Pearl Gull Iron Limited · ASX:PLG
Pearl Gull Iron — Investor Presentation (February 2022)
18 slides from Pearl Gull Iron's investor presentation, February 2022
Slide 1: Pearl Gull Iron Limited
Pearl Gull Iron Limited Premium Iron Ore Development Opportunity Investor Presentation | February 2022
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Pearl Gull Iron Limited ABN 62 621 103 535 (ASX:PLG) (Pearl Gull or the Company) and contains information about Pearl Gull current at the date of this presentation. The presentation is in summary form, has not been independently verified and does not
Slide 3: Capital Structure (ASX: PLG)
Capital Structure (ASX: PLG) Major Shareholders Shareholder % Capital Structure Holder Shares % of SOI Fully Paid Ordinary Shares 100,027,858 Cockatoo Iron NL 43,250,001 43.24% Share Price (10/02/2022 $0.065 close) Jasper Hill Resources Pty Ltd <T A/C> 2,194,082 2.19% Cockatoo Iron NL Market Cap (un
Slide 4: Investment Highlights (ASX:PLG)
Investment Highlights (ASX:PLG) Initial drill campaign Granted Tenements and Near-term News Flow and Ideal Location complete; Multiple Paths to Strong Team and Alliances Existing Infrastructure Cash Flow Revenue ● Cockatoo Island is located within ● Granted mining lease M04/235 in ● Drill campaign o
Slide 5: Cockatoo Island – Location & Layout
Cockatoo Island – Location & Layout Cockatoo Island has had a rich history of iron ore mining going back to the 1950’s. From 1951 to 2012 over 45Mt of ultra-high grade, low impurity Direct Shipping Ore (DSO) was mined and shipped. Camp accommodation (third party) Potable water bore field Rock armor
Slide 6: Company Strategy to Deliver Near Term Value
Company Strategy to Deliver Near Term Value The Company has a well considered strategy to deliver near term operations back to the island, that will generate significant returns to shareholders. Island and Relationship Funding and investor Exploration Strategy Project Strategy Development Strategy S
Slide 7: Project Overview - Switch Pit
Project Strategy Project Overview - Switch Pit The Switch Pit project comprises the continuation of the previously mined high grade sea wall mineralization, which crosses over to PLG tenements and is visible on surface. Observable Geology Current Exploration Potential Development ● Mineralisation ca
Slide 8: Switch Pit and North Bay Prospects– Initial Drill Results
Project Strategy Switch Pit and North Bay Prospects– Initial Drill Results Maiden Drilling Program Completed • Maiden diamond drilling program completed -> total of 19 holes and 2,774 metres • Results: - 6 holes received in their entirety - 2 partially received / outstanding - 11 wholly outstanding
Slide 9: Beneficiation Opportunity
Project Strategy Beneficiation Opportunity Historical Beneficiation Plant Operating on Cockatoo Island • There is a history of successful beneficiation on adjacent tenements. - This involved processing of approx. 8.8Mt of low-grade stockpiles at approx. 37.5% Fe from BHP mining operations – realisin
Slide 10: New technology– no need for a sea wall
Project Strategy New technology– no need for a sea wall Investigating innovative mining options to maximise Switch Pit recoverable tonnes • Historical mining operations on the adjacent tenements required the construction of an expensive sea wall to recover the valuable high-grade portion of the ore
Slide 11: Industrial Minerals: Subsea Ballast and Quarry Rock
Project Strategy Industrial Minerals: Subsea Ballast and Quarry Rock Context ▪ Cockatoo Island contains an abundance of material which is inert, iron and quartz-rich and heavy Forces at work under the sea (high SG). ▪ Subsea ballast is required for major oil and gas developments being undertaken in
Slide 12: Infrastructure Opportunity – Wharf/Supply Base
Development Strategy Infrastructure Opportunity – Wharf/Supply Base Context ▪ Cockatoo Island is ideally located to support the development of a large-scale supply base, wharf and new airstrip. ▪ There is currently insufficient supporting infrastructure in the region. ▪ KTS is the proponent of such
Slide 13: Transhipment Planning
Development Strategy Transhipment Planning • Transhipment is considered the most cost effective means of transporting material from the Company’s tenements • Low capital • Prior operations on Cockatoo Island on separate tenement were limited to Handymax type vessels which generally incur higher frei
Slide 14: Deliberate model to facilitate quick start up with limited upfront capex
Development Strategy Deliberate model to facilitate quick start up with limited upfront capex Initial drill campaign completed Existing airstrip Accommodation available • First drill campaign completed November 2021. • Existing airport in use. • Existing island accommodation being used • Some result
Slide 15: Building Relationships on the Island
Island and Relationship Strategy Building Relationships on the Island Dambi KTS Accom, Catering, Barge Other • Cockatoo Island lies within • PLG and KTS have a • PLG has a history of • Island serviced by multiple the Native Title strong working relationship supporting local island- flight charter co
Slide 16: The Case for High Grade Product
Development Strategy The Case for High Grade Product Consuming higher-grade ores can allow mills to produce steel more efficiently with less environmental impact Global Seaborne trade by grade of product ● The global iron and steel industry accounts for around 7-10% of global greenhouse gas emission
Slide 17: Next Steps for Pearl Gull
Next Steps for Pearl Gull Based on receipt of final assays from drill campaign, progress to resource estimation, metallurgical testwork and desktop studies Finalise the already developed Mining Proposal for the Switch Pit area and plan a near term, small scale DSO operation focused on Switch Pit Dep
Slide 18: Alex Passmore | Director, Jonathan Fisher | Director
ALEX PASSMORE | Director JONATHAN FISHER| Director E: alexp@pearlgulliron.com.au E: jonathan@pearlgulliron.com.au M: +61 438 558 149 M: +61 407 981 867
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