For personal use only (P) PHOSPHATE HARVEST MINERALS Developing Fertiliser Projects DEVELOPING FERTILISER PROJECTS TO MEET THE GROWING DEMAND IN BRAZIL AND THE WORLD. Corporate advisor: Investor Presentation December 2014 Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 Introduction For personal use only Right commodities, Right location, Right time EXCITING OPPORTUNITY Drill ready potash targets in known salt layers at the Company’s 100% owned Capela Project. Recently completed 3D seismic at the Capela Project has confirmed potential salt layers at shallow depths of 235 - 325 meters. Substantial land holding showing strong indicators of phosphate at the Company’s 100% owned Arapua Project. Granted exploration licenses and work programmes commenced. IDEAL LOCATION Brazil is the largest potash importer and the third largest potash consumer in the world. 90% of potash is imported and the remaining 10% is produced by Vale on adjacent block to the Company’s Capela Potash Project. Fertilizer demand in Brazil is estimated grow twice as fast as overall global demand from now until 2025. All projects are ideally situated close to existing infrastructure and demand. PROVEN MANAGEMENT TEAM WITH TRACK RECORD IN BRAZIL AND FERTILISERS Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 What is Potash(K) ? For personal use only Potash (K) is one of the three primary nutrients (N, P, K). Potassium (K) is a soft and light alkali metal of a silver-white colour. Sylvite and carnallite are the two minerals with the highest concentration of potassium. 95% of potash is used for fertilisers. Most crops need potassium (K) more than any other nutrient elements. PHOSPHATE (P) Plays a key role in root development. POTASH (K) Improves plant durability resistance to drought, diseases, parasites and cold weather. Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 What is Phosphate(P) ? For personal use only Phosphate (P) is also one of the three primary nutrients (N, P, K). Phosphorus (P) is essential to a plant’s growth, its functions cannot be performed by any other nutrient, and an adequate supply of P is required for optimum growth and reproduction. 86% of phosphatic rocks are used in fertiliser manufacturing. Phosphorus is a major nutrient required by crops in relatively large amounts. Brazil is one of the largest users of phosphate and accounts for 80% of Latin American consumption. Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 GROWING POPULATION NEEDS HIGHER CROP YIELDS DEMAND FOR GRAIN UP, SPACE TO CULTIVATE IS SHRINKING 10 0.28 Arable land per person 9 8 7 6 5 4 3 0.26 0.24 0.22 0.20 0.18 2 1 FOOD CONSUMPTION IS INCREASING 2050 2040 2020 2010 INCREASING BIOFUEL PRODUCTION 250 Dairy Billions of litres 1200 Meat 2000 1990 2050 2040 2030 2020 2010 2000 1990 1980 1970 1960 1950 0.16 1000 800 600 400 200 150 100 50 200 0 2040 2030 2020 2010 2000 1990 1980 1970 1960 0 1950 million tonnes Population in billions For personal use only Global growing demand for fertilisers 2006 2008 2010 2012 2014 2016 2018 2020 Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 Brazil is the world’s fastest growing fertiliser market Harvested area in hectares 180000 160000 Production in tonnes 140000 120000 100000 80000 60000 40000 20000 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2001 2000 1999 1998 1997 1995 1994 1993 0 1992 World leader in ethanol production from sugar. 200000 1991 Brazil’s soils are potassium deficient and the crops grown require potash nutrients. BRAZIL IS ON TRACK FOR GROWTH Harvested area VS Production 1990 The world’s biggest exporter of five internationally traded crops and number two in soyabeans and maize. 100 hectares / ‘000 tons of production For personal use only Fertiliser demand in Brazil will grow twice as fast as overall global demand. Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 Huge local market to meet and supply For personal use only Brazil imports 90% of its potash and 51% of phosphate consumption. Over the last 15 years Brazil’s crop revenue has risen from US$23bn to US$126bn and is estimated to increase a further 40%. The Government of Brazil is supporting the development of potash projects to decrease its dependance on imports. Ready access to ports, rails and roads to meet local and international growing potash demand. BRAZILIAN FERTILISER INDUSTRY SUPPLY Import VS Production 100% 90% 10% 80% 49% 70% 60% 50% 40% 90% Import Production 25% 27% 75% 73% Nitrogen Total 51% 30% 20% 10% 0 Potash Phosphate Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 Capela Potash Project For personal use only The Company has acquired a 100% interest in the Capela Potash Project sitting next to the Taquari-Vassouras the only potash mine in Brazil. The project is located in the Sergipe Alagoas Basin, which hosts significant deposits of sylvinite and carnallitite. Rocks with highest potassium concentrate. The Capela Potash Project consists of eight granted exploration licenses covering total area of 11,212 hectares. Vale operates the Taquari-Vassouras Potash Mine 13km to the south of the Capela Potash Project. Recently completed 3D seismic has confirmed that the Capela Potash Project is the possible northern extension to Vale’s Taquari-Vassouras Potash Mine to the south. The 3D seismic has identified the potential presence of salt layers at relatively shallow depths. Existing infrastructure with access to local and international markets. Capela Potash Project Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 For personal use only Capela Potash Project Location 13km Capela Potash Project Capela Potash Project Vale project Taquari-Vassouras Potash Mine. The only potash producing mine in Brazil. Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 Capela Potash Project - Exploration Programme For personal use only The Company is planning to commence drilling programmes early in the 1st quarter 2015. 1ST QUARTER 2015 EXPLORATION PROGRAMME Initial site visits and pre-drill preparation and targeting has been completed. u Test shallow potash layers within 350 meters of surface. u Drilling quotes received and the programme to commence on 1st quarter of 2015. Complete two drill holes or approximately 700 meters. Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 Arapua Fertiliser Project For personal use only The Company has acquired the Arapua Fertiliser Project further developing its strong presence in Brazil’s fertiliser sector. The Arapua Fertiliser Project is located in the State of Minas Gerais, approximately 400 kilometres south east of the Brazilian capital city Brasilia and within one of the major agro-industrial centers of Brazil. The Arapua Fertiliser Project consists of eight granted exploration licenses covering total area of 14,946 hectares. The project is divided into three blocks Arapua, Pindaibas and Maxixe blocks. At the Arapua block, notable grades from recent grab samples ranged from 5% to 24% P2O5, over apatite-rich kamafugitic rocks. At Pindaibas block, recent auger drilling returned values up to 14.8% P2O5. The apatite-rich rocks are nearly horizontal and strongly weathered allowing to an easy mineable operation. Initial test work and scoping studies has commenced. Arapua Fertiliser Project Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 About Company For personal use only Managed by directors with a proven successful track record in Brazil and globally. DIRECTORS CAPITAL STRUCTURE Brian McMaster Executive Chairman Share Price AU$ 0.006 Matthew Wood Director Shares Issued 272.29 (M) Luis Azevedo Director Market Capitalisation AU$ 1.63 (M) Mark Reilly Director ASX Symbols HMI Corporate Advisor: Brazilian Legal Advisor: Harvest Minerals (ASX:HMI) Investor Presentation / December 2014 For personal use only Contact Harvest Minerals (ASX:HMI) STREET ADDRESS: POSTAL ADDRESS: CONTACT NUMBERS: Level 1, 330 Churchill Avenue PO Box 540 Tel: +61 8 9200 6264 Australia Australia SUBIACO WA 6008 SUBIACO WA 6904 Fax: +61 8 9200 4469 Forward-looking statements This presentation includes certain “forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties. There can be no assurances that such statements will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Such information contained herein represents management’s best judgement as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.
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