KCM Mining Limited


Investor Fact Sheet

Kogi Iron Limited is an Australian-based iron ore development company aiming to become an African iron ore producer at its Agbaja iron ore project in Kogi State, Nigeria. The key outcomes of a Preliminary Feasibility Study announced in January 2014 on the Agbaja Project included:

  • An economic and technically robust project supporting a 5 Mtpa operation
  • Highly attractive IRR of 23.7% and pre-tax NPV of US$420 million (@ 12% discount)
  • CAPEX of US$497 million and capital intensity of US$99.4/t
  • Average operating costs US$42.98/t concentrate FOB
  • Four year capital payback
  • A project in the bottom quartile for capital intensity and bottom half of the operating cost curve for magnetite projects
  • Net margin US$30/t and average EBITDA of US$136 million per annum
  • Total Resource of 586 million tonnes of iron ore with substantial upside

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Kogi Iron Limited
ABN 28 001 894 033
Unit 23/4 Ventnor Avenue
West Perth, Western Australia 6005
T: +61 8 9200 3456
E: info@kogiiron.com