Company Profile

The Vision

Minemakers aims to strongly enhance shareholder wealth by developments of its two world-class phosphate projects. It intends to produce rock phosphate and downstream fertilisers.

Highlights

Wonarah Phosphate, Australia (100% Interest)

• Work has turned to identification of ways to lower costs and to optimise and expand development of the project, which is Australia’s largest phosphate deposit. Attention is now focussed on downstream processing to fertilisers and other phosphate products and a recent independent Enabling Study has indicated robust economic outcomes for this development model.
• Definitive Feasibility Study for a Direct Shipping Ore (“DSO”) operation was completed and is positive, but is now not viewed as an optimal development of the massive deposit.
• Mining Agreement has been signed with the Traditional Owners for the full development of Wonarah.
• Minemakers is currently negotiating, under the terms of an MOU, a JV with India's largest mining company, NMDC. The overall aim is to gain access to the large funds required for construction of large scale downstream fertiliser manufacturing facilities.
• In August 2010, a Licence Agreement and a Subscription Agreement were signed with JDCPhosphate Inc (“JDC”), of USA.
• The JDC dry kiln process seems to have clear capital and operating cost advantages compared to conventional wet process acid techniques, considerable positive environmental aspects, and can make the higher value super phosphoric acid, or SPA.

Sandpiper, Namibia (42.5% Direct Interest and 6.4% Indirect Interest)

• Marine mining will be by existing conventional dredging technology.
• Scoping Study has been completed.
• Feasibility Study is well advanced, and scheduled for completion by the end of 1Q 2012.
• Pilot scale beneficiation testwork is under way in Johannesburg and initial results are meeting expectations.
• Marketing of beneficiated phosphate rock product will begin in 4Q 2011.
• A 2,233sq km Mining Licence has been granted.
• Capital and operating costs are likely to be low, enabling possible relatively easy finance procurement, and for the operation to have excellent returns.
• The JV has initiated testwork to produce superphosphoric acid by the JDC dry kiln technique with initial encouraging results.
• Other testwork to produce phosphate fertilisers from Namibian feed rock are also positive.

 Port Keats Salt, Northern Territory (100% interest)

• The target salt dome, which straddles the Northern Territory coastline provides the potential for Minemakers to become a large producer of salt, for petrochemical and chemical uses, and potash for fertiliser.

Corporate

• The original ASX listing has been augmented by listing on the Namibian Stock Exchange in July 2010 and the Toronto Stock Exchange in September 2010.
• 30 November, 2011 cash was $9 million, the Company is debt free and has liquid investments in ASX-listed companies to the value of $8 million as at that date.