Athena Resources Limited · ASX:AHN
Athena Resources — Investor Presentation (August 2014)
17 slides from Athena Resources's investor presentation, Aug 11, 2014
Slide 1: ASX Announcement Clarification - Company Presentation
For personal use only 11 August 2014 Australian Securities Exchange Company Announcements ASX Announcements Clarification - Company Presentation. Athena Resources Limited – (ASX: AHN) wishes to provide a clarification to the company’s ASX announcement dated 22 July 2014 , Company Announcement. The a
Slide 2: Nickel, Hematite and Magnetite Iron Ore
NIGKEL HEMATITE AND MAGNETITE IRON ORE
Slide 3: Presentation Disclosures
Presentation Disclosures For personal use only – This presentation is provided for the sole purpose of providing preliminary technical, financial and other background information to enable you to review the business activities of Athena Resources Limited (“Athena”). – The material provided does not
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Ordinary Shares 123.0M Board of Directors Unlisted Options @ 6c 4M Mr David Webster Non Exec Chairman Market Capitalisation $ 3.9M Involved in extensive Chinese Investments into Agriculture and associated infrastructure in Share Price @ 30 June 2014 3.2c Aust
Slide 5: Regional Project Locations
REGIONAL PROJECT LOCATIONS Containing High Quality JORC Resources and Exploration Targets ● Ni-Cu_PGE ● DSO Hematite ● Magnetite ● Beneficiable Hematite For personal use only 4
Slide 6: Key Areas of Mineralisation Within 2500km2 Tenements
Key Areas of Mineralisation Within For personal use only 2500km2 Tenements • Multiple Exploration Areas • Various stages of target development • 4 Nickel and Copper ore body PGE Sites development • 5 DSO Hematite Sites • 9 Beneficiable Hematite Sites • 11 High grade Magnetite Sites Some combination
Slide 7: Milly Milly Intrusion Nickel-Copper-PGE Project
MILLY MILLY INTRUSION For personal use only Nickel – Copper – PGE Project Large volumes fertile primary magma containing disseminated Ni sulphide at elevated levels above 0.3%Ni Confirmed phases of flow with suitable geochemistry. Developed exploration model based on similar occurrences BEST R
Slide 8: Significant Regional Context: Athena Drilling Results
SIGNIFICANT REGIONAL CONTEXT For personal use only Athena Drilling Results Nova Bollinger Discovery made Best Nickel with the Assistance of Elevated nickel sulphide in multi Surface sampling, EM, Gravity sulphide assemblage. and Drilling 22.7m @ 0.301% Ni from 232.3m Sirius Resources’ (SIR) Nova Inc
Slide 9: Compelling Ni Cu Targets
Compelling Ni Cu Targets For personal use only Mid-time IP data Target Sites Located at Multiple Overlapping Anomalies (green dots) • Soil Ni assay anomaly • Proximal to >1.0% Ni shallow drilling • TEM anomaly • Structural dilation zone • VTEM • Local high magnetic amplitude • IP anomaly INFLATIONAR
Slide 10: Magnetite and Hematite Iron Ore Project: Metallurgy and Processing
For personal use only Magnetite and Hematite Iron Ore Project Metallurgy and Processing 9
Slide 11: Estimate of Athena DSO Hematite Potential
Estimate of Athena DSO Hematite Potential Table 1 For personal use only Athena Exploration Potential Range of 2.8 – 19Mt at 54 – 59% Fe For DSO Hematite Iron Ore The range estimated is in accordance with JORC Table 2 (2012) guidelines represented in Tables 1 and 2. Grade range is taken from 106 samp
Slide 12: High Amplitude Magnetite Estimated Exploration Target
HIGH AMPLITUDE MAGNETITE ESTIMATED EXPLORATION TARGET1 For personal use only Assumed Parameters for Range of Magnetite Exploration Targets July 2014 (based on minimum and maximum cases) Parameter Exploration FE1 Byro North Byro Deeps Byro South Milly Milly Mt Narryer Target Range Width at Outcrop (m
Slide 13: Estimate of Athena Magnetite Potential
Estimate of Athena Magnetite Potential Magnetite Exploration Target July 2014 For personal use only Range Tonnes Mt % Fe Cont Fe FE1 Maximum 6,300,000.00 6.3 42.1 2,649,150.00 Minimum 2,021,250.00 2.0 31.1 628,810.88 Byro North Maximum 90,956,250.00 90.9 44.0 Athena Exploration Potential 40,002,558.
Slide 14: FE1 JORC Compliant Inferred Resource
FE1 JORC COMPLIANT INFERRED RESOURCE1 For personal use only 22,000,000 at 0 cut off OXSTATE Mt DTR DTR DTR DTR DTR DTR Densit DTR Fe % SiO2 % Al2O3 % P% S% LOI % y % (t/m3) Fresh 18.1 70.7 1.16 0.32 0.003 0.014 -3.26 3.5 35.1 Economic Resource at FE1 Metallurgy and Beneficiation Low Cost Processing
Slide 15: Exploration Program Costs
EXPLORATION PROGRAM COSTS NI -CU EXPLORATION For personal use only 1. GRAVITY SURVEY - August – 2014 Estimated Cost $40,000.00 2. ELECTRO-MAGNETIC SURVEYS: Estimated Cost $35,000.00 3. 1500m DRILLING - September 2014 Estimated Cost $250,000.00 Ni Cu Exploration Program Cost $325,000.00 4. RC IRON DR
Slide 16: Athena Resources Limited
ATHENA RESOURCES LIMITED For personal use only 15
Slide 17: Contact Details
For personal use only Contact Details ASX : AHN www.athenaresources.com.au email Ed Edwards. EE@athenaresources.com.au Liam Kelly. Liam Kelly@athenaresources.com.au 24 Colin Street West Perth Western Australia 6005 PO Box 1970 West Perth Western Australia 6872 Ph 08 9222 5888 Fx 08 9222 5810
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