Slide 1: An Emerging Iron Ore Producer
May 2009 An emerging Iron Ore Producer Producer… Mark Papendieck Managing g g Director
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes certain “forward looking statements.” All statements, other than statements of historical fact, are forward looking statements that involve various risks and uncertainties. There can be no assurances that such statements will prove accurate and a
Slide 3: Overview
Overview A Focused Carbon Steel Strategy in Brazil… Iron Ore • Strong domestic demand • Focus in/around Brazil’s “Iron Quadrangle” – Targeting low Capex (<US$4-8m), low Opex (< Brazil $ US$7-10/tonne) ) itabirite p projects j – Initially targeting 1Mtpa across two operations • Emerging production –
Slide 4: Brazil...an emerging powerhouse
Overview Brazil…an emerging powerhouse • Latin America’s largest economy • Rapidly growing population (~200 million) • ‘BRIC’ economy – well placed to withstand Brazil global economic downturn • growth of ~3.5% predicted in 2010 • Resource-rich and ‘pro-mining’ p g legislation g • Mining industry ge
Slide 5: Development Strategy
Development Strategy Centaurus will capitalise on this favourable domestic environment through: • Developing projects around established infrastructure • State of Minas Gerais accounts for 37% of Brazil’s steel production • Strong domestic demand from miners and smelters for high-grade product • Ita
Slide 6: Itabirite Ore
Itabirite Ore… A major source of iron ore production in Brazil… • Metamorphosed iron formation composed of iron oxides with abundant quartz • Iron Quadrangle itabirites typically comprise hematite • Lower ROM grade than other sources of hematite (averaging 30-50% Fe) • Well suited to beneficiation •
Slide 7: Itabirite Ore...
Itabirite Ore... C> CENTAURUS
Slide 8: Project Locations
Project Locations Monjolos DIAMANTINA Serra do S d Zoom into new map p ex Brazil Ponte de Bicho designer… Pedra CURVELO Guanhães Large City Conceição ç do Mato Dentro Minas-Rio Minas Rio Project Town Morro do Pilar Project Highway Ferros Road Itambe Passabem Railway Passabem Major Iron Ore Mine Sete
Slide 9: Near-Term Production
Near-Term Production Itambé Iron Ore Project • Strategic location – NE of Iron Quadrangle • Flat-lying iron formation confirmed in 2008 • Ore can be beneficiated to high-grade g g sinter feed pproduct (67.7% Fe) • Potential for initial trial mining production (300,000t) in 2H 2010 • Focus on convert
Slide 10: Liberdade Project
Liberdade Project • JORC Resource of 5.31Mt 3 • Negotiations underway to consolidate 100% interest or • Mining Lease in place divest stake to focus on other • Earning up to 60% opportunities opportunities… Liberdade ROM Fe% SiO2% P% Al203% Mn% 37 43.52 0.03 2.21 0.02 Upgradeable to: F % Fe% SiO2% P%
Slide 11: Manganese Exploration
Manganese Exploration • Seeking to define significant primary and hydrothermal Mn mineralisation at Ponte de Pedra-1 & 2 • Encouraging early exploration results: – Prospective IP anomalies identified throughout survey area – Primary Mn outcrops – High grade rock chip results • Currently drilling key
Slide 12: Company Structure
Company Structure @ 7th May 2009 Shares on issue 34,435,396 /Mgmt /Founders /Mgmt /Founders Unlisted Options 8 589 924 8,589,924 Market AU $13.4m Capitalisation 18% Share Price AU $0.39 Listed 10 August 2007 24% 58% 12
Slide 13: Summary
Summary Our 18 month growth plan… Iron Ore • Rapid, low cost path to production • Continued resource growth through: – exploration drilling of 100% owned projects – acquisition of near-production assets within Iron Quadrangle Manganese • Resource definition at Ponte de Pedra • Working to secure a se
Slide 14: The Board
The Board Darren Gordon Richard Hill Mark Papendieck Chairman Exec Director Managing Director 15 years experience in financial 16 years resource industry Ten years of senior executive reporting in capital markets and experience as both a solicitor and experience including CEO, COO and the resources
Slide 15: Contacts
An Emerging Iron Ore Producer Contacts: Darren Gordon darren.gordon@centaurus.com.au Mark Papendieck mark@centaurus com au ℡ +55 31 9244 1374 mark@centaurus.com.au Richard Hill richard@centaurus.com.au