Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — Shareholder Meeting (November 2022)
11 slides from Magnetite Mines's shareholder meeting presentation, Nov 23, 2022
Slide 1: Annual General Meeting CEO Presentation
For personal use only Annual General Meeting CEO Presentation 23 November 2022
Slide 2: Disclaimer
Disclaimer For personal use only IMPORTANT NOTICE ADDITIONAL INFORMATION The purpose of this presentation is to provide general information about Magnetite This presentation should be read in conjunction with the Annual Report at 30 June Mines Limited ("MGT"). It is not recommended that any person m
Slide 3: COP27 calls for billions in global green steel investment
COP27 calls for billions in global green steel investment Steel one of five priority areas targeted for emissions reductions For personal use only Direct emissions intensity of steel production NEW 2.0 COP27 emissions target 30% reduction by 2030 1.8 1.5 t CO2 / t steel High-grade ore for Direct Red
Slide 4: Rapid commitment to new DRI-EAF installations
Rapid commitment to new DRI-EAF installations … has escalated urgency to secure high-grade iron ore feed supply For personal use only Not all iron ore is equal; the relatively small, higher-quality market High-grade iron ore consumption to increase five-fold to 750Mtpa US$95 - $125B to be spent
Slide 5: Asia to remain key market for Australian iron ore
Asia to remain key market for Australian iron ore Demand for iron ore & steel tied to infrastructure and housing development Asia accounted for 81% of global iron ore demand in 2021 For personal use only CHINA 63% iron ore imports met by Australia in 2021 Accounts for ~62% of global steel emissi
Slide 6: Project de-risking
Project de-risking Confirming the “sweet spot” for initial project scale and product suite For personal use only OBJECTIVE: Define optimum go-forward case for refocussed DFS Selection of scale and product target market critical to Project success Market feedback fundamental to decisions Too sm
Slide 7: Optimisation Studies for completion Q1 2023
Optimisation Studies for completion Q1 2023 Confirming the “sweet spot” for initial project scale and product suite For personal use only Study Study Division Previous Previous Small configuration Scale Configuration Current 5 – 10Mtpa studies Scale: Single 2.5Mtpa module Scale: Multiple 2.5 Mtpa mo
Slide 8: Razorback Project development approvals
Razorback Project development approvals Our pathway to project delivery For personal use only INTENDED MINING EXPANSIVE MINE NO SPECIFC EPBC ACT MINING LEASE LEASE AREA BASELINE SURVEYS TRIGGER FOR MINING PROPOSAL UNDER IDENTIFIED COMPLETED IDENTIFIED DEVELOPMENT 8
Slide 9: Securing land access through responsible action
Securing land access through responsible action Project de-risking for mining areas and infrastructure corridors For personal use only A considered approach to First Nation engagement Land access negotiations advancing on all fronts Cultural heritage surveys ~3,500ha completed by Ngadjuri heritage t
Slide 10: Work in focus to secure best possible project structure
Work in focus to secure best possible project structure Three workstreams progressing in parallel For personal use only 1. TECHNICAL & REGULATORY DE-RISKING Necessary to secure project approvals and attract financing partners Optimisation studies March 2023 Refocused DFS (5 – 10 Mtpa) Land access, p
Slide 11: Contact
For personal use only Contact gemma.brosnan@magnetitemines.com +61 8 8427 0516 www.magnetitemines.com 11
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