Apollo Minerals Limited · ASX:AON
Apollo Minerals — Mines & Money December 2008
17 slides from Apollo Minerals's conference presentation, Dec 3, 2008
Slide 1: Investment in Long Term Steel Demand
For personal use only Mi Mines & Money M December D b 2008 Sevag Chalabian - Chairman Investment in Long Term Steel Demand
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Apollo Minerals Limited (“Apollo” or the “Company”). It should not be considered as an offer or invitation to subscribe for, for or purchase any, any securities in the Company or as an inducement to make an offer or invitation w
Slide 3: Investment in Long Term Steel Demand
Investment in Long Term Steel Demand For personal use only • $7m ASX IPO, October 2007 (ASX:AON) • $20 market capitalisation • Apollo’s objectives are to: - open a window to long term iron ore supply - build new high value iron ore resources - deliver high quality iron ore - create a platform for Ch
Slide 4: Corporate
Corporate For personal use only Apollo’s key investors: • Tiger Resources 32% • Hugo Natural Resources 10% (Chinese partner nominee) • Artemis Resources 5% Board of Directors Sevag Chalabian (Chairman) AON Share price – from listing (31st October 2007) Mike Drew (Chief Operating Officer) Wang Jiangu
Slide 5: Portfolio Fundamentals
Portfolio Fundamentals For personal use only Existing and future iron ore projects are brought into Apollo on the following criteria: • Iron ore product that ultimately can be sold to our partners • Exploration/development in proven resource j risdictions jurisdictions • Political risk - supportive
Slide 6: Apollo's Portfolio
Apollo’s Apollo s Portfolio For personal use only • Mt O M Oscar Iron I Ore O Project P j in i Western Australia Over 6km of BIF outcropping at surface, grades d up to t 55% F Fe • Commonwealth Hill Iron Ore, Gold & Uranium in South Australia 6 tenements covering 1,830km2 4 iron ore targets identifi
Slide 7: Flagship Project - Mt Oscar
Flagship Project - Mt Oscar For personal use only • Pilbara, Western Australia – world’s richest iron ore province i • Located in Cleaverville formation which is home to a number of existing and planned iron ore projects • Close to port, road, rail and other infrastructure • Magnetite rich Banded Ir
Slide 8: Mt Oscar Project Location
Mt Oscar Project Location For personal use only December 2008
Slide 9: Mt Oscar Development Time Line
Mt Oscar Development Time Line For personal use only First phase drilling to commence Q1 2009 Targeting resource size/inferred resources Initial metallurgical test work Q2 2009 Feasibility eas b y a and d financing a c g Development p and offtake to the Chinese steel market December 2008
Slide 10: RC holes completed for 5,283m
For personal use only • 27 RC holes completed p for 5,283m • Magnetite ore intercepts up to 178m • 27 holes drilled – Aeromag results confirms anomalies 1&2 (Information correct at 19/11/08)
Slide 11: Commonwealth Hill
Commonwealth Hill For personal use only • 6 tenements covering 1,830km2, near Coober Pedy in South Australia • Prospective for iron, gold, uranium • Previously explored by private & government agencies (minimum target resource of 50MT defined) • 4 iron ore targets identified • Agreement with Western
Slide 12: Chinese Strategic Investor
Chinese Strategic Investor For personal use only Chinese iron & steel p partner – 10% stake in Apollo p What does it mean for Apollo? Long term partnerships: • Ready off-take off take customer • Delivery to steel market • Provides a route to market (China) • Underpins project economics
Slide 13: Iron Ore Prices
Iron Ore Prices For personal use only Benchmark Iron Ore Prices 2003-2008 and Forecast for 2009 120 100 80 S$/tonne 60 US 40 20 0 2003 2004 2005 2006 2007 2008 2009 Source: Fortescue Metals *Forecast price reduction in 2009 (Source Goldman Sachs)
Slide 14: Annual Steel Consumption (mtpa)
Annual Steel Consumption (mtpa) For personal use only el (mtpa) Stee Source: International Iron & Steel Institute (World Steel in Figures, 2008), US Geological Survey (Iron and Steel Statistics, 3 January 2008) and BHP Billiton estimates (BHP Billiton, Preliminary Results, 30 June 2008
Slide 15: China and iron ore market
China and iron ore market For personal use only • World’s 4th largest economy with GDP of US$3.28 trillion (IMF, 2007) • World’s largest steel producer (500 Mt in 2008 - China Iron and Steel Association, Oct 2008) and largest consumer of iron ore (46% of global consumption – General Administration o
Slide 16: What does a share in Apollo buy you?
What does a share in Apollo buy you? For personal use only • Large iron ore project - Mt Oscar • Pilbara region – Western Australia - existing iron ore infrastructure - established iron ore province • Well funded • Key Chinese investor holding 10% - route to market December 2008
Slide 17: Contacts
Contacts For personal use only For more information please contact: Sevag Chalabian Chairman Apollo Minerals Limited Tel: +618 9322 6544 Email: sevag@apollominerals.com.au g@ p www.apollominerals.com.au Investor Relations Threadneedle Communications Laurence Read/Beth Harris Tel: 020 7653 9850 Email