Mitre Mining — Talisman Mining — Shareholder Meeting (November 2014)
21 slides from Mitre Mining's shareholder meeting presentation, Nov 24, 2014
Slide 1: A Transformation In Progress
AGM Presentation – 24 November 2014 A Transformation In Progress
Slide 2: Disclaimer and Competent Person's Statements
Disclaimer and Competent Person’s Statements Disclaimer This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions.
Slide 3: Sinclair Nickel Project: Exposure to Improving Nickel Market Fundamentals
Sinclair Nickel Project Exposure to Improving Nickel Market Fundamentals 3
Slide 4: Located within a Premier Nickel Province
Sinclair Nickel Project – Located within a Premier Nickel Province • Advanced, high quality nickel sulphide project located within the southern portion of the prolific, world-class Agnew-Wiluna Greenstone belt. • One of the world’s premier nickel provinces with reported production of over 9Mt of nic
Slide 5: Transaction and History
Sinclair Nickel Project – Transaction and History Transaction Details * • $8M payable on completion • $2M deferred contingent payment triggered by production commencing within 6 years – payable 6 months after first offtake payment. • Offtake optionality for first 20,000 tonnes nickel with Glencore *
Slide 6: Deposit and Mine Development
Sinclair Nickel Project – Deposit and Mine Development ~445m • Sinclair deposit comprises an elongated body of massive to disseminated sulphide mineralisation with a shallow plunge of around 20 degrees which was mined to ~445m below surface 6
Slide 7: Deposit Extension
Sinclair Nickel Project – Sinclair Nickel Deposit Extension 200m 200m • Broad spaced drilling of the deposit for 1km beyond current mine development has returned significant intersections* * Refer Talisman ASX Release 20th October 2014 7
Slide 8: Near-Mine Potential
Sinclair Nickel Project – Near-Mine Potential Undrilled Undrilled Undrilled • Two parallel mineralised ultra-mafic channels similar to Sinclair at Stirling and Skye with greater ultra-mafic volumes • Numerous significant mineralised intercepts from relatively broad spaced drilling • Late-time EM pla
Slide 9: A Pipeline of Exploration Opportunities
Sinclair Nickel Project – A Pipeline of Exploration Opportunities 8Km 8Km • The Sinclair Trend offers at least 8km of discovery opportunity with very little historical drilling • Target areas include Delphi, Parnassus and Cody Well hosted along strike and within the Sinclair Trend • Targets contain
Slide 10: A Pipeline of Exploration Potential
Sinclair Nickel Project – A Pipeline of Exploration Potential • Nickel sulphides have been intersected in drilling along at least five ultra-mafic sequences across the Project at: • Delphi • Schmitz Well • Marriotts • Carthage • Babylon • Multiple exploration targets all exist within 30km of the Sin
Slide 11: Project Infrastructure
Sinclair Nickel Project – Project Infrastructure • Sinclair comes with extensive quality, near-new infrastructure including: • Open pit, decline and underground mine • 300ktpa concentrate plant • 200-person accommodation village • Administration buildings and stores • Exploration office and core yar
Slide 12: Acquisition – Current Activities
Sinclair Acquisition – Current Activities • Transaction completion activities underway & progressing well • Initial exploration activities at the Stirling and Skye near mine prospects focussed on defining, confirming and prioritising potential drill targets including: • the creation of a 3 dimension
Slide 13: Acquisition – Tailor-made for Talisman
Sinclair Acquisition – Tailor-made for Talisman • The right transaction: • The acquisition is self-funded & follows an extensive Australia-wide search for acquisition opportunities • The right commodity: • Nickel has very strong supply/demand fundamentals • The right project: • Sinclair deposit exte
Slide 14: Doolgunna Copper-Gold Projects
Doolgunna Copper-Gold Projects Exposure to Potential New Copper-Gold Discoveries in a World-Class VMS Province 14
Slide 15: Talisman Doolgunna Project Locations
Talisman Doolgunna Project Locations 15
Slide 16: Doolgunna Projects Overview
Doolgunna Projects Overview • Projects located in an emerging copper province hosting the world-class, high-grade DeGrussa Copper-Gold Mine • $15 million farm-in joint venture agreed with Sandfire in late December 2013 • Technical data integration and assessment of initial target areas undertaken by
Slide 17: Doolgunna JV – Ongoing and Planned Exploration 2014
Doolgunna JV – Ongoing and Planned Exploration 2014 • Based on early encouragement Sandfire has advised that the following activities will be undertaken at Springfield this year: • Preparation of historical deep holes for high-powered DHEM surveys; • ~200-hole aircore drilling program along the Home
Slide 18: Iron Ore Exposure – Wonmunna Iron Ore Project
Iron Ore Exposure – Wonmunna Iron Ore Project 18
Slide 19: Exposure to Iron Ore – Wonmunna Iron Ore Project
Exposure to Iron Ore – Wonmunna Iron Ore Project • Strategically located Pilbara iron ore asset held by Ascot Resources Limited (ASX – AZQ) • Ochre Group Holdings recently agreed to sell Wonmunna to Ascot Resources Limited for 50M Ascot shares, tranched payments totalling $21.95M and a 1% Gross Reve
Slide 20: Talisman Mining – A clear strategy to grow shareholder value
Talisman Mining – A clear strategy to grow shareholder value • Sinclair Nickel Project - A transformational growth opportunity • Sinclair deposit extension potential • Near mine exploration potential • Considerable regional exploration potential • Extensive mine infrastructure • Exposure to ongoing
Slide 21: A Transformation In Progress
AGM Presentation – 24 November 2014 Gary Lethridge, Managing Director A Transformation In Progress
Talisman Mining — Shareholder Meeting (November 2014) on 6ix