Altoro Metals Limited · ASX:ARO
Altoro Metals — Variscan Mines — Shareholder Meeting (2015)
26 slides from Altoro Metals's shareholder meeting presentation, 2015
Slide 1: 2015 AGM Presentation
2015 AGM Presentation La Porte-aux-Moines Greg Jones Managing Director
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation contains forward looking statements that are subject to risk factors associated with resources businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables
Slide 3: Company Snapshot
Company Snapshot 2013-2014 2014-2015 Shares (million) at 30 Sept 176 306 $ in bank at 30 Sept $1.6 million $0.7 million Share Price at AGM 3 cents 2.9 cents Market Cap $5.3 million $9 million Value of Investments at 30 Sept $3.6 million $2.4 million French Area of Tenure (km2) 894 1790 French Projec
Slide 4: Company Snapshot
Company Snapshot Only ASX-listed resources company focused on minerals rich, mainland France First mover advantage Most active explorer in country Advanced projects only Six granted tenements – the most of any company in France High grade zinc-rich deposit - Porte-aux-Moines - genuine mi
Slide 5: Progress over last 12 months
Progress over last 12 months 3 new exploration licences granted – total now 6 High grade gold assays in rock chips and soils at St Pierre Strong assay results returned from Porte-aux-Moines zinc deposit Exploration upside at deposit enhanced New technologies - First VTEM geophysical survey
Slide 6: Areas of Activity
Areas of Activity VV Tews ar q : § TS a ney, o & 5 _. @>_ Navan-Tara - Ph-2n ‘ Rammelsberg - Cu-Zn-Pb-Ag / 50°N _ Galmoy, Lisheen Tynagh - Pb-Zn Gornwall - Sn-Cu Porte-aux-Moines (| f g Cu-Pb-Zn-Ag-Au __Rouez - Cu-Pb-Zn-A . @ i feellicrans 4 Lf BellicrosAu r a / Limousin\Au Jachymov ~~ Ag-Co-Ni-Bi-U
Slide 7: Project Portfolio
Project Portfolio ® Paris Loc Envel/ FRANCE con ae \ Merléac 77 e : Rennes VW, : e Beaulieu Abbaretz Mine Le Mans = [__] Paris Basin Sediments 2] [J carboniferous - Fy [J Metamorphic domain E| (EBS Paleozoic (Pre Carb) 3 [J cadomian basement &| [> Brioverian Sx Principal structures 38) [HI ordovicia
Slide 8: Project Portfolio
Project Portfolio Project Area Commodity Significant High grades Pre-JORC (km2) old mines in exploration Resource Merléac 411 Zn, Pb, Cu, Ag, Au Silfiac 173 Zn, Pb, Ag, Ge Tennie 205 Zn, Pb, Cu, Au Beaulieu 278 Sn, W Loc Envel 336 W, Cu St Pierre 386 Au 42 W, Cu, Au Applications 166 W High Quality A
Slide 9: Merléac
Merléac 411km2 containing advanced VMS prospect – Porte-aux-Moines High grade with excellent expansion potential Numerous prospects - 80 strike kilometres of host rocks
Slide 10: Porte-aux-Moines
Porte-aux-Moines Extensive work by BRGM in 1970s/80s • 6,843 m surface drilling (43 holes) • 2,830m underground drilling (29 holes) • 2km underground development Value of work completed to date >A$10M
Slide 11: Porte-aux-Moines Drilling
Porte-aux-Moines Drilling Three surface core holes retrieved from BRGM* Good condition Assayed by ALS Geochemistry High grades – often +15-20% Zn eq Confirmed quality of BRGM work JORC Resource calculation planned 2Gb dataset received Data conversion commenced *Bureau de Recherches G
Slide 12: Porte-aux-Moines drill core
Porte-aux-Moines drill core High grade, sphalerite (light honey colour) dominant massive sulfides in PAM5 Massive sulfide zone in PAM5
Slide 13: ALS drill core assays
ALS drill core assays PAM5 From (m) To (m) Interval (m) Zn % Pb % Cu % Ag g/t Au g/t Zn Eq 211.0 225.0 14.0 7.1 1.2 1.0 101.1 0.8 12.1% including 212.0 220.0 8.0 11.8 2.0 1.1 165.9 1.4 18.7% 236.0 267.0 31.0 10.4 2.1 1.2 105.5 1.0 17.1% including 236.0 244.0 8.0 25.0 5.4 1.6 208.5 1.4 36.7% includin
Slide 14: PAM5 results
PAM5 results Classic VMS system Three mineralised horizons Typical VMS cluster? >250 metres in length Open at depth and along strike Distinct expansion potential
Slide 15: Merléac Exploration
Merléac Exploration Strong regional potential - Numerous VMS targets detected
Slide 16: St Pierre Exploration
WF) vaRiscan St Pierre Exploration VV Sa 6695000m N B =n La Belliére —— ae — an Belleville Assays - g/t Au 40 to 159 10 to 40 5 to 10 1to5 0.5 to 1.0 0.1 to 0.5 Oto 0.1 Shear zone La Rouillére Bégrole 6690000m N Township Road Lan ~cabomm
Slide 17: St Pierre Exploration
St Pierre Exploration St Pierre Soil sampling results 6692000mN 6691500mN 6691000mN 395500mE Belleville Prospect & rock chip - 21.5g/t Au " a <' 396000mE metres Samples ppb Au @ 100 - 2420 @ 50-100 @ 20-50 © 10-20 @ 0-10 Bégrolle Prospect Soil ppb Au contours HB >so HH 30-60 i 24-30 18-24 BD 15-18 L
Slide 18: Beaulieu Project
Beaulieu Project 278km2 over France’s largest hard rock tin district Significant source of tin for Roman Empire Abbaretz mine produced 2,700t tin from 1951 to 1957 Tin bearing veins within leucogranties and host sediments Some similarities to Cornwall Old drilling defined shallow pre- JO
Slide 19: Beaulieu Project
Beaulieu Project BEAULIEU PROJECT Tin Prospects Paradelle e Abbaretz Mine | e la Villefoucré we te *« ° Re. Le Bé & Je Chenaie Beaulieu * Key Prospects @ Chenaie 2 © Other Occurrences Township BEAULIEU PER BOUNDARY Roads
Slide 20: Loc Envel Licence
Loc Envel Licence Granted Oct 2015 High grade tungsten system Explored in 1970s and 80s Significant drilling Pre-JORC resource g published by BRGM Data access through BRGM Assessment work to commence
Slide 21: Silfiac Licence
Silfiac Licence Granted Oct 2015 High grade lead-zinc-germanium vein +10% Pb+Zn Explored in 1960s Significant underground development by BRGM Pre-JORC resource generated Within 25km of Porte-aux-Moines
Slide 22: Plelauff Deposit
Plelauff Deposit SILFIAC PROJECT Plélauff Deposit Long Section NORTH Main shaft -130m level metres TA OPEN, eee Ancient Mine Workings Mineralisation >10% Zn+Pb
Slide 23: Value creation strategy
Value creation strategy Porte-aux-Moines JORC Resource estimate Drill to expand resource around Porte-aux-Moines Drill test new VTEM targets in Merléac Drill test other pre-JORC resources (zinc-lead-silver, tin, tungsten) Further licence approvals Apply modern exploration techniques/geol
Slide 24: Thank You, Questions?
oT ee THANK YOU & QUESTIONS?
Slide 25: Major Zinc End Uses
Fr Major Zinc End Uses Miscellaneous Chemicals 6% 4% Zinc Semi Manufactures ° Q\ Brass and Bronze 17% Zinc Alloys 17% Galvanising 50%
Slide 26: Global Zinc Demand Supply Forecast
VaRiscan Mt of Zinc Global Zinc Demand Supply Forecast (Mt) 20 + gy eset 10 + 4% ella The “Zinc Gap “ ey eS PM VP PW ~ a a World Zinc Supply (Mt) o A o O A SY SY SY SY Vv Pe LP a World Zinc Demand (Mt) Increasing Demand-Supply Gap forecast for Zinc » Demand increasing > Mines closing . . . Source: >