Altoro Metals Limited · ASX:ARO
Altoro Metals — Variscan Mines — IMARC (November 2015)
18 slides from Altoro Metals's conference presentation, November 2015
Slide 1: Leading Mining Resurgence In France
Leading Mining Resurgence In France November 2015 La Porte-aux-Moines Greg Jones Managing Director
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation contains forward looking statements that are subject to risk factors associated with resources businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables
Slide 3: Company Snapshot
Company Snapshot Capital Structure Only ASX-listed resources company focused on ASX Code: VAR minerals rich, mainland France Shares: 306M Options: 150M Most active explorer in country Share price: 3c Advanced projects only Market Capitalization: $9.2M Cash: $0.7M Six granted tenements - four
Slide 4: Board & Management
Board & Management Pat Elliott • +35 years experience in corporate management and investment with former roles at Morgan Chairman Grenfell Aust. and Natcorp Investments • Active in early stage venture capital investor with emphasis on resources • Geologist with +30 years of exploration &operational
Slide 5: Why France?
Why France? Strong mineral endowment Uranium - formerly one of Europe’s largest producers Gold – major deposits in Salsigne and Limoges regions Tin - Abbaretz – similarities to Cornwall Copper-lead-zinc – numerous MVT, Sedex and VMS deposits Excellent prospectivity – no significant exploration f
Slide 6: Significant deposits in Europe
Significant deposits in Europe
Slide 7: Project Portfolio
Project Portfolio oT Fy j= Paris ~7 ye ) FRANCE > [J Paris Basin Sediments £1) Carboniferous Metamorphic domain E| [IIB Paleozoic (Pre Carb) [ cadomian vasement En] eroverian ‘N= principal structures 2) I ordovicien SZ Granted ERs HB cadomian G FRANCE Granted Licences and Geology of Brittany
Slide 8: Project Portfolio
Project Portfolio Project Area Commodity Significant High grades Pre-JORC (km2) old mines in exploration Resource Merléac 411 Zn, Pb, Cu, Ag, Au Silfiac 173 Zn, Pb, Ag, Ge Tennie 205 Zn, Pb, Cu, Au Beaulieu 278 Sn, W Loc Envel 336 W, Cu St Pierre 386 Au 42 W, Cu, Au Applications 166 W High Quality A
Slide 9: Merléac
Merléac 411km2 containing advanced VMS prospect – Porte-aux-Moines High grade with excellent expansion potential Numerous prospects - 80 strike kilometres of host rocks
Slide 10: Porte-aux-Moines
Porte-aux-Moines Extensive work by BRGM in 1970s/80s • 6,843 m surface drilling (43 holes) • 2,830m underground drilling (29 holes) • 2km underground development Value of work completed to date >A$10M
Slide 11: Porte-aux-Moines Drilling
Porte-aux-Moines Drilling Three surface core holes retrieved from BRGM* Good condition Assayed by ALS Geochemistry High grades – often +15-20% Zn eq Confirmed quality of BRGM work JORC Resource calculation planned 2Gb dataset received Data conversion commenced *Bureau de Recherches G
Slide 12: Porte-aux-Moines drill core
Porte-aux-Moines drill core High grade, sphalerite (light honey colour) dominant massive sulfides in PAM5 Massive sulfide zone in PAM5
Slide 13: ALS drill core assays
ALS drill core assays PAM5 From (m) To (m) Interval (m) Zn % Pb % Cu % Ag g/t Au g/t Zn Eq 211.0 225.0 14.0 7.1 1.2 1.0 101.1 0.8 12.1% including 212.0 220.0 8.0 11.8 2.0 1.1 165.9 1.4 18.7% 236.0 267.0 31.0 10.4 2.1 1.2 105.5 1.0 17.1% including 236.0 244.0 8.0 25.0 5.4 1.6 208.5 1.4 36.7% includin
Slide 14: PAM5 results
PAM5 results Classic VMS system Three mineralised horizons Typical VMS cluster? >250 metres in length Open at depth and along strike Distinct expansion potential
Slide 15: Merléac Exploration
Merléac Exploration Strong regional potential - Numerous VMS targets detected
Slide 16: Value creation strategy
Value creation strategy Porte-aux-Moines JORC Resource estimate Drill to expand resource around Porte-aux-Moines Drill test new VTEM targets in Merléac Drill test other pre-JORC resources (zinc-lead-silver, tin, tungsten) Further licence approvals Apply modern exploration techniques/geol
Slide 17: Highlights
Highlights Unique positioning in France – Highly prospective projects in a ‘forgotten’ minerals-rich country First Mover advantage – project selection with little competition Six granted tenements - four with pre-JORC resources Advanced, high grade zinc-rich deposit - Porte-Aux-Moines - genu
Slide 18: THANK YOU
THANK YOU VARISCAN MINES LIMITED ABN: 16 003 254 395 Level 1, 80 Chandos Street, St Leonards NSW 2065 Postal: PO Box 956, Crows Nest NSW 1585 Telephone: +61 2 9906 5220 Facsimile: +61 2 9906 5233 Email: [email protected] Website: www.variscan.com.au ASX Code: VAR