Accent Resources Nl · ASX:ACS
Accent Resources Nl — Shareholder Meeting (November 2009)
18 slides from Accent Resources Nl's shareholder meeting presentation, Nov 30, 2009
Slide 1: Magnetite Range – Mid West Magnetite Project AGM 2009
For personal use only Magnetite Range Mid West Magnetite Project AGM 2009
Slide 2: Overview
Overview • Revamped Project Focus – Magnetite Range For personal use only • Now 100% owned by Accent • Mid Western Locality is a hive of activity for Iron Ore • Resource Drilling Program finished – More than 19,000m of drilling completed • New magnetite zones in southern parts of project identified
Slide 3: Corporate Snapshot
For personal use only Corporate Snapshot Capital Structure Ordinary Fully Paid Shares @ 30 June 2009 126,000,233 Unlisted Options 12c (expire 31 July 2010) st 10,000,000 12 month high‐low $0.37 ‐ $0.055 Top 10 Shareholders (October 2009) Grandmaster Fortune Limited 21,563,603 Rich Mark Development (
Slide 4: Midwest – The Other Iron Ore Region
For personal use only Midwest – The Other Iron Ore Region Magnetite Range Project – Close to the Action
Slide 5: Strategic Location
Strategic Location • Adjacent to Emerging Producers For personal use only • Readily Accessible via Sealed Highway • Infrastructure Upgrades in Mid-West Region – Rail • 490km Oakajee Rail Network extension into Mid-West – to be confirmed – Energy • Looping of DBNG pipeline to increase supply to >900
Slide 6: Drilling Concluded - JORC Resource Next
Drilling Concluded - JORC Resource Next ¾Target 300 – 500 Mt * ¾ Extensive resource drilling completed For personal use only ¾128 holes RC & Core ¾ More than 19,000 metres of drilling ¾Excellent results in southern parts ¾Awaiting final assay data 9All intervals subject to davis tube recovery 9Will
Slide 7: Southern Parts Exceed Expectations
Southern Parts Exceed Expectations 91.5m @ 50.6% mass recovery to a 69.2% Fe For personal use only concentrate in hole MGD019 from 90.5m 118m @ 43.2% mass recovery to a 67.5% Fe concentrate in hole MGD018 from 76m 188 m @ 45.7% mass recovery to a 67.6% Fe concentrate in hole MGD021 from 113m 128m @
Slide 8: Types of Mineralisation at Magnetite Range
Types of Mineralisation at Magnetite Range For personal use only 1. Coarse grained magnetite – low sulphur 2. Fine grained magnetite – low sulphur 2 3. Coarse grained magnetite – high sulphur 4. Fine grained magnetite – high sulphur 1 Focus is on the low sulphur types All types characterised by test
Slide 9: What the testwork shows
What the testwork shows Both low sulphur coarse and fine grained variants produced high quality magnetite For personal use only concentrate within the specifications for Blast Furnace pellet feed. The coarse grained low sulphur variant, which is a dominant type at Magnetite Range has excellent mass
Slide 10: Testwork – Magnetite Concentrates
Testwork – Magnetite Concentrates Coarse Grained Low Sulphur LIMS Concentrate P80 = 75 microns For personal use only Mass Recovery Fe SiO2 Al203 P S % % % % % % Concentrate 45.9 69.2 4.20 0.12 0.004 0.003 Head Assay 100 37.0 42.00 0.64 0.066 0.036 Fine Grained Low Sulphur LIMS Concentrate P80 = 45 m
Slide 11: Pre-concentration route favoured
For personal use only Pre-concentration route favoured Dry cobbing pre-concentration route •Reduces water consumption •Improves milling efficiency •Early rejection of contaminants ahead of milling The mass recovery of magnetite is higher than for many other local projects (>40%) Opportunity for reco
Slide 12: Concentrator Process Design Criteria
Concentrator Process Design Criteria Based on thorough bench-scale metallurgical testwork supervised by METS For personal use only Production Capacity 5 Mtpa concentrate Coarse grained types Plant Throughput 12.5 Mtpa Crushing Work Index average and max 5.4 kWh/t ;14.4 kWh/t Unconfined Compressive S
Slide 13: Concentrator Flowsheet Development
Concentrator Flowsheet Development Concentrator OPEX $A17.35/tonne concentrate (METS scoping level estimate +/-30%) For personal use only Comparable to Concentrator OPEX for other proposed Australian magnetite projects
Slide 14: Infrastructure Engineering
Infrastructure Engineering 9Infrastructure Review completed For personal use only 9Estimate of infrastructure necessary to support a 5Mtpa concentrator in progress 9CAPEX and OPEX being developed for infrastructure 9Materials handling testwork completed to assist with pumping and product transport 9
Slide 15: Not a remote deposit
Not a remote deposit Sealed Great Northern Highway Access For personal use only Adjoins Extension Hill Haematite & Magnetite Project – scheduled for development 45km from Karara Magnetite Project – scheduled for development 90km from existing rail network – upgrade rail or consider slurry pipeline t
Slide 16: Magnetite Range Revised Schedule
For personal use only Magnetite Range Revised Schedule Project Evaluation with greater economy •Improved competitiveness amongst contractors & consultants since GFC •Accent Resources leaner & more efficient •Large backlog of work to be cleared through testwork laboratories & consultants = significan
Slide 17: Evaluation Program - Achievements
Evaluation Program - Achievements 9More than19,000 metres of evaluation drilling completed – Resource imminent For personal use only 9Several composite samples subject to metallurgical characterisation 9Ability to produce saleable magnetite concentrate 9Development of metallurgical process flowsheet
Slide 18: Important notice and JORC compliance
Important notice and JORC compliance • This presentation has been prepared and issued by Accent Resources NL (“ACS”) with the objective of providing information to interested parties about ACS. This presentation should not be considered as an offer or invitation to subscribe for or purchase any secu
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