Alwyn Vorster
Managing Director
Iron Ore Holdings
Head Office: 44 ChisholmCrescent, KewdaleWA 6105
Tel: +618 9453 0000 Fax: +618 9453 0050
Email:
StrataSales@fero.com.au
www.fero.com.au
Providing a comprehensive
range of ground support
products and accessories
for the international and
domestic mining sectors,
backed by qualified technical
support and outstanding
customer service.
WA:
Kewdale, Kalgoorlie
TAS:
Somerset
VIC:
East Bendigo
QLD:
Narangba, Mt Isa
NT:
Darwin
NSW:
Cronulla
De-riskingmodel
driving IOH’s
valuecreation
Iron Ore Holdings (IOH) owns and manages a portfolio of iron
ore tenements and projects in the Pilbara region of Western
Australia. These key projects are all strategically located within
close proximity to existing and planned infrastructure.
With a stable share register, as well as an experienced Board
and senior management team, IOH delivered on all of its key
targets during the 2013 financial year.
Although world markets in general were tough and the
mining sector did not escape the negative outlook, IOH’s
central Pilbara asset commercialisation process continued to
deliver positive results. Managing Director, Alwyn Vorster,
believes that IOH’s business model presents low risk and will
be recognised by the market over time.
“
Unlike numerous, cash-strapped exploration companies
with limited assets or development potential, IOH is lucky to
have a healthy bank balance and two good projects moving
towards production. IOH still has $70 million cash in the bank,
has zero debt and is planning to limit as far as possible major
capital expenditure programs.
“
Our model is to ‘find, de-risk and monetise’ mineral
assets. The key point of distinction with many other juniors
is that return on investment drives our decisions, and we
recognise explicitly that good returns are often best achieved
by monetising assets at an earlier point in a project’s lifecycle,
than to actually develop a mine ourselves,” Mr Vorster said.
In September 2013, the latest IOH transaction – the sale of
the North Marillana group of satellite tenements in the central
Pilbara to Maiden Iron – can deliver up to $7.75 million in cash
payments and a royalty on the iron ore produced.
“
The transaction with Maiden Iron is a good example of