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1640 phillip bruce


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1640 phillip bruce

  1. 1. GOLD SYMPOSIUMNovember 2011 1
  2. 2. DISCLAIMERThe information provided in this presentation is not intended to be a comprehensive review of all matters and developmentsconcerning the Company. It should be read in conjunction with all other disclosure documents of the Company. Theinformation contained herein is not a substitute for detailed investigation or analysis. No securities commission norregulatory authority has reviewed the accuracy or adequacy of the information presented.This presentation contains forward-looking statements which address future events and conditions which are subject tovarious risks and uncertainties. The Company’s actual results, programs and financial position could differ materially fromthose anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond theCompany’s control. These factors include: the availability of funds, the timing and content of work programs, results ofexploration activities and development of mineral properties, the interpretation of drilling results and other geological data,the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, project cost overruns orunanticipated costs and expenses, fluctuations in metal prices, currency fluctuations, and general market and industryconditions.HEG owns a minimum of 85% in the Hill End tenements encompassed by the previous EL2037 and 100% of all othergranted tenements.Forward-looking statements are based on the expectations and opinions of the Company’s management on the date thestatements are made. The assumptions used in the preparation of such statements, although considered reasonable at thetime of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-lookingstatements.Competent Persons’ StatementThe information in this report that relates to Mineral Resources is based on information compiled by Mike Quayle and PhilipBruce and for Exploration results is based on information compiled by Stuart Munroe and Philip Bruce. Mr Quayle is aMember of The Australian Institute of Geoscientists and was a full-time geological employee of HEG. Dr Munroe is aMember of the Australasian Institute of Mining and Metallurgy and Mr Bruce is a Fellow of the Australasian Institute ofMining and Metallurgy and both are full-time employees of HEG. Mr Quayle, Dr Munroe and Mr Bruce have sufficientexperience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity whichthey are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reportingof Exploration Results, Mineral Resources and Ore Reserves’ (The JORC Code). Mr Quayle, Dr Munroe and Mr Bruceconsent to the inclusion of the matters based on their information in the form and context in which it appears. 2
  3. 3. LOCATIONLAOSLak Sao ProjectAUSTRALIA : Hill End / Hargraves Murray Basin
  4. 4. CORPORATE PROFILE• Proven gold belt in Lachlan Fold Belt NSW• Three advanced projects over 550,000oz• Exploration and development studies• Potential to become a mid-tier gold producer• Long term goal 4-5m ounces• Acquisition of high potential projects Board of Directors ManagementCurrent Share Price 2.6 cents Denis Clarke, Steve Peterson, Non-Executive Chairman Chief Financial OfficerIssued Capital 485.8 million Philip Bruce, Kevin Lynn, Managing Director Company SecretaryOptions 49.5 million Graham Reveleigh, Stuart Munroe,Market Capitalisation A$13 million Non-Executive Director Exploration ManagerCash ~A$2 million Bruce Thomas, Jim Shanahan, Non-Executive Director Site Manager, Hill End Ian Daymond, Non-Executive Director 4
  5. 5. KEY INVESTMENT HIGHLIGHTS• Large tenement holdings over prolific goldfields in NSW• Current 550,000 ounce resource at Hill End and Hargraves• Three advanced projects at Reward, Red Hill and Big Nugget Hill• Focus on medium-term development• Long-term goal of 4 – 5 million ounces gold• Experienced and proven Board and management team 5
  6. 6. RESOURCE PROGRESS• Drilling to date on limited strike of only three deposits• Resources increased and consolidated• Increasing confidence leading to pre-feasibility 600000 500000 Indicated 400000 300000 200000 Inferred 100000 0 2006 2007 2008 2009 2010 2011 6
  7. 7. RESOURCE SUMMARYas at October 2011 Tonnes Grade Contained g/t gold gold oz Hargraves Big Nugget Hill Indicated 1,262,000 3.5 143,000 Inferred 944,000 2.6 78,000 Sub-total 2,206,000 3.1 221,000 Hill End Hawkins Hill – Reward Measured 77,400 11.3 28,100 Indicated 180,400 6.5 37,700 Inferred 642,200 8.8 181,000 Sub-total 900,000 8.6 246,800 Red Hill Inferred 849,000 3.3 89,200 Total Hill End and Hargraves Total 3,955,000 5.4 557,000 Cutoff grades Big Nugget Hill 0.5g/t gold per block and inverse distance squared grade interpolationNumbers include insignificant rounding errors. Reward 1 g/t gold over minimum horizontal width of 1.1 metre and an inverse distance squared grade interpolation. Red Hill 1 g/t gold over minimum horizontal width of 0.8 metre. 7
  8. 8. HILL END PROJECT• 50km north of Bathurst• Minimum 85% interest in Hill End area RED HILL• Current mineral resources 336,000oz gold in Red Hill and Reward• Focus on bulk mining modelling and resource re- REWARD estimates SOUTH STAR 8
  9. 9. HARGRAVES PROJECT• 30km south west of Mudgee• 100% ownership of EL6996 WELLINGTON• Current mineral resources 221,000oz gold in Big Nugget Hill• Big Nugget Hill ~30m wide mineralised structure• Parallel structures hosting high grade gold mineralisation CADIA 9
  10. 10. OTHER PROJECTS• Murray Basin, NSW - EL7124 and EL7125 located in the Swan Hill – Barham area - Bendigo rocks extension into NSW many geophysical targets• Lak Sao, Laos - 51% interest in Lak Sao Project application with Mekong Resources Pty Ltd - Project area located in Bolikhamxay Province in Central Laos 10
  11. 11. PROJECT PIPELINEExpanding Resource Develop Projects Brown Fields Expansion Hill EndReward and Red Hill Open new mining Ramp up production Production Bulk Mining Study sources Hargraves Infill assaying and Site development Open pit / Production mining study underground development 11
  12. 12. KEY INVESTMENT HIGHLIGHTS• Large tenement holdings over prolific goldfields in NSW• Current 550,000 ounce resource at Hill End and Hargraves• Three advanced projects at Reward, Red Hill and Big Nugget Hill• Focus on medium-term development• Long-term goal of 4 – 5 million ounces gold• Experienced and proven Board and management team 12