Skylark Minerals Limited · ASX:SKM
Skylark Minerals — Ironbark Gold — Investor Presentation (March 2007)
21 slides from Skylark Minerals's investor presentation, Mar 2, 2007
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Slide 2: Important Information
Important Information The information is for shareholders and not intended to guide any investment decisions in Ironbark Gold Limited (Ironbark). Some of the information is intended as a guide to the potential of the Citronen zinc project but is not predictive. Consideration of the technical and fin
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Slide 4: What is Citronen?
What is Citronen? * One of the worlds largest undeveloped zinc projects ¢ Already ~17 Mt @ 7.8% zinc, 0.9% lead (8.3% zinc equivalent) * +10% zinc zones defined ¢ Shallow and continuous ore zones - start from surface ¢ Exceptional exploration potential * Edge of a deep water fjord — favourable for s
Slide 5: Past producing zinc mines in the Arctic
Washington Polaris Zinc Production 1982 - 2002 Nanisivik Zinc Production 1976 - 2000 Maarmor (Black Angel) Zinc Production from 1973 - 1990
Slide 6: Citronen Resource
Citronen Resou rece One of the largest undeveloped zinc projects in the worid Citronen Project Resource Estimate (1) Million tonnes | % Zinc (Zn) % Lead (Pb) Category (Mt) 7.4 8.8 1.1 Indicated (2) 9.7 7.1 0.7 Inferred (3) 16.8 7.8 0.9 Total Notes 1) Resource estimate taken from the Platinova A/S 19
Slide 7: How does Citronen compare?
How does Citronen compare? Teck Cominco (World #2 zinc miner) - Zinc Growth Pipeline 2006 2007 2008 2011 2012 —— Committed Development (42 rtrnene Potential Development Teck Comince Development Projects Base Metals Mt* Cu Zn Pb Interest Teck Cominco Lennard Shelf 3.1 8.5% 2.0% 50% Sa Dena Hes 2.2 10
Slide 8: Production
Production “Order of Magnitude” scoping study conducted by Kvaerner in 1997 ( Zinc price was ~US$0.40/Ib ) Study returned total operating costs ~US$0.34/lb Mining rate of 3,000 tons per day from a 1.6km decline Study contemplated mining only the 6.7Mt Beach Zone Total Capital Costs estimated at US$1
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Slide 10: Outstanding Exploration Potential
Outstanding Exploration Potential First discovered in 1993 — low prevailing base metal prices and falling exploration curtailed project exploration and development Four drilling campaigns drilled 147 diamond holes for 32,826 metres Limits of mineralisation have not been determined at many locations
Slide 11: Kilometre mineralisation trend covered by Ironbark tenements
35 kilometre mineralisation trend covered by 560 square kilometres of Ironbark tenements Sulphide accumulations readily identified using gravity Target resources of 20-25Mt within main project area Outside main project area? SEDEX types can be +100’s Mt in size and occupy a province (Cf Red Dog in C
Slide 12: Exploration potential showing significant intercepts
(anly pi exploration to date) 0.9/7.4 11.6/5.7 4.4/6.1 a 1 2km . drill callar location 10.0/4.6 10.0m @ 4.5% Zn CT plan_207 , [Western Zone! 1 Zo - Citronen Zinc tennant Ersum Zone (only preliminary exploration to data} Holes not effect 12.0/6.5 ° Project Exploration Potential showing significant in
Slide 13: Exploration potential
Exploration potential - Current i estimate --~. outline North CT Bz grew 02 resource ee ™ fl Citronen Fiord ¢ %, 2 & @ 4% e » Exploration potential th survey extent Citronen Project Zinc-Lead sulphide and gravity high corre/ation plan Relative Gravity (against background) | High Medium Low | Survey
Slide 14: Beach Zone
Beach Zone Cross Section | a . _ , dm, Ar Strip BALE po St gy
Slide 15: Beach Zone North-South Section
a5n@ 2im@ S3m@ Lim@ 3an@ Fimg L2A Zone Wrein LIKE 1O7%Zn 1.0%Zn 9.2%7n 72% Zn 36 Pb 1% Ph AUP Ph ge ph | 06% Pb . : : : " ; \ , \ yA s \ \ 4 \ surnmer tidal reach, | ie sai ‘ iv / ——- \ , 4 ‘ 2.3m @ STm@ sim@ 49m@ ame 3.2m @ B5% zn 80% gn 9%7n 144%2%n 129%2n 488% Fn 6H Fn L2B Zone 0.4% Pe 0.4% Blo O
Slide 16: Dual Development Strategy
Dual Development Strategy _ : 1 Lronbark will aggressively explore Citronen to significantly expand on the current 17 Mt resource 2 Ironbark will immediately commence a Feasibility Study on the existing resource* * tronbark considers that the current resource has the potential to support a large sca
Slide 17: Australian Exploration Projects — Base Metals
Australian Exploration Projects — Base Metals Ironbark also has two advanced base-metal projects in NSW-Australia which the company is actively exploring: ¢ Belara: Advanced copper-lead-zinc-silver project - maiden JORC compliant resource estimate imminent following the recent drilling program. Targ
Slide 18: Australian Exploration Projects — Gold
Australian Exploration Projects ~ Gold Ironbark holds several gold projects at varying levels of exploration: Stuart Town * Historic goldfield that has a production history of at least 170k oz of gold. The project is prospective for large scale Intrusion Related gold mineralisation. Pambula * Histor
Slide 19: Capital Structure
Capital Structure Purchase Price: $6M Cash 8M Shares 16M Options ($1.50 exercise) Pro Forma following completion of the Citronen Zinc Project purchase: Shares on issue 30.5 million* Options on issue 2 million ($0.30 exercise) 16 million ($1.50 exercise) * Note: Ironbark will be required to raise fur
Slide 20: Board of Directors
Board of Directors Peter Duncombe Bennetto- Non Executive Chairman 30 years experience in banking and investment. Jonathan Charles Downes — Executive Managing Director B.Se Geol, MAIG Geologist with 12 years experience in the minerals industry. Adrian Paul Byass — Executive Technical Director B.Sc H
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