Tungsten Mining Nl · ASX:TGN
Tungsten Mining Nl — Shareholder Meeting (November 2013)
15 slides from Tungsten Mining Nl's shareholder meeting presentation, Nov 27, 2013
Slide 1: The New Model for Mining Tungsten
For personal use only The New Model for Mining Tungsten ASX:TGN www.tungstenmining.com Presentation to AGM 27 November 2013
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Tungsten Mining NL (“Tungsten Mining”) and consists of slides for a presentation concerning the company. By reviewing/attending this presentation, you acknowledge and agree the following: This presentation includes forward-looki
Slide 3: Further Disclaimer
Further Disclaimer For personal use only Economic Potential The Kilba project remains at an early stage of planning and assessment and there are risks associated with the estimates of key parameters (including but not limited to further drilling to upgrade the resource estimate to JORC indicated sta
Slide 4: Investments Highlight
Investments Highlight For personal use only Tungsten is STILL the right sector to be in; sound fundamental drivers continue to give strong demand and firm pricing TGN STILL offers the best value investment in the tungsten space: – We understand tungsten better than anyone – In our Kilba project, we
Slide 5: Excellent Technical Progress at Kilba
Excellent Technical Progress at Kilba For personal use only Resource drilling completed JORC-compliant Indicated + Inferred Resource: 5.0MT @ 0.27%WO3 (Refer ASX announcement 31 May 2013) Large diameter core sample tested for metallurgical response Simple metallurgy confirmed Engineering carried out
Slide 6: Mining Lease ML08/0314 Geo Plan
Mining Lease ML08/0314 Geo Plan For personal use only 27 November 2013 6
Slide 7: Cross-section, Eastern end Zone
Cross-section, Eastern end Zone 11 For personal use only 27 November 2013 7
Slide 8: Cross-section, Western end Zone
Cross-section, Western end Zone 11 For personal use only 27 November 2013 8
Slide 9: Kilba Milestones
Kilba Milestones For personal use only Project Commitment Production Decision Updated JORC Resource Commence Detailed Engineering Feasibility Study Commence in-fill Drilling Feb ‘14 Apr ‘14 Jun ‘14 Jun ‘15 27 November 2013 9
Slide 10: Immediate Project Opportunities
IMMEDIATE PROJECT OPPORTUNITIES For personal use only There are good assets available at the right price where we can leverage our tungsten knowledge more effectively Consequently, we have been investigating various opportunities to buy-in to an operating asset or a near- term operating asset as a p
Slide 11: Appendix: Overview of Tungsten
For personal use only Appendix: Overview of Tungsten 11
Slide 12: Tungsten
Tungsten For personal use only Tungsten is unique in its Tungsten Demand extreme qualities and difficult 8% 18% to replace: 12% – Very hard • Only diamonds are harder • 100x harder than steel – Very heat resistant • Highest melting point • Lowest expansion – Very dense 62% • Greater than lead or ura
Slide 13: Global Tungsten Market
Global Tungsten Market For personal use only Global Supply vs. Demand China’s decision to serve growing domestic demand brings decrease in Chinese tungsten export quotas Like with REE, this presents a significant potential for new non-Chinese supply to fill a growing ROW tungsten supply-demand gap D
Slide 14: Tungsten Pricing
Tungsten Pricing For personal use only Tungsten price is relatively inelastic China is effectively the “price setter” with >80% of global production – Tungsten concentrate price is ~ 80% of the APT* price – Europe and US prices tend to follow Chinese APT price – Not exchange traded – Prices publishe
Slide 15: Contact
Contact For personal use only Paul Berndt Suite 3, 23 Belgravia Street Managing Director Belmont WA 6104 Mobile +61 (0) 427 074 477 pber@tungstenmining.com PO Box 588 Belmont WA 6984 Phone +61 (0) 8 9477 3031 Patrick McManus Fax +61 (0) 8 9475 0847 Chairman Mobile +61 (0) 408 956 798 patrick.mcmanus
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