Iron Bear Resources Ltd · ASX:IBR
Iron Bear Resources — Cape Lambert Resources — Investor Presentation (October 2010)
22 slides from Iron Bear Resources's investor presentation, Oct 21, 2010
Slide 1: ASX Announcement – Investor Presentation
ASX Announcement 21 October 2010 Cape Lambert is an Australian domiciled, mineral investment company. Its current investment INVESTOR PRESENTATION portfolio is geographically diverse and consists of mineral assets and interests in mining and exploration companies. The Company’s Executive Chairman, M
Slide 2: Mayoko Iron Ore Project
Mayoko Iron Ore Project Republic of Congo, West Africa October 2010
Slide 3: Disclaimer and Competent Person
Disclaimer and Competent Person Disclaimer This presentation has been prepared by Cape Lambert Resources Limited (“Cape Lambert” or the “Company”). It is not a disclosure document and should not be considered as an offer or invitation to subscribe for, or purchase any securities in the Company or as
Slide 4: Background on DMC Mining Limited (“DMC”)
Background on DMC Mining Limited (“DMC”) • DMC Mining Limited (ASX: DMM) was listed in July 2007 and acquired an 80% interest in the Mayoko Iron Ore Project (“Mayoko Project”) in December 2007. • DMC completed – regional exploration, – diamond drilling, – initial scoping study, – secured access to r
Slide 5: Snapshot
Snapshot The Mayoko Project is located in the politically stable Republic of Congo and is directly connected to the Atlantic sea port of Pointe Noire by an operational railway. Cape Lambert owns 80% of the Mayoko Project. Mayoko Project has an existing DSO Inferred Mineral Resource of 33Mt at
Slide 6: Ownership Structure
Ownership Structure Cape Lambert owns 80% of the Mayoko Project, through two subsidiary companies. Cape Lambert owns 100% of DMC Mining Limited (“DMC”) (a company registered in Australia). DMC owns 80% of the issued capital of DMC Iron Congo SARL (“DMC Iron Congo”) (registered in the Republic
Slide 7: Mayoko Project – Overview
Mayoko Project – Overview The Mayoko Project is located in the south west corner of the Location Republic of Congo and is approximately 300km to the north east of the port city of Pointe Noire. The Republic of Congo (“RoC”) is a former French colony with a population of ~3.7 million. The country has
Slide 8: Mayoko: Mt Lekoumou – Mt Mipoundi
Mayoko: Mt Lekoumou – Mt Mipoundi The main prospects discovered to date are Mt Lekoumou and Mt Mipoundi. Mt Lekoumou has an Inferred Mineral Resource of 33Mt at 56% Fe (with a 50% Fe cut-off) prepared in 2008 based on 36 shallow diamond drill holes completed by ICES-Geomin in 1974-75. 18 diamo
Slide 9: Mt Lekoumou - Geological Cross Section
Mt Lekoumou - Geological Cross Section Supergene hematite (DSO) present as: Hard cap and in-situ material. Transported (detrital) material. Enriched BIF (bDSO): Weathered, soft BIF with coarse hematite. Magnetite BIF: 32-36% Fe, typically higher grade than other projects. High Qualit
Slide 10: Geological Profile
Geological Profile Mt Lekoumou - DSO Ore (Supergene Hematite) MKDD003 (0.0-8.0m) 8m at 58.3% Fe, 3.1% SiO2, 6.4% Al2O3, 0.05% P, 0.05% S Mt Mipoundi - bDSO Ore (Enriched BIF) MKDD006 (38.0-46.0m) 8m at 40.4% Fe, 39.3% SiO2, 1.5% Al2O3, 0.05% P, 0.01% S Mt Mipoundi - Magnetite BIF MKDD002 (259.0-267.
Slide 11: Rail Infrastructure
Rail Infrastructure The Mayoko Project to Point Noire railway is 439km long and runs directly to the wharf of the established deep water port at Pointe Noire. COMILOG hauled up to 3.1Mtpa of manganese ore from Gabon. Bulk haulage ended in 1991, when the trans-Gabon railway was established. CFC
Slide 12: Rail Infrastructure
Rail Infrastructure Railway Bridge over the Louesse ‘ River near Mayoko Mayoko to Pointe Noire Rail Line Locomotive using the Mayoko to Pointe Noire Rail Line Railway Bridge over the Louesse ‘ River near Mayoko 11
Slide 13: Port Infrastructure
Port Infrastructure The port of Pointe Noire is located on the Atlantic coast and is the sole port for import and export of goods for RoC. PAPN is a government owned authority and is the owner and operator of the Pointe Noire port facility and infrastructure. The existing port has a draft of a
Slide 14: Mayoko - Target Size and Regional Potential
Mayoko - Target Size and Regional Potential 2009 airborne magnetic survey defined 6 targets within 220km2 survey area – only 22% of Mayoko license. Mayoko Project now has an exploration target size of 0.9-1.3Bt1 of iron ore mineralisation, which consists of: Mt Lekoumou-Mt Mipoundi-Lekoumou Sout
Slide 15: Project Plan – Production Target 2013
Project Plan – Production Target 2013 The exploration and development strategy for the next two years will allow the Mayoko Project to move to initial production with a planned steady state 5Mtpa (from 2013) then potentially to 10Mtpa. Upgrade and increase DSO JORC Resource, generate initial bDS
Slide 16: Central West Africa – Recent Transactions
Central West Africa – Recent Transactions 15
Slide 17: Australian Listed Peer Comparison
Australian Listed Peer Comparison Market First Target Prod'n + EV ($m) Key Asset/s Location Forecast CAPEX Project Resource Cap ($m) Production (Mtpa) 60Mt - 80Mt Hematite Resource Mayoko Iron Ore Republic A$250m (company (Exploration Target) N/A N/A Mayoko 2013 5Mtpa Project of Congo estimates) 600
Slide 18: Board of Directors (in event of sell down)
Board of Directors (in event of sell down) TBA Executive search currently underway. Managing Director More than 30 years of top level experience in Western Australia and international mining. Current Non-executive Director of Fortescue Metals Group. Non-executive Chairman of NRW Holdings Ltd
Slide 19: Investment Highlights
Investment Highlights Near term (<3 years) potential DSO production. Potential DSO production of 5Mtpa for +10 years, then (and as a DSO complement) bDSO, with substantial magnetite mine life thereafter. Excellent infrastructure endowment – within 2km of, and access to, heavy haulage mineral r
Slide 20: APPENDIX
APPENDIX 19
Slide 21: Scoping Study Economics Overview (June 2008)
Scoping Study Economics Overview (June 2008) 20
Slide 22: Key Risks
Key Risks • The Company has limited operating history on which an evaluation of its prospects can be made. Furthermore, its Mayoko Project is at exploration stage. The prospects of the Company must be considered in the light of the risks, expenses and difficulties frequently encountered by companies
Cape Lambert Resources — Investor Presentation (October 2010) on 6ix