West African Resources Ltd · ASX:WAF
West African Resources — Investor Presentation (September 2011)
35 slides from West African Resources's investor presentation, Sep 1, 2011
Slide 1: Building on Gold Discoveries in Burkina Faso
For personal use only BUILDING ON GOLD DISCOVERIES IN BURKINA FASO Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
DISCLAIMER AND For personal use only 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: Agenda
AGENDA For personal use only THE THE THE THE COMPANY COUNTRY EXPLORER FUTURE
Slide 4: The Company
For personal use only THE COMPANY
Slide 5: Investment Highlights
INVESTMENTHIGHLIGHTS For personal use only Largest 3km along strike Targeting ASX-listed from expanding maiden resource landholder in 3.5Moz deposit estimate in June 2012 Burkina Faso, West Africa 25 contiguous Fully permits covering 6,165km2 over funded for three 185km strike of years of aggressive
Slide 6: Investment Highlights
INVESTMENTHIGHLIGHTS For personal use only Highly-skilled team, hands-on West African experience WAF-owned fleet of six rigs minimising exploration spend Aggressive 200,000m drilling campaign for 2011-2012
Slide 7: Why West African Gold?
WHY WEST AFRICAN For personal use only GOLD? 67% increase in production 2010-2015 280 million oz produced and discovered Fastestgrowing gold-producing region in the world
Slide 8: Why West African Gold?
WHY WEST AFRICAN For personal use only GOLD? Annual production to exceed Emerging 11 million democracies ounces by 2015 Attractive Established investment regimes mining codes
Slide 9: Capital Structure
CAPITAL STRUCTURE THE COMPANY For personal use only SEPTEMBER 2011 To t a l O r d i n a r y S h a r e s o n I s s u e ： 163.4M D i r e c t o r & M a n a g e m e n t O p t i o n s ： 38.6 M N u m b e r o f s h a r e h o l d e r s ： 1,040 D i r e c t o r s & M a n a g e m e n t I n t e r e s t ： 35% To
Slide 10: Board & Senior Management
& SENIOR BOARD For personal use only MANAGEMENT Board Francis Harper - Chairman Merchant Banker, 25 yrs experience Richard Hyde – Managing Director Geologist, 15 yrs experience Stephen Ross - Non-Exec Director Geologist, 18 yrs experience Simon Storm – Non-Exec Director Accountant, 25 yrs experience
Slide 11: The Country
For personal use only THE COUNTRY
Slide 12: Burkina Faso
BURKINA FASO For personal use only More than 4th largest 1/5 of West Africa’s gold producer in Africa total greenstone belt by the end of 2011 exposure Six new Investment mines in production in friendly mining code the past five years
Slide 13: The Explorer
For personal use only THE EXPLORER
Slide 14: Boulsa Project, Burkina Faso
BOULSA PROJECT For personal use only BURKINA FASO OUAGADOUGOU
Slide 15: Boulsa Project
For personal use only BOULSA PROJECT
Slide 16: Boulsa Project
BOULSA PROJECT For personal use only 25 contiguous permits, 100% owned covering 6,165 km2 185km strike of greenstone belt Along strike from expanding 3.5Moz deposit Extensive near-surface gold mineralisation in RAB & RC drilling
Slide 17: Moktedu Prospect
MOKTEDU PROSPECT For personal use only MOKTEDU
Slide 18: Moktedu Prospect
MOKTEDU PROSPECT For personal use only high-grade oxide mineralised zone from surface 28m at 9.22 g/t Au from surface; including 8m at 31.67 g/t Au 8m at 10.67 g/t Au from 12m; including 4m at 17.79 g/t Au 13m at 4.60 g/t Au from 20m*; including 5m at 11.66 g/t Au 13m at 3.16 g/t Au from 4m*; ended
Slide 19: Moktedu Prospect
MOKTEDU PROSPECT For personal use only high-grade oxide mineralised zone from surface 8km target strike length, supported by coincident magnetic trend, WAF RAB and auger drilling, and historic soil sampling Current drilling depth only 25 vertical metres MOKTEDU Targeting maiden resource in June 2012
Slide 20: Moktedu Prospect
For personal use only Moktedo Prospect 8m at 10.67 g/t Au 3m at 3.23 g/t Au 18m at 0.68 g/t Au 8m at 10.67 g/t Au 12m at 0.41 g/t Au 16m at 2.02 g/t Au 4m at 2.63 g/t Au 23m at 0.99 g/t Au Historical Soil Anatomy 13m at 3.16 g/t Au 28m at 9.22 g/t Au MOKTEDU Orezon gold corporation 3.5 Moz Au Bomber
Slide 21: For personal use only
For personal use only 4m at 0.61 g/t Au from surface 28m at 9.22 g/t Au from surface including 8m at 31.67 g/t Au from 16m 13m at 4.6 g/t Au from 20m including 5m at 11.66 g/t Au ending in mineralisation MOKTEDU
Slide 22: Meguet Prospect
MEGUET PROSPECT For personal use only Extensive near-surface gold
Slide 23: Meguet Prospect RC Results
MEGUET PROSPECT For personal use only RC RESULTS 2009 RC Results Nov 2010 RC Results 7m at 2.32g/t Au from 4m 24m at 2.42g/t Au from 28m 1m at 9.43g/t Au from 15m 52m at 0.60g/t Au from 0m 7m at 1.55g/t Au from 28m 12m at 0.88g/t Au from 0m 8m at 2.52g/t Au from 37m 24m at 0.66g/t Au from 24m 20m at
Slide 24: Meguet Prospect RAB Results
MEGUET PROSPECT For personal use only RAB RESULTS Jan – July 2011 RAB Results 10m at 7.67 g/t Au from 0m, ended in mineralisation 10m at 2.77 g/t Au from 0m, ended in mineralisation 24m at 1.00 g/t Au from 0m, ended in mineralisation 24m at 0.84 g/t Au from 4m, ended in mineralisation 12m at 1.59 g/
Slide 25: Meguet Prospect
MEGUET PROSPECT For personal use only Undrilled Target Open to Northeast 2011 RAB Drilling Open to Southwest 400m
Slide 26: Meguet Prospect
MEGUET PROSPECT For personal use only 20m at 0.54 g/t Au from 20m 7m at 1.55 g/t Au from 28m 16m at 1.49 g/t Au from 30m 24m at 2.42 g/t Au from 16m 8m at 0.90 g/t Au from 24m 4m at 1.69 g/t Au from 8m 12m at 0.68 g/t Au from 12m at 1.59 g/t Au from 0m 12m* 4m at 3.92 g/t Au from 28m* 24m at 1.00 g/
Slide 27: New Sartenga Discovery
For personal use only NEW SARTENGA DISCOVERY
Slide 28: New Sartenga Discovery
NEW SARTENGA For personal use only DISCOVERY Massive 6.2km x 1.4km Footprint Peak result of 3m at 0.61 g/t Au First-pass wide-spaced regional auger drilling No outcrop or artisanal mining activity Second discovery from first principles by West African in past 12 months
Slide 29: New Sartenga Discovery
NEW SARTENGA For personal use only DISCOVERY 2009-11 Auger Target > 40 Strike Km ! 4000 km2 to be sampled 2011-12
Slide 30: The Future
For personal use only THE FUTURE
Slide 31: 2011-12 Field Season
2011-12 FIELD For personal use only SEASON 2009-11 Auger Target > 40 Strike Km ! Over 40km of auger geochem anomalies to follow-up Less than 15% of anomalies drill tested to date WAF-owned fleet of six rigs minimising exploration spend New permits expected to be granted before wet season 200,000m of
Slide 32: Summary
SUMMARY For personal use only Largest 3km along strike High-grade ASX-listed landholder from emergent results including 28m at in Burkina Faso 3.5Moz deposit 9.22 g/t Au from surface
Slide 33: Summary
SUMMARY For personal use only Largest Less than 15 % Highly-skilled ASX-listed landholder of anomalies drill team, hands-on West in Burkina Faso tested to date African experience
Slide 34: Summary
SUMMARY For personal use only WAF-owned Targeting Fully funded fleet of six rigs maiden resource for 3 years of intensive minimising exploration estimate in June exploration including up to spend 2012 200,000m of drilling p.a.
Slide 35: West African Resources Ltd
WEST AFRICAN RESOURCES LTD For personal use only http://www.westafricanresources.com/ ACN 121 539 375 Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887 BUILDING ON GOLD DISCOVERIES IN BURKINA FASO
West African Resources — Investor Presentation (September 2011) on 6ix