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Qualified Person : Under the terms of NI 43-101,
David Cass, B.Sc., M.Sc., P.Geo., President, of
1 Focus
is the Qualified Person responsible for the technical
information given in this presentation.
Phosphate : What is it, and why is it so important ? 2
• maximize yields 50
• accelerate maturity INDUSTRIAL &
40
• increase disease resistance HEALTHCARE 10%
Detergent
30
Projected 200% increase in meat consumption Toothpaste
Pharmaceuticals
globally, pressures supply of phosphate 20
supplemented feed.
10
Brazil Jordan
China
Brazil
Jordan
Morocco and China Tunisia
W. Sahara Russia Israel
Egypt
Source: USGS 2012 Morocco and W. Australia
Sahara
Peru
Syria
Supply is unstable and reserves are inequitably United States
South Africa
distributed geographically ROW
Key factors affecting access
• Finite reserves: diminishing supply • China, Morocco and the USA account for
• Geo-politics: conflicts and instability at 2/3rds of World Production
source. Sanctions, export tariffs and quotas • Most of China’s production is used
• Geography: distance to market domestically
• Domestic need at source
Mine Production Demand for Phosphate Rock India and Europe very dependent
in 000’s tonnes Imported tonnes shown as a % of tonnes on imports for their phosphate
phosphate rock produced regionally supply
000’t 2011 Overview of Phosphate Producing Regions %
80,000 800.0
70,000 700.0
60,000 600.0
50,000 500.0
40,000 400.0
30,000 300.0
20,000 200.0
10,000 100.0
0 0.0
AFRICA EAST ASIA NORTH WEST ASIA E. EUROPE & LATIN AMERICA OCEANIA SOUTH ASIA EUROPE
(CHINA) AMERICA C. ASIA (INDIA)
Through 2018 South America will lead global demand for phosphate, driven by
strong growth in Brazil...followed by China, N America and India
5%
FSU
16% 23%
NORTH AMERICA
CHINA / EAST ASIA
Forecast increase in
16% 4%
global phosphate (P2O5)
demand 2009 – 2018E = 14
million tonnes (P2O5)
expressed as a % for each
region
26%
SOUTH AMERICA
INDIA
SE ASIA
…but 96% of global phosphate rock reserves are located in the northern hemisphere,
in geographical clusters, with 85% in Morocco, Western Sahara and Algeria
1.9%
2.1%
NORTH AMERICA
MIDDLE EAST
1.6%
SOUTH AMERICA
2.2%
SOUTH AFRICA
• Source : USGS, 2012
** Current world fertilizer trends and outlook to 2016, Food and Agricultural Organization of the United Nations, Rome 2012
* Deutsche Bank/British Sulphur
www.focusventures.com 15
March 11, 2011
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