Apollo Minerals Limited · ASX:AON

Apollo Minerals — Investor Presentation (November 2012)

26 slides from Apollo Minerals's investor presentation, Dec 4, 2012

1. Slide 1: Arc 2012 Presentation – Moving ahead

   April 2012 Moving ahead… For personal use only Arc 2012 Presentation November 2012 Gina rail www siding,.apollominerals Commonwealth Hill, South Australia .com.au

2. Slide 2: Disclaimer

   For personal use only Disclaimer 2 This presentation has been prepared by Apollo Minerals Limited (“Apollo” or the “Company”). It should not be considered as an offer or invitation to subscribe for, or purchase any, securities in the Company or as an inducement to make an offer or invitation with re

3. Slide 3: Table of contents

   For personal use only Table of contents 3  Company overview  Iron ore expertise  Key projects  Commonwealth Hill Fe (SA)  Titan Base and Precious Metals (SA)  Kango North (Gabon) Moving ahead  Mt Oscar Main and Mt Oscar East Fe (WA)  Summary  Market comparisons

4. Slide 4: Iron ore developer but keeping an eye on the other metals

   Iron ore developer 4 …but keeping an eye on the other metals! For personal use only 1 Fe Direct Shipping Ore (DSO) Style Mineralisation 2 Super Premium Fe Concentrates Moving ahead 3 IOCGU and Ni-S ...with strong potential for significant base and precious metals.

5. Slide 5: Company overview

   Company overview 5 Well placed for significant growth For personal use only Company overview Executive and Board Source of funds  Iron ore focused Tony Ho - Chairman  Multiple projects Dominic Tisdell - Exec. Director, COO  PFS Stage in SA Richard Shemesian - Exec. Director Retail  High quality

6. Slide 6: Seaborne iron ore demand

   Seaborne iron ore demand 6 Long-term growth remains intact For personal use only Iron ore and steel demand forecasts  Structural demand / pricing drivers remain intact ie population, urbanisation and industrialisation  Outside of GFC ‘great depression’ in ’08 –’09, iron ore prices have averaged $1

7. Slide 7: Apollo's advantages

   Apollo’s advantages 7 Quality infrastructure. Quality technicals. For personal use only Apollo Advantages  Quality iron ore development team assembled (ex-Rio Tinto and Iron Ore Holdings)  Very low initial strip ratio potential - 0.5 to 1 (W:O)  Course grained mineralisation = lower costs  Able

8. Slide 8: Jindal Steel & Power

   Jindal Steel & Power 8 Apollo’s newest significant shareholder For personal use only Corporate Snapshot Locations Iron Ore & Power Hot Briquetted Steel Pellet Plant Coal Mining Generation Iron (HBI) 3 mtpa 15 mtpa 2,113 MW 1.5 mtpa 5 mtpa  Leading Indian player in steel, power, mining, oil & gas an

9. Slide 9: Apollo Management Team

   Apollo Management Team 9 Strong resources industry experience For personal use only •Dominic Tisdell – Executive Director and Chief Operating Officer (B Engineering (Mining), MBA) •15 years experience in mining, resources M&A and management consulting with Rio Tinto, Mitsubishi Corporation and Accen

10. Slide 10: Table of contents

    For personal use only Table of contents 10  Company overview  Iron ore expertise  Key projects  Commonwealth Hill Fe (SA)  Titan Base and Precious Metals (SA)  Kango North (Gabon) Moving ahead  Mt Oscar Main and Mt Oscar East Fe (WA)  Summary  Market comparisons

11. Slide 11: Commonwealth Hill

    Commonwealth Hill 11 A competitive iron ore development For personal use only Key Characteristics  Potential for very large resource and long mine life  Lower risk processing  Demonstrated high quality, high SA has 2 new iron OneSteel: value products ore producers as of $300m 2012 Giffen Well (WP

12. Slide 12: Exploration & resource definition

    Exploration & resource definition 12 Advancing our iron ore resources For personal use only  Sequoia (2012) Railway  JORC Compliant Resource: 72Mt @ 26% North Fe (Indicated 19.4 Mt @27.7% Fe and Inferred 52.6 Mt @25.3% Fe) Including 5Mt @ 40% Fe Wirrida  Expl. Target: 100 – 150Mt at 25 – 35% Fe S

13. Slide 13: Excellent infrastructure

    Excellent infrastructure 13 3rd party, multi-user rail and port services For personal use only  1st class rail services  At Commonwealth Hill iron ore deposit and prospects  High quality below rail engineering Gina rail siding at Commonwealth Hill Nearby Rankin Dam rail siding (ASX: IXR)  Above

14. Slide 14: Premium products

    Premium products 14 High purities at exceptional sizings For personal use only  Sought after haematite sinter fines product at circa 60% Fe  Super premium blended sinter fines product at 67-68% Fe  High quality magnetite pellet feed at 69% Fe 69% Fe Sequoia Concentrate (P80 = 143 µm) Concentrate

15. Slide 15: Positive Scoping Study

    Positive Scoping Study 15 …with opportunity for further enhancement For personal use only Capital Costs US$M Operating Costs A$/t US$/t Studies and approvals 16 Mining & rehabilitation 22.3 19.1 Process plant 182 Processing 22.6 19.4 Process infrastructure 91 Product logistics 34.6 29.6 Logistics 44

16. Slide 16: Table of contents

    For personal use only Table of contents 16  Company overview  Iron ore expertise  Key projects  Commonwealth Hill Fe (SA)  Titan Base and Precious Metals (SA)  Kango North (Gabon) Moving ahead  Mt Oscar Main and Mt Oscar East Fe (WA)  Summary  Market comparisons

17. Slide 17: Titan Base Metals Project

    Titan Base Metals Project 17 An emerging base metals hotspot For personal use only Gold Cairn Hill Ni-Cu-PGM Peculiar Knob Fe-Cu-Au-U Prominent Hill Fe Challenger Apollo Dirkin Minerals Moving ahead Aristachaus Olympic Dam Carrapateena

18. Slide 18: Wirrida Prospect: Strong Ni-S potential

    Titan Base Metals Project 18 Wirrida Prospect: Strong Ni-S potential For personal use only Wirrida Igneous Complex  Very large (10 – 7km), Fe rich, layered ultramafic – felsic intrusive  Obvious surface metal depletion Moving ahead  Petrology notes widespread sulphides and supersaturation during

19. Slide 19: Table of contents

    For personal use only Table of contents 19  Company overview  Iron ore expertise  Key projects  Commonwealth Hill Fe (SA)  Titan Base and Precious Metals (SA)  Kango North (Gabon) Moving ahead  Mt Oscar Main and Mt Oscar East Fe (WA)  Summary  Market comparisons

20. Slide 20: Kango North Project Highlights

    Kango North Project 20 Highlights For personal use only Helping develop Africa’s iron ore industry  Granted ~400km2 iron ore and gold Exploration Licence  Gabon - one of Africa’s most politically stable and economically developed countries  Iron ore occurrences exist over > 20km strike  Exceptio

21. Slide 21: Kango North Project: Advantage, Infrastructure

    Kango North Project 21 Advantage, Infrastructure For personal use only 1st class location  85km from Panamax capable, Port Owendo  20km from standard-gauge, 10mtpa Trans-Gabon railway (TGR)  Within 20km of two hydroelectric dams (127 MW total)  Sealed road within 30km of site Gina rail siding Mo

22. Slide 22: Kango North Project Geology

    Kango North Project 22 Geology For personal use only Highly prospective ground in an under-explored province  ~400km2 located in the heart of West Africa’s emerging world-class iron ore province  Typical West African iron ore prospect with potential for large-scale and DSO-grade caps  Sub-croppin

23. Slide 23: Kango North Project Product quality

    Kango North Project 23 Product quality For personal use only Early indications of exceptional product qualities  DTR testing carried out by AMDEL, Adelaide on samples of surface and near-surface BIF  Very high quality iron ore concentrate produced with a very high mass recovery (49%) and coarse gr

24. Slide 24: Table of contents

    24 Table of contents For personal use only  Company overview  Iron ore expertise  Key projects  Commonwealth Hill Fe (SA)  Titan Base and Precious Metals (SA)  Kango North (Gabon) Moving ahead  Mt Oscar Main and Mt Oscar East Fe (WA)  Summary  Market comparisons

25. Slide 25: Market comparables

    Market comparables 25 Significant upside at current levels For personal use only A$m 1,200 As at 12 Nov, 2012 1,000 982 800 600 Developer Producer 400 Moving ahead 289 222 200 212 200 102 43 34 55 10 0 Apollo Harranga Austral - Centrex Iron Road Western Equatorial Northern Grange Arrium Minerals asi

26. Slide 26: Investor Contact

    For personal use only ASX Code: AON 26 Investor Contact: Dominic Tisdell Chief Operating Officer Ph: +61 2 9078 7660 dominic@apollominerals.com.au Moving ahead The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by

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