Australian Mines Limited · ASX:AUZ
Australian Mines — Investor Presentation (July 2009)
15 slides from Australian Mines's investor presentation, Jul 10, 2009
Slide 1: Recapitalisation and Gold Prospects
STRICTLY PRIVATE & CONFIDENTIAL For personal use only Australian Mines Limited Recapitalisation and Gold Prospects July y 2009 Presented by Brett Young
Slide 2: AUZ Disclaimer
AUZ Disclaimer For personal use only • This Document (and the information contained herein) is confidential to Australian Mines Limited (“AUZ” or “the Company”). • This Document is not intended for and should not be distributed to any other person than as permitted herein. By receipt of the Document
Slide 3: AUZ Corporate Summary
AUZ Corporate Summary For personal use only • ASX CODE: AUZ Vol ('000) Share Price Performance and Volume Price ($) • Shares on Issue 456.8m 0 08 0.08 24,000 • Unlisted Options 8.7m 22,000 0.07 • Share Price (pre suspension) 2¢ 20,000 0.06 • 12 Month Share Price Range 1.9¢ - 6.9¢ 18,000 16,000 0 05
Slide 4: AUZ Company Overview
AUZ Company Overview For personal use only • Australian Mines Limited (“AUZ”) is a Perth based exploration company with projects in Western Australia prospective for gold and base metals metals. • AUZ, formerly West Musgrave Mining Limited, was first listed in September 2001 after raising $4.5 milli
Slide 5: AUZ Assets
AUZ Assets For personal use only Gold – Projects – Golden Ridge and East Location 45 – Prospects (5 priority targets) – The Woodline Area – Micks Hill area – Mt Martin Area – The Woolibar Fault Flexure – The Goldstar Area Nickel Projects • The Company also retains for the future some 28,000 tonnes o
Slide 6: AUZ Recapitalisation Strategy
AUZ Recapitalisation Strategy For personal use only AUZ’s recapitalisation strategy will incorporate the following: Placement • An issue of 2,416,500,000 ordinary fully paid shares at 0.1 cents per share to sophisticated investor clients of Patersons to raise $2.4m before costs. • Subscribers will a
Slide 7: AUZ Capital Structure Post the Offers
AUZ Capital Structure Post the Offers For personal use only • Patersons has been appointed Lead Manager to the Rights Issue and Placement as well as Underwriter to the Rights Issue. • g The Placement and Rights Issue are interrelated where the Placement is conditional upon p the Rights g Issue raisi
Slide 8: AUZ Use of Funds
AUZ Use of Funds For personal use only Activities $ Gold Exploration 1,721,907 Statutory Debt 500,000 Costs of the Offers 475,738 Working Capital 345,000 Repayment of Director’s Loan 155,000 Total $3,197,645 8
Slide 9: AUZ Indicative Timetable
AUZ Indicative Timetable For personal use only Event 2009 Placement Issue and bookbuild with sophisticated investors 15 June Rights Issue Prospectus Lodged 24 June Notice sent to Shareholders 26 June Record Date 3 July Rights Issue Prospectus Dispatched to Shareholders 7 July Rights Issue Closing Da
Slide 10: AUZ Gold Focus
AUZ Gold Focus For personal use only • The Golden Ridge Project and East Location 45 total area of 223 kms2, four areas of gold exploration focus. – Golden Ridge In proximity to the Golden Ridge Mine which historically produced 250 250,000 000 ozs gold. gold – Mount Martin Mt Martin gold mine to the
Slide 11: AUZ Gold Focus cont'd
AUZ Gold Focus cont’d For personal use only Planned Exploration • Woodline - further drilling will be conducted to test for depth extensions to the existing resource. • Mick’s Hill - The current model suggests that the gold system may be plunging to the south under cover and this concept will be fur
Slide 12: AUZ Mt Martin Gold Mine
AUZ Mt Martin Gold Mine For personal use only • Mined intermittently between 1923 – 1997. 1997 • 221,000 ozs Au • Mt Martin currently has a Probable Ore Reserve of 370,000 tonnes at 1.8 grams/tonne for 21,000 ounces. • The total Indicated Resource is 4.5 million tonnes at 1.5 grams/tonne for 221,000
Slide 13: AUZ Gold Assets Summary
AUZ Gold Assets Summary For personal use only • AUZ’s tenement package includes a sizable exploration portfolio in a highly prospective gold region. There are several areas of known gold mineralisation adjacent to historical workings which represent valid exploration targets. There are also a number
Slide 14: AUZ Nickel Exploration
AUZ Nickel Exploration For personal use only Blair Mine itself retains g good exploration p p potential with Marriott’s Project j has an Indicated and Inferred Resource of Area 57 being an exceptionally good target 9,400 contained nickel metal tonnes. The Goodyear nickel project is located on East L
Slide 15: AUZ Summary
AUZ Summary For personal use only • AUZ is to emerge with zero debt and net cash of circa $1.8m at a time when there has been a resurgence in gold assets and gold shares. • The market capitalisation of $6 million (post transactions) appears moderate from a longer term perspective where the valuation