Conroy Gold & Natural Resources Plc · LSE:CGNR
Conroy Gold & Natural Resources — Shareholder Meeting (2017)
24 slides from Conroy Gold & Natural Resources's shareholder meeting presentation, 2017
Slide 1: www.conroygold.com
www.conroygold.com
Slide 2: Disclaimer
DISCLAIMER The content of information contained in this Presentation has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”) or an authorised investment business firm within the meaning of the Irish Investment Intermediaries Act 1995 (
Slide 3: Introduction
INTRODUCTION Conroy Gold is an Irish company focused on gold in Ireland and Finland The Company has discovered a 65km gold trend in the Longford – Down Massif in Ireland Already over half a million gold ounce (JORC 2012) resource established by the Company and a further multi-million ounce gold pote
Slide 4: Management Track Record
MANAGEMENT TRACK RECORD u Highly experienced board and management team u Professor Conroy and his team discovered the Galmoy zinc deposit in Ireland u Also involved in the discovery of the 5m Oz Pogo gold deposit in Alaska u Professor Earls was part of the team which discovered the Curraghinalt depo
Slide 5: Licence Area Location
LICENCE AREA LOCATION Belfast CURRENT LICENCE AREA (c.700Km²) Conroy Gold Licence Area ESTABLISHED MINING TRADITION, FAVOURABLE BUSINESS CLIMATE, EXCELLENT INFRASTRUCTURE PROSPECTING LICENCES GIVE EXCLUSIVE RIGHT TO SEEK A Gypsum Mine MINING LICENCE Ardee IRELAND RANKS 6th IN THE PRESTIGIOUS
Slide 6: Gold Deposits in Ireland
GOLD DEPOSITS IN IRELAND 2a CONROY GOLD AND NATURAL RESOURCES Clay Lake - Clontibret , Legend Geology Plutons |) siturian cy Ordovician : i Proterozoic
Slide 7: Clontibret Antimony Mines / First Gold Discovery
CLONTIBRET ANTIMONY MINES / FIRST GOLD DISCOVERY Antimony mines worked in early 1800s Channel sampling in the old mines in 1956 led to the discovery of gold Plan view of Antimony mine showing gold lodes Lode Lode Lode Lode 3m @ 9.8 g/t Au 5.5m @ 12.0 g/t Au 4m @ 12.8 g/t Au 10m @ 7.0 g/t Au Dr
Slide 8: Clontibret Gold in Soil, Outcrop, Trenching and Drilling
CLONTIBRET Gold In Soil, Outcrop, Trenching and Drilling CLAY LAKE TRENCHING 16.5m @ 6.5 g/t Au 15.0m @ 3.6 g/t Au 11.0m @ 5.3 g/t Au CLONTIBRET SECTION LINE CLAY LAKE – CLONTIBRET GOLD DISTRICT B B’ RESOURCE AREA Historic Antimony Mines Section Line B-B’
Slide 9: Clay Lake – Discovered by Conroy Gold
CLAY LAKE – DISCOVERED BY CONROY GOLD Gold In Soil, Outcrop, Trenching and Drilling CLAY LAKE CLONTIBRET A DRILLING DRILLING 6.61m @ 6.2g/t Au A’ 100m @ 0.6 g/t Au 21.50m @ 2.0 g/t Au Inc. 11.75m @ 1.4 g/t Au CLAY LAKE – CLONTIBRET TRENCHING and 10.25m @ 1.4 g/t Au GOLD DISTRICT 12m @ 2.2 g/t Au TRE
Slide 10: Extensive Metalliferous Systems in Licence Area
EXTENSIVE METALLIFEROUS SYSTEMS IN LICENCE AREA Licence area includes historic antimony, lead, zinc and copper mines First discovery of gold in the area was in an historic antimony mine Clay Lake Nugget (28 g/t Au) Clay Lake - Clontibret si te s covery Di Glenish
Slide 11: Clontibret Recent Drilling Results
CLONTIBRET RECENT DRILLING RESULTS u Seven new gold lodes identified (now over 40 lodes) u High gold grades u Wide gold intersections u High grades at depth HIGH GOLD GRADES WIDE GOLD INTERSECTIONS Au (g/t) Metres Metres Au (g/t) DRILL RIG (CLONTIBRET) 25.29 2.50 22.90 1.58 22.36 1.00 Inc. 14.55 2.2
Slide 12: Clontibret Gold Mineralised Drill Core
CLONTIBRET Gold Mineralised Drill Core GOLD MINERALISED DRILL CORE DRILL CORE 32 g/t GOLD (2.5m @ 25 g/t GOLD)
Slide 13: Core Shed
CORE SHED Company Coreshed Cremartin Co. Monaghan
Slide 14: Clontibret Vertical Cross-Section (B - B')
CLONTIBRET Vertical Cross-Section (B - B’) 5.2m @ 4.4 g/t Au 5.9m @ 5.6 g/t Au 5.0m @ 4.5 g/t Au (Inc. 2.5m @ 25.3 g/t Au) 0m W E 3.6m @ 2.2g/t Au 2.5m @ 2.3 g/t Au 500m
Slide 15: Clay Lake Gold-in-Bedrock – At or Close to Surface
CLAY LAKE Gold-in-Bedrock – At or Close to Surface GOLD ZONE GOLD ZONE GOLD ZONE GOLD MINERALISED BEDROCK AT CLAY LAKE (SOUTH WESTERN) (12m @ 2.2 g/t GOLD)
Slide 16: Glenish
GLENISH CLAY LAKE- CLONTIBRET GLENISH Drill Metres Au (g/t) Hole GL13 1.75 2.8 GL10 2.25 2.7 GL5 2.16 1.3 Channel 1.30 9.4 Sample
Slide 17: Tetra Tech Mineral Resource Estimate (2017)
TETRA TECH MINERAL RESOURCE ESTIMATE (2017) (on 10% of Clay Lake – Clontibret Gold Target) INDICATED INFERRED TONNES Au (g/t) OUNCES TONNES Au (g/t) OUNCES Lodes 4,460,000 2.1 301,000 2,980,000 2.0 193,000 Stockwork 500,000 1.2 19,000 110,000 1.2 4,000 Total 4,960,000 2.0 320,000 3,090,000 2.0 197,0
Slide 18: Estimates of Potential Contained Ounces
CLAY LAKE - CLONTIBRET Estimates Of Potential Contained Ounces Potential grade in g/t Au % Contained ounces x 1000 drilling 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50 success 14,012 21,018 28,023 35,029 42,035 49,041 56,047 63,053 70,058 77,064 25 11,209 16,814 22,419 28,023 33,628 39,233 44,
Slide 19: Mine Development Plan
MINE DEVELOPMENT PLAN u TO COMMENCE MINING WITH A CONVENTIONAL OPEN PIT MINE 775G Off-Highway Truck Conroy Resources Surface Mine Fleet Proposal
Slide 20: In-House Mining Plan on 10% of Clay Lake – Clontibret Target
CLAY LAKE – CLONTIBRET In-House Mining Plan on 10% of Clay Lake – Clontibret Target u Phase 1: Starter Pit Payback 2 years (Provides cash flow and underwrites project) u Phase 2: Pit Extension at Clontibret, underground mining and satellite pits In tandem – progress the Clay Lake – Clontibret gold S
Slide 21: Mine Development Pre-Permitting
MINE DEVELOPMENT PRE-PERMITTING u INFILL DRILLING - CONVERSION OF INFERRED TO INDICATED RESOURCE u WATER IMPACT ASSESSMENT INCLUDING HYDROGEOLOGICAL DRILLING u ENVIRONMENTAL IMPACT ASSESSMENT (EIA) INCLUDING CONDEMNATION DRILLING u ADVANCED METALLURGICAL TESTWORK u PRE-FEASIBILITY STUDY (PFS) AND DE
Slide 22: Mine Development Post-Permitting
MINE DEVELOPMENT POST-PERMITTING u PROJECT FINANCING - DEBT, EQUITY, JOINT VENTURE, OFFTAKE AGREEMENT, ROYALTY STREAM u FRONT END ENGINEERING DESIGN (FEED) - IS AN ENGINEERING DESIGN APPROACH USED TO CONTROL PROJECT EXPENSES AND THOROUGHLY PLAN A PROJECT BEFORE A FIX BID QUOTE IS SUBMITTED u PROCURE
Slide 23: Summary
SUMMARY u Management team has track record of success in discovering and permitting major deposits in Ireland u 65 Km gold trend discovered in Longford – Down Massif u Half million ounce gold resource established on 10% of Clay Lake – Clontibret target u Multi-million ounce gold potential demonstrat
Slide 24: Conroy Gold and Natural Resources plc
Conroy Gold and Natural Resources plc
Conroy Gold and Natural Resources — Shareholder Meeting (2017) on 6ix