Business Overview - IOM

By: Iom  05-Apr-2012
Keywords: Minerals, Mining, Sand

Business Overview

IOML is an offshore exploration and mining development company with many unfair advantages

Key facts include:

Exploration re source of over 1 Billion tonnes of ironsand at 57.2% Fe by weight

Ultra low cost dredge mining

OPEX $7-14 US per tonne

Dredging sand is commercially viable

Dredging iron sand produces margin ++++

We are now moving forward to take the project to a PFS stage

Major players in the field include BHP, Rio Tinto, FMG and Sinosteel

Third party research shows the value of iron ore exports [volume and price] from the Australian market are poised to grow 50% in 2011 [ABARE June 2010]

The Company's technology provides critical 
advantages over competitors in blending iron sands with Chinese ores

The Company has moved to early technical feasibility studies

Seeking to sell 12 Million tonnes of iron ore concentrate in to the bulk markets pa

We have the research proven technical ‘know how’ to deliver a blended pelletized product from iron sand suitable for iron and steel making processes

The product is suitable for oxygen and electrical steel making processes

The product is also suitable for producing DRI, HBI and merchant pig iron

Success Factors

Ironsands Offshore Mining Limited ‘IOM’ is uniquely qualified to succeed due to the following reasons

Ultra low cost exploration and development costs

Low OPEX and CAPEX with payback within one year of fully ramped producrion

Wide profit margins on conservative figures with mature board strategy

Technical expertise with Lou Jelenich formerly of BHP

Expanding shipped iron ore sales market

Rising iron ore prices with constrained supply

World economic recovery with stimulus packages, expanding GDP(s) and CSO

Supportive political landscape and regulatory environment

Protection of market with high entry barriers

Billions of tonnes of high quality [starting at 57%+ Fe] titanomagnetite

Iron ore concentrate 60-61% Fe by weight

Titanium and Vanadium add back credits

Financial Needs and Exit Strategy

Listing of Company

Co-Listing if required

Tax effective structuring

The information in this article was current at 27 Mar 2012

Keywords: Iron Ore, Minerals, Mining, Sand

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Other news and updates from Iom

05-Apr-2012

Directors and Advisory Board - IOM

He has built up his own consultancy firm and specialises in project development / feasibility studies and concentrates on alluvial- and marine mining / dredging projects. A Malaysian but born and raised in Singapore, he holds a Masters in Civil Engineering from the University of Manchester Institute of Science and Technology.


05-Apr-2012

Industry News -Iron Ore - IOM

A total 70% of New Zealand's mineral wealth is on or in conservation lands and the government has asked Crown Minerals to review areas with significant mineral potential that could be worth millions if removed from Department of Conservation control.


05-Apr-2012

High Level Overview - IOM

We are the closest tenement to the source of the iron ore, Mt Taranaki Volcano with the largest identified target of iron sand offshore in 20-80m of water. Experienced board and management with a world class advisory board. Offshore Dredge Mining is mega scale and ultra low cost. High Ti/V slag for sale to refiners a growing market.