Focus Minerals Ltd · ASX:FML
Focus Minerals — Austminex — Investor Presentation (April 2005)
23 slides from Focus Minerals's investor presentation, Apr 11, 2005
Slide 1: Making the Transition
“Making the Transition”
Slide 2: Corporate Details
Corporate Details Shares on Issue 244M Share Price $0.67 Market Capitalisation $16.4M Austminex is an exploration company with advanced gold and nickel projects in the world class Kalgoorlie - Coolgardie - Widgiemooltha mineral province.
Slide 3: Comparative Enterprise Value
Comparative Enterprise Value EV per Resource Ounce 140 118 120 99 EV/oz (A$) 100 90 88 80 68 66 $68/oz 60 39 40 20 16 12 0 CMX NMC LAF BMO CTO TAM VRE ATX RED EV/resource ounce Median
Slide 4: The Board
The Board Donald Taig Chairman Peter Williams Managing Director Kate Hobbs Executive Director Management Chuck McCormick Exploration Manager Jack Toby Company Secretary
Slide 5: Austminex Gold Resources
Austminex Gold Resources Project Type Tonnes Grade g/t Gold The Mount Inferred 2,130,000 5.2 356,620 Dreadnought Indicated 971,000 2.51 78,400 Dreadnought Inferred 2,572,000 1.94 160,400 Norris Inferred 555,000 4.32 77,085 Lord Bob Indicated/Inf 844,189 1.56 42,340 Boundary Inferred 178,000 3.50 20,
Slide 6: Ewes
Ewes ae Coolgardie Coolgardie i Gold Project 77 ‘Ss Dae
Slide 7: Coolgardie Gold Project
Coolgardie Gold Project Option to acquire CGP from Herald and Leviathan Total cost up to $5.5M Payment staged over 12 months Historic gold production 2.4 million ounces Includes Three Mile Hill gold plant 100km2 of under-explored ground
Slide 8: CGP Resource Table
CGP Resource Table Grade Project Tonnes Ounces (g/t) Lindsays 5,845,000 1.70 315,000 Greenfields 1,450,000 1.40 63,000 King Solomon 800,000 1.90 48,000 Extd Queen of Sheba 600,000 2.10 40,000 Empress/Alicia 550,000 1.50 27,000 Others 305,000 1.60 15,000 Low Grade 1,568,000 0.80 42,000 Brilliant 370,
Slide 9: Three Mile Mill Plant
Three Mile Mill Plant 1.2Mtpa Plant - Closing in April 2005 Operating efficiently but below capacity Will re-open when 5-year mill feed defined Includes offices, vehicles, large tailings dam
Slide 10: Matador JV
Matador JV JV covers the CGP and most of ATX’s gold assets MXN can earn up to 50% by expending 8M within 3 years MXN must expend $2.67 million in first year MXN will pay 50% of CGP acquisition cost and all of Option fee
Slide 11: Matador Exploration Inc
Matador Exploration Inc MXN-V is an established company recently listed on the Toronto Venture Exchange Highly experienced geologists with a group of successful exploration companies in North America, Africa, South America, and Australia Provides ATX with experienced exploration team
Slide 12: New Strategic Direction
New Strategic Direction Define 6 Mt Reserves and advanced Resources to provide 5 years mill feed Drill out strike and depth of Mount and Dreadnought Explore other ATX assets such as Norris, and CGP assets such as Countess Coherent regional exploration of consolidated ground Reshape ATX to be a 100,0
Slide 13: The Mount Gold Project
The Mount Gold Project 100% owned Resource 2.1Mt @ 5.2 g/t Au for 356,000 ozs Open in all directions Expanded tenements High grades extend to surface
Slide 14: The Mount Mining Lease
The Mount Mining Lease M15/30 N No 0 200 Fu 4 Ea 3m @ 7.3g/t ch st G metres s er Lo Lo m 1m @ 13.5g/t de 4m @ 3.0g/t de an M Numerous historic workings Lo ai Goodwyn 2m @ 3.7g/t de 3m [email protected]/t Pit Underground mining to 35 metres od e 3m @ 4.6g/t in 1980’s Vicks Pit 2m @ 23.0g/t 2m @ 7.4g/t Undergro
Slide 15: The Mount Mining Lease
The Mount Mining Lease M15/30 N n No io 0 200 Fu 4 ct Ea ch Se st G metres s er Lo Lo s m de os de an M Cr Lo ai Goodwyn n de L Pit od MTDD6 e Vicks Pit Ch uc k MTDD5’s No No Lo 1 3 de W Ea es st tL Lo od de e
Slide 16: The Mount Cross Section
The Mount Cross Section 2m @ 24.47g/t Au at 300m vertical
Slide 17: The Mount Gold Project Drill Results
The Mount Gold Project Drill Results • 11m @ 21.7 • 12m @ 6.3 • 4m @ 37.9 • 2m @ 24.7 • 5m @ 6.7 • 3m @ 6.2 • 2m @ 23.7 • 4m @ 22.1 • 2m @ 7.0 • 3m @ 22.7 • 2m @ 33.9 • 3m @ 12.7 • 9m @ 4.6 • 2.7m @ 25.5 • 2m @ 11.7 • 7m @ 5.6 • 4m @ 18.1 • 1m @ 30.5 • 20m @ 12.8 • 4m @ 13.2 • 6m @ 7.2 • 19m @ 14.0
Slide 18: The Mount Gold Geochemistry
The Mount Gold Geochemistry Au ppb 500 Anomaly +200ppb, 800m long 30 Core of anomaly +500ppb to 15 970ppb 5 Historic workings in centre of 0 anomaly N 0 1000 metres
Slide 19: Dreadnought Gold Project
Dreadnought Gold Project 100% owned Indicated Resource 971,000 @ 2.51 for 78,400 ozs Abuts Empress, Countess and Tindals mines Open to south Potential for underground (5 m @ 142 g/t Au at 200m depth south of Countess) Existing decline at Empress
Slide 20: Empress
: Empress Tindals - Cyanide In Production Historical and 1990's Pits + Underground ~—_ Reserves (Pre-mining) 2.600,000t @ 4.20 = 350.0000z 260 D00t @ 7.70 = 65,0000z DRILLHOLE
Slide 21: Dreadnought Project Drilling
Dreadnought Project Drilling Empress Underground Mine North West Zone Dreadnought East Lode Lode
Slide 22: Dreadnought Gold Project Selected Drill Results
Dreadnought Gold Project Selected Drill Results • 3m @ 11.5 g/t Au • 30m @ 3.4 • 15 m @ 16.3 • 14m @ 9.6 (incl 7m @ 29) • 12m @ 10.7 • 19m @ 6.2 • 7m @ 9.4 • 12m @ 4.2 • 5m @142 • 16m @ 2.5 • 12m @ 10.7 • 40m @ 3.2 • 14m @ 4.2 (incl 6m @ 11.6) • 30m @ 3.2 • 24m @ 2.4
Slide 23: Summary
Summary 1.4 million ounces of gold in resource Advanced gold assets put together with 1.2Mt pa plant 200km2 of under-explored ground over Coolgardie greenstone belt Joint Venture with Matador provides $8M exploration over 3 years and geological expertise Appointment of Peter Williams provides expert