Ana Sofia Joint Venture Project Overview

Transcription

1 Ana Sofia Joint Venture Project Overview Santiago del Estero Province, Argentina

2 Disclaimer This presentation and its appendices (together the Presentation ) have been prepared and delivered by Demetra Minerals Inc., ( Demetra, Centurion, or the Company ). The Presentation and its contents are strictly confidential and may not be reproduced or redistributed, in whole or in part, to any other person than the intended recipient. The Presentation is prepared for discussion purposes only. The Presentation does not constitute, and should not be construed as, any offer or invitation or recommendation to buy or sell any of the securities issued by the Company and does and will not constitute or form or be part of any offering material. The Presentation contains information which has been sourced from third parties believed to be reliable, but without independent verification. The Presentation contains certain forward-looking statements relating to the business, financial performance and results of the relevant issuers and/or industries and markets, including forward-looking forecasts that are based on geological estimates that are not NI compliant. These statements may contain words as will, expects, anticipates, believes, estimates and words of similar import. Any forward-looking statements and other information contained in this Presentation, including assumptions, opinions, forecasts and views, including those cited from third party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. As such by the nature of any forward looking statement, relying on such statements involves risk. This Presentation has not been reviewed or registered with any public authority, stock exchange or regulated market place. By attending or receiving this Presentation you acknowledge that you will be solely responsible for your own assessment of the information herein, the market and the market position of the Company and the relevant securities and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of any relevant investments. Neither the Company nor any subsidiary undertakings or any such person s affiliates makes any undertaking, representation or warranty (express or implied) as to the accuracy or completeness of the information (whether written or oral and whether or not included in this Presentation) concerning the matters described herein. Neither the Company nor any subsidiary undertakings or any such person s affiliates accepts any liability whatsoever as to any errors, omissions or misstatements contained herein and, accordingly, neither the Company nor any subsidiary undertakings or any such person s affiliates, officers, employees, accepts any liability whatsoever arising directly or indirectly from the use of this Presentation or the information included herein. The Presentation speaks and reflects prevailing conditions and views as of the date denoted on the cover page. It may be subject to corrections and change at any time without notice. Neither the Company nor any subsidiary undertakings or any such person s affiliates intend to, and neither the delivery of this Presentation or any further discussions with any recipient shall, under any circumstances, not create any implication that the Company assumes any obligation to, update or correct the information herein. Nor is this Presentation an implication that there has been no change in the affairs of the Company since such date. 1

3 Joint venture summary 50:50 joint venture Centurion (CTN) to issue up to 2MM shares to Demetra (DEM) as consideration for the JV interest CTN committed to fund up to $6MM USD, or commercial production DEM s current CEO will be appointed as a Director and COO of CTN JV Management Committee composition will be 3 CTN and 2 DEM Ana Sofia project operator will be DEM PROJECT HIGHLIGHTS Two mining concessions granted Environmental permit received Export permit received 50,000 tpa offtake agreement implemented 500 Ha exploration rights NI technical report in progress 2

4 Share structure 50:50 joint venture with amalgamation option included in JV agreement, with the following proposed capital structure: Description Financing Shares (MM) Centurion :50 JV to DEM *2.0 $0.10 raise (proposed) Up to $500, Sub-Total 28.4 Demetra (upon amalgamation) 23.5 *2MM shares issued to DEM for 50:50 JV are cancelled upon amalgamation Uses of funds will focus primarily on Ana Sofia resource delineation and estimation 3

5 Centurion (TSXV : CTN.V) (As at :26 EST) SOURCE: N.V#symbol=CTN.V;range=1d 4

6 Agricultural Gypsum industry overview 5

7 Gypsum Why gypsum? Improves soil structure Increased water penetration in soils allowing for greater root penetration Reduces salinity and harmful impediments to crop growth Greater fertilizer absorption Reduces soil compaction Reclamation saline agricultural land Increases crop yield by 10% - 40% Why now? Total agricultural production area in South Cone (Cono Sur) is 128+ million hectares Typical gypsum application is tons per hectares Reclamation application of gypsum is 5-10 tons per hectare Total market potential for agricultural gypsum is 250+ million tons per year 6

8 Competitive landscape Farmers frustrated with a lack of supply Artisanal miners undertaking small-scale production Demetra Minerals Inc. 7

9 * GREEN AREA DENOTES SOY BEAN PRODUCTION 8

10 Improving food security With global food demand increasing, growth rates in food production have consistently decreased. Gypsum could reduce this declining trend: Annual growth rate of world cereal production Crop Yield increase % with gypsum Cotton 37 Rice 16 Coffee 41 Sugarcane 11 Citrus 18 Maize 21 Soybean 24 Wheat 26 Source: Source: Technoagro SRL technical report 9

11 Demand and pricing Demand and pricing have both consistently increased over time 4,500 $90 4,000 $80 3,500 3,000 $70 Thousands 2,500 2,000 Argentina Paraguay Bolivia $60 1,500 Brazil $50 Powder 1,000 $40 Granular $

12 Company overview 11

13 Argentina Santiago del Estero Mine site Market Area 12

14 Regional geology 13

15 Exploration & mining blocks Property is adjacent to provincial highway Power line runs adjacent to highway and is 1.2 Km from proposed plant site 520 hectare land package 20 year provincial concession 50 hectare mining permit 470 hectare exploration permit* *Application pending approval Demetra Minerals Inc. 14

16 Mining permit area Demetra Minerals Inc. 15

17 Stratigraphic detail 16

18 Stratigraphic detail 17

19 Stratigraphic detail 18

20 DECEMBER 2015 SITE VISIT Demetra Minerals Inc. 19

21 Site preparation The processing plant location is ready for construction with site clearing, leveling, and compaction having been completed. Prestripping of potential open pit operation has commenced. 20

22 Processing plant Simple processing: Extract, Crush, Bag, Load Plant: 120,000 tpa, fully designed and costed Finished goods silos (Phase II) Primary crusher Secondary crusher Screener 21

23 Plant - Key elements Local Argentine equipment Covered plant Concrete pad for plant Automated bagging system Covered area for finished goods Dust collection HVAC system Employee facilities and other EH&S amenities 22

24 Transportation and logistics Ana Sofia s agricultural gypsum production will be transported via truck to fertilizer distributors 23

25 Leadership team Centurion Minerals (Vancouver) David Tafel President & CEO, Director Ken Cawkell Director Stephen Wilkinson Director Joseph del Campo Director Demetra Minerals (Vancouver) Gregg Jensen President & CEO, Director Jeremy Wright, CPA, CMA CFO Dr. Patrick Moore, PhD Director James Defer, CBV, CPA, CA Director Demetra Minerals (Argentina) Sebastián Cattáneo COO, EVP, Director Fernando Bacot VP Business Development 24

26 Long-term company vision Blending plant Land recovery and soil desalination Integrated aggregate production Ana Sofia plant expansion Geographic expansion 25

27 Summary The Company s objective is to be South America s largest near-term producer of agricultural gypsum. Keys to success include: A leadership team with extensive gypsum and South American experience Significant political change in Argentina opening the economy to improve investment in mining and exploration Regulatory changes in South America driving increased demand for agricultural gypsum Continued global population increases demanding increased food production. 26

28 CONTACT: Demetra Minerals Inc. Gregg Jensen, President, CEO (604) Centurion Minerals Inc. David Tafel, President, CEO (604)