Lodestar Minerals Limited · ASX:LSR
Lodestar Minerals — Shareholder Meeting (October 2010)
21 slides from Lodestar Minerals's shareholder meeting presentation, Oct 29, 2010
Slide 1: Annual General Meeting Presentation cover letter
Lodestar Minerals Limited ABN 31 127 026 528 Registered office Postal address 41 Stirling Highway PO Box 985 Nedlands WA 6009 Nedlands WA 6909 Tel: +61 8 9423 3280 Website Fax: +61 8 9389 8327 www.lodestarminerals.com.au For personal use only 29th October 2010 ASX Limited By Electronic Lodgement Dea
Slide 2: Lodestar Minerals Limited: Exploring in Australia's Newest Base Metal Province
For personal use only LODESTAR MINERALS LIMITED EXPLORING IN AUSTRALIA’S NEWEST BASE METAL PROVINCE October 2010 1
Slide 3: Disclaimer
Disclaimer For personal use only Forward Looking Statements Forward Looking Statements: This document may include forward‐looking statements. Forward looking statements include, Forward‐looking include but are not limited to, to statements concerning Lodestar Minerals’ exploration program and other
Slide 4: Introduction
Introduction For personal use only Why the Peak Hill – Doolgunna area? Corporate Structure and Peer Comparison – the investment proposition Timeline of Events Exploration Targets Neds Creek Project Western Project Marymia Project Conclusion 3
Slide 5: Jenkin Thrust Belt – a New Base Metal Province
Jenkin Thrust Belt – a New Base Metal Province For personal use only Host to Sandfire’s growing Degrussa discovery Base metal/Gold mineralisation recorded at a number of locations over 100‐150 kilometres Historical exploration is limited Degrussa, potentially the first major j didiscovery in
Slide 6: The Exploration Opportunity
The Exploration Opportunity For personal use only Key land position (2,000km2) within the Jenkin Thrust Belt Ned’s Creek Project Western Project j Northling Project Immediate drill targets based on VTEM/ base metal geochem anomalies A large, under under‐‐explored land holding in Australia’
Slide 7: Investment Opportunity
Investment Opportunity For personal use only A large, large strategic tenement holding in a new and under under‐explored explored growing base metal province Prospectivity p y on a p par or better than manyy higher g capped pp competitors Lowest market cap entry into the province Major share
Slide 8: Share Price Targets – Competitor Comparison
Share Price Targets – Competitor Comparison For personal use only Company Commodity Status Market Cap $M Sandfire Cu‐Au Resource (Cu‐Au) 1,060 Thundelarra Cu‐Au Exploration 109 Talisman Cu‐Au Exploration 100 RNI Cu‐Au Cu Au Exploration 84 Sipa Cu, Au Exploration 55 Alchemy Au, Cu‐Au Resource (Au) 47
Slide 9: Corporate Snapshot
Corporate Snapshot For personal use only ASX code: LSR Issued Capital: 74 million shares/6 million unlisted options Cash: $1.9 million (30 September 2010) 12 month Share Price ($3.3M post‐placement) Performance Market capitalisation: Low High Current $13 million (26 October 2010) 0.05 0.19 0
Slide 10: Timeline of Events 2010
Timeline of Events 2010 For personal use only March – Acquire project (9 of 13 tenements at application stage) April – Fly VTEM & identify anomalies August – Marymia tenements granted September Neds Creek tenements granted Capital Raising Announced October Complete native title agree
Slide 11: Ned's Creek Project: Exploration Opportunity
Ned’s Creek Project : Exploration Opportunity For personal use only Widespread copper/base metal mineralisation on adjacent tenements Anomalous base metal ggeochemistryy on district‐wide basis suggests a large mineralising system Graben structures interpreted adjacent to Basement High Analog
Slide 12: Ned's Creek Project: McDonald Well Prospect
Ned’s Creek Project: McDonald Well Prospect For personal use only Historic exploration: WMC rock chips to 4100 4100ppm C and Cu d 1120ppm 1120 ZZn CRA anomalous Cu in shallow (1‐3m) auger drilling 2010 VTEM survey identifies VTEM anomalies and conductive unit coincident with anomalous base m
Slide 13: Ned's Creek: Exploration Program
Ned’s Creek: Exploration Program For personal use only VTEM: Extend Survey to cover entire project area Land Access: Finalise negotiations with Traditional Owners (September) Exploration: Geological mapping, Soil and Rock Chip Sampling and surface EM RC Drilling (November – December) five
Slide 14: Ned's Creek: Exploration Program
Ned’s Creek: Exploration Program For personal use only Ground EM being completed over a further 9 VTEM anomalies – extend the drilling program Gravity survey over K42 magnetic anomaly – alteration/density contrasts McDonald Well area – VTEM anomalies, in-fill EM surveys and drill targets B4-B29
Slide 15: Ned's Creek: Exploration Program
Ned’s Creek: Exploration Program For personal use only Photograph of the B23 anomaly drill site Aggressive exploration/drilling proposed 14
Slide 16: Western Project: The Exploration Opportunity
Western Project: The Exploration Opportunity For personal use only LANDHOLDING: Adjoins Sandfire and Ausgold tenements LOCATION: Between major gold camps, 6km NW of DeGrussa HISTORIC EXPLORATION: effectiveness reduced by extensive soil/hardpan cover soil sampling anomalies to 80ppb Au wi
Slide 17: Western Project: The Exploration Program
Western Project: The Exploration Program For personal use only Land Access: Finalise heritage access agreement Geochemistry: Regional stream/soil/rock chip geochemistry – first pass exploration gold, copper, base metals Exploration under cover: Geological g / structural studyy – focus on p pot
Slide 18: Marymia Project: The Exploration Opportunity
Marymia Project: The Exploration Opportunity For personal use only Little systematic exploration exploration, extensive soil cover p Diamond exploration intersected ultramafic/mafic basement with sulphides in historic drilling – not assayed Unresolved gold in stream samples to 164ppb associate
Slide 19: Marymia Project: The Exploration Program
Marymia Project: The Exploration Program For personal use only Land Access: Heritage agreement signed with Gingirana July 2010 Geochemistry: Review and plan geochemical programs for gold exploration infill Field checkingg / mapping pp g / soil ggeochemistryy for base metals and gold Region
Slide 20: Looking Forward
Looking Forward For personal use only McDonald Well drilling program Complete C l t iin‐fill fill EM surveys, including i l di Little Littl W Wellll SSouth th – expected t d tto define additional drill targets Geochemistry: commence orientation geochemical exploration ‐ Neds Creek & Marymia
Slide 21: Lodestar Minerals Limited contact details
LODESTAR MINERALS LIMITED 41 Stirling Highway For personal use only Nedlands WA 6009 Bill Clayton T: 08 9423 3281 F: 08 9389 8327 billclayton@lodestarminerals.com.au 20
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