Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Shareholder Meeting (November 2017)
18 slides from Mgx Resources's shareholder meeting presentation, Nov 8, 2017
Slide 1: 2017 Annual General Meeting – CEO Presentation
2017 Annual General Meeting For personal use only MGX CEO Presentation 8 November 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: FY2017 in Review – Key Outcomes
2017 Annual General Meeting FY2017 in Review – Key Outcomes For personal use only Total Recordable Injury Rate reduced for 5th consecutive year – down 22% to 5.3^ Total product sales 3.2 Mwmt* for sales revenue of $173m. Gross profit before tax from continuing operations of $36.5m, net profit
Slide 4: Business Objectives FY2018
2017 Annual General Meeting Business Objectives FY2018 For personal use only • Mid West Operations - optimise Iron Hill Guidance for 2017/18 production and costs. Iron ore sales 3.5-3.8 Mwmt • Koolan Island - rebuild the Main Pit seawall, Site cash cost $42-46/wmt sold dewater the pit and prepare th
Slide 5: Strong start in September 2017 Quarter
2017 Annual General Meeting Strong start in September 2017 Quarter For personal use only Quarterly ore sales increased ~40% to 0.84 Mwmt including low grade sales of 0.18 Mwmt, for ore sales revenue of $43m Free on Board (FOB). All-in group cash costs** of $46/wmt FOB, a reduction of 27% compare
Slide 6: Business overview
2017 Annual General Meeting Business overview For personal use only Koolan Island • Koolan Island Restart Project approved April 2017. • Development capex $97m. • Stage One Ore Reserves 12.8Mt a 66% Fe*. • Material site works commenced June 2017. • Project +20% complete at end October. • First ore s
Slide 7: Mid West Operations
Mid West Operations Extension Hill and Iron Hill For personal use only • Extension Hill pit completed in November 2016, sales from stockpiles continued into mid 2017. N • Development of Iron Hill Deposit, 3km south of Extension Hill pit, approved in February 2017 and sales commenced June 2017. • Neg
Slide 8: Mid West Operations
Mid West Operations Extension Hill and Iron Hill For personal use only Aerial view of Extension Hill crushing plant and ore stockpiles Iron Hill haul road Production drilling at Iron Hill Ore being loaded at Extension Hill for delivery to Perenjori rail siding. 8
Slide 9: A premier high grade iron ore opportunity
Koolan Island Mine Restart A premier high grade iron ore opportunity For personal use only One of the world’s premier high grade hematite production N opportunities. Stage 1 Main Pit Ore Reserves of 12.8Mt @ 66.0% Fe* and initial mine life of 3.5 years. Initial capex of $97m including $10m con
Slide 10: Project +20% complete at end October
Koolan Island Mine Restart Project +20% complete at end October Koolan Island Restart Project Schedule and Progress For personal use only 2017 2018 2019 Task Name Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Rock Fi l l Emba nkment cons truction completed Seepa ge Ba rri er Cons truction in progress Dewa teri ng & Footw
Slide 11: Construction Progress
Koolan Island Mine Restart Construction Progress For personal use only Starter embankment showing closure of seawall breach, August 2017. Starter embankment construction in July 2017. 11
Slide 12: Construction Progress
Koolan Island Mine Restart Construction Progress For personal use only Grouting holes being drilled (upper) and vertical drains being drilled (lower), September 2017. Overview of seawall construction activity, September 2017. 12
Slide 13: Construction Progress
Koolan Island Mine Restart Construction Progress For personal use only Drilling vertical drains, August 2017. Seepage barrier construction preparations, showing excavators, bentonite plant and ponds, September 2017. 13
Slide 14: Construction Progress
Koolan Island Mine Restart Construction Progress For personal use only Excavation of pilot seepage barrier panel, September 2017. Specialised excavator digging pilot seepage barrier panel, September 2017. 14
Slide 15: Construction Progress
Koolan Island Mine Restart Construction Progress For personal use only Drilling to install seawall monitoring instrumentation, October 2017. Seepage barrier guide wall construction, October 2017. 15
Slide 16: Summary - our strengths set us apart
2017 Annual General Meeting Summary - our strengths set us apart For personal use only • Iron Hill mine extends life of the Mid-West operations to late 2018. • Koolan Island Restart Project is underway and represents a premier high-grade iron ore production opportunity with excellent financial retur
Slide 17: MGX CEO Presentation
2017 Annual General Meeting For personal use only MGX CEO Presentation 8 November 2017
Slide 18: Additional Information – Mineral Resources and Ore Reserves
Additional Information Group Mineral Resources and Ore Reserves at 30 June 2017* Koolan Island For personal use only Tonnes Fe SiO2 Al2O3 P millions % % % % Competent Persons Statements Mineral Resources, above 50% Fe Measured 7.69 59.1 13.53 1.16 0.018 Mount Gibson Iron Mineral Resources: Indicated
Mount Gibson Iron — Shareholder Meeting (November 2017) on 6ix