Legacy Iron Ore Ltd · ASX:LCY
Legacy Iron Ore — Investor Presentation (July 2014)
27 slides from Legacy Iron Ore's investor presentation, Jul 24, 2014
Slide 1: Legacy Iron Ore Limited Corporate Presentation July 2014
For personal use only Legacy Iron Ore Limited Corporate Presentation July 2014
Slide 2: Disclosure and Disclaimer
Disclosure and Disclaimer The information contained in this Report is of a general nature and is for information purposes only, and has been prepared by For personal use only Legacy Iron Ore Limited in good faith and with due care but no representation or warranty, express or implied, is provided
Slide 3: Our Vision and Strategy
For personal use only OUR VISION AND STRATEGY: To become a Major Producer of Premium Quality Magnetite, whilst continuing to advance and acquire other projects
Slide 4: Legacy Iron Ore – Investment Highlights
Legacy Iron Ore – Investment Highlights Legacy Iron Ore Limited (“Legacy Iron”) is a Perth-based Australian resources company For personal use only focused on the development of iron ore, base metals, gold and manganese deposits. Flagship Iron Ore Project - Mt Bevan JV (60%) East Kimberley 1 Focus o
Slide 5: Company Overview
Company Overview Legacy Iron is listed on the Australian Stock Exchange (ASX Code: LCY). The company For personal use only currently holds a 7.3% shareholding in JV partner Hawthorn Resources (ASX: HAW) 48.8% Capital Structure ASX:LCY Shares on issue 590.6m Options on issue 135.4m Fully diluted shar
Slide 6: Overview of Rights Issue
Overview of Rights Issue $25m to fund ongoing resource development Indicative Capital Structure1 2 For personal use only Total shares on issue (14 July 2014) 590.6m 3 for 1 renounceable rights issue at an offer price of New shares to be issued under offer 1,771.9m 1.4 cents per new share Shares on
Slide 7: Cornerstone Investor – NMDC (48.8%)
Cornerstone Investor – NMDC (48.8%) Major Indian shareholder National Mineral Development Corporation (“NMDC”) currently For personal use only holds a 48.8% stake in Legacy Iron. NMDC is committed to the company’s evolution from junior explorer to major iron ore producer India’s largest iron ore p
Slide 8: Experienced & Capable Board
Experienced & Capable Board Legacy Iron’s Board has extensive experience in commercialising large scale iron For personal use only ore projects into production and later divestment Narendra Kumar 28 years experience in the field of mining Nanda Joined NMDC in 1989. has served in various position
Slide 9: Expert Management Team Assembled
Expert Management Team Assembled Legacy Iron has assembled a management team with a high level of both technical For personal use only and commercial experience and a proven track record in resource project development and commodities markets Thirty years of experience with BHP Billiton, Alcoa, Si
Slide 10: Expert Management Team Assembled (cont)
Expert Management Team Assembled (cont) Legacy Iron has assembled a management team with a high level of both technical For personal use only and commercial experience and a proven track record in resource project development and commodities markets Geologist with 25 years experience in minerals e
Slide 11: Legacy Iron's Core Focus: Develop the Mt Bevan Iron Ore project
Legacy Iron’s Core Focus: Develop the Mt Bevan Iron Ore project For personal use only
Slide 12: Flagship Project – Mt Bevan
Flagship Project – Mt Bevan Mt Bevan is Legacy Iron’s prime exploration and development focus, with potential For personal use only to deliver a world class iron ore resource Mt Bevan is situated 100km west of Leonora in the Central Yilgarn, an emerging iron ore region of WA: - Close proximity to
Slide 13: High Quality Deposit at Shallow Depths
High Quality Deposit at Shallow Depths Mt Bevan has the potential for relatively low cost mining due to the For personal use only shallow nature of the ore body JORC Indicated resource calculated for only a 2km strike of the 10km strike mineralisation Shallow ore body with 100 metres + thick mag
Slide 14: Mt Bevan Joint Venture
Mt Bevan Joint Venture Legacy entered into a joint venture agreement with Hawthorn in October 2010. The For personal use only Company subsequently earned a 60% interest in Mt Bevan through exploration expenditure of $3.5m Legacy Iron has been engaged in discussions with Hawthorn regarding future d
Slide 15: Favorable Product Characteristics
Favorable Product Characteristics Mt Bevan’s iron ore product quality compares Product Recoveries - Test work For personal use only favorably with typical Western Australian iron Other WA Mt Bevan ore projects Projects Grind size required 50µm→55µm 26µm→35µm Excellent results from product recoveri
Slide 16: Direct Shipping Ore Potential
Direct Shipping Ore Potential A start-up DSO operation has the potential to provide near term cash flow For personal use only RC drilling programme of priority DSO hematite targets at Mt Mason North, Eastern BIF and Mezzo BIF to commence in August 2014 The southern boundary of Mt Bevan abuts Jupiter
Slide 17: Close proximity to existing infrastructure
Close proximity to existing infrastructure Mt Bevan – a viable logistics solution WA Rail and Port System For personal use only Mt Bevan is situated 100km north-west of the Mt Bevan town of Menzies in the Central Yilgarn Existing rail line from Menzies to the Port of Esperance (504km) - Cliffs R
Slide 18: Legacy Iron is pursuing opportunities across a broader portfolio of assets
Legacy Iron is pursuing opportunities across a For personal use only broader portfolio of assets
Slide 19: South Laverton Gold Project
South Laverton Gold Project Legacy Iron holds 460km2 of prospective ground South Laverton Projects Map For personal use only in the South Laverton project area, with existing JORC Resources South Laverton project area lies along the Keith Kilkenny Tectonic Zone and southern section of Laverton Tec
Slide 20: Pilbara Iron Ore & Manganese Projects
Pilbara Iron Ore & Manganese Projects Robertson Range – Manganese Pilbara Projects Map For personal use only Located 100km – 120km from Newman in the East Pilbara Exploration License E46/818 is prospective for manganese: - Located immediately south of Nicholas Downs manganese mine (owned by Hanc
Slide 21: East Kimberley Project
East Kimberley Project East Kimberley is prospective for gold, base East Kimberley Projects Map For personal use only metals, REE and manganese mineralisation Tenements are located in the Halls Creek area, 347km south of Kununurra in WA Koongie Park prospect (E820/4221) is contiguous with Anglo
Slide 22: Sharpening focus on core assets and disposing non core assets
Legacy Iron is sharpening its focus on core assets For personal use only and seeking to dispose or relinquish non core assets
Slide 23: Non Core Assets
Non Core Assets Tenements proposed for surrender Relinquishment of non core tenements For personal use only allowing directed focus on Legacy’s Lease Project Area Type core projects E80/3923 Antrim Plateau Manganese Critical assessment of Legacy’s exploration project E45/3395 Robertson Range Iron
Slide 24: Summary & Investment Highlights
Summary & Investment Highlights To become a Major Producer of Premium Quality Magnetite, whilst continuing to For personal use only advance and acquire other projects and mining assets Flagship Iron Ore Project - Mt Bevan JV (60%) 1 Focus on the development of a world class iron ore project at Mount
Slide 25: Our Vision and Strategy – Contact
OUR VISION AND STRATEGY: For personal use only To become a Major Producer of Premium Quality Magnetite, whilst continuing to advance and acquire other projects s Contact: Julian Mizera Legacy Iron Ore Limited Tel: +61 (8) 9421 2005 Email: info@legacyiron.com.au
Slide 26: Appendix – JORC Resources
Appendix – JORC Resources Mt Bevan JORC Resource Estimate1, 3 For personal use only Concentrate Classification Tonnes (Mt) Fe (%) (Mt) Indicated 322 34.7 142 Inferred 847 35.0 387 Total2 1,170 34.9 530 1 Please refer to the company’s JORC statement released to the ASX on 16 December 2013 2 Totals ma
Slide 27: Competent Person's Statement
Competent Person’s Statement For personal use only The information in this report that relates to Exploration Results, Exploration Targets, Mineral Resources or Ore Reserves is based on information compiled by Steve Shelton who is a member of The Australasian Institute of Geoscientists and a full ti