Fenix Resources Limited · ASX:FEX
Fenix Resources — Investor Presentation (November 2020)
27 slides from Fenix Resources's investor presentation, Nov 11, 2020
Slide 1: The Next Australian High-Grade Iron Ore Miner
For personal use only THE NEXT AUSTRALIAN HIGH-GRADE IRON ORE MINER Corporate Presentation November 2020 F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 2: Important Disclosure
Important Disclosure Disclaimer For personal use only • The material in this presentation has been prepared by Fenix Resources Limited (“Fenix”) and is general background information on Fenix. This information is given in summary form and does not purport to be complete. Information in this presenta
Slide 3: Company Overview
For personal use only Company Overview F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 4: Why invest in Fenix
Why invest in Fenix The Next Australian High-Grade Iron Ore Miner For personal use only • 100% owner of the high-grade (Mineral Resource grade: 64.2%) Iron Ridge iron ore deposit in WA’s Mid West • 490km by mostly sealed road to Geraldton Port World Class WA High-Grade 64.2% Iron Mining Jurisdiction
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure & Pricing Share Price History Ordinary shares on issue 393.2m Volume (m) ClosePrice 20 14 Vendor Performance Shares 1 97.5m Unlisted Options 2 79.0m 18 12 Share Price (10 November 2020) Daily ClosingPrice (cents pershare) $0.130 16 Market ca
Slide 6: Iron Ridge Project
For personal use only Iron Ridge Project F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 7: Iron Ridge Project
Iron Ridge Project High Grade Iron Ore Project in the Midwest For personal use only • Fenix acquired the right to 100% of the project in May 2018 and completed the transaction in November 2018. • Mineral Resource Estimate1 of 10.5 Mt @ 64.2% Fe, which represents some of the highest grade iron ore in
Slide 8: Simple Geology & Standard Open Pit Mining
Simple Geology & Standard Open Pit Mining • Mineralisation at Iron Ridge starts at surface and plunges gently For personal use only to the south-west along strike with mineralisation continuing to a depth of up to 230m below surface. Current optimised open pit goes to a maximum depth of 155m • Consi
Slide 9: Uncomplicated Processing of Premium DSO
Uncomplicated Processing of Premium DSO • Low deleterious elements, well within acceptable limits For personal use only • No beneficiation is required, simple DSO material • Anticipated to produce premium >65% Fe lump and >63% Fe fines products at 25-30% lump ratio over the life-of-mine • Processing
Slide 10: Established Infrastructure Path
Established Infrastructure Path Low Capex contract mining & For personal use only trucking concept facilitated by key project characteristics Good Roads Sealed highway runs within ~15km of project. 490km (by road) to Geraldton Port Trucking Joint Venture Fenix formed a strategic alliance, via a 50/5
Slide 11: Feasibility Study Highlights
Feasibility Study Highlights The Feasibility Study (“FS”), released on 4 November 2019, Operating Metric Unit Feasibility Study For personal use only revealed a high-grade and high-quality Project that provides Processing Capacity Mtpa 1.25 strong returns over a moderate mine life Average Strip Rati
Slide 12: Improving Macroeconomic Factors
Improving Macroeconomic Factors Feasibility Study Current Spot Price Since the announcement of the Feasibility Study on 4 November Variance (%) For personal use only Assumptions (10 November 2020) 2019, both the A$ index iron ore price and diesel price have moved 62% Fe index price (US$) $78.00 $123
Slide 13: Capital & Operating Expenses – Feasibility Study
Capital & Operating Expenses – Feasibility Study For personal use only Capex Opex Commercial Pre Start-up Year 1 Capital Operating Cost (A$/dmt) LOM Average Cost Capital Cost (A$m) Production Initial Capex Total Capex Capital Cost Cost Cost Mining & Processing 20.87 Roads 2.76 - 2.76 1.89 4.65 Road
Slide 14: ~2 years of Successful Project Development
~2 years of Successful Project Development From acquiring Iron Ridge in November 2018, Fenix has rapidly developed the Project including two Mineral Resource Upgrades, For personal use only delivering a successful Feasibility Study, executing a Native Title agreement and obtaining approval of the Mi
Slide 15: 2020 Project Development Progress and Target Timeline
2020 Project Development Progress and Target Timeline For personal use only All required approvals to mine obtained Aug-20 Native Title Agreement First Shipment Early 2021 Aug-20 Approval of Mining Proposal Apr-20 General Purpose Lease Granted Mining Proposal submitted with the DMIRS Jun Sep Dec Fut
Slide 16: For personal use only
For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 16
Slide 17: For personal use only
For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 17
Slide 18: For personal use only
For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 18
Slide 19: For personal use only
For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 19
Slide 20: For personal use only
For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 20
Slide 21: For personal use only
For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 21
Slide 22: For personal use only
For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 22
Slide 23: Fenix Resources is Rapidly Developing its High-Grade Iron Ridge Project
Fenix Resources For personal use only The Next Australian High-Grade Iron Ore Miner Fenix Resources is Rapidly Developing its High-Grade Iron Ridge Project High-Grade 64.2% Iron Very Low Upfront Rapid Time to First World Class WA Ore Resource Capex Shipment Mining Jurisdiction F E N I X R E S O U R
Slide 24: Annexures
For personal use only Annexures F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 25: Iron Ore Pricing
Iron Ore Pricing Iron Ridge production attracts a premium Iron Ore price given its excellent quality For personal use only Iron Ore Price (CFR Qingdao) Total Chinese Iron Ore Port Inventory (Mt) 62% CFR Qingdao Equivalent (US$/dmt) 65% CFR Qingdao Equivalent (US$/dmt) $150 125 $140 120 $130 115 $120
Slide 26: Mineral Resource & Ore Reserve
Mineral Resource & Ore Reserve For personal use only ✓ Resource update in August 2019 delivered a significant increase in overall Resource confidence, with the Indicated Mineral Resource increasing by 51% ✓ High grade overall Resource of 10.5Mt @ 64.2% Fe Tonnes Fe Al2O3 LOI P SiO2 TiO2 Mt % % % % %
Slide 27: Contact
For personal use only Contact Rob Brierley Managing Director rob@fenixresources.com.au F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Fenix Resources — Investor Presentation (November 2020) on 6ix