NSL is a highly compelling investment proposition
Unique ASX-listed, pure-play exposure to the Indian steel & iron ore growth story
1. High growth emerging economy driving strong demand for steel & iron ore
- Operating in one of the world’s largest, fastest growing economies, driving strong long-term growth in steel demand
- Domestic iron ore supply critical to sustainable domestic steel industry, encouraged by Central & State Governments
- First mover advantage, being the only foreign company to own & operate iron ore mines & processing in India
2. Investing in an attractive region with supportive State Government
- Andhra Pradesh is the fastest growing state in India & strategically located with access to critical infrastructure
- NSL has executed two MoU's with the State Government providing a clear pathway for expansion in the State
3. Well located portfolio of complementary assets
- Cluster of mines in iron-ore rich region within close proximity to critical infrastructure & steel manufacturing customers
4. Supplying high quality, cost competitive iron ore product
- Beneficiation capability enables NSL to exploit local low grade iron ore resources in support of National Mineral Policy
- Profitability underpinned by low cost position & offtake agreements with key customers
5. Clear pathway to production ramp-up to deliver strong cash flow & profitability
- Successfully constructed & commissioned beneficiation plant; expected to be cash flow positive in Q4 2016
- Pipeline of projects in-hand to achieve 2.5mtpa run-rate production by end-2019, with production growth underpinned by mining assets in the iron-rich Cuddapah Basin & MoU’s with the Andhra Pradesh Government
6. Significant untapped growth potential beyond planned expansion
- Growth plan to production in excess of 8mtpa under MoU with Andhra Pradesh Government
- Identified projects offering further value-add opportunities, including integrated pellet & steel plant
7. Highly experienced Board & Management
- Team with strong capabilities & track record of delivery
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