Investor Presentaiton
World-class project attributes
Tier-1 scale with modular expansion potential
Resource size directly comparable to BHP's Operator
SOUTHHARZ
POTASH
SOUTHHARZ
POTASH
EMMERSON PLC Highfield ①
BHP
Resources
☐
☐
Jansen project
Very high proportion of Sylvinite ore
Resource grades equivalent to Highfield's
Muga project
Status
Benefiting from an extensive geological
data set from over 300 boreholes providing Drillholes
detailed Resource understanding
European focus complementary to, rather
than competing with, future Jansen supply
■ Attributes and proximity of mining licences
provide staged development optionality
Source: BHP Jansen briefing retrieved 23 February 2023 from
https://www.bhp.com/-/media/project/bhp1ip/bhp-com-
en/documents/investors/presentations/2021/150921_jansenbriefing.pdf and
Highfield ASX announcement "Annual Report to Shareholders", dated 30 March
2021 and "Muga Feasibility Study: Compelling Economics Reconfirmed", dated 3
November 2022.
1.
SHP Ohmgebirge flagship project total Mineral Resource Estimate 338Mt at
12.91% K20 for 44Mt K₂O, Sylvinite comprises 290Mt at 13.47% for 39Mt K₂O,
refer to slide 23 for full details
2.
EUR 662M @ EURUSD: 1.064
3.
EUR 91/t @ EURUSD: 1.064
4.
Jansen stage 1
Resource (Mt)
Ownership
Country
Project
100%
100%
100%
100%
Germany
Morocco
Spain
Canada
South Harz
Khemisset
Muga
Jansen
Scoping
FS
PFS
DFS
308
142
40
50
5,281
537
282
Measured: Indicated: Inferred (ratio)
0:5:95
0:70:30
37:48:16
6,510
80:0:20
Total resource K₂0 grade (%)
Flagship project K₂O resource grade (%)
10.8%
9.2%
11.6%
25.6%
12.9%1
9.2%
11.6%
25.6%
Project capacity (ktpa MOP)
Pre-production capex (US$M)
1,000
735
1,000
4,3504
620
411
7042
5,7004
Net cash operating cost (AISC, US$/t)
93
158
993
1154
Conventional UG
Conventional UG
Conventional UG
Conventional UG
220 km
1,500 km
Americas, India
and Asia
Mine type
Overland distance to target markets
and/or export port
Target markets
0 - 300 km
Europe and
South America
200 km
Europe, South
America and Africa
Europe and
South America
AUGUST 2023
INVESTOR PRESENTATION
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