Avenira Limited · ASX:AEV

Avenira — Shareholder Meeting (November 2018)

14 slides from Avenira's shareholder meeting presentation, Nov 14, 2018

  1. Slide 1: Annual General Meeting

    November 2018 Annual General Meeting ASX: AEV ABN 48 116 296 541

  2. Slide 2: Disclaimer

    Disclaimer 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 offer to sell, or a sol

  3. Slide 3: Rationale to Invest

    Rationale to Invest  Independent phosphate company with enviable industry support  Perfectly placed for rapidly growing fertiliser markets, as driven by world population growth and food demand  80% interest in the Baobab Phosphate Project in the Republic of Senegal  75 km2 Exploitation Permit va

  4. Slide 4: Phosphate Rock: Critical for Food Security

    Phosphate Rock: Critical for Food Security 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 annual global phosphate

  5. Slide 5: The Gadde Bissik Mine

    The Gadde Bissik Mine an established phosphate rock mine in Senegal, West Africa currently processing stockpiles 5

  6. Slide 6: Baobab Project

    Baobab Project OVERVIEW  Phosphate rock mine located in Senegal, West Africa  Sedimentary Deposit, mineralisation beneath 30-35 m of cover  80% owned by Avenira, 20% owned by Mimran Group (Senegal’s largest private employer and experienced agriculture industry participant)  75 km2 Exploitation P

  7. Slide 7: Hitting the Milestones

    Hitting the Milestones ALREADY OPERATING LARGE MINERAL RESOURCES INFRASTRUCTURE AVAILABLE In country operating skills Indicated Resources of Readily accessible Supply chain experience 42.0Mt @ 19.4% P2O5 sealed roads Experience with phosphate Inferred Resources of Access to export infrastructure roc

  8. Slide 8: Baobab's Gadde Bissik Mine

    Baobab’s Gadde Bissik Mine CURRENT OPERATIONS 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 existing ROM piles  Curre

  9. Slide 9: Baobab Project

    Baobab Project EXPANSION PROJECT HIGHLIGHTS BAOBAB TO BE EXPANDED TO PRODUCE HIGH QUALITY PHOSPHATE PRODUCT  Concept Study completed in 2017 provided direction for the current Feasibility Study managed by Wood PLC  Replace existing circuit with industry standard flotation, magnetic separation and

  10. Slide 10: Baobab Project

    Baobab Project EXPANSION PROJECT HIGHLIGHTS EXPLOITATION PERMIT GRANTED  Baobab Exploitation Permit granted by the Government of Senegal  Permit valid for a 20-year renewable term and covers a 75 km2 area  The Senegalese Government will hold a 10% free- carried interest in the legal entity owning

  11. Slide 11: Wonarah Project

    Wonarah Project 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 infrastructure  Direct access to a

  12. Slide 12: JDC Phosphate

    JDC Phosphate 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 to existing technology  Demons

  13. Slide 13: Key Milestones

    Key Milestones COMPLETED UPCOMING Construct and successfully operate a mine  Testwork to validate expansion in progress flowsheet Develop in-country capability  Feasibility Study on Expansion Project in progress Declaration of Ore Reserves in progress Supply chain experience  “Bankable” Feasibili

  14. Slide 14: Avenira Limited

    Avenira Limited 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 14

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