MacPhersons Resources Limited- Resources & Energy Symposium 2012

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  • 1. RES Broken Hill Symposium May 2012
  • 2. Disclaimer• The information contained in this presentation has been prepared by MacPhersons Resources Ltd (MRP). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MRP. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act.• While the information contained in this presentation has been prepared in good faith, neither MRP nor any of its directors, officers, employees, agents or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of MRP, its directors, officers, employees, agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.• This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks, uncertainties and other factors, many of which are outside the control of MRP, can cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, commodity price volatility, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation.• Investors are cautioned that any forward looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward looking statements made.• Exploration targets are conceptual in nature and drilling may not convert these to resources. 2 May 2012 – RES Broken Hill Symposium
  • 3. 3May 2012 – RES Broken Hill Symposium
  • 4. CorporateASX Code: MRPASX Listed: 24 December 2010Ordinary Shares: 215 million MRPUnlisted Options: 22 millionMarket Cap: A$75m at 35 centsCash: A$11mProjects100% Nimbus Silver-Gold-Zinc VHMS XMM100% Boorara/Coolgardie Gold AssetsSubstantial ShareholdersDirectors/Management: 37% 4 May 2012 – RES Broken Hill Symposium
  • 5. Bund Wall ~R3 Optimised Pit Model Nimbus Statistics (2007 – by private company) Tonnes: 318,992 tonnes Average Grade: 352 g/t silver Production: 3.6 Moz silver Operating Cost: $6.54 / oz Average Sell Price: $9.07 / oz 2012 Price: $30-$37 / oz (90 day range) 9.4 Moz Silver & 32,700 tonnes Zinc 5 May 2012 – RES Broken Hill Symposium 9 additional Ag and polymetallic deposits
  • 6. Nimbus Video 2 1 3 6 May 2012 – RES Broken Hill Symposium
  • 7. Our Opportunities – 9 Deposits JORC Mineral Resource 9.4 Moz Ag + 32.7Kt Zn Mineral Resource Category Tonnes Grade (g/t Ag) Ounces Ag Measured Stockpile 142,000 65 0.3M Inferred Oxide 120,000 75 0.3M Inferred Transitional 510,000 125 2.1MInferred Primary to 260m depth 1,690,000 124 6.7M 9.4M TOTAL 2,462,000 May 2012 – RES Broken Hill Symposium 119 7 + 32.7KT Zinc
  • 8. 8May 2012 – RES Broken Hill Symposium
  • 9. 9May 2012 – RES Broken Hill Symposium
  • 10. Third VHMS Lens Potential In Progress 10 May 2012 – RES Broken Hill Symposium
  • 11. 180 11May 2012 – RES Broken Hill Symposium
  • 12. Target – Leading Silver Producer Current Mill Capacity – 180ktpa 2013 – Mill Expansion – 480ktpa 2014 – Sulphide Plant – Zinc Conc 12 May 2012 – RES Broken Hill Symposium
  • 13. Nimbus Exploration Potential 13 May 2012 – RES Broken Hill Symposium
  • 14. Merged Big Pit on 2014 ZincR10 / Pit shell 28 - $124M uNPV $30/oz Ag - $ 91M uNPV $35/oz Ag - $124M uNPV $40/oz Ag - $151M uNPV 2014 Zn/Ag - $240M uNPVThird LensPotential Pit 14 May 2012 – RES Broken Hill Symposium
  • 15. Silver Resource Target 15 May 2012 – RES Broken Hill Symposium
  • 16. Boorara Gold Project 16 May 2012 – RES Broken Hill Symposium
  • 17. Key Assets - Points of Difference• Move to Producer• Polymetallic• Silver - Gold - Zinc ASX: MRP Price: 35 cents Mkt Cap: A$75m www.MRPresources.com.au 17 May 2012 – RES Broken Hill Symposium
  • 18. Supporting Information• The following slides provide supporting information May 2012 – RES Broken Hill Symposium
  • 19. PeopleChairman (Executive) Managing Director (Executive)Ashok Parekh Morrie GoodzBBus, FCA, AIMM, FTIA MSc (Mining Geol), MBA, FAIMMChartered Accountant Cert Mine Manager33 years experience Geologist – 34 years experienceCoordinates assets for IPOs Discovered/designed 4 decline minesNon-Executive Director Company SecretaryJeffrey Williams Stephen Hewitt-DuttonBSc (Mining Eng), MBA, FAIMM BBus, CA, SA FinMining Engineer – 39 yrs experience Chartered Acct – 18 years experienceFounder – Mineral Deposits (MDL) Specialist – Mergers & AcquisitionsOperations Management Project MetallurgistRon Ellis Adrian HallBSc (Mining Eng) BSc (Extractive Metallurgy)Cert Mine Manager 10 years experience25 years experience Commissioned 4/6 processing facilitiesManager of Operating Mines 19 May 2012 – RES Broken Hill Symposium
  • 20. Competent Person StatementThe information in this presentation that relates to mineral resources andexploration results is based on information compiled by Mr Morrie Goodz,who is a Fellow of the Australasian Institute of Mining and Metallurgy. MrMorrie Goodz is a full time officer of MacPhersons Resources Ltd and hassufficient experience which is relevant to the style of mineralisation andtype of deposit under consideration, and to the activity which he isundertaking, to qualify as a Competent Person as defined in the 2004edition of the “Australasian Code for Reporting of Exploration Results,Mineral Resources and Ore Reserves”. Mr Goodz has given his consentto the inclusion in this presentation of the matters based on theinformation in the form and context in which it appears. 20 May 2012 – RES Broken Hill Symposium
  • 21. Elephant Country 21 May 2012 – RES Broken Hill Symposium
  • 22. Target Plan to Production • Nimbus Silver-Gold-Zinc Mines  Mill recommission – 2012  New Merrill Crowe – Q1 2013  Pit cutbacks and tailings processing  9 Massive Sulphide VHMS lenses  2012 - 2014 • Boorara – Coolgardie Gold Projects  Tycho pit optimisation and mine plan  MacPhersons JORC update  Boorara – Mt Monger shear zones 22 May 2012 – RES Broken Hill Symposium
  • 23. Discovery Pit 23May 2012 – RES Broken Hill Symposium
  • 24. Silver Bars produced at Nimbus 24 May 2012 – RES Broken Hill Symposium
  • 25. Classified Resources Unclassified Resources 200 - 1000 g/t silverPotential to Increase ResourcesAlong Strike to Discovery Pit May 2012 – RES Broken Hill Symposium 25
  • 26. Measured Resource 26 May 2012 – RES Broken Hill Symposium
  • 27. 27May 2012 – RES Broken Hill Symposium
  • 28. Third VHMS Lens 28 May 2012 – RES Broken Hill Symposium
  • 29. Nimbus Silver Pits• Mining completed 2006 - 2007 to top of supergene zone• 3.6 million ounces silver at 352 g/t (11.4 oz/t silver or 9 g/t gold equiv)• Ore was still exposed in all 4 leading pit faces and pit floor May 2012 – RES Broken Hill Symposium
  • 30. 30May 2012 – RES Broken Hill Symposium
  • 31. Boorara Proposed Open Pit SignificantWireframes >350 g/t Silver gold deposit within 2km of Nimbus 7m @ 112g/t gold (incl 1m @ 738g/t gold) 500m north of CAT 31 May 2012 – RES Broken Hill Symposium
  • 32. Coolgardie Gold Project 32 May 2012 – RES Broken Hill Symposium
  • 33. Coolgardie Gold Project 33 May 2012 – RES Broken Hill Symposium
  • 34. Pit Design Study Under Way Tycho Pit OptimisationQ4 2011 Projects• Tycho JORC Update• Metallurgical Testwork• Pit Model Study• Complete MacP Drill Program Blue and white blocks are classified resource February 2012 – Corporate Update
  • 35. Video Flyover (on-line) 35 May 2012 – RES Broken Hill Symposium