Metalex Ventures Ltd. · TSXV:MTX
Metalex Ventures — Shareholder Meeting (December 2012)
33 slides from Metalex Ventures's shareholder meeting presentation, December 2012
Slide 1: Global Exploration 2012 AGM
Global Exploration 2012 AGM Contact: Chad Ulansky 203-1634 Harvey Ave, Kelowna, BC Tel: +1 250 860 8599 [email protected]
Slide 2: Disclaimer
Disclaimer This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities in Metalex Ventures Ltd. (“Metalex”), nor shall it or any part of it form the basis of, or be relied on in connection with, or act as any inducement
Slide 3: Metalex – Prospective Portfolio
Metalex – Prospective Portfolio Quebec Ontario Morocco Mali Angola
Slide 4: The Company 2012 Progress
The Company 2012 Progress U2 Project Letter of Intent signed with Dundee Securities to finance bulk sample Permitting underway for bulk sample First Nation consultations well advanced Pilot holes completed for bulk sample Long lead items ordered for bulk sample Morocco Project Extensive
Slide 5: U2 Kimberlite Location
U2 Kimberlite Location U2 Victor
Slide 6: U2 Kimberlite Pipe
U2 Kimberlite Pipe • U2 is located 60 km west of De Beers’ Victor Mine • The U2 kimberlite is the second largest diamond bearing kimberlite discovery in northern Ontario – 9.3 hectares (24 acres) • Initial testing by core drilling suggested that U2 is very similar to Victor Similar large size Si
Slide 7: U2 Kimberlite Cross Section
U2 Kimberlite Cross Section The deepest core holes approach 500 meters depth and are still in kimberlite.
Slide 8: U2 Mini-Bulk Sample – Drill Plan
U2 Mini-Bulk Sample – Drill Plan
Slide 9: U2 Mini Bulk Sample Diamond Size and Colours are Promising
U2 Mini Bulk Sample Diamond Size and Colours are Promising Hole Sieve Sizes (Through / On) Total 0.6mm 0.85mm 1.18mm 1.7mm 2.36mm 3.35mm 4.75mm 6.7mm 0.425mm 0.6mm 0.85mm 1.18mm 1.7mm 2.36mm 3.35mm 4.75mm U2-RC-02 61 81 56 24 4 3 - - 229 U2-RC-03 51 121 79 38 12 1 1 - 303 U2-RC-04 32 99 68 21 10 2 1
Slide 10: U2 Diamonds - Spectacular
U2 Diamonds - Spectacular U2-RC-10 7 105-120 XRS +2.36-3.35 mm oY 2398 ct J ’ A A,W.0.0 , _U2-RC-09 42-57 DMS CONC U2-RC-10 : 9) os uit a = 3.35 mm ‘= et ee a . “5, = a RY % a E Re ie ad ft * i Hie % . =
Slide 11: U2 Diamonds - Spectacular
U2 Diamonds - Spectacular RC-04 210-225, U2-RC-03 241 -4.75mm+3.35mm -51733500 cts. B,W,0,1 33 U2-RC-05 60-75 XRS 4mm
Slide 12: Diamonds from the U2 Mini-Bulk Sample
Diamonds from the U2 Mini-Bulk Sample
Slide 13: Diamonds from the U2 Mini-Bulk Sample
Diamonds from the U2 Mini-Bulk Sample
Slide 14: U2 – Comparison to Initial Victor Mini-Bulk Sample Results
U2 – Comparison to Initial Victor Mini-Bulk Sample Results • DeBeers’ Victor Mine, just built at a cost of $1.3Bn, has a mining grade of 23 cpht • DeBeers’ first bulk sample of 600t returned a bulk sample grade of 18 cpht • Below the crater infill U2 bulk sample drilling often intersects grades simi
Slide 15: U2 – Next Steps
U2 – Next Steps • Results to date indicate that U2 warrants additional testing This next stage involves the collection of 1,000 to 2,000 carats of diamonds This diamond parcel is required to accurately assess the average carat value and diamond grade of the pipe • Metalex is proposing to complet
Slide 16: U2 – Funding Agreement Nearing Completion
U2 – Funding Agreement Nearing Completion • Metalex is partnering with Dundee to finance the bulk sample, feasibility study and mine construction if results are favourable Dundee can earn a 51% interest in the U2 project by funding $51M towards the work program If U2 is commercially feasible Dun
Slide 17: U2 – Timeline
U2 – Timeline • Permitting for the exploration program was initiated in September 2011 Amec has been contracted to arrange all necessary permitting Permit applications have been submitted Permits will be issued far quicker with First Nation support ¾ This support is currently being sought • Th
Slide 18: U2 – Proposed Winter Road Route
U2 – Proposed Winter Road Route
Slide 19: Morocco World class projects in vicinity
Morocco World class projects in vicinity Purchased by Kinross for $7.1B Contains 17+ Moz Gold 19
Slide 20: Morocco Project Highlights
Morocco Project Highlights • In 2004 and 2005 Metalex acquired licenses totaling 24,800 km2 Metalex secured all of the available ground • These licenses cover an area not previously explored • Highly prospective geology Including the Tasiast Mine immediately to the south which Kinross recently a
Slide 21: Morocco Abundant anomalies discovered
Morocco Abundant anomalies discovered •Extensive geochemical surveying completed •Shows potential for: ¾Diamondiferous kimberlites in 18 areas ¾Gold in 38 areas ¾Base metals in 59 areas (Ni +/- Cu +/- Co +/- Zn +/- Pb) ¾Uranium in 6 areas 21
Slide 22: Morocco Areas with potential for diamondiferous kimberlites
Morocco Areas with potential for diamondiferous kimberlites 22
Slide 23: Morocco Areas with potential for metal deposits
Morocco Areas with potential for metal deposits Note the gold anomalies along the strike extension of the Tasiast Mine 23
Slide 24: Morocco Underlying Agreement
Morocco Underlying Agreement • The project is a Joint Venture between the Moroccan Government (ONHYM) and Metalex 40% ONHYM : 60% Metalex Both parties fund according to their respective interests • There is only a 1.5% royalty payable to the government the net amount from the sale of mining pr
Slide 25: Morocco Work Program
Morocco Work Program 2012 Program • Fly an airborne magnetic (with radiometric) survey over entire 17,100 km2 license (complete) • Ground geophysical surveys over selected targets • Pitting program to test selected targets 2013 Program • Process samples collected from pitting program • Continue targ
Slide 26: Angola Prospective Diamond Exploration Project
Angola Prospective Diamond Exploration Project • Project is upstream from the most prolific alluvial diamond mines (Cuango River) • 50 kimberlites including a 24 hectare pipe have been discovered • To date the diamond source has not been found • Two large targets (7 and 18 hectares) confirmed as kim
Slide 27: Angola Near Term Catalysts for Value
Angola Near Term Catalysts for Value • Several large (+10Ha) targets confirmed in field as kimberlites • Core shipped by air back to Canada for analysis Discovered Kimberlites and Geophysical Anomalies Abundant Alluvial Diamonds Downstream of Metalex License 27
Slide 28: Angola Drilling Complete
Angola Drilling Complete 28
Slide 29: Quebec - James Bay Lowlands
Quebec - James Bay Lowlands Early Stage Diamond and Base Metals Exploration Project • Metalex holds a 33% interest in diamond projects and 50% interest in metal projects located in the James Bay region of Quebec. • Approximately 40,000 hectares staked in joint venture • Several sampling programs hav
Slide 30: Quebec - James Bay Lowlands 2012 Progress
Quebec - James Bay Lowlands 2012 Progress • Processing of 2,000 samples completed • These results guided the acquisition of claims over areas anomalous in gold, base metals, uranium and diamond indicator minerals claims cover 20,100 hectares 11 claim blocks staked ¾ 4 staked for gold ¾ 1 staked
Slide 31: Quebec - James Bay Lowlands 2013 Plans
Quebec - James Bay Lowlands 2013 Plans • Processing of samples from 2012 field program • These results will guide further acquisition of claims over areas anomalous in gold, base metals, uranium and diamond indicator minerals • Airborne geophysics (Electromagnetic +/- Magnetic +/- Radiometric) will
Slide 32: The Company Capitalization and Ownership
The Company Capitalization and Ownership Company Name Metalex Ventures Ltd. Symbol MTX-TSXV Shares Outstanding 66.5 million Share Price (Dec 5, 2012) $0.195 Market Capitalization $13 million Options 6.8 million @ $0.54 - $4.50 Warrants 7.6 million @ $0.90 - $1.00 Fully Diluted Shares O/S 80.9 millio
Slide 33: The Company The Road Ahead - 2013
The Company The Road Ahead - 2013 • U2 – potential start of the collection of the 10,000 ton bulk sample • Morocco – processing of collected samples, additional target testing, geophysics, drilling • Quebec – processing of samples, geophysics, drilling • Angola – decision as to whether we continue w
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