Turnstone Resources Ltd · ASX:TSR
Turnstone Resources — South Harz Potash — Investor Presentation (February 2025)
17 slides from Turnstone Resources's investor presentation, February 2025
Slide 1: A World-Class Brownfield Potash Project
A WORLD-CLASS BROWNFIELD POTASH PROJECT WITH SIGNIFICANT DEVELOPMENT GROWTH OPTIONALITY ASX: SHP | February 2025 ASX: SHP | February 2025 A WORLD-CLASS BROWNFIELD POTASH DEVELOPMENT 1
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS This presentation (Presentation), together with any information communicated by South Harz Potash Limited ACN 153 414 express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, 852 (the Company, SHP or Sou
Slide 3: A Highly Compelling Natural Resources Investment Opportunity
World-class brownfield potash project with significant development growth optionality A HIGHLY COMPELLING NATURAL RESOURCES INVESTMENT OPPORTUNITY Strategic central German location with access to established road, rail and port infrastructure Vast tenure of 659km2 comprising three perpetual potash m
Slide 4: South Harz Potash company and project overview
Scale, location and an existing operation presents a once-in-a-generation natural resources opportunity South Harz Potash is a potash exploration Sollstedt mine purchase GERMANY and development company with a large-scale Mineral Resource endowment across five N Ohmgebirge wholly-owned project develo
Slide 5: New Sources of Potash Needed for Food Security
Muriate of Potash | Tightening supply and growing agricultural demand driving long-term potash price upside ▪ European MOP prices forecast to increase in the long MOP PRICE FORECAST (REAL, 2023) (US$/TONNE)1,2 term due to tightening supply relative to global demand. NW Europe FOB SHP AISC (Gross) SH
Slide 6: Corporate overview
Corporate overview CAPITAL STRUCTURE (ASX: SHP) SHAREHOLDER SUMMARY Share price (14 February 2025) A$0.01 Europe and the U.K. : 31% Shares on issue 1,053M 57.0% Rest of the World : 2% Options and Performance Rights 150.5M 31.0% Market capitalisation (undiluted) A$10.5M Directors and Management : 10%
Slide 7: Advancing a world-class brownfield potash development
Advancing a world-class brownfield potash development A B C SOLLSTEDT: OHMGEBIRGE: FUTURE UPSIDE: TRANSFORMATIONAL A WORLD-CLASS BROWNFIELD EXTENSIVE SYNERGY FUTURE ACQUISITION OF POTASH DEVELOPMENT OPPORTUNITIES MINE & INFRASTRUCTURE ▪ Neighbouring mine with multiple ▪ Proximity to market drives st
Slide 8: A Transformational Sollstedt Acquisition
A TRANSFORMATIONAL SOLLSTEDT ACQUISITION Existing Sollstedt shaft infrastructure proximal to Ohmgebirge and Mühlhausen-Nohra deposits GERMANY Ohmgebirge SHP Mining Licence Sollstedt Sollstedt Mining Licence Mined area Operating shaft Closed shaft Motorway Kraja I and II Federal road Railroad Shaft a
Slide 9: A Transformational Sollstedt Acquisition: key assets
A TRANSFORMATIONAL SOLLSTEDT ACQUISITION Future acquisition of key assets improves potential project scale and overall development opportunity ▪ Shaft Infrastructure: Four open shafts for access, hoisting and/or ventilation ▪ Unused Mine Voids: Providing approx. 2.2 million m3 for waste backfill ▪ L
Slide 10: Pre-Feasibility Study outlines a globally significant brownfield potash development
B WORLD CLASS BROWNFIELD POTASH DEVELOPMENT Pre-Feasibility Study outlines a globally significant brownfield potash development KEY PRE-FEASIBILITY STUDY OUTCOMES1 OHMGEBIRGE Mineral Resource Estimate (March 2024)1 SEAM CATEGORISATION TONNES (Mt) K2O (%) K2O (Mt) Initial life-of-mine Years 19 Sylvin
Slide 11: Low-risk, low-impact development footprint with highly sustainable operations
B WORLD CLASS BROWNFIELD POTASH DEVELOPMENT Low-risk, low-impact development footprint with highly sustainable operations Zero waste piles on surface: no tailing facilities Zero industrial water discharges: no brine waste Low surface footprint and no major protected areas impacted Proximity
Slide 12: Transparent, well-administered approval process
B WORLD CLASS BROWNFIELD POTASH DEVELOPMENT Transparent, well-administered approval process – Stage 1 assessment achieved 1 2 3 AND 4 SITE FRAMEWORK OPERATING APPROVAL OPERATING PLAN APPROVAL + SPECIAL COMPLETE APPROVAL APPROVAL REGIONAL AND SPATIAL PLANNING AND BUILD PARALLEL APPLICATION FOR PLANNI
Slide 13: Outstanding central German location with established infrastructure
B WORLD CLASS BROWNFIELD POTASH DEVELOPMENT Outstanding central German location with access to established road, rail and port infrastructure South Harz Potash Port of Antwerp Port of Bremerhaven Port of Hamburg Port of Rostock Zielitz Mine 500 km radius from Ohmgebirge K+S underground mining capaci
Slide 14: Market strategy optimised for seasonal demand patterns
B WORLD CLASS BROWNFIELD POTASH DEVELOPMENT Market strategy optimised for seasonal demand patterns and typical intra-year relative price movements PRODUCT MIX AND SALES DESTINATION STRATEGY LOM PRODUCT MIX AND REGIONAL SALES STRATEGY ▪ Balances market fluctuation: Regional sales SMOP K60 - NW Europe
Slide 15: Extensive Further Upside and Synergy Opportunities
C EXTENSIVE FURTHER UPSIDE AND SYNERGY OPPORTUNITIES Combination of perpetual mining tenure and extensive historical drilling database holds significant latent value ▪ Ohmgebirge tenement and immediate surrounds contain 41 historical drill holes Ohmgebirge ▪ Broader South Harz Project contains 308 h
Slide 16: Next steps in advancing as a lean, focused potash developer
Next steps in advancing as a lean, focused potash developer ▪ Secure strategic development partner / cornerstone investor(s) ▪ Complete binding agreements with Deusa for the Sollstedt mine purchase ▪ Investigate value engineering opportunities including Sollstedt synergies ▪ Progress Ohmgebirge perm
Slide 17: Explore the Ohmgebirge Development
Explore the Ohmgebirge Development, including potential upside opportunities in visual detail at this LINK: southharzpotash.com/projects/ohmgebirge-2/ ASX: SHP | February 2025 ASX: SHP | February 2025 A WORLD-CLASS BROWNFIELD POTASH DEVELOPMENT 17
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