GBM Resources Limited · ASX:GBM
GBM Resources — Investor Presentation (July 2013)
22 slides from GBM Resources's investor presentation, Jul 23, 2013
Slide 1: Lubuk Mandi Gold Project
Lubuk Mandi Gold Project Unlocking the Potential of a Historic Gold Mine in Malaysia Peter Thompson Managing Director
Slide 2: Disclaimer
Disclaimer • This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly. • This Document is not a Prospectus nor an Offer to Subscribe for Shares. • GBM and its Directors, employees and consultants make no representations or warranty as to the accurac
Slide 3: Snapshot
Snapshot • Australian resources company • Growth driven – explorer to producer • Malaysia focused • Opportunity - Potential for early gold production • Large project area – covering 221 hectares • Outstanding new gold discoveries • Provides development funding options • Local industry experienced ma
Slide 4: Growth Strategy
Growth Strategy • Actively building a Gold Focused portfolio: • Geographic focus on Malaysia • GBM have a 40% Pre IPO interest • Equity position with significant upside • Potential for early gold production • Malaysian market - strong appetite for gold in local area • Established mining culture with
Slide 5: Malaysia – a rich mining country
Project Location • Lubuk Mandi Malaysia – a rich mining country
Slide 6: Why Malaysia?
Why Malaysia? • Established mining culture • Existing Infrastructure in place • Low cost: • Hydro power • Skilled labour force • Materials • Exploration • Production cash costs amongst lowest in the world • Close to Asian markets
Slide 7: Malaysia’s Historic Gold Belts
Malaysia’s Historic Gold Belts South China Sea • 4 recognised gold belts Sungai Pelong • Very long history of gold Selinsing Lubuk Mandi production .3M oz • At least 28 significant gold Penjom deposits 1.1M oz Selinsing • Larger deposits include: 239K oz Penjom 1.1M ozs Raub Raub • Lubuk Mandi: A ne
Slide 8: History of Lubuk Mandi Gold Mine
History of Lubuk Mandi Gold Mine • Gold discovered at Lubuk Mandi in 1989 • A modern day gold rush followed Slucing at Lubuk Mandi • Mining by modern methods commenced in 1992 • Over 100,000 oz of gold produced since 1999 Porous alluvial gold grains with well rounded edges & corners (<5mm)
Slide 9: Lubuk Mandi Gold Mine
Lubuk Mandi Gold Mine • Tenements covers 221 hectares with gold production record • Close to existing infrastructure and regional centre of Terennganu • Established mining site including 3 exploration targets comprises of: – Tailings Dam – Main Zone – East Zone • Existing CIP processing plant requir
Slide 10: 3 Priority Exploration Targets
3 Priority Exploration Targets • Tailing Dam – between 1 Mt at 0.7 g/t Au containing 23,000 oz Au and 1.4Mt at 0.9 g/t Au containing 38,000 oz Au • Main Zone – between 370,000 tonnes averaging 2.9 g/t Au containing 35,000 oz Au and 1,100,000 tonnes averaging 3.6 g/t Au containing 127,000 oz Au • Eas
Slide 11: Processing Plant
Processing Plant • Commissioned and built by PERMINT for $21 million, designed by Australian consultants • Total estimated historic production 1.4Mt averaging 3.0 g/t Au • Pit Volume 1.8M m3 • Plant operational with minimal refurbishment
Slide 12: Model of CIP Processing Plant
• Lubuk Mandi Model of CIP Processing Plant
Slide 13: Drilling & Resource Estimation, Metallurgical Testing & Production Opportunities
Production Opportunites Main Zone Pit Utara Extension Waste Dump 1 Existing Pits Waste Dump 2 Pit Utama Eastern Shear Zone Plant Site Tailings Dam • Drilling & Resource Tailings Dam Estimation • Metallurgical Testing & Design
Slide 14: Tailings Dam
Tailings Dam • Resource target from : 1Mt @ 0.7 g/t Au, 23,000 ozs Au to 1.4Mt @ 0.9 g/t Au, 38,000 ozs Au • Early gold production opportunity • Preliminary test-work due to commence immediately Near term production opportunity
Slide 15: Tailings Retreatment
Tailings Retreatment • Design Concept for Plant
Slide 16: Development Budget
Development Budget Hardrock Evaluation 8% $2.2M 50% 34% Tailings Evaluation $0.5M 8% Construction & commissioning $3.3M Total SDG 6.0M Project Management Drilling Analyses Metallurgical Sampling & Plant Design Plant Construction & Commissioning
Slide 17: Unlock the Potential… SGX Listing
Unlock the Potential… SGX Listing Lubuk Mandi Gold Project Current Pre-IPO: up to SGD8.0 million capital raising IPO Phase re- Achieve JORC commission plant Resource target of 400,000 oz Au Capital to be raised Processing of from IPO on SGX gold from Tailings Dam Planned IPO in 12-18 months
Slide 18: Near-Term Value Drivers
Near-Term Value Drivers August 2013 Start testing and initiate exploration programs to establish JORC Resources October 2013 Commencement of final design and stage 3 metallurgical test work November 2013 Approval of tailings Project Construction & development January 2014 Completion of JORC Resource
Slide 19: Transaction Value Summary for GBM
Transaction Value Summary for GBM • 40% interest Malaysia Gold Project Exploration Target > 400,000 ounces • Early production opportunity with the retreatment of the Tailings Dam = reduced risk + development self funding • Significant economical advantage with CIP plant on Site with established mine
Slide 20: Corporate Information
Corporate Information Directors Peter Thompson - Managing Director / Executive Chairman Neil Norris - Exploration Director – Executive Cameron Switzer - Non-Executive Director Guan Huat (Sunny) Loh - Non-Executive Director Principal & Registered Office Suite 8, 7 The Esplanade Mt Pleasant WA 6153 Em
Slide 21: Thank you
Thank you www.gbmr.com.au
Slide 22: Explanation Note – Exploration Targets
Explanation Note – Exploration Targets Although several resource estimates have been quoted in previous reports by other companies, it not possible to validate any of these to meet JORC requirements as no primary data from drilling is available, nor has the drillcore or other sample material been lo