Terramin Australia Limited · ASX:TZN
Terramin Australia — Shareholder Meeting (April 2008)
25 slides from Terramin Australia's shareholder meeting presentation, Apr 24, 2008
Slide 1: Terramin Australia Limited: Focused on Zinc
TERRAMIN AUSTRALIA LIMITED For personal use only Focused on Zinc Dr Kevin Moriarty - Annual General Meeting 24 April 2008
Slide 2: Important information
Important information For personal use only The information in this presentation is designed as an aid to a spoken explanation. It is not to be considered without that explanation. The information is for the information of shareholders and not intended to guide any investment decisions in Terramin A
Slide 3: Company fast facts
Company fast facts For personal use only Public company ASX All Ords listing 3,200 shareholders Shares on issue 99.7 million Options outstanding 12.6 million Convertible/redeemable Notes (Sempra) US$20 million Major shareholders Insiders 20 percent Institutions (domestic & international) 41 percent
Slide 4: The case for zinc
The case for zinc For personal use only A large zinc supply crisis is looming over next decade TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 4
Slide 5: The case for zinc
The case for zinc For personal use only Near-term mine production limited by cost constraints but future demand and supply imbalance leading to same scenario as copper, nickel TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 5
Slide 6: Angas Zinc (100% interest)
Angas Zinc (100% interest) For personal use only Australia’s first mining belt 1845 Tenements total 1,160km2 Old mines typified by high grades and exploitation to shallow depth only 20 identified targets Process plant design not capacity constrained TERRAMIN AUSTRALIA LIMITED April 2008 SL
Slide 7: Process plant - 85% complete
Process plant - 85% complete For personal use only TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 7
Slide 8: Fleurieu area: an under-explored historical mining belt
Fleurieu area an under-explored historical mining belt For personal use only TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 8
Slide 9: Menninnie Dam JV (24%)
Menninnie Dam JV (24%) For personal use only Zinifex $8M earn-in complete Menninnie Port Augusta EL3640 Tank EL3640 Whyalla Hill Menninnie Central resource Kimba Port Pirie 3.8Mt at 4.0%Zn, 3.2%Pb, 34g/t Ag (4 zones - sulphides only) Menninnie Port Lincoln Adelaide North 2008 JV budget approx
Slide 10: Oued Amizour - on the doorstep of Europe
Oued Amizour - For personal use only on the doorstep of Europe Algeria - major source of European energy Asturiana -worlds largest zinc refinery Ghazaouet zinc refinery TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 10
Slide 11: Oued Amizour - infrastructure "pas de problème"
Oued Amizour - infrastructure “pas de problème” For personal use only TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 11
Slide 12: Bejaia port
For personal use only Bejaia port
Slide 13: Some recent intersections
Some recent intersections For personal use only Hole Metres Zn% Pb% Comments TH021 281 3.6 0.5 W margin TH007 231 4.0 0.9 NE margin TH013 215 5.8 0.9 in-fill central TH011 210 4.5 0.5 most northerly drilled TH005 202 7.0 1.1 in-fill of 100m gap TH010 183 4.4 2.8 50 m beyond boundary TH012 163 7.2 3.
Slide 14: With high grades
With high grades For personal use only Hole Metres Zn+Pb% TH016 68 19.7 TH012 63 17.4 TH006 85 16.7 OA102 119 15.3 OA068 78 13.8 TH004 114 13.3 TH002 64 13.0 TH019 99 12.9 TH005 123 11.8 TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 14
Slide 15: Tala Hamza deposit - east view
Tala Hamza deposit - east view For personal use only TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 15
Slide 16: Tala Hamza: why this deposit will get bigger & richer
Tala Hamza why this deposit will get bigger & richer For personal use only Golders Inferred Resource May 2007 estimate - 55 million tonnes at 5.0% Zn and 1.2% Pb Based on 30 ORGM holes and 4 Terramin holes - ORGM holes: grade in core loss areas treated conservatively & many ORGM holes finished i
Slide 17: Terramin vs. ORGM core recovery
Terramin vs. ORGM core recovery For personal use only Recoveries and 76% core loss deeper drilling - 52 metres at 9% improve grade and thickness sometimes spectacularly as in this example 3% core loss - 52 metres at 19% TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 17
Slide 18: Tala Hamza - drilling out million tonnes for first production
Tala Hamza - drilling out 20 million tonnes for first production For personal use only TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 18
Slide 19: For personal use only
For personal use only TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 19
Slide 20: Possible repeat position
Possible repeat position For personal use only TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 20
Slide 21: Metallurgy - a premium product
Metallurgy - a premium product For personal use only Three holes tested Primary grind P80 minus 53 microns Low contaminant zinc concentrate 53% Zn (4% Fe, <2% SiO2) at 90% recovery TERRAMIN AUSTRALIA LIMITED April 2008 SLIDE No. 21
Slide 22: Scoping study - February 2008
Scoping study - February 2008 For personal use only WorleyParsons/Golder Associates 2.0 Mtpa ore throughput Sub-level cave 6.3% zinc 1.9% lead 206 Mlbs per annum payable metal Capital US$356M (incl. US$52M contingency) C1 zinc cash cost US 43c/lb Infrastructure advantage still to be
Slide 23: Tala Hamza milestones
Tala Hamza milestones For personal use only March 08 First off-take agreement -100,000tpa 5+5 yrs Feasibility funded by US$15m convertible notes October 08 Pre-feasibility completion on 20 million tonne section of resource December 08 Pre-feasibility completion on ‘whole’ resource 2009 Feasi
Slide 24: Summary, and in perspective
Summary, and in perspective For personal use only Strong commercial and management team experienced in development and production (including refining) 4.6 billion lbs of attributable zinc in resources*, average grade 5.2% (world average 4.2%) Mine comparative Metal in conc. (tpa) Angas 31,000 Tala H
Slide 25: Terramin Australia Limited: Focused on Zinc
TERRAMIN AUSTRALIA LIMITED For personal use only Focused on Zinc Dr Kevin Moriarty - Annual General Meeting 24 April 2008
Terramin Australia — Shareholder Meeting (April 2008) on 6ix