Metals Australia Ltd · ASX:MLS
Metals Australia — Shareholder Meeting (November 2013)
14 slides from Metals Australia's shareholder meeting presentation, Nov 29, 2013
Slide 1: Metals Australia Ltd AGM presentation November 2013
For personal use only METALS AUSTRALIA LTD AGM presentation November 2013
Slide 2: Disclaimer & Declaration
Disclaimer & Declaration For personal use only This presentation has been prepared by Metals Australia (“MLS”) as a summary of the company’s exploration and development activities, with particular reference to the Mile 72 Uranium project in Namibia. No Offer of Securities The presentation is not, an
Slide 3: Mile 72 Uranium Project
MILE 72 Uranium Project For personal use only • First deeper RC drilling program completed • Primary Rössing-style uranium mineralisation is confirmed to be hosted by alaskitic pegmatites at Mile 72 in the Namibian Uranium Province. • Multiple anomalous uranium-mineralised zones show strike continui
Slide 4: Central Damara Uranium Province
Central Damara Uranium Province For personal use only • Home to Namibia’s uranium industry. • Includes Rössing, Husab, Valencia, Langer Heinrich, Trekkopje and numerous others. • Alaskite-hosted deposits. • Calcrete-hosted deposits.
Slide 5: Alaskite generation
Alaskite generation For personal use only • Mile 72 is located in the same pressure-temperature region responsible for the generation of alaskites in “Alaskite Alley”, • Alaskites naturally concentrate uranium (and other incompatible elements) • Alaskites host the regions largest primary uranium dep
Slide 6: 2013 Drilling Program outcomes
2013 Drilling Program outcomes For personal use only • 39 RC drillholes completed for 3,763m in a campaign of widely-spaced drilling. • Assays received for 20 holes. 31 Significant Intercepts identified from 14 holes, including an intercept of 1m@3,407ppm U3O8 in MSRC0042 and 1m@572ppm U3O8 in MSRC0
Slide 7: Mile Drilling – Intercept Highlights
MILE 72 Drilling – Intercept Highlights For personal use only • 3m at 1,192ppm U3O8 in MSRC0042 from 13m, including 1m at 3,407ppm U3 O8 . • 6m at 158ppm U3O8 in MSRC0031 from 9m , including 3m at 265ppm U3O8 from 12m and including 1m at 572ppm U3O8 • 3m at 106ppm U3O8 in MSRC0004 from 11m, includin
Slide 8: Drilling Locations – Southern Area
Drilling Locations – Southern Area For personal use only
Slide 9: Trends Identified – Cover Disguising Targets
Trends Identified – Cover Disguising Targets For personal use only
Slide 10: Large Target Areas under Cover to be tested
Large Target Areas under Cover to be tested For personal use only
Slide 11: Large Target Areas under Cover to be tested
Large Target Areas under Cover to be tested For personal use only
Slide 12: Mile Future Exploration
MILE 72 Future Exploration For personal use only • Mineralised alaskitic pegmatites – continue at depth and correlate with mineralisation observed in trenches at surface. – are spatially associated with later dolerite dykes. These dykes can be easily detected magnetically in the subsurface. • Uranif
Slide 13: Next Steps - Exploration
Next Steps - Exploration For personal use only • Follow up drilling over Radon Cup anomalies under blanket sand cover • Shallow (<30m), low cost drilling to test complete sections across hidden anomalous areas • Work to commence in early 2014 • Upon further success ( wide intersections eg >5m @ 150p
Slide 14: Mile results in context
Mile 72 results in context For personal use only If we have drilled a kilometre or two outside of a Rössing-type deposit, we could easily miss… something like this…
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