Gensource Potash Corp. · TSXV:GSP
Gensource Potash — CIM Montreal 2019
25 slides from Gensource Potash's conference presentation, Apr 29, 2019
Slide 1: Changing the Game: A Sustainable Approach to Potash Mining
Gensource POTA SH CORP Changing the Game: An Environmentally, Socially, and Market Sustainable Approach to Potash Mining CIM Montreal: April 29, 2019 TSXV:GSP Paul Neufeld, Project Manager
Slide 2: Disclaimer
2 Disclaimer This presentation does not constitute and offer to sell, or the solicitation for the offer to buy, the securities of Gensource. The scientific and technical information contained in this presentation has been reviewed and approved by Mike Ferguson, P.Eng., who is the President and Chief
Slide 3: Presentation Contents
3 Presentation Contents • Gensource Potash Corporation oWho is Gensource ▪ Our “Why” ▪ Our “How” ▪ Our “What” • Creating Better Outcomes • Building for the Future
Slide 4: Who is Gensource Potash?
Who is Gensource Potash?
Slide 5: Who is Gensource Potash Corporation?
5 Who is Gensource Potash Corporation? • Gensource Potash Corporation (Gensource) • Innovative potash start- up • Saskatchewan-focused • Publicly-traded (GSP.V) • Aim to revolutionize the way potash is mined and marketed…but WHY? Image Courtesy of Gensource
Slide 6: Start with your "Why"
| Start with your “Why”! What Every organization on the planet knows WHAT they do. These are products they sell or the services they offer. How Some organizations know HOW they do it. These are the things that make them special or set them apart from their competition. Why Very few organizations kno
Slide 7: What is Potash?
7 What is Potash? • Potash Ore (Sylvinite) = NaCl (Halite) + KCl (Sylvite) • Saskatchewan is the world’s #1 producer of potash from sylvinite • ~ 95% of potash is used as agricultural fertilizer • Fertilizers are key to feeding the world Image Courtesy of Gensource “This widespread availability and
Slide 8: Problem #1: The Potash Industry is "Broken"
8 Problem #1: The Potash Industry is “Broken” Supply Side Demand Side Producers Create: Customers Absorb: ❖ Lack of Competition: Potash is ❖ Lack of Competition: Potash supply and controlled by oligopolistic production distribution focuses on large customers, and distribution channels making direct
Slide 9: Problem #2: Mining Practices Need to Change
9 Problem #2: Mining Practices Need to Change “Mined materials support roughly 45% of the world’s economic activities – yet large- scale mining leaves social and environmental scars”3 - Ucilia Wang • Deloitte’s Top 10 issues transforming the future of mining (2019)4: 1. Rethinking mining strategy 2.
Slide 10: Gensource Potash Corporation: Our "Why"
10 Gensource Potash Corporation: Our “Why” Source: National Rural Health Alliance Inc. “Innovations that are guided by smallholder farmers, adapted to local circumstances, and sustainable for the economy and environment will be necessary to ensure food security in the future.” – Bill Gates
Slide 11: Gensource Potash Corporation: Our "How"
11 Gensource Potash Corporation: Our “How” Aerial View of Typical Gensource Potash “Module” ~300m ~300m Image Courtesy of Gensource Gensource aims to disrupt the existing potash supply chain by deploying innovative extraction methods and partnering directly with potash users
Slide 12: Gensource Potash Corporation: Our "How"
12 Gensource Potash Corporation: Our “How” Customer Driven Innovation Technology Driven Innovation Business Driven Innovation 1. Supply Chain Streamlining 2. Innovative Technologies 3. Creative Partnerships Traditional Gensource Selective Solution Mining Project Equity Share Mine Module Financial Fi
Slide 13: Technological Innovation: Selective Solution Mining
13 Technological Innovation: Selective Solution Mining • Selective Solution Mining (“Selective Extraction”) of Potash (KCl) dates as far back as 19675 • Simple principle - take advantage of the different chemistry • Advancements in horizontal drilling were key for feasible application • This method
Slide 14: Gensource Selective Solution Mining Enhancements
14 Gensource Selective Solution Mining Enhancements Isometric of Horizontal Well Pattern Cross-section of Horizontal Cavern for Selective Dissolution • Underground horizontal caverns are created in the ore body via horizontal drilling • Injecting a hot NaCl brine selectively dissolves the KCl (leavi
Slide 15: Technological Innovation: Processing/Recovery
15 Technological Innovation: Processing/Recovery • Simplified Process Simplified Process Flow Diagram • Deploys similar potash processing techniques as every other potash operation, but simpler • Energy-Efficient Arrangement6 • Patent protected “Tri-generation” heat, power, and cooling process arran
Slide 16: Gensource Potash Corporation: Our "What"
16 Gensource Potash Corporation: Our “What” • Small Potash Production “Modules” • 250,000 tonnes/year saleable product • ~ $300M CAD and 2 years to build • ~ 40-year mine life, conservatively estimated, with centuries of resource • ~ $50 CAD/tonne to operate • Positive project economics even with lo
Slide 17: Creating Better Outcomes
Creating Better Outcomes
Slide 18: Outcome: Better for the Customers
18 Outcome: Better for the Customers • Create additional supply choice for the farmers of the world, with a product that is: • Produced Cleaner • Cheaper to Purchase • Consistently Available • Create a potash industry/market that is: • Competitive • Open/Transparent • Sustainable Source: Google Imag
Slide 19: Outcome: Better for the Environment
19 Outcome: Better for the Environment • Traditional Mining Methods Have BIG Environmental Issues A Gensource module is a mere 300 x 300 metres Traditional Potash Mines = HUGE environmental footprint • Massive salt tailings and brine structures on surface for indefinite period, with no remediation p
Slide 20: Outcome: Better for the Community
20 Outcome: Better for the Community • Being ~ 1/10th the size of the traditional potash project allows us to be “Right-Sized”: • Requires less surface land • Uses less resources • Places a lesser demand on the shared utilities • Is easier on the local infrastructure • Blends into the community • Pr
Slide 21: Building for the Future
Building for the Future
Slide 22: Proof: Setting the "New Standard"
22 Proof: Setting the “New Standard” • Gensource received a determination from the Saskatchewan Ministry of Environment that the Vanguard One project is ‘not a development’ (August 2018) • Does not trigger Environmental Impact Assessment due to its positive environmental attributes • 1st potash proj
Slide 23: Our Road Ahead
23 Our Road Ahead • Active engagement • Education and awareness • Fulfilling promises • Changing attitudes • Building Trust Source: Google Images
Slide 24: Contact Us
24 Contact Us Project Manager: Paul Neufeld, P.Eng., MBA, PMP paul@gensource.ca 306-974-6414 www.linkedin.com/company/gensource-potash/ @GensourcePotash www.facebook.com/GensourcePotash/ www.gensource.ca “People don't buy what you do; they buy why you do it. And what you do simply proves what you be
Slide 25: Reference List
25 Reference List 1. Simon Sinek. Start With Why. www.startwithwhy.com 2. Fertilizer Canada. 15 Canadian Fertilizer Innovations. Revolutionizing agricultural advancement. https://fertilizercanada.ca/about-fertilizer-canada/innovations/ 3. Ucilia Wang. Sustainable mining: an inherent contradiction in