The Announcements Office Australian Stock Exchange Ltd ... · Australia’s Final Frontier AGM...

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1 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 Jutta Zimmermann Company Secretary For personal use only

Transcript of The Announcements Office Australian Stock Exchange Ltd ... · Australia’s Final Frontier AGM...

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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

Jutta Zimmermann Company Secretary F

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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”). Itshould not be considered as an offer or invitation to subscribe for or purchase any securitiesin the Company or as an inducement to make an offer or invitation with respect to thosesecurities. No agreement to subscribe for securities in the Company will be entered into onthe basis of this presentation.

This presentation contains forecasts and forward looking information. Such forecasts andinformation are not a guarantee of future performance, involve unknown risks anduncertainties. Actual results and developments will almost certainly differ materially fromthose expressed or implied. ABM has not audited or investigated the accuracy orcompleteness of the information, statements and opinions contained in this presentation.Accordingly, to the maximum extent permitted by applicable laws, ABM makes norepresentation 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, statementor opinion contained in this presentation.

You should not act or refrain from acting in reliance on this presentation material. Thisoverview of ABM does not purport to be all inclusive or contain all information which itsrecipients 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 satisfyyourself as to the accuracy and completeness of the information, statements and opinionscontained in this presentation and making any investment decision.

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Our Business

Model is SimpleDiscover 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 TeamNewly incorporated board

Innovative executive

Management

Proven track record of

Discovery

Investment Bankers /

Advisors with long-term

view

Key ProjectThe most under explored

gold belt in Australia

>20 targets ready for

drilling

2.3M hectares of

Exploration Licenses and

Applications

Key StrategyTo aggressively explore

and discover new gold and

gold-copper deposits in

the highly prospective

Tanami – Arunta Region

To be Australia’s pre-

eminent discovery

company

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ABM ResourcesThe 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 NLThe Miners

Sharing of logistics and

data

Domain experience and

knowledge

Community liaison

knowledge

CLCKey Stakeholders

Liaison with Traditional

Owners

Exploration permitting

Suppliers of services,

personnel

Building capacity in local

communities

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Chairman

Mike EtheridgeExperienced Corporate

Director

Leader in mineral deposit

discovery, probabilistic

targeting, exploration

valuation

Adjunct Professor at

Macquarie University

Director of Lihir Gold

Director

Nick ArchibaldOne of Australia’s leading

structural geologists

Noted mineral

explorationist

Technology visionary

Winner of the GoldCorp

Challenge resulting in

>6Moz discovery

Director

Imants KinsMacro economist

Former ABM Resources

Executive Chairman

Leader in corporate

governance and

administration

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Managing Director

Darren HoldenFormer 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

ZimmermannAccountant

Business Information

Technology

Company Administration

expert

Strong management and

organisational skills

Advisors / IB

Blackwood

CapitalInvestment 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 FRONTIER9

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Tanami – Arunta

ProvincesAustralia’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

200km

Callie Mine +5Moz*

Lake MackayProject

East Arunta Project

North Arunta Project

Tanami NT Project

Alice Springs

*Source = www.intierra.com

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Mine ABM tenement (EL / ELAs)

WA NT

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Tanami – Arunta

ProvincesPart 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

The 1800-1900Ma Gold Event

Birimian

Guyana Shield

Tanami-Arunta

30Moz

20Moz

10Moz

Source www.intierra.com

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Callie Mine – A

Proxy and PrizeNewmont 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

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RegolithMost of previous work focused

on AirCore and Vacuum Drilling

near surface

Very few holes into fresh-rock

ABM to drill deeper holes

Depletion

Surface Enrichment2 to 50ppb (up to several g/t in oxide deposits)

Target Zone>5Moz @ >6g/t

Saprolite

Fresh Rock

~100m to 200m

Regolith

Conceptual Cross-Section

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RegolithIn 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

Stripped Profile or

Transported Cover and

sand dunes

Target Zone>5Moz @ >6g/t

Saprolite

Fresh Rock

~100m to 200m

Regolith

Conceptual Cross-Section

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Tanami – Arunta

Provinces

Previous

ExplorationProject Areas with Surface

Geochem (Red)

Mine

100km

Lake MackayProject

North Arunta Project

Tanami NT Project

Project areas with geochem coverage

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Tanami – Arunta

Provinces

Previous

ExplorationProject Areas with drilling

Mine

100km

Lake MackayProject

North Arunta Project

Tanami NT Project

Drill holes (13276 holes)

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Tanami – Arunta

Provinces

Previous

ExplorationProject areas with drilling

>25m

Mine

100km

Lake MackayProject

North Arunta Project

Tanami NT Project

Drill holes deeper than 25m (1768 holes)

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Tanami – Arunta

Provinces

Previous

ExplorationProject areas with drilling

>100m

Mine

100km

Lake MackayProject

North Arunta Project

Tanami NT Project

Drill holes deeper than 100m (84 Holes)

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Tanami – Arunta

Provinces

Previous

ExplorationProject Areas with drilling

>200m

Conclusion – No

Systematic Testing of

Bedrock

Mine

100km

Lake MackayProject

North Arunta Project

Tanami NT Project

Drill holes deeper than 200m testing bedrock (3 Holes)

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Tanami NT5180 sq km of ELs and ELAs

1500 sq km of the Trans Tanami

Shear

12 individual prospects

Region with an endowment of

>10Moz (so far)

100km

Birrindudu

Supplejack Shear

Lake Talbot

Mallie

Calypso

Old Soldier

Prospect

Mine

Underlying image- Aeromagnetics

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Tanami NT –

MALLIE ProspectDead Bullock Soak Formation

Discordant magnetic body with

demagnetized or reversely

magnetized bodies

Deep alluvial channel

1 hole to 176m by NFM

NOT SYSTEMATICALLY TESTED

25km

Callie Mine

Mallie Prospect

Prospect

Mine

Underlying image- Aeromagnetics

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Tanami NT –

OLD SOLDIER

Prospect1.8km by 2.8km

Max Hole Depth = 93m

Average Hole Depth = 35m

Best assay 400ppb Au

BEDROCK UNTESTED

Callie Mine

Mallie Prospect

>1,000 ppb Au

200 – 1000ppb Au

20 – 200ppb Au

10 – 20ppb Au

2 – 10ppb Au

Callie

Footprint

>5Moz Au

Extent of anomaly > 10ppb Au

Underlying image- Aeromagnetics

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Points = Maximum assay for gold in shallow AirCore Drilling.

All holes shown.

Max Assay Down Hole

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North Arunta

Project6887 sq km of ELs and ELAs

ELAs spanning the Trans Tanami

structure

Reynolds Range – broadly

anomalous gold over 80km

strike length

100km

Northern ELAs –spanning Trans-

Tanami Structure

Reynolds Range ELs – 10 Prospects

Underlying image- NTGS Interpreted Geology

Red and Pinks – Intrusive rocksGreys and browns – Sedimentary rocks

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North Arunta /

Reynolds Range10 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.

>1,000 ppb Au

200 – 1000ppb Au

20 – 200ppb Au

10 – 20ppb Au

2 – 10ppb Au

Prospect

Sabre

Underlying image- NTGS Interpreted Geology

Red and Pinks – Intrusive rocksGreys and browns – Sedimentary rocks 24

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N. Arunta /

Reynolds Range

SABRE PROSPECT900m x 500m

Best Intercept 33m @ 2.27g/t

Au

Max hole depth = 156m

Average Hole Depth = 37m

BEDROCK UNTESTED

>1,000 ppb Au

200 – 1000ppb Au

20 – 200ppb Au

10 – 20ppb Au

2 – 10ppb Au

700m

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.

Extent of anomaly > 20ppb Au

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Lake Mackay

Project8443 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

DodgerWhakatipu

Tekapo

Manapouri

Ohau

Taupo

50km

Underlying image- NTGS Interpreted Geology

Red and Pinks – Intrusive RocksGreys and browns – Sedimentary rocks 26

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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

Grid = Gold in Lag sampling 0 to 3200ppb Grid = Copper in Lag sampling 0 to 4045ppm

Co in Lag sampling 0 to 243ppm Mo in Lag sampling 0 to 17ppm Bi in Lag sampling 0 to 47ppm

Gold Copper

Cobalt Molybdenum Bismuth

Approx

Footprint of

Ernest Henry

IOCG ~15Moz Au Eq

X 130.13192, -22.26979 (GDA94)

Rock Chip samples (ppmAu) Lag Geochemistry Samples (ppb Au)

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Black dots = Drill hole locations (refer Appendix 2)

Stars = Rock-chip sample locations Circles = Lag surface geochemistry sample locations

X 130.13192, -22.26979 (GDA94)

Approx

Footprint of

Ernest Henry

IOCG ~15Moz Au Eq

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Lake Mackay

TAUPO PROSPECT4.25km 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

Gold

Copper

Grid = Gold in Lag sampling 0 to 634ppb

Grid = Copper in Lag sampling 0 to 246ppm

Approx

Footprint of

Ernest Henry

IOCG ~15Moz Au Eq

Approx

Footprint of

Ernest Henry

IOCG ~15Moz Au Eq

Black dots = Drill hole locations (refer Appendix 2)

Stars = Rock-chip sample locations Circles = Lag surface geochemistry sample locations

Rock Chip samples (ppmAu) Lag Geochemistry Samples (ppb Au)

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X 129.55858, -22.77042 (GDA94)

X 129.55858, -22.77042 (GDA94)

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In 2010 we willHave built a world-class

exploration team.

Test 20 targets

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 willEnter into capacity

building programs with

the CLC

In 2010 we willAdvance 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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Proposed News Flow

ABM to maintain solid news flow from deal close to discovery

Q3 2010

Next round

exploration

10 targets tested

Target 6

Target 7

Target 8

Target 9

Target 10

Target 11

Target 12

Target 13

Target 14

Target 15

Q4 09

Closing Tanami Deal

Exploration Project

Summaries 1-5

Q1 2010

Exploration Summaries 6-

20

Commencement of field

work

Q2 2010

First exploration results

Target 1

Target 2

Target 3

Target 4

Target 5

Q4 2010

Next round exploration

Target 16

Target 17

Target 18

Target 19

Target 20

2011

Goal of Discovery

becoming reality?

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ABM Resources

has:

Restructured

Incorporated a new board

Sourced a major project

Developed new partners

And gained the support of

significant long term

backers

The CompanyIs well positioned

Has all the keys to unlock

the potential of Australia’s

Final Frontier

Is ready to hit the ground

running in 2010

Please join me

in thanking:The outgoing Board

Tanami Gold NL

Central Land Council

Blackwood Capital

Ochre Holdings

All of our shareholders

and stakeholders

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

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

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

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 StatementInformation 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 7th, 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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