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GRANGE RESOURCES LIMITED. — Investor Presentation 2012
Feb 22, 2012
65014_rns_2012-02-22_bdd4fc1d-0ed1-43b4-ba22-4d5803b5b5b8.pdf
Investor Presentation
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Russell Clark
February 2012
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20% - 50% Lump and Pellets
50% - 80% Sinter
•
New products from new producers:
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Contaminants are rising
Molten slag out
Molten iron out
February 2012
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x 2
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Lower
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~67% Fe
Direct Shipping Lump
~63% Fe
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Iron Ore Pellet ~65.5% Fe
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Higher
Price
February 2012
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Ordinary shares on issue 16 February 2012 1,154m Last share price 16 February 2012 $0.60 33.9% 46.78% Market capitalization 16 February 2012 $657m 7.83% Cash & Receivables 31 December 2011 $226.7m 11.49% Research Bell Potter (target $0.91) Patersons (target $0.81) Citi (target $0.70) Petra Capital (target $1.06) JP Morgan (target $0.95) RBS (target $0.67) Macquarie (target $0.95) RBS Morgans (target $0.82) Merrill Lynch (target $0.90) UBS (target $0.82)
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Australia’s Leading Magnetite Producer
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Quality assets in Tasmania and Western Australia.
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| Production and Costs December Quarter 2011 |
Production and Costs September Quarter 2011 |
|
|---|---|---|
| Total BCM Mined | 4,240,390 | 3,184,680 |
| Total Ore BCM | 531,189 | 402,846 |
| Weight Recovery (% DTR) | 41.70 | 34.5 |
| Concentrate Produced(t) | 612,189 | 556,122 |
| Pellets Produced (t) | 632,143 | 506,143 |
| Direct Operating Cost A$/tonne Pellet Produced |
89.65 | 127.72 |
February 2012
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700,000
650,000
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300,000
Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11
Tonnes
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180
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Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11
C1 Unit cost per tonne of pellets produced $/t
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bigger than Savage River
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3 Kilometres
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1.22 billion tonnes @ 34.1%DTR
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As at December 2011 As at February 2012 Tonnes Grade Tonnes Grade (Mt) wt% DTR (Mt) wt% DTR Measured 407 37.1 423 37.6 Indicated 40.2 40.7 87.4 38.4 Inferred 250.8 32.5 710.6 31.5 Total 698 35.7 1,221 34.1
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Collie Coal
Pipeline Route
Fired Power
Proposed 330Kv Transmission Line
Existing 132Kv Transmission Line
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1 South West Interconnected System
(Western Australia)
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P Mine environmental permit
P
Port permits Water permit
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Granted November 2009, amendment required in 2011 for 10mtpa Granted November 2010 Desalination permit targeted Q1 2012
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Timetable
| 2011 | 2012 | 2013 | 2014 | 2014 | 2015 | |
|---|---|---|---|---|---|---|
| Pre- feasibility |
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| Definitive Feasibility |
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| Financing | ||||||
| Construction | ||||||
| Production | ||||||
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Primary contacts:
Russell Clark
Tarryn Truscott [email protected]
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Southdown Project
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