Macro Metals Limited · ASX:M4M
Macro Metals — Kogi Iron — Investor Presentation (November 2015)
13 slides from Macro Metals's investor presentation, Nov 19, 2015
Slide 1: Kogi Iron - Nigerian Steel Project
Kogi Iron- Nigerian Steel Project November 19, 2015 www.kogiiron.com | ASX: KFE 1
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements This announcement may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assu
Slide 3: Agbaja Project - as of January 2014
Kogi Iron- Nigerian Steel Project Agbaja Project- as of January 2014 • Global Mineral Resource (JORC 2012) 587Mt @ 41.3% Fe • (Indicated 466 Mt @ 41.4% Fe and Inferred 120.1 Mt @ 41.1% Fe) • Only 20% of prospective area within EL12124 on Agbaja drilled • Prefeasibility study establishes robust econo
Slide 4: Agbaja Project - as of November 2015 (current)
Kogi Iron- Nigerian Steel Project Agbaja Project- as of November 2015 (current) • January 2014 Prefeasibility Study now not economically viable at current iron ore concentrate prices • Long term forecast FOB price below US$50/t iron ore concentrate • Kogi has reviewed its strategy and opportunities
Slide 5: Agbaja Project
Kogi Iron- Nigerian Steel Project Agbaja Project • Kogi has conducted a desk top study for an initial commercial plant of 250,000 tpa ‘steel feedstock’ production • Updating work done in its 2014 PFS and based on inputs from internationally reputed engineering firms • Indicated CAPEX circa $US100mil
Slide 6: Agbaja Project
Kogi Iron- Nigerian Steel Project Agbaja Project • No apparent competition to supply an EAF suitable feed • Project is not directly exposed to the global iron ore price • Ability to upgrade to 2.5mtpa in future using additional process modules • Substitute nationally for importation of scrap / bille
Slide 7: Financing Project
Financing Project • Project bankable feasibility study (“BFS”) targeted to be completed by June 2016 • Potential for early equity contribution from Nigerian sources, potentially invested at local company level • Ongoing discussions in Nigeria indicate potential for an all Nigerian funding package •
Slide 8: Government Support
Government Support • Strong support from Nigerian Government at all levels • Senior Minister appointed to support the Project • Nigeria has a stated aim to reduce its economy’s dependency on oil revenues • Existing Nigerian EAF users supportive www.kogiiron.com | ASX: KFE 8
Slide 9: Access to Infrastructure
Access to Infrastructure • Map showing positioning of plant to deposit, and local infrastructure. • Location is on a plateau near the Niger river, rail connection at the Ajaokuta Steel Mill. • Near National Highway A2. • Overhead power distribution system, gas line under the plateau cap www.kogiiron
Slide 10: Potential Construction Time Line
Potential Construction Time Line Timeline: Bulk furnace test to confirm laboratory furnace tests showing suitability as Q2, 2016 DC Arc Furnace feed and refinement of the steel making process flowsheet. Produce Bankable/Definitive Feasibility Study Q2, 2016 Arrange Finance for (250,000 tpa) steel Pl
Slide 11: Conceptual Steel Billet Production Flow Sheet
Kogi Iron - Nigerian Steel Project Conceptual Steel Billet Production Flow Sheet Excavator and Truck Mining Primary & Secondary Sizing Ore Haulage ROM Apron Feeder Sec Crusher Sizer > 15mm < 15mm > 12mm High Pressure Washing Rotary Kiln Feed Stockpile < 12mm Smelting Flux Receiving & Drying Thermal
Slide 12: Board of Directors and Management
Kogi Iron - Nigerian Steel Project • Board of Directors and Management Dr Ian Burston OA- Chairman Previously Managing Director of Hamersley Iron, Portman Mining, and Chairman/director of several African iron ore companies- considered a ‘legend’ in iron ore industry • Brian King- Non-executive Direc
Slide 13: Corporate Details
Kogi Iron - Nigerian Steel Project Corporate Details: ASX Code KFE Shares on Issue 376.7 mill Listed options (8 cents, 31 May 2107) 102.7 mill Share price (Nov 18, 2015) 1.6 cents Market Capitalisation $A6 million Major Shareholders: Citicorp Nominees 32.8 mill Dr Ian Burston 22.2 mill Noble Investm