the kambalda nickel mining company - mincor.com.au filefinancial year 01/02 ore tonnes treated (dmt)...
TRANSCRIPT
THE KAMBALDA NICKEL MINING COMPANY
THE KAMBALDA NICKEL MINING COMPANY
MINCOR IS...MINCOR IS...
KAMBALDA NICKELKAMBALDA NICKEL
profitable
earnings-focused
with strong cashflows
and outstanding exploration upside
THIS PRESENTATIONTHIS PRESENTATION
Current Operations
Financial Performance
Mincor’s Future
MINCOR IN KAMBALDAMINCOR IN KAMBALDA
MIITEL FACTSMIITEL FACTS
Purchase Price (March 01): $38 million
Original Ore Reserve: 844Kt @ 3.96% Ni
Mined to Sep 02: 317Kt @ 4.51% Ni
Nickel in Concentrate to Sep 02: 12,573 tonnes
Average Cash Cost: US$0.86/lb Ni in Conc$144/tonne ore
Gross Revenues to Sep 02: $94 million
Net Cash Generation to Sep 02: $49 million
WANNAWAY FACTSWANNAWAY FACTS
Purchase Price (Sept 01): $10 million
Original Ore Reserve: 289Kt @ 3.58% Ni
Mined to Sep 02: 165Kt @ 3.5% Ni
Nickel in Concentrate to Sep 02: 5,222 tonnes
Average Cash Costs: US$1.07/lb Ni in Conc$137/tonne ore
Gross Revenues to Sep 02: $38 million
Net Cash Generation to Sep 02: $15 million
MIITEL AND WANNAWAYMIITEL AND WANNAWAY
0
20,000
40,000
60,000
80,000
100,000
120,000
Mar-01 Jun-01 Sep-01 Dec-01 Mar-02 Jun-02 Sep-020
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000Production per QuarterGross Revenue per QuarterNickel in Concentrate per Quarter
MINCOR’S PERFORMANCE
MINCOR’S PERFORMANCE
MINCOR’S GROWTH 99-02MINCOR’S GROWTH 99-02
-10
0
10
20
30
40
50
60
70
1999 2000 2001 2002
ProfitRevenueMarket Cap
MINCOR’S SHARE PRICEMINCOR’S SHARE PRICE
MINCOR’S DEBT POSITIONMINCOR’S DEBT POSITION
-
20,000
40,000
60,000
80,000
100,000
120,000
Mar-01 Jun-01 Sep-01 Dec-01 Mar-02 Jun-02 Sep-020%
50%
100%
150%
200%
250%Cumulative Gross RevenueTotal debt outstandingDebt to Equity Ratio
FINANCIAL YEAR 01/02FINANCIAL YEAR 01/02
Ore tonnes treated (dmt) 233,775 tonnes
Average Nickel Grade 4.12%
Nickel in Concentrate Sold 8,635 tonnes
Gross Revenue $64.2 million
Cashflow from Operations $25.5 million
Profits before Tax $15.2 million
Profits after Tax $9.3 million
Earnings per Share 5.5c
Debt at 31 August 02 $10.9 million
MINCOR’S FUTUREMINCOR’S FUTURE
THE MIITEL BANANATHE MIITEL BANANA
WIDGIEDOME
GEOLOGY
WIDGIEDOME
GEOLOGY
MINCOR’S FUTUREMINCOR’S FUTURE
Drilling drilling drilling – Widgie Dome
Regional Exploration - Kambalda
Regional Exploration - WA
Mine and Project acquisitions - Australia
Nickel – Gold – Traditional Base Metals
www.mincor.com.auwww.mincor.com.au