Shaw River Manganese

Shaw River Manganese is a manganese- focused company with an outstanding short-term production profile. The Company’s exploration strategy targets large high-grade manganese deposits, with the company recently acquiring 75.5% of the Otjozondu Manganese Project (“Otjo”) in Namibia. As Shaw progresses the Otjo project to production, the company will join the ranks on only a few listed open-pit manganese mining companies worldwide, in line with the company’s strategy to become a dominant global manganese producer.

Overview

• Geographical diversification, with a presence in Australia (Baramine and Skull Springs),
Namibia (Otjo) and Ghana (Butre) creating significant and diversified revenue streams.
• Maiden JORC Inferred Resource estimate of 6.8 Mt grading 23.1% manganese based on diamond
drilling at the Baramine Project in the Pilbara.
• Rapidly advancing projects with manganese grades of up to 45.8% already intersected in drilling
at the Baramine project in the Pilbara.
• $25 million raised though placement in April 2011.
• Shaw River offers excellent exposure to manganese, critical to the steel industry. Investors can
benefit from a high unit sale price and strong global demand.


Current Operations

Otjozondu, Namibia
• 3,000m diamond drilling program commenced May 2011.
• Additional RC drill rig and crew on site, with a second joining drill program in coming weeks
commencing an aggressive resources extension drill program over 7,000m.
• Scoping study has indicated strong economics from a proposed initial 250,000tpa operation
from 2012 ramping up rapidly to 500,000tpa producing a high-grade, high-quality product
using simple beneficiation methods. Manganese product grade estimated 38-40% Mn.
• Feasibility Study commenced, production of manganese planned in 2012.

Butre, Ghana
• 5,800m drill program completed. Results expected July 2011.
• Bulk sampling of manganese source material and beneficiation testing to commence during
September 2011.
• Initial drilling at Butre produced results including 26m at 21.2% Mn.
• High-grade gold also intersected at Butre, including 2m at 61.7gpt

Baramine, WA
• Baramine geology very similar to Woodie Woodie manganese project, 80km to the south-east.
• Baramine has an exploration target of 10 Mt – 15 Mt grading 18-25% manganese. Recent drilling
at Baramine has identified that the geology hosts high-grade manganese of more than 40% and
the potential for direct shipping grade discovery.
• 7,500m drill program commenced in May 2011. Results expected in August 2011.

Directors

Mr Tony Walsh BCom MBA CA
Chairman and Company Secretary

Mr Walsh has spent the last 14 years at the Australian Stock Exchange providing expert ASX Listing Rule advice to Perth based listed companies and facilitating new listing applications. At the ASX he was responsible for the facilitation of the listing of over 500 IPOs and reinstatement of over 200 “backdoor listings” during this period. During his tenure at the ASX, the number of Perth based listed companies grew from approximately 235 companies in 1992 to approximately 600 today. He was responsible for the introductory education and ongoing provision of advice on the ASX's corporate governance guidelines to advisors, professional institutes, boards of directors and company secretaries. Mr Walsh is currently the company secretary of 3 listed companies. Prior to joining the ASX he worked for over 5 years with Ernst & Young, Perth and Dublin, Ireland with short assignments in Brussels, Belgium and Douglas, Isle of Man.

Mr Peter Benjamin BSc (Hons), Grad Dip (Exploration), (Bus Admin), GAICD, MAusIMM, AFAIM

Managing Director

Mr Benjamin is a geologist with over 30 years’ experience in senior exploration, project, operational and executive management roles for both junior and mid-tier resources companies. These roles have included significant experience in the development and subsequent operations for open pit and underground precious, base metal and bulk mineral mines throughout Australia.

Mr Benjamin has been involved in managing and co-ordinating geology and development teams and activities across a range of diverse cultural and regulatory environments both in Australia and internationally. He has extensive experience in managing and implementing exploration strategies which have led to the successful and ongoing discovery and delineation of new mineral resources and ore reserves. 

Most recently Mr Benjamin was with Iluka Resources Limited, where as General Manager, Exploration and Geology, he was responsible for the Iluka Exploration team, who are credited with discovering the “Jacinth-Ambrosia and Tripitaka” world class zircon deposits and, replacing the mineral resources base which underpins the ore reserves, annually, for Iluka’s mineral sands projects. 

Mr Ken Brinsden B. Eng - Mining, MAusIMM
Non-Executive Director

Ken Brinsden graduated from the WA School of Mines as a Mining Engineer in 1993. Between graduation and May 2006 he worked for WMC Resources, Normandy, Central Norseman Gold Corporation, Gold Fields and Iluka Resources in a range of production, management and Project Development roles. Ken joined Atlas as Operations Manager in mid-2006, playing an instrumental role in the growth of the Company from a junior explorer into a significant producer exporting iron ore through the port of Port Hedland.

Ken holds a Bachelors Degree in Mining Engineering and a First Class Mine Managers Certificate.
He is a member of the AusIMM and the AICD.

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