Annual General Meeting 2009 - Nex Metals Explorations Ltd

Edd Prumm, Technical Director

Phase 1 Swift Low Cost Cash Flow

Laterites provide a low cost high profit mining option for Nex start-up gold production. Gold production from laterites are easy, no waste to move, ore rippable with a dozer no crushing required with excellent heap leach ore recoveries (exceeding 65% in recent metallurgy) and no re-handling of ore straight from the pit to the dump.
1.84Mt of lateritic material grading 0.45 g/t ASX reported resource estimation delineated by independent consultants.
Recent metallurgical test work by independent consultants suggests Dump Leach recoveries should be better than 65%.
Close to infrastructure, adjacent to the existing Orient Well open pit and...
Potential for more ore using Nex's tenements along with recent acquisitions.
Ready for mining: This gold mineralised laterite is the first deposit, located to the north of the Orient Well pit. The mineralisation has already been grade control drilled and delineated on a 10m x 10m and 20 x 25 grid spacing.
Easy to mine, the laterite, varying from 1 to 7 metres in thickness, covers an area of 1.5 sqkm in the Orient Well area (Refer to diagram 2 below). A total of 7% of this area has already been exploited @ a +1.5g/t cut off grade.
No waste overburden, we only mine ore, no waste.
Mines department and environmental approvals underway. Nex has established a scoping committee of industry specialists to navigate the approvals process.
Alan Matthysen appointed Project Manager. Alan was formerly the Heap Leach Superintendent .at the St Ives heap leach operation run by Goldfields Ltd.

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