Investor Presentation | Diggers & Dealers Mining Forum 2017 slide image

Investor Presentation | Diggers & Dealers Mining Forum 2017

3. 1,500 1,250 1,000 750 500 250 Forecasted to have industry low capex & opex... ➤ Industry low capital intensity of US$700/t, making the Project an attractive development proposition Capital Intensity for SOP Development Projects (US$/t) Bottom quartile cost, providing an opportunity to displace high-cost production from the Mannheim Process SOP Seaborne Cost Curve (US$/t FOB) Highfield Resources Danakali Phase 1+2 Agrimin Danakali Phase 1 ICL Australian Potash Reward Minerals Salt Lake Potash Yara Crystal Peak Minerals Potash Ridge Verdant Minerals Circum Minerals 1. Graph compiled from capital cost information sourced from company scoping and feasibility studies 2. Included 25% contingency to the capital costs reported in the LD Scoping Study of April 2015 and Wells Scoping Study of August 2016 to normalise metrics Investor Presentation | Diggers & Dealers Mining Forum 2017 USD/AUD exchange rate of 0.75 has been used to convert Australian dollar amounts to US dollars 1. 2. 300 200 100 0 Agrimin 700 Estimated In-Land Transport Cost Export Tariff 600 500 400 1. SDIC Bindi K+S Other European Tessenderlo Migao Mannheim Production Other Asian Estimated total annual production in 2016 was 7Mtpa Graph compiled from information sourced from company reports and research undertaken by Agrimin Compass 22 22 agrimin
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