Forbes & Manhattan Coal Corp. is a growing coal producer in South Africa with bituminous and anthracite coal operations. It has a total mineable coal resource of 72.5 million tonnes of bituminous coal and 50.8 million tonnes of anthracite coal. The company aims to increase annual saleable production to 2 million tonnes within 3 years by expanding its Magdalena and Aviemore mines. Forbes & Manhattan provides concise summaries of its coal resources, mining operations, production and sales figures, management team, and investment highlights.
This document provides an overview of the Tuvatu Gold Project located on the Fijian island of Viti Levu. It summarizes that the project covers a rare 7km-wide alkaline gold system with high grade discoveries made to depths of over 750m. Lion One Metals has consolidated the area and has exploration and development plans to further prove up resources with a goal of establishing a multi-million ounce gold camp. The leadership team has extensive experience developing gold mines from exploration stage.
Lion One Metals provided an exploration update on its Tuvatu Gold Project in Fiji. Key points include:
1) Ongoing near-surface drilling is expanding and upgrading resources for a proposed starter mine, with notable intercepts including 8.48m at 10.24 g/t Au.
2) Deep drilling continues to encounter high grades hundreds of meters below the current resource, such as 55.44 g/t Au over 2.3m from 575.5m.
3) Regional targets on the large license area show anomalous high grades from rock chips, with ongoing drilling at targets like Banana Creek.
Avion Resources owns gold mining properties in Mali, West Africa. As of July 2010, Avion had estimated mineral resources of 1.7 million ounces of gold measured and indicated and 2.1 million ounces inferred. Avion produced 51,000 ounces of gold in 2009 and expects production to increase to 75,000-85,000 ounces in 2010. The company plans to ramp up production to 200,000 ounces per year by 2012 through mine expansions and exploration. Avion has a strong balance sheet with $36 million in cash and its cash costs are expected to decline from $650 per ounce currently to $525 per ounce over a 10-year mine life.
Avion Gold Corporation is a gold producer in Mali with production of 51,000 ounces in 2009 and projected production of 75,000-85,000 ounces in 2010, and plans to ramp up production to 200,000 ounces per year by 2012. The company has a significant land package in Mali and Burkina Faso totaling over 500 square kilometers that contains a measured and indicated resource of over 1.7 million ounces of gold and an inferred resource of over 2 million ounces. Avion is currently trading at a significant discount to its peers given its large resource base and production growth profile.
Avion Gold Corporation is a gold producer in Mali with production expected to increase from 75,000 ounces in 2010 to 200,000 ounces by 2012, and has exploration properties in Mali and Burkina Faso containing over 3 million ounces of gold resources. The company is undervalued relative to its peers based on its large gold resource, increasing production profile, and low-cost production.
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas, with seven gold mines and a clear path to achieve one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold’s portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Calibre Mining Corp is a gold producer with multi-asset production and exploration opportunities in Nicaragua. It operates the Libertad and Limon processing hubs and mining spokes including Pavon Norte, which was brought into production in under 18 months. Calibre aims to grow production organically through near-mill discoveries and expanding emerging districts like Eastern Borosi, which currently hosts an inferred resource of 700,000 ounces of gold. Exploration is ongoing across Calibre's land package of over 2,000 square kilometers to discover new resources that can be fed into the surplus processing capacity at Libertad.
Avion Gold Corporation is a gold producer in Mali, West Africa with growing production. In 2009 it produced 51,000 ounces of gold and estimates production of 75,000-85,000 ounces in 2010. It aims to ramp up production to 200,000 ounces per year by 2012 through mine expansions and exploration. Avion has acquired several properties with over 3 million ounces of gold resources. It is significantly undervalued compared to peers based on cash flow and asset value multiples and has an experienced management team and board to continue growing production and resources in the region.
This document provides an overview of the Tuvatu Gold Project located on the Fijian island of Viti Levu. It summarizes that the project covers a rare 7km-wide alkaline gold system with high grade discoveries made to depths of over 750m. Lion One Metals has consolidated the area and has exploration and development plans to further prove up resources with a goal of establishing a multi-million ounce gold camp. The leadership team has extensive experience developing gold mines from exploration stage.
Lion One Metals provided an exploration update on its Tuvatu Gold Project in Fiji. Key points include:
1) Ongoing near-surface drilling is expanding and upgrading resources for a proposed starter mine, with notable intercepts including 8.48m at 10.24 g/t Au.
2) Deep drilling continues to encounter high grades hundreds of meters below the current resource, such as 55.44 g/t Au over 2.3m from 575.5m.
3) Regional targets on the large license area show anomalous high grades from rock chips, with ongoing drilling at targets like Banana Creek.
Avion Resources owns gold mining properties in Mali, West Africa. As of July 2010, Avion had estimated mineral resources of 1.7 million ounces of gold measured and indicated and 2.1 million ounces inferred. Avion produced 51,000 ounces of gold in 2009 and expects production to increase to 75,000-85,000 ounces in 2010. The company plans to ramp up production to 200,000 ounces per year by 2012 through mine expansions and exploration. Avion has a strong balance sheet with $36 million in cash and its cash costs are expected to decline from $650 per ounce currently to $525 per ounce over a 10-year mine life.
Avion Gold Corporation is a gold producer in Mali with production of 51,000 ounces in 2009 and projected production of 75,000-85,000 ounces in 2010, and plans to ramp up production to 200,000 ounces per year by 2012. The company has a significant land package in Mali and Burkina Faso totaling over 500 square kilometers that contains a measured and indicated resource of over 1.7 million ounces of gold and an inferred resource of over 2 million ounces. Avion is currently trading at a significant discount to its peers given its large resource base and production growth profile.
Avion Gold Corporation is a gold producer in Mali with production expected to increase from 75,000 ounces in 2010 to 200,000 ounces by 2012, and has exploration properties in Mali and Burkina Faso containing over 3 million ounces of gold resources. The company is undervalued relative to its peers based on its large gold resource, increasing production profile, and low-cost production.
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas, with seven gold mines and a clear path to achieve one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold’s portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Calibre Mining Corp is a gold producer with multi-asset production and exploration opportunities in Nicaragua. It operates the Libertad and Limon processing hubs and mining spokes including Pavon Norte, which was brought into production in under 18 months. Calibre aims to grow production organically through near-mill discoveries and expanding emerging districts like Eastern Borosi, which currently hosts an inferred resource of 700,000 ounces of gold. Exploration is ongoing across Calibre's land package of over 2,000 square kilometers to discover new resources that can be fed into the surplus processing capacity at Libertad.
Avion Gold Corporation is a gold producer in Mali, West Africa with growing production. In 2009 it produced 51,000 ounces of gold and estimates production of 75,000-85,000 ounces in 2010. It aims to ramp up production to 200,000 ounces per year by 2012 through mine expansions and exploration. Avion has acquired several properties with over 3 million ounces of gold resources. It is significantly undervalued compared to peers based on cash flow and asset value multiples and has an experienced management team and board to continue growing production and resources in the region.
Lion One Metals Conference Exploration Presentation Sept 2021Joe Gray
- Lion One Metals is exploring the Tuvatu alkaline gold project in Fiji which has a historic resource of over 7 million ounces of gold production. Current drilling is focused on near-surface resource expansion and testing deep feeder structures hundreds of meters below the known resource.
- Recent drill results include high grade intercepts both near-surface and at depth, indicating potential to expand and upgrade resources.
- Regional exploration is also underway across the company's large land package, with numerous high priority targets identified through surface sampling.
- If successful, drilling results could support initial development of a starter mine and pilot plant.
This document provides an overview of Avion Gold Corporation, including:
1. Forward-looking statements about the company's projects and estimates which are subject to risks and uncertainties.
2. Details of the company's current gold production, plans to increase production to 200,000 ounces per year by 2012, and historical and estimated future production levels and costs.
3. Information about the company's project locations in Mali and Burkina Faso, current resource estimates totaling over 3.65 million ounces, and potential for further resource expansion.
4. The company's strong balance sheet with over $38 million in cash as well as its capital structure and trading multiples compared to peers.
Lion One Metals provides a conference exploration update for November 2021 on its Tuvatu Gold Project in Fiji. Key points include:
1) An ongoing near-surface drilling program is upgrading resources for a potential starter mine, with notable high-grade intercepts.
2) Deep drilling continues to encounter high-grade intercepts hundreds of meters below the current resource, testing potential deep feeder structures.
3) Regional exploration is identifying multiple high-grade targets across the company's large land package, with anomalous gold found across a 7km wide area.
4) Plans for an initial small-scale starter mine and pilot plant are outlined to maximize success in an initial production phase.
1. Entrée Gold Corporation presents information on its projects in Mongolia and the United States. In Mongolia, it has interests in the Hugo North Extension and Heruga deposits at the Oyu Tolgoi mining complex, which is expected to begin initial production from Lift 1 in early 2013.
2. In the United States, Entrée has a large land package in the Yerington copper camp in Nevada where it is advancing the Ann Mason copper-molybdenum porphyry deposit. Highlights from a PEA on Ann Mason show a mine life of 24 years producing over 5 billion pounds of copper.
3. Entrée recently completed a financing package with Sandstorm Gold that provided it
Avion Gold Corporation is a gold mining company with operations in Mali, West Africa. The company produced 51,000 ounces of gold in 2009 and aims to ramp up production to 200,000 ounces per year by 2012. Avion has a large land package with numerous exploration targets and an indicated resource of over 3 million ounces of gold. The company trades at a significant discount to its peers based on cash flow and net asset value multiples. Management plans to increase production and resources through ongoing exploration and development to unlock value for shareholders.
This document provides an overview of Avion Gold Corporation, a gold producer in Mali, West Africa. It summarizes the company's assets and growth plans. Avion produced 51,000 ounces of gold in 2009 and expects production of 75,000-85,000 ounces in 2010. Through exploration and acquisitions, the company aims to increase its resource base and ramp up production to 200,000 ounces per year by 2012. Avion has a large land package in Mali with exploration potential and low-cost production. The company trades at a significant discount to its peers and aims to generate value for shareholders through organic growth.
The document is a corporate presentation for Probe Metals Inc., a well-funded Canadian gold explorer. Some key points:
- Probe Metals is advancing its Val-d'Or East gold project in Quebec which has over 1.8Moz in M&I and 2.3Moz in inferred resources. A preliminary economic assessment showed strong economics.
- The project has potential for further resource growth along multiple mineralized trends on its large land package in the prolific Abitibi gold belt.
- The company is well positioned for development with a strong cash position, experienced management team, and supportive shareholders. Upcoming catalysts include an updated resource estimate and continued permitting.
Mandalay Resources' Costerfield gold-antimony mine in Australia continues to deliver high-grade production from the Youle vein. Exploration drilling has extended mineralization at depth in the Shepherd zone with numerous high-grade intercepts. The company is also conducting a deep drilling program targeting potential for additional high-grade deposits by drilling below existing workings.
This document contains forward-looking statements and cautions investors about various risks and uncertainties. It also notes that resource estimates do not equal reserves under SEC standards. The company's Round Top project currently contains no proven or probable reserves. Finally, the document provides select financial highlights and details from a preliminary economic assessment of the Round Top project, noting high potential value but inherent uncertainties.
The document is a corporate presentation for Western Copper and Gold Corporation that discusses their Casino copper-gold project in Yukon, Canada. Some key points:
- Casino is one of the largest copper-gold projects in Canada with over 7 billion pounds of copper and 14.5 million ounces of gold in measured and indicated resources.
- A 2021 PEA shows robust economics for the project with a pre-tax NPV of $2.33 billion, IRR of 19.5%, and 47-year mine life.
- Phase 1 of mining would focus on the higher grade areas near surface over the first 25 years, while Phase 2 would expand the open pit and extend the mine life.
Avion Gold Corporation is a gold mining company with operations in Mali, West Africa. The company produced 51,000 ounces of gold in 2009 and aims to ramp up production to 200,000 ounces per year by 2012. Avion has a large land package with several deposits and exploration targets that could significantly increase its resource base. The company trades at a discount to peers based on cash flow and net asset value multiples. Management plans to increase production and resources through organic growth and acquisitions to unlock value for shareholders.
Avion Gold Corporation is a gold producer in Mali, West Africa with production of 51,000 ounces in 2009 and projected production of 75,000-85,000 ounces in 2010. The company has a large land package of over 500 square kilometers containing multiple gold deposits. Avion's goal is to increase production to 200,000 ounces per year by 2012 through open pit and underground mining of existing deposits and exploration. The company trades at a significant discount to its peers given its large mineral resource of over 3 million ounces and growing production profile.
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas, with seven operating gold mines (including Mercedes) and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX.
The document provides an overview of Probe Metals Inc., a well-funded Canadian gold explorer. Key points include:
- Probe Metals is advancing its Val-d'Or East gold project located in Quebec, within a prolific gold mining belt.
- A preliminary economic assessment showed the potential for an average annual production of 207,000 ounces of gold over a 12.5 year mine life, with robust economics.
- Val-d'Or East has grown to over 1.8 million ounces of gold in measured and indicated resources and 2.3 million ounces in inferred resources.
- The company has a strong balance sheet with over $29 million in cash and investments to advance Val-d'Or East towards
Entrée Gold presented information on its mining projects in Mongolia and Nevada. In Mongolia, it has a joint venture interest in the Hugo North Extension and Heruga deposits at Oyu Tolgoi. Hugo North Extension has indicated resources of 132 million tonnes grading 1.65% copper and inferred resources of 134 million tonnes grading 0.93% copper. Heruga has inferred resources of 1.8 billion tonnes grading 0.38% copper. In Nevada, Entrée's Ann Mason deposit has indicated resources of 873 million tonnes grading 0.29% copper and inferred resources of 1.1 billion tonnes grading 0.33% copper based on a preliminary economic assessment. The assessment estimated an after-tax
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the potential for the project to be a 12.5-year mine producing over 200,000 ounces of gold per year on average. The project currently has over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred. Probe Metals is planning a large 162,000-meter drill program in 2022 and has over $31 million in cash and investments to advance the project.
Moneta is creating a major gold project in the prolific Timmins gold camp in Ontario, Canada through expanding its gold resources and consolidating projects. It has combined the Golden Highway and Garrison gold projects, creating one of the largest undeveloped gold mining projects in North America with over 8 million ounces of gold resources. Moneta plans a 70,000 meter drill program in 2021 to further expand resources across the projects, with the goal of outlining a large scale, long life mining operation in the district.
Avion Gold Corporation is a gold producer in Mali with production expected to increase from 75,000 ounces in 2010 to 200,000 ounces by 2012, and has exploration properties in Mali and Burkina Faso containing over 3 million ounces of gold resources. The company is significantly undervalued compared to its peers based on cash flow and net asset value multiples, and has an experienced management team and board as well as major institutional shareholders.
Entrée Gold presented information on its mining projects in Mongolia and Nevada. In Mongolia, it has a joint venture interest in the Hugo North Extension and Heruga deposits at Oyu Tolgoi. Hugo North Extension has indicated resources of 1.2 billion pounds of copper equivalent and inferred resources of 6 billion pounds of copper equivalent. In Nevada, Entrée's Ann Mason project has indicated resources of 8.2 billion pounds of copper and inferred resources of 5.6 billion pounds of copper. A preliminary economic assessment showed the Ann Mason project could have a 24 year mine life and generate an after-tax NPV of over $1 billion, based on long term copper prices of $3.00 per pound. Entrée has
This document provides an overview of Entrée Gold Inc., including information on its projects in Mongolia and Nevada. It summarizes key details from a preliminary economic assessment for Entrée's Ann Mason copper-molybdenum project in Nevada, which outlined a proposed open-pit mine with an initial 24-year mine life and after-tax NPV of $1.11 billion using base case metal prices. The document also discusses Entrée's joint venture interest in the Oyu Tolgoi copper-gold mining complex in Mongolia, highlighting inferred resources attributable to Entrée of over 6 billion pounds of copper equivalent.
Crocodile Gold Corporate Presentation December 2012Crocodile Gold
Crocodile Gold is a mid-tier gold producer with assets in Australia. It operates two mines in Victoria - Fosterville and Stawell - and is bringing its Cosmo mine in the Northern Territory into commercial production in Q1 2013. Crocodile has mineral resources totaling over 4 million ounces of gold measured and indicated and 2.8 million ounces inferred. The company is focused on expanding production from its current assets while reducing cash costs through exploration and development of new projects in its large land package.
Crocodile Gold is a mid-tier gold producer with assets in Australia. It operates two mines in Victoria - Fosterville and Stawell - and is developing the Cosmo mine in the Northern Territory. Crocodile Gold has mineral resources totaling over 4 million ounces of gold measured and indicated and 2.8 million ounces inferred. The company is focused on expanding production from its current assets while reducing cash costs and exploring its large land package for new discoveries.
Lion One Metals Conference Exploration Presentation Sept 2021Joe Gray
- Lion One Metals is exploring the Tuvatu alkaline gold project in Fiji which has a historic resource of over 7 million ounces of gold production. Current drilling is focused on near-surface resource expansion and testing deep feeder structures hundreds of meters below the known resource.
- Recent drill results include high grade intercepts both near-surface and at depth, indicating potential to expand and upgrade resources.
- Regional exploration is also underway across the company's large land package, with numerous high priority targets identified through surface sampling.
- If successful, drilling results could support initial development of a starter mine and pilot plant.
This document provides an overview of Avion Gold Corporation, including:
1. Forward-looking statements about the company's projects and estimates which are subject to risks and uncertainties.
2. Details of the company's current gold production, plans to increase production to 200,000 ounces per year by 2012, and historical and estimated future production levels and costs.
3. Information about the company's project locations in Mali and Burkina Faso, current resource estimates totaling over 3.65 million ounces, and potential for further resource expansion.
4. The company's strong balance sheet with over $38 million in cash as well as its capital structure and trading multiples compared to peers.
Lion One Metals provides a conference exploration update for November 2021 on its Tuvatu Gold Project in Fiji. Key points include:
1) An ongoing near-surface drilling program is upgrading resources for a potential starter mine, with notable high-grade intercepts.
2) Deep drilling continues to encounter high-grade intercepts hundreds of meters below the current resource, testing potential deep feeder structures.
3) Regional exploration is identifying multiple high-grade targets across the company's large land package, with anomalous gold found across a 7km wide area.
4) Plans for an initial small-scale starter mine and pilot plant are outlined to maximize success in an initial production phase.
1. Entrée Gold Corporation presents information on its projects in Mongolia and the United States. In Mongolia, it has interests in the Hugo North Extension and Heruga deposits at the Oyu Tolgoi mining complex, which is expected to begin initial production from Lift 1 in early 2013.
2. In the United States, Entrée has a large land package in the Yerington copper camp in Nevada where it is advancing the Ann Mason copper-molybdenum porphyry deposit. Highlights from a PEA on Ann Mason show a mine life of 24 years producing over 5 billion pounds of copper.
3. Entrée recently completed a financing package with Sandstorm Gold that provided it
Avion Gold Corporation is a gold mining company with operations in Mali, West Africa. The company produced 51,000 ounces of gold in 2009 and aims to ramp up production to 200,000 ounces per year by 2012. Avion has a large land package with numerous exploration targets and an indicated resource of over 3 million ounces of gold. The company trades at a significant discount to its peers based on cash flow and net asset value multiples. Management plans to increase production and resources through ongoing exploration and development to unlock value for shareholders.
This document provides an overview of Avion Gold Corporation, a gold producer in Mali, West Africa. It summarizes the company's assets and growth plans. Avion produced 51,000 ounces of gold in 2009 and expects production of 75,000-85,000 ounces in 2010. Through exploration and acquisitions, the company aims to increase its resource base and ramp up production to 200,000 ounces per year by 2012. Avion has a large land package in Mali with exploration potential and low-cost production. The company trades at a significant discount to its peers and aims to generate value for shareholders through organic growth.
The document is a corporate presentation for Probe Metals Inc., a well-funded Canadian gold explorer. Some key points:
- Probe Metals is advancing its Val-d'Or East gold project in Quebec which has over 1.8Moz in M&I and 2.3Moz in inferred resources. A preliminary economic assessment showed strong economics.
- The project has potential for further resource growth along multiple mineralized trends on its large land package in the prolific Abitibi gold belt.
- The company is well positioned for development with a strong cash position, experienced management team, and supportive shareholders. Upcoming catalysts include an updated resource estimate and continued permitting.
Mandalay Resources' Costerfield gold-antimony mine in Australia continues to deliver high-grade production from the Youle vein. Exploration drilling has extended mineralization at depth in the Shepherd zone with numerous high-grade intercepts. The company is also conducting a deep drilling program targeting potential for additional high-grade deposits by drilling below existing workings.
This document contains forward-looking statements and cautions investors about various risks and uncertainties. It also notes that resource estimates do not equal reserves under SEC standards. The company's Round Top project currently contains no proven or probable reserves. Finally, the document provides select financial highlights and details from a preliminary economic assessment of the Round Top project, noting high potential value but inherent uncertainties.
The document is a corporate presentation for Western Copper and Gold Corporation that discusses their Casino copper-gold project in Yukon, Canada. Some key points:
- Casino is one of the largest copper-gold projects in Canada with over 7 billion pounds of copper and 14.5 million ounces of gold in measured and indicated resources.
- A 2021 PEA shows robust economics for the project with a pre-tax NPV of $2.33 billion, IRR of 19.5%, and 47-year mine life.
- Phase 1 of mining would focus on the higher grade areas near surface over the first 25 years, while Phase 2 would expand the open pit and extend the mine life.
Avion Gold Corporation is a gold mining company with operations in Mali, West Africa. The company produced 51,000 ounces of gold in 2009 and aims to ramp up production to 200,000 ounces per year by 2012. Avion has a large land package with several deposits and exploration targets that could significantly increase its resource base. The company trades at a discount to peers based on cash flow and net asset value multiples. Management plans to increase production and resources through organic growth and acquisitions to unlock value for shareholders.
Avion Gold Corporation is a gold producer in Mali, West Africa with production of 51,000 ounces in 2009 and projected production of 75,000-85,000 ounces in 2010. The company has a large land package of over 500 square kilometers containing multiple gold deposits. Avion's goal is to increase production to 200,000 ounces per year by 2012 through open pit and underground mining of existing deposits and exploration. The company trades at a significant discount to its peers given its large mineral resource of over 3 million ounces and growing production profile.
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas, with seven operating gold mines (including Mercedes) and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX.
The document provides an overview of Probe Metals Inc., a well-funded Canadian gold explorer. Key points include:
- Probe Metals is advancing its Val-d'Or East gold project located in Quebec, within a prolific gold mining belt.
- A preliminary economic assessment showed the potential for an average annual production of 207,000 ounces of gold over a 12.5 year mine life, with robust economics.
- Val-d'Or East has grown to over 1.8 million ounces of gold in measured and indicated resources and 2.3 million ounces in inferred resources.
- The company has a strong balance sheet with over $29 million in cash and investments to advance Val-d'Or East towards
Entrée Gold presented information on its mining projects in Mongolia and Nevada. In Mongolia, it has a joint venture interest in the Hugo North Extension and Heruga deposits at Oyu Tolgoi. Hugo North Extension has indicated resources of 132 million tonnes grading 1.65% copper and inferred resources of 134 million tonnes grading 0.93% copper. Heruga has inferred resources of 1.8 billion tonnes grading 0.38% copper. In Nevada, Entrée's Ann Mason deposit has indicated resources of 873 million tonnes grading 0.29% copper and inferred resources of 1.1 billion tonnes grading 0.33% copper based on a preliminary economic assessment. The assessment estimated an after-tax
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the potential for the project to be a 12.5-year mine producing over 200,000 ounces of gold per year on average. The project currently has over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred. Probe Metals is planning a large 162,000-meter drill program in 2022 and has over $31 million in cash and investments to advance the project.
Moneta is creating a major gold project in the prolific Timmins gold camp in Ontario, Canada through expanding its gold resources and consolidating projects. It has combined the Golden Highway and Garrison gold projects, creating one of the largest undeveloped gold mining projects in North America with over 8 million ounces of gold resources. Moneta plans a 70,000 meter drill program in 2021 to further expand resources across the projects, with the goal of outlining a large scale, long life mining operation in the district.
Avion Gold Corporation is a gold producer in Mali with production expected to increase from 75,000 ounces in 2010 to 200,000 ounces by 2012, and has exploration properties in Mali and Burkina Faso containing over 3 million ounces of gold resources. The company is significantly undervalued compared to its peers based on cash flow and net asset value multiples, and has an experienced management team and board as well as major institutional shareholders.
Entrée Gold presented information on its mining projects in Mongolia and Nevada. In Mongolia, it has a joint venture interest in the Hugo North Extension and Heruga deposits at Oyu Tolgoi. Hugo North Extension has indicated resources of 1.2 billion pounds of copper equivalent and inferred resources of 6 billion pounds of copper equivalent. In Nevada, Entrée's Ann Mason project has indicated resources of 8.2 billion pounds of copper and inferred resources of 5.6 billion pounds of copper. A preliminary economic assessment showed the Ann Mason project could have a 24 year mine life and generate an after-tax NPV of over $1 billion, based on long term copper prices of $3.00 per pound. Entrée has
This document provides an overview of Entrée Gold Inc., including information on its projects in Mongolia and Nevada. It summarizes key details from a preliminary economic assessment for Entrée's Ann Mason copper-molybdenum project in Nevada, which outlined a proposed open-pit mine with an initial 24-year mine life and after-tax NPV of $1.11 billion using base case metal prices. The document also discusses Entrée's joint venture interest in the Oyu Tolgoi copper-gold mining complex in Mongolia, highlighting inferred resources attributable to Entrée of over 6 billion pounds of copper equivalent.
Crocodile Gold Corporate Presentation December 2012Crocodile Gold
Crocodile Gold is a mid-tier gold producer with assets in Australia. It operates two mines in Victoria - Fosterville and Stawell - and is bringing its Cosmo mine in the Northern Territory into commercial production in Q1 2013. Crocodile has mineral resources totaling over 4 million ounces of gold measured and indicated and 2.8 million ounces inferred. The company is focused on expanding production from its current assets while reducing cash costs through exploration and development of new projects in its large land package.
Crocodile Gold is a mid-tier gold producer with assets in Australia. It operates two mines in Victoria - Fosterville and Stawell - and is developing the Cosmo mine in the Northern Territory. Crocodile Gold has mineral resources totaling over 4 million ounces of gold measured and indicated and 2.8 million ounces inferred. The company is focused on expanding production from its current assets while reducing cash costs and exploring its large land package for new discoveries.
1) The document discusses Detour Gold Corporation's 2014 operating plan and life of mine plan for its Detour Lake mine in Ontario, Canada. The 2014 plan targets producing 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce sold.
2) The updated life of mine plan extends the mine life to over 20 years with average annual production of 660,000 ounces of gold and total cash costs of $723 per ounce sold. Total proven and probable reserves are estimated at 15.5 million ounces of gold.
3) Opportunities to optimize operations over the life of mine include increasing mill throughput, reducing dilution, improving mill recoveries, expanding reserves through exploration
This document provides guidance and targets for Detour Gold Corporation's operations in 2014. It includes the following key points:
1) 2014 production is estimated to be between 450,000 to 500,000 ounces of gold, with 200,000-225,000 ounces in the first half and 250,000-275,000 ounces in the second half.
2) Total cash costs per ounce of gold sold are estimated to be $800-$900. Capital expenditures are budgeted at $131 million, including $35 million for deferred stripping.
3) The 2014 operating plan aims for steady state production and optimization, including increasing mill throughput to 55,000 tons per day by the fourth quarter.
Forbes & Manhattan Coal Corp. is an emerging Southern African coal company with two operating mines in Kwa-Zulu Natal, South Africa. The company has a substantial coal resource base of over 51 million tonnes and plans to triple production to 1.5 million tonnes within three years using existing infrastructure. Forbes has high quality bituminous and anthracite coal assets in one of the best developed coal markets in the world and an experienced coal-focused management team to execute its growth strategy.
This document provides an overview of Crocodile Gold Corporation, a mid-tier Australian gold producer. It discusses Crocodile Gold's growing gold production and cash flow generation, decreasing costs, sizable gold resources, and focus on advancing growth projects like the Big Hill project. The document also summarizes Crocodile Gold's operational and financial performance in 2013-2014, including milestones achieved and production results from its Fosterville, Cosmo, and Stawell mines. Non-core asset divestment opportunities are also mentioned.
Forbes Coal is a growing coal producer in South Africa with two operating mines. It has a total coal resource of 51.7 million tonnes according to its NI 43-101 technical report. The company aims to triple its annual production to over 1 million saleable tonnes by 2013 through organic growth using existing infrastructure and capacity. Forbes Coal has access to export markets in Asia and a long-term offtake agreement, positioning it for multi-year export growth.
Crocodile Gold Corporate Presentation May 2014Crocodile Gold
This document summarizes a presentation about Crocodile Gold Corporation, a mid-tier Australian gold producer. Some key points:
- Crocodile Gold generated over $12 million in operating cash flow in Q1 2014 and over $67 million in 2013, while decreasing costs.
- Production has increased from 155,000 ounces in 2012 to 210,000 ounces in 2013, and they are on track to produce 200,000-210,000 ounces in 2014.
- The company has a sizable gold resource base of over 7 million ounces and is focusing on underground exploration to extend mine life at all projects.
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September 2013
1. A Forbes & Manhattan Group Company
Corporate Presentation
September 2013TSX/JSE : FMC
GROWING COAL PRODUCER IN SOUTHERN AFRICA
2. 2
TSX/JSE : FMC
Disclaimer
This presentation contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements
with respect to the development potential and timetable of the Magdelena and Aviemore projects; the Company’s ability to raise additional funds as necessary;
the future price of coal; the estimation of mineral resources; conclusions of economic evaluations (including scoping studies); the realization of mineral resource
estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures;
success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks.
Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or
statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are
based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of
mining at the Company’s projects are based on assumptions underlying mineral resource estimates and the realization of such estimates; results of previous mining
activities at the projects, and detailed research and analysis completed by independent consultants and management of the Company; research and estimates
regarding the timing of delivery for long-lead items; and knowledge regarding certain factors described in the technical report filed under the profile of the
Company on SEDAR. Capital and operating cost estimates are based on results of previous mining activities, research of the Company and independent
consultants. Production estimates are based on mine plans and production schedules, which have been developed by the Company’s personnel and
independent consultants. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements,
including but not limited to risks related to: timing and availability of external financing on acceptable terms; unexpected events and delays during construction,
expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of government approvals; actual results of exploration and mining
activities; changes in project parameters as plans continue to be refined; future prices of coal; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to
update any forward-looking statements except in accordance with applicable securities laws.
Investors are advised that National Instrument NI 43-101 of the Canadian Securities Administrators (“NI 43-101”) requires that each category of mineral reserves and
mineral resources be reported separately. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Johan Odendaal,
B.Sc.(Geol.), B.Sc.(Hons)(Min. Econ.), M.Sc. (Min. Eng.), a director of Minxcon and an independent Qualified Person, as defined in National Instrument 43-101 has
reviewed and approved the scientific and technical information contained in this presentation.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources
The information presented uses the terms “measured”, “indicated” and “inferred” mineral resources. United States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineral
resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of
feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever
be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is
economically or legally mineable.
3. 3
TSX/JSE : FMC
Company Overview
Forbes & Manhattan Coal Corp.’s (FMC) vision is to build a high quality bituminous
and anthracite coal company with production capacity in excess of
10 million tonnes per year
Company Summary
Headquarters: Toronto, Ontario Total mineable coal
resource
(NI 43-101):
72.5 million tonnes Bituminous
(13.4 million tonnes inferred)
59.4 million tonnes Anthracite*
(17.8 million inferred)
Number of
mines:
2 (Magdalena
and Aviemore)
Historical annual saleable
production:
958,000 saleable tonnes in
fiscal 2013
Mine location: Kwa-zulu, Natal,
South Africa
1 year target production:
(fiscal 2014)
845,000 saleable tonnes
Bituminous - Magdalena
300,000 saleable tonnes
Anthracite – Aviemore
Production capacity: 2 million tonnes
* As set out in the Technical Report of the Company entitled “An Independent National Instrument 43-101 Technical Report on Forbes Coal Dundee
Operations, KwaZulu-Natal Province, South Africa”, dated October 1, 2012, prepared for the Company by Minxcon (the “Technical Report”). A copy of the
Technical Report is available under the profile of the Company on SEDAR at www.sedar.com.
5. 5
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Mining Resource (Dundee)
NI 43 – 101 Global Resource1
Measured Indicated MI Inferred Yearly
ROM2 (t)
LOM
Magdalena
Bituminous
59.1 m - 59.1 m 13.4 m 1.3 mt + 20 years
Aviemore
Anthracite
1.5 m 40.1 m 41.6 m 17.8 m 0.5 mt + 20 years
1. Source: National Instrument 43 – 101 Report (Minxcon October 1, 2012) available under the profile of the Company on SEDAR at www.sedar.com.
2. As per management’s guidance for fiscal 2014
7. 7
TSX/JSE : FMC
Magdalena Bituminous Coal Operations
Location: • Dundee, Kwa-Zulu, Natal
Coal Type: • Bituminous
Resource: • 72.5 million tonnes1
(13.4 million tonnes inferred)
Acres: • 4,557
Average BTU: • 12,250 BTU/lb
• 6,800 kcal/kg
Ash: • 15.0%
Volatility: • 16.7%
Saleable
Production:
• 2011FY2: 556,000 tonnes
• 2012FY2: 748,000 tonnes
• 2013FY2: 703,000 tonnes3
Mine Life: • Approximately +20 years
Infrastructure: • Wash plant, processing plant and
siding
Asset Summary
1. Source: National Instrument 43 – 101 Report (Minxcon October 1, 2012) available under the profile of the Company on SEDAR at www.sedar.com.
2. Fiscal year-end February 28
3. Including bought in coal
8. 8
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Magdalena Project Area & Mining Rights
* Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
9. 9
TSX/JSE : FMC
Magdalena Bituminous Coal Production Profile
Drilling at Magdalena for potential opencast mine expansion has been
completed, Hilltop exploration drilling license has recently been granted.
Magdalena Saleable Bituminous Coal Production
(000 t)/February 28 year-end
* Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
299
347 326
449 485 556
748 702
845
FY06A FY07A FY08A FY09A FY10A FY11A FY12A FY13A FY14E
Magdalena o/c Magdalena u/g
11. 11
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Aviemore Anthracite Coal Operations
Location: • Dundee, Kwa-Zulu, Natal
Coal Type: • Anthracite
Resource:
• 50.8 million tonnes1
(15.1 million tonnes inferred)
Acres: • 13,818
Average BTU:
• 12,800 BTU/lb
• 7,100 kcal/kg
Ash: • 13.7%
Volatility: • 7.9%
Saleable
Production:
• 2011FY2: 92,000 tonnes
• 2012FY2: 176,000 tonnes
• 2013FY2: 255,000 tonnes
Mine Life: • Approximately +20 years
Infrastructure:
• Wash plant, processing plant and
siding
Asset Summary
1. Source: National Instrument 43 – 101 Report (Minxcon October 1, 2012) available under the profile of the Company on SEDAR at www.sedar.com.
2. Fiscal year-end February 28
12. 12
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Aviemore Project Area & Mining Rights
* Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
13. 13
TSX/JSE : FMC
Aviemore Anthracite Coal Production Profile
At Aviemore, a feasibility study for an expansion is underway. There is potential
for 1 million tonnes of ROM per annum.
Aviemore Anthracite Coal Saleable Production1
(000 t)/February 28 year-end
1. Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
59 62 61
102
20
92
176
255
300
FY06A FY07A FY08A FY09A FY10A FY11A FY12A FY13A FY14E
14. 14
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Results
Q1 2013
(March – May 2012 )
Q4 2013
(Dec’ – Feb’ 2013 )
Q1 2014
(March-May 2013)
Revenue $ 20.8 million $13.47 million $ 20.51million
Gross Profit $ 1.81 million $0.93 million $ 0.34 million
Consolidated
EBITDA
$ 2.45 million -$2.58 million $2.01 million
Q1 2013
(March – May 2012 )
Q4 2013
(Dec’ – Feb’2013)
Q1 2014
(March-May 2013)
Run of Mine
Production (t)
387,075 364,145 447,466
Saleable
Production1 (t)
244,605 214,044 243,219
Total Sales (t) 234,997 168,913 261,035
1. Excluding bought in coal of 89,739 for fiscal 2013
15. 15
TSX/JSE : FMC
• Good working relationship with its two
unions: National Union of Mineworkers
(NUM) and Amalgamated Mining &
Construction Union (AMCU)
• Labour contracts are negotiated on an
annual basis
• Recent labour disruption was settled
November 16, 2012 resulting in an
average wage increase of 14.8% and
extended working hours
• Implementing internationally recognized
safety, health, environmental and quality
management systems
• Adheres to the tenets of the Mining
Charter and promotes local
procurement and procurement from BEE
companies
• Committed to developing local
communities
Responsible Development
16. 16
TSX/JSE : FMC
Experienced Management Team
Stephan Theron, B.Comm, CGA │President and Chief Executive Officer
Extensive management, project finance and equity analysis experience in the mining, energy and infrastructure
sectors. Previous capital and project experience includes Weir PLC and AMEC PLC as well as former sector head
materials and energy with a specific focus on South African coal market.
Malcolm Campbell, Pr. Cert. Eng. (Mining) │Chief Operating Officer
Fourth generation coal miner with 25 years industry experience. Skilled in operational management, turnaround
strategies and business development. Spent 20 years with Anglo Coal; held a variety of positions including regional
manager for new business development and strategy.
Deb Battiston, CGA │Chief Financial Officer
Financial specialist with over 20 years experience in the mining sector.
Sarah Williams, CA │Vice President Finance
Chartered Accountant (SA) with nine years experience in the corporate finance industry and expertise in the resource
sector where she played key roles in company listings and IPOs, mergers and acquisitions, restructurings and debt and
equity capital raisings.
Kevern Mattison, NHD (Mining), B. Tech.│General Manager
More than 20 years operational coal mining experience and spent over 20 years with Anglo Coal, most recently as a
manager of mining.
Fanie Müller, B.Sc. Eng., M. Eng. │ Group Manager - Technical Support Service
A Professional Mining Engineer registered with the Engineering Council of South Africa. Project experience in
commodities ranging from coal, gold and diamonds to platinum and uranium. The foundation of his career in mining
was initiated at Anglo Coal. He joined Forbes Coal as the Group Technical Services Manager in 2010.
17. 17
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Directors
Stephan Theron, B.Comm, CGA , │ President and CEO
Craig Wiggill, B.Sc. Eng. │ Chairman of the Board
Has held management, executive and directorship positions on several international mining companies in the coal sector
and, as CEO of Coal Americas at Anglo American plc. was responsible for all of that company’s coal activities in North and
South America. He was previously Managing Director of Anglo Coal Marketing Ltd from 2000 to 2004.
Stan Bharti, P.Eng. │ Director
Business consultant and a professional mining engineer with more than 25 years experience
President of Forbes & Manhattan, Inc., a private merchant focused on the resource sector, since July 2001.
John Dreyer, │ Director
Mr. Dreyer is a qualified South African lawyer, CEO of Tavistock Coal and executive director of Anglo American Platinum. He
served as chairman of ASX listed Firestone Energy until 2011. Mr. Dreyer currently serves on the board of ASX listed Cobar
Consolidated Resources where he also serves on the audit committee.
Bernard Wilson, │ Director
An advisor in corporate finance and investment banking. Notable leadership roles include serving as the Chairman of the
Canadian Chamber of Commerce (with 175,000 members), Chairman of the Canadian Council for International Business,
Chairman of the International Chamber of Commerce, as a member of the Canada/US Trade Committee and Chairman
Founders Board of the Institute of Corporate Directors.
Quinn Roussel, MBA, B.Sc . Mining Eng│ Director
Thomas Quinn Roussel is a Principal of Resource Capital Funds, a mining-focused private equity firm based out of Denver,
Colorado. Mr. Roussel has also worked as an engineer in both the mining and the oil & gas industries and currently serves on
the board of an Australian resource company, Finders Resources. He holds MBA degress from the University of South Carolina
and Wirtschafts Universitat-Wien and a B.S. in Mining Engineering from Colorado School of Mines.
Michael Price, B.Sc., Phd. │ Director
Thirty-five years experience in mining and mining finance. After working for BP Coal, BP Minerals and BP Exploration in various
mine management and business development roles Mr. Price moved into mining finance with NM Rothschild & Sons, Societe
Generale and Barclays Capital. Mr. Price is now a Non-Executive Director of several mining companies and he is an
independent adviser on mining finance as well as the London Representative of Resource Capital Fund.
18. 18
TSX/JSE : FMC
Investment Highlights
• Resource base of high quality bituminous and anthracite coal in one of the best developed
coal markets in the world
• Goal to triple organic production within three years from 2010 historic levels using existing
infrastructure and capacity
• Established infrastructure to reach export corridors and growing domestic market
• Delivering on goals to increase sales while lowering production costs, resulting in strong
EBITDA
• Experienced coal-focused management team
19. 19
TSX/JSE : FMC
Share Price Performance
Source: Google Finance; August 2013
Ticker Company Exchange YTD performance
FMC Forbes Coal TSX -247%
UNV Universal Coal ASX -7%
IKW Ikwezi Mining ASX -27%
CCC Continental Coal ASX -37%
CZA Coal of Africa ASX -21%
TSX JSE
Shares Outstanding 34.8 m
FD Shares Outstanding 39.5 m
Closing Price (Aug 30, 2013) C$0.25 R2.41
Trading Range (52 week) C$0.22 – $1.00 R2.12-
R9.65
Market Capitalization (Basic) C$8.70 m R84.0m
Market Capitalization (FD) C$9.87 m R95.3m
Capitalization
FMC – listed on TSX and JSE
20. 20
TSX/JSE : FMC
Strategy and Business Plan
Magdalena
• Increasing productivity and production capacity through operational efficiency initiatives;
• Achieve saleable production of 845,000 for the year;
• Investigate regional possibilities for the relocation of the opencast at the end of the current extension;
• Generate pitroom for future mining expansion;
• Increase wash plant recovery rates from the current level of 62% by improved efficiencies of wash plant by
using density control;
• Investigate product upgrade potential.
Aviemore
• Achieve saleable production of 300,000 tonnes for the year;
• Progress exploration and feasibility study for the expansion of1 million ROM tonnes per year producer.
Improve operational efficiencies by:
• Further develop management team with international experience;
• Explore opportunities to increase sales and exports;
21. 21
TSX/JSE : FMC
New Opportunities
Where?
• Forbes Coal to stay focused on Southern Africa. Most of the coals in Southern Africa can be washed to
produce an acceptable export thermal product.
• Lack of both infrastructure and investment are the main reasons why production and exports remain
constrained.
• The countries that are viewed to have the best potential for coal projects are South Africa, Botswana,
Mozambique, Zimbabwe, Tanzania and Swaziland.
• Opportunities have already been reviewed in most of the Southern African countries
How?
• Acquisitions – currently reviewing
• Farm in options – currently reviewing one opportunity
• Licence applications
• Outright acquisitions preferable for operational assets and advanced projects
• Farm in options help mitigate against the risk of huge capital outlay. This is the preferred entry opportunity
for exploration projects
• Licence applications will only work in countries with robust and transparent licence frameworks (e.g
Botswana, Mozambique)
27. 27
TSX/JSE : FMC
Revenue and Sales Tons (CAD$)
-
50
100
150
200
250
300
350
400
0
5
10
15
20
25
30
35
40
FY11Q1 FY11Q2 FY11Q3 FY11Q4 FY12Q1 FY12Q2 FY12Q3 FY12Q4 FY13Q1 FY13Q2 FY13Q3 FY13Q4
Salestonnes‘000
Revenue$’m
Revenue and sales tonnes
Revenue $'m Sales tons'000
Notes:
1) The API4$ price has decreased significantly from FY12. Export contracts on API4$ account for 50%-60% of
total sales. This has impacted on revenue and margins.
2) API4$ pricing for FY14Q4 was between $85 - $89 per tonne
API4$ pricing decreased
from $105 to $85.
28. 28
TSX/JSE : FMC
• For Fiscal 2013 Forbes Coal reported export sales of 437,000 tonnes, reflecting strong
demand from export markets
• Global thermal trade flows show India and China as major global importers of thermal coal
• South Africa exported an estimated 23 million tonnes of thermal coal to India in 2010
• Asia dominates demand for anthracite coal
• 83% of global imports; 95% of expected export demand growth
Access to Export Markets
Global Thermal Coal
Trade Flows
1. Source : Company Reports
29. 29
Stephan Theron
President & CEO
Forbes & Manhattan Coal Corp.
Tel: + 1 416 861 5912
September 2013
CONTACT INFORMATION
65 Queen Street West, Suite 815 P.O. Box 71, Toronto, Ontario, Canada, M5H 2M5
Email: info@forbescoal.com Website: www.forbescoal.com
TSX/JSE : FMC
Samantha Thomson
Investor Relations Manager
Forbes & Manhattan Coal Corp.
Tel: +1 416 309 2957