Ark Mines Ltd · ASX:AHK
Ark Mines — Investor Presentation (August 2017)
23 slides from Ark Mines's investor presentation, Aug 18, 2017
Slide 1: Mining the Territory
For personal use only MINING THE TERRITORY ASX CODE: AHK www.arkmines.com.au
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been provided by Ark Mines Ltd and other sources identified herein. The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Ark Mines Ltd shares. The informa
Slide 3: For personal use only
For personal use only ▪ 2011 listing on the Australian Securities Exchange ASX code is AHK ▪ Emerging junior gold producer ▪ Mining Leases in Northern Territory (Mt. Porter and Glencoe) ▪ Planning for gold production in 2018 ▪ Headquartered in CBD, Sydney, Australia and Pine Creek NT ▪ 3 directors (
Slide 4: Northern Territory tenement map
For personal use only ; T T 131°00" 181°30" ARAFURA SEA NORTHERN TERRITORY [HB Tenements held by Arafura Resources to which Ark Mines is farming into. (= Tenements held by Territory Resources lie with Arafura Resources into which Ark Mines is farming into. — Highway —— Main road [5 National Park
Slide 5: Challenges of mining in the Territory
For personal use only ▪ DME ▪ Professional personnel ▪ Inconsistent regulation across the industry ▪ Long turnaround on approvals ▪ Lack of clarity on permitting guidelines ▪ Toll treat ▪ Decline in territory mining over the past several decades, particularly gold ▪ Resulted in reduced infrastructur
Slide 6: Purchase and build our own purpose designed modular mill
P Purchase and Build our own Purpose designed Modular Mill For personal use only ▪ Sized to expected feed ▪ Circa 450kt pa ▪ Flexible to suite varied ores ▪ Gravity ▪ Leach ▪ Float ▪ Re grind ▪ Designed to maximise recoveries ▪ Minimised Capital cost ▪ Minimise Operating cost ▪ Modular to help ▪ Fun
Slide 7: Rationale for Union Extended option
For personal use only AHK’s rationale for securing the Option and considering acquisition of Union Extended includes: ▪ closeness to current AHK projects, namely, Mt. Porter (Central, South and North) (17 or12 km), Frances Creek (16 or 21km) and Glencoe (50 km); ▪ closeness to other MLs, the acquisi
Slide 8: Operations map
itory Operations RK - git ) NES. UTM Grid: G0A84 MGA zone 5. 4 Sant 2800 c00 ees yout
Slide 9: Northern Territory projects 100% owned by AHK
Northern Territory, Australia 100% owned by AHK For personal use only ▪ Mount Porter/Pine Creek ▪ Mining Licence 22839 and ELR116 ▪ 34,200 Au ounces JORC 2004 ▪ MMP approved ▪ Ready to Mine ▪ Mt Porter North ▪ Mt Porter South ▪ Oxide 2/3 drilled out ▪ Mt Porter Anticline ▪ Potential underground reso
Slide 10: Mt Porter
▪ Mt Porter Mining Lease 22389 is in good standing For personal use only ▪ Extensive and independent metallurgical testing completed ▪ Metallurgical test work - oxide gold recoveries - 92% ▪ Metallurgical test work - sulphide gold recoveries - now averages 82% ▪ Mt Porter optimisation ▪ Supports cas
Slide 11: Glencoe
For personal use only ▪ 704,000 tonnes @1.9g/t Au with 253,000 tonnes @2.2 g/t Au oxide and 451,000 tonnes @ 1.7 g/t Au Fresh ▪ Metallurgical test work has shown high gravity/cyanidation recoveries of 95.85% (Ammtec 2012). Reagent consumptions were relatively low, with lime and cyanide consumption o
Slide 12: Howley Anticline analogous to Mount Porter Anticline
The Howley Anticline is directly analogous to For personal use only the Mount Porter Anticline: • Same structure: tight to isoclinal folding cut by late stage faults. • Same lithology: Koolpin Formation including BIF, Gerowie Tuff, Mount Bonnie Formation and Zamu Dolerite. • Same intrusive heat envi
Slide 13: Mt Porter Anticline
The Howley Anticline is directly analogous For personal use only to the Mount Porter Anticline: • Mt Porter discovered 1987 and has undergone sporadic light exploration until 2006, with little work carried out away from the initial discovery target. • Mt Porter has never been mined. • The Mt Porter
Slide 14: Mt Porter North, Mt Porter, Mt Porter South
For personal use only Mt Porter North Mt Porter Mt Porter South Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 Report No 1996/24 14
Slide 15: For personal use only
For personal use only Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter 15 For the period 12/9/95 to 12/9/96 Report No 1996/24
Slide 16: For personal use only
For personal use only Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 16 Report No 1996/24
Slide 17: Golden Honcho exploration licences
For personal use only ▪ Exploration Licences 10137 & 23237 in good standing ▪ Seven (7) highly prospective gold exposed reefs in a 2.5km zone amenable to simple, low cost, open pit mining ▪ Over 2.4km of strike length – only 390m (16.25%) drilled ▪ Mapping and rock chip sampling indicates there may
Slide 18: Golden Honcho high grade intersections
For personal use only ▪ Oxide zone between 40m and 50m ▪ High Grade OP and underground Mining potential ▪ Low cost development – Short Adit entry ▪ 45 AHK & ARU holes have intersected gold ▪ Current strike length circa. 2400m ▪ 51 intersections >1m over 5g/t including: (refer to AHK ASX announcement
Slide 19: Best AHK and Arafura intersections
For personal use only • Best 2015 AHK intersections : – Best 2004 Arafura (ARU) intersections : • 5m @ 19.11g/t Au; – 3m @ 13.41 g/t Au, including 1m @ • 4m @ 47.54g/t Au; 30.8 g/t Au; • 2m @ 10.07g/t Au; – 2m @ 12.9g/t Au, including 1m @14.5 • 2m @ 13.29g/t Au; g/t Au; • 2m@ 11.61g/t Au; – 2m @ 6.6
Slide 20: Mapping and rock chip sampling
For personal use only Mapping and rock chip sampling has opened up a number of new drill targets as well as extending existing high grade gold veins 20
Slide 21: Upcoming plans and milestones
For personal use only • Cement a Toll Treat contract or order a Modulised Plant • Continue with the Environmental studies on Mt Porter North and South • Drill out a resource at North and South Mt Porter with aim to have a resource by 2018 • Commence MMP upgrade to permit a plant at Union Extended •
Slide 22: Summary
For personal use only • Ark will move to production through setting up a module gold plant on a centralised Mining Lease • This lowers Arks cut off grade • Ark will Mine Mt Porter Central (MMP) • Ark will then Mine Glencoe, MT Porter South and North • Ark has a significant land tenure in the Pine Cr
Slide 23: ASX Code: AHK
For personal use only ASX CODE: AHK www.arkmines.com.au