Agrimin Limited · ASX:AMN
Agrimin — Bell Potter Unearthed Natural Resources Conference 2024
26 slides from Agrimin's conference presentation, Feb 14, 2024
Slide 1: Delivering the Nutrition Our World Needs
DELIVERING THE NUTRITION OUR WORLD NEEDS AGRIMIN LIMITED Bell Potter Unearthed Natural Resources Conference February 2024 ASX: AMN
Slide 2: Important notices and disclaimers
Important notices and disclaimers Nature of Document Cautionary Statement This presentation has been prepared as a summary only, and does not contain all information about Agrimin Limited’s The Definitive Feasibility Study results, production target and forecast financial information referred to in
Slide 3: Acknowledgement
Acknowledgement Agrimin acknowledges the Traditional Custodians of Australia and specifically recognises the Kiwirrkurra people, the Parna Ngurrurrpa People and the Tjurabalan People from the lands surrounding Lake Mackay in Western Australia. We pay respect to past, present and emerging Elders and
Slide 4: Globally significant potash deposit, exploration upside, investment portfolio
Globally significant potash deposit The Mackay Project is the world’s largest undeveloped potash bearing salt lake Multi-commodity exploration upside West Arunta landholding hosting highly prospective exploration targets near recent discoveries Valuable investment portfolio 40% shareholding in Tali
Slide 5: Food security for future generations
Food security for future generations
Slide 6: Leveraged to Global Megatrends
Leveraged to Global Megatrends Potash is critical to improve crop yield Growing Global Population How to Feed the World’s Population 9.7bn 6.9bn Population growth 3.bn 77 200 1960 2010 2050 Rising middle class Shrinking Arable Land Per Capita 4.3ha/capita Reduction in arable land 14 2.1ha/capita per
Slide 7: The premium potash fertiliser
The premium potash fertiliser SOP trades at a substantial price premium to MOP Sulphate of Potash (SOP) Current Price1 o Chloride-free source of potassium and sulphur US$630/t o Essential for high value, chloride intolerant Market Size crops such as fruits, vegetables, coffee, tea, vines and tree nu
Slide 8: Primary vs Secondary/Mannheim SOP
Primary vs Secondary/Mannheim SOP Mannheim SOP produces significantly more CO2 and hydrochloric acid by-product • Primary SOP has strong ESG credentials, aligning with global sustainability goals • 50-60% of global SOP production is Mannheim • Displacement of Secondary/Mannheim SOP by Mackay Potash
Slide 9: Mackay Potash Project
Mackay Potash Project
Slide 10: Largest undeveloped potash salt lake in the world
Largest undeveloped potash salt lake in the world Located 940km south of Wyndham Port, Western Australia SOP Ore Reserve 20.0Mt and Mineral Resource of 123.4Mt1 Strong lateral and vertical reserve upside 450ktpa of organically certified use-ready SOP2 +80% renewable penetration through wind and sola
Slide 11: Achievements and lookahead
Achievements and lookahead Diligent technical, commercial and regulatory approach Achievements 2014-2018 2019 2020 2020 2021 2022 Preliminary Feasibility Environmental Definitive Feasibility Environmental Independent Technical Environmental Environment & Heritage Referral Study Scoping Document Re
Slide 12: Process design development
Process design development Designed for Western Australian conditions • Process design incorporates learnings from broader industry and custom process test work: • Robust understanding of pond design, evaporation rate, seasonality and heat balance at Lake Mackay • Process test work incorporates vari
Slide 13: Lake Mackay is a Globally Important Asset
Lake Mackay is a Globally Important Asset Largest undeveloped in the world at 3,500km2 Global SOP Salt Lake Operations by Surface Area 8,000 Developed lake Undeveloped lake • Similar in scale to the existing SOP 7,000 salt lake operations 6,000 • Largest undeveloped in the world 5,000 • Many existin
Slide 14: Primary SOP production and application rates
Primary SOP production and application rates Binding long-term offtakes secured for 70% of planned production Global Primary SOP Production and Application1 • SOP application rates are highest in regions with SOP production • Significant opportunity in the SOP market for a new seaborne supply of SOP
Slide 15: Exploration in the West Arunta
Exploration in the West Arunta
Slide 16: Agrimin's West Arunta tenure
Agrimin’s West Arunta tenure Untested multi-commodity exploration potential • WA1 Resources has made two carbonatite discoveries containing high grades of niobium proximal to Agrimin • Encounter Resources has multiple drill intersections of niobium and TREO1 adjacent to Agrimin • The West Arunta rem
Slide 17: Agrimin has been operating in the West Arunta for 10 years
Agrimin has been operating in the West Arunta for 10 years Strong relationships with Traditional Owners in the region • Agrimin has strong relationships in the West Arunta • Exploration targeting is underway based on available geophysical data and structural interpretation Central Land Tjamu Council
Slide 18: Investments
Investments 1
Slide 19: Tali Resources Pty Ltd
Tali Resources Pty Ltd Substantive exploration potential and WA1 shareholding Tali is a private company that is 40% owned by Agrimin and focussed on exploring the West Arunta: • Tali is a 14% shareholder in WA1 Resources Ltd • Tali holds a significant and highly prospective tenement package in the W
Slide 20: Tali Resources Pty Ltd
Tali Resources Pty Ltd Tali exploration and Rio Tinto joint venture Tali Tenure Package and Exploration • Tali holds a significant and highly prospective tenement package across the West Arunta • Tali has significant operational expertise in the region, strong stakeholder relationships and can lever
Slide 21: Corporate
Corporate
Slide 22: Company Overview
Company Overview Executive team with large-scale operational expertise Corporate Snapshot – ASX: AMN Market capitalisation1 Debbie Morrow $53M Managing Director and CEO Cash balance2 12% ~$3.4M • Highly accomplished energy and mining executive with extensive experience leading large-scale projects a
Slide 23: Thank you
Food security for future generations Globally significant potash deposit The Mackay Project is the world’s largest undeveloped potash bearing salt lake Thank you Multi-commodity exploration upside Please connect on West Arunta landholding hosting highly prospective exploration targets near recent di
Slide 24: Appendix
Appendix
Slide 25: Mackay SOP Project – Mineral Resources and Ore Reserve
Appendix 1 Mackay SOP Project – Mineral Resources and Ore Reserve Measured and Indicated Total Drainable Porosity Aquifer Inferred Resource Mineral Resource Estimate1 volume Measured Indicated Total zone (Mm3) K (mg/L) SOP (Mt) K (mg/L) SOP (Mt) K (mg/L) SOP (Mt) K (mg/L) SOP (Mt) K (mg/L) SOP (Mt)
Slide 26: Contact
CONTACT Office contact: Investor relations: Media contact: 2C Loch Street Debbie Morrow Michael Vaughan Nedlands WA 6009, Australia Managing Director and CEO Fivemark Partners T: +61 8 9389 5363 T: +61 8 9389 5363 M: +61 422 602 720 E: admin@agrimin.com.au E: dmorrow@agrimin.com.au E: michael.vaugha
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