This document provides a disclaimer and overview of Shanta Gold Limited, an AIM-listed gold exploration and development company focused in Tanzania. It notes that Shanta has a 2.6 million ounce JORC-compliant resource across its two advanced projects, New Luika and Singida, and is approaching first production. Key details about the company include its experienced Tanzania-focused management team, growth pipeline, and top shareholders. The document also contains several disclaimers regarding the information presented.
Private equity investment in India in May 2010 grew by nearly 200% as compared to the same period last year. Deal value was $630 million in May ‘10 as against $211 million in May ’09. Total deal count also increased by 42% to 28 deals, up from 19 in May ’09.
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A presentation on "Developing Games for Exhibitions/Events - Tales, Challenges, and OMG Moments from the Trenches" based on working as the Lead Developer for the PTT Technobot event/exhibition game.
Presented at Indies Ignite July - 2013, and slightly revised at CGGA 2014.
Private equity investment in India in May 2010 grew by nearly 200% as compared to the same period last year. Deal value was $630 million in May ‘10 as against $211 million in May ’09. Total deal count also increased by 42% to 28 deals, up from 19 in May ’09.
On a month on month basis deal value in May ‘10 was substantially lower than that in Apr ‘10.
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Developing Games for Exhibitions/Events - Tales, Challenges, and OMG Moments ...Pisal Setthawong
A presentation on "Developing Games for Exhibitions/Events - Tales, Challenges, and OMG Moments from the Trenches" based on working as the Lead Developer for the PTT Technobot event/exhibition game.
Presented at Indies Ignite July - 2013, and slightly revised at CGGA 2014.
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www. parker.com/aboutus With annual sales exceeding $13 billion in fiscal year 2012, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems. Strong competitive advantages, a clear strategy and goals, consistent execution and performance, and many opportunities for growth, have allowed the company to consistently deliver strong shareholder returns. Parker has increased its annual dividends paid to shareholders for 56 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
2. Disclaimer
This Document comprises an institutional update presentation (the “Presentation”) which has been prepared by and is the sole responsibility of Shanta Gold Limited (the “Company”).
This Presentation does not constitute or form part of an admission document, listing particulars or a prospectus relating to the Company or any offer for sale or solicitation of any offer
to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment
whatsoever or constitute an invitation or inducement to engage in investment activity under section 21 of the UK Financial Services and Markets Act 2000. This presentation does not
constitute a recommendation regarding any decision to sell or purchase securities in the Company.
Notwithstanding the above, in the United Kingdom, this Presentation is only being given to persons reasonably believed by the Company to be investment professionals within the meaning of
paragraph (5) of Article 19 persons in the business of disseminating information within the meaning of Article 47 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI
2005/1529) or to high net worth companies or unincorporated associations within the meaning of paragraph (2)of Article 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (SI 2005/1529), and the Proposed Offer will only be available to such persons who are also qualified investors within the meaning of section 86(7) FSMA purchasing as principal or in
circumstances under section 86(2) FSMA. This Presentation is only being sent to persons reasonably believed by the Company to be investment professionals or to persons to whom it may otherwise
be lawful to distribute it. If you are not such a person (i) you should not have received this Presentation and (ii) please return this Presentation to the Company's registered office as soon as possible
and take no other action. If you are not such a person you may not rely on or act upon matters communicated in this Presentation. By accepting this Presentation the recipient represents and warrants
that they are a person who falls within the above description of persons entitled to receive this Presentation.
This document has not been approved by an authorised person under Section 21 of the Financial Services and Markets Act 2000 (“FSMA”).
This Presentation is not intended to be distributed, or passed on, directly or indirectly, to any other class of person and in any event under no circumstances should persons of any other description
rely or act upon the contents of this Presentation. This Presentation and its contents are confidential and must not be distributed or passed on, directly or indirectly, to any other person. This
presentation is being supplied to you solely for your information and may not be reproduced, further distributed or published in whole or in part by any other person.
No representation or warranty, express or implied, is made or given by or on behalf of the Company, its advisers or any of their respective parent or subsidiary undertakings or the subsidiary
undertakings of any such parent undertakings or any of the directors, officers or employees of any such person as to the accuracy, completeness or fairness of the information or opinions contained in
this Presentation and no responsibility or liability is accepted by any person for such information or opinions or for any liability, howsoever arising (directly or indirectly) from the use of this Presentation
or its content or otherwise in connection therewith. No person has been authorised to give any information or make any representations other than those contained in this Presentation and, if given
and/or made, such information or representations must not be relied upon as having been so authorised. The contents of this Presentation are not to be construed as legal, financial or tax advice.
The information has not been verified nor independently verified by the Company’s advisers and is subject to material updating, revision and further amendment.
The Company has not been, and will not be, registered under the United States Investment Company Act of 1940, as amended, and investors will not be entitled to the benefits of that Act.
Neither this Presentation nor any copy of it may be taken or transmitted into the United States of America or its territories or possessions (the “United States”), or distributed, directly or indirectly, in the
United States, or to any U.S Person as defined in Regulation S under the Securities Act 1933 as amended, including U.S resident corporations or other entities organised under the laws of the United
States or any state thereof or non-U.S branches or agencies of such corporations or entities or into Canada, Australia, Japan, South Africa or the Republic of Ireland. Neither this Presentation nor any
copy of it may be taken or transmitted into or distributed in Canada, Australia, Japan, South Africa or the Republic of Ireland, or any other jurisdiction which prohibits the same except in compliance
with applicable securities laws. Any failure to comply with this restriction may constitute a violation of United States or other national securities law.
Forward-Looking Statements. Information contained in this Presentation may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including,
without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating
to the Company's business) are forward-looking statements.
Such forward-looking statements are based on a number of assumptions regarding the Company's present and future business strategies and the environment in which the Company expects to
operate in future. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of factors. These forward-looking statements speak only as
to the date of this Presentation and cannot be relied upon as a guide to future performance. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to
any forward-looking statements contained in this Presentation to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any
statement is based.
2
3. Shanta Overview
• Gold explorer/developer, approaching first production
• AIM-listed (Ticker: SHG)
• Tanzania-focused
• 2.6Moz JORC-compliant resource
• Strong team
• in-country experience
• successful track record in exploration,
development, operations
• Two advanced projects
• New Luika
• Singida
• Growth pipeline
• JV with Great Basin Gold
3
4. Corporate Summary
0.45 21,000
0.40 18,000
0.35 15,000
Share price (£)
Volume (000s)
0.30 12,000
0.25 9,000
0.20 6,000
0.15 3,000
0.10 0
Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12
FTSE AIM All Share: Basic Resources (rebased) Shanta Gold Ltd.
Financial Summary (1) Top Shareholders
Share Price £0.22 Blakeney 35.0m 10.9%
52-week High £0.42 Export Trading 32.0m 10.1%
52-week Low £0.17 Investec 17.0m 5.3%
Shares outstanding 318.8m Great Basin Gold 12.4m 3.9%
Market cap. $110m Blackrock 10.7m 3.4%
Cash (April – post placing) $41m W. Imrie (Exec. Chairman) 10.2m 3.2%
Debt $20m Generali 4.5m 1.4%
Enterprise Value $89m Majedie 5.6m 1.7%
(1) As of market close on 21 June 2012 Source: FactSet & investor disclosures as at 21 June 2012
4
5. Board and Key Management
Walton Imrie
Executive Chairman
34 years’ gold exploration, mining experience
Gareth Taylor
Chief Executive Officer
37 years’ total mining experience, eight in Tanzania as GM of AngloGold Ashanti’s Geita Mine
Edward Johnstone FCA
Chief Financial Officer
7 years’ experience in East Africa, 5 years’ experience in the mining sector
Paul Heber
Non-executive Director
19 years’ total mining experience, six in Tanzania
Ketan Patel
Non-executive Director
23-year business career in Tanzania
Maheshkumar Patel
Alternative Director
Tanzanian businessman with extensive experience at board level
Peet Prinsloo
Head of geology and exploration
Braam Jankowitz
Geologist, General Manager of New Luika
Philbert Rweyemamu
Mining Engineer, General Manager of Singida
5
6. Why Tanzania?
• Africa’s third-largest gold
producer
• Fraser Institute Policy
Potential Index: ranks
ahead of South Africa
• Stable democracy
• Sound, well-
administered mining
legislation
• Workable tax regime
• Good infrastructure
• Small, under-explored
orebodies
6
8. 1st project approaching production –
New Luika Gold Mine Bauhinia Creek Pit (24 March 2012)
• 100% owned
• 974,153 resource at 3.12g/t
(1g/t cut-off)
• First gold pour mid-Q3 2012
• June 2010 feasibility study highlights:
• LOM gold production: c.450Koz
• Average grade recovered: 2.7g/t
Ball Mills (3 June 2012)
• LOM: 10 years
• First three years total production of 175-
190,000oz at $560-610/oz total cost (1)
• Ore-bodies open at depth and along strike
• January 2012: 31m at 12.97g/t in total,
including 14m at 18.49g/t (CSR325)
• Increase in mineable resources and grade
expected Q2 2012
(1) As per September 2010 company estimates
8
9. New Luika (Bauhinia Creek) pit progression
January 2012 update - drilling highlights
April 2011 Borehole Result
CSR332 10m at 26.9g/t in total
CSR324 11m at 21.71g/t in total
CSR325 31m at 12.97g/t in total, including 14m at 18.49g/t
CSR338 14m at 11.6g/t in total
CSR330 13m at 8.19g/t in total
June 2011(1) CSR331 6m at 11.93g/t and 8m at 13.24g/t in total
January 2012
Old June 2011 pit
(to 120m)
New pit (2)
(1) Temporary pit
(2) Internal conceptual design
(to 200m)
Increase in pit size to include higher grade
resources to 200 metres depth
9
10. New Luika – commissioning underway
Mining Plant & Infrastructure
• Ore mining commenced November 2011 • Achieved plant wet commissioning
(over 100Kt stockpiled)
• Hot commissioning to commence imminently
• Stockpiles estimated to contain over
22,000oz ready for processing • Crushing circuit complete; milling and leaching
circuits approaching completion
• High grade stockpiles provide
commissioning flexibility • On-site laboratory fully commissioned allowing
quick turnaround of assays for grade and
• First gold production expected by mid-Q3 metallurgical controls
• Q4 guidance of 13,000 - 17,500 • Power infrastructure complete (6x diesel generator
ounces of gold sets – 8.5Mwt)
• River weir construction complete
Crushing Circuit (22 June 2012)
10
11. New Luika Plant
Metallurgical Lab (1 April 2012) Crushing Circuit (23 June 2012) Ball Mills (7 June 2012)
Leach Tanks (17 June 2012) Tailings Screening (18 June 2012) Gold Room (17 June 2012)
11
12. Singida – next golden opportunity
Singida updated feasibility (August 2011)
• Minor royalty agreement with JV partner
Total tonnes mined million 23.5
• 858,485oz resource at 2.84g/t (1g/t cut-off)
Total tonnes treated million 2.5
• Four open pits for mining flexibility Annual treatment rate t 255,000
• $130M NPV11 @ 1200$/oz Total construction cost US$ million 30
LOM gold production oz 450,000
• Ore-bodies open at depth
Average grade recovered g/t 5.43
• First three years total production of 170-
Average annual production oz 45,000
200,000oz at $210-310/oz total cost (1)
Return on investment % 120
• Project development and financing strategy to
be executed post commencement of gold Net present value 11% US$ million 130
production at New Luika LOM years 10
(1) As of August 2011
Gold price of 1,200$/oz used in financials
12
13. Growth pipeline
• JV with Great Basin Gold covering prolific
Lupa goldfields in SW Tanzania
• Exploration underway, c.3,800 km2 of
target area
• Drilling has commenced on initial targets
• Deal structure
• 80% SHG – 20% GBG
• First earn-in of US$2m by Dec. 2012
• Total $12m earn-in by Dec. 2014
• Exploration upside within New Luika licence
• Elizabeth Hill
• Wide vein system c.2km from plant
• 800m drilled, open along strike and at
depth
• Black Tree Hill
• Near-vertical vein system directly
adjacent to plant
13
14. The right address – Lupa Goldfield licences under JV
New Luika
JV gives Shanta the opportunity
to earn-in to 80% of >100
exploration licences within the
Lupa Goldfield
14
15. Upcoming Milestones
Increased JORC resources to 2.6Moz Complete hot commissioning of the New Luika plant
Established $15m credit facility with FBN Bank Announce New Luika resource update
Commenced ore mining Strengthen board of directors
Constructed river weir for water to feed plant Achieve first gold pour at New Luika
Constructed tailings dam Achieve New Luika run rate production
Raised $40m through convertible loan note and equity placing Update New Luika mine plan post resource update
Commissioned geological on-site laboratory Progress exploration programme
Stockpiled ore estimated to contain over 22,000 ounces Execute Singida development strategy
Completed wet commissioning of the plant
Ore Stockpiles (17 June 2012)
15
16. Moving projects up the value curve
HIGH
New Luika
Singida
Exploration
Targets
LOW TIME
Pre-exploration Scoping study Feasibility study Mine construction Production
16
17. The case for small(er)
Vital statistics New Luika A bigger player
Exploration 3 years 5-7 years
Development 15 months 36-48 months
Construction cost $29.4M $400m
Average head grade > 2 g/t < 2 g/t
Production cost/oz $560-610 $700-900
Return on investment 71% 20% + is good
17