Minbos Resources Limited · ASX:MNB

Minbos Resources — Investor Presentation (April 2013)

32 slides from Minbos Resources's investor presentation, Apr 9, 2013

  1. Slide 1: West African Focused Phosphate Developer

    For personal use only West African Focused Phosphate Developer The Next Generation: Preparing for Production

  2. Slide 2: Disclaimer

    Disclaimer For personal use only Minbos Resources Limited (“Minbos”) has prepared this presenta8on (the “Presenta,on”) solely for the benefit of the Recipient. This Presenta8on is provided solely for the purpose of assis8ng the Recipient in its evalua8on of Minbos and its phosphate development projec

  3. Slide 3: Highlights

    Highlights For personal use only § New Execu8ve and experienced board § Explora8on licences in Angola and the Western DRC – Minbos, through its JV, is the largest holder of phosphate explora8on ground in the Congo Basin § Two development projects, both high grade with strong economics and well de

  4. Slide 4: We have a world class tenement holding…

    We have a world class tenement holding… For personal use only

  5. Slide 5: and rising global demand

    and rising global demand § Demand for fer8lizer: For personal use only q Rising world popula8on q Changing diets as incomes grow q Constraints on arable land q Government policies to enhance crop yields + encourage use of biofuels “Global phosphate consump1on is forecast to grow by 45% by 2030”

  6. Slide 6: We are positioned to take advantage of market restructuring…

    We are positioned to take advantage of market restructuring… For personal use only § Supply being influenced by: q High Capex and Opex – mainly due to logis8cs q Lower grade ore and concentrates q Shim in market towards ver8cally integrated opera8ons “7.5% decrease in average grade of P2O5 concen

  7. Slide 7: and ideally located to serve growth markets

    and ideally located to serve growth markets For personal use only

  8. Slide 8: Angola is moving forward…

    Angola is moving forward… For personal use only § Fastest growing economy in Africa § Between 2001 – 2010, Angola had the world’s highest annual average GDP growth @ 11.1% § Africa’s number 1 oil producer and 3rd largest producer of diamonds § China’s largest oil supplier § Well developed infra

  9. Slide 9: with a favorable political landscape

    with a favorable political landscape For personal use only § Recently concluded Presiden8al elec8ons. Jose Eduardo dos Santos re-­‐elected for a second term § Mining Minister Mr Joaquim Duarte da costa David has a priori8zed agenda to promote junior scale explora8on and mining and diversify away f

  10. Slide 10: The DRC is an emerging resource powerhouse…

    The DRC is an emerging resource powerhouse… For personal use only § 2nd largest country by area in Africa § World’s largest producer of cobalt ore § One of Africa’s largest mining countries § Has vast resources of copper, cobalt and diamonds § The Copper belt is one of the world’s greatest meta

  11. Slide 11: with an improving political landscape

    with an improving political landscape For personal use only § Recently concluded Presiden8al elec8ons. President Joseph Kabila re-­‐elected for second term § Licences are in the West of the country, some 3,500km’s from occasional border skirmishes § Foreign investment in the mining sector is the

  12. Slide 12: We have high value target projects in a highly prospective basin…

    We have high value target projects in a highly For personal use only prospective basin…

  13. Slide 13: and significant holdings…

    and significant holdings… For personal use only Concession area of 4000 km2 in the Congo Basin running from Cabinda, Angola to Western DRC. § Cabinda Phosphate (50% interest) q Cacata, Mongo Tando, Chibuete, Chivovo and Ueca deposits with historical and current explora8on data. § Western DRC Phos

  14. Slide 14: An exciting story continues to develop

    An exciting story continues to develop For personal use only Deposit Tonnes Grade COG Category Comments (Mt) (%P2O5) (%P2O5) Cabinda, Angola Cacata 30.4 17.2 5 Indicated Including 22.5Mt @ 21.4% P2O5 Chivovo 6.7 20.3 5 Inferred Mongo Tando 117.7 13.6 5 Inferred Chibute 150.0 8.3 5 Inferred Sub Total

  15. Slide 15: Cacata in focus

    For personal use only Cacata in focus Angola

  16. Slide 16: Where is it? Cacata

    For personal use only Where is it? CACATA

  17. Slide 17: Project Summary

    Project Summary For personal use only § Project Status: Located on the highly prospec8ve and high grade Eastern Limb. Commencing Bankable Feasibility Study. High grade resources defined, scoping study confirms robust project economics § JORC Resource: 30.4Mt total @ 17.2 % P2O5, including 22.5Mt @ 2

  18. Slide 18: The financials are robust

    The financials are robust For personal use only Project Financials (800ktpa Phosphate Rock Concentrate) – 100% basis § Revenue US $180/t (excludes 12% premium as quoted by CRU Strategies) § Opex $54.4/t (Excludes Royal8es) § Capex US $157.1M (Excluding con8ngency) § NPV $311M (@ 10% discount) §

  19. Slide 19: Capital Expenditure

    Capital Expenditure For personal use only Cacata%Capital%Costs% Description%% Total%US%$M% Mining% 9.5% Process%Plant% 54.8% Tailings%Dam% 6.8% Storage%and%Transport%(Land)% 22.5% Storage%and%Loading%(Sea)% 57.5% Owners%Costs% 6.0% Contingency%(15%)% 23.6% TOTAL%CAPEX% 180.7% %

  20. Slide 20: Operating costs are low

    Operating costs are low For personal use only Cacata%Operating%Costs Description%% Total%US$/t%FOB Mining% 5.72 Processing%Plant% 25.12 TSF% 0.50 Product%Transport%(Land)% 13.63 Product%Transport%(Sea)% 3.25 General%and%Admin% 6.20% OPEX%PER%TONNE%PRODUCT% 54.42 %

  21. Slide 21: Proposed Development Path - Cacata

    Proposed Development Path - Cacata For personal use only 2013 2014 2015 2016 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 Define Scope of Bankable Feasibility Study Tender Bankable Feasibility Study Bankable Feasibility Study Project Financing Proje

  22. Slide 22: Kanzi in focus

    For personal use only Kanzi in focus DRC

  23. Slide 23: Where is it? Kanzi

    Where is it? For personal use only FUNDU NZOBE KANZI

  24. Slide 24: Project Summary

    Project Summary For personal use only § Project Status: Scoping Study for 1Mt concentrate produc8on completed. Drilling for BFS recently completed § JORC Resource: 66Mt total @ 15.3 % P2O5 including 44Mt @ 21.4 % P2O5. § ‘Pitable’ Resource Iden,fied: 26Mt § Mining: Free Dig, no drill and blast st

  25. Slide 25: The financials are compelling

    The financials are compelling For personal use only Project Financials (1Mtpa Phosphate rock concentrate) – 100% basis § Revenue US $180/t § Opex $50.8/t (Excluding Royal8es) § Capex US $106M (excluding con8ngency and based on Owner Operated Mining) § NPV $626M (pre-­‐tax @ 10% discount) § IRR

  26. Slide 26: Capital Expenditure

    Capital Expenditure For personal use only Kanzi&Capital&Costs& Description&& Total&US&$M& Mining% 14.2% Process%Plant% 50.6% Tailings%Dam% 9.7% Project%Logistics% 17.6% Project%Management% 3.9% Relocation%of%Village% 10.0% Contingency% 15.9% TOTAL%CAPEX% 121.9% %

  27. Slide 27: Operating costs are low

    Operating costs are low For personal use only Kanzi&Operating&Costs Description&& Total&US$/t&FOB Mining% 13.45 Project%Logistics% 3.25 Beneficiation% 24.59 Tailings%Dam% 0.50 G%and%A% 9.00 OPEX%PER%TONNE%PRODUCT% 50.79 %

  28. Slide 28: There is opportunity for earlier cash flow...

    There is opportunity for earlier cash flow... For personal use only § A smaller opera8on of nominal 300Kt produc8on is being evaluated § This will provide cash flow for organic growth and to pursue the high regional explora8on poten8al § Phase 1 of a logis8cs study is complete q Likely path for c

  29. Slide 29: Proposed Development Path - Kanzi

    Proposed Development Path - Kanzi For personal use only 2013 2014 2015 2016 2017 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 Mining Licence Application and EIA Logistics Study Stage 2 Phase 1 Feasibility Study Phase 1 Financing Phase 1 Execution Phase 1

  30. Slide 30: Share Growth Catalysts

    Share Growth Catalysts For personal use only § Gran8ng of Mining Licenses (Exploita8on Permits) in the DRC in Q2 2013 § Upgraded resources at Cacata (Measured) and Kanzi (Indicated) in Q1 2013 § Securing a Strategic Partner with a global reputa8on in Q2 2013 § BFS for small Phase 1 Kanzi project

  31. Slide 31: Board and Management

    Board and Management For personal use only Peter Richards Non Execu,ve Chairman § Peter has over 30 years of business and interna8onal experience with global companies including BP plc, Wesfarmers Ltd and Dyno Nobel Limited. § Recently re8red as CEO of Dyno Nobel following its successful takeover.

  32. Slide 32: Minbos presents a compelling investment proposition

    Minbos presents a compelling investment proposition For personal use only § Mul8ple projects with clear near-­‐term development path § Well located with established infrastructure in place § Low OPEX, high grade resources resul8ng in excellent economics when compared to other projects globally §

Minbos Resources — Investor Presentation (April 2013) on 6ix