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ECOGRAF LIMITED — AGM Information 2012
Nov 21, 2012
64830_rns_2012-11-21_08d57b66-a5ad-46a2-984e-23c457d838fb.pdf
AGM Information
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**ANNUAL
GENERAL
MEETING** 22
November
2012 Sydney
Founded
on
Nickel
and Growth
through
Graphite
DISCLAIMER
**Securi9es
Disclaimer**
This
presentaDon
is
for
informaDonal
purposes
only
and
does
not
consDtute
an offer
or
sell,
or
solicitaDon
to
purchase,
any
securiDes.
Such
Offer
can
be
made only
through
proper
subscripDon
documentaDon
and
only
to
investors
meeDng strict
suitability
requirements.
Any
failure
to
comply
with
these
restricDons
may consDtute
a
violaDon
of
applicable
securiDes
laws.
**Forward
Looking
Statements**
Various
statements
in
this
presentaDon
consDtute
statements
relaDng
to intenDons,
future
acts
and
events.
Such
statements
are
generally
classified
as “forward
looking
statements”
and
involve
known
and
unknown
risks, uncertainDes
and
other
important
factors
that
could
cause
those
future
acts, events
and
circumstances
to
differ
materially
from
what
is
presented
or
implicitly portrayed
herein.
The
company
gives
no
assurances
that
the
anDcipated
results, performance
or
achievements
expressed
or
implied
in
these
forward
looking statements
will
be
achieved.
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2
PROJECT
LOCATION
–
TANZANIA
-
East
Africa
–
Significant
and compelling
graphite occurrences. -
Tanzania
focussed. -
Large
land
posiDon
in
Tanzania with
a
combined
ground
holding of
2,173km[2] . -
Strategy:
ExploraDon
and development. -
ExploraDon
and
metallurgical work
programmes
underway.
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3
EXPLORATION
AND
DEVELOPMENT
Significant
basis
to become
a
major graphite
producer
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4
PEER
COMPARISON
| Project | Loca9on | Owner(s) | Ticker Symbol(s) |
Share Price | Market Cap | Grade | Status | Code |
|---|---|---|---|---|---|---|---|---|
| Bisse\ Creek | CAN | Northern Graphite |
TSX.V:NGC, | C$0.66 | C$32M | 2.0% | NI 43-101 | |
| Sugerloaf | AUS | Archer | ASX:AXE | A$0.20 | A$16M | - | ||
| Kearney | CAN | Ontario Graphite Co. |
- | - | - | 2.4% | NI 43-101 | |
| Kringel | SWE | Flinders Resources Ltd. |
TSX.V:FDR | C$0.94 | C$43M | 8.3% | NI 43-102 | |
| Lac Knife | CAN | Focus Metals Inc. |
OTXQX:FCSMF | C$0.52 |
C$52M | 16.0% | Feasibility | NI 43-101 |
| Nunasvaara and Raitajärvi |
SWE |
Talga Gold Limited |
ASX:TLG | A$0.31 | A$14M | 23% | ExploraDon | JORC |
| Uley Main Road |
AUS | Strategic Energy |
ASX:SER | A$0.05 | A$19M | 8.7% | Corporate Deal |
JORC |
| Balama | E.AFR | Syrah Resources |
ASX:SYR | A$2.65 | A$352M | 11% | ExploraDon Target |
JORC |
| Mahenge | E.AFR | Kibaran | ASX:KNL | A$0.12 | A$8.4M | - | ExploraDon | JORC |
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Source: Company’ websites and announcements 16/11/12 5
GRAPHITE
–
BACKGROUND
-
Graphite
has
unique
properDes including
refractoriness,
high
stability, chemical
inertness,
high
electrical
and thermal
conducDvity. -
New
uses
are
developing
especially
in energy
markets. -
Significant
future
use:
lithium
ion ba\eries
(anodes). -
Further
use
in
the
potenDal applicaDon
of
Graphene.
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RECENT
ACHIEVEMENTS
Significant
progress
over
the
last
4
months:
-
Completed
iniDal
scouDng
RC
drilling
programme. -
First
hole
at
Epanko
confirms
high
grade
graphite:
20m
at
10.0%
TGC from
surface. -
Diamond
drilling
planned
to
commence
shortly. -
PosiDve
Sighter
Metallurgical
testwork
and
mineralogy. -
Geological
understanding
improved. -
Establishment
of
good
relaDonship
with
Government
authoriDes. -
Expanded
Board,
management
and
geological
team.
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MAHENGE
–
RC
DRILLING
-
27
RC
holes
completed in
scout
programme. -
5
prospects
tested. -
Assays
pending
for Ndololo
‘Eastern
Zone’, Ndololo
‘Central
Zone’ and
Epanko.
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8
EPANKO
–
FIRST
RC
HOLE
-
First
hole
confirms
high
grade
graphite
at
Epanko. -
• High
grade
zone
of
20m
at
10.0%
TGC
within
54m
at
6.4%
TGC
from MHRC019. -
Assay
results
pending
for
a
further
5
holes
at
Epanko.
Graphite
Mineralisa9on From To Interval Grade Hole_ID N E Dip Azi[Depth
] (m) (m) (m) (m) (%TGC) MHRC_019 905150 9035682 -60 90 200 0 54 54 6.4 Includes 0 21 21 10.0 106 124 18 6.3
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RC
DRILLING
-
Useful
and
cost
effecDve
exploraDon. -
Scout
drilling
for
diamond
drill
holes. -
Possible
impact
on
grade
as
iniDal
assay
results
confirm
graphite
loss (refer
below
34.4%
and
42.2%
TGC). -
Understanding
and
results
improving
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Graphite
34.4%TGC.
MHRC024
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Graphite
42.2%TGC.
MHRC023
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RC
DRILLING
-
IniDal
geological
logging
expected
higher
grades. -
Large
graphite
flakes
idenDfied. -
Graphite
–
large
platy
surface -
Physical
property
of
graphite
(lower
density)
lends
itself
to
be overesDmated.
MHRC011
–
Depth
20m
–
40m
(Showing
sample
analysis
%
TGC)
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13.1%
10.3%
12.5%
3.3%
3.2%
3.0%
5.5%
1.4%
1.6%
6.4%
4.5%
3.3%
5.2%
2.5%
6.4%
4.5%
3.3%
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EPANKO
–
MHRC023
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MHRC023
–
Depth
100m
–
120m
(assays
pending)
MHRC011
–
Depth
20m
–
40m
(Showing
sample
analysis
%
TGC)
13.1%
10.3%
12.5%
3.3%
3.2%
3.0%
5.5%
1.4%
1.6%
6.4%
4.5%
3.3%
5.2%
2.5%
6.4%
4.5%
3.3%
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EPANKO
–
MHRC023
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- Assays
pending
for
hole
MHRC023, hole
ended
at
225m
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NDOLOLO
WESTERN
ZONE
–
MHRC008
-
Geological
logging recognised
graphite. -
MHRC008
returned
26m
at 5.7%
TGC
from
12m
(incl
4m at
10.5%
TGC
from
12m).
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14
NDOLOLO
GRAPHITE
PROSPECT
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----- Start of picture text -----
Graphite
schist
contact.
Planned
diamond
drill
hole.
•
LocaDon
of
first
diamond
drill
hole
–
MHDD001
planned
to
commence
shortly.
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NDOLOLO
MINERALOGY
Massive
Flake
Graphite Ndololo
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Massive
Flake
Graphite Merelani-‐Arusha
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**Flake
size
2000
micron
(2mm)**
16
EAST
AFRICA
–
GRAPHITE
-
Compelling
geological
setng. -
High
metomorphic
terrain
– Unique
(Merelani
Tanzanite Mine). -
MulDple
graphite
occurrences. -
Large
flake
and
high
grade. -
Available
and
educated
work force. -
Tanzania
exports
increased over
last
12
years.
Now
third-‐ largest
gold
producer
Africa.
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17
HISTORICAL
PRODUCTION
Historical
graphite
grade
from
past producDon
in
East
Africa
includes: Tanzania Merelani
Tanzania
Mine
8.3
%
TGC
Mozambique Ancuabe
Mine 9.5%
TGC Satemua 6.0%
TGC
Note:
No
current
graphite
produc7on
in Tanzania
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TANZANIA
–
INFRASTRUCTURE
-
Mining
friendly
country. -
Mining
Act. -
PoliDcally
stable. -
Significant
infrastructure. -
Trained
workforce. -
Strong
network
of accessible
ports
(4)
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- Siding
at
Ifakara.
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19
KAGERA
NICKEL
PROJECT
-
ExciDng
Nickel
Sulphide
project located
within
world-‐class province. -
Located
north
of
Kabanga
nickel deposit
owned
by
Xstrata. -
Only
3
holes
drilled. -
Large
EM
dataset. -
Independent
interpretaDons underway. -
Value-‐add
opportuniDes
being evaluated.
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20
FORWARD
WORK
PROGRAM
Planned
acDvity
for
2012:
-
Trenching.
-
Diamond
drilling. -
Geological
interpretaDons
and mineral
resource
esDmaDon work. -
Metallurgical
testwork. -
PotenDal
bulk
sample. -
Planning
of
geophysical
EM surveys.
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CONCLUSIONS
-
East
Africa
–
known
occurrences
of
graphite
and
a
compelling
new province. -
Tanzania
graphite
occurrences
–
high
grade
and
large
flake. -
Secured
historical
known
occurrence
and
large
exploraDon
poruolio. -
ExploraDon
and
development
strategy
in
place. -
Significant
progress
and
results
achieved
to
date. -
Impact
of
lithium
ba\eries
and
growth
in
graphite
–
new
mines
will be
required.
Founded on Nickel and Growth through Graphite
22