Iron Road Ltd · ASX:IRD
Iron Road — RIU Sydney Resources Roundup 2012
19 slides from Iron Road's conference presentation, May 10, 2012
Slide 1: RIU Sydney Resources Roundup
RIU Sydney Resources Roundup 8-10 May 2012
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements 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 based on specific ass
Slide 3: On the Road to Production
On the Road to Production Focused on Central Eyre Iron Project (CEIP) • PFS indicates robust project economics • Sinter product – expect a premium of up to 30% over Pilbara fines benchmark Moving ahead • DFS to assess production scenarios +20 million tpa • Includes assessment of independent port and
Slide 4: Corporate Overview
Corporate Overview Major Shareholders Board Management The Sentient Group 30.7% Julian Gosse Non-exec Chair Larry Ingle General Manager Management 10.4% Ian Hume Non-exec Alan Millet Infrastructure Manager Columbia University 6.6% Jerry Ellis Non-exec Jeff Reilly Marketing Manager Duke University 6.
Slide 5: Central Eyre Iron Project
Central Eyre Iron Project • Centrally located on Eyre Peninsula, SA • Favourable geographic, climatic location • Supportive state and local governments • Large scalable magnetite project, with low product variability • Growing resource – currently 2.1 billion tonnes at 16.2% iron 1 • Large potential
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Slide 7: DFS Scenarios to Reflect Resource Potential
DFS Scenarios to Reflect Resource Potential PFS ‘base case’ of 12.4 million tpa, based on the 1.2 billion tonne Mineral Resource announced in February 2011 • Mineral Resources at CEIP currently stand at 2.1 billion tonnes, of which 1.11 billion tonnes is in the Indicated category 1 • CEIP exploratio
Slide 8: Benchmarking Concentrate Grade
Benchmarking Concentrate Grade 72 GIR-Yerecoin EMG-Beyondie VMC-Yalgoo Concentrate Grade - % iron 70 ARH-Balmoral IRD-CEIP (40 micron) AGO-Ridley IRD-CEIP (53 micron) IRD-CEIP (75 micron) GRR-Southdown 68 GBG-Karara CXM-Bungalow CXM-Fusion IRD-CEIP (106 micron) ACS-Magnetite Range CXM-Carrow 66 CFE-
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Slide 10: Low Strip Ratio
Low Strip Ratio • Large scale conventional mining • Mine design and scheduling by Coffey Mining • PFS “base case” open cut operation, with low strip ratio of 0.8 to 1 • Excellent geotech properties – (15m benches, 70º batters) • Operating cash flow versus pit shell size curve is very flat – the pit
Slide 11: Export Solution
Export Solution • PFS ‘base case’ assumed slurry pipeline to port • PFS ‘base case’ includes costs and charges to use a third-party port • Independent rail and port options have been considered at scoping level and are being assessed in the DFS 11
Slide 12: Community Engagement
Community Engagement • We believe that being part of a community is an important part of business • Major Sponsor and supporter of local community events since 2009 • Toll free contact number and extensive community programme in place • Development will bring many opportunities to the region • Commu
Slide 13: Future Growth and Development Pathway
Future Growth and Development Pathway Additional Resource definition, with Stage VII drilling underway. Offtake and finance partnership discussions commenced. Definitive Feasibility Study (DFS) Central Eyre Iron Project underway. 13
Slide 14: On the Road to Production
On the Road to Production Subscribe to alerts online www.ironroadlimited.com.au
Slide 15: Appendices
irony J Oa ee Appendices
Slide 16: Appendix – CEIP Resource Statement
Appendix 1 – CEIP Resource Statement Central Eyre Iron Project Global Mineral Resource Estimate Tonnes Fe SiO2 Al2O3 P LOI Location Classification (Mt) (%) (%) (%) (%) (%) Murphy South Indicated 1,108 16.0 53.2 12.9 0.08 0.4 Inferred 668 16.4 52.7 12.8 0.08 1.3 Boo-Loo Inferred 328 17.3 52.4 11.5 0.
Slide 17: Iron Road’s Journey
Iron Road’s Journey ASX IPO First drilling at CEIP – First Met Test Work Stage II drilling Maiden Resource •June 2008 Stage I •January 2009 •February 2009 - June 2009 •Boo-Loo •$0.20 per share •September 2008 •High quality concentrate •110Mt @ 19.4% Fe confirmed Global Exploration Stage III drilling
Slide 18: Hambidge
Hambidge • Completed four widely spaced traverses –12 diamond holes and 5,388m of drilling. • The magnetic anomaly targeted at Hambidge is over 3km in length and over 1km wide. • Several drill holes intersected continuous magnetite gneiss of up to 200m apparent thickness. • An exploration target of
Slide 19: Gawler Iron Project
Gawler Iron Project • Stage I RC drilling completed 2010 • Current Stage II diamond drilling programme testing five known iron ore prospects and one new target. • Comprises 26 diamond drill holes for 3,000m with holes up to 200m depth. • Pilot metallurgical study completed 2010 indicates excellent b