C O Company Overview
September 2010 September 2010
Company Overview O September 2010 September 2010 C Disclaimer - - PDF document
Company Overview O September 2010 September 2010 C Disclaimer This document has been prepared as a summary only, and does not contain all information about the Companys assets and liabilities, financial position and performance, profits
September 2010 September 2010
This document has been prepared as a summary only, and does not contain all information about the Company’s assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities. This document should be read in conjunction with any public announcements and reports (including financial reports and disclosure documents) released by Indo Mines Limited. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the Shares or that there will be an increase in the value of the Shares in the future. Further details on risk factors associated with the Company’s operations and its securities are contained in the Company’s prospectuses and other Further details on risk factors associated with the Company s operations and its securities are contained in the Company s prospectuses and other relevant announcements to the Australian Stock Exchange. Some of the statements contained in this release are forward-looking statements. Forward looking statements include but are not limited to, statements concerning estimates of recoverable pig iron, expected product prices, expected costs, statements relating to the continued advancement of the Company’s projects and other statements which are not historical facts. When used in this document, and on other published information of the Company, the words such as “aim”, “could”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements statements. Although the company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements include the potential that the Company’s projects may experience technical, geological, metallurgical and mechanical problems, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material. The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position. The information in this report that relates to Exploration Results and Mineral Resources of the Jogjakarta Iron Project is based on information compiled by Mr Philip Welten who is a member Australian Institute of Mining and Metallurgy Mr Welten is a consultant of Indo Mines Limited Mr Welten has by Mr Philip Welten, who is a member Australian Institute of Mining and Metallurgy. Mr Welten is a consultant of Indo Mines Limited. Mr Welten has sufficient experience, which is relevant to the style of iron ore mineralisation 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 Welten consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Market Capitalisation approx $36 million → Undervalued against peers
(converting 1 for 1)
Anglo Pacific Group Plc
Board and Management 37.1m 22.6% Anglo Pacific Group 20.1m 12.3% Iron Project Vendors 10.9m 6.7% 68.1m 41.6% Top 40 Holders 124.9m 76.7%
C t t f W k t i d
Iron Project - Jogjakarta
process ALL iron sands throughout Indonesia
based on 1mt pa of pig iron
M k k Th l C l Mangkok Thermal Coal
Jakarta
INDONESIA South Kalimantan Coal
approx 6,000 to 7,000 kcal/kg Iron Sands INDONESIA
Zealand Steel, responsible for the iron sands business, by-product and steel manufacturing businesses manufacturing businesses.
Development, and founding CFO of Fortescue Metals Group (ASX:FMG).
(ASX: MMX) (ASX: MMX)
Outotec Business Development Manager with significant knowledge of f t h l i ferrous technologies.
contact base in Asia / Indonesia.
Targeting a Unique Market g g q Niche TO BE:
Supplier of Choice to the Growing Indonesian Steel d M t l I d t and Metals Industry
Choice to the Asian Metals I d t Industry
240 million+ R f d fi i l i tit ti
400 500 600
Gross Domestic Product US$ billion
economy in 2009 C dit d b Fit h S&P d
200 300 400
Moody in the last year
O f th t f i
100 1980 1985 1990 1995 2000 2005 2010
% GDP Growth
economies through the GFC
growing economies of the world
4.00% 5.00% 6.00% 7.00%
growing economies of the world
billion in new infrastructure projects
0 00% 1.00% 2.00% 3.00% 0.00% 2007 2008 2009 2010
products – China, India, Indonesia
Indonesia…..
JV with Krakatau Steel to build a new 6mt steelworks
Steel Consumption per Capita (kg)
5.6% of gross imports. (The #1 imported item by value)
imported raw materials
domestic demand 2013 of >10mt
Market Overview
t l Indo Mines Opportunity
th ld scrap metal
furnace operations require scrap as feed the world.
provide early cash flows. as feed
developing countries still in construction phase p
iron price and iron ore price
an abundant ore produced by volcanic activity volcanic activity
with up to 9% Titania (TiO2)
is undesirable in blast
furnace feed BUT
Reduced Iron (DRI) technologies
valuable by-product
environmentally friendly
Jakarta
100km
Potential
Yogyakarta
JAVA Iron Sands
20km
Iron Sand Mining Concession
Additional Resource Potential
22km ‐ 605Mt YOGYAKARTA
Additional Resource Potential
J o g j a k a r t a
2km
Mining Lease Boundary
6 273 14 2%
0 – 6 metres million tonnes 14.2% Fe 0 – 20 metres 605 million 10.8% Fe metres tonnes Fe
Surface Sand Unit
(above an average 6m depth)
JORC Resource (at a cut off of 9% Fe) Tonnes (Million) Grade (% Fe) (at a cut off of 9% Fe) (Million) (% Fe) Measured 115.6 13.9% Indicated 134.9 14.5% Inferred 22.5 14.0% 273.0 14.2%
produced
tonnes of concentrate
steel products for over 30 years
local partner 30%
Indonesia – potential for >10 Million tonnes of iron / pig iron / steel per annum D t i t St l f i d
capital and operating costs I i St l C ti i I d i f l b
gives it a competitive edge
for processing and power supply gives it a competitive edge
booming for processing and power supply
257 general mining & support projects registered; & 93 PT companies with registered; & 93 PT companies with project approvals
Location
infrastructure:
and operating
Coal Features
6,000 to 7,000 kcal/kg high quality thermal coal
Coal Production
10,000 coal samples evaluated
commenced