Parkway Corporate Limited · ASX:PWN
Parkway Corporate — Parkway Minerals NL — Investor Presentation (June 2017)
24 slides from Parkway Corporate's investor presentation, Jun 21, 2017
Slide 1: For personal use only
For personal use only June 2017
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitute an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may
Slide 3: Agenda
Agenda For personal use only • Company snapshot • Fertiliser overview • Western Australia: • Lake Barlee • Dandaragan Trough project • South Harz project, Germany • Value proposition Investor Presentation 3
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only ASX CODE PWN Board of directors SHARE PRICE – 13 June 2017 A$0.010 • Adrian Griffin – chairman: mine production and corporate management. MARKET CAP. (at 1.0 c) A$3.5 M • Patrick McManus – managing director: SHARES ON ISSUE 1 353 M industrial minerals special
Slide 5: Investment Case
Investment Case For personal use only • Explore and develop Lake Barlee, a large salt lake in Western Australia, prospective for potash in brines. • Develop a fertiliser business underpinned by one of the world’s largest glauconite deposits, located close to markets in WA and southeast Asia: – low-c
Slide 6: The Fertiliser Business
The Fertiliser Business For personal use only • Three fertiliser bulk components: – N (nitrogen) promotes green growth – P (phosphorous) promotes plant yield potential – K (potassium) enables plant uptake of nutrients from soil and air. • Three minor components: Ca, S and Mg. • Most soils deficient
Slide 7: Global Outlook for Fertiliser
Global Outlook for Fertiliser For personal use only Population (Billions) LHS Arable Land per person (hectares) RHS 10 0.45 Food demand predicted to 9 0.4 double by 2050, due to: 8 0.35 7 0.3 • population growth Population (B) Arable land 6 5 0.25 • diminished arable land 0.2 4 0.15 • dietary change
Slide 8: Global Fertiliser Business
Global Fertiliser Business For personal use only Value of US$172 billion in 2015 • Nitrogen (109 Mtpa N) from air, gas and coal: – urea 21% N – ammonia nitrate 49% • Phosphates (41 Mtpa P) from rock phosphate deposits: P 30% – Superphosphate, phosphoric acid and MAP & DAP K • Potash (28 Mtpa K, 55 M
Slide 9: Phosphate Rock Production & Demand
Phosphate Rock Production & Demand For personal use only Golbal Phosphate consumption [Source: IFA and Potash Corp.] Investor Presentation 9
Slide 10: Potash Production & Sales
Potash Production & Sales For personal use only [Source: IFA and Potash Corp.] Investor Presentation 10
Slide 11: Lake Barlee
Lake Barlee For personal use only • Large landholding • +1,800 km2 • Covers majority of Lake Barlee • Field work in April, surface brine samples high in potassium • Next steps: • Hydrogeologist engaged • geophysics to identify deeper paleo-valleys • drilling by December quarter Investor Presentation
Slide 12: Dandaragan Project Location
Dandaragan Project Location For personal use only • >2,000 km2 of prospective area: – ~150 km of strike – +20 km width – many intersections +40 m. • Great infrastructure: – Rail, roads, towns, power, gas and water all close by – Two major export ports and fertiliser plants at Geraldton and Kwinana,
Slide 13: Exploration
Exploration For personal use only • Focus on northern area – 432 holes drilled, 1182 m on Dinner Hill. • Numerous intersections of high grades near surface. • Dinner Hill, first resource, phosphate closer to surface. Investor Presentation 13
Slide 14: Dambadjie Prospect Drill Samples
Dambadjie Prospect Drill Samples For personal use only Investor Presentation 14
Slide 15: Phosphate Flowsheet
Phosphate Flowsheet For personal use only Investor Presentation 15
Slide 16: Phosphate Scoping Study
Phosphate Scoping Study For personal use only • Mining rate – 4 Mtpa • One product – 400,000 tpa single superphosphate • 100 tpa consumed locally – balance exported to SE Asia. • Contract mining delivers ore to beneficiation plant – reduces capital and risk. • Scoping Study released: 30 September 20
Slide 17: Potash Project
Potash Project For personal use only • Stage 2 for Dinner Hill – timing flexible. • Use of new technology – K-Max. • Suite of products – SOP, high-magnesium SOP (‘KMS’), aluminium phosphate, phosphoric acid. • Robust project – higher capital but stronger EBITDA (ASX release Jan 13 2015). • Revenue m
Slide 18: Dinner Hill Development Timeline
Dinner Hill Development Timeline For personal use only 2017 2018 2019 2020 2021 2022 2023 2024 2025 Phosphate Feasibility study. Construction. Operation. K-Max project Pre-feas. study. Feasibility study. Construction. K-Max operation. Investor Presentation 18
Slide 19: Technology
Technology For personal use only • K-Max IP 100% owned: – potash from glauconite deposits, opportunities worldwide – Co-products, alum, high-magnesium SOP and phosphoric acid – application to other silicate sources of potash. • L-Max lithium extraction technology: – developed as an extension of K-Ma
Slide 20: Davenport Resources
DAVENPORT RESOURCES For personal use only • PWN owns 26% of Davenport Resources (ASX DAV) which owns two exploration licences in central Germany. • Plus performance rights on project milestones • Close to existing producers. • 450 km2 with extensive drilling database. • Working with Ercosplan, world
Slide 21: Küllstedt and Gräfentonna Licences
Küllstedt and Gräfentonna Licences For personal use only • Located in South Harz region (has produced 100 Mt of potash). • Several mines in production until 1990s and German reunification, when low potash prices led to closures. • 450 km2 of holdings. • Extensive drilling data available. • Close to
Slide 22: Market Cap, A$M
Market Cap, A$M For personal use only 140 120 $2,483 100 $382 80 60 40 20 0 (As at June 2017) Investor Presentation 22
Slide 23: Value Proposition
Value Proposition For personal use only • Proximity to the most rapidly • Davenport Shareholding upside: expanding fertiliser markets. – long production history – extensive database available • Lake Barlee – quality partners. – Salt lake potash potential • Technology-driven opportunity: – applicatio
Slide 24: For personal use only
PO Box 1088 West Perth WA 6872 Phone +61 (0) 8 9479 5386 For personal use only Fax +61 (0) 8 9475 0847 www.parkwayminerals.com..au Patrick McManus Adrian Griffin Peter Nesveda Managing Director Chairman Investor Relations +61 (0) 408 956 798 +61 (0) 418 927 658 +61 (0) 412 357 375 patrick.mcmanus@pa
Parkway Minerals NL — Investor Presentation (June 2017) on 6ix