Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Investor Presentation (May 2016)
18 slides from Prospect Resources's investor presentation, May 23, 2016
Slide 1: High Grade Lithium Project, High Grade Gold Projects
For personal use only High Grade Lithium Project High Grade Gold Projects ASX: PSC www.prospectresources.com.au 1 Prospect Resources
Slide 2: Disclaimer & JORC Notice
For personal use only Disclaimer & JORC Notice The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd (“Prospect Resources or the Company”) or its respective employees, agent
Slide 3: Option – High Grade Arcadia Lithium Deposit
Option – High Grade Arcadia Lithium Deposit • Initial Exploration Target of 15-18Mt at 3-5% Li2O+ For personal use only • Arcadia Lithium Deposit lies within one of the three well known Zimbabwe lithium camps, approx. 35kms east northeast of Harare. • Intermittent production from 1954 to 1972, produ
Slide 4: Project Structure
Project Structure Lithium Gold For personal use only Arcadia Lithium Gwanda East Penhalonga Project Prestwood Main & Arcadia Lithium: Prestwood A Gold: Exploration Target First Production of 15-18Mt at 3- from Prestwood. Bing Bucks Reef 5% Li2O+ Preparing for continuous gold production. Arc Sally +
Slide 5: Corporate Snapshot
Corporate Snapshot Summary – May 2016 For personal use only ASX Code: PSC Shares on issue: 1.046 B Options (0.5c ex): 65 m Trading Price : 1.6c Market Cap at trading Price: $16 m Cash: ~$550k Top Shareholders Top 10 Shareholders ~ 551m shares ~ 53% Top 20 Shareholders 62% African Based Shareholders
Slide 6: High Grade Arcadia Lithium Deposit
High Grade Arcadia Lithium Deposit For personal use only • Located some 35kms east northeast of Harare • Historic mining district of pegmatites and gold mines • Accessed via sealed road • Mains power crossing claims • Most easterly of three well known Pegmatite camps • Zimbabwe is one of the major w
Slide 7: High Grade Arcadia Lithium Deposit
High Grade Arcadia Lithium Deposit • The Arcadia pegmatite is • Spodumene is abundant in the east and For personal use only exposed in a 100m long pit on a petalite constitutes 10% to 50% of the steep hill slope and has 3 to 10 pegmatite in the west. metre thickness • flat dipping at 3o-5oNW • Strik
Slide 8: High Grade Arcadia Lithium Deposit
High Grade Arcadia Lithium Deposit Harare 35km For personal use only July Drill Target Area Old boreholes Green Mamba Old Plant Site Arcadia Pit Strike (open to SW) 0m 500m 8 Prospect Resources
Slide 9: High Grade Arcadia Lithium Deposit – Next Steps
High Grade Arcadia Lithium Deposit – Next Steps • Diamond drill rig programme to commence in July For personal use only • Define Indicated and Inferred resource • Infill drill programme to follow to define indicated and measured resource • Determine inputs to project scoping study – scoping study to
Slide 10: Gwanda East – Gold Production
Gwanda East – Gold Production Prestwood Main For personal use only • First Gold Production announced in April 2016 • 5 Level drives being blasted and rises developed in preparation for continuous gold production. • Shaft sinking ongoing • Expected cashflows from Gwanda East gold production to propel
Slide 11: Prestwood - Future Development
Prestwood - Future Development Prestwood A Bucks Reef For personal use only • old workings cleaned out • Exploration headframe erected at Bucks Reef West • sampling underway • Historically, one of the richest • the reef is hosted by one of a gold mines in Zimbabwe series of parallel east-west struct
Slide 12: Exec Management & Board of Directors
Exec Management & Board of Directors Harry Greaves - Executive Director Mr Greaves is a 4th generation Zimbabwean and a resident of Zimbabwe. He For personal use only holds a B.Sc (agriculture) from University of Natal. He is the founding shareholder of Farvic Consolidated Mines (Pvt) Ltd which oper
Slide 13: Senior Management & Advisors
Senior Management & Advisors Roger Tyler - Chief Geologist He is a British geologist, who after almost 25 years working experience in Africa, is now For personal use only Technical Director for Farvic. He has an Honours degree in Mining Geology from the Royal School of Mines and a Master of Engineer
Slide 14: Zimbabwe Indigenization Approvals
Zimbabwe Indigenization Approvals For personal use only Zimbabwe Investment Authority has approved the Company’s application to own a 70% equity interest in Hawkmoth (via Prospect Singapore) with the following conditions: • The Company funds all exploration costs and upon commencement of production,
Slide 15: Corporate Structure
Corporate Structure Prospect Resources Ltd For personal use only 100% Prospect Resources Pte Limited Farvic Consolidated Mines (Pvt) Ltd (“Prospect Singapore”) Certified Zimbabwean Indigenous Company (“Farvic”) 70% 30% Hawkmoth Mining & Exploration (Pvt) Ltd Certified Zimbabwean Indigenous Company (
Slide 16: Previously announced Information relating to Arcadia Lithium Deposit Exploration Target
Previously announced Information relating to Arcadia Lithium Deposit Exploration Target The Arcadia pegmatite is exposed in a 100m long pit on a steep hill slope and has 3 to 10 metre thickness; it is flat dipping at 3o-5oNW and significantly is known to extend for at least 1,500m along strike. For
Slide 17: Location of Mining Projects
Location of Mining Projects Arcadia Lithium Zimbabwe Arcadia V For personal use only Located some 35kms Lithium Camp east northeast of Harare Penhalonga Gold Located in Matare on the Mozambique border Gwanda East Gold Penhalonga Gold Located some 130km east south east of Bulawayo Gwanda East Gold Ca
Slide 18: Prospect Resources Limited
For personal use only Prospect Resources Limited | ACN 124 354 329 Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300 | www.prospectresources.com.au 18 Prospect Resources
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