West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (July 2011)
28 slides from West Wits Mining's investor presentation, Jul 18, 2011
Slide 1: West Wits Mining Limited - Derewo River Gold Project
Main heading West Wits Mining Limited (ASX:WWI) Derewo River Gold Project, Papua, Indonesia - “Exploring for the source” Capital raising with BGF Equities Explore, Evaluate, Extract
Slide 2: Disclaimer
Disclaimer Main heading This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that could cause those act
Slide 3: Executive Summary
Executive Summary Main heading • West Wits Mining Limited (ASX:WWI) acquires the Derewo River Gold Project, Papua Province, Indonesia • Derewo is a high grade placer deposit with coarse gold nuggets occurring within alluvial gravels • Gold bearing horizon is a high energy river channel buried by lan
Slide 4: Board and Executives
Board and Executives Main heading • Michael Quinert (Executive Chairman) 20 years as a commercial lawyer and 15 years as a partner in a Melbourne law firm. Extensive experience in advising public companies on capital raisings and market compliance issues • Hulme Scholes (Non Executive Director) Bega
Slide 5: One major gold producer on the Indonesian side of border with PNG, Why?
One major gold producer on the Indonesian side of border with PNG, Why? Main heading 5
Slide 6: Derewo River Gold Project ("Derewo")
Derewo River Gold Project (“Derewo”) Main heading • Political/physical isolation delayed discovery until 2004 • Coarse nuggets contained in terraces and paleochannel along middle Derewo River • Exploration program to locate source of alluvial gold • Mining alluvial gravels will provide cashflow and
Slide 7: Discovering source of Derewo alluvials
Discovering source of Derewo alluvials Main heading • Quote from CSA independent experts report; “Based on the high gold grades and the mineralization observed at Area 81, this is a truly outstanding exploration prospect. Gold occurrences like this are extremely rare and this area deserves to be tho
Slide 8: Derewo Project Area – Mining Licence
Derewo Project Area – Mining Licence Main heading • IUP Production (Mining Leases) 40ha granted EIS process near completion 491ha – application • Heavy Equipment on site • Site survey for detailed design • Mining & processing circuit determined • Community Development Agreement in place 8
Slide 9: Alluvial development of Derewo
Alluvial development of Derewo Main heading • Alluvial development will form part of data compilation for hard rock source • The development strategy; PHASE I – Commence mapping and sampling program and small scale hydraulic mining operation PHASE II – Complete access road, dam construction and pipe
Slide 10: Alluvial development of Derewo
Alluvial development of Derewo Main heading All gold coarse and easy captured by sluice boxes Alluvial Mining at Porgera 1960’s Schematic of Mining 10
Slide 11: Derewo Project Area – Exploration Leases
Derewo Project Area – Exploration Leases Main heading 11
Slide 12: The Acquisition
The Acquisition Main heading • ASX announcement on 3 February 2011 to acquire 50% interest in Derewo Project • Interests consists of mining rights and exploration rights and registered applications over 129,000 hectares; o a 50% interest in existing alluvial mining projects; and o a 50% interest in
Slide 13: Capital Raising
Capital Raising Main heading • BGF to raise approx $3 million; Place 33.75m ordinary shares at 5c per share – 21% existing shareholding to repay debt to WWI Place 33.75m ordinary shares at 4c per share with attaching 1 for 4 options exercisable at 8c ex date at 01/02/14 Placement to be completed on
Slide 14: Corporate Structure – Post Transaction
Corporate Structure – Post Transaction Main heading Current Capital Capital Structure Post Transaction and Structure Capital Raising Ordinary Shares 167,722,340 Ordinary Shares 286,470,234 Market Cap @ $0.05 ~A$9.4m Market Cap @ $0.0 ~A$16m Cash ~ A$0.2m Cash ~ A$3.7m Debt A$0 Debt A$0 Enterprise Va
Slide 15: South African Projects
South African Projects Main heading • New partners strongly support developing SA assets • Leases located on the West Rand, known for its world class gold mines • Leases hold 20kms of Witwatersrand Reef • WWI has been focused on developing near surface gold resources for opencut mining • Historical
Slide 16: Project Summary
Project Summary Main heading 16
Slide 17: Exploration Strategy
Exploration Strategy Main heading • Develop a JORC resource statement of a 1 million ozs Au in medium term with a 250,000 ounce reserve from its near surface open cut targets • Three exploration models for South Africa 1. Near surface targets conducive to open cut mining 2. Unmined sections of reef
Slide 18: Emerald Gold Project
Emerald Gold Project Main heading Emerald Western Pit Historical Monarch Pit 18
Slide 19: Next steps for SA
Next Mainsteps for SA heading Simple Strategy • Continue to delineate “convertible ounces” – low cost discovery EMPEROR TARGET • Continue to expand and develop project pipeline • Increase JORC statement to 1 million ozs for near surface gold targets • Near surface gold targets; 1km Gap between Monar
Slide 20: Conclusion
Conclusion Main heading • Only ASX listed company with exposure to high quality exploration targets in Papua, Indonesia • Elephant country – quality structural setting in favourable geology • Target models - Porgera Zone 7(20moz) and Wafi/Gopu (30moz) • Security of tenure under new 2009 Mining Law •
Slide 21: Contact
Contact Main heading Michael Quinert Tim Chapman Executive Chairman Corporate Manager Phone: +61 3 9824 8166 Phone: +61 3 9824 8166 Suite 2, 1233 High Street Armadale Suite 2, 1233 High Street Armadale Victoria 3143 Victoria 3143 21
Slide 22: Appendicies
Appendicies : wW WEST WITS MINING
Slide 23: Derewo River Gold Project
Derewo River Gold Project Main heading 23
Slide 24: Company Ore Reserve and Mineral Resource Summary
Company Ore Reserve and Mineral Resource Summary Main heading 24
Slide 25: Witwatersrand Goldfield
Witwatersrand Main heading Goldfield • Witwatersrand Basin has produced 40% of the world’s gold • Rich, continuous multiple reef ore bodies • WWI leases cover 20kms of Witwatersrand reef, west of Johannesburg, South Africa • Close to existing infrastructure, 20kms from Johannesburg CBD 25
Slide 26: Regional Location Map
Regional Location Map Main heading 26
Slide 27: Emerald Gold Project
Emerald Gold Project Main heading • Current JORC Reserve/Resource across 2km strike Proven & Probable Reserve – 59,000 ozs @ 1.7 g/t Au down to 50m Measured and Indicated Resources – 46,000 ozs @ 1.56 g/t Au down to 80m • High grade mineralisation 1km of south of Emerald Gold Project anticipated to
Slide 28: JORC Statement
JORC MainStatement heading The Ore Reserve Estimate summarises the content of the mine designs above a 0.8g/t cut-off. The figures presented have been rounded and include mining dilution and ore loss. The Ore Reserve Estimate has been derived as part of pre-feasibility study The information in this