Gwr Group Limited · ASX:GWR

Gwr — Golden West Resources — Midwest Economics and Resources Summit, Geraldton 2012

31 slides from Gwr's conference presentation, August 2012

  1. Slide 1: Midwest Economics and Resources Summit, Geraldton, August 2012

    Midwest Economics and Resources Summit, Geraldton, August 2012

  2. Slide 2: Regulatory and Compliance Disclaimer

    Regulatory and Compliance Disclaimer This presenta@on contains reference to certain plans of Golden West Resources Limited which may or may not be achieved. The performance and opera@ons of Golden West Resources Limited may be influenced by a number of factors, uncertain@es and con@ngencies many of w

  3. Slide 3: Corporate Snapshot

    Corporate Snapshot Issued Securi6es Capitalisa6on/cash Ordinary Shares (GWR) 192M Market Cap ($0.30 per share (01/08/12) A$58M Issued Op@ons 25M Cash (30/06/12) A$25M Major shareholders Cliffs Asian Pacific Iron 13% Fairstar Resources Ltd 12% Wynnes Investment Holdings Ltd 11% Joyful Winner Holding Lt

  4. Slide 4: Board & Senior Management

    Board & Senior Management Gary Lyons Tien Seng Law (Non-­‐Execu6ve Chairman) (Deputy Chairman) 20 years experience; MD -­‐ Heiniger Groups Aust. Ops; Non Malaysian businessman; Advisor of Jinan Group; Deputy Execu@ve Director of Anagen Limited. Chairman of Hiap Teck Venture Chin An Lau Kong Leng Lee

  5. Slide 5: Project Interests

    Project Interests § Iron Ore Development Project – Wiluna West Iron Ore § Advanced Gold Project – Wiluna West Gold § Iron Ore Explora@on Projects – Woodley Iron Project – Earaheedy Iron Project – Booylgoo Iron Project

  6. Slide 6: Wiluna West Project Overview

    Wiluna West Project Overview § Tenement holding 267km2 § Granted mining leases over main project area § DSO hema@te Mineral Resource Es@mate of 130Mt @ 60% Fe § DSO hema@te Mineral Reserve Es@mate of 69.2Mt @ 60.3% Fe § Gold Mineral Resource Es@mate of 3.5Mt @ 2.3g/t for 258,000 oz

  7. Slide 7: Wiluna West Iron Ore

    RESOURCES LIMITED é Wiluna West

  8. Slide 8: Wiluna West Iron Ore

    a) Wiluna West Iron Ore GoldenWest

  9. Slide 9: Status Resources and Reserves

    Status Resources and Reserves § Resource defini@on drilling largely completed § JORC* DSO hema@te Resource of 130Mt § 69Mt of Proven & Probable JORC Reserves, with an addi@onal 13Mt of Inferred Resource within Reserve pit limits (total of 82Mt) – Conversion of Resources to Reserves 95% *JORC refer

  10. Slide 10: JORC Resources & Reserves

    JORC Resources & Reserves Classifica6on Tonnes (Mt) Fe (%) SiO2 (%) Al2O3 (%) LOI (%) P (%) DSO Measured 3.7 59.6 7.8 2.5 4.0 0.09 Hema6te Resources Indicated 77.2 60.3 7.4 2.4 3.6 0.05 Inferred 49.5 59.7 7.3 2.4 3.9 0.05 Total 130.3 60.0 7.4 2.4 3.6 0.06 Classifica6on Tonnes (Mt) Fe (%) SiO2 (%) Al2O

  11. Slide 11: Development Considerations

    Development Considera@ons § Progressing comple@on of Defini@ve Feasibility Study (DFS) – Product defini@on and marke@ng – Hydrology – Mine planning and closure plans § Port selec@on – Timeframe and infrastructure development § Pit-­‐to-­‐ship logis@cs – Cost efficient for transport of a bulk commodit

  12. Slide 12: Infrastructure Overview

    Infrastructure Overview § Port op@ons include: – Geraldton – Esperance – Oakajee § Key issues rela@ve to each op@on: – Access and tariff arrangements – Transport and supply chain – Development pathway and @meline – Opera@ng cost and capex demands – Planning horizons extend over a number of years an

  13. Slide 13: Short Term – Unlocking Immediate Value

    BROOME 0 300 km Short Term – Unlocking Immediate Value Dampier PORT HEDLAND Marble Bar Karratha Esperance Tom Price Paraburdoo Newman § Planned upgrade GOLDEN WEST RESOURCES WILUNA WEST IRON PROJECT § Deep water port – Capesize vessels § Sealed road from Wiluna to Leonora PROPOSED RAILWAY Jack Hi

  14. Slide 14: Long Term

    Long Term § Develop a large scale mining opera@on at the Wiluna West project that will: – Export up to 3Mtpa iron ore out of Esperance – Export 5-­‐7Mtpa iron ore out of Oakajee § Unlock value from Company’s Woodley, Earaheedy and Booylgoo explora@on projects § Con@nue to iden@fy further iron ore

  15. Slide 15: Oakajee: Future Value

    BROOME 0 300 km Oakajee: Future Value Dampier PORT HEDLAND Marble Bar Karratha Tom Price Paraburdoo Newman GOLDEN WEST RESOURCES WILUNA WEST IRON PROJECT PROPOSED RAILWAY Jack Hill Wiluna West to proposed Oakajee Port Meekatharra Weld Range WILUNA Tallering Peak Mt. Magnet Mt. Forrest Kalbarri Mt. A

  16. Slide 16: Why Oakajee?

    Why Oakajee? Port Spur or Road Public Rail Total Oakajee 230km 400km 630km km = kilometres from Wiluna West Project site Esperance 320km 650km 970km § Part of long term development strategy § Proposed OPR Development model: – Phase I – Port 45Mtpa, Rail 75Mtpa – Rail Oakajee to Weld Range § Weld

  17. Slide 17: Project Status - Infrastructure

    Project Status -­‐ Infrastructure § In January 2012, Western Australian State Government announced inten@on to upgrade Esperance Port by up to 20Mtpa § Esperance Mul@-­‐User Iron Ore Facility (MIOUF) market sounding adver@sed in June 2012 – @metable set for consulta@on with private sector. Capacit

  18. Slide 18: Project Status - Environment

    Project Status -­‐ Environment § Major environmental studies complete - No environmentally sensi@ve fauna or flora species - No hydrological issues - No show-­‐stoppers § Mining proposal approval received for 1Mtpa mine opera@on at the high grade JWD deposit – Clearing permit granted by Department

  19. Slide 19: Project Status - Aboriginal Heritage

    Project Status -­‐ Aboriginal Heritage § Na@ve Title Mining Agreement executed § Archeological and ethnographic surveys largely completed § Heritage Management Plan well advanced – No indica@on of any significant ethnographic or archeological sites or issues – Comple@on expected in 2012

  20. Slide 20: Wiluna West Gold

    RESOURCES LIMITED é Wiluna West

  21. Slide 21: Project Overview

    Project Overview § Aiming to commence gold mining opera@ons in 2012, via toll milling arrangement with nearby milling facility § Wiluna West has a number of gold deposits with a combined Resource of 3.5Mt @ 2.3g/t Au for 258,000 oz § Preliminary infill and confirmatory RC drilling at the Golden Mon

  22. Slide 22: Wiluna West JWD Mining Approval

    Wiluna West JWD Mining Approval

  23. Slide 23: JWD Mining Approval

    JWD Mining Approval § John William Doutch (JWD) high grade mining proposal approved by Department of Mines and Petroleum, in April 2012 § Clearing permit previously approved by Department of Conserva@on and Environment § 3 million tonnes @ 1Mtpa

  24. Slide 24: JWD Mining Approval

    JWD Mining Approval JWD Hema6te Classifica6on Tonnes (Mt) Fe (%) SiO2 (%) Al2O3 (%) LOI (%) P (%) Resource Indicated 6.3 64.5 2.6 1.6 2.7 0.03 Reported above a 50% Inferred 4.5 63.6 3.0 1.5 2.6 0.03 Fe Cut-­‐Off Total 10.8 64.1 2.8 1.6 2.6 0.03

  25. Slide 25: JWD Mining Approval

    JWD Mining Approval § JWD mine development planning well advanced § Discussions underway with interested par@es in rela@on to transport and port access – opportunity for shipment via Geraldton being assessed currently § In-­‐fill drilling completed August 2012 to support mine planning § Logis@cs

  26. Slide 26: Regional Exploration – DSO Iron

    Regional Explora@on – DSO Iron § Ac@vely pursuing other DSO hema@te projects within the Midwest and Yilgarn regions § Company well funded and ideally placed to pursue acquisi@on opportuni@es § Woodley – DSO hema@te targets iden@fied – Nemex farm-­‐in agreement -­‐ $1M spend to earn 85% § Earaheed

  27. Slide 27: Regional Exploration – Woodley

    Regional Explora@on – Woodley § DSO hema@te targets iden@fied § Ini@al GWR mapping and rock chip sample results iden@fied widespread hema@te and geothite mineralisa@on over 15km strike length § 70% of 225 rock chip samples collected had grades >55% Fe § RC drilling program to test con@nuity of sur

  28. Slide 28: Regional Exploration – Earaheedy

    Regional Explora@on – Earaheedy § Earaheedy basin located 200km north-­‐ east of Wiluna and considered highly prospec@ve for both iron and manganese deposits § GWR recently acquired 1382km2 § Hema@te geothite mineralisa@on iden@fied in 1970s associated with Frere Forma@on which is evident on GWR t

  29. Slide 29: Key Project Milestones

    Key Project Milestones Milestone Status Complete Na6ve Title Agreement Jul 2010  69 Mt Reserve Aug 2011  Small Mining Approval (JWD) Apr 2012  Esperance Capacity Reserva6on Deed Jul 2012  Esperance Port Upgrade Aug 2012 – MUIOF Market Sounding underway JWD Mine Development 2012 – Development pro

  30. Slide 30: Community

    Community § Significant commitment to community by GWR § 4th Annual Wiluna Martu Eagles/ Dalkeith Nedlands Football weekend held in Wiluna and a\ended by WAFL commissioners. Sponsored by GWR and nine other local resources and service companies § GWR ac@vely supports programs directed at improving

  31. Slide 31: Contact Details

    Contact Details Craig Ferrier Execu@ve General Manager email: craig.ferrier@goldenwestresources.com mobile: 0417 183 269

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