Eastern Resources Limited · ASX:EFE
Eastern Resources — Eastern Iron — NSW Mineral Exploration & Investment Conference 2009
26 slides from Eastern Resources's conference presentation, Aug 13, 2009
Slide 1: Highlights from Iron's New Horizon
For personal use only Highlights from Iron’s New Horizon NSW Mineral Exploration & Investment 2009 Conference 13 August …The Eastern Dragon
Slide 2: Disclaimer
DISCLAIMER 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, For personal use only uncertainties and other factors, many of wh
Slide 3: Iron's New Horizon
For personal use only NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 4: Iron Ore Mining and Steel Production in NSW
Iron Ore Mining and Steel Production in NSW …everything old is new again For personal use only NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 5: Iron Production - Where is it headed?
IRON Production - Where is it headed? U.S. GEOLOGICAL SURVEY STATISTICS Asian and middle class For personal use only Affluence (Sustained Growth) All values in metric tons (t) iron ore. Data current to 15 Nov 2007. Supply and infrastructure 1987 “Crash” (Slide) constraints (Spike) Oil Shock (Slide)
Slide 6: Eastern Iron - Snapshot Executive Summary
! Eastern Iron - Snapshot EXECUTIVE SUMMARY ! ASX Listed - 16 May 2008 For personal use only ! Major Shareholder - PlatSearch NL ! Cash on hand - circa $3.2 Million ! 17 granted licences and a JV ! Cobar Project ! Main iron mineral is maghemite, a magnetic equivalent of hematite ! Potential Direct S
Slide 7: 2008 - Our First Year In Review
2008 - Our First Year In Review For personal use only ! Identified Channel Iron ore deposit potential in NSW in more than 1,100 kilometres of palaeochannel target length. ! Completed capital raising of $5 million and commenced trading on the ASX on 16 May 2008. ! Fulfilled requirements to earn an 80
Slide 8: 2009 - Current Year
2009 - Current Year ! Outlined an area for resource trial drilling with potential to produce For personal use only ex-mine products grading at least 50% Fe, “magnet direct ore”. Initial resource estimations are expected shortly. ! Signed a Joint Venture agreement with Drysdale Resources to explore a
Slide 9: Discovery 2000 / Exploration NSW / Airborne Magnetics
Discovery 2000 Exploration NSW For personal use only New Frontiers Airborne Magnetics NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 10: First Pass Drilling Complete
First Pass Drilling Complete For personal use only NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 11: Scout Drilling - Bimbella Prospect
Scout Drilling For personal use only Bimbella Prospect And gold target Yellow Streak Gold Mine Historic Production 293t @ 34.9 g/t NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 12: Scout Drilling - Belah, Oakvale, Amphitheatre, Shearlegs
Scout Drilling Belah Prospect For personal use only Grid drilling trial area Oakvale Prospect Amphitheatre Prospect Shearlegs Prospect NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 13: Oakvale Prospect
All iron Kilometre-long intersections from surface Oakvale Prospect zones grading >20% Fe For personal use only ! Drilled with a cross section of 40m spaced holes, and a long section of holes on a nominal 250m spacing over more than 90% of the identified target length ! Prospect is at least 3000m lo
Slide 14: NSW Mineral Exploration & Investment Conference
For personal use only NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 15: Shearlegs Prospect
Shearlegs Prospect All iron Kilometre long intersections from zones grading surface >20% Fe For personal use only Intersection grading >30% Fe ! Drilled with a cross section of 80m spaced holes, and a long section of holes on a nominal 250m spacing over less than 25% of the identified target length
Slide 16: Belah Tank
BELAH TANK For personal use only NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 17: Techno Prospect
TECHNO PROSPECT For personal use only NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 18: Amphitheatre Prospect
Amphitheatre Prospect Only a small percentage of potential target For personal use only kilometres have been drill tested Google Sketch Up by: NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 19: Single Pass Magnetic Separation
Single Pass Magnetic separation For personal use only NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 20: Metallurgy
Metallurgy For personal use only Relativly pure maghemite with an iron rich shell Minor included rock fragments and quartz But an iron rich shell Included rock fragments, silica, alumina etc But an iron rich shell NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s
Slide 21: Metallurgy Test Work - High tonnage, low cost blend feed
Metallurgy Test Work - High tonnage, low cost blend feed For personal use only LOI 1000 Al2O3 % Sample SiO2 % TiO2 % MgO % CaO % K2O % Ca Fe Mn % Fe % P% S% % 1 Head Grade 50.9 1 51.95 13.4 7 9.18 0.69 0.05 <0.0 1 0.07 2 0.01 2 0.15 0.97 2 2.00 2 Mag 1 55.1 7 56.06 10.2 6 7.21 0.68 0.06 <0.0 1 0.07
Slide 22: For personal use only
For personal use only ASXMineral NSW Code: EFE 26 March&2009 Exploration Investment Conference 13 August 2009 (ASX Code: EFE) …iron’s new horizon
Slide 23: Eastern Iron = low cost mining and simple processing
Eastern Iron = low cost mining and simple processing For personal use only 55% Fe 55+% Fe? 50% Fe Direct shipping of highest grades Onsite, near site or offsite gravity beneficiation to higher iron grades 1) DSO Potential 2) Sinter blend feed 3) Pellet or pig iron plant feed Long term supply options
Slide 24: Market Conditions
Market Conditions For personal use only Australian Contract Price vs Fe Spot Price Pattern drill trial and 5 tonne sample for PlatSearch NL forms Eastern Iron lists Beneficiation trials Eastern Iron subsidiary ASX Code: EFE Scout Drilling PlatSearch NL applys for IPO Preparation CID Prospective lice
Slide 25: For personal use only
! Bulk tonnage iron, the metal of growth discovered in the heart of For personal use only infrastructure rich NSW ! Existing rail, processing sites and port capacity ! Strong exploration and development team ! Low mining costs (no drill and blast) ! Supportive mining based community ! Existing infra
Slide 26: The Eastern Dragon
The Eastern Dragon For personal use only Thick Skinned Innovative Aggressive Opportunistic Adept at surviving adverse environments Profits when conditions improve Is always “looking up” A “Small” dragon But a DRAGON NSW Mineral Exploration & Investment Conference 13 August 2009 (ASX Code: EFE) …iron
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