Red Hill Minerals Ltd · ASX:RHI
Red Hill Minerals — Red Hill Iron — Shareholder Meeting (November 2014)
13 slides from Red Hill Minerals's shareholder meeting presentation, Nov 12, 2014
Slide 1: Annual General Meeting presentation ASX cover letter
Registered Office: Level 2, 9 Havelock Street, West Perth WA 6005 ABN: 44 114 553 392 Postal Address: PO Box 1160, West Perth WA 6872 Telephone: (61 8) 9481 8627 Facsimile: (61 8) 9481 8445 E-mail: redhillinfo@redhilliron.com.au Website: www.redhilliron.com.au 12 November 2014 Company Announcements
Slide 2: Red Hill Iron Limited – November 2014
RED HILL IRON LIMITED ABN: 44 114 553 392 November 2014
Slide 3: Disclaimer and Warning
RED HILL DISCLAIMER IRON LIMITED ABN: 44 114 553 392 Disclaimer and Warning No representation or liability: No representation or warranty is made as to the fairness, currency, accuracy, completeness, reliability or reasonableness of this presentation, or any opinions, conclusions and forward‐looking
Slide 4: Red Hill Iron Ore Joint Venture (RHIOJV)
RED HILL IRON LIMITED ABN: 44 114 553 392 Red Hill Iron Ore Joint Venture (RHIOJV) – Red Hill Iron 40%, API Management Pty Ltd 60% Your Company retains a 40% carried interest in the RHIOJV which it can convert, at any time up to the first commercial sale of iron ore from the RHIOJV area, either to a
Slide 5: Share Structure
RED HILL IRON LIMITED ABN: 44 114 553 392 Share Structure Substantial Shareholders September 2014 Pitt & Assocs, 27.2% Public, 40.6% Bao Steel & Assocs, 17.6% Acorn Capital Brisbane Group, 6.4% Investments I& II, 8.2% Number of Fully Paid Ordinary Shares - listed: 49,405,037 Number of Options - exer
Slide 6: Assets in the Pilbara
RED HILL IRON LIMITED ABN: 44 114 553 392 ASSETS IN THE PILBARA RHIOJV – 40% until first sale of ore with option to convert to a 20% participating interest or to a 2% FOB royalty on all RHIOJV ore sales Pannawonica Project – 100% Three Peak Hill – 100% 5
Slide 7: Pilbara Assets Summary
Pilbara Assets Summary RHIOJV (RHI 40%)1 RESOURCE (JORC 2004)2 472 Mt at 56.6% Fe (94 Mt RHI) Red Hill Iron contends that a further 117 Mt at Kens Bore East forms part of the RHIOJV PANNAWONICA (RHI 100%) RESOURCE (JORC 2012)2 62.5 Mt at 53.4% Fe (52% Fe cut-off, Measured+Indicated+Inferred) THREE P
Slide 8: RHIOJV Mineral Resources (JORC 2004)
RHIOJV Mineral Resources (JORC 2004) as at 30 June 2014 (53% Fe cutoff) Project JORC category Mt Fe (%) AI₂O₃ (%) P (%) SiO₂ (%) LOI (%) West Pilbara Iron Measured 125 57.7 3.37 0.084 5.36 8.06 Ore Project - Indicated 285 56.4 3.83 0.071 6.22 8.68 RHIOJV Inferred 62 55.6 4.15 0.070 6.57 9.01 Total 4
Slide 9: RHIOJV 2014/2015 Program and $9.8m Budget adopted
RED HILL IRON LIMITED ABN: 44 114 553 392 RHIOJV 2014/2015 Program and $9.8m Budget adopted The participants in the RHIOJV, API Management Pty Ltd (API) and Red Hill Iron Limited (RHI), agreed to adopt a revised $9.8 million program and budget governing the activities of the RHIOJV for the period en
Slide 10: Pannawonica Mineral Resources (JORC 2012)
Pannawonica Mineral Resources (JORC 2012) as at 30 June 2014 (52% Fe cutoff) Deposit Classification Tonnes (Mt) Fe (%) Al2O3 (%) P (%) SiO2 (%) LOI (%) Measured 2.7 53.3 5.2 0.04 7.8 10.1 Indicated 37.6 53.2 5.2 0.05 9.0 8.9 Redgate Inferred 7.2 53.3 5.3 0.05 8.8 8.9 Sub Total 47.5 53.3 5.2 0.05 8.9
Slide 11: Pannawonica Ore Reserve (JORC 2012)
Pannawonica Ore Reserve (JORC 2012) as at 30 June 2014 Fe Al2O3 P SiO2 Deposit Classification Tonnes (Mt) (%) (%) (%) (%) Proved 1.5 53.8 5.0 0.04 7.2 Redgate Probable 16.1 54.0 5.0 0.05 8.3 Total 17.6 54.0 5.0 0.05 8.2 Proved 2.7 54.3 4.3 0.03 8.5 Whitegate Probable 9.0 54.0 4.5 0.04 8.1 Total 11.7
Slide 12: Three Peak Hill
Three Peak Hill THREE PEAK HILL (RHI 100%) The hill and surrounds comprise hard feldspar porphyry. It is anticipated that this may be a hard rock source for road and rail construction, concrete aggregates, port breakwaters and road sheeting. The deposit is well sited – on proposed road and rail alig
Slide 13: RED HILL
RED HILL IRON LIMITED ABN: 44 114 553 392 12