Iron Road Ltd · ASX:IRD
Iron Road — Investor Presentation (September 2023)
22 slides from Iron Road's investor presentation, Sep 7, 2023
Slide 1: Central Eyre Iron Project and Cape Hardy
Central Eyre Iron Project and Cape Hardy Strategic assets integral to South Australia’s re-industrialisation vision Investor Update 7 September 2023 August 2023
Slide 2: Notice
Notice Forward Looking Statements This announcement contains certain statements with respect to future matters which may constitute "forward- looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, perfor
Slide 3: Corporate overview
Corporate overview Capital Structure – 5 September 2023 Board of Directors and Management Share Price $0.078 Non-Executive Chief Executive Peter Cassidy Larry Ingle Chairman Officer Shares on Issue 806.9M Market Capitalisation $62.9M Non-Executive Jerry Ellis AO Company Secretary Jarek Kopias Direct
Slide 4: Share Purchase Plan
Share Purchase Plan • Share Purchase Plan (SPP) targeting to raise up to $1.0 million • Pricing of $0.08 per share represents a 10.5% discount to 5-day volume weighted average price (VWAP) prior to SPP announcement • Modest capital raise sized to minimise dilution at the current share price (market
Slide 5: Flagship asset - Central Eyre Iron Project (CEIP)
Flagship asset - Central Eyre Iron Project (CEIP) • Mineral Lease 6467- 6,414ha underlain by the largest magnetite Ore Reserve in Australia and intergenerational mine life potential - 589Mt @ 66.7% Fe concentrate • Development Approval in place for infrastructure corridor, port & ancillary facilitie
Slide 6: Mine development drivers
Mine development drivers • The CEIP remains one of the premier high product grade greenfield iron ore opportunities globally • Development partnership or ML6467 sale strategy • High Fe grade demand is growing to supplement declining orebody grades and to meet the decarbonisation drive over time to l
Slide 7: CEIP parameters vs other Australian magnetites
CEIP parameters vs other Australian magnetites CEIP Parameters Typical Western Australia BIF1 Magnetite Gneiss Magnetite structure Coarse crystalline (1½ mm average), Microcrystalline, intergrown (superior liberation) sharp boundaries Ore hardness Moderate Very hard (easier crushing) (UCS 110MPa) (U
Slide 8: Cape Hardy port precinct attributes
Cape Hardy port precinct attributes • 1,207ha strategically located gulf-side land with access to deep water; freight advantaged for imports of renewable energy components & grain export from across the Eyre Peninsula • Only naturally protected nearshore deep water in South Australia; 24/7/365 shipp
Slide 9: Northern Water study site selection process
Northern Water study site selection process The short-listed sites were assessed in detail using a Multi Criteria Assessment, with the assistance of key stakeholders representing commercial and recreational fishers, conservation interests, local government, and business, tourism and industry groups.
Slide 10: Cape Hardy green hydrogen planning
Cape Hardy green hydrogen planning • Market sounding followed by Expression of Interest process in 2022 assisted by WSP Australia • Six pre-qualified proponents were invited to bid for a preferred green hydrogen developer / lead consortium role Cape • Competitive bid process designed to demonstrate
Slide 11: Strategic Framework Agreement with Amp Energy
Strategic Framework Agreement with Amp Energy 2023 2024 2025 2026 2027 2028 Completion Cape Hardy Green Hydrogen Project Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Date Offer to Bid Q1:2023 Execution of Strategic Framework Agreement Q2:2023 Negotiation Period, Scope Deve
Slide 12: Cape Hardy Strategic Framework Agreement
Cape Hardy Strategic Framework Agreement Works Summary Amp’s initial intent was to develop the Cape Hardy site into a large scale precinct centred on the green hydrogen value chain, including: ammonia production desalination processes renewable energy production We have now undergone initi
Slide 13: Amp Overview in South Australia
Amp Overview in South Australia Diversified Portfolio led by Cape Hardy Precinct development Source: Amp Energy
Slide 14: Cape Hardy Green Hydrogen Development Schedule
Cape Hardy Green Hydrogen Development Schedule Progress to date Current Project Status FID Delivery Concept Feasibility Pre-FEED FEED (FEL 0) (FEL 1) (FEL 2) (FEL 3) Common User Asset Design Facility EPC / EPCM Outside Battery Limit Design Concept Design Basis of Design Balance of Plant Design M
Slide 15: The way we see it…
Cu Cu Cu The way we see it… Port Augusta The following critical and complementary Mgt ingredients… H2 • Large-scale, high-quality renewable energy Whyalla Spencer resources Gulf • Sustainable supply of desalinated water Kimba Yadnarie • World-class, long-life copper and magnetite Cleve Cu Mgt orebod
Slide 16: Value proposition
Value proposition Iron Road retains access to three world-class natural resource assets on the Eyre Peninsula: • A 4.5 billion tonne coarse-grained magnetite orebody (589Mt @ 66.7% Fe concentrate) • A large gulfside land package at Cape Hardy with nearshore deep water • Proximate large-scale and hig
Slide 17: Benefits for South Australia
Benefits for South Australia • Visibility through leadership in emerging green hydrogen sector and active engagement in downstream value-add opportunities • Credible pathways to increased economic activity (capital investment & new jobs) and growth in royalties • Intergenerational employment • New i
Slide 18: Authorised for release by the board of Iron Road Ltd
Authorised for release by the board of Iron Road Ltd For further information, please contact: Larry Ingle, Chief Executive Officer Iron Road Ltd Level 3, 63 Pirie Street Adelaide SA 5000 Australia Tel: +61 8 8214 4400 Or visit ironroadlimited.com.au ASX: IRD admin@ironroadlimited.com.au Cape Hardy j
Slide 19: Appendix – CEIP Ore Reserve summary
Appendix – CEIP Ore Reserve summary Table 1 – CEIP Ore Reserve Summary Metric Resource Fe SiO2 Al2O3 Tonnes Classification (%) (%) (%) (Mt) Proved 2,131 15.55 53.78 12.85 Probable 1,550 14.40 53.58 12.64 Total 3,681 15.07 53.70 12.76 The Ore Reserves estimated for CEIP involving mine planning is bas
Slide 20: Appendix – CEIP Global Mineral Resource
Appendix – CEIP Global Mineral Resource Table 2 – CEIP Global Mineral Resource Tonnes Fe SiO2 Al2O3 P LOI Location Classification (Mt) (%) (%) (%) (%) (%) Measured 2,222 15.69 53.70 12.84 0.08 4.5 Murphy South/Rob Roy Indicated 474 15.6 53.7 12.8 0.08 4.5 Inferred 667 16 53 12 0.08 4.3 Boo-Loo/Dolph
Slide 21: Appendix – Mine plan optionality (12Mtpa & 21.5Mtpa)
Appendix – Mine plan optionality (12Mtpa & 21.5Mtpa) Lower capital 12Mtpa option Approved 21.5Mtpa option
Slide 22: Appendix – 12Mtpa processing flowsheet
Appendix – 12Mtpa processing flowsheet Source: Metalytics – Resource Sector Economics Independent Technical Review of CEIP Ore Processing, May 2021