Slide 1: Chaketma Phosphate Project Scoping Study
For personal use only Chaketma Phosphate Project Scoping Study Advancing a Scalable, Long Life & High Margin Project December 2022
Slide 2: Disclaimer - Important Information
Disclaimer - Important Information Cautionary Statement The Scoping Study referred to in this announcement is based on further technical work following a scoping study released in 2012. This study remains at the level of a Scoping Study based on preliminary technical and economic study of the viabil
Slide 3: Chaketma Phosphate Project
Chaketma Phosphate Project Initial 46 Year Mine Life at 1.5Mt Product For personal use only Annual Cashflow Post Tax NPV10 Years 1-10 Payback – After Tax US$657M US$150/t Phosphate Concentrate 1.5 years with IRR of 54% US$93.4M Phosphate Concentrate Operating Cost Production (First 10 Years) Develop
Slide 4: Phosphate - a Critical Raw Material
Phosphate - a Critical Raw Material Essential to improving crop yields to meet food For personal use only demands for the world’s growing population and addressing global food security concerns Finite and non-renewable material Needs replenishing in cultivated land where soils become depleted Ch
Slide 5: Chaketma Project
Chaketma Project Potential Tier-1, long life, low cost mine with For personal use only downstream fertiliser production optionality Located in Tunisia o 210km SW of Tunis, with access by bitumen road o 35km from rail o Access to ports o Gas and grid power nearby Several international resource co
Slide 6: JORC Resource
JORC Resource PROSPECT JORC 2012 Mt P2O5 % For personal use only Measured 49.1 21.3 KEL Indicated 6.4 20.3 (March 2022) Total 55.5 21.2 Indicated 83.7 20.2 GK Inferred 7.2 20.1 (November 2022) 9 holes drilled, averaging Total 90.9 20.2 15.3m @ 20.5% P2O53 Measured 49.1 21.3 GLOBAL Indicated 90.1 20.
Slide 7: KEL Resource Upgrade Boosts Size & Confidence
KEL Resource Upgrade Boosts Size & Confidence Large, shallow & high confidence For personal use only phosphate resource that features simple geology, exposed on all sides KEL JORC 2012 resource grows by 50% to 55.5Mt @ 21.2% P2O5 Consistent, wide and high-grade phosphate mineralisation close to
Slide 8: Open Pit Mining
Open Pit Mining For personal use only Simple, low-cost open pit operation First 18 years of production from KEL Resource with strip ratio of 3.6:1, scheduled from Measured (88%) and Indicated (12%) PhosCo | Sustainable Phosphate | 8
Slide 9: Conventional Processing Flowsheet
Conventional Processing Flowsheet Process plant to produce 1.5Mtpa For personal use only over a 46 year mine life for a total 68Mt phosphate concentrate Tier-1 Study Partners ‒ SRK Consulting (UK) - mining and technical studies for the project ‒ Jacobs Engineering Group – independent plant enginee
Slide 10: Environmental, Social & Governance Credentials
Environmental, Social & Governance Credentials For personal use only ESG to international standards Environmental/social specialist ASF Consulting engaged Very strong community support for the project Further downstream positive impacts will arise from planned operating expenditure PhosCo | Su
Slide 11: Approvals & Land Access
Approvals & Land Access For personal use only Economic and financial study submitted September 2022 in support of Chaketma Mining Concession Application Tunisian mining administration currently reviewing the application Chaketma Exploration Permit remains valid and in good-standing while appli
Slide 12: Project Optimisation
Project Optimisation Large resource supports higher production rate above 1.5Mtpa to match market demand For personal use only Nearby deposits identified with potential for lower mining costs, including SAB prospect into the early mine schedule Mining optimisation for greater utilisation of st
Slide 13: Regional Target Pipeline
Regional Target Pipeline Sekarna Phosphate For personal use only Project (128km2) Large scale, outcropping phosphate target Located 10km northeast of Chaketma Reported high grade rock chip samples grading between 19.7% and 27.8% P₂O₅ Additional Exploration Targets KELS, SAB & DOH: prospects
Slide 14: Corporate Overview
Corporate Overview For personal use only 275M $38.5M Major Shareholders (%) Lion Selection Group SHARES ON ISSUE MARKET CAP 47% 20% ASX: PHO At $0.14/sh Board & Management Retzos Holdings $3.9M Nil 10% Polo Resources 10% Other CASH DEBT 13% 30 Sep 2022 As at 30 Sep 2022 $0.20 3.0 5.75M 14.1M $0.16 V
Slide 15: Board & Management
Board & Management A team with deep industry experience & success in Africa For personal use only Simon has vast experience in Robin has over 40 years of Craig has over 25 years of the resources sector in both mining industry and equity accounting experience in Australia and Africa. He was the marke
Slide 16: Project Timeline & Deliverables
Project Timeline & Deliverables For personal use only Q4-CY2021 Q4-CY2022 $3.2M Capital Raise & GK Resource Commence Project Historical Data Review Upgrade BFS Construction Assess potential step 2023 change in production 2024 scale KEL Resource Q4-CY2022 Drill Resource Rock Phosphate Upgrade Chaketm
Slide 17: World Class Phosphate Project
World Class Phosphate Project For personal use only Critical raw material to play important role in food security Multi-decade mine High-grade & shallow resource Significant exploration upside Close to key infrastructure & export markets PhosCo | Sustainable Phosphate | 17
Slide 18: Next steps
Next steps For personal use only Proceed to BFS Permits sought to drill resource extensions and exploration targets for possible step change in the scale of production Progress discussions for permitting and financing following positive early engagement with the Tunisian Government and commerc
Slide 19: Contact
For personal use only Contact Taz Aldaoud Follow PhosCo on LinkedIn E: taz.aldaoud@phosco.com.au Follow @PhoscoLtd on Twitter T: +61 (0) 473 230 558 www.phosco.com.au
Slide 20: 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 21: APPENDIX 1: Joint Venture Overview
APPENDIX 1: 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
Slide 22: APPENDIX 2: JORC Resource Table
APPENDIX 2: JORC Resource Table For personal use only Chaketma Phosphate Project Global Mineral Resources CHAKETMA JORC 2012 Mt % P2O5 Measured 49.1 21.3 KEL (March 2022) Indicated 6.4 20.3 Total 55.5 21.2 2015 Indicated 83.7 20.2 GK (November 2022) Inferred 7.2 20.1 Total 90.9 20.2 Measured 49.1 21