Syrah Resources Limited · ASX:SYR
Syrah Resources — Shareholder Meeting (November 2009)
12 slides from Syrah Resources's shareholder meeting presentation, Nov 13, 2009
Slide 1: Syrah Resources Ltd AGM Presentation
For personal use only Syrah Resources Ltd AGM Presentation 13 November 2009 ,
Slide 2: Summary
For personal use only SUMMARY • Corporate Status • 2008/2009 - a year of transition • Australian exploration status • Saudi Arabia status • Forward path
Slide 3: Syrah – Corporate Status
For personal use only SYRAH – CORPORATE STATUS Shares on issue 30,000,005 Share price $0.235 Market capitalisation $7 05M $7.05M Cash at bank $1.47M Options: 2 2 M @ $0 2.25M $0.25 2 100k @ $0.20 1M @ $0.04 (subject to approval) Substantial Shareholders: Source: www.asx.com.au Copperstrike 30%
Slide 4: 2008-2009 Syrah Strategic Shift
For personal use only 2008-2009 SYRAH STRATEGIC SHIFT 2008 2009 • Reduce exposure to • Exploration of IPO high risk, expensive foundation Australian Australian exploration exploration assets assets – JV or relinquish • Advanced project search (Australia and • Conserve funds (GFC Turkey) driven) • Sa
Slide 5: Australian Exploration Status
For personal use only AUSTRALIAN EXPLORATION STATUS • Lyndhurst Joint Ventures with Zurich Resources Pty Ltd - White Lead exploration target of 0.75Mt - 1.5Mt at 0.6% - 0.8%Cu - Lyndhurst EL3522 – Zurich to spend $400k over 2 years to earn 50%, then complete feasibility study to earn 80% - Lyndhurst
Slide 6: Saudi Arabia Focus
For personal use only SAUDI ARABIA FOCUS • Stable government • Arabian Shield prospective for gold and base metals (Area = 780,000 km2) • Government strategy to develop mining industry • New mining code 2004 • o mineral No e a royalties, oya t es, 20% 0% corporate co po ate ta tax • Lightly explored
Slide 7: Precious & Base Metals Prospectivity – Arabian Shield Mineral Occurrences
For personal use only PRECIOUS & BASE METALS PROSPECTIVITY ARABIAN SHIELD MINERAL OCCURRENCES Source: www.sgs.org.sa Source: www.sgs.org.sa
Slide 8: Syrah Path into Saudi Arabia
For personal use only SYRAH PATH INTO SAUDI ARABIA • First Syrah investigation of Saudi Arabia in January 2009 • Syrah project generation study using historical exploration reports • Supporting project generation study by experienced consultant • Initial applications for Exploration Licences August
Slide 9: Syrah Project Generation Pathway
For personal use only SYRAH PROJECT GENERATION PATHWAY Phase 2 GIS/Aster Regional Targeting Outcome Phase 1 Outcome to date Next Steps Project Generation Project 11 Exploration Topography 5 Exploration Field Generation Licence Licence reconnaissance Study - Applications Geophysics Applications Revie
Slide 10: Syrah Saudi EL Applications
For personal use only SYRAH SAUDI EL APPLICATIONS Syrah applications cover: • Precious and base metal occurrences identified in previous exploration programs by USGS, BRGM and Saudi Geological Services. • In some numerous cases ancient workings are present and historical drilling by the USGS, BRGM a
Slide 11: Current Status
For personal use only CURRENT STATUS • 16 Exploration Licences submitted, 15 remain current • Formal written advice received from DMMR that 6 EL applications are being processed • Advanced discussions with potential Saudi partner • Utili i Utilising GIS d database t b to t develop d l new targets t
Slide 12: Thank You
For personal use only THANK YOU
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