Buena Vista Iron Ore Nevada USA - Presentation 2021 - 2021 Magnum Mining and Exploration Limited - HotCopper
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Buena Vista Iron Ore Nevada USA Presentation 2021 ©2021 Magnum Mining and Exploration Limited
INDEX
PATH TO MARKETS LOCATION
Anglo America Domestic & Asian Markets
FROM MINE TO METAL UNIQUE IRON ORE
Green HISMELT Technology A High Grade Producer
PAGE 2 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
MAGNUM ASX RELEASE 10 JUNE 2021
Anglo American Main Anglo Agreement
is a leading global
> USD8M Pre Financing
> 100% Off Take of DSO up to 800,000MT
mining company.
> Pre Payment of Ore at Loading Port
> No limit on Pre Payment
> First Right of Refusal on Financing for 68%
Anglo American Fact Sheet, February 2020 concentrate and Green Pig Iron
Ref MGU Announcement 11 June, 2021.
PAGE 3 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
MINE LOCATION PAGE 4 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
GLOBAL POLICY SUPPORT
GLOBAL
POLICY
SUPPORT
M AG N U M M I N I N G & EXPLO R AT I O N © 2021 Magnum Mining and Exploration Limited
PAGE 5 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
GLOBAL STEEL SCRAP
& PIG IRON SHORTAGE
3.27% 2.5%
US is the world’s largest
pig iron importer. 4.69%
Annual import valued at
USD1.5 Billion (2019). 9.56%
34.7%
Source: The Observatory of Economic Complexity
8.26%
8.88%
3.35%
3.41%
United States China Turkey Chinese Taipei
Italy Netherlands Germany Spain Saudi Arabia
PAGE 6 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
GLOBAL STEEL SCRAP & PIG IRON SHORTAGE
Global steel mills changing
to EAF to reduce emission,
increasing demand for
steel scraps and pig iron.
The shortage will continue
for the foreseeable future.
PAGE 7 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
STEEL PLANTS OF NORTH AMERICA
Steel Plants of North America
Ontario Region
27 11R
10A Toronto
Port of Vancouver
11Q
15P
Port of Seattle 30
1B Lake Ontario
31
Port of Montreal 4S
4R
29
28
38
11P 4P Hamilton
10D
4Q
New York
11M 39 22F
15A 22G
15D
6A Ontario
17B Port of 22H
22E
11V 11W
New York Lake Erie
5B 11L
36 12B 52 4N
19C 4F
15T 15N 18B 46 19D 61 10B
11N 15V Port of Baltimore Chicago Region
%
44
45 15H
19E
5
1A
2D
2A 19B Lake Michigan
8
42
32 50 16A
59 22D 11K Chicago 51
19A 4M
15F 4K 4L 22C
4H 4J
10C 4C
11B
43 11H
7D 15G
11D 3A Gary
15Q
11U 33 15U 11E
15L 35 15M 11C 11G
49 41 15E 7B 15B 4G
11P
AF
37 7E 15C 22B
15K Indiana
E
Port of Los Angeles 17A 7A Port of Charleston
S A
15S
OF U 025
13D
11J 48 15J
Illinois
34
54 55 11F
Port of Jacksonville
BY 2
4B 18A
15R
4A Pittsburgh - Cleveland Region
11A Port of Mobile
7C
Lake Erie New York
Port of Houston
53
Port of Miami 9A
26
40
13F 4D 4E 16B
8B
20C
20D
Monterrey 6B 60 Pennsylvania
8C 62
Cleveland
BOF shops EAF shops Rolling Facilities 21A
21B 9B 2B
*All locations shown are EAF melt shops, except otherwise noted as 56
IND (Induction), BOF or RM (Rolling Mill) Facility 23 Port of Altamira 63
**All facilities are EAF, BOF, IND or Rolling basic steel mill products 13E 3B
13A 2C 12A 3D
***Operations with a white dot are not melting operations, but are
included on this map because they are members of the AISI 24
Ohio Pittsburgh
States of Mexico 8A
22A 14B
AG-Aguascalientes GJ-Guanajuato QI-Quintana Roo
13C 57 58
BN-Baja California Norte HD-Hidalgo SI-Sinaloa
BS-Baja California Sur JA-Jalisco SL-San Luis Potosi Port of Vera Cruz 3C 5A
CH-Coahuila de Zaragoza MC-Michoacan SO-Sonora
Port of
Mexico City 11T
11S 49
47
14A
CI-Chihuahua MR-Morelos TA-Tamaulipas 13B 20A
CL-Colima MX-Estados de Mexico TB-Tabasco Manzanillo 20B
25
CP-Campeche NA-Nayarit TL-Tlaxcala
CS-Chiapas NL-Nuevo Leon VC-Veracruz
DF-Districto Federal OA-Oaxaca YU-Yucatan
DG-Durango PU-Puebla ZA-Zacatecas
4U
GE-Guerrero QE-Queretaro Port of Lazaro 4T
Cardenas
West Virginia
(000) (000) (000) (000)
# COMPANY NAME LOCATION # COMPANY NAME LOCATION # COMPANY NAME LOCATION # COMPANY NAME LOCATION
tons tons tons tons
A. Finkl & Sons Co. Ellwood Group Nucor Corporation United States Steel Corporation
1A A. Finkl & Sons Co. Chicago, IL 100 9A Ellwood National Steel Irvine, PA 77 15A Nucor Steel – Auburn, Inc. Auburn, NY 496 22A BOF US Steel – Mon Valley Works Braddock, PA 2899
PAGE 8 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
1B Sorel Forge
AK Steel Corp.
St-Joseph-de-Sorel, Québec, Canada 80 9B Ellwood Quality Steels Co.
EVRAZ North America
New Castle, PA 386 15B
15C
Nucor Steel – Berkeley
Nucor Steel – Birmingham Inc.
Huger, SC
Birmingham, AL
3439
661
22B BOF US Steel – Fairfield Works Fairfield, AL 2400
22C BOF US Steel – Gary Works (No. 1 BOP & Q-BOP) Gary, IN 8102
2A BOF AK Steel Corp. – Ashland Ashland, KY 2546 10A EVRAZ Regina Regina, Saskatchewan, Canada 1213 15D RM Nucor Steel – Connecticut Inc. Wallingford, CT
22D BOF US Steel – Granite City Works Granite City, IL 2866
2B AK Steel Corp. – Butler Butler, PA 1543 10B EVRAZ Claymont Steel Claymont, DE 496 15E Nucor Steel – Decatur, L.L.C. Trinity, AL 2403
22E BOF US Steel – Great Lakes Works Ecorse, MI 3527
2C AK Steel Corp. – Mansfield Mansfield, OH 882 10C EVRAZ Pueblo Pueblo, CO 1213 15F Nucor Steel – Hertford Cofield, NC 992
2D BOF AK Steel Corp. – Middletown Middletown, OH 2899 22F BOF US Steel - Hamilton Works (BOF Shop) Hamilton, Ontario, Canada 2701
10D RM EVRAZ Portland Portland, OR 15G Nucor Steel – Arkansas Blytheville, AR 2646
Allegheny Technologies Inc. 22G US Steel - Hamilton Works (EAF Shop) Hamilton, Ontario, Canada 717
h
WEST COAST STEEL MILL IMPORT
REQUIREMENT JAN 2021
6 Million Tons of
Existing Steel Capacity
on the West Coast
PAGE 9 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
FROM MINE TO METAL
WITH GREEN HISMELT TECHNOLOGY
Rio Tinto started HISMELT
researching 1982. After 30
years, the process was proven
successful in Kwinana Australia.
2008 Molong purchased the IPs
from Rio Tinto. A 850,000MT Pig
Iron per year HISMELT plant is in
operation since 2016.
BV HISMELT in Nevada will use
Clean Hydrogen & Local Biomass
from invasive Juniper Trees to
produce GREEN HBI & Pig Iron
PAGE 10 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration LimitedLOCAL BIOMASS
JUNIPER TREES
Biomass Advantages
> Juniper Tree is dry with around 18% moisture.
> Juniper Tree Biochar is up to 8,400kCal/kg better
than most of thermal coal.
> Carbon credit for negative Greenhouse gas
emission using Biochar
> Biochar is also low on Sulphur & impurities for
good quality steel products
> Readily available locally with minimum logistics
carbon footprint
> Restore nature balance while providing local jobs
Facts
> Juniper Tree is an invasive specie
> Large parts of the Western United States are
overgrown with juniper trees. Making little room
for other plants.
> A single juniper tree drinks up to 40 gallons of
water per day
> Depleting Water Table in an increasingly arid area
> A fire hazard with potent Greenhouse gas
emission
> BLM encourage harvest to control spreadGREEN HISMELT PROCESS FLOW
Green HBI Green PIG IRON
G R EG
ERN EHE INS M
HEI SLM
T E LT
PAGE 12 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration LimitedUNIQUELY LOCATED
TO SUPPLY DOMESTIC & ASIAN MARKETS
1. Fully Permitted. Iron
Ore Mining / Crushing
/ Dry Magnetic DSO /
BUEN
Wet Magnetic 68%. A
VIST
2. Serviced by PRO A
JECT
Union Pacific on
Transcontinental
Railway.
3. Water Rights Grants
for the Life of the Mine.
4. Panamax Vessel Load
at Both Stockton &
Richmond Ports.
PAGE 13 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration LimitedDISCOVERY & EXPLORATION HISTORY
DISCOVERY &
EXPLORATION
HISTORY Feasibility Study CAPITAL
for 2 million ton SPENT
annual pellet plant
Southern Pacific & to Japan TO DATE
Capital Spent
Mineral Materials Co to USD
date 34M
1951 USD 34M
Iron first
discovered Magnum
U.S. Steel RHM Nevada Iron
1890s 2020
1960s 2009 2010
Direct Partner America
Extensive
Shipping Ore with ITOH Made Green Steel for
diamond drill
58% Fe for 67% Fe U.S. domestic supply
of 114 drill holes
concentrate
2 million to Japan
Tons mined by 1963 800,000mt
mostly to Japan mined to supply Fully Permitted
Geneva Steel mine & processing
with over 2 million
tons water rights
M a g n u m B u e n a Vi s t a I ro n O re m i n e © 2021 Magnum Mining and Exploration Limited
PAGE 14 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration LimitedFROM MINE TO METAL WITH GREEN HISMELT TECHNOLOGY
Supreme
Quality Iron
Ore Supply
Facing Pacific
Market
One of the few producers of
68%Fe in the world.
Vale / Samarco / IOC / QCM /
Empire / LKAB.
Only one with direct shipping
route to Pacific customers for
SPOT pricing.
PAGE 15 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited!"#$% & ' ()* +, -.-& !"#$% - ' /01 2% 345%567#6% +, 2022
2021 2022 2023
MAGNUM BVNV Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Permitting COMPLETED
2021 2022 2023
PHASE 1
Mining and processing permit updates
MAGNUM BVNV Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
DSO Q4 2021
Iron concentrate plant design update
Permitting
Bankable fea
f sibility
ibility study updates
COMPLETED
i
Mining and processing permit updates
Utility
lity supply application
PHASE 2 – 68% Fe
Iron concentrate plant design update
Port and railway contract renew
Bankable fea
f sibility
ibility study updates
i
Concentrate Q4 2022 Iron Ore Product off
Utility
fff take
lity supply application
Ore beneficiation plant construction
Port and railway contract renew
Iron Ore shipment (DSO Grade)
Iron Ore Product off
fff take
Iron Ore shipment (Concentrate)
Ore beneficiation plant construction
Iron Ore shipment (DSO Grade)
!"#$% & ' ()%%* +,$-%./ 01 232&
Iron Ore shipment (Concentrate)
| |
!"#$% & ' ()%%* +,$-%./ 01 232&
| | 2021 2022 2023
PHASE 3 MAGNUM BVNV Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Green Hismelt HISMELT plant design
2021 2022 2023
Q4 2023
Permitting
MAGNUM BVNV Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Green Hydrogen
HISMELT supply
plant design COMPLETED
i
Local Biomass supply
Permitting
Bankable
Green f sibility
fea
Hydrogenibility study
supply COMPLETED
i
Utility
lity
Local supply application
Biomass supply
HBI Product
Bankable off
fff take
f sibility
fea ibility study
HISMELT
Utility plant
lity supply construction
application
Start
HBI operation
Product fff t(turn
off ake key)
HISMELT plant construction
Start operation (turn key)
PAGE 16 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration LimitedMAGNUM BV DEVELOPMENT PHASES
IRON ORE FINES
65% -2MM
800,000mt IRON ORE
DSO
CONCENTRATE
62% 20-50MM
67% 100 MESH
250,000mt
HBI
1.7mt
800,000mt
LEVIN
STOCKTON
RICHMOND
PORT
TERMINAL
UNION
PACIFIC
Agreement in place Mid June Refer to ASX announcement 28 June, 2021, 11 June 2021,
7 May 2021.
Contract in place Mid July Load out: Lovelock Industrial Park Agreement
MGU confirms that all material assumptions and technical
in place Mid July Contract in place Mid August parameters underpinning the production target continue
to apply and have not materially changed from the
previous ASX announcements listed above.
PAGE 17 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
© 2021 Magnum Mining and Exploration LimitedBUENA VISTA IRON ORE SUMMARY
BUENA VISTA
IRON ORE SUMMARY
Buena Vista is an advanced magnetite iron
ore project. All major development permits
NA VISTA
have already been secured.
N O RTotal
E reported
SUM MARY
Mineral Resources 232Mt (JORC 2012 compliant)
Buena Vista is an advanced magnetite iron ore project.
All major development permits have already been secured.
> +67.5 % Fe magnetite concentrate with total reported Mineral Resources 232Mt (JORC 2012 compliant)
no deleterious impurities. +67.5 % Fe magnetite concentrate with no deleterious impurities.
40 km from mine gate to railway
> 40 km from mine gate to railway Potential export via ports of Stockton / Richmond / San Francisco
> Potential export via ports of Stockton / An average 16 day ocean voyage from west coast USA
to Asia customers
Richmond / San Francisco
> An average 16 day ocean voyage from M AG N U M M I N I N G & EXPLO R AT I O N
west coast USA to Asia customers
© 2021 Ma
Refer to ASX announcements 28 June 2021, 11 June 2021
and 7 May 2021 (ASX Announcements).
is an advanced magnetite iron ore project.
MGU confirms
velopment permits have that all material
already beenassumptions
secured.and technical
parameters underpinning the production target continue
ed Mineral Resources
to apply and232Mt
have not (JORC
materially2012 compliant)
changed since the release
of the ASX announcements.
magnetite concentrate with no deleterious impurities.
mine gate to railway
port via ports of Stockton / Richmond / San Francisco
PAGE 18 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration Limited
16 day ocean voyage from west coast USA
omersA STAGED APPROACH STARTING
FROM IRON ORE EXPORT
DIRECT SHIPPING ORE STARTING Q4 2021
PANAMAX
DRY RAIL VESSEL
> 45% CRUSH 62% Fe
MAGNETIC LOADING LOADING
IRON ORE -2 mm DSO STOCKTON
SEPARATION LOVELOCK
PORT & LRT
% Fe % SiO₂ % A1₂O₃ % CaO % MgO %P %S % TiO₂ %V % LOI
62 5.5 3.5 0.6 0.5 0.04 0.02 0.30 0.30 3.15
ASX Announcement: 23 March 2021 Maiden JORC 2012 Resource for Buena Vista Magnetite Project Refer to ASX announcements 28 June 2021, 11 June 2021 and 7 May 2021 (ASX Announcements).
MGU confirms that all material assumptions and technical parameters underpinning the production
Estimated typical DSO quality based on tests results by American Assay Laboratory Nevada (AAL) target continue to apply and have not materially changed since the release of the ASX announcements.
PAGE 19 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration LimitedA STAGED APPROACH STARTING
FROM IRON ORE EXPORT
IRON ORE CONCENTRATE STARTING Q3 2022
RAIL PANAMAX
WET
> 25% CRUSH BALL MILL 68 % Fe LOADING LOADING
MAGNETIC
IRON ORE 2-5 mm -100 um CONCENTRATE COLEDO / OAKLAND
SEPARATION PORT
LOVELOCK
% Fe % SiO₂ % A1₂O₃ % CaO % MgO %P %S % TiO₂ %V % LOI
68 1.0 1.0 0.3 0.3 0.01 0.01 0.30 0.30 3.15
ASX Announcement: 23 March 2021 Maiden JORC 2012 Resource for Buena Vista Magnetite Project Refer to ASX announcements 28 June 2021, 11 June 2021 and 7 May 2021 (ASX Announcements).
MGU confirms that all material assumptions and technical parameters underpinning the production
Estimated typical concentrate quality based on tests results by American Assay Laboratory Nevada (AAL) target continue to apply and have not materially changed since the release of the ASX announcements.
PAGE 20 | BUENA VISTA, NEVADA USA ©2021 Magnum Mining and Exploration LimitedFor more information, contact:
Dano Chan, Managing Director
+852 9304 6262
dano@mmel.com.au
Registered Office:
Level 11, 52 Phillip Street,
Sydney NSW 2000
Telephone: +61 8 6280 0245
Fax: +61 8 9381 2855
Email: info@mmel.com.au
ASX: MGU
ABN 70 003 170 376
Follow us on: Magnum_mining_mgu
Presentation 2021
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