Slide 1: Presentation on Mt Gibson Magnetite Project
ae o . & pv VN Mount Gibson fron VIA: WWW.ASX.ONLINE.COM 1 June 2005 The Manager Company Announcements Australian Stock Exchange Limited Level 10, 20 Bond Street SYDNEY NSW 2000 Mount Gibson Iron Limited ABN 87 008670817. First Floor, 7 Havelock Street West Perth 6005, Western Australia PO Box 55, W
Slide 2: Mt Gibson Magnetite Project
MOUNT GIBSON IRON LIMITED MT GIBSON MAGNETITE PROJECT 1 June 2005 Mount Gibson fron
Slide 3: Resource Locations
Existing Shiptoading Factiitios (50,000 - 69,000087) Va kegond Re aac Fa sane al ‘aa pein Core SCALE 17 SOU GODG! M4 AMG) Zi ‘carnaman Rn oP ‘sre ‘vaigoo eke NOUNT GIBSON IRON GROUP RESOURCE LOCATIONS Brawn Es Tate SOROS Revieest B Johnson Tete 01-00 Ding NO. ge 00 dam, Resource Locations EXTENSION
Slide 4: Project Elements
PROJECT ELEMENTS MINE DEVELOPMENT MGI and Chinese Partner will invest approximately $300 million for development of the Extension Hill mine and process plant to produce 5.0Mtpa magnetite concentrate SLURRY PIPELINE MGI and Chinese Partner will invest approximately $300 million to construct water sup
Slide 5: Total Investment in Western Australia $640 million
TOTAL INVESTMENT IN WESTERN AUSTRALIA $640 million INVESTMENT IN CHINA FOR 5.0MTPA PELLET PLANT $110 million TOTAL PROJECT INVESTMENT $750 million Funding for MGI Group Equity in Mine and Pellet Plant Cash Reserves Sale of 50% interest in Mt Gibson magnetite deposits Option conversion October 2005 R
Slide 6: Project Layout and Geology
= eine Stiaine4 ‘ftotiné Felsic: Granite were air Fault Dyke Topographic Contour (mi 8HD} szarecan ere qnane| # — f = es SCALE 1: 40:00 at Ad (hi : 4 ee 1 é he be fe MT GIBSGN MAGNETITE PROJESTS: Drawn: B. Johnson Date: 0302.05 a a a fas PROJECT LAYOUT AND GEOLOGY — — Date! S1-05.98 — Mount Gibson f
Slide 7: Project Timetable
PROJECT TIMETABLE Completion Feasibility Study Order long lead Plant and Equipment Commence Engineering Commence Construction Commence Prestripping Commission Mine Commission Pellet Plant October 2005 October 2005 October 2005 March 2006 April 2006 February 2007 March 2007 ee oO, & y Vv VN Mount Gib
Slide 8: Pellet Plant
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Slide 9: Mount Gibson Iron Group Corporate Structure
MOUNT GIBSON IRON GROUP CORPORATE STRUCTURE MT GIBSON MAGNETITE PROJECT 63% increasing to 75% Pipelines Port Facilities + Water Supply Tathra - Mt Gibson + Geraldton + Slurry Mt Gibson - Geraidion + Return Water Geraldton - Mt Gibson + Gas DBNGP — Mt Gibson A a 50% 50% Hematite s + Tallering Peak %