Overview

Vision

To develop a portfolio of agricultural minerals and production assets that will build long term shareholder value by supplying the agricultural nutrients needed to help address a fundamental issue of global food security.

Corporate Strategy

To become a major contributor to the world nutrient market through the development of a carefully selected portfolio of valuable phosphate and other nutrient projects.

Company Overview

In French, avenir means “future”, and Avenira is investing in the world’s future, aiming to provide solutions to some of the critical issues that will be facing the world in the coming decades. Population growth, improving diets and resultant food security needs will be key challenges that society will need to meet. Arable land per capita is decreasing and cannot shoulder the burden, hence fertilizers will be ever increasingly required to maximize agricultural yields and efficiency. Avenira is currently focussed on phosphate, one of the most important fertilizer nutrients.

In the near term, Avenira is prioritising the Baobab Phosphate Project, located in the Republic of Sénégal, 145km East of Dakar. Baobab will use existing infrastructure, a simple and well established mining and processing method, and has non-binding offtake MoU’s exceeding planned annual production. All approvals and licenses, including a Small Mine Permit (SMP), are in place, along with an early stage Indicated Resource. Baobab is expected to generate positive cash-flow from production, which is forecast to begin in the second half of 2016.

In the long term, there is considerable potential for growth once JDCPhosphate’s Improved Hard Process (IHP) proves commercially viable. This will allow the Wonarah Project in Australia to produce very high quality superphosphoric acid and offer the opportunity to utilise IHP in the Baobab Phosphate Project. Avenira owns c.8% of JDCPhosphate and holds exclusive licenses to utilise IHP within Australia and Sénégal.