Parkway Corporate Limited · ASX:PWN
Parkway Corporate — Potash West NL — AMEC Conference 2013
18 slides from Parkway Corporate's conference presentation, Sep 4, 2013
Slide 1: Disclaimer - Presentation to AMEC Conference 4th September 2013
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: Company Snapshot
Company Snapshot For personal use only ASX Code: PWN Substantial holder: 19% 17.4m Elsinore Energy ADR OTC-QX Code: PWNNY Share Price: (As at 30 August 2013) AU$0.15 Market Cap: AU$14m Options, 28c to 60c 11.6m Shares on Issue: 92m 12 Month range: AU$0.12 – 0.35 Experienced Board and Management Team
Slide 4: Investment Case
Investment Case For personal use only • Potash West is creating an opportunity in the global fertiliser industry, by: • Making fertiliser products from one of the worlds largest glauconite deposits Greensand Glauconite Potash and other products 4
Slide 5: Fertiliser Business
Fertiliser Business For personal use only • 3 Fertiliser Bulk commodities • N, Nitrogen • P, Phosphorous • K, Potassium • Not interchangeable • Different crops = different ratios ACN 147 346 334 Image (Above): Effect on wheat crops • Fertiliser blenders mix products for region, from bulk raw materia
Slide 6: Population Dynamics
Population Dynamics For personal use only 10 0.45 Population (Billions) LHS 9 0.4 Arable Land per person (hectares) RHS 8 0.35 7 0.3 6 0.25 5 0.2 4 0.15 3 2 0.1 1 0.05 0 0 1960 1970 1980 1990 2000 2010 2020 F 2030 F 2040 F 2050 F 6
Slide 7: Potash Usage Rates
Potash Usage Rates For personal use only Kg KCl per hectare per year Bananas Sugar Cane ACN 147 346 334 Tomatoes Oil Palm Corn Wheat Rice Soybeans 0 500 1000 1500 2000 2500 3000 Image (Above): Effect of K on rice 7
Slide 8: Potash Market
Potash Market For personal use only Price of Potash 1000 900 KCl US$/t, FOB Vancouver 800 700 600 500 400 300 200 100 0 8
Slide 9: Project Location
Project Location For personal use only • + 2700 km2 of prospective area • ~150km of strike • ~+20km width • Many intersections +20m • Great infrastructure • Close to local markets • Close to rail and export ports 9
Slide 10: Aggressive Work Programme
Aggressive Aggressive Work Work Programme Programme 100% For personal use only 90% • IPO 80% 70% Extraction (%) K, % extraction against time • Stratigraphic drilling 60% 50% • process testwork 40% 30% • Resource targets identified 20% 10% • Flowsheet identified 0% 0 2 4 6 8 10 12 14 16 18
Slide 11: Dinner Hill Resource
Dinner Hill Resource • Total Resource 244 Mt @ 3.0%K2O (October 2012) For personal use only • Including 122 Mt @ 4.6%K2O Within less than 20% of Dinner Hill target area • Exploration target of 1 to 1.5Bt Dinner Hill • Phosphate resource (JORC indicated), of 58 Mt @ 3.0%P2O5 announced August 2013 11
Slide 12: Flow Sheet
Flow Sheet For personal use only Chemical Greensands ore Glauconite plant Concentrate Bulldozer mining, pumping Primary Leaching Crystallisation Primary Upgrade Plant Co-Product Co-Product Separation Recovery Leach residue Aluminium, Potash Iron & Products, Phosphate Tails back SOP & KMS Co-products
Slide 13: Scoping Study Parameters
Scoping Study Parameters For personal use only • Mining Rate 2.4 Mtpa • Suite of products: • 85,000 tpa Sulphate of Potash, SOP • 195,000 tpa high Magnesium SOP, KMS • 220,000 tpa Iron oxide • 900,000 tpa Aluminium Sulphate • 310,000 tpa phosphate • SOP and Phosphate consumed locally • Balance expor
Slide 14: Scoping Study Results
Scoping Study Results For personal use only Throughput 2.4 mtpa NPV10 $m 808 Capital Costs, $m 650 Opex, $/tonne of feed 55 Revenue, $/tonne of feed 150 Aluminium 40%, Potash 30%, Phosphate 25%, Iron 5% IRR % 21.0 Mine Life +60 years 14
Slide 15: Medium Term Work Plan
Medium Aggressive termWork PlanProgramme For personal use only ACTIVITY COMPLETION Scoping study results Dec 2012 Phosphate Study Q3 2013 Pilot Plant Q2 2014 Pre Feasibility Study Q4 2014 Feasibility Study Q4 2015 Construction Q4 2017 Full Scale production Mid 2018 15
Slide 16: Value Proposition, Potash Explorers
Value Proposition, Potash Explorers For personal use only Company Projects Location Status Market Cap Western Potash (TSX: WPX) 2 MOP Canada 1 Expl C$94M 1 Resource Sirius Minerals (AIM: SXX) 3 MOP 1 MOP/SOP UK, Australia, USA Resource 1.35 Bt@ 25.6 % K2SO4 ₤175M Verde Potash (TSX V: NPK) Green Slat
Slide 17: Investment Highlights
Investment Highlights For personal use only • Exposure to the booming fertiliser business • Tight capital structure • The company has a skilled & experienced management team • High extraction possible with simple technology • Favourable process economics • Techniques applicable to other deposits, •
Slide 18: Questions?
For personal use only Questions? Patrick McManus Unit 3 Managing Director 23 Belgravia Street Mobile +61 (0) 408 956 798 Belmont WA 6104 patrick.mcmanus@potashwest.com.au PO Box 588 Adrian Griffin Belmont WA 6984 Chairman Mobile +61 (0) 418 927 658 Phone +61 (0) 8 9479 5386 adrian.griffin@potashwest