Prescient presentation - Petmin

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NAIC 36 Note 1 • Phase 1 – US$1.5 million invested. Committed to a drilling programme to drill up to 1 300m • Phase 2a – US$2 million invested. Committed to a drilling programme to drill a further 2 000m, Aeromags/Lydar, Lab analysis, ore dressing studies, melt test studies, environmental scoping, appointment of project manager and agreement with technical partners on melt test work • Phase 2b – US$1.5 million to be invested. Exploration programme includes bulk sample, melt test, initiate PFS, on-going drilling, environmental permitting and communications • Outcome of phase 1, 2a and 2b is a 20 years measured and indicated resource and satisfactory conclusion of the concentrate test work, production, melt test, initiation of environmental permitting and initiation of PFS Note 2 • Phase 3 (a, b & c) – US$20 million to be invested (3a: $6 million, 3b: $6 million and 3c: $8 million) is the Bankable Feasibility Study (BFS) phase and Petmin will only proceed with the investment of the US$20 million on satisfactory outcome of phases 1, 2a and 2b …A STRONG …Committed PLATFORM to growth, FOR …exceeding dedicated FUTURE to expectations value GROWTH
NAIC 37 Executive Summary • Commodity – pig iron fits within Petmin’s strategy of investing in ‘urbanisation’ commodities and more specifically the steel value chain. • Market – since our investment pig iron prices have increased for $450/t to over $500/t – long term prognosis remains positive despite current volatility (average Pig Iron Price for the last 6 months has been >$500). • Current estimates for NAIC’s cost of production are $260/t against a Q32011 Producer Median of $507/t. • At current pricing project has a real NPV10 of >$500m (Phase 1 ~550ktpa). • Significant competition for smelting plant location (Pennsylvania, Quebec, Louisiana, Labrador) means substantial financing, electrical tariffs and tax incentives are a reality. Initial discussions have been held with all provinces. • Exploration has made good progress with >4500m’s drilled since Petmin’s investment in October 2010. • >480/1370 samples of phase have been reanalysed – results are in line with original expectations at Heavy Mineral % of ~9% and useable Fe minerals (Magnetite, Titanomagnetite and Ilmenite) at ~50% of the HM’s. • Maiden resource announcement aimed for January 2012. • Metallurgically we have produced a viable concentrate with magnetic separation only (optimisation is still required) • Plans for a bulk sample to be fed through a pilot plant – Ordering of major equipment for the pilot plant has begun. • Discussions have been held with Tenova to carry out a conceptual study for the smelting plant – their proposal has been received. The work completed to date has confirmed our belief that this a real project with the potential to be a significant business. …Committed …A PLATFORM to growth, FOR dedicated GROWTH to value
Page 1 and 2: 1 Prescient Presentation The upside
Page 3 and 4: 3 Disclaimer No representation, war
Page 5 and 6: 5 Petmin’s share price outperform
Page 7 and 8: Current overview of Petmin 7 Red Cr
Page 9 and 10: 9 Significant upside potential as a
Page 11 and 12: Petmin Board and management governa
Page 13 and 14: Urbanisation and infrastructure Los
Page 15 and 16: Urbanisation has a double effect on
Page 17 and 18: The effect of urbanisation and infr
Page 19 and 20: Our strategy is based on key pillar
Page 21 and 22: Petmin valuation curve - Huge optio
Page 23 and 24: Investor presentation - 14 November
Page 25 and 26: Somkhele anthracite mine 25 More th
Page 27 and 28: Somkhele anthracite mine 27 …A ST
Page 29 and 30: 29 Performance Summary 2010 and 201
Page 31 and 32: Sale of SamQuarz silica mine 31 Pet
Page 33 and 34: Comprehensive and aggressive Petmin
Page 35: NAIC 35 …A STRONG …Committed PL
Page 39 and 40: NAIC 39 Metallurgy • Ore dressing
Page 41 and 42: NAIC 41 Example of Drill Core Recon
Page 43 and 44: Iron Ore - Mount Ginka, Liberia 43
Page 49 and 50: Red Crescent Resources (RCR) and Si
Page 51 and 52: SIVAS 51 Note 1 • Phase 1 - Measu
Page 53 and 54: SIVAS $ 1.40 $ 1.20 $ 1.00 $ 0.80 $
Page 55 and 56: Petmin holds a 25% interest in Vere
Page 57 and 58: Petmin value curve - Veremo 57 …A
Page 59: Significant upside potential as at

Prescient presentation - Petmin

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