Western Resources Corp · TSX:WRX
Western Resources — Investor Presentation (August 2023)
22 slides from Western Resources's investor presentation, August 2023
Slide 1: Western Potash Corporate Presentation
Western Potash Corporate Presentation August 2023
Slide 2: Forward-looking statements and cautionary notes
Forward-looking statements and cautionary notes Except for statements of historical fact, this presentation contains statements that constitute “forward-looking statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934 and “forward-looking information” within
Slide 3: Mission statement
Mission statement To be a world-class, environmentally responsible potash producer 3
Slide 4: Western Potash Corp.
Western Potash Corp. An emerging Canadian potash producer Financed Phase 1 production 1 Following the recent financings with Appian Capital Advisory and Vantage, Western Potash is financed through to Phase 1 commercial production (146ktpa) Attractive economics & market dynamics 2 Milestone’s low cas
Slide 5: Phase 1 Financed to Production
1 Phase 1 Financed to Production Recent financing packages from mining industry specialist Appian Capital Advisory LLP and Vantage Chance Limited provided significant capital to complete Phase 1 and begin to study Phase 2 expansion C$85 million loan investment into Western Potash US$3.6B AUM, Lo
Slide 6: Value Creation Milestones
1 Value Creation Milestones Western Potash nearing Phase 1 completion and start-up May 2008 Dec 2012 Apr 2013 Apr-2007 Western Potash incorporated `` `` `` in Vancouver TSX listing Completed Feasibility Milestone Project’s EA Study on 2.8 mt is approved capacity Milestone Project Dec 2021 Oct 2019 O
Slide 7: Milestone Phase 1: Strong Project Fundamentals
2 Milestone Phase 1: Strong Project Fundamentals Attractive capital cost and production profile leads to a defensive cost position relative to peers and robust Phase 1 economics Strong free cash flow generation Initial capital cost Consistent cash flow generation at steady state Low capex, with over
Slide 8: Attractive Market Dynamics
2 Attractive Market Dynamics Supportive long-term demand drivers and short-term supply constraints Demand World population Fundamental, long-term driver of MOP demand is food consumption which is Billions of people driven by population and income growth Food consumption and changes in dietary pr
Slide 9: Strong Market Prices
2 Strong Market Prices Supply-demand imbalance has led to recent strong MOP prices, which are expected to remain favorable in the near term Historical potassium chloride prices over the last 10 years 1 FOB US Midwest typically trades at a modest premium to other benchmark prices (including 1200 FO
Slide 10: Milestone's Strategic Location
3 Milestone’s Strategic Location Attractive strategic location in Saskatchewan, one of the largest potash producing areas in the world Strategically located in Saskatchewan Port 35km southeast of Regina, easily Lajord accessible by paved and gravel roads Saskatchewan is one of the largest potash
Slide 11: ISR Potash Mining: De-risked Through Trial Mining
4 ISR Potash Mining: De-risked Through Trial Mining Western Potash has successfully drilled and operated 3 test wells and we are now extending those well to provide more production surface area to meet production requirements. Simplified Flow Sheet tested method Brackish make up Western Potash use
Slide 12: Key Competitive Advantages vs. Traditional Potash Mining
4 Key Competitive Advantages vs. Traditional Potash Mining Technical advantages Environmental benefits vs. traditional processes Access to multiple potash zones No tailings on surface, salt remains underground Fewer drill holes vs. conventional solution mining Less subsidence Greater caver
Slide 13: Known Geology: Targeting High Grade Zones
4 Known Geology: Targeting High Grade Zones Targeting both the Patience Lake Member and Belle Plaine Member is expected to result in access to 17m of high-grade product Thickness (m) Formation Grade (KCl %) 12m 27.4% Patience Lake Member Salt Back Salt Back Salt Back 1650 M - 1750 M 5m Belle Plaine
Slide 14: Market Leading ESG Profile
5 Market Leading ESG Profile Substantially lower carbon and environmental footprint than most other fertilizers MOP production emits substantially lower levels of greenhouse gases than most nitrogen or phosphate fertilizers Decarbonization could provide an additional tailwind to MOP demand growt
Slide 15: Plan for Expansion: Clear Path to 300ktpa+ Production
6 Plan for Expansion: Clear Path to 300ktpa+ Production Western Potash has a clear path to 300ktpa+ MOP production through a staged modular growth approach Phase 1 will prove mining approach and generate significant cash flow Phase 2 is a duplication of Phase 1, representing a near-term path t
Slide 16: Appendix: Construction Progress to Date
Appendix: Construction Progress to Date 16
Slide 17: Crystallization Pond
Crystallization Pond 17
Slide 18: Pump House
Ny i Pump House
Slide 19: Commissioned – E-houses
ff Commissioned —- E-houses
Slide 20: Commissioned – Brine Heating
Commissioned – Brine Heating 20
Slide 21: Process Plant
i Process Plant NY,
Slide 22: Overview
Overview 22
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