INVESTOR PRESENTATION

Similar documents
Investor Presentation February 2015

BUREY GOLD LIMITED Level 2, Suite Oxford Street Mt Hawthorn WA 6016 Australia

MARCH 2015 QUARTERLY ACTIVITY REPORT

Maximising Gold Resources in Senegal

An ASX listed Perth-based gold explorer focused on Ghana in West Africa

$2.5 Million Resource Drilling Program Commences at Siberia Mining Centre

For personal use only

Option agreement with Randgold set to commercialise Massigui Gold Project

Gold Discovery at Tasiast South in Mauritania. May 2012

High Grade Gold Intercepts at Bangaba

Disclaimer. Forward-Looking Statements. Competent Person s Statement

Highlights. Wa Project. Kandia Prospect. South Wa. Julie West Jang Trend. Corporate

New Drilling Program Commences at Mutiny s Deflector Deposit

For personal use only

RC drilling begins at Akoko Project marking commencement of 2010/11 exploration field season

Drilling program commences on Cloncurry and Mount Isa projects

EXPLORATION ACTIVITY TO RECOMMENCE AT KOURI GOLD PROJECT IN BURKINA FASO

For personal use only MANIEMA GOLD PROJECT. Gold Exploration Democratic Republic of Congo ASX: VEC VECTOR RESOURCES.COM.

Norwest successfully lists on ASX, Drilling commenced at Warriedar Gold Project

ACQUISITION OF THE MCCLEERY COPPER-COBALT PROJECT, CANADA

For personal use only

ASX:TLM. Closing in on world-class copper-gold deposits Resources Rising Stars, September 2011

CANYON TO ACQUIRE TWO GOLD PROJECTS IN BURKINA FASO Highlights

Building an African Gold Mining Powerhouse

ASX ANNOUNCEMENT 19 NOVEMBER 2015 SIGNIFICANT GOLD PROSPECT CONFIRMED AT APOLLO S SA GOLD PROJECT NEAR CHALLENGER

Developing the +1.2Moz Pilbara Gold Project

DIAMOND AND AIR CORE DRILLING TO COMMENCE ON WHITELAW GOLD BELT

Kalongwe High Grade Copper-Cobalt Project Katanga Province, DRC

New World Gold A high-grade investment opportunity. Mark Papendieck Managing Director

For personal use only

Sepola Project Area in Mali Extended

New zones of mineralisation found close to flagship deposits at Wa Gold Project

Hits of up to 123gpt show Chesterfield emerging as a high grade gold project

ASX:TLM. Closing in on world-class copper-gold deposits Annual General Meeting, November 2011

Castle Minerals Limited ASX: CDT

STEP-OUT DRILLING EXTENDS HIGH GRADE COPPER ZONE AT SYNDICATED S 100% BARBARA SOUTH LODE

Positive results in a 20 million ounce Greenstone Belt. Presented by Dr Bob Beeson, Managing Director Melbourne Mining Club 18 September, 2012

African Mining and Exploration plc. ( AME or the Company ) Acquisition of Caracal Gold Mali SARL

AURA TO COMMENCE EXPLORATION DRILLING PROGRAM ON ITS TASIAST SOUTH GOLD PROJECT COPPER AND NICKEL PROSPECTS WILL ALSO BE EXPLORED

For personal use only

October 2017 Investor Presentation. Moving to the next level: cash-flow, exploration and growth in WA s premier gold districts

For personal use only

Nickel discovery in a world class region Gold discovery in a 20 million ounce Greenstone Belt. February 2013

For personal use only

2018 Drilling Underway at Juruena Gold Project

For personal use only

Exploring among the gold giants Mali - West Africa. 8 th September 2016 AFRICA DOWNUNDER PRESENTATION (ASX: OKU)

ASX announcement. Mylo-Frontier Pilbara Gold Project acquisition. 27 November Summary

Diamond Drilling Extends the Netiana Lodes at Depth

For personal use only

For personal use only

SIGNIFICANT GOLD MINERALISATION INTERSECTED AT MANIEMA PROJECT, DRC 21.7m at 3.58g/t Au HIGHLIGHTS

New Gold Drilling Push in East Africa:

For personal use only

Annual General Meeting

For personal use only

Significant New Gold Discovery along Kandia Trend

Ulysses: Genesis of a significant new underground gold mine near Leonora, WA. Michael Fowler, Managing Director. 22 February 2018

For personal use only

704,000 OUNCE MIYABI GOLD PROJECT UPDATE

Cash-flow, exploration and growth in WA s premier gold districts. Resources Rising Stars, May 2017 / Michael Fowler, Managing Director

For personal use only

KINGSTON RESOURCES LIMITED

AGM Presentation 12 November 2013

ROE HILLS COBALT AND GOLD DRILLING ADVANCES

2010 RIU Sydney Resources Round-up

Strong gold values at Drake s Seimana Gold Project in Guinea

Australian Mines Limited RIU Explorers Conference, February 2016

TANDARRA GOLD PROJECT DRILLING COMMENCES AND FOUR EAGLES GOLD PROJECT DRILLING UPDATE

More growth at Wa Gold Project as Julie-Collette resource increases to 410,700 ounces

Axiom Nightflower Drilling Progress and IP Survey Results, North Queensland

DIAMOND DRILLING TO COMMENCE AT WODGER AND FORREST PROSPECTS

The Manager Companies ASX Limited 20 Bridge Street

Merger Presentation April 2009

DRIVING NICKEL AND COPPER SULPHIDE DISCOVERY ON THE FRASER RANGE

Auger Drilling Progress Report - Meguet Trend Prospect Multiple Highly Anomalous Gold Discoveries within 8km Mineralised Corridor

» Mineralisation up to 45m wide and open along strike and down dip. Infill and extensional drilling completed. Results awaited.

ASX announcement 16 May 2016

Prospect Resources completes rehabilitation and mine construction at the Prestwood Gold Mine - moving into production mode

ASX Announcements & Media Release

APOLLO SOUTH AUSTRALIAN EXPLORATION UPDATE

Blox, Inc. Announces New Drilling Target Defined at Mansounia Gold Project.

For personal use only

For personal use only

THUNDELARRA EXPLORATION

Drill testing of gold zones at Albury Heath intersect impressive quartz lodes

ASANKO GOLD ANNOUNCES ENCOURAGING INITIAL DRILL RESULTS FROM NEW EXPLORATION TARGET

Competent Person s Declaration

For personal use only

FIVE RIGS DRILLING AT KARLAWINDA

MARCH 2012 QUARTERLY REPORT. Highlights. Exploration Activities. Wyloo Iron Ore & Gold Project. Fast Facts

Initial Gold Resource at Sissingue Tengrela Project (Ivory Coast)

CORPORATE UPDATE. Feasibility Study being finalised for completion towards the end of April.

For personal use only

High Grade Gold Drill Results Extend Buccaneer

For personal use only

For personal use only

Further High Grade Gold Mineralisation Intersected in Bonanza Zones at Mt Kare Gold/Silver Deposit PNG

ASX Announcement. FLEM survey underway at Henrietta Cobalt Nickel Prospect, Tasmania ASX: AX8 HIGHLIGHTS. Market Data. Board and Management.

For personal use only

Transcription:

BUREY GOLD LIMITED Level 1, Suite 5 The Business Centre 55 Salvado Road Subiaco WA 6008 Australia P. +61 8 9381 2299 F. +61 8 9380 6761 A.B.N. 14 113 517 203 11 January 2016 ASX RELEASE INVESTOR PRESENTATION Burey Gold Limited (Burey) (ASX: BYR) Executive Chairman, Mr Klaus Eckhof will be presenting to investors in Australia over the coming days. The attached Investor Presentation also provides an update on the current diamond drill program (refer Slide 13). For more information contact: Klaus Eckhof Peter Taylor Chairman Investor Relations Tel: +377 680 866 300 Tel: +61 (0)412 036 231 klauseckhof@monaco.mc peter@nwrcommunications.com.au Or visit www. 1 P a g e

Investor Presentation February 2015 Burey Gold Limited (ASX: BYR) Investor Roadshow Presentation January 2016 1

DISCLAIMER The material in this presentation ( Material ) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase securities in Burey Gold Limited (BYR) nor does it form the basis of any contract or commitment. BYR, its directors, employees, agents and consultants, shall have no liability including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of BYR, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. Competent Person s Statement The information in this report that relates to exploration results is based on, and fairly represents information and supporting documentation prepared by Mr Klaus Eckhof, a Competent Person who is a member of The Australasian Institute of Mining and Metallurgy. Mr Eckhof is a director of Burey Gold Limited. Mr Eckhof has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Personas defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves. Mr Eckhof consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The information in this report that relates to the Giro Gold Project has been previously reported by the Company in compliance with JORC 2012 in various market releases, with the last one dated 2 December 2015. The Company confirms that it is not aware of any new information or data that materially affects the information included in the December 2015 market announcement. The information in this report that relates to the Balatindi Project was first reported by the Company in compliance with JORC 2012 in a market release dated 30 April 2014. 2

INVESTMENT HIGHLIGHTS Burey s Giro Project has the same geological setting as Randgold s 17-million ounce Kibali Gold deposits, and is less than 30km away Burey s Executive Chairman was a founding Director of the company that discovered the Kibali Gold deposits and was subsequently taken over by Randgold Mineralisation discovered to extend 30km up exploration corridor with potential for multi-million ounce resource Mineralisation at Giro open at depth and all directions ongoing exploration delivering results with diamond drilling currently underway and results imminent Burey s second project, the Balatindi project in Guinea, has potential to host significant, open pittable gold & uranium Management team has discovered more than 20 million ounces of gold and 1 million tonnes of copper 3

CORPORATE SNAPSHOT 12 month Share Price Graph 2014/15 drill results First of the 2015/16 drill results imminent Trading Information ASX Ticker BYR Ordinary Shares 774.3m Options Market Capitalisation Top 20 Holding 73% 368.8m @ 5c Expire 31/07/17 47.5m @ 5c Expire 31/12/16 ~$15.5m @ 2 cents Significant Shareholders Cong Mao Huai 12.2% National Nominees 12% Perseus Mining 10.5% JP Morgan Nominees Australia 9% 4

BOARD OF DIRECTORS. Klaus Eckhof - Executive Chairman Geologist 20+ years of experience developing mineral deposits, including time in Africa. Founded Moto Goldmines, Spinifex Gold Ltd and Lafayette Mining Ltd. Mark Calderwood - Non-Executive Director 20+ years of experience in exploration and development in Africa. Former Managing Director and CEO of Perseus Mining, Mr Calderwood worked for Mount Edon Gold Mines before moving to Moto Gold Mines where he was involved in the discovery of Kibali Gold Mine. He also serves on Boards of Explaurum & Manas Resources. Kevin Thomson - Non-Executive Director Geologist 25+ years of experience, with 11 years in West Africa, including Guinea. Exploration manager for Burey s significant shareholder, Perseus Mining, and instrumental in its successful Ghana and Ivory Coast gold projects Susmit Shah Non-Executive Director, Company Secretary Chartered accountant 25+ years experience. Has been involved with a range of Australian publicly listed companies in company secretarial and financial roles. 5

BUREY PROJECTS IN AFRICA GIRO PROJECT, Democratic Republic of Congo Exploration program underway 610km² in two licences gold Burey 55%; option on additional 10% Balatindi Giro Project DRC Parastatal (Sokimo) 35% GUINEA DRC BALATINDI PROJECT, Guinea 249km² in three licences gold, uranium, copper Burey completing its 90% ownership process; option on remaining 10% 6

DEMOCRATIC REPUBLIC OF CONGO Considered the Elephant of Africa Majors are investing in DRC mining sector: - Gold: Randgold Resources, Anglogold Ashanti, Banro - Copper/cobalt: Freeport McMoran, Katanga Mining, MMG Limited, Metorex China investing in infrastructure for rail, roads and power to develop sustainable production 7

GIRO PROJECT NORTHEAST DRC Two permits covering 610km2 (PEs 5046 & 5049) in the Moto Greenstone Belt Giro Project 20-30km west of Randgold/AngloAshanti s 17Moz Kibali deposits Kibali Project (17 Moz) Similar style mineralization and structural setting to Kibali Good access (savannah vegetation) Good maintained road to Kampala (Uganda) highly developed Burey s maiden drill program commenced Oct 2014 with excellent results delivered. Drilling currently underway Regional Geology and Main Licences 8

GIRO PROSPECT TERRAIN Giro Vein Approximate limit of the Kebigada Shear Zone Belgian Tailings Mined Eluvial Gravels GIRO VILLAGE 9

GIRO PROJECT 2014/15 DRILLING Results reported for all 103 RC drill holes completed at Giro Drilling confirmed main zone of mineralisation associated with Kebigada Shear Zone anomaly Significant results included: GRRC058: 97m at 2.56g/t Au from surface to bottom of hole GRRC068: 33m at 1.59g/t Au from surface and 56m at 2.39g/t Au from 64m GRRC075: 47m at 4.13g/t Au from 25m, including 29m at 5.93g/t Au from 25m Mineralisation open in all directions and at depth Section across line 5 showing significant drill results and diamond drill hole locations as part of current diamond drilling campaign 10

GIRO PROJECT 2014/15 DRILLING Section across Line 1 showing significant drill results and diamond drill hole locations as part of current diamond drilling campaign 11

GIRO PROJECT 2015/16 DRILLING Giro Prospect: Drilling associated with 2,000m x 900m Au in soil anomaly (>200ppb Au) with strong IP support Peteku Prospect: High grade structure in granites mined historically (channel samples up to 4m at 21.7g/t Au) Mangote and Kai-Kai Prospects: Two areas mined during Belgian colonial era (0.6m at 37g/t Au and 0.35m at 485g/t Au from drilling) Diamond and RC targets selected for drilling programme, diamond drilling commenced in December 2015 with results imminent. At Giro, diamond drilling aims to confirm the continuity of mineralisation at depth below the RC drilling, where several high-grade zones were defined within a broader lower grade envelope of mineralisation. The drilling will also define structural controls on mineralisation and will define any plunge component associated with the intersection of the two dominant structural trends. At Peteku, diamond drilling will test the grade of quartz veins where channel sampling returned a best intercept of 4m at 21.74g/t Au, aiming to identify any parallel mineralised structures and confirm continuity of mineralisation at depth and along strike. 12

GIRO PROJECT 2015/16 DIAMOND DRILLING First 4 diamond holes completed for 859m (fifth hole, GRDD005 at ~310m) All holes drilled in Kebigada Shear Zone Strong pyrite mineralisation, quartz veining and silica alteration observed in all holes Strong visual mineralisation identified over >150m in GRDD003 Results for holes GRDD001 and GRDD002 expected end January 2016 13

BALATINDI PROJECT EAST GUINEA Three adjoining properties covering BALATINDI 249 km2 in the Bale Mylonitic Zone (tectono-magmatic belt between Archean basement & Siguiri basin in the north) Good potential for gold, uranium and copper mineralization Good potential for large bulk tonnage deposit Good access throughout the year Plans to commence an RC drilling programme to determine true strike extent of mineralized zone 14

FUTURE WORK - BALATINDI Complete process to SATELLITE TARGET TARGET CPP OPEN OPEN OPEN Anomaly E 65.2m @ 162ppm U 29.5m @ 217ppm U & 26.4m @ 287ppm U acquire a 90% ownership interest in the Project Conduct 3,000m RC drilling programme to follow up on targets at CPP (dips 40-50 degrees to the south) Define potential open pittable resource 15

SUMMARY Burey s Giro Project has the same geological setting as Randgold s 17-million ounce Kibali Gold deposits, and is less than 30km away Burey s Executive Chairman was the founding Director of the company that discovered the Kibali Gold deposits and which was subsequently taken over by Randgold Mineralisation discovered to extend 30km up exploration corridor with potential for multi-million ounce resource Mineralisation at Giro open at depth and all directions ongoing exploration delivering results with diamond drilling currently underway and results imminent Burey s second project, the Balatindi project in Guinea, has potential to host significant, open pittable gold & uranium Management team has discovered more than 20 million ounces of gold and million tonnes of copper 1 16

CONTACTS www. Ph: +61 8 9381 2299 Klaus Eckhof, Chairman: eckhofk@crcpl.com.au Peter Taylor, Investor Relations: peter@nwrcommunications.com.au Ph: +61 412 036 231 Thank You 17

APPENDICES 18

GIRO PROJECT IP RESULTS Strong Induced Polarization (IP) anomaly covers 3km of the Giro Prospect Good drill results (97m at 2.56g/t Au) associated with a dominant NNW trending chargeable anomaly 19

GIRO PROJECT SOILS AND CHANNEL SAMPLING 900 x 2000m gold in soil anomaly (>200ppb) at Giro New soil anomaly at Peteku (infill planned) Significant results from channel sampling of artisanal workings included o 5m at 24.3g/t Au o 1m at 38.4g/t Au o 4m at 6.5g/t Au o 4m at 21.7g/t Au Infill soil sampling completed at Douze Channel sampling at Giro, Douze and Peteku 20

GIRO PROJECT SOILS AND CHANNEL SAMPLING Two artisanal pits sampled at Adoku Significant channel samples included: 3m at 8.06g/t Au 3m at 2.90g/t Au 2m at 9.67g/t Au 4m at 9.43g/t Au Infill soil sampling completed at Adoku Channel Samples and Gold In Soil Anomalies 21

GIRO PROJECT REGIONAL MAGNETICS Good potential target north of Giro within structural corridor Extensive alluvial artisanal workings in the area Soil sampling programmes ongoing to identify new targets on PE 5049 22

TERMS OF GIRO ACQUISITION Burey acquired an 85% interest in Amani Consulting sarl (55.25% interest in the Giro Project): 62.4m shares to Amani vendors and 55.7m shares to Panex 47.5m options to Amani, exercisable at $0.05 by 31 December 2016 US$300,000 to Amani Burey to sole fund to development stage US$5,350,000 to Amani vendors upon discovery of 3Moz @ 2.5g/t Au of measured and indicated gold resources. At Burey s election, 50% of this amount can be settled by an issue of Burey shares at the then market value of Burey shares. In any case the liability for this amount of US$5.35M only falls due for payment upon drawdown of development funds. US$2.5m to DRC Government and US$700,000 to Sokimo on DFS completion and decision to mine Burey has a first right on the remaining 15% interest in Amani Consulting (additional 9.75% interest in Giro, which would take Burey to 65% of Giro) 23

GUINEA, WEST AFRICA Mining is Guinea s major source of foreign exchange Holds 25% of world s high grade reserves of bauxite New Mining Code adopted in September 2011 Presently 15% Government freecarry but adds the option to purchase an additional 20% contributing interest at an agreed price with the investor 24

BALATINDI - MINERALISATION System divided in two zones: Gold mineralisation to the North (CPP), Uranium to the South (Anomaly E) Geological model between IOCG and porphyry type deposit (lacking iron) Historic drilling (Mining Italiana) confirmed gold mineralisation from surface to depths exceeding 100m Gold in soil anomaly defined over 4.5km (>50ppb) - CPP Uranium mineralisation over 400m Anomaly E Strong copper association Zone of Gold Mineralisation Zone of Uranium Mineralisation 25