Strike Resources Limited · ASX:SRK
Strike Resources — Investor Presentation (January 2013)
17 slides from Strike Resources's investor presentation, Jan 30, 2013
Slide 1: Strike Resources Limited Investor Presentation
For personal use only Strike Resources Limited Investor Presentation ASX CODE: SRK January 2013
Slide 2: Disclaimer
For personal use only Disclaimer This material contains certain forecasts and forward-looking information, including regarding possible or assumed future performance, costs, production levels or rates, prices, reserves and resources or potential growth of Strike Resources, industry growth or other t
Slide 3: Experienced Board
For personal use only Experienced Board MALCOLM RICHMOND (Independent Chairman) Former senior Rio Tinto executive Led development of Yandicoogina iron ore business Professor of Business at University of WA until 2012 WILLIAM JOHNSON (Executive Director) Strike Director since 2006, served as Executiv
Slide 4: Performance of Strike Resources Relative to Peers
For personal use only Performance of Strike Resources Relative to Peers Strike 1 year share price performance – rebased to SRK (A$/sh) outperformed 0.40 an index of selected Mindax Cazaly junior iron ore 0.32 Ferrowest explorers in Legacy 2012 Golden West 0.24 FairStar Venus Metals Jupiter Royal Res
Slide 5: Apurimac Project Benchmarks Favourably
For personal use only Apurimac Project Benchmarks Favourably • Highest grade magnetite resource* • Highest production potential* • Significantly lower cash cost* • Amongst the lowest capital intensity* * Applies where Strike’s Apurimac Project is benchmarked across a segment of industry peers as out
Slide 6: Strong Foundations Established
For personal use only Strong Foundations Established 2012 Objectives Operational achievements Board restructure completed - additional independent director appointed “Lean and keen” technical and commercial BUSINESS team established in Lima Successful “Shoot-out” process resulted in 100% owner
Slide 7: Shoot-out Settlement – Strike now 100% AF owner
For personal use only Shoot-out Settlement – Strike now 100% AF owner • 2.8 m Strike shares issued to D&C • US $3.5M D&C loans repaid Low initial cost • Mutual release from legal claims • Immediate move to 100% • US$2 million on AF defining a 500 Mt resource at the Apurimac project, averaging >55% F
Slide 8: Strike's program: plans and objectives
For personal use only S t r i k e ’s 2 0 1 3 p r o g r a m : p l a n s a n d o b j e c t i v e s 2013 Objectives Actions and plans Establish AF GM/CEO and strengthen management team in Peru Maintain “lean and keen” management approach PARTNERS Undertake focused and structured approach to secur
Slide 9: High Quality Apurimac and Cusco Iron Ore
For personal use only High Quality Apurimac and Cusco Iron Ore • Apurimac Iron Ore AF Apurimac Opaban Project • 269 Mt @ 57.3% Fe at Opaban • High-grade, coarse-grained, excellent metallurgy Cuervo Pictures here. • >500 Mt needed to support 15 – 20 Mtpa 1.132Mt @ 0.77% Cu • Cusco Iron Ore • AF conce
Slide 10: Excellent Iron and Copper / Gold Potential
For personal use only Excellent Iron and Copper / Gold Potential Opaban Nth, • Apurimac Iron Ore Ferrum, Cristoforo Magnetic • 590 km2 of concessions Target • Sillaccassa: two magnetic targets with ironstone Cuervo ColcabambaPictures here. • Opaban North: 1 km magnetic target + 1.132Mt @ 0.77% Cu ir
Slide 11: Cuervo – Bob Drilling Results
For personal use only Cuervo – Bob 1 Drilling Results 2 km of strike tested of 3km target zone • 100 – 200m thick magnetite intersected on all sections • North-south orientation with moderate dips 45 – 60º to west • Open to north + south and Parco repetition highly prospective Pictures here. Drill I
Slide 12: Community Approvals – Challenging but Improving
For personal use only Community Approvals – Challenging but Improving • Patience and trust building required, especially following previous AF “disappearance” • Andean community mistrust of outsiders and government authorities – feel abandoned • Southern Peru especially challenging due to Andahuayla
Slide 13: Opaban CR Approvals – Recent Achievements
For personal use only Opaban CR Approvals – Recent Achievements • Huinchos celebrates new sports field and school computers; AF information office opened • 2 of remaining 3 campesinos comprising Huinchos agree to AF information offices • Huinchos leadership approaches AF regarding possible cooperati
Slide 14: Thank you
For personal use only Thank you January 2013
Slide 15: Appendix – Benchmarking data
For personal use only Appendix 1 – Benchmarking data Summary of ASX-listed iron ore peers (100% basis) Project EV Rsrce Grade Cont. Fe Product Target Opex Capex Intensity Com pany Project location % (US$m ) (Mt) (%) (Mt) type (Mtpa) (US$/t) (US$m ) (US$/t) • Highest grade 2 Strike Resources Apurim a
Slide 16: Appendix – JORC Code Information
For personal use only Appendix 2 – JORC Code Information Resource Breakdown AF Projects Tonnes Project Classification Head Fe (%) (Mt) Inferred 127 56.7 Apurimac Indicated 142 58 Total Indicated + Inferred 269 57.3% Cusco Inferred 104 32.6 The 68 Mt DSO component of the Apurimac resource is comprise
Slide 17: Appendix – JORC Code Information (cont'd)
For personal use only Appendix 2 – JORC Code Information Resource Breakdown (cont’d) Cerro Ccopane Project (Cuervo Resources, Inc) The resource estimate for Cuervo’s Orcopura prospect stands at 19.7 Mt at 48.3% Fe (measured resource), 35.9 Mt at 45.9% Fe (indicated resource) and 50.8 Mt at 43.7% (in
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