Aeon Metals — Aussie Q Resources — Shareholder Meeting (November 2010)
31 slides from Aeon Metals's shareholder meeting presentation, November 2010
Slide 1: An Emerging Molybdenum & Copper Explorer
For personal use only Aussie Q Resources Limited ASX : AQR An Emerging Molybdenum & Copper Explorer Investor Presentation
Slide 2: Corporate Overview
CORPORATE OVERVIEW (As at 11 Nov, 2010) 2 Investor Presentation November 2010 For personal use only Capital Financials • Aussie Q Resources Limited • Cash position – $ 2.0 million (ASX:AQR) • Market Capitalisation – ~$75 million • 137,795,089 shares on issue Shareholders • Goody Investments Pty Ltd
Slide 3: Corporate and Operational Highlights
3 For personal use only Corporate • Strengthened senior management team with appointment of CEO • Completes $3 million placement • Washington H Soul Pattinson (ASX:SOL) becomes substantial shareholder • Progressed discussion with potential project partners Operational • New drilling extends establis
Slide 4: Share Price Chart - YTD
4 SHARE PRICE CHART - YTD (As at 05 Nov, 2010) Investor Presentation November 2010 For personal use only
Slide 5: Board of Directors
5 For personal use only Thomas Mann Mr. Mann has over 30 years experience in financial markets and global trade having Non-Executive established a global trading corporation with offices in North America, and the Asia-Pacific. Mr. Chairman Mann has been actively involved in capital raising & strateg
Slide 6: Project Map and Tenement Holding
6 For personal use only Anomoly 7B • Strategic Kiwi Carpet Prospect tenement holding Noddy’s Creek • 100% ownership Juicy Fruit Project • 1200km2 Molybdenum Whitewash Project and Copper leases Trevethan Kildare Project Bulls Eye
Slide 7: Whitewash Project Resource
7 For personal use only Indicated/ Measured Resource Inferred Resource
Slide 8: Whitewash Project
8 For personal use only • AQR’s flagship project and immediate focus • 71.5Mt JORC Inferred Resource – based on 15,000m drilling as at May 2009 (see overleaf for details) • Significant additional drilling undertaken Over 200 holes completed to date Over 57,000 metres of drilling completed – 24,0
Slide 9: Combined Whitewash Project Resource Table
9 For personal use only Table 1: Combined Whitewash Project Resource – planned update to incorporate recent drilling at Whitewash South and Gordons Deposit Category Tonnes Mo Cu Ag Mo (t) Cu (t) Ag (Oz) (Mt) Grade Grade Grade (%) (%) (g/t) Whitewash Inferred 68.5 0.033 0.10 1.2 22,600 68,200 2,500,0
Slide 10: Whitewash and Gordons Resource Areas
10 For personal use only Gordons • Currently drilling Whitewash 3Mt (Inferred) South. Excellent results to date. Whitewash 68.5Mt • Blue areas are seven Gordons (Inferred) “look-a-like” targets 3800N Section • Green areas are copper vein system targets Whitewash South • The yellow area is a Whitewas
Slide 11: Whitewash Cross Section
11 For personal use only East 400 Surface 104 103D 97D 94D 90 96D 120D 121D Elev West 150 149 151D 157D 152D 162 164 161 Breccia Whitewash 300 68.5Mt Granodiorite Cu = 0.12% Mo = 386ppm 200 Cu = 0.27% 100 Mo = 276ppm Whitewash Cu = 0.12% Granite South Mo = 378ppm Increasing Copper 0 Breccia/Granodio
Slide 12: Whitewash South Drilling
12 For personal use only • Established area of mineralisation open in all directions – New dimensions 1,000m by 700m • Diamond and reverse circulation (“RC”) rigs on site • Over 85 drill holes completed 1000m • Higher grade Molybdenum and Copper encountered • Whitewash Project demonstrates potential
Slide 13: Gordons Drilling
13 For personal use only • 5 hole drilling program completed at Gordons to the North of Whitewash • Successfully extended near surface higher grade Molybdenum and Copper mineralisation • Further drilling planned to test at depth • Shallow mineralisation demonstrates potential for lower cost open cut
Slide 14: Gordons Drill Intercepts
14 For personal use only Hole 172D: 2m @ 1,333 ppm Mo from 40m Hole 173D: 107m @ 477 ppm Mo, 0.18% Cu & 2.5 g/t Ag from 17m 850m Hole 127D: 6m@ 1307ppm Mo from 101m Hole 170: 17m@1008ppm Mo & 0.26%Cu from 2.5km 42m Hole 171: 4m@ 4229ppm Mo & 0.36% Cu from 26m
Slide 15: Advanced Exploration Projects
15 For personal use only Juicy Fruit & Juicy Fruit South Advanced Project – Molybdenum/Copper Located North of primary Whitewash Project Area of 1km by 1km 6 RC drill holes completed – revealing high grade Molybdenum intercepts Kildare Advanced Project – Molybdenum/Copper/Tungsten Identified
Slide 16: Kiwi Carpet and Other Exploration Projects
16 For personal use only Kiwi Carpet Advanced Project - Molybdenum/Copper/tungsten RC sampling revealed widespread copper mineralisation in excess of 0.1% >40 drill holes completed encountering copper mineralisation of similar grades to Whitewash Mapping, sampling and analysis is ongoing RC
Slide 17: Access to Infrastructure
17 ACCESS TO INFRASTRUCTURE Investor presentation November 2010 For personal use only • Access to local groundwater sources and project area is Within ~25km of two major water reservoirs • High-voltage power transmission lines pass through Whitewash • Local skilled labour force • Sealed road and rai
Slide 18: Molybdenum Uses and Demand
18 For personal use only Molybdenum (Mo) is known for its heat resistant properties and is used in a broad range of industrial applications Current usage driving demand – aligned with growth industries Energy Sector – Offshore drilling, pipeline fabrication, power plant construction, nuclear power
Slide 19: Supply-Demand Fundamentals Driving Molybdenum Prices
19 For personal use only …Supply - Demand fundamentals driving Molybdenum Prices • Tight supply – supply reduced due to underinvestment in key projects as credit markets tightened in 2008/09 • Total world mine output 2008 – 218,000 tonnes* • Global Molybdenum consumption expected to increase to 334,
Slide 20: Supply-Demand Fundamentals Driving Molybdenum Prices
20 For personal use only …Supply - Demand fundamentals driving Molybdenum Prices • Strong demand - increasing global steel fabrication, stainless steel production and usage in power reactors • China's ministry of land and resources considering classifying molybdenum as a national resource/ limit min
Slide 21: Copper Market Overview
21 COPPER MARKET OVERVIEW 21 Investor presentation November 2010 For personal use only • Copper prices have rebounded strongly in the last quarter • Higher prices expected in 2011 and 2012* Copper de-stocking in China easing steady state growth with commensurate copper consumption could lead to
Slide 22: Expected Timetable
22 EXPECTED TIMETABLE 22 Investor presentation November 2010 For personal use only Milestone Dec 10 Jan11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Diamond/RC drilling at Greater Whitewash Updated resource estimate Scoping study Exploration on additional targets Market updates N.B. Timetable is indicative
Slide 23: For personal use only
23 For personal use only • Currently advancing negotiations with potential project partners • Strong Board and Senior Management Team now in place • Growing resource base – imminent resource update to incorporate drilling at Gordons and Whitewash South • Molybdenum/Copper market fundamentals support
Slide 24: Aussie Q Resources Limited
24 For personal use only Aussie Q Resources Limited Charles Carnie – Chief Executive Officer Level 1, 27-29 Crombie Ave Bundall QLD 4217 Tel: +61 7 5574 3830 Fax: +61 7 5574 3568 www.aussieqresources.com.au info@aussieqresources.com.au
Slide 25: Additional Information
25 For personal use only ADDITIONAL INFORMATION
Slide 26: For personal use only
26 For personal use only Hole 129D 1m @ 354m: 725ppm Mo and 0.23% Cu Hole 139D 1m @ 274m: 1290ppm Mo and 0.50% Cu and 6.9g/t Ag (Within 23m @ 245ppm Mo, 0.18% Cu and 1.5g/t Ag) Hole 143D 1m @ 266m: 1255ppm Mo and 0.30% Cu and 3.1 g/t Ag (Within 8m @ 468ppm Mo, 0.19% Cu and 1.3g/t Ag)
Slide 27: Whitewash South Core Results
27 For personal use only Core from drill holes at Whitewash South demonstrate higher Molybdenum and Copper grades 138D @ 288m . Copper and 108D@ 101m. Copper and 107D@176m. Molybdenum and Molybdenum in Crackle Breccia Molybdenum: crackle Copper. 1m@ 5420 ppm and 1m @ 2140ppm Mo and 0.39 % Cu breccia
Slide 28: 2010 Drilling - Highlights
2010 DRILLING - HIGHLIGHTS Investor presentation November 2010 28 For personal use only
Slide 29: Juicy Fruit South IP Anomaly
29 For personal use only • IP anomaly identified at Juicy Fruit South • Juicy Fruit South to be significant future exploration focus – currently under explored • Focus on determining extent of anomaly • Detailed ground magnetic survey clearly defines 2 targets • Historical drilling results revealed
Slide 30: Disclaimer
For personal use only DISCLAIMER 30
Slide 31: Consent of a Competent Person
CONSENT OF A COMPETENT PERSON Investor Presentation November 2010 Consent of a Competent Person The information in this presentation that relates to exploration results or estimates of mineral resources in Queensland is based on information compiled by the Company under the supervision of Dr. Richar
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