2018-08-30 trident presentation edit tri… · september 2018 strategy ‣ trident formed as...

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Page 1: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

September 2018

Corporate Presentation

Page 2: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

Disclaimer

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The information contained in these slides and this presentation is being supplied to you byTrident Resources plc (“the Company”) solely for your information and may not be reproducedor redistributed in whole or in part to any other person. Recipients of these slides and/orpersons attending this presentation who are considering a purchase of ordinary shares in theCompany are reminded that any such purchase must be made solely on the basis of theinformation that the Company has officially released into the public domain. Whilst allreasonable care has been taken to ensure that the facts stated in these slides and thispresentation are accurate and the forecasts, opinions and expectations contained in theseslides and this presentation are fair and reasonable, the information contained in thisdocument has not been independently verified and accordingly no representation or warranty,express or implied, is made as to the accuracy, fairness or completeness of the information oropinions contained in these slides or this presentation and no reliance should be placed onthe accuracy, fairness or completeness of the information contained in these slides and thispresentation.

None of the Company, its shareholders or any of their respective advisers, parents orsubsidiaries nor any of their respective directors, officers or employees or agents (includingthose of their parents or subsidiaries) accepts any liability or responsibility for any losshowsoever arising, directly or indirectly, from any use of these slides or this presentation ortheir contents. These slides and this presentation do not purport to contain all information thata recipient may require and is subject to updating, revision and amendment in any waywithout notice or liability to any party. These slides and this presentation do not constitute arecommendation regarding the shares of the Company. Recipients of these slides and thispresentation should conduct their own investigation, evaluation and analysis of the business,data and property described therein. If you are in any doubt about the information contained inthese slides or this presentation, you should contact a person authorised by the FinancialConduct Authority who specialises in advising on securities of the kind described in theseslides and presentation. Certain statements within this presentation constitute forward lookingstatements. Such forward looking statements involve risks and other factors which may causethe actual results, achievements or performance expressed or implied by such forward lookingstatements. Such risks and other factors include, but are not limited to, general economic andbusiness conditions, changes in government regulations, currency fluctuations, the gold price,the Group’s ability to recover its reserves or develop new reserves, competition, changes indevelopment plans and other risks. There can be no assurance that the results and eventscontemplated by the forward-looking statements contained in this presentation will, in fact,occur. These forward-looking statements are correct or represent honestly held views only asat the date of delivery of this presentation. The Company will not undertake any obligation torelease publicly any revisions to these forward-looking statements to reflect events,circumstances and unanticipated events occurring after the date of this presentation except asrequired by law or by regulatory authority. By accepting these slides and/or attending this

presentation, you agree to be bound by the provisions and the limitations set out in them orimposed by them and to keep permanently confidential the information contained in theseslides or this presentation or made available in connection with further enquiries to the extentsuch information is not made publicly available (otherwise through a breach by you of thisprovision). Some of the statements are the opinions of the Directors.

This document has not been approved by a person authorised under the Financial Servicesand Markets Act 2000 (“FSMA‟) for the purposes of section 21 FSMA. In the United Kingdom,this presentation is exempt from the general restriction in section 21 FSMA on thecommunication of invitations or inducements to engage in investment activity pursuant to theFinancial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FinancialPromotion Order") on the grounds that it is directed only at the following, being persons whothe Company reasonably believes to be: (a) persons having professional experience relatingto investments (being "Investment Professionals" within the meaning of articles 19(5) of theFinancial Promotion Order); (b) persons who fall within article 49 of the Financial PromotionOrder (high net worth companies, unincorporated associations or partnerships or the trusteesof high value trusts), or (c) other persons who have professional experience in matters relatingto investments and to whom these slides and this presentation may otherwise be lawfullycommunicated (all such persons together being referred to as "Relevant Persons"). Byattending this presentation, you represent and warrant that you are a Relevant Person.

Any person who is not a Relevant Person should not rely upon or act upon these slides or thispresentation. The distribution of these slides in other jurisdictions may be restricted by law andpersons into whose possession these slides may come should inform themselves about, andobserve, any such restrictions. Any failure to comply with these restrictions may constitute aviolation of the laws of any such other jurisdiction. The slides are not for distribution outsidethe United Kingdom and, in particular, the slides or any copy of them should not bedistributed, published, reproduced or otherwise made available in whole or in part byrecipients to any other person, directly or indirectly, by any means (including electronictransmission) either to persons with addresses in Canada, Australia, Japan, the Republic ofSouth Africa and the Republic of Ireland or to persons with an address in the United States, itsterritories or possessions or to any citizens, nationals or residents thereof, or to anycorporation, partnership or other entity created or organised under the laws thereof. Any suchdistributions could result in a violation of Canadian, Australian, Japanese, South African, Irishor United States law.These slides and this presentation do not constitute, or form part of, a prospectus relating tothe Company nor do they constitute or contain any invitation or offer to any person tounderwrite, subscribe for, otherwise acquire, or dispose of any shares in the Company oradvise persons to do so in any jurisdiction, nor shall they, or any part of them, form the basisof or be relied on in any connection with any contract or commitment whatsoever

Trident Resources Plc

Page 3: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

Overview

‣ Listed on LSE main board in September 2018 under ticker TRR

‣ £4 million raised at IPO to facilitate the acquisition of a business or asset in the metals and mining sector

‣ Clean capital structure with no dilutive instruments

‣ Supportive cornerstone shareholders including leading resource investment institutions with capacity to provide additional funding for an acquisition:

‣ significantly de-risks acquisition

‣ makes Trident attractive to counterparties

‣ Strong team of advisors and directors with extensive industry networks

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Selected major shareholders

LIM Advisors 15.9%

Tribeca Investment Partners 12.7%

[Ashanti Capital 7.8%]

Regal [NEED FULL NAME] 2.6%

Directors 0.6%

Capital Structure at IPO [xx September] 2018

Share Price 20 pence

Shares Outstanding 22,000,000

Market Capitalisation £4.4 million

Cash £4.[0] million

Enterprise Value £[0.4] million

Trident Resources Plc

Page 4: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

Strategy

‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production assets to generate value for its shareholders

‣ Immediate focus on acquisition of material single business or asset, likely constitute a reverse takeover transaction

‣ Focused on opportunities with potential for significant value creation through:‣ Exploration;‣ Asset development;‣ Production expansion; or ‣ Operational optimisation

‣ Leverage collective global networks of thedirectors, advisors and shareholders to identify attractive acquisition opportunities

‣ Supportive shareholder base including major natural resource investors provides attractive platform for high-quality projects seeking to list on the LSE and secure development capital

4Trident Resources Plc

Page 5: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

Acquisition Criteria Trident will prioritise acquisition opportunities meeting the following criteria:

‣ Assets in established mining jurisdictions appropriate for institutional investment

‣ Stage of development: ‣ Advanced stage exploration assets (i.e. with existing resource)‣ Pre-production development assets‣ Operational assets with potential for expansion or optimisation

‣ Preferred commodities:‣ Precious metals‣ Base metals ‣ ‘Battery industry’ related minerals

‣ Assets either with or capable of attracting high quality management team

Opportunities outside these criteria that represent an ‘exceptional’ opportunity will also be considered

5Trident Resources Plc

Page 6: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

Board

Sam is a corporate lawyer with over a decade’s worth of experience in the natural resources sector, in both legal counsel and executive management positions. Sam is currently the Director of Corporate Finance and Legal Counsel for the Dragon Group, a London-based natural resources venture capital firm, a Non-Executive Director of AIM quoted Red Rock Resources Plc, and the Director and company secretary of NEX quoted Tectonic Gold Plc. Sam has significant experience in the administration, operation, financing and promotion of natural resource companies.

Prior to working in the natural resources sector, Sam worked as a corporate lawyer for Jackson McDonald Barristers & Solicitors in Perth, Western Australia and for Nabarro LLP in London.

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James Kelly Non-Executive Chairman

Carmie works as an institutional adviser on the sales desk at Ashanti Capital Pty Ltd, which is Joint Broker to the Company. Carmie has recently been active in corporate advisory for a number of natural resource and renewable energy clients. Carmie has cross border experience and has spent time in various private company roles from CEO to senior management.

With a track record of raising capital, Carmie spent over 10 years in equity capital markets for a UK based boutique advisory group and Macquarie Bank Ltd in Australia. His time at Macquarie was focused on equity capital markets delivery for natural resource clients.

Highly experienced board with extensive networks in the mining sector from which to identify acquisition opportunities

James has over 17 years’ experience in the mining and natural resource industry, with extensive experience in corporate finance, strategy and capital allocation. James was a senior member of the Xstrata plc group business development team and following the merger with Glencore plc, was part of the team which founded Greenstone Resources LP, a mining private equity fund focused on post-exploration development assets.

James served as an Executive Director of ASX listed Cradle Resources Limited from May 2016 to July 2017 having been appointed a Non-Executive Director in February 2016. James is a Fellow of the Institute of Chartered Accountants of England and Wales and holds a BA (Hons) from University College London.

Carmichael (Carmie) OlabamboOlowoyoNon-Executive Director

Sam Quinn Non-Executive Director

Trident Resources Plc

Page 7: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

Advisors

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Tamesis Partners is a specialist equity capital markets and advisory house with a focuson the mining sector. Collectively, the Tamesis Partners team have decades of sharedexperience in mining finance from market leading firms, including GMP Securities,Barclays Capital, Cazenove, J.P. Morgan, Ambrian Partners, BMO Capital Markets andDundee Securities.

Azure Capital is a leading Australian corporate advisory firm with offices in Perth andBrisbane. Established in 2004, Azure Capital provides a range of advisory services,including M&A, capital markets, debt financing, and growth capital for earlier-stageclients. Azure Capital is consistently ranked as a Top 10 Australia mining & metals M&Aadviser.

Ashanti Capital is an institutional stockbroking and advisory firm with offices in Perthand Hong Kong. Ashanti services the institutional and wholesale investment markets,both in Australia and across Asia. Its strength lies in their extensive distribution networksin these markets.

Global team of advisors with decades of mining finance experience

Trident Resources Plc

Page 8: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

Investment Highlights

Right time for mining investment

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Targeting commodities with strong fundamentals

in stable jurisdictions

Highly experienced board and advisor team

Clean capital structure with committed shareholders

Access to large pool of development capital for

the right project

£4 million in cash, low overhead model

Trident Resources Plc

Page 9: 2018-08-30 Trident Presentation Edit Tri… · September 2018 Strategy ‣ Trident formed as investment vehicle to identify, assess and acquire near term mining development and production

September 2018

Contact us

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Registered Office30 Percy Street

London W1T 2BD

United Kingdom

Tel: +44 (0)20 7887 6139

[email protected]

Trident Resources Plc