Australian Nickel Conference - DGR Global · ASX ANNOUNCEMENT 25 October 2007 Australian Nickel...
Transcript of Australian Nickel Conference - DGR Global · ASX ANNOUNCEMENT 25 October 2007 Australian Nickel...
ASX ANNOUNCEMENT
25 October 2007
Australian Nickel Conference The attached presentation will be made today, at the Australian Nickel Conference, by Ian Levy, Chief Executive Officer of AusNiCo Pty Ltd. On behalf of the Board D P Cornish Company Secretary
A C N 05 2 35 4 83 7
The Business of New Nickel Discovery
Australian Nickel Conference Perth 24 October 2007
Ian Levy, CEO
ASX : DGR
ContactIan Levy CEO AusNiCo 0407 189 122Nick Mather MD D’Aguilar Gold 0417 880 448Duncan Cornish Secretary 07 3303 0680
Stuart Crow Ballyhoo Marketing 0414 449 442 & Communications
www.daguilar.com.auASX : DGR
We make resource companiesDefine project strategy Identify & secure asset in a subsidiaryRaise seed capital – in the subsidiaryProve the model Engage managementIPO and list subsidiary (spin-off)
ASX : DGR
We make resource companies
ASX : DGR
ASX : DGR
Next 6 months liberating value in DGR
• Big projects - +200kms• Hidden value:
New geological models New metallurgy New project economics
• Right Commodity – Nickel• Right “Exploration Environment”
ASX : DGR
Defined Strategy :
Ridleys & Mt Cobalt Identified First
Northern Concealed Greenstone Identified Second
Greenstones ignored since 1970s
OLD GEOLOGY DID NOT FIT
Ridleys at Blacksnake thought to be an “UNUSUAL LATERITE”
Mt Cobalt mine thought to be old Cobalt wad
ASX : DGR
Sample from Mt Mia area
We discovered Ni sulphides in the host serpentinites
Pentlandite
Violarite
Millerite
ASX : DGR
“Hydrothermal Ni veins”at Mt Cobalt?
We found “gossans”(after sulphides)?
Nickeliferous host rocks are “hydrothermally altered”(hot water) more than weathered
Granite = Hot Solutions
Ni SulphideSource Rocks
Nickel Deposits
RIDLEYS: best holes:15m @ 1.7% Ni6m @ 2.1% Ni7m @ 1.6% Niall open at depth
Mt Cobalt - Ridleys may be large systemOxides only – so far
Mt Cobalt >1km long, 200m wide, avg. 115m deep @ 0.5% NiRidleys 1km long anomaly 200m wide and avg. 10 m deep @ 0.7% Ni
Cobalt, gold & other creditsNickel Sulphide zone at depth (EM & magnetic targets)A blueprint for targets at Widgee & Poperima-Mundubbera belt
ASX Code DGR
New Geological Model
Mount Cobalt Cross Section over Magnetic section
Diamond Drillhole COB 11
Surface to 96m depth 0.58% Nickel &0.025% Cobalt
in oxide-clay and hydrothermal veins
ASX : DGR
Mount Cobalt Cross Section over Magnetic section
Oxidised hydrothermal
Sulphide hydrothermal zone at depth?
Oxides overlie sulphides in a Hydrothermal system?
ASX : DGR
Low strip ratios?
AirborneElectromagneticsidentify sulphidetargets at depth
ASX : DGR
Explore and Extend
Drill for high grades & larger mineral system
ASX : DGR
New Nickel Province : Magnetics showed the way
ASX : DGR
New Metallurgy - 75% recovery from oxides
ASX : DGR
Forward Looking StatementWhilst based on information from sources considered reliable, D'Aguilar Gold Ltd, its subsidiaries, including AusNiCo Pty Ltd, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information in this document and presentation is complete or accurate. To the maximum extent permitted by law, D'Aguilar Gold Ltd disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to its notice , which may affect any of the information contained in this document and presentation.
JORC and Competent Person StatementThe information herein that relates to Exploration Results is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd.Mr Mather has more than five years experience which is relevant to the style of mineralisation and type of deposit being reported 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 of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears.