Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Shareholder Meeting (April 2017)
10 slides from Mgx Resources's shareholder meeting presentation, Apr 5, 2017
Slide 1: General Meeting 2017 CEO Presentation
General Meeting 2017 MGX CEO Presentation 5 April 2017
Slide 2: Disclaimer
Disclaimer 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 Prospectus nor an Offe
Slide 3: EGM Update: Business overview
EGM Update Business overview Koolan Island • Site placed on care and maintenance in the June 2016 quarter. • Business Interruption component of insurance claim progressing. • Outcome of Main Pit seawall rebuild and restart evaluation expected shortly. Mid-West Region Extension Hill and Iron Hill • M
Slide 4: Mid West: Extension Hill and Iron Hill
Mid West Extension Hill and Iron Hill • Extension Hill pit completed in November 2016, sales from stockpiles to continue into mid 2017. N • Development of Iron Hill Deposit, 3km south of Extension Hill pit, approved and site works commenced in February 2017. • Negligible capital to be spent, utilise
Slide 5: Koolan Island: A high quality asset
Koolan Island A high quality asset • Operation placed on care and maintenance in June 2016 quarter. • Seawall insurance claim progressing: $86m property damage settlement agreed, all funds received by end-July 2016. No restrictions on deployment of settlement proceeds. Business interruption co
Slide 6: Key Business Objectives
Key Business Objectives • Mid West – complete development of the Iron Hill deposit to commence sales in the June 2017 quarter, and maximise sales/cashflow from operations and low grade stockpiles. • Koolan Island – maintain the site on care and maintenance and complete assessment of the viability of
Slide 7: FY2016-17 Outlook
FY2016-17 Outlook Continued focus on cash margins and cost reductions Sales Guidance: − Group sales guidance of 3.2 - 3.5 Mwmt in FY2016-17. − Extension Hill and Iron Hill to contribute approximately 2.4 Mwmt of standard product. − Remainder to comprise mix of low margin sales of stockpiled low grad
Slide 8: Looking to the future
Looking to the future Longer Term: Continue to seek out opportunities that leverage our strengths to provide value creation for MGX shareholders: What strengths differentiate MGX? • Iron Hill mine extends life of the Mid-West operations to late 2018. • A premier potential high-grade iron ore opportu
Slide 9: General Meeting 2017
General Meeting 2017 MGX 5 April 2017
Slide 10: Mineral Resources & Ore Reserves at 30 June 2016
Supplementary Information Mineral Resources & Ore Reserves at 30 June 2016 Koolan Island Koolan Island (includes Main Deposit) Tonnes Fe SiO2 Al2O3 P Main Deposit Tonnes Fe SiO2 Al2O3 P millions % % % % millions % % % % Mineral Resources above 50% Fe Mineral Resources, above 50% Fe Measured 7.69 59.