Power Minerals Limited · ASX:PNN
Power Minerals — PepinNini Minerals — Shareholder Meeting (2009)
48 slides from Power Minerals's shareholder meeting presentation, 2009
Slide 1: PepinNini Minerals Limited 2009
Slide 2: Crocker Well Project
Crocker Well Project m Submission of an application for a Mining Lease at Crocker Well for the development of a uranium mine m Completion of 17 cored boreholes and 267 RC boreholes as part of a resource validation program to verify and upgrade the JORC compliant uranium resource from Inferred to Ind
Slide 3: Revised processing circuit and geophysical surveys
m A new revised processing circuit incorporating beneficiation by flotation, solid liquid separation by pressure filtration and a Carbonate strip followed by Sodium Diuranate (SDU) and Uranium Peroxide precipitation has been designed for treating the Crocker Well ore. Overall uranium recovery for pr
Slide 4: Bankable Feasibility Study and community consultation
m Progression of a Bankable Feasibilty Study together with Environmental Baseline, Hydrogeological, Geotechnical and Mining studies for the Crocker Well Development m Commencement of consultations with pastoralists, indigenous groups and the local community regarding the proposed mine development at
Slide 5: Musgrave Province Project
Musgrave Province Project m Completion of a Farm-in and Joint Venture Agreement with Rio Tinto Exploration Pty Limited to explore three tenement areas covering approximately 1,382 km² of ground considered prospective for Nickel Copper Sulphide mineralisation and other commodities m Completion of 12
Slide 6: North Queensland Project
North Queensland Project m New vein systems identified at surface with gold grades of up to 1,710 g/t (55 oz/t) within EPM 15547 The Return. Silver grades of up to 20 oz/t also identified m Widespread copper (max.32.8%), gold (max. 335g/t), silver (max. 1,360g/t) and lead (max. 64.7%) mineralisation
Slide 7: 36 exploration tenements covering 16,000 sq.kms
North Queensland (exploration) Musgrave Province (exploration) Robinson Range Iron Ore (exploration) Curnamona Province (U3O8 Development) 36 exploration tenements covering 16,000 sq.kms.
Slide 8: Curnamona Province Project
Curnamona Province Project (40% PepinNini 60% Sinosteel Corporation) Advanced Uranium Project – Crocker Well z Strategic alliance with Sinosteel Corporation to jointly develop the Uranium Project z Currently drilling prospects with potential to add to the uranium resource already defined at Crocker
Slide 9: 5 Tenements covering 3,778 km2
To Beverley (U) Mine EL4239 5 Tenements covering 3,778 km2
Slide 10: Field Camp at Crocker Well
Field Camp at Crocker Well
Slide 11: Boreholes completed for resource verification at Crocker Well
More than 300 boreholes have been completed for resource verification at Crocker Well
Slide 12: Recent Field Activities
Recent Field Activities Helicopter geophysical surveys Drilling Meteorological Station (Temperature, pressure, evaporation, humidity, rainfall, Sampling wind speed and direction, dust and radiation)
Slide 13: Ministerial Visit 20th January, 2009
Ministerial Visit 20th January, 2009
Slide 14: Preliminary Mine Design
EAST CENTRAL JUNCTION ORIGINAL Preliminary Mine Design
Slide 15: Current Proposed Processing Plant Layout
Pressure Filtration Precipitation & Drying replaces CCD for solids liquid H2O2 Precipitation separation Filter Press & Rotary Vacuum Drying Leach Circuit Seven stage; H2SO4 at 90°C; 24 hour residence time Solvent Extraction Circuit Batman Pulsed Column & Mixer-settler Na2CO3 strip Grind Circuit SAG
Slide 16: Potential Additional U3O8 Resource Targets
Oo o o Potential Additional U,O, Resource Targets | Wn | Crocker Well Project — South Australia inerals limited Radiometrics and Surface Sample Results Rep 0.29% U,0, Rockchips J . ; I aes RGB Ternary Radiometrics > tet 1 0.89% U;0, Rockchips 2 © 2.4% UsOs Rockchips Sin U,0, Rockchips | 250,000t @ 0
Slide 17: Sinosteel $6 million commitment for non-uranium targets
TMI RTP Magnetics Kalkaroo (Cu-Au-Mo) Billeroo Carbonatite Johnaroo ( Birthday Well South Koolka ( ( ( White Dam (Au) Willow Crocker’s Well $6 million expenditure commitment by Sinosteel Corporation for non-uranium 0 5 10 More than 30 priority base metal (Cu/Au, Pb/Zn) targets ready to explore kilom
Slide 18: Previous drill intersections by earlier explorers
Encouraging drill intersections by previous explorers include 10m @ 2.07g/t Au, 0.74% Cu, 5.6m @ 8.5% Cu and 32m @ 0.66% Zn
Slide 19: Musgrave Province Project
Musgrave Province Project TARGETING Nickel, copper, PGE’s (Giles Complex) Copper, lead, zinc, silver (Birksgate Complex)
Slide 20: Musgrave Province Project tenements
Musgrave Province Project 4 Granted Exploration Licences 4 Exploration Licence Applications covering 9,525km2
Slide 21: Exploration Highlights 2009
Exploration Highlights 2009
Slide 22: Rio Tinto Joint Venture
Rio Tinto Joint Venture • Three tenements covering 1,382m2 • Expenditure of $4m over 4 years to earn 51% • One tenement granted – EL3931 Woodroffe • Two tenement applications – Jalakana & Aparatjara Targeting Ni-Cu sulphide & base metal mineralisation Æ High Priority Tempest EM anomalies identified
Slide 23: EL4048 Mt Caroline Drilling
EL4048 Mt Caroline Drilling SUMMARY • Focusing on the Giles Complex mafic-ultramafic Caroline Intrusion – prospective for Ni-Cu sulphide & PGE mineralisation • 19 diamond boreholes completed (7579.7m) • 856 vacuum boreholes completed (9595.35m) • Reprocessing & reinterpretation of Tempest EM survey
Slide 24: EL4048 Mt Caroline Drilling
EL4048 Mt Caroline Drilling
Slide 25: EL4048 Mt Caroline Drilling
EL4048 Mt Caroline Drilling Induced Polarisation geophysical survey – 7 lines (14.1km) Coincident EM & magnetic anomalies – follow up drilling Æ Further follow up drilling of other anomalies in tenement
Slide 26: EL3535 Pine Ridge
EL3535 Pine Ridge SUMMARY Focusing on known prospects: - Kenmore I & II - Eremophila, Southbank Giles Complex mafic and - ultramafic rocks Birksgate Complex meta- - igneous & meta-sedimentary rocks 5 diamond boreholes completed (1007.98m) 535 vacuum boreholes completed (3445.5m)
Slide 27: EL3535 Pine Ridge
EL3535 Pine Ridge PIN002: 124.68m- 124.68m-124.97m 0.48% Cu Mineralised migmatitic gneiss and metabasites rocks (Birksgate Complex) PIN002: 310.5- 310.5-312.15m 0.4% Cr Serpentinised olivine-bearing ultramafic rocks (Giles Complex?) Garnetites & calcsilicates Æ Broken Hill-type? PIN002: 339m
Slide 28: EL3931 Woodroffe
EL3931 Woodroffe Focusing on: - Giles Complex mafic EL3931 Woodroffe ultramafic rocks (including Caroline Intrusion - Birksgate Complex meta-igneous & meta-sedimentary rocks Cleared for exploration: EL4048 Mt Caroline 12 diamond boreholes 811 vacuum boreholes Æ Testing Tempest EM anomalies
Slide 29: Queensland Projects
Queensland Projects 100% interest in 24 tenements 2,773 sq.kms
Slide 30: Tenements prospective for gold, copper, uranium, phosphate and potash
The tenements are prospective for gold, copper, base metals, uranium, phosphate and potash
Slide 31: Uranium
143° 00" 146" 00° Ciiarsey EPM 17879 QO Ironhurst d EPM 18168 —_—_———_—— Log Creek 50 km EPM 17953 Robin Hood 19" 00" 19" 00" EPM 16917 5 Lower Percy Townsville EPM 15469 18020 The Gilbert River less ice ane a EP See bee Deep S EPM 15200. ~ The Bluff EPM 15419 20" 00" Woolgar East foe" 00" PepinNini
Slide 32: Uranium Targets
Uranium Targets m Uranium occurrences which have been inadequately tested by previous explorers and favourable geological settings for uranium mineralisation have been identified in 10 tenements m Principal targets are hard rock volcanic type deposits similar to the nearby Maureen and Ben Lomond Ura
Slide 33: Uranium, phosphate and potash
uranium, phosphate and potash
Slide 34: Uranium Phosphate Potash Targets
Uranium Phosphate Potash Targets m Numerous Uranium enriched Phosphate Rock prospects previously identified within EPM 14834 Plain Creek. Additional potential within Loyo and Rush tenements m Phosphate grades of up to 27% have been reported by previous explorers together with uranium grades of up to
Slide 35: Plain Creek Area
Plain Creek Area m Located within the Devonian Carboniferous Drummond Basin m Approx. 300kms by sealed road to the port of Townsville m Field reconnaissance and sampling programs have confirmed high grade uranium, phosphate and potash potential
Slide 36: 127 sites inspected and surface samples collected
127 Sites have been inspected and 138 surface samples collected for assays Highest Uranium 3,513 ppm U3O8 from Sassafras Creek Prospect Highest Phosphate 21.4% P2O5 from Robyn Lorraine West Prospect Highest Potash 5.8% from Sassafras Creek & Homestead Prospects
Slide 37: Gold and Base Metals
EPM 18020 Clarke River Gooll EPM 15170 be Deep Creek EPM 15419 20° 00" Wooilgar East PepinNini Minerals Limited 2200s ¢-0 146" 00"
Slide 38: Gold & Base Metals
Gold & Base Metals m Widespread copper, gold, silver and lead mineralisation has been identified in rock chip samples m 335 g/t gold, 85 g/t silver, 0.2% copper & 2.8% lead m 54 g/t gold, 870 g/t silver, 32.8% copper m 65.1g/t gold, 435g/t silver, 9.98% copper m 3.6g/t gold, 653g/t silver, 20.30% co
Slide 39: Gold & Base Metals
] TR Return Prospects a te | F Regional Geology Cainozolc Eromanga Basin Kennedy Province Voleanics | Kennedy Province Intrusives Gilberton Basin Pama Provinoe Granitoid i — we = peas | 1) etheridge Province iaNiai Minerals Limited FS] Soil Sampling Grid | _ EPM Application @ 341 denwrnynd Opener Pr
Slide 40: 25m NS linespacing, 30m height
25m NS linespacing 30m height
Slide 41: Union Project Uranium
7898500 N 7897500 N 7896500 N 7895500 N 790000 E 791000 E Union Project Uranium 792000 E 793000 E 793000 E 794000 E 7898500 N 7897500 N 7896500 N 7895500 N ee 40.0 cps 33.5 27.0 20.5 14.0 1.0
Slide 42: Primary quartz-chlorite-sulphide ore from the Union Prospect
Primary quartz-chlorite-sulphide ore from the Union Prospect
Slide 43: Percyville EPM15440 Rock Chip Results
Percyville EPM15440 - alk Valley Prospect (Rock Chip Results i Helimagnetics) ra : : ss6gitau List Au 23.8 gad’ 5 9.7 git Au 2B9GitAg ~238gitAg t=. °\* /24.7-git-Au ‘ 5BIgitAg — 29%, Cu “9, 5% cu. of “ S489. QPL AU) papers ; ” ep et he 237 g/t Au ‘ é \i | & 81.2 git’Ag 7 \ o>. : : \ - mri say 90.ig/
Slide 44: The Return EPM recent rock sample results
The Return EPM - Recent Pol metalic Rock Sam ple Results (Nov. 2008) 2git Au . 4.9g/t Au 19.1g/t Au Tg/t Ag _l2git Ag 1.1% Po» 6° Pb i —, z 14g/tadh > & . *22g/t Ag a a Sodepurtogs ha v4 ae +) N ie, by ppegit Au, 18gitAg ") ; : , N 21@/VAUy49git Ag s2.7artallaG ag 4 . ~ ; %, . > ' Z 500m warreeeeeee
Slide 45: The Return EPM15547 surface rockchip results
* * ta + * 1115 cottected by PNN] > tor (neta) 10g-1oz (n=30) 19-109 = (n=47) “19 (n=24) below detection (nil) values per tonne Au The Return EPM15547 - te PNN Surface Rockchips Results @ >10git Au Ogit Au Rock Chip “AZ 7 5qit- SAT SPPBS 0,5-1g/t Au » <0.5g/t Au Results (Gold) EPM 15547 The Return M
Slide 46: 80% of surface samples returned economic gold grades
80% of the 115 surface samples that have been collected by PepinNini for assays on this tenement have returned economic grades of gold with 15% returning more than 1oz/t
Slide 47: Queensland Project Summary
Queensland Project Summary m 100% interest in 24 tenements covering 2,773 sq kms m Confirmed high grade gold, copper, uranium, phosphate and potash potential m Priority high grade shallow gold targets ready to drill
Slide 48: Thank You
Disclaimer: Thank You • The information in this presentation is published to inform you about PepinNini Minerals Limited and its activities. All reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the right to make changes t