Low-Cost, High-Grade, Sylvinite Potash Project (Presentation)

Low-Cost, High-Grade
Sylvinite Potash Project
June 2012
ASX: ELM, TSX: ELM
0

Although the forward-looking statements contained in this management presentation are based upon what management of the Company believes are reasonable
assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are
made as of the date of this management presentation and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws,
the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
This Presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it
form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. Recipients of this Presentation
who are considering acquiring securities of the Company are reminded that any such purchase or subscription must not be made on the basis of the information
contained in this Presentation but are referred to the entire body of publicly disclosed information regarding the Company.
The information contained in this Presentation is derived solely from otherwise publicly available information concerning the Company and does not purport to be allinclusive
or to contain all the information that an investor may desire to have in evaluating whether or not to make an investment in the Company. The information is
qualified entirely by reference to the Company’s publicly disclosed information.
This Presentation is being supplied to you solely for your information and may not be reproduced, further distributed or published in whole or in part by any other
person. Neither this Presentation nor any copy of it may be taken or transmitted into or distributed in Canada, the United States or any other jurisdiction which
prohibits the same except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of national securities law.
No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of their subsidiary undertakings or any of the directors,
officers or employees of any such entities as to the accuracy, completeness or fairness of the information or opinions contained in this Presentation and no
responsibility or liability is accepted by any person for such information or opinions. In furnishing this Presentation, the Company does not undertake or agree to any
obligation to provide the attendees with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this
Presentation that may become apparent. The information and opinions contained in this Presentation are provided as at the date of this Presentation. The contents
of this Presentation are not to be construed as legal, financial or tax advice. Each prospective investor should contact his, her or its own legal adviser, independent
financial adviser or tax adviser for legal, financial or tax advice.
Competent Person / Qualified Person Statement:
Information in this [presentation] that relates to Exploration Results or Mineral Resources is based on information compiled by Dr Simon Dorling, Mr Jeff Elliott and Dr
Andrew Scogings of CSA Global Pty Ltd, the Company’s geological consultants. Dr. Dorling, Mr. Elliott and Dr. Scogings are members of the Australian Institute of
Geoscientists (MAIG) and have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity they are
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves” (the JORC Code). Dr. Dorling, Mr. Elliott and Dr. Scogings are also Qualified Persons for the purposes of Canadian National Instrument 43-101 and
they consent to the inclusion in this report of the Information, in the form and context in which it appears.
Further information respecting Elemental’s Sintoukola Project is contained in a technical report entitled ‘‘NI 43-101 Technical Report, Sintoukola Potash Project,
Republic of Congo’’ prepared by Neal Rigby of SRK Consulting (U.S.), Inc. and Messrs. Simon Dorling, Jeff Elliott, Andrew Scogings and Peter Davies of CSA Global
Pty Ltd. for the Company dated August 1, 2011 with an effective date of June 10, 2011 (the “Technical Report”). The Technical Report can be accessed on the
Company’s profile on SEDAR.
1

Forward Looking Statements
This management presentation contains ‘‘forward-looking information’’ within the meaning of applicable Canadian securities legislation. Wherever possible, words
such as ‘‘plans’’, ‘‘expects’’, or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, ‘‘forecasts’’, ‘‘anticipate’’ or ‘‘does not anticipate’’, ‘‘believe’’, ‘‘intend’’ and
similar expressions or statements that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will’’ be taken, occur or be achieved, have been used to
identify forward-looking information.
Forward-looking statements in this management presentation may include, but are not limited to, statements regarding: future extraction, methodologies and the
exploitation of mineral deposits; capital expenditure requirements; IRR and NPV of the Sintoukola Project; expected production capacity; certain mining assumptions;
cost estimates; product market assumptions; market price assumptions; transportation and marketing costs; life of mine production parameters; arable land per
capita projections; estimation of Mineral Resources; the Company spending the funds available to it as stated in this management presentation; expectations
regarding the Company’s ability to subsequently raise capital; expenditures to be made by the Company to meet certain work commitments; work plans to be
conducted by the Company; reclamation and rehabilitation obligation and liabilities; treatment under governmental regulatory regimes with respect to environmental
matters; treatment under governmental taxation regimes; government regulation of mining operations; dependence on personnel; and competitive conditions.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its
perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations
reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the Company executing its project
development plans in accordance with its budgets and planning; feasibility and other studies supporting the Company’s development plans; the Company being able
to obtain sufficient financing when required and on reasonable terms; the Company being able to convert existing Mineral Resources into Proven or Probable Mineral
Reserves; the Company obtaining required licenses and approvals in a timely manner; applicable environmental and other laws and other regulations not being
amended; key management continuing to serve in their respective roles with the Company; title to the Sintoukola Project not being challenged; and no adverse
changes occurring to the price of potash that might adversely affect the prospects for developing and operating the Sintoukola Project or which might make it
uneconomic to proceed with development.
Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be
accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in
the forward-looking statements, including risks related to: no history of mineral production; lack of revenue from operations; dependence on the Sintoukola Project;
uncertainty of estimates of Mineral Resources; lack of Proven or Probable Mineral Reserves; projections being materially different than results; challenge of title to
the Projects; failure to obtain approvals and licenses; adverse regulatory requirements; litigation; mining complexities; construction delays; potential for water
ingress; potential for ground water access to Mineral Resources; adverse climate conditions; failure to secure suitable waste disposal permits; inadequate
infrastructure; delays in gaining access to land; existence of cultural heritage on lands for which access is required; inability to recruit and retain key employees;
unknown environmental risks; uninsurable risks; potential officer and director conflict of interest; inability to secure additional capital; global financial conditions;
competition in the mining industry; cyclical demand for potash; weather patterns and natural disasters; volatility in potash prices; political and economic risks in the
ROC; entitlement of the Congolese government to a stake in the Sintoukola Project; enforcement of contractual rights in the ROC; exchange rate fluctuations;
repatriation of funds; failure to declare funds prior to bringing them into the ROC; opposition from non-governmental organizations; dilution of shareholder value;
lack of dividends; volatility and lack of liquidity of Ordinary Shares; and negative market perception of the Company.
2

Tier 1 Greenfields Potash Project
• High-Grade predominant sylvinite resource with exploration upside
Grade of ~20% K 2 O*, top end of industry curve
• Shallow depth allows for large scale, low cost mining
Primary mining horizon 264m below surface utilising mechanised techniques
• Advanced project in favourable market conditions
Window of opportunity to enter a market set to increase demand by 4.5% per year
• Proven ability to fast track and deliver
Meeting tight schedule deadlines and targets
• Management team with African experience
Strong African operating experience
• Strategic to Brazil, China and India
Limited or no production in world’s most populous countries
*see full resource table in presentation appendix
Strategic World Class Potash Project
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Elemental Minerals Overview
Company Overview
● ELM holds a 93% beneficial interest in the Sintoukola Project in the
Republic of Congo (ROC)
● Upgraded and enlarged resource announced May 2012
● Attractive project economics
● Feasibility studies well advanced
● Listed on ASX and TSX (ELM)
Sintoukola Project
● Situated in the south west corner of the RoC
Initial Economic Report:
Start-up 2015
● 30km from the coast
Production
1.8Mtpy
● 1,436.5km 2 exploration license covering the Kola and Dougou
deposits – 90km 2 explored to date
● Shallow mineralization on an extensive sylvinite horizon
● Only Tier 1 greenfields potash project outside North America
Life of Mine
20 years
Mine Cash Costs US$ 81/t
Avg Potash Price US$ 481/t
Capex (incl cont)
US$1.67bn
Source: Elemental Prospectus; NI 43-101 Technical Report, Sintoukola Potash Project, June 2011; available at www.sedar.com
Strategic World Class Potash Project
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Strategic Location
● Established Infrastructure
● Deep water port and industrial hub at Pointe Noire
90km from Sintoukola site, mostly bitumen road
● Egis reports a current power surplus of 141MW (vs. Sintoukola
estimate requirement of 42MW)
● Strong relationship with the government and local partner will
help support future product development
● The Company is expected to enjoy a relatively favourable fiscal
regime
● Strong support from local communities and regional government
● Good relationship with active NGOs
Source: NI 43-101 Technical Report, Sintoukola Potash Project, June 2011; Elemental Prospectus; all available at www.sedar.com
Strategic World Class Potash Project
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Republic of Congo
Democracy with Established Mining Code
● The Republic of Congo (ROC) has an elected government with rule of
law based on the French system and mining law to World Bank
standards
● Elections in March 2002 and July 2009 were won by Denis Sassou
Nguesso, who has presided since 1997; elections slated for 2016
● The legal framework for the development and use of mineral
resources in the ROC was established by the constitution of the ROC
The Mining Code was enacted in 2005 to promote development of
mineral projects by the private sector with the principal role of the
state to promote and regulate the development of the mining
industry
Investment Friendly Jurisdiction
● The ROC’s economy has long been dominated by off-shore oil
production
Major oil firms include Total E&P, Eni S.p.A and Chevron
Corporation, which have carried out exploration and commercial
production for over 30 years
● ROC is actively encouraging international investment in mining
Mining major Xstrata has a joint venture with AIM-listed Zanaga to
develop the Zanaga Iron Ore Project – Xstrata’s first major foray
into iron ore - with estimated capital expenditure of US$5.8bn
Exxaro acquiring African Iron for US$362m
Republic
of Congo
Africa
Source: Elemental Prospectus; available at www.sedar.com
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Strong Potash Industry Fundamentals
Robust Potash Demand Fundamentals
● Sustained growth of potash consumption
Average of 5.2% per year from 2002 - 2007
IFA forecasts 4.5% per year from 2010 - 2014
● Key demand drivers: world population growth, shrinking
arable land per capita, changes in global diets and growth in
alternative fuels
● Potential for majors (BHP, Vale, Rio, etc) to build a presence
via greenfields development or M & A
● Elemental only advanced low cost, high grade sylvinite project
to match Tier 1 projects in North America
● Brazil, the world’s second largest potash importer, is forecast
to more than double its potash imports from 2010 to 2025
● Capacity expansions expected to service forecast demand
Source: CRU
KCl (Mt)
100
80
60
40
20
0
2000
Nameplate Capacity Demand % of Nameplate Capacity
Current Capacity
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
100%
80%
60%
40%
20%
0%
Demand as % of Namplate
Population Growth
Population (bn)
10
9
8
7
6
5
4
3
2
1
Brazil China India U.S. World
-
1950 1970 1990 2010 2030 2050
Arable Land Decline
Arable land (Ha per Capita)
Strategic World Class Potash Project
1.2
1.0
0.8
0.6
0.4
0.2
0.0
1961
Source: FAO
Brazil China India U.S. World
1965
1969
1973
1977
1981
1985
1989
1993
1997
2001
2005
2008
7

Proximity to Growing Brazilian Key End-Market
● The Company is very well positioned to export its product to Brazil, the world’s second largest importer of potash
Brazilian potash imports are expected to more than double, from 6.0Mt in 2010 to 12.2Mt in 2025
Consumption driven by production of cash crops (bananas, sugar cane and cocoa) with high potassium
requirements, biodiesel demand, forecast continuing economic growth and capacity to add arable land
● Product will be priced at a premium due to quality and favourable ocean freight costs to Brazil
Pacific NW
Vancouver
Portland
New Brunswick
Distance
(St. Petersburg – Santos)
6,447 nautical miles
NW Europe
St. Petersburg
Ventspils
Klaipedia
Hamburg
USA
Distance
(Vancouver – Santos)
8,491 nautical miles
Brazil
Distance
(Ashdod – Santos)
6,411 nautical miles
Africa
Pointe Noire
Middle East
Ashdod
Eilat
Aqaba
India
China
Distance
(Pointe Noire – Santos)
3,560 nautical miles
Source: CRU, SeaRates
Strategic World Class Potash Project
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Strategic Asset Under Development
Project Expenditure to date of $61m 1
Phase 1 and 2a Exploration programme completed successfully and on time
Phase 1 - 16 drill holes completed (6,577m) and 34km 2D seismic survey
Phase 2a - 20 drill holes completed (5,377m) and 169km 2D seismic survey
Large, Shallow, High-Grade Mineral Resource Estimate delivered
Continuous high grade sylvinite horizon supports conventional underground mining with low cash costs
Feasibility Study process test work completed – excellent results
Coarsely inter-grown sylvinite, low insolubles and high recoveries demonstrated through simple floatation
Pre Feasibility phase engineering completed
Engineering work completed and cost estimation underway
New target generation exercise delineates two potentially significant potash domains
Kola High priority one target interpreted to have an increased aerial extent of 200%
1. Project Expenditure as at end April 2012
Strategic World Class Potash Project
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Benchmarking Elemental
In-Situ avg grade (%K 2 O)*
Cash costs (US$/tonne)**
25%
20%
15%
20%
Allana
K+S (Legacy)
$109
$112
10%
Encanto
$122
16% 15% 14% 13% 12% 12% 11% 11%
9% 8%
n/a n/a n/a
5%
0%
Elemental
Mag
Western
BHP (Burr)
BHP (Jansen)
IC Potash
Karnalyte
$124
$140
$151
$156
$163
$178
$194
Verde
$286
$0 $100 $200 $300 $400
Strategic World Class Potash Project
Conventional
Solution
Open Pit
Source: *Renaissance Capital, **BMO
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Attractive CapEx for New Conventional Potash Mine
Mining Methodology
$1,458
Conventional
(1)
$1,512
Solution
$1,188
$1,111
Open Pit
$1,035 $1,036
(1)
$923 $930 $950 $975
$736
11
$779 $796
US$/tonne of KCl Capacity
South Boulder
(Colluli Potash)
Verde Potash
(Cerrado Verde)
Allana Potash
(Danakil Potash)
IC Potash
(Ochoa)
Elemental Minerals
(Sintoukola Potash)
Karnalyte Resources
(Wynyard)
Encanto Potash
(Muskowekwan Property)
K+S / Potash One
(Legacy)
BHP Billiton
(Burr)
MagIndustries
(Mengo)
Western Potash
(Milestone)
Sirius Minerals
(York Potash)
BHP Billiton
(Jansen)
Capacity
(Mtpy)
1.0 3.0 1.0 0.8 1.8 2.1 2.5 2.7 2.0 1.2 2.8 4.1 8.0
Source: Company Reports, NI 43-101 Technical Report, Sintoukola Potash Project, June 2011; available at www.sedar.com
1. Sulphate of Potash (“SoP”) production
Strategic World Class Potash Project

Large, High Grade, Sylvinite Mineral Resource
Phase 2 Mineral Resource highlights
• Measured and Indicated Sylvinte Mineral Resources of 413Mt at avg. grade of 20.39% K 2 O (32.29% KCl) *
• Inferred Sylvinite Mineral Resource of 261Mt at 19.16% K 2 O (30.33% KCl) *
• The recently identified Footwall Seam (FWMS) sylvinite contributes 123Mt at 18.34% K 2 O (29.03% KCl) * in
the Inferred Mineral Resource category
• Considerable exploration upside remains at Kola; with mineralisation open in several directions
*see full resource table in presentation appendix
Strategic World Class Potash Project
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Upper Seam and Lower Seam- Sylvinite
Upper Seam
Lower Seam
FWS Seam
Tonnes (Mt)
%K 2 O
Tonnes (Mt)
%K 2 O
Tonnes (Mt)
%K 2 O
M&I 276 21.40%
Inf 78 21.29%
M&I 137 18.36%
Inf 60 18.27%
M&I - -
Inf 123 18.34%
*see full resource table in presentation
Strategic World Class Potash Project
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Phase 2b Boreholes
Sylvinite thickness
(metres)
2B borehole in progress
2B borehole recently completed
Phase 1 and 2A boreholes
14

Potential for Exploration Expansion
● Deposit covers 60km 2 of the 1,436km 2 permit area
● Total Kola drilling to date 36 holes for 11,954m,
203 km high resolution 2D seismic
● Phase 2b drilling: Targeting 7 sylvinite holes
Kola Deposit
Elemental Minerals Sintoukola Permit
Kandi
Target
Kola
Deposit
Dougou
Target
Existing Drill Holes
Congolese Basin
Target Areas
Roads / Tracks
Atlantic Ocean
Source: NI 43-101 Technical Report, Sintoukola Potash Project, June 2011; available at www.sedar.com
Strategic World Class Potash Project
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New Regional and Step Out Targets
● Kola High Priority 1 target: 120 km 2 (400% of existing Kola
resource)
● Dougou Rise Priority 1 target: 75 km 2 (15 km from Tchiboula jetty
site)
Strategic World Class Potash Project
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Revised Project Configuration
Base case for PFS
● Conventional Mining producing 2Mtpy MoP
Focus on sylvinite, start-up 2015
● Road transport of ROM ore on dedicated haul road
using Australian style high volume road trains.
● Service road upgrade
● Central scalable process plant located at the coast
Good flotation kinetics
Excellent process recovery
Brine disposal in the ocean
● 42 MW Required from national grid
Investigate Gas fired self generation in parallel
● Gas line for product drying – 2,820 scm/h
● Water sourced from ocean and/or nearby lakes
● Jetty facility at Tchiboula adjacent to plant – trans
shipment
● Employment of approximately 800 people
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Experienced Management Team and Consultants
Management
Iain Macpherson
Chief Executive
Officer
John Sanders
Executive Director
●
●
●
●
Over 25 years of experience in senior management and executive roles in the mining sector
Served as Chief Operating Officer of UraMin Inc and Managing Director of UraMin
Served as General Manager of Elemental Minerals since joining in 2009, Executive Director of
Elemental Minerals since December 2010
Previously Vice President Exploration for UraMin and Chief Executive Officer of Niger Uranium
Lawrence
Davidson
Chief Financial
Officer
Werner
Swanepoel
Project Manager
Ilja
Graulich
IR Manager
First class technical team
●
●
●
●
●
●
Held senior financial management roles for the past 20 years
Previously Managing Director of DF2 Consulting and management consultant to Barclays Bank
Over 20 years mining experience in senior management and consulting roles
Formerly VP Technical Services AREVA Resources Southern Africa and Technical Manager at
UraMin Inc
Over 15 years experience in communication, investor relations roles and corporate development
Formerly Head of Investor Relations at DRDGold, Gold One and Companies and Markets Editor
at Business Day newspaper
Strategic World Class Potash Project
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Capital Structure
• Ticker symbol: ASX, TSX : ELM
• Issued shares: 243.61 million
• Unlisted Options: 12.7 million
• Market cap diluted: US$182mm (1)
• Cash ~ U$30.7m (2)
Major Shareholders
Name
Holding
Analyst coverage
• Australia:
• Foster Stockbroking - Haris Khaliqi
Pala Investments
Holdings Limited
12.51%
Management (3) ~12.5%
• Canada:
• Patersons Securities Limited - Matthew Trivett
• BMO Capital Markets - Joel Jackson
Genesis
Investment
2.46%
• Fraser Mackenzie - Peter Prattas
• MGI Securities – Corey Dias
J P Morgan 1.92%
1. As at 28 May 2012
2. at end March 2012
3. including options on FD basis
• Northern Securities - Fadi Benjamin
• Stifel Nicolaus – Nick Morton
• UK:
• Renaissance Capital - Jim Taylor
Strategic World Class Potash Project
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Timeline to Production
• Shallow, Large, High-Grade Mineral Resource with Potential for
Exploration Upside
• Strategic Location with Established Infrastructure in Investor-
Friendly Country
• Attractive Economics and Competitive Project Costs
• Favourable Proximity to Growing Brazilian Key End-Market
• Management and Board has Experience in Building Quality
African Projects
2011
Q1 Q2 Q3 2012 Q1 Q2 Q3 2013 Q1 Q2 Q3 2014 Q1 Q2 Q3 2015 Q1 Q2 Q3 2016 Q1 Q2 Q3 2017
Phase 2 Mineral
Resource
Estimation
Phase 1 Construction
PFS-level Technical
Report
Production Ramp-up
Definitive Feasibility Study
Full
Production
Source: Elemental Prospectus; available at www.sedar.com
Strategic World Class Potash Project
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Low-Cost, High-Grade
Potash Project
22

Appendix - Large, High Grade Mineral Resource
Mineral Resource estimate for sylvinite mineralisation only at a 10% K 2 O cut-off grade
Measured Indicated Inferred
Tonnes(Mt) %K 2 O %KCL Tonnes(Mt) %K 2 O %KCL Tonnes(Mt) %K 2 O %KCL
Upper Seam 161 21.47 33.99 115 21.29 33.70 78 21.09 33.39
Lower Seam 69 18.45 29.21 68 18.27 28.92 60 18.33 29.02
Footwall Seam - 0.00 0.00 - 0.00 0.00 123 18.34 29.03
Total 230 20.56 32.55 183 20.17 31.93 261 19.16 30.33
Mineral Resource estimate for sylvinite and carnallitite mineralisation at a 10% K 2 O cut-off grade
Measured Indicated Inferred
Tonnes(Mt) %K 2 O %KCL Tonnes(Mt) %K 2 O %KCL Tonnes(Mt) %K 2 O %KCL
Upper Seam 238 18.56 29.38 194 17.62 27.89 163 16.83 33.39
Lower Seam 280 12.55 19.87 247 12.71 20.12 227 12.63 29.02
Footwall Seam - 0.00 0.00 - 0.00 0.00 123 18.34 29.03
Total 518 15.31 24.24 441 14.87 23.54 513 15.33 30.33
Source: “Elemental Minerals Announces Resource Update”, 8 May 2012
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Appendix - Conventional Mining with Shallow Mineralization
Kola Sylvinite Twin Hole Drilling
● High grade mineralization located 264m below surface vs. global peers at approximately 1,000m below surface
● Largely continuous and relatively flat mineralized horizon allows for conventional mining
Source: NI 43-101 Technical Report, Sintoukola Potash Project, June 2011; available at www.sedar.com
Strategic World Class Potash Project
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Appendix - Summary Cost Estimates
1.8Mtpy Underground Mine Capital Expenditure Summary
Description Unit Costs
Mine Development & Equipment (US$mm) $455
Processing Plant (US$mm) $374
Indirect Costs (US$mm) $134
EPCM (US$mm) $63
Product Storage and Load-out (US$mm) $61
DFS Costs (US$mm) $61
Other (1) (US$mm) $191
Contingency (US$mm) $335
Total Development CapEx (US$mm) $1,674
1.8Mtpy Underground Mine Operating Expenditure Summary
Description Unit Costs
FoB Mine Site (US$/tonne) $80.77
Transportation and Marketing (US$/tonne) $18.71
Total FoB Pointe Noire (US$/tonne) $99.47
Royalties (US$/tonne) $14.44
Export Duties (US$/tonne) $9.63
Source: NI 43-101 Technical Report, Sintoukola Potash Project, June 2011 available at www.sedar.com
1. Includes: site buildings, water treatment, site preparation, power distribution, surface mobile equipment, TSF, off-site infrastructure, village & camp, owner’s costs, closure costs
Strategic World Class Potash Project
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Appendix - Board and Congo Management Team
Non Executive Directors
Sam Middlemas
Non – Executive
Chairman
Chartered Accountant, 25 years operating experience in senior management for ASX listed mining and
exploration companies
Independent (1) CFO and Company Secretary of Rubicon Resources, Manhatten Resources, Company Secretary of
Berkeley Resources
Ian Stalker
Chemical Engineer, currently Chief Executive Officer of Brazilian Gold, Non-Executive Director of
Independent (1) Previously CEO of UraMin Inc, Vice President at Gold Fields and Managing Director of Ashanti Goldfields
Non – Executive
Vatukoula Gold Mines, Polo Resources and Forum Uranium, and on the board of privately held
Director
UrAmerica and Taia Lion Resources
Michael Barton
Non – Executive
Director
Independent (1)
Accountant, SVP of Pala Investments AG
Director of Peninsula Energy Ltd (ASX:PEN), WDS Limited (ASX:WDS), Sierra Rutile Ltd (LSE:SRX) and
Dumas Holdings Inc
Congo Management Team
Gaby Makosso
Chairman, Sintoukola
Potash SA
Julien Babey
Managing Director,
Sintoukola Potash SA
Ken Wheeler
General Manager,
Sintoukola Potash SA
Congolese business development professional
Adviser to the ROC Minister of Mines on the Congolese mining sector
Experienced General Manager in energy and mining industry
Former CEO of AREVA Mongolia
Experienced mine and exploration geologist with over 20 years African experience
Former Exploration Manager AngloGold Ashanti DRC
1. Independent Director for the purposes of NI 58-101
Strategic World Class Potash Project
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