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Publications

A core strength of Martin Place Securities is our knowledge of resources and commitment to indepth resource research.

Care has been taken to ensure that opinions and information are accurate as at the date of release of each report, but once released, reports are not updated. Changes in recommendations may arise because of corporate developments, price changes and market conditions. These changes will not be reflected in the research notes.

Martin Place Securities

An Outlook for Australian Resources
Release Date: February 23, 2010Download
Presentation Barry Dawes 498kb

Slides from the presentation "An Outlook for Australian Resources" delivered by Barry Dawes at the Australian Resources Conference (ARC) USA in Denver in February 2010

Martin Place Securities

Introduction: Australian Resources Conference USA Presentation
Release Date: February 22, 2010Download
Presentation Barry Dawes 86kb

Slides from the Introduction Presenation given by Barry Dawes at the Australian Resources Conference (ARC) USA held in Denver in February 2010

Gold Anomaly

GOA
Gold Anomaly Investment Research
Release Date: February 11, 2010Download
Research Report Andrew McLeod
Howard Humphreys		 319kb

Key Points
• PNG and Brazilian gold projects near production.
• Multimillion ounce exploration potential at Crater Mountain.
• Wide intersections [+100 m] at over 1.5g/t Au at Crater Mountain.
• Low cost, small scale operations planned for each project.
• Production cash flows to finance exploration at Crater Mountain.
• Near term target of 20,000oz pa in both Brazil and Papua New Guinea.
• MPS has a base NPV of $A0.043 per share with exploration upside.

New Guinea Energy Ltd

NGE
New Guinea Energy Investment Research
Release Date: February 5, 2010Download
Research Report Barry Dawes
Wen Jie He
Howard Humphreys		 925kb

KEY POINTS:
• PNG now a world class hydrocarbon province.
• NGE has the largest onshore tenement area in PNG (51,800 km2).
• Risk adj. resource target > 505MMboe from un‐risked 2,500MMboe.
• Risk adjusted base exploration value> A$500m (A$0.75/share).
• Talisman Energy Inc is a key farm‐in partner in PPL 268 and PPL 269.
• Success at PPL 269 Sepalosiphon worth A$1,058m (A$1.59/share).
• Success in PPL 267 Panakawa worth min A$124m (A0.19/share).
• Major international corporate rationalisation underway in PNG.

Falcon Oil & Gas Australia Pty Ltd

Falcon Oil & Gas Investment Summary
Release Date: January 18, 2010Download
Investment Summary Martin Place Securities 640kb

Beetaloo Basin discovery potentially the most significant onshore oil and gas field in Australia.

• Falcon Australia’s Beetaloo Basin Project is 600 km south of Darwin
• Shenandoah-1 encountered multi zone oil and unconventional gas
• The Project’s four permits cover over 28,000km2
• Ryder Scott estimates unrisked recoverable potential of Beetaloo
Basin as 19.1 Bbls oil and 63.9 TCF natural gas
• Falcon Australia owns 100% of Basin
• Renewed drilling programme proposed for 2010
• Listing expected in early 2010

Orocobre Limited

ORE
Orocobre Research Update
Release Date: January 11, 2010Download
Research Report Wen Jie He
Howeard Humphreys		 124kb

ORE has acquired around 42,250 ha of land at its Salar de Olaroz Lithium-Potash Project. The acquisitions cover land that is located around the existing project and increase ORE’s tenement holding to 64,250. Importantly, the tenements ORE has acquired are located directly adjacent to Olaroz’s resource area. The four main packages of land are called The Los Andes Group, Mercedes III, Viento Blanco and Cateo 498-B-2006...

Disclaimer

Our research notes have been prepared with all reasonable care and are not knowingly misleading in whole or in part. The information is obtained from sources which we consider to be reliable but its accuracy and completeness cannot be guaranteed. The opinions and conclusions given are those of Martin Place Securities Pty Limited and are subject to change without notice.

Clients are advised that Martin Place Securities Pty Limited and/or its directors and employees may have already acted upon the recommendations contained in the research notes or made use of all information on which they are based. Martin Place Securities Pty Limited is, or may be providing, or has, or may have, provided within the previous 12 months, significant advice or investment services in relation to some of the investments concerned or related investments. Recommendations may or may not be suitable for individual clients and some securities carry a greater risk than others. Clients are advised to contact their investment advisor as to the suitability of each recommendation for their own circumstances before taking any action.

No responsibility is taken for any losses, including, without limitation, any consequential loss, which may be incurred by clients acting upon such recommendations. The value of securities and the income from them may fluctuate. It should be remembered that past performance is not necessarily a guide to future performance.