Altoro Metals Limited · ASX:ARO
Altoro Metals — PlatSearch NL — Investor Presentation (April 2008)
43 slides from Altoro Metals's investor presentation, Apr 16, 2008
Slide 1: PlatSearch NL Broker Presentations announcement
PLATSEARCH NL ACN 003 254 395 Level 1, 80 Chandos Street, St Leonards NSW 2065 (PO Box 956, Crows Nest NSW 1585) Telephone: (02) 9906 5220 Facsimile: (02) 9906 5233 Email: pts@platsearch.com.au Website: www.platsearch.com.au 16 April 2008 Company Announcements Office Australian Securities Exchange B
Slide 2: Iron Ore Comes to NSW
Iron Ore Comes to NSW For Energy, Scrap Availability and Product Markets. What if there was a bulk source of iron ore in eastern Australia? …iron’s new horizon
Slide 3: The right metal, low cap location, existing infrastructure
• The right metal • “Low Cap” location • Existing infrastructure • Innovative thinking • Rapid development • New horizons March 2008 Peter Buckley, Managing Director …iron’s new horizon
Slide 4: Executive Summary - Eastern Iron Snapshot
Eastern Iron - Snapshot EXECUTIVE SUMMARY • ASX Listing - June Quarter 2008 • PlatSearch NL spin-out of iron ore assets • Minimum subscription $2.5 million • Maximum Subscription $5.0 million • 80% interest in 15 Exploration Licences • Can earn 100% (PTS retains a 2.0% NSR) Cobar Project • Potential
Slide 5: Eastern Australia's 1st Bulk Tonnage Iron Ore Project
Eastern Australia’s 1st Bulk Tonnage Iron Ore Project • Early stage sampling and assay results indicate that an ex-mine product of >50% Fe is feasible • Ore characterisation studies by the University of Western Sydney and limited crush and grind tests suggest there is scope for further low cost bene
Slide 6: Because maghemite is magnetic it can be upgraded on-site
BECAUSE MAGHEMITE IS MAGNETIC IT CAN BE UPGRADED ON- SITE USING MAGNETIC BENEFICIATION
Slide 7: Fifteen granted exploration licences in the Lachlan Fold Belt
FIFTEEN GRANTED EXPLORATION LICENCES LOCATED IN THE LACHLAN FOLD BELT NEAR SIX OPERATING MINES …iron’s new horizon
Slide 8: Maghemite Chemistry = Hematite Chemistry
Maghemite Chemistry = Hematite Chemistry Fe2O3=Fe2O3 …iron’s new horizon
Slide 9: Work Program Completed
Work Program Completed • Specialist processing of aeromagnetic data • Aircore drilling of selected targets • Simple barrel magnet separation tests • Further crush and reseparation Tests (Metcon Laboratories, Sydney, NSW) • Bulk oxide and trace element analysis (Genalysis Laboratories, Perth WA) • In
Slide 10: Maghemite is Magnetic
Moomba - Sydney Maghemite is Magnetic Gas Pipeline • Easy targeting (channels can be precisely located using NSW government, high-quality aero-magnetic data) • Magnetic nature enables onsite upgrade using simple magnetic beneficiation Specialised processing of available aeromagnetic data makes Easte
Slide 11: Typical aircore drill section across a palaeochannel
TYPICAL AIRCORE DRILL SECTION ACROSS A PALAEOCHANNEL Material is poorly consolidated iron rich pisolite …iron’s new horizon
Slide 12: Typical aircore drill section across a palaeochannel
TYPICAL TYPICAL AIRCORE AIRCORE DRILL DRILL SECTION SECTION ACROSS ACROSS AA PALAEOCHANNEL PALAEOCHANNEL Iron occurs as maghemite Fe2O3 pisolite rich gravel in shallow (<20m) channels 200 - 500m wide. Easy and cheap to extract. …iron’s new horizon
Slide 13: Magnetic separation concentrate
Concentrate launder ‘Outlet Magnetic Outlet Concentrate Tailings
Slide 14: Maghemite
Maghemite + Voids Pure Maghemite overgrowth * ~ AAs ..iron’s new horizon Iron Limited Ex e
Slide 15: Ex mine lump grades approaching DSO
“Ex mine” lump grades approaching DSO Prospect Fe% CaFe% Fe2O3% Al2O3% SiO2% P% S% LOI% Powerline 42.86 44.59 61.28 10.74 20.24 0.029 0.079 3.89 Belah 47.79 49.53 68.33 10.41 14.73 0.034 0.032 3.51 Carpenters 44.12 45.90 63.08 11.77 17.86 0.03 0.03 3.90 Gadsby 50.78 52.48 72.6 8.2 12.77 0.028 0.03 3
Slide 16: Large size potential - Wendoline
0 5 10km Large size potential Wendoline EL 6959 contains a palaeochannel target some 25 km x 400m x ~10m deep. Previous explorer BP Minerals reported surface magnetic iron lag samples to 56% The Wendoline licence is one of 15 granted licences and Eastern Iron has identified over 1,000 linear kilomet
Slide 17: Over 1,000 km of iron rich palaeochannels
Location of Wendoline Palaeochannel Target There are over 1,000 km of iron rich paleochannels in the Cobar and Mainline Project areas. Some may carry alluvial metals eg tin, gold and platinum …iron’s new horizon
Slide 18: Projects are in infrastructure-rich NSW
EASTERN IRON Projects are in infrastructure-rich NSW •Extensive road network •Rail to Newcastle and Main Line to Port Kembla •Multiple branch lines and others easily refurbished •Flat topography, no drill and blast, no stripping •Supportive, mining economy and workforce •Existing port facilities and
Slide 19: Cobar and Main Line NSW infrastructure comparison
• Drill and blast • Overburden Some projects further west = • No roads • No rail • No loader • No Port • Free digging • Surficial Cobar and Main Line NSW = • Roads • Rail • Loader • Two port options …iron’s new horizon
Slide 20: Cobar Project sustainable solutions
Cobar Project …sustainable solutions • Invasive woody weed • Pasture degradation • Drought • Rural unemployment • Mines vulnerable to metal price fluctuations • Native plant regeneration • Pasture improvement • Drought proofing • Rural employment • Long term mining operation with stable workforce “…
Slide 21: Project type and market cap comparison
Project Type Market Cap* Maghemite CID and DID $9.2 Million Onsite beneficiation (assuming full subscription) “ex-mine” grade = 45% - 53% Fe Hematite CID and DID Onsite beneficiation $142 Million “ex-mine” grade = 45% - 55% Fe Magnetite Iron sands Onsite beneficiation and Pig Fe $81 Million “ex-mine
Slide 22: Executive Summary - Management
EXECUTIVE SUMMARY - Management Glenn Goodacre, BA (Macquarie) – Non-Executive Chairman of the Board Investor in resources and private equities A team of corporate and exploration achievers with Extensive boardroom experience Glenn brings broad business strategy and commercial boots, hammer (and magn
Slide 23: The right metal, premium location, existing infrastructure
• The right metal • Premium location • Existing infrastructure • Innovative thinking • Rapid development • New horizons Peter Buckley - Managing Director Suite 3, Level 1, 80 Chandos Street, St Leonards NSW 2065 Telephone: +61 2 9906 7551 Facsimile: +61 2 9906 5233 E: info@easterniron.com.au W: www.
Slide 24: Disclaimer
DISCLAIMER This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the co
Slide 25: …iron’s new horizon
…iron’s new horizon
Slide 26: PlatSearch Update April 2008
PLATSEARCH UPDATE APRIL 2008
Slide 27: Project locations map
BENAGERIE BENAGERIE (Newcrest) (Newcrest) THOMSON THOMSON (Minotaur) (Minotaur) MUNDI MUNDI PLAINS PLAINS ZINCSEARCH ZINCSEARCH (Teck (Teck Cominco) Cominco) (CBH) (CBH)
Slide 28: PlatSearch NL Project Generator
PLATSEARCH NL Project Generator EXPLORATION PROJECTS BLUESTONE 23 Investment company 18 projects for Pb-Zn- Ag, Cu-Au, Ni, U and Fe funded by JV partners. 6.375m shares 45% if fully (8.27%) and subscribed Expect $4.5m 4.85m options expenditure in 2008 PARTNERS WESTERN PLAINS Teck Cominco RESOURCES E
Slide 29: Mundi Plains Project - 2008 Programme
MUNDI PLAINS PROJECT – 2008 PROGRAMME YAMBARRA YAMBARRA GRAVITY GRAVITY ANOMALY ANOMALY One One RC hole RC hole DOME DOME 55 PROSPECT PROSPECT 55 rotary/core rotary/core holes holes POLYGONUM POLYGONUM PROSPECT PROSPECT Extensive Extensive auger auger geochem geochem K16 K16 PROSPECT PROSPECT progra
Slide 30: Mundi Plains - Dome 5
MUNDI PLAINS – DOME 5 Broken Broken Hill Hill Type Type Ag Pb Zn Ag Pb Zn Holes Holes DD97P2, DD97P2, P4, P4, P5, P5, DF1 DF1 and and DF3 DF3 intersected intersected aa classic classic BHT BHT style style lode lode sequence sequence with with garnet garnet sandstone, sandstone, BIF BIF and and sulph
Slide 31: Dome 5, core from hole DF2
DOME 5, CORE FROM HOLE DF2 Core from Hole DF2 shows spectacular “textbook” Mississippi Valley style mineralisation Massive, high grade sphalerite, and galena Massive galena Pyrite veins Fluorite
Slide 32: Dome 5 drill longsection
DOME 5 DRILL LONGSECTION Mississippi Valley Type (MVT) Pb-Zn-Ag in Adelaidean rocks Mineralised Broken Hill Group sequence. Very similar environment to the Broken Hill Line of Lode Assessment of Broken Hill-type Alteration Lithogeochemical Halos by Teck Cominco confirms the prospectivity of this env
Slide 33: BHT alteration index in Broken Hill lode envelope
BHT ALTERATION INDEX IN BROKEN HILL LODE ENVELOPE BHT alteration halos represent a visually subtle but lithogeochemically distinctive feature that can provide clear indications of proximity to significant BHT systems. 90 4 85 Garnet-Feldspar Index 80 3 75 70 2 65 60 1 55 N5370/70A BHT Garnet-Feldspa
Slide 34: BHT alteration index in Dome 5 holes DF1 and DD97P5
BHT ALTERATION INDEX IN DOME 5 HOLES DF1 AND DD97P5 90 90 High DF1 SGW Samples 85 85 Teck-Cominco consultant concludes: 80 80 “Plotting the BHT Alteration Index 75 Medium 75 signatures in DF1 and DD97P5 at the same down hole scales indicate their 70 70 similarity. Low 65 65 The relatively narrow zon
Slide 35: New tenements for MVT and SEDEX Pb-Zn-Ag at Broken Hill
NEW TENEMENTS FOR MVT AND SEDEX PB-ZN-AG, AT BROKEN HILL ROAD ROAD WARRIOR WARRIOR ELs 6863,6864,6865 ELs 6863,6864,6865 Recent Recent rock-chip rock-chip sampling sampling by by PlatSearch finds PlatSearch finds anomalous anomalous Au Au (0.3g/t), (0.3g/t), Ag Ag Teck Teck Cominco Cominco (0.9g/t)
Slide 36: Thomson Fold Belt, NSW
THOMSON FOLD BELT, NSW Thomson Fold Belt – the last great exploration frontier in NSW. Prospective for precious metal and base metals deposits. No previous exploration. Minotaur Exploration farming into 9 PlatSearch tenements. Minotaur to re-commence a drilling programme on eight selected targets in
Slide 37: Thomson drill target anomalies
THOMSON DRILL TARGET ANOMALIES MINOTAUR TO RE-COMMENCE DRILLPROGRAMME ON SEVEN TARGETS APRIL 2008 Endeavor Mine airborne Compass Cuttaburra magnetic anomaly airborne magnetic anomaly (for reference) (for reference)
Slide 38: Benagerie Project, SA
BENAGERIE PROJECT, SA JV WITH NEWCREST TARGETS IOCG l l Cu-Au-U DEPOSITS 2007 2008 Newcrest drilled 6 holes Newcrest currently drilling early 2007. Targeted on 7 holes on discrete gravity anomalies except l l magnetic anomalies for Hole BDR07 on l l l l Anomaly “C” that intersected two 30m ( ( inter
Slide 39: Zinsearch Project, Broken Hill, NSW
ZINSEARCH PROJECT, BROKEN HILL, NSW CBH/PLATSEARCH JV SEEKING BHT STYLE PB-ZN-AG DEPOSITS Over 53,000 sites sampled with the Niton portable XRF instrument Many strike extensive, strong, Pb- Zn soil anomalies defined No previous drilling in most cases CBH currently doing conventional soil geo
Slide 40: Zinsearch Project - Niton coverage
ZINSEARCH PROJECT – NITON COVERAGE
Slide 41: Zincsearch Project - Apollyon Valley EL
ZINCSEARCH PROJECT – APOLLYON VALLEY EL Pb-Zn Pb-Zn soil soil anomaly anomaly extends extends over over at at least least 12km 12km strike strike length length along Apollyon Valley along Apollyon Valley shear. shear. No No previous previous drilling drilling
Slide 42: Zincsearch Project - Yanco Glen EL
ZINCSEARCH PROJECT – YANCO GLEN EL Numerous, Numerous, strong strong Pb- Pb- Zn soil anomalies. Most Zn soil anomalies. Most are are not not previously previously drill drill tested. tested. The The Allendale Allendale Mine Mine was the 22nd was the nd largest largest zinc zinc producer producer in
Slide 43: Disclaimer
DISCLAIMER • This presentation contains forward looking statements that are subject to risk factors associated with resources businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying ass