Image Resources Nl · ASX:IMA
Image Resources Nl — Investor Presentation (August 2012)
22 slides from Image Resources Nl's investor presentation, Aug 13, 2012
Slide 1: Progressing Towards Heavy Minerals Sands Production
IMAGE RESOURCES NL ASX : IMA For personal use only PROGRESSING TOWARDS HEAVY MINERALS SANDS PRODUCTION AUGUST 2012
Slide 2: Competent Person and Forward Looking Statement
COMPETENT PERSON AND FORWARD LOOKING STATEMENT For personal use only COMPETENT PERSON’S STATEMENT – EXPLORATION RESULTS The information in this presentation is based on information compiled by Paul Leandri BAppSc who is a member of the Australasian Institute of Mining and Metallurgy. Paul Leandri is
Slide 3: Vision of Becoming a Major Global Producer of Ilmenite and Zircon
IMAGE HAS THE VISION OF BECOMING A MAJOR GLOBAL PRODUCER OF HIGH QUALITY ILMENITE AND ZIRCON For personal use only Image has a number of competitive advantages: • World class assets and location • A very strong management/project team, all of whom have extensive mineral sands experience • A clear pa
Slide 4: High Ranking Low Risk New Producer
HIGH RANKING LOW RISK NEW PRODUCER For personal use only Ready to go from explorer to mid-sized producer • Robust project economics – low cost of entry – low risk • Feasibility study has commenced. Due for completion by mid 2013 • Competent and credible management team • First production from Boon
Slide 5: World Class Location
WORLD CLASS LOCATION For personal use only Advantages of the North Perth Basin: • High grade resources • Low U+Th coarse grain Ilmenites and good quality Zircon products • Majority of resources are on cleared freehold farm land • Multi-user ports nearby with established road and rail access • Existi
Slide 6: Extensive Tenement Holdings
EXTENSIVE TENEMENT HOLDINGS For personal use only North Perth Basin Project Resources • Atlas and Atlas South (part MLA) • Hyperion • Helene • Red Gully (existing ML) • Boonanarring (existing ML - part) • Gingin North (existing ML) • Gingin South (existing ML - part) Longer Term Projects • Cooljarlo
Slide 7: NPB Resources and Exploration Targets
NPB RESOURCES AND EXPLORATION TARGETS For personal use only Current Resources and Exploration Atlas + Atlas Boonanarring Other NPB Total South + Gingin North Scoping Study Mt 10.7 5.5 29.3 45.5 Resource Resources/ Exploration Mt 12.0 28.7 22.6 63.3 Targets Average HM % % 8.1 7.8 6.8 7.5 Zircon % in
Slide 8: NPB – Boonanarring
NPB – BOONANARRING For personal use only • Scoping Study resource over 1.5km strike length of 3.1Mt @ 7.2%HM containing 221Kt HM, all Measured • Potential mineralisation over 12.5km potential strike length >25Mt • Consistent high HM and Zircon grades and extensive strike length being confirmed by th
Slide 9: Boonanarring 9/8/2012
BOONANARRING 9/8/2012 For personal use only 9
Slide 10: Cleared Farmland
CLEARED FARMLAND For personal use only Boonanarring is cleared Freehold farmland 10
Slide 11: NPB - Atlas
NPB - ATLAS For personal use only • Total resource of 10.7Mt @ 7.8%HM containing 0.84Mt HM, comprising 9.7Mt @ 8.5%HM (Measured) 1.1Mt @ 3.2%HM (Indicated) • High value mineral assemblage; 53.4% Ilmenite, 5.3% Leucoxene, 7.8% Rutile, 10.6% Zircon Shallow, high grade, “jewel in the crown” 11
Slide 12: Path to Production – Scoping Study Update
PATH TO PRODUCTION – SCOPING STUDY UPDATE For personal use only • First production scheduled for mid 2014 • 3.3Mtpa multi-pit operation over initial 12 year mine life • Staged development with initial production of HMC at Boonanarring for sale or toll treatment • Subsequent Dry Mill construction to
Slide 13: Issues – Technical
ISSUES – TECHNICAL For personal use only Current Focus: • Resource upgrades at Boonanarring • Wet plant process testwork • Obtain product samples for testing by customers • Land access and environmental approvals • Finance options for the completion of the feasibility study and project development 1
Slide 14: Finance Options
FINANCE OPTIONS For personal use only Alternatives include: • Equity • Project level Joint Ventures on longer term resources • Project funding from downstream customers • Build – Own – Operate (“BOO”) arrangements • Sales of non-core assets 14
Slide 15: Feasibility Time Chart
FEASIBILITY TIME CHART For personal use only 15
Slide 16: Key Project Team Members
KEY PROJECT TEAM MEMBERS For personal use only Managing Director/Project Manager: Peter Davies Exploration Manager: Paul Leandri Resource Modelling and Estimation: Lynn Widenbar (Widenbar and Associates) Mining Engineering: Stephen Miller (Red Rock Engineering) and Per Scrimshaw (Creative Mined) Pro
Slide 17: The Team
THE TEAM For personal use only Peter Davies – Image Managing Director/Project Manager Peter Davies, appointed as Managing Director in May 2012, is a mining engineer with 39 years of global experience in project evaluation and management of mining, chemicals and mineral sands operations. He graduated
Slide 18: Clear Vision and Strategy
CLEAR VISION AND STRATEGY For personal use only Image has several competitive advantages: • World class assets and location • A very strong management/project team, all of whom have extensive minerals sands experience • A clear path to production • Specifically focussed for many years on identifying
Slide 19: The Team
THE TEAM For personal use only Paul Leandri – Image Exploration Manager Over 25 years experience in mining and exploration geology, including 8 years working for RGC Mineral Sands consisting of 5 years mine planning at Capel operations and 3 years exploration around Eneabba and the Murray Basin. Pas
Slide 20: The Team
THE TEAM For personal use only Eugene Dardengo – Processing Manager Eugene is an accomplished Metallurgist and Operations Manager with over 27 years’ experience in the Australian mining and mineral industry. Eugene has held a number of other diverse roles and was held accountable for Logistics Servi
Slide 21: The Team
THE TEAM For personal use only Peter McSweeney - MSP Engineering Peter has over 25 years experience in delivering industrial minerals projects throughout Australia and overseas. He has been the Managing Director of MSP Engineering for the past 16 years and during this period the company has delivere
Slide 22: Corporate Summary
CORPORATE SUMMARY For personal use only Free Cash $2.1M(at 10/08/2012) Capital Structure Board and Management Market Cap $31M Peter Thomas Chairman Managing Director/ Peter Davies Shares 106M Project Manager Options 10.7M George Sakalidis Executive Director (held by Directors. All Paul Leandri Explo
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