Macarthur Minerals Limited · ASX:MIO
Macarthur Minerals — Investor Presentation (April 2022)
36 slides from Macarthur Minerals's investor presentation, Apr 7, 2022
Slide 1: Macarthur Minerals Limited
Macarthur Minerals Limited March 2022 Advanced Project | Premium Product | Tier 1 Investment Jurisdiction | Sustainability Focus | Established Export Infrastructure
Slide 2: Disclaimer
Macarthur Minerals Limited Disclaimer TSXV : MMS | ASX : MIO | OTCQB : MMSDF • This presentation (in this projected form in hard copy and as verbally presented) (collectively “Presentation”) is • Macarthur’s Western Australian interests consist of separate projects. Each project is distinct and will
Slide 3: Competent / Qualified Person Statement
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Competent / Qualified Person Statement Mineral Resources: • The information in this presentation that relates to Mineral Resources is based on, and fairly reflects, information compiled by Mr. David Williams, a Competent Person, who i
Slide 4: Focused on the development of The Lake Giles Magnetite Project
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Focused on the development of The Lake Giles Magnetite Project Commercial-in-Confidence 4
Slide 5: Corporate Overview
Macarthur Minerals Limited Corporate Overview TSXV : MMS | ASX : MIO | OTCQB : MMSDF Tier 1 Mining High Quality Assets Global Feasibility Study Jurisdiction de-carbonisation Completed targets Manageable project Multi-generational Life of mine product Strategic Location - start up strategy resource p
Slide 6: Corporate Overview: Capital Structure
Macarthur Minerals Limited Corporate Overview TSXV : MMS | ASX : MIO | OTCQB : MMSDF Capital Structure Macarthur is dual listed on ASX and on TSXV Share Price (Australia) Share Price (Canada) $A0.54 $C0.47 (28 March 2021 close) (28 March 2022 close) 52 week range: $A0.31 - $A0.62 52 week range: $C0.
Slide 7: Corporate Overview: Share Price and Market Statistics
Corporate Overview Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Historical 12 month share price Market Statistics ASX Share Price $0.54^ Shares on Issue 145.75m Market Capitalisation $80m^^ Top 10 Shareholders^^^ Canadian Reegister Control\C 50.45% Alemar Developments Pty Ltd 3.
Slide 8: Investment Highlights
Investment Highlights Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Growing demand for high grade Magnetite • Global steel mills are seeking high quality +65% iron ore product. Strong offtake partner • Macarthur has a 10 year offtake agreement with Glencore who are seeking the hi
Slide 9: Macarthur Minerals Limited
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF • Long Life Asset in Tier 1 Jurisdiction: Politically stable, mining • Long Life Asset in Tier 1 Jurisdiction: Politically stable, mining friendly location in Canada at Bloom Lake. Access to skilled friendly location in Western Austra
Slide 10: Champion Iron
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Champion Iron Potential for market value re-rating as the Lake Giles Iron Project transitions from exploration to production* *Note: This chart does not suggest a direction comparison can be made between MIO and CIA share price paths,
Slide 11: The Lake Giles Iron Project
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF The Lake Giles Iron Project Overview Commercial-in-Confidence 11
Slide 12: Lake Giles Iron Project: An Advanced, World Class Asset
Macarthur Minerals Limited Lake Giles Iron Project TSXV : MMS | ASX : MIO | OTCQB : MMSDF An Advanced, World Class Asset • Established Iron Ore Region: The Lake Giles Iron Project is a high grade magnetite project that is well positioned among established regional iron ore projects. • JORC Resource:
Slide 13: Lake Giles Iron Project: An Advanced, World Class Asset
Lake Giles Iron Project Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF An Advanced, World Class Asset • Close to Regional Infrastructure: • Close to established rail network. • Proximate to established deep water Port. • Skilled Workforce: Access to skilled labour force based in K
Slide 14: Lake Giles Iron Project Site Layout
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Lake Giles Iron Project Site Layout • Primary feed will be hauled to the ROM pad and direct tipped into one of 2 crusher pockets or placed in temporary finger stockpiles for later rehandling using a front- end loader. • A central road
Slide 15: One of the World's Largest Undeveloped Magnetite Projects
Lake Giles Iron Project Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF One of the World’s Largest Undeveloped Magnetite Projects Mineral Resource – All Deposits Measured Mineral Resource^ Indicated Mineral Resource^ (Moonshine#) (Moonshine#) 53.9 Mt 218.7 Mt 30.8% Fe head grade 27
Slide 16: Mineral Resource
LakeGiles Iron Project Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Mineral Resource Mineral Resource estimate – Moonshine and Moonshine North, where DTR >15%^ Category Tonnes Head Grade (%) Concentrate Grade (%) (Mt) Fe P SiO2 AI2O3 LOI DTR Fe P SiO2 AI2O3 LOI Measured 53.9 30.
Slide 17: Maiden Ore Reserve
LakeGiles Iron Project Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Maiden Ore Reserve The Company announced its Maiden Ore Reserve to the market on 21 March 2022. The Ore Reserve estimate was prepared by Orelogy Consulting Pty Ltd based on a diluted resource block model. The Or
Slide 18: Mining
Lake Giles Iron Project Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Mining • The mining scenario is expected to involve a staged sequence of pit mining across multiple target pit shells commencing at the Moonshine North deposit and moving to the Moonshine deposit (to the south)
Slide 19: Route to Market
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Route to Market Existing Regional Rail and Port Infrastructure • Macarthur’s Lake Giles Iron Project is within reach of exiting rail and port assets, which means that its project costs do not need to include capital for the constructi
Slide 20: Route to Market: Above Rail Access
Macarthur Minerals Limited Route to Market TSXV : MMS | ASX : MIO | OTCQB : MMSDF Above Rail Access • Rail Haulage Services: RFP’s have been issued to above rail providers for pricing of rail haulage services from the rail loop to Esperance Port, with firm pricing under a Rail Haulage Contract expec
Slide 21: Route to Market: Port of Esperance
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Route to Market Port of Esperance: • Esperance Port is currently the deepest port in southern Australia, and is capable of handling Cape Class vessels up to 200,000 dead weight tonnes (DWT), plus fully loaded Panamax Class vessels up
Slide 22: Energy: Net Zero Emissions Pathway for Lake Giles
Macarthur Minerals Limited Energy TSXV : MMS | ASX : MIO | OTCQB : MMSDF Net Zero Emissions Pathway for Lake Giles • Macarthur’s anticipated load requirements for the Lake Giles Iron Project will be up to 38MW (inclusive of the magnetite process plant and ancillary mine infrastructure requirements).
Slide 23: Water
Macarthur Minerals Limited Water TSXV : MMS | ASX : MIO | OTCQB : MMSDF Water requirements for Lake Giles Iron Project • The magnetite processing operations at Lake Giles will require process water to produce a magnetite concentrate product. • Macarthur has made tenure applications for Miscellaneous
Slide 24: Feasibility Study
Macarthur Minerals Limited Feasibility Study TSXV : MMS | ASX : MIO | OTCQB : MMSDF Lake Giles Iron Project Feasibility Study • Feasibility Study has been completed. • Leading consultants appointed to deliver key study outputs: Study Study Work Package Consultant Optimize Group Study Manager Stantec
Slide 25: Feasibility Study Complete
Lake Giles Iron Project Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Feasibility Study Complete • Highlights: • Feasibility Study: completed for 3 Mtpa magnetite mining and processing operation. Announced to market on 21 March 2022. • Mineral Reserve: 237 Mt for a 25 year mine l
Slide 26: Why Magnetite products are a secure long-term bet
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Why Magnetite products are a secure long-term bet Commercial-in-Confidence 26
Slide 27: Why Magnetite Has The Potential To Deliver Sustainable, Long-term Returns
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Why Magnetite Has The Potential To Deliver Sustainable, Long-term Returns The Impact of Global De-carbonisation Strong steel margins are driving a Policy Shifts on Demand for Magnetite price divergence between different • The Chinese
Slide 28: Three Reasons for a Growing Premium Gap for Magnetite
Macarthur Minerals Limited Three Reasons for a Growing TSXV : MMS | ASX : MIO | OTCQB : MMSDF Premium Gap for Magnetite 1. Magnetite’s Major Role in Helping to Reduce ‘Scope 3’ Emissions • ‘Scope 3’ emissions occur outside of direct mining operations at the end of the steel production chain. Curbing
Slide 29: Three Reasons for a Growing Premium Gap for Magnetite (cont.)
Macarthur Minerals Limited Three Reasons for a Growing TSXV : MMS | ASX : MIO | OTCQB : MMSDF Premium Gap for Magnetite(cont.) 2. Higher coking coal prices could drive future Premium Hard Coking Coal Indices FOB Australia and demand for high grade iron ore even higher CFR China • A significant tailw
Slide 30: Three Reasons for a Growing Premium Gap for Magnetite (cont.)
Macarthur Minerals Limited Three Reasons for a Growing TSXV : MMS | ASX : MIO | OTCQB : MMSDF Premium Gap for Magnetite (cont.) 3. The Convergence of Global ‘Policy Shifts’ and ‘Procurement Strategy’ will Change Buying Preferences • The world is at the beginning of a convergence which is being pushe
Slide 31: 'Green Steel' Has Arrived
Macarthur Minerals Limited ‘Green Steel’ Has Arrived TSXV : MMS | ASX : MIO | OTCQB : MMSDF Major Car Manufacturers Are Already Moving Mercedes-Benz AG is the first car manufacturer to take an equity stake in Swedish start-up H2 Green Steel (H2GS) as a way to introduce CO₂ free steel into series Fig
Slide 32: The Value of High Grade Magnetite to Iron Ore Portfolios
Macarthur Minerals Limited The Value of High Grade TSXV : MMS | ASX : MIO | OTCQB : MMSDF Magnetite to Iron Ore Portfolios • Average Product grades are in decline: The average grades of iron ore being produced by the major iron ore producers has been slipping in recent years. • High grade is key to
Slide 33: Corporate Governance, Strategy and Philosophy
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Corporate Governance, Strategy and Philosophy Corporate Governance Ownership Relationships • Develop mutually beneficial partnerships and • Macarthur Minerals is committed to following the corporate governance guidelines and • Behave
Slide 34: Leadership and Technical Team
Macarthur Minerals Limited Leadership and Technical Team TSXV : MMS | ASX : MIO | OTCQB : MMSDF Joe Phillips, Managing Director – Mr Phillips was previously the Company’s CEO in 2015 and was responsible for the original funding and development of the Company’s significant iron ore assets, having com
Slide 35: purpose. is. everything.
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF We’re not just another mining company. We exist to produce high quality, low impurity iron ore products that will help Our value isn’t just in the inspire and accelerate our planet’s transition towards more sustainable ground. It’s in
Slide 36: Macarthur Minerals Limited
Macarthur Minerals Limited TSXV : MMS | ASX : MIO | OTCQB : MMSDF Macarthur Minerals Limited Walk with us and discover something big Commercial-in-Confidence 36
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