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SCIDEV LTD Investor Presentation 2006
65761_rns_2006-10-09_b623e279-ba7f-47f7-a6a3-018e9bd4ced2.pdf
Investor Presentation
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ABN 25 001 150 849
Superior and Sustainable Metals Production
Gordon Chiu Building J01 Department of Chemical Engineering Maze Crescent University of Sydney NSW 2006 Australia
Phone: 02-9351-6741 Fax: 02-9351-7180 Email: [email protected] Website: www.intec.com.au ASX code: INL
10 October 2006
Companies Announcements Office Australian Stock Exchange Limited
Presentation to Excellence in Mining and Exploration Conference
Attached is a presentation to be given to the Excellence in Mining & Exploration Conference today.
Yours sincerely Intec Ltd
Kity R. Wood
Philip Wood Managing Director & Chief Executive Officer
Superior and Sustainable Metals Production
"Capturing Near-Term Value from Stranded Assets in this Metals Super-Cycle2
Presentation to 'Excellence in Mining and Exploration Conference' 10 October 2006
Philip Wood, Managing Director & Chief Executive Officer
to acquire interests in stranded metalliferous assets' where application of our technology unlocks significant near-term additional value.
e.g. Hellyer tailings, EAF Dust, Zeehan Slags
Intec Ltd – Investment Background
• Shares listed on ASX and Deutsche Boerse:
- Options (unlisted):
- Market Capitalisation ( [email protected]$ cents):
- Bass Metals Ltd: ▓
- Major INL shareholders:
- Ivanhoe Mines (Robert Friedland):
- Kizoz (former Chairman):
- CIBC Bank (London/Toronto):
- Board & management:
- Macquarie Bank:
- 1,800 shareholders
m
Intec Group
535 million 45 million AS67 million 21% interest
$10%$ $5%$ $3%$ $3%$
$2%$
Share Price Chart
222016 Antec Ard ABN: 25 001 150 849
Daily Closing Cash AS Zinc Price & LME Zinc Stocks Intec Group
The Hellyer Metals Project - 3 Stages
Intec Group
-
- Tailings $\rightarrow$ bulk zinc concentrate
-
- EAF dust + Zeehan slags $\rightarrow$ zinc metal
-
- Tailings + ore + oxidised residues $\rightarrow$ polymetallic products
Burnie port Intec's demonstration plant
Hellyer Metals Project
Mt Read Volcanics Belt
Hellyer (Intec/Bass Metals) = Zn/Pb/Cu/Au/Ag
Que River (Bass Metals) – $Ag/Pb/Zn$ Rosebery (Zinifex) – Ag/Pb/Zn Henty (Barrick) - Au Mt Lyell (Sterlite) – $Cu/Au$ Renison (Bluestone) – Sn
Avebury (Allegiance) $-Ni$ Zeehan Slags (Encore) - Zn
Intec Group
"The Hellyer Metals Project"
(abbreviated version)
DVD produced by
ROAR FILM Pty Ltd
Hobart, Tasmania
Project Manager: Marta Hodul Lenton
Director: Varcha Sidwell
Editor: Raef Sawford
- Hellyer Zinc Concentrates Project
Intec Group
- Project originally studied by Aberfoyle, Western Metals & Bateman
- Market conditions precluded development
- Reviewed by INL in early 2005, economics marginal
- Examplement Reviewed again in early 2006, economics dramatically improved
- Joint Venture formed with private mining group Polymetals who will provide start-up capital and operating expertise
1. Hellyer Zinc Concentrates Project
Intec Group
- 50/50 joint venture with Polymetals
- Production commences October 2006, first shipment from 爨 Burnie due December 2006
- A$6 million start up costs paid for by Polymetals
- $\blacksquare$ Maximum JV life of 4 years or 6 million tonnes throughput
- $\bullet$ 40% zinc, 11% lead, 170 gpt silver bulk concentrate product
- Chinese smelter of ftake agreements signed
- Dredging, trucking, port storage and loading contracts signed Ħ
Hellyer Zinc Concentrate Project Flowsheet
1. 55 ha tailings dam
- 2.80km road & rail access to Burnie (deepwater port)
-
- Hellyer mine adit (plugged)
-
- 1.5 Mtpa Hellyer Mill
-
- Former Que River mine site
-
- Electricity grid
-
- Shale pit for initial HZCP residues
Bass Metals
Intec Group
Drilling by BSM at Que River has delineated a number of economic polymetallic orebodies capable of early mining.
| Intec Group | |||||
|---|---|---|---|---|---|
| Element | Grade | Quantity | In-situ US$m* | $%$ of metalvalue | |
| Gold | $2.6 \text{ g/t}$ | 910,000 ozs | 520 | $24%$ | |
| Zinc | $2.8%$ | 305,000t | 910 | $42%$ | |
| Lead | $3.0%$ | 330,000t | 309 | 14% | |
| Silver | 88 g/t | 30,850,000 ozs | 313 | 14% | |
| Copper | $0.16%$ | 17,400t | 122 | $6%$ | |
| Total | $2,173 | 100% | |||
| * US$ metal prices at 15 June 2006 |
Aerial View of 1.5 mtpa Hellyer Mill
Hellyer Mill - Dominates northern portion of Mt Read Volcanics Belt
2MW SAG Mill
Partial View of Flotation Plant
- Cost US$50 million to build in 1988 (replacement cost today US$80 million).
- 1.5 million tonnes per annum crushing, grinding $&$ flotation circuit. 靈
- Modern and with limited usage, currently operable $&$ well maintained. 图
- Re-starting operation in October 2006 on Hellyer Zinc Concentrate Project. 趣
- Work progressing on toll treatment of regional resources (e.g. Bass Metals). ×
Intec Group
Storage tanks under final assembly.
22006 Inter Ltd ABN: 25 001 150 849
View across the Hellyer tailings dam to Shore Tanks
Intec Group
10 October 2016
22006 Inter and ABN: 25,001 150 849
Indicative Hellyer Zinc Concentrate Project Economics & Sensitivity Analysis Intec Group
| EBITDA per annum | Base Prices | Current Prices | ||
|---|---|---|---|---|
| (total 50/50 project) | $\mathbf{A}\mathbf{S}\mathbf{m}^{-1}$ | $\Delta$ Sm 2 | ||
| $1.5$ mtpa | 18.7 | 39.1 | ||
| $2.0$ mtpa | 26.4 | 53.5 |
2. $EAF$ Dust + Zeehan Slags $\rightarrow$ Zinc Metal
Intec Group
- Intec owns 20,000 tonnes EAF dust stockpile containing 27% 鹽 zinc (A$23 million contained zinc value)
- Intec has negotiated acquisition terms for 450,000 tonnes Zeehan lead smelter slag dump containing 15% zinc equivalent (A$290 million contained zinc value)
- Successful leach and filtration trials conducted at Burnie demonstration plant during 2006 on these feeds
- Plan to reconfigure Burnie demonstration plant to produce zinc metal from these oxidised zinc residues as economically as possible, prior to major EAFD/slags treatment plant at Hellyer starting 2008
20,000 tonnes Electric Arc Furnace Dust Stockpile
Intec Group
Warehouse in western Melbourne containing $\sim$ 20,000 tonnes EAFD
#2006 Antellad ABN: 25 001 150 849
450,000 tonnes Zeehan Slag Dump
Intec Group
- Acquisition from current owners proceeding in agreement with $Z$ inifex
- 90km by road from Hellyer
- US$490 value of contained metal per tonne (current US$ prices)
- US$220 million total value contained metal (current US$ prices)
- 13.4%-zinc, 1.7%-lead, $54g/t$ -silver, $50g/t$ -indium
Zinc Cathode Produced at Burnie demonstration plant June 2006
10 October 2016
222006 Antec Ard ABN: 25 001 150 849
Prime Western Grade zinc ingots from the Burnie demonstration plant being stacked for shipment to Smorgon Steel's galvanising operations.
- Polymetallic production
Intec Group
- $Mill + Intec plant integrated to treat ores, tailings, EAF dust,$ 鹽 Zeehan slags and other metalliferous residues
- Saleable metals products comprising zinc, lead, silver, gold and copper
- Have anticipated Stage 3 project commencement 2009
Early 2005 at Burnie site
Intec Group
10 October 2016
22006 Inter Ltd ABN: 25 001 150 849
Then later that year...
Demonstration Plant nearing completion in June 2005
Official opening of Intec Hellyer Metals demonstration plant on 15 September 2005 Intec Group
The Hon. Bryan Green, MHA (Tasmanian Resources Minister) officially opens the Burnie plant
Above: unveiling the plaque with Philip Wood
10 October 2016
Above: On tour of plant with John Moyes, Intec's Technical Director
©2006 Antellad ABN: 25 001 150 849
The Burnie Demonstration Plant
22006 Inter and ABN: 25,001,150,849
Burnie is an excellent deepwater port
Intec Group
10 October 2016
22006 Inter Ltd ABN: 25 001 150 849
Burnie port has excellent minerals handling capabilities
But if all else fails...
Contact Intec Ltd
Philip Wood Managing Director Chief Executive Officer Email: [email protected]
Kieran Rodgers Chief Financial Officer Email: [email protected]
Dave Sammut Corporate Development Manager Email: [email protected]
Intec Group
Gordon Chiu Building, J01 Department of Chemical Engineering Maze Crescent, University of Sydney NSW 2006 AUSTRALIA
| Tel: | $+61 - 2 - 9351 - 6741$ |
|---|---|
| Fax: | $+61 - 2 - 9351 - 7180$ |
| Web: | www.intec.com.au |
#2006_inter_ktd_ABN: 25 001 150 849