Avenira Limited · ASX:AEV
Avenira — Investor Presentation (March 2019)
13 slides from Avenira's investor presentation, March 2019
Slide 1: Phosphates 2019 Presentation
Phosphates 2019 Presentation ASX: AEV March 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Avenira Limited (Avenira). This document does not constitute or contain an offer, Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, invitation, solicitation or recommendation wit
Slide 3: Corporate Snapshot
Corporate Snapshot Board of Directors Capital Structure Chairman Brett Clark Share price (22nd March 2019) A$0.015 Managing Director Louis Calvarin Shares in issue (ASX: AEV) 1,058m Non-Executive Director Farouk Chaouni (Agrifos) Options (25c, Sept 2019 expiry) 80.0m Non-Executive Director Tim Cotto
Slide 4: The Baobab Project
The Baobab Project 80% - Avenira 20% - Mimran Group An established phosphate rock mine in Senegal, West Africa 4
Slide 5: Exploration & Geology
Exploration & Geology Large Indicated & Inferred Resource § 1,163 km2 exploration permit § Exploration since 2014: 617 AC + 470 diamond holes for a total of 42,185 m § Indicated Resource tested by 125 x 125 m spaced drilling and Inferred at 250 x 250, or 500 x 500 m § Average 32 m of clayey sand ove
Slide 6: Permit In Hand
Permit In Hand Small Mine Permit Has Been Transformed into Exploitation Permit § Exploitation Permit granted by Senegal Presidential Decree n°2018-1840 dated September 27th, 2018 § Permit valid for a 20-year renewable term and covers a 75 km2 area § The Senegalese Government will hold a 10% free-car
Slide 7: Baobab Project: Current operations
Baobab Project: Current operations § Operations at Baobab’s Gadde Bissik mine commenced in 2016 § Mine 140 km from the Port of Dakar § Product trucked to port (rail is an option) § Staging storage at port § Valuable experience gained from operations § Over 500 kt ore extracted and over 5 Mm3 overbur
Slide 8: Mineralogy
Mineralogy Mineral Liberation § Well-liberated Apatite § Quartz is the dominant gangue material § Beneficiation by reverse flotation and magnetic separation CONFIDENTIAL Background QEMSCAN LOM Sample Apatite Quartz Fe Oxides flotation feed 150 - 300 C lay Mica Feldspar Zircon µm fraction Ilmenite/Ru
Slide 9: High-Grade Concentrate
High-Grade Concentrate Projected Typical Analysis Element Wt % Post Redevelopment P2O5 36.4 Investment MgO 0.1 Al2O3 0.8 Fe2O3 1.2 SiO2 8.7 CaO:P2O5 1.38 MER 0.06 9
Slide 10: Baobab Redevelopment
Baobab Redevelopment Class 4 Feasibility Study results § 1Mtpa projected capacity Total Revenue US$M 1,997 § High-grade 36% P2O5 low Ca:P, low MgO, low organics EBITDA US$M 1,020 phosphate rock concentrate IRR (unlevered, pre-tax) % 29.4 § Free-dig strip-mining operation NPV8% (unlevered, post-tax)
Slide 11: Feasibility Study Consultant Scope of Work
Feasibility Study Consultant Scope of Work MPR Geological Consultants Pty Ltd Resource Estimate Wood PLC Mining Engineering Phosphate Beneficiation LLC Metallurgy and Process Consulting Mineral Resource Associates Metallurgy and Flotation Test Work FLSmidth Inc. Comminution, Thickening, Settling & D
Slide 12: Investment rationale
Investment rationale Well positioned for this growing, essential industry § Food demand is rising rapidly in line with population growth, requiring ever increasing land productivity § Africa: fastest growing fertiliser market globally § Senegal is a stable West African jurisdiction with multiple min
Slide 13: Avenira Limited
Avenira Limited ABN 48 116 296 541 www.avenira.com Suite 19, 100 Hay Street Subiaco, Western Australia 6008 AUSTRALIA PO Box 1704 West Perth WA 6872 AUSTRALIA +61 8 9264 7000 [email protected] 13