DIGGERS AND DEALERS 2008 (4 August 2008) Bruce Hooper General - - PowerPoint PPT Presentation

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DIGGERS AND DEALERS 2008 (4 August 2008) Bruce Hooper General - - PowerPoint PPT Presentation

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DIGGERS AND DEALERS 2008 (4 August 2008) Bruce Hooper General Manager - Exploration Slide 2 Corporate Overview Capital structure (as at 1 Aug 2008) Balance Sheet (as at 30 June 2008) ASX PEM Cash $77m Shares on issue 197m Hedge

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SLIDE 1

DIGGERS AND DEALERS 2008 (4 August 2008) Bruce Hooper General Manager - Exploration

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SLIDE 2

Slide 2

Corporate Overview

Key Shareholders (as at 1 Aug 2008)

AXA Group UBS Nominees Barclays Global Investors Employees 10.6% 8.0% 5.3% 2.1%

Capital structure (as at 1 Aug 2008)

ASX Shares on issue Options Market capitalisation

(undiluted at $0.54 per share)

PEM 197m 2.0m A$106m

Broken Hill Flinders Mount Oxide Corporate

“Balance Sheet” (as at 30 June 2008)

Cash Hedge Book (in-the money) Debt Beltana zinc stockpile $77m $80m $26m 81kt zinc

1 2 3 4 5 6 7 J u l 2 4 O c t 2 4 J a n 2 5 A p r 2 5 J u l 2 5 O c t 2 5 J a n 2 6 A p r 2 6 J u l 2 6 O c t 2 6 J a n 2 7 A p r 2 7 J u l 2 7 O c t 2 7 J a n 2 8 A p r 2 8 J u l 2 8

($/SHARE)

1,000 2,000 3,000 4,000 5,000 6,000 7,000

(A$/TONNE)

Perilya Zinc Price Lead Price

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SLIDE 3

Slide 3

Broken Hill Flinders Mount Oxide Corporate

Flinders Mount Oxide Broken Hill

Key Assets

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SLIDE 4

Slide 4 Note : Cu as at Feb 2008 Zn, Pb as at 2006/07

Operating Operating Projects Projects Exploration Exploration

Tampang (Cu, Au) Tampang (Cu, Au)

Mount Oxide (Cu) Mount Oxide (Cu)

Beltana (Zn) Beltana (Zn) Broken Hill (Zn, Pb, Ag) Broken Hill (Zn, Pb, Ag)

Dee Range (Cu, Zn) Dee Range (Cu, Zn)

Potosi (Zn, Pb, Ag) Potosi (Zn, Pb, Ag) North Mine Deeps (Zn, Pb, Ag) North Mine Deeps (Zn, Pb, Ag)

Flinders (Zn) Flinders (Zn)

Operating Operating Projects Projects Exploration Exploration

Tampang (Cu, Au) Tampang (Cu, Au)

Mount Oxide (Cu) Mount Oxide (Cu)

Beltana (Zn) Beltana (Zn) Broken Hill (Zn, Pb, Ag) Broken Hill (Zn, Pb, Ag)

Dee Range (Cu, Zn) Dee Range (Cu, Zn)

Potosi (Zn, Pb, Ag) Potosi (Zn, Pb, Ag) North Mine Deeps (Zn, Pb, Ag) North Mine Deeps (Zn, Pb, Ag)

Flinders (Zn) Flinders (Zn)

Mount Oxide (Cu)

Ore Reserves

0.0 0.2 0.4 0.6 0.8 1.0 Zinc Lead

Contained Metal Mt

Broken Hill Flinders Mount Oxide Corporate

Mineral Resources

0.0 0.5 1.0 1.5 2.0 2.5 Zinc Lead Copper

Contained Metal Mt

Our Proj ects

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SLIDE 5

Slide 5

Broken Hill Flinders Mount Oxide Corporate

  • Top 20 zinc producing mine and Top 10 lead producer worldwide.
  • Full Year Production of 91,295t of contained zinc and 52,412t of lead

in line with market guidance.

  • Metal production at Broken Hill up 18.5% on the previous quarter.
  • Significant new mineral inventory identified in the Southern Operations

and North Mine.

  • Leveraged substantial producer.
  • Development advanced during year at North Mine and Potosi

exploration decline.

  • Permitting underway for Flying Doctor Open Pit Operation.
  • Optionality of production sources.

Broken Hill

S ustainable Production

Background Image – painting by Pro Hart

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SLIDE 6

Slide 6

Broken Hill

Exploration S uccess

  • Significant Exploration success during year.
  • Potosi, Flying Doctor region.
  • New resources at Henry George and 1130 deposits.
  • New prospects Sam Deeds, Esmeralda.
  • Best intercepts at depth in Pinnacles regional with potential for larger deposits.

Broken Hill Flinders Mount Oxide Corporate

Background Image – painting by Pro Hart

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SLIDE 7

Slide 7

Broken Hill

Developing new ore sources

5 km

North Mine Southern Operations

City

Potosi

Piesses Knob

Flying Doctor

Southern Ops Extensions

Stirling Vale 1130 Smiths Sam Deeds Henry George Monarch Flat Exploration targets

Concentrator

Surface projection of ore bodies Perilya Broken Hill Mining Lease Existing Operations

Broken Hill Flinders Mount Oxide Corporate

North Mine Deeps

Feasiblity Study

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SLIDE 8

Slide 8

Flinders zinc oxide proj ect

Existing infrastructure + direct high grade ore shipping + stockpiles of 81kt zinc

Rail line Tenements Rail line Tenements

Broken Hill Flinders Mount Oxide Corporate

  • Beltana – stage 1

completed (Feb 08)

  • Stockpiled 316,400t

@ 32% zinc (101kt contained zinc at

Feb 08)

  • Cash cost US$0.65/lb

zinc

  • Completed within year
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SLIDE 9

Slide 9

Broken Hill Flinders Mount Oxide Corporate

Mount Oxide Copper and Cobalt Proj ect

Mount Oxide historical Pit, looking South

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SLIDE 10

Slide 10

Mount Oxide

advanced copper proj ect

  • Mt Isa region
  • Close to existing infrastructure
  • Resource recently upgraded
  • Significant new exploration results
  • Exploration camp installed
  • Infill & extensional drilling April – Dec 08
  • Scoping Study completed June Qtr 2008
  • Expressions of interest received to further

development of the project

  • Permitting advancing
  • Feasibility Study June 2009

Broken Hill Flinders Mount Oxide Corporate

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SLIDE 11

Slide 11

Mount Oxide

resource open in all directions

Broken Hill Flinders Mount Oxide Corporate

Table 1: Mount Oxide Mineral Resource Estimate at 0.2 % Cu cut off

Classification M Tonnes Cu % Co % Ag g/t Copper Contained t Cobalt Contained t Silver Contained oz Indicated 9.8 1.6 0.05 12 154,000 5,200 3,430,000 Inferred 5.7 0.9 0.05 4 47,000 3,100 770,000 Stockpiles 0.3 0.7

  • 2,000
  • Total

15.5 1.3 0.05 9 203,000 8,300 4,200,000

  • 80% increase in contained copper
  • 60% in Indicated Category
  • Scoping study completed on metallurgy, geotechnical and economics
  • Significant new explorations results outside the resource from current drilling program
  • Potential bi-products

(As at 19 February 2008)

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SLIDE 12

Slide 12

Mount Oxide - Drill Rig

Broken Hill Flinders Mount Oxide Corporate

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SLIDE 13

Slide 13

Mount Oxide - S

chematic Mineralisation Model

Broken Hill Flinders Mount Oxide Corporate

Core Samples

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SLIDE 14

Slide 14

300 metres

Mount Oxide - Resource model looking North in 3d

Broken Hill Flinders Mount Oxide Corporate

Mount Oxide Resource model looking North in 3d, demonstrating the relationship of shallow and low angle stratigraphic mineralised lenses and vertical structures at depth

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SLIDE 15

Slide 15

Mt Oxide Pit Pit Shell – Feb 08 N S W E

Mount Oxide - Whittle Optimised Open Pit

S coping S tudy

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SLIDE 16

Slide 16

Mount Oxide - S

ection 70800mN Recent Intercepts

MOXD089 Part of 31m @ 6.2% Cu in replaced sedimentary unit

20 cm

Broken Hill Flinders Mount Oxide Corporate

  • Significant intercepts outside the existing resource.
  • MOXD89 – 23m @ 8.9%, 31m @6.2% and 19m @3.7%
  • New visual intercept in MOXD104 ~ 40m away. Results all
  • pending. MOXD92 no significant mineralisation ~ 80m away.
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SLIDE 17

Slide 17

Mount Oxide - S

ection 70800mN MOXD104 25m S

  • uth of MOXD89

345.1 to 349.2m in hole MOXD104

MOXD104 MOXD92 MOXD103

20 cm

Broken Hill Flinders Mount Oxide Corporate

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SLIDE 18

Slide 18

Mt Gordon Mineralised Footprint Mt Oxide

600m

Deposit Comparisons - S

imilar Deposits in size and scale

Broken Hill Flinders Mount Oxide Corporate

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SLIDE 19

Slide 19

Mount Oxide - Underground Potential – 1.5% Cu wireframe

E W

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SLIDE 20

Slide 20

Mount Oxide - Drilling Program up to December 2008

Broken Hill Flinders Mount Oxide Corporate

600m 300m S N

Target Zone Untested extension of pit wide malachite zone Infill drilling to permit open pit

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SLIDE 21

Slide 21

Mount Oxide - Untested Malachite Outcrop immediately NE of

Resource

1m

Broken Hill Flinders Mount Oxide Corporate

20 cm 1m

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SLIDE 22

Slide 22

Mount Oxide - IOCG Targets – Magnetics and Gravity

Theresa

  • Old Mt Gordon
  • Mammoth
  • Big Oxide
  • Esperanza
  • Mt Oxide

15.5 Mt @ 1.3% Cu

  • Weberra
  • Theresa
  • Mammoth
  • Big Oxide
  • Esperanza
  • Old Mt Gordon

Mt Oxide

15.5 Mt @ 1.3% Cu

Weberra

  • TMI Magnetics

Bouger Gravity

Broken Hill Flinders Mount Oxide Corporate

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SLIDE 23

Slide 23

Mount Oxide –

Mount Isa copper province

15.5 Mt @ 1.3% Cu

Broken Hill Flinders Mount Oxide Corporate

  • Excellent copper project.
  • 203,000 t contained copper.
  • Maximising value by rapid

advancement.

  • Assessing expressions of

interest.

  • Looking to exploit as optimally as

possible.

  • Spectacular drill results.
  • Ongoing aggressive exploration.
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SLIDE 24

Slide 24

This presentation contains forward looking statements that are subject to risk factors associated with a mining business. Where the company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward looking statements. Such risks include, but are not limited to metals price volatility, currency fluctuations, production performance, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, project delay or advancement, environmental risks, approvals and cost estimates, as well as political and operational risks in the countries and states in which we sell product to, shipping risks and governmental regulation and judicial outcomes. The company does not undertake any obligation to release publicly any revisions to any forward looking statement to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. All references to dollars, cents or $ in this presentation are to Australian currency, unless otherwise stated. References to “Perilya” or “company” references to Perilya Limited (ABN 85 009 193 695) or its applicable subsidiaries. The information in this report that relates to mineral resources for Flying Doctor, Pinnacles, Mount Oxide and Flinders is based on information compiled by Mr David Price who is a full-time employee of Perilya and is a member of the Australian Institute of Mining and Metallurgy and for exploration results for Broken Hill, Mount Oxide and Flinders by Mr Bruce Hooper who is a full-time employee

  • f Perilya and a member of the Australian Institute of Geoscientists. Mr Price and Mr Hooper have sufficient experience which is

relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Price and Mr Hooper consent to the inclusion in this presentation of the matters based on their information in the form and context in which it appears.

Disclaimer and Important Notice Attribution Statement

Broken Hill Flinders Mount Oxide Corporate