Antilles Gold Ltd · ASX:AAU
Antilles Gold — PanTerra Gold — Investor Presentation (September 2011)
27 slides from Antilles Gold's investor presentation, Sep 19, 2011
Slide 1: Investment Opportunity - PanTerra Gold Limited
Investment Opportunity ASX: PGI PanTerra Gold Limited ~ A near-term gold producer in Latin America g p > = 19 September 2011
Slide 2: PanTerra Gold Limited Facts and Share Price Performance
PanTerra Gold Limited FACTS SHARE PRICE PERFORMANCE Share price (12 September 2011) $0.18 $ 0.20 Fully paid shares (million) 560.4 Listed options (million) (15¢ 31/12/2011) 172.2 0.15 Unlisted options – Macquarie Bank (million) (10¢ 15/10/2012) 17.5 Unlisted options – Macquarie Bank (million) (15¢ 1
Slide 3: Company Background
Company Background • PGI listed on the ASX in 2006 with the aim of establishing itself as a gold and silver producer • primary focus on mining in Latin America, and utilisation of Xstrata Technology’s Albion oxidation process for treatment of refractory ores • activities currently concentrated on Do
Slide 4: Project Overview
Project Overview • PGI is currently working on two projects with planned near term gold production, and four exploration concessions with open pit development potential: TARGET TARGET PRODUCTION TARGET PROJECT PROJECTS COUNTRY OPERATION OWNERSHIP Oz Year COMMISSIONING LIFE Las Lagunas Dominican Repr
Slide 5: Las Lagunas Gold Tailings Project, Dominican Republic
Las Lagunas Gold Tailings Project, Dominican Republic • development agreement signed with Dominican Government in 2004 to reprocess its Las Lagunas tailings deposit under profit sharing arrangement • tailings resulted from inefficient gold recovery by Government-owned Pueblo Viejo mine processing re
Slide 6: Las Lagunas Tailings Dam, Dominican Republic
• discrete deposit 5.137mt of high grade tailings (3.8g/t Au and 38.6g/t Ag) • dam contains JORC Indicated Resource of 621,000 oz Au and 6,378,000 oz Ag • JORC Resource reconciles with Pueblo Viejo mine’s metallurgical records Las Lagunas Tailings Dam, Dominican Republic 19 September 2011 5
Slide 7: Las Lagunas Tailings Dam – Trial Mining
Las Lagunas Tailings Dam – Trial Mining 19 September 2011 6
Slide 8: Las Lagunas Plant Site – Overview
Las Lagunas Plant Site – Overview 19 September 2011 7
Slide 9: IsaMill and oxidation tanks
IsaMill and oxidation tanks 19 September 2011 8
Slide 10: Ball mill and piperack
Ball mill and piperack 19 September 2011 9
Slide 11: Oxygen Plant
Oxygen Plant 19 September 2011 10
Slide 12: Las Lagunas Key Statistics & Assumptions – Financial Analysis
Las Lagunas Gold Tailings Project Key Statistics & Assumptions – Financial Analysis PanTerra Gold Ownership 100% Total Project Cost US$82.0m PanTerra Gold Contribution to Project (including capitalised interest) US$37.0m Macquarie Bank Funding - Project Loan US$37.5m - Advance against 3% Gold Royalt
Slide 13: Azuay Gold Project Ecuador
Azuay Gold Project Ecuador 19 September 2011 12
Slide 14: Azuay Gold Mining Project, Ecuador
Azuay Gold Mining Project, Ecuador • PGI holds an option to purchase the 2200ha San Gerardo concession in Southern Ecuador for US$4.0 million, exercisable by November 2013 • the concession covers seven small-scale high grade underground mines (+10g/t Au) and six identified open pit prospects, one of
Slide 15: Azuay Project
Azuay Project • PGI will undertake a surface drilling program to confirm this expectation following receipt of environmental approvals due November/December 2011, in advance of a development decision Q1 2013 • proposed to construct a process plant combining gravity, CIL and oxidation circuits, 7km f
Slide 16: Azuay Project Key Statistics and Assumptions – Scoping Study
Azuay Project Key Statistics and Assumptions – Scoping Study PanTerra Gold Ownership 100% Total Project Cost US$87m PanTerra Gold Contribution to Project US$27m Financing - Project Loan US$50m - Gold Royalty US$10m Mining Target 4.0 Mt Project Life 12 years Annual Mining Rate (after 12 months ramp u
Slide 17: Azuay Project - Exploration
Azuay Project - Exploration 19 September 2011 16
Slide 18: San Gerardo Concession Ecuador
San Gerardo Concession Ecuador 19 September 2011 17
Slide 19: Potential Earnings & Gold Production
Potential Earnings & Gold Production POTENTIAL AFTER TAX PROFITS (5 yrs) Notes: PROJECT US$m 2012 2013 2014 2015 2016 (i) based on construction completion LAS LAGUNAS (100%) (i) 161.4 27.9 43.8 31.5 30.5 27.7 December 2011, first gold pour March AZUAY (100%) (ii) 112.5 33.4 39.2 39.9 2012 UNALLOCATE
Slide 20: Capital Requirements
Capital Requirements FUNDING COMMITMENTS (5 yrs) Notes: US$m 2012 2013 2014 2015 2016 (iv) US$2 million expended in 2011 DEVELOPMENT COSTS – AZUAY (iv) 25.0 5.0 20.0 (v) deferred payment for acquisition of ACQUISITIONS (v) 8.1 4.1 4.0 minority interest in Las Lagunas project (US$4.1m December 2012)
Slide 21: Prospects – San Gerardo, Ecuador
Prospects San Gerardo Prospect – Ecuador • option until November 2013 to purchase 2200 ha concession in Southern Ecuador for US$4.0 million (to be costed to Azuay project) • located at the centre of proven gold province hosting reported resources (measured, indicated and inferred) to Canadian NI43-1
Slide 22: Prospects – La Yagua and Novus Gold agreement
Prospects • PGI has signed an Agreement with Vancouver-based Novus Gold Corp (TSX-V: NOV) to farm-in to two highly prospective concessions in Dominican Republic, La Yagua and La Pacienca • the Agreement permits PGI to earn up to 50% shareholding in the holding company for the two concessions by the
Slide 23: Prospects – La Paciencia and Fuerte
Prospects La Paciencia - Dominican Republic • 8,600 ha concession located 10km west of the Pueblo Viejo gold deposit (+25 million oz) being developed by Barrick/Goldcorp • underlain by same geology in Los Ranchos formation as Pueblo Viejo • initial exploration will focus on soil sampling and geophys
Slide 24: Prospects – Trujillo, Peru
Prospects Trujillo - Peru • located in La Libertad Province, northern Peru • proposed development of a commercial Albion/CIL process plant which can treat sulphide concentrates from operations in the surrounding region with initial capacity aimed at 100,000 oz gold per year • if it proceeds, the pro
Slide 25: Executive Directors & Senior Management
Executive Directors & Senior Management Brian Johnson – Executive Chairman Mr Johnson is a civil engineering graduate from the University of Western Australia with extensive experience in the construction and mining industries in Australia, South East Asia and North America. Mr Johnson has been inst
Slide 26: Competent Person Statement
Competent Person Statement Las Lagunas, Dominican Republic The information in the report that relates to Indicated Resources is based on information compiled by Rick Adams, BSc MAusIMM MAIG, Director Geological Resource Services who is a consultant to PanTerra Gold Limited. Mr Adams is a Member of t
Slide 27: Contacts
Contacts Mr Brian Johnson Mr James Tyers Executive Chairman Executive Director Email: brianjohnson@PanTerra Gold.com Email: jamestyers@PanTerra Gold.com Ph: +61 2 4861 1740 Ph: + 61 2 4861 1740 Fax: +61 2 4861 7665 Fax: + 61 2 4861 7665 19 September 2011 26
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