Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Noosa Mining Investment Conference 2024
17 slides from Mgx Resources's conference presentation, Jul 18, 2024
Slide 1: Mount Gibson Iron Limited (ASX:MGX)
Mount Gibson Iron Limited (ASX:MGX) For personal use only 18 July 2024 MGX Australia’s Highest Grade Direct Shipping Iron Ore Exporter
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements For personal use only This Document 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 Documen
Slide 3: Business Overview – A Niche High Grade Iron Ore Producer
Mount Gibson Iron Business Overview – A Niche High Grade Iron Ore Producer Koolan Island Koolan For personal use only • Australia’s highest grade hematite Direct Shipping Ore (DSO) with Island direct port access to market. Approx 38 Mwmt* shipped to date. ⚫ ⚫Derby • High grade 65% Fe iron ore receiv
Slide 4: Corporate Overview
Mount Gibson Iron Corporate Overview MGX Share Price (last 12 months) 0.60 Issued shares 1,218 million shares For personal use only Share Price (A$/share) 0.50 Market $475 million ($0.39/share) 0.40 capitalisation 0.30 Cash/investments $436 million (excluding Fenix investment) 0.20 Bank Borrowings N
Slide 5: Market Conditions
Market Conditions Iron Ore Pricing 300 Iron Ore Price (US$/dmt CFR North China) Grade-Adjusted Premium/Discount (% per dmt unit relative to 62% Fe index) For personal use only 65% Fe 30% 250 62% Fe 58% Fe 20% 200 10% +10% 150 0% US$121 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 J
Slide 6: Iron Ore Quality in Steel Production
Iron Ore Quality in Steel Production Ore quality has a significant impact on steel making unit costs and emissions intensity Blast Furnace For personal use only The impurities content of iron ore (predominantly alumina & silica) determines Blast Furnace efficiency and productivity. High-impurity ore
Slide 7: A high grade and low impurity direct-shipping iron ore product
Koolan Island A high grade and low impurity direct-shipping iron ore product For personal use only WA Direct Shipping Iron Ore Fines Products WA Direct Shipping Iron Ore Fines Products WA Direct Shipping Iron Ore Fines Products Comparative Iron & Phosphorus Comparative Iron & Alumina Comparative Iro
Slide 8: Operations
Koolan Island Operations A unique site with dedicated village, mining, processing & ship-loading infrastructure 1km For personal use only N Acacia East deposit Original Airstrip Seawall Mangrove deposit Koolan Island is located in Yampi Sound in the Buccaneer Archipelago off the western Kimberley co
Slide 9: A unique mining operation
Koolan Island A unique mining operation • Main Pit length is 2km. Western End • Mining in the western end is complete at its final planned depth, circa 170m For personal use only below sea (mean tide) level. • Mining is now transitioning to the eastern half of the pit, where the high grade orebody i
Slide 10: Flyover Video
Koolan Island Flyover Video For personal use only Link to video: www.mtgibsoniron.com.au/investors-and-media/reports-and- presentations/koolan-island-main-pit-flyover-july-2024/ 10
Slide 11: A diverse and highly-skilled workforce
Koolan Island A diverse and highly-skilled workforce For personal use only MGX directly employs over 370 people, mostly at Koolan Island, plus contractors in specialist and project roles. Women account for 24% of the Group’s employees increasing the overall diversity of the workforce. Positive longs
Slide 12: FY24 performance and FY25 focus
Koolan Island FY24 performance and FY25 focus FY24 Operating Performance For personal use only • Main Pit ore mining totalled 3.7 Mwmt. • Shipments of 4.1 Mwmt, including previously stockpiled ore, at an average cash operating cost (before royalties and capital projects) of $74/wmt FOB. • Mine cashf
Slide 13: Cash & Investment backing supports the share price
Mount Gibson Iron Cash & Investment backing supports the share price Net Cash and Investment Holdings Backing per Share For personal use only 600 60 Net Cash & Investment Backing (AUD cps) Net Cash & Investments (A$m) (LHS) 500 50 Net Cash & Investments (AUD$m) Net Cash/Investments Backing (cps) (RH
Slide 14: Corporate Strategy
Corporate Strategy Cashflow Maximisation and Business Expansion Existing Operations For personal use only Maximise (safe) production and cashflow generation from the Koolan Island operation. Business Expansion Build on the established capital base to expand the business via resources investments inc
Slide 15: An established producer of high-grade iron ore products
Mount Gibson Iron (ASX:MGX) An established producer of high-grade iron ore products For personal use only An established independent mid-tier iron ore producer offering investment exposure to high grade (65% Fe) iron ores and robust cashflow generation. Clear strategy to maximise production and cash
Slide 16: MGX
Mount Gibson Iron Limited (ASX: MGX) MGX For personal use only Presentation authorised by Peter Kerr, Chief Executive Officer Mount Gibson Iron Limited +61 (0)8 9426 7500 www.mtgibsoniron.com.au 16
Slide 17: Supplementary Information
Supplementary Information Mineral Resources and Ore Reserves Information as at 30 June 2023* Total Group Mineral Resources and Ore Reserves at 30 June 2023 (above 50% Fe) Competent Persons Statements Tonnes Fe SiO2 Al2O3 P Exploration Results: millions % % % % The information in this report that rel
Mount Gibson Iron — Noosa Mining Investment Conference 2024 on 6ix