Eastern Resources Limited · ASX:EFE
Eastern Resources — Eastern Iron — Shareholder Meeting (November 2010)
17 slides from Eastern Resources's shareholder meeting presentation, Nov 23, 2010
Slide 1: Eastern Iron Limited Annual General Meeting
EASTERN IRON LIMITED For personal use only ANNUAL GENERAL MEETING November 23, 2010 ASX Code: EFE 26 March 2009 …iron’s new horizon
Slide 2: Disclaimer
Disclaimer This release may include forward-looking statements. These forward-looking statements are based on management’s management s expectations and beliefs concerning future events. events Forward-looking Forward looking statements are necessarily For personal use only subject to risks, uncerta
Slide 3: 2010 – A Year of Achievement
2010 – A YEAR OF ACHIEVEMENT For personal use only January - Joint Venture Agreement Hawkwood Project - New board appointments; Greg De Ross - as Managing Director, Steve Gemell – Non-Executive Director April p – Acquired q Auburn Project j May – Hawkwood airborne magnetic survey completed S
Slide 4: Central Queensland Iron Project
CENTRAL QUEENSLAND IRON PROJECT Hawkwood Iron-Vanadium magnetite JV (Eastern earning 80%) For personal use only Eulogie Iron-Vanadium magnetite project (Eastern 100%) Auburn Exploration Permit (Eastern Iron 100%) AUBURN IRON EPM 2010 AGM Presentation: 23 November 2010 (ASX Code: EFE) …iron’s n
Slide 5: Central Queensland Iron Project
CENTRAL Q QUEENSLAND IRON PROJECT For personal use only Hawkwood, Eulogie, Auburn – magnetite iron deposits Critical mass for a long life iron ore development Deposits are similar – similar processing and markets k t Significant advantages with available port, road and rail infrastructure, w
Slide 6: Central Queensland Iron Project (CQIP)
CENTRAL Q QUEENSLAND IRON PROJECT For personal use only (CQIP) CQIP - only major iron project on East coast Other second tier iron/magnetite proposals in WA andd SA SA: - Pilbara; require new port development and/or third party t access tot Rio/BHP/Fortescue Ri /BHP/F t railil infrastructure - Y
Slide 7: Hawkwood Project
Hawkwood Project For personal use only Joint Venture with Rugby Mining Ltd (TSX) E t Eastern can earn 80% bby completing a BFS and spending a total of $4.3M before June 2018 Expenditure to date around $350,000 including: – High resolution airborne magnetic survey – Ground magnetic traversing –
Slide 8: Hawkwood – RC Drilling
Hawkwood – RC Drilling Thick layers of magnetite-bearing gabbro in layered For personal use only igneous complex 20-25% contained magnetite g exploration p target g tonnage g of 300-400Mt (this is not a resource and will need to be confirmed by further drilling)
Slide 9: Hawkwood - Metallurgical Testwork
Hawkwood - Metallurgical g Testwork Davis Tube results indicate a high grade iron For personal use only concentrate with low impurities 2010 AGM Presentation: 23 November 2010 (ASX Code: EFE) …iron’s new horizon
Slide 10: Eulogie
Eulogie R Recently tl acquired i d 100% ffrom For personal use only RMM Capital for $450,000 in EFE shares. Magnetite-bearing ferrigabbro in layered igneous complex identical to Hawkwood. PFS completed by Theiss in 1986 for proposed Steel plant in Gl d t Gladstone – defined d fi d a hi histori
Slide 11: CQIP – The case for development
CQIP – The case for development Infrastructure: – Hawkwood : power, water, 45km road For personal use only to rail, 150km upgrade of existing rail – Eulogie: power, water, 45km road to operating rail line Eulogie – Gladstone Port – capesize port with Gladstone available capacity and planned expans
Slide 12: 2010 AGM
For personal use only 2010 AGM Presentation: 23 November 2010 (ASX Code: EFE) …iron’s new horizon 05
Slide 13: NSW Iron Project - 3E Joint Venture
NSW Iron Project -3E Joint Venture For personal use only JV between Eastern Iron and 3E Steel Pty Ltd (PlatSearch not a party to the agreement) covers 13 of the 17 project tenements 3E to spend a minimum $600,000 in first year on agreed program of bulk sampling and metallurgical testwork 3E ca
Slide 14: For personal use only
For personal use only 2010 AGM Presentation: 23 November 2010 (ASX Code: EFE) …iron’s new horizon
Slide 15: Eastern Iron – Snapshot
Eastern Iron – Snapshot For personal use only Corporate p Strategy gy: Advanced projects in Iron, Coal and Gold both nationally and internationally Develop promising Hawkwood Iron Project Seek gground ppositions for metallurgical g coal in proven areas such as the Hunter and Bowen Basins See
Slide 16: Coal
Coal For personal use only Two competing applications in the Bowen Basin – proven coal areas EFE Applications 2010 AGM Presentation: 23 November 2010 (ASX Code: EFE) …iron’s new horizon
Slide 17: Questions?
Suite 3, Level 1, 80 Chandos Street St Leonards,2065, L d 2065 Australia A t li Thankyou For personal use only PO Box 956, Crows Nest,1585 Ph: 02 9906 7551 Fax: 02 9906 5233 www.easterniron.com.au Q Questions? ? 2010 AGM Presentation: 23 November 2010 (ASX Code: EFE) …iron’s new horizon