Korab Resources Limited · ASX:KOR
Korab Resources — Investor Presentation (January 2010)
26 slides from Korab Resources's investor presentation, Jan 21, 2010
Slide 1: Investor Briefing January 2010
INVESTOR INVESTOR BRIEFING BRIEFING January January 2010 2010 Andrej Karpinski Executive Executive Chairman Chairman www.korab.com.au ASX: KOR
Slide 2: Important Information
Important Information This presentation has been prepared by Korab Resources Limited (“Korab” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those s
Slide 3: Overview
Overview ASX code: KOR Winchester and GeolSec Market Cap: $20 M (@ $0.25) Issued capital: 78 M Top 20: 47% Directors: 33% Directors: Andrej Karpinski Executive Chairman John McKenzie Melrose Project Non Executive Director Rodney Skeet Non Executive Director 2 www.korab.com.au ASX: KOR ASX: KOR
Slide 4: Price History
Price History 3 www.korab.com.au ASX: KOR ASX: KOR
Slide 5: Why Korab?
Why Korab? Demerger of gold assets into two listed entities 1 Korab shareholders to receive free shares in two demerged entities 1 Tight register – free float less than 45 million shares Long life projects in large markets with excellent growth potential Potential for near term income 1 Subject to s
Slide 6: Company Profile
Company Profile Listed on ASX in August 2005 Magnesium, organic rock phosphate, gold and silver projects in Australia and Europe Demerging development-ready gold projects Bobrikovo gold and silver mine located in eastern Ukraine Melrose gold project located 70km from Leinster in WA Developing mining
Slide 7: Strategy & Objectives
Strategy & Objectives Key objective is to maximise shareholder returns Simplify corporate structure Demerge gold operations into 2 separate listed entities (allow shareholders to optimise their portfolios by providing them with tradeable equity in each project) Allow each project to be evaluated by
Slide 8: Strategy & Objectives (cont.)
Strategy & Objectives (cont.) Establish Korab as a low cost niche operator in sectors with strong historical growth and a continuing long term growth potential Organic phosphate rock - growing demand for organic produce, concerns over water pollution and soil salinity Magnesium – growing demand for
Slide 9: Melrose Project Timeline
Melrose Project Timeline Spin-off and IPO EGM planned for 1st Q 2010 IPO planned for 2nd Q 2010 1 Development 1st half of 2010: metallurgy tests, process design, mine design 2nd half 2010: permitting, contracting, procurement 1st half 2011: commence mining and gold production 1 Subject to shareholde
Slide 10: Melrose Project Info.
Melrose Project Info. Well located project Large existing resource base Deposit starts at shallow depth Potential for low cost operation Great exploration upside below existing resource Dedicated technical and management team with experience in open cut and underground gold mine development 9 www.ko
Slide 11: Melrose Project Location
Melrose Project Location 10 www.korab.com.au ASX: KOR ASX: KOR
Slide 12: Melrose Project JORC Resource
Melrose Project JORC Resource Table 1. Melrose Project Mineral Resource (above 0.5g/t cut-off) GRADE OUNCES RESOURCE/DEPOSIT TONS G/T AU GOLD Measured Resource Boundary 684,000 1.36 30,000 Indicated Resource Boundary 3,024,000 1.31 127,000 Inferred Resource Boundary 900,000 1.56 45,000 Bungarra 1,65
Slide 13: Melrose Project Exploration Upside
Melrose Project Exploration Upside Table 2. Boundary Deposit – RC drilling significant intercepts (local grid) HOLE NO. NORTH EAST AZI/DECL. INTERCEPT BDRC02 23250 8910 270/-60 5m at 12.34g/t Au from 145m BDRC03 23275 8925 270/-60 5m at 11.03g/t Au from 120m BDRC11 23275 8900 270/-60 5m at 9.42g/t A
Slide 14: Melrose Exploration Upside
Melrose Exploration Upside 13 www.korab.com.au ASX: KOR ASX: KOR
Slide 15: Lugansk (Bobrikovo) Timeline
Lugansk (Bobrikovo) Timeline Demerger and IPO EGM planned for 1st Q 2010 IPO planned for 2nd Q 2010 1 Development Mine design, prestrip, all permitting completed 1st half 2010: re-commence mining and stockpiling of ore, plant re-design, contracting, procurement, construction 1st half 2011: commence
Slide 16: Lugansk (Bobrikovo) Project Location
Lugansk (Bobrikovo) Project Location Bobrikovo 15 www.korab.com.au ASX: KOR ASX: KOR
Slide 17: Bobrikovo Project Info.
Bobrikovo Project Info. Well located project (old mining region) Experienced, highly trained local workforce Resource base currently being converted to JORC code Deposit starts at shallow depth Potential for low cost operation Great exploration upside below existing resource Dedicated local technica
Slide 18: Bobrikovo Mine Design
Bobrikovo Mine Design 17 www.korab.com.au ASX: KOR ASX: KOR
Slide 19: Bobrikovo Mine Design
Bobrikovo Mine Design 18 www.korab.com.au ASX: KOR ASX: KOR
Slide 20: Bobrikovo Plant Design (current)
Bobrikovo Plant Design (current) 19 www.korab.com.au ASX: KOR ASX: KOR
Slide 21: Winchester Magnesium Project
Winchester Magnesium Project Located 65 km from Darwin, all infrastructure on site, great logistics Low operating cost potential Large resource base sufficient for 50 year mine life: Indicated Resource of 12.2Mt @ 43.1% Magnesium Oxide (MgO) Inferred Resource of 4.4Mt @ 43.6% Magnesium Oxide (MgO) I
Slide 22: Winchester and GeolSec Location
Winchester and GeolSec Location GeolSec Winchester 21 www.korab.com.au ASX: KOR ASX: KOR
Slide 23: Winchester Development – MgO
Winchester Development – MgO Production of MgO and MgO based products Bushfire-proof housing Cyclone-proof housing Remote area housing Prefabricated housing Internal and external cladding Structural walls Ceiling, wall and floor panels Extruded and moulded products 22 www.korab.com.au ASX: KOR ASX:
Slide 24: GeolSec Project Info.
GeolSec Project Info. Located 65 km from Darwin All basic infrastructure (rail, highways, water, power) located near site Excellent local market in northern Australia Easy access to Asia and India Resilient recession-proof market: 17% market growth in USA during 2008/2009 year Strong environmental c
Slide 25: Geolsec Timeline
Geolsec Timeline 1st half of 2010 - permitting, contracting, procurement 2nd half of 2010 – start production and sales 1 Initial sales targets 15,000 to 20,000 tpa Potential for 1st year profit of $5 million (pre-tax) 2 Potential for 2nd year profit of $9 million (pre-tax) 2 1 Subject to receiving a
Slide 26: Contacts
Contacts Investor relations - Andrej K. Karpinski, Executive Chairman Tel: (08) 9474 6166 Fax: (08) 9474 6266 Korab Resources Ltd, Korab House Level 2, 100 Mill Point Road South Perth WA 6151 25 www.korab.com.au ASX: KOR ASX: KOR
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