Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Shareholder Meeting (November 2024)
23 slides from Mgx Resources's shareholder meeting presentation, Nov 20, 2024
Slide 1: CEO Presentation - Annual General Meeting
Mount Gibson Iron Limited (ASX:MGX) CEO Presentation For personal use only Annual General Meeting 20 November 2024 MGX
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This Document may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in For personal use only whole or in part, for any purpose without prior written approval from Mount Gibson Iron Limited. This Documen
Slide 3: MGX's 20th Year as an Iron Ore Producer
MGX’s 20th Year as an Iron Ore Producer Mount Gibson Iron (MGX) listed on the ASX in 2002 with For personal use only iron ore projects in the Mid-West region of WA. Sales commenced in 2004, with +50 Mt being shipped from three Mid-West mines before divestment in 2023. Tallering Peak mine 2004-2014 E
Slide 4: Corporate Overview
Corporate Overview MGX Share Price (last 12 months) Issued shares 1,215 million shares 0.7 For personal use only Share Price (A$/share) Market 0.6 A$370 million ($0.305/share) capitalisation 0.5 0.4 A$434 million (30 September 2024)* Cash/investments 0.3 *including FEX holding 0.2 Bank Borrowings Ni
Slide 5: Strong underlying performance in FY24
Strong underlying performance in FY24 Strong Operating Performance Other Business For personal use only • Iron ore mined of 3.7 Mwmt. • Fenix shareholding (8.6%) valued at $20 million at period end, increasing to just over 10% in September quarter. • Average waste-to-ore strip ratio of 0.6:1. • Sign
Slide 6: Safety is our priority – essential for good business
For personal use only Frequency Rate (per 1,000,000 man hrs) 0 4 6 8 2 10 12 14 18 16 Jul-2021 Aug-2021 Sep-2021 Oct-2021 Nov-2021 Dec-2021 Jan-2022 Feb-2022 Mar-2022 Apr-2022 May-2022 Jun-2022 Jul-2022 Lost Time Injury Frequency Rate (LTIFR) Aug-2022 Sep-2022 Oct-2022 Nov-2022 Dec-2022 Jan-2023 Feb
Slide 7: Iron Ore Market
Iron Ore Market Iron Ore Price (US$/dmt CFR North China) Iron Ore Price (A$/dmt CFR North China) 300 400 For personal use only 250 300 200 150 US$114 200 A$176 100 US$100 A$155 100 50 0 0 65% 62% 58% 65% 62% 58% HG Premium / MG Discount Foreign Exchange Rate (A$:US$) (% per dmtu relative to 62% inde
Slide 8: The Pricing Impacts of Iron Ore Quality
The Pricing Impacts of Iron Ore Quality Blast Furnace Grade and Impurities Matter For personal use only The impurities content of iron ore (predominantly alumina & silica) determines Blast Furnace efficiency and productivity. High-impurity ores increase fluxing requirements leading to increased slag
Slide 9: Koolan Island - a high grade direct-shipping iron ore product
Koolan Island - a high grade direct-shipping iron ore product WA Direct Shipping Iron Ore Fines Products WA Direct Shipping Iron Ore Fines Products WA Direct Shipping Iron Ore Fines Products Fe % Comparative Iron & Phosphorus Fe % Comparative Iron & Alumina Fe % Comparative Iron & Silica For persona
Slide 10: September 2024 Quarter
September 2024 Quarter Mining Operations – Main Pit transition from west to east For personal use only • Ore mining of 0.5 Mwmt and sales of 0.6 Mwmt @ 63.7% Fe. • Average waste-to-ore strip ratio of 4.7:1 reflecting reconfiguration of the primary in-pit haul ramp and transition of activities to the
Slide 11: Koolan Island Main Pit
Koolan Island Main Pit For personal use only Eastern End • Main Pit length is 2km. • Mining in the western end completed in June 2024 at planned final depth ~170m below sea (mean tide) level. • Construction of the central switchback is Central now complete and mining has switchback transitioned to t
Slide 12: Koolan Island Main Pit - Footwall Rockfall Remediation
Koolan Island Main Pit For personal use only Central Footwall Rockfall Remediation Work now +60% complete 12
Slide 13: Koolan Island Main Pit
Koolan Island Main Pit Western End For personal use only Former eastern haul ramp Eastern End 13
Slide 14: Koolan Island Main Pit - Eastern haul ramp extraction
Koolan Island Main Pit For personal use only Extraction of former eastern haul ramp, Main Pit. 14
Slide 15: Koolan Island Main Pit - High grade eastern ore zone
Koolan Island Main Pit For personal use only High grade eastern ore zone, Main Pit. 15
Slide 16: Main Pit fly-through November 2024
For personal use only Koolan Island Main Pit fly-through November 2024 www.mtgibsoniron.com.au/investors-and-media/reports-and-presentations/koolan-island-main-pit-fly-through-november-2024/ 16
Slide 17: Koolan Island Processing and Shiploading Facilities
Koolan Island Processing and Shiploading Facilities For personal use only 17
Slide 18: Sustainability highlights FY24
Sustainability highlights FY24 For personal use only *per 100 tonnes of iron ore sold. 18
Slide 19: Balance Sheet Strength
Balance Sheet Strength Cash and Investment Holdings use only 600 60 Cash & Investment Reserves ($M - LHS) Total Cash & Investments Backing (Cents/Share - RHS) 500 50 462 Cash & Investments (AUD$m) 447 Net Cash & Investments (AUD cps) 434 400 40 377 ForNet personal 37 38 36 300 30 272 31 200 23 20 16
Slide 20: Business Strategy
Business Strategy Existing Operations For personal use only Maximise (safe) production and cashflow generation from the Koolan Island operation. Business Growth Build on the established capital base to re-set and expand the business via resources investments, including the opportunistic acquisition
Slide 21: An established and well capitalised producer of high-grade iron ore products
Mount Gibson Iron (ASX:MGX) An established and well capitalised producer of high-grade iron ore products For personal use only An established independent mid-tier iron ore producer offering investment exposure to high grade (65% Fe) iron ores and robust cashflow generation. Clear strategy to maximis
Slide 22: Mount Gibson Iron Limited
Mount Gibson Iron Limited (ASX: MGX) Presentation authorised by Peter Kerr, Chief Executive Officer For personal use only MGX Mount Gibson Iron Limited +61 (0)8 9426 7500 www.mtgibsoniron.com.au 22
Slide 23: Supplementary Information
Supplementary Information Competent Persons Statements Total Group Mineral Resources and Ore Reserves at 30 June 2024 For personal use only Exploration Results: The information in this report that relates to Exploration Results including sampling techniques and data management is based on informatio
Mount Gibson Iron — Shareholder Meeting (November 2024) on 6ix