Element 25 Limited · ASX:E25
Element 25 — Montezuma Mining Company — Shareholder Meeting (November 2011)
24 slides from Element 25's shareholder meeting presentation, November 2011
Slide 1: AGM Update November 2011
AGM'UPDATE'NOVEMBER'2011! MANGANESE 'Large'tonnages'of'beneficiable'manganese'mineralisa8on.' ' 'Plans'in'place'to'produce'500K'–'1M't'p/a'at'>36%'Mn.'' COPPER' 'High'grade'mineralisa8on'intersected'in'maiden' ' 'copper'drilling'programme.'Discovery'confirmed.' GOLD ' 'Significant'JORC'upgrade'at'Peak'
Slide 2: Disclaimer
Disclaimer' This!presenta,on!contains!only!a!brief!overview!of!Montezuma!Mining!Company!Ltd!and!its! associated!en,,es!(“Montezuma")!and!their!respec,ve!ac,vi,es!and!opera,ons.!The!contents!of! this!presenta,on,!including!maCers!rela,ng!to!the!geology!of!Montezuma’s!projects,!may!rely!on! various!as
Slide 3: Corporate Snapshot (listed 9 November 2006)
Corporate'Snapshot'(listed'9'November'2006)' ! Board'of'Directors' ! Market'Data' " Seamus'Cornelius 'Chairman' " Shares'on'Issue: '67.4M' (Denis'O’Meara're8red)' " Share'Price:'' '$0.57' " Jus8n'Brown 'MD' " Market'Cap:'' '$38.4M' " John'Ribbons 'Director' " Cash: ' '~$9M' ! Share'Price' " ASX'Code
Slide 4: Butcherbird Project
Butcherbird'Project' ! Proven!manganese!and!copper! poten,al.! ! Excellent!infrastructure:!straddles!the! main!highway!! ! and!gas!pipeline.! ! Approx.!550km!to!Port!Headland.! ! Drilling!has!confirmed!large!tonnages! of!beneficiable!manganese!and!good! copper!poten,al.! ! Ac,ve!explora,on!and!preG pr
Slide 5: Butcherbird Manganese
—C*is‘SCSCSCsSCSC‘s‘éCR BUTCHERBIRD MANGANESE peed bara
Slide 6: Why Manganese?
Why'Manganese?' ! Cri,cal!in!modern!steelGmaking.!No! sa,sfactory!subs,tute.! ! While!manganese!is!abundant! globally,!highGgrade!manganese!is! not.! ! Global!highGgrade!manganese!sector! is!dominated!by!just!a!handful!of! players.! ! Demand!will!con,nue!to!rise!on! parallel!with!increasing!global!s
Slide 7: EM Survey
ti EM Survey ms ie inde Hilt Coodarpudgi } afer he a —~~ Richies nd
Slide 8: Exploration targets: Budgie North
ste + Budgie North vs Wey 7 <p « ie KPLORATION TARGET Budgie East 7 EXPLORATION TARGET EXPLORATION TARGET Cadgies Flats ORATION TARGET Bindi Bindi Hilt Coodamudgi Richies Find Yanneri Ridge EXPLORATION TARGET 64. 7Mt @ 11.2%
Slide 9: Maiden Inferred Resource Estimate at Yanneri Ridge completed
Production of between 0.5 Mt and 1 Mt per annum. Simple, low cost conventional mining possible with very low strip ratios. Relatively simple beneficiation using conventional treatment plant. Road transport to Port Hedland for loading onto ships. (Inferred Classification) Financial outcomes of the st
Slide 10: All intersections are approximately true width
All intersections are approximately true width
Slide 11: Unique Geology
Unique'Geology' • Geology!allows!for!low!cost!beneficia,on!to!commercial!grades.!
Slide 12: Independent Scoping Study
Independent'Scoping'Study' ! Scoping!Study!posi,ve!based! on!produc,on!of!0.5!Mt!to!1! Mt!per!annum.! ! Projected!NPV10!(10%!discount! rate)!of!up!to!AUD$376M!with! IRR!of!up!to!59%.! ! Feasibility!Study! has! commenced.! ! Some'Key'Assump8ons' ! Long!term!manganese!price!of!USD!$5.40/dmtu.! ! Long!
Slide 13: Conceptual Site Layout Plan
Conceptual Site Layout Plan
Slide 14: Strategy Going Forward
Strategy'Going'Forward' ! Complete!environmental!studies!and!mining! approvals.! ! Confirm!metallurgical!studies!and!process!flow!sheet! for!beneficia,on.! ! Complete!Feasibility!Study.! ! Fast!track!to!produc,on!and!cashflow.! ! Resource!es,mates!in!progress!for!other!deposits.! ! Con,nue!to!drill!out!
Slide 15: Butcherbird Copper
nn —“CtSCSC‘(SC gs MONTEZUMA BUTCHERBIRD COPPER MINING COMPAN
Slide 16: All intersections are downhole width
All intersections are downhole width
Slide 17: Regional Overview
Regional'Overview' BBRC0153: 61m @ 1.96% Cu from 113m (including 6m @ 6.08% Cu) *hole ends in mineralisation INSET AREA (NEXT SLIDE) BBRC0159: 2m @ 0.22% Cu from 98m All intersections are downhole width
Slide 18: Latest Drilling Results
Latest'Drilling'Results' BBRC0153: 61m @ 1.96% Cu from 113m BBRC0172: (including 6m @ 6.08% Cu) 3m @ 3.42% Cu from 91m *hole ends in mineralisation BBRC0174: 3m @ 3.66% Cu from 63m BBRC0175: 2m @ 4.74% Cu from 102m BBRC0154: 16m @ 0.72% Cu from 178m (including 1m @ 3.1% Cu) BBRC0168: 83m @ 0.43% Cu
Slide 19: Geology (early days!)
Geology'(early'days!)' ! Primary!ore!mineral!is!chalcocite.!Subordinate! tetrahedrite!and!chalcopyrite.! ! Aqua!Regia!assays!display!near!total!dissolu,on! –!indicates'the'ore'may'be'leachable.!Detailed! metallurgical!work!required!to!inves,gate!this.! ! High!grade!copper!mineralisa,on!appears!to!be
Slide 20: Peak Hill Gold Mine
—C*is‘SCSCSCsSCSC‘s‘éCR MONTEZUMA MINING COM
Slide 21: Peak Hill Gold Mine
MONTEZUMA MINING COMPANY LTD Peak Hill Gold Mine Over 500K JORC Resource ounces in a goldfield that has produced over 900K ounces 8 Project includes the historic Peak Hill gold mine in a>1M ounce gold system Numerous targets requiring follow up drilling to expand the existing resource base Good futu
Slide 22: Summary
Summary' ! JORC!Resource!at!Yanneri!Ridge!as!the!focus!for!first!produc,on.! ! Favourable!infrastructure,!loca,on!and!geology!underpin!compe,,ve! es,mated!opera,ng!costs!of!approximately!AUD$3.76/dmtu.! ! Posi,ve!Scoping!Study!with!Feasibility!Study!underway.! ! Very!large!global!manganese!tonnage!po
Slide 23: Contact Details
Contact'Details' ! Please!direct!queries!to:! ! 'Jus8n'Brown!(Managing!Director)! Mobile:! !+61!438!745!675! Email:! !info@montezumamining.com.au! ! ! Website:!hCp://www.montezumamining.com.au! '! !
Slide 24: Competent Persons Statement
Competent'Persons'Statement' ! Note:!The!informa,on!in!this!presenta,on!that!relates!to!Explora,on! Results,!and!Mineral!Resources!is!based!on!informa,on!compiled!by!Mr! Jus,n!Brown!who!is!a!fullG,me!employee!of!the!Company!and!is!a! member!of!the!Australasian!Ins,tute!of!Mining!and!Metallurgy.!Jus,
Montezuma Mining Company — Shareholder Meeting (November 2011) on 6ix