Resources Symposium
Broken Hill, May 2014
David W Price, Chief Executive Officer
Feasibility of the
BLUE VEIN GOLD PROJECT
Convergent Minerals Limited Ι ASX: CVG 2
DISCLAIMER
Important Information
This presentation has been prepared by Convergen...
Convergent Minerals Limited Ι ASX: CVG 3
CONVERGENT
Directors and Management
Rob Reynolds Chairman
Glenn Goodacre Non Exec...
Convergent Minerals Limited Ι ASX: CVG 4
LOCATION
Convergent Minerals Limited Ι ASX: CVG 5
1.16 million ounces
Twinings
Group
128,000oz
Bush Pig
Razorback
38,000oz
Van Uden...
Convergent Minerals Limited Ι ASX: CVG 6
BLUE VEIN PROJECT
Convergent Minerals Limited Ι ASX: CVG 7
INFRASTRUCTURE
Water
Borefield
Airstrip
Waste
Dumps
Tailings
Dams
Haul
Roads
Wast...
Convergent Minerals Limited Ι ASX: CVG 8
High grade gold deposit
Blue Vein
364,000oz
Resource Class Oz % Tonnes (t) Au (g/...
Convergent Minerals Limited Ι ASX: CVG 9
Conventional mining and processing
Blue Vein
• High grade resource (5.6g/t Au)
• ...
Convergent Minerals Limited Ι ASX: CVG 10
Pre-feasibility
Pre-feasibility components completed…
• Cyanide leach tests (94....
Convergent Minerals Limited Ι ASX: CVG 11
Untapped potential
Undrilled
Undrilled
Undrilled
Undrilled
Undrilled
Underground...
Convergent Minerals Limited Ι ASX: CVG 12
Organic Growth
Stilton
6m @ 44.6g/t Au
Irish Breakfast
16m @ 4.3g/t Au
Dreadnoug...
Convergent Minerals Limited Ι ASX: CVG 13
A Stand-out Microcap
• Commodity-focused (gold)
• Experienced technical and mana...
Convergent Minerals Limited Ι ASX: CVG
Convergent Minerals Limited
Suite 702, Level 7, 121 Walker Street
North Sydney NSW ...
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Convergent Minerals | ASX:CVG | RIS2014 Broken Hill Investor Presentation

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Convergent Minerals ASX:CVG - Investor presentation delivered at the 4th annual Resources Investment Symposium held in Broken Hill NSW Australia, 26-28 May 2014.

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Transcript of "Convergent Minerals | ASX:CVG | RIS2014 Broken Hill Investor Presentation"

  1. 1. Resources Symposium Broken Hill, May 2014 David W Price, Chief Executive Officer Feasibility of the BLUE VEIN GOLD PROJECT
  2. 2. Convergent Minerals Limited Ι ASX: CVG 2 DISCLAIMER Important Information This presentation has been prepared by Convergent Minerals Limited (“Convergent” or the “Company”). It should not be considered as an offer or invitation to subscribe for, or purchase any, securities in the Company or as an inducement to make an offer or invitation with respect to those securities. This presentation contains forecasts, projections and forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of Convergent’s control. Actual results and developments will almost certainly differ materially from those expressed or implied. Convergent has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. To the maximum extent permitted by applicable laws, Convergent makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information contained or referred to in this presentation. This overview of the Company does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of Convergent’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Competent Person’s Statement The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by David W. Price who is an Officer of the Company. David is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM), and a Member of the Australian Institute of Geoscientists (MAIG). David has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. David consents to the inclusion in this presentation of the matters based on the information in the form and context in which it appears. The information in this Document that relates to Mineral Resources at Blue Vein is based on information compiled by Robin Rankin, who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and accredited as a Chartered Professional (CP) by the AusIMM in the Geology discipline. Robin Rankin is Principal Consulting Geologist and operator of independent geological consultancy GeoRes. He has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code). He consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.
  3. 3. Convergent Minerals Limited Ι ASX: CVG 3 CONVERGENT Directors and Management Rob Reynolds Chairman Glenn Goodacre Non Executive Director John Haggman Non Executive Director David Price Chief Executive Officer Hamlet Hacobian Chief Financial Officer ASX Code: CVG Quoted on ASX 18 December 2006 Ordinary Shares 350.3 million Unlisted Options 6.5 million Market Cap ($0.01) - Undiluted $3.5 million Range (12 months) $0.007 - $0.024 Cash on hand (31 Mar 2014) $0.35 million** Shareholder Shares (M) % Rogo Investments Pty Ltd 21.3 6.1 Navigator Australia Ltd 19.1 5.5 Bellarine Gold Pty Ltd 12.5 3.6 Technica Pty Limited 11.0 3.1 Blue Lake Resources P/L 9.7 2.8 Directors 31.8 9.1 ** $2.5m raised as announced on 30 April, 2014
  4. 4. Convergent Minerals Limited Ι ASX: CVG 4 LOCATION
  5. 5. Convergent Minerals Limited Ι ASX: CVG 5 1.16 million ounces Twinings Group 128,000oz Bush Pig Razorback 38,000oz Van Uden 238,000oz (80% CVG) Victory 18,000oz Bounty Group 380,000oz Blue Vein 364,000oz
  6. 6. Convergent Minerals Limited Ι ASX: CVG 6 BLUE VEIN PROJECT
  7. 7. Convergent Minerals Limited Ι ASX: CVG 7 INFRASTRUCTURE Water Borefield Airstrip Waste Dumps Tailings Dams Haul Roads Waste Dumps Mains Electricity Haul Roads Waste Dumps Old CIP Plant
  8. 8. Convergent Minerals Limited Ι ASX: CVG 8 High grade gold deposit Blue Vein 364,000oz Resource Class Oz % Tonnes (t) Au (g/t) Au (oz) Measured 39% 1,828,000 2.41 142,000 Indicated 22% 1,153,000 2.14 79,000 Inferred 39% 1,467,000 3.04 143,000 Total 4,448,000 2.55 364,000 Measured 37% 422000 5.84 79000 Indicated 18% 199000 5.76 37000 Inferred 45% 337000 8.72 95000 Total 958,000 6.84 211,000 Measured 35% 228000 7.7 57000 Indicated 16% 104000 7.7 26000 Inferred 48% 199000 12.27 78000 Total 531,000 9.41 161,000 0.5g/t cut 3.0g/t cut Blue Vein JORC Mineral Resource - October 2012 4.5g/t cut
  9. 9. Convergent Minerals Limited Ι ASX: CVG 9 Conventional mining and processing Blue Vein • High grade resource (5.6g/t Au) • In-pit decline access proposed • Underground mining • On-site gravity, CIP leach scoped • Plant capital cost <$21 million • Optimised throughput 300,000tpa • Planned production 42,000oz gold • C1 (cash costs only) = ~A$800/oz • Initial mine life of 2.5 years
  10. 10. Convergent Minerals Limited Ι ASX: CVG 10 Pre-feasibility Pre-feasibility components completed… • Cyanide leach tests (94.8% recovery) • Crushing Work Index (Cwi) • Bond Ball Work Index (BBwi) • Bond Rod Work Index (BRWi) • Grind size tests • Gravity concentration (46% recovery) • Process Design Flowsheet • Point Load Index (PLi) • UCS and TCS tests • Underground mine design • Stope optimisation • Underground scheduling optimisation
  11. 11. Convergent Minerals Limited Ι ASX: CVG 11 Untapped potential Undrilled Undrilled Undrilled Undrilled Undrilled Underground Mine Plan • Steep orebody • Average true width 3m • Average gold grade 5.60g/t • Uphole Benching method • Simple in-pit decline • 20m stope height • Designed to 300m initially • 2.5-year initial mine life • Drilling from underground to increase mine life to +5 years 500m
  12. 12. Convergent Minerals Limited Ι ASX: CVG 12 Organic Growth Stilton 6m @ 44.6g/t Au Irish Breakfast 16m @ 4.3g/t Au Dreadnought 4m @ 4.4g/t Au Victory 15m @ 5.2g/t Au Defiance 5m @ 6.42g/t AuDrake 9m @ 5.23g/t Au Exile 4m @ 10.3g/t Au Blue Vein Van Uden
  13. 13. Convergent Minerals Limited Ι ASX: CVG 13 A Stand-out Microcap • Commodity-focused (gold) • Experienced technical and management team • Proven producing goldfield • Scoping study completed • Feasibility phase commenced • Excellent Infrastructure • Close to Perth • 1.16Moz gold in JORC resource • Substantial exploration upside
  14. 14. Convergent Minerals Limited Ι ASX: CVG Convergent Minerals Limited Suite 702, Level 7, 121 Walker Street North Sydney NSW 2060 Phone: +61 (0)2 9956 8750 Contact Us info@convergentminerals.com www.convergentminerals.com
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