Greenx Metals Limited · ASX:GRX
Greenx Metals — Prairie Downs Metals — Investor Presentation (February 2006)
20 slides from Greenx Metals's investor presentation, February 2006
Slide 1: Development of a high grade, low cost zinc mine
Australia’s Best Leverage to the Zinc Price Development of a high grade, low cost zinc mine Mark Hansen, MD February 2006
Slide 2: Overview – Prairie Downs Zinc Project
Overview – Prairie Downs Zinc Project Australia’s Best Leverage to the Zinc Price ¾ The Main Lode at Zone 1 hosts a resource of 500,000 tonnes at a grade of 13.1% zinc, 3.7% lead and 35g/t silver. This is only one of several zinc lodes identified at Zone 1 ¾ Results of drilling at Zone 1 during Q4 2
Slide 3: Capital Structure
Capital Structure Australia’s Best Leverage to the Zinc Price ¾ ASX Code PDZ ¾ Issued Shares 34.47m ¾ Options 1 23.41m ¾ Cash at Bank (31 Dec 2005) $3.0m 1 Comprises 0.94m 21.25c options expiring 31/12/06 and 22.47m 25c options expiring 31/05/08 Prairie Downs Metals Limited Page 3
Slide 4: Company Details
Company Details Australia’s Best Leverage to the Zinc Price ¾ Directors • Jeremy Shervington Non-executive Chairman • Mark Hansen Managing Director • Alec Pismiris Company Secretary ¾ Shareholders • Directors 24.5% • Linq Resources Fund 9.4% • CBH Resources Ltd 5.8% • Nefco Nominees 4.1% • Lim Asia
Slide 5: Zinc – Strong Fundamentals
Zinc – Strong Fundamentals Australia’s Best Leverage to the Zinc Price SUPPLY / DEMAND (1,000t) 11,500 Shortfall made up from 11,000 LME & other stocks 10,500 Difference made up from scrap, recycling 10,000 and concentrate stockpiles 9,500 9,000 8,500 2000 2001 2002 2003 2004 2005p 2006p Metal Usage
Slide 6: Zinc – Prices Up & Charges Down
Zinc – Prices Up & Charges Down Australia’s Best Leverage to the Zinc Price ¾ Zinc price at record highs. The outlook is for a sustained high price through 2006 and 2007 and for zinc to outperform other metals ¾ Zinc concentrate is in tight supply, spot smelter charges are TREATMENT CHARGES (USD/DMT
Slide 7: Project Locations
Project Locations Australia’s Best Leverage to the Zinc Price Prairie Downs ¾Objective is development of a zinc mining operation ¾The primary focus of this presentation Coppermine Bore ¾Copper-gold-uranium prospect ¾Model: Olympic Dam Longreach Well ¾Lead-zinc-silver project ¾Model: Mississippi Vall
Slide 8: Prairie Downs - Infrastructure Advantages
Prairie Downs - Infrastructure Advantages Australia’s Best Leverage to the Zinc Price Prairie Downs Metals Limited Page 8
Slide 9: Prairie Downs - Overview
Prairie Downs - Overview Australia’s Best Leverage to the Zinc Price ¾ The Prairie Downs Fault is a major regional structure ¾ Within the project area it is mineralised in zinc, lead, copper, gold & silver ¾ Sediments to the south are prospective for zinc, lead & silver ¾ The greenstone belt to the
Slide 10: Prairie Downs – Zone 1
Prairie Downs – Zone 1 Australia’s Best Leverage to the Zinc Price ¾ Resource of 500,000 tonnes at a grade of 13.1% zinc, 3.7% lead and 35g/t silver. ¾ Excellent potential for a significant increase ¾ Priority is ongoing resource development drilling ¾ Scoping study and financial model soon underway
Slide 11: Zone 1 – Drill Hole Locations
Zone 1 – Drill Hole Locations Australia’s Best Leverage to the Zinc Price 19920mE 20000mE 20080mE 20160mE 20240mE 20320mE 20400mE 10120mN DDH11 10080mN DDH10 PDP27 PDP52 PDP42 PDP57 PDP65 PDP28 PDP25 PDP69 PDP36 PDP51 PDP44 PDP54 PDP48 PDP41 DDH07 PDP32 PDP26 PDP46 PDP56 PDP64 PDP50 PDP34 PDP35 PDP5
Slide 12: Zone 1 – Cross Section
Zone 1 – Cross Section Australia’s Best Leverage to the Zinc Price PDP68 (vert) PDP49 PDP50 PDP51 9920mN 9960mN 10080mN 10120mN -40mRL 5m @ 11.1% Zn+Pb 4m @ 17.5% Zn+Pb 5m @ 12.9% Zn+Pb -80mRL 6m @ 13.8% Zn+Pb 118m 105m -120mRL Prairie Downs Project - Zone 1 160m Cross Section 20120mE 172m Prairie D
Slide 13: Zone 1 – Longitudinal View of Lodes
Zone 1 – Longitudinal View of Lodes Australia’s Best Leverage to the Zinc Price East West Prairie Downs Project Lode System at Zone 1 Longitudinal View 250 metres Prairie Downs Metals Limited Page 13
Slide 14: Zone 1 – Oblique View of Lodes
Zone 1 – Oblique View of Lodes Australia’s Best Leverage to the Zinc Price Prairie Downs Project Lode System at Zone 1 Oblique View Prairie Downs Metals Limited Page 14
Slide 15: Prairie Downs - Beyond Zone 1
Prairie Downs - Beyond Zone 1 Australia’s Best Leverage to the Zinc Price ¾ Zone 1 is not the only occurrence of zinc-lead on the Prairie Downs Fault – it is just the most advanced. Potential for up to 10 million tonnes ¾ Aeromagetics and IP geophysics indicate potential for sediment hosted zinc-lea
Slide 16: Coppermine Bore - Historic Workings
Coppermine Bore - Historic Workings Australia’s Best Leverage to the Zinc Price Copper Gold Uranium Silver Cerium Lanthanum Lead (%) (g/t) (ppm) (g/t) (%) (%) (ppm) Highest Value 20.7 1.58 370 172 >500 198 8800 Average Value 14.1 0.35 216 35.8 178 85 2552 ¾ Rock chip assay results have returned an a
Slide 17: Coppermine Bore – Uranium Anomalies
Coppermine Bore – Uranium Anomalies Australia’s Best Leverage to the Zinc Price ¾ Airborne radiometrics has identified a high amplitude uranium anomaly with a strike length of 1.2 kilometres ¾ Expected to extend beneath cover to the historic Coppermine Bore workings. ¾ Previous drilling of the histo
Slide 18: Indicative Work Program
Indicative Work Program Australia’s Best Leverage to the Zinc Price Q1 Q2 Q3 Q4 Q1 2006 2006 2006 2006 2007 PRAIRIE DOWNS COPPERMINE BORE LONGREACH WELL PERENJORI Geophysics & Fieldwork Drilling Resource modelling Metallurgical testwork Feasibility Studies/Financial Modelling as at February 2006 Pra
Slide 19: Investment Summary
Investment Summary Australia’s Best Leverage to the Zinc Price ¾ Strong fundamentals for zinc ¾ The only uncommitted Australian zinc company ¾ Significant value in existing resource with substantial resource increase targeted in the near term ¾ Low capex, short lead time starter project ¾ Excellent
Slide 20: Prairie Downs
Prairie Downs Australia’s Best Leverage to the Zinc Price Prairie Downs Metals Limited Page 20
Prairie Downs Metals — Investor Presentation (February 2006) on 6ix