Unity Mining Limited 1
Presentation Title
Date
Dargues Gold Mine
Mining NSW
June 2013
Unity Mining Limited 2
Disclaimer
This presentation has been prepared by Unity Mining Limited (“Company”). The material co...
Unity Mining Limited 3
• Dargues Gold Mine Update
• Unity Mining Update
• Exploration
Presentation Outline
Unity Mining Limited 4
Dargues Gold Mine Update
• Over the past 12 months
• Approval to use Paste Fill
• Development Appro...
Unity Mining Limited 5
Dargues Gold Mine Development Project
1. Includes >25% dilution
Location and
Ownership
Located in N...
Unity Mining Limited 6
Dargues Gold Mine Site Plan
Unity Mining Limited 7
Boxcut
Unity Mining Limited 8
Unity Mining Limited 9
Unity Mining Limited 10
Unity Mining Limited 11
Drilling to blast lower fresh rock section Boxcut
Unity Mining Limited 12
Rom Pad, Haul Road
Unity Mining Limited 13
Cortona Resources – Unity Mining Merger
Rationale for the Merger;
• Combination of Unity’s operati...
Unity Mining Limited 14
Unity Mining
Key Dates
1985 IPO: Company lists on the ASX as Bendigo Mining.
1992 Consolidates own...
Unity Mining Limited 15
Overview
• Four key assets:
• Henty Gold Mine (Tasmania) – Producing 50koz/year, 5 year mine life,...
Unity Mining Limited 16
Clive Jones
Non-Executive
Chairman
Geologist with over 25 years’ experience in the minerals indust...
Unity Mining Limited 17
Corporate
• ASX: UML
• Share price: $0.08, 12mth High/Low : $0.155/$0.062
• 702M ordinary shares
•...
Unity Mining Limited 18
• Located in mineral-rich Mt Read Volcanic
Belt on the West Coast of Tasmania
• 1996 Goldfields co...
Unity Mining Limited 19
Henty overview
300,000 t/y conventional gold plant
Shaft and decline access
Conventional mining & ...
Unity Mining Limited 20
Henty - Long Section
Unity Mining Limited 21
Majors Creek Goldfield
Gold Discovered 1851
>1.2Moz recovered
Unity Mining Limited 22
Prospects within 2km of Dargues Reef
• Ruby Lode
• Carmine
• Thompsons
• Nightingale and Redbank.
...
Unity Mining Limited 23
Dargues Exploration Upside
• RUBY LODE
• 150m north of Dargues
Reef:
• 12.6m @ 9.90g/t & 5m @
10.6...
Unity Mining Limited 24
Ruby Lode
Unity Mining Limited 25
Shingle Hut
• Along strike to west
of Dargues
• Strong soil anomaly
• 1.7g/t and 1.4 g/t Au
Rock c...
Unity Mining Limited 26
• A significant
geochemical anomaly
2km east of Dargues Reef.
• Very large arsenic-in-soils
anomal...
Unity Mining Limited 27
A copper-molybdenum-gold-
silver (Cu-Mo-Au-Ag)
anomaly ~20km north of
Dargues Reef.
This prospect ...
Unity Mining Limited 28
Unity’s Growth strategy
• Focused on diversifying production and growing the
business
• Continuing...
Unity Mining Limited 29
• Henty on track to deliver 40-50,000 oz in FY13
• Read Zone shaping up as a significant contribut...
Unity Mining Limited 30
Presentation Title
Date
Thank you
Unity Mining Limited 31
Resources and Reserves
Mineral Resources Estimate at 31 December 2012
kt g/t gold koz kt g/t gold ...
Unity Mining Limited 32
The Company estimates its Mineral Resources and Ore Reserves in accordance with the Australasian C...
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Greg Cozens, Project Manager, Dargues Gold Mine - Dargues Gold Mine – Development and Exploration

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Greg Cozens, Project Manager, Dargues Gold Mine delivered the presentation at the 2013 Mining NSW Conference.

The 2013 Mining NSW Conference looked at mine exploration and development opportunities in Central NSW and the Northern Tablelands with a spotlight on capital raising outlook and overseas investment.

For more information about the event, please visit: http://www.informa.com.au/miningnsw13

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Greg Cozens, Project Manager, Dargues Gold Mine - Dargues Gold Mine – Development and Exploration

  1. 1. Unity Mining Limited 1 Presentation Title Date Dargues Gold Mine Mining NSW June 2013
  2. 2. Unity Mining Limited 2 Disclaimer This presentation has been prepared by Unity Mining Limited (“Company”). The material contained in this presentation has been prepared for information purposes only, and is not an offer, invitation or recommendation for subscription or purchase of securities in the Company. This presentation may contain certain forward-looking statements regarding (i) estimated resources and reserves, (ii) planned production and operating costs profiles, (iii) planned capital requirements and (iv) plans, strategies and corporate objectives. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Unity Mining Limited. The forward-looking statements are inherently uncertain and may therefore differ materially from results ultimately achieved. External and other factors may impact the Company and affect the forward-looking statements in this release since its preparation. Subject to applicable law and stock exchange listing rules, Unity Mining does not intend to publicly update any of the forward-looking statements or any assumptions on which any such forward-looking statement is made. The Company estimates its Mineral Resources and Ore Reserves in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2004 Edition (“JORC Code”), which governs such disclosures by companies listed on the Australian Securities Exchange.
  3. 3. Unity Mining Limited 3 • Dargues Gold Mine Update • Unity Mining Update • Exploration Presentation Outline
  4. 4. Unity Mining Limited 4 Dargues Gold Mine Update • Over the past 12 months • Approval to use Paste Fill • Development Approval for the Parkes Processing Plant • Pre start environmental monitoring, compliance and audit • Finalisation of Management Plans • Final selection of earthmoving contractors • Merger with Unity Mining announced 28 September 2012 • Merger finalised 23 January 2013 • Excavation of the boxcut and access road construction commenced on February 11 2013 • ROM Pad, Haul Road construction completed • Commenced earthworks for Mine infrastructure area • Final design review for Process Plant.
  5. 5. Unity Mining Limited 5 Dargues Gold Mine Development Project 1. Includes >25% dilution Location and Ownership Located in New South Wales, approx. 60km south- east of Canberra Unity: 100% Mining and Processing Remarkable continuity of grade and mineralisation Conventional top-down long-hole open stoping mining method Onsite 330ktpa processing plant producing gravity gold and gold-silver pyrite concentrate and off-site CIL processing to produce doré Pre-production capital and other costs of ~$80 million History Acquired by Cortona in July 2007 BFS completed in November 2010 Resources and Reserves Reserves: 1.4Mt @ 5.2 g/t1 for 233,000 ounces Resources: 1.6Mt @ 6.3 g/t for 327,000 ounces Production Target average annual production of 50,000 ounces of gold at an estimated cash cost of ~$700 per ounce Initial life of mine of 5+ years to yield ~250,000 ounces of gold Development Status Fully permitted and ready to start Production to commence 13 months after start of construction
  6. 6. Unity Mining Limited 6 Dargues Gold Mine Site Plan
  7. 7. Unity Mining Limited 7 Boxcut
  8. 8. Unity Mining Limited 8
  9. 9. Unity Mining Limited 9
  10. 10. Unity Mining Limited 10
  11. 11. Unity Mining Limited 11 Drilling to blast lower fresh rock section Boxcut
  12. 12. Unity Mining Limited 12 Rom Pad, Haul Road
  13. 13. Unity Mining Limited 13 Cortona Resources – Unity Mining Merger Rationale for the Merger; • Combination of Unity’s operating Henty Gold Mine in Tasmania and substantial cash holding with Cortona’s near term development Dargues Reef Gold Project in New South Wales. • The financial and operational strength to underpin the development of Dargues Reef, reflecting Unity’s strong cash reserves, production and cash flow from Henty and a credit approved $42million funding package. • A combined growth profile showing production increasing from around 50,000 ounces per annum to around 100,000 ounces per annum once Dargues Reef achieves full production. • The financial resources to more aggressively explore the attractive exploration interests of the combined company in Tasmania and New South Wales.
  14. 14. Unity Mining Limited 14 Unity Mining Key Dates 1985 IPO: Company lists on the ASX as Bendigo Mining. 1992 Consolidates ownership: Acquires 100% of Bendigo goldfield from WMC Ltd. 2006 First production from Bendigo – Kangaroo Flat. 2009 Purchase of the Henty Gold Mine: from Barrick (PD) Australia. 2010 Strategic Alliance with GoldStone Resources: Africa. 2010 Gold Production of 79,827 oz: from Henty and Bendigo. 2010 Company renamed Unity Mining Limited. 2011 Increases stake in GoldStone Resources to 33%. 2011 Kangaroo Flat mine placed on Care and Maintenance. 2012 Announces Merger with Cortona Resources. 2013 Commenced Development of Dargues Gold Mine.
  15. 15. Unity Mining Limited 15 Overview • Four key assets: • Henty Gold Mine (Tasmania) – Producing 50koz/year, 5 year mine life, strong potential to extend • Development-ready Dargues Reef Gold Project in NSW - 50,000 oz/y, 5 year initial mine life, with exploration upside. Earthworks are underway; targeting first gold in H1 2014. • 34% holding in Goldstone Resources – AIM listed, 602 koz Mineral Resource, exploration programs underway in Ghana, Senegal and Gabon • Bendigo Goldfield (Victoria) – 22 Moz historical production • Cash & Bullion $33.6m (31 March 2013), no debt or hedging • Clear path to value creation for shareholders through recently completed merger with Cortona Resources (ASX: CRC) • Planned relocation plant & equip. from Bendigo to reduce lead time & capex at Dargues project, c.$5M in capital savings to date, with further savings expected • On track to become a diversified mid-tier gold producer – 100,000 oz/y production profile Unity Mining Limited is an Australian listed gold producer and explorer that is generating strong positive cashflow and has significant potential to grow both organically and through acquisitions
  16. 16. Unity Mining Limited 16 Clive Jones Non-Executive Chairman Geologist with over 25 years’ experience in the minerals industry Formerly Non-Executive Chairman and founding director of Cortona Joint Managing Director of Cazaly Resources Limited, Chairman of Corazon Mining Limited and Non-Executive Director of Bannerman Resources Limited Andrew McIlwain Managing Director and Chief Executive Officer Mining engineer with 25 years’ experience in the mining industry Formerly at Mount Isa Mines Limited, Central Norseman Gold Corporation, WMC Resources and Lafayette Mining Limited Joined Unity in December 2011 Ronnie Beevor Non-Executive Director Investment banker with vast experience in the natural resources industry Former head of investment banking at N M Rothschild & Sons (Australia) Limited between 1997 and 2002 Joined the Unity board in November 2002 David Ransom Non-Executive Director Geologist with 35 years’ experience in the minerals industry Resource analyst and principal of Acorn Capital Limited, a Melbourne-based microcap investment manager Joined the Unity board in November 2007 Unity Mining - Board of Directors
  17. 17. Unity Mining Limited 17 Corporate • ASX: UML • Share price: $0.08, 12mth High/Low : $0.155/$0.062 • 702M ordinary shares • Mkt Cap: A$56 million • Cash & Bullion: A$33.6 million (31 March 2013) • No debt, no hedging • Substantial shareholders • LionGold 13.2%
  18. 18. Unity Mining Limited 18 • Located in mineral-rich Mt Read Volcanic Belt on the West Coast of Tasmania • 1996 Goldfields commences production • 2000s - 5 different owners in 10 years – Goldfields, AurionGold, Placer Dome, Barrick and now Unity • Significant ground position – Now hold ~160 km2 (~30 km2 in July ’09) – Firetower farm-in adds further 264 km2 Henty overview
  19. 19. Unity Mining Limited 19 Henty overview 300,000 t/y conventional gold plant Shaft and decline access Conventional mining & equipment Resources 338 koz (31 Dec 2012) Reserves 133 koz (31 Dec 2012) FY12 50,058 oz/y production rate at $982/oz 100 employees + 60 contractors
  20. 20. Unity Mining Limited 20 Henty - Long Section
  21. 21. Unity Mining Limited 21 Majors Creek Goldfield Gold Discovered 1851 >1.2Moz recovered
  22. 22. Unity Mining Limited 22 Prospects within 2km of Dargues Reef • Ruby Lode • Carmine • Thompsons • Nightingale and Redbank. • Copper Ridge incl Shingle Hut • Dreadnought • Excalibur • Doubloon • Old Mines – Snobs, S&M, United Miners, Camages Dargues Exploration Upside
  23. 23. Unity Mining Limited 23 Dargues Exploration Upside • RUBY LODE • 150m north of Dargues Reef: • 12.6m @ 9.90g/t & 5m @ 10.6g/t • Recent drilling 5m @ 6.77 g/t Au • Open along strike and at depth • Not in Resource model - potential to add resource ounces, near term production and mine life
  24. 24. Unity Mining Limited 24 Ruby Lode
  25. 25. Unity Mining Limited 25 Shingle Hut • Along strike to west of Dargues • Strong soil anomaly • 1.7g/t and 1.4 g/t Au Rock chip • Diorite dyke • Drilling 2m @ 3.8g/t Au Copper Ridge - Shingle Hut
  26. 26. Unity Mining Limited 26 • A significant geochemical anomaly 2km east of Dargues Reef. • Very large arsenic-in-soils anomaly, measuring 2,000m x 500m, with coincident molybdenum, gold and silver mineralisation. First-pass drill results included 1m @ 2.76g/t gold and 5.1g/t silver from 23m down-hole. Doubloon
  27. 27. Unity Mining Limited 27 A copper-molybdenum-gold- silver (Cu-Mo-Au-Ag) anomaly ~20km north of Dargues Reef. This prospect was a generated from a geophysical interpretation, mapping, soil and rock chip sampling, and RC drilling at Napoleon, all of which have enhanced levels of these metals. The mineralisation is associated with the porphyritic Eurodux Granite, which has intruded into the Braidwood Granodiorite, Euradux - Napoleon
  28. 28. Unity Mining Limited 28 Unity’s Growth strategy • Focused on diversifying production and growing the business • Continuing review of potential partners and projects in Australia and West Africa
  29. 29. Unity Mining Limited 29 • Henty on track to deliver 40-50,000 oz in FY13 • Read Zone shaping up as a significant contributor to future production at Henty • Construction of Dargues Gold Mine commenced • Combined production from Henty and Dargues to transform Unity into a diversified, mid-tier gold producer • 100,000 oz/y production profile • Significant resource/reserve position with excellent scope to further increase • GoldStone exploration yielding results • Majors Creek – significant exploration targets • Positioned for further growth Conclusion
  30. 30. Unity Mining Limited 30 Presentation Title Date Thank you
  31. 31. Unity Mining Limited 31 Resources and Reserves Mineral Resources Estimate at 31 December 2012 kt g/t gold koz kt g/t gold koz kt g/t gold koz kt g/t gold koz Henty 1830 4.7 276 174 9.3 52 57 5.5 10 2061 5.1 338 Lakeside 750 2.8 66 750 2.8 66 Dargues 378 7.2 88 818 6.8 179 420 4.5 61 1616 6.3 327 Measured Indicated Inferred Total Ore Reserves Estimate at 31 December 2012 kt g/t gold koz kt g/t gold koz kt g/t gold koz Henty 635 4.6 94 143 8.5 39 778 5.3 133 Lakeside Dargues 476 5.3 81 913 5.2 152 1389 5.2 233 Probable TotalProved The following statement of Mineral Resources and Ore Reserves conforms to the Australasian Code for Reporting Exploration, Mineral Resources and Ore Reserves (JORC code) 2004 Edition. Minor discrepancies may occur due to rounding to appropriate significant figures. The Ore Reserves are a subset of Mineral Resources. All tonnages reported are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures.
  32. 32. Unity Mining Limited 32 The Company estimates its Mineral Resources and Ore Reserves in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2004 Edition (“JORC Code”), which governs such disclosures by companies listed on the Australian Securities Exchange. Competent Person’s Statement - Unity Mining Any information in this public report that relates to Ore Reserves, Mineral Resources or Exploration Results is based on, and accurately reflects, information compiled by Matt Daly in relation to Ore Reserves at Henty, Rob McLean in relation to Ore Reserves at Dargues, Raul Hollinger in relation to Mineral Resources at Henty, John Collier in relation to Mineral Resources at Dargues, and Angela Lorrigan in relation to Exploration Results. Daly, McLean, Hollinger, Collier and Lorrigan are Members of the Australasian Institute of Mining and Metallurgy, and Hollinger is a Member of the Australian Institute of Geoscientists. Daly, McLean, Hollinger, Collier and Lorrigan are a full time employees of the Company and have more than five years’ experience in the style of mineralisation and type of deposit under consideration and to the activity which they undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Daly, McLean, Hollinger, Collier and Lorrigan have given prior written consent, where required, to the inclusion in this report of the matters based on their respective information, where applicable, in the form and context in which it appears. Competent Person’s Statement - GoldStone Resources Any information in this report that relates to exploration results, is based on information compiled by Dr Hendrik Schloemann, who is a Member of the South African Council for Natural Scientific Professions (a Recognised Overseas Professional Organisation (‘ROPO’) included in a list promulgated by the ASX from time to time) . Dr Schloemann is a full-time employee of GoldStone Resources Limited. Dr Schloemann 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’”). Dr Schloemann consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Competent Person’s Statements
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