DEVELOPING RESOURCES FOR DEVELOPING MARKETS
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
Company Update
February 2013
Company Update RESOURCES FOR February 2013 DEVELOPING MARKETS - - PowerPoint PPT Presentation
DEVELOPING Company Update RESOURCES FOR February 2013 DEVELOPING MARKETS DEVELOPING RESOURCES FOR DEVELOPING MARKETS FORWARD LOOKING STATEMENTS These materials include forward looking statements. Forward looking statements
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
February 2013
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
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’).
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.
continuing obligations 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.
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
projects with Wuhan Iron & Steel funding first $75M of development; 653Mt Mineral Resource at flagship Fusion project
water port facility with Wuhan Iron & Steel to fund next $4M of development; State Government approval received
interest by funding first $40M of development; 338Mt Mineral Resource
Prospecting Institute earning 35% for $2M exploration; ability to earn 80% by funding to production
7 licences in South Australia
Base Metals project near Goulburn
Base Metals Iron Iron Iron Port
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
phosphate, gold and steel)
“Acquire, define and develop a portfolio of resource projects for developing markets to provide shareholder value.” Our focus is on;
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
David Klingberg AO
FTSE, D UniSA, BTech, FIEAust, FAusIMM, FAICD
Non-Executive Chairman
Limited
University of South Australia
Jim Hazel
BEc, FFin, FAICD
Non-Executive Director
Graham Chrisp
BTech (CE)
Non-Executive Director
John den Dryver
BE (Mining), MSc, FAusIMM
Non-Executive Director
Jim White
BApp Sci (Met), FIEAust, CP Eng
Executive Director
Poh Kiat
Dip CE
Non-Executive Director
Lu Bingqiang
BE (Mining)
Non-Executive Director
Ben Hammond
BSc (Geol), MBA, MAusIMM, GAICD
Acting-CEO
Alastair Watts
BSc (Geol), Dip Bus, MAusIMM
GM Exploration
Gavin Bosch
BCom, CPA, CSA
GM Finance & 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
– Shares on Issue: 313.6M – Options & Rights on Issue: 3.3M – Market Capitalisation (@ $0.19): A$ 59.6M – Cash (31st December 2012): A$ 63.3M – Cash (Forecast Ex-Dividend 11th March 2013) A$ 47.6M
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 5.3 SEL Holdings Ltd 5.2 United Iron Ltd 4.8 Mr Sik Ern Wong 2.6 Davan Nominees Pty Ltd 2.0 Mr Melvin Boon Kher Poh 1.7 Keng Chuen Tham 1.4 Total 68.7
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
– Support feasibility studies for the WISCO and Baotou iron
– Progress Federal Government approvals for Port Spencer deep water export facility (SA)
– Finalise transaction for third Chinese backed joint venture
– Complete initial exploration drilling at the Kimba Gap iron
– Review ground gravity survey results at the Wilgerup DSO hematite project (SA)
– Acquire two early stage bulk commodities projects in 2013
– Consider cash requirements for existing and future business – Special dividend announcement
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
magnetite iron ore projects with Wuhan Iron & Steel funding first $75M of development; 653Mt Mineral Resource at flagship Fusion project
proposed deep-water port facility with Wuhan Iron & Steel to fund next $4M of development; State Government approval received
Steel earning 50% interest by funding first $40M of development; 338Mt Mineral Resource
DSO Resource
in iron ore rights to 7 licences in South Australia
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
Fusion Magnetite Project, including 287Mt Measured and Indicated*
slurry pipeline
scope to be agreed April 2013
*Refer slide 21 for full details
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
venture for the development of a deep- water bulk commodity facility at Port Spencer
for low cost expansion
capable port, no dredging required
infrastructure project
development approval for Phase 1 received December 2012
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
30% interest, Centrex retains a 70% interest
A$16 million to earn a 50% interest
Measured and 164Mt Indicated*
from Port Spencer
water and product transport
2013
*Refer slide 23 for full details
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
project at Wilgerup
Resource of 13.3Mt @ 57.7% Fe*
development
hematite and magnetite
reviewed for further DSO targets
*Refer slide 24 for full details
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
exploration program for Shandong 5th Geo-Mineral Institute to earn 35%
funding through to production
roughly 10km west of Goulburn project
with historically defined gold and base metals mineralisation
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
existing Middleback Ranges iron ore mines
(BIF) coincident with magnetic and gravity anomalies
place
targeting both DSO and magnetite mineralisation
Venture
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
commodities projects
development and resource definition
developments
third Chinese backed joint venture signed in January 2013
with marketing current and future projects
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
to shareholders
account
development assets
development
gained from past transactions
shareholders via fully franked dividend
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
Refer slide 22 for individual deposit breakdowns
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
DEVELOPING RESOURCES FOR DEVELOPING MARKETS
* DTR (percent weight recovery) and concentrate results were from Davis Tube test work performed at -38µm.
# Due to the effects of rounding, overall totals may not be able to be reproduced from individual classification totals.
DEVELOPING RESOURCES FOR DEVELOPING MARKETS