Eastern Goldfields, Inc. · OTC:EGDD
Eastern Goldfields — Non-Deal Roadshow (August 2016)
44 slides from Eastern Goldfields's roadshow presentation, August 2016
Slide 1: US Institutional Roadshow
US Institutional Roadshow August 2016 Michael Fotios – Executive Chairman
Slide 2: Competent Persons Statement
Competent Persons Statement • The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Michael Thomson, an employee of Eastern Goldfields Limited, who is a Member of the Australian Institute of Mining and Metallurgy. Mr Thomson
Slide 3: Investment Highlights
Investment Highlights • AUD $27.5m raised in early 2016 at $0.15 per share 1 Turnaround complete • Company debt free • Well funded to rapidly advance clear development program • Resource base of 1.5Moz at an average grade of 2.5 g/t1 2 • Strong potential for near mine increase in resource ounces; su
Slide 4: Corporate Overview
Corporate Overview ASX Code EGS Issued Capital Shares 489,531,151 Share Price Current $0.51 Market Capitalisation $249.6m Cash in bank Current balance $15.5m Cash at bank figure as at 30 June 2016, share price current at 12 August 2016 Michael Fotios, Executive Chairman Board Alan Still, Non-Executi
Slide 5: Project Overview
Project Overview • Very large total ground holding, contains multiple mining centres: • Davyhurst (LOI) • Siberia • Callion • Waihi • Mulline/Riverina • Mt Ida • Each centre hosts multiple o/p and u/g opportunities (Mt Ida u/g only) • Near term production ounces sourced from Davyhurst, Siberia and C
Slide 6: Dual Hub Approach
Dual Hub Approach Priority #1 Davyhurst Hub – current resource 18.6Mt @ 2.3 g/t • Large existing resource base • Substantial production infrastructure • Significant number of exploration opportunities Priority #2 Mt Ida Hub – current resource 317kt @ 13.8 g/t • High grade, low tonnage (e.g. Andy Wel
Slide 7: Project Development Timeline
Project Development Timeline Mar Apr May Jun Jul Aug Sep Oct Nov Dec Capital raise close; reinstatement to ASX Resource Development Release of historic drilling results (by mining centre) Reserve definition drilling on near mine ounces Resource extension drilling Regional Exploration Mapping, soil g
Slide 8: Recent rate of drilling announcements expected to continue
Recent rate of drilling announcements expected to continue over coming months Date Mining Centre Commentary 5 May 2016 Davyhurst “Initial drilling results from Davyhurst highlight potential” 19 May 2016 Davyhurst “Results from Golden Eagle delivers near term mining target” 26 May 2016 Davyhurst “Ini
Slide 9: Resource Development Program
Resource Development Program • Drill out of near mine ounces • $3m committed • May to Aug 2016, current proposed mine schedule • Aug to Dec 2016, resource extensions • Focus on: 1. Sandking 2. Missouri 3. LOI (Makai) 4. Callion 5. Riverina • Intended outcomes • JORC 12 compliance • Publish mining st
Slide 10: Exploration: Regional Reconnaissance Program
Exploration: Regional Reconnaissance Program • Objectives – generate new discoveries within the belt • Method – generate regional consistent datasets for: 1:10,000 or 1:5,000 detailed geological outcrop mapping Regional advanced 3D modelling where appropriate Soil Geochemistry – auger drilling
Slide 11: Processing Plant Refurbishment
Processing Plant Refurbishment – Commenced May 16 Site Services ($1m) • Camp, potable water, communications and IT • Completed June 2016 Plant Refurbishment ($1m) • Steel / concrete refurbishment • Cost $1m Plant Upgrade ($13m) – GR Engineering • New gravity circuit & tailings thickener, plus overha
Slide 12: EGS mid tier vs. ASX listed gold peers
EGS mid tier vs. ASX listed gold peers Source: Hartleys Limited, July 2016 12
Slide 13: Appendix
Eastern Goldfields Ltd a i 4 l ‘ 4 L 4 = y Davyhurst | 4 a e oa | APPENDIX
Slide 14: Davyhurst & Waihi Mining Centres
Davyhurst & Waihi Mining Centres 14
Slide 15: Davyhurst & Waihi
Davyhurst & Waihi • New geological models for mineralisaton being developed – focus on LOI complex & Waihi Lode System • Underground evaluation work looks to the system rather than individual lodes • LOI Complex - multiple ore sources with shared existing capital infrastructure • Waihi Lode System -
Slide 16: Lights Of Israel (LOI) Complex – 3D View
Lights Of Israel (LOI) Complex – 3D View LOI Complex Exploration Target 2.8 – 3.0 Mt @ 3.9 - 4.3g/t Au Approximate Past Production LOI Open Pit: 1.8Mt @ 2.67g/t for 155,000 Ounces LOI UG 2.2Mt @ 3.5g/t for 245,000 ounces Note: The potential quantity and grade of the Exploration Targets are conceptua
Slide 17: LOI Mining Centre Exploration Targets – Additional Information
LOI Mining Centre Exploration Targets – Additional Information The Exploration Targets are based upon a comprehensive geological and mineralisation review conducted by Eastern Goldfields Limited. This modelling utilised a combination of exploration drilling data, underground sampling along with deta
Slide 18: LOI Complex – New Drilling Location
LOI Complex – New Drilling Location • Results from Lights of Israel Complex confirm gold mineralisation at Makai and Great Ophir, enhancing underground mining opportunities • LOI Complex located within 1 kilometre of the Davyhurst processing plant • Significant drilling results • 5.5m @ 5.95g/t Au f
Slide 19: Makai Schematic Long Section looking East
Makai Schematic Long Section looking East Note: Results released in ASX announcement dated 10 August 2016 19
Slide 20: Davyhurst - Dexy Prospect
Davyhurst - Dexy Prospect • Encouraging drilling results returned at the Dexy Prospect: 5.00m @ 11.04g/t Au from 65.00m 8.00m @ 2.94g/t Au from 35.00m 6.00m @ 3.08g/t Au from 12.00m 2.00m @ 5.45g/t Au from 20.00m • Dexy mineralisation has been defined over a strike length of greater than 300 metres,
Slide 21: Davyhurst - Dexy Prospect
Davyhurst - Dexy Prospect Dexy Prospect Location Plan Dexy overview plan 21
Slide 22: Davyhurst - Dexy Prospect
Davyhurst - Dexy Prospect Looking North – Oblique Section 6673700N showing mineralised trend Looking North – Oblique Section 6673725N showing mineralised trend Note: Results released in ASX announcement dated 26 May 2016 22
Slide 23: Walhalla North Prospect
Walhalla North Prospect • Encouraging gold results from diamond drilling. • Results confirm the presence of significant mineralisation identified by recent RC drilling. • Potential to provide near term oxide mill feed. • Significant drilling results: • 3.30m @ 5.96g/t Au, including 0.50m @ 30.29g/t
Slide 24: Walhalla North Prospect
Walhalla North Prospect Location Setting, plan view - showing WNP in relation to the Round Dam mineralised trend Plan View – drill hole location plan – Note: Results released in ASX announcements dated 15 June 2016 24 and 18 July 2016
Slide 25: Walhalla North Prospect
Walhalla North Prospect Cross section A-B - Previous results released 15 June 2016 Cross section C-D - Previous results released 15 June 2016 Note: Results released in ASX announcements dated 15 June 2016 and 18 July 2016 25
Slide 26: Walhalla North Prospect
Walhalla North Prospect Cross section E-F - Note: Results released in ASX announcements dated 15 June 2016 and 18 July 2016 26
Slide 27: Callion Location
27 mimi” Callion Location Eastern 120300" Goldfields 20 sve Fao Lid _- ae 6,700,000 6,719,000 6,724,000 690,000 ok DAVYHURST HUB Lode Systems Legend @ _ Near Term Production Source @ Mid Term Production Source © Other DepositsiProspects [Eastern Goldfields Tenement Holdings Callion N Lode Systems 29
Slide 28: Callion Mining Centre
Callion Mining Centre • Historic high grade underground producer • Recent drilling confirms underground mining potential • Significant new drilling results 7.65m @ 9.35g/t Au from 232.05m - Including 2.45m @ 20.67g/t Au (Main Lode) & 2.90m @ 6.35g/t Au 0.30m @ 19.97g/t Au from 191.75m (Hanging Wall
Slide 29: Callion
Callion Callion Cross section 6665360mN, looking NNW showing Callion plan view showing drill hole locations and open pit recent drill results Note: Results released in ASX announcement dated 28 July 2016 29
Slide 30: Callion
Callion Note: The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to slide 29: Callion Explora
Slide 31: Callion Exploration Target - Additional Information
Callion Exploration Target - Additional Information Basis for the Callion Exploration Target: The Exploration Targets were calculated using historic data that was collated by Eastern Goldfields Limited. The data consisted principally of channel sample assays and ore thicknesses and RC and diamond dr
Slide 32: Riverina & Mulline
Riverina & Mulline • Shear hosted vein sets in Basalts and Porphyries, past production approx. 290,000 ozs • Lady Gladys largest historical producer in the field; comprises multiple vein sets • Company has identified similar prospectivity at Peach Tree, Lady Jane North • Multiple geochemical and dri
Slide 33: Riverina & Mulline Section Locations
Riverina & Mulline Section Locations 33
Slide 34: Lady Gladys & Peachtree Exploration Prospect
Lady Gladys & Peachtree Exploration Prospect A B C D Note: Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014. 34
Slide 35: Riverina Main Lode Long Section Looking East
Riverina Main Lode Long Section Looking East E F Note: Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014 . 35
Slide 36: Siberia Mining Centre
36 Eastern Goldfields Ltd Siberia Mining Centre 20200 cud Breve a.) 6,720,000 Legend 5,580,000 6,590,000 700,000 5,710,000 670,000 Siberia Lode Systems 6,560,000 5,650,000, 6640.00 DAVYHURST ry TT DAVYHURST HUB a) Lode Systems @ _ Near Term Production Source @ _ Mid Term Production Source © Other De
Slide 37: Siberia
Siberia • Sulphide shears within Basalt on Ultramafic contact, past production approx. 110,000 ozs • Sand King and Missouri deposits major producers in district • Recent pit mapping has defined mineralisation controls within open cuts and regional setting • Exploration for similar settings along 15k
Slide 38: Siberia – Sand King to Black Rabbit
Siberia – Sand King to Black Rabbit Note: Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014 . 38
Slide 39: Mt Ida
Mt Ida • Gabbro and Basalt shear hosted systems past production approx. 300,000 ozs • High grade existing resource: 317kt @ 13.8g/t • Multiple advanced gold targets present in high grade system 39
Slide 40: Mt Ida
Mt Ida Note: Refer to ASX announcement dated 28 January 2016 for further information. 40
Slide 41: Mt Ida – Bombay Prospect
Mt Ida – Bombay Prospect • Located 7 kilometres north-west of the Mt Ida Mine on the Timoni Trend • Drilling confirms Mt Ida Mine style mineralisation at the Bombay Prospect • Results highlight the potential to delineate further high grade mineralisation 4.00m @ 4.95g/t Au from 6.70m; including 1.00
Slide 42: Mt Ida – Bombay Prospect
Mt Ida – Bombay Prospect Plan View – drill hole location plan Bombay Cross section 6783450mN Note: Results released in ASX announcement dated 29 July 2016 42
Slide 43: Mineral Resources Table
Mineral Resources Table MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) GOLDEN EAGLE 0 0.0 345 2.5 311 2.6 656 2.5 54 LIGHTS OF ISRAEL UNDERGROUND 0 0.0 74 4.3 180 4.2 254 4.2 35 MAKAI SHOOT 0 0.0 1,985 2.0 153 1.7 2,13
Slide 44: Michael Fotios – Executive Chairman
Michael Fotios – Executive Chairman: +61 8 6241 1866 Website: www.easterngoldfields.com.au Michael Fotios – Executive Chairman