Metals Australia Ltd · ASX:MLS
Metals Australia — Shareholder Meeting (November 2006)
15 slides from Metals Australia's shareholder meeting presentation, Nov 23, 2006
Slide 1: Cover letter: Presentation at Annual General Meeting
WM META LS Ist Floor, 8 Parliament Place West Perth WA 6005 PO Box 1618 West Perth WA 6872 AUSTRALIA LIMITED Tel: (08} 9481-7833 ACN 008 982 474 Fax: (08) 9481-7835 Email: mis@metalsaustralia.com.au Website: www.metaisaustralia.com.au 23 November 2006 The Manager Company Announcements Office Austral
Slide 2: Exploration & Development of the Manindi Zinc Deposits
METALS AUSTRALIA LIMITED Exploration & Development of the Manindi Zinc Deposits, South Murchison, WA.
Slide 3: Manindi project key highlights
& The Manindi project has a global resource of 1.05 Mt @ 7.64% Zn (ata 1% Zn cut- off) and includes the Kultarr deposit at 603,130 t @ 7.66% 2n.- “ Resource has a strong potential for significant upgrades to the resource tonnage through further drilling. : * DHEM has identified a number of new targe
Slide 4: LME Zinc stockpiles continue to dwindle
LME Zinc stockpiles continue. ~ to dwindle and are projected to.. reach critical levels inthe first quarter of 2007. The current draw down rate on the stockpile “_ME Stockpile @ 89450 tonnes at 22 Nov 2006 a Ml. 1 Year Zinc kilce.com O41 May: O4dul O1Sep O41 Now: oe n m a = = of o 6 is >30,000 t/ mt
Slide 5: Manindi Zinc Project
Manindi Zinc Project « Established Resource Positions. < Active Exploration & Resource Definition Program. Mining & Precessing options being assessed. Sherlock Bay Extended — Ni, Cu & Au *. Surrounds the Sherlock Bay Nickel Deposits. % Project contains both Goid & Base Metal targets. 7 METALS FIGU P
Slide 6: Manindi project location and tenure
cd 860000 Eu Sandstone: f| 1H + 500 km NE of Perth. en00000 “120 km NE of Paynes Find. Accessed via Great Norther Hwy & . Sandstone Road, then pastoral and exploration tracks. Cound egn0u00 Established & Granted tenure covering over 1580 hectares. pe Maningi Zine Project Project covers a portion of
Slide 7: The Manindi Zinc Deposits are Volcanogenic Massive Sulphides
« The Manindi Zinc Deposits are... Volcanogenic Massive Sulphides, similar to. those found at: - Oxiana’s ‘Golden Grove’ & Jabiru Metals . Jaguar-Teutonic Bore’ Projects. “ MLS owns over six kilometres of prospective stratig raphy. % Current resource base of: 4 1,05 Nit @ 7.64% Zn ata 1% Zn Cut-Off
Slide 8: Warabi (Zone A) and Mulgara (Zone B) resources and drilling
“+ Warabi (Zone A), to the south of Mulgara, has a resource of. 119,350 tonnes @ 8.42% Zinc. % Recent MLS-drilling at Warabi includes results. of: MNRC 008. 5m @ 11.80% Zn from 44m MNRC 014 18m @ 14.96% Zn from 43m Mulgara (Zone B).is the second largest overall resource position, with a resource of:
Slide 9: Warabi and Mulgara cross sections
a a é z z 2 i if a 5 & a a a 5 a 50 ‘sso RL INeERRED WARABI (ZONE A) is MULGARA (ZONE B) senna sumac sm cacmnn * hea 450 RL “56 TARGET ZONE. FRGpSE Fecereruceeans ‘450 RL ied oze GRADE MObEL ne eRgaza oat 1400 a FROO30 ~ Borsa WLS Monind LS (20% Mateos : . aso RL 5 u S METALS AUSTRALIA LG : i Taene
Slide 10: Kowari and Kultarr resources and drilling
“ Kowari (Zone D South) has.a resource of: 111,930 tonnes @ 6.43% Zinc. Kultarr (Zone D North) is the largest existing resource position, and stands at: 603, 130 tonnes @ 7.66% Zinc. «* Mineable through a combination of both underground & open pit methods. “ Excellent potential for significant resou
Slide 11: Kowari and Kultarr sections
HKOWARI (ZONE B.STH) areraonsunence KULTARA (ZONE D NTH) : os Tad | op | wanoce acai a | a | a be oy TC a = — =
Slide 12: Primary Treatment Option – On Site Processing
Primary Treatment Option — On Site Processing ‘Involves the combination of a number of proven technologies to maximise the cost benefit to MLS. * Ore will be mined and put through a-crushing circuit prior to being placed . on a leach pad and undergoing bacterial leaching. The produced liquor would t
Slide 13: Strong fundamentals for zinc
ae Strong fundamentals for zinc. * Significant value in the existing. Manindi resources, with ¢ resource increases targeted i in the near term. 3 Low capex & potentially short lead time for project start up. . Utilisation of an:innovative mixed of proven technologies for processing... ~ ~ Excellent
Slide 14: SUISTRALIN LAUETEED
SUISTRALIN LAUETEED () METALS . . page 13 ‘Sl .
Slide 15: Disclaimer
This presentation has been prepared by Metals Australia Ltd (“MLS”) as a summary of its Manindi Zinc Project and is for general information purposes only. The presentation is not, and should not, be considered as an offer or invitation to subscribe for, or purchase any securities in MLS, or as.an in
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