Surefire Resources Nl · ASX:SRN
Surefire Resources Nl — Investor Presentation (February 2022)
18 slides from Surefire Resources Nl's investor presentation, Feb 14, 2022
Slide 1: Perenjori Premium Grade Iron Project
INVESTOR PRESENTATION 14 FEBRUARY 2022 Perenjori Premium Grade Iron Project Low carbon, premium iron in the right place ASX : SRN SRNOC MFlis Feb2022
Slide 2: Cautionary Statement
Cautionary Statement The Exploration Target referred to in this announcement, being conceptual in nature, takes no account of geological complexity, possible mining method or metallurgical recovery factors. The Exploration Target was estimated in order to provide an assessment of the potential scale
Slide 3: High grade, fossil free iron concentrate
High grade, fossil free iron concentrate Long mine life resource Premium product & price Sustainable mining In a stable jurisdiction Adjacent to existing rail Positive Scoping Study Close to bulks port Emissions free Access to HV power lines Secure title ASX : SRN SRNOC
Slide 4: In the heart of the Mid West
In the heart of the Mid West One of the closest large magnetite resources to the coast in Western Australia Rail lines to the north and to the southwest Rail distance directly to Geraldton bulk commodities port ~135km directly west to coast High voltage transmission line 5km to the north west In an
Slide 5: Over 1Bt targeted to add to 200Mt resource
Over 1Bt targeted to add to 200Mt resource Hosted in a high-iron banded iron formation in a syncline of sedimentary schist host Over 47 strike kilometres of bif in 100% owned tenement BIF outcrops and forms ridges – low stripping ratio expected Less than 25% of this strike length drilled for an Infe
Slide 6: Thick zones of high grade banded iron fm
Thick zones of high grade banded iron fm BIF beds are up to 80m thick Average resource grade is higher than standard WA bifs: 36.6% Fe in the resource with zones of up to 56% Fe Typically forms ridges, a low the strip ratio of less than 2:1 (waste:ore) has been estimated Competent host rock minimise
Slide 7: Grade & transport distance are critical
Grade & transport distance are critical Transport distance is key to economic production of a bulk 38 Perenjori commodity 36 Extension Hill Head grade relates directly to Karara tonnes mined to produce a tonne of 34 Koolanooka product Fe% 32 Cashmere Unlike some others, both these Magnetite Range Mt
Slide 8: Compelling Metallurgy
Compelling Metallurgy1 Faction Fe % SiO2 % Al2O3 % P% S% Mass Recovery % Head 37.32 40.93 1.01 BD 0.22 100 106µm 64.57 9.10 0.06 BD 38.9 75µm 67.95 4.96 0.03 BD 36.0 45µm 69.62 2.38 0.02 0.004 0.34 34.6 Grind size of 45µm produces a ultra high grade iron concentrate A 75µm grind produces a premium g
Slide 9: Standard concentration methods = low risk
Standard concentration methods = low risk Primary and secondary circuits are industry standard Evaluating HPGR to decrease costs and increase production rate Potential for dry cobbing to reduce OPEX subject to testing Simple 2 stage LIMS magnetite recovery Standard equipment Low implementation risk
Slide 10: Conceptual Study highlights project economics
Conceptual Study highlights project economics Conceptual study has returned very encouraging results Strong market conditions and outlook for premium grade magnetite support planning for a Scoping Study in preparation for a Prefeasibility Study Strategy is to embark on a +10Mtpa magnetite concentrat
Slide 11: 2.5Mtpa base case underpins 10Mtpa target
2.5Mtpa base case underpins 10Mtpa target Two cases considered by Scoping and Conceptual Studies Economic feasibility of 2.5Mtpa case supports the 10Mtpa case with economies of scale Parameter 10Mtpa Option 2.5Mtpa Option1 Head grade 36.6% 36.6% Magnetite recovery to concentrate 85% 85% Ore:concentr
Slide 12: Choice of two transport solutions
Choice of two transport solutions 1. 2. Existing rail to Geraldton Port Slurry pipeline to floating or new port option Rail/Geraldton Port solution for 2.5Mtpa Slurry pipeline solution for 10Mtpa start up option production option 11km SE to Perenjori siding 135km west to the coast that could be 16km
Slide 13: ASX : SRN SRNOC
ASX : SRN SRNOC
Slide 14: Leading the industry into green iron
Leading the industry into green iron A “next age” mine based on renewable power, automated and robotic processes,and fully integrated control systems Powered by renewables: well within scope of installations being built at mine sites now Delinking energy from CO2 emissions means this project will be
Slide 15: Innovative and sustainable: key drivers
Innovative and sustainable: key drivers Responsible mining practices with minimal impact on the environment through: Adoption of next age mining technologies Development of whole of life materials flow to minimise legacy landforms (waste and tailings dumps, open cuts) Contemporaneous rehabilitation
Slide 16: Development schedule & budget
Development schedule & budget Drill out to Measured Resource: $2M Year 1 Environmental and land access: $1M Year 1 Permitting to Mine Lease level: $0.1M Year 1 PFS start: $1M Year 1-2 PFS completed: $1M Year 2-3 Environmental, water studies: $1M Year 1-2 DFS: $6M Year 2-3 Approvals: $0.2M Year 2 ASX
Slide 17: Perenjori Iron: a new style mine for a new age
Perenjori Iron: a new style mine for a new age LARGE SCALE Over 1Bt resource target at superior grade to peers IDEAL LOCATION Within 12km of rail and power – closer to port than peers HIGH GRADE Resource of 36.6% Fe is exceptional for BIFs and higher than its peers PREMIUM PRODUCT 67 – 70% Fe concen
Slide 18: Contact
Contact Vladimir (Roger) Nikolaenko Executive Chairman /Managing Director Suite 10 100 Mill Point Road South Perth WA 6151 +61 8 6331 6330 info@surefireresources.com.au www.surefireresources.com.au ASX : SRN SRNOC
Surefire Resources NL — Investor Presentation (February 2022) on 6ix