Australian Mines Limited · ASX:AUZ

Australian Mines — Investor Presentation (October 2003)

30 slides from Australian Mines's investor presentation, Oct 10, 2003

  1. Slide 1: Australian Mines Ltd

    : gyal ney, Australi ee Owl aise

  2. Slide 2: Australian Mines Ltd

  3. Slide 3: Musgrave Region / New Project or Corporate Opportunities

    - — ‘Musgrave Region 3. New Project or Corporate Opportunities ke “Near production opportunities preferred

  4. Slide 4: Company Milestones

    LMM NN NMA NN NN MMMM NN TN

  5. Slide 5: BHP Billiton Exploration Alliance

    @ (BHP Billiton) | $24 million (26 Sept wes 21 Mibs Ni (+ Cu, Co) resources - Value AS150: million (in situ) .

  6. Slide 6: Slide 6

  7. Slide 7: Musgrave Project Location

    WESTERN AUSTRALIA Wiluna Musgrave Project air Project a

  8. Slide 8: Nickel Projects in Western Australia

    10 Advance Ni Sulphide , Project 8 Ni Sulphide Mine j a Ni Sulphide Mine + Concentrator 4 a Ni Laterite Mine + Concentrator a Nickel Smelter a oo. ey a ea = oS as “4 NJ — aS . ee a 4 SS < oO ey, ye g y Z 6 2 ie Be Ye Hi be == SSeS = Se yawnmeucuny heal Le a spy ey, OPT ee TE, Le ee . Le Le es ee Cy

  9. Slide 9: Blair Project

    BLAIR PROJECT Australian Mines 100% Mt Martin oe ND : Celebration (Au) ee cane Hil we LEGEND \ w Gold Prospect % Nickel Prospect J o _ A0km Kamba * 100% owned * Excellent regional mine infrastructure - Skilled local workforce «Grid:power= ~Haul road ~Nearby treatment plant « No access issues

  10. Slide 10: Blair Mine History and Production

    * 26,000 Nit produced to date fro : 2-bodie under round 0089 , * Ore contained ine ao si . eee phan bodies to +850m dept AMD ;

  11. Slide 11: Area 57 Massive Sulphide Resource Target

    e ope ent ng Area 57 shoot It alu el (900m) low lowest lev ed Consistent down Oe is Ey level be lop g e.and.below.cu BI by en x P eve ri and width bov. ll (| Near a d Les i i i | | | . = - - - - | - = iy = - i : - | : = oo _— 3 ie Oo SERENE SNS a i s << Be eR So en SS a: co Aa a PO Se So oS Le i TON

  12. Slide 12: Long Projection

    Long Projection AREA 57 RESOURCE (80,000 @ 3.9% Ni incl, 54,000t @ 5.5% Ni) 200m fo surface ae. 2.6m @ 2.6% Ni Se * bad 7. 15m. 5.1% Ni ® 6 3.6m @ 6.2% Ni we em 1.5m @ 4.07% Ni OT . ® 265m @ 5.65% Ni LEGEND : - Down Plunge © Drill Hole intersection i Target : © Intersection Highlights Drilling i in

  13. Slide 13: Small Environmental Footprint

  14. Slide 14: Blair Resource Inventory

    Poteet ious iates ch 2 os aaa ae LUNN be Eset erst

  15. Slide 15: Blair Mine Decline Layout

  16. Slide 16: Flat-back Mining Method

    ~ Flat-baok mining method Ore Sales - ee

  17. Slide 17: Stage 1 Mine

    Mitsu ST isi

  18. Slide 18: Stage 2 Mine

  19. Slide 19: Area 57 Indicated Resource

    Area 5? Indicated Resource sapere oc

  20. Slide 20: Mining Blocks

    ‘Mining Biock 4 Mining Block 2 Area 57 Indicated Resource = Ming Block 3 Mining Block 4

  21. Slide 21: Slide 21

  22. Slide 22: Slide 22

  23. Slide 23: Commence Ore Production; Resource Targets

    ¢.quarter-2004:.Commence.ore.prod scti = Other targets. adj jacent. to decline. - Nt 0 ore surface | o Blair Project Resource Targets (within 10km)

  24. Slide 24: Exploration Upside

    CSOD I GOLDEN. RIDGE MINE (Gold). Exploration Upside. * Experienced team _.*.Large.technical.database. * Strong history of nickel discovery - nickel drill larget -dentified * Economic gold potential along strike from adjacent Golden Ridge gold mine - Granted mining leases

  25. Slide 25: Share Structure

    04 @ 20 cel ara Gan 31-Dec: 05 -@:20-cents: (unlisted)~ Exp 01 Feb. 06 @ 20 cents (unlisted), Top 10 10 shareholders hold 60% of shares 7

  26. Slide 26: Indicative Financing

  27. Slide 27: Daily Share Price Chart

    | 2003 <= — — (om <= _ = @® & (ab) Oo © (ox Daily WebLink Chart MLL ate Ine uta

  28. Slide 28: Market Capitalisation

    ion S 5 s ~ Market Cap : Pecoment Vendor lent: Current ~~ 29/8/03

  29. Slide 29: Lower Than Average Risk

    © Lower than average risk because: ~=Re=commissioning existing mi ec “~~ iste eligi

  30. Slide 30: Don Boyer — Managing Director

    Don Boyer — Managing Director ~ooleVel,1,.681,Murray.Street West.Perth.WA.6005 Australia. —" (PO Box 883, West Perth WA 6872) / Tel: +618 9481 5811. yo a ‘Fax: +618 9481 5611. . Email: _office@australianmines, com.au

Australian Mines — Investor Presentation (October 2003) on 6ix