Tertiary Minerals Plc · LSE:TYM
Tertiary Minerals — Investor Presentation (May 2017)
21 slides from Tertiary Minerals's investor presentation, May 2017
Slide 1: Building a Strategic Position in the Fluorspar Sector
Building a Strategic Position in the Fluorspar Sector Company Presentation May 2017
Slide 2: Disclaimer
Disclaimer The content of information contained in these slides and the accompanying verbal presentation (together, the “Presentation”) has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance upon this Presentation for the pu
Slide 3: Board of Directors
Board of Directors 1. Patrick Cheetham, Executive Chairman Geologist. 35 years’ experience in mineral exploration. 30 years’ experience in public company management. Founder of the Company, Dragon Mining Ltd, Archaean Gold NL and Sunrise Resources plc. 4 5 1 2 3 2. Richard Clemmey, Managing
Slide 4: Company's Aims, Strategy and Business Plan
Company’s Aims, Strategy and Business Plan Company’s Aims • To become a reliable long-term and competitive supplier of high quality fluorspar to world markets • Revenue generating in the near term • To add value to the Group’s mineral projects • The discovery, acquisition and development of mineral
Slide 5: Fluorspar and Applications
Fluorspar and Applications • Fluorspar is the commercial name for the mineral fluorite, composed of calcium and fluorine (CaF2) • Fluorspar is the predominant commercial source for the chemical element fluorine • Fluorine is a non-metallic element and the lightest of the halogens and is therefore la
Slide 6: Fluorspar Market
Fluorspar Market • Major Producing regions: China (>50% world’s production); Mexico; Mongolia/CIS; South Africa; Vietnam • Major consuming regions (highest to lowest): China; North America; Europe; Mexico; Russia • Key western acid-spar consumers: Chemours, Honeywell, Solvay, Lanxess, Fluorsid, DDF,
Slide 7: Opportunity in Fluorspar
Opportunity in Fluorspar • Industry view (producers, end users, analysts): demand and price will increase in the medium to long-term • No large scale commercial alternative or recycling • Refrigeration – new generation of zero ozone depleting potential (ODP) and very low global warming potential (GW
Slide 8: Strategic Project Locations and Performance
Strategic Project Locations and Performance • Three 100% owned fluorspar projects strategically located in the USA and Europe • Maintained momentum with the development of its projects through the mining cycle in line with its aims and strategy • The Company has continued to increase its fluorspar M
Slide 9: Sweden - Storuman Fluorspar Project
Sweden - Storuman Fluorspar Project Excellent Location & Infrastructure • Adjacent to the main E12 highway • Storuman town and new bulk rail terminal – 25 km • Road and rail linked to Umeå Port – 240 km Umeå Lars Lind 9
Slide 10: Storuman Fluorspar Project
Storuman Fluorspar Project Positive Scoping Study – Scott Wilson • Low Capex: US$ 46 million • Average annual Turnover: >US$ 34 million • Pre-Tax NPV (8% coc): US$ 33 million • IRR (100% Equity): 24% • Payback: <3 years Post Scoping Study – Key Developments • 46 diamond core drill holes • 28% increa
Slide 11: Storuman Fluorspar Project
Storuman Fluorspar Project 2016 Highlights • 25-year Exploitation (Mine) Permit approved by the Swedish Mining Inspectorate (Bergsstaten) - Feb 2016 • Appeals lodged against Permit decision: Sami Reindeer Husbandry Community and Urbergsgruppen received by the Swedish Government • New case law for Sw
Slide 12: Norway - Lassedalen Fluorspar Project
Norway - Lassedalen Fluorspar Project Excellent Location & Infrastructure • 500 m from highway E134 & railway • 6 km from famous silver mining town of Kongsberg • 50 km from Port of Drammen • 80 km SW of City of Oslo 12
Slide 13: Lassedalen Fluorspar Project
Lassedalen Fluorspar Project History and Geology • Steeply dipping fluorspar vein system in 4 km long vein breccia zone • Drilled by Norsk Hydro in the 1970’s – 28 diamond holes • Proved vein over 2.7 km strike length • Open at depth and along strike 13
Slide 14: Lassedalen Fluorspar Project
Lassedalen Fluorspar Project Highlights • Positive Scoping Study (Wardell Armstrong International) – 2012 Base Case Extended Mine Case Tonnage Mined (Underground) 3.6mt @ 22.4% Fluorspar 4.5mt @22.4% Fluorspar Mining Rate 543,000 tpa 543,000 tpa Acid Grade Fluorspar production/year 100,000 tpa 100,0
Slide 15: USA - MB Fluorspar Project
USA - MB Fluorspar Project Nevada - Most Favourable Mining Jurisdiction in the USA • Located 19 km SW of Eureka, Eureka County, Nevada • 146 Mining Claims >2,800 acres on BLM land • Trans-national road and rail links, rail 161 km from the project location • 780 km to port of San Francisco • Road acc
Slide 16: MB Fluorspar Project 2013 – 2015 Milestones
MB Fluorspar Project 2013 – 2015 Milestones • Phase 1&2 drilling programmes 26 holes, 3220 metres • Large Maiden JORC Compliant Mineral Resource Estimate – completed April 2014 Classification Million Tonnes (Mt) Fluorspar (CaF2%) Indicated (8% CaF2 cut-off) 8.9 10.3 Inferred (8% CaF2 cut-off) 29.5
Slide 17: MB Fluorspar Project
MB Fluorspar Project MB Project - 3D Model Display Mineralisation at 9% Cut-off and Optimised Pitshell LELT | fits ;® | ie Sa / ey 17
Slide 18: MB Fluorspar Project
MB Fluorspar Project 2015/2016 Highlights & 2017 Targets1 • 166 line-km ground magnetic survey completed • Phase 4 drilling programme completed 4 percussion holes, 1,553 metres Significant lateral and depth extension of fluorspar mineralisation proven in the Western Area • Deposit and field appr
Slide 19: Future Revenue from Non-Core Projects
Future Revenue from Non-Core Projects Kaaresselkä & Kiekerömaa - Gold, Finland • Sale of two legacy gold assets in Finland to TSX-V listed Aurion Resources Ltd • Aurion is a Canadian listed (TSX-V: AU) exploration company primarily focusing on the development of its Finnish gold projects, several of
Slide 20: Investment Case
Investment Case • Tertiary Minerals plc - The only UK public traded company offering an exciting exposure to fluorspar – a strategic and critical mineral in the USA and Europe • Three 100% owned fluorspar assets strategically located in the USA and Europe: 13.1 million tonnes contained fluorspar (Ca
Slide 21: Thank You for Your Time and Support
Building a Strategic Position in the Fluorspar Sector THANK YOU FOR YOUR TIME AND SUPPORT Nominated Adviser & Joint Broker Joint Broker Tertiary Minerals plc S P Angel Corporate Finance LLP Beaufort Securities Ltd Richard Clemmey/ Ewan Leggat/ Elliot Hance Patrick Cheetham Lindsay Mair/Laura Harriso