WE RE ABOUT DELIVERY. Presentation to the ICE Presentation by Matt Parsons and Mark Pooleman March 2018

Transcription

1 WE RE ABOUT DELIVERY Presentation to the ICE Presentation by Matt Parsons and Mark Pooleman March 2018

2 . Sustaining the future. GLOBAL DEMAND DRIVERS FOR FERTILIZERS Global demand driven primarily by food, feed and fuel demand 53% Growth in middle class population between % World population expected to grow between % Increase in agricultural production required Fertilizers are fundamental to improving agricultural yields and addressing future imbalance between food demand and supply Notes: 1) According to United Nations (UN) Population Division. 2) According to the Organisation for Economic Cooperation and Development (OECD) to meet rising food demand. 3) According to the Food and Agriculture Organization (FAO). 4) Protein consumption increase per capita between (FAO). -15% Reduction in arable land from 2,100m 2 1,800m 2 per person by % Increase in meat demand to 130g per day by

3 WORLD S LARGEST & HIGHEST GRADE POLYHALITE RESOURCE Historical boreholes not drilled to depth of polyhalite resource Historical boreholes drilled through polyhalite General area of interest York Potash borehole Mineral transport system Resource area Polyhalite JORC reserve of 280 million tonnes and resource of 2.66 billion tonnes Notes: SM11 and deflections SM11A and SM11B completed. SM14 exploration completed. The general area of interest shown is a conceptual outline of where the Company currently holds mineral rights. 2

4 THE ATTRACTIONS OF POLY4 A SINGLE SOURCE OF BULK NUTRIENTS AS FOUNDATION FOR EFFECTIVE, EFFICIENT, FLEXIBLE AND SUSTAINABLE FERTILIZATION POLY4 characteristics Straight or as part of a fertilizer blend No negative effect on soil conductivity Low chloride Magnesium (MgO) 6% 14% Potassium (K 2 O) Does not change soil ph Calcium (CaO) 17% Micro nutrients: boron, zinc, manganese, selenium, iron, copper, strontium 19% Sulphur (S)* Notes: 1) Based on 90% polyhalite grade. Macro nutrients based on w/w5 and micro nutrients based on mg/kg; micro nutrients content: B 169, Zn 1.9, Mn 3.1, Mo 0.3, Se>0.5, FE>0.5, Cu 1.1, Sr ) POLY4 is the trademark name for polyhalite products from the Sirius Minerals polyhalite project in North Yorkshire, *48% SO 3. 3

5 DEVELOPMENT PLAN World class partners 4

6 RESOURCE, MINE LOCATION, SALES Acquisition of York Potash Project Exploration drilling commences Mine location announced Major offtake contract 1Mtpa for 10 years Defined polyhalite resource of 2.66 billion tonnes 5

7 CROP STUDIES, PLANNING AND FINANCING Impressive crop study results continue Planning approval for the mine site Secured Stage 1 financing 6

8 CONSTRUCTION STARTS, FUTURE PRIORITIES Construction starts Progress construction Sales agreements Stage 2 financing First polyhalite 7

9 ECONOMIC BENEFITS GENERATING AN ECONOMIC BOOST TO THE LOCAL, REGIONAL AND NATIONAL ECONOMIES Largest private sector investment in the North 3.2 billion capital investment Significant opportunities for the region 8

10 GIVING SOMETHING BACK Education Opportunities Increasing skills and aspirations Worked with over 70 schools 8,000 young people An independent charity Funding community projects 13 million per annum Apprentices Graduates Work experience 9

11 PLANNING COMMITMENTS 10

12 A NEW BENCHMARK IN SUSTAINABILITY Woodsmith Mine, North Yorkshire, UK Boulby Potash Mine, North Yorkshire, UK PotashCorp, Canada PotashCorp Rail Line, Canada Traditional approach to mining has historically been low cost, high impact 11

13 WOODSMITH MINE 12

14 WOODSMITH MINE - CONSTRUCTION SO FAR 13

15 T DIAPHRAGM WALLS 14

16 The 15 future of fertilizer. 15

17 STARTING THE SHAFTS - WOODSMITH Three hydro-cutter diaphragm walling rigs Foreshaft panels set to 60m deep 16

18 DOING THINGS DIFFERENTLY WINDER FOUNDATION HEADGEAR CHAMBER MAIN SHAFT DIAPHRAGM WALLS 17

19 DOING THINGS DIFFERENTLY SURFACE BUILDING WINDER HEADGEAR CHAMBER 18

20 FORESHAFTS AND SUNKEN HEADFRAMES 19

21 20 DIAPHRAGM WALLS KEY ENVIRONMENTAL CHALLENGES Control of Bentonite Losses to Ground Control of Groundwater Levels 20

22 The 21 future of fertilizer MAIN SHAFT SINK SHAFT BORING ROADHEADER 21

23 LOCKWOOD BECK CONSTRUCTION SO FAR 22

24 INTERMEDIATE ACCESS SHAFT SECTION Winder foundations Shaft Secant pile wall Freeze hole - 30 metres metres 23

25 SECANT PILE WALL 24

26 MINERAL TRANSPORT SYSTEM HIGH-CAPACITY CONVEYOR BELT SYSTEM IN A 37KM TUNNEL 2017 milestones Complete site preparation at Lockwood Beck Progress design Wilton Lockwood Beck 25

27 MATERIAL TRANSPORT SYSTEM TBM S 3 No TBM s Drive 1 EPB machine commencing 2018 Drives 2&3 Currently planned to be double shield machines starting

28 MATERIAL TRANSPORT SYSTEM 37KM Long Carries: Up to 20Mtpa Polyhalite Communications Cables Wastewater Main Power Supply for mine site (66kV) Conveyor Power Supply (11kV) Access/Maintenance Train 27

29 TUNNEL ALIGNMENT 28

30 SEISMIC WORK AND BOREHOLES 29

31 CONSTRUCTION METHODOLOGY 30

32 MATERIALS HANDLING AND HARBOUR SIMPLE AND COST-EFFECTIVE GRANULATION TO PRODUCT POLY4 Conveyor to port Expansion Development boundary 31

33 MATERIALS HANDLING AND HARBOUR 32

34 PORTAL AT MATERIALS HANDLING FACILITY SITE 33

35 THANK YOU Any questions? 34