Iron Road Ltd · ASX:IRD

Iron Road — Sydney Mining Club (October 2010)

19 slides from Iron Road's conference presentation, Oct 7, 2010

  1. Slide 1: Delivering Iron Ore Opportunities: On the Road to Development

    Click to edit Master title style Iron Road limited For personal use only Delivering Iron Ore Opportunities On the Road to Development Andrew Stocks, Managing Director Sydney Mining Club, 07 October 2010

  2. Slide 2: Summary

    Summary Iron Road limited Iron Road is an iron ore company with a significant development project For personal use only underway – the Central Eyre Iron Project (CEIP)  Pre-Feasibility study- 10Mtpa concentrate operation with low operating costs  Large product base – mineral resource and explorati

  3. Slide 3: Summary: Raisings and Securities

    Summary Iron Road limited 1.2 Raisings For personal use only June 2008 – A$0.20 IPO 1.0 August 2009 – A$0.30 March 2010 – A$0.64 0.8 0.6 Securities 98.7M securities 0.4 23.6M options 0.2 Key Shareholder 0.0 The Sentient Group (27%) Dec 08 Dec 09 Feb 09 Feb 10 Apr 09 Apr 10 Aug 08 Oct 08 Aug 09 Oct 0

  4. Slide 4: Summary: Board and Management

    Summary Iron Road limited  Julian Gosse Chair Banking, Broking, Public Company Management For personal use only  Ian Hume NED Managed Funds, Capital Raisings, Project Dev  Matthew Keegan NED Mining Operations, Managed Funds, Research  Andrew Stocks MD Mining Operations & Dev, Public Co. Manageme

  5. Slide 5: Central Eyre Iron Project Location

    Central Eyre Iron Project Location Iron Road limited  Stage 1 – Potential concentrate For personal use only specification DTR = 70.3% Fe, 1.0% SiO2, 0.8% Al2O3  Stage 2 – Ore body continuity and understanding Mineral Resource 110Mt @ 19.4% Fe DTR = 69.9% Fe, 1.3% SiO2, 1.0% Al2O3  Stage 3 – Poten

  6. Slide 6: CEIP - Analogy

    CEIP- Analogy Iron Road limited Does 0.1% copper and 0.6g/t gold excite you? For personal use only Boddington Gold/Copper Mine  1.53Mt contained copper  30.77Moz contained gold  Copper by flotation  Gold by gravity  Capital cost ~A$5 billion  Destined to become Australia’s largest gold mine. 6

  7. Slide 7: Current Work

    Current Work Iron Road limited Current work For personal use only  Mineral Resource drilling  Interim upgrade June 2010 328Mt  Current drilling expected to add 400-800Mt  Pre-feasibility study  Infrastructure studies  Community engagement and impact study  Environmental baseline monitoring 7

  8. Slide 8: Pre-feasibility Study

    Pre-feasibility Study Iron Road limited Comprehensive pre-feasibility, with Oversight by Iron For personal use only Road and Evans & Peck Components include:  Project implementation plan, scheduling, personnel, risk & opportunity management by Evans & Peck  Geology, geotechnical and mining by Coff

  9. Slide 9: CEIP - Key Aspects

    CEIP – Key Aspects Iron Road limited  Location For personal use only  Infrastructure  Geology  Geometry  Size  Mineralogy  Low variability  Metallurgy  State Government  Communities 9 www.ironroadlimited.com.au

  10. Slide 10: CEIP - Iron and Silica versus Grind Size

    CEIP – Iron and Silica versus Grind Size Iron Road limited For personal use only Fe concentrate P80 @ 75µm 68.9% Fe 1.9% SiO2 0.00% P High grade blast furnace feed 10 www.ironroadlimited.com.au

  11. Slide 11: CEIP - Concentrate Grade versus Grind Size

    CEIP – Concentrate Grade versus Grind Size Iron Road limited For personal use only CEIP 11 www.ironroadlimited.com.au

  12. Slide 12: CEIP - Silica versus Grind Size

    CEIP – Silica versus Grind Size Iron Road limited For personal use only CEIP 12 www.ironroadlimited.com.au

  13. Slide 13: CEIP - Processing Scenario for High Grade BF Product

    CEIP – Processing Scenario for High Grade BF Product Iron Road limited Fe: 23.2% For personal use only SiO2: 47.9% D-LIMS ROM Ore 70% original mass Fe: 18.8% Crushing P80~ 21 mm SiO2: 53.0% 100% mass enters Cleaner W-LIMS Tails 30% of HPGR original mass  Simple process Tails P80~75 µm 33% original

  14. Slide 14: Current Drilling - Murphy South

    Current Drilling – Murphy South Iron Road limited Murphy For personal use only Dolphin Boo-Loo Murphy South N Scale 1000m 14 www.ironroadlimited.com.au

  15. Slide 15: Current Drilling - Murphy South Cross-Section

    Current Drilling – Murphy South Cross-Section Iron Road limited For personal use only 400m 15 www.ironroadlimited.com.au

  16. Slide 16: Concentrate Transport

    Concentrate Transport Iron Road limited  Numerous options For personal use only and routes under review  ~160km slurry pipeline currently preferred transport medium  Shared port – Sheep Hill  Possible desalination unit at Sheep Hill  New power transmission line from Port Augusta 16 www.ironroad

  17. Slide 17: Summary

    Summary Iron Road limited  Mineral Resource For personal use only  Confirmation of high grade, clean concentrate  Current drilling on track to deliver an additional 400-800Mt  Large potential  Exploration target of 2.8-5.7Bt  Pre-feasibility study  Simple process flow, waste early rejection 

  18. Slide 18: On the Road to Development

    Iron Road limited For personal use only On the Road to Development 18 www.ironroadlimited.com.au

  19. Slide 19: Notice: Forward-Looking Statements

    Notice Iron Road limited Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by Iron Road Limited. Statements concerning mining reserves For personal use only and resources may also be deemed to be forward looking statements in that they inv

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