Objective Capital's Africa Resources Investment Congress 2011 Ironmongers' Hall, City of London 14-15 June 2011 Day 1: Africa Resources Speaker: Glenn Laing, Plains Creek Phosphate

1. AFRICA RESOURCES
INVESTMENT CONGRESS
Guinea-Bissau: phosphate for food
Glenn Laing – Plains Creek Phosphate
IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 14-15 JUN 2011
www.ObjectiveCapitalConferences.com

2. TSX-V : PCP
A DEVELOPMENT & PRODUCTION PROJECT
PHOSPHATE IN GUINEA BISSAU WEST AFRICA
BISSAU,
CORPORATE PRESENTATION
JUNE 2011

3. TSX-V : PCP
Forward Looking Information
This presentation includes statements that are forward‐looking. All statements in the Furthermore, because this financial outlook is based upon estimates and hypothetical
presentation (other than statements of historical fact) that address future operations or plans of assumptions about circumstances and events that have not yet taken place and are subject to
Plains Creek Mining Limited (“Plains Creek) or Resource Hunter Capital Corp. (“RHC”) or their variation, there are no representations or warranties associated therewith, and there can be no
affiliates, proposed acquisitions, d l
ffili d iii development and commissioning of mines, l
d i i i f i long term assurance that the outlook will be attained. Readers are cautioned that no forward looking
corporate goals, estimated development costs or operating costs, marketing plans or statement or financial outlook is a guarantee of future performance. Plains Creek and RHC
anticipated customers, mine reserves or resources, expansion of production, demand for assumed no obligation to update these forward‐looking statements or financial outlook except
product, and the future of the mining industry in general and the mining industry in Guinea‐ as may be required by law.
Bissau in particular are forward‐looking statements. Such forward‐looking information involves
known and unknown risks, uncertainties and other factors which may cause actual results, Not an Offering of Securities
performance or achievements to be materially different from the results, performance or
This presentation is for information purposes only and does not constitute an offer to sell or a
achievements implied by the forward‐looking statements. Factors that could cause actual
solicitation to buy the securities of Plains Creek or any other securities.
y y
results t diff materially i l d b t are not li it d t market prices f phosphate, general
lt to differ t i ll include, but t limited to, k t i for h h t l
economic, market and business conditions, risks and uncertainties related to Plains Creek’s and
RHC’s abilities to complete their acquisition of phosphate properties in Guinea‐Bissau, to Cautionary Note to U.S. Investors Concerning Estimates of
successfully develop and commission mines at the property, to obtain all necessary permits for Measured and Indicated Resources
development and production as and when required, to obtain listings for securities of RHC on a
Canadian stock exchange upon completion of the acquisition of Plains Creek by RHC, estimation This presentation uses the terms “Measured” and “Indicated” Resources. U.S. investors are
or resources and reserves, estimation of demand for the product, development and production advised that while such terms are recognized and required by Canadian regulations, the U.S.
costs, transportation delays and costs, ability to convert expressions of interest from potential Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not
customers i t d fi iti sales agreements, d l
t into definitive l t delays i construction of th mining operation,
in t ti f the i i ti to assume that any part or all of mineral deposits in these categories will ever be converted into
accidents, equipment breakdowns, title matters, labour disputes or other unanticipated reserves.
difficulties with or interruptions in development or production, phosphate price fluctuations,
failure to obtain adequate financing when needed, exchange rate fluctuations, and risks and
uncertainties associated with doing business in Guinea‐Bissau.
EBITDA
References in this presentation to “EBITDA” are to inferences from the Technical Report (the
Although Plains Creek has attempted to identify important factors that could cause actual “Technical Report”) on the Preliminary Economic Assessment of the Farim Phosphate Project in
results to differ materially, there may be other factors that cause results not to be as Guinea‐Bissau, prepared for RHC by IMC Group Consulting Ltd. and GBM Minerals Engineering
anticipated, estimated or i t d d Th
ti i t d ti t d intended. There can b no assurance th t statements containing
be that t t t t i i Consultants Limited. Such EBITDA consists of the gross sales of production less operating costs
imited. IT A
forward looking information will prove to be accurate as actual results and future events could before interest, income taxes, depreciation and amortization. Management of Plains Creek and
differ materially from those anticipated in such statements. Accordingly, readers should not RHC believe that, in addition to net earnings, EBITDA is a useful complimentary measure of cash
place undue reliance on statements containing forward looking information. available prior to debt service, capital expenditures and income taxes. However, EBITDA is not a
recognized measure under Canadian GAAP and does not have a standardized meaning
There may be information in this presentation that is information about prospective results of prescribed by Canadian GAAP. Readers are cautioned that EBITDA should not be construed as
operations, financial position or cash flows (a “financial outlook”). This financial outlook is an alternative to net earnings determined in accordance with Canadian GAAP as an indicator of
provided only to assist in an evaluation of the prospective business outlined in this presentation, performance, or to cash flows from operating, investing and financing activities as a measure of
but are not to be relied upon as accurate representations of future results and may not be liquidity and cash flows. Plains Creek’s method of calculating EBITDA may differ from the
q y g y
appropriate for any other purpose. methods used by other entities and, accordingly, its EBITDA may not be comparable to similarly
titled measures used by other entities.
.
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4. TSX-V : PCP
ACQUISITION &
OWNERSHIP STRUCTURE
• Share Purchase Agreement to acquire 100%
Share Purchase Agreement to acquire 100%
Plains Creek Phosphate Corp GB Minerals AG
Previously known as RESOURCE HUNTER CAPITAL CORP
50.1%
• A Swiss Corporation holds Production Agreement
S i C i h ld d i
(on very attractive terms) Issued in 2009 – mining
GB MINERALS AG, Risch (CH) license with exclusive rights to explore, mine and
commercialize Farim Phosphate Deposit
100% Ownership (sole asset) • Undertaking Bankable Feasibility Study
(complete Q4 2011)
(complete Q4 2011)
GB MINERALS SARL Guinea Bissau •Operating Company
Share Purchase Agreement
2010 2011 2012 2013
PURCHASE 50.1% PURCHASE 24.9% PURCHASE 25%
GB MINERALS AG GB MINERALS AG GB MINERALS AG
$ 19 Million EUR $13.5 Million EUR $13.5 Million EUR
4
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5. TSX-V : PCP
PROJECT LOCATION
•Approximately 25
km south of Senegal
km south of Senegal
S E N E G A L Border
•Sea Port location
80km south and
connected by paved
FARIM
road.
d
•Project area is
bisected by Cacheu
River that flows to
Atlantic (155km).
GUIN A ISSAU
GUINEA‐BISSAU •Production License
issued
Northern part
of Central
fC t l
GUINEA‐BISSAU, Pointe Chugue
WEST AFRICA
SEA
BISSAU PORT
(location)
5
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6. TSX-V : PCP
MINERAL LICENSES
& LEASES AREA
1741.61 sq kms
306.25
sq kms
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7. TSX-V : PCP
PROJECT HISTORY
GB Minerals AG
BRGM Positive Champion Resources
Discovered during 30 drill holes
Core drilling
Core drilling PreFeasibility 34 drill holes
34 drill holes
oil exploration Progressive validation
P i lid i
+100 drill holes Study Confirmed BRGM results.
Studies. ID M & I resources
113 million tonnes 166 million tonnes
105 million tonnes
Grading 29.8% P2O5 Grading 29.1% P2O5
32.75 %P2O5
1950 1960 1970 1980 1990 2000 2010
• Discovered during oil exploration in the early 1950’s Production Agreement
• During 1980’s French mining agency (BRGM) carried core drilling program (+100 drill holes) and identified resource of 113
1980 s ( 100
million tonnes grading 29.8% P2O5. Metallurgical test work produced phosphate rock concentrate grading 36.5% P2O5. In
1986 Sofremines produced positive feasibility study. Did not go ahead because of prevailing phosphate market conditions.
• From 1996 to 2003 Champion Resources conducted successive stages of feasibility work including drilling 34 drill holes.
Confirmed BRGM results and extended resource. Identified a resource of 166 million tonnes grading 29.1% P2O5. Mining
plan of 37 million tonnes grading 32.5% P2O5 for 15 year mine life was developed. Phosphate market conditions and the
political situation in Guinea Bissau prevented project going ahead
ahead.
• 2004 to Present. GB Minerals AG, a Swiss company acquired exploration license and mining lease. Carried out successive
validation studies, excavated a box cut, drilled 30+ drill holes. Completed Measured & Indicated resources of 105 million
tonnes grading 32.75% P2O5. Twenty Five year mining plan of 68 million tonnes grading 31.5% P2O5 .
• In May 2009 GB Minerals AG signed a comprehensive production agreement with Guinea Bissau Government.
y g p p g
• In 2010, Plains Creek completed a 43‐101 compliant resource estimate of 84 million tonnes Measured and Indicated
Resources at a grade of 29.9% P2O5 and Inferred Resources of 44 million tonnes at a grade of 29.6% P2O5.
7
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8. TSX-V : PCP
DRILLING HISTORY 146 HOLES
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9. TSX-V : PCP
DEPOSIT
SATELLITE VIEW OF THE MAIN DEPOSIT AREA OVERVIEW OF P2O5 CONTENT IN DEPOSIT AREA
FARIM
Note: The Production License for the exploitation of phosphate ore covers an area of 30,625 ha. The initial focus area (above) of
p p p , ( )
the 25 year mining plan of 68 million tonnes @ 29.9% P2O5 is contained within the measured and indicated resource of 84
million tonnes of the upper FPA upper layer.
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10. TSX-V : PCP
PHOSPHATE HORIZONS
FPA & FPB
Two Main Phosphate Horizons Simplified
Cross Section
FPA / FPB Not to Scale
Ground Level
MINING
Overburden
Av. 39 metres
FOCUS
(clayey sand)
68 MILLION TONNES (based on 3.3m av. seam thickness)
Cut-off
1 metre
FPA 29.9% P2O5 3.3m Cut-off
1 metre
128 MILLION TONNES (based on 1.5m cut-off)
84 million tonnes Measured & Indicated 44 million tonnes Inferred A few metres below
FPB 10-15% P2O5
Average
20-60 metres
450 MILLION TONNES
50% underlies PFA
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11. TSX-V : PCP
DEPOSIT AREA
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12. TSX-V : PCP
DEPOSIT AREA
OPEN IN 3 DIRECTIONS
AREA OF
HIGH QUALITY
PHOSPHATE RESOURCE 2
@ 29.9% P2O5
1
1
POTENTIAL DIRECTIONS
2 TO EXPAND THE SIZE
3 OF THE RESOURCE
EXISTING RESOURCES
128 MILLION TONNES @ 29.8% P205
comprising
84 MILLION TONNES @ 29.9% P2O5 3
Measured & Indicated
44 MILLION TONNES @ 29.6% P2O5
Inferred
PLUS
450 MILLION TONNES @ 10-15% P2O5
Geological Resource
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13. TSX-V : PCP
MINING & TREATMENT OPERATIONS
Mining (no drilling or blasting)
Mining (no drilling or blasting)
• Overburden average 39 meters, Stripping ratio 11.8:1. Soft clayey sand (no drilling and
blasting)
• Use conventional truck and shovel overburden stripping for upper 7‐10 meters
• Using stripping dredges to strip overburden to hanging wall of FPA phosphate layer
• UiUsing production dredges for 3.3 meter thick FPA phosphate layer (produce slurry of very
d ti d d f 33 t thi k FPA h h t l ( d l f
fine, liberated phosphate particles , 1 mm)
• Production rate per annum : 2,760,000 tonnes ROM phosphate ore grading 29.9% P2O5
Beneficiation (no crushing)
• Screening of +1 mm particles
Screening of +1 mm particles
• Sizing : remove minus 10 micron particles
• Magnetic separation to remove iron particles
• Slurry pipeline to port (80kms)
• Dry product at port to 8 ‐10 % moisture for shipping
• Production rate per annum – 2,160,000 tonnes at 8% moisture
Recovery (based on BRGM and Champion test work)
• P2O5 recovery :79.6%
• Weight recovery : 72 5%
Weight recovery : 72.5%
• Product : P2O5 phosphate rock concentrate grading 32.5% P2O5 and 3.5% Fe+Al content ‐
Medium grade concentrate 70 BPL
• Production rate per annum: 2,000,000 dry tons. 13
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14. TSX-V : PCP
PRODUCTION AGREEMENT
Production Agreement
• Includes production license, mining lease and incentive agreement Phosphate Rock
Ownership
• 100% GB Mi l AG (
100% GB Minerals AG (no government participation)
i i i )
Duration
• 25 years, renewable for successive period of 25 years
Infrastructure
• Port, roads, pipelines etc at sole discretion of company.
• No Government taxes, license fees or other costs
Rights and Obligations
Rights and Obligations
• Regulates rights regarding access and use, building of infrastructure,
expats, imports, exporting products etc
Taxes and Royalties
• 1010 year tax holiday from start of commercial operations
h lid f f i l i
• 2% tax deductible royalty on production
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15. TSX-V : PCP
INFRASTRUCTURE
POWER FARIM ROAD / PIPELINE
• Install diesel or heavy oil
• World Bank financing
generators at mine site ‐ +/‐ 10‐
15 MW construction /upgrading of
existing paved road from
Farim to Mansoa (56 Kms)
• Recently announced 130 MW oil
fired power station to be built at
Bissau. Planning power line in • Existing road (14 kms) from
future to mine site. Financed by Mansoa to Dugal (turnoff to
port)
World Bank and operated by US
company.
GUINEA
BISSAU • Pipeline from Farim to
Pointe Chugue (port) ‐80
80
kms to be constructed by
company
MANSOA
GENERAL
• Port, roads,
Port roads pipelines etc at sole
PORT (SOLE USE)
( )
discretion of company. DUGAL • Located 80 kms from mine site and 18 km east of
• No Government taxes, license capital city of Bissau
fees or other costs • Depth at low tide is 12 meters
SEA PORT • Access for 35,000 to 40,000 tonnes vessels
directly from Atlantic
BISSAU • Storage facilities for 40,000 tonnes. 24 hour
loading turnaround
NOTE: Phosphate rock exists close to the surface allowing open pit mining with direct connection to transport.
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16. TSX-V : PCP
PRODUCTION & MARKET
PLAINS CREEK
- PRODUCTION
2 MILLION
TONNES PER ANNUM
Source: Stonegate
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17. TSX-V : PCP
WORLD MARKETS
WESTERN
EUROPE
USA
CHINA
INDIA
BRAZIL
HIGH DEMAND FOR PHOSPHATE ROCK CONCENTRATE
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18. TSX-V : PCP
FEASIBILITY STUDY
• a s C ee as a a ded G e a s g ee g a co t act to co p ete a a ab e eas b ty Study
Plains Creek has awarded GBM Minerals Engineering a contract to complete a Bankable Feasibility Study
on the Farim Phosphate Deposit, Guinea Bissau.
“EXPERTS IN DESIGN, ENGINEERING, PROJECT
MANAGEMENT, PROCUREMENT AND CONSTRUCTION
About GBM Mineral Engineering Consultants OF PROCESS PLANTS …”
• GBM Minerals Engineering Consultants Limited (GBM) is an independent firm of engineering consultants
specialising in the development, design and construction of new mining projects and the refurbishment of
existing gold, base‐metal and industrial minerals ore processing plants. They are experts in the design,
engineering, project management, procurement and construction of such plants and are currently
providing technical services to the mining industry in Africa, Central Asia, Russia, Europe, Australia, the
Americas and MiddleEast
• GBM was formed in March of 1994 by the employees of a large North American engineering consultant
following the closure of that consultant’s Gold and Base Metal Mining Projects Centre in London. The
Centre had operated as a stable unit with the employees and other consultants working together on
international projects for several years. The GBM employees have all worked for significant periods in the
i t ti l j t f l Th GBM l h ll k d f i ifi t i d i th
mining industry, worldwide, and are familiar with the latest work practices and technologies
• GBM has been certified by the British Standards Institution and deemed by them to operate a Quality
Management System which complies with the requirements of BS EN ISO 9001:2000.
• GBM’s Head Office is located in Twickenham, 15 kilometres south‐west of London City centre.
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19. TSX-V : PCP
CAPITAL & BASED ON 43-101
OPERATING COSTS TECHNICAL REPORT
CAPITAL
EXPENDITURE US$
Feasibility Study 5,000,000
OPERATING COST
Engineering and design 23,155,000 per tonne US$
Overburden removal 21,220,000 Mining 25
Infill drilling + exploration 5,228,000
General Expenses 5
Geology /Hydrology 500,000
Processing 15
Mining /dredging 25,000,000
Processing plant 77,600,000 Power + water 10
Power Plant 12,000,000 Pipeline 3
Water 1,850,000
1 850 000 Port
P 2
Mine site + Infrastructure 16,045,000 TOTAL COST
Roads & Pipeline 58,750,000 per tonne $60
Port 35,700,000
35 700 000
General Overhead 6,084,000
TOTAL EXPENDITURE $288,132,000 www.plainscreek.com 19

20. TSX-V : PCP
FINANCIAL MODEL
FINANCIAL MODEL 2011 2012 2013 2014 2015 2016 2017 - 38
Production
ROM ('000 Tonnes) 1,380 2,760 2,760 2,760 2,760
Recovery by Wt (%) 72.50
72 50 72.50
72 50 72.50
72 50 72.50
72 50 72.50
72 50
Phosphate Rock (000 tonnes) 1,001 2,001 2,001 2,001 2,001
Price phosphate rock US$/t 100 100 100 100 100
Sales ('US$ '000's) 100,050 200,100 200,100 200,100 200,100
Operating Cost /tonne (US$) 60 60 60 60 60
Total Operating Costs (US$ '000's) 60,030 120,060 120,060 120,060 120,060
EBITDA 40,020 80,040 80,040 80,040 80,040
CAPEX (US$ '000's)
$ 6,084 106,917 169,181 10,100 10,100 10,100 10,100
Discount Rate Pretax NPV
5% $
$636 Million
10% $254 Million
15% $104 Million
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21. TSX-V : PCP
CORPORATE & DEVELOPMENT TIMELINE
2010 2011 2012 2013
FEB Nov Mar Dec Dec Sept Dec
2010 2010 2011 2011 2012 2013 2013
Detailed
43-101 Engineering START
Technical & Design PRODUCTION
TSX.V
Report LISTING O a e
Offtake &
Plains Financing
Start Creek
RTO Feasibility CONSTRUCTION
Feasibility Study
Study Complete
Q4 2011
EARN-IN
PURCHASE PURCHASE
PURCHASE ADDITIONAL ADDITIONAL
50.1
50 1 % 24.9%
24 9% 25%
GB MINERALS AG GB MINERALS AG GB MINERALS AG
(50.1%) (75%) (100%)
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22. TSX-V : PCP
DIRECTORS &MANAGEMENT
Glenn Laing B.Sc Eng (Mining Geology) and M.Sc (Mining Engineering) –
CEO &President & Director
John Reynolds – Chairman & Director
Paul C. Jones B.Sc Mining Engineering. P. Eng – Independent Director
Guocai Liu – Independent Director
James Xiang – Independent Director
Carson Phillips ‐ Corporate Development & Director
.
22

23. TSX-V : PCP
CAPITAL STRUCTURE
Common Warrants
Shares
Founders & Management
38,100,000 280,000
WAD Consult – Owners of 49.9% GB Minerals
101,000,000
Common Shares 205,533,053
Options Outstanding 2,000,000
Warrants Outstanding 1,590,000
Brokers Warrants ( M Partners – RTO Financing 14,786,209
Capital Structure upon TSX Listing 344,634,053 18,656,209
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24. TSX-V : PCP
OVERALL SUMMARY
• Farim Phosphate P j t – a d
F i Ph h t Project development project th t h
l t j t that has many positive attributes – W ld Cl
iti tt ib t World Class
potential, high quality mining reserves / resources 128 million tonnes @29.8% P2O5), close to existing
infrastructure, strong economics (US$80 million per annum EBITDA @ US$100 per Tonne phosphate
rock prices) with production license and incentive agreements in place.
• Attractive Long Term Phosphate Industry Fundamentals (prices have doubled in the last few years to
sustainable levels) + current stock markets are upbeat on fertilizers, potash and phosphate companies.
Current prices US$150 -170 per per tonne for 32.5% P2O5 phosphate rock))
• Company strategy to advance Farim Phosphate Project to production at 2 million tonnes phosphate
rock concentrate per annum. Straight forward mining and simple beneficiation process.
• Significant Exploration & Resource Expansion Potential – open in 3 directions and large lower grade
phosphate zone underlying main deposit. Additional 1741.61 sq km exploration license.
• To date two positive feasibility studies completed. A 43-101 Technical Report – Preliminary Economic
Assessment completed A Bankable Feasibility Study underway – complete by Q4 2011
completed. 2011.
• TSX Venture Listed – TSXV – PCP .
• Plains Creek is one of few opportunities on world stock markets to participate directly in a pure
phosphate development stage play - and has most favorable fundamentals in peer group of pure
phosphate production companies.
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25. TSX-V : PCP
A DEVELOPMENT & PRODUCTION PROJECT
PHOSPHATE IN GUINEA BISSAU WEST AFRICA
BISSAU,