Macro Metals Limited · ASX:M4M
Macro Metals — Kogi Iron — Shareholder Meeting (November 2013)
24 slides from Macro Metals's shareholder meeting presentation, November 2013
Slide 1: AGM Company Presentation
ABN 28 001 894 033 AGM Company Presentation Nov 2013 Iggy Tan Managing Director www.kogiiron.com | ASX: KFE
Slide 2: Vision to be an African Iron Ore producer
Vision to be an African Iron Ore producer Significant iron ore resource Project scale upside Advantages in doing business in Nigeria Vision to be an ASX 300 company Strong Board with credentials to develop project www.kogiiron.com | ASX: KFE 2
Slide 3: Year achievements
Company name change to Kogi Iron Limited Opening of site office on the Agbaja plateau Completing extensive resource drilling program Maiden JORC Compliant Inferred Mineral Resource of 488 million tonnes with an in-situ iron grade of 42.7% Completing a 25 hole step-out drilling program and
Slide 4: Strategy and road map for the Agbaja Project
Defined a clear strategy and road map for the development of the Agbaja Project Closer ties with Nigerian Government and Community Marketing and Communication strategy to raise the profile of Kogi Iron Re-engagement of our current shareholder base Create positive momentum in shareholder su
Slide 5: China iron ore import needs and Africa
China needs to import 75% of iron ore Controls less than 10% of Australia’s iron ore production China’s total Foreign Investment in Aust is less than 1% Inflated cost base on recent Aust projects Looking to Brazil and Africa as improving investment destinations “Africa is the place where C
Slide 6: Project logistics flow: plateau to port
Beneficiation Crusher Plant Surface Mining ROM Tailings AGBAJA PLATEAU Water Approx 20 km Banda Barge Facility Warri Port Transshipment 11,500 t Ocean Barge 3,000 t River Barge Niger River 508 km Gulf of Guinea 125 km 170,000 t OGV Movie www.kogiiron.com | ASX: KFE 6
Slide 7: Scoping Study progress
High calibre team, building strong momentum Detailed level of study Strongly directed by Kogi Iron Managing costs Accelerated pace Complying to 2012 JORC Code * On track for completion end Q1 2014 * 2012 JORC Code and ASIC/ASX limits the Company from specifying details of the Scoping S
Slide 8: Scoping Study consultants
Study Area Company Resource Coffey Mining Mine Planning Coffey Mining Metallurgy & Process Tenova Australia Pipeline Patterson & Cooke Barging Prestedge Retief Dresner Wijnberg Operations Wilson & Associates Market AME Group Financial Modelling NPV Pty Ltd Environment & Social Greenwater Pty Ltd www
Slide 9: Mine planning
Potential location for processing plant identified Conceptual mine designs completed for Stage 1 and Stage 2 mine areas Thickness of target ore body Low estimated 20 year strip ratio of 0.72 to 1 will minimise future mining costs Average strip ratio of 0.42 to 1 in first three years of ope
Slide 10: Plant location
Plant Location www.kogiiron.com | ASX: KFE
Slide 11: Process plant design
Metallurgical testwork completed to support a processing plant design Process plant design & equipment selection completed Budget quotations received from most equipment suppliers Capital cost estimation underway Site and roads layout completed Manning, infrastructure & buildings complet
Slide 12: Scoping Study will consider the following process
Scoping Study will consider the following process www.kogiiron.com | ASX: KFE
Slide 13: Process flow diagram
Process Water Pond Mag Separation Screening Plant Crushers ROM Crushed Ore Stockpile Power Road & Pipeline to Plant Banda River Port www.kogiiron.com | ASX: KFE 13
Slide 14: Road and slurry pipeline
• Road from Banda to Agbaja • Main access to site • 22 kms buried slurry and water pipeline • 244 mm dia slurry line • 500 mm dia water pipe line • Leak detection www.kogiiron.com | ASX: KFE 14
Slide 15: Concentrate loading and barges
Concentrate Barges Concentrate Loader Process water intake Concentrate Stockpile Filtration Building www.kogiiron.com | ASX: KFE 15
Slide 16: Barging study
• Barging study completed by PRDW • Barging to Warri and then to trans shipment point • Currently PRDW optimising barging scenario • Will bypass Warri Port (double handling) and straight to trans shipment point • Transfer from river barges to sea going barges www.kogiiron.com | ASX: KFE 16
Slide 17: www.kogiiron.com | ASX: KFE
www.kogiiron.com | ASX: KFE 17
Slide 18: Environmental and Social Impact Assessment
Environmental and Social Impact Assessment (ESIA) – draft completed Base line data collection over the dry and wet seasons completed No environmental show stoppers Environmental Management Plan Large social benefits - local employment Growth in support industrial sector Job creation an
Slide 19: Risk assessment and cost estimation
Risk Assessment Workshop completed Risk Management Plan in place Operating Cost estimation – in progress Preliminary Financial modelling in progress Helps guide in operational design Market outlook and price forecast – AME Group www.kogiiron.com | ASX: KFE 19
Slide 20: Church restoration and community support
Company sponsored new ceiling and refurbishment of local church Church Restoration Project Mosque Support Project www.kogiiron.com | ASX: KFE 20
Slide 21: Kogi geologists inducted into COMEG
Four Kogi Geologists awarded their induction into the Council of Nigerian Mining Engineers and Geoscientist (COMEG) Mines Minister Sada presenting Induction Certificates Kogi Geologists Inductees Mosque Support Project www.kogiiron.com | ASX: KFE 21
Slide 22: Outlook and news flow
Vision to be a African Iron Ore Producer Entering a very exciting phase Building a strong momentum Continuous and regular update to the market Good strong news flow expected On track to complete Scoping Study by Q1 2014 www.kogiiron.com | ASX: KFE 22
Slide 23: Note - Scoping Study
Note 1 -Scoping Study Investors are advised that the purpose of the Scoping Study is to assess the potential viability of the development of a mining and processing operation at the Company’s Agbaja Project against a set of key commercial parameters. Neither the commencement of the Scoping Study, no
Slide 24: For further information, please contact
For further information, please contact: Kogi Iron Limited Media Iggy Tan Michael Vaughan Managing Director Cannings Purple Tel: +61 8 9200 3456 Tel: +61 8 6314 6300 Email: [email protected] Email:[email protected] Shareholders are encouraged to visit the Company website (www.kogiiron.c