Gold Investment Symposium 2012 - Company Presentation - MacPhersons Resources

267 views

Published on

Morrie Goodz, Managing Director

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
267
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Gold Investment Symposium 2012 - Company Presentation - MacPhersons Resources

  1. 1. Corporate Update – Gold Symposium - Sydney 23 October 2012
  2. 2. Cautionary Advice on ForwardLooking Statements  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. Corporate Update – Gold Symposium – Sydney – October 2012 2
  3. 3. Strategic Achievements What have we achieved in 12 mths?  Silver, Gold & Zinc mine acquisition  Silver/Gold mill acquisition/expansion  73,400m drilled; 352,880m in review  Silver Eq 0 12.5 Moz $340M  Gold 100 300 koz $320M  Zinc 0 35 kt $70M  Value added in 12 mths $730M  44% Return to Shareholders  Exploration – Copper/nickel upside  Gold Assets/Tenements increased 800%  Operations Management Team  Road to Production Corporate Update – Gold Symposium – Sydney – October 2012 3
  4. 4. Kalgoorlie / SuperPit100 Moz Gold Combined Production / Resource Corporate Update – Gold Symposium – Sydney – October 2012 4
  5. 5. Corporate MRPASX Code: MRPASX Listed: 24 December 2010Ordinary Shares: 239 millionUnlisted Options: 22 millionMarket Cap: A$93m at 39 cents XSOCash: A$16mDebt: NilProjects100% Nimbus Silver-Gold-Zinc VHMS100% Boorara/Coolgardie Gold AssetsSubstantial ShareholdersDirectors/Management: 37%RK Mine Finance: 8.5% Corporate Update – Gold Symposium – Sydney – October 2012 5
  6. 6. Experienced Management TeamChairman (Executive) Managing Director (Executive)Ashok Parekh Morrie GoodzBBus, FCA, AIMM, FTIA MSc (Mining Geo), 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 Mining AdvisorRon Ellis Ray WrightBSc (Mining Eng) Cert Mine ManagerCert Mine Manager 45 years experience25 years experience Owner/Operator of 4 producing minesManager of Operating Mines 6
  7. 7. Nimbus Historical Production 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 Cost Metrics: Reduce Labour/Energy by 50-70% 2012 Price: $27-$37 / oz = up 300 - 400%Corporate Update – Gold Symposium – Sydney Silver Eq* & 34,300 tonnes Zinc 7 12.5 Moz – October 2012 9 additional Ag and polymetallic deposits
  8. 8. Nimbus Video / New Gold Zone 54g/t Au73,400m Drilled This Year 5 6 2 4 1 3 Corporate Update – Gold Symposium – Sydney – October 2012 8 28m @ 896g/t Ag
  9. 9. New Lens 4 and 54g/t Gold Intercept Discovery Pit 6m @ 120g/t Ag 8m @ 82g/t Ag2m @ 54.3g/t Au  2m @ 54.3g/t Au from 40m depth Ag – Zn Lens 4  Extension to the Western Domain (Lens 4)  Quartz vein association  Separate from breccia associated Ag-rich mineralisation (Lens 4)  Within a wide Ag-bearing Corporate Update – Gold Symposium – Sydney – October 2012 alteration halo 9
  10. 10. 1Corporate Update – Gold Symposium – Sydney – October 2012 10
  11. 11. Grade is King – Recent Intersections Sulphide intercepts include:  28m @ 896g/t Ag in NBRC216 from 200m; o Includes 17.0m @ 1427g/t Ag plus 26.3% Zn and 4.7% Pb from 205m; o Includes 11.0m @ 1666g/t Ag from 205m;  29m @ 202g/t Ag-Eq* (139g/t Ag plus Credits) in NBRC203 from 176m; o Includes 9.0m @ 328g/t Ag and 7.9% Zn from 177m; o Includes 5.0m @ 164g/t Ag from 200m;  7m @ 561g/t Ag-Eq (400g/t Ag plus Credits) in NBRC202 from 196m; o Includes 7m @ 400g/t Ag and 8.7% zinc from 196m; Oxide intercepts include:  9m @ 302g/t Ag-Eq (258g/t Ag plus Credits) in NBRC178 from 81m;  6m @ 120g/t Ag in NBRC168 from 27m depth;  8m @ 82g/t Ag in NBRC196 from 51m depth;  19m @ 93g/t Ag in NBRC078 from 14m depth; Corporate Update – Gold Symposium – Sydney – October 2012 11
  12. 12. NBDH009 Confirmation & Extension  14m Zone of Massive and Matrix Primary Mineralisation  50m beneath zone 28m @ 896g/t Ag in NBRC216 (already 80m DD)  130m Total Depth Extension Corporate Update – Gold Symposium – Sydney – October 2012 12
  13. 13. Gold-bearing Quartz Mineralisation adjacentto Lens 4 and 30m below NBRC033 intersectionof 2m @ 54 g/t gold (downhole quartz zonethickness 11m in NBDH008)Lens 4 Silver – Zinc zone from oxide throughTransitional to Primary Sulphide Zone bothHanging wall and Footwall of Gold Zone(downhole thickness 47m). New hole - NBDH008
  14. 14. Massive Sulphides with grades up toDSO - 3200g/t Ag, 41% Zn, 14% Pb Corporate Update – Gold Symposium – Sydney – October 2012 14
  15. 15. What Does Silver Highgrade Mean? Today’s Sale Price/oz $33 Current MRP Pit Optimisation Cost Price/oz $10 Net Margin 70% $23 Target Production (2014-2015) 2Mozpa Target Margin on current model/spot price $46M Corporate Update – Gold Symposium – Sydney – October 2012 15
  16. 16. Pit No. 1 (Discovery) - drilled to 3rd June 12Opportunities - 9 deposits - 50 lenses Discovery 6 East 3 JORC Compliant Minerals Resource 12.5Moz Ag-Aq Mineral Resource Tonnes Grade Grade Ounces Ounces Category (g/t Ag) (g/t Ag-Eq*) Ag Ag-Eq* Measured 142,000 65 76 0.30Moz 0.35Moz Indicated 1,053,000 123 158 4.16Moz 5.36Moz Inferred 1,597,000 110 131 5.63Moz 6.75Moz TOTAL 2,792,000 112 139 10.1Moz 12.5Moz Corporate Update – Gold Symposium – Sydney – October& 34,300 tonnes Zn, * Silver Equivalent - discounted to represent 2012 16 recoverable equivalent of silver ounces Au-Hg-Cu-Pb Credits
  17. 17. Future Resource Growth2m @ 54.3g/t Gold 6 5 28m @ 896g/t Ag 3 -260m RL Corporate Update – Gold Symposium – Sydney – October 2012 17
  18. 18. Existing Nimbus Process Plant PregnantLeach Liquor ROM Stockpile Smelting Crushing Plant Filtration Clarification Stockpile Process Flowsheet Vacuum Deaeration Leaching Solid / Liquid Ball Mill Separation Key Projects Nimbus Historical Production Met test work (oxide, Tonnes: 318,992 tonnes transition, sulphides) Average Grade: 352 g/t silver Process water Production: 3.6 Moz silver TSF 3 Operating Cost: 6.4/oz Mill construction Average Sell Price: $9.07/oz Permitting TSF 3 Works approval – DEC 2012 Price: $27-$37/oz Corporate Update – Gold Symposium – Sydney – October proposal – DMP Mining 2012 12.5Moz Silver Eq* & 34.3KT Zinc Native vegetation 9 additional Ag & Polymetallic deposits clearing permit - DMP
  19. 19. Target – Leading Silver Producer Production Target 2.5 2013 – Mill Expansion 2.0 – 480ktpa 2014 1.5 – Sulphide Plant – Zinc Concentrate 1.0 0.5 2012 Target 2013 Target 2014 Target 2015 Target Future years Corporate Update – Gold Symposium – Sydney – October 2012 19
  20. 20. Pit Optimisation Studies Discovery East 5 Corporate Update – Gold Symposium – Sydney – October 2012 20
  21. 21. Nimbus Exploration Potential Cu Cu Q1 2013 Cu Cu Corporate Update – Gold Symposium – Sydney – October 2012 21
  22. 22. Silver Resource Target Resource Target 25 20 Target Resource 15 10 5 Jun-11 Dec-11 Mar-12 May-12 July-12 2012 Future Target Years Range Corporate Update – Gold Symposium – Sydney – October 2012 22
  23. 23. Exploration Upside Maiden silver resource – Nimbus main zone – 6 lenses being drilled 4 VHMS lenses at Nimbus (not yet classified) 9 other silver-zinc prospects 2012 – drillout of Nimbus 2012 – JORC resource updates Nimbus and Coolgardie 2012 – commence drillout of Boorara gold and adjacent lenses 2013 – commence drillout of other silver deposits Corporate Update – Gold Symposium – Sydney – October 2012 23
  24. 24. Boorara Gold Project – 2km from Mill Corporate Update – Gold Symposium – Sydney – October 2012 24
  25. 25. Boorara Proposed Open Pit Corporate Update – Gold Symposium – Sydney – October 2012 25
  26. 26. Coolgardie Gold Project Coolgardie Gold Projects  50% upgrade in gold resources (>1.7g/t)  MacPhersons Pit 1 optimisation – 76,000oz  Tycho Pit 1 optimisation – 43,000oz  A-Cap Deeps Discovery  100% increase in tenement holding  Nickel Projects Corporate Update – Gold Symposium – Sydney – October 2012 26
  27. 27. Target Plan to ProductionNimbus Silver-Gold-Zinc Mines  New Merrill Crowe Expansion – 2013  Pit cutbacks and tailings processing  10 Massive Sulphide lenses at Nimbus  9 other Silver-Zinc deposits on tenementsBoorara – Coolgardie Gold Projects  Multiple deposits on Boorara – Kanowna shear zones  MacPhersons Optimised Pits and A-Cap Deeps  Tycho pit optimisation and mine plan in progress Corporate Update – Gold Symposium – Sydney – October 2012 27
  28. 28. Strategic Achievements What have we achieved in 12 mths?  Silver, Gold & Zinc mine acquisition  Silver/Gold mill acquisition/expansion  73,400m drilled; 352,880m in review  Silver Eq 0 12.5 Moz $340M  Gold 100 300 koz $320M  Zinc 0 35 kt $70M  Value added in 12 mths $730M  44% Return to Shareholders  Exploration – Copper/Nickel upside  Gold Assets/Tenements increased 800%  Operations Management Team  Road to Production Corporate Update – Gold Symposium – Sydney – October 2012 28
  29. 29. Key Assets – Points of DifferenceGrade is KingMove to ProducerPolymetallicSilver - Gold - Zinc ASX: MRP Price: 39 cents Mkt Cap: A$93m Nimbus Silver Bars www.MRPresources.com.au Corporate Update – Gold Symposium – Sydney – October 2012 29
  30. 30. Competent Person Statement The information in this presentation that relates to mineral resources and exploration results is based on information compiled by Mr Morrie Goodz, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Morrie Goodz is a full time officer of MacPhersons Resources Ltd and 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”. Mr Goodz has given his consent to the inclusion in this presentation of the matters based on the information in the form and context in which it appears. Corporate Update – Gold Symposium – Sydney – October 2012 30

×