Ironveld Plc · LSE:IRON

Ironveld — Investor Presentation (October 2012)

20 slides from Ironveld's investor presentation, October 2012

  1. Slide 1: Northern Limb Pig Iron Project

    Northern Limb Pig Iron Project October 2012

  2. Slide 2: Contents

    Contents  Disclaimer  Snap Shot  Progress Since Listing  Strategy  Pig Iron Project  Main Magnetite Layer  Resource Statement  Work Program  Case Studies  Investment Case  Appendix 1

  3. Slide 3: Disclaimer

    Disclaimer The content of information contained in this Presentation has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance upon this Presentation for the purpose of engaging in any investment activity may expose an individu

  4. Slide 4: Snapshot

    Snapshot  Reverse take over of Mercury Recycling Group completed August 2012  Company renamed to Ironveld PLC  Shares in Issue 285.6 million  Share Price GBP 0.0212  Market Capitalization GBP 6.07 million 3

  5. Slide 5: Solid Progress since listing

    Solid Progress since listing  Successful on going drilling program since listing  Maiden inferred resource on the Farm La Pucella 9.44Mt @ 37.4% Fe  Total project resource increased to 42.34 Mt @36,2 % Fe  On track to deliver pre feasibility study in early 2013  Further strengthening of board w

  6. Slide 6: Strategy

    Strategy  Drivers  Bushveld Ti Magnetite cannot be exported as Direct Shipping Ore as it is  Lower grade than haematite  Cannot be used directly in a blast furnace  Carries a titanium penalty which outweighs the vanadium bonus  In order to maximise value the ore must be processed on site to: 

  7. Slide 7: Pig Iron Project

    Pig Iron Project  Ironveld holds interests in prospecting rights in the Northern Limb of the Bushveld Complex north of Mokopane, South Africa  Ironveld will develop a new pig iron plant with associated vanadium and titanium slag by products  Ironveld expects to mine its own magnetite resource at

  8. Slide 8: Main Magnetite Layer

    Main Magnetite Layer ) Fe,0; % V205% TiO, % SiO, % 10 20 30, 40 50 60 70 80 oo 03 o6 oo 12 18 oO 3 6 9 12 15 18 oO 10 20 30 40 50 Ea 22 22 22 2a t hanging wall gabbro 23 1 23 Lt 23 1 24 24 24 24 MAG 3 massive Ti-mgt 25 25 25 25 26 26 26 26 parting gabbro ar 27 aT 27 = MAG 4 massive Ti-mgt B28 28 28

  9. Slide 9: Resource Statement

    Resource Statement  Mineral Resource estimations were undertaken on the MML down to a vertical depth of 120 m, at a 30% Fe cut-off. The Mineral Resource has been separately calculated for the massive magnetite layers i.e. MAG3, parting and MAG4 (= MML) and for the MML including the disseminated Ti-

  10. Slide 10: Work Program

    Work Program Resource upgrade Resource upgrade from Inferred to from Indicated to Indicated measured Work Program 2013 2014 2015 OCT NOV DEC JAN FEB MAR APR MAY JUN 3rd Qtr 4th Qtr Ist Half 2nd Half Ist Half 2nd Half Exploration Driiling Assay Trenching Testwork Beneficiation Pre reduction Smelting

  11. Slide 11: Investment Case

    Investment Case  Experienced board with strong track record  High quality resource identified  Attractive and realistic project economics  Infrastructure and logistics to support project  Scoping Study complete  Pre -feasibility Study in hand completed early 2013  Drill program well advanced

  12. Slide 12: Appendix

    Appendix

  13. Slide 13: Pig Iron

    Pig Iron  Pig Iron  lower melting point than that of steel scrap.  combined with a denser charge make-up result in lower energy requirements and faster melting time in steel manufacture  Two main types of Pig Iron  Basic (used for steel making)  Foundry (used for grey iron – automotive industr

  14. Slide 14: Pig Iron Prices

    100 200 300 400 500 600 700 800 0 2001 M1 2001 M5 2001 M9 2002 M1 2002 M5 2002 M9 2003 M1 2003 M5 2003 M9 2004 M1 2004 M5 2004 M9 2005 M1 Pig Iron Prices 2005 M5 2005 M9 2006 M1 2006 M5 2006 M9 2007 M1 2007 M5 2007 M9 2008 M1 2008 M5 2008 M9 2009 M1 2009 M5 2009 M9 Brazillian Pig iron Prices 2010 M1

  15. Slide 15: New uses for Vanadium

    New uses for Vanadium  Currently the majority of Vanadium is used in the steel Industry  Growth in demand is linked to growth in steel HOWEVER  New Demand is anticipated from REDOX batteries  The extremely large capacities possible from vanadium redox batteries make them well suited to use in la

  16. Slide 16: Company Structure

    Company Structure Ironveld plc (formerly MRG) 100% 100% Mercury Recycling Ironveld Limited Mauritus 100% Ironveld Holdings 100% Ironveld Mining 74% 71% 74% Luge HW Iron Lapon 15

  17. Slide 17: Prospecting Rights Contractual Arrangements

    Prospecting Rights Contractual Arrangements  Ironveld has contracted with Pan Palladium and Hacra to explore for Magnetite Ore for its own account  On completion of the exploration Ironveld will apply for mining rights in the name of Pan Palladium and Hacra with a simultaneous section 11 transfer

  18. Slide 18: Core Drilling

    Core Drilling  Drilling has continued on the Northern Limb Ti-magnetite layers.  Current focussed on HACRA properties  4 rigs in use  61 holes, totalling 3,528m, now completed or in progress.  33 holes have been submitted to Set Point Laboratories for analysis.  Results being received monthly

  19. Slide 19: Infrastructure and Logistics

    Infrastructure and Logistics  Power  Pre reduction and hot charging furnace reduces power requirements  Eskom have indicated supply by 2014  Water  Located close to Glen Alpine Dam; offtake to be negotiated  Olifants/Steelpoort Rivers Joint Water forum planned Mokopane supply by 2015  Logisti

  20. Slide 20: Current Exploration

    Current Exploration (mene ERR PSA ee ne = =; aie |

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