ALBIDON LIMITED INVESTOR UPDATE

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ALBIDON LIMITED INVESTOR UPDATE Powered By Docstoc
					EMERGING NICKEL PRODUCER
        BOTSWANA RESOURCE
        SECTOR CONFERENCE
                 | JULY 2007
         ALBIDON – POISED FOR GROWTH
 Focused on becoming a profitable African mining company.
 Over 120,000 square kilometres of leases in Zambia, Botswana,
  Malawi, Tanzania and Tunisia.
 Most advanced Project – Munali Nickel Project in southern
  Zambia.
 Munali is one of a handful of new nickel sulphide projects
  planned to commence in 2008.

 At present commodity prices, project payback rapid.
 Exploration activities have increased around Munali and
  throughout leases in 2007.


                       ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
         ALBIDON – POISED FOR GROWTH
 Albidon’s exploration activities focused on the Munali district,
  Zambia, Botswana and Tanzania.
 Non core exploration has been Joint Ventured to ensure
  increased activity while Munali is being developed.
 Four significant exploration Joint Ventures operating in Africa:
    Zinifex - exploring for Zinc, Lead and Cu-Au in Tunisia;
    BHP Billiton – exploring for Ni-PGM in Tanzania at Songea;
    Lonmin – exploring for PGM’s in Tanzania at Luwumbu; and
    African Energy – exploring for Uranium in Zambia.
 Joint Venture strategy has seen a dramatic increase in
  exploration spend in 2007.



                       ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
                            CORPORATE OVERVIEW
DUAL LISTED: ASX (ALB) and AIM (ALD)                          DIRECTORS:
                                                              Richard Potts - Chairman
CAPITAL STRUCTURE:                                            Dale Rogers - Managing Director
Listed Shares:                   155.5M                       Donal Windrim - Executive Director
Options:                           5.2M                       Alasdair Cooke - Executive Director
Total Diluted:                   160.7M                       Paul Chapman - Executive Director
                                                              Chris De Guingand - Non Executive Director
                                                              Valentine Chitalu - Non-Executive Director
MAJOR SHAREHOLDERS:
African Lion Selection           33.8M (22.0%)                Cash at 31st March, 2007 $US 38m
Commonwealth Bank                13.5M (8.79%)
Fidelity (Institutional Group)   12.9M (8.40%)
Directors / Management           12.5M (8.05%)
AXA (Institutional Group)         5.1M (3.36%)
CMG Capital                       4.8M (3.17%)
AMP Capital Investors             4.5M (2.96%)
Jinchuan                          4.2M (2.70%)
                                      (59.53%)




                                      ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
ANIMATION OF MUNALI
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            MUNALI NICKEL PROJECT, ZAMBIA
 Infrastructure
  Close to capital city,
  highway, rail, power and
  water supplies.

 Mineral Resource
  8.0Mt @ 1.4% Ni, 0.9g/t
  PGM (109,000t Ni metal).

 Metallurgy
  +13% Ni in bulk Ni-Cu-Co-
  PGM concentrate.

 Development Schedule
  First concentrate
  production mid-2008.


                              ALBIDON LIMITED | INVESTOR UPDATE JULY 2007
                    MUNALI SUMMARY
 Initial project life of ten years, expected to grow with further
  exploration.

 Underground mining and milling rate planned at 900,000tpa.

 Annual production of approx 8,500t of Ni in concentrate
  rising to 9,000t of Ni in later years.

 By products Cu-Co-Pt-Pd add 15% - 20% to revenue stream.

 First delivery of Ni-Cu-Co-Pt-Pd concentrate scheduled for
  mid 2008.



                      ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
                   MUNALI SUMMARY

 Forecast capital costs, including working capital, of less
  than US$100 million.

 Direct Cash Operating Costs US$2.0/lb Ni in concentrate,
  excluding by-product credits and offtake terms.

 Munali will be a long-life, low-cost producer of nickel.

 Munali Resources have continued to grow since 2005.

 Exploration at Munali continuing in 2007 and 2008.



                     ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
                      MUNALI PROGRESS
 Munali Project is running on time and budget.

 Minproc appointed as construction manager.
 Project is fully funded:
    Equity financing completed                             - US$35 million
    Share placement with Jinchuan                          - US$5 million
    Subordinated debt with Jinchuan                        - US$20 million
    Senior debt with EIB and Barclays Capital              - US$60 million
 Equipment items with long lead times have been ordered.

 Hedging completed at very favourable prices.

 First debt draw down announced today.




                         ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
               EXPLORATION OVERVIEW
Exploration funding tripled in 2007 to over US$14 million:

Albidon Exploration
    Near-mine and district exploration to continue (Albidon 100%).
    Botswana exploration increased (Albidon 100%).

Regional Exploration Programmes
Mostly funded and operated by Joint Venture partners:
    Kariba Uranium, Zambia     -      African Energy.
    Songea Nickel, Tanzania    -      BHP Billiton.
    Luwumbu PGM, Tanzania      -      Lonmin/Goldstream.
    Nefza Zinc, Tunisia        -      Zinifex.


                       ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
                          MUNALI INTRUSION EXPLORATION

                                                                                                                    13.56m @ 0. 91% Ni & 1.3g/t PGM
        NORTH WEST                                        4.09m @ 2. 6% Ni & 2.73g/t PGM                            Inc. 3.21m @ 2.3% Ni & 3.36g/t PGM
                                   12m @ 2.16% Ni
        TARGET ZONE                & 2.82g/t PGM
                                                                     14.13m @ 0. 78% Ni & 0.77g/t PGM
                                                                     Inc. 3.08m @ 1.95% Ni & 1.75g/t PGM
                                                                            VOYAGER
NW Target Area
                                                                                  PROSPECT
intersections include:                                                                                       ENTERPRISE DEPOSIT
5.05m @ 1.85% Ni & 1.99 g/t PGM
3m @ 1.36% Ni & 2.52 g/t PGM    5m @ 1.33% Ni & 1.86g/t PGM
                                                                                    2.17m @ 0. 66%   Ni
                                                                                                          8.0Mt @ 1.4% Ni & 0.9 g/t PGM
3m @ 1.08% Ni & 0.78 g/t PGM    7m @ 0.75% Ni & 0.68g/t PGM
4m @ 0.98% Ni & 0.95 g/t PGM    4m @ 1.75% Ni & 2.14g/t PGM                         & 0.55g/t PGM
2m @ 1.16% Ni & 2.53 g/t PGM                       Voyager intersections include:
                                                   20m @ 1.15% Ni & 1.68 g/t PGM
                                                   12m @ 0.75% Ni & 1.06 g/t PGM
                                                   5m @ 1.02% Ni & 1.33 g/t PGM
                                                   4m @ 1.19% Ni & 1.4 g/t PGM
                                                   5m @ 0.72% Ni & 0.83 g/t PGM
                                                   3m @ 0.95% Ni & 0.94 g/t PGM


                                                                                                                  13.35m @ 1. 01% Ni & 0.75g/t PGM
                                                                                                                  Inc. 4.83m @ 1.45% Ni & 1.01g/t PGM




                                                           ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
MUNALI DISTRICT EXPLORATION PROSPECTS




                     ALBIDON LIMITED | INVESTOR UPDATE JULY 2007
SELEBI-PHIKWE PROJECT - BOTSWANA

                                          Significant potential
                                           for economic nickel
                                           sulphide
                                           mineralisation.

                                          Focus in 2007 on
                                           Lipadi Hill and
                                           Sunnyside
                                           Prospects, where
                                           previous explorers
                                           intersected nickel
                                           sulphide
                                           mineralisation.


         ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
URANIUM JOINT VENTURE, ZAMBIA
                                    New targets identified
                                     from airborne radiometric
                                     survey at Chirundu,
                                     Kariba and Luano.
                                    Similar geology and same
                                     or larger scale than Njame
                                     Uranium deposit.
                                    Njame is currently 100%
                                     Albidon, with African
                                     Energy earning an initial
                                     30% interest.
                                    Follow-up fieldwork has
                                     commenced.
                                    Recent announcement
                                     demonstrates new
                                     discovery at Gwabe.



       ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007
URANIUM JOINT VENTURE, ZAMBIA
          Gwabe    CHIRUNDU JV
                      Drilling at Gwabe with initial
                       results recently announced.
                      Extensional drilling at
                       Njame to commence in third
                       quarter.
                   KARIBA VALLEY JV
                      Soil sampling at Chisebuka
                       completed in first half.
                      Drilling at Chisebuka and
                       Namakande to commence
                       in second half of 2007.
                     TANZANIA OVERVIEW

 Songea
 Airborne EM planned
  by BHP Billiton.

 Luwumbu
 Further drilling and
  evaluation of Nkenja
  PGM prospects by
  Goldstream/Lonmin.

 New Projects
  (Albidon 100%)
 5 new project areas
  under application.



                               ALBIDON LIMITED | INVESTOR UPDATE JULY 2007
                     TUNISIA PROJECTS




                                                                                                                                         5 10 000 E




                                                                                                                                                                                                                                                           6 10 000 E
 Albidon-Zinifex JV signed in
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 US$1.3 million in 2007, plus
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                                                    ALBIDON LIMITED | INVESTOR UPDATE JULY 2007
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                   ALBIDON - SUMMARY
 Exploration and development company focused on Africa
 Developing the Munali Nickel Project in Zambia
 One of only a few Ni sulphide projects at this stage of
  development in the world
 Munali area has scope for further expansion of resources
 Large portfolio of exploration projects for growth in Africa
 Significantly increased exploration budget in 2007
 Joint Venture exploration agreements have allowed
  leverage to significantly increased exploration levels


                      ALBIDON LIMITED | BOTSWANA RESOURCE SECTOR CONFERENCE JULY 2007

				
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