Within our grasp : The Jambreiro Iron Ore Project • Low costs • Strong margins • Long life Resources Rising Stars, 2 October 2013 Darren Gordon – Managing Director
Disclaimer This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into account any person's particular investment objectives, financial resources or other relevant circumstances and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent permitted by law, the Company does not make any representation or warranty, express or implied, as to the accuracy or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted. This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Centaurus Metals. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Centaurus Metals does not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based. The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Roger Fitzhardinge who is a Member of the Australasia Institute of Mining and Metallurgy and Volodymyr Myadzel who is a Member of Australian Institute of Geoscientists. Roger Fitzhardinge is a permanent employee of Centaurus Metals Limited and Volodymyr Myadzel is the Senior Resource Geologist of BNA Consultoria e Sistemas Limited, independent resource consultants engaged by Centaurus Metals. Roger Fitzhardinge and Volodymyr Myadzel have sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which they are 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 Reserve’. Roger Fitzhardinge and Volodymyr Myadzel consent to the inclusion in the report of the matters based on their information in the form and context in which it appears. The information in this report that relates to Ore Reserves is based on information compiled by Beck Nader who is a professional Mining Engineer and a Member of Australian Institute of Geoscientists. Beck Nader is the Managing Director of BNA Consultoria e Sistemas Ltda and is a consultant to Centaurus. Beck Nader has sufficient experience, which is relevant to the style of mineralization 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 Reserve’. Beck Nader consents to the inclusion in the report of the matters based on their information in the form and context in which it appears. 2
Overview Developing low capital, operating cost mines near existing infrastructure + customers in SE Brazil Jambreiro Project fully permitted for 2-3Mtpa domestic production: Off-take and financing discussions well advanced to underpin $130M development Robust project with life-of-mine revenue of A$847M, A$556M EBITDA, A$140M NPV Initial site development work underway: commercial production by early 2015 High-grade, low impurity consistent quality product: growing domestic market Outstanding growth potential from regional exploration and export strategy Experienced in-country management and technical team, backed by a strong Board Supportive strategic shareholders: Atlas Iron (19.6%), Liberty Metals & Mining (12.8%) Centaurus Metals is well advanced towards its goal of becoming a profitable iron ore producer in Brazil. 3
Brazil – Latin America’s Economic Powerhouse 6 th World economic ranking: 1 st Ranking in Latin America: GDP growth (2012) 1.5% Revised GDP growth forecast (2013): 3.0% Population: ~195M Iron ore exports: >320Mtpa Steel production: ~35Mtpa By 2050, the Brazilian population is expected to increase to 260M and the economy is forecast to be one of the world’s Top Five, making it a highly attractive destination for foreign investment. (Source: Goldman Sachs) Source: Brazilian Central Bank, CIA – The World Factbook, Bloomberg CRU International Limited – The Iron Ore Market Outlook – January 2013 4
2014 Soccer World Cup 5
Brazilian Iron Ore Market Large domestic market for iron ore consumption Significant market opportunity with major steel mills located within 150km radius of key Centaurus Projects Brazil Crude Steel Production (Mt) Brazil Iron Ore Consumption (Mt) 23% 23% Forecast 70 Forecast 60 50 40 30 20 33 26 32 34 34 36 38 39 41 42 48 36 45 48 48 51 54 56 58 59 10 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Source: CRU International Limited – The Iron Ore Market Outlook – April 2013 6
Brazilian Mining Code – Proposed Changes Will no longer exist. Instead a combined exploration and mining lease will be granted Exploration Licences under a public tender process. Licence will have an initial term of 40 years. As per Exploration Licence Mining Leases Exploration Licence Applications Previous exploration licences applications to be opened up to a new Public Offering process. No longer available Extraction Licences (GU’s) Likely to be increased from 2% to 4% for iron ore but now on a gross basis (only set off CFEM Royalty will be taxes) Likely to be decreased to 20% of CFEM – Currently 50% of CFEM Landowner Royalty UNKNOWN Timing 7
Centaurus Key Personnel – Board and Management Centaurus Metals Board Centaurus Metals Board John Westdorp: Chief Financial Officer Didier Murcia – Independent Non-Executive Chairman Chartered Accountant, 20 years resource experience, former CFO of Iron Ore Producer, Lawyer, 25 years experience, Non-executive Director – Gryphon Minerals and Cradle Murchison Metals. Held senior positions with North Ltd Group including 6 years with Resources. Honorary Australian Consul to Tanzania Robe River Iron Associate JV Darren Gordon - Managing Director Geoff James: Company Secretary Chartered Accountant, 20 years experience, extensive resource financing and operations Chartered Accountant, 20 years experience, former Group Financial Accountant at exposure. Previously CFO at Gindalbie Metals Clough Limited & previously held joint CFO/Company Secretary position with Centaurus Peter Freund - Operations Director Alexandro de Moura : GM – Operations Mechanical Engineer, 40 years experience, former General Manager of the Karara JV, Engineer, 20 years experience, former Chief Operating Officer for MMX Mineracáo & and head of MIM team at Alumbrera Copper Mine, South America. Developed Oaky held senior roles with Yamana in their copper operations Creek Coal and MacArthur River Lead/Zinc Project Richard Hill – Independent Non-Executive Director Bruno Scarpelli: GM – Environmental & OH&S Former Environmental Coordinator at Vale’s Carajas Iron Ore Operations, previously held Solicitor and Geologist, 20 years experience, co-founded Centaurus and director of roles with Brandt Meio Ambiente and Golder Associates resource Investment group, Westoria Capital Mark Hancock - Non-Executive Director Roger Fitzhardinge: GM – Exploration & Evaluation Chartered Accountant, 25 years experience. Current Executive Director – Atlas Iron. Has Geologist, former Manager of Technical Services and Senior Mine Geologist at Mirabela previously held senior financial roles with Woodside Petroleum, Premier Oil & Lend Nickel. Former geologist with BHP’s Pilbara iron ore operations Lease Steve Zaninovich – Independent Non-Executive Director Luiz Carlos Noronha Jr.: Legal Counsel & Administrator Civil Engineer, 20 years experience, current COO for West Africa focused Gryphon Lawyer, 15 years experience in tax, commercial law and land access for mining company Minerals. Extensive experience in Project Managing construction projects in overseas clients jurisdictions. Centaurus has a strong management team, predominantly based in the Belo Horizonte office, experienced in developing Brazilian resource projects. 8
Recommend
More recommend
