West African Resources Ltd · ASX:WAF
West African Resources — Investor Presentation (August 2011)
17 slides from West African Resources's investor presentation, Aug 23, 2011
Slide 1: West African Resources
For personal use only www.westafricanresources.com
Slide 2: Disclaimer and JORC Notice
Disclaimer and JORC Notice For personal use only This presentation has been prepared by West African Resources Limited (‘WAF’ or the ‘Company’). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or in
Slide 3: Investment Highlights
Investment Highlights For personal use only 25 contiguous permits covering 6,165km2 over 185km strike of greenstone Largest ASX-listed landholder in Burkina Faso, West Africa 3km along strike from emergent 3.5Moz deposit High-grade results including 28m @ 9.22 g/t Au from surface Highly-skilled team
Slide 4: Why West African Gold?
Why West African Gold? For personal use only Fastest growing gold-producing region in the world 280 million ounces produced and discovered 67% increase in production 2010-2015 Annual production to exceed 11 million ounces by 2015 Established mining codes Emerging democracies Attractive investment re
Slide 5: Board and Senior Management
Board and Senior Management For personal use only Board Francis Harper - Chairman Merchant Banker, 25 yrs experience Richard Hyde – Managing Director Geologist, 15 yrs experience Stephen Ross - Non-Exec Director Geologist, 18 yrs experience Simon Storm – Non-Exec Director Accountant, 25 yrs experien
Slide 6: Capital Structure
Capital Structure For personal use only West African Resources Capital Structure August 2011 Total Ordinary Shares on Issue 163.4M Director & Management Options 38.6 M Number of shareholders 1,040 Directors & Management Interest ~35% Top 20 Shareholders 65% Cash $8M Market Capitalisation at $0.35 $5
Slide 7: Boulsa Project - Major Land Position
Boulsa Project - Major Land Position For personal use only 25 contiguous permits, 100% owned covering 6,165km2 185km strike of greenstone belt Along strike from emerging 3.5Moz deposit Extensive artisanal workings 25 high-quality targets Extensive near-surface gold mineralisation in RAB & RC drillin
Slide 8: Moktedu Prospect Results
Moktedu Prospect Results 1.6km long, high-grade oxide mineralised zone from surface For personal use only 28m at 9.22 g/t Au from surface; including 8m at 31.67 g/t Au 8m at 10.67 g/t Au from 12m; including 4m at 17.79 g/t Au 13m at 4.60 g/t Au from 20m*; including 5m at 11.66 g/t Au 13m at 3.16 g/t
Slide 9: For personal use only
pe ae 1 415,000E. 20,000E Detatled’Sampling - . In Progress ra Meter [ | * | - eas ane : "~ 55,000N— RAB significant result >1.0 gt Au RAB low-grade result 0.1- 1.0 gtAu Artisinal Workings ==— RAB Drill Line (=) Auger, > 0.1 gf Au Zone CO) Auger, 0.01 gtAu Zone ff be a Fo 4 eae Shel ai a C_] WAF Ten
Slide 10: For personal use only
730,000E = Historical Soil Anomaly | Moktedu Prospect A Orezone Gold Corporation ~ | 3.5 Moz Au Bomboré Deposit . 730,000E — od 13m at 3.16 g/t Au a _* 1,355,000N = 28m at 9.22 g/t Au rad Significant RAB Result @® Historical Soil Anomaly WAF Auger Anomaly C_] WAF Tenement EJ New WAF Tenement Bomboré
Slide 11: For personal use only
- 320 RL wort ~» 300 RL 300ARL —- 280 RL 280 RL 56), @& Mineralised Zone d High Grade Zone Open at depth 40 metres WAF_MOK_0002
Slide 12: New Sartenga Discovery
New Sartenga Discovery Massive 6.2km x 1.4km Footprint For personal use only 6.2 km x 1.4 km footprint, peak result of 3m at 0.61 g/t Au First-pass wide- spaced regional auger drilling No outcrop or artisanal mining activity Second discovery from first principles by West African in past 12 months
Slide 13: Meguet Prospect RC Results
Meguet Prospect RC Results 2009 RC Results Extensive near-surface gold For personal use only 7m at 2.32g/t Au from 4m 1m at 9.43g/t Au from 15m 7m at 1.55g/t Au from 28m 8m at 2.52g/t Au from 37m 20m at 0.95g/t Au from 0m Nov 2010 RC Results 12m at 4.57g/t Au from 28m 52m at 0.60g/t Au from 0m 12m a
Slide 14: Meguet Prospect
Meguet Prospect For personal use only Auger and RAB over aeromagnetics
Slide 15: For personal use only
Oo RC Drill Collar 747,000E * Ended in Mineralisation mmm = +0.5 g/t Au Drill Intercept 20mM@0.54 g/t Au from 20m 7M@1.55 g/t Au from 28m —— RABDrill Line ——- Interpreted Fault 200 metres ~~ Shear Zone 16m@1.49 g/t Au from 30m Loa Mafic Voleanics E [__] Granodiorite 4m@1.69 gt Au from 8m 24m@2.42 gi
Slide 16: Summary
Summary For personal use only Largest ASX-listed landholder in Burkina Faso, West Africa 3km along strike from emergent 3.5Moz deposit High-grade results including 28m @ 9.22 g/t Au from surface Over 40km of auger geochem anomalies to follow-up Less than 15% of anomalies drill tested to date Highly-
Slide 17: West African Resources Ltd
For personal use only WEST AFRICAN RESOURCES LTD ACN 121 539 375 LeveL 2, 23 Ventnor Ave West Perth WA 6005 T: +61 (8) 9481 7344 F: +61 (8) 9481 7355 E: info@westafricanresources.com
West African Resources — Investor Presentation (August 2011) on 6ix