TriAusMin TriAusMin Tri Origin Minerals Ltd. Tri Origin Minerals - - PowerPoint PPT Presentation
TriAusMin TriAusMin Tri Origin Minerals Ltd. Tri Origin Minerals - - PowerPoint PPT Presentation
TriAusMin TriAusMin Tri Origin Minerals Ltd. Tri Origin Minerals Ltd. Corporate Overview Corporate Overview TSX: TOR June 2010 ASX: TRO ASX: TRO TSX: TOR June 2010 Disclaimer The Information contained in this presentation has been
2
Disclaimer
The Information contained in this presentation has been prepared using the information available to TriAusMin at the time of preparation. This presentation contains forward-looking statements that were based on expectations, estimates and projections as of the date of this presentation. Any forward-looking statement is subject to known and unknown factors which may cause actual results and developments to materially differ from those expressed by, or implied by the forward-looking statements in this presentation. External or other factors may have impacted on the business of TriAusMin and the content of this presentation since its preparation. TriAusMin does not undertake to update any forward-looking statements that are contained in this presentation, except in accordance with applicable securities
- laws. In addition, this presentation may not include all relevant information regarding TriAusMin.
TriAusMin has taken all reasonable care in preparation of this presentation. However, the content
- f this presentation should not be relied upon in relation to any further action including investment
in TriAusMin. Any person considering an investment in TriAusMin is advised to obtain independent financial advice prior to making an investment decision. Nothing in this presentation should be construed as to constitute an offer, invitation or recommendation to subscribe for, sell or purchase any security in any jurisdiction. Further information about TriAusMin is available at: www.triausmin.com
3
Overview
TriAusMin – the registered Canadian trading name of Tri Origin Minerals Ltd is an Australian base and precious metals exploration company with assets located in the Lachlan Fold Belt of New South Wales. TriAusMin recently listed on the TSX (TOR) and continues to be listed on the ASX (TRO).
- Strong land position with 70,300 hectares of leases in highly prospective Lachlan Fold
Belt – a world class gold and base metals province
- Significant but undervalued resources delineated at Woodlawn and Lewis Ponds
- Near term exploration upside potential from drilling for resource extensions and
repetitions of known deposits at both Woodlawn and Lewis Ponds
- Positive economic return indicated from completed Feasibility Study at the Woodlawn
Retreatment Project
- Corporate restructuring completed to improve shareholder value
4
Corporate History
- Incorporated in 1993 in New South Wales as wholly owned subsidiary of Tri
Origin Exploration Ltd (“TOE”)
- Listed on the ASX in 2004 (ASX: TRO)
- On January 22, 2010, shares listed on TSX (TSX: TOR); trading as
TriAusMin
- Listing will provide access to the world’s leading stock exchange for junior
mining companies
- TOR has a solid following in the Canadian market through TOE’s ownership
5
Capital Structure
- Shares outstanding: 116,724,734
- Tri Origin Exploration owns 25% of TriAusMin (“TOR”)
- Market Capitalization as at June 9, 2010: A$ 8.2 million
- Share structure:
- Australian registry
~53 million (45%)
- Canadian registry
~35 million (30%)
- Tri Origin Exploration Ltd. (“TOE”)
~29 million (25%) Total ~117 million (100%)
- Net available cash A$ 0.85 million*
*As of March 31, 2010
6
Board & Management
William Killinger AM, Chairman
Co-Founder of Minproc Engineers Engineer with over 40 years experience with international engineering firms
- Dr. Robert Valliant, Executive Director and CEO
Co-Founder of TOE and TRO Formerly VP Exploration LAC Minerals Ltd
Jeffrey Quartermaine, Director
CPA and has held senior finance roles within a number of ASX listed resources companies
Alan Snowden ICD.D, Director
Over 30 years experience in Canadian and International financial markets and was Director of Western Canada for BMO Nesbitt Burns
Calin Scott, CFO and Company Secretary
Former Manager, Mining & Energy Services PKF (Sydney)
7
The Lachlan Fold Belt:
A world-class mineral province
AGSO, 2005
- Major producer of gold, copper,
lead, zinc and silver
- International mining firms
including Barrick Gold Corp., Newmont Mining Corporation, Newcrest Mining Limited and Goldfields Limited have an active presence in the belt
- Largely under-explored using
modern exploration techniques Lachlan Fold Belt
New England Fold Belt
TRO Projects
8
Major Mineral Assets in the Lachlan Fold Belt
- Woodlawn Mining District (100%
- wned)
- Woodlawn Underground
Resource
- Woodlawn Tailings Retreatment
- Exploration leases and claims
total an area of 55,000 hectares
- Lewis Ponds Project (100% owned)
- Exploration leases and claims
total an area of 7,300 hectares
- Portfolio of prospective exploration
tenements throughout Lachlan Fold Belt
9
Woodlawn has a Significant Mining History
OPEN CUT
- Located 200km SW of Sydney
- TRO controls mineral rights to an extensive land position at Woodlawn including the past-producing
Woodlawn mine (mill has been dismantled)
- Woodlawn district produced ~13 million tonnes of copper/zinc/silver/gold ore from 1978 to 1998
10
Underground Mineral Resource
Woodlawn Block Model – Looking North West
Note: Based on 7% zinc equivalent cut-off grade
Woodlawn Underground - Resources Category Tonnes Gold Silver Copper Lead Zinc Gold Silver Copper Lead Zinc
('000)
(g/t) (g/t) (%) (%) (%) ('000 oz) ('000 oz) ('000 lb) ('000 lb) ('000 lb) Measured 3,600 0.5 85 1.80% 4.00% 10.40% 61 9,838 142,860 317,466 825,411 Indicated 5,000 0.6 84 1.80% 4.00% 10.20% 88 13,503 198,416 440,925 1,124,358 Measured & Indicated 8,600 0.5 84 1.80% 4.00% 10.28% 150 23,341 341,276 758,390 1,949,768 Inferred 1,500 0.6 87 1.70% 4.10% 9.60% 29 4,196 56,218 135,584 317,466 Contained Metal Grade
11
Main System Long Section and Targets
Projected down plunge continuation of mined ore bodies Deep drill hole target
- Previous mining extended to only
600 m below surface
- 8 Mt extracted from open pit (to
200m depth)
- 5 Mt extracted from underground
(200 to 600m depth)
- 10 Mt remain in resource (200 to
600m depth)
- Historic deposit totals 23 Mt to
600m depth and is open at depth
- Minimum Target = additional ~3 Mt
(100-200m depth extension to known deposit)
12
Cross Section 19280N
Woodlawn Mine Woodlawn Mine Cross Section Cross Section
Conceptual drill hole to test ore lenses
Historic open pit
- Ore lenses remain open at
depth and along strike
- Geological evaluation of drill
hole data indicates that deposits extend to greater depths
- Drilling is targeted to
intersect these extensions
13
Tailings Re-treatment Project
North Dam 3.1Mt South Dam 4.5Mt West Dam 4.1Mt
- Feasibility study examining
potential to re-treat tailings remaining from previous mining released in June 2008
- Positive feasibility study
results summarized and updated NI 43-101 technical report completed December 2009
- Pre-tax NPV (8%) is
A$68 million (1)
- After-tax IRR is 23% (1)
(1) Weighted average Bloomberg Long term Consensus Prices as published on Feb 19, 2010: Gold US$1,113/oz, Silver US$16.34oz, Zinc US$2,146/tonne, Copper US$5,464/tonne and Lead US$1,711/tonne; AUD:USD Exchange Rate = 0.80
14
Tailings Mineral Resource & Reserve
Total Resource converted to an Ore Reserve of 11.2 Mt grading 2.2% zinc, 1.3% lead, 0.5% copper, 0.3g/t gold and 32g/t silver 1
Note: 1 – JORC and CIM standard compliant – see full technical report dated December 15, 2009
Woodlawn Tailings - Resource Category Tonnes Gold Silver Copper Lead Zinc Gold Silver Copper Lead Zinc
('000)
(g/t) (g/t) (%) (%) (%) ('000 oz) ('000 oz) ('000 lb) ('000 lb) ('000 lb) Measured 5,300 0.3 31 0.50% 1.30% 2.30% 51 5,282 58,422 151,898 268,743 Indicated 4,100 0.3 34 0.50% 1.40% 2.30% 40 4,482 45,195 126,545 207,896 Measured & Indicated 9,400 0.3 32 0.50% 1.34% 2.30% 91 9,764 103,617 278,444 476,639 Inferred 2,300 0.3 31 0.40% 1.30% 2.10% 22 2,292 20,283 65,918 106,483 Grade Contained Metal
15
Re-treatment Project Economic Summary
Independent 43-101 Technical Report by Scott Wilson Roscoe Postle Associates Inc. (December 15, 2009)
- Estimated 7.7 year life at 1.5 Mtpa milling rate
- Average annual payable production of 37 million lbs of zinc, 7 million lbs
- f copper, 7 million lbs of lead, 2,000 ounces of gold and 371,000 ounces
- f silver
- Total payable production of 560,000 tonnes of zinc, copper and lead
concentrates containing 125,000 tonnes of zinc, 24,000 tonnes of copper, 25,000 tonnes of lead, 18,000 ounces of gold and 2.8 million ounces of silver
- Development capital ~ A$75 million
- Pre-tax NPV at 8% is A$68 million at long term metal prices(1)
- Internal rate of return is 23% after-tax(1)
Notes: 1 – Weighted average Bloomberg Long term Consensus Prices as published on Feb 19, 2010: Gold US$1,113/oz, Silver US$16.34oz, Zinc US$2,146/tonne, Copper US$5,464/tonne and Lead US$1,711/tonne; AUD:USD Exchange Rate = 0.80
16
Proposed Mining Method – Hydraulic Mining
Example Of Hydraulic Mining
Simple & Cost Effective Method
17
Woodlawn Infrastructure and Project Setting
- Land use agreements have been finalized
- Site serviced by grid electricity
- Sealed highways to site
- Rail access to Ports Botany & Kembla approximately 10km from Woodlawn
- Adequate water supply, skilled workforce & supportive community
- Right to transfer existing Mining Lease – government approval process underway
- Director General’s requirements for draft Environmental Approval have been met
18
Woodlawn Exploration Program
Priority drill targets
- Large land position and rights
to existing mining lease 100% held
- Regional exploration potential
is highlighted by the past producing Woodlawn and other mines in the district
- Prospects have been identified
for further drilling
Priority drill targets
19
Lewis Ponds Exploration Project
- Polymetallic deposit discovered in highly
prospective re-emerging gold district
- JORC compliant Mineral Resource (completed in
2004) of 6.35 Mt of Indicated Mineral Resources containing 320,000 ounces gold, 15 million
- unces silver, 160,000 tonnes zinc & 90,000
tonnes lead
- Geology similar to nearby Cadia and Ridgeway
(Newcrest Inc.) and McPhillamys (Alkane Resources Ltd) deposits
- Exploration to continue with both evaluation of
deposit for future development and discovery of new deposits
20
Summary
- Strong land position with 70,300 hectares of leases in highly prospective
Lachlan Fold Belt – a world class gold and base metals province
- Significant but undervalued resources delineated at Woodlawn and Lewis
Ponds
- Near term exploration upside potential from drilling for resource extensions
and repetitions of known deposits at both Woodlawn and Lewis Ponds
- Positive economic return indicated from completed Feasibility Study at the
Woodlawn Retreatment Project
- Corporate restructuring completed to improve shareholder value
21