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GQ FERTILIZER

TSX-V AFRICA

BUILDING FOR GROWTH WHERE T H E W O R L D I S G R O W I N G

Disclaimer This presentation contains forward-looking statements or forward-looking information within the meaning of applicable securities legislation (hereinafter collectively referred to as "forward-looking statements") concerning the Company's plans for its properties, projects, operations, subsidiaries and other matters. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management regarding operations of the Company which are subject to a variety of business and market risks, including political and regulatory risks associated with mining and exploration in Mali. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are based on certain assumptions which the Company believes are reasonable, however, forward-looking statements are subject to a variety of business and political risks and uncertainties. Some of the important risks and uncertainties that could affect forward-looking statements are also described in the Company's continuous disclosure filings made with Canadian securities regulatory authorities, which are available at the SEDAR website and on the Company’s website. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, they may adversely affect the Company’s business and prospects and actual results may vary materially from those described in forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, other than as required by applicable laws. Investors are therefore cautioned against placing undue reliance on forward-looking statements. The Company cautions that the PEA is preliminary in nature, as it includes “Inferred Mineral Resources” which are considered too speculative geologically, to have the economic considerations applied to them that would enable them to be categorized as "Mineral Reserves". There is no certainty that the PEA will be realized, as Mineral Resources do not demonstrate economic viability. The technical information in this presentation has been reviewed by Jed Diner, MSc. P.Geol., a qualified person as defined by National Instrument 43-101.

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Stock  Informa-on  

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As  of  June  10,  2014  

STOCK  INFORMATION    TSX-­‐V:  GQ  

SHARES  OUTSTANDING   48,892,941  

-­‐OPTIONS   3,815,000  

-­‐WARRANTS   2,114,813  

FULLY  DILUTED   54,747,754  

52-­‐WEEK  LOW/HIGH   $0.45/$2.54  

3-­‐MONTH  AVG.  VOL.   77,780  

MARKET  CAP.   $61.1M  

Le  Main  de  Fa5ma  –  Northern  Mali  

Our Goal

•  Building a Pan African Fertilizer Manufacturer –  Developing agricultural mineral projects

for local production of field ready fertilizers

–  For regional delivery

•  Targeting –  Phosphate Direct Application and SSP,

At Surface Potash Brines, Sulfur and Lime Projects

–  Establishing centers in areas of rapid agricultural growth West, East and Southern Africa

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IER  Sotuba  Test  Plot  (CoFon)  

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OUR  OPPORTUNITY  

Tilemsi Phosphate

•  50 million tonnes (Mt) inferred resource on 26 km² drilled surface

•  High natural grade 24.3% P₂O₅

•  Significant upside potential, project covers 1,206 km² (3 licenses)

•  Strategic source of reactive & soluble phosphate for direct application, low cost fertilizer as an NPK component

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Tilemsi  Phosphate  Deposit  

Segou  Pilot  Plant  

Phosphate  Rock  Characterisa-on  

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Test     Results   Impact  

BENEFICIATION  Screening  at  850  microns  to  

achieve  P2O5  grades    of  36.8%  

Via  simple  screening  process,  the  product  can    easily  beneficiated  to  up  to  36.8%  P₂O₅  

SOLUBILITY  

71.1%  soluble  P2O5    in  citric  acid  

62.5%  soluble  P2O5    in  formic  acid  

The  rock  solubility  shows  that  it  is  able  to  compete  with  other  chemical  ferPlizers,  as  ferPlizers’  effecPveness  is  based  on  immediate  

availability  of  the  nutrients  

GRANULATION   Successfully  produced  granules  sized  1-­‐4mm  

The  product  can  easily  be  granulated,  allowing  the  product  to  withstand  transportaPon  and  be  used  as  a  component  of  NPK  

blended  ferPlizer  

Characteriza-on  tests  indicate:  

Tilemsi  natural  phosphate  (TNP)  meets  or  exceeds  market  specificaPons  for  beneficiaPon,  solubility  and  granulaPon.  

TNP  can  be  used  as  either  as  very  low  cost  phosphate  component  for  blended  NPK  ferPlizer  or  as  a  direct  applicaPon  ferPlizer.  

Agronomy

•  Great Quest has developed a low cost phosphate fertilizer alternative for the West African Market

•  We have completed initial field agronomic testing –  Conducted with IER (Institute of Rural

Economics), administered by Dr. Lamine Traore –  11 Test plots in major agricultural zones of Mali –  Cotton, rice, corn, millet, sorghum, ground nut,

cow pea –  Currently running first season of multi-stage test

program –  1st Quantitative results December 2013

•  Replicate trials in neighbouring West African

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Granulated  Tilemsi  Phosphate  –  35%  high  grade,  27%  medium  grade  

Agronomy

•  Extraordinary Results

Corn in Sikasso Popular crop in a significant growing region, powerful yield response.

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Phosphate  type   Quan-ty  (Kg/ha)  

N  (%)  

P  (%)  

K  (%)  

Yield  (kg/ha)  

Diammonium  Chemical   100   15   15   15     2,156  

GQ  35%  Granulated     100   11   18   2   3,858  

Tilemsi  Powder   300   -­‐   24   -­‐   2,597  

Phosphate  type   Quan-ty  (Kg/ha)  

N  (%)  

P  (%)  

K  (%)  

Yield  (kg/ha)  

Diammonium  Chemical   100   15   15   15     1,751  

GQ  35%  Granulated     100   11   18   2   2,192  

Tilemsi  Powder   300   -­‐   24   -­‐   1,728  

Phosphate  type   Quan-ty  (Kg/ha)  

N  (%)  

P  (%)  

K  (%)  

Yield  (kg/ha)  

Diammonium  Chemical   65   18   46   -­‐     904  

GQ  27%  Granule  +  M4   100   -­‐   27   -­‐   1013  

Tilemsi  Powder   300   -­‐   24   -­‐   794  

Un-Irrigated Rice in Bamako Challenging crop given variable water availability, benefiting from whole nutrient nature of GQ product

Peanuts in Kita Medium grade product was tested with solubility aids, an ultra low cost option for subsistence crops

Pilot Plant Production

•  Segou Production Facility –  40,000 tonnes of product annually

•  Market Building Step –  For manufacture and sale of product for Malian

market –  Will also provide material for commercial testing

by future large consumers –  Will be used to establish product pricing and off

take agreements for larger planned facility

•  Will continue to be used to test and develop new products once large facility is built

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Birkenmayer  Granulator  –  Johannesburg,  South  Africa  

Full Commercial Phosphate Facility

•  Located in Gao / Bourem •  Construction 2016

•  Initial capital expenditure $143 million

•  Construction employment –  Potentially 300 direct and indirect new jobs

during plant construction

•  Operation employment –  200+ Full time jobs in the plant, plus drivers,

miners and support staff –  Mine life 50+ years with potential to grow

with more exploration

•  1 million tonnes of annual production •  Consumption in Mali and export through

out West Africa

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Trucks  in  Gao,  moving  goods  to  and  from  Bamako,  Algieria  and  Niger  

PEA Highlights

Project  Parameters   Value  

Life  of  Mine  based  on    the  Inferred  Mineral    Resource  esPmate  

20  years  

Maximum  Rock  Mined  (at  full  capacity)   1  M  tonnes/year  

Pre-­‐OperaPonal  Cost   US$13  M  

IniPal  Capital  Cost   US$  143  M  

OPEX  Phosphate  Rock  @36%  P₂O₅  (powder  average  ex  plant)  

US$  59  per  tonne    

OPEX  Phosphate  Rock  @36%  P₂O₅  (granulated  avg  ex  plant)  

US$  95  per  tonne  

FerPlizer  Products  Supplied  at  Full  Capacity    1.18  M  tonnes/year  

Sales  Mix:  NPK  /  Direct  ApplicaPon   78%  /  22%  

Assump-ons   Value  

Product   Price   Discount   to   imported   phosphate   cost   in  Mali  

20%  

Average  transport  cost  raPo  per  tonne  per  km   US$  0.082  

Delivered  Price  of  Diesel  for  Energy  ProducPon   US$1.10/litre  

Equity  to  Government  on  Mining     20%  

RoyalPes  on  Mine  ProducPon     3%  

ConPngency  in  IniPal  Capital  Cost  (12%)   US$  14  M  

PoliPcal  Risk  Insurance  Premium  (@  12%)  incl.  in  CAPEX   US$  11  M  

Interest  Rate  per  annum  (LIBOR  +  Premium)   7.8%  

Project  Economics   Value  

Project  Net  Present  Value   US$635  million  

Discount  Rate     10%  

Project  Internal  Rate  of  Return     33%  

Equity  Holder  IRR  (40%  Equity/60%  Debt)   42%  

Payback  Period   3.7  Years  CEO    discussing  life  in  Gao  with  Tuareg  merchant  

Explora-on  Poten-al  

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5 km • Phases  1  +  2  completed  • Oct  2013:  GQ  explora-on  program  to  resume  

Map  of  Tilemsi  Phosphate  Project  showing  our  concessions    on  remote  sensing  and  drilling  program  (completed  and  planned)  

589  sq.km  

417  sq.km   200  sq.km  

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OUR  GROWTH  

Botswana Potash

•  Exclusive right to develop potash present at Sua Pan operation of Botswana Ash Corporation

•  Historical work published by the World Bank suggests that the Sua Pan salar was capable of producing 163,000 tons per year, including potential to produce 21,000 tpy of K2SO4

•  KCl concentrations in bitterns are reported to exceed 10.9 grams per litre (g/L), which is more than a 100% improvement over the native brine concentration of 4.3 g/L as measured by Botswana Ash. This compares favorably with potash concentration in the brine from the Dead Sea of 6.2 g/L,

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Sua  Pan  Potash    Brine  Project  

Brownfield Brine

•  Existing operation produces Soda Ash (NaCO3) and Salt (NaCl) from the natural brine

•  Brine projects have some of the lowest operating and capital costs in the world

•  Potential plant would function as additional circuit on existing operation

•  Leverages existing infrastructure reducing potential capital expenditure

•  Advancing to definitive agreement

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WHO  WE  ARE  

Our  People  

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 Interna-onal  Board  of  Directors  

John  A.  Clarke  –  Chairman    Former  CEO  of  Nevsun  Resources  and    ExecuPve  Director  of  AshanP  Goldfields    

Victor  Jones  –  Director    30  years  of  experience  in  senior  execuPve  and  board  posiPons  in  

public  mineral  exploraPon  and  technology  companies  

Ehud  Levy  –  Director    Phosphate  manufacturing  industry  consultant  with  a  30-­‐year  

career  with  Bateman  Engineering  and  Rotem  

Gordon  Peeling  –  Director    Former  President  of  Mining  AssociaPon  of  Canada  (MAC)  with  30  

years    of  mining  experience  in  the  public  and  private  sectors  

David  Shaw  –  Director  Worked  as  Senior  Mining  Analyst  at  Yorkton  SecuriPes;  iniPated  and  developed  Resource  Research  Group  at  Charlton  SecuriPes  

Mali  Board  of  Directors  

Abdoulaye  Pona-­‐  Director  President  Mali  Chamber  of  Mines,  Founding  director  Mali  Mining  

House  SA  

Mama  Tapo-­‐  Director  Managing  Director  Societe  InternaPonale  de  Services  et  de  

representaPon.  Former  Manager  AshanP  Goldfields  

Our Team

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 Interna-onal  Board  of  Directors  

Jed  Richardson  –  President  and  CEO  Former  VP  Corporate  Development  at  Verde  Potash  and  

InsPtuPonal  Equity  Research  Analyst  at  Cormark  SecuriPes.  

Mohammed  Bouhsane  -­‐  COO  Former  Project  Engineer  in  the  Moroccan  mining  and  metallurgy  

industries  working  for  the  ONA  Group  and  OCP.    

Jayram  Hosanee  -­‐  Chief  Financial  Officer  Former  CFO  at  Mineral  Hill,  Golden  Dawn  Minerals  and  

Loita  Group.  Mr  Hosanee  holds  a  CGA.  

Thomas  Guillot  –  VP  Corporate  Development  

Former  CFO  of  NewGen  Asset  Management  investment  fund,  and  Management  Consultant,  Ministère  de  l’Enfant  et  la  Famille,  Mali.  

Marie-­‐France  Dikizeyeko  –  Mali  Manager  Former  Senior  ExploraPon  Geologist  at  Randgold  Mali,  Geological  consultant  for  Nevsun  and  AdministraPve  Manager,  Iamgold  Mali  

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•  World  popula-on  projec-on  10  billion  people  by  2100  

•  Africa’s  populaPon  is  expected  to  double  to  2  billion  by  2050.  

•  A  more  affluent  world  will  consume  more  food  

Grain  required  to  produce  1kg  of  meat  (Sources:  SproF)    

 World  popula?on  growth          Arable  land  per  capita  

•  The  amount  of  arable  land  per  capita  is  shrinking  

World  popula?on  projec?on    

Why  Fer-lizer  in  Africa  

“Africa has the potential to create a trillion-dollar food market” (World Bank)

•  62% of all large-scale land acquisitions since 2000 have occurred in Africa.

•  Agriculture in Africa will grow from its current $280 billion a year to $500 billion in 2020, and $880 billion by 2030.

•  Nigeria’s agricultural sector could grow by a colossal 160% by 2030, rising from $99 billion in 2010 to $256 billion two

21 Source:  GRAIN,  AGRA  Alliance,  McKinsey,  IMF,  FAO      

Projected Evolution of World Agricultural Production by 2050

Source: FAO, June 2012

Projected increase of the world agricultural production between

2005/2007 and 2050:

+60%

Conservative scenario

SSA

+170% in SSA

Annual  GDP  Growth   2013   2014   2015   2018  

World   +2.9   +3.6   +4.0   +4.1  

Sub-­‐Saharan  Africa   +5.0   +6.0   +5.7   +5.7  

Africa  is  Where  the  Growth  is  …  

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Great Quest Metals Ltd

TSX-V: GQ

Suite 303, 95 King Street East, Toronto, ON M5C 1G4 +1 416 849 9203

WWW.GREATQUEST.COM

Email info@greatquest.com