Terramin Australia Limited · ASX:TZN
Terramin Australia — Shareholder Meeting (May 2009)
18 slides from Terramin Australia's shareholder meeting presentation, May 28, 2009
Slide 1: Focus on Zinc - a year of progress
TERRAMIN AUSTRALIA LIMITED For personal use only Focus on Zinc - a year of progress Dr Kevin Moriarty – Annual General Meeting May 2009
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 listing Shareholders 4,133 Shares on issue 138.1 million* Convertible/redeemable Notes USD20.5 M and AUD5.0 M Market Cap ~AUD90M Shareholders Insiders & long term 23.4% Institutions (Australian & international) 33.7% Corporates (Transamin
Slide 4: Our asset portfolio
Our asset portfolio For personal use only Angas Zinc Mine - South Australia (100%) in production since July 2008 Oued Amizour Project – Algeria (65%) at final feasibility stage Menninnie Dam – South Australia Menninnie Dam JV (24%), Nonning JV (farming in) advanced exploration on hold Attributable m
Slide 5: A year of progress
A year of progress For personal use only Angas mine brought into production On budget In full production Mine performing well No refinancing needed Repayments on debt concentrated in later years Tala Hamza Project Expanded mineral resource Initial mining reserve Prefeasibility financed and completed
Slide 6: Our strategic partners
Our strategic partners For personal use only Sempra US$20 million plus Offtake agreements for projects; Investec Loan facility for Angas construction; paid down to A$30m/54 months Transamine A private commodity trading company, specialising in raw materials Offices in sixteen countries ~ A$36 millio
Slide 7: Terramin Strategy
Terramin Strategy For personal use only Find and develop base metal mines in close proximity to infrastructure and with low capital and operating costs To grow the company by building on existing portfolio through focused exploration aggressively seeking to acquire base metal projects that meet loca
Slide 8: Why Zinc?
Why Zinc? For personal use only Mine closures and production cuts 1.1 Mt zinc metal reduction in 2009 (10% of world supply) [ILZSG] Many proposed projects unlikely to proceed High cost, difficult locations Lack of investment in exploration and development delay any future recovery in supply Zinc wel
Slide 9: Zinc: decades of supply driven prices - unsustainable
The case for zinc -- decades decades of of supply supply driven driven prices prices For personal use only -- unsustainable! unsustainable! TERRAMIN AUSTRALIA LIMITED May 2009 SLIDE No. 9
Slide 10: Zinc - Consumption
The case for zinc - Consumption For personal use only TERRAMIN AUSTRALIA LIMITED May 2009 SLIDE No. 10
Slide 11: Zinc - project shortage looms
The case for zinc – project project shortage shortage looms looms For personal use only TERRAMIN AUSTRALIA LIMITED May 2009 SLIDE No. 11
Slide 12: Terramin
The case for Terramin For personal use only TERRAMIN AUSTRALIA LIMITED May 2009 SLIDE No. 12
Slide 13: Zinc - supply shortage looms
The case for zinc – supply supply shortage shortage looms looms For personal use only Under investment in 1990’s means few projects in pipeline TERRAMIN AUSTRALIA LIMITED May 2009 SLIDE No. 13
Slide 14: Zinc - supply
The case for zinc - supply For personal use only A major zinc supply crisis was looming as old mines decline & 10 close in next few RED years DOGS! Will it be much worse now many new projects on hold, while old mines have closed early? TERRAMIN AUSTRALIA LIMITED May 2009 SLIDE No. 14
Slide 15: Possible zinc mine openings 2009 onwards
The case for zinc – supply supply shortage shortage looms looms For personal use only Possible zinc mine openings 2009 onwards (ILZSG) Mine Annual Cap Comments Oued-Amizour, Algeria ✔ 120,000t FS to be completed in 2009, production 2011, second stage expected to be >200,000 tonnes. Dugald River, Aus
Slide 16: Summary, and in perspective
Summary, and in perspective For personal use only Commercial & technical management team experienced in development, production and refining Differentiating factors - Angas: fixed grid power, logistics, precious metal credits - Tala Hamza: orebody widths, low cost power, infrastructure Mine comparat
Slide 17: Company contacts
Company contacts For personal use only Kevin Moriarty +61 8 8213 1415 Executive Chairman Level 22, Westpac House 91 King William Street Adelaide, South Australia 5000 (t) +61 8 8213 1415 (f) +61 8 8213 1416 TERRAMIN AUSTRALIA LIMITED May 2009 SLIDE No. 17
Slide 18: Focus on Zinc - a year of progress
TERRAMIN AUSTRALIA LIMITED For personal use only Focus on Zinc - a year of progress Dr Kevin Moriarty – Annual General Meeting May 2009