Investors

Highlights

Significant Return

  • NPV of $111M.
  • Indicative net profit of $218M.

Near Term Production and Revenues

  • Production and cashflow positive in 12–18 months.
  • 19 year mine life.
  • Potential for 18,000t of existing magnetite ore within 3–6 months.
  • Opportunity to increase JORC resource to be extend mine life.
  • Acquisition of nearby prospective exploration ground underway.

Significant Exploration Opportunities

  • Surrounding EL 8509 – increase JORC resource and Gold and Copper.
  • Central NSW proven mining district.
  • Focus on Critical Metals in additional projects.
  • Near term revenues for dividends and/or exploration of additional projects to build a significant central NSW resources company.

ESG Focus

  • DMS used for cleaner fuels, clean processing.

Experienced Board and Management

  • Board and Management Team with proven track record bringing companies to market and production.

Significant Upside and Opportunities

  • Potential for 18,000t of existing magnetite ore saleable within 3-6 months.
  • Opportunities for windfall profits with magnetite sales to the steel industry (subject to pricing).
  • Increase JORC resource – extend mine life.
  • Costs and CAPEX reductions to increase NPV (work underway).
  • Increase permitted production from 170,000t per annum.
  • Significant exploration potential in surrounding EL and ground and Central NSW.
  • Near term revenues for dividends and/or exploration to build a significant central NSW resources company.