Empire Resources Limited · ASX:ERL
Empire Resources — Investor Presentation (October 2010)
28 slides from Empire Resources's investor presentation, Oct 20, 2010
Slide 1: Investor update – October 2010
For personal use only Investor update – October 2010 1
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only This presentation has been prepared by Empire Resources Limited (“Empire” or the “Company”) and contains general background information about Empire’s activities current as at the date of this presentation (“Informat
Slide 3: Highlights
Highlights g g For personal use only • Core focus - copper pp and g gold in WA • Dominant tenement position in emerging Youanmi base metal province • Indicated and Inferred Resource of 1.07 million tonnes at 1.82% copper and 0.78g/t gold which remains open at d th depth • New copper targets ready fo
Slide 4: About Empire
About Empire p For personal use only Capital Structure Shares on issue: 106.6 million Unlisted options on issue: 13.93 million Market capitalisation: circa $7.9 million ASX Code: ERL Directors Source: Paritech Tom Revy Chairman (Non (Non-executive) executive) David Sargeant Managing Director Adrian
Slide 5: Current Activities
Current Activities For personal use only • Resource expansion drilling at 100%-owned Yuinmery project • Acquisition of surrounding tenements from La Mancha • $2M Option to sell Penny’s Find gold resource project signed • Completed divestment of Yarlarweelor uranium project to FYI Resources (ASX:FYI)
Slide 6: Location
Yuinmery y Project j Location For personal use only 6
Slide 7: Greenstone Belts
Yuinmery y Project j Greenstone Belts For personal use only Dominant tenement position in emerging Y Youanmi i base b metal province 7
Slide 8: Main prospects
Yuinmery y Project j Main prospects For personal use only 8
Slide 9: Mineralisation
Yuinmery y Project j Mineralisation For personal use only 9
Slide 10: Just Desserts prospect long section
Yuinmery y Project j Just Desserts prospect long section For personal use only 10
Slide 11: Polished section – massive sulphides
Yuinmery y Project j Polished section – massive sulphides For personal use only 11
Slide 12: No environmental or heritage issues
Yuinmery y Project j No environmental or heritage issues For personal use only 12
Slide 13: La Mancha Option Agreement
Yuinmery y Project j La Mancha Option Agreement For personal use only 13
Slide 14: La Mancha Option Agreement
Yuinmery y Project j La Mancha Option Agreement For personal use only • Option agreement with La Mancha Resources to acquire 75.82% interest in 149km2 granted tenement holding • Favourable F bl acquisition i iti tterms negotiated ti t d ¾ $150,000/annum minimum expenditure for 3 years, $750,000 exer
Slide 15: La Mancha Option - Lorne Gossan
Yuinmery y Project j La Mancha Option - Lorne Gossan For personal use only 15
Slide 16: La Mancha Option - Lorne Gossan
Yuinmery y Project j La Mancha Option - Lorne Gossan For personal use only 16
Slide 17: La Mancha Option - Lorne Gossan
Yuinmery y Project j La Mancha Option - Lorne Gossan For personal use only 17
Slide 18: Copper geochemistry
Yuinmery y Project j Copper geochemistry For personal use only 18
Slide 19: Comparative study
Yuinmery y Project j Comparative study For personal use only 19
Slide 20: Troy Creek Project
Troy y Creek Project j For personal use only • Early stage copper, gold and platinum exploration project covering 270 km2 • Multiple targets along 20km long zone • Drilling returned highly encouraging intercepts in 2 holes ¾ 2m at 4.65% copper from 91m within 36m zone of sulphide mineralization assa
Slide 21: Penny's Find Project
Penny’s y Find Project j Measured, Indicated, Inferred Resource For personal use only • of 314,000 tonnes at 5.18g/t Au, free milling • Staged St d cashh payments t totaling t t li $2.0 $2 0 million illi ffor a 100% interest i t t off the project; or • Staged g cash payments totaling g $0.5 million
Slide 22: New Projects
New Projects j Wynne For personal use only • E Exploration l ti lilicence application li ti iin G Gascoyne region i off WA • Significant strike length ((~ 4km) of untested gossans • Initial rock chip sampling has confirmed anomalous levels of base metal mineralisation (Cu, Pb, Zn) • Geophysical surv
Slide 23: Strategic Investments
Strategic g Investments FYI Resources Limited (ASX:FYI) For personal use only • Empire holds 32% of issued capital • Principal asset - Yarlarweelor uranium project • 656 km² tenement holding • Significant drill intersections include; ¾35m at 503ppm U3O8, including 5m at 1 1,069ppm 069ppm U3O8 in KRD
Slide 24: Yarlarweelor Project
Yarlarweelor Project j For personal use only 24
Slide 25: Sector Analysis
Sector Analysis y For personal use only • Empire attractively valued relative to ASX-listed peers with copper resource and exploration projects in Australia EV/Resource tonne (A$/t Cu) $2,000 $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $‐ $ SWN CDU VXR HGO EXS RXM ERL TTR SMD QMN Enterpri
Slide 26: Investment Case
Investment Case For personal use only • Large g footprint p within emerging g g base metals province p • Established resource with several drill ready targets p • Potential for considerable upside through g exploration p success • Additional exposure to advanced stage gold and uranium assets • Sound
Slide 27: Contact details
Contact details: For personal use only David Sargeant Empire Resources Limited 53 Canning Highway Victoria Park WA 6100 08-9361-3100 0438-690-699 C t t us att info@resourcesempire.com.au Contact i f @ i or via i our web site: resourcesempire.com.au 27
Slide 28: Notes on the Penny's Find Resource
Notes on the Penny’s Find Resource An updated resource estimate for the Penny’s Find gold mineralisation was completed and announced to the market on 8 August 2007 and 12 October 2007. There has been no change to the resource since that time. The mineral resource by category is 314,000 tonnes averag
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