Gullewa Limited · ASX:GUL
Gullewa — Shareholder Meeting (November 2010)
20 slides from Gullewa's shareholder meeting presentation, Nov 30, 2010
Slide 1: Mineral and Coal Investments Pty Ltd Presentation
MINERAL AND COAL For personal use only INVESTMENTS PTY LTD (MCI) Presentation Gullewa Limited Annual General Meeting 30th November, 2010 Colin Randall Managing Director Mineral & Coal Investments Pty Ltd
Slide 2: Shareholders and Coal Property Portfolio
MINERAL AND COAL For personal use only INVESTMENTS PTY LTD (MCI) Shareholders Gullewa Limited (GUL) 80% C Randall and Associates Pty Ltd 20% Extensive Coal Property Portfolio comprising •11 Exploration Licences in Queensland •1 Mineral Development Licence Targeting Coking, Thermal and PCI coals in E
Slide 3: Exploration Assets
EXPLORATION ASSETS For personal use only • 9 EPCs granted • 2 EPC Applications • Comprises 714 Sub-blocks 2 • Covers 2,243 km • 1 MDL covering 245 ha Areas distributed in: • Bowen Basin • Surat Basin • Laura Basin • Townsville Basin • Calen Basin • Mulgildie Basin • Clarence Moreton Basin
Slide 4: Tenements
TENEMENTS Number and Total Area For personal use only 12 Areas 756 Sub-blocks 2,246 km2 Distribution Cooktown in the north to Wandoan in the south. Exploration Potential Varies from areas with known coal to frontier exploration areas. Targets Underground and open cut. Export thermal and coking coal.
Slide 5: Northern Queensland Areas
NORTHERN QUEENSLAND AREAS NORTHERN For personal use only QUEENSLAND AREAS Laura Basin EPCs 1875 and 1874 Thermal and Coking coal potential Calen & Bowen Basins EPC 1492, 1617, 1631 and 1820 UG Thermal and Coking coal potential
Slide 6: Southern Queensland Areas
SOUTHERN For personal use only QUEENSLAND AREAS Bowen & Mulgildie Basins EPC 1296, 1298, 1672 UG Thermal and Coking coal potential Surat Basin EPC 1297 – Back Creek Area Open pit Thermal coal exploration target Moreton Basin MDL138 MDL 138 – Mintovale SOUTHERN Mintovale Open pit thermal coal target
Slide 7: EPC 1297 Back Creek
EPC 1297 For personal use only BACK CREEK Location • 45 km SE of Wandoan; • 20 Sub-blocks (62 km2); • Near “missing link” rail to Gladstone; • Close to recently defined resources. Status • Granted 22 March, 2010; • Open pit exploration target of up to 60Mt recognised by Runge. Surface • Leasehold wi
Slide 8: EPC 1297 Back Creek Stratigraphy
EPC 1297 For personal use only BACK CREEK STRATIGRAPHY EPC 1297 contains 20 km of Strike along the productive Condamine Seam, in the lower part of Taroom Coal Measures.
Slide 9: EPC 1297 Back Creek Geology and Exploration
EPC 1297 BACK CREEK GEOLOGY AND EXPLORATION For personal use only Previous Exploration •Shell/Oilmin – ATP 312 P; •16 open holes with significant coal intervals, some log data. Geology •One principal seam identified to date – Condamine seam; •Gentle SW 1-3 degree dip; •Sub crops through entire area
Slide 10: EPC 1298 Kilmain
EPC 1298 For personal use only KILMAIN Location 75 km SE of Emerald 16 Sub-blocks (50 km2) Surface Freehold Work programme $75k over 2 years Geology and Exploration Rail 18km •SW Bowen Basin •Underground Rangal Coal Measures •Limited previous exploration
Slide 11: EPC 1298 Kilmain Stratigraphy and Exploration
EPC 1298 KILMAIN For personal use only Principal Stratigraphic Units Previous Exploration One hole NS168 - six seams AGE GEOLOGICAL UNIT 0.3m to 1.89m thick At depths of 419m to 503m Quaternary Alluvial Silts and Sands Tertiary UNDIFFERENTIATED SEDIMENTS Unconformity Exploration Potential Triassic R
Slide 12: EPC 1296 Connemarra
EPC 1296 For personal use only CONNEMARRA Location 65 km SSE of Emerald 40 Sub-blocks (123 km2) Surface Freehold Work programme $75k over 2 years Geology and Exploration • SW Bowen Basin contains Rail 21km formations known to be coal bearing elsewhere. • No significant previous exploration.
Slide 13: EPC 1296 Connemarra Exploration Target
EPC 1296 For personal use only CONNEMARRA EXPLORATION TARGET Target Sequence Basal Colinlea Sandstone Jochmus Sandstone. Target Coal Type Thermal Coal. Mining Potential Most likely underground but has open cut possibilities.
Slide 14: EPC 1492 & 1617 Townsville
EPC 1492 & 1617 TOWNSVILLE & TOWNSVILLE For personal use only EXTENDED Location West and South of Townsville 219 Sub-blocks (679 km2) Surface Primarily Freehold Work programme $900k over 5 years Geology and Exploration • Northern extension of Bowen Basin. • Very limited previous exploration. • Known
Slide 15: EPC 1492 Townsville Carbonaceous Outcrop
EPC 1492 For personal use only TOWNSVILLE CARBONACEOUS OUTCROP IN ROSENEATH QUARRY
Slide 16: EPC 1632 & 1820 Calen South & Bolden
EPC 1632 & 1820 For personal use only CALEN SOUTH & BOLDEN Location West of Mackay to 55 km NW of Mackay CS 52 Sub-blocks (161 km2) B 7 Sub-blocks (53 km2) Surface Primarily Freehold Work programme CS $75k over 2 years B $300k over 5 years Geology and Exploration • L Permian Calen Coal measures. • V
Slide 17: EPC 1672 Lochaber
EPC 1672 LOCHABER For personal use only Location 290 km NW Brisbane 47 Sub-blocks 146 km2 Surface Primarily Freehold Work programme $300k over 5 years Geology and Exploration Mulgildie Basin Walloon equivalent Monto CM Exploration Target Extension of known coal occurrences to the north. Follow-up on
Slide 18: EPC 1874 Normanby
EPC 1874 For personal use only NORMANBY Location 40 km SW of Cooktown 86 Sub-blocks (267 km2) Status Application Surface Primarily Freehold Work programme $500k over 5 years Geology and Exploration • Late Permian Normanby Formation. • Very limited previous exploration. Exploration Target High rank t
Slide 19: EPC 1875 Pine Tree
EPC 1875 For personal use only PINE TREE Location 100 km W of Cooktown 217 Sub-blocks (670 km2) Large area Status Application Surface Primarily leasehold. Work programme $915k over 5 years Geology and Exploration • Late Permian Normanby Formation. • Very limited previous exploration. Exploration Tar
Slide 20: MDL Mintovale
MDL 138 MINTOVALE For personal use only Location 87 km SW of Brisbane 30 km W standard gauge railway leading to Brisbane. Status Mineral Development Licence. Surface All Freehold 2.45 km2 Work programme No work program required. Geology and Exploration • Moreton Clarence Basin. • Jurassic Walloon co