Top Banner
ASX ASX: KOR www.korab.com.au Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman
19

ASX : ASX : KOR Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

Apr 01, 2015

Download

Documents

Taylor Stamper
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORwww.korab.com.au

Australasian Fertiliser Briefing

Sydney, 24-25 September 2009

Australasian Fertiliser Briefing

Sydney, 24-25 September 2009

Andrej Karpinski – Executive ChairmanAndrej Karpinski – Executive Chairman

Page 2: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR2 www.korab.com.au

Important Information

This presentation has been prepared by Korab Resources Limited (“Korab” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Korab and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities. The information contained in this presentation has been prepared in good faith, however, no representation or warranty, express or implied, is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. It is believed that the expectations reflected in these statements and opinions are reasonable but may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, production results, reserve estimates, loss of market share, industry competition, environmental risks, physical risks, legislative, fiscal regulatory developments, economic and financial market conditions in various countries and regions, political risks, project approvals delays and cost estimates. To the maximum extent permitted by law, Korab, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use of, or reliance on, anything contained in or omitted from this presentation. Certain information in this presentation refers to the intentions of the Company, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Korab’s actual results, performance, or achievements to differ from those referred to in this presentation. The presentation contains only a synopsis of more detailed information published in relation to the matters described in this document and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information and to do so could potentially expose you to a significant risk of financial loss or incurring by you of additional liability. Recipients of this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described in this document. In particular any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and you should satisfy yourself in relation to such matters. The drilling and equipment featured in this presentation is generally not the property of the Company.

Page 3: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR3 www.korab.com.au

Organic Farming and Environment

“Protecting the safety of our food .. is one of the most fundamental responsibilities government has..”

US President Obama

"Assisting organic producers is a priority of the Obama administration..”

Agriculture Deputy Secretary Kathleen Merrigan

Page 4: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR4 www.korab.com.au

Overview

ASX code: KOR

Issued capital: 68M

Top 20: 63%

Directors: Andrej KarpinskiExecutive Chairman

John McKenzieNon Executive Director

Rodney Skeet Non Executive Director

Page 5: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR5 www.korab.com.au

52 Week Price History

Page 6: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR6 www.korab.com.au

Company Profile

Korab Resources Ltd was listed on ASX in August 2005 and trades on ASX and Berlin Stock Exchange

Korab operates organic rock phosphate, gold, silver, and magnesium projects in Australia and Europe

Korab's is developing its mining assets into a low-to-medium cost operations with a potential for long mine life

GeolSec phosphate rock deposit located 65 km south from DarwinCurrently in permitting process, marketing of product commenced, mining to commence in 2010*

Bobrikovo gold and silver mine located in eastern Ukraine Currently in operation, pre-strip completed, mining to commence in August 2009

Melrose gold deposit located 40 km east from Bronzewing mineCurrently in mine planning stage, scoping study completed, mining to commence in 2011

* Subject to receiving permits and approvals

Page 7: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR7 www.korab.com.au

Strategy & Objectives

Establish Korab as a low cost niche operator in sectors with strong historical growth and a continuing long term growth potential

Organic phosphate rock - growing demand for organic produce, concerns over water pollution and soil salinity

Gold – growing demand from India and China, declining mine production

Magnesium – growing demand for light-weight alloys, steel, advanced aerospace designs and missiles, lighter cars, fire proof building materials, super-conductive magnets

Focus on projects with:

low CAPEX, low start-up costs and low working capital needs

Located near existing infrastructure (mills, ports, rail, power, water)

Page 8: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR8 www.korab.com.au

Planned Operations

Rock phosphate quarrying @ GeolSec in 2010(feasibility study completed, currently in permitting process)

Gold/silver mining @ Bobrikovo in 2009(BFS, prestrip and site works completed)

Gold mining @ Melrose in 2011(scoping study completed, pit design completed)

Magnesite mining @ Winchester (Batchelor project) in 2012*(BFS, test mining, pilot plant processing completed)

* Subject to funding

Page 9: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR9 www.korab.com.au

GeolSec Phosphate Logistics

100% owned by Korab

Located 65 km south of Darwin.

9 km from Stuart Highway and Darwin-to-Adelaide rail line

Quarrying, transport and processing costs under $100/t

Projected selling price around $500/t

Good local demand for direct-application ground-up phosphatic rock

Good profit margin with < $1 million CAPEX

GeolSec

Page 10: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR10 www.korab.com.au

GeolSec Phosphate Logistics

Page 11: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR11 www.korab.com.au

GeolSec Phosphate Logistics

Page 12: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR12 www.korab.com.au

GeolSec Phosphate

Elevated location => production possible during both dry and wet seasons

Phosphate starts at surface and continues to 70 m depth

Surface quarrying - low cost, low environmental impact,

No processing other than grinding and bagging.

Large local market and rapidly growing sector with long term growth potential

Page 13: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR13 www.korab.com.au

GeolSec Phosphate Operations

Low environmental impact

Local grinding mill available

Campaign operation: 3-4 months

Production start: 2010*

1st year output: 15KT

1st year pre-tax profit: $5-6 million

EPS = 8 cents (1st year)

Start-up costs: $300k-$500k

* Subject to approvals and permits

Page 14: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR14 www.korab.com.au

GeolSec Phosphate Progress

Page 15: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR15 www.korab.com.au

GeolSec Phosphate – Organic Farming

Organic farming is the fastest growing sector of agriculture.

It also has shown to be immune to the recent economic and financial crisis.

In 2008/2009 year organic farming sector in United States has grown at an annual rate of 17%

Australia has 42% of global organic farmland

Australia is main supplier of organic produce to Asian markets

Page 16: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR16 www.korab.com.au

GeolSec Phosphate Benefits

High specific gravity => easy, low cost aerial application

GEOLSEC phosphate is a source of several nutrients other than P.

Other phosphates are applied to replenish the soil P status, but GeolSec also provides other nutrients present in this phosphate rock.

Multiple use of GeolSec rock restores and rebuilds soil quality reducing need for artificial fertilisers and improving their performance

Page 17: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR17 www.korab.com.au

GeolSec Phosphate Benefits

Can be used on certified organic farms

Has lower input cost per unit of P than soluble phosphatic fertilisers

Improves carbon balance in the soil restoring its quality and fertility

Does not leach into ground water or rivers = no algal bloom & no soil salinity problems

Supplies microelements to soil and rebuilds its quality to pre-cultivation levels

Page 18: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR18 www.korab.com.au

GeolSec and Environment

No chemical pollution

No leaching into ground water

No phospho-gypsum contamination

No carbon emissions

No environmental degradation

Better food quality

Better soil quality and fertility

Better nutrition

Page 19: ASX : ASX : KOR  Australasian Fertiliser Briefing Sydney, 24-25 September 2009 Andrej Karpinski – Executive Chairman.

ASXASX:: KORASXASX:: KOR19 www.korab.com.au

Contact Korab

Website www.korab.com.au

Telephone+61 8 9474 6166

Fax +61 8 9474 6266

Email [email protected]

Mail PO Box 195, South Perth, WA, 6951AUSTRALIA