Dgr Global Limited · ASX:DGR
Dgr Global — IronRidge Resources — Investor Presentation (February 2013)
27 slides from Dgr Global's investor presentation, February 2013
Slide 1: An Emerging African Iron Ore Giant
An Emerging African Iron Ore Giant IronRidge Resources Limited Vincent Mascolo – Executive Director February 2013 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by IronRidge Resources Limited (IronRidge). This presentation is not a prospectus, disclosure document or offering document under Australian law or under any other law. It is for informational purposes only. Any material used in this presentation is onl
Slide 3: Experience drives low cost entry into world class iron targets
Experience drives low cost entry into world class iron targets Board & Management with discovery success Secured 6000km2 of tenure prospective for world class iron ore projects in Gabon − Belinga Sud immediately south of world class Belinga Project (>1bt @ 60%Fe) − Tchibanga high grade iron proj
Slide 4: Value in Discovery
Value in Discovery Model • Grassroots discovery • World class resource • Globally demanded commodity Directors • Nick Mather : instrumental in $4.9 billion shareholder growth, 7 takeovers • Vincent Mascolo : developed $600 million of major infrastructure projects on time and budget • Stuart Crow : t
Slide 5: Population growth and urbanisation to drive steel demand
Population growth and urbanisation to drive steel demand for coming decades 7.5 World urban population growth (Billion people) Chinese peak steel production and iron ore requirements 7.0 1200 1600 6.5 The world is set to urbanise 1400 1000 close to another 3 billion 1200 Iron ore requirement (Mt) pe
Slide 6: Gabon – iron rich, supportive government – infrastructure
Gabon – iron rich, supportive government – infrastructure POTENTIAL INFRASTRUCTURE • Region highly prospective for iron ore – CORRIDOR supported by presence of majors (BHP and Rio Tinto) • Gabonese Government proactively diversifying export revenues away from oil Booue • Gabonese Government’s recent
Slide 7: Belinga Sud – magnetic anomalies = high grade iron, extensive targets
Belinga Sud – magnetic anomalies = high grade iron, extensive targets Belinga Project (Non JORC Resources – 1Bt @ 60%Fe) Preliminary Interpretation • Strong magnetic response, similar to Belinga • Pronounced ridges, particularly at Indombo/Indombo Sth, up to 150m high Preliminary Field Work • Confir
Slide 8: Tchibanga – high grade iron potential, 60km to port
Tchibanga – high grade iron potential, 60km to port Known Resources @126Mt >40km strike potential Hematite Schists Mayumba Port BRGM / Sysmin Fe-occurrence 8
Slide 9: QLD assets – world class titanium and nickel targets
QLD assets – world class titanium and nickel targets Monogorilby • Drilling undertaken late 2011 − Top 11 metres average >4.5% and up to up to 13.8% TiO2 − Rutile panned from samples Nickel • XRD (X-Ray Diffraction) indicates rutile and ilmenite associated with goethite • Preliminary metallurgical r
Slide 10: Monogorilby – world class titanium targets
Monogorilby – world class titanium targets Titanium rich iron stone at Hydro Metallurgy to separate Monogorilby - 31% TiO₂ Iron – Aluminium - Titanium Milled ROM Ore HCl Chloride Leach Silicates Alumina S/ L HCl TiO2 Recovery TiO2 S/ L HCl Fe2O3 Recovery Fe2O3 S/ L 10
Slide 11: Quaggy and Glencoe – potential nickel sulphide belt
Quaggy and Glencoe – potential nickel sulphide belt • Full coverage of the layered gabbros – 30 km strike length • Gabbros are generally preferred hosts for major nickel deposits (eg Norilsk) • Rio Tinto recently secured EPM between Quaggy and Glencoe 11
Slide 12: Quaggy – coincident mag and geochem
Quaggy – coincident mag and geochem • Coincident magnetics and geochem (Pt, Pd, Ni) anomalism is indicative that the magnetotelluric conductors are due to a major metal sulphide deposit 12
Slide 13: Quaggy – potential Nova style target
Quaggy – potential Nova style target • Comparable in size and strength to the recent Nova discovery. • Western extensions may greatly increase the size at Quaggy - Norilsk is the same age ie Permo Triassic • Glencoe offers further potential nearby. Nova discovery 13
Slide 14: Proposed Work Program
Proposed Work Program Key Objectives • High grade iron intersections at Tchibanga • High grade nickel sulphide discovery at and Belinga Sud Quaggy Proposed Work Program Dec ‘12 Mar ‘13 Jun ‘13 Sep ‘13 Dec ‘13 Belinga Sud COMPLETED Field reconnaissance #2 Geophysical Survey Initial Drilling / Sample
Slide 15: Proposed Budget to Dec 13
Proposed Budget to Dec 13 Expenditure Belinga Sud $600,000 Tchibanga $600,000 Kasumbalesa $200,000 Quaggy $100,000 Monogorilby $100,000 Working Capital, IPO Costs and Creditors $500,000 $2,100,000 15
Slide 16: Investment Opportunity
Investment Opportunity Value Proposition Pre-IPO raising $2.1M at 7.5cps, values enterprise (pre cash) at $7.5 million currently • Funds to be utilised for exploration and working capital Future IPO $8 million at IPO at 20 cps, to value Company at $30 million pre IPO Circa 10x uplift in compan
Slide 17: Contacts
Contacts Vincent Mascolo (Executive Director) +61 418 285 412 [email protected] Nick Mather (Director) +61 7 3303 0680 [email protected] www.dgrglobal.com.au/ironridge 17
Slide 18: Appendix
RESOURCES APPENDIX 18
Slide 19: Gabon – Key Facts
Gabon – Key Facts Geography & Population • Area: 257,667km2 • Population: 1.6M (ex CIA World Factbook) Political • Republic, multiparty presidential regime Economy (ex CIA World factbook) • GDP $24.3bn for 2011 (+5.3% YoY) • Key exports oil (70%), timber, manganese − Promoting diversification from o
Slide 20: Track record – 7 deals, $4.9b
Track record – 7 deals, $4.9b Nick Mather, founder and Director of IronRidge Resources: Company $ Role Arrow Energy 3,500m Co-founder, Executive Director Bow Energy 500m Co-Founder, Executive Director Bemax 350m Managing Director Waratah Coal 130m Co-founder, Chairman Santa Cruz 150m Non-Executive D
Slide 21: Initial Reconnaissance Program
Initial Reconnaissance Program Program Summary • Autorisation de Prospection awarded 21 June 2012 • Initial Reconnaissance program commenced 24 June 2012 • Program objectives − Engage key stakeholders − Audit of local facilities − Evaluate access to target areas − Mapping & sampling to confirm exten
Slide 22: Belinga Sud
Belinga Sud BELINGA SUD IRONRIDGE (Fe) 22
Slide 23: Magnetics point to preferred targets
Magnetics point to preferred targets Belinga Sud Tenure Belinga Project (Non JORC Resources – 1Bt @ 60%Fe) 27km Massaha Target Makokou Target 42km Indombo Target BRGM / Sysmin Fe-occurrence Magnetic image (Analytic Signal) over Belinga Sud tenure area showing high responses of proposed iron formatio
Slide 24: Massaha Target
Massaha Target July 2012 Belinga Project (Non JORC Resources – 1Bt @ 60%Fe) 12 km Strike ~60m height above plateau e ADR_8014: 39.4% Fe Magnetic image (Analytic Signal) over Belinga Sud tenure area showing high responses of proposed iron formations and extension of prospective geology to the south 2
Slide 25: Key Results from Belinga Sud Reconnaissance
Key Results from Belinga Sud Reconnaissance Preliminary Interpretation • Confirmation of BIF and hematite • Grades from 41% to 67% Fe at Indombo • Preliminary Exploration Targets 696Mt (based on 50m depth but potential for more) Established relationship with key local Hematitic-BIF 66.78% Fe, 2.69%
Slide 26: Reconnaissance at Tchibanga
Reconnaissance at Tchibanga • Boulder of indurated lateritic material (canga) on the NE flank of Mont Pele, around 800m asl (600m above base level) • Hematite-rich float material from incised drainage channel on NE flank 26
Slide 27: Key Results from Tchibanga Reconnaissance
Key Results from Tchibanga Reconnaissance 60.62% Fe 55.44% Fe 48.86% Fe 49.49% Fe 27
IronRidge Resources — Investor Presentation (February 2013) on 6ix