Fenix Resources Limited · ASX:FEX
Fenix Resources — Resources Rising Stars Investor Presentation (December 2019)
18 slides from Fenix Resources's conference presentation, Dec 4, 2019
Slide 1: Iron Ridge Project – Resources Rising Stars Investor Presentation
For personal use only IRON RIDGE PROJECT R E S O U R C E S R I S I N G S TA R S I N V E S T O R P R E S E N TAT I O N 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 274.0m Volume (m) ClosePrice 14 300 Vendor Performance Shares 1 97.5m 12 Employee Performance Rights 1 19.3m 250 Daily ClosingPrice (cents pershare) Unlisted Options 2 59.0m 10 Daily Vol
Slide 6: 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 7: Iron Ridge Project: High Grade Iron Ore Project in the Midwest
Iron Ridge Project High Grade Iron Ore Project in the Midwest For personal use only • Fenix acquired the right to 100% of the project in May 2018 and completed the transaction in November 2018. • Commenced a maiden drill campaign in November 2018, further drilling took place in June/July 2019 and an
Slide 8: Feasibility Study Highlights
Feasibility Study Highlights The Feasibility Study (“FS”) reveals a high-grade and high- Operating Metric Unit Feasibility Study For personal use only quality Project that provides strong returns over a moderate mine life Processing Capacity Mtpa 1.25 Average Strip Ratio Waste:ore 2.86:1 Total Miner
Slide 9: Geology & Mining
Geology & Mining • Mineralisation at Iron Ridge starts at surface and plunges For personal use only gently to the south-west along strike with the deepest mineralisation intersected 230m below surface • Consistent high grades recorded in the main BIF after 20- 40m hard cap mineralisation (minor elev
Slide 10: Simple Processing
Simple Processing • Low deleterious elements, well within acceptable limits For personal use only • No beneficiation is required • Anticipated to produce premium >65% Fe lump and >63% Fe fines products (25-30% lump) • Processing plant is mobile, modular and consists of: ̶ two-stage crushing circuit
Slide 11: Capital & Operating Expenses
Capital & Operating Expenses For personal use only Capex Opex Pre Start-up Commercial Year 1 Capital Capital Cost (A$m) Initial Capex Total Capex Operating Cost (A$/dmt) LOM Average Cost Capital Cost Production Cost Cost Roads 2.76 - 2.76 1.89 4.65 Mining & Processing 20.87 Infrastructure Pads 0.33
Slide 12: Infrastructure Path
Infrastructure Path Low Capex contract mining & For personal use only trucking concept facilitated by key project characteristics Good Roads Sealed highway runs within ~15km of project. 490km (by road) to Geraldton Port Trucking Joint Venture Fenix formed a strategic alliance, via a 50/50 JVC, with
Slide 13: Project Development Progress
Project Development Progress For personal use only (Jan-Feb 2019) (June 2019) (Nov 2019) Drill results Co-operation Feasibility Study demonstrate agreement with Confirms Iron excellent grade Mid-West Port (Sept 2019) Ridge as an (May 2019) CSIRO test work Excellent Project Trucking JV shows Excellen
Slide 14: Annexures
For personal use only Annexures 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 15: Iron Ore Pricing
Iron Ore Pricing Iron Ridge production attracts a premium Iron Ore price given its excellent quality For personal use only Iron Ore Price (CFR Qingdao) Total Chinese Iron Ore Port Inventory (Mt) 62% CFR Qingdao Equivalent (US$/dmt) 65% CFR Qingdao Equivalent (US$/dmt) $140 140 $130 135 $120 130 $110
Slide 16: Mineral Resource & Ore Reserve
Mineral Resource & Ore Reserve ✓ Resource update in August 2019 delivered a For personal use only Tonnes Fe Al2O3 LOI P SiO2 TiO2 significant increase in overall Resource Mt % % % % % % confidence, with the Indicated Mineral Resource Indicated 10 64.3 2.56 1.9 0.046 3.21 0.09 increasing by 51% Infer
Slide 17: Grade – Tonnage Curve
Grade – Tonnage Curve • Historical resource estimate used a lower For personal use only cut-off of 50% Fe 2019 Updated Mineral Resource Estimation – Grade/Tonnage • The updated mineral resource estimate has been reported at a higher cut-of grade of 58% Fe • This cut off grade was selected as it pres
Slide 18: For personal use only
For personal use only 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 )
Fenix Resources — Resources Rising Stars Investor Presentation (December 2019) on 6ix