Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Shareholder Meeting (November 2011)
14 slides from Pls's shareholder meeting presentation, Nov 23, 2011
Slide 1: Annual General Meeting - Exploration Update
For personal use only ANNUAL GENERAL MEETING 23 NOVEMBER 2011 EXPLORATION UPDATE
Slide 2: Disclaimer
For personal use only DISCLAIMER This presentation has been prepared by Pilbara Minerals Limited (“Pilbara Minerals or PLS”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this presentation has been derived from third
Slide 3: West Pilbara Base Metals & Gold Exploration
WEST PILBARA For personal use only WEST PILBARA BASE METALS & GOLD EXPLORATION: • 12 current Exploration Licences – c. 1,200 sq km • 1 EL application – c. 50 sq km - recommended for grant • Archaean granite & greenstone belts, most below Fortescue Group • Targets T g t - “blind” “bli d” sulphide l h
Slide 4: Region: exploration licences and VTEM anomalies over regional geology
WEST PILBARA For personal use only WEST PILBARA REGION Pilbara Minerals exploration licences, potential exclusions, mineral occurrences & VTEM anomalies (over regional geology)
Slide 5: Aerial Geophysical Surveys
For personal use only AERIAL GEOPHYSICAL SURVEYS • VTEM & aeromagnetics flown July-August 2010 • Preliminary VTEM interpretations Sept - Oct2010 • 50+ anomalies identified (three Classes) • Regional aeromagnetic compilation Oct – Nov 2010 • Final VTEM processing received Jan 2011 • Eight (8) Class 1
Slide 6: Region: exploration licences and VTEM anomalies over regional magnetics
WEST PILBARA For personal use only WEST PILBARA REGION Pilbara Mi Pilb Minerals l exploration l ti lilicences, potential t ti l exclusions, l i mineral i l occurrences & VTEM anomalies (over regional magnetics)
Slide 7: Ground Geophysics & Geology
WEST PILBARA For personal use only GROUND GEOPHYSICS & GEOLOGY • Four (4) Class 1 Anomalies surveyed with Ground EM - May 2011 • Extreme rainy season delayed field work • Two (2) conductive targets confirmed in EL47/1097 • PMVA1 – conductor at 400m (sub-horizontal) • PMVA 2– conductor at 175-300m (d
Slide 8: Exploration Licence 47/1097 South
WEST PILBARA For personal use only EXPLORATION LICENCE 47/1097 SOUTH VTEM anomalies & ground EM loops (over regional geology and magnetics)
Slide 9: Exploration Licence 47/1097 South
For personal use only EXPLORATION LICENCE 47/1097 SOUTH Vi southeast View th t over PMVA 2 (f (foreground) d) across F Fortescue t Ri River to PMVA 4 (background hills)
Slide 10: Exploration Licence 47/1097 South - VTEM Anomaly PMVA
For personal use only EXPLORATION LICENCE 47/1097 SOUTH VTEM ANOMALY PMVA 4 View southwest across carbonated ca bo ated Archaean c aea ultramafic ut a a c (foreground) toward overlying horizontal Fortescue Group basalts
Slide 11: Cooya Pooya Dolerite Sill in E47/1093
WEST PILBARA For personal use only Cooya Pooya C P D l it Sill iin E47/1093 Dolerite (foreground now Lake Poongkaliyarra
Slide 12: Exploration Issues
WEST PILBARA For personal use only WEST PILBARA EXPLORATION ISSUES : • Technical downgrading of VTEM anomalies • SPM effects • Conductivity of Fortescue Group basal units • Few viable remaining Archaean VTEM targets • Physically difficult access • National Park encroachments • Native Title Access Ag
Slide 13: Corporate Responses
WEST PILBARA For personal use only CORPORATE RESPONSES: RESPONSES • Generate massive sulphide targets in Fortescue intrusives • Preliminary geological & geochemical evidence • Global analogues • Build on major aerial geophysical database • Seeking farm out & joint venture • Seek out & evaluate new p
Slide 14: End of Presentation
WEST PILBARA For personal use only END OF PRESENTATION Thank you for your attention
Pilbara Minerals — Shareholder Meeting (November 2011) on 6ix