Indiana Resources Limited · ASX:IDA
Indiana Resources — Shareholder Meeting (November 2016)
27 slides from Indiana Resources's shareholder meeting presentation, Nov 23, 2016
Slide 1: Chairman's Address and Presentation ASX cover letter
23/11/2016 For personal use only Market Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000 Dear Sir / Madam INDIANA RESOURCES LIMITED 2016 ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS AND PRESENTATION Please find attached the Chairman’s Address and presentati
Slide 2: Chairman's Address
Chairman’s Address 2016 has been a transformational year for Indiana Resources, as the company has repositioned itself as a gold and nickel explorer, focused on our Kishugu and Naujombo Gold Prospects and Ntaka Hill Nickel Project in south-east Tanzania. For personal use only As shareholders are awa
Slide 3: AGM Presentation, 23 November 2016
For personal use only AGM Presentation 23 November 2016
Slide 4: Corporate overview
Corporate overview Campbell Baird, Managing Director For personal use only A mining executive who has been part of the Australian and global mining industry for over 25 years. During his 4 years of tenure as CEO at Focus Capital Structure Minerals Pty Ltd, Campbell increased annual gold production f
Slide 5: Indiana Resources – the value proposition
Indiana Resources – the value proposition Attractive base • Kishugu and Naujombo Gold Prospects – large gold anomalies at Kishugu and Naujombo For personal use only and precious • Ntaka Hill Nickel Project – control of project with a desirable commodity in a stable metals assets jurisdiction Gold ex
Slide 6: Attractive gold assets
Attractive gold assets • Kishugu and Naujombo gold prospects For personal use only • Large gold systems • Significant zones of gold anomalism • High probability that best (highest grade/thickest) mineralisation not yet intersected • Originally outlined in 1996 during regional soils and stream sampli
Slide 7: Naujombo and Kishugu site visit – November 2016
Naujombo and Kishugu site visit – November 2016 For personal use only RAB Drilling at Kishugu Mobile Phone Tower – Close to Naujombo www.indianaresources.com.au RAB Drilling at Naujombo 5
Slide 8: Naujombo drilling – extensive gold anomalies in bedrock
Naujombo drilling – extensive gold anomalies in bedrock For personal use only • September 2016 drilling – maiden drilling programs • 9 widely spaced lines of RAB drilling completed (>1km), comprised of 80 holes (80m spacing) for 2,038m • Designed as reconnaissance programs – anomalous gold in bedroc
Slide 9: Kishugu drilling – extensive gold anomalies in bedrock
Kishugu drilling – extensive gold anomalies in bedrock For personal use only • September 2016 Drilling – maiden drilling program • 4 widely spaced lines (>1km) of RAB drilling completed, comprised of 56 holes (80m spacing) for 1,360m • Strong anomalous gold in bedrock intersected on each line of dri
Slide 10: Naujombo and Kishugu 2016 / 2017 – next steps
Naujombo and Kishugu 2016 / 2017 – next steps • Key outcomes of 2016 RAB drilling For personal use only • Confirmed substantial quantity of gold in systems • Gives confidence for follow up field work and drilling • Key objectives to unlock Kishugu and Naujombo for 2017 • Overcome the extreme size of
Slide 11: Ntaka Hill offers significant opportunity
Ntaka Hill offers significant opportunity (60% owner and manager) Significant high-grade intersections at Ntaka Hill since 2006 Value of Ntaka Hill not currently appreciated For personal use only • Significant nickel sulphide resource • Measured and Indicated: 20,323,000 tonnes at 0.58% nickel for 1
Slide 12: Ntaka Hill Site Visit – November 2016
Ntaka Hill Site Visit – November 2016 For personal use only Pick the Massive Sulphide in the core Ntaka Camp Offices Sleeping Giant Location www.indianaresources.com.au 10
Slide 13: Smaller mine option improves probability of development
Smaller mine option improves probability of development • Previous study in 2012 based on a high Ntaka Hill Resource model showing a 0.75% Ni cut-off For personal use only volume, lower grade operation • In 2015, a high-grade lower capex project identified • Focused on high-grade core within existin
Slide 14: Reconsidering the regional Nickel potential
Reconsidering the regional Nickel potential Early stage nickel sulphide targets For personal use only • Lionja Interpreted D2 fold hinge • Recent mapping suggests that Lionja is along the same folded D2 Structure. • Large data package of geophysics, geochemistry. • Drilling in 2006 – 2010 resulted i
Slide 15: Access to existing infrastructure
Access to existing infrastructure Roads and transport Path to port • Ntaka Hill to Mtwara Port is ~ 200km, predominantly For personal use only sealed • Existing airport at Nachingwea ~ 30km from Ntaka Hill Mtwara Port • Commercial deep water port with significant capacity • Land available for concen
Slide 16: Indiana in Tanzania
Indiana in Tanzania Favourable jurisdiction, experienced country manager For personal use only • Stable democratic Government committed to growing the mining industry • Globally competitive mining legislation and tax and regulatory regime • Access to skilled and educated workforce • Fourth largest g
Slide 17: Conclusion – into 2017
Conclusion – into 2017 • Four months in and Indiana’s value is only just starting to be unlocked For personal use only • Compelling valuation (Cash $1.3M, EV 2.4M) • Actively working on the large Naujombo and Kishugu gold projects • Highly encouraging results to date • Presently in the field mapping
Slide 18: Disclaimer and Competent Persons' Statements
Disclaimer and Competent Persons’ Statements • This presentation (the “Presentation”) has been prepared by Indiana. No party other than Indiana has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this Presentat
Slide 19: Campbell Baird, Managing Director
For personal use only Campbell Baird Managing Director Suite 4, Level 1, 2 Richardson Street West Perth WA 6005 Telephone: +61 8 9388 7877 Facsimile: +61 8 9382 2399 www@indianaresources.com.au www.indianaresources.com.au 17
Slide 20: Annual General Meeting – items of business
Annual General Meeting – items of business For personal use only 1 2016 Annual Report 2 Adoption of Remuneration Report 3 Re-election of Director – Bruce McFadzean 4 Approval of additional 10% capital raising capacity 5 Approval of prior issues of securities 6 Appointment of auditors 7 Issue of secu
Slide 21: Item 1. 2016 Annual Report
Item 1. 2016 Annual Report For personal use only To table and consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2016, which includes the Financial Report, the Directors' Report and the Auditor's Report. www.indianaresources.com.au 19
Slide 22: Item 2. Adoption of Remuneration Report
Item 2. 2016 Adoption of Remuneration Report For personal use only Resolution 1: That, for the purpose of section 250R(2) of the Corporations Act, and for all other purposes, approval is given for the adoption of the Remuneration Report of the Company. Voting Summary: For 12,365,624 Against 148,961
Slide 23: Item 3. Re-election of director – Bruce McFadzean
Item 3. Re-election of director – Bruce McFadzean For personal use only Resolution 2: That, for the purpose of clause 46 of the Constitution and for all other purposes, Bruce McFadzean, a Director who was appointed by the Directors on 30 March 2015 and elected at the 17 November 2015 Annual General
Slide 24: Item 4. Approval of additional 10% capital raising capacity
Item 4. Approval of additional 10% capital raising capacity Resolution 3: That, pursuant to and in accordance with Listing Rule 7.1A and for all For personal use only other purposes, the Shareholders approve the Company having the additional capacity to issue Equity Securities in an amount up to 10%
Slide 25: Item 5. Approval of prior issues of securities
Item 5. Approval of prior issues of securities to refresh the Company’s 15% placement capacity Resolution 4(a): That pursuant to and in accordance with Listing Rule 7.4 and for all other For personal use only purposes, Shareholders ratify the issue of 4,700,581 Shares at 12.0 cents per share on 22 A
Slide 26: Item 6. Ratification of appointment of auditor
Item 6. Ratification of appointment of auditor Resolution 5: That for the purposes of Section 327C of the Corporations Act and for For personal use only all other purposes, RSM Partners Australia (RSM), having been appointed as Auditors under the casual vacancy on 27 May 2016, be ratified. Voting Su
Slide 27: Item 7. Approval of issue of securities to Campbell Baird
Item 7. Approval of issue of securities to Campbell Baird Resolution 6(a): That, for the purpose of Listing Rule 10.11 and sections 200B and 200E of the Corporations Act and for all other purposes, the grant of 636,011 Options, on the terms and conditions described in the Explanatory For personal us
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