Mindarie Mineral Sands Project:
A New Beginning
4th Annual
Resources Investment Symposium
26-28 May 2014
Broken Hill, NSW
...
Murray Zircon Pty Ltd
Copyright Murray Zircon
2
Australia’s newest mineral sands miner.
Copyright Murray Zircon
3
5/30/2014
Murray Zircon in Australia
South
Australia
 Murray Zircon was established in June 201...
Copyright Murray Zircon
4
5/30/2014
Mindarie Mineral Sands Project
Adelaide
Mindarie
 Mindarie Project area
is located 15...
Murray Zircon Pty Ltd
Copyright Murray Zircon
5
 Murray Zircon joint venture majority shareholder:
Guangdong Orient Zirco...
Murray Zircon Pty Ltd
Copyright Murray Zircon
6
 Objective: Rehabilitate and redevelop the Mindarie Project.
 All projec...
Reserves & Resources
Copyright Murray Zircon
7
 JORC Reserves of 58.1 million tonnes at
4.3% THM.
 Up to 15 year mine-li...
Copyright Murray Zircon
8
5/30/2014
Primary Concentration Plant (PCP)
Copyright Murray Zircon
9
5/30/2014
Mineral Separation Plant
Location of Murray Zircon Exploration Tenements
Copyright Murray Zircon
10
Rehabilitation Liability Areas
Aerial Photo: March 2011
Area 1
Area 2
Area 3
Area 6
Area 4 Area 5
Mindarie Project – History
 The Mindarie Project was originally developed by Australian
Zircon Limited (ASX:AZC) in 2006....
Mindarie Project – Redevelopment
 As part of its strategy to redevelop Mindarie, Murray Zircon
assumed responsibility for...
Rehabilitation Success
Phased Rehabilitation Milestones
Overburden Completed December 2011
Sub-soil replacement Completed ...
Copyright Murray Zircon
15
5/30/2014
Rehabilitated Land
Mindarie Project – Redevelopment
 Through its successful rehabilitation efforts, positive
relationships were built with t...
Mindarie Redevelopment & Commissioning
 Primary Concentrate Plant refurbishment/upgrade activities
completed in August 20...
Highlights of Operations
 Mining at Mindarie is via dry, open-cut method using scrapers to
remove overburden and dozers t...
Copyright Murray Zircon
19
5/30/2014
Ore mining by dozer push method
Overburden removal with scrapers
Ore
Slurry
Unit
Highlights of Operations
 Only Heavy Mineral Concentrate (HMC) is produced at Mindarie.
 HMC is transported from Mindari...
Copyright Murray Zircon
21
5/30/2014
HMC Storage Pad
Copyright Murray Zircon
22
5/30/2014
Typical Mining Equipment
Copyright Murray Zircon
23
5/30/2014 Slurry Pumping Skid
Copyright Murray Zircon
24
5/30/2014 Primary Concentration Plant
Copyright Murray Zircon
25
5/30/2014
Mining Camp
22/03/2012 Copyright Murray Zircon
26
Murray Zircon Pty Ltd
Orient Zirconic (China)
Orient Zirconic (Australia)
100%
Priva...
Orient Zirconic (China)
 Guangdong Orient Zirconic Industry Science and Technology
Co., Ltd (OZC), is one of China’s lead...
Copyright Murray Zircon
28
5/30/2014
Copyright Murray Zircon
29
5/30/2014
OZC Headquarters & Branch Locations in China
Chaoyang Branch, Liaoning
Headquarters, ...
 New majority shareholder in March 2013;
 Formerly Company Chairman – Mr Chaodian Chen at 30.8%
 Now CNNC subsidiary at...
Summary
Through Murray Zircon, Orient Zirconic has…
 Made its initial investment and entered the mining
community in Sout...
For further information:
Website: www.murrayzircon.com.au
Email: info@murrayzircon.com.au
Patrick Mutz, CEO
Murray Zircon ...
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Murray Zircon (MZ) | RIS2014 Broken Hill Investor Presentation

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Murray Zircon - Investor presentation delivered at the 4th annual Resources Investment Symposium held in Broken Hill NSW Australia, 26-28 May 2014.

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Murray Zircon (MZ) | RIS2014 Broken Hill Investor Presentation

  1. 1. Mindarie Mineral Sands Project: A New Beginning 4th Annual Resources Investment Symposium 26-28 May 2014 Broken Hill, NSW Patrick Mutz CEO Murray Zircon Pty Ltd
  2. 2. Murray Zircon Pty Ltd Copyright Murray Zircon 2 Australia’s newest mineral sands miner.
  3. 3. Copyright Murray Zircon 3 5/30/2014 Murray Zircon in Australia South Australia  Murray Zircon was established in June 2011 as a joint venture to redevelop the Mindarie Mineral Sands Project in South Australia
  4. 4. Copyright Murray Zircon 4 5/30/2014 Mindarie Mineral Sands Project Adelaide Mindarie  Mindarie Project area is located 150km east of Adelaide.
  5. 5. Murray Zircon Pty Ltd Copyright Murray Zircon 5  Murray Zircon joint venture majority shareholder: Guangdong Orient Zirconic Industry Science and Technology Co., Ltd. (Orient Zirconic), a listed company in China (SHE: 002167).  Joint venture minority shareholder: Initially, Australian Zircon NL, the former owner/operator of the Mindarie Project.  Australian Zircon’s shareholding now owned by private investors.
  6. 6. Murray Zircon Pty Ltd Copyright Murray Zircon 6  Objective: Rehabilitate and redevelop the Mindarie Project.  All project and company assets as well as certain liabilities were transferred to the Joint venture and into Murray Zircon.  Mindarie Project land, wet and dry processing plants and all associated equipment and infrastructure;  Mineral Leases and associated reserves and resources;  Exploration portfolio covering more than 11,000 km² within the Murray Basin; and  Liability for rehabilitation of previously mined land.
  7. 7. Reserves & Resources Copyright Murray Zircon 7  JORC Reserves of 58.1 million tonnes at 4.3% THM.  Up to 15 year mine-life  JORC Resources of 171 million tonnes at 3.2% THM.  Exploration potential
  8. 8. Copyright Murray Zircon 8 5/30/2014 Primary Concentration Plant (PCP)
  9. 9. Copyright Murray Zircon 9 5/30/2014 Mineral Separation Plant
  10. 10. Location of Murray Zircon Exploration Tenements Copyright Murray Zircon 10
  11. 11. Rehabilitation Liability Areas Aerial Photo: March 2011 Area 1 Area 2 Area 3 Area 6 Area 4 Area 5
  12. 12. Mindarie Project – History  The Mindarie Project was originally developed by Australian Zircon Limited (ASX:AZC) in 2006.  The mine commenced operations in October 2007 following the construction of a Primary Concentrator Plant (PCP) and Mineral Separation Plant (MSP).  From the outset the project was plagued with numerous challenges;  Technical; community; regulatory; financial including a falling commodities market.  In October 2009 the project was placed on care & maintenance. Copyright Murray Zircon 12
  13. 13. Mindarie Project – Redevelopment  As part of its strategy to redevelop Mindarie, Murray Zircon assumed responsibility for all remaining rehabilitation liability over previously mined areas.  Rehabilitation works commenced in August 2011.  At the same time, the Company initiated refurbishment of the PCP and associated wet plant facilities in October 2011.  The Company also submitted a Program for Environmental Protection and Rehabilitation (PEPR) to the South Australian Department of Manufacturing, Innovation, Trade, Resources and Energy (DMITRE), for approval to resume mining. Copyright Murray Zircon 13
  14. 14. Rehabilitation Success Phased Rehabilitation Milestones Overburden Completed December 2011 Sub-soil replacement Completed February 2012 Top-soil replacement Completed March 2012 Cropping Completed April/May 2012
  15. 15. Copyright Murray Zircon 15 5/30/2014 Rehabilitated Land
  16. 16. Mindarie Project – Redevelopment  Through its successful rehabilitation efforts, positive relationships were built with the local community, affected landowners as well as the government through DMITRE. NET RESULT?  DMITRE approved Murray Zircon’s PEPR application in April 2012 and issues a licence to resume mining;  less than 1 year from the formation of the company. Copyright Murray Zircon 16
  17. 17. Mindarie Redevelopment & Commissioning  Primary Concentrate Plant refurbishment/upgrade activities completed in August 2012.  Mining contract and product logistics contract finalised in September 2012.  A newly purchased Mining Slurry Unit was installed and a new slurry pumping system was completed in November 2012.  Resumption of mining commenced in October 2012 and wet commissioning of the Slurry Unit and PCP began in December.  First HMC product was exported before the end of December. Copyright Murray Zircon 17
  18. 18. Highlights of Operations  Mining at Mindarie is via dry, open-cut method using scrapers to remove overburden and dozers to mine the ore.  Typical mineral strands in the area are 150-200m wide, 10-20m deep and up to 13km long.  Mining/processing design capacity is 500 dry tonnes per hour ore feed to produce 10-12K tonnes of HMC per month.  Ore is slurried with water at the in-pit Slurry Unit and the slurry is pumped 3-8km to the Primary Concentration Plant (PCP).  At the PCP, the heavy minerals are removed with spiral classifiers to produce a Heavy Mineral Concentrate containing typically 80-90% heavy minerals. Copyright Murray Zircon 18
  19. 19. Copyright Murray Zircon 19 5/30/2014 Ore mining by dozer push method Overburden removal with scrapers Ore Slurry Unit
  20. 20. Highlights of Operations  Only Heavy Mineral Concentrate (HMC) is produced at Mindarie.  HMC is transported from Mindarie by truck approximately 200km to the port in Adelaide at 7-10 B-Double trucks per day.  Transport by train is also an option but is not used at this time.  At the port, HMC is currently loaded into standard shipping containers with liners for export to China.  Bulk shipping is also an option but is not used at this time.  In China the HMC is separated into zircon and various titanium minerals.  OZC’s internal demand for zircon will support full production from the Mindarie project. Copyright Murray Zircon 20
  21. 21. Copyright Murray Zircon 21 5/30/2014 HMC Storage Pad
  22. 22. Copyright Murray Zircon 22 5/30/2014 Typical Mining Equipment
  23. 23. Copyright Murray Zircon 23 5/30/2014 Slurry Pumping Skid
  24. 24. Copyright Murray Zircon 24 5/30/2014 Primary Concentration Plant
  25. 25. Copyright Murray Zircon 25 5/30/2014 Mining Camp
  26. 26. 22/03/2012 Copyright Murray Zircon 26 Murray Zircon Pty Ltd Orient Zirconic (China) Orient Zirconic (Australia) 100% Private Investors Murray Zircon Pty Ltd 35%65% 100% Mindarie Project Exploration Tenements 100% WIM 150 Project Joint Venture Partner
  27. 27. Orient Zirconic (China)  Guangdong Orient Zirconic Industry Science and Technology Co., Ltd (OZC), is one of China’s leading zircon processing companies and is headquartered at Shantou in Guangdong Province (about 480km northeast of Hong Kong).  OZC has the most comprehensive range of zirconium products in the world, including zirconium dioxide, zirconium oxychloride, fused zirconia, zirconia structural ceramic as well as zirconium sponge and other products.  OZC is listed on the Shenzhen Stock Exchange (Code:002167) with a market capitalisation approx. RMB 4.7 Billion (A$850 million*). Copyright Murray Zircon 27 *Share price and exchange rate on 31/12/2013.
  28. 28. Copyright Murray Zircon 28 5/30/2014
  29. 29. Copyright Murray Zircon 29 5/30/2014 OZC Headquarters & Branch Locations in China Chaoyang Branch, Liaoning Headquarters, Shantou, Guangdong Leiyang Branch, Hunan Lechang Branch, Guangdong Yanhong Branch, Shantou, Guangdong
  30. 30.  New majority shareholder in March 2013;  Formerly Company Chairman – Mr Chaodian Chen at 30.8%  Now CNNC subsidiary at 15.7%  CNNC (China National Nuclear Corporation ) is the large state- owned enterprise under direct management of the central government.  January 2014 - OZC announced the acquisition of Zhejiang Zircon Valley Sci &Tech Pty Ltd; one of China’s largest producers of zirconium oxychloride for export.  February 2014 - OZC announced a merger with Hainan Wensheng High-Tech Materials Co., Ltd (Wingsheng or Winsheen); China’s biggest HMC importer and separator. Copyright Murray Zircon 30 5/30/2014 Orient Zirconic - Recent Developments
  31. 31. Summary Through Murray Zircon, Orient Zirconic has…  Made its initial investment and entered the mining community in South Australia;  Acted on its vertical integration strategy to securing steady supply of zircon;  Established a base for potential future investment. Copyright Murray Zircon 31
  32. 32. For further information: Website: www.murrayzircon.com.au Email: info@murrayzircon.com.au Patrick Mutz, CEO Murray Zircon Pty Ltd P.O. Box 3444 Level 6 West, 50 Grenfell Street Adelaide, South Australia, Australia 5000 Phone: +61 8 8410 8884 ABN: 75 147 048 744

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