West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (September 2011)
28 slides from West Wits Mining's investor presentation, Sep 20, 2011
Slide 1: West Wits Mining Limited – Explore, Evaluate, Extract
Main heading West Wits Mining Limited (ASX:WWI) Derewo River Gold Project, Papua, Indonesia - “Exploring for the source” Explore, Evaluate, Extract
Slide 2: Disclaimer
Disclaimer Main heading This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that could cause those act
Slide 3: Executive Summary
Executive Summary Main heading • West Wits has acquired Derewo River Gold Project, Papua Province, Indonesia • Derewo is a high grade placer deposit with coarse gold nuggets occurring within alluvial gravels • Similar characteristics to early stage Porgera, Edie Creek, Wau, Mt Kare in PNG • World cl
Slide 4: Corporate Structure
Corporate Structure Main heading Capital Structure Ordinary Shares 254,706,591 Performance Shares 46,000,000 DRD Entitlement Shares 38,250,000 Options (var ex prices & dates) 61,065,000 Market Cap (@ $0.042) $10.70 Cash ~ A$3.7m Debt A$0 Enterprise Value ~ A$7m Shareholding (Top 5) % DRD Gold Limite
Slide 5: Board and Executives
Board and Executives Main heading • Michael Quinert (Executive Chairman) 25 years as a commercial lawyer and 18 years as a partner in a Melbourne law firm. Extensive experience in the resources sector advising public companies • Hulme Scholes (Non Executive Director) Began career as a junior officia
Slide 6: One major gold producer on the Indonesian side of border with PNG, Why?
One major gold producer on the Indonesian side of border with PNG, Why? Main heading 6
Slide 7: Derewo River Gold Project ("Derewo")
Derewo River Gold Project (“Derewo”) Main heading • Political/physical isolation delayed discovery until 2004 • Coarse nuggets contained in terraces and paleochannel along middle Derewo River • Exploration program to locate hard rock source of alluvial gold • Mining alluvial gravels should provide c
Slide 8: Derewo Project Area – Exploration Leases
Derewo Project Area – Exploration Leases Main heading 8
Slide 9: Three significant anomalies identified at Derewo
Three significant anomalies identified at Derewo Main heading • Historic data secured provided three significant exploration targets; Wopogi (Au-Cu), Sena (Au) & Biapigu (Cu) • Data advanced exploration program by at least 12 months and saved $1 million • Geochemical multi-element data set consistin
Slide 10: Derewo Targets
Derewo Targets Main heading • Wopogi (Au/Cu) o 157km2 area on northern side of Derewo River o Area defined by gold geochem with coincident copper in multiple drainages on 20km strike o Channel sampling returned values inc, 19g/t Au and 15g/t Pt. Float samples assay up to 1.8% Cu o Existence of diori
Slide 11: Discovering source of Derewo alluvials
Discovering source of Derewo alluvials Main heading • Quote from CSA independent experts report; “Based on the high gold grades and the mineralization observed at Area 81, this is a truly outstanding exploration prospect. Gold occurrences like this are extremely rare and this area deserves to be tho
Slide 12: Alluvial development of Derewo
Alluvial development of Derewo Main heading • Alluvial development will form part of data compilation for hard rock source • The development strategy; PHASE I – Commence mapping and sampling program and small scale hydraulic mining operation PHASE II – Complete access road, dam construction and pipe
Slide 13: Alluvial development of Derewo
Alluvial development of Derewo Main heading All gold coarse and easy captured by sluice boxes Alluvial Mining at Porgera 1960’s Schematic of Mining 13
Slide 14: Derewo Project Area – Mining Licence
Derewo Project Area – Mining Licence Main heading • IUP Production (Mining Leases) 40ha granted EIS process near completion 491ha – application • Heavy earth moving equipment on site • Site survey for detailed design • Mining & processing circuit determined • Community Development Agreement in place
Slide 15: Derewo Timeline
Derewo Timeline Main heading Activity Sep Oct Nov Dec Jan Feb Mar Environmental permit Topographic Survey Follow up sampling program Forestry Permit Mine design Road construct/site preparation Camp/ facilities construction Commissioning mining 15
Slide 16: South African Projects
South African Projects Main heading • Leases located on the West Rand, known for its world class gold mines • Leases hold 20kms of Witwatersrand Reef • WWI has been focused on developing near surface gold resources for opencut mining • These leases currently hold; Current JORC Gold Reserve of 59,000
Slide 17: Project Summary
Project Summary Main heading 17
Slide 18: Emerald Gold Project
Emerald Gold Project Main heading • Drill program focusing on 1km Gap zone in September 2011 • Focus has been to delineate nearWestern Emerald surface resources Pit • Reserve at Emerald completed with Gold Price of US$1,220/oz • Current NPV of Emerald in excess of A$25m on a toll treat basis • Numer
Slide 19: Next steps for SA
Next Mainsteps for SA heading Simple Strategy • Continue to delineate “convertible ounces” – low cost discovery EMPEROR TARGET • Continue to expand and develop project pipeline • Increase JORC statement to 1 million ozs for near surface gold targets • Near surface gold targets; 1km Gap between Monar
Slide 20: Conclusion
Conclusion Main heading • Only ASX listed company with exposure to high quality exploration targets in Papua, Indonesia • Elephant country – quality structural setting in favourable geology • Target models - Porgera Zone 7(20moz) and Wafi/Gopu (30moz) • Security of tenure under new 2009 Mining Law •
Slide 21: Contact
Contact Main heading Michael Quinert Tim Chapman Executive Chairman Corporate Manager Phone: +61 3 9824 8166 Phone: +61 3 9824 8166 Suite 2, 1233 High Street Armadale Suite 2, 1233 High Street Armadale Victoria 3143 Victoria 3143 21
Slide 22: Appendicies
Appendicies : wW WEST WITS MINING
Slide 23: Derewo River Gold Project
Derewo River Gold Project Main heading 23
Slide 24: Company Ore Reserve and Mineral Resource Summary
Company Ore Reserve and Mineral Resource Summary Main heading 24
Slide 25: Witwatersrand Goldfield
Witwatersrand Main heading Goldfield • Witwatersrand Basin has produced 40% of the world’s gold • Rich, continuous multiple reef ore bodies • WWI leases cover 20kms of Witwatersrand reef, west of Johannesburg, South Africa • Close to existing infrastructure, 20kms from Johannesburg CBD 25
Slide 26: Regional Location Map
Regional Location Map Main heading 26
Slide 27: Emerald Gold Project
Emerald Gold Project Main heading • Current JORC Reserve/Resource across 2km strike Proven & Probable Reserve – 59,000 ozs @ 1.7 g/t Au down to 50m Measured and Indicated Resources – 46,000 ozs @ 1.56 g/t Au down to 80m • High grade mineralisation 1km of south of Emerald Gold Project anticipated to
Slide 28: JORC Statement
JORC MainStatement heading The Ore Reserve Estimate summarises the content of the mine designs above a 0.8g/t cut-off. The figures presented have been rounded and include mining dilution and ore loss. The Ore Reserve Estimate has been derived as part of pre-feasibility study The information in this
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