Strike Resources Limited · ASX:SRK
Strike Resources — Shareholder Meeting (November 2009)
17 slides from Strike Resources's shareholder meeting presentation, Nov 25, 2009
Slide 1: Annual General Meeting, Perth, 25 November 2009
For personal use only Annual General Meeting Perth 25 November 2009 Meeting Overview Chairman : John F. Stephenson Managing Director : H. Shanker Madan Directors : Farooq Khan William M. Johnson Malcolm R. Richmond A. Farhad Moshiri Mark P. M. Horn (Alternate Director for Mr Moshiri) Matthew C. P. H
Slide 2: Agenda
Agenda 1. Managing Director’s Overview For personal use only 2. Reports and Statements 3. Resolutions 1 - 7 4. Questions. 3 Managing Director’s Overview 25 November 2009
Slide 3: 2009 Overview
2009 Overview Peru (Iron Ore) AF partner disputes resolved. Strategic Plan and two year exploration and development program For personal use only approved for Apurimac to advance the Project to commencement of BFS in 2012. Indonesia (Coal) New mining laws commenced in January 2009 and are stil
Slide 4: Pre-Feasibility Study and Pathway to BFS
Pre-Feasibility Study The pre-feasibility study completed in 2008 focussed on the economics of a 20Mtpa mining operation: - Average operating costs of approximately US$14.50 per tonne For personal use only - Total capital cost of approximately US$2.3 billion; and - High-quality product grading of
Slide 5: Drilling defines JORC indicated resource at Opaban I and III
In Apurimac, drilling to date has defined a JORC indicated resource of 133Mt @ 59.4 % Fe at the Opaban I and III deposits For personal use only 3D Model of Opaban I deposit 9 19,000m of new drilling is planned at Opaban I and III and an additional 10,000m in satellite deposits over two years to expa
Slide 6: Peru – Summary of Activities Planned for 2009-2011
The outline of the Opaban I deposit in cross section superimposed by a cross-section of the 3D model shows potential for additional resources at depth For personal use only Potential additional Resource at depth 11 Peru – Summary of Activities Planned for 2009-2011 Two-year exploration and develop
Slide 7: Thermal coal demand expected to remain strong
For personal use only INDONESIA 13 Thermal coal demand is expected to remain strong in the medium term, particularly from Asia Energy demand in China and India is forecast to grow by 3.4% and 2.9% respectively per annum to 2030. Surging Indian coal demand likely to be one new driver of additiona
Slide 8: Berau Thermal Coal Project - Location
Berau Thermal Coal Project - Location The Project’s 5,000ha concession is located For personal use only 40km south-west of Tanjung Redeb, the capital of the Berau Regency and 260km north of Samarinda, the capital of East Kalimantan. 15 Drilling during 2009 has defined a JORC Resource in Berau of 20.
Slide 9: Coal Resources - Summary
Coal Resources - Summary Current JORC resource of 20.8Mt*. Concession Coal Resources (Mt) Blocks Measured Indicated Inferred Sub-Total For personal use only Nyapa West 1.8 8.6 3.6 14.0 Nyapa East - - 6.8 6.8 Total 1.8 8.6 10.4 20.8 A recently-completed 9867m drilling campaign is expected to resu
Slide 10: Production from Berau planned to scale up
Production from Berau is planned to scale up from 1.5Mtpa to 3Mtpa Coal will be transported 30km by road from the mine to a new barging port For personal use only on the Segah River. Coal will then be barged to a trans-shipment location approximately 30km offshore. Other mines in this area use
Slide 11: Marketing the Berau coal is well underway
Marketing the Berau coal is well underway Marketing studies and visits have confirmed that coal will be well received in the Asian market. For personal use only Current sale arrangements are 2.5Mt coal off-take LOIs with: – Formosa Plastics (Taiwan) – CNBM. 21 Strike has completed a detailed fea
Slide 12: Funding alternatives for Berau Coal Project
Various funding alternatives are now being considered for the Berau Coal Project Strike has considerable cash reserves, but these are being kept in reserve for Peru development. For personal use only Strike is examining several funding alternatives, including: – Project financing – Joint venture
Slide 13: Formal Business: Resolutions and Resolution 1
Formal Business 2009 Directors’ Report, Financial Statements and Auditor’s Report Resolutions: For personal use only 1. Re-election of Farooq Khan as Director 2. Re-election of William Johnson as Director 3. Re-election of Matthew Hammond as Director 4. Approval of Updated Directors’ Deeds 5. Issue
Slide 14: Resolutions 2 and 3 proxy results
Resolution 2 Re-election of William Johnson as Director For personal use only Proxy Summary For Against Abstain Open Totals All Proxies Received 62,004,909 47,500 10,000 804,593 62,867,002 Chairman’s Proxies Received 44,990,200 47,500 10,000 804,593 45,852,293 27 Resolution 3 Re-election of Matthew
Slide 15: Resolutions 4 and 5 proxy results
Resolution 4 Approval of Updated Directors’ Deeds For personal use only Proxy Summary For Against Abstain Open Totals All Proxies Received 61,952,042 98,367 12,000 804,593 62,867,002 Chairman’s Proxies Received 804,593 98,367 12,000 804,593 45,852,293 29 Resolution 5 Issue of Options to Director – H
Slide 16: Resolutions 6 and 7 proxy results
Resolution 6 Setting of Non-Executive Directors’ Remuneration Limit For personal use only Proxy Summary For Against Abstain Open Totals All Proxies Received 61,778,111 267,452 22,346 799,093 62,867,002 Chairman’s Proxies Received 44,763,402 267,452 22,346 799,093 45,852,293 31 Resolution 7 Adoption
Slide 17: Questions
QUESTIONS For personal use only Visit our website www.strikeresources.com.au - for corporate information for shareholders and investors Register your email address to receive SRK announcements and releases - email your details to info@strikeresources.com.au 33
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