Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — The Australian Green Iron & Steel Forum 2025
19 slides from Magnetite Mines's conference presentation, Mar 26, 2025
Slide 1: Premium Iron Ore for green iron and steelmaking
For personal use only Premium Iron Ore ... for green iron and steelmaking The Australian Green Iron & Steel Forum, Perth 26 March 2025
Slide 2: Disclaimer
Disclaimer For personal use only IMPORTANT NOTICE ADDITIONAL INFORMATION The purpose of this presentation is to provide general information about This presentation should be read in conjunction with MGT’s Annual Report at 30 Magnetite Mines Limited ("MGT"). It is not recommended that any person make
Slide 3: Corporate overview (ASX:MGT)
Corporate overview (ASX:MGT) Skilled team with singular focus: Razorback Iron Ore Project development For personal use only Board of Directors Management Cash Paul White Chair of the Board Trevor Thomas Director, Studies MEarthSci (Hons), MAIG, MAusIMM MBA, MAICD 14 years exploration & resource de
Slide 4: Why we must decarbonise
Why we must decarbonise Our planet is being rapidly compromised by carbon emissions For personal use only Australian coal production (1978 – 2021) Atmospheric CO2 Global air temperature (1950 – 2024) 4
Slide 5: What is "Green Iron"?
What is “Green Iron”? Replacing coal in ironmaking is by far the biggest impact to carbon emissions For personal use only CURRENT PRACTICE Waterfall chart of emissions in steel life cycle ~70% OF GLOBAL PRODUCTION 8% of global carbon emissions CO2 Med. Grade Iron Ores Basic Blast Iron Steel Furnace
Slide 6: Why is Green Iron important to Australia?
Why is Green Iron important to Australia? Australia has advantages that can be exploited economically “It is in Australia’s economic interest to make a swift For personal use only transition to green iron, where our comparative advantage is clear” Deloitte, WWF Australia Mar 2025 Comparative advanta
Slide 7: Not all magnetite resources are suitable for Green Iron
Not all magnetite resources are suitable for Green Iron Razorback Project positioned to meet forecast demand For personal use only Razorback >68% Fe concentrates positioned in DR-grade range* High-grade iron ore demand-supply gap to increase Exported Iron Ore – Fe Grade Comparison Australian Hematit
Slide 8: DRI growth is accelerating
DRI growth is accelerating Policy, investment and technology driving global transformation For personal use only Source: Wood Mackenzie
Slide 9: The South Australia advantage
The South Australia advantage SA is leading the way to a future green iron economy For personal use only Attracting international investment Value adding Australia’s opportunity can be realised through collaboration and investment in green iron hubs Magnetite + Renewable Energy Geopolitically stabl
Slide 10: Green Iron SA consortium formed
Green Iron SA consortium formed Accelerating South Australia’s Green Iron opportunity For personal use only Green Iron SA plans to transform the strategic location of Port Pirie into a green iron production & export hub5 Development of the Razorback Iron Ore Project Delivery of 5Mtpa – DR-Grade
Slide 11: Razorback: Expansive, soft, outcropping iron ore
Razorback: Expansive, soft, outcropping iron ore South Australia’s Braemar Iron Formation – a globally significant magnetite province For personal use only The Braemar advantage Outcropping ore: very low strip ratio Iron Peak Siltstone-hosted iron ore, not BIFa Soft relative to WA magnetite or
Slide 12: Outstanding project location in the undeveloped Braemar
Outstanding project location in the undeveloped Braemar Close to potential future green iron hubs at Whyalla & Port Pirie For personal use only Adelaide 240km Open-access rail ~50km Whyalla Port 315km Port Pirie 180km Grid Power 100% renewable by 2027 1212 ~125km
Slide 13: Mining Lease Proposal submitted – March 2025
Mining Lease Proposal submitted – March 2025 Commences development journey for a 5Mtpa production facility For personal use only
Slide 14: Saline water processing breakthrough
Saline water processing breakthrough Eliminating a key technical and cost risk via in-house innovation For personal use only Pioneering work by MGT DR-grade concentrates produced in saline water without quality compromise No change to flowsheet, only flotation process reagent changes Further m
Slide 15: Razorback Project financing approach
Razorback Project financing approach Joint venture with motivated offtakers For personal use only UNINCORPORATED JOINT VENTURE (JV) JV PARTNER 1 Joint Ventures (JV) Potential partners $ World-class asset has attracted Well-proven model for large Australian iron ore projects over many global stee
Slide 16: Magnetite Mines
Magnetite Mines For personal use only Decarbonisation Razorback’s superior Progressing to Substantial re-rating tailwind project credentials development potential Australia’s Green Iron Tier 1 location Finalising strategic Project set for long life opportunity underpinned Close to port & r
Slide 17: References
For personal use only References 1. ASX Announcement – 09/02/23 – Iron Peak Mineral Resource Significantly Improved 2. ASX Announcement – 03/11/22 - Muster Dam Mineral Resource Estimate 3. ASX Announcement – 09/06/23 - Iron Peak Deposit Maiden Ore Reserve 4. Metalmorphosis: How decarbonisation is tr
Slide 18: Contact
For personal use only Contact gemma.brosnan@magnetitemines.com +61 8 8427 0516 www.magnetitemines.com 18
Slide 19: Appendix: Mineral Resources and Reserves
Appendix 1 Mineral Resources and Reserves1,3 For personal use only Razorback Iron Ore Project (Razorback & Iron Peak deposits combined)a Classification Tonnes (Mt) Mass Rec % Fe % SiO2 % Al2O3 % P% LOI % Magnetite % Indicated 1,675 15.95 18.36 48.02 8.06 0.18 5.46 15 Inferred 1,570 16.09 17.74 48.6
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