Metalex Ventures Ltd. · TSXV:MTX
Metalex Ventures — Investor Presentation (March 2011)
42 slides from Metalex Ventures's investor presentation, March 2011
Slide 1: Global Exploration Investor Presentation – March 2011
Global Exploration Investor Presentation – March 2011 1
Slide 2: Disclaimer
Disclaimer This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities in Metalex Ventures Ltd. (“Metalex”), nor shall it or any part of it form the basis of, or be relied on in connection with, or act as any inducement
Slide 3: The Company: Investment Highlights
The Company Investment Highlights • Proven management with a track record second to none (Ekati discovery) • 3 diamond discoveries and 2 advanced projects near De Beers’ Victor Mine ($1.3 bln) • Large management ownership (~20%) • Diamond prices have been strengthening over the past two years • Coll
Slide 4: Proven Management and Board of Directors
Proven Management and Board of Directors Executive Chairman Charles Fipke – Founder of the Ekati Diamond Deposit Dr. Charles Fipke • Founded Dia-Met Minerals Ltd. (Sold to BHP Billiton for $650 million) and Cantex Mine Development Corporation Executive Chairman • Discovered the Ekati Diamond Mine in
Slide 5: Proprietary Diamond Exploration Technology
Proprietary Diamond Exploration Technology Competitive Advantage • Leading experts on diamond indicator mineral geochemistry Over 30 years of research and development of technologies that allow for fast and accurate evaluation of the potential economics of kimberlite deposits Developed unsurpass
Slide 6: The Company: Project Highlights
The Company Project Highlights • James Bay Lowlands: portfolio of mineral projects Two advanced diamond projects ¾ 450 ton bulk samples from both T1 and U2 pipes have now been collected 9 To test for economic quantities and qualities of diamond (as was the case with Ekati) ¾ T1 Kimberlite pipe is
Slide 7: Prospective Portfolio: Diamond, Gold and Base Metals Projects
Prospective Portfolio Diamond, Gold and Base Metals Projects 7
Slide 8: Canadian Diamond Exploration: Ontario Project Map
Canadian Diamond Exploration Ontario Project Map 8
Slide 9: Kyle Lake Diamond Project
Canadian Diamond Exploration Kyle Lake Diamond Project • 95% contributing interest in 104 mineral claims located 70 km west of De Beers’ new Victor Diamond mine • In 2005, Metalex conducted 14,500 km2 follow-up aeromagnetic survey, identifying 500 anomalies of which 118 were high priority • 24 anoma
Slide 10: Kyle Lake U2 Kimberlite Pipe Discovery
Kyle Lake U2 Kimberlite Pipe Discovery • A 28,620 line kilometre airborne geophysical survey was flown in late 2006 identifying 34 targets which have since been staked • Priority targets were drill tested resulting in the discovery of 3 new kimberlites (referred to as U1, U2 and U2NW) The U2 kimbe
Slide 11: Kyle Lake U2 Kimberlite Cross Section
Kyle Lake U2 Kimberlite Cross Section 11
Slide 12: Diamonds from U2 Core
Diamonds from U2 Core U2-6-147-196 ft Label# LC1 0.04926900 cts B,W,0,2 U2-8-972.5-1046 ft Label# LZ1 0.00667000 cts A,W,0,0 é s U2-10-290-390 ft Label# LZ1 0.03643700 cts B,W,0,0 U2-10-1460-1560 ft Label# LMI 0.06184800 cts B,W,0,1 0.5 mm 0.5 mm
Slide 13: Kyle Lake U2 Kimberlite Micro Diamond Distribution
Kyle Lake U2 Kimberlite Micro Diamond Distribution Flat U2 diamond distribution shows that a high proportion of the diamonds in U2 will be coarse. This is important for a high average value per carat. 13
Slide 14: U2 Kimberlite - Near Term Catalyst for Value
U2 Kimberlite - Near Term Catalyst for Value U2 Kimberlite Discovery • 460 tonne bulk sample collected • Sample is now being processed • First results are very similar to those from DeBeers’ Victor Mine 8.75 inch (22cm) RC Drill U2 and U2NW Drill Plan 8.75 inch (22cm) RC Drill 14
Slide 15: U2 Bulk Sample - Drill Plan
U2 Bulk Sample - Drill Plan Metalex Ventures Ltd. U2 and U2NW Drill Plan + o 100 200 «300 «64000 «= 500 a Feet Sa Meters} — o 25 «50 100 150 Legend @ RC Collars = Section E Geology (on 60 m elevation level) [__] Kimberlite Model Limestone
Slide 16: U2 Bulk Sample – 18.1 cpht below 90m at U2-RC-02
U2 Bulk Sample – 18.1 cpht below 90m at U2-RC-02 Depth Sampled Diamonds Weight Estimated Estimated Interval Material # Ct Treated* Weight Grade (m) (kg) (kg) (cpht) 0-15 Overburden and crater infill 0 0.000 272 2,550 0.0 15-30 Crater infill (95% limestone) 2 0.007 624 2,550 0.3 30-45 Crater infill (
Slide 17: U2 Bulk Sample – 0.52 ct diamond from U2-RC-03
U2 Bulk Sample – 0.52 ct diamond from U2-RC-03 The diamond has been broken – further supporting the presence of large diamonds.
Slide 18: U2 Bulk Sample Diamond Size and Colours are Promising
U2 Bulk Sample Diamond Size and Colours are Promising Hole Sieve Sizes (Through / On) Total 0.6mm 0.85mm 1.18mm 1.7mm 2.36mm 3.35mm 4.75mm 0.425mm 0.6mm 0.85mm 1.18mm 1.7mm 2.36mm 3.35mm U2-RC-02 61 81 56 24 4 3 - 229 U2-RC-03 50 121 79 38 12 1 1 302 Total 111 202 135 62 16 4 1 531 • Very coarse siz
Slide 19: Diamonds from the U2 Bulk Sample
Diamonds from the U2 Bulk Sample
Slide 20: Diamonds from the U2 Bulk Sample
Diamonds from the U2 Bulk Sample
Slide 21: U2 – Comparison to Initial Victor Bulk Sample Results
U2 – Comparison to Initial Victor Bulk Sample Results • DeBeers’ first bulk sample of 600t returned a bulk sample grade of 18 cpht • DeBeers’ Victor Mine, just built at a cost of $1.3Bn, has a mining grade of 23 cpht • Below 90 meters the first U2 bulk sample hole returned 18.1 cpht • The second U2
Slide 22: Kyle Lake T1 Kimberlite Pipe Discovery
Kyle Lake T1 Kimberlite Pipe Discovery • 3 Ha (7.5 acre) kimberlite discovered by Metalex Modeled size of pipe is 200 x 180 metres (similar to Ekati’s Panda Pipe) Intersected from 137 to 330 metres and open at depth • High quality diamond indicator minerals suggest that the kimberlite should hav
Slide 23: Kyle Lake T1 Kimberlite Cross Section
Kyle Lake T1 Kimberlite Cross Section 23
Slide 24: T1 Bulk Sample Results – High proportion of white and coloured stones
T1 Bulk Sample Results – High proportion of white and coloured stones • Final results from 4 holes and partial results from an additional 15 of 20 holes are now available Hole White Green Pink Blue Yellow Grey Brow n Total # % # % # % # % # % # % # % P10-1 65 14.1% 1 0.2% - 0.0% - 0.0% - 0.0% 192 41
Slide 25: Diamonds from T1 Bulk Sample
Diamonds from T1 Bulk Sample K06-06 158-173 P10-03 270-285 XRS A -3.35mm+2.36mm . 22963450 cts +f B,W,0,0 : 5 ~ 3294-1-1 a = : Pe ae ¥. eS re >. Ee Re PY Ye as D ‘ sh % » a3 Imm PT 1-22 284-299 K06-11 150-165 -0.850+0.600mm -0.600+0.425mm 00476250 cts. 00254000 cts. BG43 B.G3,1 3143-5-11 3164-4-14
Slide 26: Diamonds from T1 Bulk Sample
Diamonds from T1 Bulk Sample
Slide 27: T1 - Large Diamonds Recovered
T1 - Large Diamonds Recovered Hole Sieve Sizes (Through / On) Total 0.6mm 0.85mm 1.18mm 1.7mm 2.36mm 3.35mm 4.75mm 0.425mm 0.6mm 0.85mm 1.18mm 1.7mm 2.36mm 3.35mm P10-1 140 230 74 16 1 - - 461 P10-2 764 614 145 34 12 - - 1,569 P10-3 144 187 83 17 - 1 - 432 K06-01 38 22 7 5 1 1 - 74 K06-02 276 208 67
Slide 28: Quebec - James Bay Lowlands Early Stage Project
Quebec - James Bay Lowlands Early Stage Diamond and Base Metals Exploration Project • Metalex holds a 33% interest in diamond projects and 50% interest in metal projects located in the James Bay region of Quebec. • Approximately 40,000 hectares staked in joint venture • Several sampling programs hav
Slide 29: Quebec - James Bay Lowlands Future Work
Quebec - James Bay Lowlands Future Work • Processing of the 2,000 samples recently collected is now underway • The results of these samples will guide the acquisition of claims over areas anomalous in gold, base metals, uranium and diamond indicator minerals • Airborne geophysics (Electromagnetic +/
Slide 30: Morocco Project Highlights
Morocco Project Highlights • In 2004 and 2005 Metalex acquired licenses totaling 24,800 km2 Metalex holds the only exploration licenses in the region • These licenses cover an area not previously explored • Highly prospective geology Including the Tasiast Mine immediately to the south which Kinr
Slide 31: Morocco: World class projects in vicinity
Morocco World class projects in vicinity Purchased by Kinross for $7.1B Contains 17+ Moz Gold 31
Slide 32: Morocco: Abundant anomalies discovered
Morocco Abundant anomalies discovered • Extensive geochemical surveying completed • Shows potential for: ¾Diamondiferous kimberlites in 18 areas ¾Gold in 38 areas ¾Base metals in 59 areas (Ni +/- Cu +/- Co +/- Zn +/- Pb) ¾Uranium in 6 areas 32
Slide 33: Morocco: Areas with potential for diamondiferous kimberlites
Morocco Areas with potential for diamondiferous kimberlites 33
Slide 34: Morocco: Areas with potential for metal deposits
Morocco Areas with potential for metal deposits Note the gold anomalies along the strike extension of the Tasiast Mine 34
Slide 35: Morocco: Underlying Agreement
Morocco Underlying Agreement • The project is a Joint Venture between the Moroccan Government (ONHYM) and Metalex 40% ONHYM : 60% Metalex Both parties fund according to their respective interests • There is only a 1.5% royalty payable to the government the net amount from the sale of mining pr
Slide 36: Morocco Work Program
Morocco Work Program Year 1: Fly an airborne magnetic (with radiometric) survey over entire 17,100 km2 license Fly an airborne EM survey over selected portions of license based on geochemical, magnetic and radiometric results Ground follow up of anomalies generated Commence drill testing by
Slide 37: The Company: Investment Summary
The Company Investment Summary • Ekati discovery was made through proprietary exploration knowledge that can be repeated • Near term economic viability of 2 projects, potentially creating significant near term value • Diamond supply shortfall predicted in middle and long term • Substantial program f
Slide 38: Angola Prospective Diamond Exploration Project
Angola Prospective Diamond Exploration Project • Project is upstream from the most prolific alluvial diamond mines (Cuango River) • 50 kimberlites including a 24 hectare pipe have been discovered • To date the diamond source has not been found • Two more large targets (20 – 39 hectares) remain to be
Slide 39: Angola Near Term Catalysts for Value
Angola Near Term Catalysts for Value • Testing of 2 large geophysical anomalies on the flood plain of the Cuango • Processing core to recover diamonds Discovered Kimberlites and Geophysical Anomalies Abundant Alluvial Diamonds Downstream of Metalex License 39
Slide 40: Ring of Fire: Significant Canadian Base Metal Discovery
Ring of Fire Significant Canadian Base Metal Discovery • Drilling discovered a massive sulphide deposit with high grade sections of 20% zinc with lead, copper and silver in the first anomaly • 28 combined Mag/EM anomalies still to be drilled • JV with White Pine Resources (they fund $20M in explorat
Slide 41: Other Exploration Projects Overview
Other Exploration Projects Overview Mali • Exploration of 2,500 km2 region resulted in several identified areas with spectacularly anomalous base metals with gold • Many of these need to be followed up with prospecting and additional sampling Greenland • 2 anomalous samples, one of which contains th
Slide 42: The Company: Capitalization and Ownership
The Company Capitalization and Ownership Company Name Metalex Ventures Ltd. Symbol MTX-TSXV Shares Outstanding 54.3 million Share Price (February 28, 2011) $1.04 Market Capitalization $56.5 million Options 7.7 million @ $0.70 - $7.00 Warrants 13.4 million @ $0.90 - $1.30 Fully Diluted Shares O/S 75.
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