Eastern Goldfields, Inc. · OTC:EGDD
Eastern Goldfields — Investor Presentation (September 2016)
48 slides from Eastern Goldfields's investor presentation, September 2016
Slide 1: Driving Value Through Production and Exploration
Driving Value Through Production and Exploration For personal use only September 2016
Slide 2: Disclaimer
Disclaimer Competent Persons Statement • The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Michael Thomson, an For personal use only employee of Eastern Goldfields Limited, who is a Member of the Australian Institute of
Slide 3: Investment Highlights
For personal use only Investment Highlights • Debt free Turnaround • $15.5m in cash (at 30 June) 1 Complete • Well funded to rapidly advance clear development program • Experienced board and management • On track for restart of mining Dec Q 2016 and processing Mar Q 2017 Production • Key infrastruct
Slide 4: Corporate Overview
Corporate Overview Capital Structure (ASX:EGS) Share Chart For personal use only Issued Capital 489.53m 60 5.0 Volume Millions Options On Issue1 50.2m 50 Closing Share Price (cents) 4.5 4.0 Share Price $0.37 3.5 40 Market Capitalisation ~$181m 3.0 30 2.5 Cash in bank (30 June 2016) ~$15.5m 2.0 20 De
Slide 5: Project Overview
Project Overview • Located ~120km north west of Kalgoorlie within the North For personal use only Eastern Goldfields of Western Australia • Coverage of ~150 strike kms of greenstone sequences prospective for gold • 236 tenements covering ~1,365km2 containing multiple mining centres • Aggregation of
Slide 6: Strategic Joint Venture – Menzies and Goongarrie
Strategic Joint Venture – Menzies and Goongarrie • Binding Heads of Agreement executed with Intermin Resources Ltd (ASX: IRC) For personal use only • Earn-in joint venture on IRC’s Menzies and Goongarrie projects • EGS to sole fund and manage A$5.5m of exploration and development studies over 4 year
Slide 7: Our Strategy - Three Stage Approach
For personal use only Our Strategy - Three Stage Approach Focused on two hubs: Near Term Mining 1 Opportunities 1. Davyhurst Project Hub (Priority 1) 2. Mt Ida Project Hub (Priority 2) 2 Resource Development Drilling out of near mine ounces underway Exploration to Drive Next 3 Phase of Resource Focu
Slide 8: Davyhurst Hub – Near Term Gold Production
Davyhurst Hub – Near Term Gold Production • Large existing resource base - 18.6Mt @ 2.3g/t • Past production +500,000ozs For personal use only • Includes the Siberia area, Davyhurst area (Golden Eagle deposit and LOI Mining Centre), Callion area, Waihi area, Mulline area and Riverina area • Substant
Slide 9: Davyhurst Hub – Production Potential
Davyhurst Hub – Production Potential • Targeting 80,000 ounces p.a. by June 2017 • Targeting step change to +100,000 ounces p.a. by December 2017 For personal use only • Based on 800,000tpa throughput – potential to lift to +1.2mtpa • Strong potential to lift production profile through increased thr
Slide 10: Davyhurst Hub – Resource Development Program
Davyhurst Hub – Resource Development Program • Significant number of exploration opportunities within the Davyhurst hub: For personal use only • Current focus on extension of existing resources • Hosts some of the largest deposits within the entire portfolio with considerable potential for the disco
Slide 11: Davyhurst Hub – Plant Refurbishment Underway
Davyhurst Hub – Plant Refurbishment Underway • Refurbishment of the 1.2Mtpa Davyhurst Plant underway For personal use only • Targeting re-commissioning in Mar Q 2017 • Existing infrastructure includes: • 1.2Mtpa processing facility • Mains power via Goldfields grid • 180 person camp and associated b
Slide 12: Mt Ida Project Hub - Overview
Mt Ida Project Hub - Overview • High grade, low tonnage (e.g. Andy Well, Paulsens) - 317kt @ 13.8g/t For personal use only • Potential for stand alone operation • Historic production: +500kt @ +15g/t Au • Drilling commenced in June 2016 • Exploration focus now shifts to building high quality mineral
Slide 13: Exploration - Regional Reconnaissance Program
Exploration - Regional Reconnaissance Program • Objectives – generate new discoveries within the belt For personal use only • Systematic exploration program to be pursued • Historically fractured tenure led to a disjointed approach to exploration across the project area • Method – generate regionall
Slide 14: EGS mid tier vs. ASX listed gold peers
For personal use only EGS mid tier vs. ASX listed gold peers Source: Hartleys Limited as at 19 August 2016 14
Slide 15: Appendix
For personal use only Appendix
Slide 16: Davyhurst & Waihi Mining Centres
Davyhurst & Waihi Mining Centres For personal use only 16
Slide 17: Davyhurst & Waihi
For personal use only Davyhurst & Waihi • New geological models for mineralisaton being developed – focus on LOI complex & Waihi Lode System • Underground evaluation work looks to the system rather than individual lodes • LOI Complex - multiple ore sources with shared existing capital infrastructure
Slide 18: Lights Of Israel (LOI) Complex – 3D View
For personal use only Lights Of Israel (LOI) Complex – 3D View Note: The potential quantity and grade of the Exploration Targets are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation
Slide 19: LOI Mining Centre Exploration Targets – Additional Information
LOI Mining Centre Exploration Targets – Additional Information For personal use only The Exploration Targets are based upon a comprehensive geological and mineralisation review conducted by Eastern Goldfields Limited. This modelling utilised a combination of exploration drilling data, underground sa
Slide 20: LOI Complex – New Drilling Location
For personal use only LOI Complex – New Drilling Location • Results from Lights of Israel Complex confirm gold mineralisation at Makai and Great Ophir, enhancing underground mining opportunities • LOI Complex located within 1 kilometre of the Davyhurst processing plant • Significant drilling results
Slide 21: Makai Schematic Long Section looking East
Makai Schematic Long Section looking East For personal use only Note: Results released in ASX announcement dated 10 August 2016 21
Slide 22: Golden Eagle
Golden Eagle For personal use only Note: Results released in ASX announcement dated 19 May 2016 22
Slide 23: Davyhurst – Waihi Complex
Davyhurst – Waihi Complex For personal use only 23 Note: Results released in ASX announcement dated 26 May 2016
Slide 24: Davyhurst - Dexy Prospect
For personal use only Davyhurst - Dexy Prospect • Encouraging drilling results returned at the Dexy Prospect: 5.00m @ 11.04g/t Au from 65.00m 8.00m @ 2.94g/t Au from 35.00m 6.00m @ 3.08g/t Au from 12.00m 2.00m @ 5.45g/t Au from 20.00m • Dexy mineralisation has been defined over a strike length of gr
Slide 25: Davyhurst - Dexy Prospect
For personal use only Davyhurst - Dexy Prospect Looking North – Oblique Section 6673700N showing mineralised trend Looking North – Oblique Section 6673725N showing mineralised trend Note: Results released in ASX announcement dated 26 May 2016 25
Slide 26: Walhalla Complex
Walhalla Complex • Encouraging gold results from For personal use only diamond drilling. • Results confirm the presence of significant mineralisation identified by recent RC drilling. • Potential to provide near term oxide mill feed. • Significant drilling results: • 3.30m @ 5.96g/t Au, including 0.
Slide 27: Walhalla North Prospect
For personal use only Walhalla North Prospect Plan View – drill hole location plan – Location Setting, plan view - showing WNP in relation to the Note: Results released in ASX announcements dated 15 June 2016 27 Round Dam mineralised trend and 18 July 2016
Slide 28: Walhalla North Prospect
Walhalla North Prospect For personal use only Cross section E-F - Note: Results released in ASX announcements dated 15 June 2016 and 18 July 2016 28
Slide 29: Callion Location
29 For personal use only Callion Location
Slide 30: Callion Mining Centre
Callion Mining Centre • Historic high grade underground producer For personal use only • Recent drilling confirms underground mining potential • Significant new drilling results 7.65m @ 9.35g/t Au from 232.05m - Including 2.45m @ 20.67g/t Au (Main Lode) & 2.90m @ 6.35g/t Au 0.30m @ 19.97g/t Au from
Slide 31: Callion
Callion For personal use only Callion plan view showing drill hole locations and open pit Callion Cross section 6665360mN, looking NNW showing recent drill results Note: Results released in ASX announcement dated 28 July 2016 31
Slide 32: Callion
Callion For personal use only Note: The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to sli
Slide 33: Callion Exploration Target - Additional Information
Callion Exploration Target - Additional Information Basis for the Callion Exploration Target: For personal use only The Exploration Targets were calculated using historic data that was collated by Eastern Goldfields Limited. The data consisted principally of channel sample assays and ore thicknesses
Slide 34: Riverina & Mulline
Riverina & Mulline • Shear hosted vein sets in Basalts and For personal use only Porphyries, past production approx. 290,000 ozs • Lady Gladys largest historical producer in the field; comprises multiple vein sets • Company has identified similar prospectivity at Peach Tree, Lady Jane North • Multip
Slide 35: Riverina & Mulline Section Locations
Riverina & Mulline Section Locations For personal use only 35
Slide 36: Lady Gladys & Peachtree Exploration Prospect
Lady Gladys & Peachtree Exploration Prospect A B For personal use only C D Note: Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014. 36
Slide 37: Riverina Complex
37 For personal use only Riverina Complex
Slide 38: Siberia Mining Centre
Siberia Mining Centre For personal use only 38
Slide 39: Siberia
For personal use only Siberia • Sulphide shears within Basalt on Ultramafic contact, past production approx. 110,000 ozs • Sand King and Missouri deposits major producers in district • Recent pit mapping has defined mineralisation controls within open cuts and regional setting • Exploration for simi
Slide 40: Siberia Complex
40 For personal use only Siberia Complex
Slide 41: Siberia – Sand King to Black Rabbit
For personal use only Siberia – Sand King to Black Rabbit Note: Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014. 41
Slide 42: Mt Ida
For personal use only Mt Ida • Gabbro and Basalt shear hosted systems past production approx. 300,000 ozs • High grade existing resource: 317kt @ 13.8g/t • Multiple advanced gold targets present in high grade system 42
Slide 43: Mt Ida Complex
43 For personal use only Mt Ida Complex
Slide 44: Mt Ida
Mt Ida For personal use only Note: Refer to ASX announcement dated 28 January 2016 for further information. 44
Slide 45: Mt Ida – Bombay Prospect
For personal use only Mt Ida – Bombay Prospect • Located 7 kilometres north-west of the Mt Ida Mine on the Timoni Trend • Drilling confirms Mt Ida Mine style mineralisation at the Bombay Prospect • Results highlight the potential to delineate further high grade mineralisation 4.00m @ 4.95g/t Au from
Slide 46: Mt Ida – Bombay Prospect
For personal use only Mt Ida – Bombay Prospect Plan View – drill hole location plan Bombay Cross section 6783450mN Note: Results released in ASX announcement dated 29 July 2016 46
Slide 47: Mineral Resources Table
Mineral Resources Table MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT For personal use only ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) GOLDEN EAGLE 0 0.0 345 2.5 311 2.6 656 2.5 54 LIGHTS OF ISRAEL UNDERGROUND 0 0.0 74 4.3 180 4.2 254 4.2 35 MAKAI SHOOT 0 0.0
Slide 48: Michael Fotios, Executive Chairman
Michael Fotios Executive Chairman Eastern Goldfields Limited Ph: +61 8 6241 1866 For personal use only Website: www.easterngoldfields.com.au
Eastern Goldfields — Investor Presentation (September 2016) on 6ix