Australian Mines Limited · ASX:AUZ
Australian Mines — Gold Symposium (October 2012)
15 slides from Australian Mines's conference presentation, Oct 22, 2012
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 mineralisation within Nigeria’s goldfields • Nigeria – a long history of gold production and part of the West African gold province • Expansive 100% owned tenement portfolio exceeding 2,500 km2 • Confirmed gold mineralisation within AUZ Nigeria
Slide 3: 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 4: Nigeria – an Emerging Economic Power
Nigeria – an Emerging Economic Power For personal use only • Second largest economy in Africa Gross Domestic Product of $238 billion in 2011 Highest average GDP growth in the world predicted for the next 40 years 5th largest economy in the world by 2050 (Citigroup, 2011) • Politically stable d
Slide 5: Typical West African Risk Profile
Typical West African Risk Profile For personal use only • Same risk profile as Burkina Faso, Brazil • Similar corporate tax rates and royalty system to Australia • No government partnership/ownership or BEE policies • Security of tenure Copyright: Control Risks Group Limited 2011. All rights reserve
Slide 6: 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 3.2 million ounces produced between 1933 & 1943 • Limited mineral exploration across Nigeria over the past 60 years Stems from country’s success as an international oil producer and expor
Slide 7: Key Project Areas
Key Project Areas For personal use only • Targeting shear-hosted gold across Nigeria’s northwest goldfields • Highly prospective projects Yargarma Kasele Tegina • All projects 100% AUZ • Numerous high priority targets being drill tested from next week
Slide 8: Yargarma
Yargarma For personal use only • 350 kilometres NW of Abuja • 9 kilometre long shear zone • Initial rock chips returned: 9.83 g/t gold 7.73 g/t gold 7.45 g/t gold 5.65 g/t gold • Multiple gold-in-soil anomalies coincident with shear zone • Numerous active artisanal workings • Maiden drill progra
Slide 9: Kasele
Kasele For personal use only • Located 300 kilometres NW of Abuja • Extensive artisanal workings present • Rock chips from shear included: 65.0 g/t gold 7.1 g/t gold 6.9 g/t gold • Significant gold-in-soil anomaly Assays exceeded 1 g/t (1,000 ppb) gold • Drill testing of priority targets com
Slide 10: Tegina
Tegina For personal use only • Located 130 kilometres northwest of Abuja • Artisanal workings recorded within project area • 38 kilometre strike length of shear zone • Detailed geochemical sampling programs commencing next quarter
Slide 11: Month Exploration Program
12 Month Exploration Program For personal use only
Slide 12: Capital Structure
Capital Structure For personal use only ASX Code AUZ Share price 1.9 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 12.6 million Cash $2.2 million (as at 16 O
Slide 13: Reasons to Invest in Australian Mines
Reasons to Invest in Australian Mines For personal use only • First mover advantage in emerging West African gold province • Large tenement package • Potential for multiple gold deposits • Gold workings within key projects • Experienced board leading established Nigerian-based team • Fully funded pr
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 www.australianmines.com.au Typical lands
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. Mr Bell is the Managi