Sundance Resources — Beadell Resources — Diggers & Dealers 2015
21 slides from Sundance Resources's conference presentation, August 2015
Slide 1: Diggers & Dealers 2015
DIGGERS & DEALERS 2015 August 3 to 5, 2015
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and may be unkn
Slide 3: Beadell in a Snapshot
BEADELL IN A SNAPSHOT… Brazilian focused ASX listed gold producer 5.4 million ounces resource with 1.3 million reserve ounces in optimised open pits* Tucano Gold Mine is the third largest gold mine in Brazil 160,000 - 180,000 ounces per annum with a robust LOM Open Pit Mine Plan stretching six
Slide 4: Brazil: Supports Export Industries
“BRAZIL: SUPPORTS EXPORT INDUSTRIES…” Tax policy encourages investment in Amapa, i.e. SUDAM incentive scheme – 15.25% Corporate Tax Rate Federal Government gold royalty of 1% State Government gold royalty of 1% Low wages linked to CPI. Foreign exchange policies encourage a competitive envi
Slide 5: Corporate Overview
CORPORATE OVERVIEW… CORPORATE INFORMATION DIRECTORS AND SENIOR MANAGEMENT ASX Code BDR Craig Readhead Ind Non-Exec Chairman Shares on issue 798.7M Ross Kestel Ind Non-Exec Director Options 2.1M Mike Donaldson Ind Non-Exec Director Share Price (29Jul15) A$0.125 Peter Bowler Managing Director Market C
Slide 6: Corporate Plan
CORPORATE PLAN… Sustainable gold production of ~160,000 - 180,000 ounces per annum over the life of mine • Optimisation of gold pits at a lower US Dollar gold price completed Minimise all-in sustaining costs to maximise cash flow by improving material movement efficiency • MACA Mining Partnershi
Slide 7: 2Q2015 Financial Position and Operational Data
2Q2015 FINANCIAL POSITION AND OPERATIONAL DATA… Cash and bullion as at 30 June 2015 totalled $22.4 million US$50 million facility with Banco Santander and Banco Itaú. Interest rate payable of USD LIBOR + 3% per annum. Unhedged Facility repayable in 10 equal quarterly instalments. Production Summ
Slide 8: Mining Partnership Agreement with MACA Ltd
MINING PARTNERSHIP AGREEMENT WITH MACA LTD… Management of all drill & blast, load & haul, crusher feed and auxiliary services Benefits for Beadell include: • No more mobile equipment to be purchased by Beadell; • Guiding the Tucano gold mine towards higher productivity; • Providing assistance to
Slide 9: 2H2015 Guidance
2H2015 GUIDANCE… Revised resource and reserve statement and subsequent optimisation of the open pit mine schedule 2H2015 Gold Sales guidance is between 85,000 – 100,000 ounces 2H2015 All-In Sustaining Costs (AISC) guidance between US$680 – US$820 per ounce If an unexpected delay to the minin
Slide 10: Gold Reserve Expansion Focus
GOLD RESERVE EXPANSION FOCUS… Tucano overall ore reserves as at 31 December 2014 are 25.7 million tonnes @ 1.57 g/t gold for 1.3 million ounces including open pit reserves of 20.6 million tonnes @ 1.77 g/t gold for 1.2 million ounces. The new Tucano reserve includes a robust 6- year open pit min
Slide 11: Duckhead Mine Corridor Exploration
DUCKHEAD MINE CORRIDOR EXPLORATION… Gold Nose discovery confirmed 1 km SE of Duckhead open pit with results up to 7 m @ 27.10 g/t gold. Numerous high grade lode targets including extensions to Duckhead Main Lode, Hangingwall Lode, Wing Lode as well as Goosebumps, North Limb and South Limb target
Slide 12: Tucano Incremental Oxide Open Pit Discoveries
TUCANO INCREMENTAL OXIDE OPEN PIT DISCOVERIES… Mirante Lode discovered between Tap AB2 and AB3 pits Gap Zone, high grade oxide colluvium blanket >8m thick with no strip ratio Tap C3 North high grade oxide open pittable zone extended north Urucum lode discovered under colluvium blanket within
Slide 13: Urucum Underground – Future U/G Reserves
URUCUM UNDERGROUND – FUTURE U/G RESERVES… Surface diamond drilling targeting the Urucum Underground continues with three diamond rigs on double shift Pre-Feasibility Study drilling has been extended and will be completed in this quarter, with results of the PFS to be completed and released in th
Slide 14: Tucano Regional Exploration Potential
TUCANO REGIONAL EXPLORATION POTENTIAL… Mostly contiguous tenure covering 2,500 km² Major surface gold geochemical anomaly 15 km east of Tucano at Mutum target. 3 km long by 500 m wide, undrilled camp scale soil gold anomaly. Rock chip results up to 7.2 g/t in Banded Iron Formation. 9 Km long s
Slide 15: Highly Prospective Tenure in the Tropicana Belt
IN AUSTRALIA, HIGHLY PROSPECTIVE TENURE IN THE TROPICANA BELT… Hercules and Atlantis gold prospects, early stage gold discoveries Core tenement application 25 km southwest of Tropicana Gold Deposit Tropicana East, Hercules Longsection Tropicana East project showing location on aeromagnetics 15
Slide 16: Corporate Responsibility
CORPORATE RESPONSIBILITY… Safety and Health Safety Interactions (Safety Behaviour Audits) Daily Safety Dialogue Registration of Safety Occurrence A.P.R. (Preliminary Risk Analysis in Portuguese) Community Open Doors Program Christmas’ Initiative Water Planet Play Open Doors Program E
Slide 17: Conclusion
CONCLUSION… Foundation established for a long and profitable gold mining business Productivity improvement programmes at Tucano generating tangible results Excellent opportunities for organic growth at Tucano Regional exploration success at Tucano aimed at improving asset quality by providin
Slide 18: Peter Bowler, Managing Director
Peter Bowler Managing Director Telephone: +61 8 9429 0800 info@beadellresources.com.au www.beadellresources.com.au
Slide 19: Annual Operating and Financial Summary
ANNUAL OPERATING AND FINANCIAL SUMMARY… Dec-14 Dec-13 Operating results Total Waste Moved (t) 10,559,034 7,146,551 Marginal Ore Moved (t) 318,820 606,734 Iron Ore Moved (t) 2,007,439 1,838,234 Gold Ore Mined (t) 2,355,755 2,086,997 Gold Ore Milled (t) 4,288,264 3,557,405 Head Grade (g/t) 1.24 1.73 P
Slide 20: Reserve Statement
RESERVE STATEMENT As at 31 December 2014 Proved Reserve Probable Reserve Total Mineral Inventory Cut off Brazil Tonnes Grade Ounces Tonnes Grade Tonnes Grade Ounces g/t Ounces ('000) ('000) g/t Au ('000) ('000) g/t Au ('000) g/t Au ('000) Urucum Oxide 1,340 1.20 52 1,017 1.12 37 2,357 1.17 88 0.59 T
Slide 21: Resource Statement
RESOURCE STATEMENT As at 31 December 2014 Measured Indicated Inferred Total Lower Brazil Tonnes Grade g/t Ounces Tonnes Grade g/t Ounces Tonnes Grade g/t Ounces Tonnes Grade Ounces Cut off ('000) Au ('000) ('000) Au ('000) ('000) Au ('000) ('000) g/t Au ('000) g/t Urucum Total Oxide* 1,599 1.14 59 1