Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — Share Cafe "Hidden Gems" Webinar (March 2021)
18 slides from Magnetite Mines's conference presentation, Mar 19, 2021
Slide 1: Magnetite Mines Limited – High Grade Iron Ore Concentrate
For personal use only MAGNETITE MINES LIMITED High Grade Iron Ore Concentrate Share Cafe “Hidden Gems” Webinar 19 March 2021
Slide 2: Disclaimer
DISCLAIMER For personal use only Important Notice The purpose of this presentation is to provide general information about Magnetite Mines Limited ("MGT"). It is not recommended that any person makes any investment decision in relation to MGT based on this presentation. This presentation contains ce
Slide 3: Corporate Overview
CORPORATE OVERVIEW For personal use only SHARE PRICE (1 Year) CAPITAL STRUCTURE Shares M 2,856 Options M 109 Quoted Options M 470 Share price (18 Mar 2021) A$ $0.043 Market Capitalisation (18 Mar 2021) A$ $123m Cash (18 Mar 2021) A$ $4.246m SHAREHOLDER SNAPSHOT BOARD OF DIRECTORS Mr Peter Schubert E
Slide 4: Taking Advantage of Favourable Geography
TAKING ADVANTAGE OF FAVOURABLE GEOGRAPHY For personal use only Location advantages: • 240km NE of Adelaide within the Braemar Iron Formation1 • Close to grid power, rail, port and groundwater 1 4
Slide 5: High Grade Fines – Material Premium and Stable Pricing
HIGH GRADE FINES – MATERIAL PREMIUM AND STABLE PRICING For personal use only 5 Source: Fastmarkets MB Iron Ore Index
Slide 6: Plan to Leverage Scale, Location and Opportunity to Deliver Value
PLAN TO LEVERAGE SCALE, LOCATION AND OPPORTUNITY TO DELIVER VALUE For personal use only • Large resource in favourable geography • JORC resource 3.9 billion tonnes global resource (Inferred and Indicated)3,4 • Amenable to simple processing to high grade product – targeting 68.5% Fe, 6.5% Fe higher t
Slide 7: Attractive, Staged Development Pathway Focussed on Capital Efficiency
ATTRACTIVE, STAGED DEVELOPMENT PATHWAY FOCUSSED ON CAPITAL EFFICIENCY For personal use only • Strong iron ore demand, premiums for high grade products and limited new supply provide a favourable environment for Razorback • We believe that a relatively low capital, long life development of the large
Slide 8: New Geological Interpretation
NEW GEOLOGICAL INTERPRETATION For personal use only • Extensive drilling has resulted in a comprehensive database, core library and geophysical logs8 • We have used this extensive information to build a new orebody model that allows a new interpretation of the grade distribution and enables detailed
Slide 9: NextOre – Year Exclusivity Australia Wide
NEXTORE – 4 YEAR EXCLUSIVITY AUSTRALIA WIDE For personal use only • Agreement with NextOre for supply of a full-scale mobile ore sorting plant for the Razorback Project for sorting magnetite ore using MR technology, with equipment despatch from the CSIRO Lucas Heights facility in 20219,10 • Exclusiv
Slide 10: Metallurgical Investigations
METALLURGICAL INVESTIGATIONS For personal use only • High resolution testwork has confirmed the stratabound nature of mineralisation i.e. mineralisation is contained within discrete, traceable layers – not disseminated mineralisation8 • Hatch is currently undertaking a metallurgical review of the Ra
Slide 11: Advancing Infrastructure Access
ADVANCING INFRASTRUCTURE ACCESS For personal use only • Logistics and power options developed under the 2019 Scoping Study to be refined utilising existing infrastructure providers1 • Location of Razorback deposit well placed with respect to existing infrastructure1 • Commercial engagement with powe
Slide 12: Environment and Permitting
ENVIRONMENT AND PERMITTING For personal use only • Ecological Australia have been engaged to initiate baseline environmental studies and have provided an approval pathway11 Key activities • Baseline studies (incl, heritage, flora, fauna, water etc.) • Environmental impact assessment study (incl. wat
Slide 13: Rapid progress
For personal use only Rapid progress 13
Slide 14: Muster Dam Iron Project
MUSTER DAM IRON PROJECT For personal use only • Company awarded Muster Dam Iron Project tenement by SA Department of Energy and Mines – tenement in processing12 • Tenement contains Muster Dam 1.5 billion tonne, Inferred Resource (2004 JORC Code and Guidelines standard) 12,13 • Prospective for additi
Slide 15: Indicative Development Schedule
INDICATIVE DEVELOPMENT SCHEDULE For personal use only 2020 2021 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 PFS (excl drilling/met testing) Bulk Ore Sorting Trial DFS Funding DFS Study Decision to Mine Project Funding Permitting, Enviro. and Native Title Design Procure
Slide 16: The MGT Value Proposition
THE MGT VALUE PROPOSITION For personal use only Five Key Advantages of the Razorback Iron Project 1. Globally significant iron ore resource in low sovereign-risk jurisdiction 2. Open-access to existing port, road, rail and power infrastructure1 3. Conventional processing/beneficiation flowsheet with
Slide 17: For personal use only
For personal use only
Slide 18: References – Releases
References – ASX:MGT Releases For personal use only 1. 07/11/2020 – Positive Razorback Scoping Study Results 2. 27/11/2020 – Presentation to 2020 AGM 3. 12/11/2020 – Razorback Iron Project – JORC 2012 Resource Update 4. 20/11/2020 – Ironback Hill Deposit – JORC 2012 Resource Update 5. 13/09/2016 – M
Magnetite Mines — Share Cafe "Hidden Gems" Webinar (March 2021) on 6ix