Terrain Minerals Ltd · ASX:TMX
Terrain Minerals — Investor Presentation (August 2010)
37 slides from Terrain Minerals's investor presentation, Aug 16, 2010
Slide 1: Terrain Minerals Presentation August 2010
ABN: 45 116 153 514 Terrain Minerals Presentation August 2010
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENTS This presentation has been prepared by Terrain Minerals Ltd (“Terrain”) as a summary of the Company, its mineral assets and its plans to explore its tenements and for general information purposes only. This presentation contains material that can be construed as
Slide 3: Corporate Summary
Corporate Summary BOARD OF DIRECTORS CAPITAL STRUCTURE Non executive Issued Shares (TMX): 171.2 m Chairman: Dick Sandner Vice Chair: Jonathan Lim Issued Options Keith Wells Listed (TMXOA): 16.9 m Paul Dickson Unlisted: 10.6 m Executive MD: Chris Tomich Share Price (13/08/10): 2.9c MAJOR SHAREHOLDERS
Slide 4: Project Locations
| ld ad NM 122°00 SANDSTONE yo LEINS |_ 28°00' [J 4 \\ \ Bundarra Project ain ~ Om \p siere TERRAIN , aan [Dodgers Well Project XS coon 1 4 tel Project Locations | sit Perth & a ae SOUTHERN CROSS oN y MENZIES (
Slide 5: Bundarra – Regional Map
oot Bundarra — Regional Map ointe ; ~~ Black Cat 28°18S = Great Western N&, ~ Rea, oo Dd Gold deposit (JORC resource) © Gold prospect Geochemical anomalies/RC drill targets 6 0 4000m of TERRAIN MINERALS LTD 7LN Black Cat Proj sos ject Bundarra Region Geology \ ee (Au) — f
Slide 6: Mine Development Projects
Mine Development Projects Mine Scoping Studies Completed: • Celtic Open Pit - Mining Approval in place, toll treatment agreement being finalised • Great Western Open Pit & Underground • Wonder North Open Pit (U/G study underway) Potential Mine Extensions: • Great Western – underground, down plunge •
Slide 7: Forecast Mine Cash Surplus
Forecast Mine Cash Surplus Based on Mine Scoping studies completed Various sensitivity analyses have been performed and are included to demonstrate the potential range of cash flows as set out in the ASX announcement dated 16 February 2010.
Slide 8: Celtic Pit
Celtic Pit
Slide 9: Celtic Deposit Cross Section: Proposed Pit Extension
Celtic Deposit Cross Section: Proposed Pit Extension
Slide 10: Celtic Open Pit Gold Production Summary
Celtic Open Pit Gold Production Summary Mine: 59,000t at 3.52g/t undiluted (from measured resource of 684Kt @ 1.8g/t gold: Resource Table ) Recover: 6,000 oz @ cash cost of A$630-650oz Up Front Costs A$0.9m - A$1m Cash flow generated A$4m Cash surplus A$3m Based on gold price A$1,200/oz & 90% metall
Slide 11: Celtic Open Pit: Sensitivity Study
Celtic Open Pit: Sensitivity Study Ozs COST/Ozs Operating Forecast RECOVER $/Ozs CASH CASH ED FLOW Surplus X$M X$M (Negative) BASE CASE 6003 635 0.87 3.4 $1200/Ozs (90% rec) GOLD PRICE 6003 628 0.87 2.8 $1100/Ozs (90% rec) GOLD PRICE 6003 641 0.87 3.9 $1300/OZS (90% rec) RECOVERY 85% 5669 668 0.87 3
Slide 12: Great Western Deposit
INERALS Great Western Deposit
Slide 13: Great Western Deposit Proposed Mine Plan
Great Western Deposit Proposed Mine Plan
Slide 14: Great Western: Open Pit Gold Production Summary
Great Western: Open Pit Gold Production Summary Mine: 128,000t at 2.7 g/t gold (from measured, indicated & inferred resource of 473Kt @ 2.7g/t gold: ResourceTable) Produce: 10,500oz @ cash cost A$1,020/oz Up Front Costs A$2.3m Cash flow generate A$3.3m - A$4.3m Cash surplus A$1.0m - A$2.0m Note: The
Slide 15: Great Western Underground: Gold Production Summary
Great Western Underground: Gold Production Summary Mine: 194,000t at 6.75 g/t gold (from measured, indicated & inferred resource of 473Kt @ 2.7g/t gold: Resource Table) Produce: 40,000 oz @ cash cost of A$750/oz Up Front Costs A$12.0m Cash flow generated A$25.1m - A$27.1m Cash Surplus A$13.1m - A$15
Slide 16: Wonder North Pit
Wonder North Pit
Slide 17: Wonder North Deposit
WONDER NORTH OPEN PIT LEGEND Grade x metres Pre 2007-08 TMX drill intercepts (12m @ 3.3g/t Au) 2007-08 TMX drill intercepts (16m @ 3.4g/t Au) Plunge of mineralisation Underground potential 300mRL
Slide 18: Wonder North Open Pit: Gold Production Summary
Wonder North Open Pit: Gold Production Summary Mine: 449,000t at 2.56g/t gold (from measured & indicated resource of 1226Kt @ 2.4g/t gold: Resource Table) Produce:35,000 oz @ cash cost of A$1,000/oz Up Front Costs A$10.0m Cash flow generated A$14.8m - A$16.8m Cash Surplus A$4.8m - A$6.8m Based on go
Slide 19: Wonder North High Grade Underground Resource
Wonder North High Grade Underground Resource JORC Resource 621,600t @ 4.8 g/t Au (96,080oz)
Slide 20: Potential Mine Extensions
Potential Mine Extensions • Great Western (gold) – down plunge Ore shoots open down plunge • Wonder North (gold) – down plunge Deposit open down dip and down plunge Study to be undertaken looking at reducing costs & increasing recovered oz & enhancing cash flow
Slide 21: Bundarra – Regional Map
oot Bundarra — Regional Map ointe ; ~~ Black Cat 28°18S = Great Western N&, ~ Rea, oo Dd Gold deposit (JORC resource) © Gold prospect Geochemical anomalies/RC drill targets 6 0 4000m of TERRAIN MINERALS LTD 7LN Black Cat Proj sos ject Bundarra Region Geology \ ee (Au) — f
Slide 22: Bundarra: Other Targets
Bundarra: Other Targets Bluebush • 726,000t @ 1.7g/t gold (39,0000z) Bluebush East (RAB drilling results) • 3m @ 2.57g/t gold from 24m • 18m @ 1.26g/t gold from 30m • 11m @ 1.03g/t gold from 28m Craig/Katalina • Four (4) gold, geochemical anomalies: up to 50x background, up to 160m wide and up to 1,
Slide 23: Bundarra Project: Resources
Bundarra Project: Resources (1g/t gold cut-off) Measured Indicated Inferred TOTALS Deposit Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Ounces (‘000) (g/t) (‘000) (g/t) (‘000) (g/t) (‘000) (g/t) (‘000) Wonder 354 2.3 872 2.4 1314 1.9 2540 2.1 172.6 North Celtic 684 1.8 199 1.5 204 1.5 1088 1.
Slide 24: Dodgers Well Project
Dodgers Well Project
Slide 25: Dodgers Well Project
Dodgers Well Project • First pass shallow RC drilling to test high grade gold targets • DWRC013, 4m @ 36.10 g/t gold from 76m, including 1m @ 115.7 g/t gold from 76m (within a larger interval of 9m @ 17.04 g/t gold from 76m) • DWRC014, 3m @ 9.67 g/t gold from surface (within a larger interval of 6m
Slide 26: Dodgers Well Project
DODGERS WELL PROJECT - 28°37'S Sheffield — 28°38'S ® Historic workings 92.0 | Rock chip sample (g/t Au) at Drill Hole Number with metres @ g/t Au Q 500m T 121°19E sg Homeward Bound. Great Surprise incl 1m @115.7 q \ 121°20E Aha Ro \ TERRAIN MINERALS LTD Dodgers Well Project Drill Hole & Rock Chip Re
Slide 27: East Kambalda Location Map
East Kambalda Location Map TERRAIN MINERALS XS 370000mE H XX ETE Ge ® es ~ ’ y Carnilya Hill SS, XM is Ny ios x , % We y XM \ XM ) S Q ean Y ‘ Cutters Luck (Au) &), E26/97 Y Sf a = VM \ Hogans x —] Find (Au) \ ~ Aztec Dome | ra ‘3 ~ ‘ ve ~ Va \& aK Y —| m26i477 \S \ 3 y \) Oe < ad nd = _ —— N S = =
Slide 28: Kambalda v Aztec Dome
Kambalda v Aztec Dome • Similar Structure: a dome intersected and adjacent to major faults • Similar Geology: basalts, minor shales, ultramafics, syenite intrusions • Similar Trace Element Geochemistry • Similar magnetic and gravity signatures • Presence of nickel sulphides
Slide 29: Kambalda Dome V Aztec Dome
Kambalda Dome V Aztec Dome Kambalda Dome Aztec Dome Idealised Cross Section Idealised Cross Section ASD0001 [| Granitoid intrusion [| Basalt [| Ultramatic LC Sediment 0 2km 0 2km Eo Nickel deposits Le Ll
Slide 30: Aztec Dome Geophysical Map + Drill Holes
Aztec Dome Geophysical Map + Drill Holes
Slide 31: Section 14000N
Section 14000N 3D Gravity Inversion AZRC 002 AZRC009 syenite intrusion
Slide 32: Section 19000N
Section 19000N 3D Gravity Inversion AZRC008
Slide 33: Aztec Dome Drilling Summary
Aztec Dome Drilling Summary • Disseminated sulphides (up to 20%) were detected associated with all four IP anomalies. • At “Anomaly C” the sulphides are associated with high magnesian basalts and some narrow bands of ultramafic, which appear to be above the main ultramafic horizon(s). • At “Anomaly
Slide 34: Aztec Dome EM Anomalies
Aztec Dome EM Anomalies 121°46'30" 121°47'00" = 121°47'30" 121°48'00" = 121°48'30" 121°49'00" = 121°49'30" 121°*50'00" 384000 -31°06'00" #00,900bE- o008ss9 nOE,900bE- ~31°06'30" 6558000 1 00:L00bE- -31°0700" & g gs 8 ip a 8 -31°07'30" 6556000 -31°08'00" -31°08'30" 6554000 ~31°09'00" 384000 386000 12
Slide 35: Aztec Dome EM Anomaly 1
INERALS “LN IN Aztec Dome EM Anomaly 1 387400! ci PLAN VIEW
Slide 36: Aztec Dome EM Anomaly 2
TERRAIN INERALS | “i EM ANOMALY _
Slide 37: East Kamblada – Future Plans
East Kamblada – Future Plans • Recently completed fixed loop EM survey identified 2 strong conductors at 140-400m depth along eastern edge of Aztec Dome • Deep diamond core drilling required to test geophysical & geological targets – better define ultramafic host statigraphy & test for nickel sulphi
Terrain Minerals — Investor Presentation (August 2010) on 6ix