Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Macquarie Western Australia Forum 2022
20 slides from Mgx Resources's conference presentation, Nov 30, 2022
Slide 1: Macquarie - Western Australia Forum Presentation
Mount Gibson Iron Limited For personal use only Macquarie - Western Australia Forum Presentation 30 November 2022 MGX
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements For personal use only This Document may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval from Mount Gibson Iron Limited. This Documen
Slide 3: Strong fundamentals for 2023 and beyond
Mount Gibson Iron Strong fundamentals for 2023 and beyond For personal use only Long-established mid-tier iron ore miner and one of the highest grade and lowest impurity direct shipping iron ore producers globally. On track to deliver significantly increased iron ore sales and operating cashflows fr
Slide 4: Business Overview
Business Overview For personal use only Kimberley Region – Koolan Island • Australia’s highest grade hematite Direct Shipping Ore (DSO). • Major waste stripping program now complete and high grade ore production is rising as the waste:ore stripping ratio rapidly reduces. • Significantly higher sales
Slide 5: Corporate Overview
Corporate Overview MGX Share Price For personal use only Last 12 months 0.80 Share Price (A$/share) 0.70 Issued shares 1,214.4 million shares 0.60 0.50 Market capitalisation A$530 million ($0.435/share) 0.40 0.30 Cash/investments A$60 million (30 September 2022) 0.20 0.10 Dividends A$332 million (fu
Slide 6: September 2022 Quarter Results
September 2022 Quarter Results For personal use only High grade ore mining up Shipments restricted by Fire repairs and interim Ore mining 38% to 0.9 Mwmt in August plant fire crushing progressing well line with mine plan. Quarterly ore sales totalled Repairs underway, with completion 0.45 Mwmt for
Slide 7: Market Conditions: Iron Ore Pricing and Grade Differentials
Market Conditions Iron Ore Pricing and Grade Differentials For personal use only High-grade Premium / Medium-grade Discount Iron Ore Price (% per dmtu relative to 62% CFR index) (US$/dmt CFR North China) 50% 300 40% 30% 20% 10% 250 0% -10% -20% -30% 200 -40% -50% UPDATE 65% Fe Premium 58% Fe Discoun
Slide 8: Iron Ore Pricing
Iron Ore Pricing Exchange rate offsetting decline in A$ For personal use only Foreign Exchange Rate Iron Ore Price (A$:US$) (A$/dmt CFR North China) 400 1.0 0.9 350 0.8 0.7 300 0.6 250 0.5 200 150 100 50 0 65% 62% 58% 8
Slide 9: Iron Ore Quality in Steel Production
Iron Ore Quality in Steel Production Ore quality has a significant impact on steel making unit costs and emissions intensity For personal use only • The impurities content or iron ore (predominantly alumina & silica) determines Blast Furnace efficiency and productivity. Blast Furnace • High-impurity
Slide 10: Koolan Island: A high grade direct-shipping iron ore product
Koolan Island A high grade direct-shipping iron ore product For personal use only WA Direct Shipping Iron Ore Fines Products WA Direct Shipping Iron Ore Fines Products WA Direct Shipping Iron Ore Fines Products Comparative Iron & Phosphorus Comparative Iron & Alumina Comparative Iron & Silica Fe % F
Slide 11: Koolan Island Main Pit operations
Koolan Island Main Pit operations For personal use only Main Pit, looking east, • Waste stripping and upper footwall ground October 2022. support programs completed. Eastern • Consistent mining access to high grade (65% Fe) orebody now available over floor End Seawall of Main Pit (+1.5 km). embankme
Slide 12: Koolan Island Main Pit operations
Koolan Island Main Pit operations For personal use only High grade ore benches in eastern end of Main Pit, October 2022. 12
Slide 13: Crushing plant – fire incident recovery progressing
Koolan Island Crushing plant – fire incident recovery progressing For personal use only Koolan Island processing and shiploading infrastructure, • Fire repairs to the primary processing plant scheduled for November 2022 completion in January 2023. • Interim processing arrangements supporting current
Slide 14: Mid-West Business: Geraldton Port facilities
Mid-West Business Geraldton Port facilities For personal use only MGX Shed 4 MGX Shed 5 Geraldton Port services team passed 13 years LTI-Free 14 September 2022
Slide 15: Mid-West Business: Provides optionality
Mid-West Business Provides optionality For personal use only • Shine Iron Ore Project maintained in low-cost care and maintenance state to preserve value and enable restart if conditions improve sustainably. • Mid-West rail refund stream continues to accrue Core from diamond drilling near at ~$2 mil
Slide 16: Community and Industry Involvement
Community and Industry Involvement (Figures as at 30 June 2022) For personal use only Local employment – over 20% of our Koolan Island employees from the Kimberley region. We seek to increase this. Gender diversity – at year end women accounted for 18% of our employees and 27% of executive and senio
Slide 17: Carbon Emission Reductions
Carbon Emission Reductions Seeking to accelerate the trend For personal use only Mount Gibson supports the intent of the Paris Agreement Greenhouse gas emissions - all sites and 2021 Glasgow Climate Pact to reduce global carbon 80,000 74,983 4.0 70,351 emissions and limit global warming to less than
Slide 18: Mount Gibson Iron - Summary
Mount Gibson Iron - Summary For personal use only An established independent mid-tier iron ore producer offering meaningful exposure to production growth of high grade (65% Fe) hematite iron ores. Imminent pathway to materially higher sales and cashflows as Koolan’s high grade ore sales build. Aimin
Slide 19: Mount Gibson Iron Limited
Mount Gibson Iron Limited (ASX: MGX) For personal use only Presentation authorised by Peter Kerr, Chief Executive Officer MGX Mount Gibson Iron Limited +61 (0)8 9426 7500 www.mtgibsoniron.com.au 19
Slide 20: Supplementary Information: Mineral Resources and Ore Reserves
Supplementary Information Mineral Resources and Ore Reserves Information at 30 June 2022* Koolan Island Total Group Mineral Resources and Ore Reserves at 30 June 2022 (above 50% Fe) For personal use only Tonnes Fe SiO2 Al2O3 P millions % % % % Tonnes Fe SiO2 Al2O3 P Mineral Resources, above 50% Fe m
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