Fenix Resources Limited · ASX:FEX
Fenix Resources — Global Iron Ore and Steel Forecast Conference (March 2019)
18 slides from Fenix Resources's conference presentation, Mar 21, 2019
Slide 1: Fenix Resources Limited - Iron Ridge Project
For personal use only FENIX RESOURCES LIMITED IRON RIDGE PROJECT PREMIUM GRADE IRON ORE F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 2: Important Disclosure
Important Disclosure Disclaimer For personal use only • The material in this presentation has been prepared by Fenix Resources Limited (“Fenix”) and is general background information on Fenix. This information is given in summary form and does not purport to be complete. Information in this presenta
Slide 3: Company Overview
For personal use only Company Overview F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 4: Corporate Strategy
Corporate Strategy Ideally placed to generate value from a high quality project For personal use only Aim to supply premium- Plan to commercialise grade products to the Iron Ridge and build a steel industry trusted customer base Focused management and Board of Directors with industry specific and co
Slide 5: Corporate Overview
Corporate Overview Share Price History For personal use only Capital Structure & Pricing Ordinary shares on issue 212.9m 300 0.08 Vendor Performance Shares 1 112.5m Employee Performance Rights 1 19.8m 0.07 250 Unlisted Options 2 59.0m 0.06 Share Price (19 March 2019) A$0.065/sh Market capitalisation
Slide 6: Iron Ore Market Dynamics
For personal use only Iron Ore Market Dynamics F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 7: Buoyancy in Iron Ore Pricing
Buoyancy in Iron Ore Pricing Premium Iron Ore Prices have been strong For personal use only MB 65% Fe versus Platts 62% Fe Monthly Averages 110 45.00% 40.00% 100 35.00% 90 30.00% 80 25.00% 70 20.00% 15.00% 60 10.00% 50 5.00% 40 0.00% Jul-16 Jul-17 Jul-18 Nov-18 Apr-18 Jun-16 Nov-15 Apr-16 May-16 Nov
Slide 8: Structural Change Favours High Grade Ore
Structural Change Favours High Grade Ore • Premium Iron Ore Market is applicable For personal use only • Environmental policies in China have created a structural change which favours high grade ore • Lower supply from Brazil also a factor • Noticeable shift toward quality projects and widening prem
Slide 9: Iron Ridge Project
For personal use only Iron Ridge Project F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 10: Iron Ridge Project
Iron Ridge Project High Grade Hematite Iron Ore Project in the Midwest For personal use only • Fenix entered into an agreement to acquire the project in May 2018 for only $1m in shares • Identified that it has significant potential to host a small mining operation that produces high quality product
Slide 11: Location, Tenure & Infrastructure
Location, Tenure & Infrastructure Low Capex contract mining & trucking concept facilitated by key project characteristics For personal use only Good Roads Excellent Tenure Sealed highway runs within 100% owned Granted mining ~15km of project. 490km (by lease (M20/118) valid until 2030. road) to Gera
Slide 12: Favourable Geology
Favourable Geology • Mineralisation plunges gently to the south-west along strike For personal use only • Deepest mineralisation intersected is at 230m beneath surface • Consistent high grades recorded in the main BIF after 20-40m hardcapped mineralisaiton (minor elevated alumina and silica) • No is
Slide 13: Excellent Mineral Resource Upgrade
Excellent Mineral Resource Upgrade ✓ High grade overall For personal use only Tonnes Fe Al2O3 LOI P SiO2 TiO2 Resource at 64.1% Fe Category Stratigraphy Mt % % % % % % ✓ Main BIF higher grade Indicated Main BIF 5.9 65.0 2.38 1.36 0.038 2.92 0.09 ✓ indicated portion Indicated Little BIF 0.7 60.0 3.60
Slide 14: Grade – Tonnage Curve
Grade – Tonnage Curve • Historical resource estimate used For personal use only 2019 Updated Mineral Resource Estimation – Grade/Tonnage a lower cut-off of 50% Fe 12 72.0 Tonnes Millions Fe % • The updated mineral resource 11 70.0 10 estimate has been reported at a 68.0 9 higher cut-of grade of 58%
Slide 15: Successful Confirmation Drilling
Successful Confirmation Drilling For personal use only Hole ID From (m) To (m) Width (m) Fe (%) Al2O3 (%) P (%) SiO2 (%) LOI (%) IR001 36 87 51 63.93 2.99 0.06 3.37 1.8 IR002 79.3 137.5 58.2 66.58 1.85 0.03 2.23 1.05 IR003 159.2 182.2 23 67.83 1.21 0.02 1.52 0.75 IR004 91 161 70 64.41 2.63 0.05 3.14
Slide 16: Capex / Opex Considerations
Capex / Opex Considerations CAPEX requirement is expected to be modest due to: For personal use only • No additional port infrastructure required as Geraldton Port currently has abundant surplus capacity for ore storage and ship loading • Existing sealed road used previously by Crossland Resources/M
Slide 17: Anticipated Newsflow
Anticipated Newsflow For personal use only ❖ Initial drill results – 17 January 2019 ❖ Final drill results – 23 January and 5 February 2019 ❖ Mineral Resource update (reported in accordance with the JORC code) – March 2019 ❖ Metallurgical testwork results including lump to fines ratio, crushing inde
Slide 18: Fenix Resources Limited
For personal use only FENIX RESOURCES LIMITED www.fenixresources.com.au info@fenixresources.com.au F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
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