Activex Limited · ASX:AIV
Activex — Shareholder Meeting (November 2008)
47 slides from Activex's shareholder meeting presentation, Nov 24, 2008
Slide 1: Chairman's Address
ActivEX Limited. A.C.N. 113 452 896 117 Quay Street BRISBANE QLD 4000 P.O. Box 217 PADDINGTON QLD 4064 P: (07) 3236 4188 F: (07) 3236 4288 E: admin@activex.com.au For personal use only CHAIRMANS ADDRESS ACTIVEX LIMITED Annual General Meeting 24 November 2008 Good Morning Ladies and Gentlemen, my nam
Slide 2: AGM Presentation November 2008
AGM Presentation November 2008 For personal use only Doug Young Doug Young Managing Director Managing Director ActivEX Limited Active explorers for new gold-copper resources …. moving towards development Nov 2008 1
Slide 3: Company History
Company History For personal use only z Mineral exploration company focused on gold and copper z Listed April 2006 raising $3M z Landmark joint ventures established with Mitsubishi/Minotaur and Norton Gold Fields z Drill testing at 75% of project areas z $4M spent on projects since listing z Signifi
Slide 4: 2008 Highlights
2008 Highlights z Significant ground position secured in the Cloncurry district For personal use only z Government grants supporting drilling and target research z Drilling programs completed at Booubyjan, Lake Monduran and Prospect Creek z Broad zones of mineralisation intersected at Booubyjan and
Slide 5: Capital Structure
Capital Structure z Total Issued Capital (Nov 2008) 34,888,722 For personal use only z Capital raising by placement Sept 2008 4,500,000 z Options (Feb 2009) 15,194,361 z Staff Options (Feb 2011,2012) 600,000 z Cash $>0.5M z Top 50 holders 72% z Key holders - MD 23.5% - MEP 5.7% Nov 2008 4
Slide 6: Board of Directors
Board of Directors z Ian Daymond - Chairman For personal use only Commercial Lawyer, experience with WMC, Hunter Resources, Delta Gold as general counsel, Chairman Copper Range Limited, NED Hill End Gold Limited, Honorary Consul for Botswana in NSW z Doug Young - Managing Director Geologist, 30 year
Slide 7: Portfolio
Portfolio z Gold and copper/gold exploration focus specialising in Queensland terranes For personal use only z Potash development potential WA wheat-belt Nov 2008 6
Slide 8: QLD Portfolio
QLD Portfolio z Gold and copper/gold focus specialising in Queensland terranes – projects cover For personal use only 2999sq. km z Large porphyry copper-gold potential at Booubyjan, Blairmore, Pentland Cairns – 88m @ 0.47% Cu, 0.49g/t Au – Cu/Mo/Au zones, 47m @ 0.9g.t Au Kidston Townsville z Epither
Slide 9: Joint Ventures
Joint Ventures For personal use only z Strong ground holding 100% ActivEX z Booubyjan Joint Venture – Minotaur Cairns Exploration and Mitsubishi farming in Kidston – Currently ActivEX 100% Townsville – Minotaur earning 51% and Mitsubishi Corp Ernest Henry Pentland Charters Towers and Mitsubishi Mate
Slide 10: Advanced Projects
For personal use only Advanced Projects Nov 2008 9
Slide 11: Lake Chandler Potash
Lake Chandler Potash For personal use only z Option to purchase granted Mining Lease and data z Located in central wheatbelt of WA, 50km north of Merredin z Salt lake with accumulations of alunitic clay (hydrated potassium sulphate) z Previous mining in 1940s z Extensive drilling in 1980s Nov 2008 1
Slide 12: Lake Chandler Potash
Lake Chandler Potash z Previous drill sections show continuity For personal use only of alunite clays and K2O grades z Minor infill drilling required to JORC Resource status z Extensive bench scale testing already completed z 3 possible treatment routes with different product outcomes z ActivEX to c
Slide 13: Potash – Supply and Demand
Potash – Supply and Demand Drivers For personal use only z world demand for food is increasing z competing demand on agricultural products for fuel stocks z available arable land decreasing z need for improved productivity Demand z demand for all fertilisers increasing z potash shows greatest growth
Slide 14: Potash – Future Outlook
Potash – Future Outlook Price projections For personal use only z Demand/Supply balance is projected keep prices high for the foreseeable future z no obvious new sources of supply Geography on our side z Principal producers in Canada, Russia Belarus z few southern hemisphere producers z high demand
Slide 15: Exploration Projects
For personal use only Exploration Projects Nov 2008 14
Slide 16: Cloncurry Projects
Cloncurry Projects For personal use only z Areas prospective for Iron Oxide style (IOCG), copper- gold deposits (Ernest Henry (125M tonnes @ 1% Cu and 0.53g/t Au) and skarn style copper gold z Recent new discoveries in area z Rocklands (CDU) 59M tonnes @ 2% Cu z Kalman (KMN) 60M tonnes @ 0.3% Cu, 0.
Slide 17: Florence Creek – IOCG Targets
Florence Creek – IOCG Targets For personal use only z Emerald Well – gravity/mag target with IOCG mineralisation Nov 2008 Gravity data 16
Slide 18: Florence Creek – IOCG Targets
Florence Creek – IOCG Targets For personal use only z Emerald Well – gravity/mag target with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation Nov 2008 Gravity data 17
Slide 19: Florence Creek – IOCG Targets
Florence Creek – IOCG Targets For personal use only z Emerald Well – gravity/mag target with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation z Ironclad – mag target with haematitic breccias and copper Nov 2008 Gravity data 18
Slide 20: Florence Creek – IOCG Targets
Florence Creek – IOCG Targets For personal use only z Emerald Well – gravity/mag target with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation z Ironclad – mag target with haematitic breccias and copper z Pokara – gravity target, haematitic milled breccias Nov 2008 Grav
Slide 21: Florence Creek – Skarn Targets
Florence Creek – Skarn Targets For personal use only z Overhang - fold nose, mag and gravity target, copper workings Nov 2008 Aeromagnetic data 20
Slide 22: Florence Creek – Skarn Targets
Florence Creek – Skarn Targets For personal use only z Overhang - fold nose, mag and gravity target, copper workings z Florence Bore – 12m @ 2.9%Cu, 0.38g/t Au, workings Nov 2008 Aeromagnetic data 21
Slide 23: Florence Creek – Skarn Targets
Florence Creek – Skarn Targets For personal use only z Overhang - fold nose, mag and gravity target, copper workings z Florence Bore – 12m @ 2.9%Cu, 0.38g/t Au, workings z Dandy/Trump – 4m @ 3% Cu, 0.3g/t Au, mag and gravity anomalies Nov 2008 Aeromagnetic data 22
Slide 24: Florence Creek – Skarn Targets
Florence Creek – Skarn Targets For personal use only z Overhang - fold nose, mag and gravity target, copper workings z Florence Bore – 12m @ 2.9%Cu, 0.38g/t Au, workings z Dandy/Trump – 4m @ 3% Cu, 0.3g/t Au, mag and gravity anomalies z Wallaces Hill – rock chips to 8% Cu, 256ppm U, gravity anomaly
Slide 25: Esk Trough Projects
Esk Trough Projects z Esk Trough For personal use only – Structure bound trough, volcanic arc z Widespread epithermal and porphyry mineralisation z Booubyjan JV – Porphyry style mineralisation z Coalstoun Lakes – 80M tonnes @ 0.3% Cu z Barambah Epithermal – 40000t mined for 5g/t Au, 50g/t Ag z Award
Slide 26: Booubyjan - Geology
Booubyjan - Geology For personal use only z 80 km west of Gympie, JV with Minotaur and Mitsubishi earning in z Porphyry Cu-Au prospect in co- magmatic Triassic Volcanics z Composite intrusive centre at Sefton intersection of two major structural Dadamarine sets z Significant previous drilling at Goo
Slide 27: Goonuloom – Geochem/Mag
Goonuloom – Geochem/Mag Hines – 26m @ 0.35% Cu, For personal use only 0.45g/t Au from 20m Kiwi - 14m @ 0.72% Cu, Kakapo – 88m @ 0.47% Cu, 0.72g/t Au from 16m 0.49g/t Au from 38m ABJ010 – 42m @ 0.13% Cu, 0.04g/t Au White Horse – 38m @ 0.74% Cu, 0.13g/t Au from 20m, strong alteration ABJ012 – 42m @ 0.
Slide 28: Goonuloom – Geochem/Mag
Goonuloom – Geochem/Mag For personal use only Nov 2008 27
Slide 29: Goonuloom Stock - Targets
Goonuloom Stock - Targets For personal use only -20m Nov 2008 28
Slide 30: Goonuloom Stock - Targets
Goonuloom Stock - Targets For personal use only -70m Nov 2008 29
Slide 31: Goonuloom Stock - Targets
Goonuloom Stock - Targets For personal use only -120m Nov 2008 30
Slide 32: Goonuloom Stock - Targets
Goonuloom Stock - Targets For personal use only -170m Nov 2008 31
Slide 33: Goonuloom Stock - Targets
Goonuloom Stock - Targets For personal use only -220m Nov 2008 32
Slide 34: Goonuloom Stock - Targets
Goonuloom Stock - Targets For personal use only Circular pyritic “shell” -220m Nov 2008 33
Slide 35: Goonuloom Stock - Targets
Goonuloom Stock - Targets For personal use only Recent drilling intersected low grade copper in veins that usually form at margins of a porphyry system Deep magnetic targets in the centre of the system are prospective future drill targets Nov 2008 34
Slide 36: Booubyjan Drilling
Booubyjan Drilling Rocks intersected in For personal use only recent drilling Chlorite amphibole pyrite alteration Cool carbonate base metal (Pb/Zn) veins Too high in system, too cool Nov 2008 35
Slide 37: Booubyjan Drilling
Booubyjan Drilling Deeper magnetic For personal use only targets to intersect - Low sulphide (chalcopyrite and bornite) magnetite cholrite alteration Sheeted quartz veins with potassic alteration Nov 2008 36
Slide 38: Barambah – Drill Targets
Barambah – Drill Targets For personal use only Barambah Open Pit (7700 ozs) z Previous mining and shallow drill pattern – Gram-metres values to 35.6 gm z Apparent high grade shoot – Plunges to the south – Resistivity target BAR8 Nov 2008 37
Slide 39: Pentland – Target Summary
Pentland – Target Summary z NE trending gold belts For personal use only Quartz Hill Porphyry 186m @ 0.13%Cu Nipple Breccias 10m @ 1.1g/t Au Eight Mile Breccia – Porphyry system Mt Remarkable Porphyry 47m @ 0.9g/t Au Norwood Gold City Reefs 8M @ 2.2g/t Au 6m @ 3.3 g/t Au Nov 2008 38
Slide 40: Mt Remarkable – Norwood
Mt Remarkable – Norwood For personal use only z Structurally controlled demagnetized zone associated with alteration at Mt Remarkable z Most intense part correlates with IP anomalies z Gold mineralisation peripheral to demagnetised zone z Norwood mag high sits on periphery of major interpreted intru
Slide 41: Mt Remarkable - IP
Mt Remarkable - IP For personal use only z Drilling has targeted surface geochem - most holes too shallow to intersect IP targets -126m Nov 2008 z Coincident demagnetised zone 40
Slide 42: Mt Remarkable - IP
Mt Remarkable - IP For personal use only z Drilling has targeted surface geochem - most holes too shallow to intersect IP targets -217m Nov 2008 z Coincident demagnetised zone 41
Slide 43: Mt Remarkable - IP
Mt Remarkable - IP For personal use only z Drilling has targeted surface geochem - most holes too shallow to intersect IP targets -270m Nov 2008 z Coincident demagnetised zone 42
Slide 44: Norwood - IP
Norwood - IP For personal use only Resisitivity Resisitivity Shallow IP anomalies Drilling has targeted surface geochem F Mag anomaly Chargeability Chargeability Nov 2008 Deep IP anomalies 43
Slide 45: Project Status
Project Status For personal use only z Development ? z Pre-feasibility studies Lake Chandler z Drilling Booubyjan, Barambah, Pentland z Geophysical surveys/target Florence Creek, definition Norwood South z Prospects identified/field Ban Ban, Blairmore, Mt Tam, surveys in progress Prospect Creek, Oxl
Slide 46: Forward Program
Forward Program z Continued drilling planned for next six month period – Booubyjan For personal use only z Drill program scheduled for Barambah high grade gold –silver deposit z Field activities re-commence in Cloncurry district in March – drill targets ready next field season z Drill targets ready
Slide 47: Why Invest in AIV
Why Invest in AIV z Potash development potential – Lake Chandler For personal use only z Drilling campaigns scheduled for Booubyjan and Barambah, both highly prospective z Exciting IOCG targets in Cloncurry - aim to be drill ready in 2009 z Strong project pipeline z Tight capital structure – only 35