Investor Presentaiton
Scoping Study Highlights
For personal use only
agrimin
Study delivered strong technical and economic
fundamentals
Average production rate of 370,000tpa of SOP over a
20 year life
Operating cost is estimated to be in the bottom quartile
of the industry mine gate cost curve
Development cost is estimated to have an industry low
capital intensity
Estimated to take 24 months to reach full production
after final investment decision and securing financing
Pre-Feasibility Study underway
Annual Brine Extraction Rate
Parameter
Scoping Study Material Assumptions and Outcomes
Unit
Value
Development Period
months
24
Operating Life
years
20
Brine Extracted Over Operational Life
GL
1,330
GL
66.5
Potassium Concentration
mg/L
3,603
%
69.3
tpa
370,000
US$/t FOB
256
Average All-In Sustaining Cash Cost (Exc. Royalties)
US$/t FOB
277
Development Capital Cost (Inc. Contingency of US$52m)
US$m
259
Potassium Recovery
SOP Production Rate
Average Total Cash Cost
1.
3.
5.
Average all-in sustaining cash cost does not include royalties as no income projections have been disclosed
Notes:
Development capital cost includes working capital, EPCM, owner's costs and a 25% contingency applied to all line items
2. Average total cash cost is on a free-on-board (FOB) basis, including mine gate costs, transportation and ship loading costs
Average total cash cost is based on drying, compacting and glazing all SOP production
Potassium recovery is the estimated overall recovery rate achieved through the ponds and process plant
USD/AUD exchange rate of 0.75 has been used to convert Australian dollar amounts to US dollars
7.
8.
9.
23456 1 ∞ σi
Potassium content can be converted to SOP using a conversion factor of 2.23 (i.e. SOP contains 44.87% Potassium)
Cost estimates have a ±35% level of accuracy
Information that relates to the Scoping Study has been extracted from the Company's ASX Release entitled Positive Scoping
Study for the Mackay SOP Project released on 23 August 2016
Investor Presentation | December 2016
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