West African Resources Ltd · ASX:WAF
West African Resources — Shareholder Meeting (May 2021)
16 slides from West African Resources's shareholder meeting presentation, May 14, 2021
Slide 1: West Africa's Newest Gold Producer - AGM Presentation
For personal use only WEST AFRICA’S NEWEST GOLD PRODUCER AG M P RE S E NTATI O N 14 TH MAY 2021
Slide 2: Important Notice
IMPORTANT NOTICE . IMPORTANT NOTICE AND DISCLAIMER Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Silvio has reviewed the contents of this announcement and consents to the inclusion in this All statements other than statements of historical fact includ
Slide 3: West Africa's Newest Gold Producer
WEST AFRICA’S NEWEST GOLD PRODUCER +200,000 OUNCES UNHEDGED GOLD BEYOND 2030 For personal use only 2021 Mineral Ore Production Exploration Market Guidance Resources1 Reserves1 Target2 Permits Capitalisation 250 - 280 Koz 5.1 Moz 1.5 Moz 2.8 Moz +1,200km2 A$865m AISC Senior Debt US $720-800/oz US $13
Slide 4: Why West Africa? Golden Potential
WHY WEST AFRICA? GOLDEN POTENTIAL For personal use only West Africa is one of the most attractive mining regions globally with many of the worlds leading producers 1,2 No. 1 Region for globally significant gold discoveries 2nd largest gold producing region globally 78% growth in production in
Slide 5: Capital Structure
CAPITAL STRUCTURE ASX: WAF Analyst Coverage2 For personal use only Total Ordinary Shares on Issue 883m Euroz Hartleys Mike Millikan Options and performance rights on issue 12.2m Macquarie Andrew Bowler Top 20 Shareholders4 60% Sprott Brock Salier Cash at 31 March 2021 US$71.2m Gold at 31 March 20213
Slide 6: West African Project Locations
WEST AFRICAN PROJECT LOCATIONS For personal use only 6
Slide 7: Sanbrado Gold Operation Key Project Metrics
SANBRADO GOLD OPERATION KEY PROJECT METRICS For personal use only Location South-central Burkina Faso, West Africa Ownership WAF 90%; BF Government 10% Contract open-pit and underground Type mining Resources 81Mt at 2.0 g/t for 5.1 Moz gold 1. Reserves 20Mt at 2.3 g/t for 1.5 Moz gold 1. Reserves +
Slide 8: Strong History of Resource Growth
WEST AFRICAN RESOURCES LTD S TRO NG HIS TO RY O F RES OU RC E GRO WT H For personal use only 6,000,000 Key changes 2020 - 4,400 holes 122,000m of drilling 5,000,000 65% Increase in Sanbrado Mineral 4,000,000 Contained Gold Ounces Resources to 81 Mt at 2.0 g/t for 5.1 Moz gold 1. 3,000,000 Addi
Slide 9: Production Outlook to 2033
WEST AFRICAN RESOURCES LTD PRO DUCTI O N O UT LOO K TO 2033 For personal use only 300,000 2021 production guidance 250,000 to 280,000 ounces gold at an AISC of US$720 – US$800/oz 250,000 2021 - 2023 production based on 100% Ore Reserves 200,000 Production Ounces Gold Average annual production
Slide 10: Project Ramp Up on Track to Meet 2021 Guidance
WEST AFRICAN RESOURCES LTD P RO JE CT RAMP UP O N T RACK TO MEE T 2021 G UI DANC E For personal use only OUNCES UP AND COSTS DOWN QUARTER ON QUARTER SINCE COMMISSIONING 70,000 $1,177 1,250 Q1 Gold production up 11% to 56,000 ounces at 60,000 $1,009 $992 $957 1,000 AISC down 5% to US$957/oz 50,00
Slide 11: Regional Exploration
REGIONAL EXPLORATION VA L U E C R E AT I O N T H R O U G H T H E D R I L L B I T WAF consolidating land around Sanbrado For personal use only 1,200km2 prospective greenstone belts +50km strike of Markoye Fault Advanced kilometre scale targets; - Meguet - Moktedu - Manesse - Nakomgo (Toega) - V3
Slide 12: Sanbrado Gold Operation E&S Commitments
SANBRADO GOLD OPERATION E & S COMMITMENTS Environmental and Social For personal use only Implementing ESMS aligned with ISO 140001 and ISO 45001 Comprehensive review and update of project E&S documentation WAF NEWcommunity team meeting local farmers WATER WELLS during COVID-19 global pandemic
Slide 13: Why Invest
WHY INVEST W E S T A F R I C A N R E S O U R C E S LT D A S X : WA F For personal use only GOLD • 250-280 koz gold production 2021 at AISC of US$720-800/oz EXPOSURE • +10 year mine life +200,000 ounce unhedged gold production TEAM • Quality board and management team aligned with shareholders • Socia
Slide 14: Mineral Resources and Reserves - Sanbrado
MINERAL RESOURCES AND RESERVES SANBRADO For personal use only Measured Resource Indicated Resource Inferred Resource Total Resource Cutoff Contained Contained Contained Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Contained Au Au Au Au g/t t g/t oz t g/t oz t g/t oz t g/t oz M1 South 0.5 260,
Slide 15: Production Target - Sanbrado Gold Operation
PRODUCTION TARGET S A N B R A D O G O L D O P E R AT I O N For personal use only Proved Probable Inferred Mineral Resources Total Reserve + Inferred Resources Contained Contained Contained Contained Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Au Au Au Au t g/t oz t g/t oz t g/t oz t g/t oz S
Slide 16: West African Resources Ltd
For personal use only WEST AFRICAN RESOURCES LTD WE ST AF RI CA’S NEW ES T UNHE DG E D G O L D P RODU CE R www.westafricanresources.com A S X : WA F
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