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CONSOLIDATED BROKEN HILL LTD REVITALISATION OF CENTRAL BROKEN HILL August 2001.

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Presentation on theme: "CONSOLIDATED BROKEN HILL LTD REVITALISATION OF CENTRAL BROKEN HILL August 2001."— Presentation transcript:

1 CONSOLIDATED BROKEN HILL LTD REVITALISATION OF CENTRAL BROKEN HILL August 2001

2 CBH August 2001 Founded in 1989 and listed on ASX in 1992 as Redfire Resources N.L. Name change in 2001 to Consolidated Broken Hill Ltd Current shares on issue ~ 88.5 million Shareholders (approximately) ~ 2,400 Recent share price range 8 - 20 cents Approximate cash position (June accounts 2001) $A1.1M Listed on the Australian Stock Exchange ASX code CBH Top 10 shareholders hold 30.16% of Issued Capital The Company

3 CBH August 2001 Directors and Management Jim Wall – Executive Chairman –Strong mining and management background –Previously Managing Director of base metal producers Savage Resources Ltd & Nicron Resources Ltd Bob Besley – Managing Director –Extensive management and exploration experience. –Founded the company in 1989 Ian Plimer – Director –Specialist on Broken Hill –Professor of Geology, University of Melbourne

4 CBH August 2001 Robert Willcocks – Director –Previously Senior Partner of Mallesons Stephen Jacques. –Resources & commercial specialist Peter Jollie – Director –Former CEO of P&O Containers and an ex President of the Institute of Chartered Accountants in Australia –Member of Trade Policy Advisory Committee to Minister for Trade Mike Fischer – Project Manager –Managed mining operations in Africa, Australia & PNG –Operated Woodcutters Zn-Pb Mine, Australia Directors and Management

5 CBH August 2001 Project Location

6 CBH August 2001 History of Broken Hill Giant class deposit discovered 1883 Giant class deposit discovered 1883 Funded industrialisation of Australia Funded industrialisation of Australia Total zinc-lead-silver ore mined ~ 200Mt with revenue worth $70b in todays terms Total zinc-lead-silver ore mined ~ 200Mt with revenue worth $70b in todays terms CBH holds central 3.8km CBH holds central 3.8km

7 CBH August 2001 00m RL -1000m RL Kintore Pit Delprats Shaft Blackwood Pit Browne & Marsh Shafts North Open Cut Companies built from Broken Hill CML 7 S W N E 2 Kilometres * after Morland & Webster 1998 PASMINCO CRA BROKEN HILL SOUTH NORTHSBHPPASMINCO Main Lode No 7 Shaft

8 CBH August 2001 00m RL -1000m RL Kintore Pit Delprats Shaft Blackwood Pit Browne & Marsh Shafts North Open Cut Companies built from Broken Hill CML 7 S W N E 2 Kilometres * after Morland & Webster 1998 Main Lode * ~34 Million tonnes * ~106 Million tonnes ~ 54 Million tonnes No 7 Shaft

9 CBH August 2001 Iberian Pyrite Belt 35 Mt Zn 13 Mt Pb Irish Central Plain 14 Mt Zn 4 Mt Pb Selwyn Basin 18 Mt Zn 9 Mt Pb Tri-State District 14 Mt Zn 4 Mt Pb Abitibi Subprovince 17 Mt Zn ~1 Mt Pb Aravalit-Delhi Orogenic Belt 16 Mt Zn 5 Mt Pb NW Queensland Mineral Province 45 Mt Zn 24 Mt Pb Broken Hill 24 Mt Zn 20 Mt Pb Base Metal Provinces

10 CBH August 2001 Consolidated Mining Lease 7 (CML7) Historical production : ~ 54Mt @ 6.5% Zn, 12.5% Pb, 280g/t Ag from Main Lode (in white) N Western Mineralisation: 2m-40m wide unmined western lode (in yellow) paralleling main lode

11 CBH August 2001 Resource Base 2.5mt @ 10% Pb+Zn – Western Mineralisation 2.5mt @ 10% Pb+Zn – Western Mineralisation Current >10 yr mining life @ 1mt p.a (>10% Pb+Zn) >10 yr mining life @ 1mt p.a (>10% Pb+Zn) Target Developed from: Western MineralisationZinc lodes Centenary MineralisationEastern lode Remnant main lode

12 CBH August 2001 General Cross Section Main Lode SEA LEVEL 9,800m RL 9,600m RL 9,400m RL 9,200m RL 10,200m RL Globe – Vauxhall Shear WESTERN MINERALISATION CENTENARY MINERALISATION CENTENARY MINERALISATION 500 Metres Current Resource Outline

13 CBH August 2001 Drill holes along drive Resource Outline N

14 CBH August 2001 CBH Western Mineralisation Drilling (May 2001) Hole From (m) Interval (m) Zn%Pb%Agg/t 400129843.14.450 4002297.315.56.14.327 (including). 303.4415.99.550

15 CBH August 2001 Kintore Pit Delprats Shaft Blackwood Pit Browne & Marsh Shafts North Open Cut CML 7 S W N E 00m RL -1000m RL 2 Kilometres Zinc lodes Centenary Mineralisation Lead lodes Zinc and Lead Lodes No 7 Shaft Western Mineralisation

16 CBH August 2001 200 Metres No 4 LEVEL No 8 LEVEL No 12 LEVEL No 16 LEVEL No 20 LEVEL Sea Level RL 10,000m Zinc Lodes C Lode C Lode B Lode B Lode A Lode Upper A Lode Upper A Lode Lower A Lode Lower Lead Lodes ( Main Lode ) 2 Lens 3 Lens Zinc and Lead Lodes, CML8 1 Lens

17 CBH August 2001 Zinc and Lead Lode Extensions N Approximately 1 km

18 CBH August 2001 EOH 270m -300m RL -200m RL -100m RL C lode horizon B lode 100m W00m100m E LZDD5000 LZDD5001 Unmined (Stoped) Zinc Lodes Lead Lodes 100 Metres EOH 216.3m Zinc and Lead Lodes, CML7 Diagramatic Illustration of Drilling Results

19 CBH August 2001 CBH Zinc Lode Programme (April-May 2001) Hole From (m) Interval (m) Zn%Pb%Agg/t B Lode 50011334.323.19.2107 C Lode 5002A73.24.110.71.721 No. 2 Lens 5000249.120.97.51387 Drilling results confirm: Extension of B & C zinc lodes into CML7 Extension of B & C zinc lodes into CML7 Presence of unmined lenses of high-grade main lode Presence of unmined lenses of high-grade main lode

20 CBH August 2001 Exploration Potential N Eastern lode horizon Eastern lode horizon Main lode at depth Main lode at depth Main lode droppers Main lode droppers

21 CBH August 2001

22 1 Kilometre Gneiss Reference Metasediments Amphibolite Shear Zone Lode Zone No 7 Shaft Browne Shaft Delprat Shaft Kintore Pit BHP Pit Blackwood Pit North Open Cut Block 14 Pit

23 CBH August 2001 Proposed Decline 1480 Drive Level Kintore Pit Drive Level 1000 N Proposed Decline

24 CBH August 2001 Decline Access Conceptual, not to scale

25 CBH August 2001 STAGE 1 Stage 1 Development 2-Dimensional Diagramatic Representation STAGE 1

26 CBH August 2001 Kintore Open Pit

27 CBH August 2001 Portal Haul Road HMS Plant Crusher Truck Ramp Concept for Kintore Pit N

28 CBH August 2001 Heavy Medium Separation Head GradeSinkSink Grade Metal Recovery 8% Pb+Zn57.5%13.4% Pb+Zn91% *Metcom Laboratories S.G. of heavy media: 2.96 Sample ¼ NQ core, diamond drill hole 3230 * Preliminary testwork on Western Mineralisation Tennessee – Savage ResourcesTennessee – Savage Resources Woodcutters – Nicron ResourcesWoodcutters – Nicron Resources

29 CBH August 2001 Acquisition & Corporate$ 4.9mAcquisition & Corporate$ 4.9m Infrastructure$ 5.9mInfrastructure$ 5.9m Mine Development$ 6.9mMine Development$ 6.9m Mine Operating$ 4.6mMine Operating$ 4.6m Stage 2 Feasibility $ 2.0mStage 2 Feasibility $ 2.0m Subtotal$ 24.3m Stage 1 Revenue$ 5.6mStage 1 Revenue$ 5.6m Total$ 18.7m Estimated Project Costs – Stage 1

30 CBH August 2001 CML7 Development Plan Stage 1 >Kintore decline to upper part of Western Mineralisation - Initial stope trial of 120,000t >Infill drilling of Western Mineralisation, zinc lodes and remnant lead lodes Stage 2>Development for sustained 500,000 tpa production from Western Mineralisation - metal output of 23,000t zinc, 17,000t lead and 560,000oz silver >Continued infill drilling of resource targets Stage 3 > Expansion into lodes in southern and northern areas of CML7 via declines from Kintore and Blackwoods pits respectively >Resource upgrade to support expansion to 1 million t.p.a.

31 CBH August 2001 Expected Project Schedule Data Analysis, Drilling Feb 01 - June 01 Data Analysis, Drilling Feb 01 - June 01 Initial Mining Approval, Equity FundingMay 01 - Sept 01 Initial Mining Approval, Equity FundingMay 01 - Sept 01 Decline Development Dec 01 - Jun 02 Decline Development Dec 01 - Jun 02 Stage 1 Production (120,000t) Jun 02 - Dec 02 Stage 1 Production (120,000t) Jun 02 - Dec 02 Project Expansion Feasibility & FundingJul 02 - Sept 02 Project Expansion Feasibility & FundingJul 02 - Sept 02 Stage 2 Expansion (500,000tpa)Feb 03 - Oct 03 Stage 2 Expansion (500,000tpa)Feb 03 - Oct 03

32 CBH August 2001 5 Kilometres City of Broken Hill CML7 Pasminco tenements Pospect Operating mill Reference Broken Hill orebody Broken Hill Tenure

33 CBH August 2001 Pasminco Reserves / Resources

34 CBH August 2001 Reserves by Metal Content

35 CBH August 2001 Zinc & Lead Prices 12 Month Trend

36 CBH August 2001 Revisiting major orebody Revisiting major orebody Existing drilled resource Existing drilled resource Established infrastructure Established infrastructure Continuous mining lease Continuous mining lease No land title issues likely No land title issues likely Low capital entry to production Low capital entry to production Early cash flow projected Early cash flow projected Summary - CML7

37 CBH August 2001 Expected Timetable Marketing June - August Marketing June - August Prospectus issuedSeptember Prospectus issuedSeptember AIM listingOctober AIM listingOctober

38 CBH August 2001 CML7 Panorama


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