Agrimin Limited · ASX:AMN
Agrimin — Investor Presentation (June 2021)
23 slides from Agrimin's investor presentation, Jun 22, 2021
Slide 1: Investor Presentation | June 2021
Investor Presentation | June 2021 ABN 15 122 162 396 ASX Code: AMN
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers Nature of Document Competent Person Statements This presentation has been prepared as a summary only, and does not contain all information about Agrimin Limited’s The information in this presentation that relates to Exploration Results for the Mackay Potash Project
Slide 3: Corporate Information
Corporate Information Capital Structure (as at 18 June 2021) Board of Directors Share Price (ASX: AMN) $0.50 Mark Savich Chief Executive Officer Shares 211.1m Richard Seville Non-Executive Chairperson Share Rights 11.7m Brad Sampson Non-Executive Director Market Capitalisation $105.6m Alec Pismiris
Slide 4: Tier 1 Potash Project in Western Australia
Tier 1 Potash Project in Western Australia The flagship Mackay Potash Project is set to have the world’s lowest SOP production cost Project Map o The lowest cost, longest life, largest and most scalable Sulphate of Potash (SOP) asset under development outside of Africa o Native Title Agreement signe
Slide 5: Potash Exposure, Tier 1 Asset, Low Carbon Footprint
Potash Exposure A future facing commodity with an attractive price outlook Tier 1 Asset The world’s largest and lowest cost SOP project under development outside Africa Low Carbon Footprint High renewables penetration supported by a world-class wind resource Premium Product Made in Australia and cer
Slide 6: High Quality SOP Resource Base
High Quality SOP Resource Base Shallow Water Table for Trench Brine Extraction Suitable Lakebed Surface for Solar Evaporation Ponds 75km Investor Presentation | Page 6
Slide 7: DFS Set a New Industry Standard
DFS Set a New Industry Standard $50 million invested to date o The industry's most extensive Definitive Feasibility Study (DFS) program has included: o 2 years of long-term trench pumping at 22 representative sites across Lake Mackay o 1½ year pilot evaporation trial on Lake Mackay with >100t of pot
Slide 8: Environmental, Social and Governance
Environmental, Social and Governance We are committed to operating in alignment with the United Nations Sustainable Development Goals Safety The safety and well-being of our people and the communities in which we operate is our paramount focus. Environment We aim to produce sustainable fertiliser pr
Slide 9: Total Ore Reserve and DFS metrics
1. Total Ore Reserve comprises a Proved Ore Reserve of 3.7Mt and a Probable Ore Reserve of 16.3Mt. 2. Refer to the ASX Release on 21 July 2020 for full Definitive Feasibility Study details. All material assumptions underpinning the production target and forecast financial information derived from th
Slide 10: A Globally Significant Potash Asset
A Globally Significant Potash Asset The Mackay Potash Project is validated as Australia’s most strategic and valuable SOP asset Country Forecast Annual SOP Production Rates of Projects Being Developed1 Company Dallol 600ktpa Colluli 472ktpa2 Lake Mackay 450ktpa3 Lake Disappointment 407ktpa Lake Sevi
Slide 11: Targeting the World's Lowest Cost SOP Production
Targeting the World’s Lowest Cost SOP Production Primary brine producers have a clear cost advantage Global SOP Cash Cost Curve (US$/t FOB)1 o Agrimin to be the world’s lowest cost supplier of seaborne 450 SOP once in production 400 350 o Large portion of global SOP production relies on the high 300
Slide 12: Exceptional Cash Flow Margin
Exceptional Cash Flow Margin A long-life project that can be profitable though the commodity cycle 10 Year Historical SOP Prices1 o Forecast cash flow margin of >60% at a SOP price of 700 US$500/t FOB Wyndham Port 600 o Robust cash flow margin supports a targeted debt to 500 Flat DFS Price Forecast
Slide 13: The Premium Potash Fertiliser
The Premium Potash Fertiliser SOP is essential for high value crops and trades at a substantial price premium to MOP Muriate of Potash (MOP) Sulphate of Potash (SOP) o Standard source of Current Price1 Current Price2 o Chloride-free source of potassium and contains US$340/t US$480/t potassium and su
Slide 14: Supporting Improved Agricultural Practices
Supporting Improved Agricultural Practices SOP will play a critical role in improving crop yields and achieving food security in South and Southeast Asia Traditional Farmer Evolving Farmer Investor Presentation | Page 14
Slide 15: Ideally Located Near SOP Growth Markets
Ideally Located Near SOP Growth Markets Rising SOP intensity-of-use is needed to support higher crop yields SOP Demand by Region (% of World Demand)1 o China accounts for two thirds of global SOP demand Europe North 17% o Europe and USA represent the other America 5% Middle East key demand centres 3
Slide 16: Tier 1 Offtake Partners Being Secured
Tier 1 Offtake Partners Being Secured Agrimin’s environmental and organic credentials underpin strong offtake demand Binding SOP Offtake Book o 150,000tpa Binding Offtake Agreement signed1 with Sinochem Fertilizer Macao Limited, which belongs to Sinofert Holdings Limited o 10 year supply deal with C
Slide 17: Indicative Development Timeline
Indicative Development Timeline Pathway to production is well-advanced with a current focus on offtakes and project funding o DFS completed in July 2020 Today o ITR completed in April 2021 2H 2020 2021 1H 2022 2 ½ Years o First binding offtake signed in May 2021 DFS Offtakes FID SOP Production Proje
Slide 18: Strong Indigenous Engagement
Strong Indigenous Engagement Landmark Native Title Agreement in place o Native Title Agreement signed in 2017 with the Kiwirrkurra People, the native title holders of the land at the Mackay Potash Project1 o Extremely strong long-term support from Traditional Owners for the project’s development o A
Slide 19: Strategic, Social and Economic Benefits
Strategic, Social and Economic Benefits A project of national significance o The Mackay Potash Project has been awarded Major Project Status by the Australian Federal Government o Agrimin will make an important contribution through employment, economic infrastructure and $350 million per year in exp
Slide 20: Set to be the world's lowest cost SOP producer with a 40 year life
Set to be the world’s lowest cost SOP producer with a 40 year life Exceptional economics and high cash flow margin to underpin the delivery of project funding 20 World-class SOP Ore Reserve located in the MILLION TONNES world’s best mining jurisdiction Premium SOP product quality to drive strong cus
Slide 21: Office Contact, Investor Relations, Media Contact
ABN 15 122 162 396 Office Contact: Investor Relations: Media Contact: 2C Loch Street Mark Savich Michael Vaughan Nedlands, WA 6009, Australia Chief Executive Officer Fivemark Partners T: +61 8 9389 5363 T: +61 8 9389 5363 T: +61 422 602 720 E: admin@agrimin.com.au E: msavich@agrimin.com.au E: michae
Slide 22: Appendix 1. Mineral Resource & Ore Reserve
Appendix 1. Mineral Resource & Ore Reserve Drainable Porosity Mineral Resource Estimate1 (JORC Code 2012) Measured & Indicated Resource Aquifer Inferred Total Mineral Resource Measured Indicated Total Zone Volume (Mm3) K (mg/L) SOP (Mt) K (mg/L) SOP (Mt) K (mg/L) SOP (Mt) K (mg/L) SOP (Mt) K (mg/L)
Slide 23: Appendix 2. Information Sources – Production Rates
Appendix 2. Information Sources – Production Rates Company Source Source Date Comments Yara International ASA (OSL: YAR) Corporate release titled “Yara to Sign Ethiopian 7 November 2017 Production rate of 600ktpa of SOP is based on proposed Mining Agreement” development plan. Danakali Ltd (ASX: DNK)