Minbos Resources Limited · ASX:MNB
Minbos Resources — 1-2-1 Mining Investment, London (May 2024)
28 slides from Minbos Resources's conference presentation, May 2024
Slide 1: Low-Capex, High-Return Green fertilizer business
Low-Capex, High-Return Green fertilizer business “Africa leaders are looking for investments that return value into their local communities. Minbos has a Project with low-capex and high returns, having tailored its fertilizer business to grow and support the local agricultural economy. Good for Minb
Slide 2: Disclaimer
Disclaimer Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to
Slide 3: Company Overview
Company Overview Board & Management Capital Structure Lindsay Reed A Mining Engineer with 40 years’ experience in exploration, development, operations and – Managing Director finance in Australia and Africa. 865M $A50M $A6M $A44M Paul McKenzie Agribusiness consultant with 30 years’ experience advisi
Slide 4: Low-Capex, High Return Projects
Low-Capex, High Return Projects Cabinda Phosphate Fertilizer Project - Low Capex, High IRR - $US16M already spent, $US24M to complete construction, first sales 2025 - Planned low-cost expansion to double capacity - Low execution risk with simple construction and production flowsheet Capanda Green Am
Slide 5: Angolan Fertilizer Market
Soil, Rain, Farmers, Transport…but no Fertilizer Angolan 36M 57M ha 5M ha Fertilizer Population Arable Land Cultivated Land Market In 1970 Angola was a global Growth agriculture powerhouse – World’s fourth largest coffee producer – Exporter of sisal, sugarcane, banana, cotton – Self-sufficient in al
Slide 6: Angola – Lots to Love
Angola – Lots to Love Spectacular, Vast, Gentle ASX:MNB | 6
Slide 7: Angola – Competitive Currency and Exploding Population Growth
Angola – Competitive Currency and Exploding Population Growth Economic conditions and policy favours local production for local markets Local production can compete with imports Population drives food and fertilizer demand ASX:MNB | 7
Slide 8: Cabinda Phosphate Fertilizer Project
Cabinda Phosphate Fertilizer Project P
Slide 9: Our Fertilizer and Angola
Our Fertilizer and Angola built for local soils and crops CABINDA PHOSPHATE NEEDS ANGOLA Acid Soils High Rainfall ANGOLA NEEDS CABINDA PHOSPHATE Low P High P-Fixing Smallholder Farmers ASX:MNB | 9
Slide 10: Our Phosphate Fertilizer Works
Our Phosphate Fertilizer Works More field trials than any other organisation in the history of Angola Since 2019, the Angolan Institute of Agronomic Investigation (IIA) has conducted field trials with MNB Phosphate fertilizer in six provinces Key Takeaway:1 MNB fertilizer performed almost as well as
Slide 11: Biocom Sugar Plantation
Minbos Field Trial Biocom Sugar Plantation Angola’s largest farm
Slide 12: Carrinho Offtake is Critical
Carrinho Offtake is Critical Food Security Crop Surplus Carrinho opens the Carrinho closes market supplying the market credit for inputs buying surplus including fertilizer Rain Transport crop for cash Chemicals Surplus Buyer Fertilizer Credit Provider Seeds Land Farmers Recommendation Soil knowledg
Slide 13: Cabinda Phosphate Fertilizer
Rapid Progress since MIC signed in March 2021 Cabinda Phosphate Fertilizer Project P
Slide 14: Cabinda Phosphate Rock
Cabinda Phosphate Cabinda Phosphate Rock Soft Rock Simplicity High Phosphate grade 30.1% P2O51 High Reactivity 8.7-9.5% P2O52 Longlife Project 20-year life3 Easy 14 Mining free dig Easy Beneficiation simple flowsheet Key Takeaway: simple mining & processing = technically de-risked project 1Proven an
Slide 15: 2022 DFS Financials - Cabinda Phosphate Project (Stage 1 & 2)
2022 DFS Financials - Cabinda Phosphate Project (Stage 1 & 2) Compelling DFS1 including Stage 2 expansion in year 7 Definitive Feasibility Study PHYSICALS UNIT RESULT Mine Life (Base-case) Years 20 Plant Capacity (One Plant Capacity) ktpa 150 Average head grade P205 30.1% Base-case fertilizer produc
Slide 16: Significant improvements post DFS
Significant improvements post DFS Simple flowsheet, CAPEX savings, reduced haulage, sales bought forward Key updates since DFS1 1) Stage 1 CAPEX savings2 • Simplified flowsheet has identified capital savings of ~ $US10 million over the DFS2 • Fertilizer Plant fabricated and currently onsite in Angol
Slide 17: 2024 Parameters vs 2022 DFS
2024 Parameters vs 2022 DFS Carrinho consumption forecasts and Simplified Flowsheet Cabinda Phosphate Sales Projection (kt) Cabinda Phosphate Capex $USM 200 60 180 160 50 140 40 120 100 30 80 20 60 40 10 20 0 0 1 2 3 4 5 6 7 1 2 3 4 5 6 7 8 Year Year DFS Sales Post Carrinho Sales 2022 DFS 2024 Remai
Slide 18: Funding Pathway
Capex and Funding Compelling Stage 1 with only US$24 million to spend to get into Production $40M CAPEX Cabinda Stage 1 $16M Already spent $24M Remaining to complete construction Stage 1 $10M Required for working capital Funding $14M IDC Project Facility (Credit Approved) Pathway $5M Equity raised i
Slide 19: Capanda Green Ammonia Project
Capanda Green Ammonia Project N
Slide 20: Understanding the Ammonia landscape
Understanding the Ammonia landscape Capanda uses Renewable Hydropower, not Fossil Fuels Global ammonia plants: 72% use natural gas and 22% use coal Carbon Intensity: Ammonia production emits 0.5 gigatonnes (Gt) of carbon dioxide (CO2) annually (around 15-20% of total chemical sector emissions and 1%
Slide 21: 200MW Of The Cheapest, Greenest Power Globally
200MW Of The Cheapest, Greenest Power Globally The only green Ammonia Project that makes sense Success Parameters Minbos 20-year green power concession MOU with Angolan power authority (RNT-EP) secured 200MW of Zero- Carbon hydroelectrical power: Availability of electricity - Initial 100MW at US $0.
Slide 22: Africa Inland Premium
Africa Inland Premium Our US$200/t local for local advantage What makes our Project Competitive – Cheap Electricity – High quality water – Markets at the Factory Gate Africa Inland Premium* – Producing Ammonia and its derivative products proximal to inland markets eliminates significant delivery cos
Slide 23: Green Nitrogen Fertilizers & Explosives
Structuring a Minbos-Style Project Low-CAPEX, high returns and matching the opportunity to the market Green Nitrogen Fertilizers & Explosives N The Green Ammonia space is emerging quickly: The company is engaging with multiple parties to supply Ammonia on a Build Own Operate (BOO) basis with a view
Slide 24: Export Plans
7N ASRS MINBOS RESOURCES Export Plans
Slide 25: Phosphate Export Plans - Porto do Caio 2026
Phosphate Export Plans - Porto do Caio 2026 IDC-controlled entity interested in purchasing all the available expansion capacity Key Considerations Mineral Resource Statement Cácata Phosphate Project as of 31 October 2021 – 8.4Mt total Mineral Resource (Measured + Indicated + Resource Update for High
Slide 26: Ammonium Nitrate for the Mining Sector
Ammonium Nitrate for the Mining Sector Lobito Corridor unlocks the de-carbonised explosives market in the Western Copper Belt – November 2022: Trafigura, Mota-Engil and Vecturis signed a 30-year concession for the Lobito railway committing USD450M – October 2023: The USA, EU, AFC, AfDB and the host
Slide 27: Angola Has Land, Water, Renewable Energy & Youth
ANGOLA HAS LAND, WATER, RENEWABLE ENERGY & YOUTH GROWING AN AFRICAN NUTRIENT BUSINESS
Slide 28: Risk Factors
Risk Factors Risks with Operating in Angola equipment, mechanical failure or plant breakdown, unanticipated metallurgical problems which may affect extraction costs, adverse weather conditions, industrial and environmental accidents, industrial disputes and unexpected shortages or increases in the c
Minbos Resources — 1-2-1 Mining Investment, London (May 2024) on 6ix