The document discusses potential infrastructure investment opportunities related to developing iron ore resources in the Braemar Iron Formation region of Australia. It notes that the Braemar Iron Alliance envisions developing around 25-50 billion tonnes of magnetite iron resources over the next decade, with potential for annual concentrate production of 50 million tonnes requiring significant infrastructure such as water supply, power, rail, ports, and shipping facilities. A desalination plant and 350km pipeline are presented as an example water supply scenario to support 25 million tonnes per annum of concentrate output.
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Braemar iron alliance chinese investment congress 7 july 2011 translation
1. Mining
Infrastructure
Investment
opportuni3es
on
the
Braemar
Iron
Forma3on
A
Presenta3on
from
the
Braemar
Iron
Alliance
Australian
Resources
Chinese
Investment
Conference,
Adelaide
7
July
2011
Andrew
WoskeG,
Spokesman
for
the
Braemar
Iron
Alliance
Managing
Director,
Minotaur
Explora3on
Ltd
(ASX:
MEP)
3. Cautionary Statements
This
presenta,on
has
been
prepared
by
the
management
of
Minotaur
Explora,on
Limited
(MEP)
on
behalf
of
the
Braemar
Iron
Alliance,
an
unincorporated
body,
for
the
general
benefit
of
analysts
and
industry
and
does
not
cons,tute
specific
advice
to
any
par,cular
party
or
persons.
Informa,on
herein
is
based
on
publicly
available
informa,on,
internally
developed
data
and
other
sources.
Where
an
opinion,
projec,on
or
forward
looking
statement
is
expressed
in
this
presenta,on,
it
is
based
on
the
assump,ons
and
limita,ons
men,oned
herein
and
is
an
expression
of
present
opinion
only.
No
warran,es
or
representa,ons
are
made
or
implied
as
to
origin,
validity,
accuracy,
completeness,
currency
or
reliability
of
the
informa,on.
MEP
and
Alliance
members
specifically
disclaim
and
exclude
all
liability
(to
the
extent
permiIed
by
law)
for
losses,
claims,
damages,
demands,
costs
and
expenses
of
whatever
nature
arising
in
any
way
out
of
or
in
connec,on
with
the
informa,on,
its
accuracy,
completeness
or
by
reason
of
reliance
by
any
person
on
any
of
it.
Where
MEP
or
the
Alliance
expresses
or
implies
an
expecta,on
or
belief
as
to
the
success
of
future
explora,on
and
the
economic
viability
of
future
project
evalua,ons,
such
expecta,on
or
belief
is
expressed
in
good
faith
and
is
believed
to
have
a
reasonable
basis.
However,
such
projected
outcomes
are
subject
to
risks,
uncertain,es
and
other
factors
which
could
cause
actual
results
to
differ
materially
from
projected
future
results.
Such
risks
include,
but
are
not
limited
to,
explora,on
success,
metal
price
vola,lity,
changes
to
current
mineral
resource
es,mates
or
targets,
changes
to
assump,ons
for
capital
and
opera,ng
costs
as
well
as
poli,cal
and
opera,onal
risks
and
government
regulatory
outcomes.
MEP
and
the
Alliance
disclaim
any
obliga,on
to
advise
any
person
if
it
or
they
become
aware
of
any
inaccuracy
in
or
omission
from
any
forecast
or
to
update
such
forecast.
The following presentation is a visualisation of possible infrastructure solutions to
support potential future iron ore mine developments. Locations nominated for the
provision of infrastructure facilities are for illustration purposes only and should not be
considered viable technical, economic, environmental, social or State solutions for any
future requirements
7. Braemar Iron: The Investment background
1. The Braemar Iron Alliance:
members and objectives
2. The Braemar Iron Formation:
Australia’s next big Iron ore province
3. Mining development scenarios
4. Infrastructure needs:
§ Water
§ Power
§ Rail haulage of concentrates and lump ore
§ Concentrate Slurry transfer
§ Port
§ Sea Freight
5. Investment opportunities
9. Braemar Iron Alliance
The
Braemar Iron Alliance comprises:
The Braemar Iron Alliance will:
Bonython Metals Group
(private)
Define and articulate the demand case to
Carpentaria Exploration
(ASX: CAP)
governments and infrastructure investors
Havilah Resources
(ASX: HAV)
for coordinated common user infrastructure
Minotaur Exploration
(ASX: MEP)
Royal Resources
(ASX: RRL)
to suit the needs of the iron ore mining
Sinosteel PepinNini JV
(SPCM)
industry along the Braemar Iron Formation
11. Braemar Iron: Australia’s next big Iron province
This presentation is based on a range of views held and assumptions made by members of the Braemar Iron Alliance, none of which
are yet supported by definitive feasibility studies into potential development of mineral resources.
The integrated, multi-user infrastructure facilities envisaged herein are hypothetical in nature and scope and there can be no level of
certainty that this or any concept may eventuate
The
term
"Explora(on
Target”
used
herein
should
not
be
misconstrued
as
an
es3mate
of
Mineral
Resources
and
Reserves
as
defined
by
the
JORC
Code
(2004),
and
the
term
has
not
been
used
in
that
context.
It
is
uncertain
if
further
explora3on
will
result
in
the
determina3on
of
a
Mineral
Resource.
Refer
Cl
18
of
the
JORC
Code
(2004).
13. Braemar Iron: Australia’s next big Iron province
The Braemar Iron Formation is a regionally extensive sequence of magnetised sedimentary siltstones, with pervasive beds of magnetite
mineralisation, often up to 300m thick, stretching over a distance exceeding 200km, as shown in red on the Total Magnetic Image
below. Linear strike length of the tightly folded magnetised siltstone layers is well over 300km.
400km
The
Braemar
Iron
Alliance
"Explora(on
Target”
across
the
Braemar
Iron
Forma3on
is
for
25
–
50
billion
tonnes
of
the
magne3te
form
of
iron
15. Braemar Iron: resource development activity
² Iron mineralisation stretches for over 200km from SW of Broken Hill to Peterborough in SA
² The formation straddles the heavy duty E-W rail link to Port Pirie on Upper Spencer Gulf
17. Braemar Iron: the potential mining scale
² Alliance members foresee potential for up to 50
billion tonnes of magnetite iron resources to be
defined through exploration over the next decade
(refer ‘Exploration Target’ disclaimer on earlier slide)
² with scope for say 5 pits each mining 50 million
tonnes of ore p.a. and beneficiating around
10Mtpa of concentrate each
² for total annualised output of ~50Mtpa of blast
furnace quality magnetite concentrates grading
65% - 70% Fe, exceptionally low in impurities
² and with a foreseeable 100 year life of mining
across the Braemar Iron Formation
19. Braemar Iron: Water for 25Mtpa concentrate output
Water Supply scenario:
๏ magnetite processing and magnetic recovery circuits use vast amounts of clean water
๏ process circuits will consume ~50Gl per year (50,000 Mega litres pa or 135 Mega litres per day)
๏ A Desalination plant will be required on Spencer Gulf
๏ 350km transfer pipeline, 1m diameter, plus 3 pump stations to deliver water to process facilities
(BHPB s proposed Desalination facility for
Olympic Dam’s new mine is to supply an
additional 200 Ml/day from Port
Bonython area in Upper Spencer Gulf)
CITIC Desalination Plant Feb 2011
Proposed
Olympic
Dam
Expansion
Desalina3on
Plant,
Point
Lowly,
200Ml
per
day
capacity
photo sourced from www.citicpacificmining.com/en/news/progress-images Source:
ODX
EIS
p136-‐154,
Fig
5.32
20. Braemar :
:
๏
๏ ~50Gl ( 50,000 Mega 135 Mega )
๏ Spencer
๏ 350
BHPB Olympic Dam
200MI
Upper Spencer Bonython
CITIC Desalination Plant Feb 2011
Proposed
Olympic
Dam
Expansion
Desalina3on
Plant,
Point
Lowly,
200Ml
per
day
capacity
photo sourced from www.citicpacificmining.com/en/news/progress-images Source:
ODX
EIS
p136-‐154,
Fig
5.32
21. Braemar Iron: Power for 25Mtpa concentrate output
Power Supply scenario:
๏ power demand of 500MW for 5 mines
(Olympic Dam’s new mine requires additional 650MW of power
generation)
๏ consuming 3,000 GWh pa
(Olympic Dam new mine to consume additional 4,400 GWh pa)
๏ Potential for renewable power supplies from just
north of the Braemar Iron Formation
graphics sourced from www.petratherm.com.au/expmodel.html
๏ potential for geothermal energy from shallow ‘hot
rocks’ nearby at Petratherm s Paralana project
๏ a meshed 275kV transmission NEM network
between Paralana-Port Augusta-Broken Hill,
supplying 500MW into grid
๏ total 1,000km of new HV transmission network
Disclosure:
MEP
holds
an
economic
interest
in Petratherm
(ASX:
PTR)
22. Braemar
:
๏ 500MW
(Olympic Dam 650MW )
๏ 3,000 GWh
(Olympic Dam 4,400 GWh )
๏ Braemar
www.petratherm.com.au/expmodel.html
๏ Petratherm Paralana
๏ Paralana Augusta Broken
275kV NEM 500MW
๏ 1,000 HV
MEP Petratherm (ASX:PTR)
23. Braemar Iron: Transporting iron products to Port
๏ Rail:
• Main continental E-W standard gauge rail line
runs right through the Braemar Iron Formation
• Deposits are a 150km - 300km rail trip to Port
Pirie where a Pellet Plant could be established
• rail line to be upgraded in 2012
• existing spare line capacity of 10Mtpa
• rail access to each mine requires a 35km spur’
• ‘balloon loop required at each mine for train
turn around and 24 hour loading/unloading
• For 25Mtpa ore haul capacity, need;
• 9 train sets each comprising 5 x 4,000hp
Traction locomotives & 162 wagons
• 1990 train trips per year
• 5 hour load/unload turnaround time (max)
• line duplication needed to provide sufficient train
paths beyond 10Mtpa
• need significant stockpile hardstand and
negative pressure storage sheds at Port or Pellet
plant
25. Braemar Iron: Concentrate transfer to Port
๏ Slurry Pipeline:
• Slurry transfer is a cost effective alternative
to rail haulage for a long-term mining
project
• Slurry transfer can be used for concentrate
movements from mine to port
• we envisage a 300km long buried pipeline
to a Pellet plant near Port Pirie or 380km to
a deep water port location
• 25Mtpa requires a 600mm diameter
Concentrate delivery pipe + Return Water
Line
• Example:
✴ Minas Rio iron project, Brazil; 600mm
diameter pipeline is 522km long, to
transport 24.5Mtpa of concentrate
• 2-3 intermediate Pump Stations
• Port Dewatering station & Concentrate
Slurry
loading
via
a
floa3ng
Stockpile
vessel
storage
Photo
courtesy
Royal
Resources
Ltd
• both rail and slurry line solutions could be
used to transport >25Mtpa of concentrate
27. Braemar Iron: Concentrate conversion into Pellets
CITIC Stacker Reclaimer Feb 2011
photo sourced from www.citicpacificmining.com/en/news/progress-images
Pelletisation
๏ Pellet plants are common in China
๏ Concentrate is agglomerated to form pellets for direct injection into a steel making Blast Furnace
๏ Pelletisation adds value to the concentrate product
๏ Pellets are easier to ship (no moisture content), less likely to release fugitive dust emissions
๏ Australia is underweight in downstream value-add components of the steel making supply chain
28. Braemar :
CITIC Stacker Reclaimer Feb 2011
photo sourced from www.citicpacificmining.com/en/news/progress-images
๏
๏
๏
๏
๏
29. Braemar Iron: Port for bulk loading of iron products
Biggest
challenge
to
development
of
new
mines
is
lack
of
bulk
handling
port
infrastructure:
• Port
Adelaide:
capacity
is
only
1.7Mtpa
• Port
Pirie:
capacity
expanding
to
8Mtpa,
but
has
very
shallow
dra`
• Port
Bonython
(proposed):
sub-‐op3mal;
extra
rail
distance
incurs
addi3onal
haulage
charges
Braemar Iron Alliance sees an emerging requirement to berth 200,000 DWT Cape Size’
vessels for sea freight of iron concentrates & Pellets:
ª Minimum 50Mtpa port capacity
ª up to 250 ships loaded per year
ª 6,000tph loading rate
ª 320m long, double sided berth
ª 20m draft accessible in Spencer Gulf
ª Need new deep water port in
Spencer Gulf, south of Port Pirie
ª jetty length ~3km
ª Capital cost around $750 million
35. Mining
Infrastructure
Investment
opportuni3es
on
the
Braemar
Iron
Forma3on
Interested?
Please
see
me
at
the
Minotaur
Explora3on
display
Booth
Andrew
WoskeG,
Spokesman
for
the
Braemar
Iron
Alliance
Managing
Director,
Minotaur
Explora3on
Ltd
(ASX:
MEP)
36. Braemar
Minotaur
Braemar Andrew Woskett
Minotaur (ASX: MEP)
37. and,
there
are….
Mining
Investment
opportuni3es
with
Minotaur
Explora3on
Minotaur
Explora3on
has
a
diverse
resources
project
porjolio.
We
seek
long-‐term
investment
partnerships
to
help
develop
our
resources
and
build
for
wealth
and
prosperity.
Interested?
Please
come
and
talk
to
the
Minotaur
team
at
the
Minotaur
Explora3on
display
Booth
Andrew
WoskeG
Managing
Director,
Minotaur
Explora3on
Ltd
(ASX:
MEP)
38. ……
Minotaur
Minotaur
Minotaur
Andrew
WoskeE
Minotaur
(ASX:
MEP)