Altoro Metals Limited · ASX:ARO
Altoro Metals — PlatSearch NL — Shareholder Meeting (November 2013)
20 slides from Altoro Metals's shareholder meeting presentation, Nov 28, 2013
Slide 1: PlatSearch AGM Presentation
L PlatSearch RESENTATIO —— i ae, ee 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: Strategy and Focus
Strategy and Focus Strategy Secure advanced assets within stable, low risk environments Australian Assets Investments Project Focus • 15 ELs • 5 ASX listed companies • Number of countries • All in joint venture • Cash return – $14.4M / projects assessed • $704K spent by last 3 years Africa parties l
Slide 4: Australian Exploration Activities
Australian Exploration Activities JV partners spent $0.7 million (vs. $3.0 million last year) Expenditure mainly into three areas – 1. Mundi Plains/Junction Dam 2. Achilles 3. Ghostrider JV expenditures minimal for other projects No interest for grass-roots joint ventures PlatSearch has re
Slide 5: Investments
Investments Value of investments declined due to poor market But valuable portfolio remaining No. shares PTS Ownership Price ($/s) Value or options % of issued shares As of 18/11/13 $ Eastern Iron Limited shares (EFE) 52,500,000 45.8% $ 0.04 $ 2,257,500 WPG Resources shares (WPG) 10,407,837 4.0%
Slide 6: Eastern Iron Limited
Eastern Iron Limited Nowa Nowa Iron Project
Slide 7: Eastern Iron – Nowa Nowa
Eastern Iron – Nowa Nowa Close to road, rail and port Simple geometry, close to surface, well defined JORC resource of 9.6Mt at 49.8% Fe, still open Feasibility study almost complete – targeting 0.8Mt pa Minimal beneficiation required – dry LIMS, 1-10mm Low capital cost - targeting <$50
Slide 8: Eastern Iron – Nowa Nowa
Eastern Iron – Nowa Nowa Eastern Iron poised for a valuation re-rating as the Nowa Nowa Project moves to completion of Feasibility Study, to Production. $EV/Ann Tonne Prodn EFE 5.7 WDR 104.3 BCI 121.3 Northern Iron 53.8 FMG 347.5 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0
Slide 9: Silver City Minerals - Sellheim
Silver City Minerals - Sellheim
Slide 10: Silver City Minerals - Sellheim
Silver City Minerals - Sellheim Large and strong chargeability anomalies Mineralised intrusives are likely source Beneath veins containing high grade supergene gold
Slide 11: PlatSearch French Overview
PlatSearch French Overview 3 years of work EU subsidiary - Variscan Mines Strong French team and the most complete database for western Europe Advanced Cu-Pb-Zn, Au, Sn and W projects identified 8 Applications Recent approval of Tennie exploration licence Exploration commenced – excell
Slide 12: Establish Operations in France
Establish Operations in France WHY FRANCE? Strong mineral endowment Uranium - formerly one of Europe’s largest producers, Gold – Salsigne and Limoges region, Tin - Abbaretz – similarities to Cornwall, Copper-lead-zinc – numerous MVT, Sedex and VMS deposits Excellent prospectivity – no exploratio
Slide 13: Significant Deposits in Europe
Significant Deposits in Europe PlatSearch Focus Strong Mineral Endowment
Slide 14: French Mineral Resources Sector
French Mineral Resources Sector CHARACTERISTICS Two highly prospective mineral regions No new exploration licences for >20 years No mines ‘Bankable’ mining laws 2 year application period for licences Overt Government support to reactivate mining sector – Montebourg mission Private sect
Slide 15: French Initiative
French Initiative WORK TO DATE Database compilation (3.5tB) Geological / targeting studies Opportunity definition - quality, advanced assets Experienced French team hired, office in Orleans 2011 - acquisition work commenced ERAMET MOU Eight exploration licence applications Tennie app
Slide 16: Tennie Exploration Licence
Tennie Exploration Licence Granted June 2013 - first in France for +20 years 205 square kilometres around Rouez Cu-Au, Pb-Zn-Ag deposit PER conditions similar to ELs in Australia o 5+5 year term o Expenditure determined by PTS o Rights to convert to extraction licence
Slide 17: Tennie Geology
Tennie Geology Exploring for Rouez equivalent Large Cu-Au-Pb-Zn deposits SEDEX-hybrid VMS Iberian Pyrite Belt equivalent Hosted by Brioverian sediments Thin veneer of wind blown loess hides deposits Very underexplored region Shallow auger soil programme commenced
Slide 18: Other PER applications
Other PER applications Seven other applications in process Three have advanced significantly Two in final stages Old tin and gold mining districts Strong local support Successful approvals anticipated Four other applications cover tungsten, gold and VMS targets (old mines) PERs Prefect
Slide 19: Plan - 2014
Plan - 2014 Exploration Acquisitions Corporate Complete laboratory 2-3 PER approvals? Carefully manage cash establishment Progress other 4 Rebadge / promote Tennie work applications company activities Field work and 1-2 new applications Additional capital for drilling? at 2-3 other
Slide 20: Strategy and Progress
Strategy and Progress Strategy Secure advanced assets within stable, low risk environments Progress Secure short term funding Identify new regions and complete project targeting work – Europe centric Build team, secure crucial people Obtain first assets (France) and commence exploration Re