Iron Road Ltd · ASX:IRD
Iron Road — RIU Sydney Resources Round-up 2011
19 slides from Iron Road's conference presentation, May 12, 2011
Slide 1: Delivering Iron Ore Opportunities: On the Road to Development
lron Road Aes, —iimited Delivering Iron Ore Opportunities On the Road to Development Andrew Stocks, Managing Director RIU Sydney Resources Round-up, 12 May 2011
Slide 2: Forward-Looking Statements
Iron Road limited Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by Iron Road Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on speci
Slide 3: Iron Road is a developer of iron ore projects
For personal use only Iron Road is a developer of iron ore projects in Western Australia and South Australia. Due to time constraints I will only be talking today about our main project, the Central Eyre iron project, or CEIP. So as we go through the presentation, bear in mind that the CEIP is a lar
Slide 4: IPO history and share register
For personal use only IPO June 2008, GFC not long after, later weakness due to RSPT/MRRT and options expiry 30 September 2010; A key feature of the IRD share register is The Sentient Group. Sentient is a private equity firm specialising in resources projects; Company maintained work levels dur
Slide 5: Board and management
For personal use only Julian Gosse – Chairman. Mr Gosse has extensive experience in banking and broking both in Australia and overseas. Ian Hume – Director. Mr Hume's career in the resources industry stretches back over thirty years, primarily in the fields of managed fund investments, capital raisi
Slide 6: Current work and key aspects of the CEIP
For personal use only Current work Mineral Resource at February 2011 is 1.2Bt – the largest in South Australia Exploration target of 2.87‐5.75Bt magnetite gneiss Prefeasibility study Infrastructure studies Community engagement and impact study The CEIP has many high order targets, however
Slide 7: Consultants engaged for the prefeasibility study
For personal use only We have engaged accomplished consultants to assist us. Components include: Project implementation plan, scheduling, personnel, risk & opportunity management by Evans & Peck Mineral Resource by Coffey Mining Geotechnical and mining by Coffey Mining Beneficiation plant an
Slide 8: Mineral resource and aeromagnetic survey
For personal use only Now to cover off on what we are currently doing and how me meet other criteria necessary for this project to be a success. The mineral resource at Boo‐Loo and Dolphin is 328Mt, with a further 907Mt at Murphy South giving a global Mineral Resource on the CEIP of 1.2Bt. The diagr
Slide 9: Murphy South cross-section
For personal use only • Murphy South cross‐section – resource block model by Coffey Mining • The overall geometry suggests a large isoclinal fold (closure to south) • Subsequent Stage V drilling showed consistent results on each section as they were drilled • Cross‐section indicates excellent geomet
Slide 10: Prefeasibility Study - Mining
Prefeasibility Study - Mining Iron Road limited Mineral Resource and Mining by Coffey Mining = Mineral Resource 1.2Bt @ 16.8% Fe, mass recovery 22.1% (Boo-Loo) =~ Completed extension drilling to add additional 80-120Mt = Current Stage VI drilling to add additional 500-800Mt = Independent exploration
Slide 11: Benchmarking - Concentrate Fe Grade
Pg, Grind Size (um) Benchmarking - Concentrate Fe Grade Iron Road limited 73 GIR-Yerecoin® 71 EMG-Beyondie @ @ =VMC-Yalgoo GRR-Southdown 69 atone « @ RO-CEIP (P59 53 micron) GBG-Karare @ @ IRD-CEIP (Pg 75 micron) CH @ CXM-Bungalow 3 ACS-Magnetite Range @ s 67 rs © CFE-Cape Lambert RO-CEP (Py 196 mic
Slide 12: Process scenario
For personal use only One possible process scenario is shown here. Key features of this process design include: • Early rejection of waste; • Early rejection of waste reduces power consumption and therefore operating costs; • Simple process, without flotation. Many of our peers require grind size of
Slide 13: Infrastructure and material transport
For personal use only And of course, material transport. • Our studies include power form Port Augusta; and • We have been in discussions with numerous parties for some time concerning potentially shared infrastructure, including power, water and port. 13
Slide 14: Summary
For personal use only Iron ore company focussed on developing it’s flagship Central Eyre Iron Project. Pre‐Feasibility study for potential 10Mtpa operation expected to be delivered by the end of May 2011; Significant 2.8‐5.8 billion tonne target identified by Coffey Mining; Resource of 1.2Bt
Slide 15: On the Road to Development
Iron Road limited On the Road to Development renroadiimnited.com. 15
Slide 16: Appendix 1a — CEIP Resource Statement
Appendix 1a — CEIP Resource Statement Iron Road limited Murphy South Mineral Resource Estimate eth ee 4 Tonnes Fe SiO. Al,0. P iKe}} Resource Classification Oxidation Material Type . ae me (Mt) (%) (%) (%) (%) (%) Fresh Disseminated 242 177 52.4 12.0 0.09 0.3 resi Banded 53 13.4 54.6 14.1 0.07 0.5 I
Slide 17: Appendix 1b — CEIP Resource Statement
Appendix 1b — CEIP Resource Statement Iron Road limited Boo-Loo Mineral Resource Estimate 5 eer L Lu Resource Classification Oxidation Ly to eat ae ts a Fresh 277 17.3 52.5 11.5 0.095 0.5 Inferred Transitional 13: 17.0 52.4 11.6 0.094 10.7 Oxide 33 17.2 $2.1 11.6 0.094. 10.3 Total 328 173 52.4 115 0
Slide 18: Appendix 1c — CEIP Resource Statement
Appendix 1c — CEIP Resource Statement Iron Road limited Central Eyre Iron Project Global Mineral Resource Estimate Resource Classification Oxidation ie ‘A eS ra ae bo a Fresh 572 17.1 52.7 12.0 0.09 0.4 Inferred Transitional 40 16.5 51.2 13.2 0.07 7.3 Oxide 81 16.8 $1.1 12.9 0.08 8.2 Total Inferred
Slide 19: Appendix — CEIP Metallurgical test work
Appendix 2 — CEIP Metallurgical test work Iron Road limited Murphy South Indicative Concentrate Specifications Form Fe Mass SiO, A\03 Pp Lol (%) Rec (%) (%) (%) (%) (%) Disseminated + 69.7 19.2 1.2 1.0 0.00 3.2 Banded? 69.3 12.4 1.2 1.0 0.00 3.4 P80 passing -40um 1 based on 1824 DTR composites acros