Terrain Minerals Ltd · ASX:TMX
Terrain Minerals — Investor Presentation (May 2006)
23 slides from Terrain Minerals's investor presentation, May 23, 2006
Slide 1: CCC CCCCCKKPhhKM aa
CCC CCCCCKKPhhKM aa May 2006
Slide 2: Current gold resource base of 219,000oz
Current gold resource base of 219,000o0z. Successful initial Celtic exploration program post-23 March listing. Portfolio of mostly advanced 100%-owned exploration projects. ¢ Celtic - 195,0000z resource; 1.5km mineralised zone confirmed ¢« Redeastle — high gold grades; little or no modern exploratio
Slide 3: Capital Structure
Capital Structure: * Issued shares: * Issued options: « Share price: * Market capitalisation: * ASX Code: * Cash @ 31 March 2006: 52.8 million 9.7 million $0.18 $9.5 million TMX $5.2 million Major shareholders: * St Barbara Limited * Denton Pty Ltd (17.1%) (7.6%)
Slide 4: Commercial Strategy and Exploration Strategy
Commercial Strategy: * Fast track gold resource expansion. * Utilise competitive advantages for project development. * Focus on becoming a low/mid cost gold producer. Exploration Strategy: Focus on Eastern Goldfields of Western Australia. Projects to include known mineralisation. Projects preferably
Slide 5: Board and management
Daniel Tucker (Chairman) Over 20 years experience in the mining industry and holds directorship in Carey Mining (Managing Director and Founder). Studied Geology at Curtin University and was awarded the Outstanding Manager award in the 2003 Corporate Leaders for Indigenous Employment Awards. Keith We
Slide 6: Location Map
gs ibe a 1 anon Se, ae Ee ee” es ca COE. Ln ao Lp ee Hi ci oe La 0 ee on a oe ae 42 Major deposits 5 Projects 20 kilometres ee ee ea ICT CECT oe On Wie Mann Te eA os Ls Ls: MO 5 KSI) Location Map LE Leonora, oe al _ <KKSLIASING
Slide 7: Celtic Project Resource Table
CELTIC PROJECT Resource Table Deposit Tonnes Grade (g/t Au) Ounces Celtic 1,087,677 1.66 58,050 Wonder North 1,978,328 2.13 136,541 TOTALS 3,066,005 1.96 194,591
Slide 8: Celtic Zone NW Extension drilling targets
Ceitic Zone 1 NW Extension Au from 1100 Celtic Zone 3 | 36m @ 2.73g/t Au from 114m 75m @ 1.66g/t Au from 98m 60m @ 2.24 g/t Au from 122m Ee m ] ij Wilsons Win | 4m @ 23.8g/t Au from 42m 8m @ 1.60g/t Au from 64m 7m @ 1.A40git Au irom 46m. Syenoygranite Ea inferred shallow intrusive Bi a LEGEND Celtic
Slide 9: Celtic Open Cut (looking east)
. eee Celtic Open Cut (looking east) TERRAIN MINERALS LTD CELTIC PROJECT
Slide 10: Celtic Project
CELTIC PROJECT
Slide 11: Terrain Celtic Project
TERRAIN MINERALS LTD TERRAIN CELTIC PROJECT MiNERALS
Slide 12: Wonder North Cross-Section 321650E
ne SFT TFT GUT TTT T U OEE IG 7 oa i L WONDER NORTH Cross-Section 321650E Number of shallow N-S holes and drill intercepts inside open pit omitted CELTIC PROJECT
Slide 13: Wonder North Cross-Section 321850E
Nena REL OT aL) A en Te Sp Es ONG LA ey ie CELTIC PROJECT oa WONDER NORTH / | Cross-Section 321850E ‘Number of shaiiow N-S holes with significant intercepts omitted
Slide 14: Location Map
Location Map
Slide 15: Redcastle Mining Centre
La - Redcastle Mining Centre | 2,400t @ 23.0g/t gold te 2 REDCASTLE PROJECT “Se Major shear 26.2 26.2g/t gold ae _ castle
Slide 16: Location Map
Location Map : ee oo praapectne 04 “gait forigon <4 Lake Lefroy LEGEND Nickel Mine TEM Anornaiyt Komatite Major Shear Gobi deposit Gold prospect
Slide 17: Coogee Project Resource Table
AN Coogee Project ree Resource Table Coogee Gold Deposit Resource (>1.0g/t gold cut-off) Tonnes Grade (g/t gold) Ounces Indicated 137,800 4.12 18,250 Resource Inferred 139,700 3.70 16,620 Resource Total Resources 277,500 3.91 34,870
Slide 18: Coogee Deposit Pit Optimisation Study
ait Coogee Deposit Pit Optimisation Study — May 2006 TERRA MIN ER AL Table Coogee Piz Optimisation Results Summary from mAL to mRL Economics WO | Last |Contr’s Rec'd Rac. | Mining Th'put Het Cash Th'put Mining = Unit Optimisation Pit ore Waate Tofst | Rell | Bench Ouncas Cunces Cot Cost Reven. Flow
Slide 19: Coogee Gold Deposit Long Section Pit Shell
Coogee Gold Deposit TERRAIN Long Section — Pit Shell May 2006 Runs, AS Gold Price Optimal Shell $6 and Revource Made: Lang-section Projsction View 350
Slide 20: Location Map
ia Location Map —— Main mads 42 Major deposits 15 kilometres
Slide 21: Euro Project: Euro Prospect v Granny Smith Deposit
EURO PROJECT COMPARISON EURO PROSPECT V GRANNY SMITH DEPOSIT Granny Smith Deposit Euro Prospect Located on NW striking shear system Located on NW striking shear system Shallow East dipping shears Shallow East dipping shear Gold located in flat to moderately dipping lodes Mineralised zone flat to sha
Slide 22: Planned exploration programs
CELTIC: > Model Celtic & Wonder N. gold deposits Air magnetic survey. > 5, 000m RC/DD drilling program = (2"° % 2006-7: 10,000m RC/DD dril increase current 200,000 oz resource to 500,000 oz by Jume 200 COOGEE: > Review & model Coogee gold deposit > 3- 4, 000m RC drilling program to test Lefroy nicke
Slide 23: Important Notice
Z7LN Important Notice This presentation has been prepared by Terrain Minerals Limited (“Terrain”) as a summary of the Company, its minerals assets and its plans to explore its tenements and for general information purposes only. This presentation is not and should not be considered as an offer or in