Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Investor Presentation (October 2019)
21 slides from Ardea Resources's investor presentation, Oct 23, 2019
Slide 1: Corporate Presentation – October 2019
Corporate Presentation – October 2019 Godolphin Resources Limited https://godolphinresources.com.au/ Suite 2/45 Ord Street West Perth WA 6005 Australia +61 8 6244 5136
Slide 2: Disclaimer
Disclaimer This presentation contains general information only and is, or is based upon, information which has been released to ASX or is contained in the Ardea Resources Limited (Ardea or the Company) prospectus dated 9 November 2016 (including supplementary prospectuses dated 18 November 2016 and
Slide 3: Investment Thesis
Investment Thesis • Godolphin has strategically secured the largest tenement holding in the Lachlan Fold Belt (LFB) with 100% control of 3,216km2. • The LFB is Australia’s premier address for bulk-tonnage gold and base metal deposits hosting one of Australia's largest gold operations and home to a g
Slide 4: Project Location
Project Location • 3,216km2 of 100% controlled, highly prospective tenure associated with the Lachlan Transverse Zone (LTZ), Godolphin-Narragal Fault, Gilmore Suture within Lachlan Fold Belt (LFB). • LFB excellent record of exploration success leading to low-cost production. • High-quality infrastru
Slide 5: Priorities Post Listing
Priorities Post Listing • Mount Aubrey – open pit gold resource definition drilling • Copper Hill East – soil geochemistry and geophysics, exploring 1 for Boda style target • Lewis Ponds – resource definition and exploration drilling 2 • Lewis Ponds regional – gold geochemistry (soil and rock chip)
Slide 6: Priority Projects - Summary
Priority Projects - Summary Mt Aubrey • Epithermal Gold Project – located at the north margin of the Lachlan Transverse Zone (LTZ), covering multiple gold-hosting epithermal vein systems. Maiden resource open in every direction with historic drilling concentrated on only 1km of a 7km trend, with ave
Slide 7: Priority Projects - Summary
Priority Projects - Summary Lewis Ponds • Gold-Base Metal Project - located at the north margin of the LTZ. • Tenure extends over a continuous 65km strike of the major orogenic gold- hosting structure termed the Godolphin-Narragal Fault. • Large resource defined, open in every direction. • Historic
Slide 8: Summary - Other Projects
Summary - Other Projects Gundagai • Gold Project – historic gold mines on the Cootamundra Fault, a N-S splay structure to the Gilmore Suture. • Visible gold in outcrop (30g/t Au +)*. Yeoval • Porphyry Gold-Copper Project – located at the north margin of the LTZ, covering the Yeoval porphyry copper-g
Slide 9: Mount Aubrey Gold
Mount Aubrey Gold • Strategy is to focus on Mt Aubrey as a near term production project • 1991 photo of BHP Gold open pit mining at Mount Aubrey, NW wall. • Note low angle thrust sheets (yellow dashed lines). • Potential for epithermal vein extensions at depth, controlled by these structures offsett
Slide 10: Mount Aubrey Gold
Mount Aubrey Gold • Epithermal gold-silver vein system. • JORC 2012 Resource*: 1.21 Mt at 1.61 g/t gold • >7km system in outcrop and Godolphin soil anomaly, with only 1km systematically drill tested. • Small scale open pit mining to free dig limit to maximum depth of 40m. • Mineralisation open in ev
Slide 11: Mount Aubrey Gold
Mount Aubrey Gold Long section highlights drilling results that have not been mined and 11 demonstrate that gold mineralisation is open in every direction
Slide 12: Copper Hill East Gold-Copper
Copper Hill East Gold-Copper • Large scale gold-copper porphyry target. • Molong Volcanic Belt extends from Cadia Ridgeway through CHE and northwards to the recent Boda discovery. • Godolphin’s CHE is along structure 50km south from Boda and 50km north from Cadia-Ridgeway. • The nearest Godolphin te
Slide 13: Lewis Ponds Gold-Silver-Zinc
Lewis Ponds Gold-Silver-Zinc • Redefining a historic underground high-grade zinc-gold mine as a bulk-tonnage gold-silver-zinc open pit operation. • JORC 2012 Resource*: 20.24 Mt at 0.5g/t gold, 33.3g/t silver, 1.5% zinc, 0.7% lead and 0.1% copper. • Total metal: > 326koz Au, 21.6Moz Ag, 290,000t Zn
Slide 14: Yeoval Gold-Copper
Yeoval Gold-Copper • Gold-copper porphyry project with bulk tonnage potential, extensive historical copper workings requiring drill-appraisal. • Single deposit JORC 2012 Inferred Mineral Resource*: 12.8 Mt at 0.38% copper, 0.14 g/t gold, 2.2 g/t silver and 120 ppm molybdenum. • Significant potential
Slide 15: Resources Inventory
Resources Inventory Summary of Mineral Resources (JORC (2012)) contained within Godolphin tenements • Commanding resources already Project Tonnes Au Ag Zn Pb Cu AuEq* Contained Contained (Mt) (g/t) (g/t) (%) (%) (%) (g/t) Au (Moz) AuEq* defined, with only limited work (Moz) completed. Mt Aubrey1 1.2
Slide 16: Deposits in the Lachlan Fold Belt
Deposits in the Lachlan Fold Belt Tonnage AuEq Project Resource type Resource Source • LFB is Australia’s premier bulk-tonnage gold (Mt) (g/t) and base metal province. indicated and 20.24 Mt at 0.5g/t Au, 33.3g/t Ag, Lewis Ponds 20.24 1.80 4 inferred 1.5% Zn, 0.7% Pb, & 0.1% Cu • Godolphin’s resourc
Slide 17: Investment Summary
Investment Summary Highly experienced Board and Management Team with local knowledge and track record of success. Maiden 431koz gold resource with clear growth potential as mineralisation open in multiple directions. Excellent leverage to gold price strength, particularly at >A$2,200/ounce.
Slide 18: Board and Management
Board and Management • Mark Sykes – Non-Executive Chairman: Mining Engineer (WASM) and Mineral Economist (Macquarie) with over 25 years’ experience in operational and executive roles. Mark has previous ASX IPO experience with a focus on mineral exploration and building companies with a diversified g
Slide 19: Proposed Capital Structure
Proposed Capital Structure Shares* No. of Shares % of No. of Shares % of • Godolphin Resources initial public (Minimum Shares (Maximum Shares offering to raise at least $4.5M and Subscription) Subscription) up to $8M before costs. Consideration Shares 30,000,000 56.1 30,000,000 42.3 issued to Ardea
Slide 20: Competent Persons Statement
Competent Persons Statement JORC INFORMATION This Presentation has been prepared with reference to public reports made by Ardea Resources Limited (Ardea). Notably, the Presentation includes information relating to the: 1. Yeoval Resource Update, reported by Ardea in ASX announcement 15 August 2019 i
Slide 21: For more information see: https://godolphinresources.com.au/
For more information see: https://godolphinresources.com.au/ New South Wales - Australia’s premier address for porphyry gold-copper and epithermal gold projects 21 Sampling historic mine workings at Lewis Ponds, identifying previously unrecognised epithermal gold-silver overprint
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