An Introduction to Kiruna Iron for. 8th Fennoscandian Exploration and Mining FEM 2011

Transcription

1 An Introduction to Kiruna Iron for 8th Fennoscandian Exploration and Mining FEM 2011

2 Disclaimer This Document and the information contained herein and any presentation (collectively referred to as Information ) is proprietary to Scandinavian Resources Limited/Kiruna Iron Aktiebolag ( the Company ). Potential investors must make their own independent assessment and investigation of the opportunity and should not rely on any statement or the adequacy or accuracy of the information provided. Securities of micro cap exploration companies, typically involve a high degree of risk and as such, any investment in the Company must be considered as speculative. The Information provided does not purport to cover all relevant information about any potential investment in the Company. Accordingly potential investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of this investment. The Document contains reference to certain intentions, expectations and plans of the Company. Those intentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may not be met or on which views may differ. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company or any of their respective directors, employees, agents, advisers and consultants that any intentions, expectations or plans will be achieved either totally or partially or within a prescribed timeframe or that any particular rate of return will be achieved. The Information disclosed relates to the proposed business of the Company at the date of this Document. Material information may have changed since the date the Document was compiled. No responsibility is accepted to advise any person of any change or update any of the Information. Neither the provision of this Document nor any information contained in this Document or subsequently communicated to any person in connection with this Document is, or should be taken as, constituting the giving of investment advice to any person. By accepting this Document you acknowledge and agree to be bound by each of the foregoing statements. 2

3 CORPORATE STRUCTURE 2007 Scandinavian Resources Ltd (ASX:SCR) Incubating minerals projects from public and private databases % Scandinavian Resources AB Precious & Base Metals % Kiruna Iron AB Bulk Commodities 3

4 SCANDINAVIAN RESOURCES LTD - DIRECTORS Damian Hicks Chairman Founding director Founding director of Hannans Reward Ltd in 2002, currently Managing Director Bachelor of Commerce (Accounting & Finance) from University of Western Australia Admitted as Barrister & Solicitor in Western Australia Olof Forslund Technical Director Founding director Geophysicist with extensive international experience in the mineral exploration industry Majority of career with Geological Survey of Sweden (SGU); commenced in 1966 Previously Regional Manager of SGU Mineral Resources Information Office Ian Gregory Director & Company Secretary Over 25 years experience in the provision of company secretarial services in the exploration, mining, mineral processing, and other industries Paul Thomas Non-Executive Director Metallurgist in the mining industry for 25 years Managing Director of OM Holdings Ltd s (ASX: OMH) subsidiary, OM Manganese Markus Bachmann Non-Executive Director Corporate finance professional and founding partner of Craton Capital Craton Capital awarded Fund Manager of the Year at the Mining Journal s Outstanding Achievement Awards during December

5 INCUBATION & OWNERSHIP Kiruna Iron AB has been incubated by the Team at Scandinavian Resources Ltd (ASX:SCR) Kiruna Iron AB is striving to become a producer of Premium quality iron products 5

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7 Aggregate significant quantities of iron within the world-class Kiruna District, Sweden STRATEGY Mine iron from a number of Mt iron deposits within 80km of Kiruna Produce a premium quality iron concentrate Transport the concentrate to customers in Europe, Middle-East and Asia via road, rail and or sea Ice breakers in Port of Lulea Rail at Port of Lulea 7

8 KIRUNA DISTRICT - UNDEREXPLORED Kiruna Iron AB is the largest permit owner in the Kiruna District Minimal exploration completed in Kiruna since SGU completed the Iron Ore Inventory Program (IOIP) in 1960/70 s diamond drilling and geophysical surveys Kiruna Iron AB has secured majority of IOIP iron occurrences and has access to SGU diamond drill core and geophysical data significant time & cost savings 8

9 KIRUNA IRON S DEPOSITS Mineral deposits within Kiruna Iron AB s permits Tjårrojåkka Åkosjegge 9

10 KIRUNA IRON AB A MAJOR PERMIT POSITION 10

11 Cooperation Agreement with Boliden Mineral AB 6 September 2011 Acquires Iron Project from Grängesberg Iron AB 8 June 2011 Acquires Rakkuri Project from Anglo America and Rio Tinto 15 November 2010 JV with Tasman Metals 28 June 2010 ACHIEVEMENTS SINCE IPO IPO, initial public offering 21 April

12 FINANCIAL ADVISERS APPOINTED continues growing Kiruna Iron Project with the strong support of publicly listed on Toronto and London exchanges with a market capitalisation of USD1.2 Billion operations in Canada, the United States and China strong financial position with USD954 Million in cash and cash equivalents completed 650 financings since 2010 worth over USD45 Billion including 171 mining financings worth over $8.6 Billion offices across Norway, as well as in Stockholm, Malmö, New York and Singapore #1 ranked manager of IPOs and listings on Oslo Børs having managed ~70 IPOs and listings since 2005, corresponding to ~40% market share recently acquired the Swedish investment banking arm of the Öhman group 12

13 TECHNICAL USD125M SRK engaged as an independent specialist to provide BDO with an opinion on the technical valuation of mineral assets of SCR SRK considers that the Technical Value of the proportion of the Assets held by SCR lies in the range of USD77m to USD143m SRK s preferred value is USD125m, which reflects a value closest to the Comparable Transaction valuation and also incorporates consideration of the Past Expenditure valuation of the Early Stage Exploration Target asset group 13

14 One twin hole and seven exploration holes completed. Twin hole RJO11002 returned 51% Fe from 213m, 47% Fe from 301m and 37% Fe from 327m. Exploration hole RJO11001 returned 23m@ 43% Fe from 88m and 36% Fe from 121m. Exploration hole RJO11003 returned 46m@31% Fe from 266m. Mineralisation currently open at a depth of >400m IRON ORE DEPOSIT AT RAKKURIJOKI ASX announcement 13 July 2011 JORC Inferred resource 39.7% Fe, 0.28% P, 0.89% S 1 4

15 HIGH GRADE IRON Platey hematite from Harrejaure Project 15

16 INFERRED AND INDICATED RESOURCES Indicated resources JORC ASX announcement 29July 2011 Inferred resources JORC 1 6

17 Inferred and indicated resources 1 7

18 VALUE PROPOSITION COMPANY TONNES (Mt) IRON GRADE (%) MARKET CAP (A$M) LOCATION STAGE / LISTED EXCHANGE NOTES Scandinavian Resources Ltd Northland Resources Inc Indicated Resources 73.8Mt Inferred Resources 338.3Mt 176 (Reserves) (fully diluted) Northern Sweden Northern Sweden Explorer ASX:SCR Developer TSX:NAU Minimal exploration since 1970 Located adjacent to Kiruna town and rail infrastructure No off-take agreements OMH own 16% of SCR Intensive exploration during last 5 years DFS for Kaunisvaara Plan to truck ore 150km to rail head en route to Narvik Off-take agreements with Standard Bank, Stemcor and Tata Steel Project finance in place Fully permitted Northern Iron Ltd 623 (Resources & Reserves) Northern Norway Miner ASX:NFE OMH own 16% of NFE LKAB Northern Sweden Major Miner International high-tech minerals group One of the world s leading producers of upgraded iron ore products s Table dated 2 September

19 Other Projects Currently more than 15 additonal iron targets are being worked up including Gäddmyr, Karanisvare, Tjåorika, Hotnjos, Kuosatjvare, Pattok, Teltaja, Kevus, Tervakoski, Leppäjoki, Holmajärvi Södra, Saivo, Rappakojärvi, Staggotjåkka, and Eustillako. 19

20 Thank you for your attention! Hans Lindberg 2011 Hans Lindberg 2011 Hans Lindberg 2011 Amanda Arrowsmith, Exploration Manager, on her way to Harrejaure (left) Damian Hicks, Chairman, and Markus Bachmann, Director, at Sautusvaara (centre) Future employee (right) 20

21 CONTACT DETAILS 21