Iron Road Ltd · ASX:IRD
Iron Road — South Australian Resources and Energy Investment Conference 2012
21 slides from Iron Road's conference presentation, May 1, 2012
Slide 1: On The Road To Production
On The Road To Production South Australian Resources and Energy Investment Conference 1 May 2012
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by Iron Road Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific ass
Slide 3: Overview – On the Road to Production
Overview – On the Road to Production • Focused on Central Eyre Iron Project (CEIP) – PFS indicates robust project economics – Favourable export infrastructure options – Sinter product – expect a premium of up to 30% over Pilbara fines benchmark • Moving ahead – DFS to assess production scenarios +20
Slide 4: Corporate Overview
Corporate Overview Major Shareholders Board Management The Sentient Group 32.1% Julian Gosse Non-exec Chair Larry Ingle General Manager Management 9.4% Ian Hume Non-exec Alan Millet Infrastructure Manager Columbia University 7.5% Jerry Ellis Non-exec Jeff Reilly Marketing Manager Duke University 6.4
Slide 5: Central Eyre Iron Project
Central Eyre Iron Project • Centrally located on Eyre Peninsula, SA • Favourable geographic, climatic location • Supportive state and local governments • Large scalable magnetite project, with low product variability • Growing resource – currently 2.1 billion tonnes at 16.2% iron 1 • Large potential
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Slide 7: Key Features of Iron Road
Key Features of Iron Road Premium Product, Location, Location Quality Resource Premium Price • High grade (67% Fe), • Cape size port options • Project can be likened low contaminant product in sheltered waters to Vale’s (world’s to deliver premium of (no cyclones) largest iron ore up to 30% over Pil
Slide 8: DFS Scenarios to Reflect Resource Potential
DFS Scenarios to Reflect Resource Potential PFS ‘base case’ of 12.4 million tpa, based on the 1.2 billion tonne Mineral Resource announced in February 2011 Mineral Resources at CEIP currently stand at 2.1 billion tonnes, of which 1.11 billion tonnes is in the Indicated category 1 CEIP exploration ta
Slide 9: Benchmarking Concentrate Grade
Benchmarking Concentrate Grade 72 GIR-Yerecoin EMG-Beyondie VMC-Yalgoo Concentrate Grade - % iron 70 ARH-Balmoral IRD-CEIP (40 micron) AGO-Ridley IRD-CEIP (53 micron) IRD-CEIP (75 micron) GRR-Southdown 68 GBG-Karara CXM-Bungalow CXM-Fusion IRD-CEIP (106 micron) ACS-Magnetite Range CXM-Carrow 66 CFE-
Slide 10: Ball mill feed of bulk concentrate sample
Ball mill feed of bulk concentrate sample 10
Slide 11: Low Strip Ratio
Low Strip Ratio • Large scale conventional mining • Mine design and scheduling by Coffey Mining • PFS “base case” open cut operation, with low strip ratio of 0.8 to 1 • Excellent geotech properties – (15m benches, 70º batters) • Operating cash flow versus pit shell size curve is very flat – the pit
Slide 12: Export Solution
Export Solution • PFS ‘base case’ assumed slurry pipeline to port • PFS ‘base case’ includes costs and charges to use a third-party port • Rail and port options have been considered at scoping level and are being assessed in the DFS 12
Slide 13: Community Engagement
Community Engagement • We believe that being part of a community is an important part of business • Major Sponsor and supporter of local community events since 2009 • Toll free contact number and extensive community programme in place • Development will bring many opportunities to the region • Commu
Slide 14: Community Engagement
Community Engagement 14
Slide 15: Future Growth and Development Pathway
Future Growth and Development Pathway Additional Resource definition, with Stage VII drilling underway. Offtake and finance partnership discussions commenced. Definitive Feasibility Central Eyre Iron Project Study (DFS) Underway. 15
Slide 16: On the Road to Production
On the Road to Production Subscribe to alerts online www.ironroadlimited.com.au
Slide 17: Appendices
irony J Oa ee Appendices
Slide 18: Appendix – CEIP Resource Statement
Appendix 1 – CEIP Resource Statement Central Eyre Iron Project Global Mineral Resource Estimate Tonnes Fe SiO2 Al2O3 P LOI Location Classification (Mt) (%) (%) (%) (%) (%) Murphy South Indicated 1,108 16.0 53.2 12.9 0.08 0.4 Inferred 668 16.4 52.7 12.8 0.08 1.3 Boo-Loo Inferred 328 17.3 52.4 11.5 0.
Slide 19: Iron Road’s Journey
Iron Road’s Journey ASX IPO First drilling at CEIP – First Met Test Work Stage II drilling Maiden Resource • June 2008 Stage I • January 2009 • February 2009 - June • Boo-Loo • $0.20 per share • September 2008 • High quality concentrate 2009 • 110Mt @ 19.4% Fe confirmed Global Exploration Stage III
Slide 20: Hambidge
Hambidge • Completed four widely spaced traverses –12 diamond holes and 5,388m of drilling. • The magnetic anomaly targeted at Hambidge is over 3km in length and over 1km wide. • Several drill holes intersected continuous magnetite gneiss of up to 200m apparent thickness. • An exploration target of
Slide 21: Gawler Iron Project
Gawler Iron Project • Stage I RC drilling completed 2010 • Current Stage II diamond drilling programme testing five known iron ore prospects and one new target. • Comprises 26 diamond drill holes for 3,000m with holes up to 200m depth. • Pilot metallurgical study completed 2010 indicates excellent b
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