Athena Resources Limited · ASX:AHN
Athena Resources — Shareholder Meeting (November 2014)
28 slides from Athena Resources's shareholder meeting presentation, Nov 28, 2014
Slide 1: Athena Resources Limited
bik ie, Ned “ ATHE y\ RESOURCES LiMiTED - NIGKEL HEMATITE AND MAGNETITE IRON ORE
Slide 2: AGM Presentation Disclosures
AGM Presentation Disclosures For personal use only – This presentation is provided for the sole purpose of providing preliminary technical, financial and other background information to enable you to review the business activities of Athena Resources Limited (“Athena”). – The material provided does
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Ordinary Shares 166.0M Board of Directors Unlisted Options @ 6c 4M Mr David Webster Non Exec Chairman Market $ 3.3M Involved in extensive Chinese Investments into Capitalisation Agriculture and associated infrastructure in Share Price @ 30 2014 2.0c Australia
Slide 4: Regional Project Locations
REGIONAL PROJECT LOCATIONS Containing High Quality JORC Resources and Exploration Targets ● Ni-Cu_PGE ● DSO Hematite ● Magnetite ● Beneficiable Hematite For personal use only BYRO PROJECT AREA (1800km2) 4
Slide 5: Key Areas of Mineralisation Within 1800km2 Tenements
Key Areas of Mineralisation Within For personal use only 1800km2 Tenements • Multiple Exploration Areas • Various stages of target development • 4and Nickel ore Copper PGE Sites body development • 5 DSO Hematite Sites • 9 Beneficiable Hematite Sites • 11 High grade Magnetite Sites Some combination h
Slide 6: Milly Milly Intrusion Nickel-Copper-PGE Project
MILLY MILLY INTRUSION For personal use only Nickel – Copper – PGE Project Large volumes fertile primary magma containing disseminated Ni sulphide at elevated levels above 0.3%Ni Confirmed phases of flow with suitable geochemistry. Developed exploration model based on similar occurrences BEST R
Slide 7: Significant Regional Context: Athena Drilling Results
SIGNIFICANT REGIONAL CONTEXT For personal use only Athena Drilling Results Nova Bollinger Discovery made Best Nickel with the Assistance of Elevated nickel sulphide in multi Surface sampling, EM, Gravity sulphide assemblage. and Drilling 22.7m @ 0.301% Ni from 232.3m Sirius Resources’ (SIR) Nova Inc
Slide 8: Compelling Ni Cu Targets
Compelling Ni Cu Targets For personal use only Mid-time IP data Target Sites Located at Multiple Overlapping Anomalies (green dots) • Soil Ni assay anomaly • Proximal to >1.0% Ni shallow drilling • TEM anomaly • Structural dilation zone • VTEM • Local high magnetic amplitude • IP anomaly INFLATIONAR
Slide 9: High Resolution Gravity Survey
HIGH RESOLUTION GRAVITY SURVEY For personal use only 3 Significant anomalies Discovered New Targets Identified 9
Slide 10: Sulphides Intersected
Sulphides Intersected For personal use only Metal sulphide assemblage visually identified as Pyrrhotite (Pyo) > Pentlandite (Pnt) > Copper (Cu) + Magnetite Mnt. Full assays are pending. Sulphides at 427m Cut section from 427m AHDH0007 targeted Anomaly 1, the peak of the very high amplitude gravity a
Slide 11: Magnetite and Hematite Iron Ore Project Metallurgy and Processing
For personal use only Magnetite and Hematite Iron Ore Project Metallurgy and Processing
Slide 12: High Amplitude Magnetite Estimated Exploration Target
HIGH AMPLITUDE MAGNETITE ESTIMATED EXPLORATION TARGET1 For personal use only Assumed Parameters for Range of Magnetite Exploration Targets July 2014 (based on minimum and maximum cases) Parameter Exploration Target Range FE1 Byro North Byro Deeps Byro South Milly Milly Mt Narryer Width at Outcrop (m
Slide 13: Estimate of Athena Magnetite Potential
Estimate of Athena Magnetite Potential Magnetite Exploration Target July 2014 For personal use only Range Tonnes Mt % Fe Cont Fe FE1 Maximum 6,300,000.00 6.3 42.1 2,649,150.00 Minimum 2,021,250.00 2.0 31.1 628,810.88 Byro North Maximum 90,956,250.00 90.9 44.0 Athena Exploration Potential 40,002,558.
Slide 14: FE1 JORC Compliant Inferred Resource
FE1 JORC COMPLIANT INFERRED RESOURCE1 For personal use only 22,000,000 at 0 cut off OXSTATE Mt DTR DTR DTR DTR DTR DTR Densit DTR Fe % SiO2 % Al2O3 % P% S% LOI % y % (t/m3) Fresh 18.1 70.7 1.16 0.32 0.003 0.014 -3.26 3.5 35.1 Economic Resource at FE1 Metallurgy and Beneficiation Low Cost Processing
Slide 15: Magnetite Short List
MAGNETITE SHORT LIST For personal use only 1. Mt Narryer. Lowest transport cost, simple exploration model, simple mining method, high tonnes and body outcrops 2. Whistlejack Simple exploration model, simple mining method, Moderate tonnes and body outcrops 3. Byro South Simple exploration model, simp
Slide 16: Mt Narryer DTR
Mt Narryer DTR For personal use only DTR Conditions Sample Size (g) 20 Client: Athena Resources Target Feed Grind Size (P80 µm) 45/75/90/106/125/250 Project: Mt Narryer DTR Testwork Stroke Frequency (per minute) 60 Project No: 3766 Stroke length (mm) 51 Date: 12/11/2014 Magnetic field strength (Gaus
Slide 17: Contact Details
For personal use only Contact Details ASX : AHN www.athenaresources.com.au email Ed Edwards. EE@athenaresources.com.au Liam Kelly. Liam Kelly@athenaresources.com.au 24 Colin Street West Perth Western Australia 6005 PO Box 1970 West Perth Western Australia 6872 Ph 08 9222 5888 Fx 08 9222 5810
Slide 18: JORC Code 2012 Edition Table Report: Sampling Techniques and Data
JORC Code, 2012 Edition – Table 1 report For personal use only template Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling Nature and quality of sampling (eg cut This Report is on the visual techn
Slide 19: JORC Table: Sampling and Drilling Techniques
Criteria JORC Code explanation Commentary Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry For personal use only standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m sa
Slide 20: JORC Table: Logging and Sub-sampling
Criteria JORC Code explanation Commentary been geologically and geotechnically logged and sampled logged to a level of detail to support appropriate Mineral Resource For personal use only estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature
Slide 21: JORC Table: Quality of Assay Data and Verification
Criteria JORC Code explanation Commentary parameters used in determining the Standard SI units analysis including instrument make and Industry standard procedures were model, reading times, calibrations used in obtaining the magsus For personal use only factors applied and their derivation, etc. r
Slide 22: JORC Table: Data Orientation and Reporting
Criteria JORC Code explanation Commentary Orientation of Whether the orientation of sampling This report includes one meter data in relation achieves unbiased sampling of possible sample magnetic susceptibility structures and the extent to which this is results. Assays are pending For personal u
Slide 23: JORC Table: Exploration Done by Other Parties
Criteria JORC Code explanation Commentary Exploration Acknowledgment and appraisal of Historic exploration within the done by other exploration by other parties. project area largely confined to south of a line extending from For personal use only parties Imagi Well to the Byro East intrusion (M
Slide 24: JORC Table: Drill Hole Information
Criteria JORC Code explanation Commentary Drill hole A summary of all information material to ADHD0006/7/8 and AHRC0065 Information the understanding of the exploration and AHRC0067 main body of results including a tabulation of the announcement For personal use only following information for al
Slide 25: JORC Table: Relationship Between Mineralisation Widths
Criteria JORC Code explanation Commentary The assumptions used for any reporting No metal equivalent are referred of metal equivalent values should be to in this report clearly stated. For personal use only Relationship These relationships are particularly between important in the reporting of E
Slide 26: JORC Table: Further Work
Criteria JORC Code explanation Commentary groundwater, geotechnical and rock taken in units of milliGals, and characteristics; potential deleterious or locations measured by DGPS contaminating substances. technology For personal use only Further work The nature and scale of planned further Drill
Slide 27: Interest in Mining Tenements
INTEREST IN MINING TENEMENTS Athena Resources Limited 100% Byro E09/1507 E – Exploration License For personal use only E09/1508 LA – Miscellaneous Water Search Licence E09/1552 Application E09/1637 E09/1638 E09/1656 E09/1657 E09/1781 E09/1938 LA09/30 LA09/37 LA09/38 Cautionary Notes Forward Looking
Slide 28: For personal use only
Mr Kelly is an employee of Athena Resources and currently holds securities in the company. For personal use only
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