Power Minerals Limited · ASX:PNN
Power Minerals — PepinNini Minerals — Shareholder Meeting (November 2007)
47 slides from Power Minerals's shareholder meeting presentation, Nov 30, 2007
Slide 1: Presentation at the Annual General Meeting of Shareholders
PepinNini 9 6 Babb age Roa d R o sev i lle Ch ase NSW 20 69 ABN 55 101 714 989 Te l: (02 ) 94 17 6 212 Fa x: (02 ) 94 17 3 043 Minerals Limited Email: [email protected] 30 November, 2007 For personal use only Companies Announcement Office Australian Stock Exchange Limited 20 Bridge Street Sydne
Slide 2: For personal use only
For personal use only
Slide 3: 2007 Highlights
2007 Highlights For personal use only O $25.7million before tax profit for the year. Net earnings per share of 33 cents (after tax). $33.4million cash in bank O Purchase of Longyear LF90D drilling rig and support equipment specifically designed to explore our Musgrave Province tenements. Engagement
Slide 4: 2007 Highlights (continued)
O Commitment from our joint venture For personal use only partner Sinosteel Corporation to spend $11 million dollars over the next 2 years exploring our Curnamona Province tenements for uranium and other commodities O Opening of an Adelaide office as the Company’s principal place of business O Acqui
Slide 5: 2007 Highlights (continued)
O Completion of an extensive surface For personal use only geochemical sampling program and ground magnetometer survey over prospective nickel targets in the Musgrave Province and a commencement of a drilling program utilizing the Company’s drilling rig to explore drill targets generated by the surv
Slide 6: 2007 Highlights (continued)
O Intersection of continuous uranium For personal use only mineralisation from a depth of 10 metres to 99 metres with an average grade of 0.05%(eU3O8) in a fully cored borehole drilled at the Crocker Junction Uranium Deposit O Prioritisation of four uranium prospects with extensive radiometric anoma
Slide 7: Share Capital Details
Share Capital Details (29th November, 2007) For personal use only z 69,207,499 shares on issue z Currently 2,090 shareholders z 62% of issued capital held by top 20 shareholders z Currently capitalised at AUS$72 million z Current cash = AUS$34 million
Slide 8: Project overview map
For personal use only Uranium North Queensland Nickel Musgrave Province Copper Curnamona Province Gold 20 exploration tenements covering 13,173 sq.kms.
Slide 9: Curnamona Province Project
Curnamona Province Project For personal use only Advanced Uranium Project z 19.8 million lbs of U3O8 at Crocker Well with the potential to be in production within 3 years z Strategic alliance with Sinosteel Corporation to jointly develop the Uranium Project z 26 additional known uranium prospects Ot
Slide 10: A$11 million exploration budget
For personal use only A$11 million budget over 2 years to explore and develop uranium prospects and investigate the non uranium potential of the tenements
Slide 11: Advanced Uranium Project
For personal use only An Advanced Uranium Project covering 3,778sq kms under 4 granted exploration licences and 1 exploration licence application
Slide 12: Additional known uranium prospects
For personal use only 26 additional known primary uranium prospects other than Crocker Well and Mt Victoria. Potential for secondary palaeochannel style deposits as well as unconformity related uranium mineralisation
Slide 13: Crocker Well Project
Crocker Well Project Curnamona Province For personal use only South Australia Ten Prospects identified in the vicinity of Crocker Well and Mt Victoria. High grade surface samples (> 2% U3O8) from newly discovered Becaroo and Anomaly A Prospects
Slide 14: Drilling at Crocker Well – June, 2007
For personal use only Drilling at Crocker Well – June, 2007
Slide 15: Drilling at Crocker Well – June, 2007
Uranium mineralisation from 10m to 99.2m with an average For personal use only grade of 0.05% (eU3O8) Drilling at Crocker Well – June, 2007
Slide 16: Summary: Uranium Project – South Australia
Summary For personal use only Uranium Project – South Australia z An advanced exploration project with a defined resource of U3O8 ready to develop z 19.8 million lbs of U3O8 JORC compliant resource at Crocker Well and Mt Victoria z 26 additional known uranium prospects to be investigated. 10 surface
Slide 17: Musgrave Province Project (Nickel)
Musgrave Province For personal use only Project (Nickel)
Slide 18: Musgrave Project
Musgrave Project For personal use only • Exploration of province in infancy • Highly prospective & widely untested • Similar setting to Voisey’s Bay (Canada) • Primary target Nickel-Copper Sulphide & PGE’s associated with Giles Complex mafic intrusives • Secondary targets include basemetals, gold, f
Slide 19: Project Summary
Project Summary For personal use only • Tenement portfolio covers 8,143 km² • Exploration activities commenced Sept 2005. • Prior to 2007 company had completed 9 Helicopter electromagnetic / magnetic surveys 9 Ground Electromagnetic Surveys 9 Reverse Circulation Drilling 9 Rock chip sampling & mappi
Slide 20: Musgrave Tenement Status (Nov 07)
Musgrave Tenement Status (Nov 07) For personal use only EL3368 Harcus EL3536 Pine Ridge 2 Granted Exploration Licences (5 blocks = 2,989 km²)
Slide 21: Musgrave Tenement Status (Nov 07)
Musgrave Tenement Status (Nov 07) For personal use only ELA117/96 “Mt Caroline” ELA118/96 “Anerinna Hills” ELA185/96 “Willugudinna” 3 Exploration Licence Applications (6 blocks = 5,154 km²)
Slide 22: Musgrave Tenement Status (Nov 07)
Musgrave Tenement Status (Nov 07) For personal use only ELA117/96 “Mt Caroline” ELA118/96 “Anerinna Hills” ELA185/96 “Willugudinna” Initial consultation of remaining tenement shortly.
Slide 23: Nickel Sulphide Target Locations
Nickel Sulphide Target Locations For personal use only Mt Caroline Kenmore 1 & 2 Mt Moulden Mt Harcus Highest priority Ni-Cu suphide targets.
Slide 24: Exploration Activities 2007
Exploration Activities 2007 For personal use only • Soil Auger Sampling • Ground Geophysical Surveying (Magnetic & Gravity)
Slide 25: Exploration Activities 2007
Exploration Activities 2007 For personal use only • Drilling with LD90F commenced July ‘07 • 8 holes for ~2,900m 5 holes (Harcus) 2 holes (Harcus NW) 1 hole (Moulden) • PACE funding of 3 holes Drilling continues…
Slide 26: Mt Harcus Block – Nickel Sulphide Targets
Mt Harcus Block – Nickel Sulphide Targets For personal use only • Nickel copper sulphide platinum group metal Harcus NW target • Similar geological setting to Voisey’s Bay • Extreme magnetic anomalies (>20,000nT) Harcus • Harcus Intrusion 7km x EL3368 (Mt Harcus) 350m (mag-gravity) • Harcus NW (mag-
Slide 27: Harcus Prospect
Harcus Prospect • Soil auger sampling For personal use only • Ground mag surveying • Gravity surveying • 2007 drilling – 5 holes (~2165m) – Incl. 2 PACE holes • Sulphides intersected – Pyrrhotite Dominant (Fe) – Minor Chalcopyrite (Cu) – Trace Pentlandite (Ni) – Max results (to date) • 0.2% Cu, 254p
Slide 28: Harcus Prospect
Harcus Prospect • Soil auger sampling For personal use only • Ground mag surveying • Gravity surveying • 2007 drilling – 5 holes (~2165m) – Incl. 2 PACE holes • Sulphides intersected – Pyrrhotite Dominant (Fe) – Minor Chalcopyrite (Cu) – Trace Pentlandite (Ni) – Max results (to date) • 0.2% Cu, 254p
Slide 29: For personal use only
570500mE 571000mE West Soil Anom East Harcus PACE holes RC06HAR011 DD07HAR001 0 0 X For personal use only Giles Complex (Gabbro) 50 50 100m 100 Sulphides 10 0 100m Contact Zone - Gabbro/Orthogneiss DD07HAR003 0 X 15 150 Disseminated Sulphide 0 20 200 200m 200m 25 0 Birksgate Complex (orthogneiss) 25
Slide 30: Harcus NW Prospect - Nickel Sulphide Target
Harcus NW Prospect - Nickel Sulphide Target For personal use only
Slide 31: Mt Moulden Block – Nickel Sulphide Targets
Mt Moulden Block – Nickel Sulphide Targets For personal use only • Nickel copper sulphide & platinum group metal targets • Similar geological setting to Voisey’s Bay • Large 10x15km magnetic anomaly • Strong gravity features • Prospective Giles Complex rocks in NE of block • Sulphides in PIRSA drill
Slide 32: Moulden - Nickel Sulphide Target
Moulden - Nickel Sulphide Target For personal use only • Gravity Surveying • 2007 Drilling – 1 hole (361.16m) – PACE hole • Stratigraphic test of large magnetic anomaly • Further drilling of gravity anomalies planned
Slide 33: Moulden NE Prospect - Gravity Survey
EL3368 (Mt Moulden Block): Moulden NE Prospect - Gravity Surve' MNE-DD1 a © - mer at i MNE-DD3 ~ si GDA94 - MGA Zone 52 Air Photograph (Courtesy PIRSA) | EL 3368 (Mt Moulden Block) Gravity Station (June 2007) @ Proposed Drill Hole 1000m ere (c= | = 1st Order Residual Filter Gravity ORC Hole 2006 Min
Slide 34: Pine Ridge EL3536
Pine Ridge EL3536 For personal use only • Acquired from Rio Tinto • Mapped ultramafic rocks • Known Ni & Ni-Cu prospects • Drilling of nickel targets planned during 2008 • Basement rocks similar to Broken Hill region. • Potential base metal targets • Regional shallow drilling to generate base metal
Slide 35: Mt Caroline ELA117
Mt Caroline ELA117 / 96 For personal use only • APY executive has approved access (documentation awaited) • Largest interpreted undeformed intrusive complex in the Musgrave Province • Mapped ultramafic rocks. • Proximal to chalco-pentlandite discovery at West Mt Caroline by PIRSA • Free “over-flight
Slide 36: Mt Caroline ELA117
Mt Caroline ELA117 / 96 For personal use only
Slide 37: Mount Caroline Regional Magnetic Targets
7090000 mN [ua a ee Pepiniini Minerals limited 7080000 mN 7070000 mN 7060000 mN 7050000 mN [= : =< . ie *® Proposed borehole j feoo00 mE —- 710000 mE ELA 117/96 MOUNT CAROLINE 660000 mE 670000 mE_“680000 mE 690000 mE Regional Magnetic Targets Grey Scale TMI (courtesy of PIRSA)
Slide 38: Anerinna Hills Regional Magnetic Targets
7025000 mN 7000000 mN 6975000 mN 6950000 mN 725000 mE Minerals limited Pa ‘Grey Scale TMI Interpreted Mafic / Ultramafic Intrusion 2 Proposed borehole ELA 118/96 ANERINNA HILLS, ILTUR Regional Magnetic Targets Colour TMI (courtesy of PIRSA)
Slide 39: Summary
SUMMARY For personal use only • Actively drill testing targets at Moulden and Harcus • Discovery & confirmation of sulphides at Harcus • Testing for zones of sulphide accumulation at Harcus. • Gravity targets yet to test at Moulden • Extensive exploration programs planned for Mt Caroline and Pine Ri
Slide 40: For personal use only
For personal use only
Slide 41: Georgetown Inlier Woolgar Project
Georgetown Inlier For personal use only Woolgar Project (Gold, Uranium, Base Metals)
Slide 42: Tenements 1,250 sq.kms
For personal use only 10 Tenements 1,250 sq.kms
Slide 43: Uranium
Uranium For personal use only z Uranium occurrences which have been inadequately tested by previous explorers and favorable geological settings for uranium mineralisation occur in all tenements z The uranium targets are hard rock volcanic type deposits similar to the nearby Maureen and Ben Lomond Ur
Slide 44: Gold & Base Metals
Gold & Base Metals For personal use only O Widespread copper, gold, silver and lead mineralization has been identified in rock chip samples • 65.1g/t gold, 435g/t silver, 9.98% copper • 3.6g/t gold, 653g/t silver, 20.30% copper • 5.65g/t gold, 42g/t silver, 5.72% copper • 0.7g/t gold, 22g/t silver,
Slide 45: 2008 Program: Uranium and Base Metals
Uranium Project z Drilling for resource definition at For personal use only Crocker Well and investigation of other 2008 uranium prospects Program z Metallurgical testing of Crocker Well ore z Commence Regulatory Approvals Process, Environmental Impact Statement and Bankable Feasibility Study for Cr
Slide 46: 2008 Program: Nickel and Queensland
Musgrave Province Nickel Project For personal use only z Geophysical and geochemical surveys 2008 over all granted tenements Program z Drilling programs at Mt Harcus, Mt Moulden, Mt Caroline and Pine Ridge targets A$3 million budget over 12 months Queensland Project z Commence field operations inclu
Slide 47: Thank You / Disclaimer
For personal use only Disclaimer: Thank You • The information in this presentation is published to inform you about PepinNini Minerals Limited and its activities. All reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the r
PepinNini Minerals — Shareholder Meeting (November 2007) on 6ix