Iron Road Ltd · ASX:IRD
Iron Road — Corporate Update (February 2012)
38 slides from Iron Road's corporate update, Feb 20, 2012
Slide 1: Central Eyre Iron Project - A Closer Look
For personal use only Central Eyre Iron Project A Closer Look Community update and discussion Lock, South Australia, 20 February 2012
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements For personal use only This presentation contains forward looking statements concerning the projects owned by Iron Road Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates
Slide 3: A Closer Look – Lock Agenda
A Closer Look – Lock Agenda For personal use only Registration and refreshments 1. Welcome and introductions 2. Introduction to Central Eyre Iron Project Questions and answers 3. Community engagement Questions and answers 4. Where to from here? 5. Feedback Stations i. Benefits ii. Challenges iii. Wh
Slide 4: Welcome
Welcome For personal use only Welcome to a Closer Look at the Central Eyre Iron Project The purpose of this community meeting is to: • Update you with the current status of our work • Hear your views on topics that are of interest to you, and • Learn more about your expectations and how we might man
Slide 5: Central Eyre Iron Project
Central Eyre Iron Project • Centrally located on Eyre Peninsula, SA For personal use only • Large, scalable, low grade, iron ore (magnetite) project, with low variability • Largest iron ore resource in South Australia and growing • Mineral resource – 2.1 billion tonnes1 • Large potential – 2.8-5.8 b
Slide 6: How We Work
How We Work For personal use only Strong quality, innovation and environmental ethic • Low grade deposit requires innovative approach • Hyper-saline ground water is contained • Cereal cropping and irregular rainfall requires sensitive work methods • Ground work and procedures subject to external aud
Slide 7: How We Work
How We Work For personal use only Drill sites are prepared after careful planning Soil is stockpiled accordingly 7
Slide 8: How We Work
How We Work For personal use only Sumps are currently lined Investigating water and slimes tanks to further reduce impact 8
Slide 9: How We Work
How We Work For personal use only Drilling water is currently reticulated to reduce water truck movement, ground compaction, dust and disturbance to residents 9
Slide 10: How We Work
How We Work For personal use only Vehicular traffic confined to demarcated zones to minimise crop disturbance 10
Slide 11: How We Work
How We Work For personal use only Rehabilitation occurs in consultation with local contractors and land owners 11
Slide 12: Prefeasibility Summary
Prefeasibility Summary For personal use only • Prefeasibility study is an intermediary study examining the project’s viability • Detailed study conducted over 15 months using strong and reputable consultants • Open pit mining and concentration operations described • 12.4Mtpa of iron concentrates pro
Slide 13: Simple Processing
Simple Processing 67.6Mtpa For personal use only MURPHY SOUTH DEPOSIT ROM Ore P80~ 30 mm Mass 100% Crushing Fe: 16.8% SiO2: 53.0% Wet low-intensity magnetic separation HPGR Tails Mass 43% DRY WET Rougher W-LIMS P80~106 m P80~8 mm 61% Fe: 24% Concentrate Large, though simple plant SiO2: 47 % 12.4Mtp
Slide 14: Export Solution
Export Solution For personal use only Base case PFS includes slurry pipeline to port Other options being considered with encouraging results Rail to port has been considered at scoping level, more detailed rail review underway PFS includes costs and charges to use a third-party port Project scale su
Slide 15: A Credible, Long Life Project
A Credible, Long Life Project For personal use only Prefeasibility Study Key Findings • Life of Operation – On PFS mineral resource 14 years – On exploration target +30 years • Direct Employment – Construction mine +1000 port if selected 250 rail if selected 350 – Permanent 480 • Numerous indirect e
Slide 16: A Credible, Long Life Project
A Credible, Long Life Project For personal use only • Infrastructure – Power 275kV line upgrade – Water Desalination plant – Potential port +200,000t vessel capable – Potential rail Standard gauge heavy haul alternative to pipeline • DFS Definitive Feasibility Study has commenced. Staff recruitment
Slide 17: Becoming Part of the Eyre Peninsula Community
For personal use only Becoming Part of the Eyre Peninsula Community Iron Road sponsored the 2009 freestyle MX championships 17
Slide 18: Becoming Part of the Eyre Peninsula Community
For personal use only Becoming Part of the Eyre Peninsula Community 2010 shearing competition 18
Slide 19: Becoming Part of the Eyre Peninsula Community
For personal use only Becoming Part of the Eyre Peninsula Community Adherence to strong procedures is important to the project team Major sponsor of the 2011 and 2012 Lock Cup 19
Slide 20: Becoming Part of the Eyre Peninsula Community
For personal use only Becoming Part of the Eyre Peninsula Community The Wudinna District Council attended an investor visit to site where EP produce was highlighted 20
Slide 21: Where to now – Definitive Feasibility Study
Where to now – Definitive Feasibility Study For personal use only • A Definitive Feasibility Study (DFS) is also known as a Bankable Feasibility Study • A DFS comprises a variety of individual studies that provide a comprehensive forward analysis of a project’s viability • May be used by financial i
Slide 22: Where to now - Continuing support of local events
Where to now For personal use only Continuing support of local events • Lock Cup 2012 • Wudinna Area School ‘Pedal Prix’ • Warramboo Breast Cancer Awareness event • Wudinna Hospital Fundraising Cabaret • Eyre Peninsula versus Port Adelaide 20/20 Cricket • Wudinna & Districts SuperSkinz Bowls Tournam
Slide 23: Increasing Community and Government Consultation
Where to now For personal use only Increasing Community and Government Consultation Iron Road values its relationships with the communities within which we work • Routinely meeting with local farmers and council • Following PFS release, immediately met with impacted farmers, local council, EP radio
Slide 24: Increasing Community and Government Consultation
Where to now For personal use only Increasing Community and Government Consultation Moving ahead with • Stakeholder, government and community engagement supported by user friendly communications • Closer Look meetings held in Warramboo and Wudinna during September 2011 • Establishment of the CEIP Fo
Slide 25: Becoming Part of the South Australian Community
Where to now For personal use only Becoming Part of the South Australian Community Long life mining operation A South Australian based team • 14 years on PFS mineral resource • Currie Street, Adelaide +30 years on exploration target • Study team recruitment almost complete • Reviewing potential appr
Slide 26: Community Engagement – Now and in the Future
For personal use only Community Engagement – Now and in the Future Central Eyre Iron Project
Slide 27: What is community engagement?
What is community engagement? For personal use only Connecting with communities • Sharing information • Consultation • Participation • Community Involvement
Slide 28: Iron Road’s Commitment
Iron Road’s Commitment For personal use only We will: • engage with and respond to communities • involve communities in shaping a mutually beneficial future • seek out the views and needs of a diverse range of community interests • provide information - timely, accurate, relevant and accessible • us
Slide 29: Why?
Why? For personal use only • Pool diverse perspectives, knowledge and experience • Build a positive future - collaboratively • Address the challenges - collaboratively • Improve decision- making
Slide 30: Objectives
Objectives For personal use only • Develop trust - build relationships • Gain an understanding of the community’s perceptions of the project’s benefits and concerns • Identify how the community wants to be engaged • Identify local stakeholders • Increase understanding of the Central Eyre Iron Projec
Slide 31: Future Engagement
Future Engagement For personal use only • One of our community relations team members lives here – is part of your community – is always accessible – office at Wudinna Telecentre – providing informal coffee-n-chat opportunities at the Town Hall each month • Form focus groups/community consultative c
Slide 32: Contact us
Contact us For personal use only • Chat with Vesna face-to-face • Email us on community@ironroadlimited.com.au • Visit our website at www.ironroadlimited.com.au • Register a comment on line through our website’s Contact Us menu • Call our toll free Information Line on 1800 176 008 • Post us your wri
Slide 33: Where to now
Where to now For personal use only Set to become South Australia's premier iron ore mine Focused on Central Eyre Iron Project (CEIP) • Strong potential for long life project • Favourable infrastructure options • CEIP expected to underwrite many other infrastructure projects and upgrades Now moving a
Slide 34: Thank you for your participation
For personal use only Thank you for your participation in a Closer Look at the CEIP www.ironroadlimited.com.au GPO Box 1164 admin@ironroadlimited.com.au 1800 176 008 Adelaide SA 5001
Slide 35: Appendices
For personal use only Appendices
Slide 36: Appendix 1a – CEIP Resource Statement
Appendix 1a – CEIP Resource Statement For personal use only Central Eyre Iron Project Global Mineral Resource Estimate Tonnes Fe SiO2 Al2O3 P LOI Location Classification (Mt) (%) (%) (%) (%) (%) Murphy South Indicated 585 16.7 52.9 12.6 0.09 0.3 Inferred 421 16.6 52.6 12.7 0.08 1.2 Boo-Loo Inferred
Slide 37: Appendix 1b – CEIP Resource Statement
Appendix 1b – CEIP Resource Statement For personal use only Murphy South Mineral Resource Estimate Tonnes Fe SiO2 Al2O3 P LOI Resource Classification Oxidation Material Type (Mt) (%) (%) (%) (%) (%) Disseminated 272 17.7 52.5 12.0 0.09 0.3 Fresh Banded 79 13.3 54.7 14.1 0.07 0.5 Inferred Transitiona
Slide 38: Appendix 1c – CEIP Resource Statement
Appendix 1c – CEIP Resource Statement For personal use only Boo-Loo Mineral Resource Estimate Tonnes Fe SiO2 Al2O3 P LOI Resource Classification Oxidation (Mt) (%) (%) (%) (%) (%) Fresh 277 17.3 52.5 11.5 0.095 0.5 Inferred Transitional 13 17.0 52.4 11.6 0.094 10.7 Oxide 38 17.2 52.1 11.6 0.094 10.8