ActivEX Limited · ASX:AIV
ActivEX — Shareholder Meeting (November 2007)
29 slides from ActivEX's shareholder meeting presentation, Nov 29, 2007
Slide 1: Chairman's Address
ActivEX Limited. A.C.N. 113 452 896 117 Quay Street BRISBANE QLD 4000 P.O. Box 217 PADDINGTON QLD 4064 P: (07) 3236 4188 F: (07) 3236 4288 E: admin@activex.com.au ACTIVEX LIMTED CHAIRMAN’S ADDRESS ANNUAL GENERAL MEETING 29 NOVEMBER 2007 Good Morning Ladies and Gentlemen, My name is Ian Daymond and I
Slide 2: Annual General Meeting 29 November 2007
Annual General Meeting th November 2007 29th Doug Young Doug Young Managing Director Managing Director ActivEX Limited Active explorers for new gold-copper resources Nov 2007 1
Slide 3: Company Profile
Company Profile z Mineral exploration company focused on gold and copper z Listed April 2006 raising $3M – still $1.7M cash at hand z Landmark joint ventures established with Mitsubishi/Minotaur and Norton Gold Fields z Targets at Prospect Creek, Booubyjan and Barambah ready to drill. z Significant
Slide 4: Capital Structure
Capital Structure z Issued Capital 30,388,722 z Escrowed Shares (April 2008) 10,190,220 z Options (Feb 2009) 15,194,361 z Staff Options (Feb 2011,2012) 600,000 z Cash $1.7M z Market Capitalisation $4.5M z Key holders - MD 26% - MEP 6% Nov 2007 3
Slide 5: Board of Directors / Key Personnel
Board of Directors z Ian Daymond - Chairman Commercial Lawyer, experience with WMC, Hunter Resources, Delta Gold as general counsel, Chairman Copper Range Limited z Doug Young - Managing Director Geologist, 30 years experience with North, Griffin Group and 20 years as mineral and coal exploration co
Slide 6: Portfolio
Portfolio z Gold and copper/gold focus specialising in Queensland terranes – projects cover 4393sq. km z Large porphyry copper-gold potential at Booubyjan, Blairmore, Pentland Cairns – 88m @ 0.47% Cu, 0.49g/t Au – Cu/Mo/Au zones, 47m @ 0.9g.t Au Kidston Townsville z Epithermal gold/silver mineralisa
Slide 7: Joint Ventures
Joint Ventures z Strong ground holding 100% ActivEX z Booubyjan Joint Venture – Minotaur Cairns Exploration and Mitsubishi farming in Kidston – Currently ActivEX 100% Townsville – Minotaur earning 51% and Mitsubishi Corp Ernest Henry Pentland Charters Towers and Mitsubishi Materials Corp earning 24%
Slide 8: Esk Trough Projects
Esk Trough Projects z Esk Trough – Structure bound trough, volcanic arc z Widespread epithermal and porphyry mineralisation z Booubyjan JV – Porphyry style mineralisation z Coalstoun Lakes – 80M tonnes @ 0.3% Cu z Barambah Epithermal – 40000t mined for 5g/t Au, 50g/t Ag z Awarded $40,000 government
Slide 9: Booubyjan - Geology
Booubyjan - Geology z 80 km west of Gympie z Porphyry Cu-Au prospect in co- magmatic Triassic Volcanics z Composite intrusive centre at Sefton intersection of two major structural sets Dadamarine z Significant previous drilling at Goonuloom suggests large Goonuloom porphyry system Stock z Satellite
Slide 10: Goonuloom – Geochem/Mag
Goonuloom – Geochem/Mag Hines – 26m @ 0.35% Cu, 0.45g/t Au from 20m Kiwi - 14m @ 0.72% Cu, Kakapo – 88m @ 0.47% Cu, 0.72g/t Au from 16m 0.49g/t Au from 38m White Horse – 38m @ 0.74% Cu, 0.13g/t Au from 20m, strong alteration Bath – 14m @ 0.24% Cu, 0.15g/t Au strong alteration Nov 2007 9
Slide 11: Booubyjan Veins
Booubyjan Veins Copper gold mineralisation in chlorite magnetite alteration Multiple sheeted veins with potassic alteration Nov 2007 10
Slide 12: Goonuloom Stock - Targets
Goonuloom Stock - Targets -220m -170m -20m -70m -120m Nov 2007 11
Slide 13: Goonuloom Stock - Targets
Goonuloom Stock - Targets Planned holes to test – IP anomalies – Resistivity anomalies – Magnetic anomalies Nov 2007 12
Slide 14: Goonuloom Stock - Targets
Goonuloom Stock - Targets CSAMT target Kiwi Subtle IP target Kakapo Planned holes to test molybdenum/IP anomalies at Sefton and Dadamarine Nov 2007 13
Slide 15: Barambah – Drill Targets
Barambah – Drill Targets Barambah Open Pit (7700 ozs) z Previous mining and shallow drill pattern – Gram-metres values to 35.6 gm z Apparent high grade shoot – Plunges to the south Nov 2007 14
Slide 16: Prospect Creek - Epithermal Model
Prospect Creek - Epithermal Model z Gossans West ground level - arsenic and mercury rich Gossans West - associated with alunite, silicification z Vera Nancy (2.8M ozs) Target zone z Cracow (1.2M ozs) Prairie Creek z Prairie Creek ground level - gold rich - propylitic alteration Nov 2007 15
Slide 17: Prospect Creek - Geochem
Prospect Creek - Geochem z Found by gold stream sampling z Prairie Creek Prospect – highly gold anomalous streams z Geochemistry has identified numerous anomalies z Only limited drilling which did not test peak geochem anomaly and is open ended z Gossans West Prospect – highly arsenic anomalous rock
Slide 18: Prairie Creek - Geochem
Prairie Creek - Geochem z Grid soils by CRA in 1990s z Extension lines to check north trends z Anomalous zone 200m wide found z Highest gold values in soils to date – 5g/t Au Nov 2007 17
Slide 19: Prairie Creek - Drill Section
Prairie Creek - Drill Section 18m @ 1.75ppm Au 10m @ 3.99ppm Au 16m @ 1.35ppm Au 52m @ 2.11ppm Au 6m @ 6.55ppm Au 26m @ 0.32ppm Au 10m @ 3.2ppm Au Highlights 34m @ 0.45ppm Au z 52m @ 2.11g/t Au - incl 10m @ 3.2g/t Au 8m @ 2.05ppm Au - and 6m @ 6.55g/t Au z Quartz epidote vein sets occur in all host
Slide 20: Gossans West - Geochem
Gossans West - Geochem z Only one hole previously drilled z 24 alteration pipes found and sampled z Anomalous in arsenic, mercury, antimony – weakly gold anomalous z Clay alteration minerals indicate high sulphidation style z Several pipes selected for testing Nov 2007 19
Slide 21: Lake Monduran - Summary
Lake Monduran - Summary z 55 km north west of Bundaberg z 72 sub-block granted EPM z Good logistics 54m @ 317ppm Mo, z Known molybdenum mineralisation little gold testing in altered granites associated z Minor drilling in 1970’s z Lead and zinc in streams define Pinnacles prospect z Drilling only on
Slide 22: Native Dog Prospect
Native Dog Prospect z Zone of old tungsten/molybdenum workings in altered granite Molybdenum soil geochem zone 2km long Awarded government funding support for 50% drilling costs Nov 2007 21
Slide 23: Pinnacle Prospect
Pinnacle Prospect z VMS style target z Previous drilling on single section z Intersected 126m @ 1% Zn z Recent geochem has located high zinc anomalies close to upper contact of volcanic pile z 5 drill holes planned to test zinc anomalies and IP Nov 2007 22
Slide 24: Cloncurry Project
Cloncurry Project z Acquiring ground in Cloncurry district is difficult/competitive z Mt Philp application subject to competitive tender z Florence Creek acquisition subject to shareholder approval z Areas prospective for Iron Oxide style, copper-gold deposits such as Ernest Henry (125M tonnes @ 1%
Slide 25: Florence Creek
Florence Creek Previous shallow drilling on Dandy/Trump structure Intersections:- z 4m @ 3% Cu and 0.3g/t Au (Trump) z 12m @ 2.9% Cu and 0.38g/t Au (Florence Bore) Rock chips:- z 8% Cu and 256ppm U from Wallaces Hill z 37% Cu and 5.5g/t Au from Emerald Well Nov 2007 24
Slide 26: Pentland – Target Summary
Pentland – Target Summary z NE trending gold belts Quartz Hill Porphyry 186m @ 0.13%Cu Deadmans Breccias 10m @ 1.1g/t Au Eight Mile Breccia – Porphyry system Mt Specimen Porphyry 47m @ 0.9g/t Au Norwood VMS Gold City Reefs 8M @ 2.2g/t Au 6m @ 3.3 g/t Au Nov 2007 25
Slide 27: Mt Specimen - IP
Mt Specimen - IP Previous drilling at Mt Specimen targeted surface geochem Intersections at depth:- z 47m @ 0.9g/t Au (DDH1) z 131m @ 0.11% Cu (DDH4) IP program completed – data being processed Most of drilling too shallow to intersect IP target except for DDH1 Nov 2007 26
Slide 28: Project Status
Project Status z Discovery ? z Drilling Barambah, Booubyjan, Prospect Creek z Drill targets defined, undergoing Lake Monduran cultural heritage clearance z Geophysical surveys Pentland, Norwood South z Field surveys Ban Ban, Blairmore, Mt Tam, commenced Westwood, Mt Miner, Oxley Creek z Data compila
Slide 29: Conclusions / Enquiries
Conclusions z Expanding portfolio of highly prospective properties focused on gold and copper in Eastern Australia z Landmark joint ventures with significant synergies expand portfolio and reduce risk z Ongoing review of external acquisition possibilities z Substantial drilling planned for next six