Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — Investor Presentation (June 2021)
13 slides from Magnetite Mines's investor presentation, Jun 21, 2021
Slide 1: Magnetite Mines: High Grade Iron Ore Concentrate, Unlocking value
For personal use only MAGNETITE MINES High Grade Iron Ore Concentrate Unlocking value
Slide 2: Disclaimer
DISCLAIMER For personal use only Important Notice The purpose of this presentation is to provide general information about Magnetite Mines Limited ("MGT"). It is not recommended that any person makes any investment decision in relation to MGT based on this presentation. This presentation contains ce
Slide 3: Corporate Overview
Corporate Overview For personal use only Capital Structure Shares M 3,040 12 Month Share Price Performance Unlisted Options M 106 (various – avg. $0.03) Selective Mining announcement M (19/8/20)1 Listed Options 298 ($0.05, 29/10/2021) Share price (18 June 2021) M A$0.07 Market capitalisation (18 Jun
Slide 4: Well funded, progressing & now on the institutional radar
Well funded, progressing & now on the institutional radar For personal use only • May 2021 – raised $7m before costs at premium to market2 • 120.8m shares issued to institutional investors • Two new resource focussed institutions joined the register • Issue priced at a premium to the 5 day VWAP • Op
Slide 5: Supportive jurisdiction and access to existing infrastructure
Supportive jurisdiction and access to existing infrastructure For personal use only • Proximity to Adelaide and existing infrastructure • 240km NE of Adelaide within the Braemar Iron Formation • Close to existing grid power, open access rail, iron ore export ports and groundwater sources 5
Slide 6: Hard dollar ESG credentials…emissions matter today
Hard dollar ESG credentials…emissions matter today For personal use only • Steel production remains a CO2 and energy-intensive activity. The World Steel Association released a policy paper, Climate change and the Production of Iron and Steel in May 2021 • “The decarbonization drive in the steel indu
Slide 7: Increased resource confidence – now 50% JORC Indicated
Increased resource confidence – now 50% JORC Indicated For personal use only • Razorback Iron Project, May resource upgrade4 (JORC 2012) delivered 50% of total resource in the Indicated category JORC Million Mass Re Fe% SiO2% Al2O3% P% LOI% Magnetite % Classification Tonnes (eDTR%) (dry) Indicated 1
Slide 8: PFS Well Advanced – Expertise in the Braemar Iron Formation is increasing
PFS Well Advanced5,6 – Expertise in the Braemar Iron Formation is increasing For personal use only • Environmental & Stakeholders – Ecological Australia • Geology & Geophysics – MBGS, GRS & Richard Harmsworth • Mining – Orelogy & MGT – Large tonnage with low strip ratio • Processing – Hatch & Dr Ric
Slide 9: An experienced MGT technical team and recognised external expertise
AN EXPERIENCED MGT TECHNICAL TEAM AND RECOGNISED EXTERNAL EXPERTISE For personal use only Mark Eames – Technical Director Stephen Weir B.Eng Hons (Mech), Grad Dip. Appl. Fin. SIA – Chief Development Officer Mr Eames has a successful track record in the global minerals industry in exploration, Trevor
Slide 10: Muster Dam – Exploration upside and a logical addition
Muster Dam* – Exploration upside and a logical addition For personal use only • The project is located in the same Braemar Iron Formation and leverages Magnetite Mines’ deepening expertise in this formation • The Muster Dam Iron Project tenement 7 is approximately 110km NE of Razorback and circa 40k
Slide 11: Delivering Value for Shareholders
Delivering Value for Shareholders For personal use only • Large scale resource located in in low risk, supportive region • 3 billion tonne resource amenable to simple processing to produce a high grade, high quality, low impurity product • PFS well advanced, builds on 2019 Scoping Study8 - funded be
Slide 12: References – ASX Releases
References – ASX Releases For personal use only 1. 19/08/2020 – Selective Mining 2. 7/05/2021 – Commitments to Raise $7 Million 3. 7/06/2021 – Result of MGTOC Option Conversions 4. 24/05/2021 – Razorback High Grade Iron Ore Concentrate Project Mineral Resource Upgrade 5. 17/12/2020 – Pre Feasibility
Slide 13: For personal use only
For personal use only