Accent Resources Nl · ASX:ACS
Accent Resources Nl — Shareholder Meeting (November 2010)
20 slides from Accent Resources Nl's shareholder meeting presentation, Nov 30, 2010
Slide 1: Accent Resources NL AGM 2010
For personal use only ACCENT RESOURCES NL AGM 2010 30 November 2010
Slide 2: Important notice and JORC compliance
Important notice and JORC compliance • This presentation has been prepared and issued by Accent Resources NL (“ACS”) with the objective of providing information to interested parties about ACS. This presentation should not be considered as an offer or invitation to subscribe for or purchase any secu
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure For personal use only Ordinary Fully Paid Shares @ 30 September 2010 169,000,233 Unlisted Options 20c (expire 1 Dec 2012) 12,000,000 Unlisted Options 20c (expire 30 June 2011) 3,000,000 Unlisted Options 30c (expire 14 September 2012) 3,500,000 12 month high-low $
Slide 4: Overview
Overview • IPO in February 2005 For personal use only • Market Cap ~$60 million • Cash ~$6.8 million • Substantial Chinese presence on share register (approx. 43%) which facilitates strategic Chinese partnerships • Iron ore, vanadium and gold projects
Slide 5: Accent Projects
Accent Projects Exploring for iron, vanadium and gold in For personal use only western Australia Arcadia Gold Magnetite Range Iron Norseman Gold Katanning Ti V
Slide 6: Magnetite Range – Overview
Magnetite Range – Overview For personal use only • Open pit mining of magnetite iron ore in the emerging Mid West iron ore province. Supportive federal and state government policies Oakajee • Significant electricity and rail infrastructure Oakajee Proposed port upgrades underway, proposed deep water
Slide 7: Magnetite Range – Status
Magnetite Range – Status • Maiden JORC resource For personal use only 391Mt @ 30%Fe (DTR 67%Fe, 30.8% Mass Rec) • High quality, low sulphur magnetite iron ore This Area to be Drilled • >70% Indicated resource, +19,000m drilling • Thick BIF, high +40% Mass Recovery in south adjacent to Extension Hill
Slide 8: Metallurgical Testwork
Metallurgical Testwork • Significant metallurgical test work and process engineering studies completed For personal use only and underway • Julia prospect – Premium Product.. Simple processing produces high quality concentrate (high mass recovery 38%, high Fe +70%, low impurities) at coarse 75 and 4
Slide 9: Metallurgical testwork
Metallurgical testwork Northern area (Julia Prospect) Grind Size DTR For personal use only – Coarse grained ore: Area Ore Type Grade achieved at 75 (P80 μm) % Wt Fe % SiO2 % S% and 45 micron for the 75 27.9 68.3 4.14 0.52 “coarse” and “fine” Julia Fine Grained 45 29.7 71.4 1.25 0.56 grained material
Slide 10: Vanadium Magnetite Deposits and Prospects
Vanadium Magnetite Deposits and Prospects For personal use only • No Australian production - Windimurra (Mineral Resources Ltd and Atlantic Ltd ) delayed • Significant supply shortfall requires primary production from new mines • Australia’s largest deposit is Speewah 3.16Bt @ 0.35% V2O5 (Niplats) S
Slide 11: Katanning Vanadium Exploration
Katanning Vanadium Exploration Mine Hill For personal use only Red Hill Wheat Fields Linda Sue Auger Sampling • Large tenement holding , 80km strike. Titano vanadium magnetite outcrops • 85 shallow RC and 6 diamond holes completed, promising vanadium intersections • Diamond drilling intersected mass
Slide 12: Mine Hill Prospect
For personal use only Mine Hill Prospect Python Hill & Mine Hill Hole 10KTD001: Massive titanomagnetite in metagabbro – 20m @ 0.5% V2O5 from 94 to 110m 10KTD001 Drill Site Includes 16m @ 0.56% V2O5 • Priority follow up required
Slide 13: Red Hill Prospect
For personal use only Red Hill Prospect Red Hill • Partially tested 6km long target • Titano vanadium magnetite outcrops • Diamond drilling intersected massive titanomagnetite in metagabbro • Hole 10KTD005: 8m @ 0.71% V2O5 from 79 to 87m Ti V Magnetite Outcrop 16m @ 0.46% V2O5 from 94 to 110m 9m @ 0
Slide 14: Linda Sue Prospect
For personal use only Linda Sue Prospect Hole K4 – 5m @ 0.36% V2O5 • Anomalous V2O5 geochemistry and Ti V magnetite outcrop • RC hole K4 intersected 5m @ 0.36% V2O5 • Priority follow up required Ti V Magnetite Outcrop
Slide 15: Geological Interpretation & Targets
For personal use only Geological Interpretation & Targets Source: Mackay & Schnellmann • Follow up underway at +20 regional geological / geochemical targets • Drill targets at Mine Hill, Red Hill and Linda Sue
Slide 16: Gold Projects
For personal use only Gold Projects • Arcadia Project – Gold intersections require follow up • Norseman Project – Two gold resources Arcadia Gold Norseman Gold
Slide 17: Arcadia Gold Project
For personal use only Arcadia Gold Project • Three >2 million ounces gold deposits in district • Promising drill intercepts • 8m @ 3.89 g/t Au • 8m @ 4.24 g/t Au • 3m @ 5.93 g/t Au • 12m @ 1.7 g/t Au • Drill follow up proposed Arcadia Gold Project
Slide 18: Norseman Regional
Norseman Regional For personal use only 121o50’E Legend Jimberlana Dyke Granite Mt Kirk Formation 32o10’S Woolyeenyer Formation Norseman (2.2M ozs) Noganyer Formation (Mined 5M ozs) Surprise Penneshaw Formation Red White & Blue (24,000 ozs) Plant Fault Iron Duke Anticline, interpreted (41,300 ozs) 3
Slide 19: Norseman Gold Project
Norseman Gold Project Red White & Blue For personal use only • Historic Norseman Goldfield Plant • Accent defined two open cut resources • Banded Iron Formation – Anomalous Fe Assays Surprise Resource 24,200oz Au •Interest received from mining operators in district Iron Duke Resource 41,300oz Au Lad
Slide 20: External Research
External Research • Three research reports prepared May 2010 (available web site) suggested Magnetite Range value between AU$88M and AU$121M (average $105Mill) based on a combination of comparative valuation (market cap and For personal use only resources), DCF (discounted cash flow) calculation and
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