Power Minerals Limited · ASX:PNN
Power Minerals — PepinNini Minerals — Shareholder Meeting (November 2010)
28 slides from Power Minerals's shareholder meeting presentation, Nov 24, 2010
Slide 1: For personal use only
For personal use only 1
Slide 2: Capital Structure
Capital Structure For personal use only (21st November, 2010) z 78,202,499 78 202 499 shares on issue z Currently 1,880 1 880 shareholders z 54% off iissued d capital it l h held ld by top 20 shareholders z Currently capitalised at AUD$15.6 million z Current cash AUD$4 million (+ AUD$5 million expen
Slide 3: Corporate Structure
Corporate p Structure (21st November, 2010) For personal use only 7 Musgrave Tenements PepinNini p Minerals 100% 23 Queensland Tenements Nickel, copper, lead, zinc and Gold, copper, lead, zinc, uranium silver Limited and phosphate 100% PepinNini Resources PepinNini Resources PepinNini Robinson Pepin
Slide 4: Project areas: Queensland, Musgrave, Robinson Range, Curnamona
For personal use only North Queensland (exploration) Musgrave Province (exploration) Robinson Range Iron Ore (exploration) Curnamona Province (U3O8 Development) 4
Slide 5: Argentina entry map
Currently : incorporating an Argentinean entity to acquire exploration tenure and assessing —— % 32° Fs e 52°, | cx REPUBLICA REP UBLICA DEL E 9S, Peha , heciait FA j c ° hie cy a wih YUAN | P tat = rand °° See, | OR! re : . Br & 32 ° > YY ‘ S Ss o & Son Eg .-) ~ oom Z i) $m w ¢ ~ ARGENTINA -) lie l
Slide 6: 2010 Highlights
2010 Highlights For personal use only ● Completion of Farm-in obligations to earn a 50% interest in 3 tenements and a 40% interest in 4 tenements with iron ore potential in the Midwest of WA. Execution of a JV Agreement to explore and develop the identified Direct Shipping Ore (DSO) potential. Subst
Slide 7: 2010 Highlights
2010 Highlights For personal use only ● Drilling program of 25 RC boreholes completed on Queensland tenements targeting high grade gold and copper. Encouraging early results including : z 2 metres @ 10.1g/t g g gold,, 33g/t g silver and 0.6%copper pp z 1 metre @ 20.3 g/t gold, 35g/t silver and 0.6%
Slide 8: 2010 Highlights
2010 Highlights For personal use only ● Awarded an additional two exploration licence applications in the Musgrave Province through a tender process conducted by Primary Industries & Resources South Australia (PIRSA). The areas are considered highly prospective as they are dominated by Giles Complex
Slide 9: 2010 Highlights
2010 Highlights For personal use only ● Completion of a 8 diamond boreholes and 327 vacuum boreholes within EL 4048 Mt Caroline. Disseminated sulphides l hid and d ffavourable bl lithologies lith l i for f Ni-Cu Ni C sulphide l hid mineralisation were observed in all diamond boreholes ● Ten diamond
Slide 10: 2010 Highlights
2010 Highlights For personal use only ● An independent JORC compliant estimate of the mining recoverable uranium resources of the Crocker Well U Uranium i P Project j t was completed.l t d At a cutoff t ff graded off 150ppm U3O8 the combined deposits at Crocker Well consists i t off an IIndicated di
Slide 11: Musgrave Project Summary
Musgrave Project Summary For personal use only z 10 tenements covering g 9,601 , kms2 z Long term commitment to explore potential for world class size mineral deposits z Targeting Giles Complex mafic-ultramafic intrusions – prospective for Ni-Cu Ni Cu sulphide & PGE mineralisation z JV alliance lli
Slide 12: For personal use only
z Long term commitment For personal use only to explore potential for world class size mineral deposits z Company owned drilling rigs and support equipment i t z Company owned field camp z Cost effective exploration 12
Slide 13: Queensland Project Summary
Queensland Project Summary For personal use only ● 100% interest in 23 tenements covering 2,146 kms2 ● Confirmed high grade gold, copper, uranium, phosphate p p and p potash p potential ● Encouraging early results from current drilling program investigating high grade shallow gold and copper targets
Slide 14: The Return EPM15547 - Forsayth Project Drill Holes
The Return EPM15547 - Forsayth Project Drill Holes [Sept 2010] 773135ME 7938882mN ' aes J RkChip = 8.16 g/t Au 22.9 g/tAg RCIORTOO4 = TM cqq No Name Prospect. ¥ RCT BE o8b- ~ \ N \ » Big Reef South Prospect _ me 500m C1ORTO1 “actoRtod fate uncon OTe die contier ore 143° 36° ; 143° 38° 5 —_— Seeneeoe
Slide 15: For personal use only
For personal use only 15
Slide 16: The Return EPM15547 - Forsayth Project Drill Holes
The Return EPM15547 - Forsayth Project Drill Holes [Sept 2010] & — " ~~ J ™ @ fA, we - KS ——*s _ — We Neel 8 vente SNe Ae ‘aieusinen he RCLORTOIN py . oe sem RCIORTO10 Federation Prospect Asm @ 2.08 g/t Av, 6.03 g/t Ae J am @ 7.16 g/t Au, 12.57 g/t Ag RCLORTOOT ~——- he ~ ‘ & < 8 f° 2m @ 1.3 g/t Au,
Slide 17: Curnamona Project Summary
Curnamoma Project Summary For personal use only ● 40% interest in 5 tenements covering 3,778 kms2 ● Joint Venture alliance with Sinosteel Corporation Advanced Uranium Project – Crocker Well z JORC compliant uranium resource of 11.66million lbs. BFS currently y on hold until there is an improvement p
Slide 18: JORC Resource Crocker Well Deposit
JORC Resource Crocker C k W Well ll D Deposit it For personal use only (estimated by Hellman & Schofield April, 2010) Category Pounds (U3O8) Tonnes (U3O8) Cut-off Grade Ave. Grade Indicated 8,270,000 lbs 3,750 tonnes 150ppm 283ppm Inferred , , 3,390,000 lbs 1,537 , tonnes 150ppm pp 275ppm pp 18
Slide 19: Previous explorers' drill intersections
For personal use only Encouraging drill intersections by previous explorers include 10m @ 2.07g/t Au, 0.74% Cu, 5.6m @ 8.5% Cu and 32m @ 0.66% Zn 19
Slide 20: Robinson Range Iron Ore Project Summary
Robinson Range Iron Ore P j Project Summary S For personal use only z 7 tenements covering 700km2 Fe prospective ground in Midwest Province z PepinNini has a 50% interest in the iron ore rights of three tenements and 40% interest in an additional four tenements z DSO grades, grades >60%Fe, >60%Fe lo
Slide 21: Infrastructure and project location
Infrastructure andd project j t llocation ti For personal use only 21
Slide 22: Robinson Range Project Location
For personal use only Robinson Range Project Location 22
Slide 23: Identified Iron Outcrops Robinson Range Project
For personal use only Identified Iron Outcrops Robinson Range Project 23
Slide 24: Iron Outcrop Robinson Range Project
[67.3% Fe] For personal use only Iron Outcrop Robinson Range Project 24
Slide 25: Robinson Range Iron Ore; Queensland Project 2011 Program
Robinson Range Iron Ore For personal use only z 70 RC boreholes for 5,000 metres about to commence at Robinson Range Project in WA. WA z Initially targeting an Inferred JORC resource of at least 10 million tonnes DSO grade hematite and delineation of the potential for a resource of at least 100 mill
Slide 26: Curnamona and Musgrave 2011 Program
Curnamona Province Project z 4 deep(500m) precollared diamond For personal use only cored boreholes investigating base metal targets g to commence before end of 2010. z 4,000m aircore program also to commence before the end of the year targeting shallow gold, base metal and uranium mineralisation. z
Slide 27: Argentina Project 2011 Program
For personal use only Argentina Project z Establish a portfolio of projects j through g the application for prospective exploration tenure and the acquisition of quality existing projects z Commence field exploration activities within Argentina z P Pursue opportunities t iti in i other th South S th
Slide 28: Disclaimer / Thank You
For personal use only Disclaimer: Thank You • Th information The i f m ti in i this presentation s t ti is published blish d to t inform i f m you about b t PepinNini P i Ni i Minerals Mi ls Limited Limit d and d its activities. tiviti s All reasonable s bl effort ff t has been made to provide accur
PepinNini Minerals — Shareholder Meeting (November 2010) on 6ix