New Age Exploration Limited · ASX:NAE
New Age Exploration — Investor Presentation (October 2013)
15 slides from New Age Exploration's investor presentation, Oct 1, 2013
Slide 1: Lochinvar Coking Coal Project
Lochinvar Coking Coal Project For personal use only “A New Age of coking coal for the UK” Investor Presentation October 2013 ASX : NAE
Slide 2: Lochinvar – A Unique Coking Coal Project
Lochinvar – A Unique Coking Coal Project A major undeveloped resource, with low capital intensity, in a For personal use only prime location… Position • 100% ownership • UK advantage Platform • 112Mt Inferred Resource • Potential long life underground mining project Product • Attractive low ash coki
Slide 3: Position – United Kingdom
Position – United Kingdom • Undeveloped coalfield For personal use only • Licence granted 2012 (100% NAE) • Attractive investment destination: Low risk Low cost structure • Supportive landowners, local and national (Scottish) government N • Aiming to be first major United Kingdom Australia new u
Slide 4: Platform – Initial Inferred Resource 112Mt
Platform – Initial Inferred Resource 112Mt Inferred Exploration For personal use only Coal Seam Resource Target (Mt)1 (Mt)2 Nine Foot 78 6 – 10 Six Foot 34 7 – 13 Five Foot - 15 – 24 Total 112 28 – 47 • Based on 8 historic NCB holes and 4 holes drilled by NAE in 2013 • Over 100km seismic lines defin
Slide 5: Platform – Nine Foot Seam Depth Profile
Platform – Nine Foot Seam Depth Profile • Attractive depth, dip (average 7o) and seam thickness for underground mining For personal use only • Initial planning indicates workable mining panels between known faults • Shallow coal - 66Mt Inferred Resource from 100m to 500m depth 5 5
Slide 6: Platform – Seam Thickness
Platform – Seam Thickness Coal (West) (East) For personal use only Six Foot Seam Ave 1.5m (1.5m coal) Nine Foot Seam1 Ave 2.2m (2.0m coal) 1 The Inferred Resource for the Nine Foot Seam includes upper plies of the Nine Foot Seam in the north part of the deposit. In 6 the south part of the deposit th
Slide 7: Product – Low Ash Coking Coal
Product – Low Ash Coking Coal Raw Coal Analysis – Resource Average (Air Dried Basis) For personal use only Seam Resource Inherent Ash Volatile Sulphur CSN Tonnages Moisture Matter Million Tonnes % % % % Nine Foot 78 2.4 10.4 32.6 2.1 6.5 Six Foot 34 3.0 11.0 32.0 3.5 6.5 Clean Coal Analysis (Air Dri
Slide 8: Proximity – UK Infrastructure and Domestic Market
Proximity – UK Infrastructure and Domestic Market • West Coast Main Line adjacent to licence (300m) For personal use only • Direct rail links to UK steel mills, coke plants and export ports: Minimises project capital expenditure Minimises project build time • No indigenous coking coal supply in
Slide 9: Proximity – UK and Western Europe
Proximity – UK and Western Europe 2012 Coking Coal Imports: For personal use only • UK 4.8Mt • West Europe 22.9Mt • Total 27.7Mt 2012 Suppliers to UK and Western Europe: • Australia 40% • USA 38% • Other 22% Proximity to market means: Reduced freight cost Reduced delivery time Reduced inventor
Slide 10: Market
Market Lochinvar Price Expectations For personal use only • Initial expectation is Lochinvar will achieve a price similar to landed cost of US HV CC1 • Previously similar quality UK HV CC was priced near the landed cost (FOB + sea freight) of US HV CC • FOB prices for US HV CC have historically been
Slide 11: Peer Comparison
Peer Comparison New Age Jameson Attila Resources Cokal Atrum For personal use only Exploration Resources Coal (ASX: NAE) (ASX: JAL) (ASX: AYA) (ASX: CKA) (ASX: ATU) Project Lochinvar Crown Mountain Kodiak Bumi Barito Groundhog Country UK Canada USA Indonesia Canada Ownership 100% 90% 70% 60% 100% St
Slide 12: Company Summary
Company Summary ASX Code : NAE Gary Fietz - Managing Director For personal use only Geologist with 25+ years experience in exploration, business development and project Share Price : A$0.039 (27 September 2013) evaluation. Previously VP Iron Ore Business Development with BHP Billiton. Ordinary Share
Slide 13: Delivery
For personal use only Delivery 13
Slide 14: Disclaimer
Disclaimer Competent Persons Statement - Lochinvar Resources: The Resources estimate is based on information compiled by Dr John Bamberry, who is a Member of the Australasian Institute of Geoscientists (Member For personal use only No. 4090). Dr Bamberry is General Manager of Geological Services of
Slide 15: Lochinvar Coking Coal Project
Lochinvar Coking Coal Project For personal use only “A New Age of coking coal for the UK” Gary Fietz, Managing Director New Age Exploration Limited Telephone: + 61 3 9620 9931 Email: [email protected] Web: www.nae.net.au
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