American Rare Earths Ltd · ASX:ARR
American Rare Earths — Broken Hill Prospecting — Corporate Update (June 2011)
16 slides from American Rare Earths's corporate update, June 2011
Slide 1: Company Update and work program
Company Update and work program p g Dr Ian Pringle, Managing Director June 2011 Big Hill viewed from Pyrite Hill
Slide 2: Key contacts
Key ey co contacts tacts Australia contacts Dr Ian Pringle Wolfgang Leyh Managing Director Managing Director Broken Hill Prospecting Limited Eaglehawk Geological Consulting Phone: 0408 548767 Pty Ltd or + 852 6506 2872 Phone: 08 8087 9194 Email: ipringle@bhpl.biz Email: eaglegeo@ceinternet.com.au Ge
Slide 3: Broken Hill Prospecting Limited
Broken Hill Prospecting Limited • New exploration and development concepts for exploration e ploration of Broken Hill style mineralisation and cobalt deposits • Broken Hill Prospecting Limited (BPL) has over 20 years experience of exploration in the Broken Hill region • Existing inferred resource of
Slide 4: Capital structure
Capital structure Public capital raising of $A4.5 million: Commenced Trading 17 February 2011 ASX Code: BPL and BPLOA Current Cash: AUD 3.4m Share price on 27 May 2011: 12 cents Listed on ASX and NZSX Post IPO capital Post IPO Ownership Shares % (mil) Shares 82,581,900 So Co Limited 34 37 34.37 42%
Slide 5: Broken Hill overview
Broken o e Hill o overview e e • Broken Hill was discovered in 1883 and is still producing after 127 years • Recorded production of >210210 Mt @ >20% 20% Pb Pb+Zn Zn and 100 100-150g/t 150g/t Ag • Largest and richest deposit of its type ever discovered anywhere to date • Direct value to Australian e
Slide 6: Location, location
Location,, location • BPL’s project is only 25km SW of BH • S l d main Sealed i road d highway hi h t Adelaide to Ad l id joins the N part of project • Main trunk railway line through middle of project • Industrial minerals (feldspar, garnet, beryl) mined to the SW. Pinnacle deposit is located betwe
Slide 7: Geology and prospects
Geology and prospects w £ a 455,000. < EL6622 near Broken Hill, NS Rag Prospect Old cosgoats west» “9 _ Alder Tank ~~ \ Old Coo g rdie North tL, I Himalaya North “ : s 8,450,000
Slide 8: Strategy – a three pronged approach
Strategy St ategy – a tthree ee p pronged o ged app approach oac • Cobalt resources – evaluate and explore for new extensions – Drill test immediate depth and strike trend of Pyrite Hill zone with good potential to double the resource to +30mt (>$1billion metal value) – Map and drill test a Big Hill
Slide 9: Pyrite Hill Cobalt Deposit - plan
Pyrite y Hill Cobalt Deposit p -p plan • Albite-quartz-pyrite gneiss in folded antiform of stratabound Na-rich rock. • Strike extent over 1.2km • Shallow oxidation. Some surface gossan and oxidation/weathering g above 30m with no cobalt enrichment. Fresh pyrite at surface. • Mineralisation dips p to
Slide 10: Pyrite Hill Cobalt Deposit – long section
Pyrite y Hill Cobalt Deposit p – long g section Approx. location of planned hole Excellent depth potential
Slide 11: Co extends outside deposit areas
Co extends outside deposit p areas Anomalous Co in Albite ‐ quartz ‐ pyrite 1998 drillhole gneiss target rocks for additional cobalt mineralisation occur under soil/alluvial cover over large areas Pyrite Hill Big Hill New discovery here
Slide 12: Pyrite Hill South – new Co discovery
Pyrite Hill South – new Co discovery • Extensive cobalt rich zone found in poorly exposed outcrop and g successful RAB drilling. • Massive sulphide gossans are very similar to Pyrite Hill and Big Hill. • Zone very persistent and at least 200m long by 20m wide. • Target zone is open along strike and
Slide 13: Broken Hill Type ore
Broken o e Hill Type ype o ore e • Broken Hill style ore (BHS) is very high grade and it occurs as coarse massive silver-rich lead and zinc sulphides as well as Au, Cu, Sb and Cd. Metallurgically simple to treat. • At Broken Hill ore occurs in a stack of tightly folded long thin ruler like lenses ex
Slide 14: 2 year summary exploration program
2 year summary exploration program Prospect Programme Exploration Budget Year 1 (Admin costs $400,000, Issue costs $980,000) C b l resources and Cobalt d exploration Detailed geological mapping, interpretation, IP surveying, database establishment, data compilation, resource $100,000 evaluation. Pyr
Slide 15: Company people and address
Company people and address Contact details Directors and Senior Management Broken Hill Prospecting Limited Craegh C h O’Connor O’C Chairman Ch i Level 14, 52 Phillip Street, Dr Ian Pringle Managing Director Sydney Geoff Hill Executive Director NSW S 2000 Australia Peter Atkinson Non Executive Direct
Slide 16: Important notice
Important notice • This document is confidential and is intended for the exclusive use of potential investors (“the Recipients”) to evaluate a specific opportunity to subscribe to shares (“the Investment”) in Broken Hill p Prospecting g Limited ((ARBN)) 003 453 503 ((“BPL”,, “the Company”). p y ) Th
Broken Hill Prospecting — Corporate Update (June 2011) on 6ix