West Wits Mining Limited · ASX:WWI
West Wits Mining — Shareholder Meeting (November 2011)
27 slides from West Wits Mining's shareholder meeting presentation, Nov 23, 2011
Slide 1: West Wits Mining Limited Annual General Meeting November 2011
Main heading West Wits Mining Limited For personal use only (ASX:WWI) Annual General Meeting - November 2011 Explore, Evaluate, Extract
Slide 2: Disclaimer
Disclaimer Main heading For personal use only This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that
Slide 3: Executive Summary
Executive Summary Main heading • West Wits acquired Derewo River Gold Project, Papua Province, Indonesia in July 2011 For personal use only • Derewo is a high grade placer deposit with coarse gold nuggets occurring within alluvial gravels • Similar characteristics to early stage Porgera, Edie Creek,
Slide 4: Corporate Structure
Corporate Structure Main heading Capital Structure For personal use only Ordinary Shares 254,706,591 Performance Shares 46,000,000 DRD Entitlement Shares 38,250,000 Options (var ex prices & dates) 61,065,000 Market Cap (@ $0.04) $10.2m Cash ~ A$2.4m Debt A$0 Enterprise Value ~ A$7.8m Shareholding (T
Slide 5: Board and Executives
Board and Executives Main heading • For personal use only Michael Quinert (Executive Chairman) 25 years as a commercial lawyer and 18 years as a partner in a Melbourne law firm. Extensive experience in the resources sector advising public companies • Hulme Scholes (Non Executive Director) Began care
Slide 6: One major gold producer on the Indonesian side of border with PNG, Why?
One major gold producer on the Indonesian side of border with PNG, Why? Main heading For personal use only 6
Slide 7: Derewo River Gold Project
Derewo River Gold Project (“Derewo”) Main heading • Political/physical isolation delayed discovery until 2004 For personal use only • Coarse nuggets contained in terraces and paleo-channel along Derewo River • Reported +120,000 oz gold recovered by artisanal miners over 6 years • WWI intends to expl
Slide 8: Milestones at Derewo since acquisition
Milestones at Derewo since acquisition Main heading Exploration For personal use only • Obtained geochemical multi-element dataset from Freeport consisting of 2,486 samples (27,440 assays) including rockchips, soil, stream sediment and panned concentrates which has lead to identifying a number of si
Slide 9: Exploration - Derewo Project Area
Exploration - Derewo Project Area Main heading For personal use only 9
Slide 10: Exploration - significant anomalies identified
Exploration - significant anomalies identified Main heading • Geochem data identified significant exploration targets; Wopogi (Au-Cu), Sena (Au) & Biapigu (Cu) For personal use only • Data advanced exploration program by at least 12 months and saved $1 million • Sample data suggests multiple hardroc
Slide 11: Exploration - Wopogi (Au-Cu)
Exploration - Wopogi (Au-Cu) Main heading For personal use only • 157km2 area • Wopogi presents as one likely source of the alluvial gold within the Derewo River & coarse gold placer • Initial target to be focused on Q1 2012 – close proximity to alluvial operation • Gold geochem with coincident copp
Slide 12: Exploration – Next Steps
Exploration – Next Steps Main heading • Steps for hard rock exploration – Q1 2012 For personal use only o Complete interpretation of geophysical data secured from Freeport o Exploration Manager joins team Jan 2012 o Complete follow up geochem sampling of streams o Geological mapping; structural, lit
Slide 13: Alluvial Production – Mining Licence
Alluvial Production – Mining Licence Main heading • 40 Ha IUP Exploitation Licence (Mining Lease) granted For personal use only • Topographic survey completed • Development of gravity circuit underway • Heavy earth moving equipment on site • Environmental approval granted • Forestry Permit approval
Slide 14: Alluvial Production – Development Path
Alluvial Production – Development Path Main heading • The development strategy; For personal use only PHASE I - Commence mapping and sampling program and small scale hydraulic mining operation - development of airstrip PHASE II - complete access road, dam construction and pipeline, commence larg
Slide 15: Alluvial Production – Historic models to follow
Alluvial Production – Historic models to follow Main heading For personal use only All gold coarse and easy captured by sluice boxes Alluvial Mining at Porgera 1960’s Schematic of Mining 15
Slide 16: Derewo Timeline
Derewo Timeline Main heading For personal use only Activity Sep Oct Nov Dec Jan Feb Mar Environmental permit Topographic Survey Mine design Forestry Permit Road construct/site preparation Camp/ facilities construction Follow up sampling program Commissioning mining 16
Slide 17: South African Projects
South African Projects Main heading • Leases hold 20kms of Witwatersrand Reef, West Rand, South For personal use only Africa • WWI has been focused on developing near surface gold resources for opencut mining • These leases currently hold; Current JORC Gold Reserve of 59,000 ozs o EV/Reserve Oz -
Slide 18: Emerald Gold Project
Emerald Gold Project Main heading • Drill program focused at 1km Gap zone For personal use only now completed – Assay results pending • Focus has been to delineate nearWestern Emerald surface resources Pit • Reserve at Emerald completed with Gold Price of US$1,220/oz • Current NPV of Emerald in exce
Slide 19: Simple Strategy
Next Mainsteps for SA heading Simple Strategy For personal use only • Continue to delineate “convertible ounces” – low cost discovery • Continue to expand existing and new near surface projects EMPEROR TARGET • Continue to assess alternatives as how to best commercialise these projects and resources
Slide 20: Upcoming Newsflow
Upcoming Newsflow Main heading For personal use only Date Milestone Dec 2011 Assay results from LIP Target (Sth Africa) Dec 2011 Assay results from Gap Target (Sth Africa) Dec 2011 Receive Forestry Permit (Papua) Dec 2011 Development of Gravity Circuit continues (Papua) Jan 2012 Exploration manager
Slide 21: Conclusion
Conclusion Main heading • For personal use only Only ASX listed junior with exposure to high quality exploration targets in Papua Province, Indonesia • Elephant country – quality structural setting in favourable geology • Target models - Porgera Zone 7(20moz) and Wafi/Golpu (30moz) • Security of ten
Slide 22: Contact
Contact Main heading For personal use only Michael Quinert Tim Chapman Executive Chairman Corporate Manager Phone: +61 3 9824 8166 Phone: +61 3 9824 8166 Suite 2, 1233 High Street Armadale Suite 2, 1233 High Street Armadale Victoria 3143 Victoria 3143 22
Slide 23: Appendicies
Appendicies Main heading For personal use only 23
Slide 24: Derewo River Gold Project
Derewo River Gold Project Main heading For personal use only 24
Slide 25: Derewo Exploration - Sena (Au)
Derewo Exploration - Sena (Au) Main heading For personal use only • 57 km2 area covering complex section of the Derewo Fault • Area is characterised by anomalous gold stream sediment and panned concentrate geochem 25
Slide 26: Company Ore Reserve and Mineral Resource Summary
Company Ore Reserve and Mineral Resource Summary Main heading For personal use only 26
Slide 27: JORC Statement
JORC Main Statement heading The Ore Reserve Estimate summarises the content of the mine designs above a 0.8g/t cut-off. For personal use only The figures presented have been rounded and include mining dilution and ore loss. The Ore Reserve Estimate has been derived as part of pre-feasibility study T
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