West African Resources Ltd · ASX:WAF

West African Resources — Investor Presentation (March 2011)

16 slides from West African Resources's investor presentation, Mar 22, 2011

  1. Slide 1: West African Resources

    For personal use only www.westafricanresources.com

  2. 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’ WAF or the ‘Company’) 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

  3. Slide 3: Investment Highlights

    Investment Highlights For personal use only 9 25 contiguous g permits p coveringg 5345km2 over 170km strike of ggreenstone 9 Further acquisitions in pipeline 9 Largest ASX-listed landholder in Burkina Faso Faso, West Africa 9 Extensive near-surface gold mineralisation in RAB and RC Drilling - wide i

  4. Slide 4: 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

  5. Slide 5: Capital Structure

    Capital Structure For personal use only West African Resources Capital Structure March 2011 Total Ordinary Shares on Issue 147.7M Director & Management Options 20c, 25c & 35c 37.5M Number of shareholders 675 Directors & Management Interest ~40% 40% Top 20 Shareholders 70% Cash $3.2M Market Capitalis

  6. Slide 6: Boulsa Project - Major Land Position

    Boulsa Project - Major Land Position For personal use only ƒ 25 contiguous permits, 100% owned covering 5345km2 ƒ Major country-wide shear-zone (Markoye Fault) ƒ Over 170km of greenstone belt ƒ Along strike from emerging 3.5Moz depos t deposit ƒ Extensive artisanal workings ƒ Over 30km strike of aug

  7. Slide 7: Moktedu-Meguet Trend Targets

    Moktedu-Meguet g Trend Targets g For personal use only ƒ 30km of defined auger anomalies ƒ Infill on-going with WAF rigs ƒ Over 25 targets ƒ Onlyl 3 RC drilled d ill d

  8. Slide 8: Moktedu Prospect Results

    Moktedu o tedu Prospect ospect Results esu ts For personal use only 1.6km long, high-grade oxide mineralised zone from surface 9 28m at 9.22 g/t Au from surface; including 8m at 31.67 g/t Au 9 13m at 4.60 4 60 g/t Au from 20m*; 20m ; including 5m at 11 11.66 66 g/t Au 9 13m at 3.16 g/t Au from 4m*;

  9. Slide 9: For personal use only

    RC, Significant Result e Auger, Significant Result %~— Artisinal Workings =—— RABDrill Line © Auger, > 0.1 g/t Au Zone ())) Auger, 0.01 gitAu Zone Cc] WAF Tenement, Granted WAF Tenement, Pending 7 50:000N Bombore Deposit 3.6 MOZ Au Orezone Gold Corporation ORE: TSX Strike Extension To Be'Sampled in

  10. Slide 10: RAB Drill Intercept

    RAB Drill Intercept —— RABDrillLine | WAF Tenement, Granted WAF Tenement, Pending = 52,000N 16,000E ! J 18,000E Open Refer to cross section looking North-East 17,000E 1 5 & WAFMOK_0003

  11. Slide 11: For personal use only

    = 320 RL - 300 RL = 280 RL 6p, @® Mineralised Zone High Grade Zone 320 RL Open at depth ed 40 metres WAF_MOK_0002

  12. Slide 12: Meguet Prospect RC Results

    Meguet Prospect RC Results Extensive near-surface gold For personal use only 2009 RC Results ƒ 7m at 2.32g/t Au from 4m ƒ 1m at 9.43g/t 9 43g/t Au from 15m ƒ 7m at 1.55g/t Au from 28m ƒ 8m at 2.52g/t Au from 37m ƒ 20m at 0.95g/t 0 95g/t Au from 0m Nov 2010 RC Results ƒ 12m at 4.57g/t Au from 28m ƒ 5

  13. Slide 13: For personal use only

    ° RC Collar 7m @ 1.55 g/t Au from 28m 148,006 © — Auger Result (g/t Au) 4m @ 2.13 g/t Au from 16m 4 ~ Rock Chip Sample (g/t Au) 16m @ 1.49 g/t Au from 30m 1,374,000N ~~ Artisinal Workings RAB Drill Line 4m @ 2.43 g/t Au from 28m Mineralised Zone 8m @ 0.9 g/t Au from 24m @) >» 0.1 gtAu Zone (DD) 0.01

  14. Slide 14: Prospect Summary

    Prospect p Summaryy For personal use only 30km strike Auger Anomalies Fatmatenga ƒ High-grade gold in RC ƒ 8m at 10.37g/t Au from 56m incl 1m at 58.30g/t Au from 57m 57 ƒ 3m at 3.42g/t Au from 8m ƒ 6m at 3.14g/t Au from 17m Kalamtore: Kalamtore:- ƒ Active local mining ƒ Rock-chips 9.48g/t Au, 2.66g/

  15. Slide 15: Work Completed Since June 2010

    Work Completed Since June 2010 For personal use only ƒ Increased landholding by 2,000m2 to 5,345km2 ƒ Detailed Auger infill at BSW-Meguet, high tenor auger results ƒ 20,000 line km detailed aeromag survey completed ƒ +3,000m RC program completed, produced extensive near-surface gold mineralisation o

  16. Slide 16: West African Resources Ltd

    For personal use only WEST AFRICAN RESOURCES LTD ACN 121 539 375 LeveL 2, 23 Ventnor Ave W t Perth West P th WA 6005 T: +61 (8) 9481 7344 F: +61 (8) 9481 7355 E: info@westafricanresources.com

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