Activex Limited · ASX:AIV
Activex — Investor Presentation (June 2012)
32 slides from Activex's investor presentation, June 2012
Slide 1: Investor Update – June 2012
Investor Update – June 2012 Managing Director Doug Young ActivEX Limited Discovering new gold-copper resources June 2012 1
Slide 2: ActivEX project locations
ActivEX project locations Cloncurry Barambah Esk Trough June 2012 2
Slide 3: Cloncurry Metals Province
Cloncurry Metals Province ActivEX - exciting new discoveries in high quality projects Cloncurry district - a world scale metals mining province o Mount Isa, Ernest Henry, Cannington, Century Resurgent neighbourhood o Exco sale to Xstrata 2010 o Ivanhoe production startups planned – Osborne Cu-
Slide 4: ActivEX at Cloncurry
ActivEX at Cloncurry Ernest Henry Rocklands Cloncurry Mt Isa Mary Kathleen Eloise Greenmount Kalman Florence Barnes Shaft Young Aust Mt Elliott/Swan Tick Hill Mt Dore/Merlin Starra Cannington Phosphate Hill AIV 100% AIV Joint Venture AIV Priority application Osborne June 2012 For complete informatio
Slide 5: Cloncurry – AIV holdings
Cloncurry – AIV holdings Multiple holdings, 992 km2 o Area has doubled in size o Granted area 832km2 o Priority for grant 154km2 Recent grants, Bulonga, Brightlands, Camel Hill – new targets being generated Florence – key project Mt Agate JV – AIV earning in Selwyn East – great address Jun
Slide 6: Sterling Prospect – drilling now
Sterling Prospect – drilling now Anomalous in Rare Earth Oxides Florence Flat up to 1% TREO Florence Bore Sterling – multiple high values up to South 0.45% TREO o QLD Government grant for drill funding awarded o Drill testing coincident geochem and conductivity anomalies Mt Agate JV (with CA
Slide 7: Sterling Prospect – drilling now
Sterling Prospect – drilling now IOCG target 9.5% Cu, 0.3g/t Au, 117ppm Mo Granite breccias 3.9% Cu, 0.07g/t Au, 427ppm Co 16% Cu, 11.4g/t Au, 1310ppm Mo 4.5km long Copper-cobalt Gold Molybdenum 720ppm Cu, 0.3g/t Au,1890ppm Mo Uranium 2.4% Cu, 1.35g/t Au,124ppm Mo REOs 3.2% Cu, 0.3g/
Slide 8: Florence Project
Florence Project Copper-gold-cobalt discoveries in 2010-2011 From extensive drilling – 7.6km in 57 holes Significant high grade zones Shallow mineralised zones puts focus on potential open pits June 2012 SAM conductivity image 8
Slide 9: Florence Bore North (FBN)
Florence Bore North (FBN) Discovery hole 2010 o 32m @ 1.09% Cu, 0.12g/t Au, 123g/t Co 2011 drilling highlights o High grade zones intersected o 22m @ 1.03% Cu, 0.07g/t Au, 44g/t Co o 14m @ 2.04% Cu, 1.08g/t Au, 101g/t Co June 2012 9
Slide 10: Florence Bore North (FBN)
Florence Bore North (FBN) Discovery hole 2010 o 32m @ 1.09% Cu, 0.12g/t Au, 123g/t Co 2011 drilling highlights o High grade zones intersected o 22m @ 1.03% Cu, 0.07g/t Au, 44g/t Co o 14m @ 2.04% Cu, 1.08g/t Au, 101g/t Co Near surface o All intersections above 120m o Oxide copper Economic sca
Slide 11: Florence Bore North (FBN)
Florence Bore North (FBN) Near surface mineralised zones Open at depth June 2012 Deep drilling planned - commencing soon 11
Slide 12: Florence Bore South (FBS1)
Florence Bore South (FBS1) Discovery hole o 38m @ 0.44% Cu, 0.06g/t Au, 116g/t Co 2011 drill highlights o Wide zones of mineralisation o 86m @ 0.39% Cu, 0.05g/t Au, 60g/t Co o High grade zones o 14m @ 1.42% Cu, 0.32g/t Au, 230g/t Co June 2012 12
Slide 13: Florence Bore South (FBS1)
Florence Bore South (FBS1) Discovery hole o 38m @ 0.44% Cu, 0.06g/t Au, 116g/t Co 2011 drill highlights o Wide zones of mineralisation o 86m @ 0.39% Cu, 0.05g/t Au, 60g/t Co o High grade zones o 14m @ 1.42% Cu, 0.32g/t Au, 230g/t Co Second potential open pit o 3km south of FBN o All intersecti
Slide 14: Florence Bore South (FBS1)
Florence Bore South (FBS1) Copper drill intersections consistently high in rare earth elements Plot of copper + cobalt (green) vs TREO (purple) shows coincidence of mineralisation styles Investigating mineralogy June 2012 For complete information on TREO results see ASX release 31 January 2012
Slide 15: Florence Bore South (FBS2)
Florence Bore South (FBS2) Mineralisation over 400m Deeper drilling shows sulphides with higher grades in primary zone o 4m @ 3.68% Cu, 0.74g/t Au, 226g/t Co Potential for third open pit More drilling required June 2012 15
Slide 16: Selwyn East Project – great address
Selwyn East Project – great address Cu-Au EPM 18073 Mo-Re Cu Au-Cu Oct 2011 16
Slide 17: Selwyn East Project - work started
Selwyn East Project - work started AIV 100% EPM granted Sept 2011 Radiometrics shows clear structures - related to Merlin-Mt Dore trend Structures splay into AIV ground ActivEX Selwyn East Exploration commenced June 2012 radiometric image 17
Slide 18: Selwyn area - hyperspectral
Selwyn area - hyperspectral Hyperspectral data from QLD Mines Department and CSIRO Ferric oxide channel – defines major structures as for radiometrics Also shows late stage brittle (cross) fractures – potential conduits for mineralising fluids Molybdenum rich zone between Merlin and Cave Hil
Slide 19: Heathrow Gossans – new discovery
Heathrow Gossans – new discovery Outcrop over 800m Anomalous values up to 2700ppm copper, 536ppm cobalt, 0.17ppm gold, 652ppm molybdenum and 9000ppm TREO ActivEX Selwyn East June 2012 19
Slide 20: Heathrow (SAM) Magnetic Anomaly
Heathrow (SAM) Magnetic Anomaly Magnetic anomaly 4.5km long, mostly obscured by sand Gossans located at southern end Dolerites associated Disrupted by late brittle fractures Second magnetic anomaly with associated gossans – JFK (2000ppm copper) June 2012 ground magnetic image 20
Slide 21: Heathrow (SAM) Conductivity
Heathrow (SAM) Conductivity Strong resistive zone (blue) related to Heathrow gossans Significant conductivity anomaly (white) – main section 1400 metres long, up to 250 metres wide Conductive anomaly completely covered by sands Conductivity shows linking between parallel structures – possibl
Slide 22: ActivEX Projects - SEQ
ActivEX Projects - SEQ Esk Trough June 2012 22
Slide 23: Esk Trough Joint Venture
Esk Trough Joint Venture $6M Coppermoly Joint Venture o COY spend $3M to earn 51% o COY spend further $3M to earn 70% o AIV claw back to 40% Targeting porphyry Cu-Au-Mo o Wide zones - 290m @ 0.13% Cu o Good grades - 88m @ 0.47%Cu, 0.49g/t Au 3DIP program refines drill targets Drilling at Whi
Slide 24: White Horse Prospect
White Horse Prospect Significant zones of shallow secondary copper enrichment in all holes drilled Highlights - o ABJ020 - 26m @ 0.85% Cu from 21m o ABJ021 – 28m @ 0.96% Cu from 29m o incl 17m @ 1.4% Cu from 32m o ABJ023 – 15m @ 1.09% Cu from 29m o ABJ025 – 13m @ 1% Cu from 27m o ABJ027 – 30m @
Slide 25: White Horse Section
White Horse Section Flat lying secondary enrichment zone above low grade porphyry mineralisation Enriched blanket of chalcocite and copper oxides – potential for heap leach Shallow mineralisation - from surface to 50 metres deep June 2012 25
Slide 26: ActivEX Projects - SEQ
ActivEX Projects - SEQ Cracow Barambah June 2012 26
Slide 27: Barambah Project
Barambah Project Cracow style high grade gold-silver Bonanza Grades o 2m @ 15.9g/t Au, 1,556g/t Ag o 17.15m @ 4.98g/t Au, 118g/t Ag o 5.4m @ 2.64g/t Au, 247g/t Ag Accessible from open pit or shallow underground Treatment options within 50km June 2012 27
Slide 28: Barambah Project - new vein found
Barambah Project - new vein found Parallel vein system discovered outside tested area High grade gold-silver values o Up to 18.6g/t Au and 214g/t Ag Drill program planned o Main vein - down plunge o Parallel vein system June 2012 28
Slide 29: Capital Structure
Capital Structure Issued Capital 190,090,391 Listed Options (exercise at $0.08, 31-07-2012) 70,164,369 Unlisted Options 3,150,000 Market Cap (6-2012) $3.9M Key Holders o ASF Group Limited 13% o M Ruane (& Associates) 12.8% o MD 5.6% Cash $1M One year Price/volume Graph June 2012 29
Slide 30: Key Management and Board
Key Management and Board Dick Keevers - Chairman Former broker, geologist, formerly CEO and Exec Chair Electrometals, current NED of Cerro Resources Doug Young - Managing Director Geologist, 30 years experience with North, Griffin Group incl 20 years as mineral and coal exploration consultant, A
Slide 31: Project Aims 2012
Project Aims 2012 Cloncurry – copper-gold-cobalt o Establish JORC Resources at Florence o Convert Mt Agate and Selwyn East into Resource targets Esk Trough – copper o Extend enrichment mineralisation Barambah – gold-silver o Build on bonanza gold-silver grades o Test parallel vein system June
Slide 32: Thank you
ActivEX – a transforming company Converting strategic ground position into potential copper and gold mines Thank you Information provided is for information purposes and does not constitute financial product advice. You should obtain independent advice before making any financial decisions. Althou