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IMX Resources
Simon Parsons
General Manager
Cairn Hill Mining Operations
Transport & Logistics
Infrastructure for the
Cairn Hill Mining Operations
6th June 2012
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Disclaimer
The information in this presentation is published to inform you about IMX Resources Limited (“the Company or IMX Resources or IMX”) and its activities.
All statements in this presentation, other than statements of historical facts, that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that the „Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, capital and operating costs, continued availability of capital and financing and general economic, market or business conditions. Information in this presentation are the current best estimates, but are subject to change.
To the extent permitted by law, the Company accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Recipients should make their own enquiries in relation to any investment decisions.
The potential quantity and grade of potential or target mineralisation outlined in the presentation are conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource
Competent Persons ConsentsInformation relating to Australian exploration results is based on data compiled by Ms Bianca Manzi who is a Member of the Australian Institute of Geoscientists, and who is a full-time employee of the Company. Ms Manzi has sufficient relevant experience to qualify as a Competent Person under the 2004 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Ms Manzi consents to the inclusion of the data in the form and context in which it appears.
Information that relates to the estimation of Australian Mineral Resources is based on information compiled by Mr Kevin Lowe and Mrs Vanessa O‟Toole and reviewed by Mr Trevor Stevenson and supervised by Ms Manzi. Mr Lowe is a Member of the Australasian Institute of Mining and Metallurgy, and Mr Stevenson is a Fellow of the Australasian Institute of Mining and Metallurgy, a member of MICA. Both Mr Lowe and Mr Stevenson are full time employee of Runge Limited and have sufficient relevant experience to qualify as Competent Persons under the 2004 Edition of the Australasian Code for reporting Mineral Resources and Ore Reserves (the JORC Code). Mr Lowe and Mr Stevenson consent to the inclusion of the data in the form and context in which it appears.
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Location
• 55 km by road to Coober Pedy
• 15 km to Stuart Highway
Logistics
• Haul road
• 58km to Rankin Dam rail siding
• Rail
• 879km to Pt Adelaide
• Port Adelaide
• Container terminal
• Export facility
Cairn Hill
Mining Operation
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Transport Infrastructure Requirements
Haul road from Cairn Hill mine to Rankin Dam rail siding
Haul road maintenance
Rankin Dam rail siding – rail loading
Rail – Rankin Dam to Port Adelaide container terminal
Port Adelaide – rail unloading, container storage and ship loading
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Road Haulage & Maintenance
Private Haul Road
Road haulage and maintenance
• Targeted monthly haulage 150kt;
• Fleet of up to 6 road trains running;
• Road train fleet primarily „quads‟
Un-sealed haul road
• Ongoing road maintenance;
• Water sourced along road route;
• Utilise graders, water carts and rollers;
Stuart Highway Underpass
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Rankin Dam Rail Siding
Rankin Dam Rail Siding and Loading Facility
Rail Loading
• Free standing stockpile;
• Approximately 1.3kms long;
• 2 loaders utilised to load train;
• 6 services per week;
• Loading windows vary between 6 and
10hrs and occur throughout the day
Loader loading train
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Rail to Port Adelaide
Rail
• Rail provider SBR (SCT Logistics)
provide 2 train sets;
• Each rake consists of 2 x AC Locos,
crew car, fuel car and 89 40 foot
wagons;
• Each wagon has 2 x 20 foot ¾
height open top (purpose built)
containers;
• Each train set carries around 6,000t
Rail Service Outside of Port AugustaPhoto Credit: Ewan McLean
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Rail Unloading
Port Adelaide Container Port
• Utilise existing rail spurs at the container terminal
at Port Adelaide;
• Trains unloaded using „reach stackers‟;
• Unloading windows between 8 to 12.5hrs;
• Containers transported to / from storage area
using straddle cars;
Reach Stacker
Straddle Car
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Container Storage
Containerised Storage
• Material stored in open containers;
• No storage sheds required;
• Containers stacked 4 high;
• Utilise existing port container cranes;
• Minimised capex & start up costsContainer Storage
Aerial view of Port Adelaide Container Terminal
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Ship Loading
Ship loading operations utilising the
Tippler rotating container system
Tippler Loading System
• IMX pioneered Tipplers for „bulk‟ material handling in
Australia;
• Purpose-built Tipplers pick up, lower and tip
containers into the ships‟ hold;
• Tippler rotated through 360 degrees;
• Dust suppression systems set up prior to loading;
• Very environmentally friendly ship loading solution;
• Loading 2 Panamax (75kt) sized vessels per month
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18m
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Flinders Ports and IMX have developed and implemented a bulk loading and storage system which is environmentally responsible and is also cost effective, allowing junior miners to operate with minimal capital.
Where are We Now?
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Mt Woods Magnetite Project
100% owned Magnetite iron ore project
Approx.1 Billion tonnes combined Resource & Exploration Targets*
>200 micron grain size
Significant growth potential
Coarse-grained magnetite ore has significant advantages over fine-grain ores;
Requires substantially less energy and water inputs,
Significantly lower capital and operating costs,
Suitable as direct sinter plant feed,
Capable of producing >65%Fe high-grade concentrate; and
Potential to attract premium prices.
Existing rail & port infrastructure incapable of supporting such a large project
Concept Study currently underway – results expected June 2012
* See slide 14 notes
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Mt Woods Magnetite Project (100% IMX)
(1) JORC (2004) Combined resource estimate comprises 3.8Mt @ 47.8% Fe indicated & 4.6Mt @ 45.8% Fe inferred mineralisation at a 35% Fe cut - off
(2) JORC (2004) classified Inferred Mineral Resource estimated with 18% Fe cut - off
(3) Exploration Target tonnage estimates are conceptual only. These figures are not resource estimates as defined by the JORC code (2004), as insufficient exploration has been conducted
to define a Mineral Resource
Cairn Hill Magnetite Resource 8.4Mt @ 46.7% Fe¹
Snaefell Magnetite DepositResource 569Mt @ 27% Fe²
Tomahawk ProspectExploration Target3
150 - 230Mt @ 25 - 35% Fe
Bumblebee & Fitzgerald Dam ProspectsExploration Target3
50 -150Mt @ 25 - 35% Fe
Mt Woods Global Exploration Target200 - 380Mt @ 25-35% Fe
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Summary
Since Cairn Hill commenced to end of March 2012, IMX has
• Hauled 1.82mt;
• Railed 1.76mt;
• Shipped 1.7mt
The utilisation of existing infrastructure accompanied with the use of the Tippler
technology created an innovative low cost and environmentally friendly export
solution
Rail & port infrastructure capacity expansion necessary to successfully develop
Mt Woods Magnetite project
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