Mineral Resources Limited · ASX:MIN
Mineral Resources — Morgan Stanley Australia Emerging Companies Conference 2011
18 slides from Mineral Resources's conference presentation, June 2011
Slide 1: Morgan Stanley Australia Emerging Companies Conference
Morgan Stanley Australia Emerging Companies Conference Peter Wade, Executive Chairman June 2011
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Mineral Resources Limited (“MRL” or “the Company”). It 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 those securities.
Slide 3: Mineral Resources
Mineral Resources Service Provider Minerals Producer Process Minerals Crushing Services PIHA Polaris Metals Mesa Minerals Minerals and base metals Australia’s largest specialist Pipeline, services, site Specialist Iron Ore (64% owned) processing, logistics, ship BOO crushing, screening infrastructur
Slide 4: Financial history
Financial history Value of an investment of $1,000 in MIN on float in 2006 16,000 14,000 12,000 10,000 $ '000s 8,000 6,000 4,000 2,000 - 2006 2007 2008 2009 2010 Jun 2011 Revenue NPAT (normalised) 400 80 350 300 60 $ millions 250 $ millions 200 40 150 100 20 50 0 0 FY2007 FY2008 FY2009 FY2010 HY2011
Slide 5: Safety performance
0 2 4 6 8 10 12 14 16 Mar-06 May-06 Jul-06 Sep-06 Nov-06 Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 Safety performance May-08 LTIFR Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 Industry Average May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Industry Ave
Slide 6: Christmas Creek BOO contract
Christmas Creek BOO contract Plant construction / operational testing complete Ramp up to name plate in progress > 1million tonnes delivered Planning for additional tonnages 6
Slide 7: Christmas Creek BOO contract
Christmas Creek BOO contract 7
Slide 8: Yilgarn iron ore district
Yilgarn iron ore district “AN RESOURCES - T T YILGARN IRON ORE rt PROVINCE 700 000mE 850 000mE YILGARN IRON | ORE PROJECT | | \ ° Mt Elvire [] Koolyanobbing Kalgoorlie Loreen Manette p l | Australian 0 50km ——— een Johnston Range [ Menzies Target 20-30Mt 0SO Mayfield JORC Resource cert nti Carina Co
Slide 9: Exploration - Yilgarn iron ore district
Exploration - Yilgarn iron ore district Current program Carina Extended – resource definition drilling of the northern extension Johnson Range – extension of previous resource definition programme Mayfield – met testing of diamond drill core samples Short term program Carina Extended targetted progr
Slide 10: Carina iron ore mine
Carina iron ore mine Project Statistics • Project EPCM – Crushing Services International • Total Project Value - $197mill • Final Project Approvals – May 2011 • First Ore on Train – Scheduled for October 2011 • Project Construction Man-hours – 500,000 • Initial Clearing Required – 300 Hectares • Ear
Slide 11: Carina iron ore mine
Carina iron ore mine • Mining pre-strip civils in progress • Support infrastructure underway • Accommodation village • Haul road • Mine facilities • Rail Load-out / line work • Temporary processing plant in construction • KBT2 project – broken ground Mining equipment in action Stockyard benching com
Slide 12: Carina iron ore mine
Carina iron ore mine Main line turnout Accommodation units Friday night seafood Kwinana Berth 2 12
Slide 13: Poondano iron ore project
Poondano iron ore project Target capacity 1.5 – 2 mtpa Processing plant in construction Site infrastructure ready to mobilise Logistics chain in place Projected site commencement for operation June 2011 13
Slide 14: Mesa Minerals
Mesa Minerals Mesa Manganese Joint Venture Partners - Mesa Minerals 50%, Auvex Resources 50% Resource – Ant Hill & Sunday Hill manganese tenements MRL holds 64% of Mesa Minerals MRL agreed to purchase Auvex Resources via scheme of arrangement. Court date set for June 2011 Manganese technology commer
Slide 15: Pipeline operations
Pipeline operations Workshop activity – record Australian coal seam gas infrastructure Overseas supply Overseas contracting - strong Brunei Indonesian mining client Australian contracts – mine infrastructure focus Cadia Ridgeway Cape Lambert BHP – multi-site 15
Slide 16: Equipment procurement opportunities
Equipment procurement opportunities • Mineral processing equipment opportunities locally & overseas • Equipment becoming available as previously closed operations dispose of equipment • Opportunity to acquire assets depends on ability to dismantle and remove items • MRL expected spend > $20 mill for
Slide 17: Business development / operations priorities
Business development / operations priorities • Key to success is seamless • Resource definition in Yilgarn execution of major projects Region promising • Major opportunities to grow in • Equipment procurement contracting – market presents opportunities in region a range of opportunities • PIHA oppor
Slide 18: Market outlook
Market outlook • Port infrastructure key to operational success in WA – state government has some momentum – opportunities for MRL • Resource sector growth creates opportunities for mid-tier operators to move into production with links to majors – opportunities for MRL • Market – Iron ore pricing co
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