Slide 1: Central Eyre Iron Project: Our Technical Journey
Central Eyre Iron Project Our Technical Journey October 2014 www.ironroadlimited.com.au
Slide 2: Cautionary Statements
Cautionary Statements Forward Looking Statements This announcement contains certain statements with respect to future matters which may constitute "forward-looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, r
Slide 3: Cautionary Statements
Cautionary Statements Modelling based upon 25 year mine life, consisting of: • Initial 17 years using Proven and Probable Mining Reserve of 2,071Mt @ 15.5% iron (200x100m, 100x50m diamond drill spacing). • Further eight years using 28% Measured, 24% Indicated and 48% Inferred Resources of 1,303Mt @
Slide 4: Summary
Summary This presentation summarises some thought-provoking aspects of our technical journey, challenging the status quo and how these aspects influence the overall design. Mining Infrastructure Design Philosophy • Understanding the CEIP orebody. • Rotary versus bottom dump rail discharge • Transiti
Slide 5: Contents
Contents • Introduction • Benchmarking aspects of CEIP • CEIP Detail – Mining – Beneficiation – Waste, Tailings and Water – Rail Facility – Modularisation – Port www.ironroadlimited.com.au 5
Slide 6: Introduction
Introduction Iron Road is proud after six years and over $125M spend, to present a robust and credible business case for the Central Eyre Iron Project (CEIP). 2008 June – Exploration Licence 3699 acquired and exploratory drilling commenced. 2011 June – Prefeasibility study released. • 12.4Mtpa,
Slide 7: Introduction – Development Phase Ready
Introduction – Development Phase Ready Iron Road is advancing the development of Australia’s next major integrated iron supply business on the Eyre Peninsula in South Australia. The CEIP offers: • Robust financial metrics for both the DFS and optimised case, with debt service and loan life cover rat
Slide 8: Introduction – The Journey
Introduction – The Journey Experience with large magnetite operations in Australia indicates inefficient and problematic processing, leading to high capital and operating cost outcomes and unsatisfactory production levels. The CEIP offers a simple process supported by a very large simplified mine. T
Slide 9: Benchmarking and Comparisons
Benchmarking and Comparisons www.ironroadlimited.com.au 9
Slide 10: Benchmarking – The 2020 Market
Benchmarking – The 2020 Market CEIP is positioned in the second quartile of the CEIP is positioned in the lowest cost quartile of normalised cost curve for China’s forecast 2020 forecast high quality concentrate producers in total iron ore supply of circa 1.5Bt. 2020 (high Fe, low Al2O3, SiO2, P, S)
Slide 11: Benchmarking – Measured + Indicated Mineral Resource
Benchmarking – Measured + Indicated Mineral Resource 3,000 Largest Measured + Indicated magnetite Mineral Resource in Australia. 2,500 Underpins long life operations: M+I Resources - tonnes (millions) 2,000 • Mineral Resource 1,500 Resource Category 3.7Bt @ 16% Fe1 Measured (tonnes) Indicated (tonne
Slide 12: Comparison – Transition to Optimised Mining Method
Comparison – Transition to Optimised Mining Method Traditional Approach DFS Base Case Current Optimisation Study CEIP truck and shovel CEIP hybrid IPCC CEIP hybrid IPCC 20Mtpa 21.5Mtpa 24Mtpa Owner operator mining Contract mining, semi- Contract mining, hybrid double (OOM) mobile crushers rolls mobi
Slide 13: Comparison – Transition to Optimised Mining Method
Comparison – Transition to Optimised Mining Method Truck & shovel IPCC, semi-mobile crushers IPCC, mobile crushers www.ironroadlimited.com.au 13
Slide 14: Comparison – Optimised Mining Method
Comparison – Optimised Mining Method Traditional Approach DFS Base Case Current Optimisation Study CEIP truck and shovel CEIP hybrid IPCC CEIP hybrid IPCC 20Mtpa 21.5Mtpa 24Mtpa Owner operator mining (OOM) Contract mining, semi-mobile Contract mining, hybrid double rolls crushers mobile crushers Num
Slide 15: Comparison – Coarse Versus Fine Grinding
Comparison – Coarse Versus Fine Grinding Scenario 1 Scenario 2 DFS Current Optimisation Study 21.5Mtpa pellet feed 21.5Mtpa Pellet Feed 21.5Mtpa Sinter Feed 24Mtpa Sinter Feed Fine grind Fine grind Coarse grind Coarse grind p80 < -40µm p80 < -40µm p80 < -125µm p80 < -120µm with gravity circuit with
Slide 16: Comparison – Waste Handling Optimisation
Comparison – Waste Handling Optimisation Scenario 1 Scenario 2 DFS Current Optimisation Study Mine waste rock Mine waste rock Conveyed mine waste Conveyed mine waste trucking trucking Conveyed dry tails Conveyed dry tails Slurry tails circuit, Dry tails stacking Co-located mine waste Co-located mine
Slide 17: Comparison – Water Source, Filtering & Recycling
Comparison – Water Source, Filtering & Recycling The original studies envisaged supplying water to the process plant by means of a buried 148km long, 1300mm diameter CSCL seawater pipeline from the port. The system would require an intake structure mounted on the jetty, an algaecide dosing facility,
Slide 18: Benchmarking – Ports Loading Magnetite
Benchmarking – Ports Loading Magnetite Geraldton Berth 7 Cape Preston Cape Hardy Vessel type Panamax 115 DWT Panamax 115 DWT Cape Class 220 DWT Stockpile capacity 400kt 220kt Min. 660kt Direct ship loading Yes Tranship 18km offshore Yes Tranship 10,000tph Loading capacity 5,000tph 10,000tph Barge lo
Slide 19: CEIP Mining
CEIP Mining www.ironroadlimited.com.au 19
Slide 20: CEIP Large Mining Reserve
CEIP Large Mining Reserve CEIP Global Mineral Reserve Location Classification Tonnes (Mt) Fe (%) Proved 1,871 15.6 Murphy South/Rob Roy Probable 200 15.1 Total 2,071 15.5 The information in this report that relates to Reserves estimated for Murphy South / Rob Roy (MSRR) is based on and fairly repres
Slide 21: Iron Road Understands the CEIP Orebody
Iron Road Understands the CEIP Orebody • Over 500 diamond drill holes, 150km of drilling. • High metamorphic grade, gneissic host rock, results in very coarse- grained mineralisation. • Over 20,000 Fe% XRF* analyses. • 7,000 DTR** analyses equates to 34% of total available core tested. • Mineral Res
Slide 22: Large Scale Mining of the Consistent Orebody
Large Scale Mining of the Consistent Orebody • Well understood, uniform orebody. • Large scale open pit, long life, low strip ratio. • Coffey Mining studied owner mining utilising conventional truck & shovel, load & haul. – Ore Reserve estimated using costs & cash flows based on this scenario – most
Slide 23: Definitive Feasibility Study Scenario – Hybrid-IPCC with Semi-Mobile Crushers
Definitive Feasibility Study Scenario – Hybrid-IPCC with Semi-Mobile Crushers Semi-mobile IPCC selected: • Ideally suited to CEIP. • Open pit optimised for electrically powered Hybrid-IPCC. • Conventional truck & shovel operation for first three years of operation. • Significantly reduced mining fle
Slide 24: Opportunities to Improve Costs
Opportunities to Improve Costs Mining Primary Crusher Feed Crushed Feed size (SAG Mill) 100 A grizzly prior to the primary crusher 90 reduces the crusher 80 size. 70 Smaller primary % Passing 60 crushers are faster to relocate. 50 40 Reduced wear on 30 60% waste can crusher liners will bypass crushe
Slide 25: Current Optimisation Study – IPCC with Mobile Crushers
Current Optimisation Study – IPCC with Mobile Crushers From semi-mobile to mobile crushers Advantages • CEIP average UCS* is 110MPa. • Shovels or front-end loaders will directly • Hybrid double rolls crushers are applicable feed mobile crushers. to CEIP with pre-grizzly material. • No crusher reloca
Slide 26: Mobile Crushers
Mobile Crushers www.ironroadlimited.com.au 26
Slide 27: Evolution of the Optimised Mining Method
Evolution of the Optimised Mining Method Traditional Approach DFS Base Case Current Optimisation Study CEIP truck and shovel CEIP hybrid IPCC CEIP hybrid IPCC 20Mtpa 21.5Mtpa 24Mtpa Owner operator mining (OOM) Contract mining, Contract mining, semi-mobile crushers hybrid double rolls mobile crushers
Slide 28: Transition to a Lower Cost and Optimised Mining Method
Transition to a Lower Cost and Optimised Mining Method Traditional Approach DFS Base Case Current Optimisation Study CEIP truck and shovel CEIP hybrid IPCC CEIP hybrid IPCC 20Mtpa 21.5Mtpa 24Mtpa Owner operator mining Contract mining, Contract mining, (OOM) semi-mobile crushers hybrid double rolls m
Slide 29: Examples of IPCC
Examples of IPCC Iron Road’s Definitive Feasibility Study incorporates IPCC with semi-mobile crushers. Examples of relevant IPCC operations with semi-mobile crushers are: • Boliden’s Aitik Copper Mine in Sweden (shown at right); and • Tata Steel’s Noamundi Magnetite iron ore mine in India. Current o
Slide 30: CEIP Beneficiation
CEIP Beneficiation www.ironroadlimited.com.au 30
Slide 31: Thorough Process Knowledge
Thorough Process Knowledge Extensive test work programmes encompassing: • Uniaxial Compressive Strength & Young’s Modulus. • Impact Crushing Work Index. • SAG Mill circuit comminution test work. • QemScan Tests. • Bond Ball Mill Work Index. • Davis Tube Recovery tests. • Bond Abrasion Index (Ai). •
Slide 32: Drop Weight Test
Drop Weight Test The SMC Test* involved five sets of 20 particles being broken using a JK Drop-Weight tester, each set at a different specific energy level. The breakage products are screened at a sieve size selected to provide a direct measurement of the t10 value. *The SMC Test is a laboratory com
Slide 33: t10 Results on Predicted Ore Hardness
t10 Results on Predicted Ore Hardness CEIP Ore Hardness consistently ranks around the medium category, as opposed to the WA Banded Iron Formation magnetite ores that are ranked as very hard. www.ironroadlimited.com.au 33
Slide 34: Conventional Crushing
Conventional Crushing Autogenous Grinding • Historically, the lowest operating cost has been achieved through multistage, fully autogenous grinding with integrated magnetic separation steps between the stages. • The major benefit of fully autogenous grinding is the elimination of steel grinding medi
Slide 35: SAG Milling Benefits
SAG Milling Benefits Three-stage crushing and Conventional SAG milling high pressure grinding rolls (HPGR) Despite apparent advantages during early DFS work, this scenario became a less favoured option after consideration of Simple plant layout, less equipment, significantly smaller maintenance acti
Slide 36: SAG Milling – Capital & Operating Cost Efficiencies
SAG Milling – Capital & Operating Cost Efficiencies The change from high pressure grinding rolls to semi-autogenous grinding mills eliminates the following equipment: One primary crusher 110 x 62 indirect semi-mobile. Two overland conveyors 3.5km long. Overland system transfer silo. Silo reclaim sys
Slide 37: CEIP Schematic (DFS 21.5Mtpa)
CEIP Schematic (DFS 21.5Mtpa) www.ironroadlimited.com.au 37
Slide 38: Reliable & Energy Efficient Process Flow
Reliable & Energy Efficient Process Flow CEIP Magnetite Plant Typical Process Flow Diagram – Comminution Work Index is Reduced as Ball Mill is Reverse Flow Mine Waste Co-Locate Waste/ Mine Waste Crushing Tails Regrind Cleaner Magnetic Tails Rougher Magnetic Ball Mill Circuit Gravity Circuit Tails Ro
Slide 39: Simplified Mass Balance – DFS 21.5Mtpa Scenario
Simplified Mass Balance – DFS 21.5Mtpa Scenario www.ironroadlimited.com.au 39
Slide 40: Influences on Mill Performance
Influences on Mill Performance P80 (microns) = Variable Impact / Consequences Crusher performance, slabby material, overdue maintenance, incorrect close F80 = 80% feed size side setting, segregation in stockpile Charge levels, mill liner wear, material fill levels, mill speed, material Power = kW at
Slide 41: Milling Characteristics
Milling Characteristics Three actions occur in any mill and the portion of work by each action depends upon the mill type. 1. Impact Impacting particles move perpendicular to the plane of contact. Amount of resulting breakage is directly related to the specific energy (energy per unit mass) that the
Slide 42: Grinding Fundamentals
Grinding Fundamentals CG Ball trajectory model outputs superimposed on (simplified) DEM model output www.ironroadlimited.com.au 42
Slide 43: Understanding our Ore Abrasion Index
Understanding our Ore Abrasion Index The Bond Abrasion test determines the Abrasion Index (Ai), which is used to determine steel media and liner wear in crushers and milling circuits. Iron Road carried out numerous Bond Abrasion tests across the orebody to validate the grinding circuit ball and wear
Slide 44: Grinding Circuit Media Consumption
Grinding Circuit Media Consumption Media Consumption SAG Mill per mill @ 6800 tph, Feed 80% < 160,000 microns Bond Abrasion Index BAi 0.38 0.44 0.60 CEIP grinding media is conservatively estimated, Tons/Month Breakage Wear tpa 57 863 57 904 57 1006 using an Ai value of 0.44, higher than actual test
Slide 45: Bond Ball Work Index – Extensive Test Work
Bond Ball Work Index – Extensive Test Work CEIP samples have been thoroughly tested to define the energy of the ore. Design basis of 16.9kWh/t is 12% higher than test results. www.ironroadlimited.com.au 45
Slide 46: SAG Mill Flexibility – Basis of Design
SAG Mill Flexibility – Basis of Design Basis of design – 16.9kWh/t CEIP SAG mills have the ability to sprint production as required and to manage harder or softer material, allowing the ball mill circuit to focus on steady state grade control. Mill Power Mill Power Work index Feed Rate Mill Dia Feed
Slide 47: Conservative Bond Ball Work Index Used
Conservative Bond Ball Work Index Used The ball mills are designed with operational and BBMWI variation with closing process flexibility in mind, utilising a higher BBWI. Grade may be managed, if/when required, by finer 20 screen size RMS Feed grinding. RMS 18 Conc BALL MILL F80 - mm 3.2 Mill Feed t
Slide 48: Positive Effects of Coarse Grinding
Positive Effects of Coarse Grinding Pellet Feed Sinter Feed 21.5Mtpa 24Mtpa p80 < -40 microns p80 < -120 microns 8 x SAG Mills 40 ft x 22MW 3 x SAG Mills 40 ft x 22MW 8 x Ball Mills 24 ft x 22 MW 3 x Ball Mills 24 ft x 22 MW SAG Mill Balls = 66,000 tpa SAG Mill Balls = 34,600 tpa Ball Mill Balls = 9
Slide 49: Coarse Versus Fine Grinding
Coarse Versus Fine Grinding Scenario 1 Scenario 2 DFS Current Optimisation Study 21.5Mtpa pellet feed 21.5Mtpa Pellet Feed 21.5Mtpa Sinter Feed 24Mtpa Sinter Feed Fine grind Fine grind Coarse grind Coarse grind p80 < -40µm p80 < -40µm p80 < -125µm p80 < -120µm with gravity circuit with gravity circu
Slide 50: CEIP Waste & Tailings
CEIP Waste & Tailings www.ironroadlimited.com.au 50
Slide 51: Mine Waste & Process Tailings – Favourable Handling Characteristics
Mine Waste & Process Tailings – Favourable Handling Characteristics CEIP mineralisation is a metamorphic gneiss. The coarse fraction is angular & largely dry. The angular particles stabilise the heap compared to spherical particles of beach sands. The fines from the grinding circuit are also gneissi
Slide 52: Waste / Tailings Definition
Waste / Tailings Definition In mining and mineral processing, materials are separated according to their particle size and mineralogy. The wastes produced fall into two categories 1. Coarse mine waste/rejects; and 2. Fine-grained tailings Conventionally these two streams are disposed of separately.
Slide 53: Co-disposal of Tailings with Mining Waste
Co-disposal of Tailings with Mining Waste Typical Waste rock • Tailings – disposed as a slurry – high porosity (>40%) – water-filled voids • Waste Rock – high porosity (>30%) – largely air-filled voids Co-disposal – filtered tailings filling the voids of the coarse waste www.ironroadlimited.com.au 5
Slide 54: Co-located Waste Rock and Tailings
Co-located Waste Rock and Tailings Typical “Rule of Thumb – Porosities” Compacted <50kPa Waste Rock Filtered Tailings Particle SG 2.90 2.99 Moisture Content % 10% 5% Void Ratio 0.5 - 0.8 0.5 - 0.8 Porosity, approx. % 50 30 • Porosity – ratio of volume of voids to total volume (100%). • Void ratio –
Slide 55: Co-disposal of Waste Rock and Filtered Tailings
Co-disposal of Waste Rock and Filtered Tailings Key Points Tailings Discharge • Mine waste and tailings are mixed relatively Final mixing occurring homogeneously through several conveyor transfer on dump face points. – Product needs to be nearly dry. – Partially mixed before placement through convey
Slide 56: Co-disposal Benefits
Co-disposal Benefits Benefits No surface fleet required for managing waste and tails material. Significantly reduced footprint. Shear strength similar to waste rock with high compaction levels. Permeability similar to tailings. Low oxygen diffusion rates. Improved closure opportunities w
Slide 57: Tailings Facility Journey
Tailings Facility Journey Conventional facility design did not meet IRD’s expectations Fine Tailings • No recycle water – water demand 45GL/pa. • 4,000 hectares of land required. • Complex pumping and piping systems. Waste Rock • Environmental challenges. Tailings Facility Coarse Tailings Circuit •
Slide 58: Co-location Waste-Tailings Facility
Co-location Waste-Tailings Facility Current facility design optimised Waste rock and process tailings combined as shown in figure. • Process water recycled – water demand reduced from 45GL/pa to 14GL/pa. • Waste and tailings areas reduced from 6,000 to 2,000 hectares in total. Waste Rock & Process T
Slide 59: Co-Locate Waste-Tailings – Homogenous Mix
Co-Locate Waste-Tailings – Homogenous Mix The current tailing strategy will simultaneously deliver several significant environmental benefits. The geotechnically stable moist waste and tailings (comprising 32-39% feldspar, 28-30% quartz, 11- 13% biotite, with the remaining minerals being cordierite,
Slide 60: Waste Handling Optimisation – Low Capital and Operating Costs
Waste Handling Optimisation – Low Capital and Operating Costs Scenario 1 Scenario 2 DFS Current Optimisation Study Mine waste rock Mine waste rock Conveyed mine waste Conveyed mine waste trucking trucking Conveyed dry tails Conveyed dry tails Slurry tails circuit, Dry tails stacking Co-located mine
Slide 61: Learning from Karara’s Experience
Learning from Karara’s Experience Karara’s dry tail stacking system did Karara Filtered Tail CEIP Filtered Tails not meet design requirements. Stacking Stacking Filtered tails and waste rock Product Filtered tails • Ultra-fine particles resulted in (blended) poor filtration, with the moisture Filter
Slide 62: Water Source, Filtering & Recycling
Water Source, Filtering & Recycling The original studies proposed supplying water to the process plant by means of a buried 148km long, 1300mm diameter CSCL seawater pipeline from the port. The system would require an intake structure mounted on the jetty, an algaecide dosing facility, pump station
Slide 63: CEIP Rail Facility
CEIP Rail Facility www.ironroadlimited.com.au 63
Slide 64: Rail Bottom Dump System – Key Benefits
Rail Bottom Dump System – Key Benefits Scenario 1 Preferred Scenario Rotary Tip System DFS and Current Study Bottom Dump System Mine Wagons difficult to cover, chemical veneering required. Easily covered wagons, no chemical veneering required. Port Wagons are disconnected to smaller consist and Wago
Slide 65: Rotary Tip Versus Bottom Dump
Rotary Tip Versus Bottom Dump Rotary Tip Bottom Dump • Rotary dump system requires extensive • Bottom dump system installed at grade, no earthworks & reinforced walls. excavation. • Large dust extraction system to control airborne • Minimal requirements for dust control. dust. • No dewatering pumpin
Slide 66: Rail Bottom Dump System – Capital and Operating Cost Advantages
Rail Bottom Dump System – Capital and Operating Cost Advantages Scenario 1 Preferred Scenario* DFS and Current Study Rotary Tip System Bottom Dump System Wagons 150 wagons x 78 tonnes 145 wagons x 78 tonnes Locos Three locos per consist Two locos per consist Round trip times 10.6 hours 9.3 hours Rai
Slide 67: CEIP Modularisation
CEIP Modularisation www.ironroadlimited.com.au 67
Slide 68: Modularisation
Modularisation Successful logistical planning for remote locations is a direct contributor to the overall success of the project and has a material impact on schedule and cost. Developing a successful modularisation strategy therefore plays an important role in delivering the project on time and on
Slide 69: Our Approach
Our Approach Determined optimum module route from port to mine site. • Survey and laser scan of entire module route; Mine • Engaged heavy lift and logistic transport companies; • Defined module size based on transportation window; • Designed modules to meet the logistic plan; and • Plant layout to s
Slide 70: Define the Transport Strategy – Stage 1
Define the Transport Strategy – Stage 1 Iron Road identified a number of potential transport routes, drove and inspected each of the alternatives with a view to considering: • Impact on communities; • Avoidance of built up areas; • Vertical and horizontal gradients; • Class of roads; • Inline infras
Slide 71: Define the Transport Strategy – Stage 2
Define the Transport Strategy – Stage 2 Stage 2 of route identification involved the engagement of the Sarens Group to assess preliminary transport and logistics challenges associated with the module dimensions envisaged. Sarens Group provided potential SPT trailer and SPMT configurations and associ
Slide 72: Define the Transport Strategy – Stage 3
Define the Transport Strategy – Stage 3 Having completed the terrestrial 3D laser scan, Sarens Group undertook a final review to confirm the SPT and SPMT transporter configurations most likely to be used. A detailed analysis of the digital survey data was undertaken using 12D platforms to identify p
Slide 73: Develop Module Plan
Develop Module Plan UNIQUE MODUL LENGTH WIDTH HEIGHT MASS PLANT MODULE DESCRIPTION QTY ID E TYPE (M) (M) (M) (MT) LOC CONSOLIDATED PROCESS BUILDING 4450CMS001SP1 SPAM 1 53 12.8 42 2,001 TRAIN 1 MODULE > 500MT CONSOLIDATED ROOF, FLOOR &/OR 4450CMS002PA1 PAM 1 53 12.8 9 86 TRAIN 1 WALL FLAT PACK MODUL
Slide 74: Design to Meet the Module Route
Design to Meet the Module Route 45m www.ironroadlimited.com.au 74
Slide 75: Nested Modules to Meet Plant Designs
Nested Modules to Meet Plant Designs GRAVITY SPIRAL The assured transport envelope to accommodate BUILDING MODULE CMS BUILDING MODULE modules as large as 13m wide, 53m long and 45m in height (from top of carriageway) with a maximum module mass (including grillage and transport steel) of ~2,200Mt. TA
Slide 76: Unloading Facility to meet Module Strategy
Unloading Facility to meet Module Strategy • Minimum water depth of 9.5m LAT at the RORO* and LOLO** berths. • Accommodate a range of cargo and special purpose ships. • LOLO wharf length of 125m by width of 21m and a horizontal clearance envelope from any part of a moored ship to fixed furniture abo
Slide 77: Wet Commissioning Off Site
Wet Commissioning Off Site Incorporation of all components to facilitate Stage 3 commissioning off site: • An important strategy underpinning the modularisation effort is full dynamic testing of the complete ‘wet end’ process for each of the process trains under load with water. This requires signif
Slide 78: Module Overview Benefits
Module Overview Benefits Area Comments Schedule Reduced schedule time Foundations are constructed in parallel with construction of steel structures and assembly of equipment. Project construction time is expected to be reduced by approximately four months. Reduced schedule risk Significantly reduced
Slide 79: CEIP Port
CEIP Port www.ironroadlimited.com.au 79
Slide 80: CEIP Port Facility – Fact Sheet
CEIP Port Facility – Fact Sheet • Deep water port facility with 22m draft. • No dredging or breakwater required. • Berth for two Capesize vessels, 24/7 in most weather conditions. • Shiploader capacity 10,000tph. • Ship loading time of approximately 24 hours. • 1,100 hectares of land secured, readil
Slide 81: Port Benchmarking – Australia
Port Benchmarking – Australia Length of Berth Depth at Max.Draft of Port Berth Product Capacity (tph) Dredging Sail on Tide (m) Berth (m) Vessel (m) Cape Hardy 1 Magnetite + Third Party Material 10,000 Twin 408 22 21 No No Geraldton 4 Mineral sand,concentrate and Talc 15,000 225 13.4 12.1 Yes Yes 5
Slide 82: Ports – Magnetite Loading Comparison
Ports – Magnetite Loading Comparison Geraldton Berth 7 Cape Preston Cape Hardy Vessel Panamax 115 DWT Panamax 115 DWT Cape Class 220 DWT Stockpile capacity 400kt 220kt Min. 660kt Direct ship loading Yes Tranship 18km offshore Yes Tranship 10,000tph, Loading capacity 5,000tph 10,000tph barge loading
Slide 83: Questions
Questions www.ironroadlimited.com.au 83
Slide 84: Appendix – CEIP Resource Statement & Indicative Concentrate Specifications
Appendix 1 – CEIP Resource Statement & Indicative Concentrate Specifications CEIP Global Mineral Resource Tonnes Fe SiO2 Al2O3 P Location Classification (Mt) (%) (%) (%) (%) Measured 2,222 15.69 53.70 12.84 0.08 Murphy South/Rob Roy Indicated 474 15.6 53.7 12.8 0.08 Inferred 667 16 53 12 0.08 Boo Lo
Slide 85: Appendix – CEIP Reserve Statement
Appendix 2 – CEIP Reserve Statement CEIP Global Mineral Reserve Tonnes Fe Location Classification (Mt) (%) Proved 1,871 15.6 Murphy South/Rob Roy Probable 200 15.1 Total 2,071 15.5 The information in this report that relates to Reserves estimated for Murphy South / Rob Roy (MSRR) is based on and fai
Slide 86: Appendix – CEIP Exploration Target
Appendix 3 – CEIP Exploration Target The Exploration Target for EL4849 was released by Iron Road Limited (IRD) during late 2013 (ASX Release dated 11 September 2013). This target potential was determined to be 8 to 17Bt in the range 14% to 20% iron* and included Priority 1, 2 and 3 ranked targets. T
Slide 87: Appendix – CEIP Exploration Target (continued)
Appendix 3 – CEIP Exploration Target (continued) The potential of the Hambidge Project Area has been further enhanced by the recent completion of inversion modelling of the detailed geophysical survey over Hambidge and immediate surrounds (Hawke, 2014). A reassessment of the Exploration Target for t
Slide 88: Appendix – CEIP Exploration Target (continued)
Appendix 3 – CEIP Exploration Target (continued) Target Rank Target ID Strike (km) Depth (m) 1 Boo Loo East 3.0 400 1 Gap 1.5 400 1 Hambidge 13.0 600 1 Boo Loo West 1.5 400 1 South Deeps 4.0 600 1 Collins 2.0 300 1 Bobtail 1.5 300 1 Ben’s Hill 5.0 300 1 Joshua 2.5 300 1 Fairview 3.0 250 1 Fairview E