Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Investor Presentation (April 2017)
12 slides from Mgx Resources's investor presentation, Apr 27, 2017
Slide 1: Restarting Koolan Island
Restarting Koolan Island For personal use only MGX A Premier High Grade Iron Ore Opportunity Investor Presentation 27 April 2017
Slide 2: Disclaimer
Disclaimer For personal use only This Document is Confidential and 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 Document is not a
Slide 3: Koolan Island Mine Restart: A premier high grade iron ore opportunity
Koolan Island Mine Restart A premier high grade iron ore opportunity For personal use only One of the world’s premier high grade hematite production opportunities Stage 1 Main Pit Ore Reserves of 12.8Mt @ 66.0% Fe* and initial mine life of 3.5 years Initial capex of $97m including $10m conting
Slide 4: Feasibility Study Overview
Koolan Island Mine Restart Feasibility Study Overview For personal use only Safe and viable Main Pit seawall design and construction method confirmed Initial Main Deposit Ore Reserves of 12.8 Million tonnes grading 66.0% Fe and initial mine life of 3.5 years Seawall construction and dewatering
Slide 5: An unrivalled high grade hematite deposit
Koolan Island Mine Restart An unrivalled high grade hematite deposit For personal use only Main Pit in 2014 showing consistency and width of high grade Main Deposit • High grade hematite (66% Fe) • Very low contaminants (P, Al) • Well understood orebody, consistent grade and width • Well understood
Slide 6: Seawall construction and dewatering capital costs
Koolan Island Mine Restart Seawall construction and dewatering capital costs For personal use only Item Cost ($M) Seawall rebuild cost 54.1 Island costs 2.8 Dewatering 6.8 Pit rehabilitation 11.7 Contingency 9.8 Seawall Capex Subtotal 85.2 Mining and ancillary equipment 6.5 Other, including insuranc
Slide 7: Robust financial metrics and low unit costs
Koolan Island Mine Restart Robust financial metrics and low unit costs For personal use only Koolan Island Stage One Pit Item Unit Unit Rate US$65/dmt & A$1.00/US$0.75 Wmt of 62%Fe Iron Ore Price & FX Assumption US$55/dmt & A$1.00/US$0.75 Mining $6.95 (Spot) TMM Pre-Tax NPV (8% real pre-tax)* $106 m
Slide 8: Seawall Design and Construction
Koolan Island Mine Restart Seawall Design and Construction For personal use only • Safe and viable seawall design and construction method confirmed and peer reviewed by independent engineering experts • Factor of Safety of 1.3 during operations • Seawall incorporates 467m cement bentonite seepage ba
Slide 9: Project Schedule
Koolan Island Mine Restart Project Schedule For personal use only • All necessary approvals in place to proceed • Embankment construction to commence June quarter 2017 • Dewatering targeted to commence in mid 2018 • Mining targeted to commence December quarter 2018 • 24 months from approval to produ
Slide 10: Summary
Koolan Island Mine Restart Summary For personal use only One of the world’s premier high grade hematite production opportunities Stage 1 Pit Ore Reserves of 12.8Mt @ 66.0% Fe* Initial production of 12.8Mt over 3.5 years Initial capex of $97m including $10m contingency Robust economics usin
Slide 11: Restarting Koolan Island
Restarting Koolan Island For personal use only MGX A Premier High Grade Iron Ore Opportunity Investor Presentation 27 April 2017
Slide 12: Supplementary Information
Supplementary Information For personal use only Competent Person Attributions Main Deposit Mineral Resources The information in this report relating to the Mineral Resources of Main Deposit at Koolan Island is based on information compiled by Elizabeth Haren, a Competent Person who is a member and C
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