Eastern Goldfields, Inc. · OTC:EGDD
Eastern Goldfields — Singapore Mining Club (July 2016)
13 slides from Eastern Goldfields's conference presentation, July 2016
Slide 1: Presentation to Singapore Mining Club
Presentation to Singapore Mining Club July 2016 Michael Fotios – Executive Chairman
Slide 2: Competent Persons Statement and Forward Looking Statements
Competent Persons Statement • The information in this Announcement that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation compiled by or under the supervision of Mr Andrew Czerw, a Competent Person who is a member of the Australasian Institute
Slide 3: Corporate Overview
Corporate Overview ASX Code EGS Issued Capital1 Shares 489,531,151 Share Price Current $0.485 Market Capitalisation $237.4m Cash in bank Current balance ~$19m Debt Nil Cash in bank figure as at 25 May 2016 Michael Fotios, Executive Chairman Board Alan Still, Non-Executive Director Craig Readhead, No
Slide 4: Investment Highlights
Investment Highlights • AUD $27.5m raised in early 2016 at $0.15 per share 1 Turnaround complete • Company debt free • Well funded to rapidly advance clear development program • Resource base of 1.5Moz at an average grade of 2.5 g/t1 2 1.5M oz Resource Base • Strong potential for near mine increase
Slide 5: Project Overview
Project Overview • Very large total ground holding, contains multiple mining centres: • Davyhurst (LOI) • Siberia • Callion • Waihi • Mulline/Riverina • Mt Ida • Each centre hosts multiple o/p and u/g opportunities (Mt Ida u/g only) • Near term production ounces sourced from Davyhurst, Siberia and C
Slide 6: Project Development Timeline
Project Development Timeline Mar Apr May Jun Jul Aug Sep Oct Nov Dec Capital raise close; reinstatement to ASX Resource Development Release of historic drilling results (by mining centre) Reserve definition drilling on near mine ounces Resource extension drilling Regional Exploration Mapping, soil g
Slide 7: Extensive Database of Historic Drill Results
Extensive Database of Historic Drill Results • Intend to re-release all significant historic drill results by mining centre 1. Siberia 2. Davyhurst (LOI) 3. Callion 4. Waihi 5. Mulline/Riverina 6. Mt Ida • Provides the market with an: • Improved understanding on extent and locations of historic expl
Slide 8: Recent rate of drilling announcements expected to continue over coming months
Recent rate of drilling announcements expected to continue over coming months Date Mining Centre Commentary 5 May 2016 Davyhurst “Initial drilling results from Davyhurst highlight potential” “Results from Golden Eagle delivers near term mining 19 May 2016 Davyhurst target” 26 May 2016 Davyhurst “Ini
Slide 9: Resource Development Program
Resource Development Program • Drill out of near mine ounces • $3m committed • May to Aug 2016, current proposed mine schedule • Aug to Dec 2016, resource extensions • Focus on: 1. Sandking 2. Missouri 3. LOI (Makai) 4. Callion 5. Riverina • Intended outcomes • JORC 12 compliance • Publish mining st
Slide 10: Exploration: Regional Reconnaissance Program
Exploration: Regional Reconnaissance Program • Objectives – generate new discoveries within the belt • Method – generate regional consistent datasets for: 1:10,000 or 1:5,000 detailed geological outcrop mapping Regional advanced 3D modelling where appropriate Soil Geochemistry – auger drilling
Slide 11: Processing Plant Refurbishment
Processing Plant Refurbishment – Commenced May 16 Site Services ($1m) • Camp, potable water, communications and IT • Completed June 2016 Plant Refurbishment ($1m) • Steel / concrete refurbishment • Cost $1m Plant Upgrade ($13m) – GR Engineering • New gravity circuit & tailings thickener, plus overha
Slide 12: EGS mid tier vs. ASX listed gold peers
EGS mid tier vs. ASX listed gold peers Source: Hartleys Limited 12
Slide 13: Michael Fotios – Executive Chairman
Michael Fotios – Executive Chairman: +61 8 6241 1866 Website: www.easterngoldfields.com.au Michael Fotios – Executive Chairman
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