Element 25 Limited · ASX:E25
Element 25 — Montezuma Mining Company — Shareholder Meeting (November 2008)
28 slides from Element 25's shareholder meeting presentation, November 2008
Slide 1: AGM Update 2008
AGM Update 2008 GOLD - Production from Peak Hill in the medium term MANGANESE - Major shareholding in Auvex Resources Limited IRON ORE - Significant new capital from sale to Midwest Corporation NEW ACQUISITIONS…? November 2008
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Montezuma Mining Company Ltd and its associated entities (“Montezuma") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Montezuma’s projects, may rely on vari
Slide 3: Corporate Snapshot (listed 9 November 2006)
Corporate Snapshot (listed 9 November 2006) Board of Directors Structure Denis O’Meara (Chairman) Shares: 41.69M Justin Brown (Executive Director) Options (20c): 17.2M Terry Grammer (Non-executive Director) Options (35c): 6M Ian (Inky) Cornelius (Non-executive Cash: $1.8M (approx
Slide 4: Share Price Chart
MONTEZUMA MINING COMPANY LTD Share Price Chart MZM - Daily Line Chart [Close] JO - Daily Line Chart [Close] ~ MZM = Simple MA [20, Clo eR Close] ~ 0.160 5600 — i, ( - 0.120 5200-4 - ewe — 0,080 4400 - z - 0.040 4000 - MZM - Yolume > soo000 | = 400000 [ar ual sitet ull Hs 1 | | | I, Far | as Dern Pa
Slide 5: Share Register - Top 20
Share Register - Top 20 HOLDER NAME SHARES % HOLDING SOUTH BOULDER MINES LTD 4,150,000 9.95% DUKETON CONSOLIDATED LTD 3,250,000 7.79% TAO YUAN LTD 3,000,000 7.20% AVANIA NOM PL 1,806,415 4.33% CHEUNG SHUN RES LTD 1,440,000 3.45% MANDIES MEATS PL 1,307,000 3.13% ARADIA VENTURES PL 1,030,000 2.47% GRA
Slide 6: Projects
CORE PROJECTS Projects Peak Hill: gold (100%) Mt Padbury: gold, manganese, iron ore, (100%) Durack (earning 85%) Egerton: gold (100%) UNDER REVIEW Robinson Range: uranium (100%) Talga: gold/vms (90%) Callawa: copper (100%) Pilgangoora: nickel, gold (>70%) Barite Range: manganes
Slide 7: Why Gold?
Why Gold? Strong price performance Future projections by most analysts very strong Underpinned by strong physical demand from emerging markets “Jim Sinclair has made a wager of Safe haven in $1,000,000 US dollars that the gold price will hit US$1650 before the 2nd week of uncertain January 2
Slide 8: Peak Hill Gold Mine (100%)
Peak Hill Gold Mine (100%) +Million ounce high grade gold system. Over 920,000 ounces produced to date. No work since 1997. Closed down by majors for strategic reasons not due to lack of potential. Includes existing resources as a base to work from. Multiple exploration targets including
Slide 9: Peak Hill Project geology map
MONTEZUMA MINING COMPANY LTD PEAK HILL PROJECT GEOLOGY LEGEND Proterozoic Ravelstone Formation Labouchere Formation Tilometes Horseshoe Formation Archaean ‘THEMES LEGEND @ cPen rr @ _soipoccurrence A. RonD (Unsealed) (wen tenenenr PLL oe [> 7165040 my - 7 B B S 52/297 e) a z 3 2 7162500 1% a 5 4 " c
Slide 10: Resources Summary
Resources Summary Prospect Tonnage Grade (g/t Contained MZM plan to Au) Ounces Inferred Resources increase the Enigma North 1,000,000 1.04 33,441 resource base with Total Inferred 1,000,000 1.04 33,500 Indicated Resources additional drill Enigma North 510,000 2.10 34,437 testing of known Fiveways
Slide 11: Target Area
GEOLOGY LEGEND a 8 Proterozoic = 8 Labouchere Formation Ravelstone Formation 3 a PEAK HILL PROJECT z 4 — Horseshoe Formation : == cnasn ‘ 0 os 4 2 Narracoota Formation Peak Hill Sehist \. oT THEMES LEGEND © tarcet AREA JUBILEE pores: ~ high grade open cut - large undrilled areas GO. occURRENCE AL Fo
Slide 12: Jubilee
Jubilee Produced 6,500 oz @ 4.0 g/t Au from a small shallow pit in 1992. Significant untested potential for structural repetitions. First pass recon. RC drilling returned excellent results including a new zone at depth. Very under-tested.
Slide 13: Jubilee Deposit 3D View (assays > 1 g/t Au)
Jubilee Deposit 3D View (assays > 1 g/t Au)
Slide 14: Peak Hill Project drill targets and results
ee cos MINING COMPANY LTD MONTEZUMA MINING COMPANY LTO PEAK HILL PROJECT HARMONY ~ significant gold in ground ~ targets along strike ENIGMA NORTH ~ 65,000 oz resource - open at depth and along strike w € ‘. 8 JUBILEE N, + results received from first RC ‘ drilling programme: x JBRCO003 1m @ 47.2 g/t
Slide 15: Main Pit/Fiveways Deeps
Main Pit/Fiveways Deeps Previous Production in excess of 400K ounces Very high grade mineralisation style - previous (mined) intersections of 22m @ 158 g/t Au Extent of previous open-cut operation previously limited by plant infrastructure. Down plunge high grade shoots only sporadically dri
Slide 16: Main Pit Sectional View (assays > 1 g/t Au)
Main Pit Sectional View (assays > 1 g/t Au) 150m depth Mineralisation continues down plunge. High grade High grade shoots have potential to underground support an underground operation. potential 8m @ 124.22 g/t Au Previous mining ceased due to infrastructure limitations not because mineralisa
Slide 17: Harmony
Harmony Produced approximately 220,000 oz @ 3.24 g/t Remaining potential at depth for possible open pit or underground production. Large untested areas may host extensions to the known mineralised zones. Regional surrounds only shallowly drilled.
Slide 18: Harmony/Baxters Open Pit 3D View
Harmony/Baxters Open Pit 3D View 100m depth Significant in ground mineralisation beneath current pit.
Slide 19: Enigma North
Enigma North Approximately 65,000 ounce resource. Open at depth and down plunge to the north Best results include: 8m @ 10.13 g/t Au 4m @ 41.38 g/t Au 9m @ 3.33 g/t Au Potential to add ounces to core open pittable resource.
Slide 20: Peak Hill Gold Strategy
Peak Hill Gold Strategy Active exploration to build on key targets at Peak Hill: Jubilee Harmony deeps Main Pit deeps Enigma North Pursue acquisitions with robust resources within trucking distance of Peak Hill. Work up existing regional gold targets around Peak Hill: Mt Padbury Ro
Slide 21: North Murchison / Meekathara Tenure
North Murchison / Meekathara Tenure
Slide 22: Durack (earning 85%)
Durack (earning 85%) Previous drilling includes: 12m @ 15.16g/t Au from 87m 8m @ 11.86g/t Au from 14m 13m @ 4.68g/t Au from 77m 8m @ 2.20g/t Au from 94m Only 12km south of Peak Hill Potential satellite operation
Slide 23: Mt Padbury (100%) - Wood Creek Gold Prospect
Mt Padbury (100%) - Wood Creek Gold Prospect WOOD CREEK PROSPECT • 100% owned (royalty payable) • Very limited testing • Supergene and Primary mineralisation identified
Slide 24: Exploration Focus - 2008/2009
Exploration Focus - 2008/2009 Peak Hill/Meekathara Peak Hill Mine (gold) Resource upgrade - expected Q1/Q2 2009 Extend known mineralisation and test top tier exploration targets Mt. Padbury (gold) RAB/RC Drilling to test strike continuity at Wood Creek Durack (gold) Drilling targets
Slide 25: Maturing Investments
Maturing Investments Mt Padbury Iron Ore Sale First $1M cash payment received Up to $5M plus royalties payable going forward Auvex Resources Limited 10M shares held in Auvex (approximately 16%) Auvex intends to commence commercial manganese production mid 2009 Buxton Resources 2M ful
Slide 26: Summary
Summary Flagship project at the Peak Hill Mine with existing resources and exploration upside Satellite gold exploration ground at Mt Padbury and Durack. Backed by a strong board with extensive experience and a track record of discovery success Tight capital structure and director’s remunera
Slide 27: Competent Person statement
Montezuma Mining Company Ltd confirms the information in the Annual General Meeting presentation that relates to exploration results is based on information compiled by Justin Brown, who is a member of the Australian Institute of Mining & Metallurgy. Mr Brown is a geologist and has sufficient expe
Slide 28: Contact Details
Contact Details Please direct queries to: Justin Brown (Managing Director) Mobile: 0438 745 675 Email: info@montezumamining.com.au Website: http://www.montezumamining.com.au
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