Athena Resources Limited · ASX:AHN
Athena Resources — Shareholder Meeting (November 2012)
15 slides from Athena Resources's shareholder meeting presentation, Nov 30, 2012
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 30 November 2012
Slide 2: Disclaimer
For personal use only Disclaimer – This presentation is provided for the sole purpose of providing preliminary technical, financial and other background information to enable you to review the business activities of Athena Resources Limited (“Athena”). – The material provided does not constitute an
Slide 3: Project Location
PROJECT LOCATION For personal use only The company holds around 2,500kms2 of iron ore exploration tenements in the Mid West region of Western Australia • Located close to the Government backed Oakajee deepwater Port and heavy haulage Rail project • 250kms from the city of Geraldton that has an exist
Slide 4: Multiple Logistics Options
MULTIPLE LOGISTICS OPTIONS For personal use only Phase 1 With existing JORC resource of 24Mt, mining and processing at up to 6Mtpa, road transport to Geraldton or a rail head at Mullewa, and export through the Port of Geraldton. Phase 2 Initial target 50Mt resource with drilling complete, waiting fo
Slide 5: Experienced Board and Management
EXPERIENCED BOARD AND MANAGEMENT For personal use only • Mr David Webster (Chairman) – Involved in extensive Chinese Investments into Agriculture and associated infrastructure in Australia. • Mr Ed Edwards (Managing Director) – 30 years experience in the resources with considerable knowledge and ski
Slide 6: Tectonic Setting
TECTONIC SETTING For personal use only Magnetite mineralization found in Migmatite layers once deeply buried in Archean gneiss belt now trending North – North East for ~200km
Slide 7: Highly Prospective Project
HIGHLY PROSPECTIVE PROJECT For personal use only Magnetite targets • Range 28Km (yellow) to 114Km (red) with average width of 30m and assumed depth of 150m with a SG of 3.5 Hematite targets • Over an area of 17.8Km2 (white) with a range of depth from 5m to 10m and a SG of 3.0
Slide 8: Initial JORC Resource
INITIAL JORC RESOURCE For personal use only Initial JORC Resource of 22.8Mt was modelled over a strike of 800m with a width of 200m. The mineralisation zone has been interpreted to extend to depths of >240 m below surface. Further drilling has confirmed consistency of ore quality across exploration
Slide 9: Byro South Ore Body
BYRO SOUTH ORE BODY For personal use only • Initial exploration estimates of BYRO SOUTH Fe % INTERSECTION FROM 50Mt modelled over an area of 3km2 AHRC0053D 33.3m @ 33.42% 80m • Initial analysis indicates AHRC0053D 39.4m @ 30.35% 125m similar quality of material to that found at Fe1 AHRC0054D 44.9m @
Slide 10: Whistlejack and Whitmarsh Find
WHISTLEJACK AND WHITMARSH FIND For personal use only WHISTLE JACK Hole ID Fe % Intersection From AHRC0065 68m @36.46% 132m AHRC0066 22m @ 36.32% 86m And 6m @ 22.13% 128m WHITMARSH FIND AHRC0064 26m @ 23.6% 44m And 26m @ 34.95% 88M AHRC0056 24m @ 20.41% 0m And 24m @ 32.76% 52m
Slide 11: High Quality Magnetite Project
HIGH QUALITY MAGNETITE PROJECT For personal use only Athena’s magnetite ore is geologically distinguishable from other ores; • Very low impurities • Needing only a coarse grind size for liberation Resulting in significantly lower plant capital and operating costs and better materials handling and a
Slide 12: Hematite Exploration
HEMATITE EXPLORATION For personal use only Fluvial Deposit of Hematite Pisolites
Slide 13: Hematite Exploration
HEMATITE EXPLORATION For personal use only Sample Number MBCR400 53.03 % Fe 5 kilometres Length (5000m) 150m Depth 36mAverage Width (estimate taken from outcrop Sample Number MBCR403 47.31% Fe and laplucian mag image 25% of reflected mag width
Slide 14: Hematite Results
HEMATITE RESULTS For personal use only Sample ID Fe % Pisolite Hematite MBCR408 50.89 Byro DMS on Transported Hematite MBCR424 47.89 MBCR410 46.37 MBCR397 45.28 MBCR404 44.99 MBCR387 44.16 MBCR421 43.94 MBCR428 43.79 MBCR418 42.76 MBCR389 41.79 MBCR416 41.06 MBCR417 40.31 Dense Media Separation (DMS
Slide 15: Athena Resources Limited
onal use only . Athena Resources Limited nen 113758900 24 Colin Street | West Perth | Western Australia | 6005 RO. Box 1970 | West Perth | Western Australia | 6872 08 9222 5888 Fx 08 9222 5810 W athenaresources.com.au
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