Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — H1 FY2017 Earnings Presentation
14 slides from Mgx Resources's earnings presentation, Feb 15, 2017
Slide 1: HY2016-17 Financial Results
HY2016-17 Financial Results For personal use only MGX Investor Presentation 15 February 2017
Slide 2: Disclaimer
Disclaimer For personal use only This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval from Mount Gibson Iron Limited. This Document is not a
Slide 3: HY2016-17 Overview
HY2016-17 Overview (All figures are expressed in Australian dollars unless stated otherwise) For personal use only Sales revenue from continuing operations of $94 million (1H 2015-16: $124 million), and total sales revenue of $102 million including the discontinued Tallering Peak operation. Tota
Slide 4: A strong performance during operational transition
HY2016-17 A strong performance during operational transition For personal use only Half-Year ended Half-Year ended Results for half-year ended 31 December 2016 compared with the 31 December 31 December prior corresponding half-year period: 2016 2015 Ore tonnes mined* wmt (mill) 1.1 3.4 Ore tonnes so
Slide 5: Cash, Term Deposits & Liquid Investments
HY2016-17 Cash, Term Deposits & Liquid Investments For personal use only 5
Slide 6: FY2016-17 Outlook
FY2016-17 Outlook Continued focus on cash margins and cost reductions For personal use only Sales Guidance: − Group sales guidance increased to 3.2 - 3.5 Mwmt in FY2016-17. − Extension Hill and Iron Hill to contribute approximately 2.4 Mwmt of standard product. − Remainder to comprise mix of low mar
Slide 7: Mid West: Extension Hill and Iron Hill
Mid West Extension Hill and Iron Hill For personal use only • Extension Hill pit completed in November 2016, sales from stockpiles to continue into mid 2017. N • Development of Iron Hill Deposit, 3km south of Extension Hill pit, approved in February 2017. • Negligible capital to be spent, utilises e
Slide 8: Koolan Island: Restart evaluation on track
Koolan Island Restart evaluation on track For personal use only • Operation placed on care and maintenance in June 2016 quarter. • Seawall insurance claim progressing: $86m property damage settlement agreed, all funds received by end-July 2016. No restrictions on deployment of settlement proceed
Slide 9: Key Business Objectives
Key Business Objectives For personal use only • Mid West – complete development of the Iron Hill deposit to commence sales in the June 2017 quarter, and maximise sales/cashflow from operations and low grade stockpiles. • Koolan Island – maintain the site on care and maintenance and complete assessme
Slide 10: Looking to the future
Looking to the future For personal use only Longer Term: Continue to seek out opportunities that leverage our strengths to provide value creation for MGX shareholders: What strengths differentiate MGX? • Iron Hill mine extends life of the Mid-West operations to late 2018. • A premier potential high-
Slide 11: Financial Results
HY2016-17 Financial Results For personal use only MGX Investor Presentation 15 February 2017
Slide 12: Supplementary Information: Business overview
Supplementary Information Business overview For personal use only Koolan Island • Site placed on care and maintenance in the June 2016 quarter. • Business Interruption component of insurance claim progressing. • Main Pit seawall rebuild evaluation on track for completion in March 2017 quarter. Mid-W
Slide 13: Supplementary Information: Cost of sales & cash costs
Supplementary Information Cost of sales & cash costs For personal use only Mount Gibson Iron Limited Half-Year Half-Year Reconciliation of Cost of Sales to Cash Cost Information ended ended 31-Dec-16 31-Dec-15 Extension Hill Cost of sales (excluding impairment & reversals) $'000 $70,323 $82,722 Depr
Slide 14: Mineral Resources & Ore Reserves at 30 June 2016
Supplementary Information Mineral Resources & Ore Reserves at 30 June 2016 Koolan Island For personal use only Koolan Island (includes Main Deposit) Tonnes Fe SiO2 Al2O3 P Main Deposit Tonnes Fe SiO2 Al2O3 P millions % % % % millions % % % % Mineral Resources above 50% Fe Mineral Resources, above 50