Activex Limited · ASX:AIV
Activex — Shareholder Meeting (November 2009)
50 slides from Activex's shareholder meeting presentation, Nov 30, 2009
Slide 1: Chairman's Address
ActivEX Limited. A.C.N. 113 452 896 117 Quay Street BRISBANE QLD 4000 P.O. Box 217 PADDINGTON QLD 4064 P: (07) 3236 4188 F: (07) 3236 4288 E: admin@activex.com.au For personal use only CHAIRMAN’S ADDRESS ACTIVEX LIMITED Annual General Meeting 30 November 2009 Good Morning Ladies and Gentlemen, my na
Slide 2: Managing Director, Annual General Meeting
Annual General Meeting 30 November 2009 For personal use only Managing Director ActivEX Limited Doug Young Active explorers for new gold-copper resources …. moving towards development Nov 2009 1
Slide 3: Company History
Company History z Mineral exploration company focused on gold and copper For personal use only z Listed April 2006 raising $3M z Landmark joint ventures established with Minotaur/Mitsubishi and Norton Goldfields z Drill testing at 75% of project areas z $4.5M spent on projects since listing z Signif
Slide 4: Highlights 2008-2009
Highlights 2008-2009 z Option to Purchase exercised Lake Chandler Potash Deposit For personal use only z Maiden Resource at Lake Chandler – scoping study in progress z Significant ground position attained in the Cloncurry district z Highly anomalous copper, gold and molybdenum values in initial work
Slide 5: Capital Structure
Capital Structure For personal use only z Issued Capital (post July 2009 rights) 61,983,083 z Total Issued Capital (post LC option Exercise) 70,483,083 z Unlisted Options 2,150,000 z Bonus Options Issue 1 for 5 (ex July 2010 @ 8c) 15,896,616 z Key Holders o M Ruane (&Associates) 19.9% o MD 14.8% o S
Slide 6: Board of Directors
Board of Directors z Ian Daymond - Chairman For personal use only Commercial Lawyer, experience with WMC, Hunter Resources, Delta Gold as general counsel, NED Hill End Gold Limited, Honorary Consul for Botswana in NSW z Doug Young - Managing Director Geologist, 30 years experience with North, Griffi
Slide 7: Portfolio
Gold and copper/gold exploration focus Portfolio z specialising in Queensland terranes For personal use only z Potash development potential WA wheat-belt Nov 2009 6
Slide 8: Advanced Projects
For personal use only Advanced Projects Nov 2009 7
Slide 9: Lake Chandler Potash Project
Lake Chandler Potash Project z Option to purchase granted Mining Lease and data For personal use only o exercised October 2009 z Located in central wheat-belt of WA, 48km north of Merredin z Salt lake with alunitic clays (hydrated potassium sulphate) Nov 2009 8
Slide 10: Potash – Previous Work
Potash – Previous Work z Discovered 1920s, mined for For personal use only potash in 1940s - idle since z Extensive drilling in 1980s – 112 holes, 315 samples z Consistent mineralisation over top 6m of lake sediments z Drilling information confirmed, Inferred JORC Resource announced Jan 2009 z Ident
Slide 11: Potash - Resources
Potash - Resources z Inferred Resource 5.8M tonnes @ 5.7% K2O For personal use only z Minor infill drilling to upgrade resource z 20-30 year mine life at planned production status rates The data in this report that relates to Mineral Resources for the Lake Chandler Deposit is based on information ev
Slide 12: Lake Chandler Processing
Lake Chandler Processing z 3 possible treatment routes reviewed For personal use only with different product outcomes z Preferred processing path – ammonia pressure leach (PAL) process o improved leach technology o lower capital and operating costs o market ready products SOP and SOA z 2009 bench sc
Slide 13: Processing flowsheet
ROM Sizer Bore Field Water For personal use only Scrubber CCD Circuit NH3 NH3 stripper RO Plant Autoclave Surge Tank Saline discharge Crystalliser Products Alumina rich residue Nov 2009 SOP and SOA 12
Slide 14: Potash – Supply and Demand
Potash – Supply and Demand Drivers For personal use only z world demand for food is increasing z competing demand on agricultural products for fuel stocks z available arable land decreasing z need for improved productivity/yields Demand z demand for all fertilisers increasing z potash shows greatest
Slide 15: Potash – Future Outlook
Potash – Future Outlook Geography on our side – For personal use only transport advantages z Principal producers in Canada, Russia, Belarus z few southern hemisphere producers z high demand in Asia z no local production z import replacement is our principal target market Nov 2009 14
Slide 16: Potash – Prices
Potash – Prices z SOP trades at 20-30% premium to MOP For personal use only z Global demand/supply balance is projected to keep prices high for the foreseeable future z No obvious new sources of supply z Potash prices remain high despite retraction of other fertiliser and reagent prices z Potash pri
Slide 17: Exploration Projects
For personal use only Exploration Projects Nov 2009 16
Slide 18: QLD Portfolio
QLD Portfolio z Gold and copper/gold focus specialising in For personal use only Queensland terranes – projects cover 1736sq. km z Large porphyry copper-gold potential at Booubyjan, Blairmore, Pentland o 88m @ 0.47% Cu, 0.49g/t Au o Cu/Mo/Au zones, 47m @ 0.9g.t Au Cairns z Epithermal gold/silver min
Slide 19: QLD Joint Ventures
QLD Joint Ventures z Strong ground holding 100% AIV For personal use only z Pentland Farm Out o Currently AIV 100% o CYU can earn 70% by spending $3M in two stages over five years Cairns z Booubyjan Farm Out Kidston o Currently Minotaur 51%, AIV 49% Townsville o Mitsubishi Corp and Mitsubishi Materi
Slide 20: Cloncurry Project
Cloncurry Project For personal use only z Prospective for Iron Oxide style copper-gold deposits (IOCG) {Ernest Henry (125M tonnes @ 1% Cu and 0.53g/t Au} and skarn style copper gold – Recent major discoveries z Rocklands Cu-Co (CDU) z Kalman Mo-Cu-Au (KMN) z Lanhams Shaft Mo-Cu-Au (IVA) z Mt Elliot/
Slide 21: Florence Creek IOCG Targets
Florence Creek IOCG Targets z Emerald Well – gravity/mag target For personal use only with IOCG mineralisation Gravity data Nov 2009 20
Slide 22: Florence Creek IOCG Targets
Florence Creek IOCG Targets z Emerald Well – gravity/mag target For personal use only with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation Gravity data Nov 2009 21
Slide 23: Florence Creek IOCG Targets
Florence Creek IOCG Targets z Emerald Well – gravity/mag target For personal use only with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation z Ironclad – mag target with haematitic breccias and copper Gravity data Nov 2009 22
Slide 24: Florence Creek IOCG Targets
Florence Creek IOCG Targets z Emerald Well – gravity/mag target For personal use only with IOCG mineralisation z Dromedary – gravity/mag target with copper mineralisation z Ironclad – mag target with haematitic breccias and copper z Pokara – gravity target, haematitic milled breccias Gravity data No
Slide 25: Florence Creek Skarn Targets
Florence Creek Skarn Targets z Green Valley - fold nose, mag and For personal use only gravity target, copper workings Aeromagnetic data Nov 2009 24
Slide 26: Florence Creek Skarn Targets
Florence Creek Skarn Targets z Green Valley - fold nose, mag and For personal use only gravity target, copper workings z Florence Bore – 4m @ 3% Cu, 0.3g/t Au, workings, gravity and mag targets Aeromagnetic data Nov 2009 25
Slide 27: Florence Creek Skarn Targets
Florence Creek Skarn Targets z Green Valley - fold nose, mag and For personal use only gravity target, copper workings z Florence Bore – 4m @ 3% Cu, 0.3g/t Au, workings, gravity and mag targets z Dandy/Trump –12m @ 2.9%Cu, 0.38g/t Au, mag anomalies, high Mo in rock samples to 0.4% Mo Aeromagnetic da
Slide 28: Florence Creek Skarn Targets
Florence Creek Skarn Targets z Green Valley - fold nose, mag and For personal use only gravity target, copper workings z Florence Bore – 4m @ 3% Cu, 0.3g/t Au, workings, gravity and mag targets z Dandy/Trump –12m @ 2.9%Cu, 0.38g/t Au, mag anomalies, high Mo in rock samples to 0.4% Mo z Wallaces Hill
Slide 29: Florence Bore – Green Valley
Florence Bore – Green Valley For personal use only z Green Valley – coincident mag and gravity target associated with fold nose, copper workings, copper and gold anomalous zones in soils z Florence Bore North – workings, rock chips to 7% Cu, 4g/t Au, 210ppm U, mag and gravity anomaly z Florence Bore
Slide 30: Booubyjan JV - Setting
Booubyjan JV - Setting z 80 km west of Gympie, JV with For personal use only Minotaur and Mitsubishi earning in z Porphyry Cu-Au prospect in co- magmatic Triassic Volcanics Sefton z Composite intrusive centre at Dadamarine intersection of two major structural sets Goonuloom z Significant previous dr
Slide 31: Goonuloom – Geochem/mag
Goonuloom – Geochem/mag Hines – 26m @ 0.35% Cu, For personal use only 0.45g/t Au from 20m Kiwi - 14m @ 0.72% Cu, Kakapo – 88m @ 0.47% Cu, 0.72g/t Au from 16m 0.49g/t Au from 38m ABJ010 – 42m @ 0.13% Cu, 0.04g/t Au White Horse – 38m @ 0.74% Cu, 0.13g/t Au from 20m, strong alteration ABJ012 – 109m @ 0
Slide 32: Goonuloom Stock – IP -20m
Goonuloom Stock – IP For personal use only -20m Nov 2009 31
Slide 33: Goonuloom Stock – IP -70m
Goonuloom Stock – IP For personal use only -70m Nov 2009 32
Slide 34: Goonuloom Stock – IP -120m
Goonuloom Stock – IP For personal use only -120m Nov 2009 33
Slide 35: Goonuloom Stock – IP -170m
Goonuloom Stock – IP For personal use only -170m Nov 2009 34
Slide 36: Goonuloom Stock – IP -220m
Goonuloom Stock – IP For personal use only -220m Nov 2009 35
Slide 37: Goonuloom Stock – IP
Goonuloom Stock – IP For personal use only Circular pyritic “shell” with broad zones of low-moderate grade copper/gold Nov 2009 36
Slide 38: Goonuloom Stock - Magnetics
Goonuloom Stock - Magnetics For personal use only Deep magnetic targets in the centre of the system are 2009 drill targets Summary z Coherent pyritic shell z Large and intense alteration system over several km z Wide zones of mineralisation 30-100m z Drilling has still not intersected the hottest (b
Slide 39: Pentland JV – Project Summary
Pentland JV – Project Summary z NE trending gold belts For personal use only Quartz Hill Porphyry 186m @ 0.13%Cu Nipple Breccia 10m @ 1.1g/t Au Eight Mile Breccia – Porphyry system Mt Remarkable Porphyry 47m @ 0.9g/t Au Norwood Gold City Reefs 8M @ 2.2g/t Au 6m @ 3.3 g/t Au Nov 2009 38
Slide 40: Mt Remarkable - Norwood
Mt Remarkable - Norwood For personal use only z Structurally controlled demagnetized zone associated with alteration at Mt Remarkable z Most intense part correlates with IP anomalies z Gold mineralisation peripheral to demagnetised zone z Norwood mag high sits on periphery of major interpreted intru
Slide 41: Mt Remarkable - IP
Mt Remarkable - IP z Drilling has targeted surface geochem - most holes too shallow to intersect IP targets For personal use only -126m Nov 2009 z Coincident demagnetised zone 40
Slide 42: Mt Remarkable - IP
Mt Remarkable - IP z Drilling has targeted surface geochem - most holes too shallow to intersect IP targets For personal use only -217m Nov 2009 z Coincident demagnetised zone 41
Slide 43: Mt Remarkable - IP
Mt Remarkable - IP z Drilling has targeted surface geochem - most holes too shallow to intersect IP targets For personal use only -270m Nov 2009 z Coincident demagnetised zone 42
Slide 44: Norwood - IP
Norwood - IP For personal use only Resisitivity Drilling has targeted surface geochem Shallow IP anomalies F Mag anomaly Chargeability Deep IP anomalies Nov 2009 43
Slide 45: Barambah – Long Section
Barambah – Long Section z Previous mining and shallow drill pattern For personal use only o Gram-metres values to 35.6 gm Barambah Open Pit (7700 ozs) z Apparent high grade shoot o Plunges to the south o Resistivity target BAR8 Nov 2009 44
Slide 46: Prospect Creek - Gossans West
Prospect Creek - Gossans West For personal use only z Previous drilling lacked targets within extensive alteration pipes z Government funding for target generation - $37,000 z Use of portable XRF technology and PIMA spectrometry z Concentrating on Molybdenum porphyry target at Cockatoo Ridge (highes
Slide 47: Esk Trough
Esk Trough z Porphyry copper-gold/Epithermal gold For personal use only environment z Lithospheric scale change across Esk Trough highlights prospective zone of shallow subduction z Several leached caps/hydrothermal pipes identified z PIMA/low level geochem has prioritised caps with Blairmore Pipe p
Slide 48: Project Status
Project Status For personal use only z Development ? z Scoping/Pre-feasibility Lake Chandler studies z Drilling Booubyjan, Barambah, Pentland z Geophysical surveys/target Florence Creek, definition Norwood South, Blairmore z Prospects identified/field Ban Ban, Prospect Creek, Oxley surveys in progre
Slide 49: Forward Program
Forward Program z Scoping study results due December 2009 For personal use only o Upgrade resources Lake Chandler and Reward Lake o Water source exploration/dewatering studies o Process metallurgy optimisation tests o Detailed engineering scenarios o Environmental/Permitting z Drilling Pentland Febr
Slide 50: Why Invest in AIV
Why Invest in AIV z Potash development potential – Lake Chandler WA For personal use only z Exciting IOCG copper gold targets in Cloncurry - drill ready first half 2010 z Drilling proposed for JV areas in first half 2010 z Strong project pipeline (organic growth) z Always looking for new opportuniti