The Africa Challenge – Khemisset Potash Project

INVESTMENT HIGHLIGHTS US$1.4bn After Tax NPV8 at 2020 prices Potash: Long-term demand growth Medium term supply security 区 Highest Standards ESG Compliance Supportive Jurisdiction Morocco attractive for mining and foreign investment Lowest Quartile Technical expertise Cost Base 19 Year Mine Life With opportunity to expand to > 30 years Experts in building and running underground potash mines 圈 Contribution to Morocco 2,385 jobs created and US$4b+ total investment over LoM 20

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