Accent Resources Nl · ASX:ACS
Accent Resources Nl — Shareholder Meeting (November 2007)
29 slides from Accent Resources Nl's shareholder meeting presentation, Nov 22, 2007
Slide 1: Steelmaking materials – a new player
For personal use only Steelmaking materials – a new player www.accentresources.com.au 22 November 2007
Slide 2: Important notice
Important notice For personal use only This presentation has been prepared and issued by Accent Resources NL (“ACS”) with the objective of providing information to interested parties about ACS. This presentation should not be considered as an offer or invitation to subscribe for or purchase any secu
Slide 3: Company Status
Company Status For personal use only ASX listed Metals & Mining: ACS Ordinary fully paid shares: 97,801,450 Options Listed (20c, Sep 2009): 28,345,669 Options Unlisted: (12c, Jul 2010): 10,000,000 Market Capitalisation: $A 25,000,000 12 month high – low: $A0.10 – 0.31 Directors & Management Institut
Slide 4: Top 20 shareholders
Top 20 For personal use only MR PETER FARRAH 4,750,000 4.86% ACADEMIC GROWTH INSTITUTE FUND 3,500,000 3.58% MR HOCK MENG RICHARD OH & 2,850,000 2.91% SOUTHPAC NOMINEES PTY LTD 2,350,000 2.40% MR KEVIN DAMIEN KENNY & 2,145,200 2.19% MR JEFFREY ROBERT MOULDS 2,010,812 2.06% ASCOT SECURITIES PTY LTD 2,
Slide 5: Directors & Management
Directors & Management Experienced combination of technical and commercial talent For personal use only Richard Oh Chairman Chartered Accountant Larry Low Non Executive Director Alan Wolstencroft Technical Director Geologist Ian Richer Non Executive Director Mining Engineer Terry Butler-Blaxell Non
Slide 6: Katanning Titanomagnetite Project
Katanning Titanomagnetite Project For personal use only Discovered during 1980’s. Located in south – west WA 3 hours by road from Perth Surface sampling > 1% V2O5 Largely untested by drilling Titanomagnetite outcrop at Subtle surface expression Red Hill target, Katanning >720 km2 project area Accent
Slide 7: For personal use only
500 000mE 6 300 000mN 6 280 000mN Accent earning 90% PLA tenement (Accent Fe-Ti-V rights) @Newman Western Australia 4 Kojonup momenes MGA 94 Zone 51
Slide 8: What is titanomagnetite?
Katanning What is titanomagnetite? Magnetite with intergrowths of ilmenite (titanium). For personal use only Commonly contains vanadium An important source of iron ore, vanadium and titanium And – a credible alternative to conventional iron ore
Slide 9: Origin & Pricing
Katanning Origin & Pricing For personal use only In situ titanomag. deposits typically contain 30 – 55% Iron Concentrates typically 56 – 65% Iron; priced on iron units basis Seaborne trade: currently exported from NZ New production sources: Balla Balla, Western Australia (AXO) Kuranakh, Russia (Aric
Slide 10: Infrastructure
Katanning Infrastructure For personal use only Readily access via sealed highways Railway through project to Albany (150 km to port) Grid Power passes through project area Close proximity to regional towns Coalfield & power station at Collie (120 km) Existing rail at Katanning 132kv power lines in p
Slide 11: Exploration Targets
Katanning Exploration Targets For personal use only Mine Hill >1% V2O5 & >50% Fe at surface Red Hill >1% V2O5 & >50% Fe at surface Martling >1% V2O5 & >50% Fe at surface Linda Sue >1% V2O5 & >50% Fe at surface Magnetic survey completed Drill target generation in progress Widespread geochemical anoma
Slide 12: Preliminary image of total magnetic intensity
For personal use only Preliminary image of total magnetic intensity
Slide 13: Katanning Iron-Vanadium Concentrates
Katanning Iron-Vanadium Concentrates For personal use only Recent bench scale beneficiation testwork Magnetic Concentrate Red Hill & Mine Hill oxide Achieved at coarse 300 micron grind 51.7 – 62.6% mass recovery 62 – 63% Iron 1.89 – 1.94% V2O5 <1.5% Silica 5.5 – 6.5% TiO2 (rejects majority of titani
Slide 14: Katanning Schematic
Katanning Schematic For personal use only LIMS & REMS Katanning magnetic separation Titanomagnetite (oxide) tails ~ 33% TiO2 coarse grind 300 microns Ilmenite recovery study magnetic conc. 52 – 63% of mass 63% Iron >1.8% V2O5 export to steelmaker <1.5% SiO2 or 5.5 – 6.5% TiO2 feed to vanadium plant
Slide 15: Concentrate Comparison
Katanning Concentrate Comparison titanomagnetite project mass recovery & grind size titanomagnetite project mass recovery and iron content of conc. For personal use only - major cost drivers competitveness as substitute for conventional magnetite mass rec 70 Balla Balla (a) 350 80 (Aurox) Balla Ball
Slide 16: Ilmenite (titanium) potential
Katanning Ilmenite (titanium) potential For personal use only Recent testwork designed to recover iron & vanadium Tailings fraction assays up to 33% TiO2 Historical testwork (dry magnetic separation) Linda Sue Generated a high intensity mag conc. > 41% TiO2 Wt% overall Wt% %V2O5 %V2O5 dist %TiO2 %Ti
Slide 17: Evaluation Schedule
Katanning Evaluation Schedule For personal use only How we will put Katanning on the map
Slide 18: Magnetite Range (Iron)
Magnetite Range (Iron) For personal use only Accent 80% Conventional magnetite Already “on the map” Rapid evaluation project – rapid value add Burgeoning mid-west locality Recently Drilled Encouraging widths of mineralisation 14 kilometres strike Excellent preliminary metallurgy -coarse grind -high
Slide 19: Magnetite Range Drilling & Magnetics
Magnetite Range Drilling & Magnetics For personal use only FROM TO Apparent IRON (metres) (metres) WIDTH % (metres) MGRC5 24 92 68 35.7 MGRC6 30 110 80 35.0 MGRC14 20 74 54 30.3 MGRC15 25 57 32 37.7 MGRC16 20 48 28 39.2 MGRC17 16 74 58 35.9
Slide 20: Magnetite Range Magnetite Quality
Magnetite Range Magnetite Quality For personal use only Davis Tube magnetic separation tests mass recovery and grind size are major drivers of cost High mass recovery 60 65 Comparatively coarse grind 55 60 mass rec Magnetite Range DR product 50 (ACS) DR grind size 55 Magnetite Range (ACS) BF 50 >69%
Slide 21: Magnetite Range Comparative Value
Magnetite Range Comparative Value For personal use only Along strike from Extension Hill Extension Hill 250mt magnetite BIF Extension Hill ~ 8 kms strike BIF Magnetite Range ~ 14 kms strike BIF Same sequence MGB sold Extension Hill for $A52m
Slide 22: Schedule
Schedule For personal use only Katanning testwork – in progress, continuing Katanning Drilling: Starts Jan 2008 Magnetite Range Drilling: Resumes Jan/Feb 2008 Economic Evaluation: 1st Half 2008 Customer & Potential Partner Discussions: In Progress
Slide 23: Notes to accompany charts
Notes to accompany charts. These comparisons are by no means exhaustive and are compiled from publicly available data. It For personal use only should be noted that the Mine Hill and Red Hill areas are at an early stage of exploration and have yet to be evaluated to enable mineral resource estimatio
Slide 24: Notes to accompany slides
Notes to accompany AGM Presentation Slide 1 Accent’s new direction is a focus on conventional iron ore (the Magnetite Range project near Mount Gibson) and alternative sources of iron ore and steelmaking For personal use only materials such as vanadium (at the new Katanning titanomagnetite project).
Slide 25: For personal use only
Ian Richer is an Engineer with more than 30 years’ experience in operations, project management and construction in the mining industry. Ian also has 10 years’ experience banking and corporate finance including director with Chase and Societe Generale, also as a consultant to the World Bank. Slides
Slide 26: For personal use only
Titanomagnetite is magnetite (an important iron ore) that contains intergrowths of titanium minerals such as ilmenite. Titanomagnetite is an important feed source at steelmaking operations around the world in China, South Africa, Russia and New Zealand. For personal use only The seaborne trade is cu
Slide 27: For personal use only
Slides 11 & 12 Surface sampling has identified titanomagnetite at several localities. The outcrop, although sparse, hosts vanadium mineralisation greater than 1% V2O5 and commonly greater than 50% iron. For personal use only These targets all require drilling. A high resolution airborne magnetic sur
Slide 28: For personal use only
Coarse grinding means lower energy inputs and high mass recovery means lower mill throughput is required to produce concentrate. This has important implications for processing costs. The iron content is also high compared to some other titanomagnetite deposits. The ironsand titanomagnetite currently
Slide 29: For personal use only
High mass recovery of concentrate and a relatively coarse grind size are indicated- potentially an advantage from a processing cost perspective. Slide 21 For personal use only Along strike to the south of Magnetite Range is the Extension Hill iron ore project. That project hosts both haematite and m
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