Slide 1: Developing Resources in North Africa
DEVELOPING RESOURCES IN NORTH AFRICA DFS Ownership International Rock Phosphate Tunisian confirmed; and Partner enforcement Government or PRODUCTION Chemical success backing Fertiliser February April In progress Scoping study 2019 2019 in progress ASX: CNL, CNLO April 2019
Slide 2: Disclaimer
DISCLAIMER The purpose of this presentation is to provide general information about Celamin Holdings Limited (Celamin 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 presentation does not necessar
Slide 3: Corporate Overview
CORPORATE OVERVIEW CAPITAL STRUCTURE DIRECTORS Shares 142.5m Exec Director/CEO Simon Eley Listed Options 69.3m Chairman Robin Widdup Unlisted Options 12.6m Non-Exec Director Taz Aldaoud Market Cap $10.3m(1) Alternate Tim Markwell (to Robin Widdup) Cash $1.2m(2) SHAREHOLDERS AFL3/Lion Selection 19.3%
Slide 4: Vision
VISION Celamin’s interest in Chaketma has been confirmed by the Tunisian Supreme Court, contemplating development of a multi-decade phosphate project via either: • Simple rock phosphate export mine; OR • Integrated chemical fertilizer project producing lowest quartile DAP Minimal water use Salea
Slide 5: Chaketma – History
CHAKETMA – HISTORY CHAKETMA PHOSPHATE PROJECT • 130MT @ 20.5% P2O5 with potential upside • Sole funded by Celamin – US$8.6M up to 2015 • Large scale and high-grade deposit well located to key CHAKETMA infrastructure 130Mt at 20.5% P2O5 • Tunisian partner (TMS) fraudulently transferred Celamin’s 51%
Slide 6: Chaketma Resource – Upside
CHAKETMA RESOURCE – UPSIDE CHAKETMA PERMIT HOSTS 6 PROSPECTS: 1. Gassaa El Kebira9: • 93Mt @ 20.3% P2O5 2. Kef El Louz10: • 37Mt @ 21% P2O5 3. Sidi Ali Ben Oum Ezzine • 9 holes drilled (ave 15.3m @ 20.7% P2O5)11 4. Douar Ouled Hamouda • One hole drilled (13.25m @ 18.8% P2O5)12 5. Kef El Aguab • Undr
Slide 7: Chaketma – Development Options
CHAKETMA – DEVELOPMENT OPTIONS Celamin has two development options: 1. Rock Phosphate Export Mine • Significant work already confirms potential for simple rock export operation • 2012 Scoping Study13 to be updated with revised metallurgy from 2014 test work14 2. PyroPhosTM Process Route • Integrated
Slide 8: Chaketma PyroPhos Option
CHAKETMA PYROPHOS OPTION • Top Submerged Lance (TSL) has revolutionised base metals smelting Phosphoric acid • Pioneered by CSIRO (Australian government scientific industrial research Air, fine coke organisation) Ore, large coke, flux • Global rights to PyroPhosTM technology held by Australian compa
Slide 9: PyroPhos – Block Flow Diagram
PYROPHOSTM – BLOCK FLOW DIAGRAM 9
Slide 10: Chaketma PyroPhos Option - Potential Outcomes
CHAKETMA PYROPHOS OPTION - POTENTIAL OUTCOMES PYROPHOSTM ADVANTAGES • Simpler, smaller plant • Lower Capex and Opex • Environmental benefits: • No phosphogypsum waste product, only by-product is dark inert glass rock (can be used as construction aggregate) • Lower water use • Insensitive to ores hig
Slide 11: Chaketma – Phosphate Outlook
CHAKETMA – PHOSPHATE OUTLOOK • Rock phosphate prices recovering from lows of late 2017 Phosphate Rock Price • Phosphate shipments expected to increase in 2019 • China’s demand may be influenced by new environmental laws • Recent corporate transactions highlight interest in sector Source: www.indexmu
Slide 12: Djebba & Zeflana Projects
DJEBBA & ZEFLANA PROJECTS Location • 130km south-west of Tunis by bitumen road • Permits - 16km2 each • Granted July 2018 for 3-year initial period • Renewable for a further 2 x 3 years • Contiguous applications lodged Advanced Exploration • Djebba – Historical Mineral Resource Estimate of 2.7Mt at
Slide 13: Tunisia – Investment Destination
TUNISIA – INVESTMENT DESTINATION IMF and World Bank note improvements • IMF supports measures to strengthen governance, business climate, fiscal institutions and the financial sector16 • World Bank “Doing Business 2019” reported improvements in 4 of 10 areas assessed in measuring ease of doing busin
Slide 14: Celamin in Review
CELAMIN IN REVIEW • Focused on Chaketma Phosphate Project • Successful in arbitration, Swiss and Tunisian Courts • Identified and secured new strategic local partner – Ahmed Bouchamaoui • Chaketma inferred resource of 130Mt @ 20.5% P2O5 with considerable upside • Engaged phosphate expert to assist w
Slide 15: Contact
Contact: Simon Eley +61 (0)3 9692 7222 simon.eley@celamin.com