Element 25 Limited · ASX:E25
Element 25 — Montezuma Mining Company — Shareholder Meeting (November 2010)
28 slides from Element 25's shareholder meeting presentation, November 2010
Slide 1: 2010 AGM Update
2010 AGM Update November 2010 MANGANESE Butcherbird Project continues to show potential for large tonnage beneficiable manganese mineralisation COPPER High grade mineralisation intersected in maiden programme at Butcherbird GOLD High quality gold asset, with cash available to ramp up exploration and
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Montezuma Mining Company Ltd and its associated entities (“Montezuma") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Montezuma’s projects, may rely on vari
Slide 3: Corporate Snapshot (listed 9 November 2006)
Corporate Snapshot (listed 9 November 2006) ! Board of Directors ! Structure " Denis O’Meara (Chairman) " Shares: 42.63M " Justin Brown (Managing Director) " Options (20c): 20.90M " John Ribbons (Non-executive Director) " Options (35c): 6.05M " Cash: $5.1M (approx) " Market Cap (45c): $19.18M ! Shar
Slide 4: Share Register - Top 20
Share Register - Top 20 Number Holder Name No. Shares Percentage 1 SOUTH BOULDER MINES LTD 3,975,000 9.39% 3 MR PAUL HARTLEY WATTS 2,665,000 6.30% 4 DUKETON CONSOLIDATED LTD 2,550,000 5.32% 2 ALPHA BOXER LTD 2,690,000 4.58% 6 AVANIA NOMINEES PTY LTD 1,806,415 4.27% 5 MANDIES MEATS PTY LTD 2,493,520
Slide 5: Butcherbird Project
Butcherbird Project " Excellent manganese and copper potential. " Excellent infrastructure: straddles the main highway and gas pipeline. " Approximately 500km to Port Headland. " Maiden recon. Drilling has confirmed manganese and copper potential. " Active exploration ongoing. " A potential “Company
Slide 6: Why Manganese?
Why Manganese? ! Critical in modern steel-making. No satisfactory substitute. ! While manganese is abundant globally, high-grade manganese is not. ! Global high-grade manganese sector is dominated by just a handful of players. ! Only three established manganese mines in Australia. ! New sources of s
Slide 7: Drilling Results
Drilling Results ! Two RC drilling campaigns completed. ! Six key target areas defined with significant tonnage potential at mineable thicknesses. ! Mineralised material comprises high grade lump within clay/shale unmineralised waste. ! First pass DMS test work confirms the material can be upgraded
Slide 8: Reconnaissance drilling completed at eight priority targets
! Reconnaissance drilling completed at eight priority targets. ! Significant manganese intersected at seven of the eight.
Slide 9: Budgie Hill
Budgie Hill ligararie Ridge llgararie Hill Bindi Bindi Hill
Slide 10: Bindi Bindi Hill
Bindi Bindi Hill ! Thick zone of manganiferous material within a clay matrix ! Can be upgraded by screening, washing and DMS. ! Preliminary results yielded up to 34.5% Mn, not considered definitive. ! RC Drilling results include: 10BBRC028: 16m @ 12.50% Mn from surface 10BBRC054: 15m @ 11.61% Mn fro
Slide 11: Manganese grade map legend
" >14% Mn 10-14% Mn 5-10% Mn
Slide 12: Yanneri Ridge
Yanneri Ridge ! Highest density drilling to date - at least 2 km long and still open. ! Clearly defined manganese zone. ! DMS results up to 37.29% Mn (head grade 11.92% Mn) Exploration Target of 40-50 Mt @ 10-15% Mn It should be noted that the potential quantity and grade is conceptual in nature, th
Slide 13: Yanneri Ridge
Yanneri Ridge wor (uoness6b6exy jeoj9A XG) Ai Drillin >14% Mn 10-14% Mn. 5 6-10% Mn Ore (Mn)
Slide 14: Exploration target cautionary statement
It should be noted that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource, and that it is uncertain if further exploration will result in the determination of a Mineral Resource
Slide 15: Summary of Tonnage Potential
Summary of Tonnage Potential ! Large tonnage potential identified to date. ! Significant upside potential with further exploration drilling – all discoveries to date are open. It should be noted that the potential quantity and grade is conceptual in nature, that there has been insufficient explorati
Slide 16: Beneficiation Summary
Beneficiation Summary Head Grade (Mn%) Target >35% Mn Beneficiation Grade (Mn%) ! Encouraging preliminary results with commercial grades confirmed from multiple 5m composites. ! More definitive work to be conducted on diamond core scheduled for November 2010.
Slide 17: Contaminants
Contaminants Target >35% Mn Target >35% Mn ! Work to date preliminary but favourable. ! All key contaminants show negative relationships to Mn grade in beneficiated product. ! Improved beneficiation grades should further reduce contaminant Target >35% Mn levels.
Slide 18: Infill Drilling
BUDGIE HILL EXPLORATION TARGET 40-50 Mt @ 10-15% Infill Drilling ! Approximately 9,000m planned ILGARARIE RIDGE and has commenced. ! Comprises a resource drillout at Budgie Hill and Yanneri Ridge ! Also includes step out drilling at Ilgararie Ridge and Ilgararie Hill to confirm tonnage potential. IL
Slide 19: Strategy Going Forward
Strategy Going Forward ! Confirm the best candidate for early production from list of known mineralised areas (probably Yanneri Ridge). ! Complete the drill out of a maiden resource which will form the basis for early development (has comenced). ! Apply for mining leases and commence approvals proce
Slide 20: Strategic Timetable
ee Sis ccx cr ws Strategic Timetable Task October | November| December] January | February | March EM Survey RC Drilling DD Drilling Detailed Met Tests JORC Resource MLA Applications Scoping Study
Slide 21: Next Phase of Work
§Next-Phase of Work Me PF Budgie Hill ligarane Ridge ligararie Hill Bindi Bindi Hill
Slide 22: Butcher Bird Copper Mine
Butcher Bird Copper Mine ! Approximately 4km known strike potential. ! Primary copper sulphide identified in thin section. ! Previous source of high grade oxide production. ! No known drilling to date.
Slide 23: Montezuma Mining Company Ltd
MONTEZUMA MINING COMPANY LTD Silicified host rock and breccia clasts.
Slide 24: High Grade Copper Confirmed
High Grade Copper Confirmed ! Five holes completed for 470m in maiden programme. ! Results include: 10BBC01: 4m @ 6.97% Cu, 566ppm Co 10BBC05: 4m @ 1.52% Cu, 140ppm Co ! Strong associated cobalt, lead and zinc mineralised halo. ! Shear hosted polymetallic deposit. ! 4 kilometre strike potential base
Slide 25: Exploration Focus – 2010/2011
Exploration Focus – 2010/2011 " Butcher Bird Manganese ! Confirm the highest priority target area. ! Drill out maiden resource. ! Complete further beneficiation test work. ! Commence mine studies including work required for approvals and mining lease applications. ! Subject to outcomes of the above,
Slide 26: Maturing Investments
Maturing Investments ! Mt Padbury Iron Ore Sale " Royalties payable on production going forward ! Auvex Resources Limited " 7.5M shares held in Auvex (approximately 5.6% fully diluted) " $1M realised to date through partial sale of 2.5M shares @ $0.40 ! Buxton Resources " 3M fully paid shares held !
Slide 27: Summary
Summary ! Large bulk tonnages of beneficiable manganese material. ! Potential for high grade DSO discoveries. ! Favourable infrastructure and location. ! Subject to scoping and feasibility studies, potential to fast- track to production. ! Significant cash to continue an accelerated 2010/2011 drilli
Slide 28: Contact Details
Contact Details ! Please direct queries to: Justin Brown (Managing Director) Mobile: +61 438 745 675 Email: info@montezumamining.com.au ! Website: http://www.montezumamining.com.au
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