Astral Resources Nl · ASX:AAR
Astral Resources Nl — Anglo Australian Resources NL — Resource Development Conference Broome WA (March 2009)
24 slides from Astral Resources Nl's conference presentation, Mar 18, 2009
Slide 1: Resource Development in the Kimberley Region – Koongie Copper Zinc Project
For personal use only ANGLO AUSTRALIAN RESOURCES NL Resource Development in the Kimberley Region Koongie Copper Zinc Project March 2009
Slide 2: Disclaimer
ANGLO AUSTRALIAN RESOURCES NL For personal use only Disclaimer The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Anglo Australian Resources NL (“AAR”) nor does it form the basis of any co
Slide 3: Corporate Fact File
Corporate Fact File For personal use only ▲ASX Code: AAR ▲Listing: November 1986 ▲Issued Capital: 501m ▲Share Price: 1.2 -7c ▲Market Cap: $6.5 -35m ▲Top 20 Shareholders: 29.43% ▲Directors & Executive Shareholdings 11.4% ▲Cash at 31st December 2008 $3.6m ▲Directors – J Jones, C Fyson, D Clarke, A Pil
Slide 4: Company Project Locations
Company Project Locations For personal use only 4 ANGLO AUSTRALIAN RESOURCES NL
Slide 5: Copper Zinc Project
Koongie Copper Zinc Project For personal use only ▲Kimberley Region of Western Australia ▲Two Cu / Zn resources at Onedin and Sandiego ▲Other advanced base metal prospects ▲Wholly owned by AAR ▲$13 million spent on exploration since 1972 5 ANGLO AUSTRALIAN RESOURCES NL
Slide 6: Copper Zinc Project
Koongie Copper Zinc Project For personal use only ▲Onedin Gossan ▲Sandiego Gossan 6 ANGLO AUSTRALIAN RESOURCES NL
Slide 7: Geology
Koongie Geology For personal use only 7 ANGLO AUSTRALIAN RESOURCES NL
Slide 8: Mineralisation
Koongie Mineralisation For personal use only ▲High Zn, Cu, Ag, Au, Co, Pb ▲Primary Mineralisation - Pyrite, Sphalerite, Pyrrhotite, Chalcopyrite, +- Galena. Subordinate Tetrahedrite and Arsenopyrite, Minor Hemiomorphite ▲Supergene copper minerals at Onedin – Malachite, Chrysocolla, Bornite, Covellit
Slide 9: Flight thru available online
For personal use only Flight thru available at : http://www.anglo.com.au/investors.asp?pos=10 9 ANGLO AUSTRALIAN RESOURCES NL
Slide 10: Sandiego Deposit
Sandiego Deposit For personal use only ▲Stratiform deposit relatively undeformed ▲Hosted in magnetite-rich exhalite suite of Mimosa Member ▲Tabular lenses 200m long, 600m deep, up to 60m thick ▲Mineralised lenses broadly conformable with bedding ▲Wedge shaped lens strikes NNE – SSW, dip ~85° to E AN
Slide 11: Sandiego Sections
Sandiego Sections For personal use only ANGLO AUSTRALIAN RESOURCES NL
Slide 12: Sandiego Resources – September 2008
Sandiego Resources – September 2008 For personal use only Domain Indicated Tonnes Zn Cu Pb Ag (Mt) (%) (%) (%) (g/t) Zinc Zone 1.2 8.1 0.4 0.7 30.3 Copper Zone 0.97 1 2.4 0.1 16 Mixed Zone 0.27 8.5 1.7 0.5 45.9 Total 2.44 5.4 1.3 0.5 26.4 1% Cu and 3%Zn cut-off ANGLO AUSTRALIAN RESOURCES NL
Slide 13: Exploration Update - Sandiego
Koongie Exploration Update - Sandiego ▲Two new intersections at depth outside Sandiego For personal use only resource ▲SRCD42 – 6m @ 5.45% Zn; 5m @ 2.45% Cu ▲SRCD053 – 27m @ 10.1% Zn; 1.3% Cu ▲Increase in copper and zinc resources expected ▲New high grade intersections in Sandiego Transition zone co
Slide 14: Exploration Update - Sandiego
Koongie Exploration Update - Sandiego ▲Economic mineralisation 80 -120m from surface For personal use only ▲Two copper and one major zinc lodes defined ▲Open at depth ▲Mineralisation intersected on northern extension but narrower widths than main zone ▲SRC035 – 5m @ 9.15% Zn ▲Resource recalculation
Slide 15: Onedin Deposit
Onedin Deposit ▲Folded south plunging deposit For personal use only ▲Copper and zinc lodes cannot be separated ▲Indicated Resource - a number of different interpretations are possible. ▲Down plunge extensions to be determined ▲Copper oxide potential under-drilled. Some significant intersections not
Slide 16: Onedin Resources – January 2008
Onedin Resources – January 2008 For personal use only Domain Indicated Name Tonnes (Mt) Zn (%) Cu (%) Pb (%) Ag (g/t) Zinc Zone 1.05 5.7 0.4 0.6 24.1 Copper Zone 1.93 1.2 1.1 1.2 23.9 Mixed Zone 0.4 7.3 1.3 1.5 43.3 Total 3.39 3.3 0.9 1 26.3 O.5% Cu Cut-off in oxide zone; 1% Cu and 3%Zn cut-off else
Slide 17: Exploration Update – Onedin / Atlantis
Koongie Exploration Update – Onedin / Atlantis ▲Two new shallow copper intersections For personal use only ▲ORC049 – 23m @ 1.8% Cu, 74g/t Ag ▲ORCD050 – 10m 1.5% Cu, 7.2%Zn ▲Two new intersections at depth –16m @ 9.3%Zn, 198g/t Ag; 22.2m @1.1%Cu, 21%Zn, 78g/t Ag, 30.3m @ 1.1%Cu, 11.7%Zn, 94g/tAg ▲Alte
Slide 18: Pre-Feasibility Highlights
Koongie Pre- Feasibility Highlights For personal use only ▲Focused on higher grade Sandiego transition and sulphide ore ▲30% of total project resources ▲Underground mining 0.5mt of copper and zinc ore for a mine life of 4 years ▲Conventional Treatment Plant involving crushing, grinding, milling and
Slide 19: Process Flow Sheet
Koongie Process Flow Sheet For personal use only 19 ANGLO AUSTRALIAN RESOURCES NL
Slide 20: Resource by Ore Type
Resource by Ore Type Koongie Project In Ground Value by Commodity and Ore Type at Nov 2008 Prices For personal use only $140,000,000 Future Additions to financial model Current AAR financial modelling Extraction by Flotation $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $
Slide 21: Project Upside
Koongie Project Upside ▲Operating costs of US$0.91/lb Zn and US$ 1.17lb Cu For personal use only (exchange rate of US$1= A$0.80) ▲Conservative approach to pre-feasibility ▲Mine life can be increased and cost of production can be reduced by: ▲ Addition of resources at Sandiego – Identified by current
Slide 22: Victoria River Downs - Base Metal Project
Victoria River Downs - Base Metal Project For personal use only ▲Victoria River Region ▲Proterozoic basin 1.6by, Same age as McArthur River and Mt Isa Basins ▲Over 10,000sq km ▲12 tenements ▲7 tenements granted (over 3000sq km) ▲Extensive Pb and Zinc stream sediment anomalies up to 9,000ppm Pb and 5
Slide 23: Attribution
Attribution For personal use only Information in this Report relating to geological data has been compiled by the Anglo Australian Resources NL General Manager Exploration, Peter Komyshan, who: • is a full-time employee of Anglo Australian Resources NL; •has relevant experience in relation to the mi
Slide 24: Thank You
For personal use only ANGLO AUSTRALIAN RESOURCES NL Thank You
Anglo Australian Resources NL — Resource Development Conference Broome WA (March 2009) on 6ix