Pacific Lime And Cement Limited · ASX:PLA
Pacific Lime And Cement — Shareholder Meeting (November 2018)
29 slides from Pacific Lime And Cement's shareholder meeting presentation, Nov 23, 2018
Slide 1: AGM Shareholder Presentation
AGM Shareholder Presentation 23 November 2018 (ASX:MRL) DEVELOPING A DIVERSIFIED RESOURCES & ENERGY PLATFORM IN PAPUA NEW GUINEA
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Mayur Resources Limited ARBN 619 770 277 (“Mayur” or the “Company”). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that co
Slide 3: Contents
Contents 1. CORPORATE SNAPSHOT 2. NATION BUILDING STRATEGY 3. PROJECT PORTFOLIO UPDATE 4. FORWARD PLAN 3
Slide 4: Corporate Snapshot
Corporate Snapshot CAPITAL STRUCTURE SHARE PRICE (Since Listing in Sept 2017 @ A$0.40) Share Price (22 Nov 2018) A$0.70 Shares on Issue 150m Market Cap A$105m Options (unlisted) 13.5m Listed at A$0.40 Cash (30 Sept 2018) A$9.55m Debt A$0.3m Enterprise Value A$91.8m BOARD OF DIRECTORS SHARE REGISTER
Slide 5: Contents
Contents 1. CORPORATE SNAPSHOT 2. NATION BUILDING STRATEGY 3. PROJECT PORTFOLIO UPDATE 4. FORWARD PLAN 5
Slide 6: Nation Building in PNG
Nation Building in PNG EVOLUTION OF A RESOURCES BASED ECONOMY A future trajectory for unlocking PNG’s natural resources wealth….. 90 % OF ALL FUTURE OPPORTUNITIES EXPORTS FROM PNG ARE Ag Lime Quicklime COMMODITY BASED Copper Nickel Coal Gold Ilmenite Power Cement Value / Wealth Iron Limestone Constr
Slide 7: Import Replacement & Vertical Integration Opportunities
Import Replacement & Vertical Integration Opportunities OPPORTUNITIES WITHIN MAYUR’S PORTFOLIO Mayur’s mineral inventory in PNG (in Western, Gulf and Central provinces): • Iron (Titanomagnetite) A FUTURE STATE FOR PNG • Construction Sands • Mineral Sands (zircon + Ilmenite) • Limestone • Coal Madang
Slide 8: Staged Nation Building
Staged Nation Building DEVELOPING A STAGED NATION BUILDING PORTFOLIO PIPELINE Mayur is structured into commodity verticals with downstream businesses to serve both domestic and export markets 8
Slide 9: Contents
Contents 1. CORPORATE SNAPSHOT 2. NATION BUILDING STRATEGY 3. PROJECT PORTFOLIO STATUS 4. FORWARD PLAN 9
Slide 10: A diversified resources and energy platform
A diversified resources and energy platform Developing a diversified and unique resources and energy platform in PNG A unique portfolio of projects under development. Key asset groups: ➢ Industrial Mineral Sands; ➢ Lime & Cement: ➢ Power Generation; ➢ Coal; and ➢ Copper/Gold ▪ Fully focused on PNG G
Slide 11: Project Pipeline
Project Pipeline A pipeline of projects across business divisions INDUSTRIAL SANDS CEMENT + LIME COPPER + GOLD COAL POWER GENERATION PROJECT Basilaki & Depot Creek GENERATION Sideia Feni Coal Project Orokolo Bay Lae EEP Other mineral Project Power sands Project Project Amazon Bay Project Malalaua Ce
Slide 12: Industrial Mineral Sands
INDUSTRIAL MINERAL SANDS Planned Business Division Actual Progress to date (IPO and 2018 Raise) ✓ 250 hole drill programme for bulk sample pit at Orokolo Bay ✓ Design of bulk sample plant at Orokolo Bay ✓ DFS in-fill drilling programmes at Orokolo Bay INDUSTRIAL • Deliver trial production MINERAL SA
Slide 13: Orokolo Bay Project – Industrial Mineral Sands
Orokolo Bay Project – Industrial Mineral Sands A mineralised province with potential to become a significant industrial mineral precinct globally FLAGSHIP PROJECT - OROKOLO BAY PROJECT*: ▪ JORC Resource: ▪ 86 Mt of industrial sand ▪ 173Mt @ 9.2% Fe (block model prioritised on +10% magnetite upgrades
Slide 14: Lime and Cement
LIME AND CEMENT LIMESTONE & CEMENT Planned Business Division Focus: Central Cement & Lime Project(IPO and 2018 Raise) Actual Progress to date ✓ Maiden JORC Resource (382 Mt)* ✓ Gas Supply MOA with Kumul Petroleum ✓ DFS underway (including EPC LIMESTONE & tendering) CEMENT • Deliver JORC (IPO) ✓ Issu
Slide 15: Central Cement and Lime project - PNG
Central Cement and Lime project - PNG Port Moresby Limestone Project – ~25km north of Port Moresby • High grade limestone deposits 25km from Port 1 Moresby, and 7km from the Exxon PNG LNG A Refinery B • 382 Mt Maiden JORC Resource across 2 deposits (Kido and Lea Lea), including 205 Mt Measured Kido a
Slide 16: Central Cement and Lime project - Products and markets
Central Cement and Lime project - PNG Products and markets Quicklime and Cement / Clinker - Domestic Import replacement and regional market penetration opportunities QUICKLIME CLINKER / CEMENT No domestic production – all imported No domestic production – all imported from Japan / China Proximity to
Slide 17: Cement - Sydney import terminal development site, Port Botany
Cement - Sydney import terminal development site, Port Botany Mayur has secured a site at Port Botany (Sydney, Australia) for a potential cement & construction sands import, discharge, storage and distribution facility 1 Preliminary Facility Design Berth Port Botany cement and sand storage site 1 Re
Slide 18: Power Generation
POWER GENERATION Planned Business Division Actual Progress to date (IPO and 2018 Raise) ✓ Continued dialogue with key stakeholders for COAL IN PNG the Enviro Energy Park (EEP) power station project at Lae • Secure Power Purchase ✓ Completed detailed air modelling studies Agreement (PPA) for the demo
Slide 19: Lae Enviro Energy Park (EEP) Project
Lae Enviro Energy Park (EEP) Project CITY OF LAE Massive in city Diesel / HFO MAYUR EEP SITE EEP SITE emissions to be 50 – 200 MW largely eliminated 28 hectares ✓ Detailed PPA submitted to PPL with Coal Delinked from Energy market ✓ Site with PNG Ports – Western Tidal Basin ✓ Environmental approval
Slide 20: Coal
COAL Planned Business Division Actual Progress to date (IPO and 2018 Raise) ✓ Secured Environmental Permit for coal bulk sample at Depot Creek (EL1875) – the first in PNG COAL • Increase coal resources at Depot ✓ Completed successful coal mapping Creek project (IPO) programme FOCUS: • Undertake expa
Slide 21: Coal in PNG
Coal in PNG Tenure covering >200km strike – only 0.6% drilled so far (Depot Creek) PNG’s coal region in Gulf Province, Mayur’s licences and proximity to rivers and coast for access to the seaborne markets (domestic and export) +210Mt regional Exploration Target* N Lae DEPOT CREEK PROJECT Port Moresb
Slide 22: Copper & Gold
COPPER & GOLD Planned Business Division Actual Progress to date (IPO and 2018 Raise) COAL IN PNG ✓ Extended letter agreement with north American developer for Basilaki project ✓ Diamond drill program completed at • Secure JV partner for Feni Basilaki project COPPER & GOLD project (IPO) ✓ Pre mobilis
Slide 23: Copper & Gold in PNG
Copper & Gold in PNG Regional setting in the Pacific Ring of Fire OK Tedi Frieda River RAMBUTYO Simberi Lihir Kainantu FENI North 2.4Mt Cu, 13Mt Cu, (EL Application) 5MOz Au 65MOz Au 3MOz Au significant historical expenditure and 10MOz Au 20MOz Au drilling identified ‘peripheral JORC cap’ (0.65MOz A
Slide 24: Copper & Gold in PNG - Feni Island project
Copper & Gold in PNG Feni Island project – drilling porphyry copper potential 3 large mineralising systems:- Company believes thus far only the periphery ‘halo’ style 1. Kabang (Feldspar porphyry) mineralisation has been drilled at Feni – 6 hole programme has been proposed to locate the feeder 2. Do
Slide 25: Contents
Contents 1. CORPORATE SNAPSHOT 2. NATION BUILDING STRATEGY 3. PROJECT PORTFOLIO UPDATE 4. FORWARD PLAN 25
Slide 26: Project Matrix
Project Matrix Project Pipeline Matrix – Target Operational Size & Delivery Current State Operations Project Project Particulars Next Milestone FID ‘Phase’ / cashflow Subject to execution of PPA, delivery of a 52.5MW power A POWER GENERATION – LAE PROJECT DFS complete station in Lae to generate Lae
Slide 27: PNG Government support
PNG Government support Mayur’s strategy is aligned with the PNG government's ‘Nation Building Agenda’ Mayur’s business activities have strong support across all levels of Government including the Prime Minister Mr Peter O’Neill. Mayur has strong support from both the Gulf Provincial Governor (Hon Ch
Slide 28: Competent Persons Statement
COMPETENT PERSONS STATEMENT Statements contained in this presentation relating to Mineral Resource estimates for the Central Cement and Lime Project are based on, and fairly represents, information and supporting documentation prepared by Mr. Rod Huntley, who is a member of the Australian Institute
Slide 29: Thank You
MayurResources THANK YOU
Pacific Lime And Cement — Shareholder Meeting (November 2018) on 6ix