ALTECH BATTERIES LTD — Investor Presentation 2011

Nov 3, 2011

China Mining Conference, Tianjin November 2011

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South West, Western Australia

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Albany Port, Western Australia
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www.ammg.com.au

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Disclaimer

Certain statements made during or in connection with this communication, including, without limitation, those concerning the economic outlook for the exploration industry, expectations regarding commodity prices, production, cash costs and other operating results, growth prospects and the outlook of Australia Minerals and Mining Group Limited’s (AMMG) operations; contain or comprise certain forward-looking statements regarding AMMG’s exploration operations, economic performance and financial condition.

Although AMMG believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forwardlooking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in commodity prices and exchange rates and business and operational risk management. AMMG undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events.

Competent Person Statement

Technical information in this report is based on information compiled by Mr Michael O’Mara, B.Sc. Geology, AMMG Chief Geologist and a member of the Australasian Institute of Geoscientists. Mr O’Mara has sufficient exploration experience, which is relevant to the styles of mineralisation and types 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’ (“JORC 2004”). Mr O’Mara consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

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SOUTHDOWN EXTENSION PROJECT PART OF THE YILGARN IRON ORE PROJECT

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Collie
Esperance
Southdown Extension
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SOUTH WEST WA PROJECTS RELATIVELY CLOSE PROXIMITY TO ROAD, RAIL, PORTS

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TENEMENTS AND LOCALITY

• Southdown Extension project area: E70/2640 – approx 35km[2 ]

5 other EL applications – approx 65km2

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OWNERSHIP STATUS

• AMMG has acquired an initial 80% equity in the Southdown Extension Project through its wholly owned subsidiary Yilgarn Iron Pty Ltd

• AMMG is now in a JV with two small original owners

• They must co-contribute; dilution is to be expected

• AMMG expects to be able to proceed to 95% equity

• The original owners would then have either a 5% residual interest, or a 2% gross royalty.

• AMMG is currently in negotiation to acquire the entirety of the original owners’ interest.

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TARGETS

• AMMG has rights over the western area of the Southdown magnetite deposit.

• Southdown Extension E70/2640 contains ~7km of magnetite strike.

• Grange Resources and China’s Australian Bulk Minerals owns 70% of the adjacent Southdown Magnetite Project, and 30% is owned by Japan’s Sojitz Corp.

• Grange Resources announced a 654.4Mt JORC resource upgrade grading 36.5% magnetite over a 12km strike length.

 Grange Resources aims to produce 10Mt per annum of high grade magnetite concentrate to be shipped from the Albany Port through slurry pipeline.

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SOUTHDOWN EXTENSION

MAGNETITE

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Drilling: 9m @ 41% magnetite from 101-110m

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Drilling: 6m @ 36% magnetite from 121-127m

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• Target WSD 001 12m @ 40.65% Magnetite

• Target WSD 002 6m @ 36.0% Magnetite  Target WSD 003 9m @ 41.0% Magnetite

• Historical work by Anglo American

• Average iron in magnetite, 66%

• (from Davis Tube Recovery)

• Coarse grind magnetite estimated at >20micron metres

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NEW TMI MAGNETICS

SOUTHDOWN EXTENSION

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SOUTHDOWN EXTENSION EXPLORATION COMMENCED

• Drilling to commence in December 2011.

• Access agreements achieved with private landowners (no native title).

• Historical drilling showed magnetite at grades similar to Grange’s Southdown magnetite deposit.

• Grange Resources declared our project has similar mineralisation as their Southdown magnetite deposit.

• Historical exploration by Anglo American and Minemakers ~$1m spent on RC and diamond drilling, and aeromagnetic data acquisition.

• Minemakers originally estimated exploration target* of ~ 300-500Mt of magnetite mineralisation.

*The term target should not be misunderstood nor misconstrued as an estimate of Mineral Resources and Reserves as defined by the JORC Code (2004), and therefore the term has not been used in this context. It is uncertain if further exploration or feasibility study will result in the determination of a Mineral Resource or Mining Reserve.

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INVESTMENT TERMS SOUGHT

 FARM-IN/ JOINT VENTURE

• Incoming party to earn equity by expenditure.

• Incoming party can be involved in management.

• Major equity position available.

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GRANGE RESOURCES’ RESOURCE UPGRADE

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GRANGE RESOURCES’ RESOURCE UPGRADE

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