derek fisher: opportunities in western australia (day 2 - session 5: global hotspots)
DESCRIPTION
Day 2- Session 5: Global HotspotsOpportunities in Western AustraliaObjective Capital Global Mining Investment Conference 2010Stationers' Hall, City of London28-29 September 2010Speaker:Derek Fisher - Moly MinesTRANSCRIPT
GLOBAL MININGINVESTMENT CONFERENCE 2010
STATIONERS’ HALL ● CITY OF LONDON ● TUESDAY-WEDNESDAY, 28-29 SEP 2010
www.ObjectiveCapitalConferences.com
Investment Conferences
Opportunities Western Australia Derek Fisher – CEO, Moly Mines
DAY 2 – SESSION 5: GLOBAL HOTSPOTS (PART 1)
Other sponsors & participating organisations:
GLOBAL MININGINVESTMENT CONFERENCE 2010
Lead sponsors:
Media partners:
3MOLYMINESLIMITED
Global Mining Investment Conference28th - 29th September 2010
An Opportunity -Building Two Mines
4Disclaimer
This presentation includes “forward-looking statements” as that term within the meaning of securities laws of applicable
jurisdictions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some
cases beyond Moly Mines’ control. These forward-looking statements include, but are not limited to, all statements other than
statements of historical facts contained in this presentation, including, without limitation, those regarding Moly Mines’ future
expectations. Readers can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,”
“continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “risk,” “should,”
“will” or “would” and other similar expressions. Risks, uncertainties and other factors may cause Moly Mines’ actual results,
performance, production or achievements to differ materially from those expressed or implied by the forward-looking
statements (and from past results, performance or achievements). These factors include the failure to complete and commission
the mine facilities, processing plant and related infrastructure in the time frame and within estimated costs currently planned;
variations in global demand and price for molybdenum and copper; fluctuations in exchange rates between the U.S. dollar and
the Australian dollar; failure to recover the resource and reserve estimates of the Project; the failure of Moly Mines’ suppliers
and service providers to fulfil their obligations under construction, supply and tolling agreements; unforeseen geological,
physical or meteorological conditions, natural disasters or cyclones; changes in the regulatory environment, industrial disputes,
labour shortages, political and other factors; the inability to obtain additional financing, if required, on commercially suitable
terms; and global and regional economic conditions. Readers are cautioned not to place undue reliance on forward-looking
statements. We assume no obligation to update such information.
5
500km
Australian Iron Ore Regions
W e s t e r n A u s t r a l i a
N o r t h e r nT e r r i t o r y
Q u e e n s l a n d
N e w S o u t hW a l e s
V i c t o r i a
T a s m a n i a
S o u t h A u s t r a l i a
A u s t r a l i a
Pilbara
Yilgarn
South AustraliaMidwest
Pilbara Premier producing region + 350Mt in 2009 +600Mt in 2015 Numerous stranded deposits
Midwest Emerging production region Planned new port & rail
development (Oakajee) 5Mt in 2009 (Geraldton) ~45Mt in 2015 (Oakajee &
Geraldton)
Yilgarn Exports through Esperance Kwinana port redevelopment 8Mt in 2009 (Esperance) ~30Mt in 2015 (Esperance &
Kwinana)
South Australia Oldest production in Australia Needs port & rail for expansion
S p i n i f e x R i d g e M o
P e r t h
6
Spinifex R idge Mo
Pilbara Region – Western Australia
50km
Marble Bar
Port Hedland
Newman
Paraburdoo
Pannawonica
RoebourneKarratha
Dampier3 2
1
BHPFMGRio Tinto
Railway Lines Railway Lines
4
5
Balmoral South
Cape Lambert
Balla Balla
Poondano
Ridley
Spinifex Ridge Iron
Abydos (Atlas Iron)
Wodgina
Abydos (Giralia)
Mt Webber
McPhee Creek
Nullagine
Roy Hill
1
2
3
4
5
6
7
8
9
10
11
12
13
Iron Ore ProjectsIron Ore Projects
Marillana
Phils Creek
FerrAus
Mindy Mindy
Hope Downs
Western Turner
Rocklea
Brockman 4
West Pilbara
Western Creek
Blacksmith Iron
Solomon Deposits
Western Hub Deposits
Daltons
14
15
16
17
18
19
20921
22
23
24
25
26
27
Deepwater PortsDeepwater Ports
1
2
3
Port Hedland
Cape Lambert
Dampier
1
3
4
5
6
78
910 11
12
1314
15
16
1718
20
1921
22
23
24
25
26
2
27
Iron Ore MinesIron Ore Mines
BHP Billiton
Fortescue (FMG)
Rio Tinto
Atlas Iron
Citic Pacific
4
5
Anketell Point Port
Cape Preston
FMG (Proposed)Hancock (Proposed)API (Proposed)
Tom Pr ice
7Pilbara Region – Western Australia
1
2
3
4
5
6
7
8
9
10
11
12
13
Iron Ore ProjectsIron Ore Projects
14
15
16
17
18
19
20921
22
23
24
25
26
27
Balmoral South
Cape Lambert
Balla Balla
Poondano
Ridley
Spinifex Ridge Iron
Abydos (Atlas Iron)
Wodgina
Abydos (Giralia)
Mt Webber
McPhee Creek
Nullagine
Roy Hill
Marillana
Phils Creek
FerrAus
Mindy Mindy
Hope Downs
Western Turner
Rocklea
Brockman 4
West Pilbara
Western Creek
Blacksmith Iron
Solomon Deposits
Western Hub Deposits
Daltons
Name Owner Resource (Mt)
1600
1560
455.9
10
2010
7
22.7
42.7
40
44
52.1
89.1
2420
1630
15.1
191
-
1450
60
89
35
742
52.4
511
2450
-
40
Capacity (Mtpa)
12
15
6 – 10
1 - 2
15
1
3
2 – 3.6
3
3
-
3 - 5
55
15 – 25
1.5
10
-
30
-
10
-
30 - 40
-
-
60 – 160
-
2
Type
M
M
M
H
M
H
H
H
H
H
H
H
H
H
H
H
-
H
H
H
H
H
H
H
H
H
H
Deposit Type, M = Magnetite, H = Hematite
Spinifex R idge Mo
50km
Marble Bar
Port Hedland
Newman
Paraburdoo
Pannawonica
RoebourneKarratha
Dampier3 2
1
4
5
1
3
4
5
6
78
910 11
12
1314
15
16
1718
20
1921
22
23
24
25
26
2
27
Tom Pr ice
8Port Hedland - Overview
Airport
Port Hedland
South HedlandGre
at
Northern
Highway
4
3
2
1
1
4
5
6
7
89
Proposed OuterHarbour Development
FMG
Sh
ip
Loa
din
g C
onve
yor
Berths \ Wharfs - Existi ng Berths \ Wharfs - Existi ng
Publ ic
Finucane Island
PHPA1
PHPA3 - Dampier Salt
Nelson Point
Anderson Point
Name Operator
2
3
1
2
3
4
5
Berths \ Wharfs - Existi ng Berths \ Wharfs - Existi ng
Publ icUtah Point (Public)
Harriet Point – RGP5
Burgess Point - RGP6
South West Creek
FMG Extensions
Name Operator
106
7
8
9
10
Wharfs Faci l ity Handling AreasWharfs Faci l ity Handling Areas
Publ ic
BHP - Finucane Island
BHP – Nelson Point
FMG
Utah Point
Name Operator
FMG Ra i lway
BH
P R
a ilw
ay
BHP Ra i lway
B H P Ra i lw a y
1
2
3
4
9Port Hedland – Existing & Future Berths
Berths \ Wharfs - Existi ng Berths \ Wharfs - Existi ng
Port Hedland
BH
P R
ailw
ay
BHP Rai lway
Shipping
Chan
nel
FMG
Sh
ip
Load
ing
Conv
eyor
12
3
4
5
6
7
9
10
8
Publ ic
1
2
3
4
5
Finucane Island
PHPA1
PHPA3 - Dampier Salt
Nelson Point
Anderson Point
Name Operator
Berths - Under Constructi on Berths - Under Constructi on
Publ ic6
7
Utah Point
Harriet Point
Name Operator
Berths - Proposed Berths - Proposed
8
9
Burgess Point
South West Creek
FMG Extensions
Name Operator
10
10Port Hedland – Port Infrastructure
Nelson Point BHP
Nelson Point BHP
Finucane IslandBHP
Finucane IslandBHP
Anderson Point FMG
Anderson Point FMG
11Port Hedland – Nelson Point (BHP)
12Company Overview – Building Two Mines
Spinifex Ridge Iron Ore Project Construction near complete
Iron ore shipments commence Q4 2010
Strong project cashflows
Spinifex Ridge Molybdenum Project US$500M Project Finance Loan Facility
due 30 September 2010 (extension under review) to fund immediate construction
Funding secured through major strategic shareholder
Mt Newman (Fe)
Woodie Woodie(Mn)
Telfer(Au, Cu)
Paraburdoo (Fe)
Tom Price (Fe)
Marble Bar
Nifty (Cu)
Port Hedland
Dampier
Broome
Spinifex Ridge
Yarrie (Fe)
100kms
Karratha
W e s t e r nA u s t r a l i a
1
95Cloudbreak (Fe)
Major Road
Rail
Major Port
Gas Pipeline
Australia 1
Strategic partner cornerstone growth plans Vision to build a major world class
mining group
Hanlong Group US$5 billion investment pool
13Sichuan Hanlong Group
Privately owned
Resource Interests – Zn, Mo, Cu, Coal, Au
Electricity production, infrastructure development, pharmaceutical production, food and alcoholic beverages, real estate development, environmental technology, tourism development and high tech industries
RMB 9.5 billion revenue 2008 (A$1.5 billion)
12,000 employees
Moly Mines Limited
Hanlong VisionMoly Mines Limited International Mining House
Major world Mo company
14Corporate Overview
Capital Structure at 30 June 2010
ASX/TSX Ticker MOL
Market Cap A$250M
Ordinary Shares 363.9M
Unlisted Options 79.2M
Cash A$58M
Surplus Assets A$30M
10 Year Shareholder Loan US$60M
Shareholders
Hanlong Group 56.9%
Australian Register 31.9%
Canadian Register 11.2%
Unlisted Options
Hanlong Group 35.5M
TCW 23.8M
Institutions 14.0M
Employees 5.9M
15Spinifex Ridge Location
Moly Mines Limited
Mt Newman (Fe)
Woodie Woodie(Mn)
Telfer(Au, Cu)
Paraburdoo (Fe)
Tom Price (Fe)
Marble Bar
Nifty (Cu)
Port Hedland
Dampier
Broome
Spinifex Ridge
Yarrie (Fe)
100kms
Karratha
W e s t e r nA u s t r a l i a
1
95Cloudbreak (Fe)
Major Road
Rail
Major Port
Gas Pipeline
Australia
1
16Tenure
Spinifex Ridge Iron Ore Project
Felsics
Basalt
Granite
Granite
Granite
Ultramafic
Iron Formation
Basalt
Ultramafic
Basalt ML – Mining Leases
GPL – General Purpose Lease
EL – Exploration Licence
Basalt
Basalt
Basalt
Rockchip Sample
1.5kms
56.1% Fe
55.2% Fe
61.4% Fe 61.9% Fe
59.2% Fe
Iron Formation61.6% Fe
55.1% Fe
60.2% Fe
55.8% Fe
64.7% Fe
Iron Ore ResourceIron Ore Resource
5.3 Mt @ 59% Fe5.3 Mt @ 59% Fe
Molybdenum-Copper ResourceMolybdenum-Copper Resource
652Mt @ 0.05% Mo, 0.08% Cu652Mt @ 0.05% Mo, 0.08% Cu
17Integrated Project Development Schedule
Construction
Operations & “FOOS”
Fe Sales
Hanlong Investment
US$500m Drawdown and Construction
Commissioning
Mo/Cu Sales
Iron Ore Project
Moly Project
2010 2011 2012 2013 2014
18
Spinifex Ridge Iron Ore Project
19Spinifex Ridge Site Layout
Waste Dump
ROM Pad,Crushing,Ore Stockpile
Ramp down ridge
Port Hedland (170kms)
Marble Bar(50kms)
NORTH
Spinifex RidgeMolybdenum-CopperDeposit (500m)
430m
Spinifex Ridge Iron Ore Project
DalekDalek
AutonAuton
GallifreyGallifrey
4.3 Mt @ 59.2% Fe4.3 Mt @ 59.2% Fe
Ore ReserveOre Reserve
20Resource / Reserves & Permitting Status
Resource tonnes Fe(%)
SiO2(%)
Al2O3(%)
P(%)
S (PPM)
LOI(%)
Indicated 5,310,000 58.4 9.3 1.6 0.145 113 4.7
Inferred 2,330,000 57.9 13.4 0.8 0.114 52 2.8
50% Fe cut-off
Mining leases granted
Environmental approvals in place
Mining proposal approved
Initial port access agreement in place
Reserve tonnes Fe(%)
SiO2(%)
Al2O3(%)
P(%)
S (PPM)
LOI(%)
Proven 4,334,000 59.2 8.0 1.8 0.13 122 4.9
Spinifex Ridge Iron Ore Project
21Construction Near Complete
Haul roads established
Water pipelines laid
Camp procured
Mining contracted
Crushing/screening contracted
Plant commissioning – mid October
Capital cost: <$15M
Spinifex Ridge Iron Ore Project
22Commencement of Mining
Moly Mines Limited
23Operations
Mining - BGC Contracted
Mobilize mid September
Mining rate 1MT/A capable of immediate expansion to 1.4MT/A
Crushing – Rapid Crushing Contracted
Mobilize plant October
Haulage – near term award First haulage mid November
Port – Utah Point, Port Hedland
Handover 6 November 2010Spinifex Ridge Iron Ore Project
0
10
20
30
40
50
60
70
2010 2011 2012 2013 2014 2015
Operating Cost Mine Gate US$/T - FOB
Life of mine operating cost FOB: US$47/T
First ore shipment – December 2010
24Sales
Offtake Hanlong
Steel mills
Forecast Fe prices strong CRU group forecast current spot
prices to remain firm through 2013/2014
Spot FOB price(1): US$129/T
Strong project cashflows support moly project development
(1) Platts IODEX 62% Fe CFR North China 3 September 2010, adjusted for capesize freight
Spinifex Ridge Iron Ore Project
Moly Mines stockpile area at Utah Point, Port Hedland
On track for handover 6 November 2010
25
China Information
Spinifex Ridge Molybdenum ProjectTransportation of mill sections, Perth
26
Molybdenum – a metal for our time
Supply No new supply sources – existing by-product
producers at full capacity
The world needs new primary molybdenum mines
Large new mines need high molybdenum prices and strategic partners to be funded
Prices Found a floor at US$15.00/lb
Limited western world demand through GFC
China currently the dominant player and net importer
Limited global stocks
End 2008 and early 2009 price levels prove unsustainable as higher cost marginal produces in China withdraw from market
Demand Global consumption 2009: 437M lb
Consumption grew at 8.2% 2002-2008 before contracting in 2009
Stainless steel
Energy applications
27
Conventional open pit
Pit design has been optimised to maximise grades early and to fit processing requirements
Favourable mining characteristics:
Deposit is porphyry with continuous mineralization
Minimal grade control or dilution issue – low grade halo de-risks mining
Minimal requirement for selective mining
Mining fleet based on conventional open-pit mining equipment:
Specified equipment or alternatives can be readily mobilised by contractors
Conventional comminution and flotation processing
Dry stack tailings – operational/environmental advantages
Low-Risk / Low Cost Open Pit Mining
HighlightsHighlights
Waste 3
Waste 2
Waste 1
Pit
ROM
Plant &Administration
Dry Stack Tailings
Mo Camp / Village
Pit Office/Workshops
Port Hedland (170kms)
NorthNorth
Tunnel
Airstrip
Creek DiversionChannel
High GradeStockpile
High GradeStockpile
Low GradeStockpile
Low GradeStockpile
Australia
Mo \ Cu Pit
Spinifex Ridge Molybdenum Project
Fe Pits
28Reserves and Mineral Resources
Spinifex Ridge Molybdenum Project
Reserves
JORC / NI43-101 classification Mt Mo% Cu% Ag g/t MoEq%1
Proven reserves 199.7 0.06 0.10 1.5 0.09
Probable reserves 251.1 0.04 0.07 1.1 0.06
TOTAL 450.8 0.05 0.08 1.3 0.07
Resources
JORC / NI43-101 classification Mt Mo% Cu% Ag g/t MoEq%
Measured resources 206.8 0.06 0.10 1.5 0.09
Indicated resources 445.4 0.04 0.07 1.1 0.06
TOTAL 652.2 0.04 0.08 1.2 0.07
Inferred resources 399.0 0.04 0.07 1.1 0.06 Note—Reserves are a sub-set of Resources0.02% Mo cut-off assumed for resources0.03% Mo cut-off assumed for reserves
Relative CompetitivenessRelative Competitiveness
Top 5 primary molybdenum resource globally by contained metal
Mo Equiv. reserve grade is comparable to other western world primary molybdenum projects
Complemented by Iron Ore Fully permitted ready to
build
1 – Mo equivalent calculated on contained metal @ 4QCY09 average metal prices
First 10 yrs0.10%45 yr mine life
Capacity for life extension &
expansion
29Phase 1 – Startup Project
10 Mtpa
Initial head-grade – 0.07% Mo, 0.11% Cu (1st 10 years)
12-13 Million lbs Mo per year
Utilizes large scale equipment purchased for 20 Mtpa plant
20 month construction period from full project funding
Capital cost - A$528M – A$558M (plus A$70M for power
station if not financed by 3rd party)
Operating cost US$7.20/lb (1) (first 10 years – mine gate)
10 Mtpa Resource Pit Shell
20Mtpa ResourcePit Shell
0.04% Mo Shell 0.09% Mo Shell- High Grade Core
0.02% Mo Shell
Source: NI43-101 Technical Report dated 25 August 2009
(1) – At commercial production.
30Long Lead Equipment Orders Completed
Spinifex Ridge Molybdenum Project
31Economics – High and Low Case Scenarios
10 Mtpa Case
Price Scenario EBITDA (A$M) Pre-tax NPV (A$M) Pre-tax IRR (nominal converted)
US$30/lb 455 1,599 30.8
US$23.6/lb (3 Year Average) 319 847 23.2
US$20/lb 243 434 18.5
Expansion Case (to 20 Mtpa)
Price Scenario EBITDA (A$M) Pre-tax NPV (A$M) Pre-tax IRR (nominal converted)
US$30/lb 720 2,466 34.1
US$23.6/lb (3 Year Average) 485 1,332 25.8
US$20/lb 354 709 20.4
Financial analysis based on 20 Mtpa DFS and 10 Mtpa Scoping Study Moly Mines believes long term molybdenum prices required to be > US$20/lb to support new
primary mine development and meet projected supply shortfall
Source: NI43-101 Technical Report dated 25 August 2009 adjusted for forward curves
32
Mo and Fe Forecast Project Cashflows…..this decade
(50)
0
50
100
150
200
250
300
350
400
450
0
5
10
15
20
25Operating Cash Flow (A$M)Production (Mlb's/T's)
Mo Production (Ib)Fe Production (Tonnes)Annual Operating Cash Flow (A$)
Fe production starts Mo production starts
Mo production continues for 20+ years
Mo cashflow continues
33Experienced Team
Board of DirectorsBoard of Directors
Over 40 years of worldwide experience in the resource industry, more than 20 years experience as a manager of publicly listed resource companies, in addition to serving as a director of mining companies that developed mines in Australia, Mongolia, Armenia and the DRC.
Over the past 10 years Mr. Liu has built the Sichuan Hanlong Group into a modern and international company . He is well known fort his philanthropic work and has been awarded national recognition. Mr. Liu was named one of the 10 most influential people on the economy of Sichuan in the past 30 years.
Mr. David Craig - ChairmanMr. David Craig - Chairman
An experienced businessman and lawyer, who has held and holds Executive and Board positions in the fields of law, financial services and the resources industry. Appointed as Chairman in 2009
Dr. Derek Fisher – CEO/Managing DirectorDr. Derek Fisher – CEO/Managing Director
Mr. Liu Han – Non-Executive DirectorMr. Liu Han – Non-Executive Director
Over 25 years investment banking experience having held senior executive roles with Merrill Lynch and UBS in New York and London.
Mr. Michael Senft - Independent Non-Executive DirectorMr. Michael Senft - Independent Non-Executive Director
Mr. Liu has appointed Mr. Chen as his alternate director. Mr Chen holds postgraduate degrees in finance and accounting and is fully bilingual. He brings with him extensive cross cultural professional experience.
Mr. Nelson Chen – Alternate Non-Executive DirectorMr. Nelson Chen – Alternate Non-Executive DirectorA experienced executive with responsibility for a broad portfolio of companies including mining, infrastructure, LPG, pharmaceuticals and property development.
Mr. Sun Xiaodong – Non-Executive DirectorMr. Sun Xiaodong – Non-Executive DirectorHolds a Bachelor of Business Administration with Honors from the University of Texas at Austin. Mr. Zhmurovsky is the Senior Vice President within the Energy and Infrastructure Group at TCW.
Mr. Andy Zhmurovsky – Non-Executive DirectorMr. Andy Zhmurovsky – Non-Executive Director
Over 15 years experience in finance and investment working for globally recognised investment banks and financial organisations.
Skilled in capital utilisation and industry integration with extensive global M&A experience.
Mr. Steven Xiao – Executive DirectorMr. Steven Xiao – Executive Director
A mechanical engineer with 40 years experience in the mining and construction industries in Southern Africa, Australia, New Zealand, Canada and Indonesia.
Mr. David Nixon – Independent Non-Executive DirectorMr. David Nixon – Independent Non-Executive Director
Moly Mines Limited
34
Key ManagersKey Managers
Mr. Collis Thorp – Chief Operating OfficerMr. Collis Thorp – Chief Operating Officer
40 years mining experience, having operated and managed open-pit and underground mines in Australia and internationally. Experience covers precious, base and specialty metal operations, including gold, tin, tungsten, titanium and zircon.
Andrew is a qualified accountant with a Bachelor of Commerce (Accounting and Finance) from the University of Western Australia. Over 16 years corporate, finance and company secretarial experience in the resources industry commencing with Arthur Andersen Chartered Accountants and spending the last 12 years in senior management positions within mining houses.
Mr. Andrew Worland – Company Secretary , General Manager Commercial & Marketing
Mr. Andrew Worland – Company Secretary , General Manager Commercial & Marketing
John is a Chartered Accountant and holds a Bachelor of Science Honours in Mathematics with Applications from Southampton University. John has held mine accountant, commercial manager roles and financial controller roles since 1989 and has held CFO or Company Secretary roles for Australian and AIM listed companies since 2004. Previously held positions with Barrick Gold, Wiluna Mines & Cable Sands.
Mr. John McEvoy – Chief Financial OfficerMr. John McEvoy – Chief Financial Officer
Mike holds a Bachelor of Science, Mining Engineering, University of Newcastle Upon Tyne, England, a WA Unrestricted Quarry Managers Certificate and a Northern Territory Mine Managers Certificate. Over 30 years of mine management and operations experience in iron ore, manganese and gold for companies including Hamersley Iron (now Rio Tinto) and Dominion Mining. Over 10 years in executive management positions with major mining contractors such as Henry Walker, Boral and Brambles.
Mr. Mike Gloyne – General Manager OperationsMr. Mike Gloyne – General Manager Operations
Experienced Team – Management
Mr. David Pass –Manager MetallurgyMr. David Pass –Manager Metallurgy
Mrs. Barbara Kwiecien –Manager Land AdministrationMrs. Barbara Kwiecien –Manager Land Administration
Mr. Graeme Kininmonth –Manager Health & Safety and Environment
Mr. Graeme Kininmonth –Manager Health & Safety and Environment
David holds a Bachelor of Science and a double major: Extractive Metallurgy and Chemistry from Murdoch University, Western Australia and has over 25 years hard rock mining experience. Prior to joining Moly Mines David spent 12 years with Placer Dome’s (now Newmont Mining) Granny Smith operation holding senior metallurgist, plant operator and processing manager positions. David has also held senior metallurgical roles at Plutonic Gold Mine and with BP Mineral Australia.
Graeme holds a Bachelor of Science from Australian National University and has over 30 years experience including management of project approvals processes in senior environmental and site management positions for Straits Resource ,Sons of Gwalia and Cable Sands.
28 years of international experience within land and tenure administration and land access negotiations. An accredited mediator, she has facilitated her work internationally, specifically with indigenous people.
Ms. Xu ChuanmeiMs. Xu Chuanmei
MA Degree from China University of Geosciences. Ms Xu has extensive experience working with Chinese and international resource sectors, and is highly skillful in intercultural communications and negotiations. She also specialises in international trade and marketing.
Moly Mines Limited
35Competence and Responsibility
Iron OreThe information in this presentation that relates to drill data and geological interpretation is based on information compiled by Mr Ben Cairns who is a Member of the Australian Institute of Geoscientists. The information in this presentation that relates to Mineral Resources is based on information compiled by Mr Clay Gordon who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Cairns is a full-time employee of the company and Mr Gordon is employed by Mining Assets Pty Ltd.
Both Mr Cairns and Mr Gordon have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Both Mr Cairns and Mr Gordan are Qualified Persons within the meaning of such term under National Instrument NI43-101 . Mr Cairns and Mr Gordon consent to the inclusion in this presentation of the matters based on their information in the form and context in which it appears.
The information contained in this presentation that relates to Mineral Reserves is based on information compiled and verified under the supervision of Mr Roger Pooley who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Pooley is a Senior Mining Consultant with SRK Consulting (Australasia) Pty Ltd, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Qualified Person for purposes of National Instrument 43-101 and as a Competent Person as defined in the 2004 edition of The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves under JORC.
Mr Pooley consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears in this document.
Molybdenum CopperThe information in this release that relates to drill data and geological interpretation is based on information compiled by Dr Derek Fisher, Mr Ben Cairns who are Members of the Australasian Institute of Mining and Metallurgy. The information in this release that relates to Mineral Resources is based on information compiled by Mr Clay Gordon who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Dr Fisher is employed by Trillium Investments Pty Ltd which is contracted to provide management services to Moly Mines, Mr Cairns is a full-time employee of Moly Mines and Mr Gordon is employed by Mining Assets Pty Ltd.
Each of Dr Fisher, Mr Cairns and Mr Gordon have sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. They consent to the inclusion in this release of the matters based on their information in the form and context in which it appears.
Moly Mines Limited
36
50 Kings Park Rd, West Perth, WA, 6005, AUSTRALIA
Telephone: +61 8 9429 3300 Fax: +61 8 9429 3399
Telephone: +1 416 371 7541
Email: [email protected]
Website:
http://www.molymines.com
Stock market codes: ASX:
MOL, TSX: MOL, FWB: HJ1
Moly Mines Contact Details
Other sponsors & participating organisations:
GLOBAL MININGINVESTMENT CONFERENCE 2010
Lead sponsors:
Media partners: