A BIG ONE IN THE MAKING February 2014 01 Important Notice These - - PowerPoint PPT Presentation

A BIG ONE IN THE MAKING

February 2014

Important Notice

These presentation materials (the “Presentation Materials”) are being distributed in the UK only to persons having professional experience in matters relating to investments and who are investment professionals as specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”), or high net worth companies, unincorporated associations etc. as specified in Article 49(2) of the Financial Promotion Order, and in each case who are qualified investors within the meaning of section 86(1)(a) of the Financial Services and Markets Act 2000, or to other persons who may lawfully receive the Presentation Materials. Any investment to which this document relates is available to (and any investment activity to which it relates will be engaged with) only those persons described above. Persons who do not fall within this category of investor should not take any action upon this document, but should return it immediately to All Star Minerals plc, Richmond House, Broad Street, Ely, Cambs, CB7 4AH. It is a condition of your receiving this document that you fall within, and you warrant to All Star Minerals plc (or “the Company”) that you fall within, the category of person described above. The Presentation Materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in the Company nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connection with, any contract with the Company relating to any securities. The Presentation Materials are not intended to be distributed or passed on, directly or indirectly, or to any other class of persons. They are being supplied to you solely for your information and may not be reproduced, forwarded to any other person or published, in whole or in part, for any other purpose. The Presentation Materials do not purport to contain all information that a prospective investor may require and are subject to updating, revision and amendment. In furnishing the Presentation Materials, the Company does not undertake or agree to any

• bligation to provide access to any additional information or to update such Presentation Materials or to correct any inaccuracies in, or
• missions from, the Presentation Materials which may become apparent. The information and opinions contained in the Presentation Materials

are provided as at the date of the presentation and are subject to change without notice. No reliance may be placed for any purpose whatsoever on the information contained in this document or its incompleteness. Any reliance on this communication could potentially expose you to a significant risk of losing all of the property invested by you or the incurring by you of additional liability. No representation or warranty, express or implied, is given by the Company, its Directors or employees, or their professional advisers as to the accuracy, fairness, sufficiency or completeness of the information, opinions or beliefs. The Presentation Materials have been prepared by and are the sole responsibility of the Directors and the Company. If you are in any doubt about the investment to which these Presentation Materials relate, you should consult a person authorised by the Financial Services Authority who specialises in advising on securities of the kind described in this document. The Presentation Materials are confidential and are being supplied to you for your own information. They may not (directly or indirectly) be reproduced, further distributed to any person or published, in whole or in part for any purpose whatsoever. Neither this document, nor any copy

• f it, may be taken or transmitted into the United States, Canada, Australia, Ireland, South Africa or Japan or into any jurisdiction where it would

be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws.

01

Overview & Strategy

02

• All Star has a portfolio of two projects in Queensland, Australia, covering 1,226

square kilometres, prospective for copper, phosphate, and uranium.

• It owns 53% of Blue Doe Gold Plc, a company with three projects in Queensland,

prospective for gold, silver, and copper.

• All Star’s strategy is to have a number of producing mines in Queensland, to

enable it to strengthen its balance sheet year-on-year and asset portfolio.

• All Star’s near-term goal is envisaged to commence production at The Big One, a

copper deposit in North-Western Queensland, in the vicinity of a number of producing base metal mines (e.g. Glencore’s Mount Isa Mines, CST Group’s Lady Annie Copper Mine

• Additionally the Company is in discussions with owners of additional high grade

copper deposits in the Mount Isa region with a view to further acquisitions and bringing additional mines into production over the next 3-12 months.

The Big One - Location

03

• The Big One - copper deposit in North-Western Queensland

covering 320 acres.

• Located in an abundant region for base metal mineralization,

being c.100km’s North-West of Glencore’s Mount Isa Mines and c.20kms South-East of CST Group’s Lady Annie Copper Mine, as well as numerous other base mines and deposits.

Copper Mines & Deposits In Mount Isa Region

04

• Australia's main copper mining centres are in

the Mount Isa/Cloncurry region of Queensland and at Olympic Dam in South Australia.

• Notable mines and deposits in the vicinity of

The Big One include:

• Mount Isa Mines - Past production and reserves

indicate a total resource of around 225 Mt @ 3.3% Cu.

• Ernest Henry - The total reserve + resource prior

to the commencement of mining in 1998 was 166 Mt @ 1.1% Cu, and 0.54 g/t Au.

• Lady Annie - A total known resource of 65.2 Mt

@ 0.71% Cu

• Rockland

Copper Project

• 30.94

Mt

• f

measured and indicated resources @ 1.24% Cu (August 2010)

The Big One - Geology

05

• Situated on a North-East striking fault

structure that lies subparallel and c.11km’s from the Mount Gordon Fault Zone.

• The Mount Gordon Fault Zone contains

numerous examples

• f

fault-related copper mineralization.

• The outcropping mineralization at The Big

One is predominantly copper lode within vesicular basalt of a fault gouge.

• The dominant copper mineralization is

malachite, whilst chalcocite and azurite are also present.

• It is known the copper mineralization

continues beyond a depth of 40 meters

• with

the deepest hole intersecting copper mineralization at 75 meters.

The Big One - Known Resource

06

• Historic drilling of 29 holes to an average depth of 18 metres

below surface has determined that 79,346 tonnes of copper bearing ore is in-situ, of which 51,377 tonnes is “indicated”, and 27,969 tonnes is “inferred”.

• Based on a conservative copper grade of 2.2% - being the

average grade from the drilling program - at least 1,298 tonnes of ore is in place (non-JORC).

• At a copper price of $7,000/tonne = $9million.
• Drilling did not target the higher grade portions of the lode

at the Eastern end of the deposit, nor did it include the basalt structure 100 metres north.

• If a copper grade of 4% were achieved - in line with

production in 1997 via rough selection of ore - the copper content would be 2,360 tonnes, which at $7,000/tonne = $16.52 million.

The Big One - Potential Expansion

07

QuickTime™ and a decompressor are needed to see this picture.

• How deep might mineralization continue to? Mount

Gordon and Lady Annie are two

• f

the closest

• perating mines in proximity of The Big One.
• The Mount Gordon Copper Mine (c.40km’s North-

East), owned by ASX-listed Aditya Birla Minerals, was

• riginally worked as a small open cut operation in 1927.

Today it is a major underground copper mine.

• In 2013 a scoping study undertaken for Aditya Birla

confirmed mineralization extends to a depth of 1.5km’s (Mammoth Deeps) and 0.8 km’s (Esperanza South)

• At the opencast Lady Annie Copper Mine (20km’s

North-East), owned by CST Mining, a technical report undertaken by Snowden (2010) has confirmed the copper mineralization continues to depths of between 60 - 100 metres below surface.

Plain Creek Overview

08

• The Plain Creek project is made up of two EPM’s covering 81 sub-

blocks over a total of 261 square kilometres, and two EPMA’s covering 200 sub-blocks over a total of 644 square kilometres.

• The project area is situated in the northern part of the Drummond

Basin, and is prospective for phosphate mineralization within the siltstone units, and phosphate hosted uranium.

• The Drummond Basin is a major intracratonic feature in which

volcanically derived material accumulated. Units of interest were deposited during Early Carboniferous volcanogenic and sedimentary phase; Natal Formation, Bulliwallah Formation, Star of Hope Formation.

• Within the Plain Creek area, the Bulliwallah Formation and overlying

Natal Formation are folded about the South-East plunging Bulliwallah Syncline. To the West, folded over the Blowhard Syncline and Hopkins Anticline.

QuickTime™ and a decompressor are needed to see this picture.

Plain Creek Overview

09

• The phosphate mineralization at Plain Creek occurs within fine grained flat lying inter-beds of

up to 3 metre thickness in the alternating sequence of arkoses, siltstones and mudstones of the Natal and Bulliwallah Formations of the Drummond Basin.

• Associated uranium mineralization of up to 0.42% (4,200 ppm) uranium occurs within the

phosphate mineralization.

• Previous exploration by Getty Oil (1978-1979) and North Queensland Mining (1981) for

uranium identified the occurrence of phosphate mineralization in the Plain Creek project area. Chip samples of >20% P2O5 (phosphorous pentoxide) were collected by previous exploration. Large areal extend of phosphate inter-beds were recorded.

• All Star Minerals’ geologic consultants, Terra Search, have carried out an interpretation of

areas of prospectivity based on ASTER satellite data using spectral signatures of known phosphate mineralization (see slide 11).

• The Plain Creek project is located 150 km’s South of Charters Towers, accessible by Flinders

and Gregory Development Highways, and a total of 290 km’s from the Port of Townsville, Queensland.

• Existing road and connections to rail network are in close proximity.

Plain Creek - Targets On ASTER Imagery

010

Blue Doe Gold plc - 53% Shareholding

011

• Blue Doe Gold is primarily a gold exploration company that
• wns 4 projects in the Charters Towers-Ravenswood region of

Queensland, Australia covering 321 square kilometres.

• Blue Doe (151 sq. km’s granted)
• Eagle Hawk (3 sq. km’s granted)
• Edward (48 sq. km’s granted)
• Edward 2 (119 sq km’s work program approved, rent

and financial assurance paid)

• The Charters Towers-Ravenswood region has a rich history
• f gold mining with historical endowment in excess of 18

million ounces of gold historic deposits identified through standard exploration techniques.

• In

addition to gold, Blue Doe Gold’s projects have potential for silver, copper, lead, zinc, molybdenite, and tungsten.

• The Company has engaged Terra Search Pty Ltd, an

experienced independent exploration services and contractor operating in the region since 1987, to prepare and undertake its exploration programs.

• In 2012 the Company completed a pre-IPO fundraising

that raised £457,000 at a valuation (post-money) of £2.58 million.

Blue Doe - Regional Gold Mineralization

012

• Adjacent

figure shows the main centres

• f

gold mineralization plotted

• n

an image

• f

advanced processed aero-magnetics that highlight prominent structures and basement domains. Significant silver and base metals are also associated with some deposits.

• The Charters Towers-Ravenswood region has a rich

history of gold mining with endowment in excess of 18 million ounces of gold historic deposits identified through standard exploration techniques.

• New

deposits being discovered today through advances in technology.

• Mineralized ore settings within the project areas are

both mesothermal (tectonic) and epithermal (volcanic).

Blue Doe Project Area

013

• Historical gold production is confined to shallow pits and scrapings.
• Selective mining has resulted in reports of high gold grades.
• More recently the area has been somewhat neglected with previous modern exploration tending to be

cursory in most areas.

• Drilling of shallow percussion holes has occurred at only a few prospects.
• Check sampling has been carried out during site visits and helicopter surveys that confirm previous

exploration results.

• 6 high priority gold and base metal targets have been identified, namely
• Blue Doe Vein Field (includes Blue Doe, June Ellen & North Reef)
• Top of Hill Breccia
• Eagle Hawk - Miners Pinnacle
• East-West Structure Eagle Hawk
• Prince Charles South
• Black Mountain
• In addition, some other prominent magnetic structures and features are present. Many are poorly explored

and require further sampling of both of outcrop areas (rock chip sampling) and under cover (drilling).

Overview of Highly Ranked Prospects

014 Blue Doe Vein Field: includes Blue Doe, June Ellen, North Reef. Rock chips show extensive gold and lead

• values. Limited drilling to date is inconclusive. Steep nature of the country poses significant challenges for

access, drill site preparation and drilling logistics. Top of Hill Breccia: Highly prospective geology indicative of an intrusive-related gold target shown to be gold and pathfinder element bearing (e.g. Pb, Bi) from rock chip sampling. Remains untested as no previous drilling. Eagle Hawk - Miners Pinnacle: Gold-bearing vein structures have been rock chip sampled and drilled over a strike length of 1km and shown to be gold bearing. Drilling to date is inconclusive with the best gold areas largely untested. East-West Structure Eagle Hawk: Gold-bearing vein structures have been rock chip sampled over a strike length of 1km and returned significant gold values. Remains untested as no previous drilling. Prince Charles South: Narrow high-grade copper and gossanous veins, after sulphides occur over a wide area (1.5km x 1.5km). The full extent of the vein array needs to be established. If a focus for the mineralizing fluids could be located, this is an obvious drill target. Black Mountain: Molybdenum-bearing greisen previously sampled and drilled with low-grade Mo

• intersected. Recommend that future Mo exploration focuses on the location of high-grade pipes or
• structures. Gold occurrences in the prospect area require investigation.

Regional Targets: Some prominent magnetic structures and features are present in the tenements. Many are poorly explored and require further sampling both of outcropping areas (e.g. by stream sediment and rock chip sampling) and under cover (ground magnetics and bedrock drilling).

Board of Directors

015

Tomas Nugent, Chairman: Tomas commenced his career in the City in 2003 by raising capital for smaller companies coming on the markets. Since then his career has spanned sales trading, fund management, equity research and private equity. Conrad Windham, CEO: Mining entrepreneur, Conrad has founded and co-founded three mining exploration companies that have IPO’d on London’s ISDX and AIM stock exchanges. James Featherstone, Non-Executive Director: Former investment banker with Anglo Irish Bank and Investec.

Why Invest?

016

• Diversified junior with exposure to multiple commodities
• Strong pipeline of near term production opportunities sourced by the management team
• Revenue and Production expected to commence in Q2 2014
• The lifting of the prohibition on uranium mining in Queensland transforms the attractions of

developing the Plain Creek project, where uranium and phosphate mineralization are on surface

• Work programs have been approved at Plain Creek, with maiden annual rent and

financial assurance paid.

• Further exposure to upside through major shareholding in Blue Doe Gold Plc
• Exploration programs undertaken by Terra Search Pty Ltd, an independent geologic firm
• perating in the region since 1987.
• Board interests aligned with shareholders.
• Shares in All Star Minerals trade on the ISDX stock exchange (www.isdx.com), a

recognized stock exchange owned and operated by FTSE 250 company ICAP plc

• AIM Listing Planned for 2014

All Star Minerals Plc 77 Wimpole Street London W1G 9RU Tel: 01366 500722 Email: info@allstarminerals.com Web: www.allstarminerals.com

All Star Minerals Plc 01366-500722 Registered Office Richmond House Broad Street Ely Cambridgeshire CB7 4AH