Canadian Phosphate Limited · ASX:CP8
Canadian Phosphate — Investor Presentation (October 2026)
25 slides from Canadian Phosphate's investor presentation, Oct 14, 2026
Slide 1: Developing North America's sedimentary rock phosphate platform
rsonal use only Developing North America’s sedimentary rock phosphate platform O TC PRESENTA TIO N – O C T 20 26 A SX :C P8 I O TC QB : C PHO F Daniel Gleeson, CEO & Managing Director
Slide 2: Disclaimer
DISCLA I M ER This presentation has been prepared and issued by Canadian Phosphate Ltd (“the Company”) to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and its activities. It does not c
Slide 3: Company Overview
CO M PA NY O VERVIEW Advancing Canada’s only developed sedimentary rsonal use only phosphate deposits CURRENT BUSINESS Providing a secure, high- quality domestic source of CP8 holds the only advanced sedimentary rock phosphate deposits in Canada rock phosphate from Canada’s only advanced Ready to sc
Slide 4: Strategic Acquisition: Diamond Mountain, Utah
CO M PA NY O VERVIEW Strategic Acquisition: Diamond Mountain, Utah rsonal use only Addressing the highly concentrated North American market dominated by one single player, who represents 70% of phosphate fertilizer production in the USA with a reliance on imported rock phosphate. © 2026 © 2026 Canad
Slide 5: Leadership: Board and Capital Structure
LEA DERSHIP Board and Capital Structure (ASX/OTCQB Listed) rsonal use only CAPITAL STRUCTURE 347M Shares on issue $0.135 Share price (at 30 Sep 26) $46.8M Market cap (at 30 Sep 26) DANIEL GLEESON STUART MAL WEBER PETER DOYLE CEO & Managing RICHARDSON Non-Exec Director Non-Exec Director $3.26M Cash (
Slide 6: Industry Overview
INDUSTRY O VERVIE W Phosphate underpins global $180.6B agriculture and fast-growing Global phosphate market in 2025, growing at a 5.6% CAGR to $300B rsonal use only LFP battery demand by 20344 ~70% A finite mineral, phosphate is used to create phosphoric acid. It’s a core component of a multi-billio
Slide 7: Problem: Canada is 100% import-dependent
PRO B LEM Canada is 100% import- dependent for this rsonal use only • Fertilizer supply chains are increasingly politicized critical mineral GEO- • U.S. tariffs, Middle East instability, Russia-Ukraine war POLITICAL tighten supply and increase shipping & input cost risk SITUATION • China’s export li
Slide 8: Solution: Building Canada's only integrated phosphate supply chain
SO LUTIO N Building Canada's High-confidence only integrated phosphate assets rsonal use only domestic phosphate supply chain →Onshore, domestic phosphate production →Large-scale, surface-expressed sedimentary deposits →Cost-effective access to key processing inputs (Sulfur & Natural Gas) →Multiple
Slide 9: De-risked Resource Base
DE-RISK ED RESO URC E B A SE We own high-confidence phosphate resources — drilling to validate and classify, not to discover rsonal use only Our deposits sit within large-scale sedimentary basins with surface-expressed mineralization and strong geological continuity — the characteristics that define
Slide 10: Solution – Next Steps
SO LUTIO N – NEX T STEPS Advancing our three rock phosphate mining sites from acquisition through initial development by 2030 rsonal use only 1. Land 2. Baseline Studies 3. Initial 4. Resource Definition 5. Engineering Acquisition & Permitting Exploration & Feasibility Studies & Development Acquire
Slide 11: CP8's Advantages
C P8’S A DVA NTA GES A structurally advantaged, fully integrated phosphate platform built for cost, scale, and supply security rsonal use only Regional Supply Structural Cost & Fully Integrated, Low-Cost Demand Tailwinds & Scalability Sourcing Advantage Production Model & Policy Support → The only d
Slide 12: Phased Processing & Monetization Paths
PHA SED PRO C ESSIN G & M O NETIZA TIO N PA THS Flexible, phased development enabling early revenue and long-term upside rsonal use only No Plant ROM Rock Phosphate Phase 1 Required Fertilizer – cash flow MINIMAL CAPEX Phase Single Super Dry Fertilizer Access to Wapiti Phosphate Plant (20% P2O5) eco
Slide 13: Phase 2: Single Super Phosphate (SSP) Plant
PHA SE 2: SINGLE SUPER PHO SPHA TE (SSP) PLA NT Low-capex SSP plant bringing efficient vertical integration to Wapiti & Fernie rsonal use only The SSP plant produces high-level phosphate and other nutrient-rich ingredients that fulfill strong Canada agriculture demand. P2O5 Nitrogen Sulfur Calcium S
Slide 14: Phase 2: SSP Plant Addressable Market
PHA SE 2: SINGLE SUPER PHO SPHA TE (SSP) PLA NT Addressable Market Wapiti Plant - Western Canada rsonal use only Large Addressable Market • $2 billion market opportunity. Two strategically located SSP plants accessing Western Prairies agricultural region, reducing reliance on Fernie Plant 100% impor
Slide 15: Utah – Strategic Acquisition – Diamond Mountain: Supply Risk
UTA H – STRA TEGIC A C QUI SI TI O N - DI A M O ND M O UNTA I N Supply Risk – Capacity & Concentration rsonal use only MOSAIC • 70% of MAP/DAP prod capacity • Rock Source: Peru, Florida NUTRIEN (North Carolina) • 18% of MAP/DAP production USA MAP/DAP Production Capacity capacity • Rock Source: North
Slide 16: Outlook: Future Catalysts
20 27 O UTLO O K Future Catalysts rsonal use only Metallurgical Results Begin Preliminary Exploration Permit Drilling May / August Economic Assessment Wapiti 2026 drill / Scoping Study* Diamond Mountain Wapiti program Fernie Diamond Mountain November December 2026 2027 Mineral Resource Diamond Mount
Slide 17: Building Canada's first domestic sedimentary phosphate supply chain
rsonal use only Only domestic sedimentary phosphate project in Canada Building Canada's first domestic sedimentary High-confidence, surface-exposed resource phosphate supply chain, from the ground up Clear path from exploration to scalable production CO NTA CT Daniel Gleeson, CEO & Managing Director
Slide 18: Thank You
rsonal use only THANK YOU © 2026 Canadian © 2026 Phosphate Canadian Ltd. Ltd. Phosphate 20
Slide 19: Wapiti Overview
WA PITI O VERVIEW 2026: Start Mineral Resource Estimate update and confirm syncline depth rsonal use only THE LOCATION • 100% held by CP8 • JORC-compliant Exploration Target, 2025: 20.2-28.6Mt @ 15.96% P2O5 over 11.5km strike* • Further 16.5km strike and central syncline area remain open (total stri
Slide 20: Wapiti Exploration
WA PI TI EX PLO RA TI O N Exploration of the East and West limbs and the upper phosphate zone* rsonal use only Phosphate Lower Upper P2O5 P2O5 Domain Range Mt Range Mt Main Zone— 11.0 17.78% 16.8 17.85% Ea st Limb Main Zone— 7.7 13.00% 10.2 12.95% West Limb Main Zone—East 0.7 15.44% 0.7 15.44% Limb
Slide 21: Fernie Overview
FERNIE O VERVIE W Targeted bulk sampling in 2026, drilling in 2027 rsonal use only THE LOCATION • 100% held by CP8 • Tenures hold known phosphate strive over 60km—further exploration required • Bulk sample completed at Marten site (2022)—8,000t averaging 22.5% P2O5 TARGETED NEXT STEPS • Barnes bulk
Slide 22: Utah Overview
UTA H O VERVIEW Purchased a 50M tonne rock phosphate resource in 2026^ rsonal use only THE LOCATION • 50M tonne resource (26.8m measured and indicated, 23.1m inferred) • 3.5-5.6m thick seams, averaging 4.4m @ 19.67% P2O5 • Located on State land ~ $10,000 carrying cost annually • Sealed roads to the
Slide 23: Phosphate Demand
PHO SPHA TE DEM A ND Consistent demand due to the rapid rise in LFP batteries and the need for fertilizer for global food production rsonal use only FERTILIZER DEMAND LFP BATTERY DEMAND Structural food, soil replenishment, and renewable fuel Global LFP battery adoption is growing rapidly, creating g
Slide 24: Wapiti Conceptual Exploration Target
OVERVIEW Wapiti Conceptual Exploration Target* Phosphate Domain Lower Range Mt P2O5 (%) Upper Range Mt P2O5 (%) rsonal use only Main Zone – East Limb 11.0 17.78 16.8 17.85 Main Zone – West Limb 7.7 13.00 10.2 12.95 Main Zone – Wapiti Syncline East limb 0.7 15.44 0.7 15.44 Main Zone – Wapiti Syncline
Slide 25: Foreign Estimate
FOREIGN ESTIMATE^ The foreign estimate is based on a Technical Report under National Instrument (NI 43-101) standards, titled ‘Technical Report – Diamond Mountain Phosphate Project’ with an effective date of 11 September 2014, authored by Norwest Corporation on behalf of Strata Minerals Inc. The est
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