CORPORATE OVERVIEW - Serena Resources Limited ::...

MANAGING DIRECTOR TREVOR WOOLFE

CORPORATE OVERVIEW AGM 2011

AGM 2011 Presentation 7

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

AGM 2011 Presentation

Disclaimer

8

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.

Competent Person’s Statement

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

INVESTMENT HIGHLIGHTS


Serena Resources Limited

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 2011

CORPORATE SNAPSHOT


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

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

HIGHLY EXPERIENCED CHAIRMAN & MD


Mark Bouris - Chairman

Trevor Woolfe – Managing Director

11

Kenneth Ting (Non-exec Director) – Successful international M & A and corporate financier

Li Hai Jun (Non-exec Director) – Successful Chinese based businessman with strong connections within the Asian market

Michael Gibbons (Non-exec Director) – Founding director, corporate accounting, corporate governance and business advisory expert

Clive McKerr (Executive Director) – Founding director, project development, project management and capital raising expertise

Alex Moody (Co. Secretary) – Company secretary to various listed and unlisted resources companies

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

STRATEGY


Focus on Copper in Chile

12

Advanced stage exploration project in the Antofagasta Copper Belt of Northern Chile

Independent Report (NI 43-101 compliant) confirms total resource inventory to date of 13.58Mt @ 0.64% Cu, 90% within Measured + Indicated categories

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

NORTHERN CHILE – A GOOD ADDRESS


Madrugador Copper Project

Trebolar Copper Project

13

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

OWNERSHIP STRUCTURE


Alignment Of Purpose

MADRUGADOR COPPER PROJECT

TREBOLAR COOPER PROJECT

MINERA LA SERENA

JACOB REBEK AND JOSE IZQUIERDO

80%*

75% 25%

100%

14

MADRUGADOR COPPER PROJECT


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

MADRUGADOR - LOCATION


Antofagasta - Excellent Infrastructure and Logistics

16

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



Excellent Copper Potential

17

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



Excellent Exploration Potential

18

Explored in 3 phases since mid 1990s

Latest by Apoquindo Minerals (TSX listed) in 2008-09

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



Excellent Resource Potential

19

MADRUGADOR SUR DEPOSIT – DRILL RESULTS


Selected drillhole results showing depth continuity of copper mineralisation and regular higher grade zones

20

MADRUGADOR COPPER PROJECT – RESOURCE ESTIMATE


Resource estimation based on over 45,000m of RC and diamond drilling carried out by previous explorers.

* NI 43-101 Compliant as per the “Mineral Resources technical Report on the Madrugador Properties, November 2008” ** at a cut off grade of 0.2%Cu

21

RESOURCE* Tonnage

(Mt) Cu grade**

(%) Contained Cu

metal (kt)

Measured and Indicated 12.19 0.68 83

Inferred 1.39 0.58 8

TOTAL 13.58 0.64 91

MADRUGADOR SUR DEPOSIT – RESOURCE MODEL


Diagramatic cross section showing drillholes, copper grades (colours) and interpreted mineralisation

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 150-200m. This deposit is open at depth into the sulphide zone.

MADRUGADOR SUR DEPOSIT – RESOURCE MODEL


3D model of the copper mineralisation with drillhole locations

23

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 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 will be required in early 2012 to proceed with acquisition and

subsequent exploration of this project opportunity Board currently canvassing alternatives and quantum required

MADRUGADOR COPPER PROJECT – EXPLORATION POTENTIAL


Excellent Exploration Potential Remains

Recommended Work

24

Funding required in 2012

TREBOLAR COPPER PROJECT


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

TREBOLAR COPPER PROJECT


La Serena – A Mining Support Centre

26

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

TREBOLAR COPPER PROJECT - LOCATION


Excellent Access

27

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

TREBOLAR COPPER PROJECT - LOCATION


A Great Address

28

TREBOLAR COPPER PROJECT - PORTFOLIO


Trebolar Project (early 2010) – 3 targets

29

TREBOLAR COPPER PROJECT - PORTFOLIO


Trebolar Project (late 2011) – 9 primary & 11 secondary targets

30

Now ~200km2 of concessions in prospective copper region

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

TREBOLAR PRIORITY TARGETS


Current Priority Targets

31

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 2012.

TREBOLAR PRIORITY TARGETS


Current Priority Targets

32

THANK YOU


CORPORATE OVERVIEW - Serena Resources Limited ::...

Documents

Transcript of CORPORATE OVERVIEW - Serena Resources Limited ::...