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23 m
k
0
33 0 Anfile Bay
km
75km
Eritrea
Saudi Arabia
Sudan
BADA
Red Sea
Ethiopia
BADA POTASH
Proposed processing site
Eritrea
Yemen
Ethiopia
Djibouti
Geological Highlights 04
Preliminary testing shows that the Bada project area has similar The surrounding platform towards the north and north-
evaporite basin and depositional environment as that of the east of the basin is capped by young volcanic rock.
Dallol and Colluli areas, where huge potash resources have
been identified recently.
Thick stratified and consolidated siltstone to sandstone
Key Highlights of the Area are:
beds are out cropped at the western margin of the license
It comprises of evaporite sequence (gypsum, etc) and Late area. These sediments are unconformable and overlain by
Cenozoic volcanic rocks, dominated by basalt and tuffs. basalt flow.
The low-lying graben area is covered with thick, fine and In the north western part of the basin, one-centimetre
unconsolidated clastic sediments. Moreover extensive evap- thick anhydrite and chert lamina are present beneath the
orite are deposited between the coast and the Bada basin volcanic rocks. The chert lamina shows imprints of fossilifer-
(mainly anhydrite and minor gypsum lens-shaped deposits). ous helical grooves.
NGEX drilled six holes at the Bada basin and, according to the need healthy soil
lithological data of the drill holes, all holes ended within the
overburden zone. In addition, the drilling revealed a 5m thick
basaltic extrusion buried along the eastern portion of the and more fertilizer
basin at shallow depth. The prospective evaporate stratum
has not yet been tested.
Lithology
evaporite basin
Salty Water BADA POTASH
Bada Proposed drillholes Geology sanu Dec 2010, Basin
Halite+Clay+alluvium
Bada gravity station Profiles CJ May 2011
Anhydrite/gypsum+clay
Proposed DDH JRS May 2011, 20
Sed - Sandy and marl
May 2011
Sed - Red bed
Chert
basalt
Bada Potash LTD
BADA PROJECT
tuff
obsidian tuff
......... ddh prop jrs may11
gravity survey jrs rev 11 jan 19
Dallol evaporite basin outline
Gravity Profiles on Geology phonolite
09 March 2011 0 2.5 5
Kilometers
Cities
expanding
11%
The Process
Source: United Nations Food and Agriculture Organization.
Two common mining techniques are used - underground Once mined, potash must be converted to a form that can be
and solution-based mining - and the chosen technique absorbed by plants, most commonly potassium chloride
depends on the characteristics of the deposit. (KCL). The primary separating process that has been devel-
Conventional underground mining is typically used to mine oped is flotation - a multi stage process that includes ore
ore deposits located from 500m to 1,000m below the crushing, milling, drying and refining - after which the potash is
Dubai : 00971 4454 2459
surface. The ore is broken up using large machinery before floated in the resulting froth product and the salt discarded as
London : 0044 208890 5300
being transferred on underground conveyor belts and hoist- tailings.
Brine Tank
Shaft
Mining
Machines Conveyor
The site is only 40km from the Red Sea coast and The United Nations Food and Agriculture Organization
230km from the established export facility at the port of predicts that the global increase and demand for potash
Massawa.There are also plans in place to build a new between 2014 and 2018, 56% will be in Asia, 11% in Europe
coastal loading point at Anfile Bay, which is just 75km and 6% in Africa. Importantly, China will account for 23%,
from the mine. India 7% and Indonesia 7%.
The port of Massawa provides direct access to the key Badas proximity to the port of Massawa represents a
end demand markets in Europe, Africa, India, China and significant strategic and cost advantage over some of the
Southeast Asia. more established global potash producers in Russia and
North America whose assets are situated much further
away from the coast.
Europe
China
India
Eritrea
Indonesia
Malaysia
Mining in Eritrea
Eritreas natural mineral resources include gold, copper,
potash, zinc, oil, natural gas, cement, gypsum, granite, marble,
ceramics, limestone and iron ore. The mining industry in
Eritrea is growing and the country expects to have four mines
in operation by 2018 producing gold, copper, zinc and
potash.
Gagan Goel
Managing Director,
Essel Group ME
In October 2003, Mr. Goel founded Dish TV, one of Indias first direct-to-home television platforms which now boasts over 20
million subscribers. Four years later he was appointed Executive Director of Zee Entertainment Enterprise Ltd, the Mumbai-listed
media and entertainment company, where he was responsible for overseeing content production and marketing. Mr. Goel left
the company in 2009 to become Executive Director of E-City Bioscope, the Indian leisure and real estate business. In 2011, Mr.
Goel moved to Dubai to oversee Essel Groups global expansion and to manage the groups diversification into natural resourc-
es. He founded EGME in 2012.
Mr. Goel is also Chairman of Simba Energy Inc., the TSX-V listed oil and gas exploration junior focused on the onshore frontier
basins of Africa, and he sits on the companys Board of Directors.
Management 13
Punkaj Gupta
Group Chief Executive,
Essel Group ME
He has over 20 years of corporate experience in the natural resources and industrial sectors. Mr. Gupta started his career working
for the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in Geneva. In 2000, he joined Jindal Saw Pipes,
a leading global manufacturer and supplier of iron and steel pipe products, where he was responsible for business development
and for growing the company overseas. He left the company in 2006 and was appointed Executive Director Asia Pacific of Gap
Steel, the Dubai based steel company. Two years later he joined Meta Copper, Indias largest manufacturer of copper products,
as Executive Director and was responsible for starting various new business activities. Before joining EGME, Mr. Gupta managed
a number of independent mining projects in India.
Mr. Gupta is also the Chief Executive Officer of Simba Energy Inc.
Why EGME ? 14
The Bada basin has one of the shallowest potash deposits in the world between 75m and 125m beneath the suface, there
by reducing capital and production cost
Badas proximity to the coast provides strategic and cost advantage over the major potash producers of the world
EGME targets assets with near-term production potential and the company aims to become a low-cost leader in the
exploration, development and production of diversified natural resources
EGMEs technical team uses advanced technology and end-to-end logistical expertise to improve the efficiency and prof-
itability of its existing operations. This helps to maintain a low-cost advantage
The management team has an average of 28 years of experience across a wide spectrum of natural resources companies
EGME has a strong financial position and is backed by Essel Group, a global conglomerate with an annual turnover of
$20bn and a 40-year history spanning numerous industries including media, packaging, entertainment, infrastructure, educa-
tion and metals
EGME seeks to support local communities by creating opportunities for educational and economic advancement, foster-
ing a sustainable environment for future development.
Advanced Technology
Low-cost Leader
Highly Skilled
WHY EGME?
Logistical Efficiency
Management Team
UAE UK Eritrea
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