Greenx Metals Limited · ASX:GRX
Greenx Metals — Prairie Mining — Investor Presentation (September 2015)
32 slides from Greenx Metals's investor presentation, September 2015
Slide 1: Lublin Coal Project Corporate Presentation
Lublin Coal Project Corporate Presentation September 2015 - ASX, LSE & WSE: PDZ
Slide 2: Investment Highlights
Investment Highlights Prairie Mining Limited has rapidly de-risked the Lublin Coal Large Scale, Long Life Project in Poland and is now advancing towards a mining JORC Resource of 772 million tonnes of hard coal across concession application with the backing of a strong financial contiguous concessio
Slide 3: The Lublin Coal Project – World Class Potential
The Lublin Coal Project – World Class Potential A significant and advanced coal project located close to existing infrastructure • Extensive historical drilling by government: significantly de-risks geological understanding of the deposit • Exploration program completed by Prairie identified semi-so
Slide 4: The Original Blueprint for a World Class Coal Basin
The Original Blueprint for a World Class Coal Basin Lublin 2015 The Polish government originally intended to build a complex of seven mines in Lublin to produce 14mtpa of coal using centralised infrastructure Original Plan for Lublin • Major government exploration programs in the 1960’s - 80’s • The
Slide 5: Prairie holds the largest undeveloped JORC resource in the Lublin Coal Basin
Prairie holds the largest undeveloped, high quality internationally recognised (JORC) compliant resource in the Lublin Coal Basin 5 | September 2015 | Lublin Coal Project
Slide 6: Strategic European Supply Location
Strategic European Supply Location Significant optionality exists for Prairie with regards to potential target markets • Prairie has access to multiple potential markets for the sale of its coal products given the location of the Lublin Coal Project in the heartland of industrial Europe, with excell
Slide 7: Clear Pathway to a Mining Concession Application
Clear Pathway to a Mining Concession Application Prairie has ambitions to become a major player in the European coal sector by developing the Lublin Coal Project with the potential for the lowest operating costs for hard coal delivered into Europe Technical Corporate • Approval of Geological Documen
Slide 8: Geological Documentation approved
Geological Documentation approved… …Prairie has now moved into the development phase 8 | September 2015 | Lublin Coal Project
Slide 9: Lublin Coal Basin: Highly Favourable Geology
Lublin Coal Basin: Highly Favourable Geology The Lublin Coal Basin has highly favourable geological and mining conditions compared to the Upper Silesian Coal Basin. The International Energy Agency* predicts that the Lublin Coal Basin has the potential to strengthen competitive coal exports from Pola
Slide 10: Ideal geological and mining conditions for longwall operations
The Lublin coal basin has ideal geological and mining conditions for high productivity longwall operations As a result, the Bogdanka mine is currently the lowest cost hard coal mine in Europe 10 | September 2015 | Lublin Coal Project
Slide 11: Even Better Results Are Possible
Even Better Results Are Possible… …by taking a modern approach to mine International Longwall Coal Mine Labour Productivity Comparison design and incorporating international Country Tonnes / man / year best practice USA 10,000 Australia 7,000 Prairie Mining – Lublin Coal Project* 3,000 – 3,500 Bogda
Slide 12: Implementing International Best Practice
…by Implementing International Best Practice Coal mining technology in Poland has Prairie’s Pre-Feasibility Study is being designed to comply with international best not kept pace with international best practice in all study areas including: practices, thereby negatively impacting efficiency of exi
Slide 13: The Lublin Coal Project
The Lublin Coal Project 13 | September 2015 | Lublin Coal Project
Slide 14: The Lublin Coal Project – JORC Resources
The Lublin Coal Project – JORC Resources The high quality 391 seam is flat, consistent and laterally continuous over most of the Lublin Coal Project • Prairie’s mine plan will focus on the premium quality 391 coal seam which contains 164 million tonnes of JORC Indicated Coal Resources • Significant
Slide 15: Key Scoping Study Results
Key Scoping Study Results The Lublin Coal Project has the Scoping Study Results1 – Wardell Armstrong International - April 2014 potential to become a world class coal mine producing 6mtpa of premium Mining Method Longwall quality coal at the lowest operating cash cost for coal delivered into Europe
Slide 16: High Quality Transport Infrastructure
High Quality Transport Infrastructure Prairie has completed rail and port studies confirming ample capacity, accessibility and low costs of regional infrastructure Rail Accessibility Underutilised Port Capacity • High quality standard gauge electrified rail lines connect • Port of Gdansk located 520
Slide 17: Corporate
Corporate 17 | September 2015 | Lublin Coal Project
Slide 18: Experienced Management Team
Experienced Management Team International Development & Finance Experience Polish Operating Experience • Served in the Prime Minister’s Office as • Chartered Accountant with over 20 years mining head of the Prime Minister’s secretariat Ian Middlemas industry experience; extensive corporate and Mr Ar
Slide 19: Corporate Structure
Corporate Structure • Prairie, through its subsidiary PDZ Holdings, concluded an Prairie Mining Limited (ASX: PDZ) Investment Agreement with global natural resources private equity fund CD Capital in July 2015 to raise up to At 16 September 2015 A$83m to upgrade, expand and develop the Lublin Coal C
Slide 20: Advancing Towards a Mining Concession & Construction
Advancing Towards a Mining Concession & Construction Prairie is targeting for project construction to commence during 2017 based on the following timeline and permitting schedule* 2015 2016 2017 Project Milestones Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Coal Resource Upgrade Coal Marketing Studies Pre
Slide 21: The Lublin Coal Project: A Strategic Asset
The Lublin Coal Project: A Strategic Asset 21 | September 2015 | Lublin Coal Project
Slide 22: The Lublin Coal Project: A Strategic Asset
The Lublin Coal Project: A Strategic Asset Lublin Coal Project is set to become a strategic new supply of coal in Europe… Substantially Semi-Soft Lowest Delivered Cash Strategic De-risked Coking Coal Costs into Europe Location • Clear and exclusive • Benchmarked to • Highly favourable • Loca
Slide 23: Appendix
Appendix 23 | 23 June 2015 | Lublin coal project
Slide 24: Coal Market Overview
Coal Market Overview 24 | September 2015 | Lublin Coal Project
Slide 25: Coal remains fundamental to Europe
“The reports of my death have been greatly exaggerated.” – Mark Twain, upon reading his own obituary mistakenly published by the New York Times Despite current headlines about an EU policy shift away from coal… Coal remains fundamental to Europe …and coking coal is on the EU’s official “Critical Raw
Slide 26: Coal: Remains Fundamental to Europe
Coal: Remains Fundamental to Europe European Hard Coal Imports & Production by Country (mt) - 2014 During 2014, Europe¹ consumed over 178 712mt of coal, of which 311mt was hard 73 coal and the remainder lignite (brown 64 Hard Coal Production (2014) coal). In 2014 alone, imports of black Hard Coal Im
Slide 27: Significant Regional Coking Coal Demand
Significant Regional Coking Coal Demand Europe represents a major potential European coking coal demand (mt) Polish coke exports by major market for Prairie’s semi-soft coking destination (mt) coal • In 2014 Europe consumed a total of 0.25 77mt coking coal, of which 13mt was 15mt semi-soft coking co
Slide 28: Europe: Declining Production Increases Reliance on Imports
Europe: Declining Production Increases Reliance on Imports Production of hard coal has fallen rapidly (71% European Hard Coal1 Production (million tonnes) decline over 23 years) while overall demand has remained strong, creating a significant increased Rest of EU 400 reliance on imports 365 Czech Re
Slide 29: Highly Favourable Regional Supply / Demand Dynamics
Highly Favourable Regional Supply / Demand Dynamics Declining domestic production and Germany – Hard Coal Consumption & Production Estimated increased reliance on imports are the 80.0 Domestic key trends forecast for hard coal 70.0 Supply markets in Germany, Poland and Czech Deficit 60.0 Republic Ha
Slide 30: Net import requirement of hard coal forecast above 75mtpa by 2020
Prairie forecasts a net import requirement of hard coal into Germany, Poland and Czech Republic of more than 75mtpa by 2020 30 | September 2015 | Lublin Coal Project
Slide 31: Central European Coal Mining: Unit Cost Comparison
Central European Coal Mining: Unit Cost Comparison Without aggressive restructuring, most 140 hard coal mining in the Upper Silesian Basin is unsustainable at current coal prices. The Lublin Coal Basin represents 120 a proven, world class and secure alternative source of supply for Europe 100 C urre
Slide 32: Disclaimer
Disclaimer C au tionary Statements and Important Information Lublin Coal Project Coal Resource Estimate – Gross Seam Thickness THIS PR ESEN TATION (THE “PR ESEN TATION ”) WHICH HAS BEEN PREPAR ED BY PR AIRIE MIN ING LIMITED (“PRAIR IE” OR THE “COMPANY) IS FOR IN FORMATION PURPO SES ONLY AND DO ES NO
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