Gwr Group Limited · ASX:GWR
Gwr — Shareholder Meeting (November 2013)
23 slides from Gwr's shareholder meeting presentation, November 2013
Slide 1: Annual General Meeting
Annual General Meeting November 2013
Slide 2: AGM – Resolutions
AGM – Resolutions Resolution 1 “That for the purposes of section 250R(2) of the Corporations Act, the Remuneration Report for the financial year ended 30 June 2013 be adopted.” For Against Abstain Discretionary Excluded 95,051,567 762,324 23,295,132 82,795 29,737,898 Resolution 2 “That for the purpo
Slide 3: Craig Ferrier – Chief Executive Officer
Craig Ferrier – Chief Executive Officer
Slide 4: Regulatory and Compliance
Regulatory and Compliance Disclaimer This presentation contains reference to certain plans of Golden West Resources Limited which may or may not be achieved. The performance and operations of Golden West Resources Limited may be influenced by a number of factors, uncertainties and contingencies many
Slide 5: Project Interests
Project Interests Iron Ore Development Project – Wiluna West Iron Ore Advanced Gold Project – Wiluna West Gold Iron Ore Exploration Projects – Woodley Iron Project – Earaheedy Iron Project Equity investments – West Peak Iron Limited (19.9%)
Slide 6: Transition from Explorer to Producer
Transition from Explorer to Producer
Slide 7: Transition from Explorer to Producer “The Big Picture”
Transition from Explorer to Producer “The Big Picture” • Wiluna West Iron Ore • Factors for success • The Challenge • Opportunities • Our focus • What we have done • JWD Mining Project • Completing the transition
Slide 8: Wiluna West Iron Ore - Recap
Wiluna West Iron Ore - Recap Direct Shipping Ore (DSO) hematite iron ore Mineral Resource Estimate of 130Mt @ 60% Fe Mineral Reserve Estimate of 69.2Mt @ 60.3% Fe DSO lump and fines products 672km by public road to Geraldton Port 970km to Esperance Port (including 320km public road to ra
Slide 9: Factors for Success
Factors for Success DSO hematite mineral Volume - 130Mt Mineral Resource Grade – 60% Fe High lump ore yield Low impurities Mining Approval – high grade start up mine Product definition – JWD lump and fines Low capex start-up EPA clearance – large scale mining (long
Slide 10: The Challenge(s)
The Challenge(s) Overall distance to port Availability of long term port storage facilities and export allocation Geraldton is an immediate option but constrained whilst Esperance is a future prospect Transport costs (mine-to-port and shipping) Price stability to support Final Investment D
Slide 11: Opportunities for GWR
Opportunities for GWR Increased demand for high quality lump ores from China as pollution controls tighten Increases in Chinese lump premium continue – Platts assess at US$0.295/dmtu which equates to ~13% premium over spot price of US$135/DMT As steel production progressively moves to China’s
Slide 12: Our Focus
Our Focus Premium product(s) to maximise revenue per tonne of ore shipped and in turn, operating margin Tailored transport and logistics solutions Minimise capex to deliver a superior return on investment despite relatively high operating costs Maintain flexibility to adapt to market changes
Slide 13: What We Have Done to Achieve This
What We Have Done to Achieve This Identified genuine opportunity to commence operations by shipping out of Geraldton Port Engaged with GPA and other port users to facilitate access (discussions ongoing) Identified haulage route solution that presents as viable both operationally and commercial
Slide 14: JWD Mining Project
JWD Mining Project Start up operations based on existing 3Mt Mining Approval – initially 1Mtpa but capable of being increased as required Completed lump and sinter test work with very positive results Engaged with steel mills in Japan, Korea and Taiwan as well as China and traders Optiro min
Slide 15: JWD Mining Approval
JWD Mining Approval In April 2012, the WA Department of Mines and Petroleum approved the mining proposal for the John William Doutch (JWD) high grade deposit Mining Approval concerns 3 million tonnes @ 1Mtpa Classification Tonnes (Mt) Fe (%) SiO2 (%) Al2O3 (%) LOI (%) P (%) JWD Hematite Measured
Slide 16: JWD Product Chemistry
JWD Product Chemistry Typical Chemical Analysis: Typical Chemical Analysis: (JWD Lump -31.5mm/+6.3mm) JWD fines (-6.3mm) Component Component Fe (Calcined) 65.7 Fe (Calcined) 62.7 Fe (Natural) 63.5 Fe (Natural) 61.7 SiO2 3.7 SiO2 5.8 Al2O3 1.6 Al2O3 2.9 P 0.02 P 0.03 LOI 3.4 LOI 2.7
Slide 17: Completing the transition
Completing the transition Finalise commercial arrangements for port access Optimise mine plans to achieve preferred low cost start up option and production schedule Progress approvals and permits for road upgrades and haulage Commence project execution phase – procurement and contracting
Slide 18: We Will Also…
We Will Also… Continue to advance regional exploration at Woodley and Earaheedy on a measured basis Oversee and contribute to West Peak Iron’s exploration and development activities in Liberia and seek out opportunities Pursue opportunities to monetise our gold asset (Resource Estimate of 3.5M
Slide 19: The Year in Review
The Year in Review Lodged Section 38 Geraldton transport Completion of Large-Scale study completed Entitlements Issue Mining Referral and determined as Optiro mining raises $7.2m study with EPA viable option Commercial Investment in JWD Resource discussions re WA Govt gives Geraldton Port 2nd phase
Slide 20: Corporate Snapshot
Corporate Snapshot Issued Securities Board and Senior Management Ordinary Shares (GWR) 240M Gary Lyons – Non-executive Chairman Issued Options 25M Tan Sri Dato’ Tien Seng Law – Deputy Chairman Datuk Chin An Lau – Non-executive Director Major Shareholders Kong Leng Lee (Jimmy) – Non-executive Directo
Slide 21: JORC Resources and Reserves
JORC Resources and Reserves Classification Tonnes (Mt) Fe (%) SiO2 (%) Al2O3 (%) LOI (%) P (%) DSO Measured 3.7 59.6 7.8 2.5 4.0 0.09 Hematite Resources Indicated 77.2 60.3 7.4 2.4 3.6 0.05 Inferred 49.5 59.7 7.3 2.4 3.9 0.05 Total 130.3 60.0 7.4 2.4 3.6 0.06 Classification Tonnes (Mt) Fe (%) SiO2 (
Slide 22: Further Information
Further Information Craig Ferrier Chief Executive Officer Golden West Resources Limited T +61 8 9201 9202 M +61 417 183 269 E craigf@goldenwestresources.com Suite 4, 138 Main St Osborne Park WA 6017 www.goldenwestresources.com ASX Code: GWR
Slide 23: GWR
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