Chatham 2021 AGM Results

2021 AGM Presentation
www.rockphosphate.co.nzTSX.V: NZP

Disclaimer
This Presentation is not a disclosure document, nor does it constitute the provision of financial
advice or a recommendation to buy or sell shares. The Presentation was prepared from
information available at the time of preparation.
Neither Chatham Rock Phosphate (“CRP”), its related bodies corporate, officers, or advisors
makes or gives any representation, warranty or guarantee in relation to the Presentation, whether
orally, in writing or in any form whatsoever, (“Information”) to the Recipient. The Information is
provided expressly on the basis that the Recipient will carry out its independent inquiries into the
information, and seek appropriate financial advice.
CRP reserves the right to update, amend or supplement the information at any time in its
absolute discretion, without incurring any obligation to do so.
The Presentation contains certain forecasts and forward-looking information, including
information about possible or assumed future performance, exploration results, resources or
potential growth of CRP, industry growth or other trend projections. Such forecasts and
information are not a guarantee of future performance and involve unknown risks and
uncertainties, as well as other factors, many of which are beyond the control of CRP.
Actual results and developments may differ materially from those expressed or implied by these
forward-looking statements, depending on a variety of factors. Further information about CRP
and this project is available at www.rockphosphate.co.nz
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Table of Contents
Company objectives
The Chatham Rise Project
Avenir Makatea Merger
Korella Mine Acquisition
Rare Earths
Phosphate Prices
Looking ahead
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Objectives
Overall objective –To reach a sales goal of 2 million tonnes per annum by 2027 by
bringing several phosphate projects into operation progressively over the next 6 years.
Our Own Projects -The Korella Mine in Queensland in Q1 2022 will be the first,
followed by Makatea in 2024 and Chatham Rise operation in 2026. While this sounds
ambitious the projects have been slated for a long time and they have reached the
point of coming into reality.
Trading phosphate -Supplementing growth in sales of our own phosphate, by buying
selected low cadmium phosphate to bring in cash flow
Establishing several granulating plants to increase sales and operating margins to meet
our projected sales targets into the organic and regenerative farming sector.
Investigate and establish the viability and implement recovery of rare earths as a by-
product. There are significant quantities of REE at Korella and on the Chatham Rise
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Chatham Rise Rock Phosphate –location
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Chatham Rise –the key facts
oIncreasingly valuable and strategically located mineral deposit with a
granted mining permit
oWell-defined and well-studied deposit with knowledge gained by spending
~ $NZ 100m since 1966
oWe have completed feasibility studies in conjunction by our technical
partner Boskalis who will contract mine for us
oA market for our product and a strong competitive position –location,
product characteristics, security of supply
oA great management team
oWe don’t have a granted environmental permit but now anticipate that our
reapplication can be funded by operating cash flows from Korella
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Merger with Avenir Makatea
In December 2020 we announced a proposed merger with French
Polynesia based Avenir Makatea
Avenir Makatea has since 2010 been working closely with the many landowners of
Makatea as well as the residents of the Commune of Rangiroaand the Government
of French Polynesia to use the recovery of phosphate as the means to rehabilitate
the previously mined land.
At the same time the company has worked to create long term sustainable
development of the island by way of development of eco-tourism.
Avenir Makatea has a well-advanced marketing programme, including Organic
Materials Review Institute (OMRI) certification enabling the Makatea phosphate to
be sold into the US and Canadian organic market.
Following a lengthy approval process we completed the acquisition in June 2021
and issued a total of 17,857,738 shares to the former Avenir shareholders with
Colin Randall joining the CRP board as an executive director
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Acquisition of the Korella Mine
On14October2021weannouncedthatwehadsignedaTermSheettoacquirethe
KorellaphosphatemineinAustralia.FinalnegotiationoftheSaleandPurchase
Agreementisnowproceeding.
ThisC$11.2macquisition,subjecttocertainconditionsincludingTSX.Vapproval,
willbefundedbyacashpaymentof$C280,000,anissueofCRPsharestothevalue
of$C1.8mand$C9.1minroyaltiespayableinrespectofthefirst1Mtofrock
phosphatesold.
TheKorellaMineisonminingleaseML90209,inforceuntil2033locatedinNorth-
WestQueenslandapproximately150kmsoutheastofMt.Isaandadjoinsthe
PhosphateHillMineownedandoperatedbyIncitecPivot.
While export options through the Port of Townsville have been considered, the
Korella Mine will predominantly service the growing domestic demand for
competitively priced fertilizers.
Korella phosphate is low cadmium, direct application phosphate, with a low
carbon footprint, suitable for the organic and regenerative farming sector.
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Rare Earths
In addition to the significant low cadmium phosphate resource at Korella,
exploration within the mining lease identified a rare earth element (REE) yttrium
resource.
Other valuable heavy rare earth elements (HREE) such as dysprosium (Dy) and
neodymium (Nd) were also identified as being associated with this identified
yttrium resource.
Monetisation of the REE resource is part of the Company’s overall plan for the
Korella Mine. REE recovery options will be the subject of ongoing investigations.
This complements existing initiatives within the Chatham Rise project
Several years ago we formed a 100% owned subsidiary Pacific Rare Earths Limited.
(PRE) in order to quantify the extent, value and recoverability of rare earths and
other potentially strategic or valuable minerals contained in the rock phosphate
nodules on the Chatham Rise and in the seafloor muds that surround them

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For SSP Use
For RPR Use
Overseas TSP (adj)
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Est Ave. Price
Mining Cost
Phosphate Prices are increasing dramatically

Looking Ahead
The acquisition of Avenir Makatea and Korella are the first
steps in our strategy to building an international phosphate
mining and trading house with a focus on low cadmium,
organic phosphate.
Shareholders can expect to see further initiatives coming to
fruition in future months and years.
Colin Randall will now make a further presentation providing
more detail on Avenir Makatea and Korella
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Makatea -cliffs
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Makatea –Cannon –vestiges of the past
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Makatea –Landscape –to be rehabilitated
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Mission accomplished –the exploration team –
safety first
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Management –with opposition
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Korella –Mine Gate with stockpiles
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Korella –about to enter the trial cut
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Korella –sampling in the trial cut
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2021 AGM Presentation
www.rockphosphate.co.nzTSX.V: NZP