Cufe Ltd · ASX:CUF
Cufe — Fe — Investor Presentation (January 2021)
27 slides from Cufe's investor presentation, January 2021
Slide 1: Corporate Presentation
CORPORATE PRESENTATION Emerging Iron Ore Producer January 2021
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fe Limited (“Fe” or the “Company”). It is not a disclosure document and 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
Slide 3: Corporate Snapshot
Corporate Snapshot FEL is an emerging ASX-listed commodity play with an experienced Board and Management team. Company Overview • Fe Limited (FEL) is an Australian mineral exploration company with interests in various Board of Directors & Management projects and tenements prospective for iron ore, b
Slide 4: Investment Thesis
Investment Thesis Rapid iron ore development & production into strong market provides attractive cash flow potential. Thesis: FEL’s investment proposition is predicated on near-term, high grade, premium product iron ore projects and exposure to strategic metals. Leverage Early Cash Flows Yarram ✓ Ex
Slide 5: Wiluna West JWD Deposit
Wiluna West JWD Deposit WWJWD is part of the wider Wiluna West project owned by GWR Group. • In Sep-20, FEL acquired a 51% interest (including operatorship) in the Gold Valley Iron Ore Mining Rights Agreement over the Wiluna West JWD deposit (JWD Ownership Project) • JWD Project is part of the wider
Slide 6: JWD Project – Transport Options
JWD Project – Transport Options There are two transport options currently under consideration at JWD Project. Commentary Transport Options Two key routes being considered: • Option 1: via Leinster is longer, however requires less initial capital and is a sealed road (lower maintenance cost) all the
Slide 7: JWD Project – Resource & Approvals
JWD Project – Resource & Approvals JWD has a resource of 10.7Mt @ 63.7% Fe using a 55% Fe cut off. Resource JWD Outcrop • 10.7Mt @ 63.7% Fe using a 55% Fe cut off • All exploration and resource definition completed along with metallurgical testwork program • Narrow ore body (smaller “gold mining” fl
Slide 8: JWD Project – Cross Section of Drill Holes
JWD Project – Cross Section of Drill Holes Mining Strategy • Mine planning stages the pit development to maximise grade and minimise strip ratio in each stage. • Narrow ore body of exceptional grade and impurities, managing dilution risk a key focus 8
Slide 9: JWD Project – Targeted Process Flow
JWD Project – Targeted Process Flow Production Process • Mine, crush and screen, haul to port, ship – proven production process successfully deployed in the Pilbara and Mid-West numerous times over many years • Process is very well suited to a contractor model • Engaging contractors supports low cap
Slide 10: WWJWD – Targeted Project Milestones
WWJWD – Targeted Project Milestones FEL is targeting commencement of mining in Q1 21 and product shipment Q2 21 o Submit Works Approval o Initiate Infrastructure access o Commencement of Shipments negotiations o Assess Phase 2 economics Ongoing operations Mar Q 2021 Sep Q 2021 Dec Q 2020 Jun Q 2021
Slide 11: JWD Project – Next Steps
JWD Project – Next Steps Development – Target commencement development on a staged basis. The terms of the acquisition support this as the company has the right to extract up to agreed volumes upon payment of the relevant amounts: 1 Stage 1 – Test pit, right to extract up to 300kt, with FEL targetin
Slide 12: Yarram Iron Ore Project
Yarram Iron Ore Project FEL operate and hold a 50% interest in the Yarram Iron Ore JV. • In Aug-20, FEL entered into a binding Heads of Agreement to acquire a 50% interest (including Ownership operatorship) in the Yarram Iron Ore Project (Yarram), completion of the transaction occurred in Dec-20 • Y
Slide 13: Yarram – Transport Logistics are favourable
Yarram – Transport Logistics are favourable Yarram is located ~110km from the port in Darwin, which currently has export capacity available Logistics solution is attractive • Road Haulage: Yarram’s close proximity to the Darwin port will result in a low product transport cost in comparison to other
Slide 14: Yarram – Geology
Yarram – Geology The geology at Yarram is a shallow, robust and high grade mineralization. Commentary • Typical cross section within mining licence - Shallow, robust, high grade mineralisation • Exploration Target: 4–6 Mt @ 60% - 62% Fe • Short drilling campaign proposed to infill and step out from
Slide 15: Yarram – Targeted Project Milestones
Yarram – Targeted Project Milestones First ore on ship targeted for ~3 months after development decision o Complete Acquisition o Evaluate drill results Decision to mine o Issue JORC resource (Commence works on site) Mar Q 2021 Sep Q 2021 Dec Q 2020 Jun Q 2021 Dec Q 2021 o Recommence environmental o
Slide 16: Yarram – Next Steps
Yarram – Next Steps Stakeholder Engagement: Engage with neighbouring mine on infrastructure 1 sharing opportunities, Traditional Owners, local councils etc 2 Drilling: Complete small additional resource drilling campaign to infill current dataset and facilitate JORC Resource 3 Drilling: Step out exp
Slide 17: Pilbara Exploration Tenure
Pilbara Exploration Tenure 17
Slide 18: Pippingarra Gold Project
Pippingarra Gold Project FEL’s Pippingarra Gold Project is located in a highly prospective gold region near De Grey’s Hemi project. Overview • Identification of suspected sheared mafic intrusions in FEL Pippingarra tenement. • Area of interest directly along shear to the north east of recently disco
Slide 19: Marble Bar Lithium Project
Marble Bar Lithium Project Comments Marble Bar Lithium Project pegmatite swarms and rock sampling • Rock sampling across E45/4669 confirms Lithium-Caesium- Tantalum (LCT) pegmatites over strike length of 9km • Grab rock samples containing visible lithium bearing minerals of spodumene and lepidolite
Slide 20: Bryah Basin JV Projects
Bryah Basin JV Projects Comments • Tenements proximal to: Sandfire Resources NL (ASX: SFR), Doolgunna Project; and DeGrussa copper-gold mine, and other gold and copper prospects • Exploration & prospecting licences within Auris Minerals Ltd (ASX: AUR): Forrest Project; and Morck Well Project • Morck
Slide 21: Next Steps
Next Steps 1 FOCUS – Advance JWD Project to production YARRAM –Pre mining works: stakeholder engagement, drilling, resource 2 estimation, pit optimisation, mine design, approvals, mobilisation and establishment. 3 PILBARA PROJECTS – Au and Li exploration within Pilbara tenure 4 PORTFOLIO – Build pro
Slide 22: Appendix
Appendix 22
Slide 23: Robust Global Demand
Robust Global Demand China continues to increase its steel production. Crude Steel Production Commentary • Chinese steel output up significantly over the year, with RoW also recovering Chinese government has boosted infrastructure spending, while manufacturing sector rebounds as economy reopened; •
Slide 24: A Resilient Iron Ore Market
A Resilient Iron Ore Market The iron ore market continues to demonstrate resilience to volatile global markets. Historical Iron Ore Price Commentary ✓ Strong demand for Australian iron ore products, has pushed prices up ✓ Draw down of iron ore stocks at Chinese ports and high consumption means inven
Slide 25: Experienced Team
Experienced Team Board of Directors Management Tony Sage – Executive Jeremy Sinclair Chairman Projects Director Over 35 years’ experience in Over 25 years’ experience in corporate advisory, funds operational, development and management, capital raisings technical roles. 11 years at and management of
Slide 26: Attributions
Attributions Competent Persons JORC Statement Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Olaf Frederickson. Mr Frederickson is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM) and has sufficient ex
Slide 27: Contact
+61 (8) 6181 9793 [email protected] felimited.com.au