Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Shareholder Meeting (November 2014)
12 slides from Mgx Resources's shareholder meeting presentation, Nov 12, 2014
Slide 1: Annual General Meeting – CEO Presentation
Annual General Meeting For personal use only Built on quality MGX CEO Presentation 12 November 2014
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, For personal use only in whole or in part, for any purpose without prior written approval from Mount Gibson Iron Limited. This Document is not a
Slide 3: FY2014 - Excellent operational performance
FY2014 - Excellent operational performance For personal use only • Lost time injury frequency rate reduced 38% to 3.43 • Record group ore sales of 9.7 Mt • Record sales revenue of $898 million • Record year-end cash balance of $520 million • Net operating cashflow up 32% to $238 million • Net profit
Slide 4: Tallering Peak – a final year of adding value
Tallering Peak – a final year of adding value For personal use only • Tenth anniversary of sales February 2014 • Life of mine ore sales +25 Mt • FY14 ore sales of 3 Mt vs 2.5 Mt forecast • LG stockpile sales generated strong cash margins while market window was open • Final year contribution from T6
Slide 5: Maximising value – a solid start to FY2015
Maximising value – a solid start to FY2015 For personal use only • Group ore sales 1.9 Mt Strong • Ore sales revenue of $117 million FOB • Koolan Island unit cash mining and admin costs operating reduced to bottom end of guidance of $7-9/t moved • Further productivity improvement expected performanc
Slide 6: Koolan Island – seawall update
Koolan Island – seawall update For personal use only • Minor slip occurred in upper section of southern pit wall on 24 October • Seawall remained effective, but mining in Main Pit suspended pending repairs • Acacia East mining accelerated to provide blending stocks on Main Pit resumption Acacia East
Slide 7: Koolan Island – a compelling value proposition
Koolan Island – a compelling value proposition • For personal use only Long life asset: ~7 years* • High grade DSO products • 3.7 Mt sold in FY14, including RSP • Ramping up to 4 Mtpa • Reducing unit mining costs and increasing productivity • Mobile fleet replacement progressing • Targeting bottom q
Slide 8: Extension Hill – a low-capital growth platform
Extension Hill – a low-capital growth platform • For personal use only Established road, rail and port solutions • ~0.6:1 remaining LOM strip ratio N • +3 years life at 3Mtpa* • High potential targets within 3km of existing pit, in Extension Hill South area • Iron Hill Prospect Exploration Target of
Slide 9: Looking to the future
Looking to the future For personal use only Ore sales history and indicative outlook* 12 Actual Forecast 10 First 8 priority goal Ore Sales 6 (Mwmt) 4 2 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Year to 30 June FY'15 guidance 6.0 - 6.4 Mt Shine (pote
Slide 10: Summary
Summary For personal use only • An established mid-cap iron ore producer • Strong balance sheet • Increasing ore grade and quality profile • Established transport infrastructure and long term customer contracts • Exploration upside and disciplined value-focused growth strategy • Experienced manageme
Slide 11: Thank You
Thank You For personal use only MGX For more information: Phone: +618 9426 7500 Email: admin@mtgibsoniron.com.au Web: www.mtgibsoniron.com.au 11
Slide 12: Supplementary information: Mineral Resources and Ore Reserves
Supplementary information Mineral Resources and Ore Reserves For personal use only Mineral Resources and Ore Reserves at 30 June 2014 Total Group Mineral Resources and Ore Reserves at 30 June 2014 Koolan Island Tonnes Fe SiO2 Al2O3 P Total Group Mineral Resources and Ore Reserves at 30 June millions
Mount Gibson Iron — Shareholder Meeting (November 2014) on 6ix