Strickland Metals Ltd · ASX:STK

Strickland Metals — Australian Resources — Shareholder Meeting (November 2006)

15 slides from Strickland Metals's shareholder meeting presentation, Nov 27, 2006

  1. Slide 1: Annual General Meeting 2006

    ANNUAL GENERAL MEETING 2006 HELD ON 27 NOVEMBER, 2006 AT 1:00 pm THE CELTIC CLUB 48 ORD STREET, WEST PERTH, WESTERN AUSTRALIA HIGHLIGHTS: ƒ ASX listing on 6 April 2006 (codes AYR and AYRO) ƒ Completed acquisition of Comet-Webb’s Patch and Horse Well projects ƒ Gold resources increased by 63,893 ozs

  2. Slide 2: Highlights continued / Board and Management

    HIGHLIGHTS continued: ƒ Diamond drilling planned for extensions to Comet underground in January 2007, depending on finalising rig availability ƒ RC drilling of high priority EM anomaly east of Comet to commence in early December 2006 ƒ Nickel exploration commenced on peridotite ultramafic flows in C

  3. Slide 3: Comet-Webb's Patch

    COMET-WEBB’S PATCH Ö Project located near Cue Ö Near operating mills at Mt. Magnet and Burnakura Ö Currently evaluating construction of a MMP at site 3

  4. Slide 4: Comet-Webb's Patch / Comet Drilling Targets

    COMET-WEBB’S PATCH ƒ Principal strategy is to recommence mining and expand resource base ƒ Comet underground resource 165,000 ozs ƒ Pinnacles, Comet North, Eclipse, and Comet South have Nickel over 53,000 ozs in pits and Exploration area cutback ƒ Exploration using geophysics, structural studies and

  5. Slide 5: Comet Drilling

    COMET DRILLING ƒ Drilled approximately 5,000 metres to test fault zone between Comet and Eclipse ƒ Discovered new high-grade zone 500 m to south of Comet COMET DRILLING RESULTS AND PLANNED DRILLING 5

  6. Slide 6: Tempest AEM Conductivity / EM Targets

    TEMPEST AEM CONDUCTIVITY TEMPEST EM TARGETS 6

  7. Slide 7: New Ground EM Target / Comet SAM Surveying

    NEW GROUND EM TARGET ƒ Untested target in Anglo Australian Resources JV tenement ƒ To be drill tested in December 2006 COMET SAM SURVEYING ƒ Gold bearing structures detected and new targets generated ƒ Venus target to be drilled in December 2006 7

  8. Slide 8: Comet Project, Mining / Preliminary Cash Flow Forecasts

    COMET PROJECT, MINING Pre-feasibility studies currently pending: - Metallurgical test results, so far high gravity recovery following 75 microns grind (>50%) with a total recovery of 94% with leaching - This shows that gold with sulphide is non-refractory - Optimal flow sheet for processing plant de

  9. Slide 9: Horse Well

    HORSE WELL ƒ Palomino prospect has a gold resource of 50,000 oz above 100m depth ƒ Open along strike and depth ƒ Optimised open cut potential ƒ Other advanced prospects within tenement ƒ Within trucking distance to Jundee and Wiluna mines ƒ Geophysics and drilling to increase resources and explore f

  10. Slide 10: Horse Well Palomino Long Section

    HORSE WELL Palomino Long section looking east HORSE WELL SAM survey Results ƒ Tenements recently cleared through Native Title ƒ Resource evaluation for Bronco and Filly ƒ Geochemical targeting and drilling in 2007 10

  11. Slide 11: North Kimberley

    NORTH KIMBERLEY • 88 Creek project • Entirely new gold province in Australia • North Australian Diamonds NL spent $1.6 million exploring for gold and advanced 88 Creek to stage of deep drilling • Gold can be explained as an epithermal deposit forming within the continental plate • Several prospects

  12. Slide 12: 88 Creek

    88 CREEK • First pass drilling proved a bedrock source for the gold • Requires targeting and drilling below low-grade gold intersections in order to test for high-grade mineralisation 88 CREEK n e m u tD a b ro c A 88 CREEK Epithermal gold model High grade Kimberlite Intrusive gold target at depth P

  13. Slide 13: 88 Creek / Doyle's Dam

    88 CREEK ƒ Drill testing using a demountable rig on skids ƒ Drilling to occur at end of cyclone season DOYLE’S DAM • In the Kalgoorlie – Ora Banda district • Gold anomalies on cracks in granite, similar to Golden Cities and Federal Mines • Walk up drill targets 13

  14. Slide 14: Doyle's Dam / Future Activities

    DOYLE’S DAM • Tenements recently granted • Drill testing of magnetic and geochemical anomalies in 2007 FUTURE ACTIVITIES ƒ Drilling EM anomaly east of Comet ƒ Diamond drilling deeper extensions of Comet underground resource ƒ Continue pre-feasibility study on mining at Comet and Horse Well projects,

  15. Slide 15: Share Structure and Cash Position

    SHARE STRUCTURE AND CASH POSITION Shares on issue: 69,300,000 (quoted 51,625,000) Current price: $0.16 (as at 27/11/06) Market Capitalisation: $11 million Listed options on issue: 35,000,000 Current price: $0.06 (as at 27/11/06) Exercise date: 6 April 2009 Top 5 shareholders: Shareholder Name Number

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