Westgold Resources Ltd · ASX:WGX
Westgold Resources — Investor Presentation (September 2009)
29 slides from Westgold Resources's investor presentation, September 2009
Slide 1: Rover Project, Northern Territory - Mining the Territory
Rover Project Northern Territory Australia Andy Beckwith ASX: WGR Managing Director www.westgold.com.au Mining the Territory Darwin, September 2009
Slide 2: Disclaimer & Competent Person's Statement
This presentation has been prepared by Westgold Resources Limited (“Westgold” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation contains forecasts and forward looking statements.
Slide 3: Westgold Overview
Shares (WGR): 170,933,846 SHAREHOLDERS Options: 4,750,000 TOP 20 = 67.6% Cash: (June 09) ~$4.8M Other Top 20 32.43% Australia 29.74% (excluding MLX) M. Cap:(@ 37 cents) $63M 12mth Range: $0.15 - 0.40 Top 20 Overseas 8.21% Top 20 Metals X Investments: ~$3.0M 29.62% Aragon Resources (AAG) 37% Major Sh
Slide 4: Rover is driving Westgold's Market Cap
Western Zone WESTGOLD High Grade Cu and 2nd Bonanza Rover 1 Au Zone Discovery 70 60 Explorer 108 MARKET CAP $ drilling starts Ex108 50 Resource Global Millions 40 Rover Financial Project Crisis 30 Acquired 20 2008 2009 Rover 1 Rover 1 10 Drilling Drilling - 5 6 7 8 9 05 06 07 08 09 l-0 l-0 l-0 l-0 l
Slide 5: Westgold's Rover Project
Westgold Resources Limited Australian GOLD Explorer (ASX: WGR) Rover Project, Central Northern Territory Mirror image of “Tennant Creek Goldfield” High Grade Au - Cu (IOCG deposits) Rover 1 - 1st High Grade Au-Cu Discovery Target Size - 0.5Moz to 1.0Moz AuEq Aim - “Stand Alone” Operation Multiple De
Slide 6: Northern Territory News
(9 Sept 09) Northern Territory News
Slide 7: Western Zone - Yesterday's release WGR1D034
“Bonanza Gold Zone” 7m @ 185.0g/t Au (6 ounces) and 16m @ 9.7g/t Au 128m @ 1.2% Cu, 1.2g/t Au, 2.0g/t Ag, 0.07% Bi, 0.05% Co from 402m also includes 3m @ 3.6% Cu 13m @ 3.7% Cu 13m @ 2.2% Cu, 7.3g/t Au 7m @ 4.1% Cu, 4.4g/t Au Western Zone - Yesterday’s release WGR1D034
Slide 8: Iron Oxide Copper Gold (IOCG) Deposits of the World
Iron Oxide Copper Gold (IOCG) Deposits of the World Australia hosts many prized IOCG deposits Rover after L. Corriveau Location - New IOCG Province
Slide 9: One of Australia's Richest Goldfields
! ! ! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! One of Australia’s Richest Goldfields !! ! ! ! ! ! ! ! ! !! ! !! GECKO WARREGO ^_ ! ! ! ! ^_ ! ! ! ! ! ^_ ! !! !! ! ! ! ! ! ! ! ! ! 6.7Mt @ 7g/t ! ! 105,000t Cu @ 3.6% ! 1.6Moz Au ! ! ! ! 174,000t Cu @ 2.5% ! ^_ ! ! ! WHITE DEVIL ! ! ! 1.6Mt @ 15g/t ! ! ! ! 0.8Mo
Slide 10: Rover = Mirror Image of Tennant Creek
80 year history Tennant Creek Thousands holes 5 Moz Goldfield 5 Standout mines Extensive smaller workings Rover Field Renaissance Infancy Emmerson-Ivanhoe Australia JV Under Cover $18M over 3years for 51% Same rocks $10M to hold 51% Same mineralisation Searching for the deeper and ~120 holes to date
Slide 11: Tennant Creek's 5 Moz Production Driven by Application of Magnetic Data
PATIENCE Rover Normandy – Westgold Peko-Shell JV PERSISTENCE Period AngloGold JV Period Period 1930 1940 1950 1960 1970 1980 1990 2000 2010 40 holes 1st Phase 25 YR Detailed 3 years of BMR Mag Exploration Exploration High Gravity, Modern Ultra High Exploration Hiatus Res Mag Resolution Magnetics, &
Slide 12: Patience and Persistence
PATIENCE FIRST PERSISTENCE HIGH GRADE GOLD 65m @ 11g/t Au WESTERN ZONE HIGH GRADE ACQUIRED ROVER 1 GOLD & COPPER GRANTED 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 25 Years DRILLING DRILLING NO EXPLORATION GEOPHYSICS GEOPHYSICS EX108 (Pb-Zn) ROVER 1 Resource High Grade Au-Cu EX142 (Cu-Au) 20m
Slide 13: Rover 1 - Introduction
Westgold’s 1st High Grade Au-Cu-Ag-Bi-Co Deposit Target = 0.5Moz to 1.0Moz AuEqv high grade deposit Intense magnetic anomaly – 800m long Coincident gravity anomaly Magnetite-hematite ironstone Sub-vertical 50-100m wide Structurally controlled High Grade Jupiter Zone established (Resource pending) Ne
Slide 14: Rover 1 - Regional Magnetics
Explorer 108 Rover 1 Explorer 142 SEL27039 EL25345 Rover 5 Rover 7 EL26538 Rover 3 EL24541 EL 2 5 42 7 EL26537 EL25511 25km Rover 1 - Regional Magnetics
Slide 15: Rover 1 - Significant Results
7m @ 185g/t Au (HG WZ) 29m @ 3.6% Cu (HG WZ) 16m @ 9.7g/t Au (HG WZ) 14m @ 5.3% Cu (HG WZ) 9m @ 9.3g/t Au (HG WZ) 13m @ 3.7% Cu (HG WZ) 13m @ 9.2g/t Au (HG WZ) 18m @ 1.2% Cu (HGWZ) 65m @ 11.0g/t Au 65m @ 2.6% Cu 66m @ 4.3g/t Au 105m @ 1.6% Cu 49m @ 5.8g/t Au 13m @ 2.88% Cu 28m @ 11.7g/t Au 17m @ 1.9
Slide 16: Prize - High Gold Grades
548m 9.23g/t Au 549m 10.30g/t Au 550m 551m 9.28g/t Au 6.46g/t Au 552m 26.5g/t Au 553m 8.82g/t Au 554m 56.60g/t Au 555m 104.00g/t Au Prize – High Gold Grades
Slide 17: Rover 1 High Grade Copper
474m 3.1% Cu, 0.32g/t Au 475m 9.0% Cu, 1.06g/t Au 476m 10.9% Cu, 1.28g/t Au 477m 21.7% Cu, 1.41g/t Au 478m 0.8% Cu, 0.12g/t Au 479m 13.3% Cu, 1.53g/t Au 480m 16.8% Cu, 1.99g/t Au 481m 13.9% Cu, 1.29g/t Au Rover 1 High Grade Copper WGR1D011 8m @ 11.2% Cu within 21m @ 6.9%Cu, 0.9g/t Au
Slide 18: Rover 1 - Gravity and Magnetics Plan
WZ JUPITE R ZONE Gravity 1km WZ JUPITE R ZONE Magnetics Rover 1 - Gravity and Magnetics Plan
Slide 19: Jupiter Zone Established
one erZ t u pi J Co sm ic Fa u lt Jupiter Zone Established
Slide 20: Jupiter Zone - High Grade Tennant Creek Style Au-Cu Deposit
Legend Historical 2008 2009 Co sm ic Fa u lt 200m 250m Jupiter Zone – High Grade “Tennant Creek Style” Au-Cu Deposit
Slide 21: Jupiter Zone - Significant Au & Cu Intercepts and Zonation
Legend 28/11.7 28m @ 11.7g/t Au 65/2.6 105/1.6 65m @ 2.6% Cu 10/1.7 Down hole intercepts 6/9.3 31/1.1 Co 9/1.6 s65/2.6 m 32/20.8 ic Fa 64/1.3 u lt 200m 49/5.8 37/3.1 3/10.1 65/11.0 28/11.7 Note: Targeting now 18/7.7 All intercepts have additional 66/4.3 overlapping 13/9.6 30/6.5 21/33.5 Au-Cu-Co-Bi
Slide 22: Western Zone - New Shoot?
one erZ Western Zone pi t Ju High Grade Au-Cu Area Co sm ic Fa u lt Western Zone – New Shoot?
Slide 23: Western Zone - Significant Resource Potential
Tenement Boundary 128m @ 1.2%Cu, 1.2g/tAu 29m @ 3.6% Cu 13m / 3.7%Cu 135m @ 1.9% Cu, 1.2g/t Au Re ding pen 16m / 2.2%Cu, 7.3g/tAu sul ts 200m 14m @ 5.3% Cu, 1.5g/t Au 7m / 4.1%Cu, 4.4g/tAu 13m @ 2.2% Cu, 9.2g/t Au 7m @ 185.0g/t Au 16m @ 9.7g/t Au Western Zone – Section 359190E Significant Resource P
Slide 24: Jupiter Zone Resource Pending
one erZ Western Zone pi t Ju High Grade Au-Cu r c e o u e Area es at Co R tim sm Es rea ic Fa A u lt JUPITER ZONE RESOURCE PENDING
Slide 25: Rover 1 Simple Conventional Metallurgy
Grinding Gravity Bulk Sulphide float Crushed Underground 95% Sulphide Ore Recovery Gravity Circuit ~50% Gold On-going Cobalt CIL extract testwork remaining Gold in progress FINAL PRODUCTS Gold Bullion Bismuth Copper Cobalt Concentrate Concentrate Concentrate Concentrat Rover 1 Simple Conventional Me
Slide 26: Rover 1 - Close to Major Infrastructure
Tennant Creek Township (90km by existing road) (70km direct) Adelaide to Darwin Railway (85km by existing road) (55km direct) Stuart Highway (85km by existing road) (60km direct) Amadeus Basin to Darwin Gas Pipeline (65km by existing road) (40km direct) Rover 1 – Close to Major Infrastructure
Slide 27: Regional Magnetic Targets, NT Collaborative Funding EL25511
1xHistorical DDH Cu-Au-Co-Bi Au-Cu-Co-Bi Missed Target 5xHistorical DDH High Grade NT Funding 3xWGR DDH Drilling now Never drilled 20m @ 3% Cu Rover 5 Rover 1 Navigator 17 Explorer 142 Never drilled NT Funding SEL27039 EL25345 Rover 3 EL26538 EL24541 EL 2 5 42 7 Explorer 143 EL26537 EL25511 Never Dr
Slide 28: Road Forward 2009
Rover 1 Resource Regional Drilling Rover 1 Drilling Road Forward 2009
Slide 29: Westgold Resources Limited
Westgold Resources Limited • Australian GOLD Explorer (ASX: WGR) • Focus is the Rover Project, Central Northern Territory • Targeting high grade Gold and Copper (IOCG) deposits • Rover 1 is a significant high grade Au‐Cu discovery • Initial “Jupiter Zone’’ Resource Estimate pending • Exciting new “H
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