Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Zinc Co Australia — Shareholder Meeting (November 2008)
24 slides from Zenith Minerals's shareholder meeting presentation, Nov 28, 2008
Slide 1: ASX cover letter for AGM presentation
For personal use only Friday, 28 November 2008 Company Announcements Office Australian Stock Exchange 4th floor, 20 Bridge Street SYDNEY NSW 2000 Dear Sir, Please find attached for release to the market a copy of the presentation delivered by Zinc Co Australia’s General Manager at the Annual General
Slide 2: Annual General Meeting General Manager Presentation
Zinc Co For personal use only Australia Limited ABN 96 119 397 938 Annual General Meeting 27 November 2008 General Manager Presentation
Slide 3: Disclaimer
Disclaimer For personal use only Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include estimates of future prod
Slide 4: Zinc Co Australia Limited
Zinc Co Australia Limited For personal use only ASX code: ZNC Issued shares: 65.3 million Market Cap: A$2m undiluted Options: 26.4 million listed 3.05 million unlisted Cash Sept/08: A$3.2m Source: http://www.asx.com.au/asx/research Major shareholder: Giralia, 12%
Slide 5: Project Locations
For personal use only Project Locations
Slide 6: Conquistador, Snake Well – ZNC earning 75%
Conquistador, Snake Well – ZNC earning 75% For personal use only •Archaean Tallering Greenstone is a volcanic hosted massive sulphide (VHMS) belt – this interpretation is supported by the nature of host rocks, alteration style, metal content, Pb isotope signature •VHMS deposits are typically multi m
Slide 7: Conquistador, Snake Well – ZNC earning 75%
Conquistador, Snake Well – ZNC earning 75% For personal use only ZNC in 07-08 focused on Conquistador: •Drilling •EM geophysics Best drilling intersections: CNQRC045 21m @ 2.56% Zn, 0.60% Pb, 0.04% Cu, 0.5 g/t Ag, 1.08 g/t Au CNQRC050 6m @ 2.29% Zn, 0.34% Pb, 0.06% Cu, 0.5 g/t Ag, 1.07 g/t Au Conclu
Slide 8: Conquistador, Snake Well – ZNC earning 75%
Conquistador, Snake Well – ZNC earning 75% For personal use only Project expanded to take in 30 strike kilometres of rocks prospective for VHMS deposits Exploration focus is now on 12 km strike east of Conquistador
Slide 9: Conquistador, Snake Well – ZNC earning 75%
Conquistador, Snake Well – ZNC earning 75% For personal use only Recent exploration east of Conquistador: Gradient IP mapped continuation of Conq footwall alteration zone. Scout RAB holes into IP anomalies confirmed presence of footwall alteration, and anomalous Zn. Helicopter EM survey in progress
Slide 10: Cardinals JV - ZNC earning 75%
Cardinals JV - ZNC earning 75% For personal use only The project is located in an Archaean volcanic belt that hosts volcanogenic massive sulphide (VHMS) deposits 30 km north east The VHMS prospects in ZNC’s tenement are Cardinals and Aloha N
Slide 11: Cardinals JV - ZNC earning 75%
Cardinals JV - ZNC earning 75% For personal use only Cardinals Prospect Previous exploration 1979 – 82: •Gossan discovered – rock chip values to 22% Zn, 7% Cu, 8% Pb •Percussion and diamond drilling (results as shown) •Ground EM – response was interpreted to represent a shallow plunging conductor on
Slide 12: Cardinals JV - ZNC earning 75%
Cardinals JV - ZNC earning 75% For personal use only Cardinals Prospect ZNC exploration, August 2008: • RC drilling – 15 -600 shallow (100m) RC holes along EM trend •3 holes intersected Zn dominant mineralisation •EM conductor due to sulphides •EM survey repeated and extended with modern equipment –
Slide 13: Earaheedy - ZNC 100%
Earaheedy - ZNC 100% For personal use only Previous exploration by RGC,1993 – 97 - wide spaced “payhole” style drilling defined a 30km zone of Zn/Pb mineralisation. Mineralisation style - Zn/Pb sulphides in shallow north east dipping carbonates of Yelma Formation Payhole drilling based on stratigrap
Slide 14: Earaheedy - ZNC 100%
Earaheedy - ZNC 100% For personal use only New approach – fault control on mineralisation •The better drill intersections are aligned along faults •Age dating – mineralisation and deformation may be of same age •So better focus for exploration by drilling directly at faults. ZNC flew aeromagnetic su
Slide 15: Mount Alexander - ZNC 100%
Mount Alexander- ZNC 100% For personal use only Mineralisation style: • Zn, Pb •Dolomite host rock, associated iron formation and other sediments •Proterozoic age host rocks •Possible large stratiform deposit •Or skarn
Slide 16: Mount Alexander - ZNC 100%
Mount Alexander- ZNC 100% For personal use only •4.5 kilometre zone of Zn soil geochemistry •Gossan zones with significant Zn, Pb, Ag results from surface and drill sampling •Sparse drilling has not effectively explored the project Drilling intersections Rock chip channel sample - gossan Cyprus Goss
Slide 17: Horse Spring - ZNC 100%
Horse Spring - ZNC 100% For personal use only E80/3809 Mineralisation : •Zn, Pb, coarse grained, good metallurgy •Limestone host (MVT style) Located in province with 3 major zinc lead deposits Zinc Co tenement
Slide 18: Horse Spring - ZNC 100%
Horse Spring - ZNC 100% For personal use only ZNC completed re-interpretation of historical data – structural analogy with Pillara, the largest deposit in the province Enigma Graben 3.5 kilometre of faults untested by drilling Vearncombe et. al., MERIWA Report 145, 1995 Pillara (Blendevale) Graben a
Slide 19: China – Jinzidong Ni Cu Property
China For personal use only Jinzidong Ni Cu Property •Located in a belt of Permian mafic/ultramafic intrusives that includes one developing and two operating Ni Cu sulphide mines •These operations mine disseminated ore with massive high grade zones developed in intrusives which are ~2km long by 0.5
Slide 20: Jinzidong Ni Cu
Jinzidong Ni Cu For personal use only Jinzidong location
Slide 21: Jinzidong Ni Cu
Jinzidong Ni Cu For personal use only Xiangshan Huangshandong Mine 72 Mt @ 0.53% Ni, 0.26% Cu Huangshandong Mine Huangshan Xiangshan Deposit 13 Mt @ 0.62% Ni, 0.43% Cu Huangshan Jinzidong 68 Mt @ 0.48% Ni, 0.31% Cu 10 km
Slide 22: Jinzidong Ni Cu
Jinzidong Ni Cu For personal use only Looking north across mafic ultramafic intrusive Copper staining on pyroxenite dyke
Slide 23: Jinzidong Ni Cu – Evaluation programme
Jinzidong Ni Cu For personal use only Evaluation programme • Acquire high resolution satellite image (complete) •Geological map of intrusives (in progress) •Design EM survey •EM survey – Chinese contractor for survey, ZNC geophysicist for quality control, interpretation (from Australia) •Timing, Nov
Slide 24: Zinc Co Australia Limited
Zinc Co Australia Limited For personal use only Conquistador, Snake Well Project
Zinc Co Australia — Shareholder Meeting (November 2008) on 6ix