Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Canaccord's Global Resource Conference 2012
25 slides from Centaurus Metals's conference presentation, Oct 17, 2012
Slide 1: Centaurus: Powering towards production
Centaurus: Powering towards production For personal use only • Jambreiro Feasibility Study: October 2012 • Approvals: Q4 2012 • Financing: Q1 2013 • Construction: Q2 2013 Darren Gordon Managing Director
Slide 2: Disclaimer
Disclaimer • This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, For personal use only solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentat
Slide 3: Overview
Overview • Building a long-term iron ore business in SE Brazil Developing low capital and operating cost mines near existing infrastructure and For personal use only • customers • 2Mtpa domestic production on track to commence at Jambreiro by Q4 of 2013: • Bankable Feasibility Study nearing completi
Slide 4: Brazil – Latin America's Economic Powerhouse
Brazil – Latin America’s Economic Powerhouse For personal use only • World economic ranking: 6th • Ranking in Latin America: 1st • GDP growth (2011) 2.7% • Revised GDP growth forecast (2012): 2.0% • Population: ~205M • Foreign Direct Investment (2011): US$67B • Iron ore production: >300Mtpa • Steel
Slide 5: Brazilian Iron Ore Market
Brazilian Iron Ore Market • Large domestic market for iron ore consumption For personal use only • Brazilian economy expected to rebound in the medium term with infrastructure investment for 2014 Soccer World Cup and 2016 Olympics • Significant market opportunity with major steel mills located withi
Slide 6: Brazilian Domestic Project Hub
Brazilian Domestic Project Hub For personal use only Page 6
Slide 7: Domestic Project Hub
Domestic Project Hub For personal use only • 174Mt resource base – three projects • Cornerstone = Jambreiro Project (125.2Mt) – 130km from Ipatinga steel- making region • Future growth potential: Guanhaes tenements, Passabem, Itambé Page 7
Slide 8: Overview
Jambreiro – Overview For personal use only Page 8
Slide 9: Production on Track for 2013
Jambreiro – Production on Track for 2013 Pre-Feasibility Study – November 2011: For personal use only • • Operating costs: A$20/tonne • EBITDA: A$858M, annual cash flows: A$101M • Post-tax NPV: A$289M, IRR: 53% @ US$73/t • Pre-production CAPEX: A$132M • Bankable Feasibility Study nearing completion
Slide 10: Bankable Feasibility Study
Jambreiro – Bankable Feasibility Study RESOURCES & MINING • In-fill drilling complete For personal use only • BFS JORC resource upgrade complete: • Consultant: BNA Micromine do Brazil 125.2Mt @ 26.7% Fe Consultoria Ltda (Brazilian branch of • Pit Optimization work complete international Microm
Slide 11: Plant Layout and Process Design
Jambreiro Plant Layout and Process Design PFS Assumptions BFS Assumptions For personal use only Initial mine life: 8.5 years 9.0 years Strip ratio: 0.94:1 0.95:1 Production rate: 2Mtpa 2Mtpa Page 11
Slide 12: Site Layout
Jambreiro – Site Layout For personal use only Page 12
Slide 13: Product Quality
Jambreiro – Product Quality For personal use only Mass PRODUCT QUALITY Fe% SiO2% Al2O3% P% Recovery % PROCESS – WET MAGNETIC SEPARATION FRIABLE ORE – PILOT PLANT (30T) Head Grade 30.4 52.3 2.7 0.02 Beneficiated Product 66.0 4.1 0.8 0.01 39.4 COMPACT MINERALISATION – BENCH SCALE Head Grade 25.0 55.9
Slide 14: Land Access & Approval Process
Jambreiro – Land Access & Approval Process Environmental Approvals For personal use only • EIA/RIMA lodged with SUPRAM • Three stage approval process • LP October 2012 (On track) • LI April 2013 • LO December Quarter 2013 • Strong community support for Project • Job creation • Share of royalty • SUP
Slide 15: Development Timeline
Jambreiro – Development Timeline 2012 2013 2014 On Site Construction For personal use only BFS Complete Commences Production Commences Commence Off Site Pre-Fabrication Lodge Mining Lease Application Project Financing In Place Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar A
Slide 16: Exploration Upside
Jambreiro – Exploration Upside For personal use only G100 Project • Initial mapping and detailed ground magnetic survey completed • Large magnetic anomaly, with 30km strike only 15km from Jambreiro • Similar geological setting to the friable ore identified at Jambreiro • To date magnetic signature h
Slide 17: Serra da Lontra Iron Ore Project – Bahia
Serra da Lontra Iron Ore Project – Bahia • 140km via sealed For personal use only road from export port of Ilheus • Opportunity for relatively low CAPEX export business • Supportive State Government in Bahia • Resource nearing completion • Scoping Study underway Page 17
Slide 18: Curral Velho Iron Ore Project – Paraiba
Curral Velho Iron Ore Project – Paraiba • Acquired via tenement swap For personal use only • 20km strike of prospective iron formation • 65km from major rail line under construction • 350km from major export port of Suapé • Tenement extensions being applied for with DNPM Page 18
Slide 19: Corporate Overview
Corporate Overview Capital Structure (post capital raising) Centaurus Metals Board For personal use only Shares on Issue 196.0m Didier Murcia B.Juris, LL.B Non-Executive Chairman Options 13.6m Darren Gordon B.Bus, CA. FFin, ACIS, MAICD Managing Director Share Price A$0.30 Peter Freund FAusIMM(CP), F
Slide 20: Centaurus Key Personnel
Centaurus Key Personnel For personal use only Geoff James: CFO & Company Secretary Alexandro de Moura: GM – Operations Bruno Scarpelli: GM – Environmental & OH&S Roger Fitzhardinge: GM – Exploration & Evaluation Rodrigo Branco: GM – Commercial • Strong Management team Luiz Carlos Noronha Jr.: Legal
Slide 21: Summary
Summary For personal use only • Brazil-focused iron ore developer • Proven business model: Mine, Beneficiate, Deliver • Low capital intensity, low operating costs • Strong forecast cash flows • Close to production: Feasibility Study nearing completion • Well-funded: $28m cash • Supportive strategic
Slide 22: Centaurus: Powering towards production
Centaurus: Powering towards production For personal use only Darren Gordon Managing Director Contact details: Registered Office: Level 1, 16 Ord Street, West Perth, Western Australia 6005 Telephone: +61 8 9420 4000 Email: office@centaurus.com.au October 2012
Slide 23: Resource Table
Jambreiro – Resource Table For personal use only Prospect/ Deposit Material Type Million Tonnes Fe % SiO2 % Al2O3 % P% LOI % Tigre Friable 39.5 28.3 51.7 4.4 0.04 1.7 Compact 41.2 25.6 51.8 3.8 0.06 1.0 TOTAL 81.3 26.9 51.7 4.1 0.05 1.3 Cruzeiro Friable 9.7 28.9 47.3 4.0 0.05 1.9 Compact 12.2 25.8 3
Slide 24: Resource Table
Jambreiro – Resource Table For personal use only JORC Category Million Tonnes Fe % SiO2 % Al2O3 % P% LOI % Friable Measured 37.6 28.8 50.7 4.4 0.04 1.7 Indicated 16.1 27.3 50.2 5.4 0.04 2.4 Measured + Indicated 53.7 28.4 50.6 4.7 0.04 1.9 Inferred 12.1 25.0 54.2 5.1 0.04 2.0 TOTAL 65.7 27.7 51.2 4.8
Slide 25: Resource & Reserve Estimates
Jambreiro – Resource & Reserve Estimates For personal use only Ore Reserve Classification – Nov 2011 Million Tonnes Fe % SiO2 % Al2O3 % P% LOI % Proven 12.0 28.6 51.2 4.5 0.03 1.7 Probable 37.0 28.0 51.0 5.2 0.04 2.2 TOTAL 49.0 28.2 51.1 5.0 0.04 2.1 In-Pit Resource – Sept 2012 Measured 35.4 28.5 49
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