Eastern Goldfields, Inc. · OTC:EGDD
Eastern Goldfields — Diggers & Dealers 2017
32 slides from Eastern Goldfields's conference presentation, August 2017
Slide 1: Australia's newest gold producer – Diggers & Dealers
Australia’s newest gold producer Diggers & Dealers August 2017
Slide 2: Disclaimer – Competent Persons Statement
Disclaimer Competent Persons Statement • The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Michael Thomson, an employee of Eastern Goldfields Limited, who is a Member of the Australian Institute of Mining and Metallurgy.
Slide 3: Corporate Overview – Capital Structure
Corporate Overview Capital Structure (ASX:EGS) (as at 8 Aug 2017) Share Price Issued Capital 560.4 m Options On Issue1 58 m Share Price $0.29 Market Capitalisation $162 m Debt $15 m Enterprise Value (A$m) ~$177 m 1 20,300,000 Unlisted Options exercisable at $0.168 each on or before 8 March 2018; 9,7
Slide 4: Eastern Goldfields – a snapshot
Eastern Goldfields – a snapshot • Experienced, talented management team – Strong technical expertise – Operational focus – Strong geological understanding of region • Board expansion (diversity), CEO search underway • 150 in workforce (employees and contractors) • Perth, FIFO and DIDO workforce from
Slide 5: A long-term future
A long-term future • Current Resource Base 1.8m ounces • Community development program initiated – Increase local content : foster collaborative relationships – Experienced and well known CRO appointed – Increase local employment – Address regional issues – employment, health, Indigenous – Increase
Slide 6: Project Overview
Project Overview • Highly prospective region, long mining history • Aggregation of 6 former standalone projects – across two key hubs – Davyhurst and Mt Ida • 200 strike kms of prospective greenstone belt • 1,728 km2 containing multiple mining centres • Each project area hosts multiple OP and UG tar
Slide 7: Strategy to execution
Strategy to execution Activity Status • Assay historically stockpiled ore and waste dumps Complete • Refurbishment of Davyhurst plant Complete ESTABLISH • Commence mining operations Complete • Commissioning and first gold production Complete production base at Davyhurst • Steady state operations at
Slide 8: Infrastructure – Davyhurst Mill
Infrastructure – Davyhurst Mill • Refurbishment 1.2 Mtpa Davyhurst Plant complete • New gravity circuit including two Knelson Concentrators and an Acacia reactor • New secondary and tertiary cone crushers • New tailings thickener • Refurbishment of grinding, pre-leach, CIP adsorption, elution circui
Slide 9: Davyhurst Hub and Major Mining Centres
Davyhurst Hub and Major Mining Centres 9
Slide 10: Davyhurst Hub – Production Potential
Davyhurst Hub – Production Potential • Currently ramping up to 80,000 ounces p.a. • Targeting step change to +100,000 ounces p.a. by December 2017 • Based on 800,000 tpa throughput – potential to lift to +1.2 Mtpa • Strong potential to lift gold production • Increase throughput - incremental oxide l
Slide 11: Davyhurst Hub – Development Plan
Davyhurst Hub – Development Plan Indicative Project Development Plan – by deposit + est. capex Mill Feed Source FY17 FY18 FY19 FY20 FY21 Sand King – OP Missouri – OP Lights of Israel – UG Golden Eagle – UG Riverina/Mulline – OP Callion – OP Waihi – OP Callion – UG Waihi – UG Sand King – UG Riverina
Slide 12: Mt Ida Hub – overview
Mt Ida Hub – overview • High grade, low tonnage (e.g. Andy Well, Paulsens) – 320,000t @ 13.8 g/t for 140,000 oz • Historic production: 547,000 t @ 17.2 g/t Au for 302,000oz • Drilling to recommence August 2017 • Exploration focus now shifts to building high quality mineral resource base • Potential
Slide 13: Exploration on Large Regional Footprint
Exploration on Large Regional Footprint • Objectives – generate new discoveries & develop/expand existing resources • Systematic exploration program • Historically fractured tenure led to a disjointed approach • Method – generate regionally consistent datasets: • Detailed geological outcrop mapping
Slide 14: Invest in an exciting future
Invest in an exciting future Significant growth expected in 2018 Producing asset with cash flow and solid project economics Two mining hubs with 6 satellite UG & OP mining centres - strong project development plan Regional consolidation of tenements equal organic growth opportunities Current share p
Slide 15: Mineral Resources Table
Mineral Resources Table MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) GOLDEN EAGLE 0 0.0 345 2.5 311 2.6 656 2.5 54 LIGHTS OF ISRAEL UNDERGROUND 0 0.0 74 4.3 180 4.2 254 4.2 35 MAKAI SHOOT 0 0.0 1,985 2.0 153 1.7 2,13
Slide 16: Overview of Project Areas
Overview of Project Areas ASX: EGS www.easterngoldfields.com.au Eastern fields
Slide 17: Davyhurst Mining Centre
Davyhurst Mining Centre Eastern re Goldfields Limited WAIHI COMPLEX \ 17 > 4 TSN \ Eastern Goldfields tenement holdings DAVYHURST Lode Systems Q Near term production source © Medium term production source © Other deposits/prospects Geology [_JSediments [__]Felsic [J Matic intrusive [1] ultramafic [J
Slide 18: Lights Of Israel (LOI) Complex – 3D View
Lights Of Israel (LOI) Complex – 3D View Note: The potential quantity and grade of the Exploration Targets are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Slide 19: LOI Complex Exploration Targets - Additional Information
LOI Complex Exploration Targets - Additional Information The Exploration Targets are based upon a comprehensive geological and mineralisation review conducted by Eastern Goldfields Limited. This modelling utilised a combination of exploration drilling data, underground sampling along with detailed g
Slide 20: Waihi Complex Long Section
Waihi Complex Long Section 20
Slide 21: Siberia Mining Centre
Siberia Mining Centre Eastern ani Goldfields Limited 2 SIBERIA Lode Systems © Near term production source © Other deposits/prospects Geology (sediments [_] Felsic [J mafic intrusive [El ultramatic i Mafic extrusive [—] Granite Approximate past production 1.4 Mt @ 3.9 git for 174 Koz 300 000 mE 5km.
Slide 22: Siberia Complex – 3D View
Siberia Complex – 3D View ASX Announcement 23 November 2016 22
Slide 23: Riverina & Mulline Mining Centres
Riverina & Mulline Mining Centres 23
Slide 24: Riverina Long Section
24 Eastern Riverina Long Section nai Goldfields Limited South North © Oo ‘i e < co Historical Homestead Open/ nS Exclusion Zone Caer ieaian Open/ Do ae 8 were Au g/t M >= 10.0 M5.0to 10.0 M3.0to5.0 M2.0to3.0 M08to2.0
Slide 25: Callion Mining Centre
Eastern wu Goldfields Limited : 670.000 mN— Callion Mining Centre CALLION i Lode Systems Eastern Goldfields tenement bate i} Near term production source © Other deposits/prospects Geology [sediments [__]Felsic [| Matic intrusive [9 ultramafic [9 Matic extrusive [—] Granite Approximate past productio
Slide 26: Callion Long Section – Grade Contours
Callion Long Section – Grade Contours Note: The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Dril
Slide 27: Callion Exploration Target – Additional Information
Callion Exploration Target – Additional Information Basis for the Callion Exploration Target: The Exploration Targets were calculated using historic data that was collated by Eastern Goldfields Limited. The data consisted principally of channel sample assays and ore thicknesses and RC and diamond dr
Slide 28: Walhalla Mining Centre
Walhalla Mining Centre Eastern wu Goldfields Limited 28 WALHALLA Lode Systems Near term production source © Other deposits/prospects Geology (Sediments [_]Felsic [_] mafic intrusive [i] Ultramatic (9) Matic extrusive [7] Granite Approximate past production | | 0.5 Mt @ 1.8 g/t for 26 Koz VLSSLS RSS
Slide 29: Walhalla Long Section
Eastern Walhalla Long Section nai Goldfields Limited ag ‘ Mineralised trend: 3 South oS Au g/t M >= 20.0 10.0 to 20.0 M5.0t010.0 M25to5.0 %1.0t02.5 M<1.0 29
Slide 30: Lady Ida Mining Centre
Lady Ida Mining Centre Eastern Goldfields Limited 30 LADY IDA Lode Systems QO Near term production source O Other deposits/prospects Geology (Jsediments — [_] Felsic {_|Mafic intrusive [5] ultramafic (0 Mafic extrusive [_] Granite Approximate past production 0.8 Mt @ 2.8 g/t for 70 Koz 10 km 10 km ‘
Slide 31: Mt Ida Mine Mining Centre and Bombay Prospect
Mt Ida Mine Mining Centre and Bombay Prospect • 7 kilometres north-west of the Mt Ida Mine • Drilling confirmed Mt Ida Mine style mineralisation at the Bombay • Results highlight the potential to delineate further high grade mineralisation • 4.0 m @ 4.95 g/t Au from 6.7 m; including 1.0 m @ 12.58 g/
Slide 32: Michael Fotios, Executive Chairman
Michael Fotios Executive Chairman Eastern Goldfields Limited Ph: +61 8 6241 1866