Image Resources Nl · ASX:IMA
Image Resources Nl — Investor Presentation (October 2012)
22 slides from Image Resources Nl's investor presentation, Oct 24, 2012
Slide 1: Progressing Towards Heavy Minerals Sands Production
IMAGE RESOURCES NL ASX : IMA For personal use only PROGRESSING TOWARDS HEAVY MINERALS SANDS PRODUCTION Roadshow October 2012
Slide 2: Competent Person Statement
COMPETENT PERSON STATEMENT For personal use only COMPETENT PERSON’S STATEMENT – EXPLORATION RESULTS The information in this presentation is based on information compiled by Paul Leandri BAppSc who is a member of the Australasian Institute of Mining and Metallurgy. Paul Leandri is an employee of Imag
Slide 3: Forward Looking Statements
FORWARD LOOKING STATEMENT For personal use only FORWARD LOOKING STATEMENTS • Certain statements made during or in connection with this communication, including, without limitation, those concerning the economic outlook for the mining industry, expectations regarding prices, exploration or developmen
Slide 4: Corporate Summary
CORPORATE SUMMARY For personal use only Current Cash at Bank $1M (at 08/10/2012) Capital Structure Board and Management Market Cap $28.8M Peter Thomas Chairman Managing Director/ Peter Davies Shares 106.6M Project Manager Options 10.9M George Sakalidis Technical Director (held by Directors. All Paul
Slide 5: The Team
THE TEAM For personal use only Peter Davies – Image Managing Director/Project Manager Peter Davies, appointed as Managing Director in May 2012, is a mining engineer with 39 years of global experience in project evaluation and management of mining, chemicals and mineral sands operations. From 1995 to
Slide 6: The Team
THE TEAM For personal use only Paul Leandri – Image Exploration Manager Over 25 years experience in mining and exploration geology, including 8 years working for RGC Mineral Sands consisting of 5 years mine planning at Capel operations and 3 years exploration around Eneabba and the Murray Basin. Pas
Slide 7: The Team
THE TEAM For personal use only Eugene Dardengo – Processing Manager Eugene is an accomplished Metallurgist and Operations Manager with over 27 years’ experience in the Australian mining and mineral industry. Eugene has held a number of other diverse roles and was held accountable for Logistics Servi
Slide 8: The Team
THE TEAM For personal use only Peter McSweeney - MSP Engineering Peter has over 25 years experience in delivering industrial minerals projects throughout Australia and overseas. He has been the Managing Director of MSP Engineering for the past 16 years and during this period the company has delivere
Slide 9: Mineral Sands Focus in a World Class Location
MINERAL SANDS FOCUS IN A WORLD CLASS LOCATION For personal use only Advantages of the North Perth Basin Project: • High grade resources • Good quality products • Majority of resources are on cleared freehold farm land • Multi-user ports nearby with established road and rail access • Existing power a
Slide 10: Extensive Tenement Holdings
EXTENSIVE TENEMENT HOLDINGS For personal use only North Perth Basin Project Resources • Atlas and Atlas South (part MLA) • Hyperion • Helene • Red Gully (existing ML) • Boonanarring (existing ML - part) • Gingin North (existing ML) • Gingin South (existing ML - part) Longer Term Projects • Cooljarlo
Slide 11: North Perth Basin Resources
NORTH PERTH BASIN RESOURCES For personal use only Current Resources and Targets Atlas + Atlas Boonanarring Other NPB Total South JORC Mt 10.7 10.5 31.7 52.9 Resources Total Target M ining Mt 12 20 28 >60 I nventory BASE CASE Mt 9.6 20 26.3 Average HM % % 8.1 9.5 8 8.5 Zircon % in % 11.0 17.5 11 13.2
Slide 12: Boonanarring
BOONANARRING • JORC resource over 4.6km strike length For personal use only of 10.5Mt @ 7.0%HM containing 740kt HM, all Measured and Indicated (Refer to table of resources on pages 21-22 for full details) • East Strand on Block B contains 3.8Mt @9.5% HM with 21.1% of HM as Zircon (includes higher gr
Slide 13: Cleared Farmland
CLEARED FARMLAND For personal use only Boonanarring is cleared Freehold farmland 13
Slide 14: High Quality Products
HIGH QUALITY PRODUCTS For personal use only Boonanarring Ilmenite quality is very attractive to a wide range of customers: • 55% TiO2 (range of world deposits is between 40% and 60% TiO2) • Coarse Grained (D50 >200micron) • U+Th ~ 70ppm • Low CaO (important for slag plant feed) • Low Niobium and Van
Slide 15: Atlas
ATLAS For personal use only • JORC resource of 10.7Mt @ 7.8%HM containing 0.84Mt HM, all Measured and Indicated • High value mineral assemblage; 53.4% Ilmenite, 5.3% Leucoxene, 7.8% Rutile, 10.6% Zircon • Low strip ratio 0.8:1 • Atlas South Extension drilled • Mining Lease Application in progress Sh
Slide 16: Path to Production
PATH TO PRODUCTION For personal use only • First production scheduled for 2014 • Planned 3.3Mtpa single mine and Wet Plant operation • Initial production of HMC at Boonanarring planned for toll treatment or sale • Second mine and Wet Plant planned for Atlas in 2018 • Construction of Dry Mill to prod
Slide 17: Project Development Strategy
PROJECT DEVELOPMENT STRATEGY For personal use only 17
Slide 18: Milestones
MILESTONES For personal use only • Next update on project financial analysis: target Nov 2012 • Obtain product samples for testing by customers: target Jan 2013 • Aiming for resource upgrades at Boonanarring in Feb 2013 • Wet plant process testwork completion expected Feb 2013 • Land access and envi
Slide 19: Upside Potential
UPSIDE POTENTIAL For personal use only NPB Project • Potential for extension to known resources (Atlas, Rhea, Red Gully, Boonanarring and Gingin South/Chandala) • Potential for other major new finds south of Atlas (20Mt potential) Other Projects • Divest Eucla Basin assets • Large lower grade target
Slide 20: Clear Vision and Strategy
CLEAR VISION AND STRATEGY For personal use only Image has several competitive advantages: • World class assets and location • A strong management/project team, with extensive mineral sands experience • A clear planned path to production • Proven exploration expertise at extremely low costs • Low bar
Slide 21: NPB Detailed Resource Statement
NPB DETAILED RESOURCE STATEMENT For personal use only High Grade Resources Resource Resource BCM TONNES % HM % SLIMES HM TONNES VHM Ilmenite Leucoxene Rutile Zircon Category (%) (%) (%) (%) (%) Atlas Indicated 520,000 1,080,000 3.2 19.2 34,000 74 53 8 7 6 Atlas Measured 4,810,000 9,700,000 8.5 15.3
Slide 22: NPB Detailed Resource Statement (cont)
NPB DETAILED RESOURCE STATEMENT (cont) For personal use only High Grade Resources Helene Indicated 5,600,000 11,500,000 4.6 18.6 523,000 84 70 1 3 11 Hyperion Indicated 1,800,000 3,700,000 7.8 19.3 290,000 71 56 0 6 9 Red Gully Indicated 1,930,000 3,410,000 7.8 11.5 267,000 90 66 8 3 12 Red Gully In
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