maxima silica investor presentation july 2020...ltd for silica rock minerals: the area comprises of...
TRANSCRIPT
Maxima Silica Investor Presentation July 2020
Company Overview and History
Maxima Holdings Ltd (the “Company”), through its subsidiary Sterkfontein Crushers Pty Ltd, holds a mining right on the property Bultfontein259JQ, portion 3 (a portion of portion 1);
The mine is located near Boshoek in the Bojanala Platinum District Municipality of Rustenburg District in North West Province of South Africa. Itlies approximately 25km NW of Rustenburg;
The silica mine was acquired in 2011. Prior to the acquisition of the silica operation by the Company, mining operations were carried on at a verysmall scale, typically less than 1,000 tonnes per month. Following the acquisition, the Company expended capital on refurbishing and upgradingthe processing plant and embarked on a production and marketing drive to increase production in a sustainable fashion to reach a processingcapacity of 5000 tonnes a month;
The operating company, Maxima Silica (Pty) Ltd (“Maxima Silica”), mines, beneficiates and sells silica sand to customers in the area;
The Company is 100% owned by Incubex Minerals Ltd as from 22 November 2017, a BEE compliant company with 62% BEE;
The Company is managed by MD Yolandie Kleingeld and her management team.
Incubex Minerals Ltd
100%
Maxima Silica (Pty) Ltd
(Operational Company)
Maxima Assets (Pty) Ltd
(Dormant)
100% 100% 100%
Sterkfontein Crushers (Pty) Ltd
(Holder of Mining Right)
MAXIMA HOLDINGS(PTY) LTD
Corporate Structure
Mining License
• The Mining Right NW30/5/1/2/2/471MR
was granted to Sterkfontein Crushers (Pty)
Ltd for silica rock minerals:
The area comprises of 146.76 hectares
being portion 3 (portion of portion1)
of the farm Bultfontein 259JQ.
This mining right commenced on 10
March 2014 and will continue in force
for a period of 30 years ending 9
March 2044.
• The Company is currently applying for a
prospecting right on the farm to the north
of the mining right area.
Topographic Map of the mining area
Mineral Resource
• A comprehensive drilling program was implemented in October/November 2013.
• SAMREC/JORC compliant resource study at Maxima Holdings delineated a total resource of 297 Mt comprising the following:
High Grade Ore (SiO2>97%): 26Mt (Measured), 70Mt (Indicated) and 103Mt (Inferred);
Low Grade Ore (SiO2 = 90-97%): 15.6Mt (Measured), 25Mt (Indicated) and 56Mt (Inferred);
The resource was valued, according to the resource statement at R296,157,132.10. Since January 2014 182,220 tonnes silica have been mined.
• Life of mine with current expansion programme will be approximately 550 years.
• A small portion of the ore body is currently being mined. The mine is open cast with benches to a maximum height of 5m.
The Product, Marketing and Sales
• Our business provides high quality silica sand products which typically has a silica content of greater than 98% SiO2, which is mined, processed, and prepared from an extensive ridge of Magaliesburg Quartzites. The silica rock is blasted, crushed, milled and then screened to various sizes;
• Maxima specialises in a high value silica sand product that is below 25 mm in size, and offer a product range of 9 different sand fractions that are specially prepared, stored, bagged or transported in bulk for our clients’666 requirements.
• Maxima Silica has targeted a product range which covers: A <3.00 mm product range for slimes dumps filtration, water purification, and
swimming pool filters requirements;
Specialized sizes in the 0.60 – 13.00mm size range for roofing, flooring, tiling, grouting and fertilizer and mining smelter applications; and
A coarser 13.00mm to 19.00mm stone product for filtration bedding, landscaping and building applications.
The Product, Marketing and Sales continue…
• The product is sold and shipped in 20/40kg block bottom bags or in 1 ton bulk bags;
• The current capacity is 6 000 tonnes a month with an average of 4 000 tonnes sold monthly;
• The average rate per tonne is R350 which is estimated to increase by 5% annually;
• The platinum and chrome mines in the area are expected to increase their volumes from 2 000 tonnes to 6 000 tonnes per month over the next 5 years bringing the silica sales up with 4 000 tonnes per month.
Contact Information
• Managing Director, Yolandie Kleingeld : 071 101 4838, [email protected]
•Website: www.maximasilica.co.za
•Address: Portion 3, Farm 259-JQ, Bultfontein, Boshoek, North
West. PO Box 3479, Brits 0250
•Group Contact: CEO, Clive Winterton – 083 383 0025