West African Resources Ltd · ASX:WAF
West African Resources — NWR Communications Virtual Resources Conference 2020
21 slides from West African Resources's conference presentation, Nov 17, 2020
Slide 1: Virtual Resources Conference
NWR Communications Virtual Resources Conference 17 November 2020 For personal use only WEST AFRICAN RESOURCES LTD AF RICA’S NEWE ST UNHEDGE D GO LD P RODUCER
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE . IMPORTANT NOTICE AND DISCLAIMER This presentation contains “forward-looking information” within the meaning of securities legislation, including information relating to Information in this presentation that relates to mineral resources is based on, and fairly represents, informati
Slide 3: West Africa's Newest Gold Producer
WEST AFRICA'S NEWEST GOLD PRODUCER UNHEDGED GOLD PRODUCTION For personal use only Transformational period from 2016 to 2020 - four years from discovery to first gold Targeting annual production 217koz gold over next five years at AISC <US$600/oz 3.1 million ounces of gold in Mineral Resources1
Slide 4: Capital Structure and Analyst Coverage
CAPITAL STRUCTURE AND ANALYST COVERAGE . ASX: WAF Analyst Coverage2 For personal use only Total Ordinary Shares on Issue 878.6m Euroz Andrew Clayton Options and performance rights on issue 10.4m Hartleys Mike Millikan Top 20 Shareholders 54% Macquarie Andrew Bowler Cash at 31 October 2020 US$72.0m S
Slide 5: Experienced Board and Management
EXPERIENCED BOARD AND MANAGEMENT . For personal use only BOARD OF DIRECTORS SENIOR MANAGEMENT RICHARD HYDE STEWART FINDLAY MATTHEW WILCOX PADRAIG O’DONOGHUE Executive Chairman & Non-Executive Director Chief Development Chief Financial Officer & Chief Executive Officer Banking & Finance Officer Compa
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 Conventional high-grade underground and open-pit mining Conventional 2.2Mtpa SABC CIL plant, LOM recoveries 93% Contract underground and open pit mining MRE of 3.1 Moz Au 2.4 Moz Au (Indicated) 0.7 Moz Au (Inferred) Probable
Slide 8: Production Q3 2020
PRODUCTION Q3 2020 R A M P I N G U P T O F U L L G O L D P R O D U C T I O N AT S A N B R A D O For personal use only Chart Title 70,000 1,500 894,000t processed at 1.7 g/t Au (49,000oz) 60,000 1,250 $1,177 Open pits 871,770t at 50,000 $1,009 1.5 g/t Au (41,500oz) 1,000 Gold produced (oz) Undergr
Slide 9: M1 South Deposit 2020 Deep Drilling Program
M1 SOUTH DEPOSIT 2020 DEEP DRILLING PROGRAM 15,000m drilling program, US$5m budget For personal use only Focus 600m to 950m below surface Targeting 4 – 5 year extension to UG mine life Results so far: - TAN20-DD233: 32m at 4.9 g/t gold from 854.5m - TAN20-DD234: 0.5m at 23.9 g/t gold from 842.5m
Slide 10: Sanbrado Annual Production – April 2019 DFS + UG Potential
SANBRADO GOLD OPERATION ANNUAL PRODUCTION – APRIL 2019 DFS + UG POTENTIAL AFTER Y6 For personal use only 400,000 M1 South OP 2 years, M5 OP 10 years 350,000 M1 South UG 6.5 years, Y1-6 average 100Koz gold Deep drilling M1 South underway 300,000 Toega not included – update Q4 2020 250,000 Con
Slide 11: Sanbrado Regional: Getting Back to Exploration
SANBRADO REGIONAL G E T T I N G B A C K T O E X P L O R AT I O N For personal use only WAF consolidating land around Sanbrado 1,250km2 prospective greenstone belts and structures +50km strike of Markoye Fault Advanced kilometre scale targets; - Meguet - Moktedu - Manesse - Nakomgo (Toega) - V3 (
Slide 12: Toega Deposit Scale and Mine Life
TOEGA DEPOSIT SCALE AND MINE LIFE For personal use only WAF acquiring Toega from B2Gold and GAMS for US$45 million in staged payments Located within trucking distance (14km) of Sanbrado Existing NI43-101 Inferred Resource is 1.1Moz gold at 2.1 g/t Au, with excellent exploration upside Expected t
Slide 13: Toega Gold Deposit
TOEGA GOLD DEPOSIT For personal use only 250km2 exploration permit Main focus Toega Gold Deposit Kilometre scale targets Advanced exploration targets at V10 and Toogo Analogous geological settings to Sanbrado 13
Slide 14: Toega Deposit Scale and Mine Life
TOEGA DEPOSIT SCALE AND MINE LIFE For personal use only Toega mineralized zone; - 1,200m strike - 430m wide - 400m deep - open along strike and at depth Conventional metallurgy; 86.2% CIL recoveries Current foreign estimate based on 37,000m RC and diamond drilling 65% of drilling less than 50m x
Slide 15: Toega Deposit Long Section
TOEGA DEPOSIT L O N G S E C T I O N – W I D E A N D T H I C K M I N E R A L I S AT I O N For personal use only 15
Slide 16: Sanbrado Gold Operation E&S Commitments
SANBRADO GOLD OPERATION E & S COMMITMENTS For personal use only Environmental and Social 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 17: Near-Term Catalysts
NEAR-TERM CATALYSTS R A M P I N G U P T O WA R D S F U L L P R O D U C T I O N 2 0 2 1 For personal use only Completed build and commissioning Q1 2020 Commenced underground ore development Q1 2020 Completed commissioning and first gold pour Q1 2020 Commenced deep drilling at M1 South Q2 2020
Slide 18: 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 • Quality board and management team aligned with shareholders TEAM • Sanbrado built US$20m under budget and ahead of schedule ESG • Implementing ESMS aligned with ISO 140001 and ISO 45001 GOLD EXPOSURE • Unhed
Slide 19: Mineral Resources and Reserves: Sanbrado
MINERAL RESOURCES AND RESERVES SANBRADO For personal use only Cutoff Indicated Resource Inferred Resource Total SANBRADO (Au g/t) Grade Grade Grade GOLD PROJECT MINERAL Tonnes Au Oz Tonnes (Au Au Oz Tonnes Au Oz (Au g/t) (Au g/t) RESOURCES g/t) April 2019 M1 South U/G >180mRL 3 1,000,000 21.9 697,00
Slide 20: Mineral Resources and Reserves: Toega
MINERAL RESOURCES AND RESERVES TOEGA For personal use only Cutoff Indicated Resource Inferred Resource Total TOEGA (Au g/t) Grade Grade Grade GOLD PROJECT MINERAL Tonnes Au Oz Tonnes (Au Au Oz Tonnes Au Oz (Au g/t) (Au g/t) RESOURCES g/t) January 8, 2018 Toega O/P 0.6 17,530,000 2.01 1,130,000 17,53
Slide 21: West African Resources Ltd
For personal use only WEST AFRICAN RESOURCES LTD WE S T AF RI CA’S N EW ES T U NH ED G E D G O LD P RO DU CE R www.we sta fric anresources.com A S X : WA F
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