Activex Limited · ASX:AIV
Activex — Investor Presentation (October 2009)
40 slides from Activex's investor presentation, Oct 29, 2009
Slide 1: Investor Presentation
Investor Presentation October 2009 For personal use only Doug Young Managing Director ActivEX Limited Active explorers for new gold-copper resources …. moving towards development Oct 2009 1
Slide 2: Company History
Company History Mineral exploration company focused on gold and copper For personal use only z z Listed April 2006 raising $3M z Landmark joint ventures established with Mitsubishi/Minotaur and Norton Gold Fields z Drill testing at 75% of project areas z $4.5M spent on projects since listing z Signi
Slide 3: 2008-9 Highlights
2008-9 Highlights z Option to Purchase exercised Lake Chandler Potash Deposit For personal use only z Maiden Resource at Lake Chandler - scoping study in progress z Significant ground position secured in the Cloncurry district z Highly anomalous copper, gold and molybdenum values in initial work, Cl
Slide 4: Capital Structure
For personal use only Capital Structure z Issued Capital (post July 2009 rights) 61,983,083 z Total Issued Capital (post LC option exercise) 70,483,083 z Unlisted Options 2,150,000 z Bonus Options Issue 1 for 5 (ex July 2010 @ 8c) 15,896,616 z Key holders - M Ruane (& Associates) 19.9% - MD 14.8% -
Slide 5: Board of Directors
Board of Directors 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, Griffi
Slide 6: Portfolio
z Gold and copper/gold exploration focus Portfolio For personal use only specialising in Queensland terranes z Potash development potential WA wheat-belt Oct 2009 6
Slide 7: Advanced Projects
For personal use only Advanced Projects Oct 2009 7
Slide 8: Lake Chandler Potash Project
Lake Chandler Potash Project z Option to purchase granted Mining Lease and data For personal use only – exercised October 2009 z Located in central wheat-belt of WA, 48km north of Merredin z Salt lake with alunitic clays (hydrated potassium sulphate) Oct 2009 8
Slide 9: Potash – Previous Work
Potash – Previous Work z Discovered 1920s, mined for For personal use only potash in 1940s - idle since z Extensive drilling in 1980s – 112 holes, 315 samples z Consistent mineralisation over top 6m of lake sediments z Drilling information confirmed, Inferred JORC Resource announced Jan 2009 z Ident
Slide 10: Potash - Resources
Inferred Resource 5.8M tonnes @ 5.7% K2O Potash - Resources For personal use only z z Minor infill drilling needed to z 20-30 year mine life at planned upgrade resource status production rates The data in this report that relates to Mineral Resources for the Lake Chandler Deposit is based on informa
Slide 11: Lake Chandler Processing
Lake Chandler Processing z Extensive test data collated For personal use only z 3 possible treatment routes reviewed with different product outcomes z Preferred processing path – ammonia pressure leach (PAL) process – improved leach technology – lower capital and operating costs – market ready produ
Slide 12: Processing flowsheet
ROM Sizer Bore Field Water For personal use only Scrubber CCD Circuit NH3 NH3 stripper RO Plant Autoclave Surge Tank Saline discharge Crystalliser Products Alumina rich residue Oct 2009 SOP and SOA 12
Slide 13: Potash – Supply and Demand
Potash – Supply and Demand Drivers For personal use only z world demand for food is increasing z competing demand on agricultural products for fuel stocks z available arable land decreasing z need for improved productivity/yields Oct 2009 1
Slide 14: Potash – Supply and Demand
Potash – Supply and Demand Drivers For personal use only z world demand for food is increasing z competing demand on agricultural products for fuel stocks z available arable land decreasing z need for improved productivity/yields Demand z demand for all fertilisers increasing z potash shows greatest
Slide 15: Potash – Supply and Demand
Potash – Supply and Demand Drivers For personal use only z world demand for food is increasing z competing demand on agricultural products for fuel stocks z available arable land decreasing z need for improved productivity/yields Demand z demand for all fertilisers increasing z potash shows greatest
Slide 16: Potash – Future Outlook
Potash – Future Outlook Geography on our side – For personal use only transport advantages z Principal producers in Canada, Russia Belarus z few southern hemisphere producers z high demand in Asia z no local production z import replacement is our principal target market Oct 2009 14
Slide 17: Potash – Prices
Potash – Prices z SOP trades at 20-30% premium to MOP z Global demand/supply balance is projected to keep prices high for the foreseeable For personal use only future z No obvious new sources of supply z Potash prices remain high despite retraction of other fertiliser and reagent prices z Potash pri
Slide 18: Exploration Projects
For personal use only Exploration Projects Oct 2009 16
Slide 19: QLD Portfolio
QLD Portfolio z Gold and copper/gold focus specialising in For personal use only Queensland terranes – projects cover 1736sq. km z Large porphyry copper-gold potential at Cairns Booubyjan, Blairmore, Pentland – 88m @ 0.47% Cu, 0.49g/t Au Kidston Townsville – Cu/Mo/Au zones, 47m @ 0.9g.t Au Ernest He
Slide 20: Cloncurry Projects
Cloncurry Projects For personal use only z Prospective for Iron Oxide style 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 21: Florence Creek – IOCG Targets
Florence Creek – IOCG Targets For personal use only z Emerald Well – gravity/mag target with IOCG mineralisation Oct 2009 Gravity data 4
Slide 22: Florence Creek – IOCG Targets
Florence Creek – IOCG Targets For personal use only z Emerald Well – gravity/mag target with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation Oct 2009 Gravity data 5
Slide 23: Florence Creek – IOCG Targets
Florence Creek – IOCG Targets For personal use only z Emerald Well – gravity/mag target with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation z Ironclad – mag target with haematitic breccias and copper Oct 2009 Gravity data 6
Slide 24: Florence Creek – IOCG Targets
Florence Creek – IOCG Targets For personal use only z Emerald Well – gravity/mag target 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 Oct 2009 Grav
Slide 25: Florence Creek – Skarn Targets
Florence Creek – Skarn Targets z Green Valley - fold nose, mag and For personal use only gravity target, copper workings Oct 2009 Aeromagnetic data 8
Slide 26: Florence Creek – Skarn Targets
Florence Creek – Skarn Targets z Green Valley - fold nose, mag and For personal use only gravity target, copper workings z Florence Bore – 4m @ 3% Cu, 0.3g/t Au, workings, gravity and mag targets Oct 2009 Aeromagnetic data 9
Slide 27: Florence Creek – Skarn Targets
Florence Creek – Skarn Targets z Green Valley - fold nose, mag and For personal use only gravity target, copper workings z Florence Bore – 4m @ 3% Cu, 0.3g/t Au, workings, gravity and mag targets z Dandy/Trump –12m @ 2.9%Cu, 0.38g/t Au, mag anomalies, high Mo in rock samples to 0.4% Mo Oct 2009 Aero
Slide 28: Florence Creek – Skarn Targets
Florence Creek – Skarn Targets z Green Valley - fold nose, mag and For personal use only gravity target, copper workings z Florence Bore – 4m @ 3% Cu, 0.3g/t Au, workings, gravity and mag targets z Dandy/Trump –12m @ 2.9%Cu, 0.38g/t Au, mag anomalies, high Mo in rock samples to 0.4% Mo z Wallaces Hi
Slide 29: 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 Florence Bore North – workings, rock chips to 7% Cu, 4g/t Au, 210ppm U, mag and gravity anomaly z Florence Bore
Slide 30: Booubyjan - Geology
Booubyjan - Geology z 80 km west of Gympie, JV with For personal use only Minotaur and Mitsubishi earning in z Porphyry Cu-Au prospect in co- magmatic Triassic Volcanics Sefton z Composite intrusive centre at intersection of two major structural Dadamarine sets z Significant previous drilling at Goo
Slide 31: Goonuloom – Geochem/Mag
Goonuloom – Geochem/Mag Hines – 26m @ 0.35% Cu, For personal use only 0.45g/t Au from 20m Kiwi - 14m @ 0.72% Cu, Kakapo – 88m @ 0.47% Cu, 0.72g/t Au from 16m 0.49g/t Au from 38m ABJ010 – 42m @ 0.13% Cu, 0.04g/t Au White Horse – 38m @ 0.74% Cu, 0.13g/t Au from 20m, strong alteration ABJ012 – 109m @ 0
Slide 32: Goonuloom Stock – IP Targets
Goonuloom Stock – IP Targets For personal use only -20m Oct 2009 12
Slide 33: Goonuloom Stock – IP Targets
Goonuloom Stock – IP Targets For personal use only -70m Oct 2009 13
Slide 34: Goonuloom Stock – IP Targets
Goonuloom Stock – IP Targets For personal use only -120m Oct 2009 14
Slide 35: Goonuloom Stock – IP Targets
Goonuloom Stock – IP Targets For personal use only -170m Oct 2009 15
Slide 36: Goonuloom Stock – IP Targets
Goonuloom Stock – IP Targets For personal use only -220m Oct 2009 16
Slide 37: Goonuloom Stock – IP Targets
Goonuloom Stock – IP Targets For personal use only Circular pyritic “shell” with broad zones of low-moderate grade copper/gold Oct 2009 17
Slide 38: Goonuloom Stock - Targets
Goonuloom Stock - Targets For personal use only Deep magnetic targets in the centre of the system are 2009 drill targets Summary z Coherent pyritic shell z Large and intense alteration system over several km z Wide zones of mineralisation 30-100m Drilling has still not intersected the hottest (best
Slide 39: Project Status
Project Status For personal use only z Development ? z Scoping/Pre-feasibility Lake Chandler studies z Drilling Booubyjan, Barambah, Pentland z Geophysical surveys/target Florence Creek, definition Norwood South z Prospects identified/field Ban Ban, Blairmore, Prospect surveys in progress Creek, Oxl
Slide 40: Why Invest in AIV
Why Invest in AIV z Potash development potential – Lake Chandler WA For personal use only z Exciting IOCG copper gold targets in Cloncurry - drill ready early 2010 z Strong project pipeline (organic growth) z Tight capital structure – only 62 million shares z Capable and stable board and management