ACN ND DECEMBER 2005

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Bertram Underwood
5 years ago
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1 ACN ST BARBARA S DAY 2 ND DECEMBER 2005

2 ABOUT MONAX MINING Listed on the ASX 21 st September 2005 Market capitalisation A$10 million at 20c per share ~ $5 million in cash 11 exploration licences across the Gawler Craton/KI 1 exploration licence application Multi-commodity approach Havilah Resources 10% cornerstone shareholder Strong interest shown across a number of tenements in Joint Strong interest shown across a number of tenements in Joint Venture participation

3 BOARD AND MANAGEMENT Bob Kennedy Michael Schwarz Neville Alley (Chairperson) (Managing Director) (Executive Director) Reg Nelson (Non-Executive Director) Glenn Davis (Non-Executive Director) Domenico Cosentino (Secretary)

4 MANAGEMENT TEAM Current Staff Michael Schwarz Managing Director Corporate management and opportunities Project generation, target generation Investor relations Dr Neville Alley Executive Director Land access, Aboriginal Heritage, Native Title Corporate management (OHSW, environmental, community and indigenous policies) Project generation, target generation Greg Swain Exploration Geologist (part time) Project generation, target generation Tenement exploration

5 PROJECT LOCATIONS Brimpton Lake

6 Brimpton Lake Monax Mining exploration areas strategically chosen

TENEMENT STATUS Brimpton Lake Project Teneme nt Status Acquire d Area km 2 Ambrosia

100% 324 Bi Brimpton Lake TBA In Application 100% 221 Parndana EL 3376 Granted 100%

Bluff EL 3458 Granted 100% 549 Dingo Hill EL 3394 Granted 100% 516 Mattaweara EL

7 TENEMENT STATUS Brimpton Lake Project Teneme nt Status Acquire d Area km 2 Ambrosia EL 3358 Granted 100% 854 Mt Hope EL 3355 Granted 100% 320 Moorlands EL 3356 Granted 100% 324 Bi Brimpton Lake TBA In Application 100% 221 Parndana EL 3376 Granted 100% 100 Western River EL 3088 Granted 100% 188 Wynbring EL 3359 Granted 100% 247 Eureka Bluff EL 3458 Granted 100% 549 Dingo Hill EL 3394 Granted 100% 516 Mattaweara EL 2964 Granted 100% 119 Waddikee EL 3357 Granted 100% 1004 Punt Hill EL 3457 Granted 100% 887

8 WORLD CLASS POTENTIAL Olympic Dam Cu-U-Au Punt Hill, Ambrosia, Mattaweara, Dingo Hill, Eureka Bluff Palaeochannel rollfront uranium Ambrosia, Wynbring, Moorlands, Mt Hope, Waddikee Archaean greenstone Ni and Au Moorlands, Mt Hope, Brimpton Lake Tanami orogenic lode Au Ambrosia, Wynbring, Dingo Hill, Eureka Bluff, Waddikee

9 WORLD CLASS POTENTIAL Mt Isa/Broken Hill base metals Waddikee Canadian Abitibi Belt VHMS Zn-Cu-Au Moorlands, Mt Hope, Brimpton Lake Zinc Parndana, Western River

10 STRATEGIC POSITIONS Prominent Hill Mattaweara Ambrosia Olympic Dam Wynbring Mattaweara and Punt Hill in Olympic iron oxide copper gold province Other tenements marginal to the GRV Same geological environment as Olympic Dam and Prominent Hill Dingo Hill Carrapateena Punt Hill Eureka Bluff

11 STRATEGIC POSITIONS Harris Greenstone Belt, in the central Gawler Craton actively being explored for nickel and gold Harris Greenstone Belt Southern greenstone belt is believed to be an extension BHP Billiton and Anglo American have identified komatiites and Zn-Cu-Au style mineralisation Southern greenstone belt

12 STRATEGIC POSITIONS

13 STRATEGIC POSITIONS Tenements cover 866 km 2 of Archaean greenstones Mt Hope-EL 3355 Moorlands-EL 3356 Monax now has a consolidated land holding in this terrain Brimpton Lake-ELA 904/05

14 Exploration Strategy Project Scale Detailed gravity (at least 1x1km) Detailed aeromagnetics (at least 100m) Key to understanding covered terrains Application of mineralisation models Identification of targets for drill testing or more detailed exploration

15 Exploration Strategy Project Scale Major gravity survey commencing next week Covering all tenements (except Wynbring) 4273 stations ~ 4000 km 2 Punt Hill, Mattaweara and Ambrosia completed by Christmas Survey to be completed by January 2006

16 Exploration Strategy Project Scale Major aeromagnetic survey planned for January 2006 Assessing quotes now Plan to be completed by early February 2006

17 Exploration Strategy Project Scale Flight line direction 100m spacing 1km x 500m Station spacing Punt Hill gravity Punt Hill aeromagnetics/ radiometrics

18 PUNT HILL Copper/Gold/Uranium Brimpton Lake

19 PUNT HILL Adjacent to Carrapateena Cu-Au Prospect 25km to south Carrapateena Monax EL 3457

20 Carrapateena (RMG/Teck Cominco) Complex haematite breccia at depth (from 470m) Variable sulphide mineralisation over 178 metres, Assay results so far: 1.83% Cu, 0.64 g/t Au Drilling stopped in mineralisation (After Fairclough, 2005)

21 Carrapateena Gravity Carrapateena Magnetics Carrapateena targets consist of a bullseye gravity anomaly on the margin of a regional magnetic high controlled by a NW structure (After Fairclough, 2005)

22 Copper Gold Numerous gravity anomalies in a NW direction Coincident with regional NW structure Depth to basement in the order of 250 m Punt Hill - Gravity

23 PUNT HILL PROPOSED GRAVITY 1km x 500m spacing 973 stations 517 km 2 Aim is to define gravity anomalies similar to Carrapateena

24 PUNT HILL WORK PROGRAM Monax remains in Joint Venture discussions with a major mining company Monax has received other expressions of interest in this tenement In the best interests of shareholders and the JV discussions to commence gravity program

25 PUNT HILL TIMELINE Task Aboriginal heritage survey and landowner notification Undertake infill gravity survey Start Date October-November 2005 December 2005 Drill target generation and modeling Assess options Develop JVs or drill targets December 2005 January 2006 March 2006

26 AMBROSIA Copper/Gold/Uranium Brimpton Lake

27 AMBROSIA - Copper/Gold/Uranium Gold in calcrete Copper in calcrete Structurally controlled coincident Cu and Au anomalies - Ambrosia

28 AMBROSIA Copper/Gold/Uranium Aeromagnetics infill to 100m Gravity infill to 1x1km

29 Ambrosia - Radiometrics High uranium source rocks in NW Movement of groundwater and sediments into the Mulgathing Palaeochannel Several uranium anomalies within the channel

30 OTHER PROJECTS Parndana (Kangaroo Island) Infill drilling 1Q2006 Waddikee Rock chip sampling of uraniferous granites Dec 2005 Mattaweara Infill gravity 1Q2006

31 OTHER PROJECTS Dingo Hill Infill gravity and magnetics 1Q2006 Moorlands /Mt Hope/Brimpton Lake Infill gravity and magnetics 1Q2006 Eureka Bluff Infill gravity and magnetics 1Q2006 Wynbring Detailed magnetics and calcrete sampling 1Q2006

32 ACN

Managing Director s Presentation AGM 2006

Managing Director s Presentation AGM 2006 Good morning Ladies and Gentlemen. It has been an interesting and busy first year for Monax. What I propose to do with my presentation today is to review the operations