Minbos Resources Limited · ASX:MNB
Minbos Resources — Investor Presentation (October 2014)
26 slides from Minbos Resources's investor presentation, October 2014
Slide 1: High Value Phosphate Opportunity
HIGH VALUE PHOSPHATE OPPORTUNITY October 2014
Slide 2: All the Key Drivers in Place
All the Key Drivers in Place World Growth • Phosphate demand is underpinned by population growth and Sector driven by food production efficiencies High Margin • Two high value‐in‐use deposits on a 120km trend that is Projects mostly unexplored. Atlantic Market • Large markets in US and Europe, growt
Slide 3: Phosphate Demand Outpaces Population Growth
Phosphate Demand Outpaces Population Growth “Global phosphate consumption is forecast to grow by 45% by 2030” “7.5% decrease in a average P2O5 concentrate grade from 1990‐2011.”
Slide 4: High Value Core Projects and Exploration Upside
High Value Core Projects and Exploration Upside Global Resource Angola 304Mt at 11.5% P2O5 being a mixture of low grade high tonnage and high grade low tonnage. High Grade Trend Chivovo High grade ‐ 24‐25% P2O5 6.5mT @ 20.5% Readily upgraded to >32% by screening Shallow less than 50m Low s
Slide 5: 50:50 Joint Venture
50:50 Joint Venture Tunan Mining Ltd Mongo Tando Mongo Tando BVI Limited BVI Holdings Mongo Tando Ltda Cabinda Licences
Slide 6: Cacata Studies Completed
Cacata Studies Completed World Growth • Tailings • Drilling Sector • Transport High Margin • Geology & & Shipping Projects Mining • Markets Atlantic Market • Testwork Location • Audit • Processing
Slide 7: Cacata Study Scope
Cacata Study Scope Project Parameters Study Resource 10Mt Mining Rate 1.0Mtpa Rock Phosphate Production (32.5% P2O5) 0.8Mtpa Capex (Owner operator basis. 50% Transport & Shipping) $US157m Cash Operating Costs FOB $US54/t FOB Rock Phosphate Price $US112/t Potential Premium up to 12% Cash Margin $76/t
Slide 8: Value Add Opportunities
Value Add Opportunities Outsource Transport and Shipping activities and capital Technical Review Process Engineering Capital and Operating Costs Extend high grade mine life Cabinda License Fiscal Terms and Conditions Commercial Offtake Partners and Export Substitution Project Structure C
Slide 9: Caio Deep Water Port - Cabinda
Caio Deep Water Port - Cabinda “Caioporto S.A., has been Caio Port Location in Cabinda 70km by road from Cacata awarded the concession to 12.5m depth ideally suited to phosphate vessel size. finance, plan, design, build Angolan Government committed to the establishment of a deepwater port at C
Slide 10: Angola - Growing and Mining Friendly
Angola - Growing and Mining Friendly Africa’s largest oil producer and third largest producer of diamonds. China’s largest oil supplier Current projects include $10bn LNG plant led by Chevron and $1.2 billion urea and ammonia plant led by Mitsubishi Fastest growing economy in Africa Infrastr
Slide 11: Management Team
Management Team Partner at Steinepreis Paganin (a Perth based corporate law firm) since July 2005. Peter Wall Has a wide range of experience in all forms of commercial and corporate law, with (Chairman) a particular focus on resources (hard rock and oil/gas), equity capital markets and mergers and a
Slide 12: Capital Structure
Capital Structure Current Shares on Issue 1,158,149,881 Options exercisable at 1.0cps 311,666,665 Optoins exercisable at 9.37 ‐25cps 4,150,000 Market Capitalisation at 0.3cps $3.5m Cash (at September 30 2014) $0.7m Enterprise Value $2.8m
Slide 13: News and Activities
News and Activities Appointment of CEO Convertible Note Conversion Appointment of Key Management Cabinda License renewal Scope and Award of BFS studies Further Exploration Drilling Divestment of DRC Interests
Slide 14: Contact Details
Contact Details Australia: 278 Barker Road Subiaco WA 6008 Australia Ph: +61 8 6102 7724 Fax: +61 8 9388 1252 www.minbos.com Road from Caio to Cacata
Slide 15: Disclaimer
Disclaimer COMPETENT PERSON STATEMENT The information is extracted from the Company’s ASX announcement entitled ‘Cacata High Grade Project: Scoping Study Produces Positive Results’ created on 06 June 2012 and the Company’s ASX announcement entitled ‘Minbos Announces Resource Upgrade for the Cabinda
Slide 16: Appendix: Cacata Scoping Study
Appendix Cacata Scoping Study ASX Announcement 6 June 2012
Slide 17: An exciting resource with significant upside
An exciting resource with significant upside Deposit Tonnes Grade COG Category The information is extracted from the Company’s (Mt) (%P2O5) (%P2O5) ASX announcement entitled ‘Minbos Announces Resource Upgrade for the Cabinda Licences in Cacata 5.0 23.0 5.0 Measured Angola’ created on 16 October 2013
Slide 18: Where is it?
eens eee LQ — Minbos Where is it? nin CACATA
Slide 19: Scoping Study Project Summary
Scoping Study Project Summary Project Status: Located on the highly prospective and high grade Eastern Limb. Commencing Bankable Feasibility Study. High grade resources defined, scoping study confirms robust project economics JORC Resource: 30.4Mt total @ 17.2 % P2O5 assumed at the time of the S
Slide 20: The Scoping Study financials are robust
The Scoping Study financials are robust Project Financials (800ktpa Phosphate Rock Concentrate) – 100% basis Revenue $US180/t (excludes 12% premium as quoted by CRU Strategies) Opex $US54.4/t (Excludes Royalties) Capex $US157.1M (Excluding contingency) NPV $US311M (@ 10% discount) IRR 40.2
Slide 21: Capital Expenditure
Capital Expenditure Cacata Capital Costs $USm Mining 9.5 Processing Plant 54.8 Tailings Dam 6.8 Storage and Transport (Land) 22.5 Storage and Loading (Sea) 57.5 Owners Costs 6.0 Contingency (15%) 23.6 Total Capital 180.7
Slide 22: Operating costs are low
Operating costs are low Cacata Operating Costs $US/t FOB Mining 5.72 Processing Plant 25.12 Tailings Storage Facility 0.50 Storage and Transport (Land) 13.63 Storage and Loading (Sea) 3.25 General and Admin 6.20 Total Operating Cost per tonne of Product 54.42
Slide 23: Cacata Processing Block Flow
Cacata Processing Block Flow
Slide 24: Land Transport Route
EE" — Bs Minbos Land Transport Route Resources Limited or 7 : * Chyuete a chivovo } \
Slide 25: Stage 1 Port Site Option
—_ Age : Minbos Resources Limited z CACATA PHOSPHATE
Slide 26: Proposed development path - Cacata
Proposed development path - Cacata 2014 2015 2016 2017 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 Define Scope of Bankable Feasibility Study Tender Bankable Feasibility Study Bankable Feasibility Study Project Financing Project Execution 20 months
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