Australian Mines Limited · ASX:AUZ
Australian Mines — Investor Presentation (June 2003)
22 slides from Australian Mines's investor presentation, Jun 12, 2003
Slide 1: Shareholder Update
ten oli oot ot iit (om omtimtotmte omint t | : eel wee Commencement of mi at Blai nickel mine ‘Purchase ~ tenements. surrounding Blair mine Shareholder Update
Slide 2: Australian Mines Limited
Australian Mines Limited
Slide 3: Project Locations
me Project | Locations 'Blair Project Australian Mines Limited |) ‘ss se0r9914 105
Slide 4: cor tee
cor 57 tee fo im a Pre. Australian Mines Limited
Slide 5: Nickel market and price forecast
‘st rong sta ies steel dem id — ‘dominance of China . Low nickel inventories - s ‘Shortage of serap NICKEL PRICE FORECAST (Macquarie - Apri Australian Mines Limited > :
Slide 6: Recent milestones and progress
March 02 - started exploration in west Musgrave : Expiration alliance and development JV wih BHP Billiton. BHPB commits to $1 million expenditure bO lair Nickel Mine acquisition April 03- _ Name change to Australian Mines Ltd - Golden Ridge acquisition from GFA High grade hits into rea 57 at. Blair
Slide 7: Share price and capital structure
Share price e (30 May 2003) _ _ _ / 14.5 cents _ Market capitalisation (undiluted -. / _ $15 million | _ Exp 31 March 04 20 cents (listed) _ Exp 31 Dec 05 @ 20 cents (unlisted) ee Oo1 Feb 06 oe 20 cents co _ ASX codes AUZ and | Australian Mines Limited >
Slide 8: Board and management
Keith. Liddell _ _ Non-Exec Chairman (Metallurgical engineer Dr. John Daniels Non Exec Deputy Chairman (ececy Don Boyer . Managing Director _ erelee Tony F irweather Non-Execu 1 eil Warburton _. Non-Executive __ -(otining tae t) _ Mel Campbell _ Australian Mines Limited -)
Slide 9: Top shareholders
avid Quinlivan . lonikos Pty Ltd . Borden Holdings Pty Ltd GDM Services Pty Ltd BHPB Minerals Pty Lta : Total Top 10 Shareholders Total Shares Issued - Aushalian Mines Limited |
Slide 10: Blair Nickel Project
Blair Nickel Project | (line. Golden Ridge) sang » Kambalda-style nickel sulphide deposit 30 km south of Kalgoorlie Hannans South (Ae) BLAIR PROJECT Australian Mines 100% Past production 1 million tonnes @ 2.53% Nito 2001 © tng (~26,000 t Ni metal) o “igs Celebration (Au} i Resource of 260,000 t @ c
Slide 11: Blair Nickel Mine
Slide 12: Servicing facilities
Servicing facilities » Access to Blair orebodies via decline shaft to vertical depth of 850m below surface Ly Australian Mines Limited |)
Slide 13: Expansion of Blair Nickel Mine
Expansion of Blair Nickel Mine _ Potential for additional eserves accessible from decline (e.g. Ore Reserve is open at depth below 900m - resource targets identified _ June Qtr 2003 | Sept Otr 2003 _ Dee Qtr 2003 : _ March Qtr 2004 | __|Area 57 Drilling xploration | Area 57 Drilling _ Surface drill
Slide 14: Area 57 resource
AREA 57 inferred Resource 18000t @ 4.0% Ni New Drilling Program d | OPEN Consistent down plunge extent (850m) Consistent average grade and width Open below lowest developed level (900m) Nearby Area 57 shoot / open above and below | Blouse current drilling level A00enRL 2T Lovet 534 Pe Loved 600 | ‘
Slide 15: Area 57 Long Projection
% app @ 0.3m @ 1.2% Ni “Bibs @ Garon) __ Up-Plunge Extension to be Tested by Drilling » Shallow (300m depth) » Close to decline » High-grade massive sulphides Massive Nickel Sulphide Shoot » Open down plunge Early mining scenario with low capex - cashflow to support ee stage 2 mining of ‘Eenion abe
Slide 16: Schematic mine development
Schematic mine development . O3 ore shoot 01 ore shoot Current base of Blair decline Tu
Slide 17: Surrounding tenements and Golden Ridge acquisition
} f LA FLYING ANT (Gold) < ji ee | ‘ Bis @ 4.29 ot Aa fans 85 esiona de mgeagertn, _ eS = ee ce = ae ae ‘ars @ 3.93 gh Ms trae Zon GOLDEN GOAT! $8 FOOTER (Gold) 2 5 Sr @ 8.33 git Ac trons Sim RIDGE Ming, | 272288 90 Av trom 47m. (Golden Ridge Acquisition) 2" oS MARSHALL {Hicke) 2 Gt 1 O74 Na tears A
Slide 18: West Musgrave Project Location
West Musgrave Project Location MT MUIR PROJECT MORGAN RANGE JAMESON PROJECT NORTH PROJECT | BLACKSTONE RANGE PROJECT Ni-Cu-PGE Discovery (Nebo, Babel) MOUNT MORPHETT PROJECT Australian Mines Limited |) ou ‘ss se0r9914 105
Slide 19: West Musgrave BHPB alliance
aay ah hai pine 7,630 ne area of interest - core area or 1,000 km? » BHPB’s West Musgrave regional focus via strategic alliance with AUZ: « $1 million equity contribution - next $500,000 Nov 03 _ AUZ manages projects and charges fee » Nominated ‘Special Project” (SP) areas up to 10 km? triggers agre
Slide 20: Summary - West Musgrave Project
Slide 21: Summary - Blair Nickel Project
Summary - Blair Nickel Pro ject Low Risk- Recommissioning exiting mine __- Toll treatment & concentrate sales agreements available : Kn own resource extension targets ( : source open | at depth) High confidence for resource expansion from: . - Nickel shoots adjacent to decline fe ‘Area 57) -- Extens
Slide 22: Contact details
assive sulphide intersection in hole AMDDO2 (6.5% “pon BOYER MANAGING DIRECTOR _ _LEVEL1, 681 MURRAY STREET | WEST PERTH WA 6005 | (Po BOX oS. WEST PERTH WA 6872) — 08- 9481 5611 (O41 a351 982,