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PRODIGY GOLD NL — AGM Information 2009
Nov 22, 2009
65615_rns_2009-11-22_e85df2f4-6246-4fc1-97dd-41dd35b05f0a.pdf
AGM Information
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23 November 2009
The Announcements Office Australian Stock Exchange Ltd Level 3, 20 Bridge Street SYDNEY NSW 2000
By ASX Online Transmission
Dear Sir / Madam,
MANAGING DIRECTOR’S ADDRESS - ANNUAL GENERAL MEETING
Attached is a copy of the new Chairman’s and Managing Director’s Address to the Annual General Meeting of shareholders which is currently being held. This presentation was subject to the passing of several resolutions which have been passed.
The results of the meeting will be release on completion of the meeting.
Yours faithfully
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Jutta Zimmermann Company Secretary
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ADDRESS OF THE NEWLY APPOINTED CHAIRMAN OF ABM RESOURCES NL
“Good afternoon Ladies and Gentlemen and thank you for passing all the resolutions that will be the basis of this company moving forward.
Firstly I would like to thank Mr. Andrew Simpson, Mr Simon Rigby and Mr Imants Kins in his Executive Chairman’s role for their contributions to the development of this company and wish them all the best for their future endeavours.
“Having been a student of mineral exploration risk and value for some time, I am very aware of the importance of three key components of a successful exploration strategy: A quality mineral province, and the capability in the management and exploration team to become the experts in identifying, ranking and testing exploration targets in the province at the lowest possible cost per target.
Sufficient ground holdings in the province to enable the generation of tens to more than 100 targets. This is critical to enable the company to beat the inherent odds of success in our business.
Sufficient funds and sufficiently patient investors to enable the team to generate, test and turn over sufficient targets.
I am very confident that ABM has the team, the ground holdings and the quality province in the Tanami-Arunta, and am assured that we have investors who understand the need for patience and sufficient funding. It is a particularly exciting time to be joining ABM Resources.
As all relevant Resolutions have been passed Mr Holden will now present to the Members an outlook on the company’s strategy in the future.
Please welcome Mr Holden, the newly appointed Managing Director of ABM Resources for his presentation.”
ADDRESS OF THE NEWLY APPOINTED MANAGING DIRECTOR
“Good afternoon Ladies and Gentlemen: I would like to thanks you for your support of the Resolutions put before this Meeting and it is my pleasure to introduce you the new projects in the Tanami area, which are still subject to completion of various conditions by Tanami Gold and ABM, and the strategic outlook of ABM”
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Unlocking the Potential of Australia’s Final Frontier
AGM Presentation Nov 23, 2009 Investor Presentation Nov-Dec 2009 Darren Holden
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DISCLAIMER
This presentation has been prepared by ABM Resources NL (“ABM” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.
This presentation contains forecasts and forward looking information. Such forecasts and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. ABM has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, ABM makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation. You should not act or refrain from acting in reliance on this presentation material. This overview of ABM does not purport to be all inclusive or contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision.
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Our Business Model is Simple
Discover and develop Tier One mineral deposits 5-10Moz Au with a 5 year program starting now!
How is it set up?
By selecting the right regions and right partners
By building funding mechanisms for 5 year discovery cycles
How do we assure it?
Technology based targeting combined with solid prospecting and fieldwork
DRILL MORE HOLES DEEPER INTO BETTER TARGETS
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Key Team
Newly incorporated board Innovative executive Management Proven track record of Discovery
Investment Bankers / Advisors with long-term view
Key Project
The most under explored gold belt in Australia
>20 targets ready for drilling
2.3M hectares of Exploration Licenses and Applications
Key Strategy
To aggressively explore and discover new gold and gold-copper deposits in the highly prospective Tanami – Arunta Region
To be Australia’s preeminent discovery company
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ABM Resources The Explorers Exploration, Discovery & Development
Bringing a new approach and patient long term backers Goal to discover Tier One gold and gold-copper deposits
Tanami Gold NL The Miners Sharing of logistics and data Domain experience and knowledge
Community liaison knowledge
CLC Key Stakeholders Liaison with Traditional Owners Exploration permitting
Suppliers of services, personnel
Building capacity in local communities
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Chairman Mike Etheridge
Experienced Corporate Director
Leader in mineral deposit discovery, probabilistic targeting, exploration valuation
Adjunct Professor at Macquarie University
Director Nick Archibald
One of Australia’s leading structural geologists Noted mineral explorationist Technology visionary
Winner of the GoldCorp Challenge resulting in >6Moz discovery
Director Imants Kins
Macro economist
Former ABM Resources Executive Chairman
Leader in corporate governance and administration
Director of Lihir Gold
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Managing Director Darren Holden
Former COO of Canadian listed explorer
Led teams to discoveries of >8Moz Au Eq and other copper, gold, molybdenum and silver deposits throughout North America
Leader in the field of managed risk and technology in exploration
CFO / CS Jutta Zimmermann
Accountant Business Information Technology Company Administration expert Strong management and organisational skills
Advisors / IB Blackwood Capital Investment Bankers Capital Raisings Principal Contacts: Nathan Featherby Francis Harper
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Gold Camps with individual deposits >5Moz
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Gold Camps with individual deposits >5Moz
Remove on political risk (Fraser Institute’s bottom half)
Remove mature camps (declining discovery rates – biggest early then decreasingly smaller) Remove on issues of infrastructure, access, high cost of exploration, length of exploration season Remove on postage stamp land positions – i.e. Ground consolidation not possible Remove on max holding less than 10,000 sq km – LEAVES TANAMI – THE FINAL FRONTIER
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Tanami NT
Project
Callie Mine +5Moz
North Arunta
Project
Lake Mackay
Project
East Arunta
WA NT 200km Project
Alice Springs
Mine ABM tenement (EL / ELAs)
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Tanami – Arunta Provinces
Australia’s Final Frontier for Mineral Discovery
>5Moz Deposit (Callie) discovered in last 20 years
All Discoveries within 25km of road
Largest Exploration Land Position in Australia
2.3M Hectares of ELs and ELAs
Grossly Underexplored
*Source = www.intierra.com
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The 1800-1900Ma Gold Event
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30Moz
Birimian
Guyana Shield
20Moz Tanami-Arunta
10Moz
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Tanami – Arunta Provinces
Part of a global gold event 1800-1900Ma Compared to Birimian in Ghana and the Guyana Shield in South America, Tanami statistically could yield:
20 Tier Two Deposits 0.2-5Moz
3 to 5 Tier One Deposits 5-10Moz
2 to 3 Giants 10 to 40Moz
Source www.intierra.com
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Callie Mine – A Proxy and Prize Newmont Australasia Tier One Deposit
>5Moz Au @ >6.1g/t Au
Discovered on a 7ppb gold anomaly
Hidden adjacent to known deposits Foot print <500m x 200m
Source: Google Earth
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Surface Enrichment
2 to 50ppb (up to several g/t in oxide deposits)
Regolith
Regolith
Depletion Most of previous work focused
on AirCore and Vacuum Drilling
near surface
Saprolite ~100m to 200m
Very few holes into fresh-rock
ABM to drill deeper holes
Fresh Rock Target Zone
>5Moz @ >6g/t
Conceptual Cross-Section
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Stripped Profile or
Regolith
Transported Cover and
sand dunes
Saprolite ~100m to 200m
Fresh Rock Target Zone
>5Moz @ >6g/t
Conceptual Cross-Section
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Regolith
In parts the near surface is completely stripped and there is no surface expression at all
ABM to use advanced geophysical techniques and 3D modelling to pick blind targets 14
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Tanami NT Tanami – Arunta
Project
Provinces
Previous
North Arunta Exploration
Project
Project Areas with Surface
Geochem (Red)
Lake Mackay
Project
100km
Mine Project areas with geochem coverage
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Tanami NT Tanami – Arunta
Project
Provinces
Previous
North Arunta Exploration
Project
Project Areas with drilling
Lake Mackay
Project
100km
Mine Drill holes (13276 holes)
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Tanami NT Tanami – Arunta
Project
Provinces
Previous
North Arunta Exploration
Project
Project areas with drilling
>25m
Lake Mackay
Project
100km
Mine Drill holes deeper than 25m (1768 holes)
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Tanami NT Tanami – Arunta
Project
Provinces
Previous
North Arunta Exploration
Project
Project areas with drilling
>100m
Lake Mackay
Project
100km
Mine Drill holes deeper than 100m (84 Holes)
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Tanami NT Tanami – Arunta
Project
Provinces
Previous
North Arunta Exploration
Project
Project Areas with drilling
>200m
Conclusion – No
Systematic Testing of
Bedrock
Lake Mackay
Project
100km
Mine Drill holes deeper than 200m testing bedrock (3 Holes)
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Birrindudu
Tanami NT
Old Soldier
5180 sq km of ELs and ELAs
Calypso
1500 sq km of the Trans Tanami
Shear
Supplejack
Shear 12 individual prospects
Region with an endowment of
Lake
>10Moz (so far)
Talbot
Prospect
Mine
Mallie
100km
Underlying image- Aeromagnetics
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Mallie Prospect
Callie Mine
25km Underlying image- Aeromagnetics
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Tanami NT – MALLIE Prospect
Dead Bullock Soak Formation
Discordant magnetic body with demagnetized or reversely magnetized bodies Deep alluvial channel
1 hole to 176m by NFM
NOT SYSTEMATICALLY TESTED
Prospect
Mine
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Mallie Prospect
Callie Mine
Callie
Footprint
>5Moz Au
Points = Maximum assay for gold in shallow AirCore Drilling. Underlying image- Aeromagnetics
All holes shown.
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Tanami NT – OLD SOLDIER Prospect
1.8km by 2.8km Max Hole Depth = 93m Average Hole Depth = 35m Best assay 400ppb Au BEDROCK UNTESTED
Max Assay Down Hole
Extent of anomaly > 10ppb Au >1,000 ppb Au
200 – 1000ppb Au
20 – 200ppb Au
-
10 – 20ppb Au
-
2 – 10ppb Au
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Northern ELAs –
spanning Trans-
Tanami Structure
Reynolds Range
ELs – 10 Prospects
100km
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North Arunta Project
6887 sq km of ELs and ELAs ELAs spanning the Trans Tanami structure
Reynolds Range – broadly anomalous gold over 80km strike length
Underlying image- NTGS Interpreted Geology Red and Pinks – Intrusive rocks Greys and browns – Sedimentary rocks
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Sabre
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North Arunta / Reynolds Range
10 prospects
60km of strike length
Lander Rock Beds equivalent of Killi Killi Formation (host to Coyote deposit)
Major NW-SE structural corridor – a splay off the Trans Tanami Structure
Points = Maximum assay for gold in shallow RAB, AirCore, Vacuum Drilling.
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1,000 ppb Au
-
200 – 1000ppb Au
-
20 – 200ppb Au
-
10 – 20ppb Au
-
2 – 10ppb Au
Prospect
Underlying image- NTGS Interpreted Geology Red and Pinks – Intrusive rocks Greys and browns – Sedimentary rocks
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Callie Footprint
5-8Moz Au
Points = Maximum assay for gold in shallow RAB, AirCore, Vacuum Drilling. Refer
to Appendix 3 for full description of intercepts. All holes shown.
700m
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1,000 ppb Au
200 – 1000ppb Au Extent of anomaly > 20ppb Au
-
20 – 200ppb Au
-
10 – 20ppb Au
-
2 – 10ppb Au
N. Arunta / Reynolds Range
SABRE PROSPECT
900m x 500m
Best Intercept 33m @ 2.27g/t Au Max hole depth = 156m Average Hole Depth = 37m BEDROCK UNTESTED
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Whakatipu
Dodger
Tekapo
Manapouri
Ohau
Taupo
50km
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Underlying image- NTGS Interpreted Geology Red and Pinks – Intrusive Rocks Greys and browns – Sedimentary rocks
Lake Mackay Project 8443 Sq Km of ELs and ELAs
Iron Oxide Copper Gold analogues – Ernest Henry, Prominent Hill, Tennant Creek Olympic Dam No drill holes into bed rock 6 anomalies UNCHARTERED LANDS
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Rock Chip samples (ppmAu)
Lag Geochemistry Samples (ppb Au)
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Gold Copper
Approx Approx
Footprint of Footprint of
Ernest Henry Ernest Henry
IOCG ~15Moz IOCG ~15Moz
Au Eq Au Eq
X 130.13192, -22.26979 (GDA94) X 130.13192, -22.26979 (GDA94)
Grid = Gold in Lag sampling 0 to 3200ppb Grid = Copper in Lag sampling 0 to 4045ppm
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Cobalt Molybdenum Bismuth
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Black dots = Drill hole locations (refer Appendix 2) Stars = Rock-chip sample locations Circles = Lag surface geochemistry sample locations
Lake Mackay TEKAPO – An IOCG?
1.45km x 0.7km anomaly
Rock Chips up to 32g/t Au, 0.4% Cu
Shallow regolith drilling includes
23m @ 2.5g/t Au
3m @ 7.3g/t Au
4m @ 2.6% Cu
Max Hole depth = 120m Average Hole Depth = 72m
BEDROCK UNTESTED
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Co in Lag sampling 0 to 243ppm
Mo in Lag sampling 0 to 17ppm
Bi in Lag sampling 0 to 47ppm
Rock Chip samples (ppmAu)
Lag Geochemistry Samples (ppb Au)
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X 129.55858, -22.77042 (GDA94)
Gold
Approx
Footprint of
Ernest Henry
IOCG ~15Moz
Au Eq
Grid = Gold in Lag sampling 0 to 634ppb
Copper X 129.55858, -22.77042 (GDA94)
Approx
Footprint of
Ernest Henry
IOCG ~15Moz
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Lake Mackay TAUPO PROSPECT
4.25km x 1.23km anomaly Rock chips up to 1.2g/t Au RAB, AirCore and Vacuum Drilling with up to 0.29g/t Au Max hole depth = 117m Average hole depth = 72m BEDROCK UNTESTED
Black dots = Drill hole locations (refer Appendix 2) Stars = Rock-chip sample locations Circles = Lag surface geochemistry sample locations
Approx Footprint of Ernest Henry IOCG ~15Moz Au Eq
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Grid = Copper in Lag sampling 0 to 246ppm
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In 2010 we will In 2010 we will Have built a world-class Enter into capacity exploration team. building programs with the CLC Test 20 targets
In 2010 we will
Drill 3 to 4 diamond / RC holes into bed rock per target Up to 20,000 metres
New geophysical programs and surface work to build 2011 targets Budget of $4M to $5M
In 2010 we will
Advance ELAs to EL status Conduct regional based project generation
Move to acquiring more projects to ensure we remain the Number 1 company with the best leverage in the Final Frontier of Mineral Discovery
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2011 Goal of Discovery becoming reality? Q4 2010 Next round exploration Target 16 Q3 2010 Target 17 Next round Target 18 exploration Target 19 Q2 2010 10 targets tested Target 20 First exploration results Target 6 Target 1 Target 7 Q1 2010 Target 2 Target 8 Exploration Summaries 6- Target 3 Target 9 20 Target 4 Target 10 Q4 09 Commencement of field work Target 5 Target 11 Closing Tanami Deal Target 12 Exploration Project Summaries 1-5 Target 13 Target 14 Target 15
Proposed News Flow
ABM to maintain solid news flow from deal close to discovery
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ABM Resources The Company Please join me
has: Is well positioned in thanking:
Restructured Has all the keys to unlock The outgoing Board
the potential of Australia’s
Incorporated a new board Final Frontier Tanami Gold NL
Sourced a major project Central Land Council
Is ready to hit the ground
Developed new partners running in 2010 Blackwood Capital
And gained the support of Ochre Holdings
significant long term
All of our shareholders
backers
and stakeholders
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For further information: Please call
Darren Holden or Jutta Zimmermann +61 8 94239777 [email protected]
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Appendix 1. Capital Structure
| Shares | Options | Total FD | M. Cap | M. Cap FD | |
|---|---|---|---|---|---|
| ($0.035) | ($0.035) | ||||
| Current Shares O/S (23/11/09) | 755.1M | 46.6M | 801.7 | $26.4M | $28.1M |
| Post Tanami Transaction (inc. T2) | 1.228B | 631.6M | 1.86B | $43.0M | $65.1M |
| Post Ochre Exercise T1-T3 | 1.49B | 616.6M | 2.1B | $52.3M | $73.8M |
| CASH (POST TRANCHE 2) | $5M | ||||
| CASH (when all options exercised) | $15M+ | ||||
| Large Shareholders | Current | Post Tanami Transaction (FD) | |||
| (Assumes all options exercised) | |||||
| Firebird Global Master Fund | 8.31 | 2.97 | |||
| Jemaya | 8.74 | 3.13 | |||
| Timothy King and Cont. Ent. | 5.76 | 2.06 | |||
| N. Featherby and Mancora | 2.86 | 1.02 | |||
| Ochre Holdings | - | 26.78 | |||
| Tanami Gold | - | 26.78 |
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Appendix 2. Significant Intercepts – Tekapo Project
| Hole Name | Hole Type | Depth(m) | Date Drilled | Easting | Northing | Grid | From(m) | To(m) | Interval(m) | Gold Grade(g/t/ppm) | GramMetre |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Intercept Calculated using minimum cut-off of 0.5g/t gold, 1m minimum width and maximum 5m internal dilution | |||||||||||
| LMA0124 | Aircore | 85 | 20060806 | 616937 | 7537877 | MGA94_52 | 22 | 24 | 2 | 2.01 | 4.02 |
| LMA0133 | Aircore | 71 | 20060806 | 616837 | 7538115 | MGA94_52 | 29 | 52 | 23 | 2.5 | 57.56 |
| TKA0001 | Aircore | 109 | 20061027 | 616819 | 7538121 | MGA94_52 | 52 | 53 | 1 | 0.51 | 0.51 |
| TKA0002 | Aircore | 112 | 20061027 | 616785 | 7538120 | MGA94_52 | 46 | 47 | 1 | 0.74 | 0.74 |
| TKA0007 | Aircore | 94 | 20061028 | 616860 | 7538123 | MGA94_52 | 14 | 17 | 3 | 7.27 | 21.81 |
| TKA0023 | Aircore | 112 | 20061031 | 616876 | 7537803 | MGA94_52 | 86 | 87 | 1 | 0.55 | 0.55 |
| Intercept Calculated using minimum cut-off of 0.1g/t gold, 1m minimum width and maximum 5m internal dilution | |||||||||||
| LMA0124 | Aircore | 85 | 20060806 | 616937 | 7537877 | MGA94_52 | 8 | 24 | 16 | 0.67 | 10.74 |
| LMA0125 | Aircore | 90 | 20060806 | 616963 | 7537800 | MGA94_52 | 21 | 24 | 3 | 0.3 | 0.89 |
| LMA0131 | Aircore | 70 | 20060806 | 616894 | 7537963 | MGA94_52 | 24 | 28 | 4 | 0.34 | 1.37 |
| LMA0132 | Aircore | 70 | 20060806 | 616844 | 7538036 | MGA94_52 | 40 | 42 | 2 | 0.14 | 0.28 |
| LMA0133 | Aircore | 71 | 20060806 | 616837 | 7538115 | MGA94_52 | 27 | 52 | 25 | 2.32 | 57.88 |
| TKA0001 | Aircore | 109 | 20061027 | 616819 | 7538121 | MGA94_52 | 32 | 44 | 12 | 0.36 | 4.29 |
| TKA0002 | Aircore | 112 | 20061027 | 616785 | 7538120 | MGA94_52 | 46 | 50 | 4 | 0.26 | 1.02 |
| TKA0007 | Aircore | 94 | 20061028 | 616860 | 7538123 | MGA94_52 | 12 | 19 | 7 | 3.21 | 22.48 |
| TKA0017 | Aircore | 78 | 20061030 | 616901 | 7537878 | MGA94_52 | 41 | 42 | 1 | 0.15 | 0.15 |
| TKA0022 | Aircore | 99 | 20061030 | 616916 | 7537806 | MGA94_52 | 47 | 50 | 3 | 0.18 | 0.53 |
| TKA0023 | Aircore | 112 | 20061031 | 616876 | 7537803 | MGA94_52 | 86 | 93 | 7 | 0.22 | 1.55 |
40 holes were drilled over the central area at Tekapo covering approximately 800m by 1000m. Holes were spaced approximately 50m along E-W lines with lines approximately 100m apart. Only holes with significant intercepts above selected cut-offs are reported here and all hole locations are shown on slide 27. All assays were completed on approximately 1m composite samples of Aircore chips with either fire assay or aqua regia for gold. There has been no diamond drilling into bedrock at Tekapo.
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Appendix 3. Significant Intercepts Sabre Prospect
Date
Hole Name Hole Type Depth (m) Drilled Easting Northing Grid From(m) To(m) Interval(m) Gold Grade (g/t /ppm) GramMetre
Intercept Calculated using minimum cut-off of 0.5g/t gold, 1m minimum width and maximum 5m internal dilution
RD1 DD 119.7 19950329 -22.1489 132.722 LL_GDA94 6.5 21.5 15 1.09 16.34
RD1 DD 119.7 19950329 -22.1489 132.722 LL_GDA94 33.5 36.5 3 0.83 2.48
RD1 DD 119.7 19950329 -22.1489 132.722 LL_GDA94 101.8 102.8 1 0.85 0.85
RD2 DD 110.9 19950331 -22.1483 132.722 LL_GDA94 36.5 60.5 24 2.59 62.2
RDD024 DD 156.8 19950821 -22.1482 132.721 LL_GDA94 0 3 3 0.61 1.83
RDD024 DD 156.8 19950821 -22.1482 132.721 LL_GDA94 39 42 3 0.61 1.83
RDD024 DD 156.8 19950821 -22.1482 132.721 LL_GDA94 119 141 22 1.1 24.1
RDD025 DD 117 19950827 -22.1459 132.72 LL_GDA94 97.1 112.8 15.7 0.97 15.28
RDD026 DD 132 19950831 -22.1485 132.721 LL_GDA94 0 3 3 0.6 1.8
RDD026 DD 132 19950831 -22.1485 132.721 LL_GDA94 103 105.9 2.9 0.48 1.4
RDD026 DD 132 19950831 -22.1485 132.721 LL_GDA94 126 127.1 1.1 1.77 1.95
RRAB2036 RAB 58 19980208 -22.1483 132.722 LL_GDA94 55 57 2 0.86 1.72
RRAB2037 RAB 35 19980209 -22.1484 132.722 LL_GDA94 26 33 7 1 7.01
RRAB2039 RAB 55 19980209 -22.1492 132.721 LL_GDA94 40 41 1 5.4 5.4
RRAB2040 RAB 55 19980209 -22.1494 132.721 LL_GDA94 29 36 7 0.86 6.03
RRAB2041 RAB 51 19980209 -22.1496 132.721 LL_GDA94 17 18 1 0.68 0.68
RRAB2043 RAB 61 19980210 -22.148 132.722 LL_GDA94 18 51 33 2.27 74.89
RRAB2046 RAB 61 19980210 -22.1475 132.722 LL_GDA94 48 49 1 0.84 0.84
RRAB2047 RAB 61 19980210 -22.1476 132.722 LL_GDA94 35 37 2 0.62 1.24
RRAB2048 RAB 55 19980211 -22.1478 132.722 LL_GDA94 1 16 15 2.07 31.07
RRAB2054 RAB 54 19980212 -22.147 132.721 LL_GDA94 10 13 3 0.84 2.52
RRAB2059 RAB 56 19980213 -22.1464 132.721 LL_GDA94 36 37 1 1.3 1.3
RRAB2060 RAB 67 19980214 -22.1465 132.721 LL_GDA94 0 15 15 1.24 18.57
RRAB2062 RAB 55 19980214 -22.1469 132.721 LL_GDA94 14 15 1 2.55 2.55
RRAB2070 RAB 49 19980216 -22.1453 132.721 LL_GDA94 22 23 1 2.3 2.3
RRAB2071 RAB 55 19980216 -22.1454 132.72 LL_GDA94 35 45 10 1.04 10.39
RRAB2075 RAB 55 19980216 -22.1451 132.72 LL_GDA94 38 39 1 1.85 1.85
RRAB2084 RAB 61 19980221 -22.1481 132.722 LL_GDA94 0 3 3 1.28 3.83
RRAB2085 RAB 55 19980221 -22.1483 132.722 LL_GDA94 16 26 10 1.09 10.92
RRAB2086 RAB 61 19980221 -22.1484 132.722 LL_GDA94 0 2 2 0.67 1.34
RRAB2231 RAB 30 19990430 -22.1467 132.715 LL_GDA94 20 24 4 0.54 2.16
RRC0001 RC 73 19950326 -22.1487 132.722 LL_GDA94 6 10 4 0.45 1.82
RRC0005 RC 48 19950403 -22.1478 132.722 LL_GDA94 30 32 2 0.9 1.8
RRC0012 RC 60 19950406 -22.1478 132.721 LL_GDA94 31 37 6 0.82 4.9
RRC0021 RC 56 19950410 -22.1457 132.72 LL_GDA94 31 42 11 1.03 11.3
RRC0022 RC 60 19950411 -22.1486 132.722 LL_GDA94 35 51 16 0.76 12.2
RRC0023 RC 84.4 19950818 -22.1486 132.721 LL_GDA94 21 36 15 0.82 12.33
RRN0003 SLRC 55 20051109 -22.1493 132.721 LL_GDA94 37 38 1 0.53 0.53
RRN0007 SLRC 55 20051110 -22.1499 132.718 LL_GDA94 22 23 1 1.16 1.16
RRN0010 SLRC 55 20051110 -22.1494 132.718 LL_GDA94 35 36 1 1.03 1.03 34
Over 80 holes were drilled over the central area at Sabre covering approximately 600m by 800m. Only holes with significant intercepts above selected cut-offs
are reported here. All holes are shown on Slide 25. All assays were completed on approximately 1m composite samples of Aircore chips, Rotary Air Blast (RAB),
Reverse Circulation (RC) or Diamond Drilling (DD) with either fire assay or aqua regia for gold.
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Technical Statement / Competent Persons Statement Information in this document that relates to Exploration Results is based on information compiled by Mr Darren Holden who is a Member of The Australasian Institute of Mining and Metallurgy and is based on the Independent Geologist’s Report dated September 7[th] , 2009 compiled by Dr Christopher Stephens of CJ Stephens Consulting on behalf of Stantons International Securities and ABM Resources NL as well as databases and compilations supplied by Tanami Gold NL. Mr Holden has sufficient experience which is relevant to the style of mineralization and type of 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 Exploration Results, Mineral Resources and Ore Reserves”. Mr Holden consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.
All surface samples and drill results reported are to be considered historic and compiled with exploration industry best practice for storage and security of data. However, in many cases samples are not available for reassay checking.
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Unlocking the Potential of Australia’s Final Frontier
AGM Presentation Nov 23, 2009 Investor Presentation Nov-Dec 2009 Darren Holden
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