Ann: Company Presentation , page-2

Phosphate focus in Brazil, South America

Two potentially large-scale projects located close to existing infrastructure including rail, roads,
water, power and ports

Mata da Corda Project has outcropping mineralisation with historical rock chip results of up to
23.2% P2O5

Outstanding initial surface sampling results

Expanding footprint in Brazil with Major Ground acquisition announced and ongoing

Lucena Project has an exploration target of 40-50Mt @ average grade of 10-14% P2O5

Potential to increase reserves and resources

Strong Board and Highly experienced in-country technical team based in Brazil

Small market cap relative to peers, well funded, backing of Forbes & Manhattan

Directors hold 27% plus