Australian Mines Limited · ASX:AUZ
Australian Mines — African Mining Indaba 2013
15 slides from Australian Mines's conference presentation, Feb 1, 2013
Slide 1: Nigeria: The Future of West African Gold
For personal use only Nigeria The Future of West African Gold
Slide 2: Company Overview
Company Overview For personal use only • Targeting gold deposits within Nigeria’s northwest gold fields • Nigeria – a long history of gold production and part of the West African gold province • Expansive 100% owned tenement portfolio exceeding 2,500 km2 • Gold mineralisation confirmed within Compan
Slide 3: Re-emergence of Nigeria's Gold Sector
Re-emergence of Nigeria’s Gold Sector For personal use only • Long history of gold production across Nigeria • Similar style of mineralisation as neighbouring West African gold producing countries • Success as an international oil producer has suppressed Nigeria's mineral exploration since1950’s • G
Slide 4: First Mover Advantage
First Mover Advantage For personal use only • Modern Mineral and Mining Act legislated by Nigeria in 2007 • Enabled AUZ to be a first mover in an emerging gold region • Entire tenement portfolio 100% AUZ • Strong Federal, State and Local government support • Transparent legal system • Similar corpor
Slide 5: Key Project Areas
Key Project Areas For personal use only • Targeting shear-hosted gold across Nigeria’s northwest gold fields • Three highly prospective projects Yargarma Kasele Tegina • Four priority target zones currently being drill tested
Slide 6: Yargarma: Three 'high priority' gold targets
Yargarma: Three ‘high priority’ gold targets For personal use only • 350 kilometres northwest of Abuja • Three ‘high priority’ gold target zones verified by independent Australian geoscientists • Numerous active gold workings • Rock chip assays confirm project’s gold potential: 9.83 g/t gold 7.73
Slide 7: Yargarma: Maiden drill program recently completed
Yargarma: Maiden drill program recently completed For personal use only • Eight-hole maiden diamond core drilling program completed on 29th January 2013 • Initially testing two target zones (S-01 & S-03) • Program design to increase AUZ’s understanding of geological setting • Core presently being lo
Slide 8: Kasele: Four priority target zones identified
Kasele: Four priority target zones identified For personal use only • 300 kilometres northwest of Abuja • Four priority gold & base metal targets identified within project area • Artisanal workings present at priority targets • Rock chip assays from targets included: 65.0 g/t gold 7.1 g/t gold
Slide 9: Kasele: Maiden drill program in progress
Kasele: Maiden drill program in progress For personal use only • Four-hole diamond core drill program commenced 1st February 2013 • Testing two priority targets Includes a sizable artisanal working • Drilling scheduled to be completed by early March • Assay results expected by late May • Follow-up
Slide 10: Tegina
Tegina For personal use only • 130 kilometres northwest of Abuja • Ranked “highly prospective” by SRK Consulting study • Gold & base metal potential • Artisanal gold workings present within project area • 15 kilometre long target zone • First-pass geochemical sampling program planned for March/April
Slide 11: Experienced Board of Directors
Experienced Board of Directors For personal use only Non Executive Chairman • Qualified Lawyer with over 25 years’ experience as a corporate advisor Michael Ramsden • Chairman of Lowell Capital Limited - the responsible entity for a small cap resource fund • Managing Director of Terrain Capital and
Slide 12: Capital Structure: fully-funded to mid-2014
Capital Structure: fully-funded to mid-2014 For personal use only ASX Code AUZ Share price 3.0 cents Fully paid Ordinary Shares 666.9 million Options (4 cents expiring 30 June 2013) 59.5 million Unlisted Options (2 -12 cents expiring November 2014) 54.7 million Market Capitalisation 20.0 million Cas
Slide 13: Summary
Summary For personal use only • First mover advantage in emerging West African gold province • Large tenement package • Strong government support • Potential for multiple deposits • Gold workings within AUZ projects • Fully-funded program to mid-2014 • Drill testing of four priority targets currentl
Slide 14: For more information, please contact
For more information, please contact For personal use only Australian Mines Limited Level 1, 83 Havelock Street West Perth 6005 Western Australia Benjamin Bell Managing Director Phone: +61 8 9481 5811 Mobile:+61 467 770 016 Email: bbell@australianmines.com.au Or visit www.australianmines.com.au
Slide 15: Disclaimer Notice
Disclaimer Notice For personal use only Competent Person’s Statement Information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Benjamin Bell who is a member of the Australian Institute of Geoscientists and the Managing Direc