CADOUX LIMITED — AGM Information 2014

Nov 25, 2014

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Growing a Potash Business

2014 AGM Presentation

November 2014 I www.fyiresources.com.au I ASX:FYI

FYI Potash Strategy

• Pursue a commodity that has strong, long term demand

• Primary focus is the discovery of shallow, high grade, large tonnage potash deposits in SE Asia that can be profitably developed

• Identify projects with technical, economic geographical and logistical advantages

• Utilise expert in-country potash exploration and development team

• Establish a core asset and build a project pipeline

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“Potash has excellent long term fundamentals”

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Page 1

Why Potash

• Excellent long term fundamentals

• Commodity of primary agricultural importance

Potash Sample

Some Definitions

• Cannot be man made or substituted

• Has wide application – consumed in 150 countries

• Long term market pricing fundamentals are sound

• Global production is ~ 50MT pa / market is in deficit

• Demand is growing at ~ 3-4% pa; supply concentrated

• The United Nations (UN) estimates that the world population will reach 9 million by 2050, with more than 60% living in Asia alone

• UN further estimates that crop production will have to increase by 70% in the same period to support the burgeoning population

Potash: General term for Potassium compounds and potassium-bearing minerals

Sylvinite: Mineral mix of 30% potassium chloride (KCl) and 65% sodium chloride (NaCl)

Carnalite: Mineral compound of hydrated potassium magnesium chloride (KMgCl3.6H2O)

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Page 2

• Source: FOA / UN

Drivers of Potash

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90 Forecast Production Deficit 10 Global Population Growth
9 1950 - 2050
80
8
70 7
6
60
5
50 4
3
40
2
1
30
1950 1975 2000 2030 2050
2012 2013 2014F 2015F 2016F
Source: FOA Source: UN
million tonnes
Billion people
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Global Crop Production
Oil Seeds
150
100
50
0
1970 1980 1990 2000 2010
Source: FOA
Million cubic tonnes
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Global Crop Production

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Cereal
2000
1500
1000
500
1970 1980 1990 2000 2010
Source: FOA
Million cubic tonnes
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Arable Land per Person
0.6
0.5
0.4
0.3
0.2
0.1
Hectares per person
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Global Crop Production
1600
Fruit & Vegetables
1100
600
100
1970 1980 1990 2000 2010
Source: FOA
Page 3
Million cubic tonnes
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Why Asia

• Unparalleled geological setting

• Asia is chronically underinvested in potash

• Strategic geographical advantage over European and North American production – closer to markets

• Thailand and Lao are encouraging investment

• Thailand and Laos have a low sovereign risk

• Competitive labour, cost regime in relation to Australia

• High skill base – especially technical and services

“the portfolio of Potash projects has excellent technical and commercial merit”

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Global Potash Consumption
by Region
India
8%
Other
China
Asia
21%
16%
North
America
Latin
16%
America
21%
Other
18%
Source: FOA
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Potash Project Outline

• 2 separate project area applications in Thailand

• 1 project area application in Laos (under JV MOU)

• Concentrated in a regional strategy

• Project areas selected on technical and logistical merit

• Perfect positioning within evaporite basin

• All projects located in vicinity of current production and/or successful historic drilling

• Project pipeline to increase

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China
India
Burma Laos
Bangkok
Cambodia
The Philippines
Indonesia
Schematic of project areas –
concentrated inside red circle
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“Drilling of the Khorat Basin in north-eastern Thailand has outlined what may develop into one of the world's largest potash deposits” American Geological Institute Economic Geology 1979

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Contact Details

For further details please contact:

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Roland Hill Managing Director FYI Resources info@fyiresources.com.au +61 8 9361 3100 www.fyiresources.com.au 53 Canning Highway Victoria Park WA 6100 ASX: FYI

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