Tertiary Minerals Plc · LSE:TYM

Tertiary Minerals — Investor Presentation (February 2016)

22 slides from Tertiary Minerals's investor presentation, Feb 24, 2016

  1. Slide 1: Building a Strategic Position in the Fluorspar Sector

    Building a Strategic Position in the Fluorspar Sector Company Presentation 24 February 2016

  2. Slide 2: Disclaimer

    Disclaimer The content of information contained in these slides and the accompanying verbal presentation (together, the “Presentation”) has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance upon this Presentation for the pu

  3. Slide 3: Board of Directors

    Board of Directors 1. Patrick Cheetham, Executive Chairman  Geologist.  34 years’ experience in mineral exploration.  29 years’ experience in public company management.  Founder of the Company, Dragon Mining Ltd, Archaean Gold NL and Sunrise Resources plc. 4 5 1 2 3 2. Richard Clemmey, Managing

  4. Slide 4: Company's Aims, Strategy and Business Plan

    Company’s Aims, Strategy and Business Plan Company’s Opportunity in Fluorspar (CaF2) • Fluorspar is an essential raw material in the basic chemical, steel and aluminium industries and in a growing number of high-tech green technologies and pharmaceutical applications. • Fluorspar has a growing econo

  5. Slide 5: Fluorspar Market

    Fluorspar Market • Major Producing regions: China (>50% of the world’s Average Acid-spar Prices 2000-2016 US$/t production); Mexico; Mongolia/CIS; South Africa; Vietnam 600 • China exports have declined substantially since 2000 500 Price US$/t 400 driven by increasing internal demand and production/

  6. Slide 6: Strategic Project Locations and Performance

    Strategic Project Locations and Performance • Three 100% owned fluorspar projects strategically located in the USA and Europe • Maintained momentum with the development of its projects through the mining cycle in line with its aims and strategy • The Company has continued to increased its fluorspar

  7. Slide 7: Sweden - Storuman Fluorspar Project

    Sweden - Storuman Fluorspar Project Excellent Location & Infrastructure • Adjacent to the main E12 highway • Storuman town and new bulk rail terminal – 25 km • Road and rail linked to Umeå Port – 240 km Umeå Lars Lind 7

  8. Slide 8: Storuman Fluorspar Project Positive Scoping Study

    Storuman Fluorspar Project Positive Scoping Study – Scott Wilson Tonnage/grade in pit (non-JORC) 18mt @12.3% CaF2 Strip Ratio 2.2:1 Mining Rate c. 1 million tpa Fluorspar Price (CIF Rotterdam) $US 357/tonne Average Annual Production Acid Grade Fluorspar 103,000 tpa Mine Life 18 years Initial Capital

  9. Slide 9: Storuman Fluorspar Project Milestones

    Storuman Fluorspar Project 2014 & 2015 Milestones • Preparation and submission of Exploitation (Mine) Permit application – Completed Q2 2014 • Ongoing Preliminary Feasibility Study (PFS) metallurgical testwork, optimisation and constructive end user discussions and plant visits 2016 Target Milestone

  10. Slide 10: Storuman Target - Medium Scale Global Producer

    Storuman Fluorspar Project Storuman Target - Medium Scale Global Producer Storuman vs Leading Producers 2012 1,200,000 Production rate of 103,000 tpa: 1,000,000 • Medium Scale Global Producer 800,000 • Production (t) A Leading European Producer 600,000 • Resource base will support future expansion 4

  11. Slide 11: Storuman Mining and Processing

    Storuman Fluorspar Project Mining and Processing • Low waste : ore ratio and horizontal ore horizons with no fluorspar mineralisation in the granite basement lends itself to cut and fill mining technique (progressive restoration) • Processing method is common in the mining industry – not bespoke Ope

  12. Slide 12: Norway - Lassedalen Fluorspar Project

    Norway - Lassedalen Fluorspar Project Excellent Location & Infrastructure • 500 m from highway E134 & Railway • 6 km from famous silver mining town of Kongsberg • 50 km from Port of Drammen • 80 km SW of City of Oslo 12

  13. Slide 13: Lassedalen History and Geology

    Lassedalen Fluorspar Project History and Geology • Steeply dipping fluorspar vein system in 4 km long vein breccia zone • Drilled by Norsk Hydro in the 1970’s – 28 diamond holes • Proved vein over 2.7 km strike length • Open at depth and along strike 13

  14. Slide 14: Lassedalen Milestones Achieved

    Lassedalen Fluorspar Project Milestones Achieved • Positive Scoping Study (Wardell Armstrong International) – 2012. Base Case Extended Mine Case Tonnage Mined (Underground) 3.6mt @ 22.4% Fluorspar 4.5mt @22.4% Fluorspar Mining Rate 543,000 tpa 543,000 tpa Fluorspar Price (CIF Rotterdam) $US 491/tonn

  15. Slide 15: USA - MB Fluorspar Project

    USA - MB Fluorspar Project Nevada - Most Favourable Mining Jurisdiction in the USA • Located 19 km SW of Eureka, Eureka County, Nevada • 46 Mining Claims >2,800 acres • Trans-national road and rail links, rail 161 km from the project location • 780 km to port of San Francisco • Road access to and ov

  16. Slide 16: MB Fluorspar Project 2013 – 2015 Milestones

    MB Fluorspar Project 2013 – 2015 Milestones • Phase 1&2 drilling programmes  26 holes, 3220 metres • Large Maiden JORC Compliant Mineral Resource Estimate – completed April 2014. Classification Million Tonnes (Mt) Fluorspar (CaF2%) Indicated (8% CaF2 cut-off) 8.9 10.3 Inferred (8% CaF2 cut-off) 29.

  17. Slide 17: MB Project - 3D Model Display

    MB Fluorspar Project MB Project - 3D Model Display Mineralisation at 9% Cut-off and Optimised Pitshell LELT | fits ;® | ie Sa / ey 17

  18. Slide 18: MB Fluorspar Project 2015 & 2016 Milestones

    MB Fluorspar Project 2015 & 2016 Milestones • 166 line-km ground magnetic survey completed • Phase 4 drilling programme - Highlights  4 holes, 1,553 metres • Hole 15TMBRC036 – 484m:  89.91m grading 12.02% CaF2 from 120.40m depth (total of 8 significant fluorspar intersections)  Including 31.99m g

  19. Slide 19: MB Fluorspar Project 2016 Target Milestones

    MB Fluorspar Project 2016 Target Milestones2 • Phase 4 Drilling completed  4 holes, 1553 metres • Progress onto next phases of development:  Metallurgical testwork  Economic modelling  Scoping Study  Mine Permit planning Note 2: All target schedules are subject to change, funding and successful

  20. Slide 20: Non-Core Projects

    Non-Core Projects • Kaaresselkä & Kiekerömaa - Gold, Finland  Kaaresselkä licence renewal granted in March 2013, expiry March 2016 – renewal application submitted  Kiekerömaa licence renewal granted in April 2014, expiry April 2017  No material work planned, continue to seek potential partners or

  21. Slide 21: Investment Case

    Investment Case Tertiary Minerals plc - The only UK public traded company offering an exciting exposure to fluorspar – a critical and strategic mineral with the USA and Europe facing a potential risk of security of supply • Three 100% owned fluorspar assets strategically located in the USA and Europ

  22. Slide 22: Thank You For Your Time and Support

    Building a Strategic Position in the Fluorspar Sector THANK YOU FOR YOUR TIME AND SUPPORT Nominated Adviser & Joint Broker Joint Broker Tertiary Minerals plc S P Angel Corporate Finance LLP Beaufort Securities Ltd Richard Clemmey/ Ewan Leggat/ Jon Belliss/ Patrick Cheetham Tercel Moore Elliot Hance

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