Iron Road Ltd · ASX:IRD
Iron Road — SACOME Breakfast Briefing (June 2012)
19 slides from Iron Road's conference presentation, Jun 21, 2012
Slide 1: South Australia’s Largest Iron Ore Project
South Australia’s Largest Iron Ore Project SACOME Breakfast Briefing, 21 June 2012
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by Iron Road Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific ass
Slide 3: Overview – What is CEIP?
Overview – What is CEIP? Central Eyre Iron Project (CEIP) • Large scale magnetite iron ore project, on Eyre Peninsula • Second largest resources project in South Australian history (after Olympic Dam) • PFS indicates robust project economics • DFS assessing production scenarios +20Mtpa • Sinter prod
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Slide 5: DFS Scenarios to Reflect Resource Potential
DFS Scenarios to Reflect Resource Potential PFS ‘base case’ of 12.4 million tpa, based on the 1.2 billion tonne Mineral Resource announced in February 2011 • Global Mineral Resource at CEIP currently stands at 2.1 billion tonnes, of which 1.11 billion tonnes is in the Indicated category 1 • Expect t
Slide 6: How Big is CEIP? Comparison to SA Projects
How Big is CEIP? Comparison to SA Projects Millions 20 CEIP is the largest proposed iron ore development in South Australia, by annual production 15 Proposed annual production 10 Source: Iron Road 5 0 CEIP Southdown (WA) Southern Iron (Onesteel) Fusion Wilcherry Hill (Stage 3) 6
Slide 7: How Big is CEIP? Comparison to SA projects
How Big is CEIP? Comparison to SA projects $3,000 (millions) $2,500 CEIP is a large scale Latest Reported Annual Revenue $2,000 project with both longer Iron Road CEIP Iron Road CEIP (PFS Base Case) (Proposed DFS, +20 Mtpa) estimated mine life and Prominent Hill larger projected yearly $1,500 (Coppe
Slide 8: Benchmarking Concentrate Grade
Benchmarking Concentrate Grade 72 EMG-Beyondie VMC-Yalgoo 70 ARH-Balmoral IRD-CEIP (40 micron) Concentrate Grade - % iron AGO-Ridley IRD-CEIP (53 micron) IRD-CEIP (75 micron) GRR-Southdown 68 GBG-Karara CXM-Bungalow CXM-Fusion IRD-CEIP (106 micron) ACS-Magnetite Range CXM-Carrow 66 CFE-Cape Lambert
Slide 9: Ball mill feed of bulk concentrate sample
Ball mill feed of bulk concentrate sample 9
Slide 10: Scalable Operation, Low Strip Ratio
Scalable Operation, Low Strip Ratio • Large scale conventional mining • Mine design and scheduling by Coffey Mining • PFS “base case” open cut operation, with low strip ratio of 0.8 to 1 • Excellent geotech properties – (15m benches, 70º batters) • Operating cash flow versus pit shell size curve is
Slide 11: Export Solution
Export Solution • DFS examining heavy haulage rail to port • Alignment to bypass towns • Cape sized port options in sheltered waters: – Third party ports; and – Large Iron Road facility (+30Mtpa) • Iron Road port study – Environmental surveys advanced – Wave data collected – Orientation of jetty det
Slide 12: Community Engagement
Community Engagement • Company wide commitment and interest in community engagement • Major Sponsor and supporter of local community events since 2009 • Toll free contact number and extensive community programmes in place • Development will bring many opportunities to the region • Community will rem
Slide 13: Community Engagement
Community Engagement 13
Slide 14: Gawler Iron Project
Gawler Iron Project • Recently moved to 90% of the iron rights • Average in situ grades ~25% iron, with higher grade zones of ~36% iron • Metallurgical study of several composite samples indicates excellent beneficiation characteristics with average concentrate specification range of: 67-71% Fe (p80
Slide 15: Corporate Snapshot
Corporate Snapshot Major Shareholders Management 35.0% • The Sentient Group Larry Ingle General Manager Alan Millet Infrastructure Manager 8.0% • Management Fop Vanderhor Gawler Project Manager 7.2% • Columbia University Jeff Reilly Marketing Manager Laura Johnston Regulation & Approvals Mgr 6.2% •
Slide 16: Future Growth and Development Pathway
Future Growth and Development Pathway Additional Resource definition, with Stage VII drilling underway Offtake and finance partnership discussions underway Definitive Feasibility Study (DFS) underway Central Eyre Iron Project 16
Slide 17: On the Road to Production
On the Road to Production Subscribe to alerts online www.ironroadlimited.com.au
Slide 18: Appendices
irony J Oa ee Appendices
Slide 19: Appendix – CEIP Resource Statement
Appendix 1 – CEIP Resource Statement Central Eyre Iron Project Global Mineral Resource Estimate Tonnes Fe SiO2 Al2O3 P LOI Location Classification (Mt) (%) (%) (%) (%) (%) Murphy South Indicated 1,108 16.0 53.2 12.9 0.08 0.4 Inferred 668 16.4 52.7 12.8 0.08 1.3 Boo-Loo Inferred 328 17.3 52.4 11.5 0.