lake Wells branded SOP is a high-purity organically certifiable and soluble SOP For personal use only Brine SOP = low cost Low cost, technically feasible bore- pumping operation to produce 17Gl of $12.000 Potash brine per year June 14/2022 Why MOP addition? $80,000 Capital efficiency: same bore-fiel
Slide 16: SOP Market
SOP Market Sulphate of Potash is the premium form of an essential non-substitutable plant fertiliser For personal use only 7M TONNES Essential US$450/t US$3.5B Market Size <1% Chloride/17% Sulphur High-margin SOP Global Demand • SOP = 10% of the global • Potassium is essential • Solar salt = lowest
Slide 17: SOP trades at a Premium to MOP
SOP Market SOP trades at a Premium to MOP For personal use only • Suitability for higher value crops SOP premium to MOP • Suitability for chloride sensitive crops • Scarcity of primary deposits US$100/tonne SOP>MOP • Average cost to convert a tonne of MOP to SOP using Mannheim process • Mannheim pro
Slide 18: For personal use only
For personal use only Suite 31, 22 Railway Road, Subiaco WA 6008 admin@australianpotash.com.au +61 8 9322 1003
Australian Potash — Investor Presentation (November 2020) on 6ix