Eastern Resources Limited · ASX:EFE
Eastern Resources — Eastern Iron — Investor Presentation (June 2011)
18 slides from Eastern Resources's investor presentation, Jun 23, 2011
Slide 1: Resources Roadshow June 2011
For personal use only Resources Roadshow June 2011
Slide 2: Disclaimer
Disclaimer For personal use only This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of wh
Slide 3: Eastern Iron Corporate Summary
Eastern Iron Corporate Summary For personal use only Board and Management • Directors: •Glenn Goodacre (Chair), Greg De Ross (Managing Director) •Greg Jones (PTS), Steve Gemmell, Wendy Corbett, Ivo Polovineo (Non Executive Directors). • Capital Structure • 65.3 million shares • market capitalization
Slide 4: June 2010-11 A Year of Achievement
• June 10 2010-11 A YEAR OF ACHIEVMENT •Airborne magnetic survey at Hawkwood For personal use only •Sept 10 •Hawkwood preliminary drilling •October 10 • 3E JV – NSW Iron pisolite project •Acquired Eulogie Project •November 10 • Hawkwood preliminary metallurgical testwork • Jan 11 • Completed Eulogie
Slide 5: NSW Pisolite Iron JV
NSW Pisolite Iron JV • Innovative approach to converting For personal use only the large resource of low grade iron pisolites in western NSW into marketable iron ore feed. •Exploration of less than 10% of the potential target areas identified from geophysics yielded a resource of 650Mt •Product easi
Slide 6: Central Queensland Iron Project
CENTRAL QUEENSLAND IRON PROJECT For personal use only A unique juxtaposition of large iron resources in an area of established infrastructure • Hawkwood project (EFE earning 80%) • Eulogie Project (EFE 100%) • Auburn exploration permit (EFE 100%) AUBURN
Slide 7: Hawkwood Project
Hawkwood Project For personal use only Eastern Iron earning 80% Expenditure to date around $700,000 including: • High resolution airborne magnetic survey • Ground magnetics • 19 hole 1848m RC drilling program (2010) • Diamond drilling (2011) • Metallurgical testwork (2010) • Cooperative study into
Slide 8: Hawkwood
Hawkwood For personal use only • Layered gabbroic igneous complex with magnetite “ferrigabbro” layers • Little previous exploration • Poor outcrop •12km magnetic anomaly (mineralised zone) • +500Mt exploration target resource
Slide 9: Hawkwood Drilling
Hawkwood For personal use only Drilling •12 km zone of mineralisation •Multiple layers of magnetite bearing ferrigabbro up to 100m thick • Suitable for low strip open cut mining.
Slide 10: Metallurgical Testwork
For personal use only Metallurgical Testwork Davis Tube results indicate a high grade iron concentrate with low impurities 80% of TiO2 goes to tail with potential for ilmenite by product Fe% V2O5% TiO2 SiO2 Al2O3% P% S% DTR% 66.6 0.67 2.2 1.8 1.7 <.001 0.14 17
Slide 11: Hawkwood – Premium Iron Product
Hawkwood – Premium Iron Product For personal use only Fe % Al203% Si02% Ti02% V205% P% DTR Hawkwood 66 1.7 1.8 2.2 0.735 0.001 75 um 17% Karara (GBG) 68.2 0.1 4.75 0.01 -30 um 40% Ridley (AGO) 68.3 0.03 4.3 0.01 -20 um 37% Balla Balla (AGO) 57 1.2 2.3 14.3 0.8 106 um 65% Hawsons (CAP) 69 3 0.005 30
Slide 12: Eulogie Project
Eulogie Project For personal use only • Magnetite bearing ferrigabbro • Expln target tonnage 500Mt- 1000Mt • Located 80km from Gladstone • Resource drilling underway
Slide 13: Eulogie: Concept Study
For personal use only Eulogie: Concept Study Resource drilling (May – June 2011) 3500m RC drilling to identify JORC 100-200Mt magnetite ore. Hellman & Schofield resource consultants Transport Study (June 2011) Identify preferred ore transport options Met. Study; METS (WA) (June 2011) Preliminary pro
Slide 14: Eulogie and Hawkwood Projects
Eulogie and Hawkwood Projects Local infrastructure supports rapid potential For personal use only development Eulogie: •Two rail options – inc road transport to Blackwater line (North) or Moura line (south) – total 190km to Gladstone •Gladstone Port access to cape size wharfs with existing and plann
Slide 15: Gladstone Port
For personal use only Gladstone Port: •Aust’s 3rd largest coal export port •Capesize berths •Planned expansions
Slide 16: Central Queensland Iron Project – Development Strategy
Central Queensland Iron Project – Development Strategy For personal use only •Two resource areas – Eulogie and Hawkwood total resource potential 1-2Bt. •Eulogie first development due to proximity to established infrastructure and potentially lowest cost •Intention to progress Eulogie to DFS in 2012
Slide 17: Eastern Iron - Summary
Eastern Iron - Summary For personal use only Central Queensland Iron Project (Hawkwood, Eulogie) • Large potential iron resources in an area of established infrastructure. • Close to Gladstone - major export port and potentially Australia’s largest industrial city. • High quality magnetite iron prod
Slide 18: Thank you / Questions?
Suite 3, Level 1, 80 Chandos Street Thankyou St Leonards,2065, Australia PO Box 956, Crows Nest,1585 For personal use only Ph: 02 9906 7551 Fax: 02 9906 5233 Questions? www.easterniron.com.au