Avenira Limited · ASX:AEV
Avenira — Investor Presentation (December 2015)
20 slides from Avenira's investor presentation, Dec 8, 2015
Slide 1: Investor Presentation December 2015
Investor For personal use only Presentation December 2015 ASX: AEV ♦ ABN 48 116 296 541
Slide 2: Important information
Important information Disclaimer This presentation is neither a prospectus nor an offer of securities for subscription or sale in any jurisdiction. This presentation is not a securities recommendation and For personal use only does not constitute financial product or investment advice. The informati
Slide 3: Corporate Strategy
Corporate Strategy For personal use only To become a major contributor to the world nutrient market through the development of a carefully selected portfolio of valuable phosphate and other nutrient projects. 2
Slide 4: Investment Thesis
Investment Thesis Near Term – Baobab Phosphate Project For personal use only Permitted for small mine Environmental approvals granted Financed to production Senegal IHP license grows the future IHP offering to Atlantic basin and Pacific basin The Baobab Phosphate Project is: Low capex; low
Slide 5: Phosphate: In Use
Phosphate: In Use The majority of phosphate production is used for fertiliser: For personal use only Fertiliser (85%) Technical Phosphates (9%) Animal Feed (6%) Assists with seed formation Synthetic detergents Major structural component of Hastens plant maturity Metal treatment bones and t
Slide 6: Phosphate: Strong Fundamentals
Phosphate: Strong Fundamentals For personal use only • Global fertiliser market expected to be • Rock phosphate has performed strongly worth US$172 billion during 2015 against a number of other commodities over the last 18 months • 5 year average of US$150/tonne • Long term price forecasts of Rock P
Slide 7: Food & Nutrition Security
Food & Nutrition Security Fertilisers provide essential nutrients to soils, livestock & people resulting in more food, better nutrition and healthier For personal use only lives. WORLD POPULATION GROWTH ARABLE LAND DECLINE PER CAPITA INCREASED PER CAPITA CONSUMPTION 3,000 Developing Countries Calori
Slide 8: Baobab Phosphate Project
Baobab Phosphate Project Single exploration permit area of 1,553km2 For personal use only Port of Dakar Small Mine Permit (SMP) granted over 5km2, allowing for unlimited production from the Gadde Bissik prospect Sedimentary rock phosphate mineralisation Indicated Resource announced 7th Decem
Slide 9: Baobab Project Financial & Commercial
Baobab Project Financial & Commercial For personal use only The Baobab Phosphate Project is financed to production: Existing Avenira cash of $13.6m – as at 30 September 2015 J.P. Morgan Placement raising 3.1m – ASX announcement 03/11/15 Non-binding Memorandum of Understanding with Mimran Natur
Slide 10: Location of Project and Port of Dakar
Location of Project and Port of Dakar For personal use only 9
Slide 11: Indicated Resource
Indicated Resource Updated Mineral Resource estimates released on 7 December 2015 For personal use only • Maiden Indicated Mineral Resource within SMP of 12.6 Mt at 21.0% P2O5 • Inferred Mineral Resource within SMP of 16Mt at 20% P2O5 • Inferred Mineral Resource outside SMP of 64Mt @ 19% P2O5 • Only
Slide 12: The Republic of Senegal
The Republic of Senegal Overview For personal use only One of Africa’s most stable and successful democracies (IMF 2010) with a stable and investor friendly social and political environment Population of circa 14.6 million (2014 estimate) Substantial progress in combating poverty, improving so
Slide 13: Baobab Project Progress
Baobab Project Progress For personal use only Task Status Inferred Resource Complete GEOLOGY Indicated Resource Initial Phase Complete Contract mining and crushing MOU established Design and Engineering Complete Wet screening PROJECT Long Lead Capital Items Ordered Transport MOU established Port MOU
Slide 14: Baobab Milestones: 2015-2016
Baobab Milestones: 2015-2016 For personal use only Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Resource Development (Initial phase) Met Testwork Engineering Environmental Permit Community Relocation Agreement Preliminary Feasibility Study / PEA Commencement of overburden removal Offtake discussi
Slide 15: Stage Growth Strategy
4 Stage Growth Strategy For personal use only • Focus on production from Small Mine Plan (SMP) area • Permitted Stage 1 • Environmental approval secured • Targeting 500,000t pa • Progress high priority infill drill targets proximal to SMP Stage 2 • Targeting thicker, high grade mineralisation • Dril
Slide 16: Wonarah Project – Northern Territory
Wonarah Project – Northern Territory For personal use only Project 100% owned by Avenira One of Australia’s largest JORC and NI43-101 compliant phosphate resource Measured + Indicated Resource 300Mt @ 18.3% P2O5 (10% cut-off) Inferred Resource 542Mt @ 18% P2O5 (10% cut- off) Excellent inst
Slide 17: Improved Hard Process (IHP)
Improved Hard Process (IHP) IHP is an advanced downstream process aimed at transforming low grade rock phosphate into high value For personal use only superphosphoric acid (SPA), which is a key feedstock into the commercial fertiliser market. IHP offers significant benefits over the traditional wet-
Slide 18: Corporate Snapshot
Corporate Snapshot KEY STATISTICS ASSETS For personal use only Ordinary shares on issue 415m Baobab Project– 100% holding • Located in Senegal Share price (VWAP) A$0.12 • Substantial phosphate opportunity Market Capitalisation A$50m Baobab Mining & •Progressing towards near-term production Chemicals
Slide 19: Summary
Summary For personal use only Development of the Baobab Phosphate Project is Avenira's priority Potential for near-term rock phosphate production and cash flow Strong strategic fit to Avenira's focus in the nutrient space Financed to production Ability to leverage significant existing Sene
Slide 20: Avenira Limited
Avenira Limited ABN 48 116 296 541 For personal use only www.avenira.com Ground Floor, 20 Kings Park Road West Perth, WA 6005 AUSTRALIA PO Box 1704 West Perth WA 6872 AUSTRALIA +61 8 9264 7000 frontdesk@avenira.com For further information: Mr Cliff Lawrenson Managing Director and CEO, Mr Rod Wheatle