20:20 Resources Investor DEVELOPING RESOURCES Series, Sydney FOR - - PowerPoint PPT Presentation

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

20:20 Resources Investor Series, Sydney

November 2013 Gavin Bosch Chief Financial Officer

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

FORWARD LOOKING STATEMENTS

• These materials include forward looking statements. Forward looking statements inherently involve subjective

judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, and may be unknown to Centrex Metals Limited (‘Centrex’ or the ‘Company’).

• Actual results and developments may vary materially from those expressed in these materials. The types of

uncertainties which are relevant to the Company may include, but are not limited to, commodity prices, political uncertainty, changes to the regulatory framework which applies to the business of the Company and general economic conditions. Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking statements.

• Forward looking statements in these materials speak only at the date of issue. Subject to any continuing
• bligations under applicable law or any relevant stock exchange listing rules, the Company does not undertake

any obligation to publicly update or revise any of the forward looking statements or any change in events, conditions or circumstances on which any such statement is based.

• Forward looking statements include, but are not limited to, statements concerning Centrex’s planned

exploration program, targeted resources, commencement of product export and other statements that are not historical facts. When used in this document, the words such as “could”, “target”, “plan”, “estimate”, “intend”, “may”, “aim”, “potential”, “should”, and similar expressions reflected in these forward-looking statements are reasonable, such as statements involving risks and uncertainties and no assurance can be given that actual results be consistent with these forward-looking statements.

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

KEY MESSAGES

• Working towards becoming shareholder in

numerous mining projects

• Funding development and growth through foreign

investment at the project level to minimise shareholder dilution

• Three Chinese backed joint ventures already in

place over iron ore and base metals

• Strategy being enacted to isolate large-scale

magnetite joint venture project capital requirements from parent company and current cash reserves

• On-ground presence in India to increase

international partnership potential

• A$ 45.1M in uncommitted cash as at September

30th 2013

• Paid A$ 15.7M special dividend in 2013
• Several projects (gold, iron ore, base metals) in

exploration phase preparing for further foreign investment attraction

• Pursuing further acquisition opportunities

Base Metals Iron Iron Iron Port Gold

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

BOARD & MANAGEMENT

David Klingberg AO

FTSE, D UniSA, BTech, FIEAust, FAusIMM, FAICD

Non-Executive Chairman

• Former CEO of Kinhill

Limited

• Former Chancellor of the

University of South Australia

Jim Hazel

BEc, SFin, FAICD

Non-Executive Director

Graham Chrisp

BTech (CE)

Non-Executive Director

John den Dryver

BE (Mining), MSc, FAusIMM

Non-Executive Director

Poh Kiat

Dip CE

Non-Executive Director

Lu Bingqiang

BE (Mining)

Non-Executive Director

Ben Hammond

BSc (Geol), MBA, MAusIMM, GAICD

CEO

Alastair Watts

BSc (Geol), Dip Bus, MAusIMM

GM Exploration

Gavin Bosch

BCom, CPA, CSA

CFO & Company Secretary

Steve Brown

Beng (Elec), MEAust, CP Eng

Chief Operating Officer (Eyre Iron Pty Ltd)

Angela Webb

CA BA (Acc), GDip Fin, GDip ACG, GAICD

Finance Manager & Company Secretary (Eyre Iron Pty Ltd)

AK Tareen

Chief Advisor – Strategic Investments India & South Asia

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

CORPORATE OVERVIEW

• Capital Structure (ASX:CXM)

– Shares on Issue: 314.1M – Options & Rights on Issue: 5.2M – Market Capitalisation (@ $0.13): A$ 40.8M – Cash (30th September 2013): A$ 45.1M

Top 10 Shareholders % Issued Capital South Cove Ltd 25.8 Wugang Australian Resources Investment Pty Ltd 12.9 Baotou Iron & Steel (Group) Company Ltd 7.0 HSBC Custody Nominees (Australia) Ltd 5.7 SEL Holdings Ltd 5.2 United Iron Ltd 4.8 Mr Sik Ern Wong 2.7 Davan Nominees Pty Ltd 1.9 Mr Melvin Boon Kher Poh 1.7 Keng Chuen Tham 1.4 Total 69.0

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

IDEALISED DEVELOPMENT MODEL

MARKET JOINT VENTURE PROJECT LEVEL FLOAT MINORITY SHAREHOLDER ACQUIRE EXPLORE OR DEVELOP CENTREX FUNDING FOREIGN INVESTMENT

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

CURRENT JOINT VENTURES

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

• Joint venture with world’s 4th largest steel group Wuhan Iron

& Steel (WISCO)

• Deal structure (for 60% interest to WISCO):

− $75M farm-in contribution by WISCO − $78M directly to Centrex (uncommitted)

• Flagship magnetite iron ore project at Fusion with 680Mt of

Mineral Resources

• Expanded PFS at Fusion underway with drilling to

commence at Bald Hill deposit in 2013

• If PFS successful then option to undertake project level IPO
• n ASX to raise BFS funds
• WISCO to underwrite shortfall of IPO and Centrex to dilute

to 30%

• Alternate options for 3rd party to fund BFS, or trade sale if

PFS unsuccessful

• Strategies now in place to isolate project equity needs from

Centrex and its current cash reserves

EYRE IRON MAGNETITE JOINT VENTURE (CXM 40%)

For details of resources see announcement 18th February 2013 http://www.asx.com.au/asxpdf/20130218/pdf/42d2m8n09wywwg.pdf

South Australia

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

PORT SPENCER (CXM 50%)

• Joint Venture signed with Wuhan Iron & Steel for the

development of a multi-user deep-water bulk commodity export facility at Port Spencer

• WISCO to fund next A$ 4M of development for 50%
• Current design for a relatively low cost facility with 20Mtpa

capacity using a 5,000tph shiploader to load Cape vessels using a 515m jetty

• PFS commenced for potential even lower off-shore capital

transhipment start-up option

• No cyclones or dredging required
• Land already owned for 3rd party user subdivision feeding
• n to common central conveyor
• South Australian Government conditional development

approval for Stage 1 received December 2012

• Federal Government now approved

South Australia

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

BUNGALOW MAGNETITE JOINT VENTURE (CXM 70%)

• Joint Venture with Baotou Iron & Steel Group Co

(Baotou) formed in 2010

• Deal structure:

− $40M Farm-in contribution by Baotou in three stages − Ability for Baotou to earn 50% − $24M contributed so far

• 338Mt Mineral Resource at Bungalow project

and currently at Prefeasibility Study Level

• Successful initial laboratory test work on

additional hematite by-product from magnetite circuit

For details of resources see announcement 25th May 2012 http://www.asx.com.au/asxpdf/20120525/pdf/426gp0l17x8p6l.pdf

South Australia

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

GOULBURN BASE METALS JOINT VENTURE (CXM 65%)

• Joint Venture with Shandong 5th Geo-

Mineral Prospecting Institute (Shandong) executed in 2013

• Base metals project with drill ready IP

targets and historical occurrences

• JV Structured in three stages:

− $2M Farm-in contribution by Shandong to earn 35% − Shandong fund BFS to earn 50% − Shandong fund construction to earn 80%

• FIRB approval received, awaiting Chinese

Government approvals

• Drilling program planned for first half of

2014

NSW

For details on the geological aspects of the Goulburn project see announcement 17th December 2012 http://www.asx.com.au/asxpdf/20121217/pdf/42bz4xwgwlzt5r.pdf

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

EXPLORATION & DEVELOPMENT

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

WILGERUP (100%)

• 100% Centrex owned DSO

hematite project at Wilgerup

• Massive hematite JORC

Indicated Resource of 13.3Mt @ 57.7% Fe

• All mining approvals received
• Develop in line with Port Spencer
• Reviews underway for potential

early export options

For details of resources see announcement 23rd October 2009 http://www.asx.com.au/asxpdf/20091023/pdf/31lk86y343jpv1.pdf

South Australia

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

KIMBA GAP IRON ORE (CXM 100%)

• 4.6km outcropping banded iron formation
• Dual tenancy agreement with Arrium to explore for

magnetite on 600m of strike located on their license

• Located near existing hematite and magnetite iron
• re mines
• Around 60km from Whyalla
• Exploration Target of 330Mt to 500Mt @ 21% to

27% DTR to produce high quality iron ore concentrate

• The potential quantity and grade of this Exploration

Target is conceptual in nature and there has been insufficient exploration to define a Mineral Resource

• It is uncertain if further exploration will result in the

determination of a Mineral Resource

• Marketing campaign for joint venture partner

commenced

For details of resources see announcement 3rd July 2013 http://www.asx.com.au/asxpdf/20130703/pdf/42gv2y425ctg63.pdf

South Australia

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

GUNDAROO GOLD BASE METALS (CXM 100%)

• Project focusing on potential orogenic gold and

base metals mineralisation within the Frogmore Fault Zone, part of the Lachlan Fold Belt

• 10km west of the Goulburn Base Metals Joint

Venture

• High-resolution airborne magnetic and

radiometric survey recently completed over southern half of tenement

• Several historical gold occurrences within survey

area

• Ground geochemical sampling campaign to

commence in early 2014

NSW

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

FORWARD FOCUS

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

MOVING AHEAD

• Continue to enact strategies that see the

company’s magnetite joint venture project equity needs isolated from Centrex and its current cash reserves

• Commence drilling additional deposits at Fusion

magnetite project

• Identify a joint venture partner for the Kimba Gap

iron ore project

• Commence drilling on high priority IP targets

within the Goulburn Base Metals Joint Venture

• nce A$ 2M received from Shandong
• Complete exploration on the Gundaroo Gold-

Base Metals project and commence marketing

• Continue hunt for good value early stage

acquisitions

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

KEY MESSAGES

• Working towards becoming shareholder in

numerous mining projects

• Funding development and growth through foreign

investment at the project level to minimise shareholder dilution

• Three Chinese backed joint ventures already in

place over iron ore and base metals

• Strategy being enacted to isolate large-scale

magnetite joint venture project capital requirements from parent company and current cash reserves

• On-ground presence in India to increase

international partnership potential

• A$ 45.1M in uncommitted cash as at September

30th 2013

• Several projects (gold, iron ore, base metals) in

exploration phase preparing for further foreign investment attraction

• Pursuing further acquisition opportunities
• Paid A$ 15.7M special dividend in 2013

Base Metals Iron Iron Iron Port Gold

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

CONTACT

marketing@centrexmetals.com.au

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

COMPETENT PERSONS STATEMENTS

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

COMPETENT PERSON STATEMENT

The information in this report relating to Bungalow Mineral Resources is based on and accurately reflects information compiled by Ms Sharron Sylvester of AMC Consultants Pty Ltd who is a consultant and adviser to Centrex Metals Limited and who is a Member of the Australian Institute of Geoscientists (RPGeo). Ms Sylvester has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity she is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Ms Sylvester consented to the inclusion of this information in the 25th May 2012 announcement in the form and context in which it appeared in that document. The information in this report relating to Kimba Gap Exploration Targets is based on and accurately reflects information compiled by Ms Sharron Sylvester of AMC Consultants Pty Ltd who is a consultant and adviser to Centrex Metals Limited and who is a Member of the Australian Institute of Geoscientists (RPGeo). Ms Sylvester has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Ms Sylvester consented to the inclusion of this information in the 3rd July 2013 announcement in the form and context in which it appeared in that document.

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

COMPETENT PERSON STATEMENT

The information in this report relating to Fusion Mineral Resources is based on and accurately reflects information compiled by Mr Alan Miller of Golder Associates who is a consultant and adviser to Eyre Iron Pty Ltd and who is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy. Mr Miller has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Miller consented to the inclusion of this information in the 18th February 2013 announcement in the form and context in which it appeared in that document. The information in this report relating to Carrow and Greenpatch Mineral Resources is based on and accurately reflects information compiled by Mr Alex Virisheff of Coffey Mining Limited who is a consultant and adviser to Eyre Iron Pty Ltd and who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Virisheff has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Virisheff consented to the inclusion of this information in the 1st June 2011 and 12th January 2012 announcements in the form and context in which it appeared in that document.

DEVELOPING RESOURCES FOR DEVELOPING MARKETS

COMPETENT PERSON STATEMENT

The information in this report relating to Wilgerup Mineral Resources is based on and accurately reflects information compiled by Mr Alastair Watts of Centrex Metals Limited, and Mr Adam Miethke of Snowden Mining Industry Consultants who was a consultant and adviser to Centrex Metals Limited and who are Members of the Australasian Institute of Mining and Metallurgy. Mr Watts and Mr Miethke have sufficient experience, which is relevant to the style of mineralization and type

• f deposit under consideration and to the activity, which they are undertaking to qualify as a Competent Persons’ as defined

in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Watts and Mr Miethke consented to the inclusion of this information in the 28th November 2008 AGM presentation in the form and context in which it appeared in that document.