Reward Minerals Ltd · ASX:RWD
Reward Minerals — Investor Presentation (March 2015)
17 slides from Reward Minerals's investor presentation, Mar 25, 2015
Slide 1: Reward Minerals Limited: Focussed on Developing the LD Project
For personal use only REWARD MINERALS LIMITED Focussed on Developing the LD Project Corporate Presentation March 2015 ASX Code: RWD
Slide 2: Forward Looking Statements & Disclaimer
FORWARD LOOKING STATEMENTS & DISCLAIMER For personal use only This document includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should”, and similar expressions are forward-looking statements. Althou
Slide 3: Company Highlights
COMPANY HIGHLIGHTS For personal use only Reward is delineating and de-risking a likely World-Class Potassium Sulfate (SOP) brine resource at its LD Potash Project in Western Australia SOP is a premium Potash fertilizer with excellent fundamentals (SOP prices are currently ~AU$850/t) and limited new
Slide 4: Corporate Overview
CORPORATE OVERVIEW For personal use only Capital Structure 25 March 2015 ASX:RWD Price History (1 Year) Ordinary Shares on Issue 111.7m Options on Issue1 24.1m Share Price $0.55 Undiluted Market Capitalisation $61m Cash & Equivalents2 A$5m Undiluted Enterprise Value A$56m Major Shareholders Name Sha
Slide 5: Board & Senior Management
BOARD & SENIOR MANAGEMENT For personal use only Board of Directors Senior Management Colin McCavana – Non-Executive Director, Chairman Daniel Tenardi – Projects Director - 30+ years experience in mining and earthmoving - 25+ years mining experience for various organisations industries including the
Slide 6: What is Potash?
WHAT IS POTASH? For personal use only Potash is a generic term for various Potassium (K) salts Used primarily as a fertilizer One of the three primary agricultural nutrients – N (Nitrogen) P (Phosphorus) K (Potassium) SOP and MOP are in a final form ready for crop application Boosts plant health and
Slide 7: The Potash Market
THE POTASH MARKET For personal use only Muriate of Potash (MOP, KCl) Sulphate of Potash (SOP, K2SO4) Accounts for over 86% of total potassium Accounts for around 10% of total potassium fertilisers produced globally fertilisers produced globally Contains 46% chloride Contains 18.4% sulphur Chloride m
Slide 8: The SOP Premium
THE SOP PREMIUM For personal use only SOP attracts a premium price (historically c.50%) which has widened due to 900 supply instability in the MOP market 800 SOP is chloride free AU$850 Supply is constrained with very few large 700 greenfield projects available 600 Potash Price per Tonne ($/t) SOP P
Slide 9: SOP Production & Cost Curve
SOP PRODUCTION & COST CURVE For personal use only $900 Current SOP Price Primary AU$850/t $800 Brine salts with potassium are pumped into Brine (Reward) ponds, solar evaporated, harvested and processed – lowest cost of production 30% $700 method $600 Highly dependent on evaporation conditions Great
Slide 10: LD Project Overview
LD PROJECT OVERVIEW For personal use only Project Overview Little Sandy Desert (W.Australia) Location ~340km east of Newman SOP Resource 24.4Mt @ 12.37kg/m3 (K2SO4) (Indicated, in Brine, to only 4m depth) In-situ playa brine Type of Deposit Similar chemistry to Great Salt Lake (high sulphate brine)
Slide 11: Current LD Resource & Exploration Upside
CURRENT LD RESOURCE & EXPLORATION UPSIDE For personal use only SOP Resource Estimate Sediment Tonnage Estimate (SG: 1.95) 7.7 x 109 Mt 3.17 kg / t Sediment SOP content (soluble) 6.17 kg / m3 Brine SOP concentration (SG: 1.19) 12.37 kg/m3 SOP Resource Estimate 24.4 Mt (to 4m average depth) Resource E
Slide 12: LD Project Current Exploration Program
LD PROJECT CURRENT EXPLORATION PROGRAM For personal use only LD Resource Expansion Program - Six cased holes Phase 1 - 4km spaced grid (3x2) - ~12 cased holes (4km apart) transecting Phase 2 the north-south and east-west extent of the lake - Infill drilling of the resource on a 4x4km Phase 3 basis D
Slide 13: LD Project Scoping Study
LD PROJECT SCOPING STUDY PRELIMINARY PLANT DESIGN / COSTING For personal use only Plant Capital Cost Estimate (400ktpa) Plant Operating Cost Estimate Category Cost ($’000) Category CNG Diesel Process Plant 87,712 $/t SOP $/t SOP Plant Infrastructure 25,151 Labour & Maintenance 42.8 42.8 Miscellaneou
Slide 14: LD Project Timeline
LD PROJECT TIMELINE For personal use only Following the commencement of resource expansion at LD the Project has a clear development path 2015 2016 Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 LD Exploration Scoping Study Feasibility Study Environmental Impact Assessment Mining Lease Applications Pilot Ponds Pr
Slide 15: Why Reward?
WHY REWARD? For personal use only Reward’s favorable project economics support low capital and operating cost potential Key Project Parameters Proximity to Key Markets Substantial resource potential Reward’s geographic location places it in close High value product - SOP proximity to key Asian marke
Slide 16: Competent Person Statement
COMPETENT PERSON STATEMENT For personal use only Reward Minerals Ltd advise that Resource Parameters provided in this presentation relating to the LD Project are based on information compiled by Mr Simon Coxhell of CoxsRocks who is a Member of the Australasian Institute of Mining and Metallurgy and
Slide 17: Appendix 1: Regional Projects
APPENDIX 1: REGIONAL PROJECTS For personal use only Overview of Regional Projects Karly Project Dora Project Exploration Licences and Projects Level of Access Lake Winifred Project Applications Lake Auld Project Great Sandy Desert LD testwork results and Location Production Process Western Australia