Greenx Metals Limited · ASX:GRX
Greenx Metals — Prairie Downs Metals — Investor Presentation (June 2013)
24 slides from Greenx Metals's investor presentation, June 2013
Slide 1: Lublin Coal Project Company Presentation
ASX: PDZ ABN 23 008 677 852 Lublin Coal Project Company Presentation June 2013
Slide 2: Investment Highlights
Investment Highlights Massive, Untapped, First 1.6Bt 1.6Bt Inferred Maiden Coal Resource recently announced Inferred JORC 680Mt in the largest three of the 20 modelled coal seams World Resource Base Resource Located in an EU member country with an excellent fiscal regime for coal 6,400kcal/k
Slide 3: Coal – Fundamental to the EU Energy Matrix
Coal – Fundamental to the EU Energy Matrix During 2012 Europe consumed over 772 million tonnes of coal, 675 million tonnes of which was for power generation. European countries imported over 150mt of thermal coal in 2012, accounting for 22% of global seaborne thermal coal imports… 2012 European Unio
Slide 4: EU - Declining Coal Supply
EU - Declining Coal Supply A true need for a new European coal supply basin… Poland is the number one EU hard coal producer & seventh largest globally at ~75mtpa; it is viewed as a pro-coal nation European hard and lignite coal production for power generation has been on an decreasing trend Tr
Slide 5: Lublin Coal Basin - Poland
Lublin Coal Basin - Poland Located in a stable EU country with an excellent fiscal regime for coal… One of the most attractive fiscal regimes for coal 19% corporate tax rate 4PLN/t royalty (~US$1.2/t) The Company has been granted 18,200 hectare Coal Exploration Concessions by the Ministry of Env
Slide 6: Massive Coal Resource Base
Massive Coal Resource Base Untapped, 1.6 Billion tonne inferred strategic resource of high quality thermal coal… Maiden Coal Resource defined from over 200 core holes with cut-off seam thickness of 1.0 meters, a 20 meter buffer zone between the Jurassic and over 20 coal seams modelled Current dr
Slide 7: Competitive Strategic Supply into Europe
Competitive Strategic Supply into Europe Lublin Coal Basin is the strategic alternative for low cost European coal supply… 7
Slide 8: Competitive Cost Advantage
Competitive Cost Advantage Significant competitive advantage over other sources of imported coal supply into Europe… FOB Costs Mine Gate Costs Imported Coal Seaborne Freight Import Discharge Port-Power Plant Rail & Port Rail Supply Chain Costs Power Plant Delivered Royalties Cost Lublin Coal Lublin
Slide 9: Adjacent to a World Class Mine
Adjacent to a World Class Mine “The Bogdanka mine ranks with the best deep coal mines in the world in terms of the absolute performance of its longwalls and development headings”, SRK Mining Consultants… 120 110.2 101.1 100 80 USD/t 60 37.4 40 20 - Bogdanka JSW New World Resources 1st Qtr 2013 Cash
Slide 10: Significant Large Scale Potential
Significant Large Scale Potential 680 Million tonnes of the current inferred Coal Resource is contained within 3 high quality coal seams… 391 Seam 379 Seam 382 Seam 327 Million tonnes 190 Million tonnes 163 Million tonnes 8.4% Ash 14.1% Ash 13.3% Ash 6,894 kcal/kg 6,307 kcal/kg 6,352 kcal/kg Poten
Slide 11: Benchmark Quality Thermal Coals
Benchmark Quality Thermal Coals Lublin Coal Basin has the potential for production of import benchmark thermal coals… Coal Seam/Benchmark Comparison Calorific Value (kcal/kg, GAD) Ash (%) Sulphur (%) API 2/CIF ARA Typical Specification 6,700 11.0-15.0 <1.00 Seam 391 (Unwashed) 6,894 8.4 1.16 Seam 39
Slide 12: High Productivity / Low Cost Potential
High Productivity / Low Cost Potential Favorable geology allows high productivity longwall mining… 12
Slide 13: Proven Plough Technology
Proven Plough Technology World record setting plow technology deployed in the Lublin Coal Basin… Recommended technology for seam heights of <2.3 meters as compared to a traditional shearer longwall The basin has displayed the potential to be an ideal poster child for longwall plows with a world
Slide 14: Targeting First Quartile Costs
Targeting First Quartile Costs Based on Bogdanka’s current cash cost, new projects in the Lublin Coal Basin have strong potential to be in the lowest quartile of the cost curve for thermal coal delivered into Europe… Russia Bogdanka Colombia 2013 CFR ARA Energy Adjusted Cash Costs Curve (Source: Woo
Slide 15: Pathway to Production
Pathway to Production 2013 - 2015 Technical Studies & Resource Definition & Bankable Feasibility & Construction & Mine License Environmental Studies Funding Commissioning Application Complete the 7 PQ sized core hole drilling program over our exploration concessions Enhance our understanding of th
Slide 16: Pathway to Production
Pathway to Production 2013 - 2015 Technical Studies & Resource Definition & Bankable Feasibility & Construction & Mine License Environmental Studies Funding Commissioning Application Complete a scoping study which conceptualises the different alternatives for a new mine development in the Lublin coa
Slide 17: Pathway to Production
Pathway to Production 2015 - 2016 Technical Studies & Resource Definition & Bankable Feasibility & Construction & Mine License Environmental Studies Funding Commissioning Application Complete full bankable feasibility studies to provide enough detail to allow project financing through the global c
Slide 18: Pathway to Production
Pathway to Production 2016 + Technical Studies & Resource Definition & Bankable Feasibility & Construction & Mine License Environmental Studies Funding Commissioning Application Board approval to commence construction Site preparation, civil works, foundations, etc Shaft sinking, surface facil
Slide 19: Board of Directors
Board of Directors Strong board with proven development experience in the small-cap resources sector… Highly respected, London based, mining engineer and investment banker; holds a NSW mine managers certificate of competency for underground coal mining with significant experience in Ben Stoikovich
Slide 20: Executive Team
Executive Team An experienced and Polish based management team… Geologist with over 30 years experience and a proven ability in the identification, exploration and appraisal of new resource projects Janusz Jakimowicz Group Executive Instrumental in identifying, negotiating and applying for the c
Slide 21: Value Adding Milestones
Value Adding Milestones Potential for market re-rating from short term (<6months) milestones… Completion of initial geological review and definition of Exploration Target Build geological model utilising extensive historical drill core database Maiden JORC code compliant Coal Resource Estimate
Slide 22: Attractive Peer Comparable Valuations
Attractive Peer Comparable Valuations Strong valuation multiples for global coal producers will assist in re-rating of Prairie Downs as we continue to develop the project… 18.0 15.8 16.0 14.0 11.7 12.0 10.2 EV/EBITDA 10.0 9.1 8.1 8.0 7.4 7.5 6.0 5.4 5.6 5.2 5.3 5.4 4.7 4.0 2.0 - Oxford Hallador Alli
Slide 23: Capital Structure
Capital Structure Tightly held capital structure with low EV and strong cash and liquidity position… Capital Structure (14 June 2013) Current Shares 116,808,465 Market Capitalisation @ 30.0 cents ~A$35 million Unlisted Options (15 cents, expiry 30 June 2015) 15,382,133 Unlisted Options (40 cents, ex
Slide 24: Disclaimer
Disclaimer Disclaimer Notice This presentation has been prepared as a summary only, and does not contain all information about Prairie Downs Metals Limited’s assets and liabilities, financial position and performance, profits and losses, prospects, and the rights and liabilities attaching to Prairie
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