Panthera Resources PLC · LSE:PAT
Panthera Resources — Investor Presentation (December 2017)
27 slides from Panthera Resources's investor presentation, December 2017
Slide 1: Corporate presentation
Corporate presentation December 2017 PRIVATE & CONFIDENTIAL
Slide 2: Important notice
Important notice This presentation (the “Presentation”) is strictly confidential to the recipient and has been prepared by Panthera (or the “Company”) based on the information available to it. It is intended solely for the information of the initial recipient of this presentation. Panthera is not un
Slide 3: Investment highlights
Investment highlights 1. A world class gold project opportunity Targeting a +6.0Moz resource • Primary mineralisation from near-‐surface with potential to develop into a large, bulk mineable open-‐pit operation • JORC-‐compliant resources of 1.74Moz, with a planned exploration programme to increa
Slide 4: The company and corporate structure
The company and corporate structure • Panthera is the holding company for Share and Option Overview Indo Gold Limited Fund distribution Shareholders % Ownership Ordi na ry Ore Acqui s i ti on Pa rtners LP 13.1% • The company has a number of joint-‐venture Sha res (m) 61.89 Mi cha el L H i ggi ns 11
Slide 5: An experienced and capable team
An experienced and capable team Management provides a stable, experienced and proven leadership team to ensure value creation • Has a depth and breadth of experience and success across discovery, exploration and development • A notable discovery track record having discovered projects with an invent
Slide 6: India — Bhukia Project
India — Bhukia Project
Slide 7: Bhukia
Bhukia Panthera is looking to develop a resource base over 6.0Moz of gold • Intention is to grow the resource base from the Soil Geochemistry of Bhukia current JORC-‐compliant resource of 38.5Mt at 1.4 g/t (1.74Moz Au) over 18-‐24 months from PL grant • In 2014 the GSI reported a non JORC-‐compli
Slide 8: Bhukia’s potential — Panch Mahuri
Bhukia’s potential — Panch Mahuri • Potential for continuous high-‐grade zones • Drilling thus far presents steep-‐dipping continuous grade within broad zones of lower-‐grade mineralisation Mineral Resource Blocks — Depth View 8
Slide 9: Bhukia’s potential — Mahi
Bhukia’s potential — Mahi • Mineralisation is at or near surface is open at depth • Steeply dipping with wide zones of mineralisation Mineral Resource Blocks — Depth View 9
Slide 10: Comparable gold discoveries list
Comparable gold discoveries list Relative Resource Size to Other AIM Companies • In the last 20 years there have been a limited 8.0 number of findings greater than Bhukia 7.0 Panthera Early Exploration Late Exploration • Relative to other AIM investments, Bhukia has 6.0 Resource grade g/t Feasibilit
Slide 11: Bhukia — Large-scale development opportunity
Bhukia — Large-‐scale development opportunity Comparable with the largest gold mines in the world Relative Pit Sizes • Potential for very large-‐scale open-‐pit project development • Targeting a resource increase to +6.0Moz of gold • Soil geochemical footprint compares favourably in scale to worl
Slide 12: Improving regulatory environment in India
Improving regulatory environment in India Current Political Landscape • The Government of India (GoI) and the State Government of Rajasthan (GoR) have introduced strong pro-‐business/anti-‐ corruption policies • Within Rajasthan, the Department of Mines and Geology (DMG) has laid out goals to: • i
Slide 13: Africa — Naton, Kalaka & Bassala Projects
Africa — Naton, Kalaka & Bassala Projects
Slide 14: African strategy
African strategy West African Strategy Current High Value Portfolio • Take advantage of the team’s extensive network 1. Naton — Burkina Faso and experience in the region • Extensive gold-‐in-‐soil anomalies and high-‐ • Property selection, target identification and grade gold targets within quart
Slide 15: Naton — Extensive gold soil anomaly
Naton — Extensive gold soil anomaly • Soil sampling, mapping, trenching, magnetics and IP is planned for prospective areas that have been identified • Early drill testing anticipated Results Thus Far Have Been Promising Interesting results thus far include: • Kwademen Prospect — Multiple shear zones
Slide 16: Kalaka — Large geochemical halo
Kalaka — Large geochemical halo • 260km SE of Bamako in South Mali and about 80km Current High Value Portfolio south of the Morila gold mine • Previous RC & diamond drilling highlights identified a large, low-‐grade zone of mineralisation with multiple drill intersections exceeding 150m at the 0.5
Slide 17: Bassala — Large-scale soil anomaly
Bassala — Large-‐scale soil anomaly • Located 5km west of the 2.5Moz Kodierian mine Soil Mapping and 8km NW of the 1.5Moz Kalana mine, which was recently acquired by Endeavour Mining • Results from the RAB drilling confirm the presence of sub-‐surface mineralisation. Samples from ten holes assayed
Slide 18: Summary
Summary Panthera Resources is a high potential, UK-‐based mineral exploration and development company soon to list on AIM 1. World class asset targeting 6.0Moz+ resource at Bhukia • Primary mineralisation from near-‐surface with potential to develop into a large, bulk mineable open-‐pit operation
Slide 19: Contact details
Contact details Panthera Resources RFC Ambrian Geoff Stanley Managing Director Rob Adamson M: +1 (917) 941-‐7704 B: +61 2 9250 0041 E: geoff.stanley@pantheraresources.com E: rob.adamson@rfcambrian.com Bhavesh Patel B: +44 20 3440 6816 E: bhavesh.patel@rfcambrian.com 19
Slide 20: Appendices
Appendices Appendix A Comparable gold discoveries list Appendix B Bhukia’s history Appendix C Director profiles Appendix D Senior management profiles Appendix E Taregaon Appendix F India
Slide 21: Appendix A — Bhukia mineral resource estimate
Appendix A — Bhukia mineral resource estimate Bhukia Mineral Resource Estimate Gross Net Attributable Zone Category Grade Gold Grade Gold Operator Tonnes (Mt) Tonnes (Mt) (g/t Au) (koz.) (g/t Au) (koz.) Mahi Inferred 24.1 1.3 1,010 16.87 1.3 707 IGMPL Panch Mahuri Inferred 14.4 1.6 730 10.08 1.6 511
Slide 22: Bhukia’s history
Bhukia’s history 1994-‐2003 HZL drilled the Trench Zone, Panch 1970s-‐1980s 2008 2016-‐2017 Mahuri, Mahi and to north of State-‐sponsored The High Court of GoR approached Ministry of Mahi, resulting in an unclassified research and Rajasthan reviewed and Mines to seek clarification on resource of
Slide 23: Appendix C — Director profiles
Appendix C — Director profiles Michael Higgins BSc (Hons), FAusIMM (aged 67) Christopher Rashleigh BSc (Hons), MAusIMM, 1st Class Mine Non-‐Executive Chairman Manager (Cert of Competency, Qld) (aged 70) Mr Higgins graduated in 1972 from the University of New South Wales Non-‐Executive Director (Sy
Slide 24: Appendix C — Director profiles cont’d
Appendix C — Director profiles cont’d David Stein MSc Geology Queen’s University, Chartered Timothy Hargreaves BSc Geology, Dip Petroleum/Reservoir Financial Analyst (aged 41) Engineering, University of Sydney (aged 64) Non-‐Executive Director Non-‐Executive Director Mr Stein was most recently a s
Slide 25: Appendix D — Senior management profiles
Appendix D — Senior management profiles Anthony Truelove BSc(Hons) MAusIMM MSEG (aged 58) Mark Cranny BCom, Chartered Accountant (aged 45) Chief Operating Officer Chief Finance Officer Mr Truelove graduated from the University of Adelaide in 1981 Mr Cranny is a Chartered Accountant with over 20 year
Slide 26: Appendix E — Taregaon — Large-scale soil anomaly
Appendix E — Taregaon — Large-‐scale soil anomaly • Panthera considers the Taregaon Project as having Taregaon Soil Map the potential to be a large porphyry copper-‐gold system. • Located near infrastructure and Boda Pahar, in the State of Madhya Pradesh • The prospect demonstrates an open, well d
Slide 27: Appendix F — India
Appendix F — India • The mining industry is significant, employing 3m Mining in Rajasthan people in India directly and another 8m indirectly, contributing 2.4% of India’s GDP • India is the world’s second largest gold importer; imports are equivalent to some 24Moz pa of gold, or US$30bn • Recent ref
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