AUZ (ASX) Ann: Investor presentation

Originally posted by RED328: ↑

This post is my opinion, this is relevant to the thread as it discusses the resources in context of the thread discussion and the Investor Presentation document.
Links attached are below and these show my points eloquently.
https://wcsecure.weblink.com.au/pdf/AUZ/02586680.pdf
https://wcsecure.weblink.com.au/pdf/AUZ/02523854.pdf

AUZ is a significantly mined out nickel resource in tropical Queensland, a mined pit in the ground,
That ground was mined out previously by Freeport, they discontinued mining, most likely because it was mined out and uneconomical to proceed at the time. It looks like they were able to find easy pickings by loading it off to AUZ. In my opinion
Then Lucknow and Kokomo were discovered by Metallica Minerals in mid 2000’s - but it looks like they were able to find easy pickings by loading it off to AUZ as well. In my Opinion.

Those Sconi resources are located in a sub tropical cyclone region that with regularity gets smashed.
WOW can you imagine a tailings dam being approved ????
There may be no environmental studies to date of acceptable quality because that is what the director has intimated in the presentations.

- AUZ is beginning a drilling exploration cycle to increase the resource because it is insufficient as the project currently stands, that will take years.
- AUZ is also going back to BFS studies because the work previously done is also insufficient and requires a back to basics approach costing capital and time, 4 years as indicated to get an investment decision according to Michael Holmes.
Link attached https://wcsecure.weblink.com.au/pdf/AUZ/02586680.pdf Page 8

The new director Michael Holmes also admitted that the Sconi Resource was of insufficient quality and size to produce MHP at economical grades, this indicated that Sconi is a marginal resource at best and that includes Scandium credits in the costings.

The line trotted out of Lowest Cost Quartile is meaningless when the resource is uneconomical to start with.

The story about a 30 year life of mine was achieved by lowering the cut off grades substantially, that is the reason why MHP can no longer be financially viable, the payback from minerals recovered to costs of operation is too low.
Link Attached https://wcsecure.weblink.com.au/pdf/AUZ/02586680.pdf page 5

Michael Holmes has also said that they need to update the BFS and that will be complete in Q1 2024.

Michael Holmes has also said in very clear and precise language that Sconi will only get a final investment decision in 2026 if the Environmental impact study work is completed.
Link https://wcsecure.weblink.com.au/pdf/AUZ/02586680.pdf Page 4

AUZ investors like to crow about the potential of the Flemmington resource in NSW.

The grades exposed at Flemmington are so pitiful that it looks incredulous. Please understand that if they were ever to exploit Flemington a brand new plant will be required and that is very costly indeed, There are some that say they are experimenting with DES, an unproved technology at scale.

Here is some data for you and it is very damning indeed. Just look at the grades, 0.24% is half the cut off grades at Sconi, just how they propose mining this is bewildering.
Just for your knowledge look at the resource in million tonnes, below as well 2.7 million tonnes total.
Link Attached https://wcsecure.weblink.com.au/pdf/AUZ/02523854.pdf Page 33

It seems to me like the AUZ project has gone backwards by a massive leap and there is nothing to crow about by investors of AUZ.
We all know that this story does not end well and I wish everyone good luck.
I have done my homework, years ago and that is why I will never own AUZ again.
RED

Expand

absolute crap .. what you have posted is NOT Nov 2022

No.	Vol.	Price($)
27	20994432	0.7¢

No.

Vol.

Price($)

20994432

0.7¢

Price($)	Vol.	No.
0.8¢	4563555	14

Price($)

Vol.

No.

0.8¢

4563555

No.	Vol.	Price($)
27	20994432	0.007
24	14217557	0.006
12	10335000	0.005
9	6105000	0.004
2	2400000	0.003

No.

Vol.

Price($)

20994432

0.007

14217557

0.006

10335000

0.005

6105000

0.004

2400000

0.003

Price($)	Vol.	No.
0.008	4563555	14
0.009	5754623	17
0.010	3225802	20
0.011	2035617	13
0.012	4736669	7

Price($)

Vol.

No.

0.008

4563555

0.009

5754623

0.010

3225802

0.011

2035617

0.012

4736669

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $9.789M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$9.792K	1.396M

Ann: Investor presentation, page-79

Auric banks $6.3M in August with processing on-target for 300K in 2024

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

MOVE Logistics picks new interim CEO to take over operations from early September

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Appliances and furnishings impress - will Harvey Norman be next?

Golden Mile ditches Marble Bar and Murchison tenements after weak fieldwork results

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Investor presentation, page-79

Top Stories

Auric banks $6.3M in August with processing on-target for 300K in 2024

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

MOVE Logistics picks new interim CEO to take over operations from early September

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Appliances and furnishings impress - will Harvey Norman be next?

Golden Mile ditches Marble Bar and Murchison tenements after weak fieldwork results

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News