Buckland Project Update and Approvals Strategy
Michael Klvac
July 2014
Iron Ore Holdings Ltd
Agenda
2
 IOH company status
 IOH projects
 Buckland project – independent mine to ship solution – approvals strategy
...
3
IOH - Company Status
Corporate Overview
4
 ASX listed in 2005
 Resource growth to 1.6 billion tonnes in 2013
 Two projects moving towards de...
IOH
5
Exploration
(current and new tenements)
Acquisitions
(selected steel making and
energy raw materials)
Buckland
(Feas...
6
IOH Projects
IOH Project Locations
7
8
Buckland Project
9
Drill & Blast
1 : 1 Strip Ratio
Truck & Shovel
Contract Miner moving
18-20Mtpa
Haul via 196km
Private Road
115-200t Truc...
10
Buckland Project - Animation Video
This video can be can be viewed from the home page of the IOH website at:
www.ironor...
 The Buckland Project is underwritten by a comprehensive set of
approvals and agreements
 The key elements of the approv...
 The key categories of stakeholders that grant (or influence the grant of)
regulatory approvals and land access for the B...
 Some lessons IOH has learnt over the past two years:
1. Small approvals team of subject experts (supported by consultant...
14
The consultation effort and results
Consultation target Number of target
consultation groups
Consultations Results
Fede...
15
Status of Primary Approvals
Component Type Authority / Entity Status
Bungaroo South
Mine
Environment
Federal 
State 
...
16
IOH Future
IOH Key Objectives for CY 2014
17
Prudent allocation of more
than A$50M cash reserves
Maintain high HSEC
standards
Conside...
18
Thank You
Disclaimer
19
This document or presentation may include forward-looking statements. Forward-looking statements include, bu...
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Michael Klvac - Iron Ore Holdings - An Update on Iron Ore Holdings – the successful completion of a major project

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Michael Klvac delivered the presentation at the 2014 Mining the Pilbara Conference.

The 2014 Mining the Pilbara Conference explored current projects and regulatory updates in the Pilbara region.

For more information about the event, please visit: http://www.informa.com.au/pilbaramining14

Published in: Business, Technology
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Michael Klvac - Iron Ore Holdings - An Update on Iron Ore Holdings – the successful completion of a major project

  1. 1. Buckland Project Update and Approvals Strategy Michael Klvac July 2014 Iron Ore Holdings Ltd
  2. 2. Agenda 2  IOH company status  IOH projects  Buckland project – independent mine to ship solution – approvals strategy  IOH key objectives
  3. 3. 3 IOH - Company Status
  4. 4. Corporate Overview 4  ASX listed in 2005  Resource growth to 1.6 billion tonnes in 2013  Two projects moving towards development  More than $50M cash in bank and zero debt  Small team (20 employees) of subject experts Background Capital Structure Cash (as at 30 April 2014) ~A$58 million Shares On Issue 161 million 52 Week Range ~A$0.67 - A$1.26 Market Cap (as at 30 April 2014) ~A$145 million  Hon. Richard Court AC (Non-Executive Chairman)  Alwyn Vorster (Managing Director)  Ryan Stokes (Non-Executive Director)  Malcolm Randall (Non-Executive Director)  Brian O’Donnell (Non-Executive Director) Board Members IOH Board Members
  5. 5. IOH 5 Exploration (current and new tenements) Acquisitions (selected steel making and energy raw materials) Buckland (Feasibility Study and approvals) Iron Valley (Pre-feasibility study and approvals) Iron Valley (Mineral Resources - Mine Gate Sale) Buckland (JV or Divest) Non-core tenements (JV or Divest) IOH Business Model Non-core tenements (Concept study and approvals)
  6. 6. 6 IOH Projects
  7. 7. IOH Project Locations 7
  8. 8. 8 Buckland Project
  9. 9. 9 Drill & Blast 1 : 1 Strip Ratio Truck & Shovel Contract Miner moving 18-20Mtpa Haul via 196km Private Road 115-200t Trucks Contract Road Haul Crush and Screen Dry and Wet Plant 8Mtpa (dry) Production Cape Preston East Port 20Mtpa Allocation 20 Year Port Lease Transhipment to Cape Size Vessels Self-propelled and self-unloading Transhipper vessel Buckland Project – Independent Mine to Ship Solution
  10. 10. 10 Buckland Project - Animation Video This video can be can be viewed from the home page of the IOH website at: www.ironoreholdings.com
  11. 11.  The Buckland Project is underwritten by a comprehensive set of approvals and agreements  The key elements of the approvals strategy are as follows: 1. Identify all approvals required to support project development; 2. Identify parties that either grant (or influence the grant of): • Regulatory approvals; and • Access to land (including tenure). 3. Engage with each stakeholder in a targeted and co-ordinated manner. 11 Buckland Project Approvals Strategy
  12. 12.  The key categories of stakeholders that grant (or influence the grant of) regulatory approvals and land access for the Buckland project are as follows: – Federal, State and local government departments and authorities; – Underlying tenement holders; – Pastoralists; and – Native Title groups – Communities  The key is to engage and consult effectively! 12 Buckland Project Approvals Strategy - continued
  13. 13.  Some lessons IOH has learnt over the past two years: 1. Small approvals team of subject experts (supported by consultants where necessary); 2. Engage stakeholder at multiple levels in the organisation (EPA example); 3. Utilise IOH personnel effectively; 4. Work collaboratively to find solutions with mutual benefits to company and State (CPE example); 5. Develop and foster relationships – they are not there just when you want something; 6. There is no substitute for face-to-face time; and 7. Keep a record of consultations and actions agreed.  It is not possible to achieve a single approval without some level of consultation 13 How do we ensure consultation is effective?
  14. 14. 14 The consultation effort and results Consultation target Number of target consultation groups Consultations Results Federal and State Government departments and authorities 18 425 13 approvals* 10 miscellaneous licences 1 mining lease 4 port agreements 18 other licences Underlying tenement holders 10 210 30 access agreements 1 Successful Wardens court hearing Pastoralists 4 10 2 access agreements Native Title groups and Communities 2 80 22 heritage surveys** 2 heritage agreements 2 land access deeds 1 s.16 consent 4 s.18 consents * EP Act Part IV & Part V, EPBC Act and Mining Act ** 10 day surveys An average of one consultation per day for two years: Huge effort, large cost but a great result!
  15. 15. 15 Status of Primary Approvals Component Type Authority / Entity Status Bungaroo South Mine Environment Federal  State  Native Title Private  Heritage Clearance State  Lease State  Stage 1 Haul Road Environment Federal  State  Native Title Private  Heritage Clearance State  Licences / Agreements State / Private  Cape Preston East Port Facility Environment Federal  State  Native Title Private  Heritage Clearance State  Lease agreements State  All primary approvals required to develop the Buckland Project have been secured
  16. 16. 16 IOH Future
  17. 17. IOH Key Objectives for CY 2014 17 Prudent allocation of more than A$50M cash reserves Maintain high HSEC standards Consider new tenements and projects Secure partner for Buckland project Receive first revenue from Iron Valley Increased Market Value of IOH
  18. 18. 18 Thank You
  19. 19. Disclaimer 19 This document or presentation may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Iron Ore Holdings‟ planned exploration program, commencement of exporting of iron ore, industry outlook and other statements that are not historical facts. When used in this document, the words such as “could,” “target,” “plan,” “estimate,” “intend,” “may,” “potential,” “should,” and similar expressions reflected in these forward-looking statements are reasonable, such as statements involving risks and uncertainties and no assurance can be given that actual results be consistent with these forward-looking statements. Disclaimer: The information in the report to which this statement is attached that relates to Exploration Targets, Exploration Results, is based on information compiled by Mr Roland Bartsch, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bartsch is a full time contract employee of IOH and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of „Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‟. Mr Bartsch consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. In respect of the Iron Valley and Maitland deposits the information in this report that relates to Mineral Resources estimates has been compiled by Mr Lynn Widenbar, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Widenbar is a full time employee of Widenbar and Associates and produced the Mineral Resource Estimates based on data and geological information supplied by IOH. Mr Widenbar has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the „Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves‟. Mr Widenbar consents to the inclusion in this report of the matters based on his information in the form and context that the information appears. In respect of the Bungaroo South, Dragon, Rabbit, Rooster and Snake deposits the information in this report that relates to Mineral Resources is based on information compiled by Mr Lynn Widenbar, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Widenbar is a full time employee Widenbar and Associates and produced the Mineral Resource Estimates based on data and geological information supplied by IOH and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of „Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‟. Mr Widenbar consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to Ore Reserve estimations for the Iron Valley Deposit is based on information compiled by Mr Alan G. Cooper, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Cooper is a full time employee of Snowden Mining Industry Consultants Pty Ltd. Mr Cooper has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the „Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‟. Mr Cooper consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This information was prepared and first disclosed under the JORC Code 2004. It has been not been updated to comply with JORC Code 2012 on the basis that the information has not materially changed since it was last reported. The information in this report that relates to Ore Reserve estimations for Bungaroo South and Dragon Deposits is based on information compiled by Mr Alan G. Cooper, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Cooper is a full time employee of Snowden Mining Industry Consultants Pty Ltd. Mr Cooper has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the „Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‟. Mr Cooper consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Competent Persons Statement:
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