Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — Investor Presentation (September 2024)
21 slides from Magnetite Mines's investor presentation, Sep 3, 2024
Slide 1: Premium Iron Ore ... for steel sector decarbonisation
For personal use only Premium Iron Ore ... for steel sector decarbonisation September 2024
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE ADDITIONAL INFORMATION For personal use only The purpose of this presentation is to provide general information about This presentation should be read in conjunction with MGT’s Annual Report at 30 Magnetite Mines Limited ("MGT"). It is not recommended that any person make
Slide 3: Developing Razorback: Expansive, premium-grade iron ore project in a tier 1 location
Magnetite Mines (ASX:MGT) Developing Razorback: Expansive, premium-grade iron ore project in a tier 1 location The Company The Opportunity For personal use only Focused on 100% Rare, premium-grade Steelmakers are Supportive SA and Substantial owned Razorback Magnetite iron ore looking now Federal go
Slide 4: WHAT'S NEW: Recent Announcements
WHAT’S NEW: Recent Announcements Advancing funding, partnering and project de-risking 1. Heads of Agreement signed with JFE Shoji Australia (8 July 2024) For personal use only JFE Shoji Australia Pty Ltd (JFE) is a Group company of JFE Holdings, which incorporates JFE Steel, Japan’s second largest
Slide 5: Corporate overview
Corporate overview (ASX:MGT) Recent corporate transformation in readiness to develop project For personal use only Board Management Market Cap Jim McKerlie Chair of the Board Tim Dobson Chief Executive Officer BA Economics (Hons), Dip Fin Mgt, FCA, FAICD BAppSc (Ext.Metallurgy), GAICD, FAusIMM $25M
Slide 6: Challenging steel decarbonisation targets have been set
Challenging steel decarbonisation targets have been set Steel industry now committed and making transition investment decisions Steel industry produces 8% of global carbon emissions Major steel producer carbon reduction targets For personal use only Source: Company filings 1. by 2030 compared to 201
Slide 7: The transition away from coal has commenced
The transition away from coal has commenced Razorback to supply high-grade, low-impurity iron ore for replacement technologies Coal-using blast furnaces replacement to EAFs has commenced and forecast to accelerate For personal use only Iron ore grade required Feed Iron Making Steel Making Carbon emi
Slide 8: New premium-grade iron ore supply critical to transition
New premium-grade iron ore supply critical to transition Razorback Project one of very few projects globally positioned to meet new demand For personal use only Razorback >68% Fe concentrates positioned in DR-grade range* High-grade iron ore demand-supply gap to increase Exported Iron Ore – Fe Grade
Slide 9: Australia is now recognising the green iron opportunity
Australia is now recognising the green iron opportunity Realising the economic advantage of Australia’s world-leading renewables For personal use only The Malinauskas Labor Government will officially The Australian Government has identified green metals begin its search for partners to kickstart Sou
Slide 10: The South Australia advantage
The South Australia advantage SA is leading the way to a future green iron economy Attracting international investment Value adding For personal use only Australia’s opportunity can be realised through collaboration and investment in green iron hubs Magnetite + Renewable Energy + Green Hydrogen Tie
Slide 11: Razorback: Expansive, soft, outcropping iron ore
Razorback: Expansive, soft, outcropping iron ore South Australia’s Braemar Iron Formation – a globally significant magnetite province The Braemar advantage For personal use only Outcropping ore: very low strip ratio Iron Peak Siltstone-hosted iron ore, not BIF* Soft relative to WA magnetite or
Slide 12: Outstanding project location in the undeveloped Braemar
Outstanding project location in the undeveloped Braemar Close to potential future green iron hubs at Whyalla & Port Pirie Adelaide For personal use only 240km Open-access rail ~50km Whyalla Port 315km Port Pirie 180km Grid Power 100% renewable by 2027 1212 ~125km
Slide 13: Low risk conventional project configuration
Low risk conventional project configuration Well-proven mining practices and processing technologies For personal use only CAMP ROADS LOW PROFILE TAILING STORAGE FACILITY Open cut mining RAZORBACK WASTE ROCK DUMP PROCESSING PLANT RAZORBACK PIT IRON PEAK PIT Magnetic separation IRON PEAK WASTE ROCK D
Slide 14: Positive Razorback Project Optimisation Study economics
Positive Razorback Project Optimisation Study economics Results leading to larger scale production and staged expansion strategy Staged development pathway manages risk Key project metrics 4 For personal use only Expansion Physical Metrics Unit Base Case Option dry Concentrate production rate 5 10 M
Slide 15: Razorback Project economics globally-competitive
Razorback Project economics globally-competitive Highly-competitive cost base on a standardised basis Wood Mackenzie 2027 VIU-adjusted (62% Fe eq.) cost curve (US$/t)a,b For personal use only 1st quartile 2nd quartile 300 250 US$/t (real 2023$) 200 150 10Mtpa 5Mtpa 100 50 - 0% 5% 10% 15% 20% 25% 30%
Slide 16: Razorback Project financing approach
Razorback Project financing approach Joint venture with motivated offtakers UNINCORPORATED JOINT VENTURE (JV) For personal use only JV PARTNER 1 Joint Ventures (JV) Potential partners $ World-class asset has attracted Well-proven model for big many global steel industry players Australian iron o
Slide 17: MGT's bespoke sustainability platform
MGT’s bespoke sustainability platform Elevating future ESG outcomes through early action and commitment For personal use only Environmental sustainability Social & community inclusion Enabling future low-carbon Partnering agreement signed with Partnering Agreement with Ngadjuri Nation steel prod
Slide 18: Magnetite Mines
Magnetite Mines For personal use only Decarbonisation Outstanding Project Progressing to Substantial re-rating Tailwind Credentials Development potential Premium-grade iron ore Tier 1 location Partnering in progress; Project set for long life needed now to enable Close to port & rail HOA s
Slide 19: References
For personal use only References 1. ASX Announcement – 09/02/23 – Iron Peak Mineral Resource Significantly Improved 2. ASX Announcement – 03/11/22 - Muster Dam Mineral Resource Estimate 3. ASX Announcement – 09/06/23 - Iron Peak Deposit Maiden Ore Reserve 4. ASX Announcement – 09/06/23 - Iron Peak S
Slide 20: Contact
For personal use only Contact gemma.brosnan@magnetitemines.com +61 8 8427 0516 www.magnetitemines.com 20
Slide 21: Appendix: Mineral Resources and Reserves
Appendix 1 Mineral Resources and Reserves1,3 Razorback Iron Ore Project For personal use only (Razorback & Iron Peak deposits combined)a Classification Tonnes (Mt) Mass Rec % Fe % SiO2 % Al2O3 % P% LOI % Magnetite % Indicated 1,675 15.95 18.36 48.02 8.06 0.18 5.46 15 Inferred 1,570 16.09 17.74 48.6
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