121 MINING INVESTMENT Presentation February 2017 Key Points - - PowerPoint PPT Presentation
121 MINING INVESTMENT Presentation February 2017 Key Points Merger Merger with Joint Venture Partner creates Congo Releases Basin phosphate company with near term cashflow and long term project pipeline. Value Low Cost BFS for
Current Shares on Issue 2,458 Current Performance Rights 60 Cash at 31 December 2016 A$4.3M Current Diluted Market Cap (0.7cps) A$18M Merger Shares 2,073 Merger Options exercisable upon at 1c (A$3.85M) 385 Performance Rights pursuant to merger 416 Incentive Shares 300 FULLY DILUTED SHARES POST MERGER 5,692
Zaire Province ( Petril Merger Assets )
Merge with Angolan JV Partner”
JORC mineral resources of 215Mt at 9.6% P2O5.
Cabinda Province
Cabinda Licences Petril Projects
~70% 50%
Lucunga Licences Pedra de Feitico Licences
50% 100%
Cabinda Licences
~70% 100%
Lucunga Licences Pedra de Feitico Licences
100%
Petril Projects Shareholders ~50%
Target ~26% P205 Target ~32% P205
18 tonnes representing ~6Mt of dry DSO and ~10Mt of Scrub+Screen ore Wet Scrubber Screen -2.5mm to 150um Drying to <3% moisture Roll crusher Drying to <3% moisture Air classification -100um
Feed Grade %P2O5 27% 30.5% 29.5% Mass Recovery 77% 81-88% 80% P2O5 Recovery 85% 86-91% 92% Product Grade % 30% 33-34% 31-32%
completed on material from 8 drill holes representative of the deposit. The recovery numbers were derived from a scrubbing and screening at +212um to 2.36mm.
by air classification to remove the -106um
medium grade. The results are derived from scrubbing and screening the material at +106um and -12.5mm.
Preliminary Optimisation suggests:
9-11Mt of the M&I resources at a cut-off of 26% P2O5
6-8Mt of the M&I resources at a cut off around >28% P2O5 Mine engineering studies will optimise the value and utilisation of the entire 15Mt M&I resource incorporating the second stage with flotation.
disposal
The decision between dry and wet beneficiation will be a tradeoff between additional capex for wet processing and shorter stage 1 mine life for dry processing.
Porto de Caio Cabinda
Letter of Intent
Mining
work
Hydrology prime resources
Feb 2017
Mar 2017
Mar 2017
April 2017
May 2017
2017
2017
Peter Wall
Chairman Partner at Steinepreis Paganin since July 2005. Wide ranging experience in all forms of commercial and corporate law, with a particular focus on resources (hard rock and oil/gas), equity capital markets and mergers and acquisition.
Damian Black
Director Director Corporate Finance, Asia Principal Capital
finance and stockbroking since 2006. Mr Black worked for the Lead Manager to the Minbos Resources IPO in 2010.
Domingos Cataluchi
Director Zeca is a mining industry professional and a qualified diamond evaluator with over 12 years experience in the exploration and mining industry in Angola. He has various business interests in Angola including Hotels, transportation, general trading and mining.
Bill Oliver
Director Geologist of over 15 years experience with both majors and juniors. Previously Exploration Director and then Managing Director of Signature Metals. Led large scale resource definition projects for Rio Tinto.
Dganit Baldar
Director A qualified Israeli Corporate Lawyer with 20 years experience in the legal profession. Most recently was General Counsel for the Mitrelli Group, a multinational
large turn-key projects in developing countries. Mitrelli was very active in Angola during Ms Baldar’s tenure.
Lindsay Reed
CEO A Mining Engineer with 30 years experience in exploration, development, operations and corporate
and tin operations obtaining a Mine Managers
resource analyst in the Australian equity markets. Since then he has started and managed a number of resource companies with projects in a range of commodities in Australia, Africa and Asia.
Stef Weber
CFO Mr Weber is a chartered accountant and company secretary with 20 years experience in senior management roles in the resource industry in Australia and Africa. He had previously held senior finance roles with Exxaro Resources and is experienced in financing, project control, tax and operations management.
Rebecca Morgan
Geologist Qualified in geology and mining engineering, Rebecca has 15 years experience in the mining industry including exploration, operations and consulting. She has experience in West Africa and speaks Portuguese. Most recently she worked as a mining consultant with Optiro Resources.
Mike Erwin
Marketing and Sales Mike has 30 years experience in marketing and logistics with much of that in the fertilizer sector. He has worked for fertilizer trading companies, as the agent for global companies selling reagents to the fertilizer sector and as agent for Rock Phosphate importers and exporters including from West Africa.
the largest supplier of oil to China in July 2016 overtaking Russia and Saudi Arabia.
commissioning difficulties.
DISCLAIMER The Company has prepared this document based on information available to it at the time of preparation, from sources believed to be reliable and subject to the qualifications in this document. To the maximum extent permitted by law, the Company and it of affiliates, related bodies corporate (as that term is defined in the Corporations Act) and its respective directors, employees, officers, representatives, agents, partners, consultants and advisers (each a Limited Party and together, the Limited Parties) accept no responsibility or liability for the contents of this document. No representation or warranty, express or implied, is made as to the fairness, accuracy, adequacy, validity, correctness or completeness of the information,
use of this document or its contents or otherwise arising in connection with it. FORWARD-LOOKING STATEMENTS This document contains statements, opinions and projections, all preliminary in nature, prepared by the Company on the basis of information developed by itself in relation to its Rock Phosphate projects, Cabinda and Kanzi, respectively, and together Projects). Such information can be described as at the pre-feasibility stage, due to the limited information provided to date, and may be subject to change. Certain statements, beliefs and opinions contained in this document, particularly those regarding the possible or assumed future performance of the Company and the Projects are or may be forward looking statements. Forward looking statements can be identified by the use of forward looking terminology, including, without limitation, the terms “believes”, “estimates”, “anticipates”, “expects”, “predicts”, “intends”, “plans”, “goals”, “targets”, “potential”, “aims”, “outlook”, “guidance”, “forecasts”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond the Company’s ability to control or predict which may cause the actual results or performance of the Company and the Projects to be materially different from the results or performance expressed or implied by such forward-looking
made that any of these statements or projections will come to pass or that any forecast result will be achieved, nor as to their accuracy, completeness
release any update of, or revisions to, any forward-looking statements in this document. All dollar values contained in this document are in Australian dollars (A$) and the pro forma financial information is presented as at 7 November 2016 unless otherwise stated.
Competent Person The information in this presentation that relates to the Exploration Results and Phosphate Resources, Production Targets and Cost Estimation was extracted from Minbos’s ASX announcement dated 6 June 2012, 16 October 2013, 5 December 2013 and 5th December 2016, respectively entitled “Cacata Project – Scoping Study Produces Positive Results” “Minbos announces resource upgrade for the Cabinda licenses in Angola” and ”Cabinda Resource Additional Information” “Minbos to Merge with Angolan JV Partner” and the Minbos Annual Report for the years ended 30 June 2014 to 30 June 2016 and Half Year Reports for the periods ended 31 December 2014 and 31 December 2015 which are available to view
Competent Person Cabinda Project The information in the original ASX announcements and the Annual Report and Half Year Report that related to Exploration Results and Phosphate Resources is based on information compiled or reviewed by and approved for release by Ms Kathleen Body, Pr.Sci.Nat, who has over 20 years of experience in mineral exploration and mineral resource estimation. Ms Body is a Principal Consultant and Director of Redbush Geoservices (Pty) Ltd and contracted to Minbos Ms Body is registered with the South African Council for Natural Scientific Professions(SACNASP)as a Professional Natural Scientist. She has sufficient experience in relation to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined by the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (The JORC Code 2012 Edition). Ms Body has consented to inclusion of this information in the form and context in which it appears. Competent Person Lucunga and Pedra de Fetico Projects The information in this presentation that relates to the Lucunga and Pedra de Feitico Exploration Results and the Lucunga Vale Fertil resource estimate complies with the 2012 Edition of the JORC Code has been reviewed and approved for release by Ms Rebecca Morgan, who is a member
style of mineralisation and type of deposit under consideration and to the activity she is undertaking to qualify as a competent person as defined in the 2012 Edition of the JORC Code. Ms Morgan has concluded that the information provided in this document complies with ASX Listing Rule 5.12 and is an accurate representation of the data and studies available and relating to this resource. However, Ms Morgan, as the Competent Person, has not yet completed a sufficient review on the qualifying resource estimate to classify it in accordance with the JORC Code at this time and consequently it is uncertain that, following evaluation and/or further exploration work that the qualifying foreign resource estimate will be able to be reported as a Mineral Resource in accordance with the JORC Code. Ms Morgan consents to the inclusion in this report of the matters based upon the information in the form and context in which it appears.
Minbos confirms that: a) it is not aware of any new information or data that materially affects the information included in the original ASX announcements; 30 June 2016 Annual Report and 31 December 2015 Half Year Report b) all material assumptions and technical parameters underpinning the Phosphate Resource, Production Target and related financial information derived from the Production Target included in the ASX announcements,30 June 2016 Annual Report and 31 December 2015 Half Year Report continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons’ findings are presented in this announcement have not been materially modified from the original ASX announcements,30 June 2016 Annual Report and 31 December 2015 Half Year Report
245 Churchill Avenue Subiaco WA 6008 Australia Phone: +61 8 6270 4610 Email: info@minbos.com Website: www.minbos.com