Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Proactive Investors/AMEC One2One Investor Briefing 2011
25 slides from Zenith Minerals's conference presentation, Feb 15, 2011
Slide 1: ASX cover letter: Presentation to Investors
For personal use only Company Announcements Office Australian Stock Exchange 4th floor, 20 Bridge Street SYDNEY NSW 2000 15 February 2011 Dear Sir/Madam, Presentation to Investors – Low Resolution Version Please find attached a low resolution version of our presentation for investors to be presented
Slide 2: Zenith Minerals Limited Investor Presentation, Melbourne 16 February 2011
Zenith For personal use only Minerals Limited ABN 96 119 397 938 Investor Presentation Melbourne 16 February 2011
Slide 3: Capital Structure and Share Register
Capital Structure and Share Register For personal use only Capital Structure Issued shares: 73.9 million Market Cap: A$23.3m undiluted* Options: 1.05 million unlisted** 3 year share price history to 8 Feb 2011 Cash Dec 2010: A$1.28m Investments: A$0.27 million ASX code: ZNC Debt None Major Sharehold
Slide 4: Experienced Board and Management
Experienced Board and Management For personal use only Gary Comb, non-Executive Chairman (B.E Mech., B.Sc, Dip. Ed ) Managing Director of zinc/copper producer Jabiru Metals and will become Executive Director Operations on completion of the merger of Jabiru and the Independence Group NL. Gary has ove
Slide 5: Projects Overview
Projects Overview For personal use only IRON – Mt Alexander (ZNC 100%) • Exploration Target* 0.6 to 1.0 billion tonnes • resource drilling in progress • scoping study underway MANGANESE – Earaheedy (ZNC 100%) • new manganese province discovered by ZNC in the Earaheedy Basin • tenements cover 75 stri
Slide 6: Mount Alexander magnetite iron ore project: Defining the resource base
Mount Alexander magnetite iron ore project For personal use only Defining the resource base • JORC Exploration Target* announced March 2010 • 0.6 to1.2 billion tonnes at 25% to 35% Fe • host is magnetite Banded Iron Formation • RC drilling is in progress to define JORC Inferred Resource – targeting
Slide 7: Mount Alexander: Potential for additional resources
Mount Alexander magnetite iron ore project For personal use only Potential for additional resources • 14.8 km total strike of Banded Iron Formation mapped in ZNC tenements • Announced Exploration Target – 4.2km segment of total strike • Mt Alexander West – 3.3km strike – drilled 2010 – Exploration T
Slide 8: Mount Alexander: Potential for good mining shape
Mount Alexander magnetite iron ore project For personal use only Potential for good mining shape Folding repeats iron formation (pink) across strike – high tonnes per strike kilometre Prominent outcrop of iron formation – low mining stripping ratio
Slide 9: Mount Alexander: Potential for excellent concentrate quality
Mount Alexander magnetite iron ore project For personal use only Potential for excellent concentrate quality •38 diamond drill core samples, January 2010 drilling • 8 metre composites, represent all BIF drilled •P80 -40 micron grind 1 2 4 4 5 3 1. Fe concentrate grade excellent 2. SiO2 concentrate g
Slide 10: Mount Alexander: Metallurgical performance comparison
Mount Alexander magnetite iron ore project For personal use only Comparison of Mt Alexander metallurgical performance* with published resource data from Australian magnetite deposits Weight recovery *The data from Mt Alexander is based on 23 samples above 20% DTR weight recovery cut-off. Further tes
Slide 11: Mount Alexander: Infrastructure options
Mount Alexander magnetite iron ore project For personal use only • NW Coastal National Multiple infrastructure options potentially accessible to Hwy 10km west Mt Alexander Project • Sealed roads to Onslow, Paraburdoo • Dampier Bunbury gas pipeline 35km west • API West Pilbara railway to Anketell Por
Slide 12: Mount Alexander: Parameters and expectations
Mount Alexander magnetite iron ore project For personal use only Parameter Expectation Close spaced Size (mine life) Large aeromagnetics Primary Grade Good Detailed geological Weight recovery Good mapping Stripping ratio Low Intensive surface sampling Mining shape Compact 3 diamond drill Grind size
Slide 13: Mount Alexander: Scoping Study
Mount Alexander magnetite iron ore project For personal use only Scoping Study: Objective – identify the development strategy that will produce the best business outcome. Outputs: • Processing scheme, plant, facilities • Infrastructure plan • Capital and operating cost estimates • Financial model Ti
Slide 14: Earaheedy Manganese
Earaheedy Manganese For personal use only • Zenith 100% • Zenith recognised manganese potential of the west Earaheedy Basin in 2010 • A new manganese province • Zenith first mover, strong land position • Granted tenements, and applications covering 75 strike kilometres of prospective stratigraphy •I
Slide 15: Earaheedy Manganese: Stratiform mineralisation
Earaheedy Manganese For personal use only Manganese in the Western Earaheedy Basin is stratiform. Primary mineralisation is carbonate – future target for large tonnage Mn deposit, Kalahari Basin style Zenith manganese prospect Supergene Other company new manganese prospect mineralisation is high gra
Slide 16: Earaheedy Manganese: Why explore for manganese?
Earaheedy Manganese For personal use only Why explore for manganese? • Strong demand and no substitutes– an essential additive for steel, and steel production is rapidly increasing. • Large market, accessible to a new producer – major industrial metal, fourth most used metal after iron, aluminium, c
Slide 17: Earaheedy Manganese: Supergene high grade manganese oxide
Earaheedy Manganese For personal use only Supergene high grade manganese oxide – Zenith’s priority target SN 000245 40.2% Mn, 4.65% Fe, 1300ppm P Lockeridge Prospect Black and Blue Prospect
Slide 18: Woodie Woodie: economic model for high grade Mn mining
Earaheedy Manganese For personal use only Woodie Woodie – economic model for high grade Mn mining in WA • Located in East Pilbara, owner Consolidated Minerals (Palmary Radio Hill Enterprises) • Oxide ore Chris D Big Mac • Resources (incl. Reserves) Beneficiation Plant 2009, 17.6 Mt @ 41.5% Mn 20 km
Slide 19: Snake Well JV
Snake Well JV For personal use only • Joint Venture with Giralia • Zenith can earn up to 75% • Located in Archaean Tallering Greenstone belt • Target is Cu, Zn, Pb, Ag, Au in high unit value volcanogenic massive sulphide (VHMS) deposits • Australian examples include Golden Grove, Jaguar, Rosebery.
Slide 20: Snake Well JV: Tallering Greenstone Belt
Snake Well JV For personal use only Tallering Greenstone Belt - Snake Well Project • 50 strike kilometres of prospective volcanics Conquistador 4.0m @ 8.25% Zn 6.7m @ 6.0% Zn Kerbar • Predominantly under shallow cover • Two knownVHMS prospects at A Zone, Conquistador • VHMS mines occur in clusters (
Slide 21: Snake Well JV: Kerbar Prospect
Snake Well JV For personal use only Kerbar Prospect • Kerbar located within 2.6km long chargeability anomaly – footwall Kerbar alteration zone? • No previous drilling • One RAB line Sept 2010 • Intersected gossanous iron oxide after sulphide over 200m width • Maximum: 0.16% Cu; 0.20% Zn 0.65 g/t Au
Slide 22: Snake Well JV: Kerbar Prospect RAB Line L4
Snake Well JV For personal use only Kerbar Prospect – RAB Line L4 Maximum 0.16% Cu 0.20% Zn 0.65 g/t Au
Slide 23: Project Activity Summary
Project Activity Summary For personal use only IRON – Mt Alexander Initial JORC compliant resource March Scoping study March Quantify economic potential, identify development strategy Seek development partner MANGANESE – Earaheedy Regional dril target definition for high grade supergene manganese Ap
Slide 24: Disclaimer: Forward looking statements
Disclaimer For personal use only Forward looking statements Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements inclu
Slide 25: Zenith Minerals Limited contact details
Zenith Minerals Limited For personal use only Registered office: Postal address: Level 3, 33 Ord St PO Box 1426 West Perth West Perth WA 6005 WA 6872 Telephone +61 8 9226 1110 Fax +61 8 9321 0070 Email info@zenithminerals.com.au Website www.zenithminerals.com.au Australian Securities ZNC Exchange Co
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