Element 25 Limited · ASX:E25
Element 25 — Montezuma Mining Company — Investor Presentation (April 2010)
32 slides from Element 25's investor presentation, April 2010
Slide 1: Investor Update April 2010
Investor Update April 2010 GOLD Resource upgrades achieved and first gold poured Significant ground expansion at Peak Hill New discovery at Windsor Aggressive RC Drilling programme about to start MANGANESE Exciting new 100% owned Butcher Bird Project Major shareholding in Auvex Resources Limited IRO
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Montezuma Mining Company Ltd and its associated entities (“Montezuma") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Montezuma’s projects, may rely on vari
Slide 3: Corporate Snapshot (listed 9 November 2006)
Corporate Snapshot (listed 9 November 2006) ! Board of Directors ! Structure " Denis O’Meara (Chairman) " Shares: 42.10M " Justin Brown (Managing Director) " Options (20c): 17.2M " Ian (Inky) Cornelius (Non-executive " Options (35c): 6M Director) " Cash: $2.4M (approx) " Market Cap (25c): $10.53M !
Slide 4: Share Price Chart
Share Price Chart First gold pour at Peak Hill Peak Hill drilling commences First Mn results from Butcher Bird Partial Auvex share Midwest reaches Resource sale for $1M threshold for $4M payment Auvex Resources sells first manganese Jubilee Resource upgrade
Slide 5: Share Register - Top 20
Share Register - Top 20 HOLDER NAME SHARES PERCENTAGE SOUTH BOULDER MINES LTD 3,975,000 9.44% MR PAUL HARTLEY WATTS 3,200,000 7.60% DUKETON CONSOLIDATED LTD 2,250,000 5.34% MANDIES MEATS PTY LTD 2,199,000 5.22% ALPHA BOXER LTD 2,690,000 6.39% AVANIA NOMINEES PTY LTD 1,806,415 4.29% ARADIA VENTURES P
Slide 6: Core Projects and Non-Core/Residual
! CORE PROJECTS " Peak Hill: gold (85-100%) " Durack: gold, VMS (earning 85%) " Butcher Bird: Mn, Cu (100%) " Mt Padbury: gold (100% excl. Fe & Mn) ! Non-Core/Residual " Egerton: gold (Selling 100%) " Tuckabiana (10%)
Slide 7: Why Gold?
Why Gold? ! Strong price performance ! Future projections by most analysts very strong ! Underpinned by strong physical demand from emerging markets ! Safe haven in uncertain economic times
Slide 8: Key Milestones Last 12 Months
Key Milestones Last 12 Months ! Peak Hill " Significant expansion of tenure in and around Peak Hill " Exploration success and Resource upgrades " Gold production underway via tribute mining agreement ! Durack " New discovery at Windsor during first RC programme ! Butcher Bird " Early work demonstrat
Slide 9: Extended Ground Position
Extended Ground Position ! Peak Hill " Additional 111km2 of ground acquired with significant gold prospectivity. " A number of new, high priority and often untested targets identified within the extended tenure. ! Naracoota Formation " 220 km2 of tenure over the Naracoota Formation including new acq
Slide 10: Peak Hill regional map
PLUTONIC MINE SANDFIRE RESOURCES NL MONTEZUMA MINING COMPANY LTD DE GRUSSA PROSPECT HERMES PROSPECT PEAK HILL MINE TALISMAN MINING LIMITED ALCHEMY RESOURCES LTD
Slide 11: Peak Hill
Peak Hill NARACOOTA FORMATION TOTAL MAPPED AREA: 220km? 7760000M Newly acquired ground at McCarthy Well 7140000r§ kilometres ee Cy Montezuma Tenements ™" | Alchemy Tenements SJ [7] naracoota rm Map Legend ° Mine Site ° Prospects Geological Legend Proterozoic Bengemall Group Earaheedy Group Padbury G
Slide 12: Jubilee Resource Upgrade
Jubilee Resource Upgrade ! 400% increase in the Resource Estimate for Jubilee ! New Resource is 605,000t @ 2.41 for 46,800 ounces of contained gold. ! Resource is still open in a number of directions ! Potential remains for further increases to the Resource. ! First of a series of Resource updates e
Slide 13: Jubilee Resource Statement
MONTEZUMA MINING COMPANY LTD Jubilee Resource Statement Deposit Tonnes Au (g/t) | Ounces Indicated J2 22,000 2.63 1,900 J3 78,000 1.74 4,400 SubTotal 100,000 | 1.95 6,300 Inferred J2 179,000 | 2.81 16,200 J3 326,000 | 2.32 24,300 SubTotal 505,000 | 2.49 40,500 Total J2 202,000 | 2.79 18,100 J3 403,0
Slide 14: Block Model Gold Value Legend
LEGEND Block Model Gold value © <0.5 gitnot displayed B 05to1gt B 1to3gt f é f ; a 2 zs B 3to8gt \ B 8-gt
Slide 15: Durack Drilling
Durack Drilling ! Six holes were completed for a total of 760m. ! Five holes targeting the edges of the current Resource ! One hole testing beneath a historic RAB intersection of 14m @ 3.68 g/t gold. ! Windsor zone confirmed – new discovery
Slide 16: Windsor Discovery
Windsor Discovery ! New zone south of the main Durack Resource ! Associated RAB anomaly over 500m in strike length and open in both directions ! Additional new targets identified from historic RAB ready for RC drill testing ! Prospective areas identified where there is no previous work
Slide 17: Windsor Discovery map
Peak Hill Jubilee Alchemy Resources Harmony Tenement Enigma Map Legend Mine Site Prospects Durack Montezuma Tenements WINDSOR DISCOVERY Alchemy Tenements • 33m @ 1.89 g/t gold including 3m @ 3.52 g/t and 7m @ 5.32 g/t NARACOOTA FM. Geological Legend Follow up results include: • 6m @ 2.81 g/t, Proter
Slide 18: Windsor Discovery Hole and RAB Anomalies
EXISTING RESOURCE AREA WINDSOR DISCOVERY HOLE 33m @ 1.89 g/t gold incl. 3m @ 3.52 g/t and 7m @ 5.32 g/t RAB ANOMALY 2 RAB ANOMALY 1 • over 500m in strike length • open to the SE and NW
Slide 19: Tribute Mining Operations
Tribute Mining Operations ! Gold is being produced by Resource Gold Pty Ltd. ! Gravity processing of mill scats and associated material. ! Producing good cash-flows so far; an important additional source of funding. ! Potential to produce for an extended period of time through the identification of
Slide 20: Tribute Mining Photos
MINING COMPANY LTD Tribute Mining Photos
Slide 21: Butcher Bird Project
Butcher Bird Project ! Tenements just granted. ! Reconnaissance work has highlighted excellent potential for manganese and copper. ! Drilling slated for commencement following completion of approx. 5,000m RC programme at Peak Hill
Slide 22: Manganese Potential
Manganese Potential ! Ground recon. Has identified several priority target areas. ! Mineralisation occurs as both lateritised sediments and in paleochannel deposits. ! Potential for high grade DSO as well as beneficiable ore. ! Drill testing to commence on grant of tenure.
Slide 23: E52/2350 Manganese Project
MONTEZUMA MINING COMPANY LIL E52/2350 Manganese Project 500m 1,000m 2,000m £52/2350 . Meekathara
Slide 24: E52/2350 Manganese Project
MONTEZUMA MINING COMPANY LTD MONTEZUMA | ft P £52/2350 E52/2350 Manganese Project ° Meekathara SO 1.000m 2.0000 ni 1 rl J
Slide 25: Butcher Bird Copper Mine
Butcher Bird Copper Mine ! Min. approx 4km known strike potential. ! Primary copper sulphide identified in thin section. ! Previous source of high grade oxide production. ! No known drilling to date.
Slide 26: Butcher Bird Copper Potential
Butcher Bird Copper Potiential
Slide 27: MONTEZUMA
MONTEZUMA MINING COMPANY LTD Silicified host rock and breccia clasts.
Slide 28: Exploration Focus - 2010
Exploration Focus - 2010 " Peak Hill/Meekathara ! Peak Hill Mine (gold) " Resource upgrades to continue at Enigma, Harmony, Main Pit and Durack. " Extend known mineralisation and test top tier exploration targets particularly in newly acquired extended tenure. ! Durack (gold) " RC Drilling at the ne
Slide 29: Maturing Investments
Maturing Investments ! Mt Padbury Iron Ore Sale " Maiden Resource exceeded 10Mt threshold. " $4M cash payment due by the end of April 2010. " Royalties payable on production going forward ! Auvex Resources Limited " 7.5M shares held in Auve (approx 5.6%) " Auvex intends to commence commercial Mn pro
Slide 30: Summary
Summary ! Flagship project at the Peak Hill Mine with existing resources and exploration upside. ! Satellite gold exploration ground at Mt Padbury and Durack – recent new discovery ! High grade manganese and copper potential at Butcher Bird – untested about to be drilled ! Significant cash to fund a
Slide 31: Contact Details
Contact Details ! Please direct queries to: Justin Brown (Managing Director) Mobile: 0438 745 675 Email: info@montezumamining.com.au ! Website: http://www.montezumamining.com.au
Slide 32: Competent Persons Statements
Competent Persons Statements ! Montezuma Mining Company Ltd confirms the information in the Annual General Meeting presentation that relates to exploration results is based on information compiled by Justin Brown, who is a member of the Australian Institute of Mining & Metallurgy. Mr Brown is a geol
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