Phosco Ltd · ASX:PHO
Phosco — Investor Presentation (March 2022)
18 slides from Phosco's investor presentation, Mar 16, 2022
Slide 1: Advancing the World-Class Chaketma Phosphate Project
For personal use only Advancing the World-Class Chaketma Phosphate Project March 2022
Slide 2: Disclaimer - Important Information
Disclaimer - Important Information For personal use only The purpose of this presentation is to provide general information about PhosCo Ltd (PhosCo or the Company). It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation. This
Slide 3: Phosphate – A Critical Raw Material
Phosphate – A Critical Raw Material For personal use only Finite and non-renewable material Needs replenishing in cultivated land where soils become depleted No substitute for phosphorus in agriculture Essential to improving crop yields to meet food demands for the world’s growing population
Slide 4: Five Countries Control 90% of Global Reserves
Five Countries Control 90% of Global Reserves For personal use only ▪ China – 30% of world trade has just imposed export ban ▪ US depleting reserves and environmental challenges ▪ US imposed import tariff on Moroccan and Russian phosphate ▪ Morocco – reserves in disputed Western Sahara USA Morocco 7
Slide 5: Growing Demand Beyond Agriculture
Growing Demand Beyond Agriculture For personal use only ▪ Tesla announces a ▪ Thermal stability shift to Lithium Iron and good long- Phosphate (LFP) term performance batteries for standard range vehicles ▪ Nickel and cobalt- ▪ Other leading car free, better for the manufacturers environment followin
Slide 6: PhosCo’s Strategy
PhosCo’s Strategy For personal use only 1 2 3 Complete Chaketma Build World Class Advance to Fully Bankable Feasibility Study Phosphate Mine Integrated Fertilizer Facility ✓ High-grade, large scale ✓ Target low-cost strip mining ✓ Capture higher margins on resource ✓ International funding end-produc
Slide 7: Chaketma Phosphate Project
Chaketma Phosphate Project For personal use only Potential Tier-1, long life mine with downstream fertiliser production optionality ▪ Located in Tunisia o 210km SW of Tunis, with access by bitumen road o 35km from railhead o Access to ports o Gas and grid power nearby ▪ Global JORC 2012 Resource: 14
Slide 8: Proximal to Key Export Markets
Proximal to Key Export Markets For personal use only ▪ Tunisia is the northernmost country in Africa and right on Europe’s doorstep ▪ Major phosphate producer and exporter with existing infrastructure, extensive road, rail and energy networks ▪ Diverse economy – agriculture, mining, manufacturing, p
Slide 9: Corporate Overview
Corporate Overview For personal use only 241M $26.5M Major Shareholders (%) Lion Selection Group SHARES ON ISSUE MARKET CAP 15% ASX: PHO At $0.11/sh 47% Board & Management Retzos Holdings 14% $3.1M Nil Polo Resources 13% Other CASH DEBT 11% Proforma 31 Dec 2021 As at 31 Dec 21 plus T2 placement proc
Slide 10: Board & Management
Board & Management For personal use only A team with deep industry experience & success in Africa 13% Robin Widdup Simon Eley Taz Aldaoud Donald Thomson Craig Smyth Chairman Managing Director/CEO Executive Director Country Manager Chief Financial Officer Robin has over 40 years of Simon has vast exp
Slide 11: Resource Review Underway
Resource Review Underway For personal use only Global JORC Resource: 148.5Mt @ 20.6% P2O51 Defined from drilling at only 2 of 6 prospects, KEL and GK Resource update at KEL delivers on size & confidence: ✓ Tonnage increased by 50% 9 holes drilled, averaging 15.3m @ 20.5% P2O53 ✓ Increased confidence
Slide 12: KEL Resource Upgrade Boosts Size & Confidence
KEL Resource Upgrade Boosts Size & Confidence For personal use only • KEL JORC 2012 resource grows by 50% to 55.5Mt @ 21.2% P2O5 • Consistent, wide and high-grade phosphate mineralisation close to surface • Potential 30-year mine life from this deposit alone, with half of the prospect still undrille
Slide 13: Conceptual Staged Development
Conceptual Staged Development For personal use only Stage 1: Rock Phosphate Project ▪ Open pit mine with low strip ratios ▪ Simple wash/ screen or flotation ▪ Favourable metallurgy ▪ Multi-decade mine life with incremental expansion optionality Stage 2: Integrated Fertiliser Project ▪ Commence BFS o
Slide 14: Project Timeline & Deliverables
Project Timeline & Deliverables For personal use only ▪ GAP Review to assess optimisations required to convert 2015-2017 studies to BFS standard ▪ Progress to PFS using 2012 Scoping Study and update for revised metallurgical test work completed in 2014 plus any appropriate drilling or other work con
Slide 15: Green Shift
Green Shift For personal use only ▪ The world will invest $150 trillion in sustainability efforts by 2050 ▪ Wind, solar and treatment routes being considered by various research organisations ▪ PhosCo is also assessing various proposals which aim to facilitate a green shift in the way phosphate fert
Slide 16: World Class Phosphate Project
World Class For personal use only Phosphate Project Critical raw material to play important role in food security Potential multi-decade mine High-grade & shallow resource Significant exploration upside Close to key infrastructure & export markets
Slide 17: Contact
For personal use only Contact Taz Aldaoud E: taz.aldaoud@phosco.com.au T: +61 (0) 473 230 558 www.phosco.com.au
Slide 18: APPENDIX: Joint Venture Overview
APPENDIX: Joint Venture Overview For personal use only History TMS owes US$5.0M TMS damages & costs ▪ 2015 – Illegal transfer 2015 ▪ 2017 – International arbitration orders return of 50.99% 48.99% 50.99% interest and awards US$4M in damages & costs (with interest, now US$5m) ▪ 2019 2017– Tunisian Co