Slide 1: A Southern African Focused Mining Company
For personal use only A Southern African Focused Mining Company May 2014 ACN 124 354 329 1 Prospect Resources
Slide 2: Disclaimer & JORC Notice
For personal use only Disclaimer & JORC Notice The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd (“Prospect Resources or the Company”) or its respective employees, agent
Slide 3: Corporate Snapshot
Corporate Snapshot Summary – May 2014 For personal use only •ASX Code: PSC •Shares on issue: 604 m* •Options (1.5c ex): 142 m •Share Placement Price : 1.0c •Market Cap at Completion: $6 m •Cash: ~ $350k * Post issue of shares to Continental Minerals & Directors (share placement at 1c per share) as a
Slide 4: Strategy
Strategy • Build a Southern African focused mining Company For personal use only • Build the most competent African Mining Team available to a junior miner • Use our local team’s detailed knowledge of Zimbabwe and its surrounding countries to target geological regions of interest; • Target mine owne
Slide 5: Prestwood: Drilling Confirms Gold Mineralisation
Prestwood: Drilling Confirms Gold Mineralisation • Maiden drill programme confirm gold mineralised Prestwood Reef continues under old For personal use only workings – Five of the six holes drilled have intersected the Prestwood Reef down dip of the historic mine workings, to 195m below surface. – Dr
Slide 6: Prestwood: Future Exploration
Prestwood: Future Exploration • Recent ground magnetics have For personal use only identified multiple parallel structures adjacent to the Prestwood Mine - a number of these reefs are being mined artisanally. • Next drill programme (underground) to test for mineralised parallel structures • Next sur
Slide 7: Exec Management & Board of Directors
Exec Management & Board of Directors • Duncan (Harry) Greaves (48) Executive Director Mr Greaves is a 4th generation Zimbabwean and a For personal use only resident of Zimbabwe. He holds a B.Sc (agriculture) from University of Natal. He is the founding shareholder of Farvic Consolidated Mines (Pvt)
Slide 8: Senior Management & Advisors
Senior Management & Advisors • Chris Rees (45) Chief Operating Officer Chris Rees is a Zimbabwean based Project Manager and For personal use only Engineer with experience of building and operating mines in the Southern African region, especially Zimbabwe. He has worked with large corporates like IAM
Slide 9: Corporate Structure
Corporate Structure Prospect Resources Ltd For personal use only 100.0% Prospect Resources Pte Limited Farvic Consolidated Mines (Pvt) Ltd Zimbabwe Investment Authority Approved Certified Zimbabwean Indigenous Company (“Prospect Singapore”) (“Farvic”) 70% 30% Hawkmoth Mining & Exploration (Pvt) Ltd
Slide 10: Recent Acquisitions
Recent Acquisitions • Greater Farvic Farm-in and Prestwood Project For personal use only – Includes a number of historic gold mines including Prestwood Mine (499kg of gold at 33.1g/t), the Sally Mine (756kg of gold at 6.9g/t), the Colleen Bawn Mine (1,063kg of gold at 15.1g/t) and the Valley Mine (1
Slide 11: First Acquisitions
First Acquisitions • Bushtick Project - Old Workings & Exploration For personal use only – Historic underground production of 15,000kg of gold (~470,000oz) at 5.4g/t cut-off – Mine closed due to lack of water in 1950’s – Part of the Bulawayo Greenstone Belt • Penhalonga Project – Old Workings & Expl
Slide 12: Location of Acquisitions
For personal use only Location of Acquisitions 12 Prospect Resources
Slide 13: Greater Farvic – Historic Production
For personal use only Greater Farvic – Historic Production • Prestwood Mine (499kg of gold at 33.1g/t), – Multiple veins in greenstones along monzonite contact, similar to Farvic. – Reef open ended down dip below 250m • Sally Mine (756kg of gold at 6.9g/t), – Wide quartz stockwork (up to 4m ) dippin
Slide 14: Greater Farvic – Development Strategy
Greater Farvic – Development Strategy • Prestwood Mine – Shaft Rehabilitation underway. For personal use only • Once complete underground drilling for parallel reefs planned for Q3. – Ground magnetic survey completed. – RC drilling programme confirms gold mineralised Prestwood Reef continues under h
Slide 15: Bushtick Project – Historic Production
For personal use only Bushtick Project – Historic Production • Historic production was from four shafts; down to 12 level ; approx 300m depth; 470,000oz Au, at 5.4 g/t cut-off, to 1950 • High cut-off grade, resulted in preferential mining of 4 high grade shoots. • Not subject to artisanal mining • T
Slide 16: Bushtick Project - Exploration Potential
For personal use only Bushtick Project - Exploration Potential • Bulawayo Greenstone Belt, SW of Bulawayo is highly prospective ground. Vein and shear hosted high grade gold deposits. • Potential open cut, along Bushtick Shear, recent grab sampling indicates 2 – 3g/t material in altered country rock
Slide 17: Penhalonga Project - Background
For personal use only Penhalonga Project - Background • Historic Production – 185,000 Oz produced from 1895 – 1943 from 2 main shafts & numerous adits within talc-schist zone. • Geological Setting - “In terms of production, the host Mutare Greenstone Belt at 122kg Au/km2 is one of the richest belts
Slide 18: Penhalonga Project - Exploration
For personal use only Penhalonga Project - Exploration • Deep hole drilling by RTZ in 1962 confirmed eastward strike extent and that reefs were open down dip. • Adit Sampling by Casmyn/New Dawn in 2000 indicated high grade zones >10g/t, in old ‘60’s prospect adits. • Magnetic survey by ZMI in 2009,
Slide 19: Zimbabwe Indigenization Approvals
For personal use only Zimbabwe Indigenization Approvals • Zimbabwe Investment Authority has approved the Company’s application to own a 70% equity interest in Hawkmoth (via Prospect Singapore) with the following conditions: – The Company funds all exploration costs and upon commencement of productio
Slide 20: Prospect Resources Limited
For personal use only Prospect Resources Limited | ACN 124 354 329 Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300 | www.prospectresources.com.au 20 Prospect Resources