Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (March 2016)
25 slides from Anax Metals's investor presentation, Mar 30, 2016
Slide 1: Capricorn Southeast Manganese Project: Completion of First Drilling Program
ASX CAPRICORN SOUTHEAST MANGANESE PROJECT RELEASE • COMPLETION OF FIRST DRILLING PROGRAM • ASSAYS AWAITED 13 May 2010 • UPDATED COMPANY PRESENTATION ATTACHED • PLANNING FOR NEXT DRILL PROGRAM UNDERWAY Major Diversified Aurora Minerals Limited is pleased to announce the completion of the Western Aust
Slide 2: Competent person statement
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Robert S Taylor, a Member of The Institute of Materials, Minerals and Mining and Mr. Garry P O’Hara, a corporate member of the Australasian Institute of Mining
Slide 3: Capricorn Southeast Manganese Project
CAPRICORN SOUTHEAST MANGANESE PROJECT
Slide 4: Aurora Minerals Limited Capital Structure
AURORA MINERALS LIMITED CAPITAL STRUCTURE Shares on issue 104.1 million Directors and Management Options (Exercise price between $0.30-$1.62) 33.25 million Market Capitalisation at $0.70c $72.87 million Fully Diluted Market Cap at 70c $96.14 million Cash on Hand (approx) $20.7 million Investments De
Slide 5: Project Location & Infrastructure
Project Location & Infrastructure Situated Central Pilbara, 100km SW of Paraburdoo and 420km from Dampier port. Logistics, various possibilities: • Truck to Paraburdoo and rail to Dampier • Truck to Dampier port • Oakajee port/rail • Truck to Carnarvon All subject to availability and economics
Slide 6: Manganese
MANGANESE • Essential to iron and steel production - hardens and strengthens steel - there is no substitute! • Steel making accounts for 90% of total manganese demand • Annual global production is 38 million tonnes of manganese mine product • 70-75% of production is from South Africa (mainly Kalahar
Slide 7: Australian Manganese Deposits
AUSTRALIAN MANGANESE DEPOSITS Bootu Creek NT (OM Holdings – Market Cap $1.1bn) • Ore Reserves 22.4m tonnes at 22.1% Mn • Beneficiates to produce 650,000+ tonnes per annum at 41.9% Mn • Deposits occur as series of pods and lenses over 20kms Woodie Woodie WA (ConsMin - Privatised 2008 for $1.15bn) • O
Slide 8: Capricorn Southeast Exploration Targets
EXPLORATION TARGETS CAPRICORN SOUTHEAST >10 million tonnes of manganese resources (based on Bootu Creek Feasibility Study) Grades of 15-40% Mn, low impurities Beneficiation to +42% Mn, saleable product
Slide 9: Project Overview: 2009 Prospecting Results
PROJECT OVERVIEW 2009 PROSPECTING RESULTS
Slide 10: Capricorn Southeast Conceptual Model
CAPRICORN SOUTHEAST CONCEPTUAL MODEL
Slide 11: Target Mineralisation for Drilling
TARGET MINERALISATION FOR DRILLING Massive manganese oxide horizons +40% Mn Interbedded manganese oxides and shales 15 to 35% Mn Potential beneficiation material Upgrade to +40% product Laterite-hosted Large area for prospecting to north Detrital-hosted Large alluvial fans to southwest
Slide 12: Planned Exploration Program – 2010
PLANNED EXPLORATION PROGRAM – 2010
Slide 13: 2010 Drilling: First Drill Program Completed
2010 DRILLING First Drill Program Completed May 2010 • 69 named prospects identified in 2009 • First pass reconnaissance drilling completed on first 30 prospects • Excellent drilling progress - commenced 12 April 2010 and took 1 month to complete 180 RC drill holes for approximately 7,500m • Samples
Slide 14: 2010 Drilling: Next Drill Program
2010 DRILLING Next Drill Program • Proposed 650 drill holes • DMP (Governmental) permitting and Heritage Surveys process underway Geophysics • EM and Gravity Surveys proposed
Slide 15: Beneficiation Testwork
BENEFICIATION TESTWORK Beneficiation Tests • Selected RC drill samples plus laterite/colluvial samples • Uses density differences between heavy manganese oxide (density 4 to 4.5) and lighter shale beds (density 2 to 2.5) • Separates out heavy material to produce an upgraded Mn product Aim • Determin
Slide 16: Prospecting
PROSPECTING 2009 Discoveries • 95 kms of strike of Mn-host Ullawarra Formation identified (53kms prospected) • Multiple pods and lenses of massive manganese oxides • High grade surface samples up to 56.5% Mn • Laterites – initial samples (Mango 4 area) up to 59% Mn 2010 Prospecting to Identify Furth
Slide 17: Map of First Drill Program 2010
MAP OF FIRST DRILL PROGRAM 2010
Slide 18: Syndicate Five Fingers Prospects Showing Program 1 Drill Holes
Syndicate Five Fingers Prospects Showing Program1 drill holes
Slide 19: Far East Prospects Showing Program Drill Holes
Far East Prospects Showing Program 1 drill holes
Slide 20: Selected Field Geologist Drill Logs from First Drill Holes
Selected Field Geologist Drill Logs from First 70 drill holes Syndicate-Five Fingers-Far East Areas MINERALISATION HOLE # Interval (Thickness) metres FROM (depth) metres (VISUAL ONLY) CSRC0013 36 18 Shl w/ interbedded Mn CSRC0008 35 5 Shl w/ interbedded Mn CSRC0004 22 11 shl w/ interbedded Mn CSRC00
Slide 21: Map of First Drill Program 2010
MAP OF FIRST DRILL PROGRAM 2010
Slide 22: Map of Planned Next Drilling 2010
MAP OF PLANNED NEXT DRILLING 2010
Slide 23: Summary
SUMMARY • 95kms hard-rock greenfields manganese strike potential • Prospected 55kms, rock-chip sampling and traversing • Surface samples up to 56% Mn • Series of pods/lenses massive manganese identified • Plus manganese interbedded in shale sequence • 94 drill targets identified so far • First drill
Slide 24: Disclaimer
Disclaimer The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Robert S Taylor, a Member of The Institute of Materials, Minerals and Mining and Mr. Garry P O’Hara, a corporate member of the Australasian In
Slide 25: Forward-looking statements
Forward-looking statements Forward-Looking Statements are statements included herein, including regarding future ability to finance projects and other statements that express management's expectations or estimates regarding the timing of completion of various aspects of the projects' development or