Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — IMARC Conference 2024
19 slides from Magnetite Mines's conference presentation, Oct 29, 2024
Slide 1: Premium Iron Ore ... for steel sector decarbonisation
For personal use only Premium Iron Ore ... for steel sector decarbonisation IMARC Conference 29 October 2024
Slide 2: Disclaimer
Disclaimer For personal use only IMPORTANT NOTICE ADDITIONAL INFORMATION The purpose of this presentation is to provide general information about This presentation should be read in conjunction with MGT’s Annual Report at 30 Magnetite Mines Limited ("MGT"). It is not recommended that any person make
Slide 3: Increasing global steel demand is a certainty
Increasing global steel demand is a certainty Steel is also critical to tackling climate change For personal use only Steel is used in all aspects of the built environment Production has doubled every 20 years since 1950 … Source: World Steel Association … and more steel is necessary for energy tran
Slide 4: Challenging steel decarbonisation targets have been set
Challenging steel decarbonisation targets have been set Steel industry now committed and making transition investment decisions For personal use only Steel industry produces 8% of global carbon emissions Major steel producer carbon reduction targets Source: Company filings 1. by 2030 compared to 201
Slide 5: The transition away from coal has commenced
The transition away from coal has commenced Razorback to supply high-grade, low-impurity iron ore for replacement technologies For personal use only Coal-using blast furnaces replacement to EAFs has commenced and forecast to accelerate Iron ore grade required Feed Iron Reduction Melting Carbon emiss
Slide 6: New premium-grade iron ore supply critical to transition
New premium-grade iron ore supply critical to transition Razorback Project positioned to meet urgent new demand For personal use only Razorback >68% Fe concentrates positioned in DR-grade range* High-grade iron ore demand-supply gap to increase Exported Iron Ore – Fe Grade Comparison Australian Hema
Slide 7: Australia is now recognising the green iron opportunity
Australia is now recognising the green iron opportunity Realising the economic advantage of Australia’s world-leading renewables For personal use only The Malinauskas Labor Government will officially The Australian Government has identified green metals begin its search for partners to kickstart Sou
Slide 8: The South Australia advantage
The South Australia advantage SA is leading the way to a future green iron economy For personal use only Attracting international investment Value adding Australia’s opportunity can be realised through collaboration and investment in green iron hubs Magnetite + Renewable Energy + Green Hydrogen Tie
Slide 9: Green Iron SA consortium formed
Green Iron SA consortium formed Accelerating South Australia’s Green Iron opportunity For personal use only Green Iron SA plans to transform the strategic location of Port Pirie into a green iron production & export hub5 Development of the Razorback Iron Ore Project Delivery of 5Mtpa – DR-Grade
Slide 10: Razorback: Expansive, soft, outcropping iron ore
Razorback: Expansive, soft, outcropping iron ore South Australia’s Braemar Iron Formation – a globally significant magnetite province For personal use only The Braemar advantage Outcropping ore: very low strip ratio Iron Peak Siltstone-hosted iron ore, not BIF* Soft relative to WA magnetite or
Slide 11: Outstanding project location in the undeveloped Braemar
Outstanding project location in the undeveloped Braemar Close to potential future green iron hubs at Whyalla & Port Pirie For personal use only Adelaide 240km Open-access rail ~50km Whyalla Port 315km Port Pirie 180km Grid Power 100% renewable by 2027 1111 ~125km
Slide 12: Positive Razorback Project Optimisation Study economics
Positive Razorback Project Optimisation Study economics Results leading to larger scale production and staged expansion strategy For personal use only Staged development pathway manages risk Key project metrics 9 Expansion Physical Metrics Unit Base Case Option dry Concentrate production rate 5 10 M
Slide 13: Razorback Project economics globally competitive
Razorback Project economics globally competitive Highly-competitive cost base on a standardised basis For personal use only Wood Mackenzie 2027 VIU-adjusted (62% Fe eq.) cost curve (US$/t)a,b 1st quartile 2nd quartile 300 250 US$/t (real 2023$) 200 150 10Mtpa 5Mtpa 100 50 - 0% 5% 100% 10% 15% 20% 25
Slide 14: Razorback Project financing approach
Razorback Project financing approach Joint venture with motivated offtakers For personal use only UNINCORPORATED JOINT VENTURE (JV) JV PARTNER 1 Joint Ventures (JV) Potential partners $ World-class asset has attracted Well-proven model for big Australian iron ore projects over global steel indus
Slide 15: Corporate overview
Corporate overview (ASX:MGT) Recent corporate transformation in readiness to develop project For personal use only Board Management Market Cap Paul White Chair of the Board Tim Dobson Managing Director MBA, MAICD $21M BAppSc (Ext.Metallurgy), GAICD, FAusIMM Background of driving organisational per
Slide 16: Magnetite Mines
Magnetite Mines For personal use only Decarbonisation Outstanding Project Progressing to Substantial re-rating Tailwind Credentials Development potential Premium-grade iron ore Tier 1 location Partnering in progress Project set for long life needed now to enable Close to port & rail Expe
Slide 17: References
For personal use only References 1. World Steel Association – 18/05/2023 – World Steel in figures 2023 2. Metalmorphosis: How decarbonisation is transforming the iron and steel industry | Wood Mackenzie 3. https://www.premier.sa.gov.au/media-releases/news-items/global-call-to-arms-for-sas-push-to-de
Slide 18: Contact
For personal use only Contact gemma.brosnan@magnetitemines.com +61 8 8427 0516 www.magnetitemines.com 18
Slide 19: Appendix: Mineral Resources and Reserves
Appendix 1 Mineral Resources and Reserves1,3 For personal use only Razorback Iron Ore Project (Razorback & Iron Peak deposits combined)a Classification Tonnes (Mt) Mass Rec % Fe % SiO2 % Al2O3 % P% LOI % Magnetite % Indicated 1,675 15.95 18.36 48.02 8.06 0.18 5.46 15 Inferred 1,570 16.09 17.74 48.6