Westgold Resources Ltd · ASX:WGX
Westgold Resources — Mining the Territory Conference 2008
25 slides from Westgold Resources's conference presentation, Oct 15, 2008
Slide 1: ASX cover letter: Mining the Territory presentation
15 October 2008 Australian Securities Exchange Limited Company Announcements Office Level 4, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam RE: MINING THE TERRITORY - PRESENTATION Please find attached a presentation to be made by Mr Andrew Beckwith, Managing Director, today at the Mining the Territ
Slide 2: The Rover Project, NT - Mining the Territory
THE ROVER PROJECT, NT MINING THE TERRITORY Darwin NT Oct 2008 Andy Beckwith Managing Director
Slide 3: Disclaimer
This presentation has been This overview of Westgold prepared by Westgold does not purport to be all Resources Limited inclusive or to contain all (“Westgold” or the information which its “Company”). It should not recipients may require in order be considered as an offer or to make an informed invit
Slide 4: Discussion
• Company Structure • Corporate Strategy • Rover 1 Discovery • Explorer 108 • Regional Targets • Summary Devils Marbles, 50kms east of Rover Project Discussion
Slide 5: Company Structure
Westgold Resources Westgold Resources Limited Limited (ASX:WGR) (ASX:WGR) Capital Capital Directors Directors Shareholders Shareholders Investments Investments Shares 142.4M Chairman Major Aragon Michael Atkins Metals X 28.9% Resources (ASX:AAG) Options 4.65M MD 37% Shareholding Top 20 67.5% Andy Be
Slide 6: Strategy – Focus on Rover Project, NT
Rover $ Mines Rover 1 Cash Flow development Explorer 108 Resources Pb-Zn-Ag Rover 1 Grade is King resource Rover 1 Au-Cu Advanced Prospects Explorer 142 Cu-Au Multi-Commodity Exploration Upside >20 untested new targets Cu-Au-Co-Bi-(Ag)-Fe Pb-Zn-Ag-Cu-Au Strategy – Focus on Rover Project, NT
Slide 7: Strategic Landholding
Rover has identical rocks & mineralisation style as Tennant Creek Tennant Creek Mineral Field Rover Field (undercover) ~1,110km² granted >12,000km² applications Excellent Infrastructure – rail, gas, highway within 70km Strategic Landholding
Slide 8: Why do we like Tennant Creek orebodies?
Why do we like Tennant Creek orebodies? Nobles Nob Mine 1.1Moz at 17g/t Au Producers Total >5.0Moz Warrego 1.6Moz at 7g/t Example of Dimensions 200m long x 100m high x 25m thick including 1.0Moz at 16g/t Nobles Nob 1.1Moz at 17g/t Juno 0.8Moz at 56g/t White Devil 0.8Moz at 15g/t AVERAGE ~1.0Moz at 1
Slide 9: Strong Support, Respect and Trust
Strong Support Respect and Trust Rover Project 100% Aboriginal Freehold Lands Access agreements in place
Slide 10: Rover 1 Major High Grade Gold Discovery
Rover 1 Major High Grade Gold Discovery
Slide 11: Rover 1 Section 359500E
topography Rover 1 Project Section 359500mE ‐ Gold 200m RL unconformity Drill hole WGR1D002 65.75m @ 17.7g/t AuEqv Magnetic “DISCOVERY HOLE” Model GOLD Drill hole WGR1D002-01 OPEN 49m / 16.6g/t 66m @ 10.7g/t AuEqv 80Vm AuEqv -200m RL WGR1D002-2 66m / 10.7g/t AuEqv 65.75m / 17.7g/t Drill hole WGR1D00
Slide 12: Rover 1 Section 359520E
topography Rover 1 Project Section 359520mE ‐ Gold 200m RL unconformity Drill hole WGR1D002-05 28m @ 16.2 g/t Au Eqv Magnetic Model GOLD 12m @ 3.6 g/t Au Eqv 28m / 16.2g/t 21m @ 40.9 g/t Au Eqv AuEqv -200m RL WGR1D002-5 12m / 3.6g/t AuEqv 21m / 40.9g/t AuEqv NORTH Ironstone 100m EAST Rover 1 Section
Slide 13: Rover 1 Section 359540E
topography Rover 1 Project Section 359540mE 200m RL unconformity Drill hole WGR1D003 Interpreted post mineralisation 32m @ 22.9g/t AuEqv displacing fault Results pending Drill hole WGR1D003 6m / 42.8g/t WGR1D004 6m @ 42.8g/t AuEqv AuEqv -200m RL WGR1D005 WGR1D003-1 WGR1D003 Magnetic 32m / 22.9g/t Mo
Slide 14: Rover 1 Long Section: Footwall High Grade Au Zone
Ground Surface 359000mE 359200mE 359400mE 359600mE 359800mE 359400mE +200mRL Unconformity Legend 6m @ 42.8g/t AuEqv High Grade 49m @ 16.6g/t AuEqv 000mRL Au intersection Hole completed (assays pending) Au Au Hole completed 65.75m @ 17.7g/t AuEqv 32m @ 22.9g/t AuEqv Low/Nil Au Proposed Hole Au -200mR
Slide 15: Rover 1 Long Section: Copper Mineralisation
Ground Surface 359000mE 359200mE 359400mE 359600mE 359800mE 359400mE +200mRL Unconformity Legend 100m @ 0.83% Cu High Grade 45m @ 0.99% Cu 000mRL Au intersection Hole completed Cu Cu (8m @ 2.1%) (assays pending) 24m @ 0.47% Cu Hole completed 91m @ 0.45% Cu Low/Nil Au 15m @ 0.58% Cu Cu -200mRL Propos
Slide 16: Rover 1 Long Section: Warrego Comparison
Ground Surface WARREGO 359000mE 359200mE 359400mE 359600mE 359800mE 359400mE Cu OREBODY DIMENSIONS +200mRL Superimposed Cu Unconformity on ROVER 1 Legend Drilling Results High Grade To date Cu 000mRL Au intersection Hole completed (assays pending) Hole completed Cu Low/Nil Au Au -200mRL Proposed Hol
Slide 17: Explorer 108 Maiden Resource Pb-Zn-Ag-(Cu-Au)
EXPLORER 108 “Maiden Resource” Pb-Zn-Ag-(Cu-Au) Large system Open most Directions High grade basal contact New Mineralisation Style for Region
Slide 18: Rover Field: Significant Pb-Zn-Ag Discovery
Rover Field Magnetic Image draped on Gravity Amplitude Explorer 142 Explorer 108 Looking NW Pb- Pb-Zn- Zn-Ag Rover 1 UP NORTH North 10km EAST Significant Pb-Zn-Ag Discovery
Slide 19: Maiden Resource: Total Inferred Resource Estimate
Total Inferred Resource Estimate 8.7Mt @ 5.7% (Zn+Pb), 20g/t Ag Estimated at 2.5% Pb+Zn lower cut-off Contained metal Zinc 320,000 tonnes Lead 171,000 tonnes Silver 5.6 Moz Higher Grade Core 4.0Mt @ 8.2% (Zn+Pb), 25g/t Ag Estimated at 5.0% Pb+Zn lower cut-off Contained metal Zinc 213,600 tonnes Lead
Slide 20: Explorer 108 - Domains
Explorer 108 ‐ Domains Basal High Grade Domain Robust higher grade 3.07Mt @ 8.3% Pb+Zn (2.5% cutoff) Precollars only, 2.82Mt @ 8.6% Pb+Zn (5.0% cutoff) mineralisation remains open High Grade Domains Dolomite Zone 6 0.46Mt @ 6.8% Pb+Zn (2.5% cutoff) 0.29Mt @ 8.8% Pb+Zn (5.0% cutoff) Paris Shear High
Slide 21: Explorer 108: High Grade Basal Zone
Explorer 108 •Major regional fold hinge All values Zn+Pb% •Sub‐vertical feeder structures •High grade Dolomite ‐ Volcanic contact •Best mineralisation on eastern limb ¾46m at 11.1% Zn + Pb + 53g/t Ag •Mineralisation open 57m/4.5% including 6m/11%, •Metallurgical testing underway 7m/8.5% 81m/3.2% inc
Slide 22: Rover Field: Numerous Untested Targets
Rover Field Magnetic Image draped Explorer 108 on Gravity Amplitude Explorer 142 Rover 1 UP NORTH North 10km EAST Numerous Untested Targets
Slide 23: Competent Persons Statement
White Devil Mine (0.8Moz at 15g/t) The information in this report that relates to Exploration, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Beckwith (B.AppSc.) who is a full time employee of Westgold Resources Limited, is a member of the AusIMM. Mr Beckwith has suf
Slide 24: The Rover Project, NT: A New Mineral Field in the Making
THE ROVER PROJECT, NT A NEW MINERAL FIELD IN THE MAKING Rover 1 – One of Australia’s best high-grade poly-metallic discoveries of recent times 65m @ 11.0g/t Au, 0.75% Cu (17.7g/tAu Eqv) 66m @ 4.3g/t Au, 0.56% Cu (10.7g/t Au Eqv) 49m @ 5.8g/t Au, 1.05% Cu (16.6g/t Au Eqv) 28m @ 11.7g/t Au, 0.62% Cu (
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