Syrah Resources Limited · ASX:SYR
Syrah Resources — Shareholder Meeting (November 2008)
28 slides from Syrah Resources's shareholder meeting presentation, Nov 21, 2008
Slide 1: Syrah Resources Ltd AGM Presentation
For personal use only Syrah Resources Ltd AGM Presentation 21 November 2008
Slide 2: Syrah Corporate Overview
For personal use only SYRAH CORPORATE OVERVIEW Directors: Tom Eadie Chairman Alistair Campbell Managing Director Terry Lees Exploration Director Shares on issue 30,000,005 Director & management options 2,500,000 Share price (last sale 10 Nov 2008) $0 078 $0.078 Market capitalisation at $0.078 $2.34
Slide 3: Syrah Business Focus 2007/2008
For personal use only Syrah Business Focus 2007/2008 • Exploration - Australian exploration projects • Sought acquisition or joint venture of an advanced precious metals or base metals project project, Australia and International • Option to acquire White Dam gold project early 2008, withdrew after
Slide 4: Syrah Exploration, Australian Projects
For personal use only Syrah Exploration, Exploration Australian Projects • Projects: Lyndhurst Levuka • Add diagram Munna Archie-Mackenzie Norfolk • At Sept 07 listing Syrah commenced with clean slate – first step initial prospect generation and evaluation • Drilling campaigns at Boanda Prospect, Le
Slide 5: Lyndhurst, South Australia
For personal use only Lyndhurst, South Australia Eromanga Basin • North Flinders Ranges, Adelaide fold belt Mt Lyndhurst Leigh Creek Mt Painter • Oxide copper mineralisation Adelaide Fold Belt associated with diapirs • Syrah review of historical Adelaide copper occurrences • White Lead prospect: 7 h
Slide 6: White Lead Prospect, Lyndhurst
For personal use only White Lead Prospect, Lyndhurst
Slide 7: White Lead, April 2008 Drilling
For personal use only White Lead, April 2008 Drilling • April 2008 RC drill program: test under historical White Lead workings • Best intercepts: WLDH002 26m @ 0.87% Cu WLDH003 18m @ 0.91% Cu WLDH006 30m @ 0.87% Cu • Drilling showed wide zones of near surface copper oxide mineralisation over 250m st
Slide 8: White Lead, RAB Drilling Aug 2008
For personal use only White Lead, RAB Drilling Aug 2008 • August 2008 RAB program – test scale potential along 3.2km strike length of prospective horizon • 62 RAB holes to 40m depth, 100m between fences • 16 holes with intercepts above 0.3% Cu • Best intercepts: - RB060 6m @ 1 1.50% 50% Cu - RB052 6
Slide 9: White Lead Prospect, Drilling Results
For personal use only White Lead Prospect, Drilling Results
Slide 10: White Lead, Drilling Results Central Area
For personal use only White Lead, Drilling Results Central Area
Slide 11: White Lead, Drilling Results Eastern Area
For personal use only White Lead, Drilling Results Eastern Area
Slide 12: White Lead Prospect – Next Steps
For personal use only White Lead Prospect – Next Steps • E l ti ttarget: Exploration t 0 5Mt tto 1.5Mt 0.5Mt 1 5Mt @ 0 0.7% 7% C Cu • Next steps: 1) assess potential economic pathway 2)) consider further drilling g • Potential farm-out / collaboration
Slide 13: Archie-Mackenzie, NW Qld
For personal use only Archie-Mackenzie, NW Qld • Exploration target: Century- style base metals in basement Proterozoics • Field campaign Apr 08 – soil geochemical survey • Drill Target generation: - Geophysical data review - Structural analysis y - Basement 3D geology • Potential farm-out Gravity i
Slide 14: Archie-Mackenzie, Geophysical & Structural Review
Archie-Mackenzie, Geophysical & Structural Review For personal use only Basement 3D Geology with potential drill targets Structural analysis with potential drill targets
Slide 15: Levuka NW Qld
Levuka NW Qld Levuka, For personal use only • Boanda prospect drilled April 2008 3 holes 2008, holes. • Levuka South granted Oct 08 • New drill targets generated by geophysical h i l and d structural t t l analysis • Target ranking in progress Boanda drilling Aeromagnetic image and potential drill t
Slide 16: Levuka, Structural Review
For personal use only Levuka, Structural S Review Structural review at regional level Potential Levuka drill targets, overlaid on structure
Slide 17: Munna, SE Qld
For personal use only Munna, SE Qld • Prospect reviews: - Mt Melanie - Lug-e-nor Lug e nor - Munna - Munna West IP trend - Knight of Gwyn - Coonawarra • Field mapping and soil sampling • Current focus – Cu in historical holes at Knight of Gwyn
Slide 18: Norfolk, NW Qld
For personal use only Norfolk, NW Qld • Tenements granted Sept 2008 • Impact crater concept – “Camooweal” Camooweal circular structure - mineralisation at Sudbury is associated with an impact crater • ARC Linkage funding application submitted October 2008 in conjunction with Monash University resear
Slide 19: Proposed Inlice and Altintepe Joint Venture
Proposed Inlice and Altintepe Joint Venture For personal use only Stratex International, Turkey • Joint Venture terms agreed with Stratex allowing Syrah to earn up to 70% ownership of the Altıntepe and Inlice gold projects in Turkey • Total oxide resources 570,618 oz • Good potential for heap leach
Slide 20: Inlice Gold Project - Overview
Inlice Gold Project - Overview For personal use only • Inlice project is an epithermal deposit 40km from Konya in the central Anatolia region. • Total oxide resource 98,300oz • Resource estimate includes : 0.94 Mt in situ mineralisation at 2.29 g/t 1.35 Mt of talus mineralisation at 0.65 g/t. • In s
Slide 21: Inlice - Oxide Resource Inventory
For personal use only Inlice - Oxide Resource Inventory Stratex have completed 8,979m 8 979m of diamond drilling at Inlice and on 4 July 2008 reported the following oxide gold resource: Tonnes Grade Cont. Au t g/t oz In situ Mineralisation Measured 327,036 2.90 31,000 Indicated 307,331 2.06 20,000 I
Slide 22: Inlice – In situ Resource Geology
For personal use only Inlice – In situ Resource Geology Inlice: geology and drill hole locations locations. Gold-bearing Summary cross-section of drill holes INDD-18 and silica ledges shown in red. INDD-37, Ana West.
Slide 23: Altintepe Gold Project - Overview
For personal use only Altintepe Gold Project - Overview • Altintepe is located on the northeastern Black Sea coast • Oxide gold resource of 472,318 ounces using a 0.2 g/t cut-off grade. • The resource is contained within multiple, near-surface deposits able to be mined with conventional open pit min
Slide 24: Altintepe – Oxide Resource Inventory
For personal use only Altintepe – Oxide Resource Inventory The total oxide gold resource for Altıntepe at a cut-off grade of 0.2 g/t Au, as reported by Stratex on 10 September 2008, now stands at: C t Category Tonnes Au Grade Cont. Au Cont t g/t Oz Measured 287,333 1.78 16,453 Indicated 9 287 370 9,
Slide 25: Altintepe - Resource
For personal use only Altintepe - Resource Cross-section of the Çamlık East Zone Simplified geological map of Altıntepe prospect illustrating key mineralised zones Cross-section of hole ST-KT-DD-01, Kayatepe Zone
Slide 26: Inlice & Altintepe - Joint Venture Terms
For personal use only Inlice & Altintepe - Joint Venture Terms • Due diligence extended to 24 November 2008 • On signing of Joint Venture Agreement: - Issue I Stratex St t 4.5M4 5M Syrah S h shares h - Pay US$100,000 • To earn 51% of the two projects: - Complete work commitment US$0.5M in first year
Slide 27: Future Direction 2008/2009
For personal use only Future Direction 2008/2009 • Final decision on Stratex JV • Conserve funds • Carefully manage Australian exploration expenditure - Seek farm-outs - Drop ground - Drill only where strong justification exists • Look for opportunities in the current market volatility - Decreasing
Slide 28: Competent Person Statement
For personal use only Competent Person Statement The information in this report as it relates to exploration results was reviewed by Mr Tom Eadie, FAusIMM, who is a Competent Person and Chairman of Syrah Resources Limited. Mr. Eadie has more than 20 years experience in the activities being reported
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