Image Resources Nl · ASX:IMA
Image Resources Nl — Diggers & Dealers 2007
23 slides from Image Resources Nl's conference presentation, Aug 7, 2007
Slide 1: Diggers & Dealers August 2007
For personal use only DIGGERS & DEALERS AUGUST 2007 GEORGE SAKALIDIS MANAGING DIRECTOR FORWARD LOOKING STATEMENTS This presentation contains forecasts and forward looking statements which are made in good faith and are believed to have reasonable basis. However, such forward looking statements are s
Slide 2: History and Key Points
HISTORY ¾ Aeromagnetic database second only to Rio Tinto ¾ Discoveries For personal use only ¾ Magnetic Minerals listed 2000 ¾ Image Resources listed July 2002 ¾ Meteoric Resources listed July 2004 ¾ Magnetic Resources listed April 2007 ¾ Potential Nickel float late 2007 KEY POINTS • Quality Heavy M
Slide 3: Directors; Company Structure and Assets
DIRECTORS • George Sakalidis: Managing Director, Geophysicist, 29 yrs exp. For personal use only • Roger Thomson: Executive Director, Geologist, 40 yrs exp. • Peter Thomas: Chairman, Mining Lawyer, 27 yrs exp. COMPANY STRUCTURE AND ASSETS •Fully paid ordinary shares 74,977,978 •Director/Employee Opt
Slide 4: Project Locations: Mineral Sand Operations
PROJECT LOCATIONS For personal use only MINERAL SAND OPERATIONS
Slide 5: Mineral Sands North Perth Basin; Cooljarloo Historical
MINERAL SANDS NORTH PERTH BASIN • Image represents a new opportunity for new mineral sands resource development in the province • Magnetic mapping has not been used widely. Southern end of North Perth Basin still poorly mapped. For personal use only • Over 20% of annual world production of zircon •
Slide 6: Cooljarloo Historical Resource and Targets
COOLJARLOO Historical Resource and Targets For personal use only COOLJARLOO MAGNETIC MAPPING EXPLORATION INNOVATION
Slide 7: Cooljarloo Current
COOLJARLOO CURRENT Image Resources current resource drillout includes: • 28 km of high-grade shallow stands defined and being drilled to JORC standard at Cooljarloo and Cooljarloo North. For personal use only • 9km of new Channel discoveries up to 75m thick. Opens up potential for similar discoverie
Slide 8: Cooljarloo North Current Resources
COOLJARLOO NORTH Current Resources For personal use only COOLJARLOO Current Resource and Targets
Slide 9: Cooljarloo Channels and Strands
COOLJARLOO Channels For personal use only COOLJARLOO STRANDS 35 AHD Strand – Significant High Grade Results Hole 351 8m@13.4% HM from 2m including 4m@25.0% HM from 4m Hole 397 6m@10.9% HM from 4m including 4m@15.1% HM from 4m Hole 472 4m@10.7% HM from 6m including 2m@18.6% HM from 6m Hole 493 10m@12
Slide 10: Cooljarloo AHD Strand Stacked Sections
COOLJARLOO 35 AHD Strand – Stacked Sections For personal use only COOLJARLOO 28,000 Strand – Drilling Results
Slide 11: Cooljarloo North Super High Grade Discovery
COOLJARLOO NORTH SUPER HIGH GRADE DISCOVERY • 100%-owned, 26sq km tenement • 130 line km of ground magnetics completed • 5 high priority targets identified with 12km cumulative length For personal use only • Target 1 shallow spectacular high grade over 4.5km: 4m @ 50%, 4m @ 40%, 2m @ 60%, 6m @ 41% •
Slide 12: Mineral Sand Projects Magnetic Mapping Progress
MINERAL SAND PROJECTS For personal use only MAGNETIC MAPPING PROGRESS Project Aeromagnetic Groundmag Groundmag Target Length Completed Target Length Bidaminna 80 % 42 km Bootine 87 km 25 % In progress Cataby West 20 km 80% In progress Gingin 30 km 10 % In progress Quinns Hill 10 % In progress McKinl
Slide 13: Bidaminna Aeromag Targets and Drilling; Gin Gin
BIDAMINNA AEROMAG TARGETS AND DRILLING For personal use only OTHER PROJECTS GIN GIN
Slide 14: Other Projects: Bootine, Dongara Tiwest JV
OTHER PROJECTS BOOTINE For personal use only DONGARA TIWEST JV ZIRCON AND OUTLINED RESOURCES
Slide 15: Image Projects Resource Potential
IMAGE PROJECTS RESOURCE POTENTIAL Resource(M Zircon + HMC Cut-of Cap Ex NPV IRR Market Project Grade Cash Flow t) Rutile (Mt) Grade (M) (M) (%) Cap Dongara (MGE) 182 23-41% 5.0% 9.1 2.0% 273M/12 $71 $63 76 25M For personal use only years Other Projects 50-200 4-6% 5-20 (IMA)* Cooljarloo 200-400 5% 1
Slide 16: Eucla Basin
EUCLA BASIN • Zircon rich discovery on Image’s tenement boundary • 28km paleocoastline • 2.3km mineralised coastline discovered by Diatreme For personal use only on tenement boundary • Prospective shoreline thickens to 9km in width on Image ground • Access agreements in progress • Ground magnetics/a
Slide 17: Emu Lake Ni Project Potential Float
EUCLA BASIN WA TENEMENT APPLICATIONS For personal use only EMU LAKE Ni PROJECT POTENTIAL FLOAT • 70km NE of Kalgoorlie and 30km from Silver Swan • 49 sq km of granted tenements • 10km of prospective contact • Jubilee acquiring a 60% interest by completing a bankable feasibility study by December 200
Slide 18: Emu Lake Gossan Zone Drill Intersections
EMU LAKE Ni PROJECT AEROMAGNETICS For personal use only EMU LAKE Ni PROJECT GOSSAN ZONE DRILL INTERSECTIONS Hole No From To Interval Ni Cu Pt Pd Pt+Pd g/t (m) (m) (m) % % ppb ppb ELD 5 256.40 256.70 0.3 7.55 0.35 1015 1726 2.74 258.22 258.35 0.13 0.34 21.3 1355 1659 3.01 258.60 259.90 1.3 1.11 0.18
Slide 19: Emu Lake Section 48625N and Longitudinal Projection
EMU LAKE Ni PROJECT SECTION 48625N For personal use only 2m @ 6.2% Ni/1.78% Cu and 2m @ 2.63% Ni/1.05% Cu EMU LAKE Ni PROJECT GOSSAN ZONE LONGITUDINAL PROJECTION
Slide 20: Emu Lake Silver Swan Comparison; Mincor JV
EMU LAKE Ni PROJECT GOSSAN ZONE – SILVER SWAN COMPARISON IN LONGITUDINAL For personal use only PROJECTION MINCOR JV POTENTIAL FLOAT • 10 granted tenements, 725sq km, 100%-owned. • Acquired following release of new aeromagnetic data • Prospective for high-grade Nepean-style nickel sulphides. • Mincor
Slide 21: Mincor JV; Timetable
MINCOR JV POTENTIAL FLOAT For personal use only TIMETABLE Project Activity Date Cooljarloo Air Core Drilling/Pre Feasibility Aug-Sept 2007 Cooljarloo North Air Core Drilling/Pre Feasibility Aug- Sept 2007 Gingin, Bootine, Quinns Ground Mag Aug-Sept 2007 Bidaminna Air Core Drilling Sept 2007 Emu Lake
Slide 22: Summary and Contact Details
SUMMARY • Increasing focus on Mineral Sands • Potential major high grade discovery at Cooljarloo and Cooljarloo North • Largest HM land holder North Perth Basin For personal use only • Potential Nickel float, generous benefits to existing Image shareholders • Tightly held stock: Top 5 hold 50% (long
Slide 23: Image Resources NL
IMAGE RESOURCES NL Www.imageres.com.aul