• GIS Predictive Modelling and Economic Modelling technology that provides a significant competitive advantage when undertaking modern exploration techniques;
• Increases the likelihood of discovery from the industry average of 1:1000 to 1:10;
• Reduces the timeframe of discovery by a number of years; and
• Reduces the cost of exploration and discovery significantly.

Auzex has also identified other target properties currently held by others for acquisition.

Company Strategy

Auzex is focused on becoming and remaining a successful mineral exploration company and believes that the greatest value for shareholders is created by those companies that are involved in the discovery of new mineral resources, as well as their development, rather than acquiring such assets through mergers and acquisitions.

History

Auzex was registered as a proprietary company on 29 September 2003. On 7 July 2005, the Company converted to a public company.

The Company has a wholly owned subsidiary, Auzex Resources (NZ) Pty Ltd, incorporated in New Zealand on 1 October 2003, to be the applicant and holder of the New Zealand Permits.

Prior to listing, Auzex integrated and assessed 79,000 mineral occurrences, 9,324,000 rock geochemical data analyses, 21,912,000 stream sediment geochemical data analyses, 26,360,000 soil geochemical data analyses, 109,000 drill holes and 2,537,000 km2 of geological information in Eastern Australia and the West Coast of New Zealand to produce the prospectivity models used to acquire and target our main mineral assets.

Strategy

The Company's focus is on major gold, molybdenum, tungsten and tin deposits associated with granite. Research over the last 10 years has provided understanding of how these deposits form.

Past exploration for large-scale intrusion-related gold deposits has focused on porphyry copper-type environments as potential hosts, with considerable success (e.g. Cadia and North Parkes in NSW; Grasberg in Indonesia). Regions where the dominant metal species have included elements such as tungsten, tin and molybdenum have traditionally been ignored for gold exploration.

The discovery of the Pogo gold deposit (approx. 5M oz at an average grade of 16g/t gold) in Alaska by Sumitomo in 1995 generated intense interest in this new type of gold deposit, associated with highly-fractionated tin-tungsten-molybdenum magmatic provinces. Auzex is focusing on moderate to deeper-level systems, where the geochemical association between gold and bismuth is very strong, thus providing a useful indicator for assessing prospectivity. These mineral systems tend to be very large; for example Donlin Creek in Alaska has a total endowment in excess of 33M ounces of gold.

Gold-bismuth are not the only economic metal association that occurs in the granite environments on which Auzex is focused. Molybdenum, tin and tungsten are also common, and like gold can form very large disseminated deposits. The recent increase in metal prices make all of these metals attractive economic targets.

updated 17th March, 2011

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