Anglesey Mining Plc · LSE:AYM
Anglesey Mining — Investor Presentation (January 2013)
28 slides from Anglesey Mining's investor presentation, January 2013
Slide 1: Anglesey Mining plc Presentation January 2013
Anglesey Mining plc Presentation January 2013
Slide 2: Disclosure
Disclosure Anglesey Mining plc (“AYM”) and Labrador Iron Mines Holdings Limited (“LIM”) have prepared this presentation for information purposes only. The information contained herein was prepared by management on a best efforts basis and is believed to be accurate. It contains forward-looking state
Slide 3: Anglesey Mining
Anglesey Mining LSE Main Board listing since 1988 100% ownership of the Parys Mountain copper- lead-zinc deposit in North Wales Current 19.5% holding in Labrador Iron Mines Holdings Limited
Slide 4: Parys Mountain
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Slide 5: Parys Mountain History
Parys Mountain History Bronze Age, Roman Major Mines 1760 – 1900 Exploration from 1960’s AYM floated in 1988 Major geological review 1998 to 2006 Development plans 2007 onwards
Slide 6: Parys Mountain
Parys Mountain 50,000+ metres of surface diamond drilling 300 metre deep shaft sunk in 1990 – 1,000 metres of underground development Over 10,000 metres of underground diamond core holes Over 2,000 tonnes of ore extracted and processed on-site Planning permissions in place 6
Slide 7: Parys Underground
Parys Underground Underground
Slide 8: Engine Zone drilling 2012
Engine Zone drilling 2012
Slide 9: Ore Bodies in 3D
Engine Zone Parys Mountain Mines Limited Title: MICON 3D Resources Engine Zone/White Rock Garth Daniel/Northern Copper Date: October 2012 | Drawn: MICON White Rock Zone Lower Engine Zone Garth Daniel Zone Northern Copper Zone
Slide 10: Parys Mountain Mineral Resource Estimate at $80 per tonne GMPV Cut-Off
Parys Mountain Mineral Resource Estimate at $80 per tonne GMPV* Cut-Off Zone Category Tonnes Cu % Pb % Zn % Ag g/t Au g/t GMPV* $/t Indicated 489,000 1.38 2.61 4.99 92.8 0.5 254 Engine Inferred 121,000 1.74 3.42 6.74 70.0 0.5 290 Ind + Inf 610,000 1.45 2.77 5.34 88.3 0.5 261 Inferred 618,000 1.95 1.
Slide 11: Recent Project Development
Recent Project Development Completed geophysics and geochem programmes Completed 2,000 metre 12 hole drill programme All resources to JORC compliant status Update Scoping Study to include Engine Zone Review development options Continue environmental review Funding discussions
Slide 12: Parys Mountain Strategic Options
Parys Mountain Strategic Options Development Options White Rock and Engine Zone rapid development at 500 tpd through new declines (lower capital cost) Engine Zone development through existing shaft at 1,000 tpd (higher capital cost) Corporate Options Fund independently Develop in joint ven
Slide 13: White Rock – Long Section
Northeast Write poe — Lepie Section Cross Sections Southwest E F G H ——00m Mine Datum— 7 J y kK a Surface 4 Baan @ 0.16%Cu ¢ 1.02%Pb ff Diesen WD3 29249 + lo7gtau wD2 “ D4 +/some “ WD1 7 0.15%Cu y 47ane 28.8 @ ae BO som 2.10%Zn Va 3.30%Pb 3.71%Pb 25g/tAg Fa 21m @ + 6.08%Zn 6.05%Zn O7grtAu | 0.41% Cu
Slide 14: Potential White Rock Initial Development
Decline Potential White Shaft Collar Portal Rock Initial Development Layout Planned White Rock stopes Spiral Decline General location of Engine Zone Ventilation rises 280 level
Slide 15: Parys Mountain – Project Benefits
Parys Mountain – Project Benefits Company owns freehold to all required areas Current permits in place Good local infrastructure High level of local and regional support No political risk Good underground conditions Short time to production
Slide 16: Labrador Iron Mines Holdings Limited
Labrador Iron Mines Holdings Limited Leases put together in 2005 Anglesey provided seed capital 2006-2007 Listed on TSX December 2007 with AYM holding 50% AYM diluted through secondary financings to 19.5% currently AYM represented on LIM Board by John Kearney, Bill Hooley and Danesh Vaema
Slide 17: LIM Advantages
LIM Advantages Canada’s newest and only independently- owned iron ore producer Current sustainable production of up to 2.0 million tonnes per year of iron ore Flexible production growth: ability to more than double current production Superior leverage to the recovery in iron ore spot price NI 43-101
Slide 18: LIM Portfolio: DSO Deposits
LIM Portfolio: 20 DSO Deposits (100% owned) 45 Mt Current production Stage 1: James + 57 Fe% Murdoch NI 43-101 M&I surrounding deposits: Resources1 Eclipse 21.7 Mt Resource 1 Future production 121 Mt Kivivic Stage 2: Houston 22.9 Mt Resource (future production) 1 57 Fe% Historic Resources2 Howse Sch
Slide 19: LIM Fast Track to Production
LIM Fast Track to Production Advanced From Construction to Sustainable Production in Only 10 Months 2012 Dec 2007: Closed IPO First full season 2008 – 2010: Two year 2011 at James Mine environmental 2010 1.7 mt of and permitting 2009 production 2008 achieved 2007 2010 – 2011: Mine and plan
Slide 20: LIM James Mine
LIM James Mine First Full Season of production James Excellent operating results achieved in 2012 mine Mined 1.8 million tonnes at +60% Fe 1 Processed almost 1 million tonnes 0.8 million tonnes direct railing ore produced Railed 1.5 million tonnes Sold 1.6 million tonnes of at +62% Fe
Slide 21: LIM Processing
LIM Processing Silver Yards Processing Plants Dry processing Wet processing Ore processed by Ore beneficiated by crushing and crushing, washing screening and screening In late 2012 dry process Phases 1 & 2 completed in 2011 utilized exclusively to produce Phase 3 construction largely lump and
Slide 22: LIM Stage 2: Houston Flagship Deposit
LIM Stage 2: Houston Flagship Deposit Potential to more than double current production Large resource Key Development Project 23 million tonnes M+I @57.2% Fe1 15+ year mine-life + 3.7 tonnes Inf @56.5% Fe1 (NI 43-101) ~2.0 mt potential annual More than double the historical resource2 production 3
Slide 23: LIM Stage 2: Houston Flagship Deposit
LIM Stage 2: Houston Flagship Deposit Simple Development Plan New dedicated rail siding (6km) Stage 2 Deposits M&I (South Central) (000t) Access road (10km) + bridge Houston (NI 43-101 22,900 Compliant) In-pit crushing and screening Malcolm (Historical) 2,900 (Phase 1) Commencement of full c
Slide 24: LIM Rail Agreements
LIM Rail Agreements Near and Long-term Strategies Rail agreements in place » G&W leases locomotive and operates LIM’s 6 km spur line » TSH Rail to Emeril Junction in Labrador: 235 km » QNS&L Railway to Port of Sept-Îles: 360 km Short- » Lengthened two train sets Rail Strategies in place term (incr
Slide 25: LIM Shipping Advantage
LIM Shipping Advantage Deep sea port on Atlantic seaboard » Access to European, Asian and North American markets Shipping advantage to North American and European markets » Shorter distance relative to other primary iron ore regions Western Europe (Rotterdam) 5,000 km Eastern Europe (Constantza)
Slide 26: LIM Opportunity
LIM Opportunity Superior Leverage to a Recovery in Iron Ore Prices Canada’s newest and only independently-owned iron ore producer Current sustainable production of up to 2.0 million tonnes per year of iron ore Operational expertise with strong government and strategic relationships Flexible producti
Slide 27: Anglesey Mining Summary
Anglesey Mining Summary Important shareholding in LIM – already in production Ready to move on Parys Mountain – short time to production Main Board listing
Slide 28: Anglesey Mining plc
Anglesey Mining plc Bill Hooley Ian Cuthbertson Chief Executive Finance Director 01492-541981 01248-361333 07785-572517 07985-831275 [email protected] [email protected] Anglesey Mining plc Parys Mountain, Amwlch, Anglesey, LL68 9RE
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