Legacy Iron Ore Ltd · ASX:LCY
Legacy Iron Ore — Investor Presentation (October 2010)
62 slides from Legacy Iron Ore's investor presentation, Oct 11, 2010
Slide 1: October 2010 Brokers Presentation
For personal use only PERTH WESTERN AUSTRALIA October 2010 Brokers Presentation
Slide 2: Forward Looking Statement
Forward Looking Statement IRON ORE LIMITED For personal use only 2 This document or presentation may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Legacy Iron Ore Limited’s planned exploration program and other statements that a
Slide 3: Capital & Management
Capital & Management IRON ORE LIMITED For personal use only 3 Capital Structure ASX Code LCY, LCYO, LCYOA, LCYOB Commenced Trading 8 July 2008 IPO Raising $4.1m Issued Shares 156,103,280 Issued Options 45,155,572 Share Price $0.10 Graph: ASX Price History as at 6 October 2010 Market Capitalisation $
Slide 4: Board & Management
Capital & Management IRON ORE LIMITED For personal use only 4 Board & Management Mr Timothy Turner Non Executive Chairman Ms Sharon Heng Executive Director, Chief Executive Officer Mr Tao Han Non Executive Director Mr Ivan Wu Company Secretary, General Manager Mr Steve Shelton Exploration Manager Ms
Slide 5: Executive Summary
Executive Summary IRON ORE LIMITED For personal use only 5 A diversified Australian exploration company with an exploration focus on iron ore, manganese, base metals and gold Tenements highly prospective for iron and manganese mineralisation in the Pilbara - Hamersley Iron province of Western Au
Slide 6: Legacy Project Locations
Legacy Project Locations IRON ORE LIMITED For personal use only 6 Iron Ore Projects Robertson Range Hamersley Manganese Projects Robertson Range Gold Projects South Laverton East Kimberley Base metal Projects East Kimberley – Koongie Park
Slide 7: Iron Ore Projects
Iron Ore Projects IRON ORE LIMITED For personal use only 7 Close to significant iron ore and manganese resources Both projects located within 60km of existing railway infrastructure Significant mineralisation already defined in both project areas – drilling targets identified Most areas now
Slide 8: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 8 Exploration licences in the eastern Pilbara region, covering an area of 800km2. The 2 major licences granted recently. FerrAus Ltd and Atlas Iron Ltd have defined approximately 200Mt of high grade hematite iron ore in adjoining gro
Slide 9: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 9 High resolution satellite imagery has identified: fourteen iron ore targets four manganese targets four fault controlled alteration targets Reconnaissance sampling has returned results to 55.66% Fe Right: Satellite Image of t
Slide 10: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 10 Jim Jim 1 Iron mineralisation Jim Jim 1 Outcropping iron mineralisation exposed on hill slopes (hard, hematite rich)
Slide 11: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 11 Jim Jim 1 Base of hill showing iron Jim Jim 3 Outcropping hematite rich iron mineralisation scree and local dune cover mineralisation
Slide 12: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 12 Magnetic anomalies in the northeast sector of E45/3395, potentially representing extensive Channel Iron Deposit (CID) mineralisation. Magnetic features extend for at least 7km, in a southwest to northeast direction If CIDs, thes
Slide 13: Robertson Range
Robertson Range Project IRON ORE LIMITED For personal use only 13 Helicopter traversing conducted in the northeast sector of E45/3395. Area overlain by widespread alluvial and dune cover. Reconnaissance Aircore drilling program recently completed – Fe assays to 42%, most in range 25 – 35% Fe.
Slide 14: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 14 Top: Location of manganese tenements – E46/818 Right: Tenements over geological map
Slide 15: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 15 E46/818 is underlain by rocks of the Bangemall Basin - Manganese Subgroup. The Manganese Subgroup is an important suite of dominantly shales and dolomites which hosts several major manganese mines to the north (Nicholson Downs
Slide 16: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 16 E46/818 FIRST EXPLORATION JULY 2010 Manganiferous shales under very shallow alluvium Surficial manganese mineralisation in outcropping shales
Slide 17: Robertson Range - Manganese
Robertson Range - Manganese IRON ORE LIMITED For personal use only 17 E46/818 FIRST EXPLORATION JULY 2010 Narmana Prospect – large low hill with Surficial manganese mineralisation in outcropping shales outcropping manganiferous shales and cherts – prime exploration sequence
Slide 18: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 18 Located within 60km of regional railway infrastructure Two granted exploration licences, 50km west of Tom Price and covering an area of 52.3km2 Surrounds part of the Beasley River Channel Iron Deposit (“CID”) ~ 400Mt at 56.6% Fe* * Th
Slide 19: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 19
Slide 20: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 20 Targeting CIDs in tributaries into the Beasley River CID (dark pink) under colluvium (yellow) . Ten iron ore targets, both outcropping and, under shallow soil and colluvial cover identified on Quickbird satellite imagery. Above: Geologi
Slide 21: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 21 Quickbird Satellite Imagery showing ‘high iron’ targets in purple, central Beasley River CID deposit and Beasley River East Prospect on an eastern tributary to Beasley River
Slide 22: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 22 First helicopter reconnaissance discovers high grade CID mineralisation at Beasley River East prospect. 15 samples average over outcropping 300m strike length: 54.7% Fe or 61.1% CaFe Low silica-alumina and phosphorus Potential for
Slide 23: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 23 Beasley River East prospect (view to south) Hamersley Iron Beasley River CID to far right
Slide 24: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 24 Above: Beasley River East prospect – CID mineralisation
Slide 25: Hamersley
Hamersley Project IRON ORE LIMITED For personal use only 25 Good potential for CIDs in northern sectors. Major drainage from Hamersley Ranges – Brockman and Marra Mamba BIDs – host to Brockman mines
Slide 26: Gold Projects
Gold Projects IRON ORE LIMITED For personal use only 26 Legacy has two key regions of interest within the gold portfolio: the South Laverton and East Kimberley regions Mineral Resource inventory of 90,900oz Both projects in mineralised corridors with a long history of discovery and production.
Slide 27: South Laverton
South Laverton IRON ORE LIMITED For personal use only 27 Located 120km to 180km north- east of Kalgoorlie In the Norseman-Wiluna greenstone belt, Eastern Goldfields of Western Australia
Slide 28: South Laverton
South Laverton IRON ORE LIMITED For personal use only 28 The extensive project area is surrounded by a number of major gold mines, deposits and resources including: Carosue Dam, Safari Bore and Porphyry. The Mt Celia and Safari ground lies south along strike of Sunrise Dam and Wallaby (8 Moz gold
Slide 29: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 29 Mount Celia Along strike to south of world class Sunrise Dam and Wallaby gold mines (8 Moz gold each)
Slide 30: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 30
Slide 31: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 31 Mount Celia The two key prospects: Kangaroo Bore (46,000oz Indicated Resource) and Blue Peter lightly tested, extensive historic workings Kangaroo Bore historic gold workings – view along strike
Slide 32: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 32
Slide 33: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 33 Above: Blue Peter historic gold workings – view along part of 2km strike
Slide 34: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 34 Blue Peter Focus by previous explorers on Kangaroo Bore – extensive Blue Peter system only lightly drill tested. Several sub parallel lines of workings plus extensive dryblowings – point to large bulk tonnage potential. S
Slide 35: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 35 Blue Peter Excellent first pass drilling results include: DRILLHOLE FROM – TO INTERSECTIONS BPC 01 28-31m 3m @ 21.71 g/t gold including 1m @ 62.75 g/t gold BPC 011 56-60m 4m @ 12.11 g/t gold including 2m @ 19.67 g/t gold BPC 01
Slide 36: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 36 Blue Peter Good widths/grade Visible coarse gold Significant gold mineralisation in four zones along shear system Combined strike length of 740m All zones open at depth, and in most cases along strike
Slide 37: South Laverton - Mount Celia
South Laverton - Mount Celia IRON ORE LIMITED For personal use only 37 Blue Peter 2500m RC drilling program planned for mid October Will test/extend gold zones along strike and at depth Drilling should enable JORC resource to be calculated for most of the zones.
Slide 38: South Laverton
South Laverton IRON ORE LIMITED For personal use only 38 Stophanis Well Highly prospective structural position Historic gold workings – with recent Patricia open cut gold mine Nine priority gold in soil anomalies To date, reconnaissance RAB drilling has been completed over 4 of the anomali
Slide 39: South Laverton - Stophanis Well
South Laverton - Stophanis Well IRON ORE LIMITED For personal use only 39 Patricia gold mine (abandoned) view to south
Slide 40: South Laverton - Stophanis Well
South Laverton - Stophanis Well IRON ORE LIMITED For personal use only 40 Stophanis Well Recent drilling successful in defining a northerly extension of the Patricia gold mine into Legacy ground 3 mineralised zones outlined by RAB drilling to date Western zone: gold over 800m Best intersec
Slide 41: South Laverton
South Laverton IRON ORE LIMITED For personal use only 41 NEXT PRIORITY Yerilla and Yilgangi Yerilla – 32,000oz resource at Bull Terrier. Potential to increase resource along strike and at depth. Undrilled highly prospective structural position along strike, under shallow alluvium Yilgangi – 12
Slide 42: East Kimberley
East Kimberley Project IRON ORE LIMITED For personal use only 42 7 recently granted exploration licences in the East Kimberley Located 347km south of Kununurra and covering an area of 370km2 Highly prospective for gold and base metal mineralisation Three key projects: Ruby Plains - gold
Slide 43: Koongie Park
Koongie Park Project IRON ORE LIMITED For personal use only 43 Located 25km southwest of Halls Creek and adjacent to Anglo Australian Resources’ (AAR) Koongie Park major base metal deposit AAR’s Koongie Park deposit is a Volcanogenic Hosted Massive Sulphide Deposit (VHMS) – Sandfire’s Doolgunna
Slide 44: Koongie Park
Koongie Park Project IRON ORE LIMITED For personal use only 44 AAR’s Koongie Park in feasibility stage. Current Resource of 4.46 million tonnes at 3.2% zinc, 0.9% lead, 0.8% copper, 26 g/t silver and 0.31g/t gold. Main base metal deposits at Onedin and Sandiego Recent drilling at Sandiego hi
Slide 45: Koongie Park
Koongie Park Project IRON ORE LIMITED For personal use only 45 Legacy ground has southern extensions of mineralised host stratigraphy plus lightly explored prospects e.g. Earth Dam Full analysis of past exploration data underway Geochemical and ground EM planned Geophysical techniques much i
Slide 46: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 46 The Mt Bevan Project consists of Exploration Licence E29/210 located approximately 100km west of the Leonora township in the central Yilgarn region of Western Australia The project covers the northern parts of the Mt Ida Archaea
Slide 47: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 47 The BIF horizons are interrupted in the middle of the tenement by a granitoid stock, with the northern and southern horizons extending for some 10-12km each (Figure 2). Figure 2: Aeromagnetic image of Mt Bevan Project – showing BI
Slide 48: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 48 The BIF horizons are largely present as outcrop and subcrop as shown in Figure 3. Some portions are under presumably shallow colluvial and alluvial cover. Figure 3: Mt Bevan Project – TM image showing BIF horizons and main targe
Slide 49: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 49 Iron mineralisation noted to date in outcrop or subcrop includes pods of hematite of up to 20m in width and several hundred metres in strike length. Most work has been directed to the southern portion of the tenement where it ab
Slide 50: Mt Bevan Iron Ore
Mt Bevan Iron Ore Project IRON ORE LIMITED For personal use only 50 Drilling by Hawthorn has been almost exclusively devoted to targeting hematite mineralisation resulting in numerous significant intersections in the area north of the Mt Mason resource of Jupiter (as shown in Figure 4) Figure 4: D
Slide 51: Mt Bevan - Exploration Potential
Mt Bevan - Exploration Potential IRON ORE LIMITED For personal use only 51 3 types of iron ore have been intersected in early drilling: Hematite Ore – shallow, small pods defined to date Magnetite Ore – limited drilling has shown large thicknesses of magnetite bearing BIF of ore grade and qual
Slide 52: Mt Bevan - Exploration Potential
Mt Bevan - Exploration Potential IRON ORE LIMITED For personal use only 52 Cross section showing the three types of iron mineralisation
Slide 53: Mt Bevan - Exploration Potential
Mt Bevan - Exploration Potential IRON ORE LIMITED For personal use only 53 Above: RC drilling and Right: Drilling chip trays
Slide 54: Mt Bevan - Exploration Potential
Mt Bevan - Exploration Potential IRON ORE LIMITED For personal use only 54 Hawthorn have correctly concentrated early exploration on the more accessible southern part of the project area, particularly targeting any extension of the Mt Mason hematite resource. High grade hematite mineralisation h
Slide 55: Exploration Potential
Exploration Potential IRON ORE LIMITED For personal use only 55 Above: Drilling sections showing magnetite iron formation
Slide 56: Mt Bevan - Exploration Potential
Mt Bevan - Exploration Potential IRON ORE LIMITED For personal use only 56 Davis Tube Recovery testing returned very good results comprising over 69% Fe with low deleterious impurities of Si, Al and P, from the sampled weathered near surface portions of the magnetite units. The role of the grani
Slide 57: Mt Bevan - Exploration Potential
Mt Bevan - Exploration Potential IRON ORE LIMITED For personal use only 57 In summary, there is very strong potential for the Mt Bevan project to contain very large volumes of high grade, impurity free magnetite with potentially low strip ratios. Shallow hematite DSO ore is present, and could prov
Slide 58: Mt Bevan - Logistics
Mt Bevan - Logistics IRON ORE LIMITED For personal use only 58 WATER SUPPLY Potable water is required for magnetite processing. One option is to use dry extraction, and/or to produce a concentrate that can be finally processed overseas (China). POWER Potential sources for power include the Goldf
Slide 59: Mt Bevan - Logistics
Mt Bevan - Logistics IRON ORE LIMITED For personal use only 59 Potential Transportation Scenario Esperance Port Facilities
Slide 60: Legacy – A Snapshot
Legacy – A Snapshot IRON ORE LIMITED For personal use only 60 Well funded and managed WA explorer Highly prospective early stage iron ore, manganese, base metal and gold projects All projects close to infrastructure Several projects at drill ready stage to define reserves Strong potential
Slide 61: Supporting Statement
Supporting Statement IRON ORE LIMITED For personal use only 61 Legacy Iron Ore Limited 2010 Legacy Iron Ore Limited does not make any representations or warranties of any kind, whether expressed or implied, regarding this presentation, including without limitation, any warranty regarding the accurac
Slide 62: For personal use only
For personal use only Hyatt Centre Suite 32, 23 Plain Street, East Perth, WA 6004 Tel: +61 8 9421 2005 Fax: +61 8 9421 2001 Web: www.legacyiron.com.au
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