Buckland Project Update and Approvals Strategy

Michael Klvac

July 2014

Iron Ore Holdings Ltd

Agenda

2

IOH company status

IOH projects

Buckland project – independent mine to ship solution – approvals strategy

IOH key objectives

3

IOH - Company Status

Corporate Overview

4

ASX listed in 2005

Resource growth to 1.6 billion tonnes in 2013

Two projects moving towards development

More than $50M cash in bank and zero debt

Small team (20 employees) of subject experts

Background Capital Structure

Cash (as at 30 April 2014)

~A$58 million

Shares On Issue 161 million

52 Week Range ~A$0.67 - A$1.26

Market Cap (as at 30 April 2014)

~A$145 million

Hon. Richard Court AC (Non-Executive Chairman)

Alwyn Vorster (Managing Director)

Ryan Stokes (Non-Executive Director)

Malcolm Randall (Non-Executive Director)

Brian O’Donnell (Non-Executive Director)

Board Members

IOH Board Members

IOH

5

Exploration (current and new tenements)

Acquisitions (selected steel making and

energy raw materials)

Buckland (Feasibility Study and

approvals)

Iron Valley (Pre-feasibility

study and

approvals)

Iron Valley (Mineral Resources - Mine

Gate Sale)

Buckland (JV or Divest)

Non-core

tenements (JV or Divest)

IOH Business Model

Non-core

tenements (Concept study and

approvals)

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IOH Projects

IOH Project Locations

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Buckland Project

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Drill & Blast 1 : 1 Strip Ratio

Truck & Shovel

Contract Miner moving

18-20Mtpa

Haul via 196km

Private Road 115-200t Trucks

Contract Road Haul

Crush and Screen Dry and Wet Plant

8Mtpa (dry) Production

Cape Preston

East Port 20Mtpa Allocation

20 Year Port Lease

Transhipment

to Cape Size

Vessels Self-propelled and

self-unloading

Transhipper vessel

Buckland Project – Independent Mine to Ship Solution

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Buckland Project - Animation Video

This video can be can be viewed from the home page of the IOH website at:

www.ironoreholdings.com

The Buckland Project is underwritten by a comprehensive set of

approvals and agreements

The key elements of the approvals strategy are as follows:

1. Identify all approvals required to support project development;

2. Identify parties that either grant (or influence the grant of):

• Regulatory approvals; and

• Access to land (including tenure).

3. Engage with each stakeholder in a targeted and co-ordinated manner.

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Buckland Project Approvals Strategy

The key categories of stakeholders that grant (or influence the grant of)

regulatory approvals and land access for the Buckland project are as

follows:

– Federal, State and local government departments and authorities;

– Underlying tenement holders;

– Pastoralists; and

– Native Title groups

– Communities

The key is to engage and consult effectively!

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Buckland Project Approvals Strategy - continued

Some lessons IOH has learnt over the past two years:

1. Small approvals team of subject experts (supported by consultants where

necessary);

2. Engage stakeholder at multiple levels in the organisation (EPA example);

3. Utilise IOH personnel effectively;

4. Work collaboratively to find solutions with mutual benefits to company and State

(CPE example);

5. Develop and foster relationships – they are not there just when you want something;

6. There is no substitute for face-to-face time; and

7. Keep a record of consultations and actions agreed.

It is not possible to achieve a single approval without some level of

consultation

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How do we ensure consultation is effective?

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The consultation effort and results

Consultation target Number of target consultation groups

Consultations Results

Federal and State Government departments and authorities

18 425 13 approvals* 10 miscellaneous licences 1 mining lease 4 port agreements 18 other licences

Underlying tenement holders

10 210 30 access agreements 1 Successful Wardens court hearing

Pastoralists 4 10 2 access agreements

Native Title groups and Communities

2 80 22 heritage surveys** 2 heritage agreements 2 land access deeds 1 s.16 consent 4 s.18 consents

* EP Act Part IV & Part V, EPBC Act and Mining Act ** 10 day surveys

An average of one consultation per day for two years: Huge effort, large cost but a great result!

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Status of Primary Approvals

Component Type Authority / Entity Status

Bungaroo South Mine

Environment Federal

State

Native Title Private

Heritage Clearance State

Lease State

Stage 1 Haul Road

Environment Federal

State

Native Title Private

Heritage Clearance State

Licences / Agreements State / Private

Cape Preston East Port Facility

Environment Federal

State

Native Title Private

Heritage Clearance State

Lease agreements State

All primary approvals required to develop the Buckland Project have been secured

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IOH Future

IOH Key Objectives for CY 2014

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Prudent allocation of more

than A$50M cash reserves

Maintain high HSEC

standards

Consider new tenements

and projects

Secure partner for Buckland

project

Receive first revenue from

Iron Valley

Increased Market

Value of IOH

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Thank You

Disclaimer

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This document or presentation may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Iron Ore Holdings‟ planned

exploration program, commencement of exporting of iron ore, industry outlook and other statements that are not historical facts. When used in this document, the words such as “could,”

“target,” “plan,” “estimate,” “intend,” “may,” “potential,” “should,” and similar expressions reflected in these forward-looking statements are reasonable, such as statements involving risks

and uncertainties and no assurance can be given that actual results be consistent with these forward-looking statements.

Disclaimer:

The information in the report to which this statement is attached that relates to Exploration Targets, Exploration Results, is based on information compiled by Mr Roland Bartsch, who is a

Member of the Australasian Institute of Mining and Metallurgy. Mr Bartsch is a full time contract employee of IOH and has sufficient experience which is relevant to the style of

mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of „Australasian Code for

Reporting of Exploration Results, Mineral Resources and Ore Reserves‟. Mr Bartsch consents to the inclusion in the report of the matters based on his information in the form and

context in which it appears.

In respect of the Iron Valley and Maitland deposits the information in this report that relates to Mineral Resources estimates has been compiled by Mr Lynn Widenbar, who is a Member

of the Australasian Institute of Mining and Metallurgy. Mr Widenbar is a full time employee of Widenbar and Associates and produced the Mineral Resource Estimates based on data

and geological information supplied by IOH. Mr Widenbar has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the

activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the „Australasian Code for Reporting of Exploration Results, Minerals Resources and

Ore Reserves‟. Mr Widenbar consents to the inclusion in this report of the matters based on his information in the form and context that the information appears.

In respect of the Bungaroo South, Dragon, Rabbit, Rooster and Snake deposits the information in this report that relates to Mineral Resources is based on information compiled by Mr

Lynn Widenbar, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Widenbar is a full time employee Widenbar and Associates and produced the Mineral

Resource Estimates based on data and geological information supplied by IOH and has sufficient experience which is relevant to the style of mineralisation and type of deposit under

consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of „Australasian Code for Reporting of Exploration Results, Mineral

Resources and Ore Reserves‟. Mr Widenbar consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Ore Reserve estimations for the Iron Valley Deposit is based on information compiled by Mr Alan G. Cooper, who is a member of the

Australasian Institute of Mining and Metallurgy. Mr Cooper is a full time employee of Snowden Mining Industry Consultants Pty Ltd. Mr Cooper has sufficient experience which is

relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition

of the „Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‟. Mr Cooper consents to the inclusion in the report of the matters based on his

information in the form and context in which it appears. This information was prepared and first disclosed under the JORC Code 2004. It has been not been updated to comply with

JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

The information in this report that relates to Ore Reserve estimations for Bungaroo South and Dragon Deposits is based on information compiled by Mr Alan G. Cooper, who is a member

of the Australasian Institute of Mining and Metallurgy. Mr Cooper is a full time employee of Snowden Mining Industry Consultants Pty Ltd. Mr Cooper has sufficient experience that is

relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the

„Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‟. Mr Cooper consents to the inclusion in the report of the matters based on his information

in the form and context in which it appears.

Competent Persons Statement: