Avenira Limited · ASX:AEV

Avenira — Investor Presentation (July 2018)

16 slides from Avenira's investor presentation, Jul 31, 2018

  1. Slide 1: Investor Presentation July 2018

    For personal use only JULY 2018 Investor Presentation ASX: AEV ♦ ABN 48 116 296 541

  2. Slide 2: Disclaimer

    Disclaimer For personal use only This presentation has been prepared by Avenira Limited (Avenira). This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Avenira. This document does not constitute an o

  3. Slide 3: Rationale to Invest

    Rationale to Invest For personal use only  Independent phosphate company with enviable industry support  80% interest in the Baobab Phosphate Project in the Republic of Senegal  Currently selling product on a small scale  Studying an expansion project to produce 1mtpa of high- grade product  Fe

  4. Slide 4: Corporate Snapshot

    Corporate Snapshot For personal use only BOARD OF DIRECTORS CAPITAL STRUCTURE Chairman Brett Clark Share price (30 July 2018) A$0.03 Managing Director Louis Calvarin Shares in issue (ASX: AEV) 916.0m Non-Executive Director Ian McCubbing Options (25c, Sept 2019 expiry) 80.0m Non-Executive Director Ch

  5. Slide 5: Phosphate Rock: Critical for Food Security

    Phosphate Rock: Critical for Food Security For personal use only PHOSPHATE MARKET OVERVIEW  Phosphate rock - ingredient for essentially all phosphate products  90% global demand is in fertilisers  Food demand predicted to double by 2050  High incidence of vertical integration: only ≈ 12-15% of a

  6. Slide 6: The Gadde Bissik Mine

    The Gadde Bissik Mine an established phosphate rock mine in Senegal, West Africa For personal use only currently processing stockpiles

  7. Slide 7: Baobab Project Overview

    Baobab Project OVERVIEW For personal use only  Phosphate rock mine located in Senegal, West Africa  80% owned by Avenira, 20% owned by Mimran Group (Senegal’s largest private employer and experienced agriculture industry participant)  Senegal is a stable West African jurisdiction with multiple mi

  8. Slide 8: Hitting the Milestones

    Hitting the Milestones For personal use only EXISTING OPERATION FAVOURABLE INDUSTRY  In country operating skills  Price recovery underway  Supply chain experience  12-15% phosphate is freely traded  Accumulating customer familiarity with  Baobab important to independent supply phosphate rock p

  9. Slide 9: Baobab Project Location

    Baobab Project LOCATION For personal use only  ≈ 150 km from the port of Dakar in Senegal, West Africa  Close to infrastructure and labour  Sedimentary Phosphate Rock Deposit  Mineralisation beneath 30-35m of cover  New Exploitation Permit for 75 km2 in process that will enable the project to a

  10. Slide 10: Baobab's Gadde Bissik Mine

    Baobab’s Gadde Bissik Mine CURRENT OPERATIONS For personal use only VALUABLE EXPERIENCE ALREADY GAINED  Developed in 2015/2016  Mining suspended in 2017  Sub-optimal recovery using existing circuit  Phosphate prices at cyclical low in 2017  Currently operating on a small scale  Processing exis

  11. Slide 11: Baobab Project Expansion Project Highlights

    Baobab Project EXPANSION PROJECT HIGHLIGHTS For personal use only BAOBAB TO BE EXPANDED TO PRODUCE HIGH QUALITY PHOSPHATE PRODUCT  Concept Study completed in 2017 provided direction for the current Feasibility Study  Targeting expansion of Baobab Mine  Leverage existing site infrastructure  Repl

  12. Slide 12: Wonarah Project

    Wonarah Project For personal use only SLEEPER PROJECT?  100% owned by Avenira, and one of the largest phosphate deposits in Australia  Measured Resource of 65 Mt @ 22.4% P2O5, Indicated Resource of 133 Mt @ 21.1% P2O5, Inferred Resource of 352 Mt @ 21 % P2O5 (15% cut-off)  Access to infrastructur

  13. Slide 13: Phosphate Prices

    Phosphate Prices For personal use only POSITIVE OUTLOOK PRICES VS. P2O5 CONTENT1  Fertiliser sector and phosphate fertilisers in particular seeing price 180 increases 160 Phosphate rock is benefiting 140  120 Current benchmark price (32% P2O5, FOB Morocco) = US$89/t  Benchmark pricing coming off

  14. Slide 14: Key Milestones

    Key Milestones For personal use only COMPLETED UPCOMING Construct and successfully operate  Testwork to validate expansion In progress a mine flowsheet Develop in-country capability  Exploitation Permit to access In progress expansion Mineral Resources Supply chain experience  Feasibility Study o

  15. Slide 15: Appendix: JDC Phosphate

    Appendix: JDC Phosphate For personal use only AVENIRA HAS A 7% INTEREST IN JDC  JDC Phosphate - USA based private company seeking to commercialise the “Improved Hard Process” technology for superphosphoric acid production  Potential to provide a number of advantages across the value chain relative

  16. Slide 16: Avenira Limited

    Avenira Limited For personal use only ABN 48 116 296 541 www.avenira.com Suite 19, 100 Hay Street Subiaco, Western Australia 6008 AUSTRALIA PO Box 1704 West Perth WA 6872 AUSTRALIA +61 8 9264 7000 frontdesk@avenira.com

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