Turnstone Resources Ltd · ASX:TSR
Turnstone Resources — Davenport Resources — Investor Presentation (February 2020)
18 slides from Turnstone Resources's investor presentation, February 2020
Slide 1: Corporate Presentation February 2020
Corporate Presentation February 2020 DEVELOPING WESTERN EUROPE’S LARGEST POTASH INVENTORY © Davenport Resources Ltd. www.davenportresources.com.au
Slide 2: Disclaimer
DISCLAIMER Davenport Resources Limited (“Davenport”, “DAV”, “The Company”) has issued this Presentation for informational purposes only. It is not intended to, and does not, constitute specific advice to any particular party or person. The information in this presentation is based on publicly availa
Slide 3: Introducing Davenport
INTRODUCING DAVENPORT Davenport has assembled a potash portfolio comprising several, stand-alone projects on a long-established potash field based in the heart of Germany. Davenport is Tier 1 location in Potash market Backed by European-based developing South Harz, accelerating with strategic manage
Slide 4: Potash Overview
POTASH OVERVIEW Potash is a key source of Potassium: One of the three primary macronutrients Potassium (K) Potassium, Nitrogen and Phosphate are • Improves plant’s durability and resistance to necessary for plant growth and cannot be drought, disease, weeds, parasites and cold weather replaced H2O O
Slide 5: Types of Potash
TYPES OF POTASH Davenport is focused on MOP, SOP and Magnesium Sulphate Muriate of Potash (“MOP”) Sulphate of Potash (“SOP”) • Most common form of potassium fertilizer SOPM • 50% K2O and 17.5% sulphur content SOP NOP 1.3 Mt 6.0 Mt 1.4 Mt • Also known as KCl (Potassium Chloride) 60% K2O 2% • Used pri
Slide 6: One Solution for Two Significant Global Issues
ONE SOLUTION FOR TWO SIGNIFICANT GLOBAL ISSUES POPULATION GROWTH LAND AVAILABILITY The world’s population is set to increase to 9 Arable land per person continues to billion by 2050, massively increasing food dramatically decrease as food demand increases demand 4500 2400 1800 1960 2005 2050 Potash
Slide 7: Fundamentals to Drive Demand and Price Increase
FUNDAMENTALS TO DRIVE DEMAND AND PRICE INCREASE Global MOP demand is expected to Prices are forecast to be upheld at current increase steadily to 88 Mt by 2033 levels and rise over the next ten years. Demand being driven by population Significant growth will be seen from both increases and changing
Slide 8: Global Production and Sales 2018
GLOBAL PRODUCTION AND SALES 2018 22.4Mt Current production is heavily 12.2Mt 10.7Mt concentrated in Canada 16.8Mt 11.2Mt 5Mt 2.7Mt 7.5Mt Western Europe remains a significant net importer 3.8Mt 5.7Mt 7Mt South Harz located near key European and developing agricultural markets 12Mt Country Production
Slide 9: Board and Management Specialising in Potash
BOARD AND MANAGEMENT SPECIALISING IN POTASH Pat McManus Dr Chris Gilchrist Dr Reinout Koopmans Rory Luff Hansjörg Plaggemars Chairman Managing Director Non-Exec Director Non-Exec Director Non-Exec Director Founder of BW Equities and Mineral processing engineer A Mineral Engineer with more Dr Koopman
Slide 10: Historically Significant Potash Producing Region
HISTORICALLY SIGNIFICANT POTASH PRODUCING REGION Davenport owns three perpetual mining licenses and two exploration licenses covering 659 km2 in the South Harz potash basin in central Germany. South Harz has a long history of potash production in which 181.7 Mt potash has been mined since the 1890’s
Slide 11: South Harz Potash Projects
SOUTH HARZ POTASH PROJECTS South Harz Projects comprise of a portfolio of 3 Mining Licenses and 2 Exploration Licenses. Davenport now controls JORC Inferred Resources of over 5.3 billion tonnes @ 10.8% K2O Mülhausen – Keula – Küllstedt Ebeleben • 2.7 Bt resource containing 290 Mt K2O also • 577 Mt r
Slide 12: Excellent Scoping Studies Point to Ohmgebirge as the Starter-Project
EXCELLENT SCOPING STUDIES POINT TO OHMGEBIRGE AS THE STARTER-PROJECT Davenport has completed preliminary scoping A FEASIBILITY STUDY FOR studies for the Mulhausen-Keula and Ohmgebirge SCOPING STUDY SUPPORTS OHMGEBIRGE WILL COMMENCE licence areas with potash consultancy K-Utec. POTENTIAL FOR LOW-COST
Slide 13: Davenport's Fast-Track Path to Permitting
DAVENPORT’S FAST-TRACK PATH TO PERMITTING With perpetual mining licences already secured, Davenport enters the process at an advanced stage. Project Description & Regional Planning Preliminary Impact Application Analysis Economic TLBA Final Operating Exploration Mining Licence Operating Plan Approva
Slide 14: Timeline to Production
TIMELINE TO PRODUCTION Definition of Incorporation of Project JORC Project partners financing Resources 2017 2019 Late-2020 2021-2023 Productio n 2018 Early-2020 2021 License Completion of Completion of Construction acquisition Economic Studies Feasibility studies © Davenport Resources Ltd. www.dave
Slide 15: A Compelling European Potash Opportunity
A COMPELLING EUROPEAN POTASH OPPORTUNITY Davenport’s potash strategy presents an attractive investment opportunity as the growing world population demands an increasing amount of high-quality food products High-quality projects in historic potash Low-risk jurisdiction in Germany region Regional gove
Slide 16: Corporate Overview
CORPORATE OVERVIEW SHARE PRICE PERFORMANCE CAPITAL STRUCTURE 900000 $0.09 Shares on issue 166.76m Options 56.68m 675000 $0.07 Share price $0.031 Thousands Market cap (fully diluted) $6.9m 450000 $0.05 Cash as at 31st Dec 2019 $0.48m 225000 $0.02 SUBSTANTIAL HOLDERS % Parkway Minerals 20.8% 0 $0.00 D
Slide 17: Investor & Media Enquiries
17 INVESTOR & MEDIA ENQUIRIES Dr Chris Gilchrist - Managing Director Nathan Ryan Davenport Resources Ltd NWR Communications +353 41 988 3409 +61 420 582 887 [email protected] [email protected] u © Davenport Resources Ltd. www.davenportresources.com.au 17 www.dave
Slide 18: Total JORC Inferred Resources
TOTAL JORC INFERRED RESOURCES HORIZON TONNAGE (MT) K2O % K2O (MT) EBELEBEN Sylvinite 324 15.6 50 Carnallitite 253 7.5 19 MŰHLHAUSEN KEULA Sylvinite 834 12.1 101 Carnallitite 296 8.2 24 MŰHLHAUSEN NOHRA-ELENDE Sylvinite 101 14.2 14 Carnallitite 1,597 9.4 150 KŰLLSTEDT Sylvinite 333 13.0 43 Carnalliti
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