Lachlan Star Limited · ASX:LSA
Lachlan Star — Investor Presentation (May 2008)
14 slides from Lachlan Star's investor presentation, May 8, 2008
Slide 1: Lachlan Star
For personal use only Lachlan Star 0
Slide 2: Company Summary
Company Summary For personal use only Lachlan Star Limited (LSA) • Focussed on building a multi commodity mining business • Strategic focus on coal, copper and gold • 770 m shares and 18.3 m options on issue pre placement and Holfontein transaction • Owns 100% of the Bushranger copper –gold project
Slide 3: Shareholders
Shareholders For personal use only Top 101 1. McMullen Family Trust 12.9 % 2. Straits Exploration Pty Ltd 12.6 % 3. Franzmann Family AC 6.8% 4. Macquarie Metals and Mining Div 3.4 % 5. Ashwath Mehra 3.2% 6. Zero Nominees 3.0% 7. Bohannan Superfund 2.7% 8. Haifa Pty Ltd 2.6% 9. Oakhurst Enterprises 2
Slide 4: Share Performance
For personal use only Share Performance 3
Slide 5: Bushranger Copper Gold Project, New South Wales
Projects For personal use only Bushranger Copper Gold Project, New South Wales • Inferred Resource containing 124,000 tonnes of copper at a grade of 0.45% copper at the Racecourse prospect • Large copper-gold porphyry system in Lachlan Fold Belt • Tenement covers 75 km2 to the south of Oberon • Priv
Slide 6: Bushranger Copper Gold Project, New South Wales
Projects For personal use only Bushranger Copper Gold Project, New South Wales • Prospects include: • Racecourse • Racecourse North • Footrot • Hopes Creek Gossan • Swatchfield RGC 5
Slide 7: Bushranger Copper Gold Project, New South Wales
Projects For personal use only Bushranger Copper Gold Project, New South Wales • Previous work focused on the Racecourse Prospect in the north • Recent work by LSA has focused on the Footrot Prospect in the south • An IP survey has identified three strong anomalies coincident with a copper in soil g
Slide 8: Holfontein Coal Project, South Africa
Projects For personal use only Holfontein Coal Project, South Africa • Agreement to acquire a 100% interest from Coal of Africa • Total staged consideration of A$25 million • A$15 million payable on settlement (minimum of A$ 9 million in cash), with the remainder payable on: • grant of New Order Min
Slide 9: Holfontein Coal Project, South Africa
Projects For personal use only Holfontein Coal Project, South Africa • Excellent infrastructure with the main rail line and access roads running over the project • Access is easy with open farmland • Provides an opportunity for LSA to enter the South Africa coal industry quickly • Strategically loca
Slide 10: Projects
For personal use only Projects 9
Slide 11: Holfontein Coal Project, South Africa
Projects For personal use only Holfontein Coal Project, South Africa • Project includes: • Holfontein Farm • Option Agreement over Wildebeestfontein • There are two main coal seams present • The 5 Seam is a thin, high quality , low phosphorous semi soft coking coal • The 4 Seam is typically thicker
Slide 12: Projects
For personal use only Projects 11
Slide 13: Holfontein Coal Project, South Africa
Projects For personal use only Holfontein Coal Project, South Africa • Various economic and resource studies carried out on the project at a Scoping Study and PFS level • Likely development scenario is a small underground mine to mine both the 5 and 4 Seams • Access would be via a shallow boxcut (35
Slide 14: Capital Raising
Capital Raising For personal use only Phase Shares on Issue Cash Current 770 million $1.6 million Placement Tranche 1 @ 3 c 100 million $3 million Placement Tranche 2 @ 3 c 200 million $ 6 million COA Shares 200 million TOTAL 1.27 billion $10.6 million Market Capitalisation Post Transaction @ 5 c $6