Minbos Resources Limited · ASX:MNB
Minbos Resources — Investor Presentation (February 2021)
22 slides from Minbos Resources's investor presentation, February 2021
Slide 1: Investor Brief: Impact Returns
INVESTOR BRIEF IMPACT RETURNS FEBRUARY 2021
Slide 2: Scoping Study Disclaimer
SCOPING STUDY DISCLAIMER The Scoping Study referred to in this announcement is a preliminary technical and economic investigation of the potential viability of developing the Cabinda Phosphate Project by constructing an open-pit mine and granulation plant to produce Enhanced Phosphate Rock to supply
Slide 3: Impact Investment
IMPACT INVESTMENT UNTAPPED AGRI-POTENTIAL DE-RISKED THROUGH AUSTRALIAN MINING FUNDAMENTALS LOW CAPEX AND LONG PROJECT LIFE Pre-production capital less than $US30M and enough natural phosphate rock for more than 20 years ESG APPEAL Minbos adopts strong reporting framework with global COMPELLING STUDY
Slide 4: Company: Current Capital Structure
COMPANY ASX:MNB CURRENT CAPITAL STRUCTURE Shares on Issue 369m Share Price 10.0cps Market Cap A$37m Dec 31 Cash A$1.7m TOP SHAREHOLDERS % Green Innovations 30.5 Peter Wall (Chairman) 3.9 Dave Reeves (Founder) 3.5 Lindsay Reed (CEO) 2.4 Sunset Capital 2.2 Brijohn Nominees Pty Ltd 1.9 S3 Consortium 1.
Slide 5: Capital Structure and Use of Funds
CAPITAL STRUCTURE AND USE OF FUNDS • Placement to raise approximately $6.0 million via the issue of 75 million new fully paid ordinary shares. Minbos and the Lead Manager reserve the right to accept oversubscriptions of up to an additional $1.3 million. • $4.4 million will be raised via the issue of
Slide 6: Impact Footprint: Angola & Middle Africa Unfertilized Potential
IMPACT - FOOTPRINT ANGOLA & MIDDLE AFRICA UNFERTILIZED POTENTIAL +170M 226M ha 3kg per ha population of arable land nutrients use GROW TO EAT Small farmers with less than 10 hectares GROW TO SELL Existing and commercial farm sector GROW TO EXPORT Mega farms on infrastructure corridors ASX:MNB ASX:MN
Slide 7: Project Returns: Scoping Study Results
PROJECT RETURNS SCOPING STUDY RESULTS Asset Overview Project Cabinda Phosphate Project Ownership Minbos 85%, Local Partner 15% carried. Location Cabinda Province, Angola 3 Commodity Enhanced Phosphate Rock (EPR) Infrastructure Gas, Power, Roads and Regional Port Mining Target (M&I) 6.5Mt @ 30.2% P2O
Slide 8: Enhanced Phosphate Rock
ENHANCED PHOSPHATE ROCK OUR ENTRY TICKET TO THE MARKET ENHANCED CABINDA Fit for Purpose EPR works in P-deficient acid soils, PHOSPHATE ROCK legume and cereal crops, high rainfall climates. 85% local phosphate rock/15% water soluble phosphate blend Tender Mandate to alleviate poverty for millions of
Slide 9: Definitive Feasibility
DEFINITIVE FEASIBILITY SIMPLE SCOPE Granulation plant process design by IFDC, equipment supply by FEECO, engineering by DRA. Contract Mining and Road Transport based on mine plan and Reserves prepared by Orelogy. Approvals process in Angola was streamlined last year. Grupo Simples and HCV Africa eng
Slide 10: Definitive Feasibility Budget (US$)
DEFINITIVE FEASIBILITY BUDGET (US$) TWENTY PERCENT COMPLETE (by expenditure) ITEM ACTUAL TO DATE REMAINING TOTAL Resource & Mining $50k $150k $200k Metallurgy & Processing $230k $540k $770k Infrastructure & Logistics $10k $100k $110k Industry Analysis and Marketing $90k $190k $280k Permitting and Ap
Slide 11: Project Schedule
PROJECT SCHEDULE SIMPLE Q1 - CY21 Q2 - CY21 Q3 -CY21 Q4 -CY21 Q1 -CY22 Q2 - CY22 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN CORPORATE Investment Contract DFS Capital Raising Construction Raising TECHNICAL Mining Reserves Granulation Design Updated DFS Long Lead Items COMMERC
Slide 12: Target Markets
TARGET MARKETS GROW TO EAT •4 million small farmers •IFDC Program ENHANCED GROW TO SELL PHOSPHATE •NPK product offering ROCK •Blending plant(s) GROW TO EXPORT •Un-utilised high rainfall land •Existing roads, rail and ports ASX:MNB | 12
Slide 13: IFDC to Drive Fertilizer Consumption
IFDC TO DRIVE FERTILIZER CONSUMPTION MOU TO DEVELOP THE ANGOLAN MARKET • IFDC recently completed an agricultural productivity program in Burundi where fertilizer usage grew from 10,000tpa -> 50,000tpa • The program increased agricultural productivity and raised income for 865,666 farming households
Slide 14: The Phosphate Market Is Ripping
THE PHOSPHATE MARKET IS RIPPING…. December 2019 DAP fob Tampa at US$248 per tonne as Minbos submitted its winning tender for the Cabinda Phosphate Project. FEB 21 August 2020 The price increased to US$328 per tonne as Minbos published the Scoping Study for the Cabinda Phosphate Project. February 202
Slide 15: Scoping Study Sensitivity
SCOPING STUDY SENSITIVITY “The project is not sensitive to initial CAPEX because it is very low relative to the project value. The project CABINDA PHOSPHATE PROJECT is not sensitive to controllable OPEX (mining and PRE-TAX NPV SENSITIVITY ANALYSIS granulation cost) because these items make up a rela
Slide 16: Impact Focus: Board & Management
IMPACT FOCUS BOARD & MANAGEMENT PETER WALL NON-EXECUTIVE CHAIRMAN DAGNIT BALDER NON-EXECUTIVE DIRECTOR Mr Wall is a corporate lawyer and has been a Partner at Steinepreis Paganin (Perth Ms Dganit Baldar is a qualified Israeli corporate lawyer with approximately based corporate law firm) since July 2
Slide 17: World-Class Project Team
WORLD-CLASS PROJECT TEAM DFS CONSULTANTS AND IN-HOUSE TEAM REBECCA MORGAN - MANAGER RAW MATERIALS STEVE ABBOTT – DFS MANAGER Qualified in geology and mining industry including exploration, Mining executive with more than 25 years’ experience in senior operations and consulting. She has experience in
Slide 18: ESG Framework and Reporting
ESG FRAMEWORK AND REPORTING IMPACT CORPORATE GOVERNANCE FOR THE CABINDA PROJECT ESG RISK MINBOS ESG FRAMEWORK climate impact, nature loss, and social unrest The Board has resolved to adopt the around inclusion and working conditions. World Economic Forum ESG framework. REPORTING IMPACT INVESTMENT Im
Slide 19: Socialsuite ESG Report
SOCIALSUITE ESG REPORT ASX:MNB | 19 ASX:MNB | 19
Slide 20: Quote from CEO Lindsay Reed
“THE BEST WAY TO MAKE A DIFFERENCE IS TO HELP SOMEONE ELSE MAKE A LIVING.” LINDSAY REED CEO MINBOS RESOURCES LTD ASX:MNB ASX:MNB ||10 20
Slide 21: Competent Person's Statement
COMPETENT PERSON’S STATEMENT The Competent Person with responsibility for the total Mineral Resources of this report is Mrs Kathleen Body, Pr. Sci. Nat, who is an employee of Red Bush Analytics. Mrs Body was a full time employee of Coffey Mining at the time the original Mineral Resource estimation w
Slide 22: Key Risks
Note: Please refer to the Company’s Scoping Study announcement released on ASX on 26 August 2020 Key Risks for further details on the risks and other factors that may affect the outcomes for the Company’s Phosphate Project in Angola COMPANY SPECIFIC Coronavirus (COVID-19): The outbreak of the corona
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