Investor Presentaiton
Background on
Appalachian Iron
• Appalachian Iron is a party to a license agreement with Molong Petroleum
Machinery Company (an entity incorporated in China) (Molong). It has the right
to elect to enter into a future formal process agreement to utilise all intellectual
property, information and data relating to the HIsmelt iron ore process (HIsmelt
Process), as well as Molong providing technical services and key equipment to
Appalachian Iron in order to produce green pig iron in the United States.
Appalachian Iron has been pursuing the development of a proposed pig iron project
using the HIsmelt Process to produce green pig iron at a plant in West Virginia
(West Virginia Project). The West Virginia Project is still in a conceptual stage, with
Appalachian Iron having secured non-binding agreements for land access, pig iron
offtake, raw materials supplies, HIsmelt technology, and engineering for the West
Virginia Project.
• The West Virginia Project is a long-term project, where Magnum can potentially
use the know-how, expertise and HIsmelt Process available to Appalachian Iron
to assist in the development of this project, together with Magnum's Buena Vista
Magnetite Project, to increase value for shareholders.
ASX PRESENTATION
MAGNUM MINING & EXPLORATION
APPALACHIAN
IRON
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