Legacy Iron Ore Ltd · ASX:LCY
Legacy Iron Ore — Shareholder Meeting (November 2012)
34 slides from Legacy Iron Ore's shareholder meeting presentation, Nov 22, 2012
Slide 1: AGM 2012 Technical Presentation
For personal use only AGM 2012 TECHNICAL PRESENTATION November 2012
Slide 2: Executive Summary
Executive Summary Legacy is implementing a strategy of consolidation and rationalisation in order to become a dedicated supplier of steel feed materials. For personal use only Legacy’s Mt Bevan Project is a high quality cornerstone asset for the Company to build into a specialist steel feed materi
Slide 3: Investment Highlights
Investment Highlights For personal use only Quality Assets 1 World class iron ore project with quality manganese and gold exploration assets adjacent to operating mines. Recent entry into coal exploration in Queensland. NMDC – Strong Cornerstone Investor Financial leverage of NMDC, a cornerstone inv
Slide 4: Contents
Contents For personal use only 1 Company Overview 2 Projects Overview a Mt Bevan b Other Projects 4
Slide 5: Experienced Team Assembled
Experienced Team Assembled Legacy has assembled an experienced team with a strong track record in project development and commodities markets. For personal use only 15 years experience in JV negotiations, resource funding / capital raisings, international business Sharon Heng development and strat
Slide 6: National Mineral Development Corporation (NMDC)
National Mineral Development Corporation (NMDC) NMDC’s cornerstone investment in Legacy was a significant milestone for both companies, giving Legacy the financial backing to develop Mt Bevan and For personal use only pursue inorganic opportunities. Overview of NMDC 90% Indian state-owned enterpri
Slide 7: Contents
Contents For personal use only 1 Company Overview 2 Projects Overview a Mt Bevan b Other Projects 7
Slide 8: Legacy Iron Project Locations
Legacy Iron Project Locations For personal use only 8
Slide 9: Project Locations – W Australia
Project Locations – W Australia For personal use only Iron Ore Projects – Mt Bevan – Robertson Range – Hamersley Manganese – Robertson Range Gold – South Laverton – East Kimberley Other Commodities – East Kimberley Koongie Park (base metals/gold/uranium) Mt Bradley (REE, niobium) 9
Slide 10: Contents
Contents For personal use only 1 Company Overview 2 Projects Overview a Mt Bevan b Other Projects 10
Slide 11: Mt Bevan – Location and Infrastructure
Mt Bevan – Location and Infrastructure For personal use only Location 100km West of Leonora in the Central Yilgarn region of WA Close to existing road, rail and port facilities Esperance Port State Government committed to a significant upgrade of Esperance Port in January 2012 Upgrade of rai
Slide 12: Mt Bevan – Phase Drilling
Mt Bevan – Phase 2 Drilling – completed early 2012 For personal use only Aeromagnetic image of Mt Bevan Drilling of Western BIF completed Project – showing BIF horizons as highly magnetic features The northern part (Mt Alexander) and the 20km strike Eastern BIF not yet explored 12
Slide 13: Mt Bevan – Drilling
Mt Bevan – Drilling For personal use only 13 Western BIF unit extending 11km along strike in project ground. View to north 13
Slide 14: Mt Bevan – Drilling
Mt Bevan – Drilling For personal use only 14 • Leapfrog 3D image showing shallow dipping magnetite Aeromagnetic image of Mt Bevan Project – showing BIF unit – 10 km strike horizons as highly magnetic features 14
Slide 15: Mt Bevan – 2012 Drilling Programs and Results
Mt Bevan – 2012 Drilling Programs and Results For personal use only SRK Consulting calculates new MRE, triples existing resource: JORC Inferred Resource: 2.26Bt at 27.6% Fe (15% Fe cut-off) Resource taken down to only 300m depth - conservative Tonnes Fe SiO2 Al2O3 CaO P S LOI (Bt) (%) (%) (%) (%)
Slide 16: Competitive Advantage
Competitive Advantage In comparison with typical West Australian magnetite projects, Mt Bevan has qualities that can provide a higher production rate, lower grinding costs and a For personal use only premium quality product. Mt Bevan Typical WA Grind Size required 50µm→55µm 26µm→35µm Concentrate Gra
Slide 17: Mt Bevan – Drilling
Mt Bevan – Drilling For personal use only 17 Phase 2 Drilling on 1km x 160m spacing = Inferred Resource over a 10km strike length Phase 3 Drilling between Lines 3 and 5 on 250m x 160m spacing. Conversion of Inferred to Indicated Resource over 2km strike. 17
Slide 18: Mt Bevan – 2012 Drilling Programs and Results
Mt Bevan – 2012 Drilling Programs and Results For personal use only Phase 3 - 8,500m Drilling Program (Started April 2012) Aim is to convert 20% (300-400Mt) from Inferred to Indicated JORC status Diamond core for metallurgical test work Drilling completed Assays and DTR results received Me
Slide 19: Mt Bevan – A World Class Resource
Mt Bevan – A World Class Resource For personal use only 100m+ thick shallow dipping magnetite slab extending for entire 10km strike JORC Inferred Resource: 2.26Bt at 27.6% Fe (15% Fe cut-off) Exceptional continuity both along strike and down dip Drilling to conservative 300m depth – potentia
Slide 20: Direct Shipping Ore Potential
Direct Shipping Ore Potential A start-up DSO operation could provide early cash flows while Legacy develops the broader Mt Bevan project. For personal use only Plan to test higher grade southern hematite section of Mt Bevan which potentially hosts direct-shipping-ore (DSO) Mt Bevan southern boundary
Slide 21: Mt Bevan – 2013 Key Objectives
Mt Bevan – 2013 Key Objectives For personal use only Deliver Upgraded Resource Status Pursue exploration and definition of DSO hematite resources Commence Pre Feasibility Study Deliver Development Studies – Energy (gas supply)/Hydrology/Heritage/Native title/Flora/Fauna/EIS Rail and Port –
Slide 22: Mt Bevan - Timeline
Mt Bevan - Timeline Legacy is targeting production in 2016 from the magnetite project, with a potential DSO project prior to this. For personal use only Magnetite Project Timeline 2012 2013 2014 2015 2016 2017 2018 Mine & Plant Resource Drilling Feasibility Studies Environmental, Heritage, Water Des
Slide 23: Contents
Contents For personal use only 1 Company Overview 2 Projects Overview a Mt Bevan b Other Projects 23
Slide 24: Queensland Coal
Queensland Coal Legacy recently acquired highly prospective coking and thermal coal tenements in the Surat, Maryborough and Mulgildie basins in Queensland. For personal use only Projects Overview Projects Map Six tenements highly prospective for quality coking and thermal coal in the Surat, Marybo
Slide 25: Project Locations – W Australia
Project Locations – W Australia For personal use only 25
Slide 26: Other Assets – South Laverton Gold
Other Assets – South Laverton Gold For personal use only Mount Celia Along strike to south of world class Sunrise Dam and Wallaby gold mines (8 Moz gold each) Current JORC resource in 2 deposits of 76,000 oz gold * Numerous gold anomalies poorly explored previously Only shallow drilling * g/
Slide 27: Other Assets – Robertson Range Manganese
Other Assets – Robertson Range Manganese For personal use only Black Hill Prospect – assays to 33% manganese Recently commissioned Nicholson Downs IP Survey reveals major anomaly to be drill (Hancock Prospecting/Mineral Resources) tested manganese mine – 30 km to north along strike from Legacy t
Slide 28: Manganese - Robertson Range IP Survey
Manganese -Robertson Range IP Survey For personal use only 28 Black Hill IP Survey – Preliminary Results 28
Slide 29: E Kimberley - Koongie Park Base metals/gold
E Kimberley - Koongie Park Base metals/gold For personal use only AAR’s KP resource of 8Mt @3.3% zinc, 1.2% copper, 0.3 g/t gold and 23g/t silver VHMS style – as at DeGrussa (Sandfire) and Jaguar/Bentley (Independence Group) Same units under shallow alluvial cover VHMS deposits occur in clus
Slide 30: E Kimberley - Koongie Park Base metals/gold
E Kimberley - Koongie Park Base metals/gold For personal use only VHMS deposits occur in clusters in mining camp Average of 12 deposits per camp (Canada/Japan study) Largest not necessarily the first to be found! (Figures courtesy of Sandfire Resources) 30
Slide 31: E Kimberley - Koongie Park Base metals/gold
E Kimberley - Koongie Park Base metals/gold For personal use only Prospective volcanic-sedimentary stratigraphy under shallow alluvial cover Very minor prior exploration Jillaroo tourmalinite chert and gossan Legacy Iron discovery of tourmalinite cherts through alluvium, and gossan at Jillaroo
Slide 32: Key Takeaways
Key Takeaways For personal use only Developing 1 Focus on developing the Premier Magnetite Deposit, Mt Bevan - while also advancing the other iron, manganese and coal assets Funding 2 Security from global scale cornerstone investor, NMDC Assets 3 Expanding and diverse pipeline of projects Activity
Slide 33: Supporting Statement
Supporting Statement For personal use only Legacy Iron Ore Limited 2012 Legacy Iron Ore Limited does not make any representations or warranties of any kind, whether expressed or implied, regarding this presentation, including without limitation, any warranty regarding the accuracy, reliability and c
Slide 34: Thank You
For personal use only Thank You PRINCIPAL OFFICE: Level 5, Citibank House 37 St Georges Terrace Perth WA 6000 Tel: +61 8 9421 2005 Fax: +61 8 9421 2001 Email: info@legacyiron.com.au www.legacyiron.com.au Local Knowledge | International Network Local | Quality Knowledge Assets | International Network
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