Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Mines and Money Hong Kong 2014
18 slides from Centaurus Metals's conference presentation, Mar 24, 2014
Slide 1: Closing on production and cash flow: Developing the Jambreiro Iron Ore Project, Brazil
Closing on production and cash flow: Developing the Jambreiro Iron Ore Project, Brazil For personal use only • Low costs • Strong margins • Long life Darren Gordon – Managing Director
Slide 2: Disclaimer
Disclaimer This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into a
Slide 3: Centaurus – On the Cusp of Iron Ore Production
Centaurus – On the Cusp of Iron Ore Production Developing low capital, operating cost mines near existing infrastructure + customers in SE Brazil For personal use only Poised to begin construction of initial 1Mtpa Jambreiro Project targeting domestic market: Fully permitted for development and opera
Slide 4: Corporate Overview
Corporate Overview Capital Structure Broker Research Shares on Issue 196.0m 12-Month For personal use only Broker Date Recommendation Options & Performance Rights 12.6m Price Target Canaccord Genuity 23-12-13 Buy $0.61 Share Price A$0.16 Market Capitalisation A$31.4m Ord Minnett 14-01-14 Buy $0.53 C
Slide 5: Centaurus Key Personnel – Board and Management
Centaurus Key Personnel – Board and Management Board Senior Management Didier Murcia – Independent Non-Executive Chairman For personal use only Lawyer, 25 years experience, Non-executive Director – Gryphon Minerals and Cradle Resources. Honorary Australian Consul to Tanzania John Westdorp: Chief Fin
Slide 6: Brazilian Iron Ore Market
Brazilian Iron Ore Market Large domestic market for iron ore consumption For personal use only Significant market opportunity with major steel mills located within 150km radius of key Centaurus Projects Domestic market provides platform to expand production base into the export market Brazil Crude S
Slide 7: Brazilian Domestic Project Hub
Brazilian Domestic Project Hub For personal use only Major Ports Existing Rail Lines MRS EVFM FCA/Other Rail Line Under Construction Ferrovia Oeste-Leste City Centaurus Project 7
Slide 8: Domestic Project Hub
Domestic Project Hub For personal use only o 216Mt JORC Resource base – four projects o Cornerstone = 350km Jambreiro Project (128Mt) – 110km from Ipatinga steel- 110km making region o Initial JORC Ore Reserve at Major Ports Jambreiro of 140km Existing Rail Lines 48.5Mt MRS EVFM o Future growth FCA/
Slide 9: Overview
Jambreiro – Overview BFS completed in November 2012 for 2Mtpa Project For personal use only Start-up production rate of 1Mtpa under low CAPEX scenario: A$53M pre-production CAPEX Minimises funding risk and secures timeline to production and cash flow by H1 2015 Consistent and reliable supplier of hi
Slide 10: Financial Evaluation
Jambreiro – Financial Evaluation Project Assumptions For personal use only Initial mine life 18 years Strip ratio 0.97:1 Production rate 1Mtpa Key Financial Outcomes Total Revenue A$752M EBITDA A$350M Capital Costs A$53M Annual Average Operating Cash Flow A$19M Operating Cash Cost (per tonne of prod
Slide 11: Site Layout
Jambreiro – Site Layout For personal use only 11
Slide 12: Fully Permitted and Ready to Go
Jambreiro – Fully Permitted and Ready to Go Environmental Approvals For personal use only Environmental Impact Assessment (EIA/RIMA) – Approved Three-stage approval process LP – Issued October 2012 LI – Issued April 2013 LO – Expected H1 2015 Strong community support for Project Project Facilitation
Slide 13: Product and Off-take
Jambreiro – Product and Off-take Off-take For personal use only General acceptance of the high quality Jambreiro product specification by potential domestic customers Negotiations on key terms for long-term off- take well advanced Lower initial production rate reduces need for off-take in advance of
Slide 14: Development Timeline
Jambreiro – Development Timeline Jambreiro Development Timeline For personal use only 2013 2014 2015 H2 H1 H2 H1 H2 H1 EIA/RIMA (L P) On Site Approved Revised Initial Construction Production Rate Production Commences PAE Approved Mining Lease Installation Licence (L I) Financing Operating License (L
Slide 15: The Export Opportunity
Jambreiro – The Export Opportunity Jambreiro located within 150km of bulk For personal use only cargo EFVM rail line EFVM rail line provides opportunity to access port capacity in and around Vitόria Various port options exist within close proximity to Vitόria including Tubarão Port Currently investi
Slide 16: Candonga – A small DSO Opportunity
Candonga – A small DSO Opportunity Candonga Iron Ore Project For personal use only High grade drill results including some DSO grades Maiden JORC 2004 Mineral Resource of 11.9Mt at 43% Fe including potential source of DSO of 0.9Mt at 58.6% (refer to ASX Announcement dated 8 August 2013 for further d
Slide 17: Summary – Why Invest in Centaurus?
Summary – Why Invest in Centaurus? Poised to join the ranks of international iron ore producers within 12 months For personal use only Jambreiro Project fully permitted for 3Mtpa production: high-grade, low impurity product New development plan ready to go: low CAPEX 1Mtpa start-up Robust economics
Slide 18: Closing on production and cash flow: Developing the Jambreiro Iron Ore Project, Brazil
Closing on production and cash flow: Developing the Jambreiro Iron Ore Project, Brazil For personal use only • Low costs • Strong margins • Long life Darren Gordon – Managing Director