Fenix Resources Limited · ASX:FEX
Fenix Resources — Investor Presentation (February 2019)
15 slides from Fenix Resources's investor presentation, Feb 19, 2019
Slide 1: Fenix Resources Limited – Iron Ridge Project
For personal use only FENIX RESOURCES LIMITED Iron Ridge Project Premium Grade Iron Ore
Slide 2: Disclaimer
DISCLAIMER The material in this presentation has been prepared by Fenix Resources Limited (recently renamed from Emergent Resources Limited) (Fenix) For personal use only and is general background information on Fenix. This information is given in summary form and does not purport to be complete. In
Slide 3: Competent Person Statement
COMPETENT PERSON STATEMENT The information in this report that relates to Exploration Results is based on information compiled by Mr James Potter. Mr Potter is a full-time For personal use only employee of CSA Global Pty Ltd and is a Member of the Australasian Institute of Mining and Metallurgy and
Slide 4: Corporate Strategy
CORPORATE STRATEGY For personal use only Aim to supply premium- Plan to commercialise grade products to the Iron Ridge and build a steel industry trusted customer base Focused management and Board of Directors with industry specific and corporate experience Iron Ridge is our foundation asset. It cur
Slide 5: Corporate Summary
CORPORATE SUMMARY Market Capitalisation and Enterprise Value Share Price / Volume History (A$ millions) For personal use only Ordinary shares on issue Number 212.9 Share price (as at 15 Feb 2019) A$/share 0.056 Market Capitalisation A$m $11.9m Cash ( 31 December 2018) A$m $2.6m Enterprise Value A$m
Slide 6: Project Highlights
IRON RIDGE PROJECT HIGHLIGHTS For personal use only DSO Deposit • High Grade Hematite Iron Ore Project • Inferred Mineral Resource 5Mt @ 64.1% Fe at 50% Fe cut-off grade1 reported in accordance with the JORC code, 2012 Ed. • Resource expansion potential @ depth & along strike1 • Recently completed d
Slide 7: DSO Project Highlights
IRON RIDGE DSO PROJECT HIGHLIGHTS For personal use only Location/Tenure/Infrastructure • 100% owned Granted mining lease (M20/118) valid until 2030 • Lease pre-dates Native Title with Ministerial approval for the small-scale mining of iron ore • Located ~67km north of Cue in the Mid-West region of W
Slide 8: Premium Iron Ore Market – Structural Change Favours High Grade Ore
Iron Ridge Premium Iron Ore Market Structural Change Favours High Grade Ore For personal use only MB 65% Fe versus Platts 62% Fe Monthly Averages 110 45.00% 40.00% 100 35.00% 90 30.00% 80 25.00% 70 20.00% 15.00% 60 10.00% 50 5.00% 40 0.00% Premium Platts 62% IODEX CFR China (US$/dmt) 65% Fe Metal Bu
Slide 9: Premium Iron Ore Market – Structural Change Favours High Grade Ore
IRON RIDGE Premium Iron Ore Market – Structural Change Favours High Grade Ore For personal use only 65% Current ca.US$31/t premium for 65% Fe product versus 58% Fe product supports planned 490km of trucking to Geraldton Port 9 F E N I X R E S O U R C E S L I M I T E D - A S X : F E X
Slide 10: Drill Results deliver high-grade intercepts
IRON RIDGE Drill Results deliver 18 high-grade intercepts For personal use only Significant Intercepts as announced 17 January, 23 January and 5 February 2019 Hole ID From To Width Fe (%) Al2O3 (%) P (%) SiO2 (%) LOI (%) IR001 36 87 51 63.93 2.99 0.06 3.37 1.8 IR002 79.3 137.5 58.2 66.58 1.85 0.03 2
Slide 11: Interpreted Cross-Sections
IRON RIDGE Interpreted Cross-Sections For personal use only F E N I X R E S O U R C E S L I M I T E D - A S X : F E X
Slide 12: Interpreted Cross-Sections (continued)
IRON RIDGE Interpreted Cross-Sections (continued) For personal use only F E N I X R E S O U R C E S L I M I T E D - A S X : F E X
Slide 13: Capex and Opex Considerations
IRON RIDGE Capex and Opex Considerations For personal use only CAPEX requirement is expected to be modest due to: 1. No additional port infrastructure required as Geraldton Port currently has abundant surplus capacity for ore storage and ship loading 2. Existing sealed road used by Crossland Resourc
Slide 14: News Flow Targets
IRON RIDGE News Flow Targets For personal use only ❖ Initial drill results – 17 January 2019 ❖ Further drill results – 23 January and 5 February 2019 ❖ Mineral Resource update (reported in accordance with the JORC code) – March 2019 ❖ Metallurgical testwork results including lump to fines ratio, cru
Slide 15: Fenix Resources Limited
For personal use only FENIX RESOURCES LIMITED www.fenixresources.com.au info@fenixresources.com.au +
Fenix Resources — Investor Presentation (February 2019) on 6ix