Altoro Metals Limited · ASX:ARO
Altoro Metals — PlatSearch NL — Shareholder Meeting (November 2011)
32 slides from Altoro Metals's shareholder meeting presentation, Nov 29, 2011
Slide 1: PlatSearch 2011 AGM Presentation
A PlatSearch 2011 AGM PRESENTATION 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: 12 Months In Review
12 Months In Review EXPLORATION Two new projects – Wyoming West and Achilles Good JV results - Junction Dam and Mundi Plains PTS exploration commenced on wholly owned projects BUSINESS DEVELOPMENT Advanced projects identified in Europe and north Africa New EU subsidiary registered, office
Slide 4: PlatSearch Strategy: Former Strategy
PlatSearch Strategy FORMER STRATEGY : Incubator model – generate / acquire quality projects to: Joint venture, or Vend into new companies for ASX listing Minimal PTS expenditure into direct exploration RESULTS Good investment portfolio with excellent ROR Strong current cash position for
Slide 5: PlatSearch Strategy: New Strategy
PlatSearch Strategy NEW STRATEGY : Maintain Incubator model Support continued investment into resource companies Focus own exploration into key projects Pursue more advanced opportunities Increase commodity and geographic diversity Offshore focus into Europe and Africa SEEKING TO ACQUIRE
Slide 6: Assets
Assets Key Assets: 34 exploration licences and applications 22 currently in joint venture Cash as of Nov 22 ~ $13.4 million Investments - 4.7% WPG Resources 48.3% Eastern Iron 14.6% Silver City Minerals 25.7% Thomson Resources Aguia Resources Liquid Assets valued at $23 million
Slide 7: Areas of Activity in Australia
Areas of Activity in Australia
Slide 8: Australian Exploration Activities
Australian Exploration Activities JV partners spent $2.6 million (vs. $1.9 million last year) 2,653m of diamond and 15,144m of rotary mud drilling New tenements – Wyoming West and Achilles PTS joint ventures – Wyoming West gold and Thurla gold Wynbring HM JV with Bemax Lower priority ELs
Slide 9: Ghostrider
Ghostrider Assay values up to BB 1.15% Pb 0.22% Zn 0.12% Cu 25g/t Ag AA AA BB
Slide 10: Kempsey Gold
Kempsey Gold Soil Gold Contours Former drilling results – Jacobs Ladder 88m @ 0.4g/t gold Old Copper Mine 6m @ 3.58% copper, 83g/t silver and 0.25% tin
Slide 11: Wyoming West
Wyoming West Wyoming West joint venture PTS can earn up to 80% 660,000 oz Targeting Wyoming type gold deposits Structures parallel to Wyoming faults indentified Large RAB drilling programme to commence shortly after EL grant ~250,000 oz Access work in progress
Slide 12: Junction Dam Uranium
Junction Dam Uranium Teck / PTS / Eaglehawk / Marmota JV for uranium (within cover rocks only) Marmota currently at 74.5% Uranium grades up to 7,500ppm eU3O8 at Saffron >1000ppm U present over a large area - >2 km strike length Resource of 3.3 million pounds U3O8 Similar mineralisation t
Slide 13: Mundi Plains – Junction Dam JV
Mundi Plains – Junction Dam JV UXA joint venture UXA to earn all of Tecks JV share (up to 80%) 2011 2,563m drilling on Dome 5 Intersected good Pb-Zn-Ag mineralisation Dome 5 Follow up planned Polygonum (Cu) testing next Polygonum
Slide 14: Mundi Plains - MVT Mineralization
Mundi Plains - MVT Mineralization Sphalerite, fluorite and galena
Slide 15: Mundi Plains - MVT Mineralization
Mundi Plains - MVT Mineralization
Slide 16: Investments and Activity
Investments and Activity More investment into ASX listed resource companies (notably WPG and EFE) Increased market value of investments - overall strong ROR Chesser Resources and Aguia Resources sales for $3.3 million at > 6 times total investment Capital return / franked dividend from WPG R
Slide 17: Thomson Resources
Thomson Resources Nov 2010 IPO - $4.6 million PTS – 25.7% One of Australia’s last exploration frontiers Excellent exploration potential Numerous gold and copper-lead- zinc targets Dominant tenement holding (>6,500 sq km) Total of 4,708 metres drilling completed in 2011
Slide 18: Thomson Prospects
Thomson Prospects Endeavor \ CSA 4) Cobar Tiiion gy
Slide 19: Thomson Exploration
Thomson Exploration Encouraging drill results at Cuttaburra trend New style of mineralisation – Intrusive-Related Gold Can yield world-class gold deposits (e.g. Fort Knox) Best results to date include – 0.7m at 4.2% Zn, 0.5% Cu, 113 g/t Ag, 0.8% Sn (Cut B) - 0.5m at 2.5 g/t Au, 1% Zn, 1.8% P
Slide 20: Silver City Minerals Limited
Silver City Minerals Limited Successful IPO - $9.8 million PTS ownership – 14.7% Extensive tenement holding (1,587 km2) One of the most active explorers in region Numerous drill ready targets 20,000m planned over next 12 months
Slide 21: Silver City - Regional Perspective
Silver City - Regional Perspective The Next Broken Hill? Broken Hill type mineralisation Hosted in specific rock sequences “Lode Rock” corridors SCI Ground Hosts >100km strike of “Lode Rock” Good silver and copper/gold prospects elsewhere EXTENSIVE ZONES OF PROSPECTIVE ROCK
Slide 22: Silver City - Allendale Project
Silver City - Allendale Project HIGH GRADE INTERCEPTS 10m at 4.1% Pb, 12% Zn, 29g/t Ag 2m at 8.4% Pb, 11.5% Zn, 39.2g/t Ag 2m at 5.0% Pb, 6.8% Zn, 44.3g/t Ag 3m at 4.0% Pb, 9.2% Zn, 31g/t Ag 7m at 2.5% Pb, 2.3% Zn, 21g/t Ag 9m at 2.5% Pb 3.1% Zn, 19.7g/t Ag
Slide 23: Eastern Iron Limited
Eastern Iron Limited Year of significant field work and new project activity Key Assets NSW channel iron deposits – JV with 3E Hawkwood magnetite – earning 100% Eulogie magnetite – purchased100% Nowa Nowa deposit – option for 100% $2.8 million cash Consolidates East Coast Strategy
Slide 24: Eastern Iron – Hawkwood/Eulogie
Eastern Iron – Hawkwood/Eulogie Infrastructure rich region Magnetite bearing gabbros – coarse grained Thick, continuous horizons Resource target – 1-2 billion tonnes to 200m 3,369 m of drilling at Eulogie - JORC resource – 465 million tonnes at 14.2% Fe Recent drilling at Hawkwood – JORC
Slide 25: Eastern Iron – Nowa Nowa
Eastern Iron – Nowa Nowa Good location – close to road, rail and port Magnetite/haematite skarn Up to 80 metres thick Simple geometry Significant previous work – well defined High grade – e.g. DH14 – 82.3m at 56.9% Fe, 13.1% SiO2, 1.3% Al2O3 Minimal beneficiation required? JORC resou
Slide 26: WPG Resources
WPG Resources Recent sale of SA iron assets to Onesteel Delivered $10.9 million pre-tax to PTS WPG price (Nov 23) – $0.09 Market value – circa $1.0M Key Assets 50% ownership of Penrhyn coal assets Resource of 352 million tonnes JV with Evergreen for clean coal technology Port Pirie land Ap
Slide 27: Business Development - European Initiative
Business Development - European Initiative Why Europe / North Africa? Generated through Business Development strategy Early 2010 – Project evaluation – surprising outcomes Excellent prospectivity and significantly less competitor activity than expected Very strong endowment. World class depo
Slide 28: Business Development - European Initiative
Business Development - European Initiative Wholly owned EU subsidiary formed Office established and equipped in La Source, Orleans, France Assembled one of Europe’s most complete geological / metallogenic datasets: 3.5Tb Employed local French team – very high level of exploration expertise
Slide 29: Europe 420-300 million years ago
Europe 420-300 million years ago
Slide 30: Europe – Key Variscan Deposits
Europe – Key Variscan Deposits
Slide 31: Key European Variscan Personnel
Key European Variscan Personnel Directors Dr. Jack Testard – President Geologist. Ex BRGM – Head of Minerals Resources Division . 40 years experience in France and other EU countries. Former Manager of Ovacik gold mine – Turkey. President of French Chamber of Mines Dr. Michel Bonnemaison – Director
Slide 32: PlatSearch Summary
PlatSearch Summary Well funded with strong backing Diversified investment and exploration portfolio with upside Focus on advanced project generation - potential cash flow generating assets Assessing opportunities within and outside Australia Acquisition of advanced projects offshore antici