Asara Resources Limited · ASX:AS1
Asara Resources — Investor Presentation (January 2024)
28 slides from Asara Resources's investor presentation, Jan 19, 2024
Slide 1: ASX Announcement: Investor Presentation
ASX ANNOUNCEMENT 19 January 2024 Investor Presentation Asara Resources Limited (ASX: AS1; Asara or Company) is pleased to advise to provide a copy of the investor presentation that Managing Director, Tim Strong will be giving with Sterling Merchant Capital in Kelowna, BC, Canada. -ENDS- Contact Info
Slide 2: Advancing a Major Oxide Gold Project in Guinea's Prolific Siguiri Basin
Advancing a Major Oxide Gold Project in Guinea’s Prolific Siguiri Basin ASX:AS1 January 2024 1
Slide 3: Disclaimer / Forward-looking Statements Competent Person Statement
ASX:AS1 Disclaimer / Forward-looking Statements Competent Person Statement The information in this report relating to previous exploration results and Mineral Resources are extracted from the announcements: Kada This presentation has been prepared by Asara Resources Limited (ABN 39 006 710 774) (“As
Slide 4: Investment Highlights
ASX:AS1 Investment Highlights VALUABLE FLAGSHIP GOLD PROJECT AT KADA ▪ Inferred and Indicated Mineral Resource of 0.9Moz1, predominantly oxide; excellent initial metallurgical & mining attributes ▪ Highly prospective targets identifed at Massan and Bereko ▪ Strategically located in the center of the
Slide 5: Flagship Project: West Africa
ASX:AS1 Flagship Project: West Africa Guinea Kada Gold Project 4
Slide 6: Welcome To West Africa's New Gold Rush
ASX:AS1 Operating in Guinea Welcome To West Africa’s New Gold Rush ▪ Population: 13.53 million (2021) ▪ Area: 245,857km2 ▪ Low security risk ▪ Mining is 21% of GDP & 84% of export earnings ▪ ~18% of West African gold production at present AS1 Permits ▪ Siguiri Basin is a prolific gold region yet rem
Slide 7: Compelling Flagship Kada Oxide Gold Project in Guinea
ASX:AS1 Key Highlights Compelling Flagship Kada Oxide Gold Project in Guinea ▪ Inferred/Indicated Mineral Resource: 30.3Mt at 0.95 g/t gold for 923Koz1 ▪ 24% of Current Mineral Resource Estimate Area (MRE) (224Koz) is classified as Indicated ▪ 40% of Current Oxide Mineral Resource Estimate Area (158
Slide 8: Strategically Located in the Heart of the Siguiri Basin
ASX:AS1 KADA GOLD PROJECT, GUINEA | 51% earning 75% Strategically Located in the Heart of the Siguiri Basin ▪ Located 35km along strike from AngloGold Ashanti’s +10Moz1 Siguiri Mine (12Mtpa) ▪ Ex-Newmont project (2007-2012); 39km of drilling ▪ Mineralisation similar to gold mineralisation at the Sig
Slide 9: Upgraded Massan Mineral Resource
ASX:AS1 KADA GOLD PROJECT, GUINEA Upgraded Massan Mineral Resource Gold Tonnes Grade Metal ▪ Inferred & Indicated Mineral Resource Estimate: 29.7Mt at 0.95g/t gold for 906Koz contained gold1 Cut-Off (Mt) (g/t Au) (oz Au) Grade ▪ 59% shallow oxide-transitional gold (536Koz @ 1.0 g/t gold) 0.35 44.1 0
Slide 10: Massan Mineral Resource
ASX:AS1 KADA GOLD PROJECT, GUINEA Massan Mineral Resource ▪ Shallow, central oxide core (319Koz @ 1.03g/t gold – 40% indicated) Mineral Resource open along strike and at depth ▪ Current Mineral Resource based on 42 DD holes; 199 RC holes (27,219m) ▪ Potential to increase tonnage with further specifi
Slide 11: Immediate Oxide Gold Upside (Massan Prospect)
ASX:AS1 KADA GOLD PROJECT, GUINEA Immediate Oxide Gold Upside (Massan Prospect) ▪ North, south, east and west of the Mineral Resource ▪ Intersections of 15m @ 1.4g/t gold in TRC011 & 5m @ 2.1g/t gold in KRC064, within 150m of MRE ▪ Potential for significant growth by levelling the pit floor with add
Slide 12: Major Gold Corridor Offers Exceptional Regional Oxide Upside
ASX:AS1 KADA GOLD PROJECT, GUINEA Major Gold Corridor Offers Exceptional Regional Oxide Upside ▪ Significant potential for additional oxide gold mineralisation outside the Mineral Resource area especially to the north ▪ 46,078m (4,234 holes) auger drilling completed to test beneath the laterite ▪ 15
Slide 13: Clear Pathway to >1m Ounces
ASX:AS1 KADA GOLD PROJECT, GUINEA Clear Pathway to >1m Ounces ▪ Bereko Prospect – Current 16,000 ounces oxide and transitional - Only 300m of 5.5km strike length drilled out ▪ Upside potential of 300,000 ounces based on current strike length, likely more ▪ Central Projects – excellent gold values in
Slide 14: Bereko Prospect
ASX:AS1 KADA GOLD PROJECT, GUINEA Bereko Prospect ▪ Inferred resource of 0.58Mt @ 0.94 g/t gold for 18Koz ▪ Open in all directions ▪ 9km north of Massan resource area ▪ Strong bedrock gold anomalies with combined strike length >5.5km: (MRE only covers 400m of anomaly so far - 7 ▪ Gold-bearing stockw
Slide 15: Central Projects
ASX:AS1 KADA GOLD PROJECT, GUINEA Central Projects ▪ 5.5km north of the Massan Mineral Resource area ▪ Air core in 2023 returned multiple mineralised holes, including 22m @ 0.9 g/t gold in SDAC0131 ▪ Trenching and further drilling planned to expand open mineralisation ▪ Mapping, trenching and furthe
Slide 16: Sounkou Prospect
ASX:AS1 KADA GOLD PROJECT, GUINEA Sounkou Prospect ▪ 13km SW of the Massan Mineral Resource area ▪ Rare outcrop of bedrock in river channel ▪ Gold-bearing stockwork veins exposed in bedrock ▪ Rockchip samples up to 9.8g/t gold ▪ Maiden RC drilling returned results including 17m @ 1.3 g/t gold1 ▪ Map
Slide 17: Nounkoun Prospect
ASX:AS1 KADA GOLD PROJECT, GUINEA Nounkoun Prospect ▪ 8.5km south of the Massan Mineral Resource area ▪ Abundance of tourmaline rich volcanic breccias ▪ Rockchip samples up to 3.03 g/t gold1 ▪ Mapping, trenching and further drilling planned to follow up initial RC results 1. ASX Release – Aircore dr
Slide 18: Attractive Attributes for Mining
ASX:AS1 KADA GOLD PROJECT, GUINEA Attractive Attributes for Mining ▪ Shallow, broad, oxide-transitional mineralisation suitable for open pit mining (low stripping) ▪ Soft material, potentially free-digging (low-cost mining) ▪ Positive scoping-level metallurgical testwork: - Free-milling with high-go
Slide 19: Kouri Gold Project: Gold Resource 2 Million Oz Gold
KOURI GOLD PROJECT ASX:AS1 BURKINA FASO | 100% Owned Gold Resource 2 Million Oz Gold ▪ Area of 242km2 (highly prospective Samira Hill Shear Zone) ▪ 77km drilling (reverse circulation and diamond) ▪ Indicated and Inferred Mineral Resource (Oct 2020): - 50 million tonnes at 1.3g/t for 2Moz gold1 - 0.5
Slide 20: Paguanta: Critical Metals Near-term Mine Development Opportunity
ASX:AS1 PAGUANTA SILVER-ZINC-LEAD & COPPER PROJECT CHILE | 73% Owned Critical Metals Near-term Mine Development Opportunity ▪ Historical silver mine ▪ Epithermal silver-zinc-lead and porphyry copper mineralisation ▪ 46,700m drilling (diamond, reverse circulation) ▪ Partial feasibility study complete
Slide 21: Loreto Copper Project: Current Partnership with Teck
LORETO COPPER PROJECT ASX:AS1 CHILE | 100% Owned Strong Partner Current Partnership with Teck ▪ World-class porphyry copper address ▪ Untested 2.3km x 1km alteration centre ▪ Potential to host a deeper copper porphyry ▪ Teck can earn 75% by paying Asara US$0.6 million cash & spending US$17 million o
Slide 22: ESG & Community Initiatives
ASX:AS1 ESG & Community Initiatives Empowering Locals Through Economic Development Committed to Local Economic Development Locals are stakeholders – where possible, we employ local staff, engage local services, and buy or hire local products Improving Community Infrastructure We invest in repairing
Slide 23: Generation of further ounces
ASX:AS1 Path Forward Generation of further ounces KADA LICENCE-WIDE EXPLORATION Mapping and Trenching of Early-stage Targets ▪ Mapping and Trenching at Sounkou ▪ Aircore and RC drilling at Nounkoun and Sadan RC and AC drilling of Early-stage Targets ▪ RC and definition drilling at Bereko South ▪ Ini
Slide 24: Corporate & Management Overview
ASX:AS1 Corporate & Management Overview Capital Structure Top 20 66.95% Major Shareholders A$12.06M A$1.27M Capital DI 17.42% Enterprise Value Cash Balance (Oct 2023) BPM Investments 7.32% Jetosea Pty Ltd 6.49% A$10.3M 792.7M 49.6M Market Cap at A$0.012/Share Shares on Issue Unlisted Options Board &
Slide 25: Join our shareholder community
ASX:AS1 Join our shareholder community TIM STRONG Managing Director Asara Resources | ASX : AS1| FRA : ALM asararesources.com +61 8 6374 2654 info@asararesources.com Suite 1, 130 Hay Street, Subiaco WA 6008 AUSTRALIA ABN: 39 006 710 774 This presentation was authorised for release to the ASX by the
Slide 26: Appendix 1: Kada Mineral Resource
ASX:AS1 Appendix 1: Kada Mineral Resource Measured Indicated Inferred Total Material Deposit Tonnes Gold Tonnes Gold Tonnes Gold Tonnes Gold Gold Type Mt g/t Mt g/t Mt g/t Mt g/t Ounces Oxide - - 4.6 1.07 7.28 0.93 11.88 0.99 377,000 Transitional - - 1.07 0.88 3.8 0.91 4.94 0.90 143,000 Massan Fresh
Slide 27: Appendix 2: Kouri Mineral Resource
ASX:AS1 Appendix 2: Kouri Mineral Resource Measured Indicated Inferred Total Material Type Tonnes Gold Tonnes Gold Tonnes Gold Tonnes Gold Gold Mt g/t Mt g/t Mt g/t Mt g/t Ounces Oxide - - 0.5 1.4 2.7 1.3 3.2 1.3 130,000 Transitional - - 0.6 1.2 2.7 1.3 3.4 1.3 140,000 Fresh - - 5.9 1.4 38 1.2 43 1.
Slide 28: Appendix 3: Paguanta Mineral Resource
ASX:AS1 Appendix 3: Paguanta Mineral Resource Resource Measured Indicated Inferred Total Tonnes Zn (%) Pb (%) Ag (g/t) Au (g/t) Zn Eq (%) Ag Eq (g/t) Category Material Type Tonnes Gold Tonnes Gold Tonnes Gold Tonnes Gold Gold Measured (M) 490,000 5.5 1.8 88 0.3 Mt g/t Mt g/t Mt g/t Mt g/t Ounces Ind
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