Capital Structure Issued and Quoted Securities Current Number Ordinary Shares 65,600,974 Options 8 cent 33,800,487 (Expiring - 30 April 2012) Market Capitalisation 8M (1 November 2010)
Capital Structure Major Shareholders Currently Shares % E Edwards 8,710,000 13.28 Ishine International 8,300,000 12.65 D Kelly 6,043,957 9.21 P Newcomb 2,862,500 4.36
Board and Management Hon Andrew Thomson (Chairman) Graduate of the Law Faculty of the University of Melbourne, the International Centre of Keio University in Tokyo, and Georgetown University Law Centre. Mr Ed Edwards (Managing…
Athenas Projects Byro 2,800 sq km - Iron Ore - Nickel-Copper & Platinum Ashburton 630 sq km - Gold - Lead, Silver and Copper
BYRO PROJECT GEOGRAPHIC LOCATION AND INFRASTRUCTURE
ATHENAS TENEMENTS ATHENAS TENEMENTS
BYRO MAGNETITE IRON PROJECT 2010 - 2011 KEY POINTS Confirmed the FE1 Anomaly to be a large, continuous, Magnetite Body Assay and DTR Results Show High Grade with Low Impurities High Confidence in Targeting by Correlating Assay…
AHRC0008 82m32.43%Fe from 68m AHRC0006 76m 28.46%Fe from 85m AHRC0011 60m 35.1%Fe from 107m AHRC0003 50m 34.56%Fe from 59m AHRC0005 38m 30.38%Fe from 64m FE1 Drill Hole Locations Over aerial photograph and aeromagnetic…
Line 4 Line 3 Line 2 AHRC0010 20m 29.13% Fe from 98m AHRC0008 82m32.43%Fe from AHRC0005 38m 30.38%Fe from 64m 68m AHRC0011 60m 35.1%Fe from 107m AHRC0007 20m 28.91% Fe from AHRC0006 76m 28.46%Fe from 85m 32m Including 10m 33.34% Fe…
Outcropping BIF East of AHR0007 Looking south, note westward dip of bedding
Sample Piles AHRC0008 (top left) and AHRC0006 (bottom right) Sample piles are at 1m intervals, note the consistent cover depth of 55 to 60m from surface to the magnetite body and continuous magnetite thereafter. Sample…
POLISHED THIN SECTION MAGNETITE MAJOR GRUNERITE MAJOR CHALCOPYRITE TRACE PYRITE ACCESSORY PYRRHOTITE TRACE QUARTZ MAJOR BIOTITE/CHLORITE ACCESSORY ILMENITE TRACE HORNBLENDE TRACE CLASSIFIED AS A PYRITE MAGNETITE AMPHIBOLE…
Photomicrograph of Magnetite in Polished Section from Reflective Light Pyr Mnt Sil Sil Mnt Mnt Sil Above: Opaque, light grey colour magnetite grains displaying high relief
Davis Tube Recovery results include:- AHRC0008 83m 70.7% Fe from 68m AHRC0006 76m 70.4% Fe from 85m AHRC0011 60m 70.4% Fe from 107m AHRC0003 50m 70.5% Fe from 59m AHRC0005 38m 69.0% Fe from 64m AHRC0017 10m 71.1% Fe from 88m…
Magnetic Image Targeting (Magnetic image targets marked in yellow). Correlating geophysical magnetic data to actual drill chip assay. Developed a response cut off of 1500nt for the high magnetite type iron ore. As can be seen…
BYRO COPPER NICKEL PGE 2010 - 2011 KEY POINTS Diamond Drilling at Byro East has demonstrated variable zones of geochemistry within a consistently high MgO peridotite Primary sulphide, pentlandite commonly upgraded to millerite and…
Two Locations Byro East 1. Byro East Moonborough 2. Moonborough (So Far)
2000m Channels 14 to 24 Time Constant (Tau) Overlaying RTP Laplacian Aeromagnetic Data (Above) BYRO EAST DRILL HOLES (Left) AHRC0025 Southeast Contact Cu anomaly AHRC0026 Midwest Contact Ni soil anomaly AHRC0027 (140m) Then…
BYRO EAST DRILL RESULTS Zones Laterite Part Weathered UM. Fresh Rock at AHRC0025; 36m 0.34% Ni from 0m, (In laterite). 50m Elevated PGE's Throughout Sheared UM Sheared sed/Granite Zones Silicified zone From 92m a shear hosting…
Thin Section showing Primary Pentlandite altered to Millerite. Formed by removal of sulfur from the pentlandite during metamorphism and reconstituted into metamorphic millerite
Plate 2 from thin section Nickel Sulphides, Millerite and Pentlandite with Native Copper. Native copper as fine linear shaped particles in the serpentine with nickel sulphides.
Plate 3 from thin section Vein Hosting Magnetite-Millerite and Copper. The assemblage association millerite - magnetite strongly indicates a secondary metamorphic occurrence most likely associated with the serpentinisation processes. It…
MOONBOROUGH Three Gates Water Bore Hole 7 ppb Pt 9 ppb Pd 58 ppm Cu 3 ppb Pt 21 ppb Pd AHRC0021 162 ppm Cu AHRC0022 18 ppb Pt 9 ppb Pd AHRC0019 50 ppm Cu AHRC0020 BYRO STATION 5 kilometres
MOONBOROUGH RESULTS AHRC0019: maximum down hole assays include 15ppb platinum, 15ppb palladium, 10ppb gold, 96ppm Copper and 1010ppm nickel. (Talc chlorite ultramafic ) AHRC0021 maximum down hole assays include 10ppb platinum, 80ppb…
EXPLORATION STRATERGY 2010 - 2011
EXPLORATION OUTLINE Byro Iron Ore Byro Base Metals To Achieve Inferred Resource Moonborough AirCore Program Byro East Diamond Drilling Geochem Local Gravity DHEM Tonnes Grade Grid Definition Target Definition Assay DTR…
Average width = 60m Magnetite SG = 4 g/cm3 Required density of drilling to be determined (View shows 80m centres)
1 Kilometre 1 Kilometre
MOONBOROUGH AIRCORE DRILLING BYRO STATION 5 kilometres
The technical information relating to Athenas exploration projects was compiled by Mr. Donald Thomson, an employee of Indigo Exploration Services Pty Ltd. Mr. Thomson is a Member of the Australasian Institute of Mining and Metallurgy, and…
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