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Developing Gold Projects in Tanzania and Namibia

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Objective Capital's Global Resources Investment Forum 2012
Ironmongers' Hall, City of London
25 September 2012
Speaker: Richard Williams, Helio Resource

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Developing Gold Projects in Tanzania and Namibia

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  14. 14. /2!r!)(!ab?;:;!-&2%(0).!#0! J%%-,9$58(]-Z8%*$)-&9-^0_- S8)$-N8)$- ^`)&.$-N8)$a- *KQP!CEDG!FGC!&THDG! h;Uae:! h;Uae:! )$! hgeXi2! h;amX;2! (++! 9ak! 9bk! CG?FCKPTDJKH!-0#4;! h;::2! h;9i2! /T=<IEHEHS!-IFE<IQ;! hab2! hm;2! .K<IQ!*KQP!CKPTDGP!jKTHDG=l! e;:U:::! g:bU:::! %ENG!KN!2EHG!jMGIC=l! o! ;:! CKDG==EHS!-IFIDE<M!jKCGZMGICl! ;Xm2<! 9Xa2<! -I=B!&FGCIJHS!-K=<!;9!j6/hZ<!FCKDG==GPl!! hbaXma! hb;Xai! .K<IQ!-I=B!-K=<!jEHDQX!ek!CKMIQ<M!n!;ek!DKHJHSGHDM!! hg:iX::! hiooX::! "E=DKTH<!+I<G! gk! gk! /-&9+%*.&9C-/GM-+9Y9C$9+]- - -;&9+%*.&9C-(]8%5]----- v.BG! 6F=EPG!-I=G CGTECG=!SGK<GDBHEDIQ!PCEQQEHS!<K!DKH]CL!<BG!@EIVEQE<M!KN!I!ee!PGSCGG!FE<OIQQU!IQQKOEHS! G><CIDJKH!KN!fg::U:::!KTHDG=X!<=>?@ABCD!!!!"#$%&($)*(+$"+,--- )%&.$-/;-
  15. 15. /2!r!/#)/(.($(.5!.&!*&%"!+(-#! Base Case Scenario -20% -10% 0% +10% +20% Gold Price /oz $1,160 $1,305 $1,450 $1,595 $1,740 NPV ($9.4M) $38.1M $85.7M $133.2M $180.7M IRR 6% 16% 24% 31% 38% Upside Scenario* -20% -10% 0% +10% +20% Gold Price /oz $1,160 $1,305 $1,450 $1,595 $1,740 NPV $4.8M $75.5M $146.1M $216.7M $287.4M IRR 9% 16% 23% 30% 36% v.BG! 6F=EPG!-I=G CGTECG=!SGK<GDBHEDIQ!PCEQQEHS!<K!DKH]CL!<BG!@EIVEQE<M!KN!I!ee!PGSCGG!FE<OIQQU!IQQKOEHS! G><CIDJKH!KN!fg::U:::!KTHDG=X!<=>?@ABCD!!!!"#$%&($)*(+$"+,--- )%&.$-/P-
  16. 16. /2!r!)#7!8(*8!*+0"#!.0+*#./! !!P,-C(8.&9C-LCI5-J*-<=>?@ABCD!!!!"#$%&($)*(+$"+,- )%&.$-/O-
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