Gibb River Diamonds Limited · ASX:GIB
Gibb River Diamonds — Investor Presentation (August 2020)
27 slides from Gibb River Diamonds's investor presentation, Aug 31, 2020
Slide 1: Investor Presentation: Edjudina Gold Project, Ellendale Diamond Project
Investor Presentation Edjudina Gold Project Ellendale Diamond Project Western Australia
Slide 2: GIB is an ASX listed Gold & Diamond Exploration and Development Company
GIB is an ASX listed, Gold & Diamond Exploration and Development Company ASX Code: GIB Total Shares on Issue 179,079,445 % of Major Shareholders Shares Capital Market Capitalisation (undiluted at $0.057 $10.2 M Jim Richards 35,349,735 19.7 per share) Other Directors 9,073,888 5.1 Cash on Hand (30 Ju
Slide 3: Executive Chairman & Board has extensive gold & diamond experience
Executive Chairman & Board has extensive gold & diamond experience Mr. Jim Richards Executive Chairman Geology degree from London University 26 years experience in mining and exploration Extensive diamond and gold mining experience in South America and Australia Floated United Kimberley Diamonds in
Slide 4: Edjudina Gold Project (option to purchase 100%)
Edjudina Gold Project (option to purchase 100%) Eastern Goldfields, Western Australia • Maiden drilling program in early September 2020 • Multiple parallel lines of nearly continuous historic gold workings over 13km • Historic production figures for the Edjudina field are 39,476 ounces of gold at a
Slide 5: Edjudina Gold Project - Drill Targets
Edjudina Gold Project - Drill Targets • Drill Targets Include: Areas of historic mine workings Areas covered by alluvium/colluvium Targets indicated by previous exploration work Bulk tonnage and high grade veins En-echelon vein systems • GIB float sampling confirmed high grades to 12.7 g/t Au • The
Slide 6: Edjudina Gold Project – Historic Workings
Edjudina Gold Project – Historic Workings Upcoming drill campaign includes targeting of historic workings Edjudina Gold Project: some of the historic gold workings which extend for over 13km of strike Sample ER006, taken by GIB; sheared sericite-hematite- limonite-quartz vein; 12.7 g/t Au 6
Slide 7: Ellendale Diamond Project (GIB 100%)
Ellendale Diamond Project (GIB 100%) Kimberley, Western Australia 7
Slide 8: Ellendale Diamond Project: Previous company market capitalisations
Ellendale Diamond Project Previous company market capitalisations Same ground - new start 2006 May: KDC & Blina Diamonds NL = $690m 2007 July: Gem Diamonds takeover KDC = $300m 2020 Feb: Gibb River Diamonds = $10m GIB 100%: Ellendale 9 Diamond Mine 8
Slide 9: Ellendale Project Area map
680 000mE Northern Territory South Australia | Western Australia LEGEND [] Gibb River Diamonds Ellendale Project Area [-] Mining Tenements vl> Target Areas = Open Pit Diamond Mine Alluvials: Blina, Terrace 5, E9 & A Channel Ellendale Lamproites ~~] Section 19 Reserve 1 MGA Zone 51 700 000mE 8 060 00
Slide 10: Diamond valuation: US$389 per carat (A$525 per carat)
Diamond prices of Ellendale 9 sourced diamonds at Blina Diamond valuation: US$389 per carat (A$525 per carat) • US$389 per carat valuation of a parcel of 1,497 carats of diamonds from the Blina Alluvial Prospect • Diamonds hard rock source was primarily the Ellendale 9 lamproite • This is the most r
Slide 11: Hard rock potential & existing stockpiles
Hard rock potential & existing stockpiles Early restart opportunities E4 & E9 Dredging E4 and E9 pits Underground/Cut backs to access existing mineralisation below pits, especially at E9 east E9 Lights: float discards from the plant, weathering liberation of diamonds E4 ROM pad pick ups and stockpil
Slide 12: Ellendale 4: Multiple stockpiles
Ellendale 4: Multiple stockpiles Weathering & processing, Satellite Pipe (unmined) • Lidar survey for volumes of material on ROM pad • Grade estimates using existing data • Evaluation of development potential • E4 Satellite Pipe (8 hectares, unmined), extensive previous drilling • A Channel alluvial
Slide 13: Ellendale yellow diamond targets
Ellendale 9 yellow diamond targets Hard rock, alluvials and lights (process floats) 13
Slide 14: Alluvials: JORC High grade Exploration Target
Alluvials: JORC High grade Exploration Target • 700,000 to 1,000,000 cubic metres • 2.3 to 4.1 carats per cubic metre • 1.6 to 4.1 million carats diamonds The potential quantity and grade of this Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Minera
Slide 15: Ellendale West & East Channels
Ellendale 9 West & East Channels Trial mining & large untested areas 1 cm Diamonds from E9 East alluvials. High proportion of large stones and Fancy Yellows. Largest stone is 9.06 carat Yellow gem (photo: JB Ward) 15
Slide 16: E9 West Alluvials Trial mining
E9 West Alluvials Trial mining Mining at the E9 West alluvial Channel was suspended when KDC went into administration in 2015, leaving broad areas of high sampled grades (up to 41.6 carats per hundred cubic metres (cphm3)), unmined and some pre-stripped 16
Slide 17: Ellendale’s Blina Alluvial Prospect: Fully Permitted to Mine
Ellendale’s Blina Alluvial Prospect: Fully Permitted to Mine Shallow, simple & low cost 17
Slide 18: Ground Penetrating Radar has delivered hundreds of new high grade targets at Blina
Ground Penetrating Radar (GPR) has delivered hundreds of new high grade targets at Blina Example: Target 3 Original pit tested in the wrong place GPR shows better (deeper) channel target 18
Slide 19: Blina Alluvials Bulk Testing & Trial Mining
Blina Alluvials Bulk Testing & Trial Mining • Fully permitted to mine - ‘Shovel Ready’ • Previous production of 1,421 carats • GPR defined channels average grade of 6.8 cphm3 • ‘High grade’ GPR targets • Blina alluvials diamond valuation US$389/carat 19
Slide 20: Blina Project
Blina Project • Targets (red dots) • New Ground Penetrating Radar bonanza grade targets in diamond bearing channels • Shovel Ready to commence bulk testing, leading to trial mining of the best grades 20
Slide 21: Blina Alluvials: GIB trenching work has confirmed extensive, shallow gravel discoveries
Blina Alluvials: GIB trenching work has confirmed extensive, shallow gravel discoveries New gravel discoveries include excellent bedrock trap-sites 21
Slide 22: Project is fully permitted - ‘Shovel Ready’
Blina alluvial mining: free-dig, shallow, low-cost Project is fully permitted - ‘Shovel Ready’ Targets Phase 1: Phase 2: gravels only Commission plant Trial mining of 0.3 to 6 & commence bulk best grades metres deep sample diamond recovery Blina Diamonds NL mining alluvials in 2007 22
Slide 23: And we have processing facilities - ready to go
And we have processing facilities - ready to go Diamond processing plant: 100% owned by GIB - No Chemicals, No Crushing Feed Trommel bin - 40 m3 chute per hour Secure Diamond Rotary diamond Recovery twin recovery Sortex screen Machine box unit 23
Slide 24: 2021 timeline for Bulk Sampling & Trial Mining
2021 timeline for: Bulk Sampling & Trial Mining Timeline Activity 2021 Raise capital/Equity Partner Build Camp, waterbore, sheet roads, construct Tailings Mar-April Storage Facility, siteworks, ROM pad Construct and commission Apr-June Plant, recover diamonds Bulk sample and treat 100 Alluvial diamo
Slide 25: We need working capital to commence diamond recovery operations
We need working capital to commence diamond recovery operations $2.5 million to commission plant & conduct four months CAPEX OPEX Total bulk sampling diamond recovery work on 100 samples at Blina This can be raised as equity in shares, A$ 1,000,000 A$ 1,500,000 A$ 2.5 million project equity or debt
Slide 26: Disclaimer
This presentation is an overview of the Company prepared with good intention. It is not a prospectus and offers no securities for subscription or sale in any jurisdiction, nor a securities recommendation. All information necessary for investment decisions is not contained herein and investors are en
Slide 27: Contact us
Contact us for more on: Edjudina – Gold Ellendale - Diamonds Western Australia ASX Code: GIB 27
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