Asara Resources Limited · ASX:AS1
Asara Resources — Investor Presentation (December 2022)
23 slides from Asara Resources's investor presentation, Dec 9, 2022
Slide 1: Advancing a Major Oxide Gold Project in Guinea's Prolific Siguiri Basin
Advancing a Major Oxide Gold Project in Guinea’s Investor Presentation Prolific Siguiri Basin ASX:GMR December 2022
Slide 2: Disclaimer / Forward-looking Statements Competent Person Statement
ASX:GMR Disclaimer / Forward-looking Statements Competent Person Statement This presentation has been prepared by Golden Rim Resources Limited (ABN 39 006 710 774) (“Golden Rim”) The information in this report relating to previous exploration results and Mineral Resources are extracted from the anno
Slide 3: Kada Gold Project Flagship Project West Africa
Guinea Kada Gold Project Flagship Project West Africa 3
Slide 4: Exciting Flagship Kada Oxide Gold Project in Guinea
ASX:GMR Key Highlights Exciting Flagship Kada Oxide Gold Project in Guinea Maiden Inferred Mineral Resource: 25.5Mt at 1.1g/t gold for 930Koz1 72% of Mineral Resource Estimate Area (MRE) (670Koz) is shallow, soft, higher-grade oxide-transitional material Free-milling with high gold recoveries;
Slide 5: Welcome To West Africa's New Gold Rush
Operating in Guinea Welcome To West Africa’s New Gold Rush Population: 13.5 million Area: 245,857km2 Low security risk Mining is 26% of GDP & 95% of export earnings ~18% of West African gold production at present Siguiri Basin is a prolific gold region yet remains under- explored World
Slide 6: Strategically Located in the Heart of the Siguiri Basin
ASX:GMR KADA GOLD PROJECT, GUINEA | 51% earning 75% Strategically Located in the Heart of the Siguiri Basin Located 35km along strike from AngloGold Ashanti’s +10Moz1 Siguiri Mine (12Mtpa) Ex-Newmont project (2007-2012); 39km of drilling Mineralisation similar to gold mineralisation at the Sig
Slide 7: Maiden Mineral Resource
ASX:GMR KADA GOLD PROJECT, GUINEA Maiden Mineral Resource Inferred Mineral Resource Estimate: 25.5Mt at 1.1g/t gold for 930Koz contained gold1 Majority (72%) shallow oxide-transitional gold (670Koz @1.2g/t gold) Multiple, thick, parallel gold zones extending from surface within 500 – 600m wide
Slide 8: Focus on Thick Oxide-Transitional Mineralisation
ASX:GMR KADA GOLD PROJECT, GUINEA Focus on Thick Oxide-Transitional Mineralisation Oxide/transitional (saprolite) zones to base of oxidation (~100m below surface) Gold grades higher, mineralised zones are thicker (typically 10-40m wide) in oxide/saprolite Supergene enrichment and gold dispersi
Slide 9: Immediate Oxide Gold Upside (Massan Prospect)
ASX:GMR KADA GOLD PROJECT, GUINEA Immediate Oxide Gold Upside (Massan Prospect) North, south, east and west of the Mineral Resource area Oxide intersections of 66m @ 1.0g/t gold in KRC072 & 45m @ 0.7g/t gold in KRC117, up to 400m north of the MRE Intersection of 43m @ 1.2g/t gold, including 9m
Slide 10: Major Gold Corridor Offers Exceptional Regional Oxide Upside
ASX:GMR KADA GOLD PROJECT, GUINEA Major Gold Corridor Offers Exceptional Regional Oxide Upside Significant potential for additional oxide gold mineralisation outside the Mineral Resource area 46,078m (4,234 holes) auger drilling completed to test beneath the laterite 15km+ long, north-south be
Slide 11: Bereko Prospect
ASX:GMR KADA GOLD PROJECT, GUINEA Bereko Prospect 7km north of the Mineral Resource area Strong bedrock gold anomalies with combined strike length >5.5km Gold-bearing stockwork veins exposed in bedrock Rockchip samples up to 171.3g/t gold Oxide gold intersections first pass drilling includ
Slide 12: Attractive Attributes for Mining
ASX:GMR KADA GOLD PROJECT, GUINEA Attractive Attributes for Mining Shallow, broad, oxide-transitional mineralisation suitable for open pit mining (low stripping) Soft material, potentially free-digging (low-cost mining) Positive scoping-level metallurgical testwork: - Free-milling with high-go
Slide 13: Kouri Gold Project: 2 Million Oz Gold
KOURI GOLD PROJECT, BURKINA FASO | 100% Owned ASX:GMR 2 Million Oz Gold Area of 242km2 (highly prospective Samira Hill Shear Zone) 77km drilling (reverse circulation and diamond) Indicated and Inferred Mineral Resource (Oct 2020): - 50 million tonnes at 1.3g/t for 2Moz gold1 - 0.5g/t cut-off,
Slide 14: Near-term Mine Development Opportunity
PAGUANTA SILVER-ZINC-LEAD & COPPER PROJECT ASX:GMR CHILE | 73% Owned Near-term Mine Development Opportunity Historical silver mine Epithermal silver-zinc-lead and porphyry copper mineralisation 46,700m drilling (diamond, reverse circulation) Bulk of feasibility study completed by Golder Me
Slide 15: Recent Partnership with Teck
LORETO COPPER PROJECT CHILE | 100% Owned ASX:GMR Recent Partnership with Teck World-class porphyry copper address Untested 2.3km x 1km alteration centre Potential to host a deeper copper porphyry Teck can earn 75% by paying Golden Rim US$0.6 million cash & spending US$17 million on explorati
Slide 16: Empowering Locals Through Economic Development
ASX:GMR ESG & Community Initiatives Empowering Locals Through Economic Development Committed to Local Economic Development Locals are stakeholders - we exclusively employ local staff, engage local services, and buy or hire local products Improving Community Infrastructure We invest in repairing road
Slide 17: Mineral Resource Growth/Upgrade & Scoping Study
ASX:GMR Path Forward Mineral Resource Growth/Upgrade & Scoping Study KADA MINERAL RESOURCE EXPANSION Follow-up/resource RC/DD drilling north of MRE at Massan & Bereko to follow-up initial significant oxide Kada ~ DD/RC Drilling (Massan & Bereko)) gold drill hits Initial focus around higher-grade
Slide 18: Corporate & Management Overview
ASX:GMR Corporate & Management Overview Capital Structure Major Shareholders 26.0% Top 20 56.2% A$10.7M A$9.3M A$1.4M Market Cap at A$0.034/Share Enterprise Value Cash Balance (Sep 2022) Capital DI 11.3% Nil 64M Jetosea 8.2% 314M Directors & Management 6.5% Debt Shares on Issue Unlisted Options Tech
Slide 19: Investment Highlights
ASX:GMR Investment Highlights VALUABLE FLAGSHIP GOLD PROJECT AT KADA Maiden Mineral Resource of 0.9Moz1, predominantly oxide; excellent metallurgical & mining attributes Strategically located in the centre of the prolific Siguiri Basin GROWTH UPSIDE Most of Kada is unexplored, Bereko offers ex
Slide 20: Join our shareholder community
ASX:GMR Join our shareholder ASX:GMR community @goldenrimres TIM STRONG CEO Golden Rim Resources | ASX : GMR goldenrim.com.au +61 3 8677 0829 info@goldenrim.com.au Level 23 Collins Square Tower Five, 727 Collins Street, MELBOURNE VIC 3008 AUSTRALIA ABN: 39 006 710 774 This presentation was authorise
Slide 21: Appendix 1: Kada Mineral Resource
ASX:GMR Appendix 1: Kada Mineral Resource Measured Indicated Inferred Total Material Tonnes Gold Tonnes Gold Tonnes Gold Tonnes Gold Gold Type Mt g/t Mt g/t Mt g/t Mt g/t Ounces Oxide - - - - 12.1 1.2 12.1 1.2 480,000 Transitional - - - - 5.6 1.1 5.6 1.1 190,000 Fresh - - - - 8.0 1.1 8.0 1.1 260,000
Slide 22: Appendix 2: Kouri Mineral Resource
ASX:GMR Appendix 2: Kouri Mineral Resource Measured Indicated Inferred Total Material Tonnes Gold Tonnes Gold Tonnes Gold Tonnes Gold Gold Type Mt g/t Mt g/t Mt g/t Mt g/t Ounces Oxide - - 0.5 1.4 2.7 1.3 3.2 1.3 130,000 Transitional - - 0.6 1.2 2.7 1.3 3.4 1.3 140,000 Fresh - - 5.9 1.4 38 1.2 43 1.
Slide 23: Appendix 3: Paguanta Mineral Resource
ASX:GMR Appendix 3: Paguanta Mineral Resource Resource Tonnes Zn (%) Pb (%) Ag (g/t) Au (g/t) Zn Eq (%) Ag Eq (g/t) Category Measured (M) 490,000 5.5 1.8 88 0.3 Indicated (I) 610,000 5.1 1.8 120 0.3 M+I 1,100,000 5.3 1.8 100 0.3 Inferred 1,300,000 4.8 1.1 75 0.3 TOTAL 2,400,000 5.0 1.4 88 0.3 9.7 23
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