Fenix Resources Limited · ASX:FEX
Fenix Resources — Investor Presentation (September 2018)
15 slides from Fenix Resources's investor presentation, Sep 25, 2018
Slide 1: Fenix Resources Limited - Iron Ridge Acquisition
For personal use only FENIX RESOURCES LIMITED IRON RIDGE ACQUISITION H I G H G R A D E H E M AT I T E I R O N O R E P R O J E C T ASX : FEX
Slide 2: Disclaimer
DISCLAIMER The material in this presentation has been prepared by Fenix Resources Limited (recently renamed from Emergent Resources Limited) (Fenix) and is general background For personal use only information about an acquisition by Fenix. This information is given in summary form and does not purpo
Slide 3: Corporate Strategy
CORPORATE STRATEGY On re-listing, FEX market cap will be ca.$8.5m with For personal use only >$4m in cash (EV of <$4.5m) Aim to supply high-grade Plan to commercialise iron ore products to the Iron Ridge and build a steel industry trusted customer base Focused management and Board of Directors with
Slide 4: Board & Management
BOARD & MANAGEMENT Broad industry and corporate experience For personal use only Bevan Tarratt Garry Plowright Rob Brierley Petar Tomasevic Non Executive Chairman Executive Director Executive Director Non Executive Director Extensive background Experienced executive Mining engineer and Significant e
Slide 5: Project Highlights
IRON RIDGE PROJECT HIGHLIGHTS For personal use only DSO Deposit • High Grade Hematite Iron Ore Project • JORC 2012 Inferred Resource 5Mt @ 64.1% Fe at 50% Fe cut off grade1 • Resource expansion potential @ depth & along strike1 • Initial drill program targeting Main BIF Unit designed to derive an up
Slide 6: DSO Project Highlights: Location/Tenure/Infrastructure
IRON RIDGE DSO PROJECT HIGHLIGHTS For personal use only Location/Tenure/Infrastructure Geraldton Port • 100% owned Granted mining lease valid until 2030 Iron Ore loading & storage facility. • Lease pre-dates Native Title with Ministerial ~4Mtpa spare approval for the mining of iron ore capacity • Lo
Slide 7: Premium Iron Ore Market - Structural Change Favours High Grade Ore
Iron Ridge Premium Iron Ore Market Structural Change Favours High Grade Ore For personal use only MB 65% Fe versus Platts 62% Fe Monthly Averages 110 60.00% 100 50.00% 90 40.00% 80 30.00% 70 20.00% 60 50 10.00% 40 0.00% Premium Platts 62% IODEX CFR China (US$/dmt) 65% Fe Metal Bulletin CFR China (US
Slide 8: Premium Iron Ore Market - Structural Change Favours High Grade Ore
IRON RIDGE Premium Iron Ore Market – Structural Change Favours High Grade Ore For personal use only 65% Current ca.US$50/t premium for 65% Fe product versus 58% Fe product supports planned 490km of trucking to Geraldton Port 8 F E N I X R E S O U R C E S L I M I T E D - A S X : F E X
Slide 9: Project Geology
IRON RIDGE Project Geology For personal use only • Multiple mineralised lenses dipping around 80º to the south east • Significant intercepts of high grade mineralisation • In the Main BIF unit, grade averages 62% Fe near surface and increases to well in excess of 65% Fe at depth • Enrichment of BIF
Slide 10: Indicative Cross-Section
IRON RIDGE Indicative Cross-Section For personal use only Please refer to ASX release by Emergent Resources Limited (EMG) dated 7 May 2018 F E N I X R E S O U R C E S L I M I T E D - A S X : F E X
Slide 11: Capex and Opex Considerations
IRON RIDGE Capex and Opex Considerations For personal use only CAPEX requirement is expected to be modest due to: 1. No additional port infrastructure required as Geraldton Port currently has abundant surplus capacity for ore storage and ship loading 2. Existing road used by Crossland Resources/Murc
Slide 12: Transaction Summary
IRON RIDGE Transaction Summary For personal use only PROSPECTUS OFFERS OPEN 12 September 2018 • FEX to acquire 100% of Prometheus Mining Pty Ltd (PML), holder of 100% of Iron Ridge Project • Initial consideration for PML is 25m shares, 100% escrowed • Additional consideration is by Performance Share
Slide 13: Transaction Summary - Capital Structure
FENIX RESOURCES Transaction Summary - Capital Structure For personal use only Capital Structure (FEX to acquire PML) Price Shares Options Cash Market Cap EV Existing Shares on issue post 1 for 5 reconstruction $ 0.04 45,398,200 $423,000 $ 1,815,928 Initial Vendor Consideration $ 0.04 25,000,000 $ 1,
Slide 14: News Flow Post Re-admission To ASX Trading
IRON RIDGE News Flow Post Re-admission To ASX Trading For personal use only ❖ Preliminary agreements on road ore haulage and port storage & handling services ❖ Drilling program commencement and results ❖ Resource updates: ❖ Targeting the main BIF unit to increase high grade resource (aiming for 65%
Slide 15: Fenix Resources Limited
For personal use only FENIX RESOURCES LIMITED www.fenixresources.com.au info@fenixresources.com.au +618 9486 4036
Fenix Resources — Investor Presentation (September 2018) on 6ix