Keras Resources Plc · LSE:KRS

Keras Resources — Investor Presentation (September 2022)

16 slides from Keras Resources's investor presentation, Sep 13, 2022

  1. Slide 1: Mining an Essential Resource Supporting Sustainable Agriculture

    MINING AN ESSENTIAL RESOURCE SUPPORTING SUSTAINABLE SEPTEMBER 2022 INVESTOR PRESENTATION AGRICULTURE 1

  2. Slide 2: Investment Summary

    INVESTMENT SUMMARY PROVIDES INVESTORS EXPOSURE TO THE FAST-GROWING ORGANIC FERTILISER MARKETS 100% owned, Integrated Premium Rapid rise in Establishing a Compelling fully funded, mine to organically synthetic foothold in growth strategy cash flow market certified DSO fertilizer pricing carbon credit

  3. Slide 3: Board of Directors

    BOARD OF DIRECTORS PROVEN TRACK RECORD OF DEVELOPING MINING PROJECTS TO PROFITABLE PRODUCTION Graham Stacey Brian Moritz Claire Parry Russell Lamming CEO Non-Exec Director & Independent Non- Non-Exec Chairman Company Secretary Exec Director • Geologist with wide • Mining Engineer with • Chartered Ac

  4. Slide 4: Diamond Creek Mine: Ideal Location, Strong Technicals

    DIAMOND CREEK MINE IDEAL LOCATION, STRONG TECHNICALS  Tabular orebody with mapped geological continuity with access from the south in place, approximately 3m in thickness  Historical production of ~17,000t during 1950s with quality data  The most recent estimate during the 1980s quotes ~5mt of ‘s

  5. Slide 5: Diamond Creek Mine: 2020 Investment Decision & Mine Development

    DIAMOND CREEK MINE 2020 INVESTMENT DECISION & MINE DEVELOPMENT  USD2.5m investment during 2020 to earn 51% shareholding  Small-scale Mining Permit secured  Access & haul road upgrades  Contractor appointed to mine, load & haul, crush & mill  Mining commenced July 2020 Investor presentation / Se

  6. Slide 6: Diamond Creek Mine: Mining the Meade Peak Orebody

    DIAMOND CREEK MINE MINING THE MEADE PEAK OREBODY  Orebody exposed for 2022 and 2023 seasons, 5-year mining horizon based on historical data, medium-term drilling planned during 2022 & 2023 to support a 10yr opencast plan & formalized Ore Reserve Investor presentation / September 2022 6

  7. Slide 7: Diamond Creek Mine: 2020 Mine Commissioning

    DIAMOND CREEK MINE 2020 MINE COMMISSIONING  7,000t mined during 2020, initial milling planned around 100# product  Fillmore milling constraints, markets established for both 10# (2mm) and 50# (-300micron) products  10tph milling plant procured with the ability to produce finer 100# and 350# produ

  8. Slide 8: Processing Plant: Spanish Fork Milling Plant

    PROCESSING PLANT SPANISH FORK MILLING PLANT  Suitable building secured in Spanish Fork 20 miles from Diamond Creek  Construction commenced Q1 2021, commissioned June/July 2021  Jaw crusher, 10tph rotary high- pressure rolls mill  1t Bag (tote) & 50lb bagging equipment, ultra fines recovery circu

  9. Slide 9: From Mine to Market

    FROM MINE TO MARKET CURRENT OPERATIONS  100% Keras owned  Summer season mining and primary ROM crushing at Diamond Creek, load & haul to Pleasant Grove  Mill, screen to produce 10# and 50#, package and dispatch from Pleasant Grove  Milling of existing & current arising 50# stockpile at Spanish F

  10. Slide 10: Tailoring Sales to Market

    TAILORING SALES TO MARKET PHOSAGRI PRODUCT MIX – NOT ALL PHOSPHATE CREATED EQUAL  Quality broadly similar - guaranteed:  >23% total P2O5  >12% available P2O5  >25% Calcium  Trace levels of critical heavy metals As, Se, Cd, Pb, Hg <25ppm  Certified organic – WSDA, CDFA, OMRI  10 # & 50# consti

  11. Slide 11: Organic Fertiliser Market

    ORGANIC FERTILISER MARKET A BUOYANT MARKET WITH ROBUST LONG-TERM FUNDAMENTALS North American organic fertilizer market (ktpa)  North American organic fertiliser industry consumed ~5Mt 10,000 2,000 during 2021 1,600 '000tpa 5,000 1,200 800 400  Phosphate fertilisers make up 22% of the total organic

  12. Slide 12: Outlook for Product Pricing

    OUTLOOK FOR PRODUCT PRICING US SYNTHETIC FERTILIZER PRICING – TAILWINDS FOR THE SECTOR AS A WHOLE US Synthetic fertilizer price history (USD/t) 1,200  60% Price growth YoY for all synthetic NPK fertilizers is a useful proxy for 1,000 pricing in the organic space  Growth in demand for organic foods

  13. Slide 13: Diamond Creek: Planning to June 2023

    DIAMOND CREEK PLANNING TO JUNE 2023  Concentrate crushing, milling, packaging & sales operations at Spanish Fork: production rhythm with product mix flexibility from a single facility  Ongoing value engineering to rationalize costs and create economies of scale – grid power; permanent front-end cr

  14. Slide 14: Ensuring a Sustainable Legacy

    ENSURING A SUSTAINABLE LEGACY LEVERAGING OUR LOW CARBON FOOTPRINT – AUGMENTING OUR TRADITIONAL REVENUE MODEL  Organic fertilizers’ lower carbon footprint relative to synthetics presents an opportunity to generate carbon credits  Agricultural soils are among the planet's largest reservoirs of carbo

  15. Slide 15: Looking Forward

    LOOKING FORWARD DELIVERING SUSTAINABLE GROWTH AND RETURNS FOR ALL STAKEHOLDERS Optimise Build market Focus on net Diamond share US fertiliser zero carbon Responsibly Creek emissions market minded  Maximise  Focus marketing value creation efforts on our >12%  Improve soil health operational run ra

  16. Slide 16: Keras Resources Plc

    KERAS RESOURCES PLC Coveham House Media & Investor queries: Downside Bridge Road Felicity Winkles Cobham KT11 3EP Celicourt Communications keras@celicourt.uk General Queries: Phone: +44 (0)20 8434 2643 Annabel@kerasplc.com Mobile: +44 (0)7748 843 871 16

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