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Forward Looking Statements and Disclaimer
TSX-V: QIA 2
FORWARD-LOOKING STATEMENTS
These remarks may contain forward-looking statements relating to the Company’s operations or to its business environment. Such
statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future
performance and involve risks and uncertainties that are difficult to predict or control. A number of factors could cause actual
outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings.
Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the
Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company
disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit
in any way to guarantee that we will continue reporting on items or issues that arise.
DISCLAIMER
Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those currently anticipated due to an unlimited number of variables,
including new information regarding recoverable reserves, changes in demand and commodity prices for oil and gas, legislative,
environmental and other regulatory or political changes, completion in areas where the company operated, and other factors
discussed in this document.
Quia Resources Inc. is an agricultural company focused on North
America’s rapidly growing market for fertilizers that promote
healthier soil and are compatible with biological agriculture
Objective is to be a leading supplier of fertilizers and innovative
nutrient applications for this market
Developing a portfolio of Direct Application Fertilizer (“DAF”)
quarries to serve this market, initially focusing in North America,
starting with its Nevada-based Murdock Mountain Direct
Application Phosphate Rock (“DAPR”) project
Developing innovative sources of low-chloride potassium, working
with leading expert in this field, to meet the supply short-fall that
exists, and for which there is a very large potential global market
Quia Resources Inc. is planning a name change to AgRock Fertilizer
Corp. at its next AGM in Q4/2014
3 TSX-V: QIA
Company Profile
Investment Highlights
A Rapidly Growing Market
• DAFs promote soil health and biological life in soil; soil health is increasingly accepted as key to improving
productivity, resistance to diseases and drought, profitability and sustainability
• DAFs have been widely adopted by organic farmers, but now significant demand growth coming from non-
organic sector, which has potential to massively grow demand for these types of fertilizers
Early-Mover Advantage
• Uniquely positioned as early mover into DAF fertilizers and innovative nutrient applications and developing
leading expertise at intersection of geology. mineralogy, agronomy and biology
• On track to become leading, 100,000+ ton DAF producer for North American market
• Additional domestic and global expansion opportunities
Premium, Unique Product
• Initial sampling shows extremely low presence of heavy metal contaminants and radioactive elements,
making Murdock potentially one of the cleanest sources of phosphate globally
Favourable Location
• Murdock Mountain located in NE Nevada, close to California market, one of the largest agricultural markets
globally and also the largest organic producer globally
• Project only 6km from railway infrastructure
Low Technical Complexity and Low Capital Cost
• DAFs require no processing, chemicals or tailings – simply blast, dig, crush and ship
• Relatively small initial resource required
• Can be developed primarily with contract mining and crushing service providers, little upfront equipment
investment required
• Expressions of interest for off-take agreements already received
Significantly Under-Valued vs. Other Agriculture Stocks
• Significant re-rating potential as market awareness grows of Company as significant Ag player
Scalable Into Global Platform
• Expertise, know-how, control of unique deposits, innovative mineral applications and potential related
processes and technologies can all be leveraged to create leading global platform
TSX-V: QIA 4
1. The initial priority for Quia will be to develop the Murdock
Mountain Direct Application Phosphate Rock (DAPR)
Project
o Complete environmental assessment
o Targeted drill program to define 200-500K ton resource
o Proceed to permitting for initial production, and sign off-
take/distribution partnerships
2. In parallel, Quia is targeting the acquisition of other suitable
DAF deposits
o Working with a leading independent researcher in potassium
silicate minerals
o Currently actively evaluating targets for near-term acquisition
o Objective is to have a demonstrable pipeline in place by Q4/14
for Phase 1 growth to 100,000+ tons of DAFs
3. Unique resource base and expertise being developed can then
be leveraged into platform for additional domestic and
international market opportunities that could further rapidly
scale company
Value Creation Strategy
TSX-V: QIA 5
Reasons Behind Increasing Importance of DAFs:
DAFs are minimally processed rock dusts produced from quarries that
contain essential nutrients for soils and plants
By contrast, conventional fertilizers are usually chemically processed
and designed to deliver high concentrations of isolated nutrients in
highly soluble form
DAFs are commonly considered slow release because the key nutrients are
not rapidly soluble; as a result, they are often dismissed as sources of rapidly
available nutrients
Over the past ~5 years, these DAFs have received renewed attention due to
commodity price spikes, growing environmental regulation, and the growing
agricultural sectors of countries without indigenous sources of conventional
fertilizer commodities, seeking alternatives
New research is starting to demonstrate that DAFs can be a source of rapidly
available nutrients with appropriate preparation, equivalent to conventional
fertilizers in terms of nutrient availability
As such, they present the potential for cost-competitive delivery of
nutrients in many settings, while also providing improved crop quality
with less pollution and greater sustainability
Direct Application Fertilizers
TSX-V: QIA 6
A Growing Market:
DAFs are already the preferred fertilizers of organic and
biodynamic growers as these growers cannot use
conventional fertilizers under organic guidelines
DAFs are also increasingly being used by conventional
growers that are discovering improved soil health, drought
resistance and improved crop quality, among other benefits
Growing demand for DAFs is being driven by increasing
acceptance from conventional growers
Distributors and blenders are seeking to secure supplies of
DAFs and are experiencing tremendous growth for their
products
Growing consumer awareness of food source and quality
and increasing environmental regulation are expected to be
additional major drivers of DAF demand
Direct Application Fertilizer Market
TSX-V: QIA 7
Key minerals being targeted as part of project
portfolio:
Phosphate
Low-chloride potassium alternatives
Magnesium
Trace minerals and other specialty minerals
Sulfur
Target Minerals/Fertilizers
TSX-V: QIA 8
Murdock Mountain DAPR Overview*
Near-Term Producer with Potential for Unique Product and Strong Economics
Premium, Unique Product: Based on initial sampling, phosphate at Murdock Mountain is hosted in a francolite
mineral which makes it suitable for direct application. Initial sampling also shows extremely low presence of
heavy metal contaminants and radioactive elements, making Murdock potentially one of the cleanest sources of
phosphate globally.
Low Technical Complexity: No processing, no chemicals, no tailings – just blast, dig, crush, ship; Relatively
small initial resource required – definition of 43-101 compliant resource equivalent of 2-5% of historical resource
will suffice for initial plan.
Favourable Location: North-East Nevada, proximal to California
and other western markets, 6km from rail.
Low Capital Cost: Preliminary non-43-101 estimate of ~$2.5M
including first year working capital. Could be partially funded
through off-take agreement.
Potentially High Margins: Initial objective to produce 50,000
tons at $80/ton selling price at the mine gate, with ultimate
objective to achieve 100,000-150,000 tons/year of production at
an average selling price of $150-200/ton.
TSX-V: QIA 9
*No feasibility study has been completed on Murdock Mountain and thus there is no certainty that the project will be economically viable
Murdock Mountain Development Plan*
Undertake environmental assessment to complete requirements
for Prospecting Permit
Complete 43-101 at Murdock Mountain
Complete greenhouse/field trials with third parties
Drill program to define 200,000-500,000 ton resource
Finalize mine plan (non-43-101)
Commence final permitting to obtain Mining Lease and start
production
Secure off-take/strategic partnership/sales and distribution
agreements
Development Budget: $700,000
Development slated to be completed by Q4/2015, with production
to commence in 2016 subject to receiving required permitting
approvals and other factors
*No feasibility study has been completed on Murdock Mountain and thus there is no certainty
that the project will be economically viable
TSX-V: QIA 10
There is a large, unmet and growing demand for low-chloride potassium
fertilizers:
Potassium (K) is supplied most commonly by Muriate of Potash (“MOP”),
with formula KCl (Potassium Chloride)
Prices are now just over $300/t, which by 2008-2011 standards, is considered
a low price; but this price is not low for developing countries that contain the
vast majority of the world’s population, especially with transportation costs
Countries such as Brazil are devoting significant resources – financial,
scientific, legislative – to develop alternative sources of potassium
The impetus to develop alternative sources in North America has been low
because of the large reserves located in Canada
The chloride component of MOP has a deleterious effect on soil life and
cannot be tolerated by a number of crops such as fruits, vegetables and nuts
The traditional substitute for MOP is Sulphate of Potash (“SOP”), which
trades in the range of $600-700/t – extremely expensive at a large premium
to MOP and in short supply
World SOP production is currently approximately 5M tons, but demand
could easily be 10M tons
Potassium Trends
TSX-V: QIA 11
A few projects are proposed around the world to produce SOP by processing other potassium minerals such as polyhalite and alum, and two mines are proposed to produce polyhalite as an end product
With the exception of one of the polyhalite projects, the projects are generally >$1B in capital costs, require energy intensive processing, look unlikely to proceed in the near-term, and appear marginally economic at a ~$600 SOP price assumption
Another potassium silicate mineral of the mica group, Glauconite, was used extensively in the early 20th century, but has since been largely ignored due to low potassium availability
Our Solution:
Working with a leading expert to look at minerals that have shown in recent tests to be as effective as KCl and used as a direct application fertilizer with low capital and energy intensity
Currently in the process of acquiring suitable deposits of these minerals in North America and working on partnerships to conduct further field trials to lead to distribution in North America
This concept can be applied globally, for which Quia is also laying the groundwork
Our solution is one that fits into the Company’s low-capital cost, fast-to-market business model that also contributes to more sustainable agriculture and greater food security globally
Our developing low-chloride potassium solution can apply to a several
billion dollar per annum low-chloride potassium supply problem
Low-Chloride K: Issues and Solutions
TSX-V: QIA 12
Comparables
$3.1
$4.9
$5.3
$5.7
$9.8
$27.6
$34.0
$37.5
$36.8
$47.0
$51.7
$53.5
$53.6
$76.0
$103.6
Public Companies with Conventional Soluble
Projects Market Capitalization in $MM CAD
Companies with Direct Application Products* Market Capitalization in $MM CAD
*A number of private companies also produce or are
developing direct application products across a range
of minerals
**Developing low-chloride sulfate of potash projects
$4.1
$18.5
$22.8
$56.7
$64.5
**
**
TSX-V: QIA 13
Most
Relevant
Comparables
DAF key component of business plan or
alternative potassium
Phosphate
Potash
Capital Structure
Trading Symbol TSX-V:QIA Price (June 24, 2014) $ 0.05 52 Week High/Low $ 0.10/0.035 Shares Issued & Outstanding 22.91M Warrants & Options 1.46M Total Shares (Fully Diluted) 24.37M Market Capitalization $ 1.15M Legal Advisor Fogler, Rubinoff LLP Auditor MNP LLP Transfer Agent TMX Equity Transfer
TSX-V: QIA 14
Key Management and Board
Yannis Banks, Chief Executive Officer, Director Mr. Banks is the Managing Director of Foundation Markets Inc, a Toronto-based merchant and investment bank. For the past seven years Mr. Banks has been involved in
financing and providing strategic advisory services to companies, primarily in natural resources, and evaluating and acquiring mineral and energy projects in North and South
America and Asia. Mr. Banks previously worked with a rural development NGO whose flagship program focused on addressing access to clean water and sanitation in remote
areas. Mr. Banks is also a director and CEO of Lakeside Minerals.
Adam Szweras, LLB, Corporate Secretary, Director Mr. Szweras is a partner with the law firm Fogler, Rubinoff LLP and a co-founder of Foundation Markets Inc, a Toronto-based merchant and investment bank and Exempt
Market Dealer. He has practiced securities law for over 12 years and in his corporate finance and legal practice focuses on financing and going public transactions. He acts for
mid-market companies looking to raise capital or make acquisitions and assists private companies in the going public process.
Roger Dent, B.Comm, MBA, Director Mr. Dent is currently the CEO and a director of Quinsam Capital Corporation, a publicly traded merchant bank. He has been involved in the Canadian financial markets for
over 25 years and has extensive experience in "small cap" evaluation and investment. Most recently, he was a noted portfolio manager with Matrix Fund Management Inc.,
where he guided the Matrix Small Companies Fund and the Matrix Strategic Small Cap Fund. Previously, he was Vice Chairman of one of Canada's largest independent
investment dealers. He was formerly the #1 ranked Small Cap Analyst according to the Brendan Wood institutional investor survey.
Lew Lawrick, Director Mr. Lawrick is a Co-Founder and Partner of Raven Hill Partners Inc., a merchant bank and private investment firm. Mr. Lawrick has extensive executive management
experience in the mining and mineral exploration sector. Mr. Lawrick has held several positions in the private investment sector, most recently as Managing Partner of
Thorsen-Fordyce Merchant Capital Inc., a private Toronto-based merchant bank focused principally on the mineral industry. Previously, he held the position of President of
Colorado Minerals Inc. from its inception in October 2005 to its merger with Anaconda Corp. in April 2007. Mr. Lawrick has served as an officer and/or director of several
private and public mining and mineral exploration companies, including Volta Resources Inc., Franconia Minerals Corporation, Brionor Resources, and Serengeti Resources
Inc.
Tony Roodenberg, Director Mr. Roodenburg is the founder and largest individual shareholder of Greencastle Resources Ltd., (TSXV - VGN) a diversified investment company focused on the natural
resource sector. His experience includes four years as an Investment Executive with National Bank Financial (1987-1991). Subsequently, Mr. Roodenburg has been an active
investor and founder, officer and director of several public companies, assisting in the areas of corporate development and finance primarily in mineral exploration and the oil
and gas sectors.
Paul Lin, Director Dr. Lin has over 15 years experience in the financial and investment industry in Canada. He was Director and Chief Financial Officer of McVicar Minerals from 2000 to 2003
and of McVicar Resources Inc. (TSXV: MCV) between 2004 and 2007. Dr. Lin has extensive experience in acquisitions in China and obtained his Ph.D. from the University
of Toronto in 1995.
TSX-V: QIA 15
Appendix – Murdock Mountain
Past exploration has demonstrated mineralized zones of 3-5 meters wide at ~15% P205;
Recent sampling in old trenches returned results as high as 29% P205
North end of trend being evaluated for open-pitable quarry for initial production scenario due to orientation of relatively shallow, flat lying bed
Not directly comparable to conventional phosphate deposits geared towards chemical fertilizer production in terms of grade – the key is the mineralization’s reactivity which is what makes the P2O5 available in direct application
6 km from Southern Pacific railway and Hwy SR 30 and the hamlet of Montello, and on the doorstep of large organic markets in the Western U.S.
Historical resource estimates (non NI43-101 compliant) based on trenching and drilling: range from 8.7-18.4 Mt depending on selected mine thickness and strike length
TSX-V: QIA 17
Murdock Mountain Map
TSX-V: QIA 18
Murdock Mountain Geology
TSX-V: QIA 19
Recent Sampling – Trench 1
TSX-V: QIA 20
Recent Sampling – Trench 2
TSX-V: QIA 21
Recent Sampling – Trench A and B
TSX-V: QIA 22
Historical Section
TSX-V: QIA 23
Cleanliness of Murdock Phosphate
Table 1: Samples by TIGREN, Inc. Submitted November 22, 2011
Sample Number P2O5 ppm As ppm Cd ppm Th ppm U ppm
27263 11000 30 <5 <100 <50
27264 7500 10 <5 <100 <50
27265 13100 30 <5 <100 <50
27266 52100 10 <5 <100 <50
27267 11100 <10 <5 <100 <50
27268 16100 10 <5 <100 <50
27269 22800 <10 <5 <100 <50
27270 7200 <10 <5 <100 <50
27271 5400 <10 <5 <100 <50
27272 7700 10 <5 <100 <50
27273 15400 <10 <5 <100 <50
27274 15000 <10 <5 <100 <50
27275 5600 <10 <5 <100 <50
27276 13700 10 <5 <100 <50
27277 >115000 10 <5 <100 <50
27278 13300 20 <5 <100 <50
27279 19400 10 <5 <100 <50
27280 7700 <10 <5 <100 <50
27281 14100 <10 <5 <100 <50
27282 8900 <10 <5 <100 <50
27283 29200 10 <5 <100 <50
27284 3200 <10 <5 <100 <50
27285 >115000 <10 <5 <100 <50
27286 5800 <10 <5 <100 <50
27287 10200 <10 <5 <100 <50
27288 108500 10 <5 <100 <50
27289 111500 <10 <5 <100 <50
Table 2: Samples by Boreal Agrominerals, Submitted June 14, 2012
Sample Number P2O5 ppm As ppm Cd ppm Th ppm U ppm
P-01 >22900 8 1.69 1.2 18.10
P-02 >22900 17 2.32 1.3 14.20
P-03 >22900 14 0.86 1.4 12.95
P-04 1670 2 1.05 1.0 1.04
P-05 >22900 5 1.65 1.2 8.17
P-06 >22900 4 1.30 2.0 6.17
Extremely low levels of heavy metals and radioactive elements
TSX-V: QIA 24
