Image Resources Nl · ASX:IMA
Image Resources Nl — Noosa Mining Virtual Conference 2020
23 slides from Image Resources Nl's conference presentation, Jul 13, 2020
Slide 1: ASX Release: Managing Director to present at Noosa Mining Virtual Conference
For personal use only ASX Release 13 July 2020 Managing Director Patrick Mutz to present at Noosa Mining Virtual Conference The good folks at Noosa Mining are hosting a virtual conference of mining professionals. The conference will be held across three days, 15-17 July 2020. Image Resources will pr
Slide 2: Australia's newest mineral sands miner
For personal use only Australia’s newest mineral sands miner Emerging mid-tier prospect Boonanarring Mineral Sands Project Noosa Mining Virtual Conference 15-17 July 2020 Patrick Mutz Managing Director Image Resources NL ASX: IMA 1
Slide 3: Disclaimer and Forward Looking Statements
Disclaimer and Forward Looking Statements For personal use only This presentation/document has been prepared by the management of Image Resources NL ("Image”, “IMA“, or “the Company”). The information presented includes an indicative outlook of the business activities of Image for the calendar year
Slide 4: Introduction
Introduction For personal use only Ø Established, profitable mining company focused exclusively on mineral sands Ø High quality portfolio of 100%-owned projects located in the North Perth Basin in Western Australia • 1,000 km2; 7 dry mining projects/prospects and 3 dredge mining prospects Ø Transiti
Slide 5: Boonanarring Mineral Sands Project
Boonanarring Mineral Sands Project For personal use only Very strong asset fundamentals Ø Excellent location; • 80km north of Perth in Western Australia • Major players (Iluka and Tronox) operating nearby Ø Exceptional deposit; • Very high ore grade 8.9%HM • Zircon-rich 27.5% of HM • Coarse grained
Slide 6: Boonanarring Project – Simple Business Model
Boonanarring Project – Simple Business Model For personal use only Mining Classic dry, open-cut mining utilising standard truck and shovel fleet. Processing 3.7Mtpa conventional wet concentrate plant to produce a high-quality HMC. Trucking HMC trucked to Bunbury port. Shipping HMC shipped in bulk to
Slide 7: Corporate Snapshot
Corporate Snapshot For personal use only Diverse and Experienced Board and Management ASX Code: IMA Board of Directors Share Price: A$0.17* Bob Besley – Independent Chairman 12-Month Price Range: A$0.12-0.30 Patrick Mutz – Managing Director Shares on Issue: 981m Chaodian Chen - Non-Executive Directo
Slide 8: Operational Performance – Track Record
Operational Performance – Track Record Excellent track record of operational delivery For personal use only Wet Concentrate Plant Ore Processed (kt) Ø Project commissioned in Dec-18. 985 874 863 784 Ø MarQ 2020 production set quarterly 664 record for both tonnes of ore processed and HMC produced. Ø
Slide 9: Operational Performance – Cost Control
Operational Performance – Cost Control Demonstrating cost discipline For personal use only Ø Improved operating rates and expected ore grade are supporting high HMC production rates which in conjunction with continued cost discipline are reflected in falling unit costs. Unit Cash Costs (A$/t HMC Pro
Slide 10: Operational Performance – Guidance & Forecasts
Operational Performance – Guidance & Forecasts For personal use only Item Units 2019 2020 2021 Results Guidance Forecast HMC Produced DMT 000s 270 300-330 300-330 HMC Sold DMT 000s 238 300-330 300-330 Project Operating Costs A$m 73 100-110 90-100 C1 Cash Costs per tonne HMC sold A$/DMT 327 290-320 2
Slide 11: Ore Reserves – Updated Dec 2019
Ore Reserves – Updated Dec 2019 For personal use only HIGH-QUALITY ORE RESERVES Ø JORC Code (2012) Compliant Ø Very High HM ore grade; exceptionally high zircon grade at Boonanarring Ø Atlas to be mined in series following Boonanarring Ore Reserves - Strand Deposits; in accordance with the JORC Code
Slide 12: Mine Life Summary
Mine Life Summary For personal use only Exploration Budget expanded with focus on increasing Ore Reserves and mine life Ø Mine-life from Dec 2019 Ore Reserve estimated at 6 years Ø Ore Reserves at Boonanarring expandable • Drill results indicate potential extension of the deposit to south, north and
Slide 13: Multiple Extension Areas at Boonanarring
Multiple Extension Areas at Boonanarring For personal use only Northern Ø Initially focused on areas within 10km of Extension current location of Boonanarring Wet Northwest Area Concentration Plant (WCP) Extension Area Ø Northern Extension Area (NEA) • Previously reported; 2017 WCP • High grades, hi
Slide 14: Mineral Resources
Mineral Resources Established Mineral Resources in North Perth Basin For personal use only Ø Dry Mining Mineral Resources of 93Mt; 6.3% HM and 17% Zircon+Rutile in the HM Ø Dredge Mining Mineral Resources of 236Mt; 2.1% HM and 11.5% Zircon+Rutile in the HM JORC Mineral Resources 12% Regans Ford Dry
Slide 15: Projects Pyramid – Strand Deposits – Dry Mining
Projects Pyramid – Strand Deposits – Dry Mining Mineral Resources – Accessible by Dry Open-Cut Mining For personal use only Projects ranked by combined zircon plus rutile (Z+R) contained in the HM Tonnes and grades are for Mineral Resources; Boonanarring, Atlas, Helene & Hyperion per JORC Code (2012
Slide 16: Projects Pyramid – Dredge Mining Prospects
Projects Pyramid – Dredge Mining Prospects Mineral Resources – Accessible by Dredge Mining For personal use only Projects ranked by HM Grade and include combined zircon plus rutile (Z+R) contained in the HM Positive attributes • 90+%VHM; • <5% slimes; Bidaminna Bidaminna Mineral Resources currently
Slide 17: Solar Farm at Boonanarring
Solar Farm at Boonanarring For personal use only Sunrise Energy Group Pty Ltd constructing 2.3 MWAC solar farm Ø Construction and operation by Sunrise Energy; Ø Located on Image owned land adjacent to Boonanarring processing plant; Ø Plan to provide 25% of electricity requirements for mining/process
Slide 18: Community Engagement Program
Community Engagement Program For personal use only Image is proud of its active and varied community support and engagement program including through local employment. Image proudly contributes to the local community including through local employment. At 31 December 2019, 59% of its workforce lived
Slide 19: Forward Looking Plans
Forward Looking Plans For personal use only Summary Ø Continue with profitable operations; CY2020 & 2021 slated to be stronger than 2019 Ø Increase Ore Reserves under Project ‘MORE’ Ø Continue to look to diversify geographical HMC sales base and evaluate value-add options for separation of HMC in Au
Slide 20: For further information
For further information For personal use only Patrick Mutz Managing Director Image Resources NL info@imageres.com.au Office: +61 8 9485 2410 Ground Floor, 23 Ventnor Avenue West Perth, WA 6005 PO Box 469, West Perth, WA 6872 www.imageres.com.au 19
Slide 21: Mineral Resources
Mineral Resources For personal use only Mineral Resources - Strand Deposits; in accordance with the JORC Code (2012) @ 2.0% HM Cut-off Mineral Resources - Dredge deposits; in accordance with JORC Code (2012) @ 1.0% HM Cut-off Project/Deposit Category Volume Tonnes % HM % Slimes HM Tonnes VHM Ilmenit
Slide 22: Mineral Sand Markets – Zircon
Mineral Sand Markets – Zircon Ø Chinese zircon demand softened during late 19 & 1H’20 as the COVID-19 pandemic impacted For personal use only downstream demand and international exports. Ø Global supply side disruptions have provided some stability to pricing. Ø Chinese domestic zircon stocks now lo
Slide 23: Mineral Sand Markets – TiO2
Mineral Sand Markets – TiO2 For personal use only Ø TiO2 markets showing strength and stability. Ø Ilmenite markets buoyed by limited global supply exacerbated by Chinese domestic mine suspensions and strong operating rates at sulfate pigment plants and relatively low inventory levels Ø Rutile marke
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