Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Shareholder Meeting (November 2011)
28 slides from Zenith Minerals's shareholder meeting presentation, Nov 24, 2011
Slide 1: ASX cover letter for AGM presentation
For personal use only 24 November 2011 ASX Operations Announcement Office Level 10, 20 Bond Street SYDNEY NSW 2000 Electronic Lodgement Dear Sir/Madam, PRESENTATION TO BE MADE TO SHAREHOLDERS AT AGM Please find attached for release to market a copy of the presentation to be delivered by Zenith Miner
Slide 2: Annual General Meeting - Managing Director's Presentation
Zenith For personal use only Minerals Limited ABN 96 119 397 938 Annual General Meeting 24 November 2011 Managing Director’s Presentation
Slide 3: Disclaimer
Disclaimer For personal use only Forward looking statements Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements inclu
Slide 4: Zenith Minerals Limited
Zenith Minerals Limited For personal use only ASX code: ZNC Issued shares: 81.31 million Share price Nov 2010 to Nov 2011 Market Cap: A$33.7m undiluted* Options: 1.05 million unlisted** Cash Sept 2011: A$2.75m Investments $210,000 https://onlineinvesting.westpac.com.au/Private/MarketPrices/Charts/ M
Slide 5: Corporate events 2010-2011
Zenith Minerals Limited For personal use only Corporate events 2010-2011 Name change from Zinc Co Australia Limited effective 16 December 2011 Capital raising announced March 2011 raised $3.1 million through a share placement at $0.42 cents per share, comprising 7,440,000 shares to Australian and ov
Slide 6: Projects Overview - Year to Nov 2011
Projects Overview – Year to Nov 2011 For personal use only IRON – Mt Alexander (ZNC 100%) • Announced JORC Inferred Resource 393 Mt @ 29.5% Fe • Scoping study completed on 8Mtpa production • Exploration Target* increased to 0.75Bt to 1.43Bt • Pre feasibility study components initiated – environment,
Slide 7: Mount Alexander Project Location
Mount Alexander For personal use only Project Location Owned 100% Zenith Well located close to infrastructure – sealed roads, gas pipelines, 120km from coast at Onslow Proposed West Pilbara Project rail and Anketell port – API have publicly indicated 3rd party access can be negotiated
Slide 8: Mount Alexander resource model
Mount Alexander For personal use only Mt Alexander resource model (looking north east) Exploration Target* (red) – interpreted from surface geology mapping, sampling. JORC Inferred Resource (yellow) - estimated from drilling and the surface map. Results from drilling support subsurface interpretatio
Slide 9: Mount Alexander
Mount Alexander For personal use only Mount Alexander (looking south west) Mount Alexander West m 1k 4. Inferred Resource Iron Formation continues north east Exploration Target
Slide 10: Location of project resources and mineralisation
Mount Alexander For personal use only Location of project resources and mineralisation Mt Alexander Exploration Target* (2010) 0.6 to1.2 Bt at 25% to 35% Fe Inferred Resource (this year) 393 Mt @ 29.5% Fe (contained within Exploration Target volume) Mt Alexander West Exploration Target* (this year)
Slide 11: Scoping Study - announced May 2011
Mount Alexander For personal use only Scoping Study* – announced May 2011 Preliminary identification of a development plan and potential costs Base case selected: • Production of 8Mtpa concentrate at 68.6% Fe • Transport concentrate to Onslow by slurry pipeline, de-water at Onslow • Transport concen
Slide 12: Pre-feasibility study
Mount Alexander For personal use only Pre-feasibility study: Work has commenced on elements of a pre-feasibility study for a magnetite project at Mount Alexander Environmental A plan is in place to complete by December 2012 all field studies required for an Environmental Impact Assessment at the min
Slide 13: Project development plan 2012
Mount Alexander For personal use only Project development plan 2012: Continue with elements of a pre-feasibility study: •Complete environmental field studies required for an Environmental Impact Assessment for mine and concentrator •Commence exploration for a bore field for process water (subject to
Slide 14: Earaheedy
Earaheedy For personal use only Zenith100% owned project Earaheedy Project originally acquired for zinc Zenith recognised manganese potential of the west Earaheedy Basin in 2010 Zenith first mover, strong land position Exploration target is a deposit of shallow high grade manganese oxide First drill
Slide 15: Lockeridge drilling 2010 - cross section
Earaheedy For personal use only Lockeridge drilling 2010 – cross section Mineralisation 1.6m @ 42.9% Mn occurs in a stratigraphic unit extending 1.2km down dip and along strike for 1.6 km. - not limited by drilling to date.
Slide 16: Lockeridge drilling 2010 - cross section
Earaheedy For personal use only Lockeridge drilling 2010 – cross section 1.6m @ 42.9% Mn Primary mineralisation is carbonate Carbonate mineralisation is enriched near surface to high grade oxide - this is the current exploration target
Slide 17: Western Earaheedy Basin manganese
Earaheedy For personal use only Western Earaheedy Basin manganese – Zenith activity New Zenith tenements granted March 2011 Helicopter prospecting May 2011 - located two new high grade manganese oxide prospects at Red Lake and Blue Line in new tenements Zenith manganese prospect Regional scale of Ot
Slide 18: Black and Blue Prospect
Earaheedy For personal use only Black and Blue Prospect Drilling in progress Minimum program 1,100 metres RC
Slide 19: Red Lake Prospect
Earaheedy For personal use only Red Lake Prospect Drilling in progress Minimum program 2,000 metres RC Aeromagnetic image Haematite target - C Manganese target – A, B Manganese outcrop at “A”
Slide 20: Earaheedy project development plan 2012
Earaheedy For personal use only Project development plan 2012: Follow up results of Red Lake and Black and Blue drilling Prospecting and drill target definition in tenements not yet granted Drill testing of the targets so defined and of the Blue Line prospect Assess potential for primary manganese c
Slide 21: Snake Well JV
Snake Well JV For personal use only Joint Venture with Atlas Iron Zenith can earn up to 75% Atlas retains certain gold rights Located in Archaean Tallering Greenstone belt Exploration target is high unit value volcanic hosted massive sulphide (VHMS) deposit. Examples include Golden Grove, Jaguar, Do
Slide 22: Snake Well JV
Snake Well JV For personal use only 50 strike kilometres of prospective volcanics Predominantly under shallow cover Two VHMS prospects at A Zone, Conquistador VHMS deposits commonly occur in clusters Potential new VHMS occurrence at Kerbar – discovered 2010
Slide 23: Snake Well JV - Kerbar Prospect
Snake Well JV For personal use only • Previous drilling at Kerbar Prospect Conquistador shows that chargeability anomaly is a response to VHMS footwall style alteration •Kerbar located within a 2.6km long chargeability anomaly • RAB at Kerbar in 2010 and 2011 intersected gossanous iron oxide after s
Slide 24: Kerbar Prospect - diamond drilling
Snake Well JV For personal use only Kerbar Prospect – diamond drilling (July 2011) 20,000E 20,200E Two diamond holes drilled to test the Kerbar alteration zone. Both holes intersected thick sericite pyrite alteration with anomalous copper and zinc geochemistry – typical of VHMS deposit foot wall Gro
Slide 25: Ground EM in progress
Snake Well JV For personal use only Ground EM in progress Kerbar FLEM to locate massive sulphide within alteration zone – in progress Six Mile FLEM over chargeability anomaly – completed, no anomaly detected A Zone MLEM along the A Zone stratigraphic position – infill CRAE 600m spaced Sirotem Constr
Slide 26: Snake Well project development plan 2012
Snake Well JV For personal use only Project development plan 2012: Evaluate results of current ground EM surveys and drill test anomalies attributed to a massive base metal sulphide source. RAB and ground EM over 3.2 strike km of untested chargeability anomalies
Slide 27: Program for 2012 - Summary
Program for 2012 - Summary For personal use only IRON – Mt Alexander • Continue with elements of pre-feasibility study • Continue to assess export infrastructure options • Resource drilling • Metallurgical test work MANGANESE – Earaheedy • Follow up results of current drilling • Drill testing of new
Slide 28: Zenith Minerals Limited contact details
Zenith Minerals Limited For personal use only Registered office: Postal address: Level 3, 33 Ord St PO Box 1426 West Perth West Perth WA 6005 WA 6872 Telephone +61 8 9226 1110 Fax +61 8 9321 0070 Email info@zenithminerals.com.au Website www.zenithminerals.com.au Australian Securities ZNC Exchange Co
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