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Platinum Exploration

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Auto industry demand for palladium is expected to increase in 2004. Platinum price chart - US ... and subordinate orthopyroxene with accessory opaque oxides ... – PowerPoint PPT presentation

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Title: Platinum Exploration


1
Platinum Exploration
Agricola Resources plc
2
  • Agricola Resources is involved
  • in platinum exploration and
  • development
  • New Management Team
  • Trading on OFEX AGC
  • Exploration to commence
  • in Shetland, Sweden and
  • Northern Ireland

3
  • Directors
  • Robert Young Executive Chairman
  • Aged 59, he holds a first class honours degree in
    geology and chemistry, a MSc in Mineral
    Exploration and Mining Geology and a PhD in
    geochemistry. He has over 30 years of varied
    experience in the mining industry in Europe and
    South East Asia. Positions held included director
    of Minerex Limited (Ireland), chief metals
    geologist for Shell Metals (Indonesia) and
    founding Managing Director of Cambridge Mineral
    Resources PLC and Angus Ross PLC.
  • Richard Newstone Finance Director and
    Company Secretary
  • Aged 54, he is a Chartered Accountant in public
    practice. He has previous management experience
    of coal mining in Scotland and in the past also
    worked on taxation aspects of the North Sea Oil
    Industry.
  • Gavin Burnell Non Executive Director
  • Aged 26, he has worked within the smaller-cap
    equities market, particularly OFEX, for the last
    four and half years. He acts as a consultant to
    Ruegg Co. Limited which has won OFEX Corporate
    Advisor of the Year for the last two years. He is
    also Managing Director of Woodland Capital
    Limited, an investment company specialising in
    investments in smaller companies, both private
    and public.
  • Gavin has good experience of the small cap sector
    both in advising companies, structuring
    fundraisings and raising finance and an excellent
    knowledge of the OFEX market and its mechanics.
    Mr Burnell will be a great asset in assisting the
    Company to achieve its development plans.

4
  • Corporate Advisor
  • Ruegg Co Limited
  • 39 Cheval Place
  • London SW7 1EW
  • Operating Office
  • 1 Green Hill
  • Little Thetford
  • Ely, Cambs, CB6 3HD
  • Website
  • www.agricolaresources.com
  • Company Number
  • 4018807

5
  • Issued Share Capital
  • 68,403,137 Ordinary Shares at 1p
  • Warrants
  • 26,879,240 at a price of 1p per share
  • allotted any time until 31st October 2005
  • Major Shareholdings
  • B.Rowan 24.24
  • T. Anderson 14.62
  • Resources
  • Investment
  • Trust plc - 11.94

6
Platinum and Palladium Market
  • In 2003 the platinum market remained in deficit
    for the fifth consecutive year, due to the large
    usage of autocatalysts in the automotive
    industry.
  • This has resulted in the price of platinum
    doubling since January 2000. The continuing
    market deficit has driven the price up to US 850
    per oz in February 2004.
  • The outlook for platinum remains sound. The
    automotive and jewellery sectors remain the
    pillars of the market. Automotive usage will grow
    due to stricter emission standards worldwide and
    increasing diesel vehicle sales. The return of
    economic growth worldwide will also bolster
    platinum use.
  • Platinum (Pt) is one of a group of six precious
    metals known as the platinum group elements
    (PGE), which also includes palladium (Pd),
    rhodium Rd), iridium (Ir), ruthenium (Ru) and
    osmium (Os).
  • Auto industry demand for palladium is expected to
    increase in 2004

7
Platinum price chart - US

8
Palladium price chart - US

9
  • Shetlands
  • On the 26th February 2004 Agricola signed an
    option agreement with Beowulf Gold PLC to acquire
    its interest in the agreement with Sandisons for
    acquiring exclusive exploration rights for a
    Platinum Group Elements (PGE) property in the
    Shetland Islands, Scotland.
  • The Sandison Property, covers about 8 square
    miles on the Island of Unst, the most northerly
    inhabited island in the British Isles.
  • If Agricola exercises the option with Beowulf it
    will pay 7.5 million Agricola shares and will
    agree to pay a US1.0 per ounce royalty on any
    platinum production from the property

10
Platinum Exploration on the Isle of Unst
Agricola Resources plc
11
? Unst

12
The Isle of Unst
?Baltasound
Exploration area
13
? Baltasound
14
Unst, principle ophiolitic rocks
Mineralogy
Dunite a peridotite consisting almost wholly of
olivine and containing accessory pyroxene and
chromite   Harzburgite a peridotite composed of
olivine and subordinate orthopyroxene with
accessory opaque oxides   Wehrlite a peridotite
comprising olivine and diopsidic clinopyroxene
Gabbro a pyroxene gabbro altered to a mixture
of actinolite, after pyroxene, and saussuritised
plagioclase
15

The Baltasound area
Quoys
Loch of Cliff
Talc on basal thrust
Basement Metasediments
Talc on basal thrust
Weherlite
Harolds Wick
Harolds Grave
Cliff
Crussa Field
The Heogs
basal thrust
Dunite
Nikka Vord
Harzburgite with Dunite pods

Chromite quarries
16
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18
   
19

The Baltasound area
Quoys
Loch of Cliff
Talc on basal thrust
Basement Metasediments
Talc on basal thrust
Weherlite
Harolds Wick
Harolds Grave
Cliff
Crussa Field
The Heogs
basal thrust
Dunite
Nikka Vord
Harzburgite with Dunite pods

Chromite quarries
20
Eastern type Mineralisation
PGE enrichment which is Os, Ir, Ru dominant. This
has a magmatic signature with a higher
temperature phase, not dissimilar to PGE patterns
which are associated with ophiolite complexes,
worldwide. This mineralisation is associated
with chromites from several quarries in the
central and eastern parts of the Baltasound area
and is best developed at a location known as
Harolds Grave quarry.
21
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22
Western type Mineralisation
(Positive slope)
Eastern type Mineralisation
(Negative slope)
Diagram courtesy of the British Geological Survey
23

The Baltasound area
Quoys
Loch of Cliff
Talc on basal thrust
Basement Metasediments
Talc on basal thrust
Weherlite
Harolds Wick
Harolds Grave
Cliff
Crussa Field
The Heogs
basal thrust
Dunite
Nikka Vord
Harzburgite with Dunite pods

Chromite quarries
24
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25
Sweden
  • Large geological potential
  • Underexplored prospective ground
  • Modern mineral legislation
  • Excellent infrastructure
  • Political and economic stability
  • Long history of mining
  • Good information service
  • Skilled and productive workforce
  • No royalties, 23 corporate tax

26
Sweden Mafic intrusions anomalous in PGE Au
27
21g/t Platinum at outcrop

KläppsjÖ mafic intrusion
28
Ireland
  • The Governments of both Northern Ireland and
    the Republic of Ireland are firmly committed to
    encouraging exploration and development in an
    environmentally friendly manner
  • Tyrone Igneous Complex
  • Prospective for ophiolite-
  • related Platinum Group
  • Minerals

29
Geological Map Of Ireland
30
The Future
  • The Directors will work hard to increase the
    shareholder value of the Company through 2004 and
    beyond.
  • The OFEX Market will be open to four market
    makers in the third quarter of 2004
  • J. P. Jenkins Ltd.
  • Teather Greenwood
  • Hoodless Brennan
  • Winterflood
  • This will make OFEX open to institutional
    investors and thus it will become more dynamic.
  • If institutional investment is not forthcoming on
    OFEX, Agricola Resources PLC will apply to the
    AIM Market of the London Stock Exchange.
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