High Level Overview - IOM

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

IOM is a business with many unfair advantages;

Experienced board and management with a world class advisory board

We have an exclusive prospecting license over 2361 km2

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

Probable very large resource identified more than 1 billion mt TTM

There are barriers to entry with all the ironsand offshore now pegged

We are in good company with international miners participating, RT, FMG, Sinosteel, TTR

Iron Ore is a rising export market, GDP China India Korea is growing with increasing need for steel raw materials

Economic feasibility is compelling with breakeven at 3-5% ironsand in sediment for sales at $70 -90 tonne

Break even is now at 2.5% ironsand in sediment for current sales prices

Overall, 8% ironsand in sediment

Exploration resource is >20% ironsand in sediment

High grade TTM, 60% Fe by weight, and value adding down stream products

High Ti/V slag for sale to refiners [ferro-alloys/aerospacial industry] a growing market

Phosphates in the slag can be sold to producers of fertilizers, a growing market

Margins are large, OPEX is small, $7-14 tonne 60% Fe concentrate

CAPEX is Low, Offshore Dredge Mining is mega scale and ultra low cost

Proven; Mega Dredging, Separation of Ironsand, Process to Product, Market

NZ Government is looking to match Australia with exports to rise to 40% of GDP by 2025, currently 30%

The information in this article was current at 27 Mar 2012

Keywords: Exploration Resource, Iron Ore, Minerals, Mining, Sand

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