LIMESTONE DSO PROJECT NEAR TERM OPPORTUNITY FOR EARLY CASH FLOW - - PowerPoint PPT Presentation

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LIMESTONE DSO PROJECT

NEAR TERM OPPORTUNITY FOR EARLY CASH FLOW GENERATION; LIME FOR NICKEL PROCESSING PLANT

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AGATA LIMESTONE DEPOSITS

Payong Payong deposit

PAYONG PAYONG LIMESTONE DEPOSIT CHARACTERISTICS

5 4 3

SECTION 776 200E

3 4 5

Payong Payong Limestone Quality(1):

• CaCO3

97.26% - 99.96%

• MgO

0.41% - 0.75%

• Al2O3

0.07% - 0.30%

• Fe2O3

0.12% - 0.37%

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Payong Payong Exploration Target(1):

• Tonnage: 20~30 Million
• Apparent Thickness: 35~50 metres
• Apparent Area: ~400 metres X 800 metres
• Dip: ~ 350

*Based on five holes drilled into the Payong Payong limestone deposit by JV partner, Mindoro Resources Ltd., in 2011

(1) The potential quantity and grade of the Exploration Target described is conceptual in nature, there has

been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.

AMVI 2014 EXPLORATION DRILL PROGRAM

Drilling Status* Count

Proposed 25 Ongoing 2 Completed 2 MRL DDH 5

*Updated as of Nov. 26, 2014

LIMESTONE PROSPECTS WITHIN MPSA

Hole 1 Hole 2 Hole 3 Hole 4 Hole 5 Wt Avg. Meters 47.30 38.20 58.35 60.50 97.95 60.46 Ca % 38.93 39.59 39.41 40.01 39.70 39.57 CaO % 54.47 55.39 55.13 55.98 55.54 55.36 %CaCO3 97.26 98.90 98.45 99.96 99.18 98.86 Mg % 0.45 0.24 0.28 0.29 0.41 0.34 Si % 0.32 0.08 0.47 0.10 0.20 0.23 Fe % 0.17 0.09 0.26 0.08 0.10 0.14 Al % 0.12 0.06 0.16 0.04 0.05 0.08 MgO % 0.75 0.41 0.47 0.47 0.68 0.57 SiO2 % 0.68 0.17 1.00 0.21 0.42 0.50 Ni % 0.01 0.01 0.01 0.01 0.01 0.01 Co % 0.00 0.00 0.00 0.00 0.00 0.00 Al2O3 % 0.23 0.11 0.30 0.07 0.09 0.15 Cr2O3 % 0.02 0.01 0.01 0.01 0.01 0.01 Fe2O3 % 0.25 0.13 0.37 0.12 0.14 0.20 K2O % 0.01 0.00 0.01 0.00 0.00 0.00 MnO % 0.00 0.00 0.00 0.00 0.00 0.00 Na2O % 0.00 0.00 0.00 0.00 0.04 0.01 P2O5 % 0.00 0.00 0.00 0.00 0.00 0.00 TiO2 % 0.02 0.02 0.02 0.02 0.01 0.02 V2O5 % 0.02 0.02 0.02 0.02 0.02 0.02 Cu % 0.01 0.01 0.01 0.01 0.01 0.01 Pb % 0.02 0.02 0.02 0.02 0.02 0.02 Zn % 0.00 0.00 0.00 0.00 0.00 0.00 As % 0.00 0.00 0.00 0.00 0.00 0.00 S % 0.00 0.00 0.00 0.00 0.00 0.00 BaO % 0.07 0.07 0.07 0.07 0.06 0.07 Sn % 0.03 0.03 0.03 0.03 0.03 0.03 Cl % 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL % 99.68 99.85 100.43 100.37 100.24 100.17 LOI % 43.30 43.66 43.18 43.57 43.36 43.39

ASSAY RESULTS OF PAYONG PAYONG LIMESTONE DRILL HOLES, 2011

Source: Mindoro Resources Ltd., 2011