Indian Iron Ore Projects

NSL has two foundation projects ready to operate and a pipeline of targeted projects which the Company is methodically assessing against the above mentioned criteria.
The two iron ore projects, Kuja and Mangal, are located in the South Eastern Province of Andhra Pradesh, India. NSL has acquired the extraction and selling rights to both Projects after conducting a due diligence process on the Projects. The binding agreements for the purchase of the Projects include the full acquisition of the mining leases.
 
The two project sites are located within approximately 5km of each other, and NSL has identified mining and logistics synergies that are intended to optimise the efficiency of the two mining operations.
 
In addition to these ready to operate assets, NSL has also acquired the rights to a large magnetite deposit
 
In keeping with the Company’s strategy, NSL is using its initial investments in India to build up its corporate knowledge and experience in mining Indian iron ore. This knowledge is being applied to the assessment of new opportunities in Andhra Pradesh, Goa, Karnataka and Orissa, some of India’s most established and productive iron ore precincts.
 
The Company continues to progress several opportunities for outright acquisition and joint venture structured agreements over multiple projects across India. Multiple opportunities have been taken to advanced stages of due diligence, and specifically NSL has conducted a full legal due diligence to ascertain the nature of:
 

 -   Ownership
 -   Titles over the lands
 -   The current status of all required permissions, permits and consents
 -   Encumbrances
 -   Outstanding liabilities

 
These opportunities continue to undergo detailed technical due diligence, with parallel commercial negotiations to finalise potential acquisition.
Projects under due diligence, could contain DSO and significant tonnage of low grade hematite and magnetite amenable to beneficiation. Associated minerals such as manganese are also expected to undergo further evaluation.



Indian Iron Ore Projects


Australia Coal Projects

DIRECTORS

Jock Muir
Non-Executive Chairman


Mr Muir brings more than 30 years’ experience in global mining and mining services. Most recently, Jock held the position of Non-Executive Director of Dyno Nobel Ltd, an ASX 200 company, prior to a merger with Incitec Pivot in 2008. In his 15 year career with Dyno Nobel, Mr Muir also held the positions of Managing Director of the Asia Pacific Region, Senior Vice President for Global Initiation Systems (based in the USA) and Senior Vice President for Global Marketing and Business Development. His experience in these roles included the development of new businesses in China and Russia.

Prior to Dyno Nobel Mr Muir held the position of Managing Director of Mitchell Cotts Australia, a subsidiary of a British public company, specialising in mining services and process engineering. Mr Muir also holds the current position of Non-Executive Director of Barminco Ltd.


Mr Cedric Goode
Managing Director / CEO
MBA

Mr Goode holds a Masters of Business Administration, and brings more than 16 years of mining industry experience, most recently as Vice President Commercial at Dyno Nobel Asia Pacific Ltd where he led the commercial division throughout Asia-Pacific. With industry experience focussed in the iron ore, coal and gold sectors, Mr Goode has held a variety of technical, commercial, operational and strategic roles both domestically and internationally.

Mr Goode has a proven track record with experience in global strategic planning, global new business acquisitions, merger integration, joint venture establishment and profit and loss responsibility, including in international markets.


Peter Wall
Non-Executive Director


Following graduation from UWA, Mr Wall commenced employment at a large Perth based law firm and later joined Steinepreis Paganin in January 2000. (Appointed as a Partner in July 2005). He has a wide range of experience in all forms of corporate and commercial law with specific expertise in equity capital markets, mergers and acquisitions and resources law.


Peter Richards
Non-Executive Director


Mr Richards is an internationally experienced business executive with a proven track record in achieving financial, operational, and safety targets. He has more than 30 years’ of local and international experience with companies such as British Petroleum (including its mining arm Seltrust Holdings), Wesfarmers and Dyno Nobel, providing him with a broad understanding of the global mining and mining services industries.


Peter has a proven record of managing and supporting complex financial and corporate activities. This experience has afforded significant exposure to the investment, broking and analyst community. Peter’s global experience provides him with exposure to diverse cultures and societies and has equipped him to understand the environment in which businesses operate. Mr Richards also vurrently holds the positions of Chairman of Kangaroo Resources, and Director for Emeco, Bradken and Norfolk.