Activex Limited · ASX:AIV
Activex — Investor Presentation (March 2010)
32 slides from Activex's investor presentation, Mar 29, 2010
Slide 1: Investor Update
Investor Update 29 March 2010 For personal use only Managing Director ActivEX Limited Doug Young Active explorers for new gold-copper resources …. moving towards development Mar 2010 1
Slide 2: Company Highlights
Company Highlights For personal use only z Diversified – Potash, Gold, Copper z Near term Potash production potential at Lake Chandler z Significant ground position in Cloncurry District (IOCG style) z Significant mineral endowment in Eastern Queensland large scale copper-gold prospects (porphyry, i
Slide 3: Corporate Overview
Corporate Overview For personal use only z Lake Chandler Potash Deposit 100% owned o Inferred resources – long mine life o Scoping study in progress o Short timeline to development z Cloncurry district – strategic land holding o Significant IOCG targets o Strategic location adjacent to recent discov
Slide 4: Capital Structure
Capital Structure z Issued Capital: 84,245,333 For personal use only z Unlisted Options: 3,500,000 z Bonus Options Issue 1 for 5 (ex July 2010 @ 8c): 15,794,362 z Market Cap: $7.5M z Key Holders o M Ruane (&Associates) 22% o MD 12% z Cash $1.1M One year Price/volume Graph vs ASX300 Met&Min Mar 2010
Slide 5: Key Management and Board
Key Management and Board z Ian Daymond - Chairman For personal use only Commercial Lawyer, experience with WMC, Hunter Resources, Delta Gold as general counsel, NED Hill End Gold Limited, Honorary Consul for Botswana in NSW z Doug Young - Managing Director Geologist, 30 years experience with North,
Slide 6: Gold and copper/gold exploration focus
Gold and copper/gold exploration focus Portfolio z specialising in Queensland terranes For personal use only z Potash development potential WA wheat-belt Mar 2010 6
Slide 7: Advanced Projects
For personal use only Advanced Projects Mar 2010 7
Slide 8: Lake Chandler Potash Project
Lake Chandler Potash Project z Granted Mining Lease 100% owned, PL pegged on adjacent lake For personal use only z Located in central wheat-belt of WA, 48km north of Merredin z Salt lake with alunitic clays (hydrated potassium sulphate) Mar 2010 Flagship near term development project 8
Slide 9: Lake Chandler – history
Lake Chandler – history z Discovered 1920s, mined For personal use only for potash in 1940s - idle since z Extensive drilling in 1980s – 112 holes, 315 samples z Consistent mineralisation over top 6m of lake sediments, simple rip and strip mining z Drilling information confirmed, Inferred JORC Resou
Slide 10: Potash - Resources
Potash - Resources z Inferred Resource 5.8M tonnes @ 5.7% K2O For personal use only z 20-30 year mine life at planned production rates The data in this report that relates to Mineral Resources for the Lake Chandler Deposit is based on information evaluated by Mr Simon Tear who is a Member of The Aus
Slide 11: Lake Chandler Scoping Study
Lake Chandler Scoping Study z Preferred processing path – ammonia For personal use only pressure leach (PAL) process o improved leach technology o lower capital and operating costs o market ready products SOP and SOA z Early OPEX estimates: $85-150/t z Early CAPEX estimates: $30-90M z 2009 bench sca
Slide 12: Why Potash?
Why Potash? z Consumption must grow in key markets to improve yields For personal use only z Global demand/supply balance is projected to keep prices high z Potash prices to stabilise at a new bench mark well above traditional price curve Consumption Capacity Mar 2010 12
Slide 13: Our competitive advantage
Our competitive advantage z Our product, SOP trades at 20-30% premium to MOP For personal use only z SOP and SOA products can be sold separately or as a blend z Production rates of 15-30,000 tpa (K2SO4) will not fulfil domestic demand z Huge transport advantage in imported product Mar 2010 13
Slide 14: Exploration Projects
For personal use only Exploration Projects Mar 2010 14
Slide 15: QLD Portfolio
QLD Portfolio z Gold and copper/gold focus specialising in For personal use only Queensland terranes – 1736 km2 with strong mineral endowment z Large porphyry copper-gold potential at Booubyjan, Blairmore, Pentland o 88m @ 0.47% Cu, 0.49g/t Au Cairns o Cu/Mo/Au zones, 47m @ 0.9g.t Au Kidston Townsvi
Slide 16: QLD Joint Ventures
QLD Joint Ventures z Key projects 100% AIV, high risk For personal use only expensive exploration farmed out, farming in to low risk targets z Pentland Farm Out o Currently AIV 100% o CYU can earn 70% by spending $3M in Cairns two stages over five years Kidston z Booubyjan Farm Out Townsville o Curr
Slide 17: Cloncurry Project
Cloncurry Project z Prospective for Iron Oxide style For personal use only copper-gold deposits (IOCG) {Ernest Henry (125M tonnes @ 1% Cu and 0.53g/t Au} and skarn style copper gold – Recent major discoveries z Rocklands Cu-Co (CDU) z Kalman Mo-Cu-Au (KMN) z Lanhams Shaft Mo-Cu-Au (IVA) z Mt Elliot/
Slide 18: Florence Creek IOCG Targets
Florence Creek IOCG Targets z Emerald Well – gravity/mag target For personal use only with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation z Ironclad – mag target with haematitic breccias and copper z Pokara – gravity target, haematitic milled breccias Gravity data Ma
Slide 19: Florence Creek Skarn Targets
Florence Creek Skarn Targets z Green Valley - fold nose, mag and gravity target, copper workings For personal use only z Florence Bore – 4m @ 3% Cu, 0.3g/t Au, workings, gravity and mag targets, high gold values to 9g/t z Dandy/Trump –12m @ 2.9%Cu, 0.38g/t Au, mag anomalies, high Mo in rock samples
Slide 20: Florence Bore – Green Valley
Florence Bore – Green Valley For personal use only z Green Valley – coincident mag and gravity target associated with fold nose, copper workings, copper and gold anomalous zones in soils z SAM data – structures confirmed by SAM, broad conductive zones adjacent to gold geochem SAM data z Dilation str
Slide 21: Selwyn East
Selwyn East z Application in native title process (4 mnths) For personal use only z Aeromag and radiometric data interpreted z Strong structures related to Merlin trend identified in central area z Should be on ground in 2010 Mar 2010 21
Slide 22: Barambah – drilling in progress
Barambah – drilling in progress z Previous mining and shallow drill pattern For personal use only o Gram-metres values to 35.6 gm Barambah Open Pit (7700 ozs) z Apparent high grade shoot o High grade gold/silver vein system – 1m @ 14.7g/t Au, 385g/t Ag and 1m @ 30g/t Au, 144g/t Ag o Drill testing of
Slide 23: Barambah – drilling in progress
Barambah – drilling in progress Barambah Open Pit (7700 ozs) For personal use only Mar 2010 23
Slide 24: Pentland JV – Project Summary
Pentland JV – Project Summary z NE trending gold belts For personal use only Quartz Hill Porphyry 186m @ 0.13%Cu Nipple Breccia 10m @ 1.1g/t Au Eight Mile Breccia – Porphyry system Mt Remarkable Porphyry 47m @ 0.9g/t Au Norwood Gold City Reefs 8M @ 2.2g/t Au 6m @ 3.3 g/t Au Mar 2010 24
Slide 25: Mt Remarkable - Norwood
Mt Remarkable - Norwood For personal use only z Structurally controlled demagnetized zone associated with alteration at Mt Remarkable z Most intense part correlates with IP anomalies z Gold mineralisation peripheral to demagnetised zone z Norwood mag high sits on periphery of major interpreted intru
Slide 26: Mt Remarkable – drilling in progress
Mt Remarkable – drilling in progress z Drilling has targeted surface geochem - most holes too shallow to intersect IP targets For personal use only -270m Mar 2010 z Coincident demagnetised zone 26
Slide 27: Norwood - IP
Norwood - IP For personal use only Resisitivity Drilling has targeted surface geochem Shallow IP anomalies F Mag anomaly Chargeability Deep IP anomalies Mar 2010 27
Slide 28: Pentland JV – drilling now
Pentland JV – drilling now For personal use only Shallow IP anomalies Mar 2010 28
Slide 29: Booubyjan JV
Booubyjan JV For personal use only Mar 2010 Project review complete – program to be decided 29
Slide 30: Project Status
Project Status For personal use only z Development ? z Scoping/Pre-feasibility Lake Chandler studies z Drilling/Resources Pentland, Booubyjan, Barambah z Geophysical surveys/target Florence Creek, definition Norwood South, Blairmore z Prospects identified/field Ban Ban, Prospect Creek, Oxley surveys
Slide 31: Forward Program
Forward Program z Lake Chandler Scoping study results due For personal use only o Upgrade resources Lake Chandler and Reward Lake o Water source exploration/dewatering studies o Process metallurgy optimisation tests o Detailed engineering scenarios o Environmental/Permitting z Drilling Pentland in p
Slide 32: Why Invest in AIV
Why Invest in AIV For personal use only z Potash near term development potential – Lake Chandler WA z Exciting IOCG copper gold targets in Cloncurry - drill ready first half 2010 z Drilling in JV areas in progress z Strong project pipeline (organic growth) z Always looking for new opportunities z Ti