West Wits Mining Limited · ASX:WWI
West Wits Mining — Shareholder Meeting (November 2009)
20 slides from West Wits Mining's shareholder meeting presentation, Nov 19, 2009
Slide 1: West Wits Mining Limited Annual General Meeting 2009
Main heading For personal use only West Wits Mining Limited Annual General Meeting 2009 Explore, Evaluate, Extract
Slide 2: Disclaimer
Disclaimer Main heading For personal use only 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
Slide 3: 2009 Company Highlights
2009 MainCompany heading Highlights For personal use only • Discovery, delineation and confirmation of the Emerald Project and Emerald Extensions • 59,000 ounces Au within JORC Proven and Probable Reserves • 352,900 ounces Au within JORC Measured, Indicated & Inferred Resources • Cashflow from Emera
Slide 4: Corporate Capital Structure
Corporate Main heading For personal use only Capital Structure Ordinary Shares 160,220,340 Market Cap @ $0.12 ~A$19m Cash ~ A$6m Initial Princess & Marquise Resource Debt A$0 Announcement Enterprise Value ~ A$13m Initial Emerald Resource Options 16,216,664 Announcement Emerald Maiden Emerald Reserve
Slide 5: Board and Executives
Board and Executives Main heading • • For personal use only Michael Quinert Dick van der Walt (Chairman) (Non Executive Director) 20 years as a commercial CEO of Mintails Limited lawyer and 15 years as a partner in a Melbourne law firm. Extensive experience in advising public companies on capital ra
Slide 6: Company Strategy
Company Strategy Main heading For personal use only • Organic Growth ¾ Board decision made in Oct 2008 to halt all exploration and focus on most prospective target with intention of getting into production as quickly as possible ¾ The Emerald Project was determined to be the most prospective target
Slide 7: Project Summary
Project Summary Main heading For personal use only • 15 targets identified • 8 targets received initial exploration programs • 4 targets were upgraded to various JORC Resource categories • Emerald Resource upgraded to Reserve • 59,000 ounces Au at 1.7g/t in JORC Reserve from Emerald (Appendix 1) • 3
Slide 8: West Wits Evolution Value Curve
West MainWits Evolution Value Curve heading For personal use only 8
Slide 9: Emerald Project Overview
Emerald Project Overview Main heading For personal use only 9
Slide 10: Emerald Pit Design
Emerald Pit Design Main heading Emerald Eastern Pit For personal use only (West Lancaster) Emerald Western Pit Historical Monarch Pit 10
Slide 11: Emerald Southern Extension (Historical Monarch Pit)
Emerald MainSouthern heading Extension (Historical Monarch Pit) For personal use only Monarch Pit View looking north Kimberley Reef conglomerate in the floor of Monarch Pit 11
Slide 12: West Wits 2010 Exploration Targets
West MainWits 2010 Exploration Targets heading For personal use only 12
Slide 13: Identified Targets
Identified Targets Main heading For personal use only EMPEROR TARGET 13
Slide 14: Priority Prospects
Priority Prospects Main heading Near Surface Targets Underground Targets For personal use only Emerald Project Extensions – West Rand Cons Lease King & Commander Targets – DRD & Rand Leases • Test 1km strike between current Emerald Reserve • Focused on the Main, Main Reef Leader and and historical M
Slide 15: Exploration & Resource Development Schedule
Exploration & Resource Development Schedule Main heading Initial Resource Detailed Resource Ore Scoping Submission to Project For personal use only Exploration Estimation Exploration Estimation Reserve Studies DME Execution Progression Emerald subject to Resource Q1 to Q2 2010 Resource Estimation re
Slide 16: Conclusion
Conclusion Main heading For personal use only Simple Strategy • Get Emerald Project into production to provide funding for extensive pipeline of targets • Continue to delineate “convertible ounces” • Continue to expand and develop project pipeline Excellent Potential • 20km of strike across the Witw
Slide 17: Contact
Contact Main heading For personal use only 17
Slide 18: Appendicies
Appendicies Main heading For personal use only 18
Slide 19: Emerald Reserve / Resource Table
Emerald Reserve / Resource Table Main heading Reserve Resource For personal use only Location Classification Ore Grade Gold Location Classification Au Cut‐Off Ore Grade Gold (t) (g/t) (0z) (g/t) (t) (g/t) (0z) Emerald Project Proved 397,000 1.9 24,000 Emerald Measured 1 856,000 1.55 42,500 West Lanc
Slide 20: JORC Statement
JORC Main Statement heading For personal use only 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 T
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