Equatorial Resources Limited · ASX:EQX
Equatorial Resources — Mining Indaba 2013
31 slides from Equatorial Resources's conference presentation, Feb 7, 2013
Slide 1: Mining Indaba Presentation ASX Release
For personal use only ASX: EQX | 7 February 2013 | ASX RELEASE MINING INDABA PRESENTATION Equatorial Resources Limited (ASX:EQX) is pleased to release the attached Company Presentation presented by Managing Director and CEO, Mr John Welborn, to the Mining Indaba Conference in Cape Town, South Africa
Slide 2: An Iron Ore Future in Africa
For personal use only AN IRON ORE FUTURE IN AFRICA Corporate Presentation, Mining Indaba 2013 February 2013
Slide 3: Disclaimer
DISCLAIMER • This document should be read in conjunction with any and mechanical problems, changes in product prices and Clout who is a Fellow of the Australasian Institute of Mining For personal use only public announcements and reports (including financial other risks not anticipated by the Compan
Slide 4: Large Scale Iron Projects in Republic of Congo
LARGE SCALE IRON PROJECTS IN REPUBLIC OF CONGO Exploring and developing two 100% For personal use only owned iron projects Large footprints in key iron clusters in Africa Access to existing operational rail and port for Mayoko-Moussondji Massive regional potential at Badondo Experienced bo
Slide 5: The Republic of Congo
THE REPUBLIC OF CONGO BIENVENUE A BRAZZAVILLE! For personal use only Stable “Oil Country” actively growing its mining sector Former French colony recently celebrated 50 years of independence Oil majors including Total, Eni and Chevron operating uninterrupted for over 30 years and currently inv
Slide 6: Mining in the Republic of Congo
MINING IN THE REPUBLIC OF CONGO Major miners now invested in Republic of Congo For personal use only Mining sector is central to the government’s Economic Diversification Program (Chemin d’Avenir) New mining code adopted in 2005 Favourable fiscal terms for miners • 3% Royalty on Revenues • 1
Slide 7: Mayoko-Moussondji Iron Project
For personal use only MAYOKO-MOUSSONDJI IRON PROJECT
Slide 8: Mayoko-Moussondji Iron Project
For personal use only MAYOKO-MOUSSONDJI IRON PROJECT 7
Slide 9: Exploration
For personal use only EXPLORATION 48,000 metres of drilling Airborne geophysics and data modelling Extensive bulk sampling and met test work Addition of 2 new iron permits 8
Slide 10: Infrastructure Development
For personal use only INFRASTRUCTURE DEVELOPMENT World class camp facilities Major airstrip refurbishment On-site sample prep laboratory installed Road construction and upgrade program 9
Slide 11: Supporting Community & Environment
For personal use only SUPPORTING COMMUNITY & ENVIRONMENT Employment of over 200 staff Graduate training programs - geology & business ESIA Baseline & Scoping Work complete Congo Mining Community Relations Committee 10
Slide 12: Maiden Resource Estimate
For personal use only MAIDEN RESOURCE ESTIMATE ASX: EQX | 4 February 2013 | ASX RELEASE MAIDEN HEMATITE RESOURCE OF 102 MILLION TONNES AT MAYOKO-MOUSSONDJI HIGHLIGHTS Initial JORC Hematite Resource of 102 million tonnes at 40.6% Fe for Mayoko-Moussondji. Total JORC Mineral Resource Estimate (Hem
Slide 13: Maiden Mineral Resource Estimate
For personal use only MAIDEN MINERAL RESOURCE ESTIMATE Mayoko-Moussondji Iron Project Mineral Resource Estimate - February 2013 In-Situ Fe P SiO2 Al2O3 LOI S Resource Tonnage Dry Material Type grade grade grade grade grade grade Class (Mton) Bulk (%) (%) (%) (%) (%) (%) Density Colluvium 12.2 48.3 0
Slide 14: Geological Model Confirmed
For personal use only GEOLOGICAL MODEL CONFIRMED 13
Slide 15: Premium Iron Products
PREMIUM IRON PRODUCTS Metallurgical testing on near surface hematite For personal use only delivered a premium fines iron product of 64.1% Fe with low impurities and a mass recovery of 60.7% Standard processing techniques with low technical risk Samples crushed, screened and wet processed usin
Slide 16: Railway Access and Development
RAILWAY ACCESS AND DEVELOPMENT Equatorial has a current agreement with rail For personal use only authority (CFCO) allowing access to the railway line Framework in place for 25 year User Agreement Rail Engineering & Investment Study completed by R&H Railway Consultants Railway Funding Agreement
Slide 17: Port of Pointe-Noire Access and Development
PORT OF POINTE-NOIRE ACCESS AND DEVELOPMENT One of the largest ports in Central & West Africa For personal use only Agreement signed with PAPN to cooperate on studies on the infrastructure required to export iron ore from the existing port Developing options at both Pointe-Indienne and the exi
Slide 18: Scoping Study
SCOPING STUDY Scoping study well advanced, investigating a For personal use only staged development of operations from Mayoko- Moussondji Assumes operations will commence using existing rail and port infrastructure and capacity will increase over time with incremental investment Rail & Port st
Slide 19: Badondo Iron Project
For personal use only BADONDO IRON PROJECT
Slide 20: Badondo Iron Project
For personal use only BADONDO IRON PROJECT 19
Slide 21: The Key Projects in the Region
For personal use only THE KEY PROJECTS IN THE REGION 20
Slide 22: Regional Project Potential
For personal use only REGIONAL PROJECT POTENTIAL PROJECT COMPANY INFERRED & INDICATED OTHER INFORMATION RESOURCE Revised takeover offer by Hanlong Mbalam 775Mt @ 57% Fe Mining for A$1.4 Billion Strategic investment by Glencore Avima 580Mt @ 60% Fe and Severstal Exploration Target* of 1,300 – Badondo
Slide 23: Exploration Program
For personal use only EXPLORATION PROGRAM Over 22km of prospective iron strike identified within three distinct target prospects Mapping program revealed a thick and extensive enriched hematite blanket Hematite cap in visible cliff exposures appearing to extend over full 10km strike length of the
Slide 24: Scout Drilling Program
For personal use only SCOUT DRILLING PROGRAM Scout diamond drilling program completed in December 2012 Program designed to test the thickness, quality and extent of high grade hematite mineralisation along strike of the Badondo prospect 14 holes completed for a total of 1,092 metres Company
Slide 25: High Grade Iron Confirmed from Initial Drill Results
HIGH GRADE IRON CONFIRMED FROM INITIAL DRILL RESULTS Initial drilling confirmed presence of high grade hematite cap For personal use only Excellent assay results including over 42 meters at 63% Fe from Hole 1 and over 40m at 65% Fe from Hole 2 Low contaminant levels 24
Slide 26: The New Pilbara in Africa
THE NEW PILBARA IN AFRICA Hammersley Basin - Pilbara Congo, Cameroon Craton For personal use only Pilbara Congo Craton • Embargo on iron ore exports lifted in 1960 • World class iron resources • 25 mines owned by 4 companies producing • Momentum building for development more than 500mtpa • 5 heavy d
Slide 27: For personal use only
For personal use only CORPORATE UPDATE
Slide 28: Experienced Management Team
For personal use only EXPERIENCED MANAGEMENT TEAM Ian Middlemas Chartered Accountant with over 20 years mining industry experience; extensive corporate and Chairman management expertise John Welborn Extensive corporate experience as a senior executive in finance and the natural resources industry Ma
Slide 29: Capital Structure
For personal use only CAPITAL STRUCTURE EQUATORIAL RESOURCES LTD (ASX: EQX) As at 31 Jan 2013 Current Issued Capital 117.2 million shares Fully Diluted 128.2 million shares Market Capitalisation (Undiluted @ A$1.48) A$173.5 million Cash at 31 January 2013 A$60.0 million Top 20 Shareholders: 81.5% 17
Slide 30: The Equatorial Advantage
For personal use only THE EQUATORIAL ADVANTAGE Access to Existing Infrastructure Massive Scale Potential of Projects High Quality Product Potential Well Funded Strong Rationale for Regional Cooperation AFRICA’S NEXT MAJOR IRON COMPANY 29
Slide 31: Contact
ASX: EQX For personal use only www.equatorialresources.com.au AUSTRALIA: Level 2, BGC Centre 28 The Esplanade Perth WA 6000 Australia Tel: +61 8 9466 5030 Fax: +61 8 9466 5029 REPUBLIC OF CONGO: 03 Avenue de Loango, 2eme. Etage, Ndjindji, Arrondissement 1 EP Lumumba, Pointe-Noire Republic of Congo U