Terramin Australia Limited · ASX:TZN
Terramin Australia — Investor Presentation (June 2008)
29 slides from Terramin Australia's investor presentation, Jun 16, 2008
Slide 1: Terramin Australia Limited – Focused on Zinc
TERRAMIN AUSTRALIA LIMITED For personal use only Focused on Zinc Institution Presentation – Montreal, New York & Toronto June 2008
Slide 2: Important information
Important information For personal use only The information in this presentation is designed as an aid to a spoken explanation. It is not to be considered without that explanation. It is not intended to guide any investment decisions in Terramin Australia Ltd. The information is intended as a guide
Slide 3: Company fast facts
Company fast facts For personal use only Public company ASX All Ords listing 3,300 shareholders Shares on issue 100.3 million Options outstanding 13.2 million Convertible/redeemable Notes (Sempra) US$20.5 million Major shareholders Insiders 20 percent Institutions (domestic & international) 41 perce
Slide 4: Angas Zinc (100% interest)
Angas Zinc (100% interest) For personal use only Australia’s first mining belt 1845 Tenements total 1,160km2 Old mines typified by high grades and exploitation to shallow depth only 20 identified targets Process plant design not capacity constrained TERRAMIN AUSTRALIA LIMITED June 2008 SLI
Slide 5: Project key attributes
Project key attributes For personal use only SOUTH VENT NORTH RE Ati RAISE Surface BOX CUT Shallow orebody Hangingwall Shoot CROWN PILLAR IU DECLIN E AU Coarse grind sRRE Ati STR SLU Grid power SIR SAU sIRRE Ati TTR No fly-in fly-out TLU Garwood TIR Rankine Shoot Local equipment soRRE Ati
Slide 6: Process plant - 85% complete (Feb 08)
Process plant - 85% complete (Feb 08) For personal use only TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 6
Slide 7: Process plant – 94% complete (April 08)
Process plant – 94% complete (April 08) For personal use only TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 7
Slide 8: Concentrate handling system good to go
Concentrate handling system good to go For personal use only TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 8
Slide 9: Ore on the ROM pad (9 May 08)
Ore on the ROM pad (9 May 08) For personal use only TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 9
Slide 10: Next milestones
Next milestones For personal use only ETSA permanent power Completed First development ore to ROM pad Completed Process plant practical completion 16 June 2008 First stope ore to ROM pad July 2008 First concentrate shipment August 2008 TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 10
Slide 11: Angas life of mine production
Angas life of mine production For personal use only Ore milled Concentrate produced Tonnes (000) 2,247 - Lead copper PM (000t) 121 Grade (%Pb) 48 Grade (%Pb) 3.14 (%Cu) 3.6 (%Cu) 0.25 (g/t Ag) 433 (%Zn) 8.28 (g/t Au) 7 (g/t Ag) 33 (g/t Au) 0.5 - Zinc (000t) 307 Grade (%Zn) 52 Lead-copper concentrate
Slide 12: Menninnie Dam JV (24% interest)
Menninnie Dam JV (24% interest) For personal use only Zinifex $8m earn-in complete Menninnie Port Augusta EL3640 Tank EL3640 Whyalla Hill Menninnie Central resource Kimba Port Pirie 3.8Mt at 4.0%Zn, 3.2%Pb, 34g/t Ag (4 zones - sulphides only) Menninnie Port Lincoln Adelaide North 2008 JV budge
Slide 13: Oued Amizour - on the doorstep of Europe
Oued Amizour - For personal use only on the doorstep of Europe Algeria - major source of European energy Asturiana -worlds largest zinc refinery Oued Amizour Zinc Project Ghazaouet zinc refinery TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 13
Slide 14: Oued Amizour - infrastructure “pas de probleme”
Oued Amizour - infrastructure “pas de probleme” For personal use only TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 14
Slide 15: Tala Hamza - a significant deposit
Tala Hamza - a significant deposit For personal use only Hole Metres Pb+Zn% 21 281 4.1 7 231 4.9 13 215 6.7 11 210 5.0 5 202 8.1 20 197 10.2 10 183 7.2 Four rigs achieving 3,000+ metres per month TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 15
Slide 16: With high grades
With high grades For personal use only Hole Metres Zn+Pb% TH016 68 19.7 TH028 64 18.3 TH012 63 17.4 TH006 85 16.7 OA102 119 15.3 OA068 78 13.8 duplicate TH004 114 13.3 TH020 147 12.9 TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 16
Slide 17: Tala Hamza deposit 3D model
Tala Hamza deposit 3D model For personal use only TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 17
Slide 18: Tala Hamza - drilling out million tonnes for first production
Tala Hamza - drilling out 20 million tonnes for first production For personal use only Inferred Resource (May 07) - 55Mt at 5.0% Zn 1.2% Pb Only 4 Terramin holes New estimate (July 08) will benefit from 40 Terramin holes - better core recovery - greater penetration TERRAMIN AUSTRALIA LIMITED J
Slide 19: Adjacent and immediate targets
Adjacent and immediate targets For personal use only TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 19
Slide 20: Ait Ayad - possible repeat position
Ait Ayad - possible repeat position For personal use only TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 20
Slide 21: Metallurgy - a premium product
Metallurgy - a premium product For personal use only Three holes tested Primary grind P80 minus 53 microns regrind of both lead and zinc rougher concentrates bond rod mill work index 15.6kWhr/t Low contaminant zinc concentrate 53% Zn (4% Fe, <2% SiO2) at 90% recovery TERRAMIN AUSTRALIA L
Slide 22: Scoping study - February 2008
Scoping study - February 2008 For personal use only WorleyParsons/Golder Associates 2.0 Mtpa ore throughput Sub-level cave 6.3% zinc 1.9% lead 200 Mlbs per annum payable zinc metal Capital US$356M (incl. US$52M contingency) C1 zinc cash cost US 43c/lb Infrastructure advantage still t
Slide 23: Project study - going forwards
Project study - going forwards For personal use only Pre-feasibility priorities Examine ore throughput rates > 2Mtpa, including heavy media beneficiation Flowsheet optimisation of crushing/grinding circuit Investigate identified potential infrastructure savings of US$70M Underground geotec
Slide 24: Algeria – other opportunities
Algeria – other opportunities For personal use only Ain Bougda Terramin lead contender to develop Lead zinc deposit near Batna - town of 250,000 - 170km from Bejaia - linked by rail to Mediterranean ports Last drilled 1998 (16 diamond holes) by ORGM Large tonnage potential - concession ext
Slide 25: Competitively placed on cost curve
Competitively placed on cost curve For personal use only Angas benefits from precious metal credits, location and no fly-in fly-out Tala Hamza benefits from low power and wages costs and location TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 25
Slide 26: The case for zinc
The case for zinc For personal use only A zinc supply 10 RED crisis is DOGS looming over the next decade TERRAMIN AUSTRALIA LIMITED June 2008 SLIDE No. 26
Slide 27: Summary, and in perspective
Summary, and in perspective For personal use only SA based commercial and management team experienced in development, production and refining 4.6 billion lbs of attributable zinc in resources, average grade 5.2% (world average 4.2%) Mine comparative Metal in conc. (tpa) Angas 31,000 Tala Hamza (4.0
Slide 28: Company contacts
Company contacts For personal use only Kevin Moriarty +61 8 8213 1400 Executive Chairman (+61 408 173 157) David Paterson +61 8 8213 1434 Director (+61 417 823 654) Colin Jackson +61 8 8213 1405 Corporate (+61 400 892 612) Level 22, Westpac House 91 King William Street Adelaide, South Australia 5000
Slide 29: Terramin Australia Limited – Focused on Zinc
TERRAMIN AUSTRALIA LIMITED For personal use only Focused on Zinc Institution Presentation – Montreal, New York & Toronto June 2008
Terramin Australia — Investor Presentation (June 2008) on 6ix