Western Areas NL presented at the Australian Nickel Conference with the theme "Maintaining the Momentum". The company highlighted its track record of exploring for, developing, and profitably producing nickel mines. It discussed its current operations and financial position. Western Areas also emphasized its focus on exploration and growth to take advantage of future increases in the nickel price and market.
Western Areas NL is Australia's class leading nickel producer. The document provides an overview of Western Areas' operations, including its Flying Fox and Spotted Quoll mines which produced a total of 31,000 tonnes of nickel in 2012. It also discusses the company's exploration and growth strategy and notes that Western Areas is well positioned to benefit from an anticipated upswing in the nickel market.
The document discusses the company's annual general meeting on June 16, 2010. It provides an overview of the company's performance in 2008-2009, including operational and financial highlights. Key accomplishments in 2009 included expanding production capacity, repaying loans, and completing a transaction to sell 25% of the Gibraltar Mine. Production and financial results improved steadily through 2009 and 2010. An overview is also given of the Prosperity gold-copper project, outlining reserves, production estimates, economics, and permitting status.
Copper prices have plummeted over the past week due to slowing economic growth in China and fears over the Chinese credit situation. Copper inventories have risen on the Shanghai exchange but fallen on the LME and COMEX, decreasing global stockpiles. European manufacturers are in a favorable position due to the copper price drop and a stronger euro. Chinese funds have been betting against copper due to concerns over Chinese demand and credit issues potentially unwinding financing deals.
Neil McMillan, President & CEO of Q1 Financials, presented highlights from Q1 2012. Key points included a significant increase in mineral reserves and resources at Seabee Gold Operation, completion of the St. Eugene Mining acquisition, and appointment of Peter Longo as VP of Operations. Financial highlights showed increased revenues and average gold prices compared to Q1 2011, though net profits decreased. Exploration plans for 2012 focus on continued reserve growth at Seabee and advancing projects at Amisk and Madsen.
This weekly report from Lincoln Crowne & Company provides an overview of the copper and gold markets and notable company announcements:
- Copper and gold prices rebounded on signals the US Fed may maintain economic stimulus. Freeport resumed shipments from Grasberg and Rio Tinto shipped first copper from Oyu Tolgoi.
- China's copper imports in June rose nearly 6% from May to the highest level since September 2012. However, H1 2013 imports are down 15% year-on-year.
- The DRC delayed a ban on copper and cobalt concentrate exports until year-end to allow miners to clear stockpiles. Codelco needs more funding to achieve its production targets.
SilverCrest Mines | Corporate Presentation | September 2012Silvercrestmines
This document provides forward-looking production estimates and financial information for SilverCrest Mines Inc., a precious metals mining company. It summarizes the company's operating results for the second quarter of 2012, including silver and gold production and cash costs. It also outlines the company's mineral resource estimates across its properties and management's experience. However, readers are cautioned that the information presented is forward-looking and subject to various risks and uncertainties.
The document provides an overview of Q3 2012 financial and operating results for Claude Resources Inc. Key highlights include:
- Net profit of $3.0 million and cash flow from operations of $8.6 million.
- Gold production of 15,073 ounces at a total cash cost of $920 per ounce.
- Continued exploration success extending resources at Santoy Gap and confirming continuity.
- Capital projects on track to increase production including shaft extension and mill expansion.
- Management additions bringing significant operating experience to optimize operations.
- Outlook focuses on increasing production and reserves while advancing projects like Amisk.
This document provides an overview of Q4 and annual financial results for 2011, as well as an outlook for 2012. Key highlights include:
- Revenues of $19.9 million for Q4 2011 and $69.7 million for the full year.
- Gold production of 11,855 ounces for Q4 2011 and 44,632 ounces for the full year.
- Cash costs per ounce of $1,130 for Q4 2011 and $908 for the full year.
- Forecast gold production of 50,500 ounces for 2012 with initial production from the L62 zone in the second half of the year.
- Exploration program of 130,000 meters of drilling at Seab
Western Areas NL is Australia's class leading nickel producer. The document provides an overview of Western Areas' operations, including its Flying Fox and Spotted Quoll mines which produced a total of 31,000 tonnes of nickel in 2012. It also discusses the company's exploration and growth strategy and notes that Western Areas is well positioned to benefit from an anticipated upswing in the nickel market.
The document discusses the company's annual general meeting on June 16, 2010. It provides an overview of the company's performance in 2008-2009, including operational and financial highlights. Key accomplishments in 2009 included expanding production capacity, repaying loans, and completing a transaction to sell 25% of the Gibraltar Mine. Production and financial results improved steadily through 2009 and 2010. An overview is also given of the Prosperity gold-copper project, outlining reserves, production estimates, economics, and permitting status.
Copper prices have plummeted over the past week due to slowing economic growth in China and fears over the Chinese credit situation. Copper inventories have risen on the Shanghai exchange but fallen on the LME and COMEX, decreasing global stockpiles. European manufacturers are in a favorable position due to the copper price drop and a stronger euro. Chinese funds have been betting against copper due to concerns over Chinese demand and credit issues potentially unwinding financing deals.
Neil McMillan, President & CEO of Q1 Financials, presented highlights from Q1 2012. Key points included a significant increase in mineral reserves and resources at Seabee Gold Operation, completion of the St. Eugene Mining acquisition, and appointment of Peter Longo as VP of Operations. Financial highlights showed increased revenues and average gold prices compared to Q1 2011, though net profits decreased. Exploration plans for 2012 focus on continued reserve growth at Seabee and advancing projects at Amisk and Madsen.
This weekly report from Lincoln Crowne & Company provides an overview of the copper and gold markets and notable company announcements:
- Copper and gold prices rebounded on signals the US Fed may maintain economic stimulus. Freeport resumed shipments from Grasberg and Rio Tinto shipped first copper from Oyu Tolgoi.
- China's copper imports in June rose nearly 6% from May to the highest level since September 2012. However, H1 2013 imports are down 15% year-on-year.
- The DRC delayed a ban on copper and cobalt concentrate exports until year-end to allow miners to clear stockpiles. Codelco needs more funding to achieve its production targets.
SilverCrest Mines | Corporate Presentation | September 2012Silvercrestmines
This document provides forward-looking production estimates and financial information for SilverCrest Mines Inc., a precious metals mining company. It summarizes the company's operating results for the second quarter of 2012, including silver and gold production and cash costs. It also outlines the company's mineral resource estimates across its properties and management's experience. However, readers are cautioned that the information presented is forward-looking and subject to various risks and uncertainties.
The document provides an overview of Q3 2012 financial and operating results for Claude Resources Inc. Key highlights include:
- Net profit of $3.0 million and cash flow from operations of $8.6 million.
- Gold production of 15,073 ounces at a total cash cost of $920 per ounce.
- Continued exploration success extending resources at Santoy Gap and confirming continuity.
- Capital projects on track to increase production including shaft extension and mill expansion.
- Management additions bringing significant operating experience to optimize operations.
- Outlook focuses on increasing production and reserves while advancing projects like Amisk.
This document provides an overview of Q4 and annual financial results for 2011, as well as an outlook for 2012. Key highlights include:
- Revenues of $19.9 million for Q4 2011 and $69.7 million for the full year.
- Gold production of 11,855 ounces for Q4 2011 and 44,632 ounces for the full year.
- Cash costs per ounce of $1,130 for Q4 2011 and $908 for the full year.
- Forecast gold production of 50,500 ounces for 2012 with initial production from the L62 zone in the second half of the year.
- Exploration program of 130,000 meters of drilling at Seab
This report provides a weekly summary of commodity prices and economic indicators related to copper and gold. It discusses recent developments at major copper and gold companies, including lower production at Codelco, new copper concentrate pricing indexes, and labor issues at Glencore Xstrata's Tintaya-Antapaccay mine in Peru. It also notes that China's copper consumption is expected to rise by 700,000 tonnes in 2014 while production could increase 600,000-650,000 tonnes. Gold prices broke through a key support level and net gold imports to China through Hong Kong in the first two months of the year rose almost 140% compared to the same period in 2013.
Agnico-Eagle Mines reported record quarterly gold production from its currently operating mines of 254,955 ounces in Q1 2012, a 19% increase over Q1 2011. Total cash costs were $594 per ounce. Net income was $79 million, up 74% year-over-year. Cash provided by operating activities was $196 million. Production is expected to grow further from existing long-life assets through exploration and mine plan optimization. The company aims to continue generating strong cash flows to fund growth and maintain its dividend.
This document summarizes housing sales data for Lake Elsinore, CA from 2008 to 2009. It shows that in 2008 there were 1,154 total home sales with an average of 105 sales per month and a median home price of $288,185,378. In the first half of 2009, there were 578 home sales with a median price of $212,658. The average price per square foot declined from $131 in 2008 to $103 in 2009.
Agnico-Eagle Mines Limited reported strong second quarter 2012 results, with record quarterly gold production from currently operating mines of 265,350 ounces at total cash costs of $660 per ounce. Cash provided by operating activities was a record $194 million for the quarter. Production guidance for 2012 was increased to approximately 975,000 ounces of gold. The company has a portfolio of quality, long-life mines that continue to perform well and provide low-risk production growth from existing assets. Significant exploration upside and reserve growth have been demonstrated at the company's 100%-owned assets.
The document provides an overview of Aurico Gold's commitment to shareholder value creation. It summarizes Aurico's high quality, low cost asset base which includes the Young-Davidson and El Chanate mines. It also discusses Aurico's organic production growth profile, strong balance sheet, and shareholder friendly initiatives such as its dividend policy. The document contains forward-looking statements and notes that actual results may differ materially from projections. It also cautions US investors regarding the use of measured, indicated and inferred resource terminology.
Russell Ball, EVP and CFO of Newmont Mining Corporation, presented at the CIBC Institutional Investor Conference on January 23, 2013. Newmont's 2013 outlook reflects stable production from its portfolio, with contribution expected from the Akyem mine in late 2013. Newmont is focused on total cost management and returning capital to shareholders through its gold price-linked dividend, currently yielding approximately 3.8%. Newmont aims to create leverage through reducing its all-in sustaining costs, which are expected to be $1,100-$1,200 per ounce in 2013.
Agnico-Eagle Mines reported record annual gold production of 1,043,811 ounces in 2012 at a total cash cost of $640 per ounce. Cash flows from operations reached a record $696 million. Production is expected to increase to approximately 990,000 ounces in 2013 and reach over 1.2 million ounces by 2015 through contributions from new projects. Capital expenditures will be focused on expanding the Kittila mine and advancing new projects.
This document provides Richard O'Brien's presentation at the Bank of Montreal Metals and Mining Conference on February 27, 2012. The presentation highlights Newmont Mining Corporation's growth potential through 2017, competitive project returns, and exploration upside. It discusses Newmont's record 2011 financial results, leadership in key metrics like reserves and production per share, and outlook for 2012 of attributing gold production of 5.0-5.2 million ounces and copper production of 150-170 million pounds.
Russell Clark discusses rebuilding Newmont Mining Corporation as the gold company of choice. Key points include focusing on the core gold business, disciplined project execution, and exploration for growth. Newmont has assets in North America, South America, Africa, and Asia-Pacific that produced over 5.5 million ounces of gold in 2006. The presentation provides production and cost outlooks for 2007 for each of Newmont's operating regions.
Claude Resources Inc. Q4 2012 Conference Call and Webcast PresentationClaude Resources Inc.
Neil McMillan, President and CEO of Claude Resources Inc., presented the company's 2012 financial and operating results on March 28, 2013. Key highlights included net profit of $5.6 million, cash flow from operations of $25.8 million, gold sales increasing 16% to 48,672 ounces, and production reaching a record 49,570 ounces. The presentation also provided details on the company's financial position, debt facilities, operations at Seabee Gold Operation and exploration projects, and production and cost guidance for 2013.
PDAC 2013 Corporate Presentation Forum for InvestorsAuRico Gold
AuRico Gold provided a corporate presentation outlining its commitment to shareholder value creation. The presentation summarized AuRico's streamlined asset base which includes the high-quality, low-cost Young-Davidson and El Chanate mines located in Canada and Mexico, respectively. AuRico also highlighted its organic growth profile at Young-Davidson, peer-leading balance sheet, and shareholder-friendly initiatives including a dividend policy. AuRico estimates 2013 gold production of 190,000-220,000 ounces at total cash costs of $575-$675 per ounce from its two core operations.
This document discusses development assistance for global health issues like AIDS. It shows that while funding for AIDS assistance increased from 2002 to 2008, it has declined since. It also discusses the debate around coordinating different donor agencies that provide health aid for specific diseases separately. While increased coordination seems obvious, different agencies have separate targets and structures that have made overall coordination challenging to achieve. The document argues that a common fund and allowing donors to support ministry campaigns while keeping priorities could help address this issue and get past obvious solutions to actually achieve more coordination.
Agnico-Eagle Mines Limited reported its third quarter 2012 results in October 2012. The company achieved record quarterly gold production of 286,971 ounces at total cash costs of $556 per ounce. Cash flow from operations was also a record at $199 million for the quarter. Agnico increased its 2012 gold production guidance to approximately 1,025,000 ounces and lowered its total cash cost guidance to approximately $660 per ounce. The company's portfolio of long-life mines continued to perform well, and it expects low political risk and meaningful production growth from existing assets.
Bob White - State of the Market by the NumbersRyan Slack
Beyond Distress
1) Transaction volumes were strong in the second quarter and first half of 2011, with a broad rebound in sales across most major property types. Office, apartment, retail, seniors and care facilities, hotels, and industrial properties all saw significant year-over-year increases in sales volumes.
2) However, US investment markets may be stumbling as the commercial mortgage-backed securities (CMBS) market has become turbulent with conduits pulling back on issuance significantly compared to recent quarters.
3) The amount of distressed properties is improving slowly, with additions to distress down but still significant and sales of distressed properties rising, suggesting an end to the "extend and pretend" approach some
The document provides a weekly report on the Australian copper and gold markets. It includes the following key points:
1) Preliminary data shows the global refined copper market had a 193,000 tonne deficit in 2013, compared to a 266,000 tonne deficit in 2012, indicating the market was not in a surplus as previously expected.
2) Chinese refined copper output rose 6.6% in the first two months of 2014, while several large Chinese smelters have agreed to jointly boost copper exports to cope with low domestic prices.
3) A technical problem at Jinchuan Group will reduce its copper and nickel production over the next 3-4 months as it repairs oxygen production facilities.
1) Agnico-Eagle Mines Limited provided a corporate update in April 2012 that included forward-looking statements and notes to investors.
2) The update discussed Agnico-Eagle's positioned to deliver enhanced leverage to gold through reserve growth, production growth, and net free cash flow. Gold production is expected to increase 24% from 2011 to 2014 from currently operating mines.
3) Financial details provided include $221 million in cash and cash equivalents as of December 31, 2011, $920 million in long-term debt, and $880 million in available credit facilities. Common shares outstanding were 170.3 million.
Lincoln Crowne & Company Weekly report on the Australian Copper & Gold Sectors - dated 29 July 2013. Continuing soft conditions on the AUD providing ongoing support for Aussie gold producers
- Western Areas is an Australian nickel mining company that presented at its corporate presentation in December 2014.
- In FY2014, Western Areas produced 28,686 tonnes of nickel in ore and 25,700 tonnes of nickel in concentrate, with a cash cost of $2.50 per pound of nickel in concentrate.
- For FY2015, Western Areas provided production guidance of 25,000-27,000 tonnes of nickel in ore and 24,500-25,500 tonnes of nickel in concentrate, with a cash cost guidance of $2.70-2.80 per pound.
This corporate presentation by Western Areas provides an overview of the company's operations, exploration and growth outlook, and nickel market. Key highlights include a low lost time injury frequency rate, nickel production in FY14 of 25,700 tonnes at a cash cost of A$2.50/lb, and FY15 guidance of 24,500-25,500 tonnes of nickel in concentrate at a cost of A$2.70-2.80/lb. The company operates two high-grade nickel mines, Flying Fox and Spotted Quoll, and a concentrator with nameplate capacity of 550,000 tonnes per annum and concentrate grades around 14% nickel.
Western Areas Limited acquired the Cosmos Nickel Complex for A$24.5 million. The Cosmos Nickel Complex includes 26 tenements covering 88 square kilometers containing an 17-kilometer long ultramafic belt that hosts high-tenor nickel sulphide deposits similar to Western Areas' Forrestania operations. The acquisition provides Western Areas with an additional operation and exploration potential in an under-explored region proximal to BHP Billiton's nickel assets. The purchase price will be paid in deferred tranches over 18 months to fund exploration and potential development from Western Areas' existing cash reserves.
This report provides a weekly summary of commodity prices and economic indicators related to copper and gold. It discusses recent developments at major copper and gold companies, including lower production at Codelco, new copper concentrate pricing indexes, and labor issues at Glencore Xstrata's Tintaya-Antapaccay mine in Peru. It also notes that China's copper consumption is expected to rise by 700,000 tonnes in 2014 while production could increase 600,000-650,000 tonnes. Gold prices broke through a key support level and net gold imports to China through Hong Kong in the first two months of the year rose almost 140% compared to the same period in 2013.
Agnico-Eagle Mines reported record quarterly gold production from its currently operating mines of 254,955 ounces in Q1 2012, a 19% increase over Q1 2011. Total cash costs were $594 per ounce. Net income was $79 million, up 74% year-over-year. Cash provided by operating activities was $196 million. Production is expected to grow further from existing long-life assets through exploration and mine plan optimization. The company aims to continue generating strong cash flows to fund growth and maintain its dividend.
This document summarizes housing sales data for Lake Elsinore, CA from 2008 to 2009. It shows that in 2008 there were 1,154 total home sales with an average of 105 sales per month and a median home price of $288,185,378. In the first half of 2009, there were 578 home sales with a median price of $212,658. The average price per square foot declined from $131 in 2008 to $103 in 2009.
Agnico-Eagle Mines Limited reported strong second quarter 2012 results, with record quarterly gold production from currently operating mines of 265,350 ounces at total cash costs of $660 per ounce. Cash provided by operating activities was a record $194 million for the quarter. Production guidance for 2012 was increased to approximately 975,000 ounces of gold. The company has a portfolio of quality, long-life mines that continue to perform well and provide low-risk production growth from existing assets. Significant exploration upside and reserve growth have been demonstrated at the company's 100%-owned assets.
The document provides an overview of Aurico Gold's commitment to shareholder value creation. It summarizes Aurico's high quality, low cost asset base which includes the Young-Davidson and El Chanate mines. It also discusses Aurico's organic production growth profile, strong balance sheet, and shareholder friendly initiatives such as its dividend policy. The document contains forward-looking statements and notes that actual results may differ materially from projections. It also cautions US investors regarding the use of measured, indicated and inferred resource terminology.
Russell Ball, EVP and CFO of Newmont Mining Corporation, presented at the CIBC Institutional Investor Conference on January 23, 2013. Newmont's 2013 outlook reflects stable production from its portfolio, with contribution expected from the Akyem mine in late 2013. Newmont is focused on total cost management and returning capital to shareholders through its gold price-linked dividend, currently yielding approximately 3.8%. Newmont aims to create leverage through reducing its all-in sustaining costs, which are expected to be $1,100-$1,200 per ounce in 2013.
Agnico-Eagle Mines reported record annual gold production of 1,043,811 ounces in 2012 at a total cash cost of $640 per ounce. Cash flows from operations reached a record $696 million. Production is expected to increase to approximately 990,000 ounces in 2013 and reach over 1.2 million ounces by 2015 through contributions from new projects. Capital expenditures will be focused on expanding the Kittila mine and advancing new projects.
This document provides Richard O'Brien's presentation at the Bank of Montreal Metals and Mining Conference on February 27, 2012. The presentation highlights Newmont Mining Corporation's growth potential through 2017, competitive project returns, and exploration upside. It discusses Newmont's record 2011 financial results, leadership in key metrics like reserves and production per share, and outlook for 2012 of attributing gold production of 5.0-5.2 million ounces and copper production of 150-170 million pounds.
Russell Clark discusses rebuilding Newmont Mining Corporation as the gold company of choice. Key points include focusing on the core gold business, disciplined project execution, and exploration for growth. Newmont has assets in North America, South America, Africa, and Asia-Pacific that produced over 5.5 million ounces of gold in 2006. The presentation provides production and cost outlooks for 2007 for each of Newmont's operating regions.
Claude Resources Inc. Q4 2012 Conference Call and Webcast PresentationClaude Resources Inc.
Neil McMillan, President and CEO of Claude Resources Inc., presented the company's 2012 financial and operating results on March 28, 2013. Key highlights included net profit of $5.6 million, cash flow from operations of $25.8 million, gold sales increasing 16% to 48,672 ounces, and production reaching a record 49,570 ounces. The presentation also provided details on the company's financial position, debt facilities, operations at Seabee Gold Operation and exploration projects, and production and cost guidance for 2013.
PDAC 2013 Corporate Presentation Forum for InvestorsAuRico Gold
AuRico Gold provided a corporate presentation outlining its commitment to shareholder value creation. The presentation summarized AuRico's streamlined asset base which includes the high-quality, low-cost Young-Davidson and El Chanate mines located in Canada and Mexico, respectively. AuRico also highlighted its organic growth profile at Young-Davidson, peer-leading balance sheet, and shareholder-friendly initiatives including a dividend policy. AuRico estimates 2013 gold production of 190,000-220,000 ounces at total cash costs of $575-$675 per ounce from its two core operations.
This document discusses development assistance for global health issues like AIDS. It shows that while funding for AIDS assistance increased from 2002 to 2008, it has declined since. It also discusses the debate around coordinating different donor agencies that provide health aid for specific diseases separately. While increased coordination seems obvious, different agencies have separate targets and structures that have made overall coordination challenging to achieve. The document argues that a common fund and allowing donors to support ministry campaigns while keeping priorities could help address this issue and get past obvious solutions to actually achieve more coordination.
Agnico-Eagle Mines Limited reported its third quarter 2012 results in October 2012. The company achieved record quarterly gold production of 286,971 ounces at total cash costs of $556 per ounce. Cash flow from operations was also a record at $199 million for the quarter. Agnico increased its 2012 gold production guidance to approximately 1,025,000 ounces and lowered its total cash cost guidance to approximately $660 per ounce. The company's portfolio of long-life mines continued to perform well, and it expects low political risk and meaningful production growth from existing assets.
Bob White - State of the Market by the NumbersRyan Slack
Beyond Distress
1) Transaction volumes were strong in the second quarter and first half of 2011, with a broad rebound in sales across most major property types. Office, apartment, retail, seniors and care facilities, hotels, and industrial properties all saw significant year-over-year increases in sales volumes.
2) However, US investment markets may be stumbling as the commercial mortgage-backed securities (CMBS) market has become turbulent with conduits pulling back on issuance significantly compared to recent quarters.
3) The amount of distressed properties is improving slowly, with additions to distress down but still significant and sales of distressed properties rising, suggesting an end to the "extend and pretend" approach some
The document provides a weekly report on the Australian copper and gold markets. It includes the following key points:
1) Preliminary data shows the global refined copper market had a 193,000 tonne deficit in 2013, compared to a 266,000 tonne deficit in 2012, indicating the market was not in a surplus as previously expected.
2) Chinese refined copper output rose 6.6% in the first two months of 2014, while several large Chinese smelters have agreed to jointly boost copper exports to cope with low domestic prices.
3) A technical problem at Jinchuan Group will reduce its copper and nickel production over the next 3-4 months as it repairs oxygen production facilities.
1) Agnico-Eagle Mines Limited provided a corporate update in April 2012 that included forward-looking statements and notes to investors.
2) The update discussed Agnico-Eagle's positioned to deliver enhanced leverage to gold through reserve growth, production growth, and net free cash flow. Gold production is expected to increase 24% from 2011 to 2014 from currently operating mines.
3) Financial details provided include $221 million in cash and cash equivalents as of December 31, 2011, $920 million in long-term debt, and $880 million in available credit facilities. Common shares outstanding were 170.3 million.
Lincoln Crowne & Company Weekly report on the Australian Copper & Gold Sectors - dated 29 July 2013. Continuing soft conditions on the AUD providing ongoing support for Aussie gold producers
- Western Areas is an Australian nickel mining company that presented at its corporate presentation in December 2014.
- In FY2014, Western Areas produced 28,686 tonnes of nickel in ore and 25,700 tonnes of nickel in concentrate, with a cash cost of $2.50 per pound of nickel in concentrate.
- For FY2015, Western Areas provided production guidance of 25,000-27,000 tonnes of nickel in ore and 24,500-25,500 tonnes of nickel in concentrate, with a cash cost guidance of $2.70-2.80 per pound.
This corporate presentation by Western Areas provides an overview of the company's operations, exploration and growth outlook, and nickel market. Key highlights include a low lost time injury frequency rate, nickel production in FY14 of 25,700 tonnes at a cash cost of A$2.50/lb, and FY15 guidance of 24,500-25,500 tonnes of nickel in concentrate at a cost of A$2.70-2.80/lb. The company operates two high-grade nickel mines, Flying Fox and Spotted Quoll, and a concentrator with nameplate capacity of 550,000 tonnes per annum and concentrate grades around 14% nickel.
Western Areas Limited acquired the Cosmos Nickel Complex for A$24.5 million. The Cosmos Nickel Complex includes 26 tenements covering 88 square kilometers containing an 17-kilometer long ultramafic belt that hosts high-tenor nickel sulphide deposits similar to Western Areas' Forrestania operations. The acquisition provides Western Areas with an additional operation and exploration potential in an under-explored region proximal to BHP Billiton's nickel assets. The purchase price will be paid in deferred tranches over 18 months to fund exploration and potential development from Western Areas' existing cash reserves.
Macquarie Gold, Managing Director, Dr Ted AmblerSymposium
Macquarie Gold Limited is seeking to list on the ASX to fund development of the Adelong Gold Field in New South Wales. The project includes a 120,000 ounce JORC-compliant resource that is ready for open cut mining, as well as exploration licenses covering the historic field that produced over 21 tonnes of gold. Funds from the proposed $12.5 million IPO will be used to construct a processing plant and mine the known resource, with plans to produce an average of 15,000 ounces of gold per year. Drilling will also aim to expand resources across the field and increase the total to over 1 million ounces.
This corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and nickel market outlook. Key points include:
- The company produces nickel concentrate from its Flying Fox and Spotted Quoll mines in Forrestania, with a third potential mine at Cosmos approved.
- Its growth pipeline includes the Odysseus project, which has over 160,000 tonnes of nickel in reserves and is expected to produce an average of 13,000 tonnes of nickel per year.
- The Mill Recovery Enhancement Project is commissioned, producing an additional high-grade nickel product to generate value from waste tailings and target new customers.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and guidance for fiscal year 2019. Key points include plans to increase nickel production to 20,500-22,000 tonnes while maintaining costs of $2.80-3.20/lb. Major growth projects include the Odysseus mine expansion with an estimated 13,000 tonnes of annual nickel production and a 10 year mine life. The presentation also details the commissioning of the Mill Recovery Enhancement Project to produce a higher grade nickel product and open new markets.
Avion Gold Corporation is a gold mining company with operations in Mali, West Africa. It produced 51,000 ounces of gold in 2009 and is projecting production of 75,000-85,000 ounces in 2010. The company has a large land package in Mali totaling over 500 square kilometers that contains a current NI 43-101 compliant resource of over 3.65 million ounces of gold. Avion plans to ramp up production to 200,000 ounces per year by 2012 through mine expansions and exploration drilling. The company trades on the TSX Venture Exchange under the symbol AVR.
Secova Metals Corp. is a Canadian gold exploration company focused on projects in Quebec. It has two main projects - the Duvay/Chenier property and the recently acquired Eagle River project near Windfall Lake. The Eagle River project is located near several other significant gold projects in the area that have seen a lot of exploration success and financing recently. Secova's CEO Brad Kitchen was previously involved in advancing the Windfall Lake project and is experienced exploring for gold in the region. Secova recently raised $2.5 million and will use the funds for exploration programs on both of its projects, as well as general expenses. The report provides an overview of the company and its projects and discusses the positive outlook for
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Richard Beazley, Peak Resources
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Nigel Ferguson, African Metals
Symposium resources roadshow white rock minerals geoff loweSymposium
White Rock Minerals Ltd is an Australian mining company focused on developing its Mt Carrington gold and silver project located in New South Wales, Australia. The project contains a February 2012 resource estimate of 284,000 ounces of gold and 23.3 million ounces of silver. White Rock has $4.5 million in cash and no debt as of December 31, 2011. Managing Director Geoff Lowe presented details on the project's history, resources, exploration potential, and plans for 2012.
This document contains a summary report on base and precious metal prices and mining company news from Terra Studio. It discusses issues like rising impurity levels in copper concentrates from lower grade mines, Codelco's plans to invest $29 billion and sell bonds to fund expansion, and Rio Tinto leaving $4.2 billion in financing for its Oyu Tolgoi project in Mongolia unresolved. It also provides updates on company acquisitions, funding deals, and production figures from miners like Vale and MMG.
The document summarizes an Australian nickel conference agenda and provides a disclaimer. It discusses Western Areas Ltd's Odysseus Project which includes:
- A 10+ year mine life with average annual nickel production of over 13ktpa once ramped up
- A DFS released showing a pre-production capital cost of $299m and average operating cost of $2.65/lb of nickel in concentrate
- Potential to significantly increase resources through exploration of nearby deposits and regions
This document provides an overview and summary of the 3rd Annual Mongolia – Trade and Commodity Finance Conference. It discusses the near and medium term outlook for Mongolia's mining sector, particularly for copper and metallurgical coal. Globally, demand from China has slowed and supply has caught up for many commodities. For Mongolia, exports and foreign direct investment are under pressure as prices fall. Copper prices are expected to remain under short term pressure but have structural long term support. Metallurgical coal has limited upside. Capital markets have seen weak equity markets and a drop in mining valuations, though bank liquidity remains strong. To realize its mineral potential, Mongolia needs a reliable regulatory environment to attract long term
Gold 2013 Sydney - Independence Group ASX:IGOSymposium
Investor Presentation at the 2013 Gold Investment Symposium in Sydney, 16-17 October 2013. Presentation given by Independence Group's Managing Director, Chris Bonwick.
Presentation Given By Managing Director Andrew Woskett At The Symposium Broke...Minotaur Exploration
Minotaur Exploration Ltd owns nickel sulphide assets in Western Australia that represent a Tier 1 portfolio. This includes the Leinster, Scotia, and Kambalda West projects which contain multiple targets and historic nickel deposits that remain open at depth and along strike with untested exploration potential. Minotaur will focus on advancing these assets which have the potential to increase existing resources and make new discoveries.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It includes sections on corporate operations and growth exploration, the nickel market, and disclaimers. The presentation agenda covers corporate information, key takeaways from the previous fiscal year including production metrics and cost guidance, fiscal year 2017 guidance, a history of consistent low-cost production, organic growth opportunities through exploration and development, managing through the commodity price cycle, an overview of the global nickel market including growing demand from electric vehicles, and details on Western Areas' current mining operations and nickel concentrate production.
Western Areas Ltd is an Australian nickel producer presenting on its operations and outlook. The presentation discusses Western Areas' asset base including two nickel mines, a concentrator, and exploration properties. It provides production results for the recent quarter, cash costs below $3/lb, and outlines contracts to supply over 25,000 tonnes of nickel concentrate annually. The presentation aims to position Western Areas as a profitable producer through the nickel price cycle with an expanding reserve base and growing production.
Similar to WSA Australian Nickel Conference Presentation October 2012 (20)
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and the nickel market. It discusses the company's key assets including its Cosmos mining complex and Forrestania mines. Western Areas is focused on consistently producing nickel concentrate while advancing projects like Odysseus to achieve long-term growth in production and reserves. Health and safety remains a top priority as the company works to operate efficiently and responsibly.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and the nickel market. It discusses the company's mining operations in Forrestania including Flying Fox and Spotted Quoll mines. The presentation also outlines its Cosmos Complex project including the Odysseus mine, which has a mine life of over 10 years. Additionally, it describes growth projects such as the Mill Recovery Enhancement Project and New Morning/Daybreak resource.
The corporate presentation provides an overview of Western Areas' operations, growth projects, and the nickel market. It discusses the company's Flying Fox and Spotted Quoll mines, its Cosmic Boy nickel concentrator, new offtake contracts, and growth pipeline including the Odysseus project. The presentation also provides production guidance for FY19 and details on the recently completed Odysseus definitive feasibility study, which outlines an increased reserve and longer mine life.
This document provides an agenda and overview for Western Areas' FY18 results, FY19 guidance, and corporate presentation. It summarizes the company's FY18 financial results including a net profit of A$11.8 million and cash balance of A$151.6 million with no debt. Guidance is provided for FY19 forecasted nickel production of 20,500 to 22,000 tonnes and cash costs of A$2.80/lb to A$3.20/lb. The corporate overview section outlines the company's key nickel assets in Western Australia including its Flying Fox, Spotted Quoll, and Cosmos mining operations which contain nickel reserves and resources.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth strategy, and nickel market outlook. Key points include:
- Western Areas is a leading mid-tier nickel producer with high grade, low cost assets in Australia.
- Operations include the Flying Fox and Spotted Quoll mines which produced 24.4kt of nickel in ore in FY18.
- The company is advancing the Cosmos Nickel Complex, with a DFS nearing completion and potential for >10 year mine life producing >12.5kt Ni/year.
- Exploration is targeting resource extensions and new discoveries near existing infrastructure to provide organic growth.
This presentation provides an overview of Western Areas Ltd and its nickel operations and growth projects. It begins with disclaimers and forward-looking statements. The presentation then summarizes the company's corporate details, operations including its Flying Fox and Spotted Quoll mines, and its growth pipeline including the Odysseus project at Cosmos and the Mill Recovery Enhancement Project. It highlights the positive outlook for nickel demand from batteries and the potential nickel deficit.
The corporate presentation provides an overview of Western Areas Ltd, including its operations, growth plans, nickel market outlook, and key highlights from the fiscal year. It discusses the company's high grade, low cost nickel assets in Australia, organic growth options, strong balance sheet with no debt, and positioning to benefit from rising nickel prices. It also outlines fiscal year 2018 guidance targets for production, costs, capital expenditures, and exploration spending.
The corporate presentation provides an overview of Western Areas Ltd, including its operations, growth projects, nickel market outlook, and key performance metrics. It discusses the company's high grade, low cost nickel assets in Australia, organic growth options, strong balance sheet with no debt, and positioning to benefit from an expected recovery in nickel prices. The presentation also outlines fiscal year 2018 production and cost guidance targets.
The corporate presentation provides an overview of Western Areas Ltd's operations, growth projects, and outlook. It discusses the company's high grade, low cost nickel assets in Australia; organic growth options like the Odysseus project and Mill Recovery Enhancement Project; and positioning to benefit from rising nickel prices. The presentation also notes zero debt, strong cash position, and consistency in delivering guidance. It provides production and cost guidance for fiscal year 2018.
This corporate presentation provides an overview of Western Areas Ltd's operations and growth strategy. It discusses the company's high grade, low cost nickel assets in Australia including the Flying Fox and Spotted Quoll mines. It also outlines the company's focus on innovation to drive efficiencies and organic growth, including through its Mill Recovery Enhancement Project. The presentation notes Western Areas' strong financial position with no debt and A$140.3 million in cash as of June 2017.
The presentation provides an overview of Western Areas Ltd, including:
- It discusses the company's corporate information, operations, nickel market, and growth agenda.
- Western Areas is a mid-tier nickel producer with mines in Forrestania, WA. It has a clean balance sheet with $112 million cash and is a consistent, low-cost producer.
- The presentation highlights new offtake contracts signed with Tsingshan, China's largest stainless steel producer, as well as operational improvements and growth projects underway.
This document provides an overview of Western Areas Ltd's corporate presentation from May 2017. It discusses the company's operations, growth projects, financial position, and key highlights from the quarter. The presentation covers Western Areas' low-cost nickel production assets in Australia, organic growth options, a strong balance sheet with $112 million cash and no debt, and recently improved long-term offtake agreements. It also summarizes the pre-feasibility study for the Odysseus project, which outlines plans to develop a new nickel mine with an estimated resource of 7.3 million tonnes at 2.4% nickel.
This document provides an agenda and overview for a Western Areas Ltd corporate presentation. The agenda includes sections on corporate growth, nickel market outlook, operations, and a disclaimer. Key highlights include Western Areas being a high grade, low cost nickel producer with organic growth options through exploration and projects like Odysseus. The presentation also notes updated fiscal year 2017 guidance with increased production and lower costs.
This presentation by Western Areas Ltd provides an overview of the company, the nickel market, and its operations. The key points are:
- Western Areas is an Australian nickel producer with low-cost operations and organic growth options. It has no debt and a strong balance sheet.
- The company updated its FY17 guidance to reflect higher production and lower costs compared to original guidance.
- It operates the Flying Fox and Spotted Quoll mines in Australia and has a nickel concentrator that produces a high-quality product.
- Exploration is ongoing at its existing operations and at the Cosmos Nickel Complex to add resources and extend mine life.
- The nickel market outlook is positive due to growing demand from stainless
This document provides an overview of Western Areas Ltd's presentation at the RIU Conference on 23 February 2017. It discusses the company's corporate highlights, financial performance, operations, growth exploration outlook, and innovation in battery markets. Western Areas is a leading mid-tier base metal producer with high quality nickel assets in Australia.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It includes sections on the nickel market, Western Areas' growth and exploration plans, operations, and key corporate information such as financial results, guidance, and new offtake contracts. The presentation discusses Western Areas' low-cost production, organic growth profile through reserve replacement and new discoveries, and strategy to manage costs and opportunities throughout the nickel price cycle.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It discusses the company's nickel assets, growth opportunities through exploration and projects like Cosmos, low-cost operations, and consistent production performance. Key points include Western Areas being a leading mid-tier base metals producer with high-grade, low-cost nickel mines in Australia, an organic growth profile through reserve/resource expansion and new discoveries, and a track record of managing costs and delivering on guidance through the commodity price cycle.
This document provides an overview and agenda for a corporate presentation by Western Areas Ltd. It includes sections on corporate operations, growth and exploration opportunities, and the nickel market. The document notes that Western Areas is a high-grade, low-cost nickel producer with operational cash flow positive at current prices. It has growth potential through near-mine and regional exploration projects as well as opportunities at its Cosmos Nickel Complex. The nickel market discussion indicates that the market is moving from a long period of oversupply to a forecast deficit in 2016, with increasing demand expected from electric vehicles and stainless steel applications.
The document is a corporate presentation by Western Areas Ltd outlining their operations, growth plans, and the nickel market. It provides an agenda for the presentation covering corporate operations, growth and exploration opportunities, and the nickel market. It then discusses the company's operations, financial results for FY2016 including production metrics and cost guidance, and organic growth opportunities through existing mining operations and exploration projects like the Cosmos Nickel Complex.
Western Areas Ltd presented at the Australian Nickel Conference on their operations, growth projects, and the nickel market outlook. They operate the high grade Flying Fox and Spotted Quoll nickel mines in Forrestania, Western Australia, and are pursuing growth through exploration at Cosmos and Odysseus nickel deposits, as well as regional exploration. The nickel market is forecast to move into deficit over the next few years due to mine closures in Indonesia and the Philippines and growing demand for batteries from electric vehicles.
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WSA Australian Nickel Conference Presentation October 2012
1. Western Areas NL
Australian Nickel Conference
Australian Nickel Conference
“Maintaining the Momentum”
g
“Think Nickel, think margins, think Western Areas”
1
2. Disclaimer and Forward Looking Statements
This presentation is being furnished to you solely for your information and for your use and may not be copied, reproduced or redistributed to any other person in any manner.
You agree to keep the contents of this presentation and these materials confidential. The information contained in this presentation does not constitute or form any part of any
offer or invitation to purchase any securities and neither the issue of the information nor anything contained herein shall form the basis of, or be relied upon in connection with,
any contract or commitment on the part of any person to proceed with any transaction.
y p yp p y
You must not take or transmit this presentation or a copy of this presentation into the United States or Japan or distribute it, directly or indirectly, in the United States or Japan or
to any US persons. By your acceptance of this document, you acknowledge that you are a not a “U.S. person” for the purposes of the US Securities Act. Neither this document, in
whole or in part, nor any copy thereof may be taken or transmitted to any other person. The distribution of this document to other persons or in other jurisdictions may be
restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these
restrictions may constitute a violation of the federal securities laws of the United States and the laws of other jurisdictions. The distribution of this presentation in other
jurisdictions may be restricted by law, and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions.
The information contained in this presentation has been prepared by Western Areas NL. No representation or warranty, express or implied, is or will be made in or in relation to,
and no responsibility or liability is or will be accepted by Western Areas NL, employees or representatives as to the accuracy or completeness of this information or any other
written or oral information made available to any interested party or its advisers and any liability therefore is hereby expressly disclaimed. No party has any obligation to notify
opinion changes or if it becomes aware of any inaccuracy in or omission from this presentation. All opinions and projections expressed in this presentation are given as of this date
and are subject to change without notice.
d bj t t h ith t ti
This document contains forward‐looking statements. These statements are subject to certain risks and uncertainties that could cause the performance or achievements of
Western Areas NL to differ materially from the information set forth herein, although such information reflects forecasts and projections prepared in good faith based upon
methods and data that are believed to be reasonable and accurate as at the dates thereof and although all reasonable care has been taken to ensure that the facts stated herein
are accurate and that the forward‐looking statements, opinions and expectations contained herein are based on fair and reasonable assumptions. Western Areas NL undertakes
no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward looking
no obligation to revise these forward‐looking statements to reflect subsequent events or circumstances Individuals should not place undue reliance on forward‐looking
statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect Western Areas NL’s view only as of
the date hereof.
The information within this PowerPoint presentation was compiled by Mr. Dan Lougher, but the information as it relates to mineral resources and reserves was prepared by Mr.
Dan Lougher and Mr. John Haywood. Mr. Lougher is a full time employee of Western Areas. Mr. Lougher is a members of AusIMM and has sufficient experience which is relevant
to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition
y yp p y y g q y p
of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Lougher consents to the inclusion in this presentation of the matters
based on the information in the form and context in which it appears.
For Purposes of Clause 3.4 (e) in Canadian instrument 43‐101, the Company warrants that Mineral Resources which are not Mineral Reserves do not have demonstrated economic
viability.
THIS PRESENTATION IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
2
3. Agenda
“Western Areas has an enviable track record of
exploring, finding, developing and producing
highly profitable mines..”
Introduction
O
Operations
i
Financial Summary
E l
Exploration and Growth
i dG h
Outlook
Nickel Industry
y Explore p
Develop
Sales Process 3
4. Building the Company
Date Key Event
Jul 2000
Jul 2000 Western Areas ASX IPO @ $0.20
Western Areas ASX IPO @ $0 20
Sep 2003 Flying Fox discovery
Feb 2004 Maiden Flying Fox T1 Resource – 11.3kt Nickel (now mined)
y g ( )
Dec 2004 Flying Fox mine development commences
Oct 2006 First ore from Flying Fox (underground)
Jun 2007 A$225 million Convertible Bond sold
Oct 2007 Spotted Quoll discovered
Oct 2009
O 2009 Spotted Quoll first production (open pit)
S d Q ll fi d i ( i)
Feb 2010 First Dividend
Mar 2010
Mar 2010 $125 million Convertible Bond sold
$125 million Convertible Bond sold
Nov 2011 Spotted Quoll first underground production
Mar 2012 Lounge Lizard asset purchase A$68m
Jul 2012 $105.5 million Convertible Bonds retired for cash
4
5. Western Areas is Nickel
Nickel is a cyclical commodity
Since listing in 2000 Western Areas has dealt with nickel prices ranging from US$3 00/lb to US$23 00/lb
Since listing in 2000, Western Areas has dealt with nickel prices ranging from US$3.00/lb to US$23.00/lb
Throughout the cycle, Western Areas has still managed to:
Raise $330 million in development capital
C
Commission two mines
i i i
Grow resources and reserves in line with increasing production profile
Construct, then expand concentrator
Current nickel prices still allow profitable production for Western Areas
Current nickel market is showing signs of bottoming
Western Areas is ready for the upswing
Nickel Price since 2000
60000
50000
40000
30000
20000
10000
0
00
00
00
00
01
01
01
01
02
02
02
02
03
03
03
03
04
04
04
05
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05
05
06
06
06
06
07
07
07
07
08
08
08
09
09
09
09
1/02/2010
10/05/2010
12/08/2010
16/11/2010
22/02/2011
2/06/2011
6/09/2011
8/12/2011
15/03/2012
25/06/2012
14/07/200
18/10/200
24/01/200
15/02/200
24/05/200
30/08/200
12/03/200
19/06/200
22/09/200
24/12/200
31/03/200
12/10/200
18/01/200
25/04/200
29/07/200
17/05/200
21/08/200
23/11/200
12/09/200
14/12/200
26/03/200
16/04/200
22/07/200
26/10/200
4/01/200
6/04/200
1/05/200
3/08/200
7/11/200
3/12/200
8/07/200
2/11/200
8/02/200
1/03/200
8/06/200
1/07/200
3/10/200
9/01/200
5
6. Powering through the Cycle
Western Areas is:
Australia’s lowest cash cost nickel producer
A proven explorer, developer and operator led by an experienced management team
An S&P ASX 200 index member
An S&P ASX 200 index member
Market cap ~ $800 million at current prices
Profitable, even at the current low A$ nickel price
A
A proven dividend payer, with a strong balance sheet
di id d ith t b l h t
Australia’s third largest producer of nickel at 31,000 tonnes of nickel mined and 25,000 tonnes of
nickel in concentrate produced
No 1 = BHP‐B Nickel West and No 2 = Glencore
Employer of approx 500 staff, either directly or through contractors
Into its sixth consecutive year of production, eight consecutive quarter with no downside surprises
First production 26 October 2006
Committed to stable organic growth from the current solid platform
6
7. Strong Asset Base
Production Exploration
Assets & Growth
Flying Fox
• 1st nickel mine Forrestania &
• 15,000 Ni tonnes WA Regional
per annum
per annum
Spotted Quoll
• 2nd nickel mine Canadian Assets
• 10,000 Ni tonnes
per annum
Cosmic Boy
• Nickel concentrator Finland
– treats ore from
both mines
7
10. Flying Fox Mine
Summary
Continuous high grade Nickel to 1300m. Open at
depth
depth
Resource ore grades increase at depth from 3.9% to
5.8% Nickel
Announced intersection T7: 34.7m @ 8.9% Nickel
Announced intersection T7: 34.7m @ 8.9% Nickel
Production
FY2012 – 373,726t @ 5.0% nickel for 18.5kt nickel
Low cash cost operation <US$3/lb
Low cash cost operation <US$3/lb
Purchase of Kagara Nickel Assets
Combined Total High Grade Resource now stands at
around 115,000t of Nickel
around 115,000t of Nickel
Major drilling program commenced at Lounge Lizard
for next 6 months
T5 & T7 down dip extensions cross into Lounge
Lizard and remain open at depth
Flying Fox now approaching a 10 year mine life
Purchase includes 300sqkm of tenements adjacent
to Forrestania operations
t F t i ti
10
11. Spotted Quoll Mine
Summary
Ore reserve was upgraded in June 2012 by 94%
with an exceptional 88% conversion ratio:
3.095mt @ 4.20% containing 131,360t nickel
R
Remains open at depth
i t d th
Drilling is ongoing which will result in further
conversion of inferred resource to indicated to
reserve
Already well over a 10 year mine life
Production
Stage 1 underground first ore delivered ahead of
schedule – (Nov 2011)
Ramp up to 10,000tpa nickel in FY13
Mine optimisation study confirms increase in
production up to 15,000tpa nickel in FY15
11
12. Forrestania Nickel Concentrator
Concentrator Summary
Current capacity of 550,000tpa of ore
f f
Nickel concentrate output >25,000tpa Ni
Concentrate grades of around 14.0% Ni
Premium blending product (Fe/Mg ratio >15)
14,000t of concentrate storage capacity
Export Infrastructure and Logistics
Access to >1400 sealed shipping containers
No Environmental issues
Using 25 trucks for concentrate transportation
Shipping contract in place, FOB Esperance Port
Concentrator Expansion
Preliminary high grade expansion study (750ktpa) completed
Expansion configured for upgrade to 1mtpa of ore
Expansion configured for upgrade to 1mtpa of ore
Some items of infrastructure (crusher) already capable of 1mtpa
12
13. Concentrate Supply and Offtake Contracts
Concentrate Supply 1000
Global Smelter Demand vs Global Concentrate Supply
950
Tightness in smelter supply to be experienced from 2013 900
850
Global nickel sulphide grades in decline
Nickel in Conc/ Kt
800
Reliable nickel sulphide concentrate supply dwindling
750
700
Laterites and Nickel Pig Iron do not fill the void 650
600
550
Offtake Contracts 500
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Long term offtake to BHP – 12ktpa nickel in conc Nickel in Concentrate Supply Smelter Demand
New Jinchuan contract signed:
o 12 month contract extension
o Improved commercial terms
o Significant uncommitted offtake beyond 2013
Tender process to commence Sept/Oct 2012
WSA in a unique position being an independent producer
Ability to complete spot/ opportunistic sales
NOTE: The graph FORRESTANIA – OFFTAKE CONTRACTS is based on Western Areas’ 10 Year
Production Targets. These Targets include estimates and assumptions on production rates of
existing ore reserves, conversion of existing mineral resources to ore resources and assumptions
on potential extensions to existing mineral resources, based on current information. These
Production Targets may vary due to future drilling results, nickel prices, costs and market
conditions. Refer to Disclaimer and Forward Looking Statement in Presentation
13
18. Growth Outlook
Short Term Medium Term Long Term
< 12 Months
< 12 Months 2‐5 years
2‐5 years >5 years
>5 years
Flying Fox > 10 years – drilling in Spotted Quoll & Flying Fox Base Case production 40‐
progress – 30ktpa 50ktpa , plus new mines
Sunrise drilling results Sunrise reserve & Large disseminated
production – 5‐10ktpa resource potential
Mill expansion decision
4th mine from Forrestania FinnAust producing
Cash costs <US$3.00/lb (New Morning)
Base Metals exposure
Strong cashflow Mill expanded 750ktpa
Dividends
Dividends First quartile cash costs
Continued exploration
New offtake contract – process FinnAust in feasibility upside
begin Sept/ Oct
Dividends Independent producer
List FinnAust Mining
Mustang prod – 5ktpa
18
19. The Portfolio
Kawana JV
JV
80% Sandstone
JV 70% East Bull
Lake JV
65%
Cosmic Bullfinch Makwa &
North JV
N h JV Mayville
M ill Spotted
Boy
70% Canada Quoll
Resource New
Morning
Mt Flying
Koolyanobbing
y g Diggers
Alexander
Alexander Fox
South
JV 25%
Sunrise
Spotted
Mt Gibb JV Quoll Bioheap
Lake King
70%
70% Southern
JV 70%
JV 70% Underground
Underground
Cross
Upgrade
Goldfields ‐
Other Cosmic
Finland – Cosmic Boy Mill
Hatters
Hill Copper Boy Mill
Jkjjljljlkj
jj j j j Expansion
Finland –
Nickel
Mt Jewel 25%
= International = WA Regional = Forrestania
19
22. Canada – Mustang Minerals
WSA owns 19.9% of Mustang Minerals ‐ a Canadian listed nickel and PGM company
WSA has two of 5 board seats, plus provides technical assistance
Makwa Nickel/PGE mine in Manitoba – feasibility in progress targeting 5ktpa Ni in concentrate
Mak a Nickel/PGE mine in Manitoba feasibilit in progress targeting 5ktpa Ni in concentrate
Mayville Copper/Nickel deposit in Manitoba – drilling in progress for open pit resource
Potentially significant Palladium & Platinum discovery adjacent to Mayville
WSA is earning a 65% interest with Mustang at East Bull Lake
is earning a 65% interest with Mustang at East Bull Lake
80km west of Sudbury
Highly anomalous Nickel/Copper and Platinum/Palladium in Gabbro intrusion
Drill program commenced in 2012
East Bull Lake VTEM targeting Mayville drill core: 74.7m @ 0.75% Cu & 0.24% Ni
22
23. Finland – FinnAust Mining PLC Projects
81% WSA, planning to list on AIM ‐ dependent on
market conditions
300km long base metal province in Finland
Numerous nickel/copper/zinc mines & occurrences
12
12 major project areas, many drilling targets
j j d illi
Geophysics proving very effective in defining targets
ZTEM survey completed
ZTEM survey completed
Significant results from historic and FinnAust drilling
Major ramp up of drilling has commenced at Tormala &
j p p g
Hammaslahti
23
24. Finland – FinnAust Mining PLC Projects
1 2
Gabbro Hosted Type
Nickel, Copper, PGM deposits Outokumpu Type
(eg High grade Sakatti deposit High grade Copper deposits
owned by: Anglo American) (eg Keretti Mine owned by:
Outokumpu Oy)
FinnAust Exploration Projects:
Enonkoski, Joutseno, FinnAust Exploration Priorities:
Vitasalmi, Tormala, Kuusjarvi, Kortekaarre,
Parikkala Viurusuo, Sola
(Gabbro Intrusive Complexes)
Intrusive Complexes). (Along strike from Keretti Mine)
3 4
Black Schist Sulphide Type
Black Schist Sulphide Type
Large, low grade Nickel/Zinc/Copper/Cobalt deposits
Volcanogenic Massive Sulphide (VMS) Type
eg: Talvivaara mine (owned by: Talvivaara Mining Plc)
Copper/Zinc/Silver/Gold massive sulphide deposits
Two FinnAust Resources: Rautavaara, Paltamo. 24
Hammaslahti Mine Extensions: 3.4m @ 11.5% Cu, 54.4ppm Ag
26. When will the Cycle Turn?
Market bottom likely reached – current price
uneconomic for many, insufficient to bring on
uneconomic for many insufficient to bring on
“The current nickel market appears to
supply
be ignoring the impending impact of
Limited sources of good quality future supply for Indonesian legislation…
smelters
“We therefore favour bullish positions
Nickel Pig Iron constrained due to margin in nickel on a 3‐6 month forward basis
compression and in a quarter‐four context.”
Huge Laterite projects serial underperformers
Huge Laterite projects serial underperformers
Citigroup Analysts, 31 May 2012
Capex blowouts
Not meeting production targets “We are raising our long‐term nickel
price from $7.27/lb to $9.5/lb. …. We
I d
Indonesian ore export ban and tax increase still to
i b d i ill believe that capex inflation remains a
bite significant issue for the nickel
industry.”
Fortunately, not in the business of making
predictions BofA Merrill Lynch, 27 July 2012
Many analysts tipping next 3 – 6 months for pickup,
in conjunction with seasonal demand pickup
26
29. Energy Intensity
1. Conventional Nickel Sulphide
Mature nickel camps contribute ~45%
global production
global production
NO MAJOR NEW DISCOVERIES
2. Low Grade disseminated sulphide
2 L G d di i t d l hid
Increasing reliance on low grade and
low quality nickel sulphide production.
HIGH CAPEX, MODERATE ENERGY
,
3. Nickel Laterite
Laterite & Ferro Nickel contribute >40%
global production
HIGH CAPEX, HIGH ENERGY COST
4. Chi
Chinese Nickel Pig Iron
i k l i
Chinese nickel pig iron, 15% global
production. Announced cut backs
ENERGY INTENSIVE, HIGH COST
, Increasing energy intensity
and production cost
Increasing energy intensity
and production cost 29