Freehill Mining Ltd. · ASX:FHS
Freehill Mining — Shareholder Meeting (November 2017)
27 slides from Freehill Mining's shareholder meeting presentation, Nov 23, 2017
Slide 1: Freehill Mining Ltd AGM Nov 2017
For personal use only Freehill Mining Ltd AGM Nov 2017 CHILES NEWEST IRON ORE PRODUCER
Slide 2: Competent Person's Statement
Competent Person’s Statement The information contained in the report that relates to Mineral Resources, Exploration Targets For personal use only and Exploration Results is based on information compiled or reviewed by Peter Hinner, who is a Member of the Australasian Institute of Mining and Metallur
Slide 3: Disclaimer
Disclaimer The material in this presentation has been prepared by Freehill Mining Limited ABN 091 608 025 “Freehill” or “The Company” and is general background information about Freehill activities current as at the date of this presentation. This information is given in summary form and does not pu
Slide 4: Freehill Mining – Corporate Snapshot
Freehill Mining – Corporate Snapshot ASX code – FHS For personal use only Listed 12th January 2017 Shares on issue 331 million Market capitalisation A$27 million 61% of shares escrowed for 2 years Simple corporate structure Secure tenement holdings 398 hectares land holdings Surfac
Slide 5: From listing to June 30th 2017
For personal use only From listing to June 30th 2017 5
Slide 6: Main Activities: What's Been Achieved
Main Activities What’s Been Achieved For personal use only Completed a high resolution geophysics program that confirmed 6 major magnetic structures - magnetic signature suggests all are magnetite mineralisation; Opened up a trial mining pit on the Yerbas Buenas #1 magnetite structure; Continu
Slide 7: The Iron Ore price
The Iron Ore price Iron ore was trading at US$80-94/t CFR China in the months immediately after listing For personal use only Fell below US$50/t mid year and rose again to $70-78/t range in Q3 and then plummeted $12 during last week of September Recently steadied in a $59-62 trading range cons
Slide 8: Freehills Status Today
Freehills Status Today Listed on the ASX January 12th 2017 For personal use only Trial magnetite mining pit operating continuously on day shift 7 days/week Demonstration processing plant operating day shift 7 days/week Became cash generating by March by selling magnetite concentrates to Chil
Slide 9: Project Location
Project Location Yerbas Buenas For personal use only CAP Romeral Pellet feed plant Yerbas Buenas 9
Slide 10: Infrastructure
Infrastructure 2km from the PanAmerican Highway 32km north of a well serviced city of 400,000 population For personal use only Coquimbo-La Serena provides support services to the southern Atacama mining industry 18km from Chile’s next major export port, Cruz Grande at Chungungo that will be
Slide 11: A very simple process
A very simple process Blast ore in the pit , load with excavator and truck to crushing plant For personal use only Primary and secondary crushing to -32mm Tertiary crushing to -10mm or -6mm Magnetic separation using 2-3 stages of drum magnets Crushing size determines product grade & qualit
Slide 12: Magnetite Sales
Magnetite Sales Product purchase agreement with largest iron ore producer in Chile Compania For personal use only Minera del Pacifico “CMP” a division of CAP since 2015 All product currently being sold to CMP Romeral pellet feed plant which is 30km south of the project by major highway We are wo
Slide 13: Development Objectives
Development Objectives Objective 1- Current Objective 2-Next Stage Objective 3 – Copper & Gold Magnetite Activities Magnetite Activities Activities For personal use only Low cost leased crushing plant to Use operating data Significant copper & gold produce nominally 58% Fe from phase 1 to surf
Slide 14: Development Timeline
Development Timeline For personal use only On track with all major development objectives 14
Slide 15: Geology
Geology We are situated on the confluence of the Atacama and El Tofo structural faults For personal use only Tenement contains 7 major magnetic structures – drilling proves that these are magnetite based anomolies as well as very strong copper and gold mineralisation in northern structure Our
Slide 16: The Chilean Iron & Copper Belt
The Chilean Iron & Copper Belt “We are in the company of good neighbours” For personal use only The Chilean iron & copper belt has numerous operating mines and dozens of identified resources Latin Americas oldest iron ore mine ‘El Tofo’ just 15km to the north along same fault CAP Romeral magneti
Slide 17: Previous Exploration
Previous Exploration CAP drilled 2 RC holes in 2011 and have provided Freehill with all the exploration data Their drilling was done with only very limited geophysics and thus did not identify the size For personal use only and extent of the magnetite structure at YB1 17
Slide 18: Current Exploration
Current Exploration For personal use only Trial mining pit located On YB 1 structure Remodelled geophysics image showing the 7 major structures based on TMIRTP
Slide 19: The year ahead
For personal use only 19 The year ahead
Slide 20: Activities: What's Planned for 2017/18
Activities What’s Planned for 2017/18 For personal use only Introduce the Tertiary crushing circuit that will crush ore finer, improving product Fe grade to +58% Fe and allowing an increase in revenues Improvements to main crushing plant already underway combined with a newly leased 100-150 t/h
Slide 21: Plant Upgrades
Plant Upgrades Tertiary circuit vibrating screen For personal use only being installed mid November New tertiary cone crusher New mobile crushing plant 21
Slide 22: For personal use only
For personal use only New mobile crushing plant New mobile screening plant Trial mining pit looking south 22
Slide 23: Operations Optimisation
Operations Optimisation Reduce operating costs through contract negotiation with crushing plant For personal use only lessors, haulage & blasting contractors – target is US$15/tonne product cost Increase crushing rates with up-scaled equipment to reduce unit costs Maximise revenues by increasi
Slide 24: Copper & Gold
Copper & Gold For personal use only Typical examples of copper and gold bearing rocks found along the Eldorado and Gavilan ridges and beside artisanal shafts in the mountain area on the northern edge of tenement 24
Slide 25: Artisanal copper mining / Northern Cu/Au anomaly
For personal use only Artisanal copper mining Northern Cu/Au anomoly north of mine gate Copper & gold mineralised areas with artisanal mining only 1200m from current magnetite trial mining pit. Magnetic structure is open to the north. 25
Slide 26: For personal use only
For personal use only Large magnetic structure associated with numerous artisanal gold and copper diggings – potentially IOCG type deposit consistent with the region
Slide 27: Thankyou
Thankyou For personal use only Board of Directors: Address: Steve Chaplin ( Chairman ) 88 Miller Street, Paul Davies ( Chief Financial Officer) West Melbourne, Joe Fekete ( Company Secretary) Vic 3003 Nicholas Kapes ( Non-executive Director) Australia Ray Mangion ( Non-executive Director) Contact De
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