Turnstone Resources Ltd · ASX:TSR

Turnstone Resources — South Harz Potash — Shareholder Meeting (December 2021)

15 slides from Turnstone Resources's shareholder meeting presentation, Dec 16, 2021

  1. Slide 1: South Harz Potash Ltd. Annual General Meeting

    SOUTH HARZ POTASH LTD. Annual General Meeting 16 December 2021

  2. Slide 2: Disclaimer

    Disclaimer Forward looking and Competent Person’s statements This presentation has been prepared by South Harz Potash Limited (“South Harz Potash”, “SHP”, “The Company”). The information contained herein is a professional opinion only and is provided in good faith. Certain information has been deriv

  3. Slide 3: South Harz Potash: Building a world-class potash business in Germany

    South Harz Potash Building a world-class potash business in Germany SIMPLE MINERAL EXTRACTION PROCESS A PROJECT OF 567Mt SIGNIFICANT CONTAINED K2O AT SHALLOW CONVENTIONAL DISSOLVING AND CRYSTALLISATIO QUALITY DEPTH ACROSS MINING & CRUSHING CLARIFYING N & DRYING 659km 2 SUPPLYING A LARGE, GROWING MOP

  4. Slide 4: Equity raising completed

    Equity raising completed Raised A$5.3 million gross proceeds via placement USE OF PROCEEDS SOURCE OF FUNDS A$M ACCELERATING Cash balance (30 September 2021) Equity raising Total funds available 7.6 5.3 12.9 EVALUATION USE OF FUNDS Ohmgebirge drilling – two confirmation holes A$M 8.0  Total expected

  5. Slide 5: Corporate snapshot

    Corporate snapshot ASX | SHP MARKET SHARES ON PRO-FORMA SHARE PRICE MAJOR CAPITALISATION1,2 ISSUE2 CASH POSITION2 A$/SHARE1 SHAREHOLDERS3 A$67M 475M A$12.9M A$0.14 8% A$/share 7% 0.20 5% 0.18 4% 2% 0.16 0.14 0.12 74% 0.10 0.08 Delphi Unternehmensberatung Aktiengesellschaft 0.06 Board and Management

  6. Slide 6: A year of highlights

    South Harz Potash A year of highlights AUD/share 0.20 A$10M Len Jubber Anger’s Drill permit institutional appointed selected to drill secured for 1st 0.18 placement to Board first site drill hole 0.16 Thüringer social Andrew and media Robinson 0.14 program appointed CFO 0.12 A$5.3M institutional 0.1

  7. Slide 7: Prices at decade-long highs

    Prices at decade-long highs Underpinned by strong global demand and opaque supply dynamics GLOBAL MOP PRICING Standard MOP Vancouver FOB (bulk) US$/t (real 2020$) ESCALATING 700 600 SHARPLY 500  High demand in Brazil and the US shows little 400 signs of slowing down  Imminent new contract settleme

  8. Slide 8: A large, growing market: Targeting MOP demand

    A large, growing market Targeting MOP demand in Europe and Latin America OUR MINERAL DEPOSIT Global MOP demand forecast 2035 (Mtpa) German MOP production forecast (Mtpa) IS SET TO PRODUCE 95 actual forecast 4,000 actual forecast 90 MOP 3,500 +19 Mtpa -1Mtpa 85 3,000 2,500 80  Muriate of Potash (MOP

  9. Slide 9: A large, growing market: MOP vs SOP

    A large, growing market Current supply tightness and agricultural demand are driving multi-year highs MOP SOP MURIATE OF POTASH SULPHATE OF POTASH VS MOP SOP GLOBAL POTASH DEMAND 60% K2O EQUIVALENT 52% K20 EQUIVALENT  Potassium chloride  Potassium sulphate IS DOMINATED BY MOP  Large, well structu

  10. Slide 10: The project definition

    The project definition Resource upgrade drilling and Scoping Study SYSTEMATICALLY ACTIVITY (CALENDAR Q421 Q122 Q222 Q322 Q422 YEAR) ADVANCING South Harz Potash Resource elevation Confirmatory drill permitting THE SOUTH HARZ PROJECT Confirmatory drilling X X  Drilling permit received for the first o

  11. Slide 11: Multi-project potential

    Multi-project potential High scalability and flexibility of development approach ABILITY TO GROW IN A MODULAR, CAPITAL Future Project growth:  M-N North EFFICIENT FASHION  M-N South  E Total MOP output  Perpetual mining licenses are a key differentiating feature of our asset profile  Eliminates

  12. Slide 12: A compelling investment proposition

    South Harz Potash A compelling investment proposition LARGE-SCALE MINERAL RESOURCE CONVENTIONAL GEOLOGY 5.3   5.3 Bt for 567 Mt contained K2O Comparability to BHP’s Jansen   Mineralisation at shallow depth Thick ore body with consistent mineralisation billion tonnes  Huge scalability and real o

  13. Slide 13: Appendix: Mineral Resource Estimates

    APPENDIX: MINERAL RESOURCE ESTIMATES

  14. Slide 14: Mineral Resources estimates

    Mineral Resources estimates Inferred|100% interest HORIZON Resource (Mt) K2O (%) K2O (Mt) Ohmgebirge1 Sylvinite 261 14.0 36 Carnallitite 64 9.8 6 Nohra-Elende2 Sylvinite 101 14.2 14 Carnallitite 1,597 9.4 150 Mühlhausen-Küllstedt3 Sylvinite 834 12.1 101 Carnallitite 296 8.2 24 Ebeleben4 Sylvinite 32

  15. Slide 15: South Harz Potash Ltd.

    SOUTH HARZ POTASH LTD.

South Harz Potash — Shareholder Meeting (December 2021) on 6ix