Eastern Goldfields, Inc. · OTC:EGDD
Eastern Goldfields — Investor Presentation (May 2016)
33 slides from Eastern Goldfields's investor presentation, May 2016
Slide 1: Investor Presentation May 2016
For personal use only London and New York Investor Presentation May 2016 Michael Fotios – Executive Chairman
Slide 2: Competent Persons Statement
Competent Persons Statement • For personal use only The information in this Announcement that relates to Exploration Results, Exploration Targets and Mineral Resources is based on, and fairly represents, information and supporting documentation compiled by or under the supervision of Mr Andrew Czerw
Slide 3: Corporate Overview
For personal use only Corporate Overview ASX Code EGS Issued Capital Shares 489,531,151 Share Price Current $0.28 Market Capitalisation ~$137m Cash in bank Current balance ~$19m Issued Capital and Cash in bank figure as at 25 May 2016 Michael Fotios, Executive Chairman Board Alan Still, Non-Executiv
Slide 4: Investment Highlights
For personal use only Investment Highlights • AUD $25m+ raised under Prospectus, with $2.5m of subsequent oversubscriptions, company now debt free 1 Turnaround complete • Securities reinstated to trade on ASX 24 March 2016 • Michael Fotios, Executive Chairman, also largest shareholder (approx. 40% h
Slide 5: Project Overview
Project Overview • Large ground holding along Mt Ida & For personal use only Zuleika structures, containing multiple mining centres: • Siberia • Davyhurst (LOI) • Callion • Waihi • Mulline/Riverina • Mt Ida • Each centre hosts multiple o/p and u/g opportunities • Near term production ounces sourced
Slide 6: Dual Hub Approach
For personal use only 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
Slide 7: Extensive database of historic drill results (News flow)
Extensive database of historic drill results (News flow) • Re-release of all significant historic drill results by Mining Centre For personal use only 1. Siberia 2. Davyhurst - Lights of Israel Mine (LOI) includes LOI, Makai and Great Ophir (GO) Lodes 3. Callion 4. Waihi 5. Mulline/Riverina 6. Mt Id
Slide 8: Resource Development Strategy
For personal use only Resource Development Strategy • Three pronged approach to expanding the resource base: 1• Existing open pit targets: • Sand King, Missouri, Riverina and Mulline (laterites then oxide) 2• Underground potential: • Largely overlooked by previous owners • Key focus moving forward •
Slide 9: Davyhurst Hub - In Situ Infrastructure
For personal use only Davyhurst Hub - In Situ Infrastructure 1.2Mtpa processing facility Mains Power via the Goldfields grid & back up diesel 180 person camp and associated buildings at Davyhurst 60 person camp at Mt Ida Water supplied from existing borefields Haul roads – established
Slide 10: Davyhurst Hub - Mine Development Plan
For personal use only Davyhurst Hub - Mine Development Plan • Planned open pit operations at Sand King and Missouri • Reopen Lights of Israel decline – Makai Lode then moving to LOI and GO Lodes • Riverina open pit – initially targeting oxide feed stocks • Callion open pit cut back, re-establish por
Slide 11: Processing Plant Refurbishment – Commence May
For personal use only Processing Plant Refurbishment – Commence May 16 Site Services ($1m) • Camp, potable water, communications and IT • Completion expected June 2016 Plant Refurbishment ($1m) • Concrete refurbishment & coating • Steel sand blasting, refurbishment & painting Plant Upgrade ($1
Slide 12: Davyhurst Hub Development Timeline
For personal use only Davyhurst Hub 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
Slide 13: ResDev Program
ResDev Program Drill out of near mine ounces ($3m) For personal use only • May to Aug 2016, current proposed mine schedule • Aug to Dec 2016, resource extensions Focus on: 1. Sand King - Open Pit 2. Missouri - Open Pit 3. LOI - Decline (Makai, LOI & Great Ophir shoots) 4. Golden Eagle Undergound
Slide 14: Davyhurst & Waihi Mining Centres
For personal use only Davyhurst & Waihi Mining Centres 14
Slide 15: Davyhurst & Waihi
For personal use only Davyhurst & Waihi • New geological models for mineralisation being developed – LOI complex a focus & Waihi Lode System • Underground evaluation work looks to the system rather than individual lodes • LOI Complex - multiple ore sources with shared existing capital infrastructure
Slide 16: Lights Of Israel (LOI) Complex – 3D View
For personal use only Lights Of Israel (LOI) Complex – 3D View LOI Open Pit GO Open Pit Makai Exploration Target (Supported by drilling) Makai Exploration Target (untested by drilling) Great Ophir Exploration Target (Supported by drilling) LOI Exploration Target (limited drill support) Great Ophir E
Slide 17: LOI Mining Centre Exploration Targets – Additional Information
LOI Mining Centre Exploration Targets – Additional Information For personal use only 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 sa
Slide 18: Riverina & Mulline Mining Centres
For personal use only Riverina & Mulline Mining Centres 18
Slide 19: Riverina & Mulline
Riverina & Mulline For personal use only • 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 • Multip
Slide 20: Riverina & Mulline Section Locations
For personal use only Riverina & Mulline Section Locations 20
Slide 21: Lady Gladys & Peachtree Exploration Prospect
Lady Gladys & Peachtree Exploration Prospect A B For personal use only C D Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014. 21
Slide 22: Riverina Main Lode Long Section Looking East
For personal use only Riverina Main Lode Long Section Looking East E F Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014 . 22
Slide 23: Callion Location
23 For personal use only Callion Location
Slide 24: Callion Mining Centre
For personal use only Callion Mining Centre • High grade underground producer • Underground mining potential remains • Exploration potential • Down plunge continuations • Parallel lode structures • Repetitions along strike 24
Slide 25: Callion
For personal use only Callion Note: The potential quantity and grade of the Exploration Targets are 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 A
Slide 26: Callion Exploration Target - Additional Information
Callion Exploration Target - Additional Information For personal use only 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
Slide 27: Siberia Mining Centre
For personal use only Siberia Mining Centre 27
Slide 28: Siberia
For personal use only 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 simi
Slide 29: Siberia – Sand King to Black Rabbit
For personal use only Siberia – Sand King to Black Rabbit Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014 . 29
Slide 30: Exploration: Regional Reconnaissance Program
Exploration: Regional Reconnaissance Program • Objectives – generate new discoveries within the belt For personal use only • Method - Generate regional consistent (leveled) datasets including: 1:10,000 or 1:5,000 detailed geological outcrop mapping Regional advanced 3D geological modelling where
Slide 31: Investment Highlights
Investment Highlights For personal use only • Proven track record in exploring, developing, financing and operating gold projects 1 Board & Management • Michael Fotios, Chairman, also largest shareholder (approx. AUD $30m invested) • Resource base of 1.5Moz at an average grade of 2.5 g/t1 2 1.5M oz
Slide 32: For personal use only
For personal use only Michael Fotios – Executive Chairman: +61 8 6241 1866 Website: www.easterngoldfields.com.au Michael Fotios – Executive Chairman
Slide 33: Mineral Resources Table
Mineral Resources Table MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT For personal use only ('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
Eastern Goldfields — Investor Presentation (May 2016) on 6ix