CORPORATE OVERVIEW AGM 2011 MANAGING DIRECTOR TREVOR WOOLFE. AGM 2011 Presentation 7

Transcription

1 CORPORATE OVERVIEW AGM 2011 MANAGING DIRECTOR TREVOR WOOLFE 7

2 Disclaimer Certain statements in this Presentation may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Serena Resources Limited the Company, or the industry in which it operates, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this Presentation, such statements use words such as may, will, expect, believe, plan and other similar terminology. These statements reflect management s current expectations regarding future events and operating performance and speak only as of the date of this Presentation. These forward-looking statements involve a number of risks and uncertainties, including those related to: (i) the Company s limited operating history; (ii) the nature of the Company s business being highly speculative; (iii) substantial additional expenditures being required to establish either resources or reserves on mineral properties; (iv) barriers to commercial production; (vi) requirements for additional capital; (vii) fluctuations in commodity prices and exchange rates; (viii) dependence on key officers, consultants and employees; (ix) potential defects in title to the Company s properties; (x) maintaining the Company s interests in its properties; (xi) external market factors; (xii) governmental and regulatory requirements; (xiii) environmental regulations; (xiv) conflicts of interest; (xv) uninsured risks; (xvi) competition to acquire additional properties; (xvii) lack of dividends; and (xviii) the absence of a public market for the Common Shares. New risk factors may arise from time to time and it is not possible for management of the Company to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance or achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Although the forward-looking statements contained in this Presentation are based upon what management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this Presentation, and the Company assumes no obligations to update or revise them to reflect new events or circumstances Competent Person s Statement The information in this presentation relating to Exploration Results is based on information compiled by Trevor Woolfe BSc(Hons), MAusIMM. Mr Woolfe is Managing Director of Serena Resources Limited. Mr Woolfe has sufficient experience relevant to the assessment of this style of mineralisation to qualify as a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves The JORC Code. Mr Woolfe consents to the inclusion of the information in the report in the form and context in which it appears. 8

3 INVESTMENT HIGHLIGHTS Serena Resources Limited Focussed on developing copper opportunities in Chile Board now has broader technical and commercial strength Two project opportunities providing: An advanced stage copper resource (Madrugador) A large scale copper-gold exploration district (Trebolar) Highly experienced geological consultants involved in numerous world class copper discoveries Objective: ASX listing within 12 months 9

4 CORPORATE SNAPSHOT SERENA RESOURCES LIMITED Incorporated: December 2009 Based: Sydney Status: Unlisted Shares issued: 120,225,000 Top 20: 80.67% Top 5: 51.95% Iron Ore Trading 30.29% Parkridge Capital Inc. 8.52% Main Beach Developments 5.65% VP1 Pty Ltd 4.16% Dual Crown Pty Ltd 3.32% Data correct as at 26 October

5 HIGHLY EXPERIENCED CHAIRMAN & MD Mark Bouris - Chairman Highly experienced and successful Australian businessman and financier Founded Wizard Home Loans. Wizard was one of Australia s largest non-bank lenders Founder and Chairman of Yellow Brick Road, a financial advisory firm Chairman of ASX listed company TZ Limited Trevor Woolfe Managing Director BSc (Hons) in Geology, Grad Cert App Fin, GAICD, MAusIMM 20 years in the resource sector in Australia, South America and the Pacific with companies including CRA, Metana Minerals, Great Central Mines, Newcrest and Placer Dome Includes four years based in Santiago, Chile with Placer, hence fluent in Spanish and Portuguese Past 4 years as MD of ASX listed Anchor Res. from IPO, to 2011 takeover by a Chinese mining entity Clive McKerr (Executive Director) Founding director, project development, project management and capital raising expertise Michael Gibbons (Non-exec Director) Founding director, corporate accounting, corporate governance and business advisory expert Li Hai Jun (Non-exec Director) Successful Chinese based businessman with strong connections within the Asian market Kenneth Ting (Non-exec Director) Successful international M & A and corporate financier Alex Moody (Co. Secretary) Company secretary to various listed and unlisted resources companies 11

6 STRATEGY Focus on Copper in Chile Chile accounted for over one-third of world copper mine production in 2009 Chile offers a stable political and economic environment, with a strong mining culture Serena was formed to acquire the under-explored TREBOLAR COPPER PROJECT, NE of La Serena Serena is now looking to formalise an 80% interest in an option over the MADRUGADOR COPPER PROJECT, in a rich copper belt near the city of Antofagasta. This portfolio will provide a strong platform towards copper resource development 12

7 NORTHERN CHILE A GOOD ADDRESS Madrugador Copper Project Advanced stage exploration project in the Antofagasta Copper Belt of Northern Chile Independent Report (NI compliant) confirms total resource inventory to date of 0.64% Cu, 90% within Measured + Indicated categories Trebolar Copper Project Over 60 exploration concessions covering ~200km² only 40km from the Pan-American Highway northeast of La Serena Drilling by Serena has identified two early Cu discoveries Encouraging surface exploration results indicate further potential targets for the district 13

8 OWNERSHIP STRUCTURE Alignment Of Purpose Serena is finalising rights to 80%* of the Madrugador Copper Project (* via an option agreement) Serena owns 75% of Minera La Serena (MLS), the Chilean company which will own all of the mining concessions within the Trebolar Copper Project The remaining 25% of MLS is held privately by Jose Izquierdo and Jacob Rebek (key consultants to Serena) ensuring alignment of purpose JACOB REBEK AND JOSE IZQUIERDO 80%* 75% 25% MINERA LA SERENA 100% MADRUGADOR COPPER PROJECT TREBOLAR COOPER PROJECT 14

9 MADRUGADOR COPPER PROJECT 15

10 MADRUGADOR - LOCATION Antofagasta - Excellent Infrastructure and Logistics Located ~70km northeast of Antofagasta, accessed by vehicle in 1.5 hours Antofagasta offers port and rail facilities and a full range of mining services Water can be supplied from the nearby Calama-Antofagasta pipeline Roads are well kept, electricity is very close 16

11 MADRUGADOR - LOCATION Excellent Copper Potential Active coastal belt copper mines within a 100km radius - Mantos Blancos (AngloAmerican) 140Mt at 0.61% copper - Lomas Bayas (Xstrata) 1500Mt at 0.30% copper - Michilla (Antofagasta plc and others) 56Mt at 1.78% copper Further inland world class mines - Chuquicamata (Codelco) 17,100Mt at 0.65% copper - Escondida (BHP/Rio Tinto & others) 11,544Mt at 0.59% copper Resource figures from company releases 17

12 MADRUGADOR - LOCATION Excellent Exploration Potential 10 concessions (over 800 hectares) Focus has been on the area of existing workings at Madrugador Sur (or South) Other concessions have been virtually untouched by exploration Relatively flat topography and low altitude (1300m) Close proximity to an idled heap leach plant and other nearby toll treating opportunities 18

13 MADRUGADOR - LOCATION Excellent Resource Potential Explored in 3 phases since mid 1990s Latest by Apoquindo Minerals (TSX listed) in Over 45,000m of drilling in total 2 deposits on this concession - Madrugador Norte (North) - Madrugador Sur (South) Open cut and shallow underground workings on both deposits Significant resource outlined, primarily at Madrugador Sur 19

14 MADRUGADOR SUR DEPOSIT DRILL RESULTS Selected drillhole results showing depth continuity of copper mineralisation and regular higher grade zones 20

15 MADRUGADOR COPPER PROJECT RESOURCE ESTIMATE RESOURCE* Tonnage (Mt) Cu grade** (%) Contained Cu metal (kt) Measured and Indicated Inferred TOTAL * NI Compliant as per the Mineral Resources technical Report on the Madrugador Properties, November 2008 ** at a cut off grade of 0.2%Cu Resource estimation based on over 45,000m of RC and diamond drilling carried out by previous explorers. 21

16 MADRUGADOR SUR DEPOSIT RESOURCE MODEL The Madrugador Sur deposit is formed by a series of shallow dipping mineralised bodies. Main styles of mineralisation Irregular Cu mineralised intrusives Veins and mantos Irregular mineralised pockets At the Madrugador Sur deposit the oxide and mixed zones are in the first m. Diagramatic cross section showing drillholes, copper grades (colours) and interpreted mineralisation This deposit is open at depth into the sulphide zone. 22

17 MADRUGADOR SUR DEPOSIT RESOURCE MODEL 3D model of the copper mineralisation with drillhole locations 23

18 MADRUGADOR COPPER PROJECT EXPLORATION POTENTIAL Excellent Exploration Potential Remains Existing deposits are open at depth and in other directions laterally Madrugador Sur deposit located on <5% of the project area Other concessions are significantly under-explored Exploration potential exists on defined but untested anomalies Recommended Work Step out drilling to expand deposit limits Undertake metallurgical assessment Heap leach preliminary testwork Copper and carbonate assays on pulps re suitability for SX-EW process Commence baseline environmental studies Work towards pre-feasibility study Funding required in 2012 Funding will be required in early 2012 to proceed with acquisition and subsequent exploration of this project opportunity Board currently canvassing alternatives and quantum required 24

19 TREBOLAR COPPER PROJECT 25

20 TREBOLAR COPPER PROJECT La Serena A Mining Support Centre Located ~500km north of Santiago and 110km northeast of La Serena La Serena is a regional capital offering a full range of services to support the mining industry Laboratory facilities - including ALS Regional airport with Santiago connections Port facilities at Coquimbo 26

21 Excellent Access TREBOLAR COPPER PROJECT - LOCATION Trebolar location shown in green Only 40km from the Pan American Highway 35km from nearest airstrip Relatively low altitude (2,000m), means lower costs Southern concessions only 10km from Barrick s Pascua- Lama access road 27

22 A Great Address TREBOLAR COPPER PROJECT - LOCATION Andacollo (copper-gold) mine 150km southwest Dos Amigos (copper) operation 40km northwest Pascuala Puquios (copper) deposit ~10km southwest Pascua-Lama (gold-silver) development 50km east 28

23 TREBOLAR COPPER PROJECT - PORTFOLIO Trebolar Project (early 2010) 3 targets 29

24 TREBOLAR COPPER PROJECT - PORTFOLIO Trebolar Project (late 2011) 9 primary & 11 secondary targets Now ~200km 2 of concessions in prospective copper region 30

25 TREBOLAR PRIORITY TARGETS Current Priority Targets Ivone Initial drilling by Serena has resulted in the successful discovery of a new low grade copper deposit, with potential for large volume SIV001 : 200m at 0.11% copper [Mineralised to EOH] SIV002 : 250m at 0.13% copper [Mineralised to EOH] Monica Monica hosts several historic mine workings over a broad area exposing zones of copper oxide mineralisation, supported by encouraging grades in early drill intersections SMN003 : 10m at 0.52% copper (from 168m) SMN004 : 68m at 0.14% copper (from 40m) SMN005 : 18m at 1.00% copper (from 40m) Casita Azul The Casita Azul target hosts historic mine workings displaying abundant secondary copper oxide mineralisation 31

26 TREBOLAR PRIORITY TARGETS Current Priority Targets Copper Trench Copper Trench is a 100m long trench exposing encouraging copper oxide mineralisation below shallow cover material. Channel sample results of >1% copper, silver samples up to 69g/t and gold up to 0.1g/t - including a 10m intersection averaging 0.7% copper Reconnaissance exploration on new potential target areas has returned very positive results for copper, gold, silver, as well as lead and zinc. Catherine returned copper up to 3.78% copper, silver to 45.2g/t, and gold to 0.07g/t. Paty area sampling returned 6 samples with copper above 1% (the highest at 5.44%), and 4 samples above 19g/t silver (highest was 238g/t). Two samples from the Ramadita target returned very significant 0.22g/t gold and 0.79g/t gold results. Pingu target - one solitary sample has been taken so far and it returned very significant values 4.43% copper, 263g/t silver, 0.48g/t gold, 1.0% zinc and >1.0% lead, All of these new targets will be receiving further geological investigation over coming months as we define new targets for drilling in

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28 THANK YOU 34