Mgx Resources Limited · ASX:MGX
Mgx Resources — Mount Gibson Iron — Global Iron Ore & Steel Forecast Conference 2023
19 slides from Mgx Resources's conference presentation, Mar 23, 2023
Slide 1: Global Iron Ore & Steel Forecast Conference
Mount Gibson Iron Limited MGX Global Iron Ore & Steel Forecast Conference 22-23 March 2023
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This Document may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval from Mount Gibson Iron Limited. This Document is not a Prospectus
Slide 3: Mount Gibson Iron Business Overview
Mount Gibson Iron Business Overview Kimberley Region Koolan Island • Australia’s highest grade hematite Direct Shipping Ore (DSO) with direct port access to market. • Major waste stripping program now complete and ore production is rising as the waste:ore stripping ratio reduces towards 1:1. • Signi
Slide 4: Corporate Overview
Mount Gibson Iron Corporate Overview MGX Share Price 0.8 (last 12 months) Share Price (A$/share) Issued shares 1,214 million shares 0.7 0.6 Market capitalisation A$620 million ($0.51/share) 0.5 0.4 Cash/investments A$41 million (31 December 2022) 0.3 Bank Borrowings A$25 million (A$100 million facil
Slide 5: Strong fundamentals for 2023 and beyond
Mount Gibson Iron Strong fundamentals for 2023 and beyond Long-established mid-tier iron ore miner and one of the highest grade and lowest impurity direct shipping iron ore producers globally. On track to deliver significantly increased iron ore sales and operating cashflows from the June quarter 20
Slide 6: December 2022 Half Year Summary
Mount Gibson Iron December 2022 Half Year Summary Shipment rate to accelerate Crusher repairs and interim High grade ore production processing continued to rise Ore sales of 1.1 Mwmt in December half year, tracking to rise Interim crushing delivering ore at rate Ore production continues to rise of ~
Slide 7: Market Conditions: Iron Ore Pricing
Market Conditions Iron Ore Pricing – US$ Iron Ore Price (US$/dmt CFR fines North China) Prices have recovered rapidly 300 since briefly dipping <US$80/t CFR in November 2022. 250 Sentiment driven by expectations of rapid Chinese recovery as it 200 exits “Zero Covid”. Prices well supported in 2023, w
Slide 8: Market Conditions: Grade Premiums and Discounts
Market Conditions Grade Premiums and Discounts High Grade Premium / Medium Grade Discount 1.0 Foreign Exchange Rate (% per dmtu relative to 62% index) 0.9 (A$:US$) 50% 0.8 Grade pricing differentials have 0.7 remained relatively steady as prices 40% 0.6 0.5 have lifted in 2023. 30% The high-grade pr
Slide 9: Koolan Island
Koolan Island A high grade and low impurity direct-shipping iron ore product WA Direct Shipping Iron Ore Fines Products WA Direct Shipping Iron Ore Fines Products WA Direct Shipping Iron Ore Fines Products Comparative Iron & Phosphorus Comparative Iron & Alumina Comparative Iron & Silica Fe % Fe % F
Slide 10: Koolan Island
Koolan Island Fully equipped stand-alone mining, processing and shiploading infrastructure Koolan Island is located in Yampi Sound in the Buccaneer 1km Archipelago off the northern Kimberley coast of Western Australia, approximately 130 kilometres north of Derby. N Acacia East deposit Original Airst
Slide 11: Koolan Island Main Pit Operations
Koolan Island Main Pit Operations Eastern End Seawall Footwall Hanging wall Main Pit, looking east, Western March 2023. End 11
Slide 12: Koolan Island Main Pit Operations
Koolan Island Main Pit Operations High grade ore mining in central portion of Main Pit, March 2023. 12
Slide 13: Koolan Island: Substantial progress over the last months
Koolan Island Substantial progress over the last 12 months Mining in Main Pit, March 2023. Ore production has risen rapidly since bulk stripping and upper footwall ground support works were completed. Currently over 1.1 Mwmt of high grade ore is stockpiled ready for crushing as processing capacity r
Slide 14: Koolan Island Processing and Shiploading
Koolan Island Processing and Shiploading Shiploading operations, processing facilities and high grade ore stocks, March 2023. 14
Slide 15: Carbon Emission Reductions
Carbon Emission Reductions Seeking to accelerate the trend Mount Gibson supports the intent of the Paris Agreement Greenhouse gas emissions – MGX sites and 2021 Glasgow Climate Pact to reduce global carbon 80,000 74,983 4.0 70,351 emissions and limit global warming to less than 1.5oC above pre-indus
Slide 16: Mid-West Business
Mid-West Business Value generation options Shine Iron Ore Project maintained in low-cost care and maintenance state to preserve value and optionality. Mid-West rail refund stream continues to accrue at ~A$2 million/quarter, based on third party rail volumes on the Mid-West network. Circa A$28m of A$
Slide 17: An established niche producer of high grade iron ore products
Mount Gibson Iron An established niche producer of high grade iron ore products with accelerating sales An established independent mid-tier iron ore producer offering meaningful exposure to production growth of high grade (65% Fe) hematite iron ores. Imminent pathway to materially higher sales and c
Slide 18: Mount Gibson Iron Limited
Mount Gibson Iron Limited (ASX: MGX) Presentation authorised by Peter Kerr, Chief Executive Officer MGX Mount Gibson Iron Limited +61 (0)8 9426 7500 www.mtgibsoniron.com.au 18
Slide 19: Supplementary Information
Supplementary Information Mineral Resources and Ore Reserves Information at 30 June 2022* Koolan Island Total Group Mineral Resources and Ore Reserves at 30 June 2022 (above 50% Fe) Tonnes Fe SiO2 Al2O3 P millions % % % % Tonnes Fe SiO2 Al2O3 P Mineral Resources, above 50% Fe millions % % % % Measur
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