AN EMERGING IRON ORE PRODUCER, UNLOCKING THE VALUE OF SOUTH AUSTRALIAN IRON ORE SOUTH AUSTRALIA’S DEVELOPING IRON ORE HUB Steve Brown - GM Engineering AUGUST 2011
DISCLAIMER FORWARD LOOKING STATEMENTS These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, and may be unknown to, the Company. Actual results and developments may vary materially from those expressed in these materials. The types of uncertainties which are relevant to the Company may include, but are not limited to, commodity prices, political uncertainty, changes to the regulatory framework which applies to the business of the Company and general economic conditions. Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or any change in events, conditions or circumstances on which any such statement is based. Forward looking statements include, but are not limited to, statements concerning Centrex’s planned exploration program, targeted resources, commencement of exporting product and other statements that are not historical facts. When used in this document, the words such as “could”, “target”, “plan”, “estimate”, “intend”, “may”, “aim”, “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. 2
CENTREX’S SA ASSETS EYRE PENINSULA SOUTH AUSTRALIA Centrex holds iron ore rights within 16 exploration licence areas on the Eyre Peninsula including: WESTERN MIDDLEBACKS 5 within the Eyre Iron JV; 1 in the Bungalow JV; BUNGALOW JV 1 covering the Wilgerup project area; WILGERUP 5 in the Western Middlebacks region; and SHEEP HILL IS WITHIN 100KMS OF BOTH MAGNETITE JVS AND 4 further tenements. 120KMS FROM WILGERUP. EYRE IRON JV These assets are close to the oldest producing iron ore mines in Australia (the Middleback Ranges). TENEMENTS & JOINT VENTURES CENTREX METALS LIMITED CENTREX’S PROJECTS BUNGALOW JOINT VENTURE ARE WITHIN CLOSE PROXIMITY OF ITS WISCO JOINT VENTURE PROPOSED SHEEP HILL PORT 3
NEED FOR A DEEP WATER PORT 4
PORT LOCATION THE PROPOSED DEEP WATER PORT SITE WILL BE LOCATED 21 KM NORTH-EAST OF TUMBY BAY, 20 KM SOUTH-WEST OF PORT NEILL AND 70 KM NORTH-EAST OF PORT LINCOLN. 5
CONTROLLING OUR DESTINY CAPE VESSEL DIRECT LOADING 6 JANUARY 2011: 20m depth within 500m of the shoreline, with no dredging required SHEEP HILL DECLARED AN INFRASTRUCTURE LOW CAPEX PROPOSAL WARRANTING ‘MAJOR PROJECT’ ~A$180 million capex STATUS BY THE SOUTH AUSTRALIAN PREMIER AND LARGE CAPACITY THE DEVELOPMENT AND RESOURCES MINISTER Potential multi-user facility with a capacity of 20Mtpa GOVERNMENT SUPPORT 120 KMS TO WILGERUP Major Project status declared by the SA < 100 KMS TO Government (January 2011). BUNGALOW JV DAC assessment criteria released June 2011. 25 KMS TO Public Environment Report (PER) EYRE IRON JV Strong support from the District Council of Tumby Bay DEVELOPMENT APPLICATION Preliminary DA with Government for review PROXIMITY TO EXISTING INFRASTRUCTURE Near existing rail and social infrastructure 6
STAGES OF DEVELOPMENT 7
SHEEP HILL PORT LAYOUT 8 8
9
Similar Shiploader & Enclosed Gallery 10
Cape Size Vessel 11
SHEEP HILL PORT Proposed OWNERS TEAM Project Director Centrex Steve Brown BFS Project Manager Parsons Brinkerhoff Geoff Sampson Project Controls ( Schedule / docs ) PB Eng Review Team Engineering Design PB Port Operator tba Grain Operator Free Eyre Environmental Golders 12 12
Development Guidelines Released Development Guidelines Released The South Australian Government ’ s Development Assessment Commission (DAC) has released guidelines for assessment of the Centrex Metals Port development. The project will be assessed under the terms of a Public Environmental Report (PER). The PER will be the environmental and social impact assessment of the project. This level of assessment was considered appropriate by government given consideration the unique project features including: • The establishment of a large shipping terminal in a rural coastal location. • Potential economic benefits to the region. • Potential impacts on the surrounding coastal and marine environment (including from shipping activities in the Spencer Gulf). • Construction impacts (including noise, dust, odour and vibration). • Infrastructure requirements on Eyre Peninsula. The Development Act 1993 requires a PER to be exhibited for at least 30 business days and for a public meeting to be held during this period. Centrex plans to present the results of all studies being prepared for the PER to Port Neill and Tumby Bay communities before the public exhibition period. We will provide more information about this in our next Community Consultation Update. We aim to submit the PER to the Government in December 2011. An updated flowchart with our project schedule is provided here. A copy of the project guidelines can be found on the DAC website ( http://dataserver.planning.sa.gov.au/publications/1417p.pdf). 13
Port Information Days Update on Port Development Information Days, April and June 2011 Centrex Metals Ltd would like to say a big thank you to residents of Port Neill, Tumby Bay and Port Lincoln who took time out to meet members of our project team and learn more about the proposed Port development at our 2011 April and June Information Days and Evenings. More than 250 people attended the sessions, including a school group from Tumby Bay Area School who came prepared with dozens of questions for Centrex ’ s General Manager Engineering Steve Brown. Your questions are important to us. Enclosed with this newsletter is a Stakeholder Response Report collating all the questions raised during the Information Days and providing responses from Centrex. The Stakeholder Response Report has your questions grouped into categories and, where new information has become available, we have provided the latest information. Some answers are updated from the responses given at our Information Days – this reflects new information that has become available since then. Centrex will conduct a second round of consultation when the Public Environmental Report (PER) (environmental impact assessment) document nears completion. These sessions will update you on the results of environmental and other studies and seek further feedback from community. We will let you know the details closer to the time. In the meantime, community members are welcome to contact Centrex with questions or enquiries at any time. 14
Previous ENVIRONMENTAL STUDIES STUDIES COMPLETED SINCE 2008: OCEANOGRAPHIC PROCESSES, WAVE AND TERRESTRIAL ECOLOGY WIND STUDY Flora and fauna field surveys Data collected for summer and winter seasons Identified evidence of previous farming Wave interruption effects on coast expected to activity be minimal No endangered species habitat or significant vegetation PRELIMINARY GEOTECHNICAL AND SOIL ASSESSMENT MARINE ECOLOGY Site geology and soli conditions assessed – 32 Benthic (sediment and just below) survey test pits and 6 boreholes installed on site and Intertidal zone survey along Swaffers Road Water quality assessment Data shows mostly uniform soil conditions No significant habitat identified Minimal seagrass disturbance expected GOUNDWATER ASSESSMENT Ballast water impacts to be managed Depth and quality assessed Quality ranges between freshwater to brackish 15
Previous ENVIRONMENTAL STUDIES STUDIES COMPLETED SINCE 2008: SEISMIC STUDY Sea floor data collected SOCIO-ECONOMIC STUDY Few irregularities in the bedrock observed Field interviews & socio-economic data review VISUAL AMENITY ASSESSMENT 3D modelling of site and wharf undertaken CULTURAL HERITAGE Indigenous and non-indigenous heritage – CURRENTLY UNDERWAY reviewed existing archival / published Surface Water Study information, site walkover and interviews with Noise Study local residents and historical societies Air Quality 16
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