Australian Mines Limited · ASX:AUZ
Australian Mines — Merger or Acquisition (November 2010)
28 slides from Australian Mines's merger presentation, Nov 17, 2010
Slide 1: Presentation on Nigeria Gold Pty Ltd Acquisition
17 November 2010 ASX Announcement For personal use only PRESENTATION ON NIGERIA GOLD PTY LTD ACQUISITION Australian Mines Limited (ASX:AUZDA) is pleased to present an investor update provided by Nigeria Gold Pty Ltd on the Nigerian Gold Project acquisition which was announced to the ASX on 15 Novemb
Slide 2: Nigeria Gold
For personal use only NIGERIA G O L D www.nigeriagold.com.au
Slide 3: Disclaimer
Disclaimer For personal use only This information presentation (the “Presentation”) is supplied on the following conditions, which are expressly accepted and agreed to by the recipient ("Recipient"), as evidenced by the retention by the Recipient of this document. If these conditions are not accepta
Slide 4: Contents
For personal use only Contents About Nigeria Gold Page 4 West Africa, a major gold producer Page 5 Falling Australian Exploration Page 7 Nigeria, not a new entrant Page 8 Licence Areas Page 12 The People Page 25 Contact Details Page 27 3
Slide 5: About Nigeria Gold
For personal use only About Nigeria Gold Founder and shareholders are Nigerian & Australian Owns 100% of the Nigerian company Mines Geotechniques Limited, with 47 exploration licence covering 2,170 km2 and a further 17 exploration licence applications pending, covering 1,924 km2 Leases located
Slide 6: West Africa Gold Hotspots
West Africa Gold Hotspots For personal use only 5
Slide 7: A Major Gold Province
A Major Gold Province For personal use only Mine West African Country Company Resource oz (million) Obusai Ghana AngloGold Ashanti 60 Tarkwa Ghana Gold Fields/IAMGOLD 40 Ahafo Ghana Newmont 17 Prestia-Bogusu Ghana Golden Star 13 Bibiana Ghana Noble Minerals 7 Mana Burkina Faso Semafo 3 Essakane Burk
Slide 8: Falling Australian Exploration
Falling Australian Exploration Deep cover is making exploration more expensive in places like Australia. In For personal use only Nigeria little overburden and abundance of small scale artisanal mining operations reduces exploration costs. 7
Slide 9: Nigeria, not a new entrant
Nigeria, not a new entrant For personal use only Past production, mainly from Northwest of country Nigerian gold production ramped up very quickly from 1933 and then died out during the Second World War, but never recovered following the discovery of oil 8
Slide 10: Nigeria Geology
9 For personal use only Nigeria Geology 9
Slide 11: Nigerian Mining Scene
Nigerian Mining Scene For personal use only Largely unexplored in terms of modern exploration techniques. North West Schist belt has similarities to better known Birimian area of Ghana one of the world’s top gold producers. Mining sector has sprung to life following government reform programs
Slide 12: Background on Nigeria
Background on Nigeria For personal use only Former British protectorate independent since 1960 . Legal system based on British common law and English language. New constitution adopted in 1999 with peaceful transition to civilian government. Country experiencing its longest period of civilia
Slide 13: Nigeria Gold's Projects existing License
Nigeria Gold’s Projects 47 existing License Three Main Licence areas covering 2,170 km2, with a further 17 For personal use only applications covering 1924 km2, making a total of 4,094km2 Three main licence areas: Yelwa •Anka-Maru •Minna-Birnin Gwari •Licences include high priority Tsuani target (EL
Slide 14: Tsauni – High Priority Target
For personal use only Tsauni – High Priority Target A large (2m wide), massive quartz vein, with very strong sulphide mineralisation Grab samples of this material returned up to 14g/t gold, 400g/t silver and 36% lead. Geophysical interpretation and field Open Pit mapping suggests the possibili
Slide 15: Tsauni
Tsauni 500m long line of workings with some exposure of sheared schistose rock and highly mineralised quartz vein For personal use only material. Sample from the northern end of the workings returned 4.5g/t gold 400g/t silver (6g/t gold equivalent), 36% lead and 0.6% copper. Excavations recove
Slide 16: Anka-Maru region
15 For personal use only Anka-Maru region
Slide 17: Anka-Maru region
Anka-Maru region Material processed at the Anka group of historic mines reported to have included not only mineralised For personal use only quartz veins, but also up to 5m of the adjacent highly sheared bedrock, which reputedly assayed up to 5g/t gold and 2% copper. Highly prospective region wi
Slide 18: Anka-Maru Region
For personal use only Anka-Maru Region Past artisanal workings near Nigeria Gold tenements. Rich gold/base metal assays from similar workings returned up to 18g/t gold. 17
Slide 19: Yelwa Region
Yelwa Region Metasediments, gneiss and migmatite of the Bin Yauri Schist Belt have been For personal use only extensively intruded by granites of various ages. Series of previously unmapped NNE-SSW trending ridges of highly sheared and altered mafic/ultramafic schist with numerous multi-directiona
Slide 20: Yelwa Region – Area 1 and Area 5
Area 1: Yelwa Region Significant assays of iron (40%) and manganese (6%), as well as weakly anomalous copper, zinc and vanadium along the entire length of the range, suggesting the potential for For personal use only significant regional mineralisation. Area 1 Geology and structures mapped in the
Slide 21: Yelwa Region – Area 2
For personal use only Yelwa Region Area 2: Two distinct ENE-WSW trending aeromag anomalies cover much of the tenement area Grab sample taken from shear zone adjacent licence and within southern anomaly returned 4.3g/t gold and 1% lead. Shallow eluvial workings suggest that mineralised shear zo
Slide 22: Yelwa Region
Yelwa Region Areas 3 & 4 (see map on page 20): For personal use only Aeromag shows large contact zones between the schist belt and granite. Many large quartz veins crop out. Small outcrops of completely sheared and altered rock suggest that widespread shearing has led to the general lack of outc
Slide 23: Yelwa Region
Yelwa Region An approximately N-S For personal use only trending zone within this WNW-ESE corridor, appears to control very rich gold mineralisation being worked by artisanal miners a short distance east of the company’s tenement. A strikingly similar, but larger structural intersection in the cent
Slide 24: Minna-Birnin Gwari Region
Minna-Birnin Gwari Region Part of the large Birnin Gwari Schist Belt. For personal use only Metasediments and schist trend NE-SW right through the region, with numerous large granite intrusions. Widespread shearing and bedrock alteration along with some gossanous outcrops provide considerable
Slide 25: Minna-Birnin Gwari Region
For personal use only Minna-Birnin Gwari Region 24
Slide 26: People & Management
People & Management Peter Rudd, BSc, MBA, FSIA, MSDIA Michael Ramsden, BEc, LLB, Ffin For personal use only Director Designate Director A well known Australian Resources expert, Peter is Michael is the Managing Director of Terrain founding Chairman of the highly successful Melbourne Capital in Austr
Slide 27: People & Management
People & Management For personal use only Danjuma Aliyu, BSc Quantity Survey Director Jim Meehan, Blaw (LLB) Danjuma Aliyu is the founder and Company Secretary Managing Director of Mines Jim has worked as a senior solicitor and partner at Cleary Hoare Geotechniques Ltd and the CEO of Solicitors. He
Slide 28: Competent Persons Statements
Competent Persons Statements The information in this report which relates to Exploration Results, Mineral Resources or Ore Reserves is based on For personal use only information compiled by Mr Greg Ryan, who is a corporate member of the Australasian Institute of Mining and Metallurgy and independent
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