Iron Bear Resources Ltd · ASX:IBR
Iron Bear Resources — Cape Lambert Iron Ore — Corporate Update (March 2008)
15 slides from Iron Bear Resources's corporate update, Mar 7, 2008
Slide 1: Market Update – ASX cover letter
7 March 2008 The Company Announcements Office ASX Limited Via E Lodgement Market Update The company wishes to advise that its executive chairman Mr Ian Burston is currently in meetings with the company’s UK based shareholders. We attach herewith a copy of the presentation that Mr Burston will be ref
Slide 2: Market Update March 2008
Cape Lambert <\ Iron Ore Ltd ey Market Update March 2008.
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Cape Lambert Iron Ore Limited (“Cape Lambert” or the “Company”). It should not be considered as an offer or invitation to subscribe for, or purchase any, securities in the Company or as an inducement to make an offer or invitation with respect to tho
Slide 4: Corporate Snapshot
Corporate Snapshot Board and Senior Management Capital Structure Board Ordinary shares (ASX: CFE) 281.6m Ian Burston Executive Chairman Options on issue Tony Sage Executive Director Expiry Strike (A$) Quantity Brian Maher Non-Executive Director 30-Jun-08 0.49 6.65m Peter Landau Non-Executive Directo
Slide 5: Project Summary
Project Summary ` Magnetite iron ore project (no known economic heamatite), ` Located on the Pilbara coast at Cape Lambert, ` Acquired for $20 million cash and options in late 2005, ` Main zone of mineralisation has a strike of approximately 9km by 2km, ` 1.56 billion tonne, JORC compliant, iron ore
Slide 6: Project Location
Project Location 5 Cape Lambert Iron Ore Limited 6-Mar-08
Slide 7: MoU Signed for Sale
MoU Signed for Sale ` MoU signed for the sale of the Project tenements to China Metallurgical Group Corporation (“MCC”), ` Sale consideration is $400 million, payable in three tranches, ` $240 million or 60%, on sale becoming unconditional, ` $80 million or 20%, sixty days hence, and ` $80 million o
Slide 8: Sale Tenements
Sale Tenements 7 Cape Lambert Iron Ore Limited 6-Mar-08
Slide 9: Retained Tenement
Retained Tenement 8 Cape Lambert Iron Ore Limited 6-Mar-08
Slide 10: About MCC
About MCC ` Chinese state-owned company, ` Substantial, vertically integrated conglomerate with turnover of approximately US$18 billion in 2007, ` MCC is engaged in EPC contracting, mining (iron ore, copper, gold, nickel, cobalt, zinc, lead and aluminium), papermaking, equipment fabrication and real
Slide 11: MCC has an existing Pilbara Investment
MCC has an existing Pilbara Investment 10 Cape Lambert Iron Ore Limited 6-Mar-08
Slide 12: Anticipated Sale Timeline
Anticipated Sale Timeline 11 Cape Lambert Iron Ore Limited 6-Mar-08
Slide 13: Near Term Plan
Near Term Plan ` Assist MCC successfully complete due diligence – several MCC officers currently reviewing information, ` Prepare and sign sale documentation, and attend to required approvals, ` Advance the grant of new tenement ELA 47/1493 to enable drill testing of the 3km magnetic anomaly, ` Step
Slide 14: Medium Term Plan
Medium Term Plan ` Pursue new business opportunities that fit the Company’s strengths and skill set, where the potential to value add can be demonstrated, ` Drill test the 3km magnetic anomaly within the retained tenement – to define an inferred resource, ` Enhance the Board, as necessary, with addi
Slide 15: Summary
Summary ` Board is committed to, and primarily focused on, the successful completion of the sale to MCC, ` Repositioning underway to pursue new business opportunities that fit the Company’s strengths and skill set, where the potential to value add can be demonstrated, ` Post sale completion, signifi
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