Iluka Resources Limited · ASX:ILU
Iluka Resources — Corporate Update (May 2014)
23 slides from Iluka Resources's corporate update, May 2014
Slide 1: US Operations Overview
US Operations Overview Shane Tilka General Manager US Operations May 2014
Slide 2: Structure
Structure 1. US Operations Overview 2. Current Operations and Assets 3. Hickory & Aurelian Springs Project Update 4. US Exploration 2
Slide 3: US Current Operational Overview
US Current Operational Overview Concord Mine Site (Sussex and Dinwiddie Counties) • Commissioned in 1997 • Current ore reserves 1.3Mt @4.6%HM • 3.3mt of ore mined per annum • Idled in April 2014, with ore remaining to be mined Brink Operations (Greensville County) • Commissioned in 2009 • Current or
Slide 4: Human Resources
Human Resources Human Resources • 158 US employees in total (including marketing and exploration) • 142 US employees directly associated with US Operations • 51% of employees are from within local counties (Sussex, Greensville, Dinwiddie) • 11% female diversity • Operational and technical competency
Slide 5: Safety Performance (USA)
Safety Performance (USA) • LTIFR is 0 • TRIFR reduction of 62% since March 2013 • SPL roll out planned for 2014 to improve safety culture & competency 5
Slide 6: US Geological Overview
US Geological Overview Geological formation & history: N • All deposits located within the “Fall Zone” from central Virginia to North Carolina • C.R Berquist Jr, of Virginia Division of Mineral Resources published discovery of HM concentrations in the area in 1987 • Report is credited with attractin
Slide 7: US Operations Overview
US Operations Overview Distance from Stony Creek: • Richmond ~50 miles • Concord Mine ~14 miles • Brink Mine ~31 miles Hickory • Hickory Mine ~12 miles Stony Creek • Aurelian Springs Mine ~55 miles Concord Brink Aurelian Springs N Key Active Mine Site Mineral Processing Plant Reclamation Site Propos
Slide 8: US Operations Sales & Production History
US Operations Sales & Production History 8
Slide 9: Mining Process
Mining Process Mining Summary • Mining Unit (MU) capacity of ~ 500tph • Unit designed around ease of mobility • Innovative shredder concept utilized • Low cost mining method • Minimal overburden removal Concentrating Summary • Concentrator capacity of ~260tph RHF • 4 stage spiral separation circuit
Slide 10: Brink Mine Plan Overview
Brink Mine Plan Overview 2014 key attributes: • Currently mining Plum Creek mining field • Kline property move • Independence Church Road 10
Slide 11: Concord Mine Plan Overview
Concord Mine Plan Overview 2014 key attributes: • Operation was idled on the 11th April • Key personnel retained for re-start • Remaining 8 months of ore to be rescheduled • Minor capex to access remaining ore • 12 week restart timeframe if required 11
Slide 12: MSP
MSP MSP Summary • Feed rate of ~55tph • Feed capacity ~450kt HMC pa • Ilmenite production ~300kt pa • Zircon Production ~45kt pa Current focus areas • Recovery improvement program – targeting zircon wet circuit and hydrosizers 12
Slide 13: Virginia Rehabilitation
Virginia Rehabilitation • ~1,600 acres of reclamation completed over the life of Virginia Operations • ~2,000 acres of disturbed open area requiring rehabilitation • Long term partnership with Virginia Tech, with annual funding provided – focus on improving rehabilitation methods to improve cropping
Slide 14: Mineral Sands Operational Overview
Mineral Sands Operational Overview • Market and operational flexibility created through integration across regions • Successful trials of VA ilmenite in both Mid West and South West WA kilns in 2013 produced commercial quantities of high quality SR (TiO2 > 94%, U+Th < 45ppm) 14
Slide 15: Hickory - Project Overview
Hickory - Project Overview • Known deposit - mined since 1997 • Mined until 2009 • Securing of leases - mostly farmland • Construction of new concentrator and mine infrastructure • 60% capacity increase on current assets • 6-10 year mine life Hickory Concentrator Site 15
Slide 16: Hickory – Engineering Progress
Hickory – Engineering Progress • Conditional Use Permit approved • County Site Plan approval due 30 May • State Mining Permit amendment due 30 June • Process optimized with Iluka MTF Team • Design complete: - P&IDs - general arrangement drawings - detailed engineering drawings - equipment lists - ci
Slide 17: Hickory – Looking Forward
Hickory – Looking Forward • Secure appropriate commercial arrangements • Construction timeframe – 15 months 17
Slide 18: Aurelian Springs Deposit
Aurelian Springs Deposit • Deposit is southwest of Roanoke Rapids • 55 miles south of the MSP in Stony Creek • Halifax County, North Carolina in the area of Aurelian Springs • Phase I – Relocation of Concord to Aurelian Springs North – PFS concluded in 2013 – DFS scheduled completion 2014 – relocati
Slide 19: Aurelian Springs North DFS
Aurelian Springs North DFS • Components of the DFS scope: – Metallurgical testing – MSP upgrade engineering – Permitting – Exploration – Community relations – Securing mineral and access leases for Auerilian Springs North and South – Developing a process water supply – Relocation engineering and min
Slide 20: Aurelian Springs - Status Update
Aurelian Springs - Status Update • Securing mineral and access leases for AS North and South – 85% of HM secured by mining leases for AS North – concentrator site and connectivity secured for AS North • Permitting – county permit secured – finalizing permit packages for mining, and water quality per
Slide 21: US Exploration Update
US Exploration Update US Exploration Office – Nashville Pipeline of good quality exploration targets ranging from: early stage generative activities working with the Project Generation team in Perth to more advance stage activities involving land agreements and drilling Exploration drilling in t
Slide 22: Community Relations
Community Relations Sussex, Dinwiddie and Greensville Counties • ~60,000 residents • ~60% African American • Median household income $32,000 • 12% of families living below the poverty line • Out of 132 localities ranked in bottom 4 in health outcomes Iluka’s community presence • Partnership establis
Slide 23: Iluka Resources Limited
Iluka Resources Limited www.iluka.com For more information, contact: Robert Porter, General Manager Investor Relations robert.porter@iluka.com +61 3 9225 5008 / +61 (0) 407 391 829 23