Apc Minerals Limited · ASX:APC
Apc Minerals — Australian Potash — Shareholder Meeting (March 2024)
18 slides from Apc Minerals's shareholder meeting presentation, Mar 28, 2024
Slide 1: Annual General Meeting Presentation
For personal use only Australian Potash Limited Annual General Meeting Presentation Thursday 28 March 2024 Subiaco Meeting Rooms 110 Hay Street, Subiaco Western Australia 6008 Lake Wells Sulphate of Potash Project
Slide 2: Disclaimer
Disclaimer Nature of this document This presentation has been prepared by Australian Potash Limited (APC or the Company). The information is based on publicly available information, internally developed data and other sources. By receiving this presentation, you acknowledge and represent to the Comp
Slide 3: Overview: Recapitalised and Re-Energised
Overview: Recapitalised and Re-Energised A. Voluntary Administration 6 December 2023 – 1 February 2024 i. Deed of Company Arrangement (DOCA) proposal accepted by creditors For personal use only ii. Reorganised trade payables (c.$0.3m) and Government rates, rents & taxes (c.$3.7m) iii. Facilitated th
Slide 4: Overview: Recapitalised and Re-Energised
Overview: Recapitalised and Re-Energised A. Australian Potash secured a $1m converting loan to effectuate the DOCA and clear outstanding liabilities (“Converting Loan”) For personal use only B. The Company has lodged a Prospectus to raise a maximum of $6m to recommence operational activities at the
Slide 5: Indicative Structural Outcomes
Indicative Structural Outcomes • After effectuation of the DOCA the Company’s Max Min ($m) liabilities comprised accrued entitlements* and the ($m) Converting Loan For personal use only Net Funding Before Prospectus Offer 0.05 0.05 • The Company has made a Prospectus Offer to all shareholders to rai
Slide 6: Offer Structure
Offer Structure Minimum Target Maximum Existing Shares on Issue 1.0bn 1.0bn 1.0bn For personal use only Offer Price 0.1c 0.1c 0.1c New Shares issued under Offer 2.75bn 5.0bn 1.0bn Capital raised (fully subscribed) $2.75m $5.0m $6.0m Total Shares on issue (post) 3.75bn 6.0bn 7.5bn Indicative Market C
Slide 7: Corporate Snapshot
Corporate Snapshot Board and Management Key Shareholders % For personal use only Matt Shackleton - Managing Director & CEO, Chartered Accountant Yandal Investments 9.8% ▪ Commerce, economics, MBA UWA Kassett Pty Ltd 4.2% ▪ Joined APC 2014 ▪ Former MD of gold developer Mount Magnet South Matt Shackle
Slide 8: Lake Wells Gold Project
Lake Wells Gold Project Lake Wells Project Yamarna Shear Zone (YSZ) “It is worth keeping in mind that this area is truly For personal use only greenfields and covers an area equivalent to the complete area of other known major greenstone belts. Knowledge of this area is in its infancy” - CSA Global
Slide 9: Greenstone Belts of WA Host Gold Mineralisation
Greenstone Belts of WA Host Gold Mineralisation Regis Resources DEC22 Resource Regional gold Resource: 13Moz Gruyere Project JV DEC22 Resource 7.0M ounces 6.7M ounces For personal use only Yilgarn Study Area Perth Lake Wells URGB Project Yamarna Lake Wells Terrane Project Yam14 (0.9 Mt @ 1.21 g/t Au
Slide 10: Walk-up Drill Targets: West Target
Walk-up Drill Targets: West Target West target Legend Drill Collar Max Au_ppb points • This target is the projected northern Bend in Strike For personal use only strike extension of the Yamarna Shear Zone (YZS) and is prospective for Golden Highway style mineralisation (ala Gold Road Resources Ltd (
Slide 11: Walk-up Drill Targets: East Target
Walk-up Drill Targets: East Target • The target is an 8 km strike extension of the Ibanez host rock package • Magnetic data shows that this package For personal use only continues north from Ibanez up through APC’s tenements for 8km and includes a prominent S shaped bend featuring a nearly 90-degree
Slide 12: Lake Wells Gold Project Bend in Strike
Lake Wells Gold Project Bend in Strike Alternative slide using magnetics 1VD For personal use only East Target showing interpreted deep faulting Legend Drill • A geological review of all previous Collar Max Au_ppb points exploration results has been West Target conducted with recommendations for an
Slide 13: West Arunta – Nexus Rare Earths Project
West Arunta – Nexus Rare Earths Project For personal use only Encouraging Initial Drill Results On tenement E80/5779 (100% owned): • 3m at 1,119ppm TREO from 28m including 1m at 1,274 TREO from 28m • 1m at 827ppm TREO from 55m On adjacent tenure: • 2m at 311ppm TREO from 31m • 13m at 1,049ppm TREO f
Slide 14: Managing Director Details
Managing Director Details Matt Shackleton Proposed key terms of Matt Shackleton’s Appointment Managing Director Role Managing Director B.Comm (Economics & Accounting), Chartered Accountant Fellow (FCA), MBA For personal use only (UWA) Term No fixed term, 3 months notice period Matt joined Australian
Slide 15: Indicative Timetable & Use of Funds
Indicative Timetable & Use of Funds Sources of Funds Min ($m) Max ($m) For personal use only Lodgement of Prospectus with ASIC Thursday, 14 March 2024 Existing Cash 0.05 .05 Gross Proceeds from the Offer 2.75 6.0 Annual General Meeting Thursday, 28 March 2024 Total Sources 2.80 6.05 Close offer unde
Slide 16: Key risks
Key risks include but are not limited to; Reinstatement to trading on ASX The Company’s Shares have been suspended from trading on the ASX since 2 October 2023. Part of the purpose of the Share Offer is to raise sufficient funds to enable the Company’s to request re-instatement to trading on ASX. If
Slide 17: Key risks (cont.)
Key risks (cont.) Payment obligations Under the mining and exploration licences and certain other contractual agreements to which the Company is or may in the future become party, the Company’s projects are, or may become, subject to payment and other obligations. Failure to meet these payments and
Slide 18: Australian Potash Limited
For personal use only Australian Potash Limited (ASX: APC) Tel: (08) 9322 1033 Email: admin@australianpotash.com.au Website: www.australianpotash.com.au www.australianpotash.com.au 18