Minbos Resources Limited · ASX:MNB
Minbos Resources — Investor Presentation (October 2011)
22 slides from Minbos Resources's investor presentation, October 2011
Slide 1: Emerging African Phosphate Developer
1 Emerging African Phosphate Developer Investor Presentation October 2011
Slide 2: Important Notice
2 Important Notice Minbos Resources Limited (“Minbos”) has prepared this presentation (the “Presentation”) solely for the benefit of the Recipient. This Presentation is provided solely for the purpose of assisting the Recipient in its evaluation of Minbos and its phosphate development project. The P
Slide 3: Overview of Minbos Resources Ltd
3 Overview of Minbos Resources Ltd • Significant landholding (400,000ha) in the Cabinda Province of Angola and Western Democratic Republic of Congo • Exploration target – 333Mt to 538Mt grading 10% - 20% P2O5, within Cabinda licence area (confirmed by Coffey Mining Ltd, Independent Technical Report,
Slide 4: The Offer - Placement & Rights Issue
4 The Offer - Placement & Rights Issue % • Placement issue of 9,637,500 fully paid ordinary shares Top 5 Shareholders (Pre-Placement) (“Shares”) at $0.28 cents per Share to raise $2.7 million HSBC CUSTODY NOM AUST LTD 11.37 before costs CHIKAPA COMERCIO 7.90 • The Offer price is $0.28 cents per Righ
Slide 5: Share Price Performance
5 Share Price Performance Since listing on the ASX, MNB has Volume & Share Price experienced a substantial rise in share price from 20c to a intra day high of 65c with a most recent closing price of 35c Price (AUD) Placement and Rights Issue price of $0.28 cents is the lowest price the company has t
Slide 6: Phosphate
6 a Minbos Resources Limited PHOSPHATE
Slide 7: Why Phosphate
7 Why Phosphate Phosphate Fertilizers Facilitate PHOSPHATE IS AN ESSENTIAL • Root development INPUT FOR FERTILIZERS • Water-use efficiency • Early plant maturity • Higher crop yields Factors Driving Long-Term Fertilizer Demand • Rising world population • Changing diets as incomes grow • Constraints
Slide 8: Why Phosphate
8 Why Phosphate Phosphate’s contribution to major fertilizer 32% – 33% P2O5 FOB Morrocco producers Average Price over 10 year • Vale - 61% Period • Mosaic - 49% 500 • Phosagro - 90% 450 400 350 Supply 300 Price (USD) 250 • New supply, high CAPEX & OPEX 200 • ROM Ore grade declining 150 • 70% of Phos
Slide 9: Republic of Angola
9 Republic of Angola Rebuilding and African Power • 3rd largest economy in Sub-saharan Africa • Average GDP growth 2001 – 2010 of 11.1% • GDP growth in 2011 expected @ 8.3% • Since 2002, estimated to have rebuilt 14,000km of roads and 120 bridges Natural Resources • No 1 producer of oil in Africa –
Slide 10: Cabinda Project Overview
10 Cabinda Project Overview • 20,000m of aircore drilled since November 2010 • Five deposits: Mongo Tando, Cacata, Chibuete, Chivovo, Ueca Mongo Tando – Inferred 117mt @ 13.6% P2O5, still open* Cacata – Indicated 22.5Mt @ 21.4% P2O5*, significant high-grade DSO potential Chivovo has shown sign
Slide 11: Mongo Tando
11 Mongo Tando 117Mt @ 13.6% P2O5 Inferred Resource Estimate* & set to increase • Mongo Tando was the focal point of historical exploration and 1st deposit drilled by Minbos • Additional drilling has recently been completed and is expected to significantly increase the resource estimate • Bench scal
Slide 12: Cacata – High Grade Potential
12 Cacata – High Grade Potential CRU Strategies review confirms robust economics for a stand alone DSO Phosphate rock export operation: • Cacata able to support a large scale phosphate rock complex producing approx. 1.25Mtpa over 10 years • Open-pit mining operation with a conventional beneficiated
Slide 13: Additional Cabinda Deposits
13 Additional Cabinda Deposits Chivovo and Cambota Chivovo deposit contains high grade material 28-34% P2O5 • Chivovo could provide additional DSO resources to Cacata DSO project • Resource estimate for Chivovo is expected in Q4 • Cambota in same higher grade liniment, initial scout holes drilled Ch
Slide 14: DRC Project Overview
14 DRC Project Overview Kanzi Project Maiden inferred resource of 46Mt @ 17.2 % P2O5, including a high grade zone of 31Mt @ 21.4% P2O5 Kanzi drilled in 1974 and 1978-1980. Historical metallurgical test work produced a concentrate of 34% P2O5 with recoveries of 60%-70%* CRU scoping study report
Slide 15: Phosphate Development Project Economics
15 Phosphate Development Project Economics Combined high grade & potential DSO resources in excess of 50mt • Cacata - 22.5mt at 21.4% P2O5 Cacata Economics • Kanzi - 31mt at 21.4% P2O5 Capex USD102m CRU has completed a Scoping Study on Cacata, the key findings included: Opex USD46/t of concentrate N
Slide 16: Potash
16 Z| Minbos Resources Limited POTASH
Slide 17: Dinge Potash Acquisition
17 Dinge Potash Acquisition Minbos to acquire 75% of the Dinge potash licence • Licence area covers 785 km2 within the highly prospective Congo Basin • A large proportion of the potash licence area underlies the Cabinda phosphate mineralisation • Congolese Basin hosts Elemental Minerals’ Sintoukola
Slide 18: Regional Infrastructure
18 Regional Infrastructure Located close to major infrastructure - good access Cacongo Wharf to ports • Projects located within 50km of the ocean • Area heavily populated by oil companies • Excellent services and accommodation • Regional roads have undergone upgrading Regional Roads • 35MW power sta
Slide 19: Peer Review
19 Peer Review Company Legend MineMakers Stonegate Aguia MBAC Fertilizer Minbos Agricom Resources Corp Exchange & Ticker LGDI:US, OTC ASX: MAK TSX: ST ASX: AGR TSX: MBC ASX: MNB BB Country Australia Australia / Namibia Peru Brazil Brazil Angola / DRC Market Cap / Implied 78.1 77.1 157 53.8 271.2 23.
Slide 20: Directors and Management
20 Directors and Management Peter Richards Executive Chairman Faldi Ismail Non-Executive Director Peter has over 30 years of business and Faldi has many years of experience as a corporate international experience with global companies consultant specialising in the restructure and including BP plc,
Slide 21: MINBOS – ready to deliver value !
21 MINBOS – ready to deliver value ! Minbos is due a rapid valuation re-rating Undervalued versus Peers • Technical Milestones – next 6 months Proven BOD and Management Team • Global JORC compliant resource for Cabinda due 4th quarter Strong partners and Govt support • Chivovo, Chibuete and Ueca res
Slide 22: Thank You
22 THANK YOU ! www.minbos.com
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