Gwr Group Limited · ASX:GWR
Gwr — Golden West Resources — Investor Presentation (November 2007)
21 slides from Gwr's investor presentation, November 2007
Slide 1: Wiluna West Project
Golden West Resources Limited ABN 54 102 622 051 Wiluna West Project November 2007
Slide 2: Corporate Summary
Corporate Summary Share Price / Volume Charts Key Statistics 52 Week High $3.35 Ordinary Shares on Issue: 77.6m 52 Week Low $1.50 Options on Issue: 37.6m Full Diluted Shares on Issue: 115.2m 3.50 800,000 Price as at 29/11/07: $2.12 3.00 700,000 Undiluted Market Cap: $164.5m 600,000 Cash as at 30/9/0
Slide 3: Wiluna West Project Overview
Wiluna West Project Overview • Located 40km west of Wiluna in Western Australia • Covers an area of 440km2 over a strike length of 45km, representing almost the entire Joyners Find Greenstone Belt • Hosts defined gold and iron ore resources • 86.3Mt at 60.1% Fe • 788,000t at 3.5g/t for 87,000oz Gold
Slide 4: Iron Ore Exploration
Iron Ore Exploration • 5 potential iron mineralised ridges identified, named Units A, B, C, D and E • Mineralisation in the northern half of the project generally outcropping or near surface, while southern half is generally soil covered • Exploration to date has concentrated on the northern, more e
Slide 5: Units A to E
Units A to E Tenement diagram showing • the 5 potential iron mineralised ridges • Deposit identified on the B and C ridges
Slide 6: Units A to E
Units A to E Aeromagnetic survey showing • the 5 potential iron mineralised ridges • Deposit identified on the B and C ridges
Slide 7: Interim Inferred Mineral Resource
Interim Inferred Mineral Resource Tonnes Fe SiO2 Al2O3 P LOI Deposit Unit Type (Mt) (%) (%) (%) (%) (%) Bowerbird B Block 9.5 59.8 7.7 3.5 0.06 2.7 Bowerbird North B Sectional 2.0 61.5 5.3 3.2 0.04 2.1 Joyners Find B Block 7.8 64.6 3.1 1.9 0.02 2.0 Joyners North B Sectional 3.6 63.1 4.8 2.5 0.03 2.1
Slide 8: CR Deposit – 7 051 800 N
CR Deposit — 7 051 800 N cM) GoldenWest RESOURCES LIMITED T T T T T T 792800 mE 792850 mE 792900 mE 792950 mE 793000 mE 793050 mE Zz 4 p | 550 mRL ee "Ze, e ze % = Os Oo a. an Mi 3 e ic 25 iil a * —* A ° q a ’ + 500 mRL \ 5 7 = \ , a! Ke wee \ 10m @ 39.5% Fe “X/ oy —~—_ \ x \ y (S/ _13m @ 63.4% Fe —
Slide 9: C5 Deposit – 7 047 300 N
C5 Deposit — 7 047 300 N CW) GoldenWest RESOURCES LIMITED T T T T T T 792500 mE 792550 mE 792600 mE 792650 mE 792700 mE 792750 mE L- 650 mRL | | 6m @ 60% Fe 27m @ 61.3% Fe t- 600 mRL MB] High Grade Iron Ore ia Iron Formation [- 550m RL \ me | Mafic 0 10 20 40m \ pf Ultramafic
Slide 10: C4 Deposit – 7 045 800 N
C4 Deposit — 7 045 800 N Gi) GoldenWest RESOURCES LIMITED T 792550 mE T T T T T 792300 mE 792350 mE 792490 mE 792450 mE 792500 mE +- 600 mRL = zs 7m @ 56% Fe 4 4 4 4 = 4 ca r-»X Fe % % %, 2 % — = = % Za @ Kad RB © a) al QO % 7, Kal i ok % >» &@ 6 &@ 3 S$ &© B&B % — aS -e oy ——_ ot ————— L 550 meL 37
Slide 11: C4 Deposit – 7 045 650 N
Gi) GoldenWest RESOURCES LIMITED C4 Deposit — 7 045 650 N apie 702300 mE 7023 bo mE 702400 mE 702450 mE 702500 me 702250 me —- 600 mRL 4 & S % ; B, By Bs %, = S > Z sso m= < Ss oe it = — " r a Tien 4 ——— ~~ % a \ \\ de , 26m @ 54.4% Fe 4m @ 57.9% Fe Q " = a/ 50m @ 60.9% Fe \ 4m @ 56.2% Fe ae 137m @
Slide 12: C3 Deposit – 7 040 400 N
Gi) GoldenWest RESOURCES LIMITED | | } a C3 Deposit — 7 040 400 N T T T T T T 792200 mE 792250 mE 792300 mE 792350 mE 792400 mE 792450 mE |_ 650 mRL S é, % co %B Ry 2 = 7 2 > / — fo a \—n 4 7m @ 53.5% Fe ~\- = } | | +- 600 mRL SS (a) O/ - [a 17m @ 63.2% Fe 12m @ 63.4% Fe | i py ily | | 8m @ 53% Fe j
Slide 13: C3 Deposit – 7 039 900 N
GoldenWest RESOURCES LIMITED C3 Deposit — 7 039 900 N T 792600 mE T 792550 mE T 792500 mE L_sommRL [- 450m RL | / \ l | | A | la +8) : 43m @ 63.6% Fe i = eerie ! > | . ; | / j [3] High Grade Iron Ore | | | iy Iron Formation 0 10 20 40m | | = Mafi — i / afic i i H
Slide 14: C2 Deposit – 7 035 200 N
Gi) GoldenWest RESOURCES LIMITED C2 Deposit — 7 035 200 N T T T 792650 mE 792700 mE 792750 mE T 792600 mE T 792550 mE 16m ¢ 29m @ 60.4% Fe £5 9% i | | | __| Laterite | | MH] High Grade Iron Ore __| Iron Formation / | ! | By] Mafic __| Ultramafic I Tim @ 53. ‘3% Fe | { 40m ‘ Oo 1¢ a i
Slide 15: C1 Deposit – 7 032 400 N
Gi) GoldenWest RESOURCES LIMITED — T T T | 650 mRL 792300 mE 792350 mE 792400 mE 792450 mE 792500 mE 792550 mE 4 z ioe eS oe FR L650 mat ks ; \ 3m @ 60.2% Fe q / af 4 vA 17m @ ein 9% Fe 24m @ 64.4% Fe : sk A v }— 600 mRL “ f 76m € 59. 8% =f - 6 6/ aucien in ore : Mk. / / / / 6m @ 61.6% Fe / y ended
Slide 16: High Grade Hematite
High Grade Hematite GoldenWest RESOURCES LIMITED
Slide 17: Iron Ore Development
Iron Ore Development • Commenced early stage development activities • High level project timeline developed which defines the tasks and resources necessary to achieve a 10Mtpa operation by mid 2011 • Process for converting the northern exploration licenses into mining leases underway (see left) • Co
Slide 18: Transport Alternatives
Transport Alternatives • Two possible routes are being considered: • the preferred Oakajee route (700km) - link the project to the proposed railway from Weld Range to the proposed Oakajee Port. Requires construction of approximately 250km of rail line • the Esperance route (900km) - link the project
Slide 19: Estimated Operational and Capital Costs
Estimated Operational and Capital Costs Operating, Transport and Port Costs ($/t) Onsite Capital Costs ($m) Esperance Oakajee Esperance Oakajee Pre-Strip 2.00 2.00 Pre-Production * 138 113 Mining Waste 2.00 2.00 Sustaining 45 45 Mining, Crushing and Screening 5.50 5.50 Rehabilitation 20 20 Grade Con
Slide 20: Summary
Summary • Interim resource upgrade to 86.3Mt at 60.1% Fe in the Inferred Mineral Resource category • Potential for significant further resource upgrades – exploration has only focussed on the northern more exposed sections of the project • Development activities commenced – Golden West targeting pro
Slide 21: Contact Us
Contact Us Gary Hutchinson (ASX: GWR, GWRO) Managing Director Email: gary@goldenwestresources.com Mick Wilson Exploration Manager/Director Email: mick@goldenwestresources.com Peter Thompson General Manager Operations Email: peter.thompson@goldenwestresources.com Phone: +61 8 9201 9202 Web: www.golde
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