Eastern Resources Limited · ASX:EFE
Eastern Resources — Eastern Iron — Investor Presentation (May 2012)
15 slides from Eastern Resources's investor presentation, May 18, 2012
Slide 1: Eastern Iron Limited
For personal use only Eastern Iron Limited May 2012
Slide 2: Disclaimer
Disclaimer This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the co
Slide 3: Eastern Iron – Summary
Eastern Iron – Summary Three significant iron projects on the East Coast of Australia. Strategically focused on low capex, high margin iron ore For personal use only developments, close to bulk transport/export infrastructure in Australia and overseas. Present focus on newly acquired Nowa Nowa depos
Slide 4: Eastern Iron Corporate Summary and Capital Structure
Eastern Iron Corporate Summary Capital Structure • Tight capital structure • 68.8 million shares For personal use only • $1.3 million cash (Mar 2012) • PlatSearch NL (ASX:PTS) major shareholder (45.8%) • Share price: 7.0c (19 April ) • Ev $3.2M •Top 20 hold 70% of issued shares Experienced Board and
Slide 5: Nowa Nowa Iron Project
NOWA NOWA IRON PROJECT Located in Eastern Victoria – good local power, roads, labor, port infrastructure For personal use only 50 sq km held under exploration licence 100% owned by Eastern Iron Multiple deposits; further resource upside
Slide 6: Five Mile Deposit
• Drilled in 1950’s by Vic Govt. • Massive magnetite/hematite body Five Mile Deposit: • Unoccupied Crown Land • Native Title Agreements in place For personal use only • 8.9Mt @ 49% Fe Inferred Resource
Slide 7: Seven Mile Deposit
Seven Mile Deposit • High grade DSO hematite at surface For personal use only • Potential small open cut at start of development • Limited drilling: NN25 0-53.5m @ 61.5% Fe • Inferred 0.55Mt @ 48% Fe – potential to expand resource
Slide 8: Five Mile - Metallurgy
Five Mile - Metallurgy • Preliminary results from limited drill core sampling: For personal use only • Crushing and Dry LIMS gives low cost high quality magnetite product Dry LIMS - Wt.% Fe% SiO2% Al2O3% TiO2% MnO% P% S% 6.3mm Upper Comp 99.7 61.9 6.7 0.9 0.06 0.03 <0.01 0.62 Middle Comp 35.5 58.9 9
Slide 9: Deep Water Port Facilities at Eden
Deep Water Port Facilities at Eden For personal use only Two wharf options: SEFE wharf with stock pile areas, wharf conveyor and ship loader. Upto small panamax 60- 70,000DWT • Naval wharf with hard stand area, high standard newly constructed, wharf loading 35- 40,000DWT
Slide 10: Nowa Nowa Development Concept
NOWA NOWA Development Concept: IRON PROJECT • Open Pit Mine producing 1Mt pa iron product. For personal use only • Mine DSO hematite from 7Mile first then magnetite/hematite from 5 Mile • Explore other ore sources eg 6 Mile. • Road transport 220km to Eden Port (other transport options to Port Antho
Slide 11: Nowa Nowa – Additional Resource Potential
Nowa Nowa – Additional Resource Potential For personal use only 7 Mile: 0.55Mt1 DSO hematite •Multiple bodies of massive Magnetic Image magnetite/hematite 6 Mile: undrilled •Eastern extensions to 5 Mile and undrilled 6 Mile target represent exploration upside to total resource. 5 Mile: 8.92Mt1 49%Fe
Slide 12: Nowa Nowa Iron Project - Next steps
NOWA NOWA IRON PROJECT - Next steps Scoping study (April – Sept quarter 2012) • Engenium recently appointed For personal use only • Upgrade Five and Seven Mile resource • Large diameter core drilling for metallurgical and market testing • Firm transport arrangements • Investigate offtake options Fea
Slide 13: Central Queensland Iron Project
CENTRAL QUEENSLAND IRON PROJECT A unique opportunity of large iron resources in an For personal use only area of established infrastructure • Hawkwood project (EFE earning 80% currently at 50%) • Eulogie Project (EFE 100%) • Auburn exploration permit (EFE 100%)
Slide 14: Eastern Iron - Investment Summary
Eastern Iron - Investment Summary Eastern Iron is focused on the potential for near term development of Nowa Nowa For personal use only and other high grade DSO opportunities and realising value from its large scale Queensland magnetite projects Seeking to raise further capital to fund the completio
Slide 15: Thank you
Suite 3, Level 1, 80 Chandos Street Thankyou St Leonards,2065, Australia PO Box 956, Crows Nest,1585 For personal use only Ph: 02 9906 7551 Fax: 02 9906 5233 Questions? www.easterniron.com.au