Alara Resources Limited · ASX:AUQ
Alara Resources — Shareholder Meeting (May 2011)
36 slides from Alara Resources's shareholder meeting presentation, May 26, 2011
Slide 1: Market Announcement: Replacement Presentation at General Meeting
Alara Resources Limited Telephone | +61 8 9214 9787 A.B.N. 27 122 892 719 Facsimile | +61 8 9322 1515 Level 14, The Forrest Centre Web | www.alararesources.com 221 St Georges Terrace Email | info@alararesources.com Perth Western Australia 6000 Thursday, 26 May 2011 For personal use only MARKET ANNOU
Slide 2: Alara Resources Limited Investor Update May 2011
For personal use only ASX: AUQ Alara Resources Limited Investor Update May 2011
Slide 3: Agenda
Agenda For personal use only 1. Introduction 2 Saudi Arabia 2. a. Khnaiguiyah Project b. Marjan Project 3. Oman: Daris Project j 4. Chile: El Quillay Project 5 Summary 5. 2
Slide 4: Introduction
1 Introduction Investor Update May 2011 For personal use only • The Company • Structure • Share Price Performance. • Projects: • Saudi S di AArabia bi : Targeting T ti Khnaiguiyah Kh i i h DFS completion l ti Q1 2012 • Oman : Helicopter p - borne VTEM Survey y completed p • Chile : Planning geophysi
Slide 5: Introduction: Company Profile
1 Introduction C Company P Profile fil For personal use only Stock ASX Code AUQ Directors Market Cap (24 May $ 43M Ian Williams AO • 40 plus years’ mining experience with 2011): Chairman Hamersley Iron, Rio Tinto, Century C Issued Capital Zinc, Pasminco • Awarded Order of Australia for - Shares 144.
Slide 6: Introduction: Pipeline
1 Introduction Pipeline For personal use only Alara has a strong pipeline of base metal development projects Design/ Exploration Feasibility Construction Production “In Place Minable Reserves” as Saudi Arabia: Khnaiguiyah reported t d in i Al Alara ASX market k t Zinc - Copper announcement dated 5 O
Slide 7: Saudi Arabia and Oman Operations
1 Introduction Saudi Arabia and Oman Operations For personal use only 6
Slide 8: Agenda
Agenda For personal use only 1. Introduction 2 Saudi Arabia 2. a. Khnaiguiyah Project b. Marjan Project 3. Oman: Daris Project j 4. Chile: El Quillay Project 5 Summary 5. 7
Slide 9: The Khnaiguiyah Project
2 Khnaiguiyah The Khnaiguiyah Project For personal use only Khnaiguiyah Project comprises a Mining Licence (granted), 2 Exploration Licences and 5 Exploration Licence Applications Covering 380 sq sq. km 8
Slide 10: Previous Studies
2 Khnaiguiyah P Previous i Studies St di For personal use only Previous Khnaiguiyah g y studies have confirmed the potential for commercial development of the project • “In Place Minable Reserves” as reported in Alara ASX market announcement dated 5 October 2010 1 • The PFS (1990’s) indicates the pr
Slide 11: The Potential
2 Khnaiguiyah The Potential For personal use only High potential exists for new discoveries in unexplored carbonatized shears and along strike extension of explored shear zones at Khnaiguiyah 10
Slide 12: Definitive Feasibility Studies
2 Khnaiguiyah Definitive Feasibility Studies For personal use only Alara believes that previous BRGM and Manajem studies can be taken to Definitive Feasibility Study (DFS) standard by Q1 2012 Exploration and Pre-feasibility Study conducted by BRGM and further studies conducted by Manajem (Vendor) in
Slide 13: Access
2 Khnaiguiyah Access For personal use only The Khnaiguiyah Zinc-Copper Project has excellent road access and available il bl power 2hrs from Riyadh on Project site Riyadh-Jeddah Highway and Power line construction camp Sealed Road connecting project site to Al Quwaiyah 20min. from site on the high w
Slide 14: Mineralisation
2 Khnaiguiyah Mineralisation For personal use only Mineralised Zone 3 is thicker and close to surface on the east limb but generally ll copper rich i h and d open towards t d the th westt Drill hole intersections K97_136 – 4m @ 3.58% Zn, 0.27% Cu 3m @ 3.93% Zn, 0.19% Cu 10m @ 3.06% Zn, 0.05% Cu K97_
Slide 15: Mineralisation
2 Khnaiguiyah Mineralisation For personal use only Mineralised Zone 3 is thicker and well defined at depth, with a distinct zinc rich zone to the east and is open and copper rich to the west Drill hole intersections K97_263 – 23m @ 4.4% Zn, 0.08% Cu KHNC_76 – 8.31m @ 13.5% Zn, 0.37% Cu K97_151 – 16.
Slide 16: Mineralisation
2 Khnaiguiyah Mineralisation For personal use only Stacked 3D Model of Mineralised Zone 3 shows structural continuity Zinc Copper 15
Slide 17: Mineralisation
2 Khnaiguiyah Mineralisation For personal use only Mineralised Zone 2 is generally flat lying and open to the east Drill hole intersections KZ2 180 16m @10 KZ2_180-16m @10.3% 3% Zn Zn, 0 0.33% 33% Cu KZ2_300-17m @ 4.06% Zn, 0.77% Cu KZ2_170- 4m @ 3.36%Zn, 0.03% Cu 18m @ 3.87% Zn, 0.82% Cu KNP_21 -15
Slide 18: Mineralisation
2 Khnaiguiyah Mineralisation For personal use only Mineralised Zone 2 is shallow and thick Drill hole intersections KZ2_311 _ – 8m @ 4.6% Zn,, 0.5% Cu KZ2_351 - 8m @ 7.5% Zn, 0.3% Cu KZ2_312 – 18m @ 7.2% Zn, 0.1% Cu KZ2_313 – 17m @ 18% Zn, 0.3% Cu _ KZ2_314 – 18m @ 6.5% Zn, 0.25% Cu KZ2_315 – 24m @
Slide 19: Mineralisation
2 Khnaiguiyah Mi Mineralisation li ti For personal use only A Stacked 3D Model of Mineralised Zone 2 shows the flat and shallow disposition p of the mineralisation Zinc Copper 18
Slide 20: Progress
2 Khnaiguiyah Progress For personal use only Highlights of recent drilling K3DD11_006 • 48m at 5.84% Zn from 44m including a zone of 4m at 26% Zn from 85m • 10m at 12.99% Zn from 83m, includes highest recorded assay of 1m at 43.6% Zn from 87m K3DD11 007 K3DD11_007 • 5m at 6.58% Zn from 37m including
Slide 21: DFS Completion
2 Khnaiguiyah DFS Completion C l ti For personal use only Alara is targeting completion of Khnaiguiyah DFS in Q1 2012 2010 2011 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Finalise formal JV agreements Establish office in Riyadh L and Log d analyse l samplesl ffrom
Slide 22: Acquisition of Marjan
2 Marjan Acquisition of Marjan For personal use only The Marjan Project comprises three Exploration Licences that have combined area of approximately 260km2 – predominantly gold, with associated silver, zinc and copper. • Alara has recently secured a 50% interest in the Marjan Project in Saudi Arabi
Slide 23: Agenda
Agenda For personal use only 1. Introduction 2 Saudi Arabia 2. a. Khnaiguiyah Project b. Marjan Project 3. Oman: Daris Project j 4. Chile: El Quillay Project 5 Summary 5. 22
Slide 24: Daris Project
3 Daris D i Project Daris P j t For personal use only The Daris Project is located in a region with several examples of VMS Copper Deposits in the Oman Ophiolites and a nearby Copper Smelter Alara Project 23
Slide 25: Daris Targets
3 Daris Targets For personal use only Alara is targeting g g discovery y and treatment of copper sulphides from the Daris Project • Alara has completed a 25 drill hole programme in 2 of 12 known prospects in the project area. Results received from one of these prospects, where 3 core holes were dril
Slide 26: Daris Mineralisation
3 Daris Mi Mineralisation li ti For personal use only A Helicopter borne VTEM survey has been completed over Daris. New targets g have been identified Spatial Data and Predictive Modelling of VMS p potential has identified several new unexplored targets in the Daris Project. After the VTEM survey, d
Slide 27: Daris VTEM Findings - new target areas
3 Daris VTEM Fi Findings di – new target t t areas For personal use only VTEM Target Areas VTEM Target Areas 26
Slide 28: Agenda
Agenda For personal use only 1. Introduction 2 Saudi Arabia 2. a. Khnaiguiyah Project b. Marjan Project 3. Oman: Daris Project j 4. Chile: El Quillay Project 5 Summary 5. 27
Slide 29: Targets El Quillay
Targets 4 El Quillay For personal use only In Chile, Alara is targeting copper-gold prospects in an area with extensive previous working and walk up drill targets • Definitive agreements with local partner due to be finalised June/July • Five copper, copper gold and copper molybdenum IOCG type and p
Slide 30: El Quillay Prospects
4 El Quillay Prospects For personal use only In the “El El Quillay Quillay” prospect, prospect numerous workings exist over 1km strike and up to 85m depth. Outcrops and workings have been extensively sampled Recent decline Main workings Shaft and dump This hill is largely covered by oxide cap A half
Slide 31: El Quillay Prospects
4 El Quillay Prospects For personal use only At “L “Lana anddCCorina” i ” prospect,t significant i ifi tddrill ill intersections i t ti confirm fi the th prospectivity of breccia pipes, with porphyry below Two drill holes intersected greater than 130m of mineralisation, one of which intersected 180m
Slide 32: El Quillay 2011 Work Programme
4 El Quillay 2011 Work Programme For personal use only An extensive work program is planned for El Quillay in 2011 • Technical and legal due diligence planned for completion in May • g Definitive agreements with local ppartner due to be finalised June/July y • Mapping and geophysical surveys, includ
Slide 33: Agenda
Agenda For personal use only 1. Introduction 2 Saudi Arabia 2. a. Khnaiguiyah Project b. Marjan Project 3. Oman: Daris Project j 4. Chile: El Quillay Project 5 Summary 5. 32
Slide 34: Summary: Recent accomplishments
5 Summary Recent accomplishments For personal use only • Experienced industry veterans added to Board of Directors • $30M capital raising completed May 2011 • Khnaiguiyah Mining License awarded in Saudi, awaiting transfer to JV company • JV company and local office established • Marjan agreement exe
Slide 35: Summary: The way forward for 2011
5 Summary The way forward for 2011 For personal use only • Completion of Khnaiguiyah DFS • pp Exposure: Increase Copper p • Continue drilling for Zinc and Copper extensions at Khnaiguiyah • Extension of high grade copper sulphide and gold mineralisation in known discovery of additional lenses in Oma
Slide 36: Alara Resources Limited
Alara Resources Al R Li Limited it d For personal use only A.B.N 27 122 892 719 ASX Code: AUQ Level 14, The Forrest Centre 221 St Georges Terrace Perth, Western Australia 6000 Telephone: +61 8 9214 9787 Facsimile: +61 8 9322 1515 info@alararesources.com www.alararesources.com DISCLAIMER This present