Here you go:
TriAusMin Ltd. (TSX: TOR; ASX:TRO) $0.14
Dual Listed TSX and Australia
TriAusMin Ltd is focused on the exploration and development of base and precious metal projects within the Lachlan Fold Belt of New South Wales, Australia. TriAusMin is focused on generating positive cash flow from its inventory of Mineral Resources as well as achieving exploration success in the prospective Lachlan Fold Belt of New South Wales, Australia.
triausmin.com
Shares out: 138,514,734
Approximately 45% owned by top 20 shareholders including Tri Origin Exploration: trioriginminerals.com.au
Company presentation: triausmin.com
Very experienced management team and board. triausmin.com
Significant new director who recently bought 6.2 million shares: triausmin.com
This company is being viewed as a base metal company with out recognizing the significant silver and gold resource.
TriAusMin has in excess of 28 million tonnes of Mineral Resources, including Woodlawn Retreatment Project (11.7 Mt), Woodlawn Underground Project (10.1 Mt), and Lewis Ponds Project (6.6 Mt).
Woodlawn Retreatment Project: triausmin.com
• Total Resource converted to an Ore Reserve of 11.2 Mt grading 2.2% zinc, 1.3% lead, 0.5% copper, 0.3g/t gold and 32g/t silver*
• Contained Metal (approximate):
• 580 million lbs zinc
• 340 million lbs lead
• 120 million lbs copper
• 13 million oz silver
• 123,000 oz gold
* JORC and CIM standard compliant – see full technical report dated December 15, 2009
Independent 43-101 Technical Report by Scott Wilson
Roscoe Postle Associates Inc. (December 15, 2009)
• Estimated 7.7 year life at 1.5 Mtpa milling rate
• Average annual payable production of 37 million lbs of zinc, 7 million lbs of copper, 7 million lbs of lead, 2,000 ounces of gold and 371,000 ounces of silver
• Total payable production of 560,000 tonnes of zinc, copper and lead concentrates containing 125,000 tonnes of zinc, 24,000 tonnes of copper, 25,000 tonnes of lead, 18,000 ounces of gold and 2.8 million ounces of silver
• Development capital ~ A$75 million
• Pre-tax NPV at 8% is A$68 million at long term metal prices(1)
• Internal rate of return is 23% after-tax(1)
Notes: 1 – Weighted average Bloomberg Long term Consensus Prices as published on Feb 19, 2010: Gold US$1,113/oz,
Silver US$16.34oz, Zinc US$2,146/tonne, Copper US$5,464/tonne and Lead US$1,711/tonne; AUD:USD Exchange Rate = 0.80
Woodlawn Underground Project: triausmin.com
• Contained metal (approximate):
• 2 billion lbs zinc
• 900 million lbs lead
• 400 million lbs copper
• 30 million oz silver
• 195,000 oz gold
• Approximately 2 MT mineable
• Targeting additional ~ 3 MT extensions or repetitions to resource
Lewis Ponds Project: triausmin.com
-Gold and base metal deposit discovered and partially delineated
-JORC compliant Mineral Resource (completed in 2004) of 6.35 Mt of Indicated Mineral Resources containing 349,000 ounces gold, 16 million ounces silver, 160,000 tonnes zinc & 90,000 tonnes lead
-Deposit open at depth and along strike
-Nearby mineral occurrences & geophysical targets remain to be tested by drilling
All these resources and extensive exploration upside for a market cap of approximately $19 million
Total metals
Approximately
667,000 oz gold
59 million oz silver
520 million lbs copper
2.7 billion lbs zinc
1.3 billion lbs lead |
