June 2016 Edenvi nville lle Energ rgy y plc lc Company any Prese esent ntat ation ion March h 2018 8 AIM code: EDL www.edenville-energy.com
Key y Facts cts and Strat rategy y KEY FACTS Listed on the London’s AIM Market, focussed on the Rukwa Coal to Power project in Western Tanzania Rukwa coal mine operational – ramp up production in 2018 supplying coal to East Africa industries Pre-development stage on the Rukwa Coal to Power Project – opportunities for Stage 1 120 MW Plant with potential for 300 MW Directors and management team all have extensive technical, commercial and corporate experience with several decades developing mines or power plants STRATEGY Near Term : To initiate commercial mining operations at the project - Construction Completed, in commercial production since Q4 2017 To advance the Rukwa Coal to Power Project through its pre-development to construction – Tanzanian Ministry of Energy and Minerals (MEM) have requested the Project move ahead to development in parallel with its transmission development Long Term : To fully monetise the Rukwa coal deposit through the development of a mine mouth coal-to-power project providing electricity to the Tanzanian grid system 2 www.edenville-energy.com
Corporate rate Info form rmati tion Edenville Energy: Thermal coal developer in Tanzania Developer of Tanzania’s brownfield Rukwa Coalfields with a measured & indicated resource of 170Mt Share Price Performance Company Capitalisation Shares on Issue 1,336,317,798 Warrants and Options 293,678,147 Fully Diluted 1,629,995,946 0.33 – 1.19p 12 month share price range Share Price (13/03/2018) 0.54p Market Capitalisation £7.28M Source: [Yahoo] Board and Management Major Shareholder Jeffrey Malaiholo Non-Executive Chairman TD Direct Investing Nominees (Europe) 12.90% Rufus Short, CEO CEO Barclayshare Nominees 10.79% Arun Srivastava NED Hargreaves Lansdown (Nominees) Ltd 10.40% Jim Nominees Limited 8.00% HDSL Nominees Limited 6.81% Rakesh Patel Finance Consultant (former CFO) WB Nominees Limited 5.30% HSBC Client Holdings (Nominees) Ltd 3.70% 3 www.edenville-energy.com
Board rd and Managemen ment t Team Jeffrey Malaihollo, Non Executive Chairman – 23+ experience in varied roles within resources and finance. A PhD in Geology having worked for Newcrest Mining and Rio Tinto. A mining analyst with Loeb Aron, a corporate finance firm in London, followed by several years of CEO/MD roles with AIM-listed Central China Goldfields, AIM-ASX listed Bullabulling Gold and ASX-listed Arc Exploration. Currently a Director of Copper Lake Resources, a TSX-V listed company. Rufus Short, CEO – 26 years+ experience in the resources industry in Australia, UK, Asia and Africa. Minerals Surveyor with MSc in Mineral Economics. Previously 6 years as an investment banker with Investec plc working on debt management , hedge funds, listed and private equity investments. Extensive experience in engineering and development of remote coal, gold, silver and copper mines in Australia, Indonesia, Laos and the FSU. Arun Srivastava, Non Executive Director – Previously CEO and founder of Essar Power India. 40 years experience in the power industry, spread across the turnkey development and operation of power plants, acquisition of fuel sources, liaison with regulators and industry representation; significant exposure to complete management of large size power projects, particularly coal and gas based projects. Rakesh Patel, Company Accountant – 21 years+ as a Chartered certified accountant ; extensive experience in corporate finance, mergers, divestments and acquisitions, private placing and stock market flotation. Acted in 30 + AIM admissions and transactions. Interim / part-time director to private and public companies. Corporate finance partner at Adler Shine LLP, a London based firm of Chartered Accountants. 4 www.edenville-energy.com
Rukwa wa Coal l to Power Proje ject ct Rukwa wa Regio ion - Tanza zania ia Tanzania – Part of the East Africa Power Pool (EAPP) Project located in Western Tanzania - opportunity for Coal and Power Coal Mine and Wash Plant Construction Completed Long Term Opportunity to Develop up to 300MW of Power Supply 5 www.edenville-energy.com
Key Poin ints ts - Minin ing MINING PROJECT AT ADVANCED STAGE Construction Completed with Mining and Washing Operations Started Asset quality and scale – 173 million tonnes JORC resource + exploration upside – Thermal power plant quality coal – Typical washed values 5,500kcal, Ash 20%, Moisture 5% Mining Environmental Impact Assessment Certificate granted Mining Licence Granted over Mkomolo Tanzanian Government directive to ban or restrict coal imports provides potential market opportunities 10 Year Mining Plan developed to open up both commercial mining opportunities and coal to power Wash Plant construction completed and operational Production profile of up to 10,000 tonnes per month of processed coal by early 2018 Opening up of the coal mine is confirming both the quality and magnitude of fuel for the planned future development of the power project Supplying to several customers in Tanzania and East Africa 6 www.edenville-energy.com
Proje ject ct Deve velo lopment Top: New Edenville Volvo EC300 Excavator Top: New Road to Mine Bottom: Mkomolo Coal Top: Plant Site; Centre: Road Construction Drainage; Bottom: Crushed Coal Stockpile Bottom: Wash Plant arriving in Tanzania 7 www.edenville-energy.com
Proje ject ct Product ctio ion Top: Washed Coal Stockpile Top: New Road to Mine Top: Mining Coal Bottom: Mining Upper Seam Coal Bottom: Wash Plant 8 www.edenville-energy.com
Minin ing Proje ject ct Metr trics ics MINING PROJECT IN PRODUCTION Construction Completed with Mining and Washing Operations Started Capital expenditure to commissioning of approximately USD2.1m Monthly throughput target of 10,000 tonnes by early 2018 Project is owner operated – means of production are in the Company’s hands Mining is managed by Edenville and a mix of owner operated fleet with haul trucks and support equipment from a local Tanzanian contractor The wash plant is owned and operated by Edenville – Results in considerable saving on plant processing costs compared with using contract washing facility Supplying variable sized products including 10-30mm, 30-70mm and 70-90mm and fines (0-10mm) 9 www.edenville-energy.com
Transp sport t and Logist istic ics s Infrast frastructu cture The mine is located in a strong position in western Tanzania for transportation and logistics ______ Excellent road network north and south of the project Multiple road access to Zambia going south ______ Lake Tanganyika provides barging options to take coal north to NW Tanzania, Burundi, Rwanda and the DRC ______ Access to the rail network via Mpanda Rail network of Tanzania undergoing major upgrade for both freight and passenger services 10 www.edenville-energy.com
Sumbawan wanga and Site te Area Centre: New +200km Road Connection near Top: Community assistance to local Top: Airstrip in Sumbawanga site schools Bottom: Old Namwele Pit Workings Bottom: Sumbawanga – Regional Centre 11 www.edenville-energy.com
Key Poin ints ts – Power r Deve velo lopment POWER DEVELOPMENT KEY POINTS Edenville Energy plc have formally been asked to move forward plans on a coal fired thermal power project at Sumbawanga by the Ministry of Energy and Minerals (MEM) Edenville Project Concept Study already accepted and approved by Tanesco Rukwa Power Project is part of the “MEM Power System Master Plan 2016 Update” MOU signed with Sinohydro of China who will complete the Bankable Feasibility Study Previous Lahmeyer (India) Feasibility Study on 120MW Project indicates strong economics of +20% IRR – expansion potential to fully utilise resource Independent Financial Model Developed which supports strong economics of Lahmeyer study – NPV10 $252m; +20% IRR Updated mineable resource assessment and bulk sampling shows majority of coal can be fed to power plant with only minimal washing treatment required – thus providing a considerable cost saving on fuel Power Plant Environmental Impact Assessment Study underway – approx 40% complete Moving forward in 2018 towards development alongside Sinohydro and the Tanzanian Authorities 12 www.edenville-energy.com
Regio ional l Power r Landsca scape Planned New 400KV transmission line linking north- south within 7km of Rukwa Tanesco Planned National Grid System Part of “East Africa Power Pool” development plan, which will see a total of 2,302km under construction between Kenya, Tanzania and Zambia (ZTK Project) Completion of NW Powerline Project planned for 2020 Updated Feasibility Study on transmission line completed by international consultants for Tanesco – Project undergoing regulatory and funding requirements Construction of Mbeya to Sumbawanga section planned in parallel with Rukwa Coal to Power Project Minemouth Power Plant Scenario Rukwa is strategically positioned for regional power consumption 13 www.edenville-energy.com
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