BEIJING MINES & MONEY – JUNE 2012
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Transcript of BEIJING MINES & MONEY – JUNE 2012
An Option on aWorld Class Minerals Package Beijing Mines & Money June 2012Mike Palmer, CEO Phone: +61 2 8920 2300 Mobile: +61 418 950 694
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Undervalued Leverage to potential World Class projects
Focus on Papua New Guinea islands & coast, providing favourable logistics & proximity to major developments
Amazon Bay - large, well located iron sands project with vanadium & titanium credits
Multiple gold/copper projects - located on same geological structures as major mines (Lihir, Simberi)
Strong management track record
Clear strategy & structure for shareholders value creation
ASX Code “FOY”; market cap $6 million; based in Sydney
Foyson Resources Snapshot
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Significantly under valued when compared to ASX listed peers with iron-vanadium-titanium resources
1 Resources as defined by Company2 As at 1 June 20123 Refer Disclaimer Cautionary Statement
Amazon Bay - Undervalued Leverage
Company ASX Resource1 (tonnes) Location Market Cap2 ($M)
Foyson FOY 630 million3 PNG 6
Indo Mines IDO 165 million Indonesia 66
Amex Resources AXZ 220 million Fiji 71
TNG TNG 160 million NT 30
Speewah SPM 4.7 billion WA 16
Balla Balla Project - 450 million WA 40
IRON
SANDS
HARD RO
CK
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Proximity to World Class Projects
PAPUA NEW GUINEA
140o 142o 144o 146o 148o 150o 152o 154o 156o
140o 142o 144o 146o 148o 150o 152o 154o 156o
2o
4o
6o
8o
10o
12o
2o
4o
6o
8o
10o
12o
Proximity to World Class Mining ProjectsLorengau
Kavieng
Namatanai
Rabaul
Hoskins
Kimbe
Kandrian
Kieta
Alotau
Popondetta
Port Moresby
Kembra
Daru
Lae
YonkiChimbu
Goroka
Wau
Mt HagenWabagTabubil
Wewak
Vanimo
Madang
FRIEDA
OK TEDI
PORGERA RAMUYANDERRA
KAINANTU
TOLUKUMA
HIDDENVALEY
WAFI-GOLPU
SINIVIT
SOLWARA
LIHIR
SIMBERI
WOODLARK
MISIMA
UPDATED MAY 2012
0 100 200
New Britain
Bougainville
New Ireland
GOLDEN PEAK
POIAMAZON BAY
ATUINORTH NEW BRITAIN
PALABONG
TANGALEGUSULUM
MUSSAUMANUS
Foyson Projects
Existing & Potential Mines
LEGEND
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
New management New strategy for prioritising projects New approach to project development New corporate structure Recapitalise New company name
New Corporate StructureRevised Corporate Structure
Titan Resources Pty LtdGold/Copper
New Ireland Holdings LimitedGold/Copper
Amazon Bay Holdings LimitedIron sands/Vanadium/Titanium
100% 100%50% plus 50% Option
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Over 100 km stretch of coast line, 200 km south east of Port Moresby
Focus on 30 km long Threadfin area, which has exploration target of 630 million tonnes 1
Concentrate of 55% Fe, 1% V2O5 & 17% TiO2
Plan to drill Threadfin to JORC status in CY2012
Metallurgical processes now exists to separate out high purity vanadium and titanium products
Low cost, well tested production process - similar to BlueScope Steel at Waikato, New Zealand
Amazon Bay Iron Sands - Overview
1 Quantity estimate based on previous drilling, Landsat and available radiometrics covering Amazon Bay dune formation. Refer Disclaimer Cautionary Statement
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Amazon Bay Proposed Drilling
Radiometrics draped over Google Earth
1600m
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Located on the same volcanic arc as Lihir (56Moz) and Simberi (6.5Moz)
Mostly unexplored because of limestone cover
Exposed volcanic rocks contain epithermal veins with up to 28g/t gold (BHP past exploration)
Proposed exploration: - Airborne magnetics - Drill through cover
Gold/Copper Projects - Proximity to World Class Mines Mussau Island
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Under-explored porphyry Cu-Au project
Same volcanic arc as Panguna (23Moz Au, 6.5Mt Cu in resources and past prod)
1980’s – Esso estimate 30Mt at 0.25% Cu (not JORC) based on old drilling
Recommended by Esso: - IP survey - Deep drilling (>900m) - Scout drill untested leach cap and covered surrounds
Gold/Copper Projects - Proximity to World Class Mines Legusulum
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Undrilled porphyry Cu-Au at ATUI on a known porphyry trend – IP and drilling underway
Significant rock chip occurrences to be followed up
Gold/Copper Projects - Proximity to World Class Mines New Britain
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
Expenditure focussed on contribution to creating shareholder value
Undervalued leverage to major Iron Sands, Vanadium and Titanium project
World class PNG gold/copper tenement package with immediate drill targets
Management track record of project delivery
Foyson Resources Conclusions
Strategy for Creating Shareholder Value May 2012An Option on a World Class Minerals Package
June 2012foyson...abundant harvest
This document has been prepared by Foyson Resources Ltd (the Company). This document contains background information about the Company and its projects current at the date of this document. It does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this document.
The document is for information purposes only. Neither the document nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This document may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction.
To the fullest extent permitted by law, Foyson Resources Ltd, its officers, employees, agents and advisers do not make any representation or warranty, expressed or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this document. No responsibility for any errors in or omissions from this document is accepted.
Where Foyson Resources Ltd 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.
1 To the extent that there is information set out in this document, any potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource under the JORC Code and it is uncertain if further exploration will result in the determination of a mineral resource under the JORC Code. Quantity estimate based on previous drilling, Landsat and available radiometrics covering Amazon Bay dune formation.
The information contained in this document that relates to Exploration Results or Mineral Resources or Ore Reserves is based on information compiled by Mr Chris Young who is a Member of the Australian Institute of Geoscientists. Mr Young has sufficient experience which is relevant to the style of mineral deposits 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 Mineral Resources and Ore Reserves”. Mr Young consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.
Foyson Resources LtdNOTICE AND DISCLAIMER CAUTIONARY STATEMENT