Golconda Gold Ltd · TSXV:GG
Golconda Gold — Galane Gold — Investor Presentation (April 2014)
28 slides from Golconda Gold's investor presentation, April 2014
Slide 1: Management Presentation
MANAGEMENT PRESENTATION April 2014
Slide 2: Summary
SUMMARY Galane Gold Mupane Gold GG:TSX-V 30 km southeast of Francistown (population Trading Symbol Location GG:BSE ~ 100,000) in Northeastern Botswana Shares O/S 52,660,662 Ownership 100% - Acquired from IAMGOLD July 2011 Shares O/S fully-diluted 56,695,622 Operating Historical production from
Slide 3: Management Team
MANAGEMENT TEAM Chairman of Feronia Inc., one of Africa’s oldest operating companies and largest employers Ravi Sood Former CEO of Navina Asset Management a Toronto-based investment firm Chairman and Director of several companies in the Agriculture, Mining, and Interim CEO Oil & Gas sectors
Slide 4: Management Team
MANAGEMENT TEAM Wayne Senior Mining Professional with 26 years experience in Africa, Asia, and Europe Hatton- Former GM (Goldridge), COO (Galaxy Gold), GM Metallurgy (Avocet), Process Jones Manager (Randgold), Metallurgical Manager (Harmony Gold) B.Sc. (Witwatersrand), MDP (University of South
Slide 5: Botswana Overview
BOTSWANA OVERVIEW Operating in a stable and economically sound mining-friendly jurisdiction Corruption index 2012 from Transparency International Strong Economic Environment Stable and Simple Legal System Strong GDP growth Ranked as best mining country in Africa1 AA credit rating • Ranked 7th
Slide 6: Tenements
TENEMENTS 27, 200000 27.400000 27.600000 27.800000 L 1 1 1 Galane Gold Ltd. Prospecting & Mining Licences 0.255 40.15 20 & ees Kilometers Geographic Coordinate System_WGS 1984 -21,000000 Ll -24,000000 \ ZIMBABWE P % 4 ‘\Matshela - Gabedi > -21,200000 -21,400000 n 2G Mupane Mining Licences Mupane Pro
Slide 7: Operating and Financial Performance
OPERATING AND FINANCIAL PERFORMANCE Q4 2013 2013 2012 Q4 2011 Average achieved Gold Price US$/oz $1,275 $1,381 $1,672 $1,666 Operations Total material mined (000 t) 1,090 7,750 15,278 4,450 Ore mined (000 t) 182 714 907 278 Strip ratio 4.99 9.85 14.59 14.98 Ore milled (000 t) 225 886 1,084 281 Head
Slide 8: Capital Structure
CAPITAL STRUCTURE % of Basic Shares Number Outstanding Common Shares IAMGold Corporation 21,875,000 41.5% Sprott Asset Management 4,670,700 8.9% Other Institutions 3,572,500 6.8% Retail Investors 16,153,714 30.7% BOD and Management 6,388,748 12.1% Total Shares O/S (Basic) 52,660,662 100% Dilutive Se
Slide 9: Comparables – P/NAV
Semafo 0.95x Resolute 0.90x Pan African 0.88x Centamin 0.76x Golden Star 0.72x Avocet 0.61x Banro 0.53x Perseus 0.49x Endeavour 0.49x Galane 0.44x African Gold Producers1 Teranga 0.42x Amara 0.29x Allied Nevada 1.17x Alamos 1.08x 1. As of October 30, 2013. NAV estimates are based on consensus public
Slide 10: Regional Soil Sampling Gold
REGIONAL SOIL SAMPLING GOLD MONARCH Francistown TEKWANE MAP NORA JIM’S LUCK GOLDEN EAGLE MUPANE RAINBOW Galane Gold Ltd Mining Licences MATOPI Galane Gold Ltd Exploration Targets Greenstone belt outline SIGNAL HILL MOLOMOLO 10
Slide 11: Tholo – Complete Mining
THOLO – COMPLETE MINING As at March 31, 2014 247,000 tonnes of ore still to be mined with an average grade of 1.82 g/t and a stripping ratio of 2. This will contribute 12,000 ounces of gold into Q3 2014. This includes a plan to extend mine life and increase ounces by redesigning access ramps Galane
Slide 12: Tau Deeps – Early Access Project
TAU DEEPS – EARLY ACCESS PROJECT Drilling results at the previously mined Tau pit include a 53 m intersection averaging 4.55 g/t Au including: • 24 m at 6.57 g/t Au • 15 m at 5.86 g/t Au 124m Mine design completed and work commenced on forced portal. Mining will commence in mid 2014 and on the curre
Slide 13: Golden Eagle
GOLDEN EAGLE Mining commenced in 2012 and to date we have mined 304,000 tonnes at an average grade of 1.44 g/t. Old Exploration drilling drives at 930m RL Revised mine design completed at $1,400 gold. We have recommenced mining in early 2014 and on the current resources we are expecting to mine near
Slide 14: Screening Low Grade Stockpiles
SCREENING LOW GRADE STOCKPILES Historical operations has resulted in a low grade stockpile of 702,000 tonnes of ore at an average grade of 0.92 g/t. The stockpile is located next to the ROM pad. There are other low grade stockpiles located next to historic mining properties e.g. Signal Hill We
Slide 15: Tailings Dumps on the Tati Greenstone Belt
TAILINGS DUMPS ON THE TATI GREENSTONE BELT We have completed assaying and surveying work as part of the exploration project. We are currently planning to process 643,000 tonnes at an average grade of 0.97 g/t. The majority will come from the Monarch Slimes Dam. We have already processed Map, 60,000
Slide 16: Tawana – Tau Extension
TAWANA – TAU EXTENSION As part of the underground mine plan for Tau we intend to put in a vent through the floor of the adjacent Tawana pit. We will do this by expanding the current open pit at Tawana which will provide additional ore for the processing plant in 2014 In addition we will carry out ex
Slide 17: Tekwane
TEKWANE Pit ID TKPT056 30.50 g/t Pit ID TKPT030 39.71 g/t Pit ID TKPT029 43.47 g/t Indicated Resource of 12,735 oz and Inferred Resource of 11,443 oz established in the rubble horizon within the soil bed. Permitting process commenced. Processing will be with a gravity circuit either in conjunction w
Slide 18: Jim's Luck – 11km of Strike
JIM’S LUCK – 11KM OF STRIKE Initial mine design completed and work commenced on pit optimisation. We have produced a conceptual mine plan which could mine 680,000 tonnes of ore at an average grade of 2.16 g/t at a stripping ratio of 5.5. Through exploration we know that there is a further 10km of st
Slide 19: Kwena
KWENA Historical mining carried out at Kwena by Proposed IAMGOLD Pit 2 Limit With the increase in gold price can now mine additional resources A new mine plan is under review, with: 700,000 tonnes of ore Stripping ratio 6.2 Grade 1.77 g/t 32,085 ounces Conceptual planning to mine und
Slide 20: Exploration Targets
EXPLORATION TARGETS Tati Greenstone Belt — Exploration Targets t { . i hemi: N t Au (ppb Xmas Kop : 200 ‘ @ 100 \% 75 Orapa Road g P @ 50 O 2 @ 10 1 5 S_Tekwane Map Nora ¢ Lady Mary 7 Road Side, East Pool, Texas Reef Durham - St Kildon Line : Todd’s Creek : Phoenix Golden Eagle > > Jims Luck i Moth
Slide 21: Tati Greenstone Belt Geology & Aeromagnetics
TATI GREENSTONE BELT GEOLOGY & AEROMAGNETICS 20 kilometres Francistown Total Field Geology Directional Filtered AeroMagnetics AeroMagnetics 21
Slide 22: Golden Eagle Deep
GOLDEN EAGLE DEEP MARTIAL FALCON BATELEUR 22
Slide 23: Map Nora
MAP NORA Historical operation impeded by refractory nature of ore: Underground Metallurgy now better understood and a infrastructure, concentrate could be processed at bioleach including shaft, facilities in South Africa headgear and Metallurgical test work commenced in late 2012 winder, in pl
Slide 24: Investment Highlights
INVESTMENT HIGHLIGHTS Immediate Leverage Experienced Operating to Spot Gold Exploration Upside Management Unhedged gold producer Control all prospective ground Strong operators with the Free cash flow from current on the Tati Greenstone belt ability to optimize and expand LOM plan Substant
Slide 25: Galane Gold logo
The Galane Gold logo was designed by an employee in a company-wide contest. The blue and black bars in the official colours of Botswana represent the hands of Batswana protecting the country’s resources for the betterment of the country and its people. 25
Slide 26: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements contained in this presentation constitute “forward-looking statements”. All statements other than statements of historical fact contained in this presentation, including, without limitation, those regarding Galane Gold’s results of operations, strategy,
Slide 27: Cautionary Statements
CAUTIONARY STATEMENTS For more information regarding the mineral resource figures and technical information set out in this presentation, please refer to: (i) the news release dated March 18, 2013 entitled “Galane Gold Ltd. Announces a Mineral Resource Update For its Botswana Properties”; (ii) the n
Slide 28: Contacts
CONTACTS R AV I S O O D NICK BRODIE INVESTOR Chairman (non-executive) Chief Financial Officer R E L AT I O N S Ravi@GalaneGold.com Nick.Brodie@GalaneGold.com Investors@GalaneGold.com Mobile: +852 9829 8376 Mobile: +44 7905089878 Phone: +44 7905089878 28