Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Shareholder Meeting (November 2012)
24 slides from Zenith Minerals's shareholder meeting presentation, Nov 20, 2012
Slide 1: Annual General Meeting – Managing Director's Presentation
Zenith For personal use only Minerals Limited ABN 96 119 397 938 Annual General Meeting 20 November 2012 Managing Director’s Presentation
Slide 2: 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 3: Zenith Minerals Limited
Zenith Minerals Limited For personal use only Share price Nov 2011 to Nov 2012 ASX code: ZNC Metals & Mining Index Issued shares: 81.31 million Zenith Market Cap: A$14.6m undiluted* Options: 100,000 unlisted** Cash Sept 2012: A$1.07m Major shareholders: Source: www.http://asx.com.au –19 Nov. 2012 HS
Slide 4: Corporate events 2012
Zenith Minerals Limited For personal use only Corporate events 2012 Appointment of Managing Director (October 2012) Capital raising announced 1st November 2012 •aimed at raising $2.04 million (before costs) through non-renounceable rights issue to existing shareholders •one for six existing fully pa
Slide 5: Projects Overview – Year to Nov 2012
Projects Overview – Year to Nov 2012 For personal use only IRON – Mt Alexander (ZNC 100%) •Exploration Target* 0.75 to 1.43Bt •Inferred Resource 393Mt @ 29.5% Fe •Pre feasibility study components undertaken •Environmental surveys, hydrological studies •Search for potential development partner MANGAN
Slide 6: Mount Alexander Project Location
Mount Alexander For personal use only Project Location Zenith 100% Close to infrastructure – sealed roads, gas pipelines, ~120km from coast at Onslow ~80km from proposed West Pilbara Project rail - potential access to Anketell port
Slide 7: Mt Alexander resource model
Mount Alexander For personal use only Mt Alexander resource model (looking north east) Magnetite in banded iron formation Exploration Target (red) •0.75-1.43Bt •based on drilling, geological mapping & surface sampling Inferred Resource (yellow) •estimated from drilling and surface mapping Zenith Min
Slide 8: Mount Alexander (looking south west)
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 9: Location of project resources and mineralisation
Mount Alexander For personal use only Location of project resources and mineralisation Exploration Target (total) 0.75 to 1.43 Bt* Mt Alexander Mt Alexander Exploration Target 0.6 to 1.2 Bt @ 25% to 35% Fe Mt Alexander West (includes; Inferred Resource 393 Mt @ 29.5% Fe) Mt Alexander West Exploratio
Slide 10: Scoping Study – completed 2011
Mount Alexander For personal use only Scoping Study* – completed 2011 Preliminary identification of a development plan and potential costs Base case: •Production of 8Mtpa concentrate at 68.6% Fe •Transport of concentrate • to Onslow by slurry pipeline, de-water at Onslow • by barge to offshore moori
Slide 11: Pre-feasibility study elements
Mount Alexander For personal use only Pre-feasibility study elements: Continued long lead time components of pre-feasibility study Environmental Studies •Leading environmental consultancy • Stage 1 fauna and flora studies completed • Stage 2 flora and fauna studies completed • No significant issues
Slide 12: Project development plan 2013
Mount Alexander For personal use only Project development plan 2013: Continue with infrastructure elements of a pre-feasibility study: •Exploration for a source of process water •Continue to assess export infrastructure options Resource drilling: • Undertake additional RC drilling of eastern Explora
Slide 13: Earaheedy Project
Earaheedy For personal use only Zenith100% Earaheedy Project originally acquired for zinc (potential remains untested) 2010 •Manganese potential of the west Earaheedy Basin recognised •Drilling completed at Lockeridge Prospect Exploration target is a deposit of shallow high grade manganese oxide Str
Slide 14: Western Earaheedy Basin manganese – Zenith activity
Earaheedy For personal use only Western Earaheedy Basin manganese – Zenith activity Manganese mineralisation occurs in a variety of stratigraphic positions within the Earaheedy basin 2010 Lockeridge drilling 2011 New high grade Mn oxide prospects identified 2012 Drilling completed •Black & Blue •Red
Slide 15: Lockeridge Prospect - cross section
Earaheedy For personal use only Lockeridge Prospect - cross section Mineralisation occurs as an extensive stratigraphic unit Drilled ~1200m down dip and 1.6m @ 42.9% Mn ~1600m strike extent (open) Intercepts include*: •12m @ 11.1% Mn from 28m • 3m @ 18.0% Mn from 37m * ASX 25th October 2010
Slide 16: Lockeridge Prospect - cross section
Earaheedy For personal use only Lockeridge Prospect - cross section 1.6m @ 42.9% Mn Primary mineralisation is a carbonate rock The carbonate is weathered and enriched near surface to form high grade manganese oxide
Slide 17: Black and Blue Prospect
Earaheedy For personal use only Black and Blue Prospect ~100km east of Lockeridge Prospect Mn oxide occurs over broad downhole intervals and extends ~300m down-dip Drill results include*: •31m @ 7.9% Mn from surface incl. 2m @ 17.1% Mn & 3m @ 14.3% Mn Carbonate precursor same as at Lockeridge (c.f.
Slide 18: Red Lake Prospect
Earaheedy For personal use only Red Lake Prospect Drilling completed May and November 2012 Initial programme returned DSO grade Mn including*: •5m @ 34.8% Mn from 22m incl. 3m @ 41.0% Mn •3m @ 30.7% Mn from 3m incl. 1m @ 40.2% Mn 10km Aeromagnetic image * ASX 14th June 2012
Slide 19: Red Lake Prospect
Earaheedy For personal use only Red Lake Prospect November 2012 drilling* visually confirms shallow flat- lying mineralisation Primary Mn-carbonate horizon not identified in deeper holes Different stratigraphic position. Possible structural control on high grade Mn mineralisation Analytical results
Slide 20: Dry Screening Testwork
Earaheedy For personal use only Dry ScreeningTestwork Potential for upgrading lower grade material Preliminary dry screening of 11 RC sample composites •+1.6mm size fraction •mass recovery 38% •Averaged grade raised from 26.9% to 38.1% Mn •Further bulk sampling planned for additional beneficiation t
Slide 21: Project development plan 2013: Manganese
Earaheedy For personal use only Project development plan 2013: Manganese •Follow up results of Red Lake drilling and drill test Christmas Bore target •Prospecting, target definition and drill testing in tenure not yet granted •Acquire bulk samples for additional beneficiation testwork
Slide 22: Project development plan 2013: Base metals
Earaheedy For personal use only Project development plan 2013: Base metals •Significant base metal province that includes the Magellan deposit (Ivernia: 16.2Mt @ 6.2% Pb) located to the west of ZNC tenure •Anomalous base metals identified in drilling within ZNC tenure for >20km strike •Examples of h
Slide 23: Programme Summary 2013
Programme Summary 2013 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 tar
Slide 24: Zenith Minerals Limited
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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