Slide 1: Argentina in Focus - San Juan a Golden Province
For personal use only Investor Presentation Argentina in Focus - San Juan a Golden Province ASX Code: ELT 11 June 2010
Slide 2: Corporate Overview
Corporate Overview For personal use only Australian based, ASX-listed, exploration company focused on exploring for copper-gold in world class mineral provinces in Argentina and Australia Corporate overview • IPO 23 Dec 2009 • 54M shares on issue • A$7.2M cash • Share price of A$0.17* • Market Cap A
Slide 3: Board & Executive Team
Board & Executive Team For personal use only Corey Nolan Tony McLellan Neil Stuart Alistair Grahame Gustavo Delendatti Managing Chairman Director Exploration & Argentina Exploration Director Development Manager Manager Key management • Technical, managerial and capital markets experience • Experienc
Slide 4: San Juan Minerals Province
San Juan Minerals Province For personal use only • Pro-mining jurisdiction - highly supportive government • Growing gold production – Veladero and Gualcamayo • Several gold & copper deposits in development or at feasibility – Pascua-Lama, Casposo, Los Azules, and El Pachon • Corporate tax – 35% fixe
Slide 5: San Juan Province
San Juan Province For personal use only r n r o q p s n http://www.yamana.com/Operations/ProducingMines/Gualcamayo/default.aspx s Troy Resources NL: Technical Report Casposo Project, May 2010 o http://www.minandes.com/s/LosAzules.asp p http://www.xstratacopper.com/EN/Operations/Pages/ElPachon.aspx N
Slide 6: Elementos Target Deposit Types
Elementos Target Deposit Types For personal use only • Epithermal vein deposits in Argentina - Producing - Gualcamayo, Cerro Vanguardia, San Jose - Feasibility and development - Cerro Negro, Cerro Moro NOTE: This model is purely conceptual in nature and may not apply to the Manantiales project as th
Slide 7: Manantiales: Emerging gold district
Manantiales For personal use only Emerging gold district • Large district of gold-silver epithermal vein mineralisation • Under explored district with growing exploration presence • ELT tenement holdings – 100 sq km • Adjacent Troy’s Casposo mine: • ~0.4Moz Au & 17Moz Ag resource in development(1) •
Slide 8: Manantiales: Early exploration success
Manantiales For personal use only Early exploration success • EIA approved in June 2010 for Manantiales property • High grade gold surface intercepts at Manantial and Julieta Norte • Two major vein systems sufficiently defined for drilling • Phase 1 drilling – up to 1,500 metres commencing June 2010
Slide 9: Manantiales: Manantial vein
Manantiales For personal use only Manantial vein • 215 saw cut samples completed • Discrete outcropping veins over 880 metres north-south strike, true width varies between 0.5 – 5.0 metres, and dipping 70-80 degrees to the east. Includes 300 metre higher grade zone • Low silver grade indicates shall
Slide 10: Manantiales drilling program
Manantiales For personal use only Manantiales drilling progam Stockwork • First phase diamond drilling up to 1,500 metres to test Manatial and Julieta Norte veins • Shallow and deep holes up to 120 metres depth NOTE: This model is purely conceptual in nature and may not apply to the Manantiales proj
Slide 11: Manantiales: Julietta Norte vein
Manantiales For personal use only Julietta Norte vein • 36 saw cut samples completed. Further results pending • Outcropping vein over 175 metres north-west strike, true width varies between 0.5 – 3.0 metres, and dipping 65-75 degrees to the south-west. Includes 75 metre higher grade zone • Low silve
Slide 12: Manantiales: La Puerta vein
Manantiales For personal use only La Puerta vein • 20 saw cut samples completed. Further assays pending • Outcropping veins over 200 metres east-west strike, true width varies between 0.5 – 2.0 metres, and dipping 70-75 degrees to the north • Vein is in early stages of testing with potential for exp
Slide 13: Santo Domingo: Targeting copper-gold porphyry systems
Santo Domingo For personal use only Targeting copper-gold porphyry systems •Historical mining district with limited modern day exploration • Large tenement package – 250 sq kms • Targeting a potential belt of porphyry mineralisation which is analogous to the Alumbrera deposit to the north • Two hour
Slide 14: Santo Domingo: Three targets to test
Santo Domingo For personal use only Three targets to test • First stage field program identified three main targets • Terra-spec SWIR survey – confirmed oxidised porphyry alteration • Detailed sampling program at El Arriero Nov 2009 • Project-scale target generation program commenced
Slide 15: Santo Domingo: El Arriero exploration target
Santo Domingo For personal use only El Arriero exploration target • Exposed area >2 sq km of alteration • Visible copper over extended areas • Surface sample grades up to 4.6g/t Au, 36g/t Ag and 900ppm Mo • Large exploration target
Slide 16: Santo Domingo: On-going 2010 exploration activities
Santo Domingo For personal use only On-going 2010 exploration activities • New project access and field camp completed June 2010 • Comprehensive mapping and sampling program underway at El Arriero extension, Divisoria and Alunita • Deep penetration geophysics • Drilling of the most attractive target
Slide 17: Summary
Summary For personal use only • World class portfolio of exploration projects • Early exploration success at Manantiales • At $9.2M market cap, high leverage to exploration success • Well funded with $7.2M cash • ELT has the opportunity, expertise and people to execute 17
Slide 18: Key Contacts
Key Contacts For personal use only Competent Persons Statement The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Neil Stuart a fellow of the Australasian Institute of Mining and Metallurgy. Mr Stuart is a Dire