Parkway Corporate Limited · ASX:PWN
Parkway Corporate — Potash West NL — Shareholder Meeting (November 2011)
19 slides from Parkway Corporate's shareholder meeting presentation, Nov 30, 2011
Slide 1: Potash Presentation at Annual General Meeting
Disclaimer Disclaimer For personal use only This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect
Slide 2: Disclaimer
Disclaimer For personal use only This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those se
Slide 3: Investment Highlights
Investment Highlights For personal use only • Exposure to the booming potash business • Potash West dominates tenure in one of the world’s world s largest known glauconite deposits • Significant resource potential • Ready R d market k t on d doorstep t • Glauconite deposits are recognized as a poten
Slide 4: Fertiliser Business
Fertiliser Business For personal use only •Three elements are needed in 10’s and 100’s 100 s of Kg per hectare: • N, Nitrogen • P, Phosphorous • K, Potassium •Not interchangeable ACN 147 346 334 •Different Crops different ratios of each •Fertiliser blenders mix products for Effect on corn crops regi
Slide 5: Population Dynamics
Population Dynamics For personal use only 10 Population (Billions) LHS 0.45 9 Arable Land per person (hectares) RHS 0.4 8 0.35 7 0.3 6 Population, B Arable Laand 0 25 0.25 5 ACN 147 346 334 0.2 4 0.15 3 2 0.1 1 0.05 0 0 1960 1970 1980 1990 2000 2010 2020 F 2030 F 2040 F 2050 F Effect of K on corn
Slide 6: Potash Usage Rates
Potash Usage Rates For personal use only Kg KCl per hectare Bananas Sugar Cane ACN 147 346 334 Tomatoes Oil Palm Corn Wheat Effect of K on rice Rice Soybeans 0 500 1000 1500 2000 2500 3000
Slide 7: Potash Marketplace
Potash PotashMarketplace Marketplace For personal use only • Demand Growth driven by China and India • Both B th countries t i +8% 8% CAGR over 15 years tto 2008 • Now ~ 50% of traded potash is China/India • Traded Potash $20 billion pa GFC ? • Supply dominated by Canada, Russia and Belarus (+65%) •
Slide 8: Potash Market
Potash Market For personal use only ACN 147 346 334
Slide 9: Price of Potash, US$/t, FOB Vancouver
Price of Potash, US$/t, FOB Vancouver For personal use only 1000 900 800 700 600 500 400 300 200 100 0 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Source: Potashcorp Sept 2011
Slide 10: The Board
The The Board Board For personal use only Adrian Griffin – Chairman • Mine production and corporate management, • Ex CEO Dwyka Minerals, founding director of Washington Resources, Ferrum Crescent and Northern Minerals, MD Midwinter Resources Patrick McManus– Managing Director • Industrial minerals s
Slide 11: Aggressive Work Programme
Aggressive Aggressive Work Work Programme Programme For personal use only Infill resource Resource drilling drilling starts Resource defined, Scoping Study process Completed Stratigraphic route drilling identified commences Process testwork commences, mapping for target areas ASX Listing March ‘11 J
Slide 12: Project Location
Project Location For personal use only • +2900 km2 of p prospective p area • Great infrastructure • Close to local markets • Close Cl to railil and d export ports
Slide 13: Geology
Geology For personal use only • Controlling position in one of the largest g g glauconite deposits p known • Limited previous drilling indicates glauconite continuous for more than 150km strike strike, with width of over 15km and thickness likely to be +20m resource will be significant, g on world s
Slide 14: Results to date
Results to date For personal use only • Mapping completed, drilling commences November • Bulk Samples taken • Leaching testwork commenced, good dissolution evident 100.0 • 90.0 80.0 Exttraction (%) 00 70.0 60.0 K, % extraction against time 50.0 40.0 30.0 20.0 10.0 0.0 0.0 2.0 4.0 6.0 8.0 10.0 12.0 1
Slide 15: Market Opportunities
Market Opportunities For personal use only • Australia consumes ~ half a million tpa Potash, all imported • WA and QLD 40% each. WA prefers K2SO4(price premium) • There is no potash production in Australia, • Project located within Australia’s largest potash consuming area • Established domestic inf
Slide 16: Value Proposition, Potash Explorers
Value Proposition, Potash Explorers For personal use only Company Projects Location Status Market Cap (Nov 11) Western Potash (TSX: WPX) 2 MOP Canada 1 Expl $C186M 1 Resource Potash One (TSX: KCl) MOP Canada PFS completed C$355M Takeover from K & S Allana Potash (TSX V: AAA) MOP Ethiopia Resource C$
Slide 17: Capital Structure
Capital Structure For personal use only CAPITAL STRUCTURE Category % issued cap Number of shares New capital (IPO) 40.2 30,312,500 Contingent Entitlement Shares 19.9 15,000,000 Image shareholders 16.6 12,500,000 Elsinore Energy 16.6 12,500,000 Existing shareholders 6.6 6 6 5,000,000 5 000 000 100.0
Slide 18: Investment Highlights
Investment Highlights For personal use only • Exposure to the booming potash business • Tight capital structure • The company has a skilled & experienced management team • Hi High h extraction t ti possibleibl with ith simple i l extraction t ti ttechnology h l • technical programme commenced • Tech
Slide 19: Thank you - Questions
Thank you For personal use only Q Questions i Adrian Griffin Unit 3 Chairman 23 Belgravia Street Mobile +61 (0) 418 927 658 Belmont WA 6104 adrian.griffin@potashwest.com.au PO Box 588 Belmont WA 6984 Patrick McManus Managing Director Phone +61 (0) 8 9479 5386 M bil +61 Mobile 61 (0) 408 956 798 Fax