ASTRON LIMITED (AU) SENEGAL MINERAL RESOURCES (SN) · 2013. 6. 21. · ASTRON LIMITED (AU) SENEGAL...
Transcript of ASTRON LIMITED (AU) SENEGAL MINERAL RESOURCES (SN) · 2013. 6. 21. · ASTRON LIMITED (AU) SENEGAL...
FY12 Budget Book
1
ASTRON LIMITED (AU)
SENEGAL MINERAL RESOURCES (SN)
SENEGAL MINERAL SANDS LIMITED (HK)
Disclaimer
2
The information presented herein relates to matters that are forward-
looking and contain projections and statements that involve risks and
uncertainties associated with our business activities. Actual future
results could differ materially from these projections. You rely on this
information at your own risk and Senegal Mineral Resources assumes
no duty to update should expectations change.
This document is the property of Senegal Mineral Resources. It is
delivered on the express condition that it is not to be disclosed,
reproduced in whole or in part, or used for any purpose other than
evaluation of Senegal Mineral Resources. No right is granted to
disclose any information contained in this document.
3
Senegal Senegal Mineral Resources
Introduction – Senegal Mineral Resources
4
• November 2004 : Carnegie Corp. Ltd. acquires exploration permit (740km²)
for HMS in Casamance, Southern Senegal
• May 2006 : Carnegie assigns the Mining Convention to Coast Resources Ltd.
(wholly owned subsidiary of Carnegie) and Astron Ltd. becomes a 50% joint
venture partner
• September 2007 : Coast Resources/Astron JV renew the exploration permit
(550km²)
• December 2008 : Astron acquires Coast Resources and as such 100%
interest
• November 2011 : Astron renew the exploration permit (410km²)
• Completion of requirements for small mining licence application for an
identified Probable Ore Reserve of 4.65Mt with an ore grade of 10.91%HM
using ultimate pit optimisation, comprising Ilmenite, Zircon, Rutile and
Leucoxene.
•
Introduction - Location
5
World class Grange Côte Project
(MDL, Australia)
1,330 Mt @ 2% HM
Sud RufisqueAreaIdentified
high grade deposits>1 Mt of
HM contained
Gambian Deposits
(Astron/Carnegie mining JV in 2006-08)
Originally 19 Mt @ 5.2% HM
Senegal Mineral Resources
Reserve 4.65 Mt @ 10.91% HM
6
6 km
69 km
Niafarang Project
Introduction - Location
Niafarang Project Consideration
7
Illmenite – 38%
Illmenite – 82%
Zircon – 56%
Zircon – 15%
Rutile – 5%
Rutile – 2%
Leucoxene – < 1%
Leucoxene – < 1%
NPV USD92,8 Million
Revenue USD234 Million
EBIT USD162 Million
PV Income USD116 Million
LOM 3 years
Probable Reserve 4.65 Mt
Probable Ore Grade 10.91%
Recovery 528 620 ton
Average price
Illmenite USD274/t
Zircon USD2254/t
Rutile USD1288/t
Leucoxene USD 443/t
Niafarang Project Consideration
8
10% Government free shareholding
25% Fully paid shareholding reserved for Senegalese investors
3% Mining royalty
Continued social responsibility program funding
Continued relationship with sustainable development project
Senegal Mineral Resources (SMR) registration imminent - Niafarang Project license holder
Continued exploration covering an area of 410 km²
Geology – Exploration
9
TiO2 Fe2O3 SiO2 Al2O3 Cr2O3 ZrO2 P2O5 U 500ppm
Th V2O5 Nb2O5 CaO
% % % % % % % ppm ppm % % %
Zircon 0.72 0.09 32.3 0.02 - 64.5 0.046 105 94 - - 0.03
Rutile 96.3 0.95 0.46 0.24 0.18 0.34 0.053 17 39 0.44 0.416 0.01
Illmenite 58.9 32.8 0.3 - - 0.7 - - - - - -
X-ray Fluorescence Spectrometry(XRF) results
Aero Magnetic and Radiometric data
Auger and hydraulic drilling
Geology – Exploration Program
10
Area 1 – Prominent geophysical anomalies, further
extension to Niafarang deposit
Area 2 – Low dune area auger drilling
Area 3 – Low dune area at the Casamance river month
Area 4 – Low lying area auger drilling lines across sand
dunes and geophysical anomalies
Area 5 – Untested area, boat reconnaissance and auger
across low sand dunes
Diebéreng H 4% - L 2%
Kafountine H 14% - L 5%
Abéné H 15% - L 3%
Zircon
11
ZIRCON APPLICATIONS
Zirconium
metal
Chemical
purification
Milled
zircon Zirconium
chemicals
Fused
zirconia
Zircon from
chemical
processing
Zirconia Products
Refractories
Ceramic pigments
Glass
Gemstones
Catalysts
Oxygen sensors
Structural ceramics
Electronic ceramics
Zirconium Chemicals
Waterproofing
Inks
Paper products
Protective coatings
Leather tanning
Paint dryers
Deodorants
Toothpaste
Furnace lining
Zirconium Metal
Highly resistant to
corrosion
Reactor tubing
Heat exchangers
Pump casings
Pump impellers
Structural vessels
Surgical tools
Zircon
Ceramics
TV glass
Castings
Refractories
Abrasives
Titanium
12
T1O2 APPLICATIONS
Leucoxene Ilmenite Rutile
Titanium slag
Upgraded slag
Synthetic rutile
Titanium metal
Titanium tetra chloride
Titanium Products Titanium Chemicals
Refractories Inks
Pigments Paper
Glass Coatings
Welding rods Paint pigment
Deodorants
Toothpaste
Cosmetics
Plastics
Titanium Metals
Aerospace
Rotors
Impellers
Fasteners
Automotive
Medical
Military
Spectacles
Sports Equipment
Health and Safety - Policy
13
Health and Safety is of the highest priority and cannot be
compromised. Our Health and Safety Policy seeks to create a
work environment that is conducive to high levels of safety
performance through demonstrated commitment and safe
behaviour. Our Health and Safety objectives are; prevention
of all accidents, injuries, occupational health risks and illness;
compliance with statutory requirements and industry codes,
all these activities to be conducted with due consideration for
the protection and wellbeing of all our employees, contractors
and visitors.
Environmental - Policy
14
Senegal Mineral Resources is committed
to the practice and management of its
business in a manner compatible with the
broader goals of the social, economic and
natural environment and to the integration
of environmental management into all its
activities.
Environmental – Social Responsibility
15
Tribal/Cultural/Heritage
Land use
Social environment
Social & professional interaction
Social development Programme
Monthly infrastructure development
Student bursaries
Medical & clinic services
Education and training
• HIV & AIDS
• Substance abuse
• Health & hygiene
• Environmental responsibilities & awareness
Environmental – Sustainable Development
16
Senegal Mineral Resources Sustainable Development Legacy
To develop the Fruit Growers Association sourcing and processing fruit from
community farms into an enterprise able to tap into the lucrative global market
as well as supply the local markets
Give more than 3,000 small community farmers market access
Collect 4,000 tons of fruit per year for the juicing line
2,000 tons of fruit per year for the drying programme
The world has reached 7 billion people in November 2011
Community Cooperative
Environmental – Sustainable Development
17
New farms Current farms
Cold storage
room
Juice
concentrator
Ripening
room International
market
Local market
Drying
plant
S
M
R
F
U
N
D
S
Grant Funding (community free-hold)
Strategic investors
Logistics and nursery
Grant Funding (community free-hold)
Strategic investors
Off-take partners
Pack House
House hold
Vendor
Concentrate
reduction
Dried fruit
repackaging
Fresh
fruit
Environmental – Sustainable Development
18
Using the processing and logistics infrastructure already in place and by adding more products the productive cycle will increase to 9 months per annum
Environmental – Sustainable Development
19
20
Niafarang Project Implementation
Environmental & Social
Approval
July 2013
SML Application
Approved EIS & feasibility
July 2013
SML Approval Process
Negotiate T & C
July to September 2013
SML Award
September 2013
Procurement
Plant & Equipment
September 2013
Establishment
Construction & Commission
December 2013
Commercial Production
Full production
March 2014
Export Product
1st Product to export
March 2014
FY12 Budget Book
THANK YOU
21