Strike Resources Limited · ASX:SRK
Strike Resources — AusIMM Iron Ore 2007 Conference
31 slides from Strike Resources's conference presentation, Aug 22, 2007
Slide 1: Presentation at Iron Ore 2007 Conference
Wednesday, 22 August 2007 MARKET ANNOUNCEMENT For personal use only Presentation at Iron Ore 2007 Conference The Company is please to enclose a copy of a presentation made by Managing Director, Mr Shanker Madan at the Iron Ore 2007 Conference jointly organised by The Australasian Institute of Mining
Slide 2: Development of an Iron Ore Project
For personal use only TITLE OF THE PRESENTATION Development of an Iron Ore Project August 2007
Slide 3: Strike has two large high grade iron ore deposits in Southern Peru
TITLE OF THE PRESENTATION 2 For personal use only Strike has two large high grade iron ore deposits in Southern Peru z Located in Peruvian Andes close to large population centres and infrastructure. z Resource estimates from surface mapping and sampling by Peruvian Ministry of Energy and Mines (1974
Slide 4: The Cordilleras of Peru are a world class mineral belt
TITLE OF THE PRESENTATION 3 For personal use only The Cordilleras of Peru are a world class mineral belt z Peru is among the top five producers in the world of silver (2,921t), zinc (~1.37Mt), gold (173 t), copper (~842,000t), lead (309,000t), and molybdenum (9,500t) and is a net exporter of hydroca
Slide 5: The deposits lie in the Peruvian Altiplano approximately 430km from the coast
TITLE OF THE PRESENTATION 4 The deposits lie in the Peruvian Altiplano For personal use only approximately 430km from the coast
Slide 6: The deposits lie in the Peruvian Altiplano approximately 430km from the coast
TITLE OF THE PRESENTATION 5 The deposits lie in the Peruvian Altiplano For personal use only approximately 430km from the coast
Slide 7: Apurimac deposits are located in the Altiplano between the Eastern and Western Cordillera
TITLE OF THE PRESENTATION 6 Apurimac deposits are located in the Altiplano at an For personal use only average height of 3400m ASL in between the Eastern and the Western Cordillera of Peru Tertiary Granodiorite Iron Ore Mesozoic Limestone
Slide 8: Apurimac deposits are located near a regional airport servicing Andahuaylas
TITLE OF THE PRESENTATION 7 The Apurimac deposits are located near a regional For personal use only airport servicing the major town of Andahuaylas (15km away, population ~250,000)
Slide 9: For personal use only
TITLE OF THE PRESENTATION 8 For personal use only
Slide 10: Historic Resource Estimate Apurimac: 730Mt
TITLE OF THE PRESENTATION 9 For personal use only Historic Resource Estimate Apurimac : 730Mt z Low lying flat tabular iron ore bodies. z Mineralisation commences at or near surface lending to open cut mining with low waste to ore ratio. z Although a mixture of magnetite and hematite it is mostly hi
Slide 11: Massive Hematite/Magnetite Aggregate
TITLE OF THE PRESENTATION 10 For personal use only Massive Hematite/Magnetite Aggregate
Slide 12: Access within the concessions is relatively easy
TITLE OF THE PRESENTATION 11 For personal use only Access within the concessions is relatively easy
Slide 13: Chip and core logging show resource is dominantly high-grade magnetite
Chip and core logging and analyses show that the TITLE OF THE PRESENTATION 12 For personal use only resource is dominantly high-grade magnetite with subordinate secondary hematite
Slide 14: Apurimac deposits are high-grade skarn magnetite bodies
Apurimac deposits are high-grade (+62% Fe) skarn TITLE OF THE PRESENTATION 13 For personal use only magnetite bodies located in limestone in contact with a granodiorite batholith
Slide 15: 172Mt @ 62.8% Fe JORC Inferred Resource at Opaban
TITLE OF THE PRESENTATION 14 172Mt @ 62.8% Fe JORC Inferred For personal use only Resource at Opaban in Apurimac. 19 Additional Targets to Drill – Detailed gravity and magnetic surveys followed by 31 diamond core holes and 45 RC holes have been drilled to date – A resource target of 210 - 260 Mt at
Slide 16: Results from Recent Drilling
TITLE OF THE PRESENTATION 15 For personal use only Results from Recent Drilling Better than Expected Hole No Total Cumulative Average +60% Fe Intervals Fe Grade (metres) OP1-32 108m 62.7% OP1-35 114m 63.1% OP1-37 84m 61.3% OP1-40 82m 63.4% OP1-42 154m 62.8% OP1-44 90m 62.9% The above are selected re
Slide 17: Cuzco deposits are located 80km South of Cuzco
TITLE OF THE PRESENTATION 16 Cuzco deposits are located 80km South For personal use only of the major historic city of Cuzco
Slide 18: Resource Estimate Cuzco: 500–650Mt
TITLE OF THE PRESENTATION 17 For personal use only Resource Estimate Cuzco: 500–650Mt z Flat tabular radial bodies within a 4km diameter area around an intrusive core. z Similar to Apurimac. z Work done to date ¾ Geophysical surveys ¾ Rock chip sampling of outcropping mineralisation ¾ 2630m of drill
Slide 19: Sections through the Cuzco deposit
TITLE OF THE PRESENTATION 18 For personal use only Sections through the Cuzco deposit z Cross section of deposit illustrates low waste to ore ratio for open cut mining. z Resource target between 500 – 650Mt. z Drilling commenced late March 2007
Slide 20: Apurimac Project Timetable
TITLE OF THE PRESENTATION 19 For personal use only Apurimac Project Timetable Pre-feasibility Feasibility Design Production Construction 20Mt pa 2007 2008 2009 2010 2011 Drilling 30,000m
Slide 21: Seven Pre-Feasibility Studies Comprise
TITLE OF THE PRESENTATION 20 For personal use only Seven Pre-Feasibility Studies Comprise z Ore Body Modelling and Mine Plan z Metallurgy and Flow Sheet Design z Slurry Pipeline z Physical and Social Environment ¾ Community Relations ¾ Topographical Survey z Infrastructure Studies ¾ Hydrology ¾ Powe
Slide 22: Apurimac Project - contaminants are low
TITLE OF THE PRESENTATION 21 For personal use only Apurimac Project - contaminants are low ¾ The length weighted average grade of the mineralised envelope from diamond core samples at NO CUT OFF GRADE of the +6.3mm fraction (90% of the mineralised envelope) is: ¾ 54.96% Fe;2.61% Al2O3; 9.60% SiO2; 0
Slide 23: Apurimac Project – initial analysis done in Peru were 1-3.5% Fe lower than Australia
TITLE OF THE PRESENTATION 22 For personal use only Apurimac Project – initial analysis done in Peru were 1-3.5% Fe lower than Australia
Slide 24: Apurimac Project – mineral distribution lends itself to easy beneficiation
TITLE OF THE PRESENTATION 23 For personal use only Apurimac Project – mineral distribution lends itself to easy beneficiation ¾ Core and chip logging, magnetic susceptibility measurements and quantitative analysis of minerals distribution is as follows: ¾ Magnetite 53% ¾ Hematite (magnetic): 21% ¾ U
Slide 25: Flow Sheet Design and Processing
TITLE OF THE PRESENTATION 24 For personal use only Flow Sheet Design and Processing ¾ It will be based on exhaustive test work presently underway at CSIRO in Brisbane includes: ¾ Thin and polished section studies. ¾ Microprobe, imaging and image analysis. ¾ Chemistry by size (grain size). The minera
Slide 26: Transportation studies previously conducted
TITLE OF THE PRESENTATION 25 For personal use only Transportation studies previously conducted z Extensive studies previously undertaken by Takahashi Trading (1961) and Wright Engineers (1970) on the viability of rail and slurry pipeline options to the coast showed both options to be feasible. z Thr
Slide 27: Production Profile – Slurry Pipeline
TITLE OF THE PRESENTATION 26 For personal use only Production Profile – Slurry Pipeline z ~400km to port facility. z Water and gas available. z Downhill gradient. z Targeted throughput: 20 Mt pa expanding to 40Mt pa. z Proven technology. ¾ Bailadila (India) – 7 Mt pa, ~270km ¾ Samarco (Brazil) – 18
Slide 28: Large bodies of water are located nearby
TITLE OF THE PRESENTATION 27 For personal use only Large bodies of water are located nearby
Slide 29: Marketing
TITLE OF THE PRESENTATION 28 For personal use only Marketing z China Desk established to develop early relationships with potential buyers in China. z Managed by an experienced iron ore marketing specialist (ex Rio Tinto). z Ore quality has the potential to offer significant advantages as a high-gra
Slide 30: Strike's unique deposit offers distinct advantages
TITLE OF THE PRESENTATION 29 For personal use only Strike’s unique deposit offers distinct advantages z High grade magnetite offers simple beneficiation route z Low cost competitive labour market z Stable environment with a long history of mining z Taxation and royalty regime similar to Australia
Slide 31: Peru is not just a tourist destination
TITLE OF THE PRESENTATION 30 For personal use only Peru is not just a tourist destination Machu Pichu Or where earthquakes occur