Magnum Mining And Exploration Limited · ASX:MGU
Magnum Mining And Exploration — Investor Presentation (April 2022)
28 slides from Magnum Mining And Exploration's investor presentation, Apr 1, 2022
Slide 1: A 21st Century ESG Project on ASX: Green Pig Iron
Nevada Iron is a fully owned subsidiary of MGU. A 21st Century ESG Project on ASX Green Pig Iron Made In USA MGU IRON ORE 100% BIOCHAR PIG IRON The Green Pig Iron Company PAGE 1 | INVESTMENT HIGHLIGHTS
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. This presentation is being furnished to you solely for your information and may not be repro
Slide 3: Introduction to Magnum
INTRODUCTION TO MAGNUM ASX listed company with a 232Mt iron ore JORC 2012 Mineral Resource in Nevada, USA*. Magnum’s vision is to supply US and international steel makers with low emission biochar pig iron. “A 21st Century ESG project”: low carbon footprint, premium, high-demand product, and support
Slide 4: Corporate Profile
CORPORATE PROFILE ASX Ticker MGU Shares on Issue 497M Options (Listed and unlisted) 250M Share Price 7.4cps Market Cap $34.79M Cash Balance as at 31 Dec 2021 $4.5M Dano Chan Managing Director Don Carroll Executive Chairman Guy Lauzier Head of Operations Mr Chan is an expert in iron ore mining, logis
Slide 5: Business Strategy
BUSINESS STRATEGY The Green Pig Iron Company AN INTEGRATED GREEN OPERATION FROM MINING TO PIG IRON Our Vision is to become a Green Pig Iron producer for the US and international steelmakers. By processing magnetite iron ore to Green Pig Iron at site, Magnum minimizes logistics costs, reduces GHG emi
Slide 6: What is 'Green Pig Iron'
WHAT IS ‘GREEN PIG IRON’ • Green Pig Iron is iron ore that has been processed using low emission technologies and inputs. • Green Pig Iron is produced without the use of coal, instead using the renewable input of biomass. • Green Pig Iron is purchased by steelmakers to make green steel. • Green Pig
Slide 7: Magnum's Integrated Green Pig Iron Operation
MAGNUM’S INTEGRATED GREEN PIG IRON OPERATION The Green Pig Iron Company Phase 1 500K-650K Pig Iron per year Biochar Oven Syngas Iron Ore Concentrate Biochar Rotary Kiln Natural Gas Submerged Arc Furnace 1000C Iron Ore Pellet Hot Green DRI Sale of Green Pig Iron to Green Pig Iron Green Steelmakers Ir
Slide 8: Why Green Pig Iron?
WHY GREEN PIG IRON? The Green Pig Iron Company There is a world-wide push for steelmaking’s low emission revolution and a global shortage of green steelmaking raw materials. Magnum is surrounded by USA’s West Coast EAF steelmakers who currently require 1.5 million tonnes per annum of pig iron. These
Slide 9: Value Adding of Iron Ore Has Major Advantage
VALUE ADDING OF IRON ORE HAS MAJOR ADVANTAGE The Green Pig Iron Company 62% Iron Ore Fines Pig Iron FOB New Value Difference CNF China (USD) Orleans, USA (USD) (USD) Sept 2020 130 375 245 Mar 2022 160 850 690 PAGE 9 | INVESTMENT HIGHLIGHTS
Slide 10: Exclusive Pig Iron Producer on the West Coast USA
EXCLUSIVE PIG IRON PRODUCER ON THE WEST COAST USA The Green Pig Iron Company Magnum will be the ONLY pig iron producer on the West Coast USA US EAF Steel 2021 80% US EAF Steel 2025 85% All Pig Iron Producers on Pig Iron Producer East Coast Pig Iron Buyer PAGE 10 |
Slide 11: Uniquely Placed to Supply US West Coast Customers
UNIQUELY PLACED TO SUPPLY US WEST COAST CUSTOMERS The Green Pig Iron Company All West Coast steelmakers are moving up the value chain for premium steel products. More pig iron is needed. All West Coast steel mills are EAF operations, currently totaling over 7 million tonnes of steel (requiring appro
Slide 12: Magnum's High-Grade Resource
MAGNUM’S HIGH-GRADE RESOURCE The Green Pig Iron Company Total reported Mineral Resources 232Mt (JORC 2012 compliant).* Metasomatic deposit formed through deposition of magnetite into an intensely altered gabbro host. Magnetite is present as high grade pods, desseminations and veins. Mineral resource
Slide 13: Buena Vista Pit Design and Waste Dump Layout Completed
BUENA VISTA PIT DESIGN AND WASTE DUMP LAYOUT COMPLETED The Green Pig Iron Company Low Strip Ratio Existing Open Pit Mine Flat waste dumps Strip ratio of 0.86:1 Short haul to processing PAGE 13 | INVESTMENT HIGHLIGHTS
Slide 14: Resources Expansion Opportunity
RESOURCES EXPANSION OPPORTUNITY The Green Pig Iron Company Mineral District has a 60 year mining and exploration history. Open cut mining operations in the 1950s & 1980s. Magnum is the only fully permitted iron ore company in the district. Ground Magnetics over Buena Vista Project Area PAGE 14 | INV
Slide 15: Magnum Green Pig Iron Product Specification
MAGNUM GREEN PIG IRON PRODUCT SPECIFICATION The Green Pig Iron Company Pilot plant test completed in association with Beijing Shougang Engineering & Technology. 100% biochar pig iron with low impurity for EAF usage. Test Items Unit Result / Fe % 94.46 Si % 0.086 C % 4.63 Green Pig Iron Test Video P
Slide 16: High Quality Concentrate & Simple Beneficiation Plant
HIGH QUALITY CONCENTRATE & SIMPLE BENEFICIATION PLANT The Green Pig Iron Company Dry magnetic processing to produce +63% Fe concentrate. Coarse grained magnetite ore with easy grinding ~ 100 mesh “Plug & Play” – easy installation of beneficiation plant. Dry beneficiation means lower capex, processin
Slide 17: Infrastructure in Place
INFRASTRUCTURE IN PLACE The Green Pig Iron Company Colado Rail Load Out • Fully Permitted Iron Ore Mine • Easy Access to Union Pacific Railway & Highway Huxley Rail Load Out • Near High Voltage power lines and Natural Gas pipelines Reno • Close to all major West Coast ports for export The Ponderosa
Slide 18: Key Milestones: Progress & Critical Work Planned
KEY MILESTONES PROGRESS & CRITICAL WORK PLANNED The Green Pig Iron Company PROGRESS ON KEY MILESTONES: MAY 2021 - JAN 2022 Completed beneficiation test and established high quality iron ore specification in association with 1 BSIET (Beijing Shougang International Engineering & Technology Co. Ltd). C
Slide 19: Indicative Project Development Schedule
INDICATIVE PROJECT DEVELOPMENT SCHEDULE 1 The Green Pig Iron Company COMPANY RE-RATING MILESTONES Today Production 2022 2023 2024 2025 Engineering Study BFS - Study Decision to Build Project Financing Permitting & Environmental Detailed Design Procurement Construction & Commissioning 1. Schedule sub
Slide 20: Replacing Coal with Abundant, Low Cost Renewable Biomass
REPLACING COAL WITH ABUNDANT, LOW COST RENEWABLE BIOMASS The Green Pig Iron Company To produce Green Pig Iron, Magnum uses 1 biochar to replace coal. By removing coal and using a renewable, 2 low-cost input, Magnum’s product achieves Green certification The proximate abundance of biomass further 3 c
Slide 21: Abundant, Low Cost Local Biomass Supply
ABUNDANT, LOW COST LOCAL BIOMASS SUPPLY The Green Pig Iron Company Local Biomass (California) FACTS: • California landfill is charging USD200 per cubic foot for waste wood. • Waste wood is trucked to Reno and Utah landfills. • Trees charred in California forest fire need to find usage. • Waste wood
Slide 22: Partnership with Biochar Now
PARTNERSHIP WITH BIOCHAR NOW! The Green Pig Iron Company https://biocharnow.com • Operating biochar facility in Denver • The only ISO carbon credit certified in the USA • The only US EPA certified biochar Oven Syngas Biochar • Low cost local biomass • Maximize carbon credits • Biochar oven syngas fo
Slide 23: Carbon Credit Income
CARBON CREDIT INCOME The Green Pig Iron Company China Europe Biomass/ Biochar is renewable energy. Low logistic carbon Contract Tonnage Price (Ton) footprint. Significant Carbon Credit / Tax Incentive potential. https://tradingeconomics.com/commodity/ carbon https://tradingeconomics.com/commodity/ca
Slide 24: Delivering Premium Green Pig Iron to Premium US & International Steelmakers
DELIVERING PREMIUM GREEN PIG IRON TO PREMIUM US & INTERNATIONAL STEELMAKERS The Green Pig Iron Company Low Cost Iron Ore Pig Iron Advantages • Fully permitted iron ore mine • Will be the Only pig iron producer in Western USA • Only iron ore operation in the Mineral District for additional resources
Slide 25: Key Milestones: Critical Work Planned Proceeding to BFS
KEY MILESTONES PROGRESS & CRITICAL WORK PLANNED The Green Pig Iron Company CRITICAL WORK PLANNED PROCEEDING TO BFS: THROUGH JULY 2022 US off-take partners - Confirm pig iron specification and requirements. 1 - Experienced US steel marketing executive appointed. 2 Nevada state government - Project up
Slide 26: References
REFERENCES The Green Pig Iron Company 1. ASX Announcement - 02/02/2022 - Green Pig Iron Engineering Study Contract signed 2. ASX Announcement - 31/01/2022 - Quarterly Activities / Appendix 5B Cash Flow Report 3. ASX Announcement - 11/01/2022 - MGU Project Update - MOU signing with Biochar Now 4. ASX
Slide 27: Great Minds Think Alike
GREAT MINDS THINK ALIKE The Green Pig Iron Company PAGE 27 | INVESTMENT HIGHLIGHTS
Slide 28: MGU Contact Details
For more information, contact: Dano Chan, Managing Director +852 9304 6262 dano@mmel.com.au Registered Office: Level 11, 52 Phillip Street, Sydney NSW 2000 Telephone: +61 8 6280 0245 Fax: +61 8 9381 2855 Email: info@mmel.com.au ASX: MGU ABN 70 003 170 376 Follow us on: Magnum_mining_mgu Magnum Minin
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