Iron Road Ltd · ASX:IRD
Iron Road — South Australian Resources & Energy Investment Conference 2011
22 slides from Iron Road's conference presentation, May 3, 2011
Slide 1: Delivering Iron Ore Opportunities: On the Road to Development
Aes —Siimited Delivering Iron Ore Opportunities On the Road to Development Andrew Stocks, Managing Director South Australian Resources & Energy Investment Conference, 3 May 2011
Slide 2: Forward-Looking Statements
Iron Road limited Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by Iron Road Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on speci
Slide 3: Iron Road is a developer of iron ore projects
For personal use only Iron Road is a developer of iron ore projects in Western Australia and South Australia. Due to time constraints I will only be talking today about our main project, the Central Eyre iron project, or CEIP. So as we go through the presentation, bear in mind that the CEIP is a lar
Slide 4: Company history and Sentient Group shareholding
For personal use only IPO June 2008, GFC not long after, later weakness due to RSPT/MRRT and options expiry 30 September 2010; A key feature of the IRD share register is The Sentient Group. Sentient is a private equity firm specialising in resources projects; Company maintained work levels dur
Slide 5: Current work
For personal use only Current work Mineral Resource at February 2011 is 1.2Bt – the largest in South Australia Exploration target of 2.87‐5.75Bt magnetite gneiss Prefeasibility study Infrastructure studies Community engagement and impact study The CEIP has many high order targets, however
Slide 6: Engaged consultants
For personal use only We have engaged accomplished consultants to assist us. 6
Slide 7: Mineral resource at Boo-Loo, Dolphin and Murphy South
For personal use only Now to cover off on what we are currently doing and how me meet other criteria necessary for this project to be a success. The mineral resource at Boo‐Loo and Dolphin is 328Mt, with a further 907Mt at Murphy South giving a global Mineral Resource on the CEIP of 1.2Bt. The diagr
Slide 8: Murphy South cross-section
For personal use only • Murphy South cross‐section – resource block model by Coffey Mining • The overall geometry suggests a large isoclinal fold (closure to south) • Subsequent Stage V drilling showed consistent results on each section as they were drilled • Cross‐section indicates excellent geomet
Slide 9: Prefeasibility Study - Mining
Prefeasibility Study - Mining Iron Road limited Mineral Resource and Mining by Coffey Mining =) Mineral Resource 1.2Bt @ 16.8% Fe = Completed extension drilling expected to add 80-120Mt = Current drilling expected to add 500-800Mt = Independent exploration target of 2.87-5.75Bt magnetite gneiss = Ge
Slide 10: Benchmarking - Concentrate Fe Grade
Benchmarking - Concentrate Fe Grade Fe DTR Grade (%) 73 71 69 67 65 63 61 59 57 55 Iron Road limited GIR-Yerecoin@ EMG.Beyondic @ @ VMC-Yalgoo ARHBalmgral car aio © RO-CEIP (Pye 53 micron) AGO-Ridie GBG-Karare @ @ IRD-CEIP (Pg 75 micron) CXM-Bungalow ACS-Magnetite Range © CFE-Cape Lambert IRD-CEIP (
Slide 11: Benchmarking - Concentrate SiO2 Grade
Benchmarking - Concentrate SiO, Grade Iron Road limited 14 @ =FXR-Mt Oscar ta 2 BS a 40 © CFE-Cape Lambert © o a & Ke a x 6 “is Rie fe) ACS-Megnetite Range # © cxN-Bungalow Silica upper limit ” GBG-Karara @ IRD-CEIP (Pep 106 micron) @ 4 AGO-Ridley ® ® ARH-Salmoral GRR -Southd: @ IRD-CEIP (Psy 75 mic
Slide 12: SiO2/Al2O3 ratio and blending ore
For personal use only Majority of the projects above the Ideal Ratio line are Banded Iron Formations and are generally geologically younger than those below the line. CEIP is not only desirable due to the coarse grind, but also due to the SiO2/Al2O3 ratio – ideal complementary blending ore. 12
Slide 13: Process scenario
For personal use only One possible process scenario is shown here. Key features of this process design include: • Early rejection of waste; • Early rejection of waste reduces power consumption and therefore operating costs; • Simple process, without flotation. Many of our peers require grind size of
Slide 14: Infrastructure and material transport
For personal use only And of course, material transport. • Our studies include power form Port Augusta; and • We have been in discussions with numerous parties for some time concerning potentially shared infrastructure, including power, water and port. 14
Slide 15: Summary
For personal use only Iron ore company focussed on developing it’s flagship Central Eyre Iron Project. Pre‐Feasibility study for potential 10Mtpa operation expected to be delivered by the end of May 2011; Significant 2.8‐5.8 billion tonne target identified by Coffey Mining; Resource of 1.2Bt
Slide 16: Summary (continued)
appointed non‐executive, Mr Jerry Ellis. Strong community relationships and local government support. For personal use only 15
Slide 17: On the Road to Development
Iron Road limited On the Road to Development aire com 16
Slide 18: Appendix — Board & Management
Appendix 1 — Board & Management Iron Road limited Chairman Non-Exec Director »— ~~ Non-Exec Director Julian Gosse lan Hume Jerry Ellis Company Secretary Graham Anderson Project Manager ~ Fop Venderhor Geology Manager Milo Res General Manager Larry Ingle Non-Exec Director Managing Director Matthew Ke
Slide 19: Appendix 2a — CEIP Resource Statement
Appendix 2a — CEIP Resource Statement phy South Mineral Resource Estimate Resource Classification Oxidation Material Type eae Disseminated 242 Fresh Banded 53 Inferred ds Transitional Disseminated and 27 Oxide banded 43 Total Inferred 365 Disseminated 290 Indicated Fresh Banded 252 Total Indicated 5
Slide 20: Appendix 2b — CEIP Resource Statement
Appendix 2b — CEIP Resource Statement Iron Road limited Boo-Loo Mineral Resource Estimate . Pres L Resource Classification Oxidation ee ie Se non ie a Fresh 277 17.3 $2.5 11.5 0.095 0.5 Inferred Transitional 13 17.0 52.4 11.6 0.094 10.7 Oxide 33 17.2 $2.1 11.6 0.094. 10.3 Total 328 173 524 115 0.095
Slide 21: Appendix 2c — CEIP Resource Statement
Appendix 2c — CEIP Resource Statement Iron Road limited Central Eyre Iron Project Global Mineral Resource Estimate Resource Classification Oxidation pane i aa ae ity a Fresh 572 av. 52.7 12.0 0.09 0.4 Inferred Transitional 40 16.5 51.2 13.2 0.07 7.3 Oxide 81 16.8 $1.1 12.9 0.08 8.2 Total Inferred 69
Slide 22: Appendix — CEIP Metallurgical test work
Appendix 3 — CEIP Metallurgical test work Iron Road limited Ee Fe Mass SiO, ALO, | P Lol a (%) Rec (%) (%) (%) l (%) (%) Disseminated + 69.7 19.2 1.2 1.0 0,00 3.2 Banded ? 69.3 12.4 1.2 1.0 0.00 3.4 P80 passing -40um 1 based on 1824 DTR composites across the Murphy South deposit only 2 based on 222
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