Legacy Iron Ore Ltd · ASX:LCY
Legacy Iron Ore — Shareholder Meeting (November 2010)
64 slides from Legacy Iron Ore's shareholder meeting presentation, Nov 29, 2010
Slide 1: November 2010 Annual General Meeting – Exploration Update
For personal use only PERTH WESTERN AUSTRALIA November 2010 Annual General Meeting – Exploration Update
Slide 2: Forward Looking Statement
Forward Looking Statement IRON ORE LIMITED For personal use only 2 This document or presentation may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Legacy Iron Ore Limited‟s planned exploration program and other statements that a
Slide 3: Executive Summary
Executive Summary IRON ORE LIMITED For personal use only 5 A diversified Australian exploration company with an exploration focus on iron ore, manganese, base metals and gold Recent farm – in to the Mt Bevan hematite – magnetite project in the Yilgarn. Major funded project with extensive drillin
Slide 4: Legacy Project Locations
Legacy Project Locations IRON ORE LIMITED For personal use only 4 Iron Ore Projects Mt Bevan Robertson Range Hamersley Manganese Projects Robertson Range Gold Projects Mt Bevan South Laverton East Kimberley Base metal Projects East Kimberley – Koongie Park
Slide 5: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 5 A joint venture between Legacy and Hawthorn Resources Ltd – Legacy can earn 60% by expending $3.5m to develop the project to prefeasibility. The project covers the northern parts of the Mt Ida Archaean greenstone belt. Holds ex
Slide 6: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 6 Located within the Yilgarn Iron Ore Province – a potential world class source of iron ore Numerous major projects under drilling/pre feasibility: Mt Mason/Mt Ida/Mt Alfred - Jupiter Mines Cashmere Downs - Cashmere Iron Mt R
Slide 7: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 7 The Mt Bevan Project is located approximately 100km west of the Leonora township in the Yilgarn Iron Ore Province of Western Australia The project area lies immediately north and along strike of the iron ore resources defined by
Slide 8: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 8 Aeromagnetics and field mapping shows the presence of at least two extensive BIF horizons. These BIF units host shallow hematite and underlying magnetite iron mineralisation The BIF horizons are interrupted in the middle of the
Slide 9: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 9 Iron mineralisation noted to date in outcrop or subcrop includes pods of hematite of up to 20m in width and several hundred metres in strike length. Most work has been directed to the southern portion of the tenement where it abu
Slide 10: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 10 3 types of iron mineralisation have been intersected in early drilling: Hematite – shallow, small pods defined to date Magnetite – limited drilling has shown large thicknesses of magnetite bearing BIF of ore grade and quality.
Slide 11: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 11 Cross section showing the three types of iron mineralisation
Slide 12: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 12 RC drilling and Drilling chip trays showing hematite and magnetite mineralisation
Slide 13: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 13 Exploration has only tackled a fraction of the prospective BIF horizons to date. Substantial potential for hematite DSO iron ore, but there is major potential for a very large tonnage of magnetite iron ore. Last phase of drill
Slide 14: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 14 Footwall of magnetite units not reached in most instances – thicknesses of circa 100m evident in limited drilling Similar thicknesses and geometry seen along strike to south by Jupiter Mines in recent drilling Davis Tube Recov
Slide 15: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 15 Excellent potential for the project to contain very large tonnages of high grade, impurity free magnetite with potentially low strip ratios. On present knowledge, we consider the project area to hold an exploration target for ma
Slide 16: Mt Bevan Iron Ore – From Mine to Smelter
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 16 FROM MINE TO SMELTER WATER SUPPLY Potable water is required for magnetite processing. One option is to use dry extraction, and/or to produce a concentrate that can be finally processed overseas (China). POWER Potential sources f
Slide 17: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 17 Potential Transportation Scenario Esperance Port Facilities
Slide 18: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 18 Initial 5000m RC drilling programmed for early 2011. Flora survey completed, awaiting final government approval Drilling to test to depths of approx. 200m over a 5km strike Program objective to provide an initial JORC complian
Slide 19: Pilbara Iron Ore and Manganese
Pilbara Iron Ore and Manganese IRON ORE LIMITED For personal use only 19 Projects are close to significant iron ore and manganese resources Both projects located within 60km of existing railway infrastructure Significant mineralisation already defined in both project areas – drilling targets i
Slide 20: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 20 Exploration licences in the eastern Pilbara region, covering an area of 800km2. The 2 major licences granted recently. FerrAus Ltd and Atlas Iron Ltd have defined approximately 460Mt of high grade hematite iron ore in adjoining gr
Slide 21: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 21 *FerrAus November 2010 Legacy Regional Ground Position
Slide 22: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 22 High resolution satellite imagery has identified: fourteen iron ore targets four manganese targets four fault controlled alteration targets Reconnaissance sampling has returned results to 55.7% Fe Reconnaissance RC drillin
Slide 23: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 23 Jim Jim 1 Base of hill showing iron Jim Jim 3 Outcropping hematite rich iron mineralisation scree and local dune cover mineralisation
Slide 24: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 24 Magnetic anomalies in the northeast sector of E45/3395, potentially representing extensive Channel Iron Deposit (CID) mineralisation. Magnetic features extend for at least 7km, in a southwest to northeast direction If CIDs, thes
Slide 25: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 25 NE area overlain by widespread alluvial and dune cover. Reconnaissance Aircore drilling program recently completed Northeast sector of CID target area on E45/3395. Alluvium and sand dune covered terrain
Slide 26: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 26 Transported ferruginous deposits intersected up to 5m thick and 200m width. Iron assays to 42%, most in range 25 – 35% Fe. Further drilling and beneficiation assessment recommended Air core drilling of CID targets in NE sector
Slide 27: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 27 Location of manganese tenements – E46/818 Local Geology
Slide 28: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 28 Legacy ground close along strike from Nicholson Downs manganese mine (previously known as Balfour Downs deposit) Nicholson Downs has expected mine life of 10 years with target of 600,000 tpa of lump ore High grade ore, low c
Slide 29: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 29 E46/818 is underlain by rocks of the Bangemall Basin - Manganese Subgroup. The Manganese Subgroup is an important suite of dominantly shales and dolomites which hosts several major manganese mines to the north (Nicholson Downs
Slide 30: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 30 E46/818 FIRST EXPLORATION JULY 2010 Early exploration shows very thin alluvium over sequence containing manganese mineralisation. 370 square kilometres of untested, highly prospective ground Manganiferous shales under very sha
Slide 31: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 31 E46/818 FIRST EXPLORATION JULY 2010 Geological mapping and regolith geochemistry in 2011. Airborne EM survey planned, followed by RC drilling of significant EM conductors Narmana Prospect – large low hill with outcropping mang
Slide 32: Pilbara Iron Ore and Manganese
Pilbara Iron Ore and Manganese IRON ORE LIMITED For personal use only 32
Slide 33: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 33 Located within 60km of regional railway infrastructure Two granted exploration licences, 50km west of Tom Price and covering an area of 52.3km2 Surrounds part of the Beasley River Channel Iron Deposit (“CID”) ~ 400Mt at 56.6% Fe* * Th
Slide 34: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 34
Slide 35: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 35 Quickbird Satellite Imagery showing „high iron‟ targets in purple, central Beasley River CID deposit and Beasley River East Prospect on an eastern tributary to Beasley River
Slide 36: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 36 First helicopter reconnaissance discovers high grade CID mineralisation at Beasley River East prospect.
Slide 37: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 37 Beasley River East prospect (view to south) Hamersley Iron Beasley River CID to far right
Slide 38: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 38 Beasley River East prospect – CID mineralisation
Slide 39: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 39 15 samples average over outcropping 300m strike length: 54.7% Fe or 61.1% CaFe Low silica-alumina and phosphorus Potential for further mineralisation along tributary channel, and at other CID target areas. RC drilling planned to d
Slide 40: Gold Projects
Gold Projects IRON ORE LIMITED For personal use only 40 Legacy has two key regions of interest within the gold portfolio: the South Laverton and East Kimberley regions Mineral Resource inventory of 90,900oz Both projects in mineralised corridors with a long history of discovery and production.
Slide 41: South Laverton
South Laverton IRON ORE LIMITED For personal use only 41 Located 120km to 180km north- east of Kalgoorlie In the Norseman-Wiluna greenstone belt, Eastern Goldfields of Western Australia
Slide 42: South Laverton
South Laverton IRON ORE LIMITED For personal use only 42 The extensive project area contains numerous major gold resources and mines including Granny Smith, Wallaby, Sunrise Dam, Carosue Dam, Porphyry, Safari and Red October Past exploration fragmented, hindered by cover, deep weathering etc T
Slide 43: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 43 Mount Celia Along strike to south of world class Sunrise Dam and Wallaby gold mines (8 Moz gold each)
Slide 44: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 44
Slide 45: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 45 Mount Celia The two key prospects: Kangaroo Bore (46,000oz Indicated Resource) and Blue Peter lightly tested, extensive historic workings Kangaroo Bore historic gold workings – view along strike
Slide 46: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 46
Slide 47: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 47 Above: Blue Peter historic gold workings – view along part of 2km strike
Slide 48: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 48 Blue Peter Focus by previous explorers on Kangaroo Bore – extensive Blue Peter system only lightly drill tested. Several sub parallel lines of workings plus extensive dryblowings – point to large bulk tonnage potential. S
Slide 49: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 49 Blue Peter Excellent first pass drilling results include: DRILLHOLE FROM – TO INTERSECTIONS BPC 01 28-31m 3m @ 21.71 g/t gold including 1m @ 62.75 g/t gold BPC 011 56-60m 4m @ 12.11 g/t gold including 2m @ 19.67 g/t gold BPC 01
Slide 50: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 50 Blue Peter Significant gold mineralisation in four zones along shear system Combined strike length of 740m
Slide 51: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 51 Blue Peter Good widths/grade Visible coarse gold All zones open at depth, and in most cases along strike
Slide 52: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 52 Blue Peter A second RC drilling program just completed Total of 3100m, 50 drill holes. Objective to test/extend gold zones along strike and at depth Drilling should enable JORC resource to be calculated for most of the
Slide 53: South Laverton
South Laverton IRON ORE LIMITED For personal use only 53 Stophanis Well Highly prospective structural position Historic gold workings – with recent Patricia open cut gold mine South Laverton Project tenements on regional geology, showing major mines
Slide 54: South Laverton
South Laverton IRON ORE LIMITED For personal use only 54 Stophanis Well Nine priority gold in soil anomalies To date, reconnaissance RAB drilling has been completed over 4 of the anomalies. Patricia North is best gold prospect to date Tenements over geology and grey-scale aeromagnetics
Slide 55: South Laverton - Stophanis Well
South Laverton - Stophanis Well IRON ORE LIMITED For personal use only 55 Patricia gold mine (abandoned) view to south
Slide 56: South Laverton - Stophanis Well
South Laverton - Stophanis Well IRON ORE LIMITED For personal use only 56 Stophanis Well Recent drilling successful in defining a northerly extension of the Patricia gold mine into Legacy ground 3 mineralised zones outlined by RAB drilling to date Western zone: gold anomalism over 800m strik
Slide 57: East Kimberley
East Kimberley Project IRON ORE LIMITED For personal use only 57 7 recently granted exploration licences in the East Kimberley Located 347km south of Kununurra and covering an area of 370km2 Highly prospective for gold and base metal mineralisation Three key projects: Ruby Plains - gold
Slide 58: Koongie Park
Koongie Park Project IRON ORE LIMITED For personal use only 58 Located 25km southwest of Halls Creek and adjacent to Anglo Australian Resources‟ (AAR) Koongie Park major base metal deposit AAR‟s Koongie Park deposit is a Volcanogenic Hosted Massive Sulphide Deposit (VHMS) – Sandfire‟s Doolgunna
Slide 59: Koongie Park
Koongie Park Project IRON ORE LIMITED For personal use only 59 AAR‟s Koongie Park in feasibility stage. Current Resource of 4.46 million tonnes at 3.2% zinc, 0.9% lead, 0.8% copper, 26 g/t silver and 0.31g/t gold. Main base metal deposits at Onedin and Sandiego Recent drilling at Sandiego hi
Slide 60: Koongie Park
Koongie Park Project IRON ORE LIMITED For personal use only 60 Legacy ground has southern extensions of mineralised host stratigraphy plus lightly explored prospects e.g. Earth Dam Full analysis of past exploration data underway Geochemical and ground EM planned Geophysical techniques much i
Slide 61: Legacy – A Snapshot
Legacy – A Snapshot IRON ORE LIMITED For personal use only 61 Well funded and managed WA explorer Highly prospective iron ore, manganese, base metal and gold projects – most discovered this year All projects close to infrastructure Several projects at drill ready stage to define reserves S
Slide 62: 2011 Major Exploration Objectives
2011 Major Exploration Objectives IRON ORE LIMITED For personal use only 62 Mt Bevan Iron Ore – successive major drill campaigns to prove up DSO hematite and magnetite resources Robertson Range and Hamersley Iron Ore – drill test iron ore discoveries at Jim Jim, and Beasley River East Robertso
Slide 63: Supporting Statement
Supporting Statement IRON ORE LIMITED For personal use only 63 Legacy Iron Ore Limited 2010 Legacy Iron Ore Limited does not make any representations or warranties of any kind, whether expressed or implied, regarding this presentation, including without limitation, any warranty regarding the accurac
Slide 64: For personal use only
For personal use only Hyatt Centre Suite 32, 23 Plain Street, East Perth, WA 6004 Tel: +61 8 9421 2005 Fax: +61 8 9421 2001 Web: www.legacyiron.com.au
Legacy Iron Ore — Shareholder Meeting (November 2010) on 6ix