Altoro Metals Limited · ASX:ARO
Altoro Metals — PlatSearch NL — Shareholder Meeting (November 2012)
24 slides from Altoro Metals's shareholder meeting presentation, November 2012
Slide 1: PlatSearch 2012 AGM Presentation
L PlatSearch 2012 AGM PRESENTATION > oD % Greg Jones - Managing Director
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation contains forward looking statements that are subject to risk factors associated with resources businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables
Slide 3: Macro Environment
Macro Environment THE MARKET Drop in commodity prices Significant fall in ASX listed resource company share prices Drying up of capital market – very risk averse environment Sharp discounts to any equity cash raisings Junior explorers and developers most affected Cash (and/or cash flow)
Slide 4: PlatSearch 12 Months In Review
PlatSearch 12 Months In Review EXPLORATION Two properties joint ventured to Thomson Resources Modest results from Mundi Plains MVT project BUSINESS DEVELOPMENT Advanced project acquisition activities progressing in Europe MOU with ERAMET signed INVESTMENTS Further investment into Eastern I
Slide 5: Assets
Assets KEY ASSETS: 27 exploration licences and applications 25 currently in joint venture Cash as of 30 Sept ~ $9.7 million Investments - 4.0% WPG Resources 45.8% Eastern Iron 14.6% Silver City Minerals 25.7% Thomson Resources Aguia Resources Liquid Assets of $14.7 million at 30 Se
Slide 6: Areas of Activity in Australia
Areas of Activity in Australia
Slide 7: Exploration Activities
Exploration Activities JV partners spent $3.0 million (vs. $2.6 million last year) 913m of diamond and 13,042m of RC and other Expenditure mainly from one area – Mundi Plains/Junction Dam Decline in JV expenditures from all other projects Two joint ventures signed this year – Ghostrider/Ac
Slide 8: Ghostrider and Achilles JV
Ghostrider and Achilles JV Two JVs with Thomson Resources TMZ earning 80% by spending $1M per JV Air core drilling and EM completed RC BB drilling planned next AA
Slide 9: Junction Dam Uranium
Junction Dam Uranium Teck / PTS / Eaglehawk / Marmota JV for uranium Marmota currently at 83.6% Resource of 3.3 million pounds U3O8 Drilling at Bridget and Yolanda has defined anomalous U values – new deposits? Drilling defined new intersections to south and east of Saffron Potential 6.5
Slide 10: Mundi Plains – UXA JV
Mundi Plains – UXA JV UXA to earn Teck’s JV share (up to 80%) 913m drilling on Dome 5 Modest results Focus now onto Polygonum (Pb-Zn-Ag) prospect
Slide 11: Mundi Plains – Polygonum Prospect
Mundi Plains – Polygonum Prospect High grade lead/zinc/silver results in previous drilling Includes 3.8m @ 9.25% Pb+Zn Targeting mineralised Bimba horizon within inferred basin
Slide 12: Investments and Activity
Investments and Activity Additional investment into Eastern Iron ($1.16 million) Capital return / franked dividend from WPG Resources of $10.9 million Value of investments declined due to poor market But valuable portfolio remaining No. shares PTS Ownership Price ($/s) Value or options % of
Slide 13: Investments and Activity: Capital Raisings and Investment Returns
Investments and Activity CAPITAL RAISINGS AND INVESTMENT RETURNS 16.0 Strong performance 14.0 since 2008 12.0 10.0 $ Millions 8.0 6.0 4.0 2.0 0.0 1997 1990 1991 1992 1995 1999 1993 1994 1996 1998 2001 2010 2011 2000 2003 2004 2006 2007 2008 2002 2005 2009 1987 1988 1989 PlatSearch New Companies Inve
Slide 14: Eastern Iron Limited
Eastern Iron Limited KEY ASSETS NSW channel iron deposits – JV with 3E Hawkwood magnetite – earning 80% Eulogie magnetite – purchased100% Nowa Nowa deposit –100% $3.1 million cash Eastern Australian Iron Focus
Slide 15: Eastern Iron – Hawkwood/Eulogie
Eastern Iron – Hawkwood/Eulogie Infrastructure rich region Magnetite bearing gabbros – coarse grained Thick, continuous horizons Resources – Tonnes Fe% TiO2% V% (Mt) Hawkwood 104 13.8 1.8 0.05 Eulogie 465 14.2 3 0.097 Total 569 14.1 2.8 0.088 Indicative magnetite concentrate grades – • Eul
Slide 16: Eastern Iron – Nowa Nowa
Eastern Iron – Nowa Nowa Good location – close to road, rail and port Magnetite/haematite skarn up to 80 metres thick Simple geometry, close to surface, well defined Minimal beneficiation required – LIMS, 1-6mm JORC resource of 11.6Mt at 49.8% Fe, still open Relatively low capital cost t
Slide 17: Eastern Iron – Nowa Nowa
Eastern Iron – Nowa Nowa Eastern Iron poised for a valuation re-rating as the Nowa Nowa Project moves to completion of Scoping Study, to Feasibility Study, to Production. Enterprise Value – Iron producers Eastern Iron A$1.9/t - 1Mtpa BC Iron A$93.9/t - 1.5Mtpa Mount Gibson Iron A$110.5/t - 4Mtpa Atl
Slide 18: Business Development - European Initiative
Business Development - European Initiative WHY EUROPE? Very strong endowment. World class deposits – ‘cradle of modern mining’ • rich Laurion silver deposits in Greece, • world-class copper, silver and iron deposits of Rio Tinto - the most important source of metals for the Roman empire, • tin dep
Slide 19: Europe 420-300 million years ago
Europe 420-300 million years ago
Slide 20: Europe – Key Variscan Aged Deposits
Europe – Key Variscan Aged Deposits
Slide 21: Business Development - European Initiative
Business Development - European Initiative WORK TO DATE Detailed geological / targeting study Political / sovereign risk assessments Opportunity definition - high quality, advanced assets Decision to pursue projects in specific regions Acquisition work commenced (mid 2011) Minimal expendit
Slide 22: Business Development - European Initiative
Business Development - European Initiative Project acquisition through wholly owned EU subsidiary Office in La Source, Orleans, France One of Europe’s most complete geological / metallogenic datasets : 3.5Tb Local European team – very high level of exploration expertise MOU with ERAMET to
Slide 23: Key European Personnel
Key European Personnel Dr. Jack Testard – President Geologist. Ex BRGM – Head of Minerals Resources Division. 40 years experience in France and other EU countries. Former Manager of Ovacik gold mine – Turkey. President of French Chamber of Mines. Dr. Michel Bonnemaison – Director General Geologist.
Slide 24: PlatSearch Summary
PlatSearch Summary Well funded with strong backing Diversified investment portfolio with upside Focus on advanced project generation and acquisition Pursuing opportunities within Europe PlatSearch NL ABN: 16 003 254 395 THANK YOU Level 1, 80 Chandos Street St Leonards NSW 2065 & PO Box 956 C