Iron Road Ltd · ASX:IRD
Iron Road — Metal Bulletin Iron Ore 2010
18 slides from Iron Road's conference presentation, Mar 30, 2010
Slide 1: Iron Road Limited - Delivering Iron Ore Opportunities
MetalBulletin re 2010" = y 7m ol Iron Road Limited Delivering Iron Ore Opportunities
Slide 2: Overview
For personal use only Overview • Staged approach to work • Progress of activities • Results • Chart shows entire trading history of the Company 2
Slide 3: Summary
Metal Events a MOTE 2070 Summary Pipeline of quality projects Large potential — Resource (110Mt) and exploration target (2.8-5.7Mt) Various products indicted by test work — DR feed or high iron BF Strategic and systematic approach to project development Favourable infrastructure strategy and locatio
Slide 4: Board and management team
For personal use only The Company has a distinguished Board and management team that are multidisciplinary and experienced in the areas of exploration, project development, mining and finance. 4
Slide 5: Iron Road
For personal use only Iron Road • Early in life cycle • Maiden Resource • Large potential • Large work programme for 2010 5
Slide 6: Pre-development project with excellent infrastructure nearby
For personal use only Pre-development project with excellent infrastructure nearby, complemented by advanced and early stage exploration projects projects. CEIP Pre-development magnetite project in South Australia, large scale and high quality iron concentrate potential West Gawler Significant tenem
Slide 7: Central Eyre Iron Project
For personal use only Pre-development magnetite project – Mineral Resource 110Mt High quality product – concentrate grade ~70% iron Large scale targets, substantial size with potential to underpin operation. Several transport options 1. 80km west to Elliston 2. 150km south to Tumby Bay and Sheep Hil
Slide 8: Three staged approach at the Central Eyre Iron Project
For personal use only Iron Road initially adopted a three staged approach at the Central Eyre Iron Project. Each stage is defined by a statement that through appropriate investigation and analysis is confirmed. 8
Slide 9: Three stage approach - Stage 1
For personal use only Three stage approach Stage 1 Determine potential concentrate specification across the deposit. • 32 holes; 4,465 metres of RC drilled • Magnetic and gravity surveys used to target mineralisation • Coarse g grained magnetite g average grain size 1½mm • High quality product poten
Slide 10: Central Eyre Iron Project - Three stage approach - Stage 2
Metal Events ronOre 2010 2010 E+) lta, Central Eyre Iron Project Three stage approach Stage 2 Ore body continuity and understanding — publish a Mineral Resource. Iron Road limited
Slide 11: Three stage approach - Stage 2
For personal use only Three stage approach Stage 2 Ore body continuity and understanding – publish a Mineral Resource. One RC drill rig and two diamond drill rigs Collins 7 holes 1042m B L Boo-Loo 27 hholes l 5958 5958m Boo-Loo met 1 hole 210m Total 35 holes 7210m 200m sections drilled over 1.7km (~
Slide 12: Metallurgical test work and process design
For personal use only • A high grade blast furnace quality concentrate (~68% Fe) may be readily produced at a coarse grind size (65-70µm) • Previous test work indicates that a high quality DRI concentrate (~70% Fe) may be produced at a 40µm grind • Process design demonstrates nearly two thirds of pl
Slide 13: Central Eyre Iron Project - Three stage approach - Stage 3
Metal Events ‘\ronjOre 2010 2010 E+) lta, Central Eyre Iron Project Three stage approach Stage 3 Determine potential size — justifying large scale. Iron Road limited
Slide 14: Exploration target and areas of high potential
For personal use only Will be used to support Concept studies Target generation (drilling) Community discussions Areas of high potential will be tested in 2010 14
Slide 15: Independence and potential partnerships
For personal use only • Iron Road remains independent at this time. • No urgency to sign up an end user • If an opportunity eventuates, that is good for shareholders and stakeholders, then the Company will consider it • Potential partnership to be the strongest possible 15
Slide 16: Work ahead - another staged approach
For personal use only Work ahead – another staged approach • Test global exploration target and expand mineral resource • Three drilling campaigns planned at CEIP Infrastructure • Options for materials handling, ports, power and water Scoping • Project size, plant design, marketing, resource expansi
Slide 17: Forward-Looking Statements
Eve 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 assumption
Slide 18: Summary
For personal use only Our p purpose p is to turn the p potential into reality y • CEIP – Aggressive resource expansion drilling in progress • West Gawler – Extensive drilling programme commenced for potential DSO • The past year has been successful for Iron Road, however this is the b i i beginning