Tertiary Minerals Plc · LSE:TYM
Tertiary Minerals — Investor Presentation (February 2015)
24 slides from Tertiary Minerals's investor presentation, Feb 26, 2015
Slide 1: Building a Strategic Position in the Fluorspar Sector
Building a Strategic Position in the Fluorspar Sector Company Presentation 26 February 2015
Slide 2: Disclaimer
Disclaimer The content of information contained in these slides and the accompanying verbal presentation (together, the “Presentation”) has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance upon this Presentation for the pu
Slide 3: Board of Directors
Board of Directors 1. Patrick Cheetham, Executive Chairman Geologist. 33 years’ experience in mineral exploration. 28 years’ experience in public company management. Founder of the Company, Dragon Mining Ltd, Archaean Gold NL and Sunrise Resources plc. 4 5 1 2 3 2. Richard Clemmey, Managing
Slide 4: Company's Aims, Strategy and Business Plan
Company’s Aims, Strategy and Business Plan Company’s Opportunity in Fluorspar (CaF2) • Fluorspar is an essential raw material in the chemical, steel and aluminium industries and in a growing number of high-tech green technologies and pharmaceutical applications. • Fluorspar has a growing economic an
Slide 5: Project Locations and Performance
Project Locations and Performance 5
Slide 6: Fluorspar Market
Fluorspar Market Fluorspar - What is it used for? • Fluorspar is the commercial name for concentrates of the mineral Fluorite, CaF2. • Fluorite is the main industrial source of Fluorine, F. Fluorocarbons - 2.16 Mt/year e.g. New generation of environmentally friendly refrigerants - HFO’s Fluoropolyme
Slide 7: Fluorspar Market Dynamics
Fluorspar Market Dynamics • China produces >50% of the world’s fluorspar. • Chinese exports have declined substantially since 2000 – internal demand. • China may become a net importer in the future. • Acid-spar prices have declined since late 2012 but the long-term trend has been upwards with prices
Slide 8: Storuman Fluorspar Project
Storuman Fluorspar Project Excellent Location & Infrastructure • Adjacent to the main E12 highway. • Storuman town and new bulk rail terminal – 25 km. • Road and rail linked to Umeå Port – 240 km. Umeå Lars Lind 8
Slide 9: Storuman Fluorspar Project
Storuman Fluorspar Project Base Case Positive Scoping Study Tonnage/grade in pit (non-JORC) 18mt @12.3% Fluorspar Strip ratio 2.2:1 • Completed by Scott Wilson. Mining rate c. 1 million tpa • Process flow sheet - Delta Minerals. Fluorspar Price (CIF Rotterdam) $US 357/tonne • Robust economics. Avera
Slide 10: Storuman: Medium Scale Global Producer
Storuman Fluorspar Project Medium Scale Global Producer Storuman vs Leading Producers 2012 1,200,000 Production rate of 103,000 tpa: 1,000,000 • Medium Scale Global Producer 800,000 • Production (t) A Leading European Producer 600,000 • Resource base will support future expansion 400,000 200,000 0 S
Slide 11: Storuman Fluorspar Project: Mining and Processing
Storuman Fluorspar Project Mining and Processing • Low waste : ore ratio and horizontal ore horizons with no fluorspar mineralisation in the granite basement lends itself to cut and fill mining technique (progressive restoration). • Processing method is common in the mining industry – not bespoke. O
Slide 12: Storuman Fluorspar Project: 2014 Highlights
Storuman Fluorspar Project 2014 Highlights • Preparation and submission of Exploitation (Mine) Permit application – Completed Q2. • Final stage of Preliminary Feasibility Study (PFS) metallurgical testwork – close to completion. 2015 Target Milestones • Final stage of Preliminary Feasibility Study (
Slide 13: Lassedalen Fluorspar Project
Lassedalen Fluorspar Project Excellent Location & Infrastructure • 500 m from highway E134 & Railway. • 6 km from famous silver mining town of Kongsberg. • 50 km from Port of Drammen. • 80 km SW of City of Oslo. 13
Slide 14: Lassedalen Fluorspar Project: History and Geology
Lassedalen Fluorspar Project History and Geology • Steeply dipping fluorspar vein system in 4 km long vein breccia zone. • Drilled by Norsk Hydro in the 1970’s – 28 diamond holes. • Proved vein over 2.7 km strike length. • Open at depth and along strike. 14
Slide 15: Lassedalen Fluorspar Project: Milestones Achieved
Lassedalen Fluorspar Project Milestones Achieved • JORC Mineral Resource Estimate (SRK Consulting) – 2012. • Re-logged and sampled 3.5 km of drill core from 23 of the 28 diamond holes drilled in the 1970’s. Classification Million Tonnes (Mt) Fluorspar (CaF2%) Inferred 4 24.6 • Scoping Study (Wardell
Slide 16: MB Fluorspar Project
MB Fluorspar Project Nevada - Most Favourable Mining Jurisdiction in the USA • Located 14 km SW of Eureka, Eureka County, Nevada. • Trans-national road and rail links, rail 161 km from the project location. • 780 km to port of San Francisco. • Road access to and over property. • Government land - no
Slide 17: MB Fluorspar Project: Highlights
MB Fluorspar Project 2013 Highlights • Phase 1&2 drilling programmes 26 holes, 3220 metres. 2014 Highlights • Large Maiden JORC Compliant Mineral Resource Estimate – completed April 2014. Classification Million Tonnes (Mt) Fluorspar (CaF2%) Indicated (8% CaF2 cut-off) 8.9 10.3 Inferred (8% CaF2 cu
Slide 18: MB Fluorspar Project: Phase 3 Drilling Results
MB Fluorspar Project Phase 3 Drilling Results - Highlights • Hole 14TMBRC027: 307.85m grading 8.42% CaF2 from 59.44m depth, including: 141.73m grading 11.55% CaF2 of continuous mineralisation from 225.55m depth. 70.10m grading 16.63% CaF2 from 59.44m, total of several higher grade intersections
Slide 19: MB Fluorspar Project
View looking NNE 1 4TMBRCO27| || Defined Mineralisation Section Line [SD Significant Mineralisation Drill Sample © Drillhole 516m MB Fluorspar Project 1275m 120m 19
Slide 20: MB Fluorspar Project: 2015 Target Milestones
MB Fluorspar Project 2015 Target Milestones • JORC Mineral Resource Upgrade in Q2. • Results from Phase 3 and Resource Upgrade will determine the next step: Phase 4 drilling/Geophysical Survey/Scoping Study. 20
Slide 21: Fluorspar Project Timetable
Fluorspar Project Timetable Fluorspar Projects - Indicative Schedule Storuman 2014 2015 Q1 Q2 Q3 Q4 Pre-Feasibility Study (PFS) Metallurgical Testwork Complete Scoping Study Level Evaluation for Processing and Mine Planning Complete Exploitation (Mining) Permit Submit Remaining Elements of the PFS C
Slide 22: Other Projects
Other Projects Non-Core Projects • Kaaresselkä - Kiekerömaa - Gold, Finland Kaaresselkä licence renewal granted in March 2013. Kiekerömaa licence renewal granted in April 2014. Re-evaluating historic exploration results. Looking to valorise the project through joint venture or sale. • Rosend
Slide 23: Investment Case
Investment Case Tertiary Minerals plc - The only UK public traded company offering an exciting exposure to looming fluorspar market shortage. • Fluorspar market is going through a “paradigm shift” – with China evolving from a large net exporter to a potential net importer. BROKER RESEARCH - Price Ta
Slide 24: Thank You for Your Time and Support
Building a Strategic Position in the Fluorspar Sector THANK YOU FOR YOUR TIME AND SUPPORT The full Company presentation is available on our website: www.tertiaryminerals.com Nominated Adviser & Joint Broker Joint Broker Public Relations Tertiary Minerals plc S P Angel Corporate Finance LLP Beaufort
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