Australian Mines Limited · ASX:AUZ

Australian Mines — Africa Down Under / Mining Indaba 2012

14 slides from Australian Mines's conference presentation, February 2012

  1. Slide 1: Wal

    Wal s HM

  2. Slide 2: Company Overview

    Company Overview • Targeting gold mineralisation within Nigeria’s goldfields • Nigeria – part of the West African gold province with a long history of gold production • Expansive 100% owned tenement portfolio exceeding 2,500 km2 • Confirmed gold mineralisation within AUZ Nigerian tenements • Fully f

  3. Slide 3: Experienced Board of Directors

    Experienced Board of Directors Non Executive Chairman • Qualified Lawyer with over 25 years’ experience as a corporate advisor Michael Ramsden • Chairman of Lowell Capital Limited - the responsible entity for a small cap resource fund • Managing Director of Terrain Capital and Chairman of African Ma

  4. Slide 4: Key Project Areas

    Key Project Areas • Targeting shear zones across Nigeria’s northwest goldfields • Four highly prospective projects  Yargarma  Kasele  Kagara  Tsauni • Accelerated exploration program commenced on all project areas

  5. Slide 5: Yargarma

    Yargarma • Located 350 kilometres northwest of Abuja • Includes 9 kilometre strike length of mineralised shear zone • Rock chip sampling returned:  9.83 g/t gold  7.45 g/t gold  6.49 g/t gold • Detailed soil sampling program in progress • High-resolution aeromagnetic survey commencing this month

  6. Slide 6: Kasele

    Kasele • Located 300 kilometres northwest of Abuja • Extensive artisanal workings present • Rock chips from shear included:  65.0 g/t gold  7.1 g/t gold  6.9 g/t gold • Significant gold-in-soil anomaly  Assays exceeded 1 g/t (1,000 ppb) gold • Soil sampling and geophysical surveys commencing in

  7. Slide 7: Kagara

    Kagara • Located 130 kilometres northwest of Abuja • Artisanal workings recorded within project area • 38 kilometre strike length of shear zone • Initial reconnaissance defined 3 priority targets • Follow-up field mapping and surface geochemical sampling programs underway

  8. Slide 8: Tsauni

    Tsauni • Located only 20 kilometres west of Abuja • 600 metre long corridor of artisanal workings • Grab samples returned up to 14 g/t gold and 400 g/t silver • Potential for multiple mineralised vein system within project • Drill testing of this high priority gold target commencing next quarter

  9. Slide 9: Nigeria – an Emerging Economic Power

    Nigeria – an Emerging Economic Power • One of the largest economies in Africa  Gross Domestic Product of $216 billion in 2010  Highest average GDP growth in the world predicted for the next 40 years  5th largest economy in the world by 2050 (Citigroup, 2011) • Politically stable democracy & Membe

  10. Slide 10: Re-emergence of Nigeria’s Gold Sector

    Re-emergence of Nigeria’s Gold Sector • Long history of gold production across Nigeria  3.2 million ounces produced between 1933 & 1943 • Limited mineral exploration across Nigeria over the past 60 years  Stems from country’s success as an international oil producer and exporter • Similar geology

  11. Slide 11: Capital Structure

    Capital Structure ASX Code AUZ Share price 1.6 cents Fully paid Ordinary Shares 636.9 million Listed Options (exercisable at 4 cents until 30 June 2013) 59.5 million Unlisted Options (various expiry dates and exercise prices) 54.7 million Market Capitalisation 10.1 million Cash $1.9 million (as at 2

  12. Slide 12: Reasons to Invest in Australian Mines

    Reasons to Invest in Australian Mines • First mover advantage in emerging West African gold province • Potential for multiple gold deposits within large tenement package • Gold mineralisation confirmed within four key project areas • Experienced management leading established Nigerian based explorat

  13. Slide 13: For more information, please contact

    For more information, please contact Australian Mines Limited Level 1, 83 Havelock Street West Perth 6005 Western Australia Benjamin Bell Managing Director Phone: +61 8 9481 5811 Mobile:+61 467 770 016 Email: bbell@australianmines.com.au Artisanal gold working within Australian Mines’ Kasele project

  14. Slide 14: Disclaimer Notice

    Disclaimer Notice Competent Person’s Statement Information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Benjamin Bell who is a member of the Australian Institute of Geoscientists. Mr Bell is the Managing Director of Austral

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