Keras Resources Plc · LSE:KRS
Keras Resources — Corporate Update (June 2021)
23 slides from Keras Resources's corporate update, Jun 24, 2021
Slide 1: Interims Presentation 24th June 2021
INTERIMS PRESENTATION 24th JUNE 2021 CORPORATE UPDATE
Slide 2: Corporate Overview
Corporate Overview Focused on delivering value to shareholders through diversified revenue streams • Low capex, high margin assets focused on high demand commodities • Diamond Creek Phosphate Project (Utah, US) – producer of premium organic phosphate fertiliser • Nayega Manganese Project (Togo) – ne
Slide 3: Interim Highlights
Interim Highlights Mining essential resources for a more sustainable future Diamond Creek Phosphate Mine, Utah: one of the highest grade organic phosphate mines in the US, a fully integrated mine to market asset • Commissioning commenced in June 2021 at the new processing plant enabling in-house ben
Slide 4: Asset Overview
Asset Overview Key investment themes • High margin, low capex, scalable mining operations Compelling economics with operational efficiencies Simple mining • Open pit, low strip ratio with clear mining plans and minimal processing requirements. • Direct sales into the growing US and Canadian organic
Slide 5: Project Portfolio
Project Portfolio Key Facts Diamond Creek Organic Phosphate Nayéga Manganese Significant historical resource estimates* JORC Compliant Indicated and Measured Resource Resource of 13.97Mt @ 12.4% Mn and Ore Reserve of 8.48Mt @14.0% Mn 340ha approved federal phosphate lease Council of Ministers promul
Slide 6: Diamond Creek Phosphate Project Utah | USA
Diamond Creek • Fully integrated mine to market project Phosphate Project • One of the highest grade organic phosphate Utah | USA mines in US • Organically certified premium product • Fully permitted and in production • In-house beneficiation • Low capex, high margin • Significant resource upside po
Slide 7: Diamond Creek – Overview
Diamond Creek – Overview Mine to market organic phosphate project located in mining friendly State of Utah, USA Located ~70km SSE of Salt Lake City, Utah – a key advantage Well placed to supply a direct application phosphate fertiliser into the Western US organic farming market 2020 production
Slide 8: Diamond Creek – High Grade Organic Phosphate (PhosAgri)
Diamond Creek – High Grade Organic Phosphate (PhosAgri) Premium, certified product with competitive advantage due to both high absolute and available phosphate • A direct shipping ore (DSO) with in-situ grade of ~28% P2O5 and available Phosphate of 14% - one of the highest grade mines in the US • Lo
Slide 9: Phosphate market – macro themes
Phosphate market – macro themes Strong long term fundamentals • Phosphate is an essential element – one of the three macronutrients required for plant growth – playing a crucial part in plant development: • Photosynthesis • Cell Division and Multiplication • Proper Root Development • Complete Crop P
Slide 10: In-house Beneficiation – can tailor to requirement
In-house Beneficiation – can tailor to requirement Processing plant on site enables in-house crushing and milling – no tolling required • Six products sold to 21 customers in first year of production • On site crushing, milling, and soon to be granulating – reduced opex and control full production p
Slide 11: Organic Fertiliser Market
Organic Fertiliser Market Increasing fertiliser use to support population growth with premiums paid for organic products The organic fertiliser industry in North America is forecast to be a 6.3Mt and US$2.5bn industry over the next decade – with volumes expected to grow at CAGR of 7%. Phosphate fert
Slide 12: Nayéga Manganese Project Togo | Africa
• Production ready: Installed capacity to produce 6,500tpm as soon as Permit is awarded • New Country Manager appointed to bolster in country team – joins from Rio Tinto, brings wealth of mining project management experience • Continue to engage with authorities regarding permitting and unlocking th
Slide 13: Nayega - Project Development Phase 1
Nayega - Project Development Phase 1 300ktpa mining and processing operation to produce a 38% Mn product Installed infrastructure has the capacity to produce ~6,500tpm of saleable ~38% Mn without any additional Capex Phase 1 expansion plan comprises the construction of a 110tph scrubbing and scr
Slide 14: Nayega - Potential Downstream Beneficiation
Nayega - Potential Downstream Beneficiation Battery sector driving increased demand for manganese Significant growth potential for manganese as a replacement for cobalt in lithium-ion batteries as producers look to secure cost competitive, responsibly mined long term raw material supply Potentia
Slide 15: Commitment to Responsible Mining
Commitment to Responsible Mining Focussed on developing a sustainable legacy • Keras is committed to upholding best practice across its business and will look to minimise impacts of its mining activities as far as possible • Focussed on maintaining a low carbon footprint • Will monitor emissions, ai
Slide 16: Investment Summary
Investment Summary Diversified, low capex, high margin assets Interims Presentation June 2021 16
Slide 17: Board of Directors & Management
Board of Directors & Management Extensive experience in developing resource assets and crystallising shareholder value Brian Moritz • Chartered Accountant and former Senior Partner of Grant Thornton, London Non-Executive • Involved in listing many mining companies, primarily in Africa and currently
Slide 18: Key Information & Contacts
Key Information & Contacts Market AIM Epic KRS Share Price 0.11 pence Market Cap £6.60m Shares in Issue 6,283,573,068 Director & Management Shareholding 22.32% *as at 23.06.21 Keras Resources Plc Russell Lamming russell@kerasplc.com Annabel Redford annabel@kerasplc.com www.kerasplc.com 18
Slide 19: Appendix
APPENDIX Interims Presentation June 2021 19
Slide 20: Diamond Creek – Mineral Resource
Diamond Creek – Mineral Resource First two years of production already pre-stripped The most recent estimation in 1980 quotes 3.53Mt* and 1.07Mt* of “surface mineable” in the Southern (S22 & 23) and Northern Sections (S14 & 15) respectively. 22kt of premium ore (~28%P2O5 & 16.2% Avail. P) and 15
Slide 21: Diamond Creek – Mineral Resource
Diamond Creek– Mineral Resource Significant historical mineral resource with first 2.5 years production pre-stripped Mineralisation in Mead Peak The phosphate mineralisation comprises shale beds in the Meade Peak Member of the Phosphoria Formation The mineralised zone is c.3m thick and averages 28
Slide 22: Diamond Creek – History
Diamond Creek – History Organic certification in 2016 was the step-change factor underpinning the project economics *US Geological Survey Reports Interims Presentation June 2021 22
Slide 23: Disclaimer
Disclaimer These presentation slides and the accompanying verbal presentation (“Presentation Materials”) are being provided in connection with an introductory presentation by Keras Resources Plc (the “Company”). These Presentation Materials do not constitute or form part of any invitation, offer for