1 World Boron Minerals Reserves RUSSIA 8% KAZAKHSTAN USA CHINA - - PowerPoint PPT Presentation

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1 World Boron Minerals Reserves RUSSIA 8% KAZAKHSTAN USA CHINA - - PowerPoint PPT Presentation

Oct 29, 2022 42 likes •347 views

1 World Boron Minerals Reserves RUSSIA 8% KAZAKHSTAN USA CHINA 1% 7 % 4% TURKEY % 72 BOLIVIA PERU 2% 2% CHILE 3 % ARGENTINA 1% 2 World Boron Market Shares, 2011 Russia China South America Others Eti

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World Boron Minerals Reserves

PERU 2% ARGENTINA 1% BOLIVIA 2% CHILE 3 % CHINA 4% RUSSIA 8% TURKEY % 72 KAZAKHSTAN 1% USA 7 %

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World Boron Market Shares, 2011

Eti Mine 46% Rio Tinto 23% Others 31%

Russia

China

South America

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BANDIRMA BORON WORKS

  • Borax Decahydrate
  • Borax Pentahydrate
  • Boric Acid
  • Boron Oxide
  • Etidot-67 (Agri Boron)
  • Sodium Perborate

EMET BORON WORKS

  • Boric Acid
  • Concentrated

Colemanite

KIRKA BORON WORKS

  • Etibor-48 (Borax

Pentahydrate)

  • Etibor-68 (Anhydrous

borax)

  • Calcined Tincal

(Compacted)

BİGADİÇ BORON WORKS

  • Ground Colemanite /

Ulexite

  • Concentrated

Colemanite / Tincal / Ulexite

  • Natural Zeolite

Boron Products & Production Sites of Eti Mine

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Eti Mine in Figures; Production & Capacity of Boron Chemicals

435 420 436 518 715 923 1.021 1.102 1.312 1.002 1.400 1.780 2.100

570 730 1.100 1.272 1.277 1.365 1.725 2.125

300 600 900 1.200 1.500 1.800 2.100 2.400 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Thousand Tons Production Capacity

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Eti Mine in Figures; Sales

18 16 15 21 24 23 23 15 16 17 18 25 25 215 209 186 207 252 299 367 384 519 435 629 829 800

233 225 201 228 276 322 390 399 535 452 647 854 825

100 200 300 400 500 600 700 800 900 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Million USA $ Domestic Sales Export Total Sales

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Consumption of Boron Products in the World & Change in Eti Mine’s Market Share

31% 2000 30% 2002 36%

World Boron Leader

2005 42% 2010 46% 2011

Change in Eti Mine’s Market Share

3.1 2000 2.7 2002

3.3

World Boron Leader

2005 4.0 2010 4.3 2011

Consumption of Boron Products in the World (Million Tonnes)

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Eti Mine is stated as 10th in general rank in the list of “Top 1000 Exporters of Turkey*” Eti Mine in Turkish Economy

*TEA (Turkish Exporters Assembly), 2011 RARE EARTH OXIDES IN TURKEY

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Historical and Current Prices of Rare Earth Oxides

Source: Greenfields Research Ltd 1

22 101 15 15 48 234 83 240 553 2.855 1.810 70 229 1.455 615

500 1.000 1.500 2.000 2.500 3.000 2006 2010 2011 October 2012

US $/kg (FOB CHINA)

La Oxide Ce Oxide Pr Oxide Nd Oxide Eu Oxide Dy Oxide Y Oxide

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Rare Earth Oxides in Turkey

Reserve (tons) Grade (%) Ore type Kızılcaören, Eskişehir1 30,568,268 (proved and probable) 3.14 Bastnazite, Fluorite, Baryte, Thorium Çanaklı, Burdur 3 49,000,000 (proved) 238 - 340,000,000 (potential) Allanite (29% REO), Chevkinite (41 % REO, 20 %TiO2, 2.5% ThO2) Sphene (19% REO, 34% TiO2)

Source: 1. Eti Mine 2.AMR MINERAL METAL INC.

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Mineral Distribution of the Resource, Sivrihisar (by Percentage)

Source: Report, Hüseyin Kaplan, MTA, 1977 & Report, İsrafil Kayabalı, MTA, 1986.

Baryte REO Thorium Fluorite Gangue 28.18% 8,612,182 tons 31.04 % 9,424,424 tons, 37.44 % 11,366,135 tons 3.14 % 953,588 tons 0.2 %

Source: Report, Hüseyin Kaplan, MTA, 1977 & Report, İsrafil Kayabalı, MTA, 1986.

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Sivrihisar Tenor Distribution

39,23 41,75 27,75 28,49 35,97 41,7 32,65 37,44 28,92 35,37 25,92 20,63 30,77 34,28 35,15 31,04

3,67 3,27 2,65 2,55 2,06 4,46 1,25 3,14

5 10 15 20 25 30 35 40 45 Devebağırtan Hill Küçük Höylü Hill Canavar İni Sırtı Kocatepe Bağırtan Hill Köyyeri Hill Yaylabaşı Hill Kocayayla Hill Average Average Tenor, % Fluoride Baryte Rare Earth Oxide

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ETI MINE’S OPERATION PLAN OF RARE EARTH OXIDES

  • Performed in December 5, 2012.

TENDER

  • 10,000 tons/year Rare earth oxides
  • 72,000 tons/year Baryte
  • 70,000 tons Fluoride
  • 250 tons/year Thorium

Planned Production According to Feasibility Study

  • Competent companies given 9 months to prepare technical

specification. FINAL SITUATION

Source: Greenfields Research Ltd

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Rare Earth Oxide Composition of Samples

0,0372 2 1,99 0,17 0,51 0,118 0,014 0,09 0,019 0,048 0,018 0,0027 0,0116 0,05 0,012 0,047 1,833 2,446 0,205 0,595 0,137 0,016 0,104 0,022 0,055 0,021 0,003 0,013 0,057 0,014

0,25 0,5 0,75 1 1,25 1,5 1,75 2 2,25 2,5 Y La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu % % Oxide % Element

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Operating Model of the Mine

Open pit mine Run of Mine Ore (Complex Ore) Process Florite (CaF2) Barite (BaSO4) REE (Ce+La+Nd) Thorium (ThO2) Market Stockpile

By Coordination with Turkish Atomic Energy Agency

By technology firm (Determined after tender)

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Location of REE Site

Eskişehir, Sivrihisar Vertical Section of Complex Ore Zone of Kızılcaören

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Resource Development Project Sivrihisar-Turkey

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Typical “Basket Values” of REO Mines

Source: Greenfields Research Ltd

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Global Comparison of Grades

Source: Greenfields Research Ltd

1st Quartile 2nd Quartile 3rd Quartile 4th Quartile Total Rare Earth Oxides grades

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1st Quartile 2nd Quartile 3rd Quartile 4th Quartile

Global comparison of ore values, TREO ore values

Source: Greenfields Research Ltd; Data: Company websites

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Typical TREO content

Source: Greenfields Research Ltd; Data: Company websites

1st Quartile 2nd Quartile 3rd Quartile 4th Quartile

Global Comparison of Resource Size

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Köprübaşı/MANİSA

ETİ MINE’S URANIUM SITES AND ACTIVITIES

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Uranium Areas in Turkey

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Data on Uranium Reserves Licensed to Eti Mine

Province Area Reserve Grade City Town Village (hectares) (Ton U3O8) (U3O8 %) AYDIN SÖKE Çavdar 2.164,18 1.935 0,123 AYDIN KOÇARLI

  • 1.129,00

500 0,050 MANİSA GÖRDES Köprübaşı 3.113,86 1970 0,236 MANİSA GÖRDES Tomaşa 1.489,32 885 0,089 UŞAK EŞME Fakılı 1.778,76 489 0,044 TOTAL 9.675,12 5.780

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Gold Field Information of Eti Mine

AMOUNT OF RESERVE Proved (Ton):519,285 Probable (Ton):1,280,595 Possible (Ton):1,753,714 TOTAL:3,553,594 ton AVERAGE TENOR Proved (ppb):1,641 Probable (ppb):1,562 Possible (ppb):1,526 TOTAL:1,556 ppb

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KEPSUT, BEYKÖY, BALIKESİR

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Kepsut-Beyköy Area Information

Total Reserve

  • 3,553,594 tons (proved, probable and possible) containing

1.556 gr/ton Au

  •  5.5 ton Metallic Gold

Operational Efficiency

  • For open plants:90-95% For closed plants:75-85%
  • Average drilling depth: 270 m

Operating Life

  • 5 Years
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OTHER INVESTMENT OPPORTUNITIES IN TURKEY

  • the production of the high value added boron

specialties,

  • ceramic,
  • insulating glass + textile fiberglass,
  • TFT-LCD Substrate Glass

which promise an important growth potential.

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Contact

ETIMINE, Pittsburgh, USA ETIMINE,TURKEY Ankara ETIMINE ASIA, Shanghai, CHINA ASIAN AGRO CHEMICALS CORPORATION, U.A.E MARIO PILATO S.A, Valencia, SPAIN AFRO-GLOBAL GROUP PTY.LTD. SOUTH AFRICA Saxonwold ETIMINE SRL, ITALY ETIMINE SA, Bettembourg, LUXEMBOURG AB ETI PRODUCTS O.Y FINLAND Espoo BOROCHEMIE INTERNATIONAL PTE.LTD., SINGAPORE

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Sivrihisar Reserve

Density (gr/cm3) Volume of Ore Zone (m3) Reserve (tons) Fluoride Baryte Rare Earth Oxides Average Tenor, % Reserve (tons) Average Tenor, % Reserve (tons) Average Tenor, % Reserve (tons) Devebağırtan Hill 3.64 1,799,833 6,554,351 39.23 2,571,352 28.92 1,895,990 3.67 240,464 Küçük Höylü Hill 3.68 3,797,185 13,973,640 41.75 5,835,210 35.37 4,942,598 3.27 457,036 Canavar İni Sırtı 3.72 1,325,146 4,929,543 27.75 1,368,243 25.92 1,277,997 2.65 130,619 Kocatepe Bağırtan Hill 3.16 799,880 2,527,620 28.49 720,228 20.63 521,497 2.55 64,437 Köyyeri Hill 4.00 236,624 946,496 35.97 340,496 30.77 291,282 2.06 19,520 Yaylabaşı Hill 3.47 212,374 736,937 41.70 307,334 34.28 252,637 4.46 32,895 Kocayayla Hill 3.86 178,674 689,681 32.65 225,212 35.15 242,423 1.25 8,617

Total 3.64 8,349,716 30,358,268 37.44 11,368,075 31.04 9,424,424 3.14 953,588