ROCKEX MINING CORPORATION RXM:TSX September 2011 COMPANY OVERVIEW - - PowerPoint PPT Presentation

ROCKEX MINING CORPORATION

September 2011

RXM:TSX

Rockex Mining Corporation

• 1 Billion tonnes grading 29% soluble iron (43-101 - December/2010);

additional historical tonnage and exploration upside.

• 300km northwest of Thunder Bay/ Lake Superior; excellent proximity to

infrastructure and end users in Great Lakes Basin

• Pre-Feasibility started in 2011; Production as early as 2016
• Favourable market cap of $19 million ($0.41- Sept. 2) = 6 cents per tonne/iron
• Favourable industry fundamentals
• TSX initial listing in March 2011 (RXM:T)

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COMPANY OVERVIEW

Rockex Mining Corporation 3

• 23 contiguous claims

covering 5,392 ha.

• Located in northwestern

Ontario, between Sioux Lookout and Pickle Lake – Eagle Island - 40 kms from

Highway 599 to Pickle Lake

• 50 km from 115Kv power

line

• 80 km north of CNR

transcontinental railway

• 170 km from Trans-

Canada main gas line

• 300 km to Lake Superior

with 10 months of shipping via Great Lakes

Within Close Proximity to Excellent Infrastructure

PROPERTY LOCATION

Rockex Mining Corporation

• 1920 - 1930 Surface exploration followed-up by diamond drilling.
• 1956 - 1959 Property acquired by Lake St. Joseph Iron Ltd.;

magnetic surveys, diamond drilling and extensive trenching.

• Early 1960s

Ontario Research Foundation and M.A. Hanna Mining estimate an

• pen pit „reserve‟ of 240 M tons to 400 ft depth grading 35% iron.
• 1968 - 1969

Algoma Steel (Algoma) options & explores the property.

• 1974 - 1975 Algoma performs diamond drilling and microscopic work on WLSJ

illustrating mainly hematite and magnetite in a 1:1 ratio.

• 1975

Algoma conducts pilot plant tests on 375 ton bulk sample and produces commercial grade concentrate grading 65-67% Fe with 85% Fe recoveries to concentrate. „Reserves‟ at Eagle and Fish islands estimated at >1 billion tons grading 30% soluble Fe.

• Late 1970‟s

Stelco, Dofasco, and Steep Rock Iron Mines‟ agree to put property into production in the late 1980s.

• 2007

Algoma lets claims lapse

• May 2008

Rockex acquires the Lake St. Joseph iron ore property.

• 2009

Rockex conducts drill program and acquires all Algoma Steel property data

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PROPERTY HISTORY (Lake St Joseph)

Rockex Mining Corporation 5

• Western Lake St. Joseph

– explored by Algoma in the 60‟s and 70‟s

• Doran Lake

– Between WLSJ and SBE projects

• Soule‟s Bay East Area

– feasibility study by Bechtel (1971) on Soule‟s Bay project – Recently staked by Rockex

Western Lake

• St. Joseph

(5,392 ha)

Doran Lake

(832 ha)

10 20 km

LAKE ST. JOSEPH PROPERTIES

Soule’s Bay East

(768 ha)

100% of 3 Advanced-Stage Iron Ore Projects

Rockex Mining Corporation

Large In Situ Mineral Resource

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Total Iron

(M tons)

Sol Fe

(%)

Tons (M)

534 29.4 1,818

Total

70 28.0 250

Soule`s Bay East 2

323 29.1 1,110

Western Lake St-Joseph 1

LAKE ST. JOSEPH PROPERTY

• 1. 43-101 Resource calculated by Watts Griffis on Eagle Island (excludes Fish Island)

2. Potential mineralization (non-NI 43-101 compliant) based on archives of historic work 3. For consistency, all numbers in Imperial units due to use of imperial system for reporting of historical results

56 28.0 200

Doran Lake 2 Fish Island 2

258 33.0 85

Rockex Mining Corporation 7

• Well developed mineral

resource and engineering studies

• 19,104 m of historic

drilling and trenches

• Eagle Island:

1,110 Mt @ 29.1% Sol Fe

• Fish Island:

258 Mt @ 33% Sol Fe*

• Magnetite to hematite

ratio: 1:1

• Metallurgical testing:

pellets grade product @ 66% Fe

Western Lake St. Joseph Property Historic Results (1956 to 1978)

LAKE ST. JOSEPH PROPERTIES

* Not NI-43-101 compliant Eagle Island Fish Island

Rockex Mining Corporation 8

• A large zone of

folded iron formation

• Eagle Island:

– > 2.0 km long – Up to 400 m wide – Up to 300 m deep – Remains open at depth

Eagle Island – Western Lake St. Joseph

LAKE ST. JOSEPH PROPERTIES

Potential for Large Open Pit Mine

Rockex Mining Corporation 9

• Two large zones

with potential to increase resources along strike and at depth

• Fish Island:

– 1.6 km long – Up to 200 m wide – Up to 180 m deep – Remains open at depth – 258 Mt @ 33% Sol Fe

Fish Island – Western Lake St. Joseph

LAKE ST. JOSEPH PROPERTIES

Rockex Mining Corporation 10

PROPOSED DEVELOPMENT PROGRAM

Advance the Projects Towards Near-term Production

Q1 Q2 Q3 Q4

2010

Q1 Q2 Q3 Q4

2011

Q1 Q2 Q3 Q4

2012

Q1 Q2 Q3 Q4

2013

Q1 Q2 Q3 Q4

2014

Q1 Q2 Q3 Q4

2015

Restructuring Rockex Drilling and metallurgical testing NI 43-101 Resource and PEA Feasibility study Environmental study and permitting Financing / Partnership / Sale Project construction Commissioning and production

• Initial focus on Western Lake St. Joseph due to its size and grade

Rockex Mining Corporation 11

PROPOSED TIMELINES

Target Program

Status

Dec/2010 NI 43-101 resource report Dec/2010 RTO with Enviropave Dec/2010 Raise $3mm flow- through Jan/2011 Raise $1mm hard March/2011 TSX listing Sept/2011 Preliminary Economic Assessment Oct/2011 Drill program starts (2,000 M) Oct/2011 Management Team finalized 4th Q/2011 Metallurgical testing 4th Q/2011 Raise $ for Pre-Feasibility 4th Q/2011 Begin Pre-Feasibility

Rockex Mining Corporation

• Share capitalization:

– Shares currently issued basic 45.6 M – Warrants 2.0 M – Options 3.4 M

– Fully Diluted 51.0 M

• Shareholders

– 68% management and directors – 26% retail – 6% institutional

• Recent Issuances

– February 2011 - $1.7 M private placement @ $0.90 – December 2010 - $3.0 M private placement financing @ $0.90

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SHARE STRUCTURE

Rockex Mining Corporation 13

VALUATION

Company

Symbol Shares

Price Mkt Cap Resource Grade Contained Iron Mkt Cap/ton (MM) (Sept 2 ) ($MM) (MM/ton) Fe (MM/T) ($/ton)

Consolidated Thompson1 CLM 240 $ 17.25 $ 4,140 910 29% 264 $ 15.68 Labrador Iron Mines LIM 54 $ 8.35 $ 451 150 58% 87 $ 5.18 Baffinland Iron Mines2 BIM 390 $ 1.50 $ 586 865 65% 562 $ 1.04 New Millenium NML 176 $ 1.86 $ 327 9,108 30% 2,732 $ 0.22 Alderon Resource ADV 83 $ 3.60 $ 297 225 31% 70 $ 4.24 Champion Minerals CHM 87 $ 1.32 $ 115 1,178 29% 342 $ 0.34 Adriana Resources ADI 149 $ 1.03 $ 153 6,260 29% 1,815 $ 0.09 Oceanic Iron Ore FEO 150 $ 0.29 $ 43 2,070 36% 735 $ 0.06 Advance Exploration AXI 148 $ 0.35 $ 52 357 28% 100 $ 0.52

Rockex Mining Corp. RXM 45 $ 0.41 $ 19 1,006 29% 293 $ 0.06 with historical 1,706 29% 486 $ 0.04

1 Acquired by Cliffs Natural Resources Inc. Completed in May 2011 2 Acquired by Arcelor-Mittal and Iron Ore Holdings in March 2011

Rockex Mining Corporation

Proven, Successful Executives and Board of Directors

Pierre Gagné – Chairman & Director

• 25 years experience in construction and mining industries.

– Founder - construction company specializing in design/execution of custom civil and mining projects

Donald Alexander Sheldon – CEO & Director

• Toronto-based mining lawyer with 35 years experience in corporate finance and securities law

– Director and/or officer of several publicly listed corporations

Gilles Filion - Director & technical advisor

• P. Eng with 25 years international experience, including VP Exploration for Goldcorp Inc.

– Involved in development of Red Lake High Grade Zone

Chris Dougherty - Director & technical advisor

• P. Eng with 23 years international mine engineering and metallurgical experience.

– Principal, founder and senior engineer of Nordmin Engineering, Thunder Bay, ON

Jon Tondeur- Director

• London-based business man with expertise in insurance, finance, and corporate development

Bruce Reid – Director

• BSc in Geology with 30 years experience in mining, exploration, and finance
• President & CEO of Carlisle Gold and director of several publicly listed companies

Armando Plastino – Director

• Director and formerly President and CEO of Essar Steel Algoma Inc.

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PEOPLE

Rockex Mining Corporation

• The following presentation may include certain “forward-looking statements” within the

meaning of applicable Canadian Securities Laws and the United States Private Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in the presentation, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company are forward- looking statements. Words such as “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “intend”, “believe” and other similar expressions are forward-looking statements. Forward- looking statements are not guarantees of future results and conditions but rather reflect the Company‟s current views with respect to future events and are subject to risks uncertainties conditions but rather reflect the Company‟s current view with respect to risks, uncertainties, assumptions and other factors. Actual results and future events could differ materially from those anticipated in such forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate.

• The historical resource estimate for total tonnage, soluble iron and total iron for the Fish

Island, Doran Lake and Soule‟s Bay East properties is based on data and reports prepared by previous operators and information provided by government ministries. The Company has not yet completed the work necessary to have the historical estimates verified by a Qualified

• Person. The Company is not treating the estimates as a current NI 43-101 defined resources

and the historical estimate should not be relied upon. The properties will require additional exploration which the Company and its consultants intend to carry out in due course.

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