Slide 1: Large Scale Iron Projects in West Africa
For personal use only Company Presentation February 2011 Large Scale Iron Projects in West Africa ASX: EQX
Slide 2: Disclaimer
DISCLAIMER For personal use only • This document should be read in conjunction with any public announcements and reports (including financial reports and disclosure documents) released by Equatorial Resources Limited. • This document has been prepared as a summary only, and does not contain all info
Slide 3: 100% Ownership of Two Potentially Large-Scale Iron Projects in Republic of Congo
100% OWNERSHIP OF TWO POTENTIALLY LARGE‐SCALE IRON For personal use only PROJECTS IN REPUBLIC OF CONGO Mayoko‐Moussondji Iron Project Multi‐billion tonne iron Exploration Target* Agreements A t signed i d withith railway il and d portt authorities Targeted production within short time frame ba
Slide 4: Central & West African Iron Ore: Production Pipeline
CENTRAL & WEST AFRICAN IRON ORE: For personal use only PRODUCTION PIPELINE The World’s next major iron ore province? 1 Potential to supply up to 25% of global supply by 2020 (>500Mtpa)* Steel manufacturers keen to source alternative cost competitive supply Iron ore is the “new gold” for majors
Slide 5: Central & West African Iron Ore: Existing Transport Infrastructure
CENTRAL & WEST AFRICAN IRON ORE: For personal use only EXISTING TRANSPORT INFRASTRUCTURE Transport infrastructure (rail & port) is key to unlocking the regional potential 2 4 project areas with potential to be serviced by existing transport infrastructure Existingg rail and p port infrastructure
Slide 6: Republic of Congo (Congo Brazzaville)
REPUBLIC OF CONGO (“CONGO BRAZZAVILLE”) For personal use only Stable country attracting multi‐billion dollar investment Former French colony that celebrated 50 years of independence in August 2010 Rated equivalent in political risk to Mozambique and Kenya (Control Risks Survey 2009) Stable, si
Slide 7: Mayoko Moussondji Iron Project: Large Scale Potential, Close to Rail
MAYOKO MOUSSONDJI IRON PROJECT: LARGE SCALE POTENTIAL, CLOSE TO RAIL For personal use only Highly prospective geology Massif du Chaillu terrain hosts multiple large sedimentary iron ore deposits including Zanaga (Xstrata/MDP) Hematite rich weathered zones (“hematite caps”) sitting on top of larg
Slide 8: Mayoko-Moussondji Iron Project: Airborne Geophysics Identified 46km Strike
MAYOKO‐MOUSSONDJI IRON PROJECT: AIRBORNE GEOPHYSICS IDENTIFIED 46KM STRIKE For personal use only Airborne geophysics program The geophysical survey identified magnetic anomalies with a combined strike length in excess of 46km Five main target areas Makengui Prospect is 12km in strike length, u
Slide 9: Mayoko-Moussondji Iron Project: Hematite Cap: Potential for Direct Shipping Ore
MAYOKO‐MOUSSONDJI IRON PROJECT: HEMATITE CAP: POTENTIAL FOR DIRECT SHIPPING ORE For personal use only 9
Slide 10: Mayoko-Moussondji Iron Project: Potential for Direct Shipping Ore
MAYOKO‐MOUSSONDJI IRON PROJECT: POTENTIAL FOR DIRECT SHIPPING ORE For personal use only High Grade Rock Chip Assays 17 non systematic rock chip samples collected in August and September 2010 Returned assay grades of up to 61.6% Fe Results confirm the presence of supergene enriched hematite at
Slide 11: Mayoko-Moussondji Iron Project: Independent 2D and 3D Modeling of Geophysical Data
MAYOKO‐MOUSSONDJI IRON PROJECT: INDEPENDENT 2D AND 3D MODELING OF GEOPHYSICAL DATA For personal use only Multi‐Billion Tonne Exploration Target* Exploration Target estimated at 2.3 ‐ 3.9 BILLION TONNES* of iron mineralisation (grade 30% ‐65% Fe) comprising: Potential enriched “hematite cap”: est
Slide 12: Mayoko-Moussondji: Logging Roads Provide Access to Target Areas
MAYOKO‐MOUSSONDJI: LOGGING ROADS PROVIDE ACCESS TO TARGET AREAS For personal use only Accessibility The Project can be accessed via road, rail and air from the Company’s head office in Pointe Noire A network of logging roads exists throughout the Project area Roads in excellent condition. Will
Slide 13: Equatorial Resources Granted Access to Railway Line
EQUATORIAL RESOURCES GRANTED ACCESS TO RAILWAY LINE For personal use only Access to heavy haulage rail line secured In September 2010, the Company signed a conditional agreement with owner of the ROC railway system Le Chemin de Fer Congo Ocean (CFCO) Equatorial granted immediate access to the ra
Slide 14: Agreement Signed with Port Authority 2011
AGREEMENT SIGNED WITH PORT AUTHORITY 2011 For personal use only Agreement with Port Authority In January 2011, the Company signed an agreement with the Independent Port Authority of Pointe‐Noire (PAPN) Agreement commits both parties to the completion of a feasibility study for the use of the cur
Slide 15: Badondo Iron Project: Emerging Cluster of High Grade Projects
BADONDO IRON PROJECT: EMERGING CLUSTER OF HIGH GRADE PROJECTS For personal use only Prime location within an emerging cluster of large scale exploration projects Avima (Core Mining/Severstal): / 50km North Belinga (CMEC): 50km South Nabeba (Sundance Resources): 80km NE Mbalam (Sundance Resou
Slide 16: Badondo Iron Project: Airborne Geophysics Identified 22km Strike
BADONDO IRON PROJECT: AIRBORNE GEOPHYSICS IDENTIFIED 22KM STRIKE For personal use only Airborne geophysics program A comprehensive airborne geophysical survey was carried out at Badondo in December 2010 The survey identified magnetic anomalies l with h a combined b d strikek length l h in excess
Slide 17: Badondo Iron Project: High Grade Rock Sample Assay Results
BADONDO IRON PROJECT: HIGH GRADE ROCK SAMPLE ASSAY RESULTS For personal use only High Grade Rock Chip Assays A field program was conducted by BRGM in 2007 that included the collection of non‐systematic rock chip samples Returned assay grades of up to 64.7% Fe with low contaminants 17
Slide 18: Equatorial Resources: Next Steps
EQUATORIAL RESOURCES Next steps… For personal use only Mayoko‐Moussondji Iron Project Commence aggressive drilling program in Q1 Railway study Port study Badondo Iron Project Generate exploration target Commence environmental studies Design drill program 18
Slide 19: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS For personal use only Proven development experience in the resource sector • Highly respected resource company executive with significant experience in Ian Middlemas company building in emerging markets Non‐Executive Chairman • Currently Chairman of a number of ASX l
Slide 20: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM For personal use only Proven operation and development skills; finance and operating experience within major mining houses • Geologist with 30 years exploration and mining experience across a wide range of Roger Staley commodities and mineralisation styles Country/Explo
Slide 21: Corporate Structure
CORPORATE STRUCTURE For personal use only EQUATORIAL RESOURCES LTD (ASX: EQX) @ January 2011 F ll Paid Fully P id Ordinary O di Shares Sh 89 3 million 89.3 illi Market Capitalization Undiluted (@ A$3.50) A$312.6 million C h Cash A$32 0 million A$32.0 illi Unlisted Options (Various Expiry and Exercis
Slide 22: Equatorial Resources
EQUATORIAL Q RESOURCES For personal use only Two 100%‐owned potential large scale iron ore projects Emerging global iron ore province of West Africa Multi‐billion M lti billi ttonne iiron EExploration l ti TTargett* identified id tifi d att Mayoko‐ M k Moussondji. Aggressive drilling program t
Slide 23: Contact details
For personal use only ASX: EQX www.equatorialresources.com.au AUSTRALIA: Level 9, BGC Centre 28 The Esplanade Perth WA 6000 Australia Tel: +61 8 9322 6322 Fax: +61 8 9322 6558 CONGO BRAZZAVILLE: 221 Route De La Frontiere Quarter Tchimbamba Pointe‐Noire Republic of Congo UNITED KINGDOM: 18 Pall Mall