West African Resources Ltd · ASX:WAF
West African Resources — Investor Presentation (August 2012)
24 slides from West African Resources's investor presentation, Aug 20, 2012
Slide 1: Investor Presentation August 2012
For personal use only Investor Presentation August 2012 Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
For personal use only DISCLAIMER AND JORC NOTICE 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
For personal use only INVESTMENT HIGHLIGHTS Largest 3km along strike Targeting ASX-listed from emerging maiden resource landholder in 3.5Moz deposit estimate in 2012 Burkina Faso, West Africa 30 contiguous Major permits covering 6,370km2 over 200km strike of Copper-Gold greenstone discovery in 2012
Slide 4: Investment Highlights
For personal use only INVESTMENT HIGHLIGHTS Highly-skilled team, hands-on West African experience WAF-owned fleet of six rigs, low cost exploration $4m cash to fund aggressive drilling campaign for 2012-2013
Slide 5: Capital Structure
For personal use only CAPITAL STRUCTURE THE COMPANY 15 August 2012 Total Ordinary Shares on Issue： 163.4M Director & Management Options： 38.6M Number of shareholders： 1,040 Directors & Management Interest： 35% Top 20 Shareholders： 65% Cash： $4M Market Capitalisation at 24c： $39.2M
Slide 6: Boulsa Project
For personal use only BOULSA PROJECT
Slide 7: Boulsa Project
For personal use only BOULSA PROJECT Over 30 contiguous permits, 100% owned covering 6,370 km2 200km strike of greenstone belt Along strike from emerging 3.5Moz deposit Extensive near-surface gold mineralisation in RAB & RC drilling High-grade gold mineralisation in 3.5Moz Au Bomboré deeper diamond
Slide 8: Sartenga
For personal use only SARTENGA Major Copper-Gold discovery at 100%-owned Sartenga Prospect Porphyry-related Au-Cu-Mo mineralisation 6.2km gold auger anomaly Grades up to 1.1g/t Au, 0.8%Cu, 1355ppm Mo in primary zone Sulphide results including 45.5m at 1.1g/t Aueq* from 112m - including 15.5m end of
Slide 9: Sartenga Drill Plan
For personal use only Sartenga Drill Plan
Slide 10: Sartenga Cross Section Line
For personal use only Sartenga Cross Section Line 3
Slide 11: Sartenga Long Section
For personal use only Sartenga Long Section
Slide 12: Birimian Copper-Gold Deposits
For personal use only Gaoua (VTR.TSX) Burkina Faso 82Mt @ 0.49g/t Au, 0.40% Cu Brisas (GRZ.TSXV), Venezuela 680Mt @ 0.67g/t Au, 0.12%Cu Las Cristinas (KRY.TSX), Venezuela 630Mt @ 1.03g/t Au, 0.10Cu Toroparu (SSP.TSXV) Guyana 420Mt @ 0.74 g/t Au, 0.06%Cu Adapted from www.hunterbayminerals.com Image a
Slide 13: Sartenga
For personal use only SARTENGA Major Copper-Gold discovery Porphyry-related Au-Cu-Mo mineralisation Grades up to 1.1g/t Au, 0.8%Cu, 1355ppm Mo in primary Grades up to 4.78g/t Au and 1.92% Cu in oxides Oxide intercepted over 1.2km, up to 250m width 3 holes ended in sulphide mineralisation to date, pr
Slide 14: Moktedu Prospect
For personal use only MOKTEDU PROSPECT high-grade oxide mineralised zone from surface WAF discovery from first principles in 2011 10km target strike length, supported by coincident magnetic trend, WAF RAB and auger drilling, and historic soil sampling High-grade gold from surface and at depth over 5
Slide 15: Moktedu Prospect
For personal use only MOKTEDU PROSPECT high-grade results from surface and at depth RC Drilling 6m at 8.36 g/t Au from surface, including 1m at 42.95g/t Au 3m at 7.64 g/t Au from 33m, including 1m at 20.93g/t Au 4m at 8.39 g/t Au from 4m Diamond Drilling 21m at 1.13 g/t Au from 121m, including 1m at
Slide 16: Moktedu
For personal use only MOKTEDU
Slide 17: Moktedu
For personal use only MOKTEDU
Slide 18: Meguet Prospect
For personal use only MEGUET PROSPECT
Slide 19: Meguet Prospect RC & RAB Results
For personal use only MEGUET PROSPECT RC & RAB RESULTS 2009-10 RC Results 2011-12 RAB Results 7m at 2.32g/t Au from 4m 10m at 7.67 g/t Au from 0m, ended in mineralisation 8m at 2.52g/t Au from 37m 10m at 2.77 g/t Au from 0m, ended in mineralisation 20m at 0.95g/t Au from 0m 24m at 1.00 g/t Au from 0
Slide 20: For personal use only
O* RCDrill Collar * Ended in Mineralisation mmm = +0.5 g/t Au Drill Intercept — RABDrill Line === Interpreted Fault ~~~ Shear Zone | | Mafic Volcanics Granodiorite 12m@1.59 git Au from Om 4m@3.92 g/t Au from 28m* 24m@1.00 gA Au from Om* A, 20m@0.70 g/t Au from Om* 2 S 4m@4.40 g/t Au from 8m. Open \
Slide 21: 2012-13 Field Season and Beyond
For personal use only 2012-13 FIELD SEASON AND BEYOND… Anomaly Strike Max Result Badnogo Meguet (South) 5km 4,255ppb Au Moktedu (North) 5km 211ppb Au Sartenga Bissiri 1 5km 747ppb Au Bissiri 2 4km 339ppb Au Badnogo 10km 309ppb Au Tanga 3km 232ppb Au Meguet Sondo 1 4km 283ppb Au Sondo 2 2.5km 409ppb
Slide 22: Summary
For personal use only SUMMARY WAF- Highly-skilled Largest team, hands-on West owned fleet of African experience ASX-listed landholder in Burkina Faso six rigs, low-cost exploration
Slide 23: Summary
For personal use only SUMMARY Drilling High-grade Follow-up primary at at Moktedu including 20m at 5.27g/t Au from 8m Sartenga complete aircore testing of auger First pass drilling of anomaly 40km of new Targeting auger anomalies maiden resource estimate in December 2012
Slide 24: West African Resources Ltd
For personal use only WEST AFRICAN RESOURCES LTD www.westafricanresources.com ACN 121 539 375 Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887 Investor Presentation August 2012
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