For personal use only “Aggressive Path to Coal Production”” Maverick Drilling International Ltd ASX: MRK August 2008
Company Update For personal use only • ASX: MRK • Relisted July 2008 • Experienced Management - Board has strong technical and corporate experience • Tight share register - Top 40 own 78% • Focused on Coal & Gas • Focused on Coal & Gas • Prospects – Loopleegte Coal • Waterberg region South Africa • Initial Exploration target 120-240Mt coal – Reid’s Dome Gas • Queensland Australia • 20% JV interest Slide 2
Acquisition For personal use only • Acquisition of 30% farm in joint venture interest in Loopleegte 302LQ located in South Africa’s Waterberg Region. • Acquisition consideration of: – 98.5 million shares (subject to Shareholder approval); – Payment of A$150,000 reimbursement of vendor expenses; – Maverick to fund A$550,000 in exploration over 18 months. – Maverick to fund A$550,000 in exploration over 18 months. • Option to increase interest up to 74% on payment of either: – A$0.34/tonne: or – the issue of Maverick Shares calculated at A$0.48/tonne of mineable coal based on 44% of the mineable coal indicated in the Bankable Feasibility Study • Appointment of Mr Christo Cordier as General Manager . Slide 3
Structure For personal use only Maverick Drilling International Ltd 100% Torbanite One 20% Pty Ltd 100% New Order Investments New Order Investments 141 Pty Ltd 30% Loopleegte Reid’s Vuselela Mining Pty Ltd Farm JV Dome JV BEE Partner 70% Slide 4
Waterberg Coal Region For personal use only Coal discovered in 1922 during water drilling 25km west of the town of Waterburg Lephale. Coal seams occur in the Volksrust and Vryheid Formations of the Karoo sequence. Numerous coal seams occur, varying Witbankg in thickness from millimetres to more than 60 metres over a zone of 120 metres. The Waterberg Coalfield is estimated to contain more than 40 - 50% of the total remaining coal Resources in South Africa. Slide 5
Location of Loopleegte For personal use only Loopleegte 302 LQ prospecting right covers an area of approximately 1281 hectares and is situated on the Southern edge of the Waterberg Coalfield near the South African Botswana border and Botswana border and about 25km west of about 25km west of Lephale The Exxaro Grootegeluk operation has total Resource of 6.016 Billion tonnes of coal. Proposed Power Power Plant Plant Slide 6
Next Steps 2008 For personal use only •Exploration of $550,000 over 18 months towards: – Resource – Reserve – Feasibility – BFS • Drilling programme Q3/4 2008 to give an inferred resource • Exploration Target between 120 to 240 million tonnes, please refer to the JORC Statements in respect of the exploration target. Slide 7
Geological Model Width of Coal Seams East Loopleegte For personal use only Slide 8
Proposed Exploration Programme For personal use only Slide 9
Director on site with the Exploration Manager For personal use only Slide 10
Demand For personal use only Diagram Showing Power Demand and Supply as Forecast by Eskom Eskom expects to raise its coal purchases by about 44.9Mt a year by 2025 (according to Rob Lines, acting GM – Generation Primary Energy Eskom, January 2007) Slide 11
Competitive Advantage & Market Opportunity For personal use only • Proximity to infrastructure – 5km to nearest railway line – 15km to new Medupi Power Plant • Neighbours & potential off-take partners – Sasol JSE listed – Sasol JSE listed – Sekoko major BEE prospecting right holder – Eskom state owned power company – Steel manufacturers • Strategic Partnership with Vuselela Mining (BEE) – access to further acquisitions Slide 12
Reid’s Dome Gas For personal use only • 20% interest in the Reid’s Dome Tenement, • Gas project in the Bowen Basin, onshore Queensland • Maverick will expend approximately $200,000 in the current 12 month period on review, evaluation and development of the Reid’s Dome Project, whilst also evaluating other oil and gas opportunities. • Potential gas target at depth. Slide 13
Gas flow in the upper section (450ft) at Reid’s Dome For personal use only Slide 14
The Company For personal use only Directors & Management Richard Wolanski (Chairperson) - Capital markets, corporate finance and advisory expertise Peter Christie (Non-Executive Director) - 25 years corporate management Peter Pawlowitsch (Executive Director) - Operational, corporate and management Christo Cordier (General Manager) Christo Cordier (General Manager) – Operational and further acquisitions Capital Structure Shares Issued - Total shares 396.0 M - Acquisition (Loopleetge) 98.5 M - Total 494.0 M Options - 1c 65.0M Market Capitalisation (at Aug 08 @ $0.035) AUD $14 M Slide 15
Corporate Milestones For personal use only Milestone Q3 2008 Q4 2008 Q1 2009 Q2 2009 Loopleetge 1 st Phase Exploration 2 nd Phase Exploration Conceptual Mining Plan Reid’s Dome Reid’s Dome Develop work programme Corporate Shareholder Approval – Loopleetge Strengthen Technical personnel Potential Further Acquisitions Slide 16
Summary For personal use only • Unique Coal Company with aggressive path to production • Exploration target to Resource by Q4 2008 – Delineation of 100+Mt resource with 20+ yr mine life • Close to infrastructure and off-take partners • Experienced team - - Capital markets Capital markets - Development experience - Deal flow - Technical support • BEE partners – Proven track record in mining – Access to further acquisitions • Tight capital structure Slide 17
Contact Details For personal use only Head Office Level 24 44 St George’s Terrace Perth WA 6000 Tel: +61 8 9325 2001 Fax: Fax: +61 8 9218 8875 +61 8 9218 8875 Email: peter@maverickdrilling.com.au christo@maverickdrilling.com.au Website: www.maverickdrilling.com.au Slide 18
For personal use only Appendices Appendices Slide 19
Waterberg Coal Region For personal use only Coal Geology Volksrust Formation: The upper portion of the coal deposit. It consists of intercalated mudstone and coal with an average thickness of 60 metres. The coal and mudstone occur in easily identifiable cyclical repetitions of mudstone and coal sequences. Vryheid Formation: This Formation which is about 50 metres thick and forms part of the lower coal measures consisting of mudstones, and sandstones intercalated with coal seams. Slide 20
JORC Statements For personal use only In respect of the exploration targets stated in this presentation, Maverick notes the following; In accordance with section 18 of the JORC Code, Maverick states that the potential quantity and grade of the targeted tonnes of coal is conceptual in nature. There has been insufficient verification of any exploration to define any type of mineral resources under the JORC Code. It is uncertain if further exploration will result in the determination of a mineral resource. The Board of Maverick has considered the information available to it in respect of Loopleegte and states that it does not consider it appropriate to state the existence of any mineral resource or any ore reserve. The information contained in this presentation is merely an exploration target which the Board believes may be achievable given the information available to it. In stating a target range, the Board have based the quantity of such target on the following factors: • the area of Loopleegte (being 1,281 hectares); • the area of Loopleegte (being 1,281 hectares); • the exploration target was calculated using an average 1.9 RD (grams per cubic centimetre); • the underlying rock type belongs to the Karoo System and is normally coal bearing. Holes drilled on the neighbouring properties to the east of Loopleegte have an average width of 34 metres of the Upper Ecca coal zone; • the geology of surrounding region suggests that there is a possibility that coal from the Upper Ecca and Middle Ecca coal zones could extend throughout Loopleegte; and • that the exploration target range stated in this announcement is based upon a conservative average of an Upper Ecca coal zone intersection of between 5 and 10 metres in width on Loopleegte. The Board further states that the potential quantities and grades contained in this presentation are conceptual in nature and that quantities or grades contained in surrounding properties are not necessarily reflective of quantities or grades that may or may not be present on Loopleegte. The Board further state that no exploration has occurred and it is uncertain whether any such future exploration will result in any economic quantities or grades of coal being discovered. Slide 21
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