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Investment Highlights

INVESTMENT HIGHLIGHTS

Management + Company

  • Strong, experienced Management & Directors with an established and successful track record
  • Management and Insiders hold app 40% of the outstanding shares
  • Longterm fully supportive advisors to the Company are former senior members of the BLM at federal and regional levels

Significant Project Area Advantages

  • Successful operating solar solution mine 15kms away (Intrepid Potash “IPI” Moab Plant)
  • Moab Plant is a longstanding and successful operation (operated for 40 years with >120 of mine life remaining)
  • Exact same potash horizon as mined at Moab Plant underlies Company’s Project area
  • Solar Solution mines in the region are lowest quartile OPEX and CAPEX operations (insitu leach + solar evaporation ponds)
  • Solar solution mines are highly scalable and able to spread development costs over multi-year period
  • Close-to-market location provides substantial higher sales price than competition (last quarter Intrepid Potash sale price provided a +US$90/tonne MOP premium over Potash Corp., Sask.)
  • USA is one of the highest volume purchasers of Potash in the world that imports 85% of annual requirements from Sask.
  • Geopolitically stable
  • Excellent infrastructure in place (proximal to townsite, rail, highway, power and water)

Project Area Geological Attributes Are Exceptionally Compelling

  • High geological confidence (numerous historic oil wells and seismic surveys reveal high-grade thick and continuous potash bed)
  • Extensive Exploration Target ranging from 600 million to 1 billion tonnes grading 19-29% KCl (technical report from respected international engineering firm) underlies Project Area
  • Large Scale
  • Potash Mineralogy is simple and straightforward
  • Terrain provides ample flexibility for development planning
  • Low Risk

Permitting

  • Comprehensive Environmental Assessment covering Project area completed by government highlights Project area suitable for potash leasing and development
  • Awaiting publication of the US federal BLM’s Master Leasing Plan to ratify Project area’s classification for potash leasing
  • Application for 12 potash prospecting permits, covering Exploration Target ranging from 600 million to 1 billion tonnes grading 19-29% KCl, recently submitted to the BLM.

Exploration Plan

  • Aggressive Exploration Plan to delineate Cycle 5 Potash Exploration Target pending granting of Potash Prospecting Permits

Potash Market

  • Potash price appears to have bottomed out and is projected to improve (global average = $300/tonne recent quarter and $400/tonne over last 4 years)
  • Reliable future demand and strengthening price forecast
  • Highly amenable to merger and/or acquisition (favorable exit strategy potential)
  • High OPEX/CAPEX proposed competitor operations highly questionable

 

Investment Highlights – Printable Version

Technical-Report-NI-43-101

 

† NI43-101 Technical Report on the Green River Potash Project – July 10, 2012 – Agapito Associates Inc.  It should be noted that Exploration Targets are conceptual in nature and there has been insufficient exploration to define them as Mineral Resources, and, while reasonable potential may exist, it is uncertain whether further exploration will result in the determination of a Mineral Resource or support a PEA report under NI 43-101.  The Potash Exploration Targets are not being reported as part of any Mineral Resource or Mineral Reserve.

* The prefix ‘e’ in eKCl indicates that the grade was estimated utilizing the response from the gamma ray log surveys and was not measured from chemical analysis of the core.

‡ Source: Integer Research, IFA

Readers should note that this website contains,  other than purely historical information,  assumptions, projections and other forward-looking statements, including without limitation, the potential occurrence of potash mineralization, Exploration Targets, Mineral Resources, market sector analysis and consumption forecast rates.  These statements are predictions only and involve numerous assumptions and known and unknown risks and uncertainties, both general and specific to the Company and the industry in which it operates.  Actual events or results may differ materially. The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness.

These assumptions should be considered carefully by readers.  Readers are further cautioned that the foregoing list of assumptions is not exhaustive. Although the Company believes that the assumptions on which the forward-looking statements or information are made are reasonable, based on the information available to the Company on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct.

Readers should note that Exploration Targets are conceptual in nature and there has been insufficient exploration to define them as Mineral Resources, and, while reasonable potential may exist, it is uncertain whether further exploration will result in the determination of a Mineral Resource or support a PEA report under NI 43-101. The Potash Exploration Targets are not being reported as part of any Mineral Resource or Mineral Reserve.

The 12 new federal potash prospecting permit applications, analogous to and encompassing the same area as the original 12 prospecting permits recently denied for reinstatement as announced on September 21, 2015, underlie and make up a substantive part of the Project.  The Company believes that there are strong grounds to anticipate the granting of the potash prospecting permits, however the Company can provide no guarantee or assurance as to whether the outcome will transpire as anticipated.