Australian Mines Limited · ASX:AUZ
Australian Mines — Shareholder Meeting (November 2011)
17 slides from Australian Mines's shareholder meeting presentation, Nov 29, 2011
Slide 1: AGM Presentation
For personal use only AGM Presentation 29th November 2011
Slide 2: Disclaimer
Disclaimer For personal use only Competent Person’s Statement Information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Benjamin Bell who is a member of the Australian Institute of Geoscientists. Mr Bell is the Chief Executi
Slide 3: Overview
Overview For personal use only • Nigeria – an emerging West African gold province • Australian Mines (AUZ) – large Nigerian tenement portfolio covering 2,774 km2 of prime West African gold geology • Confirmed gold mineralisation within AUZ Nigerian tenements • Experienced team with successful track
Slide 4: Reawakening Nigerian Gold Industry
Reawakening Nigerian Gold Industry For personal use only • Proven history of gold mining • West African geology– similar to Burkina Faso & Ghana • Recognised potential for large shear-hosted gold deposits • Strong government support 4
Slide 5: Nigeria – Snapshot
Nigeria – Snapshot For personal use only • Member of Commonwealth • Presidential Democracy 4-year election cycles • English – official language • USA’s largest sub-sahara trading partner $34 billion in two-way trade in 2010 • Major companies operating in Nigeria include: Royal Dutch Shell, Exx
Slide 6: Nigerian Gold Mining Industry
Nigerian Gold Mining Industry For personal use only • Long history of gold mining Officially recorded production commenced in 1913 • Mining and Mining Act 2007 ensures security of tenure • Exploration Licences valid for 3 years with 4 year renewal option • 25 year Mining Leases – renewable every 2
Slide 7: Nigerian Gold Formation
Nigerian Gold Formation For personal use only • Gold mineralisation hosted within shear zones • Target – shear zones within a schist belt proximal to a granite intrusion • Gold enrichment zones where secondary structures intersect regional shear zones • Copper, silver, zinc and lead often accompany
Slide 8: Australian Mines' Nigerian Projects
Australian Mines’ Nigerian Projects For personal use only • Location is key – targeting shear zones across Nigeria’s northwest schist belt • 2,774km2 tenement portfolio (100% AUZ) • Four highly-prospective projects Tsauni Yargarma Kasele Kagara • No modern exploration previously applied acro
Slide 9: Tsauni
Tsauni For personal use only • Located 20 kilometres west of Abuja • 500 metre long corridor of artisanal workings • Grab samples returned: 14 g/t gold 400 g/t silver • Potential for multiple mineralised vein systems within project • High priority drill target 9
Slide 10: Yargarma
Yargarma For personal use only • Located 350 kilometres northwest of Abuja • Covers 9 kilometre strike length of mineralised shear zone • Rock chip sampling returned: 9.8 g/t gold from quartz vein in schist 3.5 g/t gold from brecciated schist 3.3 g/t gold from quartz vein • Detailed soil sampl
Slide 11: Kasele
Kasele For personal use only • Includes10 kilometre strike length of mineralised Buruba Shear Zone • Rock chips from shear returned: 168.0 g/t gold from schist bedrock 17.2 g/t gold from quartz vein 6.9 g/t gold from quartz vein 2.8 g/t gold from schist bedrock • Significant gold-in-soil ano
Slide 12: Kagara
Kagara For personal use only • Located 130 kilometres northwest of Abuja • Cover 20 kilometre strike length of a secondary shear zone, intersecting the mineralised Baruba Shear Zone • Artisanal workings present within project area • Encouraging geophysical signature 12
Slide 13: Exploration Strategy
Exploration Strategy For personal use only • Nigerian - rapidly emerging as the next address for discovering West African gold deposits • Absence of modern exploration in Nigerian gold fields to date Considered early-stage gold play despite outcropping primary gold mineralisation • AUZ established
Slide 14: Current Program
Current Program For personal use only • Drill test Tsauni project in early 2012 Targeting strike and depth continuation of mineralised gold system • Soil sampling of entire 9 kilometre strike length of Yargarma shear zone (commenced November 2011) • Surface geochemical sampling of entire 10 kilome
Slide 15: Corporate Profile
Corporate Profile For personal use only ASX Code AUZ Board of Directors Market Cap $8.9m Ordinary Shares 636.9m Non Exec Chairman Michael Ramsden Listed Options 59.5m CEO Benjamin Bell Share price 1.4c Executive Director Dominic Marinelli Cash $2.0m Non Exec Director Mike Elias Non Exec Director Nei
Slide 16: Why Invest in Australian Mines
Why Invest in Australian Mines For personal use only • First-mover advantage in emerging West African gold province • Large tenement holding – potential for multiple ore bodies • Gold mineralisation confirmed within four key project areas • Experienced management leading established Nigerian-based e
Slide 17: Contact Details
Contact Details For personal use only Australian Mines Limited Level 1, 83 Havelock Street West Perth 6005 Western Australia Benjamin Bell Chief Executive Officer Ph: +61 8 9481 5811 bbell@australianmines.com.au www.australianmines.com.au 17
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