Iron Road Ltd · ASX:IRD
Iron Road — Investor Presentation (September 2009)
16 slides from Iron Road's investor presentation, Sep 9, 2009
Slide 1: Company Overview
For personal use only I Iron R Road d Limited Li it d Company Overview September 2009 Andrew Stocks – Managing Director www.ironroadlimited.com.au 1
Slide 2: Forward-Looking Statements
For personal use only Forward‐Looking Statements Thi presentation This i containsi forward f d looking l ki statements concerning i the h projects j ownedd by b Iron I R d Limited. Road Li i d Statements S concerning i mining i i reserves and resources may also be deemed to be forward looking statem
Slide 3: Summary
Summary For personal use only Focussed iron ore junior, experienced and motivated team Ordinary shares 62,866,578 Listed options 27 305 440 27,305,440 Unlisted options 19,625,000 IPO June 2008 – A$5M 0.8 Secondary raising August 2009 – A$2.4M 0.6 0.4 0.2 0 Key shareholders The Sentient Group (25%) B
Slide 4: The Team
The Team For personal use only Julian Gosse Banking, Broking, Public Company Management The Company has a distinguished Board Ian Hume Managed Funds, Capital Raisings, Project Dev and management M tth K Matthew Keegan Mi i Operations, Mining O ti Managed M d Funds, F d Research R h team that are And
Slide 5: The Projects
The Projects For personal use only Pre‐development d l project j with i h excellent ll iinfrastructure f nearby, b complemented by advanced and early stage exploration projects. Warramboo Pre‐development p magnetite g project in South Australia, Project locations large scale and high quality iron co
Slide 6: Warramboo pre-development magnetite project
Warramboo For personal use only Pre‐development Pre development magnetite project – Mineral Resource 110Mt High quality product – concentrate grade ~70% iron average Large scale targets, substantial size with potential to underpin operation Several transport options Warramboo locality 1. 80km west t
Slide 7: Three stage approach
Warramboo For personal use only Three stage approach Stage 1 Is a marketable concentrate achievable across th deposit? the d it? 32 holes, 4,465 metres of RC drilled Magnetic and gravity surveys used to target mineralisation l Coarse grained magnetite average grain size 1½mm High quality product pot
Slide 8: Stage I drilling
Warramboo Stage I drilling For personal use only S Stage I results l • Demonstrated continuityy and large scale targets • Davis Tube Recovery test work ‐ 70.3% 70 3% Fe F ‐ 0.96% SiO2 ‐ 0.81% Al2O3 ‐ 0.003% P ‐ 0.002% S www.ironroadlimited.com.au 8
Slide 9: Three stage approach
Warramboo For personal use only Three stage approach Stage 2 Ore body continuity and understanding – is i a Mineral Mi l Resource R achievable? hi bl ? One RC drill rig and two diamond drill rigs Collins 7 holes 1042m Boo‐Loo 27 holes 5958m Boo‐Loo met 1 hole 210m Total 35 holes 7210m 200m sections
Slide 10: Three stage approach
Warramboo For personal use only Three stage approach Stage 3 Is potential size enough to j tif a large justify l scale l operation? ti ? Independent conceptual magnetite gneiss exploration target Priority Tonnage 1 870‐1,750Mt 2 2,000‐4,000Mt T t l 2,870‐5,750Mt Total 2 870 5 750Mt Will be used to s
Slide 11: Work ahead – another staged approach
Warramboo For personal use only Work ahead – another staged approach Resource – further geophysics and drilling, test global exploration target and expand mineral resource esou ce Infrastructure – options for materials handling, ports, power and water Scoping – project size, size plant design, desig
Slide 12: Gawler
Gawler For personal use only 3 380km2 Large project area – 3,380km Earning up to 90% of iron rights from Gawler locality Dominion Mining LLocated t d on the th Trans T Australian A t li Railway R il and within 100km of Adelaide‐Darwin Railway Over ten areas of known historic iron occurrences Hematit
Slide 13: Our Neighbours
Our Neighbours For personal use only Some iron focussed companies and their industrial partners in the h region i Iron Road – independent Western Plains l – Wuhan of China IronClad – Wuhan of China Centrex – Wuhan and Baotou of China Lincoln Minerals – Mineral Enterprises Limited of India www.ironro
Slide 14: Our Peers
Our Peers For personal use only Australian Iron Ore Peer Comparison 9 000 9,000 900 Millions Exploration Target Range Resources 8,000 800 Mkt cap 7,000 700 6,000 600 Market Capitalisation ($A) Tonnage (Mt) 5,000 500 4,000 400 3,000 300 2,000 200 1,000 100 0 0 Murchison Atlas Gindalbie Brockman Austr
Slide 15: Immediate Outlook
Immediate Outlook For personal use only Warramboo • Metallurgical test work programme results shortly • Evaluating other prospects within project area with SStrong team – career geophysics and drilling miners with • Substantial resource upside – only 1.7km of +95km backgrounds in strike tested to da
Slide 16: Iron Road Limited
Iron Road Limited For personal use only www.ironroadlimited.com.au www.ironroadlimited.com.au 16