For personal use only Aggressive Path to Coal Production Maverick - - PowerPoint PPT Presentation

“Aggressive Path to Coal Production””

Maverick Drilling International Ltd

ASX: MRK August 2008

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Company Update

• ASX: MRK
• Relisted July 2008
• Experienced Management
• Board has strong technical and corporate experience
• Tight share register
• Top 40 own 78%
• Focused on Coal & Gas

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• Focused on Coal & Gas
• Prospects

– Loopleegte Coal

• Waterberg region South Africa
• Initial Exploration target 120-240Mt coal

– Reid’s Dome Gas

• Queensland Australia
• 20% JV interest

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Acquisition

• Acquisition of 30% farm in joint venture interest in Loopleegte 302LQ

located in South Africa’s Waterberg Region.

• Acquisition consideration of:

– 98.5 million shares (subject to Shareholder approval); – Payment of A$150,000 reimbursement of vendor expenses; – Maverick to fund A$550,000 in exploration over 18 months.

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– Maverick to fund A$550,000 in exploration over 18 months.

• Option to increase interest up to 74% on payment of either:

– A$0.34/tonne: or – the issue of Maverick Shares calculated at A$0.48/tonne

• f mineable coal based on 44% of the mineable coal indicated in the

Bankable Feasibility Study

• Appointment of Mr Christo Cordier as General Manager.

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Structure

Maverick Drilling International Ltd Torbanite One Pty Ltd New Order Investments

100% 100% 20%

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New Order Investments 141 Pty Ltd Vuselela Mining Pty Ltd BEE Partner

Loopleegte Farm JV

30% 70%

Reid’s Dome JV

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Waterberg Coal Region

Coal discovered in 1922 during water drilling 25km west of the town of Lephale. Coal seams occur in the Volksrust and Vryheid Formations of the Karoo sequence. Numerous coal seams occur, varying in thickness from millimetres to more Witbankg Waterburg

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than 60 metres over a zone of 120 metres. The Waterberg Coalfield is estimated to contain more than 40 - 50% of the total remaining coal Resources in South Africa.

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Location of Loopleegte

Loopleegte 302 LQ prospecting right covers an area of approximately 1281 hectares and is situated on the Southern edge of the Waterberg Coalfield near the South African Botswana border and about 25km west of

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Botswana border and about 25km west of Lephale The Exxaro Grootegeluk operation has total Resource of 6.016 Billion tonnes of coal.

Proposed Power Plant Power Plant

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Next Steps 2008

• Exploration of $550,000 over 18 months towards:

– Resource – Reserve – Feasibility – BFS

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• Drilling programme Q3/4 2008 to give an inferred resource
• Exploration Target between 120 to 240 million tonnes, please refer to the JORC

Statements in respect of the exploration target.

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Geological Model Width of Coal Seams East Loopleegte

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Proposed Exploration Programme

Slide 9

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Director on site with the Exploration Manager

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Demand

Diagram Showing Power Demand and Supply as Forecast by Eskom

Slide 11

Eskom expects to raise its coal purchases by about 44.9Mt a year by 2025

(according to Rob Lines, acting GM – Generation Primary Energy Eskom, January 2007)

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Competitive Advantage & Market Opportunity

• Proximity to infrastructure

– 5km to nearest railway line – 15km to new Medupi Power Plant

• Neighbours & potential off-take partners

– Sasol JSE listed

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– Sasol JSE listed – Sekoko major BEE prospecting right holder – Eskom state owned power company – Steel manufacturers

• Strategic Partnership with Vuselela Mining (BEE) – access to further

acquisitions

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Reid’s Dome Gas

• 20% interest in the Reid’s Dome Tenement,
• Gas project in the Bowen Basin, onshore Queensland
• Maverick will expend approximately $200,000 in the current 12 month

period on review, evaluation and development of the Reid’s Dome Project, whilst also evaluating other oil and gas opportunities.

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• Potential gas target at depth.

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Gas flow in the upper section (450ft) at Reid’s Dome

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The Company

Directors & Management Richard Wolanski (Chairperson)

• Capital markets, corporate finance and advisory expertise

Peter Christie (Non-Executive Director)

• 25 years corporate management

Peter Pawlowitsch (Executive Director)

• Operational, corporate and management

Christo Cordier (General Manager)

Slide 15

Christo Cordier (General Manager) – Operational and further acquisitions Capital Structure Shares Issued

• Total shares

396.0 M

• Acquisition (Loopleetge)

98.5 M

• Total

494.0 M Options

• 1c

65.0M Market Capitalisation (at Aug 08 @ $0.035) AUD $14 M

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Corporate Milestones

Milestone Q3 2008 Q4 2008 Q1 2009 Q2 2009 Loopleetge

1st Phase Exploration 2nd Phase Exploration Conceptual Mining Plan

Reid’s Dome

Slide 16

Reid’s Dome

Develop work programme

Corporate

Shareholder Approval – Loopleetge Strengthen Technical personnel Potential Further Acquisitions

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Summary

• Unique Coal Company with aggressive path to

production

• Exploration target to Resource by Q4 2008

– Delineation of 100+Mt resource with 20+ yr mine life

• Close to infrastructure and off-take partners
• Experienced team
• Capital markets

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• Capital markets
• Development experience
• Deal flow
• Technical support
• BEE partners

– Proven track record in mining – Access to further acquisitions

• Tight capital structure

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Contact Details

Head Office

Level 24 44 St George’s Terrace Perth WA 6000 Tel: +61 8 9325 2001 Fax: +61 8 9218 8875

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Fax: +61 8 9218 8875 Email: peter@maverickdrilling.com.au christo@maverickdrilling.com.au Website: www.maverickdrilling.com.au

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Appendices

Slide 19

Appendices

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Waterberg Coal Region

Coal Geology Volksrust Formation: The upper portion of the coal deposit. It consists of intercalated mudstone and coal with an average thickness of 60 metres. The coal and mudstone occur in easily identifiable cyclical repetitions of mudstone and coal sequences.

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Vryheid Formation: This Formation which is about 50 metres thick and forms part

• f the lower coal measures consisting of mudstones, and sandstones intercalated

with coal seams.

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JORC Statements

In respect of the exploration targets stated in this presentation, Maverick notes the following; In accordance with section 18 of the JORC Code, Maverick states that the potential quantity and grade of the targeted tonnes of coal is conceptual in nature. There has been insufficient verification of any exploration to define any type of mineral resources under the JORC Code. It is uncertain if further exploration will result in the determination of a mineral resource. The Board of Maverick has considered the information available to it in respect of Loopleegte and states that it does not consider it appropriate to state the existence of any mineral resource or any ore reserve. The information contained in this presentation is merely an exploration target which the Board believes may be achievable given the information available to it. In stating a target range, the Board have based the quantity of such target on the following factors:

• the area of Loopleegte (being 1,281 hectares);

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• the area of Loopleegte (being 1,281 hectares);
• the exploration target was calculated using an average 1.9 RD (grams per cubic centimetre);
• the underlying rock type belongs to the Karoo System and is normally coal bearing. Holes drilled on the

neighbouring properties to the east of Loopleegte have an average width of 34 metres of the Upper Ecca coal zone;

• the geology of surrounding region suggests that there is a possibility that coal from the Upper Ecca and Middle

Ecca coal zones could extend throughout Loopleegte; and

• that the exploration target range stated in this announcement is based upon a conservative average of an Upper

Ecca coal zone intersection of between 5 and 10 metres in width on Loopleegte. The Board further states that the potential quantities and grades contained in this presentation are conceptual in nature and that quantities or grades contained in surrounding properties are not necessarily reflective of quantities or grades that may or may not be present on Loopleegte. The Board further state that no exploration has occurred and it is uncertain whether any such future exploration will result in any economic quantities or grades of coal being discovered.

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Competent Person

Competent Person: Information in this presentation that relates to exploration results, coal resources is based on information compiled by Mr. David Van Wyk who is a consultant to the Maverick and is a (ROPO) Recognised Overseas Professional

• Organisation. Mr Van Wyk is registered with the South African Council for Natural

Scientific Professions which is recognized in a reciprocity agreement with the AusIMM and has sufficient experience which is relevant to the style

• f

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

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the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Van Wyk consents to the inclusion in this presentation of information from his report to Vuselela dated June 2008

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