Metals X Limited · ASX:MLX
Metals X — Aziana — Shareholder Meeting (May 2014)
14 slides from Metals X's shareholder meeting presentation, May 23, 2014
Slide 1: AGM Presentation
AGM Presenta,on 23 May 2014 Neil Rinaldi CEO & Execu,ve Director
Slide 2: Disclaimer
Disclaimer “This presenta-on may contain forward looking statements that are subject to risk factors associated with resource businesses. It is believed that the expecta-ons reflected in these statements and opinions are reasonable but may be affected by a variety of variables and changes in underlyin
Slide 3: About Aziana
About Aziana • Established minerals explorer in Madagascar: – Eight years in Madagascar; – Core projects include bauxite, copper/gold and graphite. • Diversified into oil and gas in the USA: – Near term produc-on opportuni-es in Louisiana; – focussed on projects with produc-on and near term explora-o
Slide 4: Oil and Gas
Oil and Gas What have we got? • 4 leases, 1750 acres in shallow waters offshore Louisiana: – 60% Working Interest in Sleeping Tiger Project; – 10% Working Interest in Raging Bull Project. • Great loca-on: – Surrounded by prolific produc-on and associated infrastructure in a stable opera-ng environment
Slide 5: What Have We Achieved?
What Have We Achieved? • Developed an oil and gas team: – Petroleum Geology; – Geophysicist; – Legal & Landman, Acquisi-ons and Divestment; – Engineering. • A comprehensive Technical review over all leases: – Interpreta-on of 3D seismic data. • Iden-fied three ini-al targets. • First well -‐ a high
Slide 6: Sleeping Tiger East
Sleeping Tiger East Why Sleeping Tiger East? • Seismic and wellbore data interpreta-on shows four hydrocarbon bearing stacked sands. • High Chance Of Success (COS) opportunity: – Structures analogous with the Raging Bull produc-on well. – A proven hydrocarbon bearing sand/shale structure. • Priority
Slide 7: Madagascar
Madagascar • Anosivola Project: – Poten-al for a significant copper/gold discovery. • Manantenina Bauxite Project: – The largest undeveloped bauxite project in the Indian Ocean. • Antanisoa graphite: – exploring for large flake graphite. • Gold: – Strong interest from poten-al buyers. • Madagascar ope
Slide 8: Anosivola Copper/Gold Project
Anosivola Copper/Gold Project What have we got? • The poten-al for a significant copper/gold discovery. • 100km2 lease held in an area with historic copper/ gold produc-on. • Widespread and dis-nc-ve copper mineralisa-on at surface. • Anosivola East and Bevomanga zone (The AEB zone) iden-fied for deep
Slide 9: Anosivola Copper/Gold Project - The AEB Zone
Anosivola Copper/Gold Project -‐ The AEB Zone • A 6 kilometre long zone of mineralisa,on iden-fied (The AEB zone) between Anosivola East and Bevomanga. • Surface/trench sample results include 7.3m @ 8.76% Cu. 0.08g/t Au, and 10.72g/t Ag. • Ini-al Diamond Drilling has intersected 10.2m @ 3.66% Cu, an
Slide 10: Manantenina Bauxite Project – 237.5km2
Manantenina Bauxite Project – 237.5km2 What have we got? – Opportunity for a DSO style project – Largest undeveloped Indian Ocean based bauxite deposit. – Advantageous project loca,on vs West African projects. – Poten,al for 120-‐160 million tonne @ 35-‐45% AvAl2O3 and < 2% RxSiO2). – Renewed inte
Slide 11: Antanisoa - Graphite in Madagascar
Antanisoa -‐ Graphite in Madagascar What have we got? • 12.5km2 holding in an area with a long history of graphite mining. What have we done? • Completed a methodical explora-on program: – Confirmed extensive seams of graphi-c carbon up to 10m in thickness and up to 25.7% GC. How do we progress? • I
Slide 12: Gold in Madagascar
Gold in Madagascar What have we got? • Seven projects that exhibit a number of strong geochemical anomalies. • Highly prospec-ve tenure: – Significant poten-al remains! What have we done? • Conducted a methodical explora-on program over key projects that included: – 6916 m of aircore drilling at Alak
Slide 13: Forward Vision
Forward Vision • Key Targets: – Near term revenue opportuni-es: u Poten-al sale of Sleeping Tiger/ Raging Bull leases or; u Secure funding to advance The Sleeping Tiger/ Raging Bull project; u Sale of Madagascar gold licenses. • Long term sustainability and growth: – Capitalise on our eight years
Slide 14: Thank you
Limited Thank you Limited