Minbos Resources Limited · ASX:MNB

Minbos Resources — Africa Down Under 2012

23 slides from Minbos Resources's conference presentation, August 2012

  1. Slide 1: West African Focussed Phosphate Developer: Preparing for Production

    West African Focussed Phosphate Developer “Preparing for Production”

  2. Slide 2: Disclaimer

    Disclaimer Minbos Resources Limited (“Minbos”) has prepared this presentation (the “Presentation”) solely for the benefit of the Recipient. This Presentation is provided solely for the purpose of assisting the Recipient in its evaluation of Minbos and its phosphate development project. The Presentat

  3. Slide 3: Highlights

    Highlights  Minbos is a company focussed on developing Phosphate and Potash projects in the highly prospective Congo Basin  Exploration Licenses held in Angola and the Western DRC – Minbos is the largest holder of Phosphate exploration ground in the Congo Basin  Two development projects, both hig

  4. Slide 4: Map of the Congo Basin

    — Se ; Minbos Map of the Congo Basin Reseed

  5. Slide 5: The Phosphate Market

    The Phosphate Market  Demand for fertilizer:  Rising world population  Changing diets as incomes grow  Constraints on arable land  Government policies to enhance crop yields + encourage use of biofuels “Global phosphate consumption is forecast to grow by 45% by 2030”

  6. Slide 6: Supply being influenced by

     Supply being influenced by:  High Capex and Opex – mainly due to logistics  Lower grade ore and concentrates  Shift in market towards vertically integrated operations “7.5% decrease in average grade of P2O5 concentrate supplied (1990-2011)”

  7. Slide 7: Angola

    Angola  Fastest growing economy in Africa  Between 2001 – 2010, Angola had the world’s highest annual average GDP growth @ 11.1%  Africa’s number 1 oil producer and 3rd largest producer of Diamonds  China’s largest oil supplier  Well developed infrastructure  Resources friendly environment

  8. Slide 8: DRC

    DRC  2nd largest country by area in Africa  World’s largest produce of cobalt ore  One of Africa’s largest mining countries  Has vast resources of copper, cobalt and diamonds  The Copperbelt is one of the world’s greatest metallogenic provinces, containing over 30% of the world’s cobalt reserve

  9. Slide 9: Minbos Projects

    ———— Sa ; ; Minbos Minbos Projects Reseed LEGEND Il Potash Concession

  10. Slide 10: Our Projects

    Our Projects Significant concession area 4000 km2 in the Congo Basin running from Cabinda, Angola to Western DRC.  Cabinda Phosphate (50% interest)  Cacata, Mongo Tando, Chibuete, Chivovo and Ueca deposits with historical and current exploration data.  Western DRC Phosphate (65% interest)  Kanzi

  11. Slide 11: Phosphate Projects JORC Resources

    Phosphate Projects JORC Resources Tonnes Grade Indicated of Deposit Inferred Comments (Mt) (% P2O5) Cabinda, Angola Cacata 30.4 17.0 Indicated Including 22.5Mt at 21.4% P2O5 Chivovo 6.7 20.3 Inferred Mongo Tando 117.0 13.7 Inferred Chibuete 150.0 8.3 Inferred Total 304.1 11.5 Kanzi, DRC Kanzi 66.0 1

  12. Slide 12: Cacata Project: On the Fast Track to Production

    Cacata Project: On the Fast Track to Production CACATA

  13. Slide 13: Cacata Project

    Cacata Project  Project Status: Commencing Bankable Feasibility Study – High grade resources defined, scoping study confirms robust project economics  JORC Resource: 30.4Mt total @ 17.0 % P2O5 including 22.5Mt @ 21.4% P2O5  Mining: Free Dig, no drill and blast @ strip ratio of 2: 1.  Beneficiati

  14. Slide 14: Cacata Project - Financials

    Cacata Project - Financials Project Financials (800ktpa)  Revenue US $180/t (excludes 12% premium as quoted by CRU Strategies)  Opex $57/t  Capex US $157m  NPV $311m (@ 10% discount)  IRR 40.2% (pre-tax)

  15. Slide 15: Cabinda Phosphate Cacata Project Capex

    Cabinda Phosphate Cacata Project Capex Description Cost US$m Mining US$9.5 Processing Plant US$54.8 TSF US$6.8 Product Storage & Transport US$22.5 (Land) Product Storage & Loading US$57.5 (Sea) Owners Costs US$6.0 Total US$157.1

  16. Slide 16: Cabinda Phosphate Cacata Project Opex

    Cabinda Phosphate Cacata Project Opex Description Cost US$/t Mining US$5.72 Processing Plant US$25.12 TSF US$0.50 Product Transport (Land) US$13.63 Product Loading (Sea) US$3.25 General Administration US$9.00 Total US$57.22

  17. Slide 17: Kanzi Project, Western DRC

    Kanzi Project, Western DRC FUNDU NZOBE KANZI

  18. Slide 18: Kanzi Project

    Kanzi Project  Project Status: Infill drilling and BFS to commence August 2012, metallurgical testwork underway  JORC Resource: 66Mt total @ 15.3 % P2O5 including 44Mt @ 21.4 % P2O5.  Mining: Free Dig, no drill and blast strip ratio 4:1 .  Beneficiation: Upgrades to +34% P2O5 (Phos rock) @ 60 -

  19. Slide 19: Infrastructure

    Infrastructure Regional Roads Port of Boma Port of Boma Power Station Cabinda Power Station Cabinda

  20. Slide 20: Corporate Overview

    Corporate Overview Minbos – Price & Volumes Capital Structure Closing Price (A$) 0.600 1.60 Million Shares ASX Ticker MNB Daily Volume Traded On-Market Daily Close Price 1.40 0.500 Total Shares 113.27m 1.20 0.400 Performance Shares 10m 1.00 Unlisted Options 14.6m 0.300 0.80 0.60 Share Price (28 Augu

  21. Slide 21: Board and Management

    Board and Management Peter Richards Executive Chairman  Peter has over 30 years of business and international experience with global companies including BP plc, Wesfarmers Ltd and Dyno Nobel Limited.  He recently retired as CEO of Dyno Nobel following its successful takeover. Robert McCrae Chief E

  22. Slide 22: Compelling Investment Proposition

    Compelling Investment Proposition  Multiple projects with clear near-term development path  Well located with established infrastructure in place  Low OPEX, high grade resources resulting in excellent economics when compared to other projects globally  Experienced and credible board and manageme

  23. Slide 23: Thank You!

    zo Minbos Resources THANK YOU !

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