Gcm Resources Plc · LSE:GCM
Gcm Resources — Asia Energy — Asian Coal Trans Conference 2005
22 slides from Gcm Resources's conference presentation, March 2005
Slide 1: The Phulbari Coal Mine Development Bangladesh
The Phulbari Coal Mine Development Bangladesh March 2005 Listed on the London Stock Exchange (AIM) Market – AEN.L
Slide 2: Project Overview
Project Overview y Mission – to develop a world-class open cut coal mine in north- west Bangladesh y The Phulbari coal deposit has an average seam thickness of 35 metres y Coal quality is Bituminous Rank A and B, including Semi-soft Coking Coal and high energy Thermal Coal y The mine is 10km from th
Slide 3: Project Overview
Project Overview y Full Definitive Feasibility Study (“DFS”) expected to be completed in mid 2005 y Mine development scheduled to commence in 2006, first coal in 2007, full production by 2011 y Financing is underway, advised by Barclays Capital, with strong international interest y This Project will
Slide 4: Project Summary
Project Summary Coal Mining Rate Start up 2007, building to 15 Mtpa over 5 years License Area 5,489 hectares Coal Type High Volatile, Bituminous A & B Coal Reserves1 430 Mt Geology Coal measures 15 – 70 metres thick over 3 seams at depth of 120 – 240 metres Indicative Mine Life Minimum 30 years Aver
Slide 5: Project Timeline First Coal 2007
Project Timeline Close/Complete Financing Resource Definitive Q4 2005 First Coal 2007 Statement Feasibility Study Q1 2005 Q2-Q3 2005 Project Development 2006-2007 2005 2006 2007-2011 Lodgement of Ramp Up 2007-2011 Bangladeshi Environmental Permits Q1 2005 Coal Marketing Permitting Q2 2005 Q4 2005 5
Slide 6: Project – Market Access
Project – Market Access y The Project is 300km northwest of Dhaka and 10km from the Indian border y The deposit is serviced by a new dual gauge rail line, with connections to India and throughout Bangladesh, including a range of port facilities y The mine is situated on one of the highest points in
Slide 7: Coal Transport Routes - Rail Network
Coal Transport Routes - Rail Network 7
Slide 8: Project Area
Project Area y Deposit straddles an existing railway line y Close to existing township and social infrastructure y No major river or stream diversions required y Relocation and upgrade of community infrastructure is an important aspect of the Project’s development 8
Slide 9: Depth of Cover to Coal
Depth of Cover to Coal y Project discovery site ` 20m coal intercept at 140m 9
Slide 10: Coal Seam Thickness
Thickness mH 8s S vd * n7Z 5 B - —_— -_ 1 ——— \ = 2824 COON. | \ \ \ \ A \ \ 3 ‘ | ee \ 2822(00N cig) es SiS \ Township YY of 44 VA Phulbari | re S \ Z \ Phtlbari X Coal Deposit A: Area N 7. 2820 00N Nee 7 \ \ | OX 4 \ g A 20 t \ } ? X 40 1 s Roni Sie = ES | 2818 000N. N \ | \ zs \ | \ | eS | \ ; 4
Slide 11: Conceptual Pit Design
Conceptual Pit Design y Flat lying coal seams y Conventional Truck & Shovel Operation y 240 tonne Dump Trucks y 48 cubic metre Excavators 11
Slide 12: Project Consultants
Project Consultants y The Company has appointed internationally known and respected advisers and consultants for the DFS: ` GHD (Study Co-ordination and Coal Resource evaluation) ` MineConsult (mine design) ` QCC (Coal preparation) ` SMEC (Environment and Social) ` Barclays Capital (Financial Adviso
Slide 13: Coal Marketing Parameters
Coal Marketing Parameters y Coal Product Mix ` Three Branded Product Types (Semi-Soft Coking Coal, High Energy Thermal Coal, Domestic Industrial Thermal) y Coal to Market ` Rail and truck access to local and cross border Indian markets ` Rail to existing ports on existing dual guage railway and then
Slide 14: Coal Products
Coal Products y At full output of 15 Mtpa, the Mine can sustain the following product mix ` 50% Export Thermal ~ 7.5 - 8.0 Mtpa ` 25% Export Metallurgical ~ 3.5 - 4.0 Mtpa ` 20% Domestic Thermal ~ 3.0 - 3.5 Mtpa 14
Slide 15: Coal Marketing – Three Branded Product Types
Coal Marketing – Three Branded Product Types ` Semi-Soft Coking Coal, with internationally desirable attributes such as – Low Ash (6.5% Air Dried) – Low Contaminants (Phosphorous < 0.03%) – Medium coking properties (CSN 4) – Low Sulphur (0.8% Air Dried) – High Volatiles (~ 33% Air Dried) ` Thermal E
Slide 16: Export Coal Products – Provisional Specifications
Export Coal Products – Provisional Specifications Typical Specification Semi – Soft Coking Coal Standard Thermal (Air Dried, unless stated) Total Moisture (% as received) 8.0 8.0 Proximate Analysis Moisture (%) 2.5 2.5 Ash (%) 6.5 13.0 Volatiles (%) 33.5 31.0 Fixed Carbon (%) 57.5 53.5 Sulphur (%) 0
Slide 17: Coal Product Development
Coal Product Development y As part of the DFS, the Large Diameter drill core program (to be completed in March 2005) and subsequent testing at ACIRL in Australia will ` allow further washability tests ` confirm final Specifications for Branded Products ` increase the Specification data for Semi-Soft
Slide 18: Bangladesh – A Country Overview
Bangladesh – A Country Overview y Bangladesh came into existence in 1971 when Bengali (East Pakistan) seceded from its union with West Pakistan y Area: 144,000 sq km – half the size of Italy y Population: 141 million y Religions: Muslim 83%, Hindu 16%, other 1% y Climate is tropical with mild winter
Slide 19: Bangladesh – Asia Energy's Positive Contribution
Bangladesh – Asia Energy’s Positive Contribution y Direct royalty and tax income to Bangladesh over life of mine y Substantial indirect income generated through the economic multiplier effect y Major improvement in balance of payments through exports and replacement of domestic coal imports y Signif
Slide 20: Contacts
Contacts y Michael Frayne, Joint Managing Director michael.frayne@asia-energy.com y David Lenigas, Joint Managing Director david.lenigas@asia-energy.com y Asia Energy Plc Tel: +44 (0) 207 079 1798, Fax: +44 (0) 207 491 2758 info@asia-energy.com; www.asia-energy.com 20
Slide 21: Important Notice
IMPORTANT NOTICE ` These presentation materials (“the Presentation Materials”) in respect of Asia Energy Plc (“the Company”) are being issued on a strictly private and confidential basis to, and only to, Investment Professionals as defined in Section 19 of the Financial Services and Markets Act (Fin
Slide 22: Presentation End
PRESENTATION END THE PHULBARI EXPORT COAL MINE WILL MAKE A SIGNIFICANT DIFFERENCE TO THE ECONOMY AND PEOPLE OF BANGLADESH 22