Nex Metals Exploration Ltd · ASX:NME
Nex Metals Exploration — Shareholder Meeting (November 2012)
12 slides from Nex Metals Exploration's shareholder meeting presentation, Nov 26, 2012
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 23rd November 2012 ASX: NME
Slide 2: Forward Looking and Compliance Statements
For personal use only Forward Looking and Compliance Statements • This presentation is provided to you for the sole purpose of providing preliminary background technical, financial and other information to enable you to review the business activities of Nex Metals Explorations Ltd. • The material pr
Slide 3: 2012 Year in Review
For personal use only 2012 YEAR IN REVIEW • Mining of the Butterfly Pit •Revised resource estimation, confirmatory grade control drilling and positive pit optimisation •Mining and ore treatment commencement Jan/Feb •Mining ceases June and treatment ceases August •53,021 tonnes treated of the anticip
Slide 4: 2012 Year in Review cont.
For personal use only 2012 YEAR IN REVIEW cont. • Mining progressed as expected; highly visible and easy digging ore zone, consistent ore zone grab sample assays, strip ratios consistent with expectations, furthered understanding of structural control on ore, equipment performed well, good operating
Slide 5: 2012 Year in Review cont.
For personal use only 2012 YEAR IN REVIEW cont. • Mill crushing circuit frequently inoperable leading to low processing rates and gold recoveries resulting in consequent mining rate inefficiencies •Milling issues lead to tight cash flow due to lower revenues and higher costs •NME is assessing commer
Slide 6: Financial Position
For personal use only FINANCIAL POSITION • $5.1M received for Research and Development • $3M placement pending from Hong Kong based company • $7M standby subscription agreement available • Prudent cost cutting measures undertaken • Proposed Orient Well Mill refurbishment plan with another Hong Kong
Slide 7: Proposed Orient Well Mill Refurbishment Plan
For personal use only PROPOSED ORIENT WELL MILL REFURBISHMENT PLAN • Heads of Agreement •NME leases existing milling infrastructure (term to be agreed) •Milling entity to rebuild mill to a 700,000 tpa capacity •NME pay agreed fee per tonne of ore treated •Fee on a cost-plus basis •NME retains joint
Slide 8: Looking Forward
For personal use only L O O K I N G F O R WA R D • Milling entity team has been working on engineering and processing designs •All existing infrastructure suitable for use •Traditional CIP/CIL preferred design for best gold recoveries •Metallurgical work confirms grade and recoveries • NME dedicated
Slide 9: Resolution – Adoption of Remuneration Report
For personal use only RESOLUTION 1 – ADOPTION OF R E M U N E R AT I O N R E P O R T FOR: CHAIRMAN’S DISCRETION 415,125 SHAREHOLDER 17,311,540 TOTAL FOR 17,726,665 AGAINST 80,000 ABSTAIN 7,620,001
Slide 10: Resolution – Re-election of Kasit Phisitkil
For personal use only RESOLUTION 2 – RE-ELECTION OF KASIT PHISITKIL FOR: CHAIRMAN’S DISCRETION 415,125 SHAREHOLDER 24,011,541 TOTAL FOR 24,426,666 AGAINST 0 ABSTAIN 1,000,000
Slide 11: Resolution – Approval of % Issued Capital
For personal use only R E S O L U T I O N 3 – A P P R O VA L O F 1 0 % I S S U E D C A P I TA L FOR: CHAIRMAN’S DISCRETION 415,125 SHAREHOLDER 24,931,541 TOTAL FOR 25,346,666 AGAINST 80,000 ABSTAIN 0
Slide 12: Thank You
For personal use only THANK YOU
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