Australian Mines Limited · ASX:AUZ
Australian Mines — RIU Explorers Conference February 2005
31 slides from Australian Mines's conference presentation, February 2005
Slide 1: Australian Mines Ltd
Australian Mines Ltd RIU EXPLORERS CONFERENCE FEBRUARY 2005 www.australianmines.com.au
Slide 2: Disclaimer
Disclaimer The material used in this presentation is intended to be a summary of operational and geological activities, that are current and proposed based on the information available to Australian Mines Limited at the time. This presentation may also contain “forward-looking statements”, which are
Slide 3: Company Overview
Company Overview Progressive. Resourceful. Nickel producer Increasing production and extending mine life Large 110km2 tenement position Exploring for gold & nickel www.australianmines.com.au
Slide 4: Board & Management
Board & Management Board of Directors Keith Liddell (Non-Executive Chairman) Barry Cahill (Managing Director) Neil Warburton (Non-Executive Director) Tony Fairweather (Non-Executive Director) Management Brendan Cummins (Exploration Manager) Brett Young (Chief Financial Officer / Company Secretary) C
Slide 5: Corporate Structure
Corporate Structure ASX Code: AUZ Shares on Issue: 144.6 Million Unlisted Options: 53.6 Million Market Capitalisation: ~A$14.5M www.australianmines.com.au
Slide 6: Project Overview
Project Overview Kalgoorlie BLAIR PROJECT Perth www.australianmines.com.au
Slide 7: Blair Project - History
Blair Project - History Discovered 1988; first mined in 1989 Produced over 1Mt of ore @ 2.5% Ni for 26,000 tonnes of Ni metal AUZ purchased and re-opened November 2003 Main decline recommenced September 2004 First mining of deeper reserves November 2004 www.australianmines.com.au
Slide 8: Blair Nickel Mine
Blair Nickel Mine Blair Aerial Photograph www.australianmines.com.au
Slide 9: Blair Project Nickel Operations
Blair Project Nickel Operations www.australianmines.com.au
Slide 10: Blair Nickel Mine - Operations
Blair Nickel Mine - Operations Resources & Reserves – June 2004 Tonnes grade Nickel tonnes t Ni % Ni t Resources 160,600 3.1 4,950 Reserves 93,500 2.6 2,410 www.australianmines.com.au
Slide 11: Blair Nickel Mine – Production
Blair Nickel Mine – Production Quarterly Results 25,000 600 500 20,000 400 Contained Nickel Tonnes 15,000 Ore Tonnes 300 10,000 200 5,000 100 0 0 Mar '04 Jun '04 Sep '04 Dec '04 M ar '05 Jun '05 Sep '05 Actual Ore Mined Forecast Ore Mined Actual Nickel Forecast Nickel www.australianmines.com.au
Slide 12: Blair Nickel Mine - Production
Blair Nickel Mine - Production Production 5,000 to 10,000 tonnes per month Contained Nickel of 150 tonnes to 200 tonnes per month Current cash costs of A$4.60/lb nickel Increase developed inventory Target project cash of $500k per month www.australianmines.com.au
Slide 13: Blair Nickel Mine - Deeps & Surfaces Plan
Blair Nickel Mine Deeps 01 & 03 Surfaces – Plan 03 Surface 02 Surface 01 Surface Blair Nickel Mine Geology Plan 1090mRL www.australianmines.com.au
Slide 14: Blair Nickel Mine - 3D Geometry
Blair Nickel Mine Deeps 01 & 03 Surfaces – 3D Geometry E Shoot L Shoot C Shoot Decline 03 Surface 01 Surface www.australianmines.com.au
Slide 15: Deeps Surfaces – Long Section
Blair Nickel Mine Deeps 01 Surfaces – Long Section N Looking East www.australianmines.com.au
Slide 16: Deeps Surfaces – Long Section
Blair Nickel Mine Deeps 03 Surfaces – Long Section W Looking North www.australianmines.com.au
Slide 17: Blair Nickel Mine - Future
Blair Nickel Mine - Future Develop and mine current reserve Prove up reserves for a further 12 – 24 months Develop un-mined shoots (B & L) Expand resources outside currently mined areas Explore for new near mine resources www.australianmines.com.au
Slide 18: Blair Project Nickel Exploration
Blair Project Nickel Exploration www.australianmines.com.au
Slide 19: Blair Project – Nickel Exploration
Blair Project – Nickel Exploration www.australianmines.com.au
Slide 20: Blair Project – Nickel Exploration
Blair Project – Nickel Exploration Numerous targets to be evaluated Encouraging drill intersections Detailed aeromagnetics have defined stratigraphy and structure Prospective basal contact under cover not explored Currently focusing on prospective targets – Anomaly 11 www.australianmines.com.au
Slide 21: Anomaly - Long Section
Blair Project – Nickel Exploration Anomaly 11 - Long Section Cross Section 0mE W Looking North www.australianmines.com.au
Slide 22: Anomaly - Cross Section 0mE
Blair Project – Nickel Exploration Anomaly 11 - Cross Section 0mE www.australianmines.com.au
Slide 23: Anomaly – EM Plan
Blair Project – Nickel Exploration Anomaly 11 – EM Plan www.australianmines.com.au
Slide 24: Blair Project Gold Exploration
Blair Project Gold Exploration www.australianmines.com.au
Slide 25: Blair Project – Gold Exploration
Blair Project – Gold Exploration www.australianmines.com.au
Slide 26: Blair Project – Gold Exploration
Blair Project – Gold Exploration Auger sampling successful in delineating anomalies Gold anomalies are now to be prioritised Initial RAB drilling program to follow RC drilling to be continued on northern prospects www.australianmines.com.au
Slide 27: Duplex South – Contoured Auger Results
Blair Project – Gold Exploration Duplex South – Contoured Auger Results www.australianmines.com.au
Slide 28: Gold Star East – Contoured Auger Results
Blair Project – Gold Exploration Gold Star East – Contoured Auger Results www.australianmines.com.au
Slide 29: Blair Project – Exploration Program
Blair Project – Exploration Program Continue nickel drilling at Anomaly 11 RAB drilling – prioritise nickel targets Geophysical program – surface and down hole RAB drilling – gold in soil anomalies www.australianmines.com.au
Slide 30: Australian Mines – Upside Potential
Australian Mines – Upside Potential Progressive. Resourceful. Cash flow strengthening Growth through exploration Opportunistic acquisitions www.australianmines.com.au
Slide 31: Australian Mines Ltd
Australian Mines Ltd RIU EXPLORERS CONFERENCE FEBRUARY 2005 www.australianmines.com.au
Australian Mines — RIU Explorers Conference February 2005 on 6ix