Plains Creek Phosphate (TSX.V - PCP) - Corporate Presentation

1 WWW.PLAINSCREEK.COM

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Corporate Presentation March 2012


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Forward Looking Information This presentation includes statements that are forward-looking. All statements in the presentation (other than statements of historical fact) that address future operations or plans of Plains Creek Phosphate Corp. (“Plains Creek” or the “Company”) or their affiliates, proposed acquisitions, development and commissioning of mines, long term corporate goals, estimated development costs or operating costs, marketing plans or anticipated customers, mine reserves or resources, expansion of production, demand for product, and the future of the mining industry in general and the mining industry in Guinea-Bissau in particular are forward-looking statements. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the results, performance or achievements implied by the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, market prices for phosphate, general economic, market and business conditions, risks and uncertainties related to Plains Creek’s abilities to complete its acquisition of the remaining interests in phosphate properties in Guinea-Bissau, to successfully develop and commission mines at the property, to obtain all necessary permits for development and production as and when required, estimation or resources and reserves, estimation of demand for the product, development and production costs, transportation delays and costs, ability to convert expressions of interest from potential customers into definitive sales agreements, delays in construction of the mining operation, accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties with or interruptions in development or production, phosphate price fluctuations, failure to obtain adequate financing when needed, exchange rate fluctuations, and risks and uncertainties associated with doing business in Guinea-Bissau. Although Plains Creek has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward looking information. There may be information in this presentation that is information about prospective results of operations, financial position or cash flows (a “financial outlook”). This financial outlook is provided only to assist in an evaluation of the prospective business outlined in this presentation, but are not to be relied upon as accurate representations of future results and may not be appropriate for any other purpose. Furthermore, because this financial outlook is based upon estimates and hypothetical assumptions about circumstances and events that have not yet taken place and are subject to variation, there are no representations or warranties associated therewith, and there can be no assurance that the outlook will be attained. Readers are cautioned that no forward looking statement or financial outlook is a guarantee of future performance. Plains Creek and RHC assumed no obligation to update these forward-looking statements or financial outlook except as may be required by law.

Not an Offering of Securities This presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities of Plains Creek or any other securities. Cautionary Note to U.S. Investors Concerning Estimates of Measured and Indicated Resources This presentation uses the terms “Measured” and “Indicated” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Technical Report The Company’s current technical report (the “Technical Report”) was prepared in accordance with National Instrument 43-101 (“NI 43-101”) for its principal and sole mineral property known as the Farim Phosphate Project in Guinea-Bissau and is entitled “Technical Report on the Preliminary Economic Assessment of the Farim Phosphate Project in Guinea-Bissau”, dated effective February 10, 2011 and filed under the Company’s profile on SEDAR at www.sedar.com on February 22, 2011 which was prepared for the Company by John S. Warwick, BSc (Hons) PIMMM, C.Eng., Eur.Ing. (Mining) and Andre Lambert, BSc, MIMMM, EurGeolg of IMC Group Consulting Ltd. and Alex Mitchell, MIMMM, C.Eng. and Michael Short, FIMMM, C.Eng. Of GBM Minerals Engineering Consultants Limited. All authors of the Technical Report are independent Qualified Persons as defined under NI 43-101. All references herein to resources of the Farim Phosphate Project are supported by the Technical Report and the reader is directed to the Technical Report for further detail. EBITDA References in this presentation to “EBITDA” are to inferences from the Technical Report. Such EBITDA consists of the gross sales of production less operating costs before interest, income taxes, depreciation and amortization. Management of Plains Creek believes that, in addition to net earnings, EBITDA is a useful complimentary measure of cash available prior to debt service, capital expenditures and income taxes. However, EBITDA is not a recognized measure under Canadian GAAP and does not have a standardized meaning prescribed by Canadian GAAP. Readers are cautioned that EBITDA should not be construed as an alternative to net earnings determined in accordance with Canadian GAAP as an indicator of performance, or to cash flows from operating, investing and financing activities as a measure of liquidity and cash flows. Plains Creek’s method of calculating EBITDA may differ from the methods used by other entities and, accordingly, its EBITDA may not be comparable to similarly titled measures used by other entities.


http://www.sedar.com/�


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• High quality development phosphate project in Guinea-Bissau, West Africa • NI 43-101 compliant resource comprised of:

Measured: 69 Mt grading 29.9% P2O5

Indicated: 15 Mt grading 30.1% P2O5

Inferred: 44 Mt grading 29.6% P2O5

• Production expected to commence in 2014 – exporting 2 Mt phosphate rock concentrate per annum for minimum 25 years production license granted and a 25 year Mining Plan of 68 Mt grading 29.9% P2O5

• Simple mining process straight forward beneficiation to produce phosphate rock concentrate potential for choice of open cast dredges or conventional open pit mining

• Existing infrastructure components to support production and export to world markets • Attractive economics with US$80 million EBITDA per year, based on US$100 per tonne phosphate rock as per

NI 43-101 Preliminary Economic Assessment (“PEA”) current phosphate rock spot prices are ~US$200 per tonne potential for EBITDA of US$180 million per year based on US$150 per tonne phosphate rock

• Potential to increase phosphate resources with deposit open in three directions • Strong demand for end product – positive long term fundamentals for fertilizers • Current mandate with BMO Capital Markets as strategic advisor to assist in finding strategic partners and

negotiate off-take agreements

Summary Highlights


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50.1%

100% Ownership (sole asset)

OPTION TO PURCHASE 24.9% GB MINERALS AG

FOR € 13.5 million

PURCHASED 50.1% GB MINERALS AG FOR € 19 million

Share Purchase Agreement

OPTION TO PURCHASE 25% GB MINERALS AG

FOR € 13.5 million

• A Swiss corporation holding production agreement (on very attractive terms) issued in 2009 – mining license with exclusive rights to explore, mine and commercialize the Farim Phosphate Deposit

• Undertaking NI 43-101 Bankable Feasibility Study (“BFS”) - expected completion H1 2012

• Operating Company

• Share Purchase Agreement to acquire 100% GB Minerals AG

Acquisition & Ownership Structure

2010 2011 2012 2013

Plains Creek Phosphate

GB MINERALS AG, Risch (CH)

GB MINERALS SARL Guinea-Bissau


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Asset Located in Northern part of Central GUINEA-BISSAU, WEST AFRICA

• Approximately 25 km south of the Senegal border

• 80 km south to coast with connection by paved road

• Project area is bisected by Cacheu River, which flows to the Atlantic (155 km)

• Production license issued

Project Location

AFRICA

Bissau (Capital)

Cacheu

Mansôa Bafatá

Gabú Bissorã

Farim

GUINEA

SENEGAL

Pointe Chugue (Sea Port Location)

North Atlantic Ocean

GUINEA-BISSAU

Buba

Catió


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• Comprehensive geological data base (assembled during 1981-2009) including 146 drill holes (BRGM, Champion, GB Minerals AG)

• Twenty five year mining plan from NI 43-101 PEA calculated at 68 Mt grading 29.9% P2O5 with average phosphate ore body thickness of 3.3 meters. Average strip ratio 11.8:1

• Potential for a significant increase in resources to the North West and South of the main area (not yet drilled), as well as by increasing stripping ratio to 20:1 (upper A layer) and the exploitation of the lower grade B layer (grading 10-15% P2O5). The A layer is referred to as FPA (Farim Phosphate A grade) and the B layer as FPB

• Fully licensed via Production Agreement (2009) with Guinea-Bissau Government on favorable terms, including 100% ownership, 10 year tax holiday and 2% production royalty

• Straight forward mining operations by removal of (average) 39 meters of unconsolidated overburden to get to phosphate ore, potential for production of a phosphate slurry for the processing plant

• Potential for simple and efficient beneficiation process

• 80 km distance by slurry pipeline to coast

• Currently undertaking Bankable Feasibility Study (“BFS”) – expected completion H1 2012

• Mining agreement provides for relocation of local villagers and the Company is currently conducting a ESIA as part of its BFS

Project Summary


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• Phosphate discovered during oil exploration in the early 1950’s

• During 1980’s French mining agency (BRGM) carried core drilling program (+100 drill holes). Metallurgical test work produced phosphate rock concentrate grading 36.5% P2O5. In 1986, Sofremines completed a prefeasibility study but did not go ahead because of prevailing phosphate market conditions

• From 1996 to 2003 Champion Resources conducted successive stages of feasibility work including drilling 34 drill holes. Confirmed BRGM results and developed a mining plan. Phosphate market conditions and the political situation in Guinea-Bissau prevented project going ahead

• 2004 to 2009. GB Minerals AG, a Swiss company acquired exploration license and mining lease. Carried out successive validation studies, excavated a box cut, drilled 30+ drill holes. Developed a mining plan on a resource grading 31.5% P2O5

• In May 2009 GB Minerals AG signed a comprehensive production agreement with Guinea-Bissau Government

• In 2010, Plains Creek completed a NI 43-101 compliant resource estimate of 69 Mt Measured at a grade of 29.9% P2O5, 15 Mt Indicated Resources at a grade of 30.1% P2O5 and Inferred Resources of 44 Mt at a grade of 29.6% P2O5

1950 1960 1970 1980 1990 2000 2010

Discovered during oil exploration

BRGM Core drilling +100 drill holes

Positive Pre-Feasibility Study

Champion Resources 34 drill holes

GB Minerals AG 30 drill holes

Production Agreement

Project History


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1,741.61 km2

306.25 km2

Mineral Licenses & Leases Area


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Comprehensive Drilling Program Over Years – 146 Drill Holes

Completed

Underway

Revised

Pending

Projected (flooded area)

0.75m FPA Layer Thickness

GBM Drilling 2009

BRGM grid S drilling BR or PS Drilling

Drilling 17.7.09 Maille serree autour de SD 5 (GBM 2008)

Zone 2 puits et 4 piezos (GBM 2009)

Drilling History


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FARIM

Overview of P2O5 content in deposit area Satellite view of the main deposit area

The Production License for the exploitation of phosphate ore covers an area of 30,625 ha; The initial focus area (above) of the 25 year mining plan of 68 Mt at 29.9% P2O5 is contained within the

Measured Resource (69 MT at 29.9% P2O5) and Indicated Resource (15 MT at 30.1% P2O5) of the upper FPA upper layer

<26% <28% <30% <32% <34%

Contents P2O5%

>34%

Phosphate Deposits Farim, Saliquinhe

TAMBATO SALIGUINHE

CANICO

1 km

Deposit


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Two Main Phosphate Horizons FPA / FPB

Simplified Cross Section Not to Scale

Ground Level

Overburden Av. 39 meters (clayey sand)

29.9% P2O5

A few meters below

Cut-off 1 meter

FPA

FPB

68 Mt at 29.9% P2O5 (based on 3.3m av. seam thickness)

3.3m

10-15% P2O5

Cut-off 1 meter

MINING FOCUS

Phosphate Horizons – FPA & FPB

69 Mt Measured Resource at 29.9% P2O5 , 15 Mt Indicated Resource at a grade of 30.1% P2O5 and Inferred Resources of 44 Mt at a grade of 29.6% P2O5


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2 1

3

AREA OF HIGH QUALITY PHOSPHATE RESOURCE GRADING 29.9% P2O5 1

2

3

POTENTIAL DIRECTIONS TO EXPAND THE SIZE OF THE RESOURCE

EXISTING RESOURCES

NI 43-101 Resource Comprised of:

69 Mt at 29.9% P2O5 Measured

15 Mt at 30.1% P2O5 Indicated

44 Mt at 29.6% P2O5 Inferred

Deposit Area Open in 3 Directions


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Production Agreement • Includes production license, mining lease and incentive agreement • 100% GB Minerals AG owned (no Government participation) • 25 years duration, renewable for successive period of 25 years

Infrastructure • Port, roads, pipelines, etc. at sole discretion of company • No Government taxes, license fees or other costs

Rights and Obligations • Regulates rights regarding access and use, building of infrastructure,

expats, imports, exporting products, etc. Taxes and Royalties • 10 year tax holiday from start of commercial operations • 2% tax deductible royalty on production

Mining (no drilling or blasting) • Overburden average 39 meters of soft clayey sand, stripping ratio 11.8:1 • Use conventional truck and shovel overburden stripping for upper 7-10 meters • Production rate per annum: 2.76 Mt ROM phosphate ore grading 29.9% P2O5

Beneficiation (no crushing) Recovery (based on BRGM and Champion test work)

Production Agreement & Operational Overview Phosphate Rock

• Screening of >1 mm particles • Sizing: remove <10 micron particles • Magnetic separation to remove iron particles • Slurry pipeline to port (80 km) • Dry product to port at 8 - 10% moisture for shipping • Production rate per annum – 2.16Mt at 8% moisture

• P2O5 recovery: 79.6% • Weight recovery: 72.5% • Product : P2O5 phosphate rock concentrate grading

32.5% P2O5 and 3.5% Fe + Al content - medium grade concentrate 70 BPL

• Production rate: 2 Mt (dry) per annum


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GENERAL • Port, roads, pipelines, etc. at sole

discretion of company • No Government taxes, license

fees or other costs

PORT (SOLE USE) • Located 80 km from mine site and

18 km east of capital city of Bissau • Depth at low tide is 12 meters • Access for 35,000 to 40,000 tonne

vessels directly from the Atlantic • Storage facilities for 40,000 tonnes.

24 hour loading turnaround

ROAD / PIPELINE • World Bank financing construction /

upgrading of existing paved road from Farim to Mansoa (56 Km)

• Existing road (14 km) from Mansoa to Dugal (turnoff to port location)

• Pipeline from Farim to Pointe Chugue (port location) – 80 km to be constructed by company

FARIM

BISSAU

GUINEA-BISSAU

SEA PORT LOCATION

MANSOA

DUGAL

POWER • Install diesel or heavy oil

generators at mine site, ± 10-15 MW

• Recently announcement of 130 MW oil fired power station to be built at Bissau

• Planning power line in future to mine site; financed by World Bank and operated by US company

Phosphate rock mineralization close to surface is open pittable with low cash costs and ease of transportation

On-Site Power

General

Port Location (Sole Use)

Roads / Pipeline

Infrastructure

Barro

Bigene

Binaga

Jabel Olossato

Berecodim

Mansaba

Cutiá

Cubonge

Bindoro Chugue

Nhacra

Cumere

Enxude

Mambonco

Leto

Simbor Buborim

Santancoto

Uenquem

Late

Encheia Blafechuro

Impasse

Clague Nhamate

Flaque Infunde Embande

Gansambo Matar

Bancolene

Nhanfa Cussondome

Jagali Balanta

Bissora

Faca

Jugudul

Senegal


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Feb 2010

Mar 2011

EARN-IN PURCHASE

ADDITIONAL 24.9%

GB MINERALS AG

PURCHASE REMAINING

25% GB MINERALS AG

(50.1%) (75%) (100%)

Start Feasibility

Study

TSX.V Listing Plains Creek RTO

Detailed Engineering & Design

Bankable Feasibility Study

Complete H1 2012

START PRODUCTION

CONSTRUCTION

Nov 2010

NI 43-101 Technical

Report

PURCHASE 50.1%

GB MINERALS AG

Dec 2011

Dec 2012

Dec 2014

Sep 2014

Offtake & Financing

Total Ownership

2010 2014 2011 2012

Corporate & Development Timeline

2013


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• Plains Creek has awarded GBM Minerals Engineering a contract to complete a Feasibility Study on the

Farim Phosphate Deposit, Guinea-Bissau About GBM Mineral Engineering Consultants • GBM Minerals Engineering Consultants Limited (GBM) is an independent firm of engineering consultants

specializing in the development, design and construction of new mining projects and the refurbishment of existing gold, base-metal and industrial mineral ore processing plants. They are experts in the design, engineering, project management, procurement and construction of such plants and are currently providing technical services to the mining industry in Africa, Central Asia, Russia, Europe, Australia, the Americas and the Middle East

• GBM was formed in March of 1994 by the employees of a large North American engineering consultancy following the closure of that consultant’s Gold and Base Metal Mining Projects Centre in London. The Centre had operated as a stable unit with the employees and other consultants working together on international projects for several years. The GBM employees have all worked for significant periods in the worldwide mining industry, and are familiar with the latest work practices and technologies

• GBM has been certified by the British Standards Institution and deemed by them to operate a Quality Management System which complies with the requirements of BS EN ISO 9001:2000

• GBM’s head office is located in Twickenham, 15 km south-west of London City center

“Experts in design, engineering, project management, procurement and construction of process plants…”

Feasibility Study


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CAPITAL EXPENDITURE US$

Feasibility Study 5,000,000

Engineering and Design 23,155,000

Overburden Removal 21,220,000

Infill Drilling + Exploration 5,228,000

Geology / Hydrology 500,000

Mining 25,000,000

Processing Plant 77,600,000

Power Plant 12,000,000

Water 1,850,000

Mine Site + Infrastructure 16,045,000

Roads & Pipeline 58,750,000

Port 35,700,000

General Overhead 6,084,000

TOTAL EXPENDITURE $288,132,000

TOTAL EXPENDITURE WITH 25% CONTINGENCY $360,165,000

OPERATING COST per tonne US$

Mining 25

General Expenses 5

Processing 15

Power + Water 10

Pipeline 3

Port 2

TOTAL COST per tonne $60

TOTAL COST per tonne with 10% contingency $66

Capital & Operating Costs

Source: NI 43-101 PEA


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Discount Rate NPV (1,2)

10% $254 million

12% $180 million

15% $104 million

NI 43-101 PEA Financial Model

Source: NI 43-101 PEA 1. Does not factor contingencies 2. NPV discounted to 2010 as per NI 43-101 PEA

FINANCIAL MODEL(1) 2011 2012 2013 2014 2015 2016 2017 - 38 Production

ROM ('000 tonnes) 1,380 2,760 2,760 2,760 2,760

Recovery by Wt (%) 72.50 72.50 72.50 72.50 72.50

Phosphate Rock (‘000 tonnes) 1,001 2,001 2,001 2,001 2,001

Price Phosphate Rock (US$/t) 100 100 100 100 100

Sales (US$ '000s) 100,050 200,100 200,100 200,100 200,100

Operating Cost /tonne (US$) 60 60 60 60 60

Total Operating Costs (US$ '000s) 60,030 120,060 120,060 120,060 120,060

EBITDA 40,020 80,040 80,040 80,040 80,040

CAPEX (US$ '000s) 6,084 106,917 169,181 10,100 10,100 10,100 10,100


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Sensitivity Analysis

NPV Sensitivity (US$mm) (1)

NPV (US$mm) Capex & Opex Contingency Sensitivity (15% Discount Rate)

IRR

90%

75%

58%

41%

24%

$200

$175

$150

$125

$100

Source: NI 43-101 PEA Financial Analysis 1. Does not factor contingencies

Phosphate Rock Price (US$/tonne)

###### $100 $125 $150 $175 $200

0% $104 $303 $502 $702 $901

10% $83 $282 $481 $680 $879

15% $72 $271 $470 $669 $869

20% $61 $260 $459 $659 $858

25% $50 $249 $449 $648 $847

Cape

x Co

ntin

genc

y

Phosphate Rock Price (US$/tonne)

###### $100 $125 $150 $175 $200

0% $104 $303 $502 $702 $901

3% $92 $291 $490 $690 $889

5% $80 $279 $478 $678 $877

10% $56 $255 $455 $654 $853

13% $44 $243 $443 $642 $841

Ope

x Co

ntin

genc

y

Discount Rate

$104.00 10% 12% 14% 15% 16%

$100 $254 $180 $125 $104 $85

$125 $581 $445 $344 $303 $268

$150 $908 $710 $562 $502 $450

$175 $1,236 $975 $781 $702 $632

$200 $1,563 $1,241 $999 $901 $815

Phos

phat

e Ro

ck P

rice

(US$

/ton

ne)


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INDIA CHINA

WESTERN EUROPE USA

BRAZIL

Global Phosphate End-Markets

Main Phosphate End-Markets Phosphate Concentrate Market – 179Mtpa

Merchant Market (1)

Vertically Integrated

23%

77%

1999

2010

PLAINS CREEK PRODUCTION

2 MILLION TONNES PER

ANNUM

Source: CRU 1. Merchant market calculated as world exports as a percentage of total production

Decreased proportion of phosphate rock sold in merchant markets, presenting a greater opportunity

Merchant Market (1)

Vertically Integrated

16%

84%

Proximity to global key end-markets with strong demand for phosphate rock concentrate


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Source: World Health Organization, Food and Agriculture Organization (FAO)

1.5

1.7

1.9

2.1

2.3

2.5

2.7

2.9

3.1

3.3

1964-66 1974-76 1984-86 1997-99 2015E 2030E

Thou

sand

s of

KC

al p

er C

apita

per

Day

Worldwide Daily Food Consumption per Capita Arable Land per Capita

0.0

0.1

0.2

0.3

0.4

0.5

1961 1966 1971 1976 1981 1986 1991 1996 2001 2006

Hec

tars

of A

rabl

e La

nd p

er P

erso

n

Increasing populations and consumption are straining global food supply and increasing the need for fertilizers

Calories consumed per capita expected to increase by ~30% (1964–2030)

Arable land per capita has decreased ~50% since 1964

Fertilizer Demand Driven by Demographics


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0

300

600

900

1200

1500

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

(US$

/tonn

e)

DAP - Historical Phosphate Rock - Historical

Source: Food & Agriculture Organization of the UN

Global phosphate consumption expected to grow by 45% from 2005 to 2030 leading to higher fertilizer prices

Top 4 Countries (2009): China 34% India 19% USA 9% Brazil 7%

Asia55%

North America

14%

Europe12%

South America

10%

Other9%

Global Phosphate Consumption 2002

Asia66%

North America

10%

Europe8%

South America

10%

Other6%

2009

Consumption outpacing production by an average of 0.2% annually

Historical Phosphate Prices

Consumption: 34Mt

Production: 36Mt Production: 40Mt

Consumption: 38Mt


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• Farim Phosphate Project is a development project with world class potential: high quality mining resources, proximity to existing infrastructure and global end markets and robust project economics with production license and incentive agreements in place

• Attractive long term phosphate industry fundamentals: Pricing has doubled in the last few years to sustainable levels and global markets are positive on the fundamentals for fertilizer companies

• Company strategy to advance Farim Phosphate Project to production at 2 Mt phosphate rock concentrate per annum; straight forward mining and simple beneficiation process

• Significant exploration & resource expansion potential – open in 3 directions and large lower grade phosphate zone underlying main deposit; additional 1,741.61 km2 exploration license

• Two NI 43-101 engineering studies: NI 43-101 Technical Report – Preliminary Economic Assessment completed NI 43-101 Feasibility Study underway – expected completion in H1 2012

• TSX Venture listed – TSX.V-PCP

• Plains Creek is one of few select opportunities for public investors to participate directly in a pure play

phosphate rock development stage company with robust project economics

Summary


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Glenn Laing B.Sc. Eng (Mining Geology) and M.Sc. (Mining Engineering) – CEO & President Mr. Glenn Laing has over 30 years experience in the mining and financial industries including over 25 years in the position of President / Managing Director of mining and exploration companies. Mr. Laing was president and CEO of St. Andrews Goldfields form 2001-07. During his tenure at St. Andrews he raised in excess of $100 million for its gold mines and exploration assets. Today, St. Andrews is on its way to being a 200,000 ounce per year gold producer based on assets that Mr. Laing put together. Over the span of his career Mr. Laing has raised in excess of $1 billion for mining exploration and development projects.

John Reynolds – Chairman & Director

Mr. Reynolds career includes substantial experience in venture capital development, consumer products marketing, resource sector development and elected political office, both federal and provincial. Mr. Reynolds began his career in the sales and marketing field but has spent the last 35 years in the political arena, with a career that includes the positions of Member of Parliament; Minister of the Environment for BC; and Official opposition House Leader for the Conservative Party, to name a few. John was appointed as a Senior Strategic Advisor to McMillan LLP law firm in Vancouver and has been appointed as a member of the Queen's Privy Council for Canada.

Paul C. Jones B.Sc. Mining Engineering. P. Eng. – Director

Mr. Paul Jones has served in numerous engineering, operations, senior management, consulting positions and director in public and private companies active in the Americas, Africa and Asia during his long career (+40 years) in the mining industry. Mr. Jones is a Legion of Honor member of the Society of Mining Engineers where he has been a member since 1958, and is a member and officer of the Mining and Metallurgical Society of America. In February 2004, Mr. Jones received the William Lawrence Saunders Gold Metal from the American Institute of Mining, Metallurgical and Petroleum Engineers in recognition of his service to the public and the minerals industry.

Directors & Management


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Mr. Guocai Liu – Director Mr. Liu, since 2006, has been the Chairman, Chief Executive Officer, President and a director of Migao Corporation, a producer of fertilizers for the high-value agricultural Chinese market. Since 2000, Mr. Liu has also been the General Manager and Chief Executive Officer of Liaoning Yongcheng Economic Trade Development Co., Ltd. He was also a director of IND Dairytech Limited from 2007 to August 2010. Mr. Liu has been engaged in the chemical import and export trade, research and development, and construction of chemical products for more than 16 years. Mr. Liu graduated from the Jianghan Petroleum Institute of China (formerly Changjiang University) in 1987 and also holds a Master's Degree in economics from Liaoning University. Mr. James Xiang – Director Mr. Xiang is the President of China Mineral Resources Limited ("CMRL") and President of CNX Consulting Inc., which provides accounting and financial advisory services to Chinese companies that are seeking listing, financing and M&A opportunities in North America. CMRL holds 31,000,000 common shares of the Company. Mr. Xiang has worked in corporate finance management in numerous TSX listed companies. Mr. Xiang holds a Bachelor of Arts from Huazhong University of Science & Technology in China and a Masters of Business Administration from York University. Mr. Xiang is a Certified Management Accountant (Ontario) and a Certified Public Accountant (Delaware). Mr. Kirill Zimin – Director Mr. Zimin has been a partner in Aterra Capital since 2011. Before that Mr. Zimin worked as an independent M&A adviser in the junior mining sector which included also being Head of Business Development in Africa for Severstal Resources, a division of OAO Severstal. Mr. Zimin graduated from Moscow State University with a law degree, has previously held directorships of multiple mining companies and has extensive experience in business development and corporate governance. Carson Phillips – Corporate Development & Director Currently, Mr. Phillips is also a director of Ecuador Capital Corp., a private company focused in Ecuador. He has management experience both domestically and internationally having a tenure with the International Chamber of Commerce in 2004 located in Paris, France. Mr. Phillips has a degree in Business Administration from UBC Okanagan as well as a degree in International Business from the Netherlands.

Directors & Management


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Common Shares

Founders & Management 38,000,000

WAD Consult – Owners of 49.9% GB Minerals 101,000,000

Common Shares 228,564,588

Shares Outstanding 367,564,588 Options 25,095,000

Warrants 19,759,298

Fully Diluted 412,418,886

Capital Structure


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TSX.V-PCP

Phosphate Developer Peers

Equity Net Debt Price / Enterprise Resources Average GradeValue (FDITM) (Cash) NAV (1) Value M&I Inferred M&I Inferred

(US$mm) (US$mm) (multiple) (US$mm) (Mt) (Mt) (% P2O5) (% P2O5)

PHOSPHATE ROCK OPERATIONS

Stonegate $170 ($29) 0.52x $122 59 462 16.7% 11.6% nmf nmf nmf

Minemakers $81 ($18) 0.18x $63 377 2,356 18.7% 18.3% 6.0 $60 $87

Aguia $79 ($13) na $62 na 45 na 12.0% na na na

Minbos Resources $25 ($6) na $8 na na na na na na na

Average $89 0.35x $64 218 954 17.7% 14.0%

Median $80 0.35x $62 218 462 17.7% 12.0%

INTEGRATED OPERATIONS

MbAC $294 ($117) 0.60x $156 59 58 5.0% 7.3% 4.5 $119 $112

D'Arianne Resources $143 ($9) 0.74x $122 86 287 7.2% 5.7% 3.0 $106 $71

Legend $72 ($11) na $43 196 na 14.6% na 2.0 $415 $328

Phoscan $53 ($65) 0.29x ($11) 62 56 23.6% 21.9% 1.2 $770 $288

Sunkar $31 $5 na $35 266 182 10.4% 10.6% 5.0 $176 $184

Average $119 0.54x $69 134 146 12.2% 11.4%

Median $72 0.60x $43 86 120 10.4% 8.9%

Total Mean $105 0.47x $67 158 492 13.7% 12.5%

Total Median $79 0.52x $62 86 182 14.6% 11.6%

Plains Creek $26 ($3) 0.14x $47 84 44 29.9% 29.6% 2.8 $104 $60

Capex(US$/tonne)

Cash Cost(US$/tonne)

Project Rock Capacity

Source: Company Reports, Equity Research 1. NAV’s are unfinanced for equivalency


TSX.V-PCP


TSX.V-PCP

Contact

Carson Phillips Suite 1660 - 401 West Georgia Street

Vancouver, BC V6B 5A1 Tel: 604-657-5871

Email: [email protected]

Date post:	11-Nov-2014
Category:	Investor Relations
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Plains Creek Phosphate (TSX.V - PCP) - Corporate Presentation

Investor Relations