Australian Mines Limited · ASX:AUZ
Australian Mines — Shareholder Meeting (November 2012)
10 slides from Australian Mines's shareholder meeting presentation, Nov 19, 2012
Slide 1: AGM Presentation
For personal use only AGM Presentation 19 November 2012
Slide 2: Milestones achieved in 2011-12
Milestones achieved in 2011-12 For personal use only • Acquired prospective tenement package within a proven gold field in Nigeria • Confirmed gold mineralisation present across key project areas • Identified high-priority gold targets warranting further exploration • Commenced maiden drilling progr
Slide 3: Attractive tenement portfolio
Attractive tenement portfolio For personal use only • Targeting West African–style gold across Nigeria’s northwest gold fields • 2,500 km2 ground holding All tenements 100% owned by AUZ No JV or royalty agreements • Easy access to tenements Sealed public roads to project areas • Artisanal gold
Slide 4: … in a stable and supportive country
… in a stable and supportive country For personal use only • Nigeria – a significant oil producer for the past 60 years Demonstrates a long term ability to attract & work with foreign resource companies • Government actively encouraging a vibrant gold mining sector Commissioned World Bank to dra
Slide 5: Gold potential demonstrated
Gold potential demonstrated For personal use only • Numerous active artisanal workings within key project areas of: Yargarma Kasele Tegina • Yargarma - rock chips returned: 9.8 g/t gold 7.7 g/t gold 7.4 g/t gold 5.6 g/t gold • Kasele - rock chips included: 65.0 g/t gold 7.1 g/t gold 6.
Slide 6: Priority gold targets identified
Priority gold targets identified For personal use only • Multiple gold-in-soil anomalies recorded at Yargarma and Kasele Peak assay values exceeded 1 g/t (1,000 ppb) gold Anomalies situated along favorable shear zone geology • Over 20 gold targets revealed by high-resolution geophysics including
Slide 7: Drilling commenced at priority targets
Drilling commenced at priority targets For personal use only • Maiden drill program currently in progress • Targeting primary gold below known surface mineralisation • Initially drill testing four specific mineralised areas • Follow-up RC drill program proposed for early 2013 Diamond core drilling c
Slide 8: Strong cash position funding exploration
Strong cash position funding exploration For personal use only ASX Code AUZ Share price 2.6 cents Fully paid Ordinary Shares 666.9 million Options (4 cents expiring 30 June 2013) 59.5 million Unlisted Options (2 -12 cents expiring November 2014) 54.7 million Market Capitalisation 17.3 million Cash i
Slide 9: For more information, please contact
For more information, please contact For personal use only Australian Mines Limited Level 1, 83 Havelock Street West Perth 6005 Western Australia Benjamin Bell Managing Director Phone: +61 8 9481 5811 Mobile:+61 467 770 016 Email: bbell@australianmines.com.au www.australianmines.com.au Active artisa
Slide 10: Disclaimer Notice
Disclaimer Notice For personal use only Competent Person’s Statement Information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Benjamin Bell who is a member of the Australian Institute of Geoscientists. Mr Bell is the Managi
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