Slide 1: Mining 2007
Tà{xÇt For personal use only RESOURCES LIMITED MINING 2007 Donald Thomson RESOURCES ASX Code: AHN LIMITED Tà{xÇt RESOURCES LIMITED
Slide 2: Disclaimer
Disclaimer For personal use only • 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: Corporate Overview
Corporate Overview For personal use only • Athena is actively exploring for nickel, copper, gold and basemetals • Exploration rights to over 12,000 Km2 under applications or granted tenure • Raised $2.4 million via IPO • Commenced trading on ASX - 22 November 2006 • Current Market Capitalisation $10
Slide 4: Capital Structure
Capital Structure For personal use only Issued and Quoted Securities Number Quoted Total Number Ordinary Shares 20,590,000 25,715,000 20 cent Options 25,485,000 25,485,000 (Expiring - 30 November 2009) RESOURCES LIMITED Tà{xÇt RESOURCES LIMITED
Slide 5: Board and Management
Board and Management For personal use only • Ed Edwards (Executive Chairman and Company Secretary) – Chartered Accountant 32 years as a Director, Company Secretary and auditor. • Donald Thomson (Technical Director) – Geologist 25 years in project management, exploration and resources. • Shane Sadlei
Slide 6: Top Six Shareholders
Top Six Shareholders For personal use only Name Holding % Capital * Edwards (Tied Nominees Pty Ltd) 3,300,000 12.83 Galopoulos Family 2,525,000 9.82 * Sadleir Family 2,155,000 8.38 Kelanco Pty Ltd 1,300,000 5.07 * Thomson Family 550,000 2.14 * McMillen 520,000 1.95 (Lightwave Investments Pty Ltd) RE
Slide 7: Development Strategy
Development Strategy For personal use only • Nickel, basemetals and gold focus • Target “green-field” Archaean and Proterozoic terranes in Western Australia • Acquisition of large land-holdings • Develop smaller deposits to provide cash flow and early return to investors • JV or sell for cash and ro
Slide 8: Commodity Focus
Commodity Focus For personal use only Ravensthorpe Ashburton Other target commodities Conceptual Target Nickel Lead Silver Copper Zinc Gold Size (Ni) (Pb) (Ag) (Cu) (Zn) (Cu) Resource Tonnes 2.5 Mt 0.5 Mt 0.5Mt 1.0 Mt 1.0 Mt 1.0 Mt Resource Grade 0.6% 20% 200g/t 3% 8% 10g/t Contained Metal 15 Kt 100
Slide 9: Area Selection
Area Selection For personal use only Deposits found in Australian Proterozoic terrains can be broadly sub-divided into: 1) Orogenic gold, copper-gold and lead deposits 2) Magmatic nickel-copper sulphide +/- PGE and chrome deposits 3) Stratiform sediment-hosted and zinc- lead silver deposits RESOURCE
Slide 10: Area Selection cont.
Area Selection cont. For personal use only • The gigantic size and polymetallic nature of these deposits has made them globally important exploration targets. • Athena’s projects are close to existing infrastructure; especially roads, ports and gas transmission pipelines RESOURCES LIMITED Tà{xÇt RES
Slide 11: Project Locations
Project Locations For personal use only RESOURCES LIMITED Tà{xÇt RESOURCES LIMITED
Slide 12: Ravensthorpe Project
Ravensthorpe Project For personal use only Ni and Cu sulphide and associated copper (+/- PGE) mineralisation hosted by Early Proterozoic ultramafic and mafic dykes • Target resource of >2.5 million tonnes grading 0.6% Ni • Drilling at Oldfield intersected Ni sulphide mineralisation from 50m below su
Slide 13: Ravensthorpe cont.
Ravensthorpe cont. For personal use only RESOURCES LIMITED Tà{xÇt RESOURCES LIMITED
Slide 14: Ravensthorpe cont.
Ravensthorpe cont. For personal use only • Additional targets ready for testing on adjacent 100% AHN tenements • Exploration includes airborne and ground geophysics, and geochemistry • 1,600km2 of tenements, including nine granted RESOURCES LIMITED exploration licenses Tà{xÇt RESOURCES LIMITED
Slide 15: Byro Project
Byro Project For personal use only • Analogue of Ravensthorpe Project – Ni & Cu sulphides in mafic intrusions on rifted craton margin • Under explored mafic intrusions with Cu and Cr in outcrop • Potential for other deposit types and commodities • Over 4,000km2 of exploration tenements RESOURCES LIM
Slide 16: Byro cont.
Byro cont. For personal use only RESOURCES LIMITED Tà{xÇt RESOURCES LIMITED
Slide 17: Binneringie Project
Binneringie Project For personal use only • Analogue of Great Dyke of Zimbabwe • An under-explored and poorly mapped 580km long differentiated dyke cutting across the Yilgarn Craton • Exploration on eastern end of dyke found evidence of Ni, Cu and PGE mineralisation • Over 4,000km2 of exploration te
Slide 18: Binneringie Model
Binneringie Model For personal use only RESOURCES LIMITED Tà{xÇt RESOURCES LIMITED
Slide 19: Ashburton Project
Ashburton Project For personal use only Orogenic Au and Cu deposits are typically associated with antiforms, regional shears, and granite intrusions in sedimentary basins. • High-grade mesothermal vein hosted Ag-Pb and/or Zn/Cu mineralisation. • “Pine Creek” style stockwork and sheeted vein hosted A
Slide 20: Ashburton cont.
Ashburton cont. For personal use only RESOURCES LIMITED Tà{xÇt RESOURCES LIMITED
Slide 21: Ashburton cont.
Ashburton cont. For personal use only • Area identified from regional geophysics • Historic lead and silver mining with no record or sign of modern exploration • Mineralisation correlates with SE & NW trending linear features • 970km2 of tenements, including one granted mining lease and three explor
Slide 22: Ashburton cont.
Ashburton cont. For personal use only RESOURCES LIMITED Tà{xÇt RESOURCES LIMITED
Slide 23: Financials
Financials For personal use only • Cash Position Cash at 30 June 2007 $1.3 million • Exploration Budget 12 Months to June 2008 Project Ravensthorpe Ashburton Total Generation Geophysical Data 75,000 50,000 70,000 $195,000 Drilling 550,000 200,000 $750,000 Assaying 75,000 25,000 $100,000 Metallurgica
Slide 24: Summary
Summary For personal use only • Athena has significant land holdings in four under-explored regions of Western Australia • None of these areas has been subjected to rigorous modern systematic exploration • Examples of target commodities and styles of mineralisation have been identified at all RESOUR