Element 25 Limited · ASX:E25
Element 25 — Montezuma Mining Company — Shareholder Meeting (November 2009)
33 slides from Element 25's shareholder meeting presentation, November 2009
Slide 1: AGM Update 2009
AGM Update 2009 GOLD Resource upgrades achieved and first gold poured Significant ground expansion at Peak Hill New discovery at Windsor MANGANESE Exciting new 100% owned Butcher Bird Project Major shareholding in Auvex Resources Limited IRON ORE Midwest completes first pass drilling at Mt Padbury N
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Montezuma Mining Company Ltd and its associated entities (“Montezuma") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Montezuma’s projects, may rely on vari
Slide 3: Note on drilling intersections
Note on drilling intersections ! Please note that unless otherwise stated, all drill hole intersections are quoted as down-hole widths not true widths.
Slide 4: Corporate Snapshot (listed November 2006)
Corporate Snapshot (listed 9 November 2006) ! Board of Directors ! Structure " Denis O’Meara (Chairman) " Shares: 42.03M " Justin Brown (Executive Director) " Options (20c): 17.2M " Ian (Inky) Cornelius (Non-executive " Options (35c): 6M Director) " Cash: $1.7M (approx) " Market Cap (25c): $10.51M !
Slide 5: Share Price Chart
Share Price Chart First gold pour at Peak Hill Peak Hill drilling commences First Mn results from Butcher Bird Mt Padbury Iron Ore update Auvex Resources sells first manganese Jubilee Resource upgrade
Slide 6: Share Register - Top 20
Share Register - Top 20 Holder Name Number Held Percentage SOUTH BOULDER MINES LTD 3,975,000 9.46% TAO YUAN LIMITED 3,950,000 9.40% ALPHA BOXER LTD 2,690,000 6.40% DUKETON CONSOLIDATED LTD 2,550,000 6.07% MANDIES MEATS PTY LTD 2,139,000 5.09% AVANIA NOMINEES PTY LTD 1,806,415 4.30% KONGMING INVESTME
Slide 7: Core Projects / Non-Core/Residual
! CORE PROJECTS " Peak Hill: gold (85-100%) " Durack: gold, VMS (earning 85%) " Mt Padbury: gold (100% excl. Fe & Mn) " Egerton: gold (100%) ! Non-Core/Residual " Tuckabiana (10%) " Leonora/Weebo: (70%)
Slide 8: Gold?
Gold? ! Strong price performance. ! Future projections by most analysts remain strong. ! Underpinned by strong physical demand from emerging markets. ! Currency uncertainties favouring gold. ! Safe haven investment appeal.
Slide 9: Key Milestones This Year
Key Milestones This Year ! Peak Hill " Significant expansion of tenure in and around Peak Hill. " Exploration success at Jubilee and Enigma. " Resource upgrade at Jubilee. " Gold production underway via tribute mining agreement. ! Durack " Exploration data review resulting in a number of new targets
Slide 10: Extended Ground Position
Extended Ground Position ! Peak Hill " Additional 111km2 of ground acquired with significant gold prospectivity. " A number of new, high priority and often untested targets identified within the extended tenure. ! Naracoota Formation " 220 km2 of tenure over the Naracoota Formation including new acq
Slide 11: Peak Hill regional map
PLUTONIC MINE SANDFIRE RESOURCES NL MONTEZUMA MINING COMPANY LTD DE GRUSSA PROSPECT HERMES PROSPECT PEAK HILL MINE TALISMAN MINING LIMITED ALCHEMY RESOURCES LTD
Slide 12: Naracoota Formation
640000m_ 650000m, NARACOOTA FORMATION TOTAL MAPPED AREA: 220km? 77800000 7140000n Peak Hill Newly acquired ground at McCarthy Well | [7] naracoota em. 4 /680000m Map Legend e Mine Site ~ Prospects | Montezuma Tenements CJ Alchemy Tenements Geological Legend Proterozoic Bengemall Group Earaheedy Grou
Slide 13: Jubilee Resource Upgrade
Jubilee Resource Upgrade ! 400% increase in the Resource Estimate for Jubilee ! New Resource is 605,000t @ 2.41 for 46,800 ounces of contained gold. ! Resource is still open in a number of directions ! Potential remains for further increases to the Resource. ! First of a series of Resource updates e
Slide 14: Jubilee Resource Statement
MONTEZUMA MINING COMPANY LTD Jubilee Resource Statement Deposit Tonnes | Au (g/t) | Ounces Indicated J2 22,000 2.63 1,900 J3 78,000 1.74 4,400 SubTotal 100,000 | 1.95 6,300 Inferred J2 179,000 | 2.81 16,200 J3 326,000 | 2.32 24,300 SubTotal 505,000 | 2.49 40,500 Total J2 202,000 | 2.79 18,100 J3 403
Slide 15: Legend
LEGEND Block Model Gold value © <0.5 gitnot displayed B 05to1gt B 1to3gt x \ | : | ; B® 3to8gt h jf =e |= iy ® 8+gt
Slide 16: Durack Drilling
Durack Drilling ! Six holes were completed for a total of 760m. ! Five holes targeting the edges of the current Resource ! One hole testing beneath a historic RAB intersection of 14m @ 3.68 g/t gold. ! Windsor zone confirmed – new discovery
Slide 17: Windsor Discovery
Windsor Discovery ! New zone south of the main Durack Resource ! Associated RAB anomaly over 500m in strike length and open in both directions ! Additional new targets identified from historic RAB ready for RC drill testing ! Prospective areas identified where there is no previous work
Slide 18: Peak Hill Windsor Discovery
Peak Hill Jubilee Alchemy Resources Harmony Tenement Enigma Map Legend Mine Site Prospects Durack Montezuma Tenements Alchemy Tenements NARACOOTA FM. Geological Legend FIGURE 2 WINDSOR DISCOVERY Proterozoic 33m @ 1.89 g/t gold including 3m @ Bengemall Group 3.52 g/t and 7m @ 5.32 g/t Earaheedy Group
Slide 19: Windsor Discovery Hole and RAB Anomalies
EXISTING RESOURCE AREA WINDSOR DISCOVERY HOLE 33m @ 1.89 g/t gold incl. 3m @ 3.52 g/t and 7m @ 5.32 g/t RAB ANOMALY 2 RAB ANOMALY 1 • over 500m in strike length • open to the SE and NW
Slide 20: Cross Section Showing New Mineralised Zone Discovered at Durack
CROSS SECTION SHOWING NEW MINERALISED ZONE DISCOVERED AT DURACK Historic RAB Drilling intersection of 14m @ 3.68 g/t from 36m D09002: 33m @ 1.89 g/t gold from 118m incl. 3m @ 3.52 g/t and 7m @ 5.32 g/t
Slide 21: Tribute Mining Operations
Tribute Mining Operations ! Gold is being produced by Resource Gold Pty Ltd. ! Gravity processing of mill scats and associated material. ! Producing good cash-flows so far; an important additional source of funding. ! Potential to produce for an extended period of time through the identification of
Slide 22: Tribute Mining Photos
MINING COMPANY LTD Tribute Mining Photos
Slide 23: Butcher Bird Project
Butcher Bird Project ! Tenements expected to be granted Jan/ Feb 2010. ! Reconnaissance work has highlighted excellent potential for manganese and copper. ! Drilling slated for commencement as soon as primary licence is granted.
Slide 24: Manganese Potential
Manganese Potential ! Ground recon. Has identified several priority target areas. ! Mineralisation occurs as both lateritised sediments and in paleochannel deposits. ! Potential for high grade DSO as well as beneficiable ore. ! Drill testing to commence on grant of tenure.
Slide 25: Montezuma
MONTEZUMA
Slide 26: Butcher Bird Copper Mine
Butcher Bird Copper Mine ! Min. approx 4km known strike potential. ! Primary copper sulphide identified in thin section. ! Previous source of high grade oxide production. ! No known drilling to date.
Slide 27: Butcher Bird Copper Potential
Butcher Bird Copper Potiential
Slide 28: Montezuma sample BB27
MONTEZUMA MINING COMPANY LTD Sample BB27- primary Iron Oxide Breccia >> 5 Silicified host rock and i breccia clasts.
Slide 29: Exploration Focus - 2009/2010
Exploration Focus - 2009/2010 " Peak Hill/Meekathara ! Peak Hill Mine (gold) " Resource upgrades to continue at Enigma, Harmony, Main Pit and Durack. " Windsor Resource to follow once sufficient drilling has been completed. " Extend known mineralisation and test top tier exploration targets particul
Slide 30: Maturing Investments
Maturing Investments ! Mt Padbury Iron Ore Sale " First $2M cash payments received " First drilling programme completed. " Goethite and haematite mineralisation intersected – assays pending. " Up to $5M plus royalties payable going forward ! Auvex Resources Limited " 10M shares held in Auvex (approx
Slide 31: Summary
Summary ! Flagship project at the Peak Hill Mine with existing resources and exploration upside. ! Satellite gold exploration ground at Mt Padbury and Durack. ! Backed by a strong board with extensive experience and a track record of discovery success ! Tight capital structure and director’s remuner
Slide 32: Contact Details
Contact Details ! Please direct queries to: Justin Brown (Managing Director) Mobile: 0438 745 675 Email: info@montezumamining.com.au ! Website: http://www.montezumamining.com.au
Slide 33: Competent Persons Statements
Competent Persons Statements ! Montezuma Mining Company Ltd confirms the information in the Annual General Meeting presentation that relates to exploration results is based on information compiled by Justin Brown, who is a member of the Australian Institute of Mining & Metallurgy. Mr Brown is a geol
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