Gwr Group Limited · ASX:GWR
Gwr — Golden West Resources — Shareholder Meeting (November 2009)
25 slides from Gwr's shareholder meeting presentation, Nov 26, 2009
Slide 1: News Release: Presentation 2009 Annual General Meeting
NEWS RELEASE 26 November 2009 PRESENTATION 2009 ANNUAL GENERAL MEETING Please find attached the presentation to be made by Managing Director, Mr John Lester, at the Company’s Annual General Meeting today. The presentation sets out the milestones achieved in 2008/09 and explains the Company’s strateg
Slide 2: Golden West Resources Annual General Meeting
Golden West Resources Annual General Meeting 26 November 2009 Perth, Western Australia
Slide 3: Content
Content • Company snapshot • 2009 achievements • The project • The resources • Strategic directions • Milestones • Community
Slide 4: Golden West Resources
Golden West Resources Golden West Resources is an emerging high quality low impurities iron ore company transitioning from an exploration phase towards a pre-production phase 1. Flagship 141 million tonne Inferred and Indicated hematite Resource at 59% Fe at Wiluna West – Western Australia 2. Gold e
Slide 5: Financial Information
Financial Information Issued Securities Ordinary Shares (GWR) 143M Issued Options 28M Capitalisation / Cash Market Cap ($0.95, 25/11/2009) $136M Cash (30/09/09) $16.88M Major Shareholders Cliffs Asia Pacific Iron Ore Pty Ltd 16.96% Fairstar Resources Limited 16.28% Hunan Valin Steel Co Ltd 10.06% Yi
Slide 6: 2009 Achievements
2009 Achievements The 2009 Financial Year has been one of consolidation and focus by your Company with the objective being to advance from an exploration phase into a pre- production phase and beyond… • Resource upgrade • Draft prefeasibility study • Offtake and placement Hunan Valin Steel Co • Meta
Slide 7: 2009 Achievements
2009 Achievements Environment & Native Title • Flora and fauna surveys complete • Native Title Mining Agreement negotiations at advanced stage
Slide 8: Project Location
Project Location The 440km² Wiluna West Project is located approximately 40km west of the township of Wiluna in the North Eastern Goldfields of Western Australia
Slide 9: Iron Resource
Iron Resource Resource Update October 2009 Classification Tonnes Fe % P % Al2O3 % SIO2 % LOI % 1.2 61.9 0.04 2.9 6.5 1.7 Measured Note 42.4 59.7 0.05 2.7 8.0 3.4 Indicated decreasing trend 97.5 58.4 0.06 2.8 9.0 4.0 Inferred Total 141 59 0.06 2.8 8.7 3.8 Project is now large enough to underpin comme
Slide 10: Iron Resource
Iron Resource JORC Resource History 160 Inferred Indicated Measured 1 4 1 .1 140 1.2 120 42.4 JORC Resource (Mt) 100 80 60 123.8 97.5 40 86.3 50.1 20 0 Apr. 07 Oct. 07 Aug. 08 Oct. 09
Slide 11: Gold Resources
Gold Resources Prospect Resource Type Style Tonnage Grade Ounces g/t Au Au Iron Monarch Indicated BIF 140,000 3.0 13,500 Eagle East Indicated BIF 102,000 3.7 12,000 Hawk Indicated BIF 42,000 2.5 3,400 Iron King Indicated BIF 163,000 3.3 17,300 Iron Duke Indicated BIF 143,000 2.6 12,000 Goldfinch Ind
Slide 12: Go Forward Strategy
Go Forward Strategy Together with KPMG, Golden West Resources have established a comprehensive go-forward strategy aimed at creating shareholder wealth Short term strategies • High-grade iron ore production by end of calendar 2010 – Circa 1,000,000 tonnes per annum – Market to other iron ore produce
Slide 13: Go Forward Strategy
Go Forward Strategy Mid-term strategies - Wiluna West • Increase Indicated Resource to 75Mt • Complete Pre-Feasibility Study for flagship project • Move towards DFS and potential production
Slide 14: Go Forward Strategy
Go Forward Strategy Mid-term strategies - Regional • Work with strategic partners to address a Mid-West Infrastructure solution • Identify further iron ore exploration opportunities for joint venture – Grow the Company – Grow the regional resource – Grow the market options
Slide 15: Strategic Directions
Strategic Directions Once lonely . . . . now wanted • 2nd largest emerging DSO producer • Our tonnage critical to develop infrastructure • Our quality in demand
Slide 16: Strategic Directions: Oakajee
Strategic Directions Oakajee • Preferred option for 10Mt+ per annum. Spur or Public Total Port Road Rail (km) (km) (km) Oakajee 230 400 630 Port Hedland 590 420 1010 Esperance 320 650 970
Slide 17: Strategic Directions: Esperance
Strategic Directions Esperance • Preferred option for 1 - 2 Mt per annum. Spur or Public Total Port Road Rail (km) (km) (km) Oakajee 230 400 630 Port Hedland 590 420 1010 Esperance 320 650 970
Slide 18: Time-line
Time-line 141Mt @ Environmental Native Title 59% Fe study agreement completed KPMG Indicated report 42Mt @ 60% Fe NOW Dec 2004 Jan 2006 Apr 2007 Oct 2009 Mining Listed on major iron Maiden Interim Approvals ASX discovery resource Resource Jun 2005 Sep 2006 Aug 2008 Nov 2009 Joyners Find Hematite RC
Slide 19: Community
Community • Employment • Sport • Sustainable Projects • Community Projects
Slide 20: Wiluna Martu Eagles Vs DNJFC
Wiluna Martu Eagles Vs DNJFC 29/8/09
Slide 21: Exploration Camp
Exploration Camp
Slide 22: Wiluna West Landscape
Wiluna West Landscape ay RESOURCES
Slide 23: Wiluna West Landscape
Wiluna West Landscape ay GoldenWest RESOURCES LIMITED
Slide 24: Regulatory and Compliance
Regulatory and Compliance Disclaimer This document contains reference to certain plans of Golden West Resources which may or may not be achieved. The performance and operations of Golden West Resources may be influenced by a number of factors, uncertainties and contingencies many of which are outsid
Slide 25: Thank You
Thank You Copies of 2009 Annual Report available
Golden West Resources — Shareholder Meeting (November 2009) on 6ix