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Renato Couto Gomes, President and CEO, Atlantica Mining delivered this presentation at the 2013 Americas Iron Ore conference. Americas Iron Ore is one of the most respected annual gatherings for North and South American iron ore markets. The agenda features iron ore industry and market developments; new project developments and expansions in North and South America; overview of steel demand; iron ore spot market price; infrastructure and transport challenges and investment opportunities. After five successful editions, the Americas Iron Ore Conference consolidates as the largest meeting place for executives and professionals of the steel and iron ore industry in the region. For more information, please visit the conference website: https://www.immevents.com/mining-conference/americas-iron-ore-conference
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ADVANCING BRAZIL’S NEW IRON ORE FRONTIER
IRON FORMATION
AND MAGNETITE PROJECTS 85 KM AWAY FROM DEEP-SEA PORT
November 2013
Exclusive ownership of over 70,000 hectares of claims
60 km away from coast
Very good infrastructure:
Close to abundant energy (Xingó Hydroelectric, 3.1MKW)
Crossed by railroad to port, operational in 2014 (1.6m gauge)
Abundant water (pumped from São Francisco River’s 3,000m3/s
flow)
All roads are public/free, paved and in well kept conditions
Experienced fulltime management team situated in the region
State government support for infrastructure, port access, tax-free
export production zone around port, and tax breaks
SUMMARY
LOCA
TION
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INFR
ASTR
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XINGÓ HYDROELECTRIC – S. FRANCISCO
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TRANSNORDESTINA RAILROAD
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BR-101 HIGHWAY
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SERIGPE & MACEIÓ PORT
JOINT VENTURE
FOMENTO RESOURCES
Mineral processing.
Mining exploration. Mining operations.
Fully integrated logistics.
FOMENTO RESOURCES
Total sales tonnage.
Atlantica Geo. Mineração [Phase 1:
73% Atlantica + 27% Fomento Phase 2:
51% Fomento + 49% Atlantica]
Columbia Exploração Mineral [100% Atlantica Mining]
Tenements + Personnel
Capital+ Know-How
JOINT VENTURE - STRUCTURE
MINERAL ASSETS
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ALAGOAS’ PROJECTS
Magnetite-rich Iron Formations (BIF & iron stone)
Ground mag over 500km by Scan Consultoria
Data interpretation & modelling by Reconsult & Scan
RC and DC drilling, establishing geophysical model
Campo Grande: Average 35-40% Fe grade, concentrated Fe +68%Excellent regional infrastructure
Campo Alegre: DSO potential, average Fe 45%
Aerial geophysics - 500m grid from 120m high (Campo Alegre proj.)
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GROUND GEOPHYSICS CAMPO GRANDE
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GROUND GEOPHYSICS CAMPO ALEGRE
H-H and G-G Cross-Sections
Alagoas Sul Project Pedra Sul Target
• 450m drilling campaign in 4 holes successfully established the geophysical model
• One hole was inconclusive because it was positioned off the mineralized body
• Results of the drilling campaign indicate the need for further work on the target,
preferably at a larger scale and with the use of diamond core drilling to also
ascertain the target’s iron ore grades
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PRELIMINARY RC DRILLING
• 5,000m drilling campaign throughout projects Campo Alegre and Campo Grande
• First holes in Campo Grande project reconfirm geophysics
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ONGOING DC DRILLING
Geology
Mineralization interspersed with Metasediment and Metavolcanic rocks
Very low contaminants
Magnetite average ~0.8-1.0 SI (magnetic susceptibility)
Aaverage grades 35-45% Fe
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GEOLOGICAL CHARACTERISTICS
Magnetite BIF Specularite & Quartz
Hematite BIF Magnetitite – mag susceptibility 23
SAMPLE PICTURES
Description Wt. Rec. % Fe %
Magnetics 42.0 67.3
Non-Magnetics 58.0 3.6
Head 100.0 30.4
Sample from 140m:
Description Wt. Rec. % Fe %
Magnetics 30.0 68.5
Non-Magnetics 70.0 3.00
Head 100.0 22.7
Sample from 85m:
Description Wt. Rec. % Fe %
Magnetics 52.0 68.5
Non-Magnetics 48.0 7.70
Head 100.0 39.31
Sample 1: Ita-4 Alto das Pedras target
Description Wt. Rec. % Fe %
Magnetics 48.0 68.9
Non-Magnetics 52.0 6.6
Head 100.0 36.5
Sample 2: Ita-4 Pedras Sul target
Description Wt. Rec. % Fe %
Magnetics 12.0 67.1
Non-Magnetics 88.0 16.8
Head 100.0 22.8
Sample 3: Campo Grande target
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Test conducted at -100 mesh size and 1000 gauss on surface samples:
• Davis tube test at -200 mesh size and 1000 gauss on core of drill hole RCH-0002:
CONCENTRATION TESTS
Weathered Outcrop
BIF Outcrop Pit
Drilling 25
PROJECT PICTURES
SAO FRANCISCO PROJECT - highlights
24.317Ha 100% owned
Banded Iron Formation and magnetite-rich mafic-ultramafic rocks w/ polymetallic mineralization (Cr, Co, Ni, V, PGE, and Au)
FTG+Mag flown by Bell Geospace @100m grid
Data interpretation & modelling by Core Geophysics – inversion projecting between 150Mt – 450Mt
31 identified targets w/ average 190m width and 80m depth, 6 targets with strike lengths longer than 500m
BIF concentrate Fe 60+% - potential to DSO type mineralization
Very Strong Ni, Co, Cr and Pt+Pd (Au) soil geochem anomalies
2013/14 pilot iron ore production (100kt/yr)
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GEOLOGICAL CHARACTERISTICS
BANDED IRON FORMATION
Occurrence of compact hematite/magnetite lenses (DSO)
Mineral association: Hematite, magnetite and quartz; No Goethite/Low P2O5 and Alumina
MAFIC-ULTRAMAFIC COMPLEX
Massive magnetite (>57% Fe) and magnetite metabasite/chloritite (Average 20-25% Fe)
Ni, Co, V, Cr, EGP (Au) mineralization; No Goethite/Low P2O5 and Alumina
Fe
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Cr
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Cr RESULTS IN SOIL GEOCHEMISTRY
Cr RESULTS IN SOIL GEOCHEMISTRY
PICTURES Ironstone (2,043 ppm Ni, 10 ppb Pd & 9ppb Au)
Serpentinite (5,657.6 ppm Ni & 34 ppb Pt+Pd) Magnetite-bearing tremolitite (5,343.3 ppm Ni)
Chromitite (35.30% Cr2O3, 2,593 ppm Ni, 0.18% V2O5)
