Parkway Corporate Limited · ASX:PWN
Parkway Corporate — Potash West NL — Investor Presentation (October 2012)
18 slides from Parkway Corporate's investor presentation, Oct 16, 2012
Slide 1: Developing a World Class Product from a World Class Asset
Disclaimer Disclaimer 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 securities. N
Slide 2: Disclaimer
Disclaimer 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 securities. No agreement
Slide 3: Company Snapshot
Company Snapshot Snapshot Capital Structure ASX Code: PWN Elsinore Energy 15% 12.5m Share Price: (As at 12 Oct 2012) AU$0.28 Contingent Entitlement 18% 15m Market Cap: AU$23m Shares Shares on Issue: 84m Other shares 67% 56.4m 12 Month range: AU$0.15 – TOTAL 100% 83.9m 0.35 % Escrowed, till May ‘13 3
Slide 4: Investment Case
Investment Case • Potash West is creating an opportunity in the global fertiliser industry, by: • Making potash from one of the worlds largest glauconite deposits Sulphate Chloride Greensand Glauconite Potash products 4
Slide 5: Fertiliser Business
Fertiliser Business • Three elements are needed in 10s and 100s of kg per hectare: • N, Nitrogen • P, Phosphorous • K, Potassium • Not interchangeable ACN 147 346 334 Image (Above): Effect on wheat crops • Different crops = different ratios • Fertiliser blenders mix products for Image (Below): Effec
Slide 6: Potash Usage Rates
Potash Usage Rates Kg KCl per hectare Bananas Sugar Cane Tomatoes ACN 147 346 334 Oil Palm Corn Wheat Rice Soybeans 0 500 1000 1500 2000 2500 3000 Image (Above): Effect of K on rice 6
Slide 7: Population Dynamics
Population Dynamics 10 0.45 Population (Billions) LHS 9 0.4 Arable Land per person (hectares) RHS 8 0.35 7 0.3 6 0.25 5 0.2 4 0.15 3 2 0.1 1 0.05 0 0 1960 1970 1980 1990 2000 2010 2020 F 2030 F 2040 F 2050 F 7
Slide 8: Potash Market
Potash Market Price of Potash US$/t, FOB Vancouver 1000 900 800 700 600 500 400 300 200 100 0 8
Slide 9: Market Opportunities
Market Opportunities • 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 infrastructure • Establi
Slide 10: Project Location
Project Location • +2900 km2 of prospective area • ~150km of strike • ~+20km width • Many intersections +20m • Great infrastructure • Close to local markets • Close to rail and export ports 10
Slide 11: Aggressive Work Programme
Aggressive Aggressive Work Work Programme Programme • IPO Results to date • Resource targets identified (ten). • Stratigraphic drilling • Drilling now in progress. • Leaching, separation and precipitation • Commence process testwork carried out. • Resource targets identified • KCl and K2SO4 produced
Slide 12: Results to Date, Drilling
Results to Date, Drilling • Target areas identified from stratigraphic drilling, throughout Dandaragan Trough • Most areas fit geological model, shown below • Initial JORC resource of 122 Mt @ 4.6%K2O announced, 11 October 2012 12
Slide 13: Dinner Hill
Dinner Hill • Total Resource 244 Mt @ 3.0%K2O (11 October 2012) • Including 122 Mt @ 4.6%K2O Within less than 20% of Dinner Hill target area 13
Slide 14: Flow Sheet
Flow Sheet Chemical Greensands ore Glauconite Concentrate plant Bulldozer mining, pumping Primary Leaching Crystallisation Primary Upgrade Plant Co-Product Co-Product Separation Recovery Leach residue Aluminium, Potash Iron & product Phosphate Tails back Co-products to pit 14
Slide 15: Medium Term Plan
Medium Aggressive termWork PlanProgramme ACTIVITY COMPLETION Scoping study results Dec 2012 Bankable feasible study Dec 2013 Financing June 2014 Construction Dec 2015 Commissioning Early 2016 250,000 tpa Potash production Mid 2016 15
Slide 16: Value Proposition, Potash Explorers
Value Proposition, Potash Explorers Company Projects Location Status Market Cap Western Potash (TSX: WPX) 2 MOP Canada 1 Expl C$73M 1 Resource Athabasca Potash (TSX: API) MOP Canada Takeover by BHP, C$341M 2009 Sirius Minerals (AIM: SXX) 3 MOP UK, Australia, USA Resource 1 MOP/SOP 1.35 Bt@ 25.6 % K2
Slide 17: Investment Highlights
Investment Highlights • Exposure to the booming potash business • Tight capital structure • The company has a skilled & experienced management team • High extraction possible with simple extraction technology • technical programme well advanced • Techniques applicable to other deposits, • valuable I
Slide 18: Questions?
Questions? 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 Patrick McManus Belmont WA 6984 Managing Director Mobile +61 (0) 408 956 798 Phone +61 (0) 8 9479 5386 patrick.mcmanus@potashwest.com.au Fax +61 (0) 8
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