Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — Shareholder Meeting (November 2023)
20 slides from Magnetite Mines's shareholder meeting presentation, Nov 23, 2023
Slide 1: Chair Presentation
Chair Presentation Annual General Meeting November 23, 2023
Slide 2: Disclaimer
Disclaimer 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 makes June 2023 together w
Slide 3: Strategy & vision
Magnetite Mines(ASX:MGT) Strategy & vision 33
Slide 4: Corporate readiness to achieve strategy
Corporate readiness to achieve strategy Strengthened Board and Management with development in sights Board Management Jim McKerlie Chair of the Board Tim Dobson Chief Executive Officer BA Economics (Hons), Dip Fin Mgt, FCA, FAICD BAppSc (Ext.Metallurgy), GAICD, MAusIMM International CEO and public
Slide 5: Access to capital
Access to capital Securing funding in challenging equity markets $6.5 million raised in Rights Issue Assessing DFS funding options with potential strategic partners; due diligence in progress Considering JV opportunities to support Project capital development 5
Slide 6: The planets are aligning as anticipated by the company
The planets are aligning as anticipated by the company South Australia is leading the way to a future green iron economy Governments and corporations now committed to decarbonising steel Access to natural gas and green hydrogen now key investment drivers Supply of high-grade iron ore is the pr
Slide 7: CEO Presentation
CEO Presentation Annual General Meeting November 23, 2023
Slide 8: Magnetite Mines (ASX:MGT)
Magnetite Mines (ASX:MGT) Developing Razorback: Expansive, premium-grade iron ore project in a tier 1 location The Company The Opportunity Focused on 100% Rare, DR-grade iron Steelmakers are Supportive SA Substantial owned Razorback ore needed now looking now government re-rating potential Iron Ore
Slide 9: Increasing global steel demand is a certainty
Increasing global steel demand is a certainty Steel is critical to tackling climate change – Razorback is a supply chain critical link Despite ever-increasing demand, the world’s most Meeting the decarbonisation challenge depends largely on carbon-intensive industry must change new supply of high-gr
Slide 10: New premium-grade iron ore supply critical to transition
New premium-grade iron ore supply critical to transition Razorback Project positioned to meet urgent new demand 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 Hematite 69 Brazilian Hema
Slide 11: The emergence of green iron trade
The emergence of green iron trade Replacing coal with green hydrogen is changing the steel supply chain Transporting hydrogen is expensive, hazardous, inefficient and technically challenging H2 Using hydrogen where it is produced is a far better solution, creating value-add opportunities in source c
Slide 12: The South Australia advantage
The South Australia advantage Emerging as the heartland for Australia’s green steel future Attracting international investment Value adding Australia’s opportunity can be realised through collaboration and investment in green iron hubs Magnetite + Renewable Energy + Green Hydrogen Tier 1, geopoliti
Slide 13: Value Engineering progressing at pace
Value Engineering progressing at pace Outcomes continue to improve Razorback risk profile and economics Study Product Specification Water Power Determine optimal products for initial Determine optimum water supply configuration De-risk power solution Activity 5Mtpa production stage Metallurgical test
Slide 14: Razorback Project development advancing towards FID
Razorback Project development advancing towards FID Timing Stage 1 production to coincide with increasing demand & premiums Completed Optimisation Studies – commitment to 5Mtpa Stage 1 configuration Completed comprehensive metallurgical studies to DFS level – process flow sheet validated 2023 Def
Slide 15: Contact
Contact gemma.brosnan@magnetitemines.com +61 8 8427 0516 www.magnetitemines.com 15
Slide 16: References
References 1. ASX Announcement – 09/02/23 – Iron Peak Resource Significantly Improved 2. ASX Announcement – 22/11/22 - Muster Dam Mineral Resource Estimate 3. ASX Announcement – 22/03/23 - Razorback Iron Project Ore Reserves Increase 340% - Update 4. ASX Announcement – 09/06/23 - Iron Peak Deposit M
Slide 17: Appendix: Mineral Resources and Reserves
Appendix 1 Mineral Resources and Reserves 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 8.23 0.18 5.53 15.6 Sub-t
Slide 18: Chair's Address to the Annual General Meeting
ASX ANNOUNCEMENT 23 November 2023 CHAIR’S ADDRESS TO THE ANNUAL GENERAL MEETING Held on 23 November 2023 NOTE: Please refer to AGM Presentation announcement, released separately, for slide references. Slide 3 The role of steel in the industrial revolution and global urbanisation has been profound;
Slide 19: Chair's address: Slide 4
Slide 4 The Company has purposefully transformed over the past 2 years in readiness to become a major iron ore project developer and operator. Shareholders One of my priorities as incoming Chair is to improve shareholder experience. Our objective will be to do more to engage shareholders, use no
Slide 20: Chair's address: global steel supply chain change
There will be a fundamental change in the global steel supply chain as new DRI plants are co- located with hydrogen hubs to produce transportable reduced iron, a product known as HBI. These new “green iron hubs” and will become the centre of the green iron ore and steel industry. Think Port Piri
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