For personal use only - ASXat Kef El Louz North + Gassa Kebira Prospects ›These are only two of...

Celamin Holdings NL | November 2013

Annual General Meeting Ingredients for success

November 2013

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HON. ANDREW THOMSON NON-EXECUTIVE CHAIRMAN

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BOARD OF DIRECTORS

Andrew Thomson, Non-Executive Chairman

Former Federal MP and Citadel Resources Group Chairman

David Regan, Managing Director

Former Citadel Resources Group director, more than 15 years’ North African/Middle East experience in resources sector.

Russell Luxford, Non-Executive Director

Non Executive Director of Discovery Metals. Former Project Director Maaden Al Jalamid Phosphate Project, former Operations

Manager WMC Phosphate Hill, Engineer specialised in large scale minerals project Development and operations.

Martin Broome, Non-Executive Director

Over 37 years’ experience in African minerals industry. Previously Managing Director of African Mining Consultants. Non-executive

Director of Barclays Bank of Zambia.

Gary Scanlan, Non-Executive Director

Former Director of Citadel Resources Group, Non–exec Director of Lion Gold Singapore listed, Non-exec Director of Red 5 Ltd, 28

years experience in Mining including 18 years with Newmont/Newcrest Exec General Manager Finance.

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DAVID REGAN MANAGING DIRECTOR

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DISCLAIMER

Important Information & Disclaimer

This presentation is not a prospectus nor an offer of securities in any jurisdiction 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 in connection with any

acquisition of securities, investors should rely on their own examination of Celamin Holdings NL and consult their own legal, business and/or financial

advisers.

The information contained in this presentation has been prepared in good faith by Celamin Holdings NL, estimates, options, or other information

contained in this presentation. To the maximum extent permitted by law, Celamin Holdings NL its Directors, officers, employees and agents disclaim

liability for any loss or damage which may be suffered by any person through the use of reliance on anything contained in or omitted from this

presentation.

Certain information in this presentation refers to the intentions of Celamin Holdings NL, but these are not intended to be forecasts, forward looking

statements or statements about the future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of the events in

the future are subject to risk, uncertainties and other actions that may cause Celamin Holdings NL actual results, performance or achievements to differ

from those referred to in this presentation. Accordingly Celamin Holdings NL, its Directors, officers, employees and agents do not vie any assurance or

guarantee that the occurrence of these events referred to in the presentation will actually occur as contemplated.

Competent Person’s Statement

Information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Oliver Willetts, who is a

member of the Australasian Institute of Mining and Metallurgy. Oliver Willetts is a consultant geologist engaged by Celamin Holdings NL and has

sufficient experience relevant to the style of mineralisation and types of deposit under consideration and to the activities to qualify as a Competent

Person as defined in the 2004 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves. Oliver Willetts consents to the

inclusion in this presentation of the matters based on information in the format and context in which it appears.

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COMPANY OVERVIEW

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Celamin Holdings NL (“Celamin”) is an ASX-

listed company.

Key Focus:

Chaketma Phosphate Project, Tunisia – 51%

(JV partner, TMS – 49%)

Board of Directors

Andrew Thomson - Non-Executive Chairman

David Regan - Managing Director

Russell Luxford – Non-Executive Director

Martin Broome - Non-Executive Director

Gary Scanlan - Non-Executive Director

ASX Code CNL

Ordinary Shares 188.7 million

Partly Paid Shares 14.8 million

Options 29.5m (25.3m listed)

Undiluted Market

Cap at 4.0c $7.2 million

1-year range 3.0 - 20.0 cents

Debt Nil

Cash at 30/9/13 $1.9 million

Chaketma from the Northwest

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PROJECT LOCATIONS IN TUNISIA

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WHAT WE ACHIEVED THIS YEAR

› Scoping Study announced August 2012 indicating sound project economics

› Chaketma Exploration Permit renewed in May 2013 for a further three years (6 Prospects)

› Present Inferred JORC Resource of 130MT @ 20.5% P2O5

› Successful capital raising of $5.45m at $0.15/share

› Project Director in-place in Tunis, Project Team being assembled

› Independently confirmed metallurgical test work results completed – highly encouraging

› Advanced discussions underway with off-takers who have appraised product samples

› DFS Engineering Proposals received and currently being evaluated

› Environmental and Social Studies underway

› Chaketma Project Celamin (51%) TMS (49%)

› BEA disposal

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WHY INVEST IN CELAMIN –

INGREDIENTS FOR SUCCESS

› Chaketma Project: High quality phosphate project in Tunisia – on the path to production

› Leveraged to projected solid growth in global demand for phosphate

› Established Inferred JORC Resource on only two Prospects (of six in total) at Chaketma:

› Low cost

› Long Mine-Life Potential: 35+ years demonstrated to date (only on existing resources)

› 2012 Scoping Study indicated low operating cost/high margin on 1.5Mt/a saleable

concentrates

› Positive social, environmental and economic attributes

› Strong interest shown by off-takers and financiers

› Existing Infrastructure: rail, port, road, electricity and gas

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Chaketma Project Inferred JORC Resource

Kef El Louz North Prospect 37Mt at 21% P2O5

Gassaa Kebira Prospect 93Mt at 20.5% P2O5

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CHAKETMA PHOSPHATE PROJECT, TUNISIA

› Chaketma is Celamin’s exploration

and development priority

› Located 200km west-south-west of

Tunisia’s capital, Tunis

› Celamin (51%) TMS (49%)

› Six Prospects:

• Kef El Louz (North & South)

• Sidi Ali Ben Oum Ezzine

• Gassaa El Kebira

• Douar Ouled Hamouda

• Gassat Ezerbat

• Kef El Aguab

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SCOPING STUDY HIGHLIGHTS

› Mineralisation potential suggested long life project (over 50 years) with 229 Mt

@ 20% P2O5 (Conceptual Exploration Target)*

› Financial estimates +/- 35%, based on exploration target

› Metallurgy confirmed that 30-32% P2O5 concentrate could be produced at

bench scale

› Two-stage development

• First train 0.75Mtpa; in Year 1 followed by,

• Second train for 1.5Mtpa of P2O5 concentrate; in Year 2

› Existing infrastructure: rail, port, electricity, gas and water for 1.5Mtpa operation

› Preliminary Environmental and Social Studies identified no ‘fatal flaws’

› Robust project economics

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*Insufficient work has been done to define Resources outside the Kef el Louz and Gassa Kebira area

Highlights of Chaketma Scoping Study completed in July 2012:

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INFERRED JORC RESOURCE

› 130 Mt @ 20.5% P2O5 at Kef El Louz North + Gassa Kebira Prospects

› These are only two of the six identified Prospects within the Chaketma Project area

› 35+ Year Mine Plan based on existing resources only!

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Prospect Resource Classification Mt % P2O5

Gassaa Kebira Inferred 93 20.3

Kef El Louz North Inferred 37 21.0

Total 130 20.5

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KEF EL LOUZ: MAIDEN JORC RESOURCE

› Kef El Louz North is one of six

Chaketma prospects.

› Resource is larger (by 7Mt) and

higher grade (21% versus

19.7%) than Scoping Study

expectations

› Indicated strip ratio is also

significantly less than Scoping

Study assumption (i.e. 4.2 : 1

versus 9.1:1)

› Provides solid basis to

commence DFS

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Kef El Louz North: Maiden JORC Inferred Resource of 37Mt @ 21% P₂O₅

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GASSAA KEBIRA: MAIDEN JORC RESOURCE

› Gassaa Kebira is one of six

Chaketma prospects.

› Substantial portions of the

deposit are potentially suited to

conventional open-cut mining

methods

› Approx. 30% of the deposit

exists under a strip ratio of 5:1

and at least 90% is under 10:1

› Provides additional solid basis

to commence DFS

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Gassaa Kebira: Maiden JORC Inferred Resource of 93Mt @ 20.3% P₂O₅

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CHAKETMA METALLURGY TEST RESULTS

› Results to date confirm that a marketable concentrate can be produced with very

good phosphate recoveries.

› Bench scale test work focused on using an available reagent suite with a number of

stages of flotation – in this case, conventional phosphate reverse flotation, open circuit, at

elevated temperature, was used.

› A composite sample covering the full intersected width of the existing Kef El Louz

resource produced:

• A concentrate grade of 31.0% P2O5

• P2O5 recovery of 68%

• MgO less than 1.0%, with other minor elements in acceptable industry standard ranges

› Results were independently confirmed by a major European reagent supplier, conducting

product development test work on a full composite sample at ambient temperature. They

received comparable results: 30.5% P2O5 concentrate, with 0.7% MgO and 68.6%

recovery.

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CLOSE PROXIMITY TO INFRASTRUCTURE

› Existing port capacity and associated facilities

› 35km to existing rail with1.5Mtpa capacity to

Port

› Electricity and gas available

› Water options identified

› Tunisia has existing and established

phosphate infrastructure, expertise and skills

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TUNISIA – COUNTRY OVERVIEW

› Political: Elected Constitutional Assembly

› New Constitution being finalised to be followed by new elections

› Strong Tunisian support for key projects

- Commission of major projects

› Well educated population, wanting employment

› History of 100+ years of Phosphate production in Tunisia

› Real GDP Growth 2012: 3.6%, 2013 4%(f) source: IMF

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TUNISIA – SOCIAL AND ENVIRONMENTAL

› Economic development a priority in the poorest region of Tunisia.

› Revitalise old mining province: provide jobs and flow-on opportunities through

establishing a long life project. Maximise the utilisation of existing infrastructure.

› Regional Unemployment: 20.7% (National 13%).

› More than 67% of local population under 20 years old.

› Local population well disposed to development as it will lead to jobs and increased

economic activity.

› Social and Environmental studies ongoing.

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TUNISIA - ESTABLISHED PHOSPHATE EXPORTER

100+ years of phosphate production

Top 5 phosphate rock producer in the world

Phosphate products:

• 2nd largest Triple Super Phosphate (TSP) exporter

• 5th largest Diammonium Phosphate (DAP) exporter in 2010

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Tunisia is an

established

phosphate product

and rock producer,

exporting to global

markets

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TUNISIA – ATTRIBUTES FOR MINING

› Mining Tax: 25% with tax exemption for first five years

› Royalty: 1% of gross revenue

› Repatriation allowed; no tax on shareholder dividends

› Downstream processing attracts 10-year tax holiday

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Tunisia

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PHOSPHATE GROWTH MARKETS

“According to the June 2013 forecast of the IFA Agriculture Committee, global fertiliser

consumption on a calendar year basis is projected to grow at an annual rate of 1.8% to…

2017. Increases in demand are projected…1.8% for Phosphate…”

Source: “Fertilizer Outlook 2013-2017” P.Heffer & M.Prud’Homme, IFA

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East Asia 20%

South Asia 33%

West Asia 5%

Latin America & Carribean

21%

North America 3%

Sub Saharan Africa 3%

North Africa 1%

Oceania 3%

East Europe & Central Asia

7%

West Europe 2%

Central Europe 2%

Regional Share of world increase in phosphate fertiliser consumption 2012-2016

Source: Food and

Agriculture Organization

of the United Nations:

Current world fertilizer

trends and outlook to

2016, Rome 2012

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CHAKETMA PROJECT – TIMELINE

› Requests for bids for the DFS Engineer have been issued to four

shortlisted international engineering companies.

› The engineering DFS, financing and Mining Lease application – end 2014.

› DFS cost $12m. $10m funded by CNL

› With the grant of the Mining Lease construction may commence at the end

of 2014 or Q1 2015.

› Based on recent reviews of the project, and discussions with lenders in

respect of their requirements for the DFS, we are targeting first

phosphate production from the Chaketma Phosphate project in Q1

2016.

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QUESTIONS

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Celamin Holdings NL

www.celaminnl.com.au

CONTACT US

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http://www.celaminnl.com.au

For personal use only - ASXat Kef El Louz North + Gassa Kebira Prospects ›These are only two of...

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