Strike Resources Limited · ASX:SRK
Strike Resources — Shareholder Meeting (November 2007)
13 slides from Strike Resources's shareholder meeting presentation, Nov 30, 2007
Slide 1: Developing a World Class Iron Ore Project
For personal use only DEVELOPING A WORLD CLASS IRON ORE PROJECT November 2007 TITLE OF THE PRESENTATION 2 Executive Summary z The global market for iron ore is Strike has secured rights g to a potential p forecast to remain strong. world class 1.2 billion tonne high grade (62%+Fe) iron ore resource
Slide 2: Strike is earning a 68% interest in two world class iron ore deposits in Peru
TITLE OF THE PRESENTATION 3 For personal use only Strike is earning a 68% interest in two world class iron ore deposits located in Peru South America TITLE OF THE PRESENTATION 4 Peru is a World Class Mineral Belt z Peru has 12% to 16 % the world’s known resources of silver, g gold, zinc, copper pp a
Slide 3: Historical reports estimate 1.2 billion tonnes of high grade iron ore
TITLE OF THE PRESENTATION 5 For personal use only Historical reports estimate 1.2 billion tonnes of high grade iron ore across two deposits z Large untapped deposits of high grade iron ore are rare. rare z Resource grade is a critical factor in mine profitability. z Resource estimates from surface m
Slide 4: Highly Experienced Board
TITLE OF THE PRESENTATION 7 For personal use only HIGHLY EXPERIENCED BOARD John Stephenson – Chairman Exploration Director Rio Tinto Australasia. 35+ years managing exploration. Shanker Madan (MD) BHP, Rio Tinto, Hamersley Iron. 30+ years iron ore experience. Farooq Khan: Executive Director 20+ year
Slide 5: Stage 1 and Stage 2 Production Plans
TITLE OF THE PRESENTATION 9 For personal use only STAGE 1 PRODUCTION PLAN (2009) 2 MT PA FROM SURFACE OUTCROPS AND SCREE AT CUZCO ¾ Estimated Capex US$15million ¾ Resource delineation has commenced ¾ Surface mining of high- grade hematite to 10m depth ¾ Road transport ~70km to existing railhead ¾ Tr
Slide 6: Stage 3 Production and Stage 2 Project Timetable
TITLE OF THE PRESENTATION 11 For personal use only STAGE 3 PRODUCTION (2015) POTENTIAL EXPANSION TO 40 MT PA ADDING 20MT PA FROM CUZCO ¾ Drilling g to delineate resource to support a further 20Mtpa operation required ¾ Separate mine development at Cuzco. ¾ Second pipeline to join into the Apurimac p
Slide 7: Pre-Feasibility Program and Preliminary Estimated Capital Expenditure
TITLE OF THE PRESENTATION 13 For personal use only 20 Mtpa Pre Pre--Feasibility Program Completion March 2008 Ore Body Process Slurry Mine Plan Plant Design Pipeline Modelling Environment Water and Port and Marketing Power Stockpile TITLE OF THE PRESENTATION 14 PRELIMINARY ESTIMATED CAPITAL EXPENDIT
Slide 8: Preliminary Estimated Operating Costs
TITLE OF THE PRESENTATION 15 For personal use only PRELIMINARY ESTIMATED OPERATING COSTS 2Mt pa 20Mt pa 40Mt pa US$/tonne US$/tonne US$/tonne Mining & Processing 5 8 8 Transport 30 3 4 Port 5 2 2 Infrastructure 1 1 1 Admin & O/heads 1 1 1 Total 42 15 16 Prefeasibilty Studies underway to provide grea
Slide 9: Benefits of a Slurry Pipeline
TITLE OF THE PRESENTATION 17 For personal use only Benefits of a Slurry Pipeline z Relatively low capital expenditure and operating cost. z Downhill gradient is highly beneficial. z Water and gas available. z Targeted throughput: 20 Mt pa expanding to 40Mt pa. z Proven technology – numerous existing
Slide 10: Operating Conditions and Strike's Iron Ore Advantage
TITLE OF THE PRESENTATION 19 For personal use only OPERATING CONDITIONS CLIMATE ¾ Apurimac 3500m ASL; Cuzco ~4000m 4000m ASL ¾ Similar elevations to many large mines in Peru LABOUR ¾ Apurimac Project 15km from Andahuaylas with 50,000 population ¾ Cuzco Project 80km from Cuzco: Peru’s second largest
Slide 11: Exploration Drilling 2008 – Resource Definition
TITLE OF THE PRESENTATION 21 For personal use only EXPLORATION DRILLING 2008 – RESOURCE DEFINITION ¾ 60,000 m drilling at Apurimac ¾ 5,000m drilling at Cuzco ¾ Pre-feasibility studies (Due second quarter 2008) ¾ Budgeted expenditure 2007/2008 : US $7 million TITLE OF THE PRESENTATION 22 172Mt @ 62.2
Slide 12: Resource Estimate Cuzco and Capital Structure
TITLE OF THE PRESENTATION 23 For personal use only RESOURCE ESTIMATE CUZCO: 500- 500-650MT ¾ Flat tabular radial bodies within a 4km diameter area around an intrusive core ¾ Work done to date ¾ Geophysical surveys ¾ Rock chip sampling of outcropping mineralisation ¾ 2,630m of drilling just completed
Slide 13: Disclaimer
TITLE OF THE PRESENTATION 25 For personal use only Disclaimer Thi material This t i l contains t i certain t i forecasts f t and d forward-looking f d l ki information, i f ti including i l di regarding di possible ibl or assumed future performance, costs, production levels or rates, prices, reserve
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