Transcript Document

International Mining & Infrastructure Corporation PLC
Unlocking the Value of African Iron Ore
UK Cameroon Trade & Investment Forum | 7 May 2014
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The IMIC team
Executive Management
Haresh Kanabar
Chairman
Ousmane Kane
CEO
James Ward
FD
Khalifa Beyah
COO
 Highly experienced executive, non-executive and advisory team
 Corporate, financial, diplomatic and geo-political expertise
 Track record of running iron ore projects in Africa
Non Executive Directors
Babacar Ndiaye
Rilwanu Lukman
Guoping Liu
Advisory Board
Andrew Buxton
John Negroponte Magnus Ericsson
Carson Wen
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IMIC’s ambition
Shipping the first iron ore ever to be
produced from Cameroon
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IMIC: overview
Innovative approach to unlock the value of iron ore in Africa,
facilitating economic and social development
Infrastructure and offtake are at the forefront of our strategy
We work closely with major Chinese companies and other
partners
Own four, high quality iron ore licences in Cameroon
Quoted on AIM market of London Stock Exchange
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Cameroonian assets
 World class asset at Nkout:
• located 330km from the natural deep sea port;
• 2.5 billion tonnes of indicated and inferred resource
• high grade product of up to 70% Fe
 Potential for early revenues from smaller Ntem project
• Located < 80km from Kribi deep-water port
• 115 million tonnes of initial indicated and inferred resource
• high grade product of up to 70% Fe
 Two further licences: Ngoa and Akonolinga
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Nkout: Pre-feasibility study
Pre-feasibility study at Nkout set for completion in Q3 2014
PFS undertaken by highly experienced and regarded entities
PFS Key roles:
Overall PFS Lead Manager
Hatch
Rail Line and Port Facility Component
CREEC
Geology and Mineral Resource Estimate Component
SRK
Mining Component
AMC
Environmental and Social Impact Assessment
ERM
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Ntem: fast-tracking production
 Plan to transport ore via a slurry pipeline to Kribi
 Potential to use power from locally produced gas
 Existing resource estimate supports production of 4mtpa
 Definitive feasibility study to begin in Q3 2014
 Production could begin within
30-36 months – the first iron ore
ever to be shipped from
Cameroon
 High level study showing
exceptionally low capex and opex
and high returns
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Our experience
IMIC has worked in Cameroon for the past year
Supportive Government committed to developing the
region’s mining resources
Assisted by an attractive mining code
Significant infrastructure projects already delivered and
substantial projects planned
Availability of competitive sources of energy
A stable and supportive environment in which to do business
Kribi Area Development Programme is supportive of Mining
Investment in Cameroon
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Thank you
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