Aeon Metals — Investor Presentation (March 2013)
18 slides from Aeon Metals's investor presentation, March 2013
Slide 1: A Leading Copper Resource Company
Aeon Metals Limited ASX: AQR A Leading Copper Resource Company March 2013 1
Slide 2: Disclaimer
DISCLAIMER Presentation March 2013 DISCLAIMER: This document has been prepared by Aeon Metals Limited ("Aeon") for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. Any statements, opinions, projections, forecasts or other material containe
Slide 3: Aeon's Market – Copper & Moly Leverage
AEON’S MARKET – COPPER & MOLY LEVERAGE Presentation March 2013 Copper: not enough to go around+hard to find Molybdenum: 2012 Unkind • Supply/Demand pointing to continued price • Moly oxide prices weakened considerably in stability and strength: 2012: • Underperforming mine supply over past • Strong
Slide 4: Corporate Overview (as at 25 March, 2013)
CORPORATE OVERVIEW (as at 25 March, 2013) Presentation March 2013 Capital Structure Share Price Graph • Aeon Metals Limited (ASX:AQR) • 174,049,709 shares on issue • 14.3m options • Cash - $2m • Share Price - ~$0.30 • Market Capitalisation (undiluted) – ~$50m Board of Directors Shareholders • Thomas
Slide 5: Market Filter
MARKET FILTER Presentation March 2013 • Small Cap Resource Market: AS39 Small-Cap Resources Index • Risk capital left the market in May 2012 and has only trickled back. • Liquidity in small cap resource companies evaporated. Simply no buyers. • Capital raising and asset growth difficult. • Market “f
Slide 6: Asset Location
ASSET LOCATION Presentation March 2013 • 2 Mineral Provinces within Aeon Metals’ large, contiguous tenement DARWIN Tenements holding: • Copper porphyry; AND Townsville • Volcanic hosted Northern sulphides. Territory • Core asset base: Gladstone • Combined Greater Western Bundaberg Queensland Whitewa
Slide 7: Projects Overview – Real Assets
PROJECTS OVERVIEW – REAL ASSETS Presentation March 2013 1. Greater Whitewash/John Hill/Kiwi Carpet: • Large Nth-Sth striking copper porphyry style mineralisation. • Objective to delineate over billion tonne, long mine life copper resources – open pittable. • Greater Whitewash - 242mt resource • John
Slide 8: John Hill Copper Project
JOHN HILL COPPER PROJECT Presentation March 2013 • Maiden drill campaign in Jan 2012 discovered new and effectively blind large porphyry copper mineralised body: • Nominee in Queensland Explorer of the Year Award based on John Hill discovery. • 10km north along strike from Greater Whitewash Project.
Slide 9: Combined John Hill & Kiwi Carpet Cu Projects
COMBINED JOHN HILL & KIWI CARPET Cu PROJECTS Presentation March 2013 • The known mineralisation at the combined John Hill and Kiwi Carpet system is 6.3km long and 2km wide - LARGE. • 59 holes have been drilled into Kiwi Carpet (1970’s), 1km north of John Hill, by Kennecott: • All shallow holes histo
Slide 10: New Discovery – 7B Cu-(Au?) Project
NEW DISCOVERY – 7B Cu-(Au?) PROJECT Presentation March 2013 • Recent discovery of previously unknown outcropping copper mineralisation at 7B, 20km west of Whitewash. • Located nearby old copper workings; • High copper rock chip result – 39.1% Cu, 0.335ppm Au • Clear copper and copper-gold soil anoma
Slide 11: 7B Cu-(Au?) Project (cont.)
7B Cu-(Au?) PROJECT (cont.) Presentation March 2013 • The recent RC drilling program at 7B Hole No. Intersect Cu Au Ag Zn From To m % g/t g/t % m m comprised 13 drill holes for a total of B004 24 0.40 0.04 2.3 1 25 850m. incl 4 0.70 0.07 3.0 4 8 B005 2 0.54 0.05 3.7 0 2 • Highlights of the drill res
Slide 12: 7B Cu-(Au?) Project (cont.)
7B Cu-(Au?) PROJECT (cont.) Presentation March 2013 • The ultimate purpose of this drill campaign was to determine the geological model associated with the geochemical soil anomalies and recently discovered old copper workings at 7B and determine the nature of the host. • Observations from drill log
Slide 13: 7B Cu-(Au?) Project (cont.)
7B Cu-(Au?) PROJECT (cont.) Presentation March 2013 • The prospect area is one of low relief and very poor rock outcrop exposures. • The current geochemical soil anomalous area is bounded on the north by extensive thin Tertiary basalt flows. • Airborne magnetic survey data indicates that the prospec
Slide 14: Greater Whitewash Project
GREATER WHITEWASH PROJECT Presentation March 2013 • Large project supported by large (242mt) independent expert (SRK) JORC resource. • MDL Status • The resource remains open at depth, along strike and across strike in many places. • Additional drilling could materially increase resource. • Substanti
Slide 15: Next Steps
NEXT STEPS Presentation March 2013 • Advance 7B - 3D review and drill. • John Hill/Kiwi Carpet resource delineation - drill. • Greater Whitewash/John Hill/Kiwi Carpet mine development synergy review. • Rio Tinto to spend $200k on tenement bordering Greater Whitewash resource. Aeon Well Positioned: •
Slide 16: Appendix 1: JORC Resource Estimate
APPENDIX 1: JORC RESOURCE ESTIMATE The information in this report that relates to Resources is based on information compiled by Danny Kentwell, a full time employee of SRK Consulting (Australasia) who is a Member of The Australasian Institute of Mining and Metallurgy and who has sufficient experienc
Slide 17: Appendix 1: JORC Resource Estimate (Notes)
APPENDIX 1: JORC RESOURCE ESTIMATE (Notes) Notes: 1. MoEq = Mo + Cu/3.8 + Ag*28.8 all elements are assumed to have the same process recovery 2. Includes all fresh transition and weathered material 3. Two overall domains used for estimation, high grade >500Moeq (500) and background > 50 MoEq (GD_REM)
Slide 18: Appendix 2: Competent Person Statement
APPENDIX 2: COMPETENT PERSON STATEMENT Presentation March 2013 The information in this report that relates to exploration results and mineral resources is based on information compiled by Mr. John Goody, Executive Director of Exploration, Aeon Metals Limited (“Aeon”) and supervised by Mr Martin I’On