Aureka Limited · ASX:AKA
Aureka — Navarre Minerals — Shareholder Meeting (November 2011)
27 slides from Aureka's shareholder meeting presentation, Nov 25, 2011
Slide 1: 2011 Annual General Meeting Presentation
2011 Annual General Meeting Presentation Geoff McDermott - Managing Director 25 November 2011
Slide 2: Forward-looking statement & disclaimer
Forward--looking statement & disclaimer Forward The information contained in this presentation has been provided by Navarre and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representativ
Slide 3: Our pathway to exploration success
Our pathway to exploration success Our goal is to define a maiden mineral resource by December 2012 and then to become a low-cost, significant Victorian gold producer. Our pathway is built on four pillars: • Quality assets • Science to reduce time and cost to discovery • Growth in resources • Streng
Slide 4: 2011 milestones
2011 milestones Focused and streamlined 1) Initial Public Offering completed • Raised $3.5 million & listed on ASX on 31 March 2011 2) Exploration success at Bendigo North Gold Project • Greenfields gold discovery under shallow cover • 10m @ 34.4g Au/t from 37m down-hole in ACT015, incl. 2m @ 161.2g
Slide 5: Investment case
Investment case • Quality: Portfolio of properties along high-grade mineral corridors below shallow cover in areas that have seen little or no previous exploration • Science: Apply innovative technology and new geological thinking to reduce time and cost to discovery • Growth: Ownership of a potenti
Slide 6: Management team
Management team Experience & results • Geoff McDermott – Managing Director & CEO • John Dorward – Business Development • Steve Harper – Chief Geologist • Zac Dornom – Project Geologist • Jodi Ford – Financial Controller • Anthea Perry – Administration & Logistics • Board & Management — Combined 55 y
Slide 7: Victorian Projects
Victorian Projects
Slide 8: Victorian footprint
Victorian footprint Excellent exposure to gold and base metals growth Ballarat – Bendigo Corridor Bendigo North Project • Quartz Reef & Secondary gold Ballarat South Project • Quartz Reef gold Landsborough Fault Corridor Kingston Project • Quartz Reef gold Grampians –Stavely Corridor Black Ranges Pr
Slide 9: Pathway to exploration success
Pathway to exploration success Bendigo North (Tandarra) our flagship asset Our goal is to define a mineral resource and then be a significant gold producer by advancing this project sequentially over the near-term. We believe Tandarra has the potential to be a company-maker. This conceptual chart re
Slide 10: Tandarra: An emerging gold district
Tandarra An emerging gold district • 100% ownership of flagship project • New Farm-in tenements expand our footprint • Optimum position in this emerging gold district • Near surface greenfields gold discovery with potential for open pit mining • Target concept: multiple “Bendigo-style” gold in quart
Slide 11: Tandarra: Best gold prospect in Victoria
Tandarra Best gold prospect in Victoria • We believe that Tandarra is the highest quality new gold discovery in Victoria in the past 100 years • Our objective is to advance Tandarra to mineral resource status as efficiently as possible • Exploration has identified six high-grade gold (>20g Au/t) int
Slide 12: Tandarra: High-quality project
Tandarra High-quality project Tandarra drill highlights* Minimum Gold Maximum Gold • Gold results are: moderate to Hole ID Length (m) Assay Range (g Au/t) Assay Range (g Au/t) high-grade; close to surface; ACT024 12.0 0.3 2.8 potentially open-pit mineable; includes 1.0 2.6 26.2 near established infr
Slide 13: Tandarra: Project growth
Tandarra Project growth 2007 Drilling 2011 Drilling
Slide 14: Tandarra: 2011-12 Strategy
Tandarra 2011-12 Strategy • $4.2 million exploration program • Resource definition drilling commences on or about 30 November 2011 • 110 line kilometres of geophysics • Targeting maiden resource by • Up to 50,000 metres of drilling December 2012 • Commence geophysics and air-core • Initiate feasibil
Slide 15: Comparison to the Bendigo Goldfield
Tandarra Comparison to the Bendigo Goldfield Tandarra and Bendigo Goldfield at same scale
Slide 16: Tandarra summary
Tandarra summary An emerging gold district New greenfields discovery • No previous mining concealed under shallow sands & clays • Multiple lines of reef detected potential for repetition at depth • Potential for secondary gold alluvials, deep leads Near surface mining opportunity from multiple lines
Slide 17: Project Pipeline
Project Pipeline
Slide 18: Kingston
Kingston Emerging gold project close to established infrastructure • At-surface, oxide gold mineralisation with shallow high-grade gold intercepts to follow up • 100% owned with dominant position along prospective Landsborough Fault • Historic mining over 1,000 metres of strike to 75 metres deep - h
Slide 19: Kingston
Kingston Previous high-grade gold intercepts to follow up • Diamond drill program scheduled to commence in December 2011
Slide 20: Black Ranges
Black Ranges Significant copper-zinc-gold prospect • We believe that the Black Ranges Volcanic rocks are similar in age and geology to Tasmania’s Mt Read Volcanics - host to large deposits such as Mt Lyell, Rosebery, Henty & Hellyer • Under-explored due to poor outcrop and shallow cover • 100% owned
Slide 21: 2011-12 catalysts & milestones
2011--12 catalysts & milestones 2011 This conceptual chart represents an estimated timeline of the Company’s projects. As new information is received from exploration activities this timeline may be subject to change. To date, there has been insufficient exploration to estimate a mineral resource an
Slide 22: 2012 exploration plan
2012 exploration plan Poised for growth • Drilling phases at Tandarra, Kingston, Raydarra and Sebastian • Geophysics programs at Tandarra, Kingston, Raydarra and Black Ranges • Resource modelling and grade estimation at Tandarra • Subject to success … bulk sampling, metallurgical test work and comme
Slide 23: For more information contact Navarre Minerals Limited
For more information contact Navarre Minerals Limited Operations Office: 40 – 44 Wimmera Street Stawell VIC 3380 Tel: 03 5358 8623 Website: www.navarre.com.au Email: [email protected]
Slide 24: Appendix
Appendix, j < a
Slide 25: Corporate
Corporate ASX code NML (listed 31 March 2011) Shares on issue 55.8 million Options 1.8 million (unlisted) Share Price 27c (24 November 2011) Market Cap $15 million Cash $5.4 million (30 September 2011) Major Shareholders AuRico Gold (Northgate) 9.3% Board & Management 26.5% Top 20 shareholders 63.5%
Slide 26: Experienced board
Experienced board Kevin Wilson Chairman Rey Resources, Leviathan Resources, Merrill Lynch, Anglo American Geoff McDermott Managing Director Leviathan Resources, MPI Mines, WMC, Rio Tinto John Dorward Non-executive Director Fronteer Gold, Mineral Deposits, Leviathan Resources, MPI Mines, Bank West Co
Slide 27: Bendigo Goldfield
Bendigo Goldfield World class gold deposit Source: Catalyst Metals Limited ASX release 20 July 2011
Navarre Minerals — Shareholder Meeting (November 2011) on 6ix