Millennium Minerals — Trigg Minerals — Investor Presentation (February 2023)
25 slides from Millennium Minerals's investor presentation, Feb 13, 2023
Slide 1: Trigg Minerals Limited Company Presentation
ASX : TMG OCT-QB: TMGLF Trigg Minerals Limited Company Presentation 13 February 2023 Forward facing minerals vital for global food security
Slide 2: Disclosures and Disclaimers
DISCLOSURES AND DISCLAIMERS Disclaimer This presentation (Presentation) has been prepared by Trigg Minerals Limited ACN 168 269 752 (ASX:TMG) (Company) and is for informational purposes only. The material contained in this Presentation is a summary of general background information about the activit
Slide 3: Disclosures and Disclaimers cont.
DISCLOSURES AND DISCLAIMERS cont. Cautionary Statement (cont.) The Scoping Study results contained in this Presentation relate solely to the Project and does not include Exploration Targets or Mineral Resources defined elsewhere. The Company has concluded it has a reasonable basis for providing the
Slide 4: Corporate Overview
CORPORATE OVERVIEW Developing a new world-class source of the essential potassium mineral fertilizer, sulfate of Potash Directors Capital Structure Keren Paterson Mike Ralston Ordinary Shares (TMG) 201 million MD & CEO Non Executive Chair Share Price (10/02/23) $0.038 Maree Arnason Rod Baxter Market
Slide 5: The Trigg Investment Case
THE TRIGG INVESTMENT Sulfate of Potash is vital for a sustainable future and global food security CASE Premium price - supported by global uncertainty, supply disruptions, world population and need for increasing yields Project located in the world class mining jurisdiction of Western Australia Pote
Slide 6: 2022: An Award Winning Year for Trigg
2022: AN AWARD WINNING YEAR FOR TRIGG Discovery of the Year WIM100 - 100 Global Lake Throssell Inspirational Women in Mining MD & CEO, Keren Paterson Silver Star for Explorer of the Year Finalist Gender Equality T RIG G M INER AL S LIM IT ED 6 N O T F O R R E L E A SE T O U S W I R E S E R V I C E S
Slide 7: Why Fertilizer?
WHY FERTILIZER? It is the single most important development in global health - by far Mineral Lives Saved From Ground-Breaking Discoveries fertilizer 2.7 Billion Lives saved Blood Groups 1.09 Billion Green Smallpox Revolution Vaccine Diphtheria & Chlorination 530 M Penicillin Measles Wheat DDT-Malar
Slide 8: Plant Nutrition 101
Mineral fertilizers PLANT account for half of the world’s food NUTRITION 101 supply PLANTS NEED: sun, water, carbon, oxygen & growing medium to grow + MACRO NUTRIENTS – N,P,K + S: N - Nitrogen: urea (natural gas) P - Phosphorus: phosphate rock K - Potassium: potash – muriate/sulfate of potash S - Su
Slide 9: Why Sulfate of Potash?
WHY SULFATE OF POTASH? sulfate OF POTASH (K2SO4) - SOP Potassium sulfate contains only nutrients the plants need. It is a niche, inelastic, essential and efficient fertilizer necessary for high-value, chloride sensitive crops such as fruit, vegetables, avocados, coffee beans, grapes, tree nuts, coco
Slide 10: Organic Food Market
ORGANIC FOOD MARKET Large consumer-driven market growing rapidly GLOBALLY USA US$227 billion organic food US$57 billion organic food sales market Organic food sales account for 6% of 3.4 million organic farmers US total food sales 75 million hectares certified 94 million Americans consume organic or
Slide 11: Potash Market
POTASH MARKET TOTAL POTASH MARKET SOP MARKET SULPHATE OF POTASH 80 Mt increasing to 100 Mt in 2036 7 Mt increasing to 9 Mt by 2036 • 35% comes from primary sources - Considered to be rare: requiring both geological and climatic conditions to form the deposits Reacted Other Salts Primary • Remainder
Slide 12: Market Outlook
MARKET OUTLOOK Growth in sulfate of Potash Demand & Crop Production Exceeds Global Population Growth 350 Index, (1975 = 100) STRONG DEMAND GROWTH • SOP demand is increasing 3x faster than global population – now 8 billion people 300 OUTLOOK 250 • Trend is expected to continue: • Reducing area of ara
Slide 13: Global SOP Producers
GLOBAL SOP PRODUCERS PRODUCTION CONCENTRATED Yara GEOGRAPHICALLY Kemira Luobupo Bindi • China (brine & Mannheim) K+S Tessenderlo Migao Compass - two-thirds of global capacity Peak Minerals • Europe (reacted salts & Mannheim) Chuanhua Evergrow Migao Sesoda AUSTRALIA • Net importer with potential to b
Slide 14: 2022: A Year Like No Other
2022: A YEAR LIKE NO OTHER 8 Billion people Reduced global food security Increased geopolitics Increased food related Civil unrest Increased sanctions Agriculture at COP 27 Increasing food prices US$750M in grants for USA fertilizer developments Increased nationalism It is time for fertilizers to be
Slide 15: Benchmark Price
BENCHMARK Northwest Europe Benchmark - SOP & MOP, Scoping Study PRICE $1,400 Assumption plus SOP Premium PREMIUM PRICING $1,200 • Need for Mannheim production to meet demand: $1,000 • Price floor $800 • Mannheim input costs USD/t • Price premium $600 $400 LAKE THROSSELL SCOPING STUDY1 $200 • Long-te
Slide 16: Lake Throssell
LAKE THROSSELL Project locations and the sealing of the Outback Highway progress TIER 1 PROJECT • Located in Western Australia – #1 global jurisdiction for mining investment1 • Established transport infrastructure - road and rail access with new sealed highway to mine gate under construction2 • Scop
Slide 17: Lake Throssell
LAKE THROSSELL Lake Throssell Mineral Resource outline – Basal Aquifer BRINE HOSTED DEPOSIT • TOTAL - 13.3Mt SOP @4,760 mg/L K or 10.6kg/m3 SOP (14.8MT @ 0. 0.66lb/ft3 SOP) • INDICATED PORTION: 8Mt (8.9MT) • EXPLORATION UPSIDE • Deposit open along strike • EXPLORATION TARGET Additional 2.3-9.9Mt (2.
Slide 18: Scoping Study Production Method
SCOPING STUDY Lake Throssell schematic cross section PRODUCTION METHOD • Pumping of potassium-rich brine from bores and trenches • From a wide palaeovalley – up to 6km (3.7mi) wide • To produce a low carbon1 source of SOP 1. Scoping Studied estimated 0.17t CO2equiv/t SOP with PFS to investigate furt
Slide 19: Scoping Study Site Layout
SCOPING STUDY Lake Throssell Scoping Study proposed site layout SITE LAYOUT MINIMISE ENVIRONMENTAL FOOTPRINT • Phase 1 evaporation: on-lake ponds to remove halite (table salt) • Phase 2 evaporation: off-lake lined ponds to produce potassium rich salts (KTMS) (or alternative processing) • Processing
Slide 20: Scoping Study Process Flowsheet
SCOPING STUDY Lake Throssell Scoping Study process flowsheet PROCESS FLOWSHEET PRODUCTION OF FEED SALTS • Proven methodology, but takes time to ramp up evaporation cycles • Trigg is testing an alternative processing pathway for KTMS production PROCESSING OF SOP • Conventional processing technology D
Slide 21: Processing Innovation
PROCESSING INNOVATION TO IMPROVE KTMS PRODUCTION RELIABILITY • Bench-scale test work of a novel processing method indicates potential to improve: • processing reliability • feed-salt quality • IMPLICATIONS • Simplify processing design • Accelerate production ramp-up • Recycle a portion of the brine
Slide 22: Environment Social Governance
ENVIRONMENT SOCIAL GOVERNANCE Company Purpose: To build natural resource projects communities can be proud of (ESG is in our DNA) Sustainable Environmental First Diversity Safety Production Research Nations (Women) >2,000 LTI free days Solar evaporation FY2022 > $500,000 FY2022 > $300,000 40% Board
Slide 23: The Trigg Investment Case
THE TRIGG INVESTMENT Sulfate of Potash is vital for a sustainable future and global food security CASE Premium price - supported by global uncertainty, supply disruptions, world population and need for increasing yields Project located in the world class mining jurisdiction of Western Australia Pote
Slide 24: Appendix A – Total Mineral Resource Estimate
APPENDIX A – TOTAL MINERAL RESOURCE ESTIMATE Drainable Equivalent Drainable Total Brine Specific SO4 SO4 Mg Mg K K Total Brine Mineral Resource Volume Brine SOP Grade Brine SOP Aquifer Porosity Volume Yield Grade Mass Grade Mass Grade Mass SOP Mass Category (106 m3) Volume (K2SO4) Mass (%) (106 m3)
Slide 25: Level 1, Office E, 1139 Hay Street West Perth, WA 6005 info@trigg.com.au
Level 1, Office E, 1139 Hay Street West Perth, WA 6005 +61 8 6114 5685 info@trigg.com.au www.trigg.com.au T RIG G M INER AL S LIM IT ED
Trigg Minerals — Investor Presentation (February 2023) on 6ix