Mineral Resources Limited · ASX:MIN
Mineral Resources — Investor Presentation (May 2010)
26 slides from Mineral Resources's investor presentation, May 18, 2010
Slide 1: Investor Presentation
INVESTOR For personal use only PRESENTATION MINERAL RESOURCES LIMITED PETER WADE MANAGING DIRECTOR/ EXECUTIVE CHAIRMAN MAY 2010
Slide 2: Combined Operational Structure
COMBINED OPERATIONAL STRUCTURE For personal use only Mineral Resources Group Minerals Producer Service Provider Mesa Minerals Polaris Metals Process Minerals Crushing Services PIHA (Takeover Target) Specialist Iron Ore Minerals and base Australia’s largest Pipeline, services, site resources company
Slide 3: Top 10 MRL Shareholders
TOP 10 MRL SHAREHOLDERS For personal use only Number Shareholder % (millions) Sandini Pty Ltd (C Ellison) 35.8 22.9% National Nominees Limited 14.4 9.2% Henderson Park Pty Ltd (S Wyatt) 11.8 7.5% Keneric Nominees Pty Ltd (B Gavranich) 9.9 6.3% JP Morgan Nominees Pty Limited 9.7 6.2% HSBC Custody Nom
Slide 4: About Mineral Resources
ABOUT MINERAL RESOURCES Minerals Producer – Service Provider For personal use only Emerging significant exporter of base metal ore to Asia Targeting ~1.5mt Manganese and ~5.5mt Iron Ore production in FY11 Strong track record of creating significant value for shareholders Consistent dividend payment
Slide 5: MRL Business Plan 2009-2012
MRL BUSINESS PLAN 2009 -2012 For personal use only Strategic Acquisitions Volume based materials exports that fit within our supply chain and port infrastructure operations Organic Growth Farm-in and joint ventures with junior and major mining houses to access niche ore bodies, mine to port services
Slide 6: Balance Sheet Strength
BALANCE SHEET STRENGTH For personal use only Dec 09 $AUD millions Dec 09 Jun 09 Jun 08 (ex POL) Total Assets 567.8 350.3 288.9 223.6 Total Liabilities (201.0) (134.9) (144.0) (107.6) Net Assets 366.8 215.4 144.8 116.0 Net Cash Position 26.5 32.9 (11.6) 21.5 Funds Employed 340.3 248.3 156.4 94.5 ROFE
Slide 7: Financial Track Record
FINANCIAL TRACK RECORD Strong Shareholder Returns For personal use only Guidance $49-62m NPAT Return on Shareholder Funds $60 (3yr rolling avg) 40% $45 30% A$m $30 20% $15 10% $0 0% 2006 2007 2008 2009 2010* 2006 2007 2008 2009 2010* MRL Share Price v ASX 200 700 600 500 Indexed to 100 400 300 200 1
Slide 8: Key Messages
KEY MESSAGES For personal use only 1 Mineral Mineral Resources in an emerging significant player in the export of base metals to Asia Resources Also one of Australia’s leading service providers to the resources industry 2 Strong Targeting production of ~1.5mt Manganese and ~5.5mt Iron Ore production
Slide 9: Operational Growth Timetable
OPERATIONAL GROWTH TIMETABLE Contract Growth – Mineral Production – M&A For personal use only August – December March – July 2010 From 2011 2010 Nicholas Downs production Access to Utah Point Windimurra operational Complete Mesa Offer Export Terminal Borroloola in production Complete MWVPL Poondana
Slide 10: CSI Wins Best Supplier for Rio Tinto Iron Ore
IN FEBURARY 2010 CSI WINS THE BEST SUPPLIER FOR CONSTRUCTION AND For personal use only MAINTENANCE SERVICES AND THE BEST OVERALL SUPPLIER FOR RIO TINTO IRON ORE
Slide 11: Nammuldi Iron Ore Operation
Nammuldi Iron Ore Operation For personal use only Location: WA Deposit: Iron Ore Plant Capacity Feed Rate :1400tph Plant Availability: 95% Product: Lump and Fines placed into stockpiles with rail mounted stackers
Slide 12: West Angelas Iron Ore Operation
West Angelas Iron Ore Operation For personal use only Location: WA Deposit: Iron Ore Plant Capacity (1) Feed Rate :1400tph Plant Availability: 92% Product: Lump and Fines from Low Grade Stockpiles Plant Capacity (2) Feed Rate :1200tph Plant Availability: 92% Product: Lump and Fines from Low Grade St
Slide 13: Tanami Gold Operation
Tanami Gold Operation For personal use only Location: NT Deposit: Gold Plant Capacity Feed Rate :800tph Plant Availability: 97% Product: Mill Feed -10mm.
Slide 14: Cloudbreak Iron Ore Operation
Cloudbreak Iron Ore Operation For personal use only Location: WA Deposit: Iron Ore Plant Capacity Feed Rate :1500tph Plant Availability: 98% Product: 8mm Fines using a HPGR Crusher, first in iron ore in WA.
Slide 15: Christmas Creek Iron Ore Operation
Christmas Creek Iron Ore Operation For personal use only Location: WA Deposit: Iron Ore Plant Capacity Feed Rate :3200tph Plant Availability: 98% Plant: 60/89 Gyratory Crusher Scrubbers MP1000 HPGR Beneficiation Plant 6kms Tailings Lime
Slide 16: Fabrication
For personal use only FABRICATION
Slide 17: Lining
For personal use only LINING
Slide 18: Pipeline Installation
PIPELINE INSTALLATION For personal use only
Slide 19: MRL Mineral Assets
MRL MINERAL ASSETS For personal use only Site Product Structure MRL Share Woodie Manganese (Mn) Producing 100% Peak Hill Manganese (Mn) Producing 100% Port Hedland Iron Iron Ore (Fe) Producing 100% Ore Nicholas Downs Manganese (Mn) Mining Alliance with HPPL 40% Yilgarn Iron Ore Iron Ore (Fe) Polaris
Slide 20: Commodity Production History/Forecast
Commodity Production History/Forecast For personal use only Fiscal 08/09 0 9/10 10/11 11/12 Fiscal 08/09 09/10 10/11 11/12 Year Forecast Forecast Forecast Year Forecast Forecast Forecast Site Site Woodie 140,000 295,000 280,000 500,000 Port 325,000 780,000 3,200,000 Manganese Hedland Iron Ore Peak H
Slide 21: Commodity Project Pipeline
Commodity Project Pipeline Short and Long Term Opportunities For personal use only Windimurra Vanadium Mt Marion Lithium Forecast production Construction 1st Quarter 2011 commencing late 2010 Site Product Structure MRL Share Talga Peak Iron Ore (Fe) Farm-in Agreement with Mining Projects 100% Fe rig
Slide 22: Polaris Iron Ore Operation
Polaris Iron Ore Operation For personal use only • Iron Ore resources • JORC resources - 42 million tonnes at 58.5% Fe • Poondano – MIN has Fe rights – 2mtpa direct shipping ore • Yilgarn (YIOP) – 100-150mt @57-59% Fe – direct shipping ore • Mayfield - > 100mt Fe – direct shipping ore and magnetite
Slide 23: Port Hedland Iron Operation
Port Hedland Iron Operation For personal use only Location: WA Deposit: Iron Ore
Slide 24: Port Hedland Ports
RSI Port Hedland Ports For personal use only Utah Point FMG Berths BHPIO Finucane Island Berths PHPA Berth One BHPIO Nelson Point Berths Town of Port Hedland
Slide 25: Mount Marion Lithium Project Overview
Mount Marion Lithium Project Overview For personal use only • Substantial infrastructure enables fast- tracking of project to become second largest Spodumene producer in the world, planned production 200,000 tpa of +6.5% Li2O. • Mineral Resources to: • Operate project • Build-Own-Operate Processing
Slide 26: Mesa Minerals Takeover Proposal
MESA MINERALS TAKEOVER PROPOSAL For personal use only 1 Mineral Resources share for every 70.6 Mesa shares Offer Implies an offer price of $0.106 per Mesa share as at 13 May Key Bid Minimum 50.1% acceptance Conditions Bid closes 5pm (WST/Perth time) on 2 June 2010 (unless further extended or withdra