A1 Minerals Limited EXPLORER TO MINER. Presented by John Williams - Managing Director A1 Minerals Limited

Transcription

1 A1 Minerals Limited EXPLORER TO MINER Presented by John Williams - Managing Director A1 Minerals Limited 1

2 Disclaimer This presentation contains certain forward-looking information and forecasts which include without limitation, expectations regarding future performance, costs, production levels or rates, reserves and resources, the financial position of A1 Minerals Limited, industry growth or other trend projections. Such forecasts and information are not a guarantee of the Company s future performance and include unknown risks and uncertainties in addition to other factors that are beyond A1 Minerals Limited s control. Accordingly, the actual results and developments may differ from those expressed or implied by these forward looking statements due to a variety of factors. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. 2

3 Managing Director John Williams Managing Director of A1 Minerals since 29th May 2002 Geologist; 25 yrs Australian and International experience exploration feasibility studies open pit and underground gold mines Previous Gold Mine Management Experience: Lady Bountiful, Broads Dam and Burbanks Operations in Western Australia Gold Discoveries: Brightstar Alpha, Beta, Delta (Laverton, Western Australia) Wendy Gully (Broad Arrow, Western Australia) Attilla Deposit (Yamarna Greenstone Belt,Western Australia) 3

4 MINE MANAGEMENT COO - ALAN DOWNHAM CFO - ALBERT LONGO MINE MGR TONY WALLACE EXPLORATION MGR MARK JURY GEOLOGY MGR ANDREW RICHARDSON PROCESS MGR ROB TAYLOR CAMP MGR - KERRIE GURNETT 4

5 BETA NORTH PIT MINE GEOLOGIST MARKING OUT THE ORE AFTER BLASTING 5

6 BRIGHTSTAR BETA - HIGH GRADE MINING ALTERNATIVE IN NARROWER CONDITIONS High grade oreblock 6

7 BETA CENTRAL PIT MINE GEOLOGIST SUPERVISING MINING CONTRACTOR -WATPAC 7

8 BRIGHTSTAR BETA MINE SITE ROM PAD PROCESSING PERSONNEL INSPECTING RUN OF MINE ORE BEFORE FEEDING INTO PRIMARY JAW CRUSHER Ore Stockpile 8

9 Crushed Ore Stockpile Secondary (Cone) Crusher ROM Ore Chute Primary (Jaw) Crusher ROM Pad BRIGHTSTAR BETA CRUSHING CIRCUIT 9

10 BRIGHTSTAR BETA MINESITE CRUSHED ORE STOCKPILE AND PROCESS WATER DAM 10

11 PROCESSING PLANT 200,000L Fuel Facility 6 X Carbon-in-Pulp (CIP) Tanks Leach Tank Ball Mill and Regrind Mill Crushed Ore 2 Megawatt Powerplant 11

12 GOLD POURS 12

13 Successful Track Record Since successful ASX listing in Dec 03 A1 Minerals has maintained its focus and grown Brightstar Gold Project through prudent operation and successful exploration. Brightstar Gold Project Key Points: 1. Near Laverton(WA) service centre 2. Highly endowed gold province +25Moz 3. ~500kms ground holdings Moz Resources 5. including150koz Reserves 6. Pipeline of Projects -Drilling targets delineated 7. Gold Plant producing at 300ktpa rate 13

14 Brightstar Gold Project Perth. BLUE TEXT A1 Minerals BLACK TEXT Other Mines 14

15 VIEW to SOUTH Delta Discovery New Realisation of 1980 s Cork Tree Well Gold Discovery Previously thought to be stratabound and trending north-northwest however A1 Minerals soon found that gold mineralisation follows north trending shear zone. Gold mineralisation continues beneath pits and also along strike to north. GOLD Note: 8g/t, 2 metre width Chert lode exposed in open pit is analogous to Lancefield Gold Deposit(2.5Moz) 15km to the south which has been shown to extend beyond 800metres depth N NNW 15

16 BRIGHTSTAR DELTA 3.2KM LONG 400M DEPTH 16

17 BrightStar Delta Gold Deposit with Significant Exploration Upside: +400metres depth (Visible gold in diamond core more than 330m) 3,200metres length 726,000oz Resources current est. Including 60Koz Ore Reserves est. Further drilling planned to increase resources/reserves Good underground potential Shares similar geological characteristics with 2.5Moz Lancefield deposit 17

18 Outlook Full rated production throughput Cash flow debt free Unhedged Ongoing drilling Rising Gold Prices 18

19 LATEST DRILLING GRADE CONTROL BETA NORTH PIT DESIGNED PIT OUTLINE 19

20 LATEST DRILLING Resource Drilling Beta North Pit Gold lodes continue beyond current pit design Beta North Pit Drill Section 20610N 20

21 LATEST DRILLING GRADE CONTROL Beta Central Pit Infill drilling (RC grade control) at Beta Central Pit excellent correlation between resource model and grade control returns intercepts up to of 11metres at 16.1g/t Depth Hole ID From To Grade (g/t) Av Grade (g/t) m MR Current pit Floor 447.5RL COMPARISON OF LATEST GRADE CONTROL DRILLING TO RESOURCE DRILLING CONFIRMS MODELLING AND HEAD GRADE GRADE CONTROL DRILLHOLES 21

22 Corporate Company Formed: May 02 Listed on ASX : December 2003 (Code ASX:AAM) Directors: Michael Hunt (Independent Chairman) John Williams (Managing Director) Ross Louthean (Independent Director) Cash and Gold: A$2million Shares: ~198 million Market A$0.23 = ~$41m Major Shareholders: John Williams 9% (Founding Director) Sandra Wheeler 6% (Plant Purchase) Top 20 Shareholders: 38% 22

23 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 The market has been slowly re-rating A1 Minerals for a year... Share Price Performance against similar ASX Companies Indexed to 100% at Jun % 400% 350% 300% 250% RRL - 395% SLR - 329% AAM - 282% 200% 150% 100% 50% 0% CRE - 94% HEG - 68% IGR - 57% NAV - 35% Source: Yahoo Finance 23

24 With Thanks LAUNCHED FOR SUCCESS Further information is available by contacting: John Williams Managing Director A1 MINERALS LIMITED Australian Stock Exchange Code ASX : AAM Website: info@a1minerals.com.au 24