Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Shareholder Meeting (November 2016)
13 slides from Mgx Resources's shareholder meeting presentation, Nov 9, 2016
Slide 1: Annual General Meeting 2016
Annual General Meeting 2016 For personal use only MGX CEO Jim Beyer 9 November 2016
Slide 2: Disclaimer
Disclaimer For personal use only This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval from Mount Gibson Iron Limited. This Document is not a
Slide 3: Key Outcomes of FY2016
Key Outcomes of FY2016 For personal use only Total Recordable Injury Rate dropped by 28% to 6.8. Extension Hill achieved 1000 days LTI free. 5.0 million wmt sold for revenue of $240 million. Underlying $19.4 million gross profit1. Reported statutory net profit after tax of $86.3 million.
Slide 4: Mid West: Extension Hill and Iron Hill
Mid West Extension Hill and Iron Hill For personal use only • Extension Hill pit completed in November 2016. N • Sales from stockpiles to continue into 2017. • Iron Hill Deposit, 3km south of Extension Hill pit, offers significant potential to extend production beyond 2017. • 3km Iron Hill Mineral R
Slide 5: Koolan Island
Koolan Island Continued value extraction in FY2016 Acacia East satellite pit For personal use only • Acacia East mining completed February 2016. • Total production of 2.2Mt achieved vs original target of 1.2Mt. • Maintained positive site cashflow through transition to care and maintenance. • Placed
Slide 6: Mount Gibson's Contribution
Mount Gibson’s Contribution Small mines make a big contribution For personal use only In its first 10 years to mid 2014 Mount Gibson had: • Sold over 50 million tonnes of iron ore for revenue of over $4.6 billion. • Paid State Government mineral royalties of ~ $255 million. • Paid corporate income t
Slide 7: Key Business Objectives
Key Business Objectives For personal use only • Extension Hill – finalise regulatory approvals for the development of the Iron Hill deposit. • Koolan Island – maintain the site on care and maintenance and assess the viability of restart. • Koolan Island seawall insurance – progress and finalise the
Slide 8: Looking to the future: 2017
Looking to the future For personal use only 2017 • Mid West/Extension Hill sales of 2.8 - 3.1 million tonnes in FY2017. • Extension Hill to contribute ~2.0Mt of standard DSO, Iron Hill targeted to commence in 1H 2017. • Continue the drive to reduce cash operating costs. • Complete engineering design
Slide 9: Looking to the future: Longer Term
Looking to the future For personal use only Longer Term Continue to seek out opportunities that leverage our strengths to provide value creation for MGX shareholders: What strengths differentiate MGX? • A premier potential high-grade iron ore opportunity at Koolan Island, with Main Deposit total Min
Slide 10: Key Business Objectives
Key Business Objectives For personal use only • Extension Hill – finalise regulatory approvals for the development of the Iron Hill deposit. • Koolan Island – maintain the site on care and maintenance and assess the viability of restart. • Koolan Island seawall insurance – progress and finalise the
Slide 11: Annual General Meeting 2016 CEO Presentation
Annual General Meeting 2016 For personal use only MGX CEO Presentation 9 November 2016
Slide 12: Supplementary Information: Business overview
Supplementary Information Business overview For personal use only Koolan Island • Acacia East satellite pit completed in February 2016. • Placed on care and maintenance in the June 2016 quarter. • Business Interruption component of insurance claim progressing. • Main Pit seawall rebuild evaluation t
Slide 13: Mineral Resources and Ore Reserves at 30 June 2016
Supplementary information Appendix Mineral – Reserves Resources and Resources and Ore Reserves at 30 June 2016* Koolan Island For personal use only Koolan Island (includes Main Deposit) Tonnes Fe SiO2 Al2O3 P Main Deposit Tonnes Fe SiO2 Al2O3 P millions % % % % millions % % % % Mineral Resources abo
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