Red Hill Minerals Ltd · ASX:RHI
Red Hill Minerals — Red Hill Iron — Shareholder Meeting (November 2013)
19 slides from Red Hill Minerals's shareholder meeting presentation, Nov 15, 2013
Slide 1: Annual General Meeting presentation
Registered Office: Level 2, 9 Havelock Street, West Perth WA 6005 ABN: 44 114 553 392 Postal Address: PO Box 1160, West Perth WA 6872 Telephone: (61 8) 9481 8627 Facsimile: (61 8) 9481 8445 E-mail: redhillinfo@redhilliron.com.au Website: www.redhilliron.com.au 15 November 2013 Company Announcements
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Slide 3: Disclaimer and Warning
eo RED HILL DISCLAIMER . fA IRON LIMITED ABN: 44 114 553 392 Disclaimer and Warning No representation or liability: No representation or warranty is made as to the faimess, currency, accuracy, completeness, reliability or reasonableness of this presentation, or any opinions, conclusions and forward-
Slide 4: Assets in the Pilbara: The Presentation
—- RED HILL THE PRESENTATION rap ay ee: IRON LIMITED 5 age ae = ABN: 44 114 553 392 ; ASSETS IN THE PILBARA tt Pannawonica Project o Location o Resources o Pre Feasibility Study Status RHIOJV Three Peak Hill tt ot © REDHILL IRON :
Slide 5: Pilbara Assets Summary
Pilbara Assets Summary PANNAWONICA (RHI 100%) RESOURCE 62.5 million tonnes at 53.4% Fe (52% Fe cut-off, Measured+Indicated +Inferred) RHIOJV (RHI 40% reducing to 20%) RESOURCE" 472Mt at 56.7% Fe (94Mt RHI) excluding 117Mt at Kens Bore East which Red Hill Iron contends form part of the RHIOJV. THREE
Slide 6: Pannawonica CID
Pannawonica CID * RHI owns 100% of the Whitegate and Redgate projects. * Recent Completion of Resource estimate shows: Category van) Fe (%) Measured 5.5 53.8 Indicated 47.6 53.4 Inferred 9.3 53.4 Grand Total 62.5 53.4 (At 52% Fe Cutoff) * The Bulk of the ore is at Redgate 80.0 600 S inferred 400 x00
Slide 7: Independent Mineral Resource Estimate for the Pannawonica Iron Ore Project
Independent Mineral Resource Estimate for the Pannawonica Iron Ore Project. Pannawonica Project: Mineral Resource at a 52% Fe cut-off Tonnes Fe Al203 P SiO02 Deposit Tenement Classification Lol (%) Ss (wn) )__(%)_)_ (x) Measured 27° 533 52 004 78 10.1 Redgate moa/498 Indicated 376 532 52 0.05 9.0 89
Slide 8: Pre Feasibility Study Status
Pre Feasibility Study Status Drilling Orebody Modeling Regulatory and Environmental Metallurgy Capital Costs Estimates Mine Planning Financial Modeling and Report Write 0% 20% 40% 60% 80% 100% = ae S 6 = VY s RED HILL IRON
Slide 9: Drilling at Redgate
° —) HILLIRON Dri ing at Redgate Redgate 312 RC holes (10,345m) Whitegate 143 RC holes (3,021m) Spacing is at nominal 100m by 100m Geostats holes at 25m by 25m. A total of 11 diamond drill holes for twinning and metallurgy (8 for Redgate and 3 for Whitegate) 47.5million tonnes of CID at 590S00N. © 1
Slide 10: Drilling at Whitegate
1607 S00N Drilling at Whitegate 1606500N Whitegate 143 RC holes (3,021m) ° o Redgate 312 RC holes (10,345m) o Spacing is at nominal 100m by 100m o Geostats holes at 25m by 25m. eossouN___, os o Atotal of 11 diamond drill holes for “Ts twinning and metallurgy (8 for Redgate } and 3 for Whitegate) a i
Slide 11: Study Progress: Mining, Redgate
Study Progress Mining [ Redgate Drilling Pit Optimisation and design Conceptual |Site layout 10
Slide 12: Study Progress: Mining, Whitegate
Study Progress Mining Whitegate Conceptual Site layout s RED HILL IRON bb 11
Slide 13: Study Progress: Mining
Study Progress Mining The use of Continuous Miners is anticipated — they are very cost competitive and allow close grade control and good mesa edge management s RED HILL IRON 12
Slide 14: Study Progress: Environmental, Cultural and Heritage
Study Progress Environmental, Cultural and Heritage Flora and Fauna studies are complete Ore, Waste and Low Grade material chemical characterisation nearly complete. Heritage studies are complete $5 REDHILLIRON 3B 13
Slide 15: Study Progress: Metallurgy and Marketing
Study Progress Metallurgy and Marketing Metallurgical Characterisation work is complete. o Samples representing anticipated High Grade and Marginal Grade ores from Redgate and Whitegate have been rigorously composited from diamond drill core. These represent the chemical characterisation of the ore.
Slide 16: Red Hill Iron Ore Joint Venture (RHIOJV)
Red Hill lron Ore Joint Venture (RHIOJV) (RHI 40% reducing to 20%) The West Pilbara Iron ore Project, of which the RHIOJV constitutes the bulk, has moved to minimum expenditure as the Managers AMCI (IO) and Aquila Steel disagree on budget expenditures. Sufficient work is being done to progress agree
Slide 17: Three Peak Hill
Three Peak Hill THREE PEAK HILL (RHI 100%) The hill and surrounds comprise hard feldspar porphyry. It is anticipated that this may be a hard rock source for road and rail construction, concrete aggregates, port breakwaters and road sheeting. The deposit is well sited - on proposed road and rail alig
Slide 18: Study Progress Summary
Study progress SUMMARY Pit Optimisation Complete Flora and Fauna studies Complete Ore, Waste and LG acid characterisation Nearly Complete Product Pricing Study Complete Metallurgical Characterisation work. Nearly Complete Heritage studies Complete Progressing * Native Title Agreement * Mine design a
Slide 19: Competent Person Statement
RED H | LL Competent Person Statement IRON LIMITED ABN: 44 114 553 392 a Competent Person Statement The information in this report that relotes to the Mineral Resource of the PANNAWONICA PROJECT is based on information compiled by Neal Leggo and Shane Fieldgate, who are employees of Ravensgate Minin