Terrain Minerals Ltd · ASX:TMX
Terrain Minerals — Investor Presentation (February 2011)
29 slides from Terrain Minerals's investor presentation, February 2011
Slide 1: Terrain Minerals Presentation February 2011
ABN: 45 116 153 514 Terrain Minerals Presentation February 2011
Slide 2: Forward Looking Statements; Competent Persons Statement
FORWARD LOOKING STATEMENTS This presentation has been prepared by Terrain Minerals Ltd (“Terrain”) as a summary of the Company, its mineral assets and its plans to explore its tenements and for general information purposes only. This presentation contains material that can be construed as forward lo
Slide 3: Capital Structure
CAPITAL STRUCTURE Issued Shares (TMX): 171.2 m Issued Options Listed (TMXOA): 18.2 m U li t d Unlisted: 10 6 m 10.6 Share Price (31/01/11): 2.6c Market Cap: $4.5 m Cash 31/12/10: $0.63m $1.5m Con/Note secured. BOARD OF DIRECTORS Non executive Chairman: Dick Sandner Vice Chair: Jonathan Lim Paul Dick
Slide 4: Celtic Pit highlights and mine inventory
» Dewatering, cleanup, grade control drilling, block modelling, and pit redesign completed. » $1.5m convertible note drawn down. » Toll treatment agreement with Gold Fields Agnew Gold Mine. » New mine inventory of approximately 16 16,800 800 ounces at a 1 1.00 00 g/t gold cut‐ off. » New mine invent
Slide 5: Celtic Pit
Celtic Pit
Slide 6: Great Western scoping studies and mine extensions
» Mine Mi SScoping i Studies S di C Completed: l d Great Western Open Pit & Underground » Potential Mine Extensions: Great Western – underground, g , down dip/plunge p/p g Verified by independent geologist prospectivity analysis report
Slide 7: Great Western Deposit Proposed Mine Plan
AIN Great Western Deposit a Proposed Mine Plan TCOLD nepncir GOLD DEPOSIT VEFVoll rl | RA 30 (Longitudinal Section) SAA Open Cut 128,000t @ 2.70 git gold PROPOSED MINE PLAN Total 322,500t @ 5.14 g/t (53,0000z) | LEGEND . Q > 10 grammetres Underground Stopes (Stopes on parallel lodes not shown) OQ 5-
Slide 8: Great Western Prospect Section
INERALS Great Western Deposit @ 11.63g/t x Drilihole (Significant Intersection [__] Mineralised Zone scone EEK BUNDARRA PROJECT Great Western Prospect Section 1455mE
Slide 9: Great Western next steps
» Geotechnical Drilling » Resource Expansion Drilling » Permitting to be obtained – drilling/mining
Slide 10: Wonder North scoping studies and mine extensions
» Mine Scoping Studies Completed: Wonder North Open Pit & Underground » Potential Mine Extensions: Wonder North – underground, down dip/plunge Favourable structural setting on eastern end of deposit‐ possible “bonanza” location Verified byy independent p ggeologist g p prospectivity p y anal
Slide 11: Wonder North mining inventory
» “Small Pit” mining inventory = 449,000t at 2.56g/t gold 36,955 oz (1g/t gold lower cut‐off) » “Big Pit” mining inventory = 697,200t at 2.45g/t gold 54,918oz (1g/t gold lower cut‐off) » High grade (+3g/t gold) Indicated and Inferred Resource below current p pit = 621,600t , @ 4.8g/t g/ au – 96,000
Slide 12: Wonder North Deposit drilling section
Wonder North Deposit 4m @ 1.41 git Au 8m @ 1.24 git Au 4m @ 1.88 git Au 42m @ 2.12 git Au} 67m @ 2.15 git Au AR TERRAIN TERRAIN MINERALS LTD Bundarra Project Wonder North Exploration and I Grade Control Drilling - 9500mE I
Slide 13: JORC Resource 621,600t @ 4.8 g/t Au
JORC Resource 621,600t @ 4.8 g/t Au (96,080oz)
Slide 14: Flexure in main lode – possible bonanza location
Flexure in main lode – possible “bonanza” location
Slide 15: Wonder North next steps
» Geotechnical Drilling » Resource Expansion Drilling – along strike & down dip/plunge » Permitting to be obtained – drilling/mining
Slide 16: Black Cat Joint Venture with St. Barbara
Black Cat Joint Venture with St. Barbara: » TMX has earnt a 60% interest, » by spending $750,000 TMX will increase its interest to 75% Craig/Katalina » Exciting topographical high 1km long X 160m wide with strong geochemical signature. Drilling recommended by independent geologist. » Previous drill
Slide 17: Dodgers Well drilling and what's next
» 2010 first p pass shallow RC drillingg tested high g ggrade ggold targets. g » Two good intercepts ‐ 9m @ 17.04 g/t gold from 76m (incl 1m @ 115.7g/t, reassay 1m @ 220.5g/t) 6m @ 5.65 g/t gold for surface » Presence of coarse gold. WHAT’S NEXT? » More drilling is required to determine extent o
Slide 18: Project Update — East Kambalda
TERRAIN MINERALS Project Update — East Kambalda
Slide 19: East Kambalda Location Map
AN TERRAIN MIN ERALS East Kambalda Location Map J— e5500comN a5 Soon SOON ® eS Carnilya Hill se \ Ss Cutters Luck (Au) &, 26/477 Coogee Au deposit ‘OOS NY LEGEND Nickel Mine Gold deposit Gold prospect Major Shear
Slide 20: Similarities to Kambalda Dome
» Similar Structure: a dome intersected and adjacent to major faults f l » Similar Geology: gy basalts,, minor shales,, ultramafics,, syenite y intrusions » Similar Trace Element Geochemistry » Similar magnetic g and gravity g y signatures g » Presence of nickel sulphides
Slide 21: Kambalda Dome and Aztec Dome idealised cross sections
yUN r4\" Kambalda Dome V Aztec Dome Kambalda Dome Aztec Dome Idealised Cross Section Idealised Cross Section Ww E|]w E ASDOOO1
Slide 22: Aztec Dome Geophysical Map
Aztec Dome Geophysical (TMI mag) Map
Slide 23: What's Next?
» Eastern margin most prospective – Anomalous drill hole geochemistry & geology Trace amounts of nickel‐copper sulphides 2 strong conductors 140‐400m depth nearby » What’s Next? » Diamond core drilling required to: test geophysical & geological targets, better define ultramafic host strati
Slide 24: Capital raising in two tranches
» Two tranches » 1st = 15% of capital to raise $600‐700K » 2nd = after EGM raise $3m ‐ $4m.
Slide 25: Plans and objectives
» New mine permitting required to continue mining i i operationti att Celtic. C lti » Drill at Wonder Nth/Great Western to add minable resources resources, (aim is to grow to 500koz) » Drilling at Black Cat JV & Dodgers Well to test soil anomalies & high grade gold intersections. » Drill at the Azte
Slide 26: Resource totals
Measured Indicated Inferred TOTALS Deposit Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Ounces (‘000) (g/t) (‘000) (g/t) (‘000) (g/t) (‘000) (g/t) (‘000) Wonder 354 23 2.3 872 24 2.4 1314 19 1.9 2540 21 2.1 172 6 172.6 North Celtic 684 1.8 199 1.5 204 1.5 1088 1.7 58.1 Great 58 3.0 284 2.8 13
Slide 27: Wonder North drilling section 9390E
TERRAIN MENERALS 2m @ 6.43 git Au 9m @ 2.64 git Au [SEETIN [10m @ 5.10 gt Au) 7m @ 10.51 git Au ba — 450m \ X = 13m @ 4.69 git Au W inc. 3m @ 7.25 git Au onder \ I~ 400m o A AT V \ 4m @ 20.28 git Au S Y moan ght 23m @ 5.60 git Au 251 2.71 git Ai Deposit hee inc. 6m @ 11.61 git Au = ES 7 pd LS S /§ <
Slide 28: Dodgers Well Project cross section
DODGERS WELL PROJECT Linger & Die Main Pit |} th Volcanic ats 1m @ 115.7 git Au (Reassay 1/220.5 git Au) 9m @ 17.04 g/t Au 3m @ 36.1 g/t Au TERRAIN MINERALS LTD 402m S Z7LN Dodgers Well Project Shear TERRAIN Linger & Die Main Pit ‘eee Cross Section =n -100mRL 5
Slide 29: Dodgers Well Project Sheffield Workings cross section
6m @ 5.65 g/t Au 1m @ 1.42 g/t Au 1m @ 1.29 git Au Sheared Mafic Volcanic DODGERS ¢ at WELL PROJECT 80m AAR Dovigers Wel Project terrain Sheffield Workings (East) i. > 0 2 | Cross Section ee —— Sse ae Ese
Terrain Minerals — Investor Presentation (February 2011) on 6ix