Equatorial Resources Limited · ASX:EQX
Equatorial Resources — Mines & Money Conference London 2011
22 slides from Equatorial Resources's conference presentation, Dec 8, 2011
Slide 1: Africa's next major iron company
Africa’s next major iron company For personal use only Developing Large Scale Iron Projects in the Republic of Congo ASX: EQX December 2011 Mines & Money Conference London
Slide 2: Disclaimer Important Notice
DISCLAIMER Important Notice For personal use only • This document should be read in conjunction with any public announcements and • 3D and 2D modelling of new aeromagnetic survey data over the Company’s Mayoko‐ reports (including financial reports and disclosure documents) released by Equatorial Mou
Slide 3: Africa's Next Major Iron Company
For personal use only AFRICA’S NEXT MAJOR IRON COMPANY 3.6 – 6.1 BILLION tonne Iron Exploration Target* across two 100% owned projects Access to existing operational rail and port A$78.5M¹ in cash and securities Extensive drilling campaign underway Board and management with proven track re
Slide 4: Equatorial secures two new iron permits in Republic of Congo
ASX RELEASE: 8 DECEMBER 2011 For personal use only EQUATORIAL SECURES TWO NEW IRON PERMITS IN REPUBLIC OF CONGO New iron permits extend Company’s footprint Republic of Congo by 270% Dominant land holder in the Mayoko region Focus on extending exposure along existing rail corridor Both tenements 100%
Slide 5: Africa's Next Major Iron Company
For personal use only AFRICA’S NEXT MAJOR IRON COMPANY EQUATORIAL RESOURCES LTD (ASX: EQX) 2 December 2011 Fully Paid Ordinary Shares 114.3 million Unlisted Options (Various Expiry and Exercise Prices) 9.9 million Vendor Milestone Shares (100Mt JORC Mineral Resource) 2.0 million Market Capitalizatio
Slide 6: Central & West African Iron Ore: Globally Significant Undeveloped Region
For personal use only CENTRAL & WEST AFRICAN IRON ORE: Globally Significant Undeveloped Iron Ore Region Massive Scale High Quality resources Coarse Grained Ore Bodies Low cost of production 6
Slide 7: The Race to Production…
THE RACE TO PRODUCTION… For personal use only 7
Slide 8: The Infrastructure Reality
THE INFRASTRUCTURE REALITY For personal use only New iron production in Africa is coming on stream where two conditions exist: 1. Ore bodies are in proximity to existing railway lines; and 2. Presence of high grade oxide/hematite caps overlaying large magnetite ore bodies Existing infrastructure all
Slide 9: Republic of Congo
REPUBLIC OF CONGO For personal use only NOMINATION: COUNTRY AWARD, MINING JOURNAL OUTSTANDING ACHIEVEMENTS AWARDS 2011 Congo Brazzaville now on the investor radar and is attracting significant inward investment Economic diversification away from dependence on oil New mining code adopted in 200
Slide 10: Equatorial: Building a Track Record of Success
EQUATORIAL: For personal use only BUILDING A TRACK RECORD OF SUCCESS MINES & MONEY LAST YEAR Commence drilling at Mayoko‐Moussondji Commence metallurgical test work Sign initial agreements with rail and port authorities Complete initial rail feasibility study Complete initial port feasibil
Slide 11: Mayoko-Moussondji Iron Project
MAYOKO‐MOUSSONDJI IRON PROJECT For personal use only 11
Slide 12: Pathway to Resource Definition
For personal use only PATHWAY TO RESOURCE DEFINITION Drill program designed to delineate high grade direct shipping ore (“DSO”) Focus of drilling is the hematite cap at Makengui prospect Two drilling contractors currently operating three rigs for a total contracted program of ~70,000m Sample
Slide 13: Initial Drilling Has Confirmed Our Geological Model
For personal use only INITIAL DRILLING HAS CONFIRMED OUR GEOLOGICAL MODEL Geological model based on existence of enriched hematite caps overlaying extensive zones of magnetite BIF The following potential ore types are now recognised at Makengui: DSO: Enriched hematite, +50% Fe pDSO: Enriched hem
Slide 14: DSO Potential Confirmed by Initial Assay Results
For personal use only DSO POTENTIAL CONFIRMED BY INITIAL ASSAY RESULTS Enriched material extends over at least 1km of strike, up to 60m in depth from the surface, over 150m in width Caps are open to the northeast and southwest along strike Assay results indicate no significant levels of delete
Slide 15: Railway Access and Development
RAILWAY ACCESS AND DEVELOPMENT For personal use only Heavy Haulage Railway capable of 10Mtpa Equatorial has a current, valid agreement with rail authority (CFCO) allowing access to the railway line Framework in place for 25 year User Agreement Rail Engineering & Investment Study completed by
Slide 16: Port of Pointe-Noire Access and Development
PORT OF POINTE‐NOIRE For personal use only ACCESS AND DEVELOPMENT Port of Pointe‐Noire is one of the largest ports in Central & West Africa Agreement signed with port authority (PAPN) to cooperate on studies on the infrastructure required to export iron ore from the existing port Pre‐Feasibili
Slide 17: Badondo Iron Project
BADONDO IRON PROJECT For personal use only 17
Slide 18: Badondo Iron Project
BADONDO IRON PROJECT For personal use only Key position in emerging iron region 1.3 – 2.2 BILLION TONNES* exploration target of iron mineralisation (grade 30% ‐ 65% Fe), of which: • 200 to 300 MILLION TONNES* of enriched “hematite cap” potential estimated at a grade of 40% ‐ 65% Fe Recent entry
Slide 19: Rock Chip Assays Confirm High Grade Hematite Up to 68% Iron
ROCK CHIP ASSAYS CONFIRM HIGH GRADE For personal use only HEMATITE UP TO 68% IRON Assays confirm the presence of high grade supergene enriched hematite mineralisation at surface Low contaminant levels Detailed SRK mapping and sampling program completed across target prospects with results in t
Slide 20: Badondo Iron Project Drill Program
BADONDO IRON PROJECT For personal use only DRILL PROGRAM Strategy: Low cost, highly efficient scout drill program completed within short time frame EVH diamond drill rig (helicopter transportable) has been constructed and is being mobilised to site Commence drilling at Badondo in Q1 2012 *Expl
Slide 21: Equatorial: Catalysts for Value
EQUATORIAL: For personal use only CATALYSTS FOR VALUE Port Agreement Mayoko‐Moussondji drilling results leading to maiden resource Metallurgical test results – magnetite and pDSO Combined detailed rail and port feasibility studies Badondo reconnaissance results from SRK mapping program B
Slide 22: For personal use only
For personal use only ASX: EQX www.equatorialresources.com.au AUSTRALIA: Level 9, BGC Centre 28 The Esplanade Perth WA 6000 Australia Tel: +61 8 9466 5030 Fax: +61 8 9466 5029 REPUBLIC OF CONGO: 03 Avenue de Loango, 2eme. Etage, Ndjindji, Arrondissement 1 EP Lumumba, Pointe‐Noire Republic of Congo U
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