Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Global Iron Ore & Steel Forecast Conference 2024
21 slides from Mgx Resources's conference presentation, Mar 20, 2024
Slide 1: Global Iron Ore & Steel Forecast Conference
Mount Gibson Iron Limited MGX For personal use only Courage Global Iron Ore & Steel Integrity Forecast Conference Safety Agility 20 March 2024 Respect
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements For personal use only This Document 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 Documen
Slide 3: Business Overview – Niche High Grade Iron Ore Producer
Mount Gibson Iron Business Overview – Niche High Grade Iron Ore Producer Kimberley Region For personal use only Koolan Island • Australia’s highest grade hematite Direct Shipping Ore (DSO) with direct port access to market (1HFY24 sales of 2.5 Mwmt @ 65.4% Fe). • High grade & low impurity 65% Fe iro
Slide 4: Corporate Overview
Mount Gibson Iron Corporate Overview MGX Share Price (last 12 months) 0.7 For personal use only Share Price (A$/share) Issued shares 1,215 million shares 0.6 Market capitalisation A$545 million (A$0.45/share) 0.5 0.4 Cash/investments A$358 million (31 December 2023) 0.3 Bank Borrowings Nil 0.2 0.1 D
Slide 5: Strong fundamentals for remaining three-year life of Koolan Island
Mount Gibson Iron Strong fundamentals for remaining three-year life of Koolan Island Long-established mid-tier iron ore miner and one of the highest grade and lowest For personal use only impurity DSO producers globally: 65.4% Fe average grade in 1HFY24. High-grade iron ore prices remain robust and
Slide 6: Market Conditions – Iron Ore Pricing US$
Market Conditions Iron Ore Pricing – US$ Iron Ore Price (US$/dmt CFR North China) For personal use only 300 65% Fe 6% 62% Fe 250 (6%) 58% Fe 200 150 US$117 100 US$105 US$93 50 0 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Source: Platts Note: dmt = dry
Slide 7: Market Conditions – Iron ore pricing A$
Market Conditions Iron ore pricing – A$ Iron Ore Price (A$/dmt CFR North China) For personal use only 400 65% Fe 350 62% Fe 58% Fe 300 250 200 A$179 150 A$160 A$141 100 50 0 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Source: Platts 7
Slide 8: Iron Ore Quality in Steel Production
Iron Ore Quality in Steel Production Ore quality has a significant impact on steel making unit costs and emissions intensity Blast Furnace The impurities content (predominantly alumina & For personal use only silica) of iron ore determines Blast Furnace efficiency and productivity. High-impurity ore
Slide 9: A high grade and low impurity direct-shipping iron ore product
Koolan Island A high grade and low impurity 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 Comparative Iron & Phosphorus Comparative Iron & Alumina Comparative Iron & Silica Fe % Fe % F
Slide 10: Fully equipped stand-alone mining, processing and shiploading infrastructure
Koolan Island Fully equipped stand-alone mining, processing and shiploading infrastructure 1km For personal use only N Acacia East deposit Original Airstrip Koolan Island is located in Seawall Yampi Sound in the Mangrove Buccaneer Archipelago off deposit the northern Kimberley coast of Western Austr
Slide 11: The birthplace of Western Australia's iron ore industry
Koolan Island The birthplace of Western Australia’s iron ore industry Late 1800’s – the “Iron Islands” of Yampi Sound were a known source of ships’ ballast materials. For personal use only 1907 - first Koolan Island mining lease issued. 1938 – mine development suspended by Commonwealth embargo on ir
Slide 12: Main Pit Operations
Koolan Island Main Pit Operations For personal use only Eastern End Seawall ~2km Ore Zone Footwall Hanging wall Western Main Pit, looking east, End February 2024. 12
Slide 13: Main Pit Operations – Lower Central & Western End
Koolan Island Main Pit Operations – Lower Central & Western End For personal use only Mining in Main Pit central western area January 2024 13
Slide 14: Substantial operating progress over the last year
Koolan Island Substantial operating progress over the last year 500th MGX Koolan Island shipment departing, January 2024. Ore production increased following completion of the overburden For personal use only stripping and footwall ground support programs. Mined and shipped grades continue at +65% Fe
Slide 15: Main Pit Operations
Koolan Island Main Pit Operations For personal use only Main Pit, looking west, March 2024. 15
Slide 16: Processing and Shiploading
Koolan Island Processing and Shiploading For personal use only Shiploading operations, processing facilities and high-grade ore stocks, February 2024. 16
Slide 17: Mid-West Business
Mid-West Business Fenix Transaction, Regional Exploration For personal use only MGX divested its Mid-West mining and infrastructure assets to Fenix in July 2023: Geraldton port sheds, rail sidings, mining rights at Shine and Extension Hill, along with the remaining rehabilitation obligations. MGX re
Slide 18: Sustainability Highlights for FY23
Sustainability Highlights for FY23 For personal use only 18
Slide 19: An established producer of high-grade iron ore products
Mount Gibson Iron An established producer of high-grade iron ore products For personal use only An established independent mid-tier iron ore producer offering meaningful exposure to high grade (65% Fe) iron ores and robust cashflow generation. Cashflow generation from Koolan Island’s high grade sale
Slide 20: Mount Gibson Iron Limited
Mount Gibson Iron Limited (ASX: MGX) Presentation authorised by Peter Kerr, Chief Executive Officer MGX For personal use only Mount Gibson Iron Limited +61 (0)8 9426 7500 www.mtgibsoniron.com.au 20
Slide 21: Supplementary Information
Supplementary Information Mineral Resources and Ore Reserves Information as at 30 June 2023 Total Group Mineral Resources and Ore Reserves at 30 June 2023 (above 50% Fe) Competent Persons Statements Tonnes Fe SiO2 Al2O3 P Exploration Results: millions % % % % The information in this report that rela
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