West African Resources Ltd · ASX:WAF
West African Resources — Shareholder Meeting (November 2012)
21 slides from West African Resources's shareholder meeting presentation, Nov 26, 2012
Slide 1: AGM Presentation
For personal use only AGM Presentation 26 November 2012 th Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
DISCLAIMER AND JORC NOTICE For personal use only This presentation has been prepared by West African Resources Limited (‘WAF’ or the ‘Company’). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or in
Slide 3: Investment Highlights
INVESTMENTHIGHLIGHTS Maiden For personal use only resource in 2012 Major Copper-Gold $6m cash discovery in 2012 to fund aggressive drilling campaign for 2012-2013 Highly-skilled WAF-owned fleet of team, hands-on West African seven rigs minimising exploration experience spend
Slide 4: The Company: Capital Structure & Board
THE COMPANY CAPITAL STRUCTURE & BOARD 26 November 2012 For personal use only 185.7M To t a l O r d i n a r y S h a r e s o n I s s u e ： Board Francis Harper D i r e c t o r & M a n a g e m e n t O p t i o n s ： 38.6M Chairman N u m b e r o f s h a r e h o l d e r s ： 1,012 Richard Hyde Managing Dir
Slide 5: West Africa
West Africa For personal use only Fastest growing gold- producing region in the world 300 million ounces produced and discovered 67% increase in production 2010-2015 Annual production to exceed 11 million ounces by 2015 Established mining codes
Slide 6: Burkina Faso Gold Growth
Burkina Faso Gold Growth For personal use only More than 1/5 of West Africa’s total greenstone belt exposure Six new mines in production in the past five years Over 40Moz in resources and reserves Fourth largest gold producer in Africa Investment-friendly mining code Recent tax cuts; corporate tax 3
Slide 7: Boulsa Project
BOULSA PROJECT Over 30 contiguous permits, 100%-owned covering 6,370 km2 For personal use only 200km strike of greenstone belt Extensive gold-copper mineralisation in supergene and primary zone at Sartenga Discovery Near-surface gold mineralisation in RAB & RC drilling, high-grade gold mineralisatio
Slide 8: Sartenga Copper-Gold Discovery
SARTENGA For personal use only Copper-Gold discovery Major Shear-hosted Au-Cu-Mo mineralisation 6km x 3km gold-copper auger anomaly Peak grades from drilling:- 6.9g/t Au and 1.9% Cu in oxide 1.4g/t Au, 0.9%Cu, 1,400ppm Mo in primary Primary intercepts 45.5m at 1.1g/t Aueq* from 112m including 15.5m
Slide 9: Sartenga Exploration Summary Plan
For personal use only Sartenga Exploration Summary Plan 8km Strike at +500ppm Cu, 4km Strike at +50ppb Au, Only 2km tested by drilling
Slide 10: Sartenga Drill Plan and Cross Section
Sartenga Drill Plan Sartenga Cross Section For personal use only Up to 100m true width Over 1.2km of Au-Cu-Mo Mineralisation in drilling
Slide 11: Where else do Birimian Au-Cu-Mo deposits occur?
Where else do Birmian Au-Cu-Mo deposits occur? Gaoua (VTR.TSX) Burkina Faso For personal use only 82Mt @ 0.49g/t Au, 0.40% Cu Las Brisas (GRZ.TSXV), Venezuela 5.2 680Mt @ 0.67g/t Au, 0.12%Cu Las Cristinas (KRY.TSX), Venezuela 630Mt @ 1.03g/t Au, 0.10%Cu Toroparu (SSP.TSXV) Guyana 420Mt @ 0.74 g/t Au
Slide 12: Sartenga Major Gold-Copper Discovery
SARTENGA For personal use only Major Gold-Copper discovery Grades up to 1.1g/t Au, 0.8%Cu, 1,400ppm Mo in primary Grades up to 4.8g/t Au and 1.9% Cu in oxides Oxide intercepted over 1.2km, up to 250m width 3 holes ended in sulphide mineralisation to date, primary zone potentially >100m true width Dr
Slide 13: Moktedu Prospect
MOKTEDU PROSPECT For personal use only High-grade oxide mineralised zone from surface WAF discovery from first principles in 2011 10km target strike length, supported by coincident magnetic trend, WAF RAB and auger drilling, and historic soil sampling High-grade gold from surface and at depth over 5
Slide 14: Moktedu Prospect: High-grade results
MOKTEDU PROSPECT For personal use only High-grade results from surface and at depth RC Drilling 6m at 8.36 g/t Au from surface, including 1m at 42.95 g/t Au 3m at 7.64 g/t Au from 33m, including 1m at 20.93 g/t Au 4m at 8.39 g/t Au from 4m Diamond Drilling 21m at 1.13 g/t Au from 121m, including 1m
Slide 15: Moktedu Exploration Summary
For personal use only Moktedu Exploration Summary MOKTEDU Over 10km of gold anomalies, high-grade target
Slide 16: Meguet Prospect
For personal use only MEGUET PROSPECT
Slide 17: Meguet Prospect RC & RAB Results
MEGUET PROSPECT RC & RAB RESULTS For personal use only 2009-10 RC Results 2011-12 RAB Results 7m at 2.32 g/t Au from 4m 10m at 7.67 g/t Au from 0m, ended in mineralisation 8m at 2.52 g/t Au from 37m 10m at 2.77 g/t Au from 0m, ended in mineralisation 20m at 0.95 g/t Au from 0m 24m at 1.00 g/t Au fro
Slide 18: Meguet Exploration Summary
Meguet Exploration Summary For personal use only Over 1km strike of gold mineralisation
Slide 19: Boulsa Project – Regional Exploration Summary
Boulsa Project – Regional Exploration Summary Over 40km strike of auger targets For personal use only 3,000km2 untested virgin greenstone
Slide 20: Summary
SUMMARY Fleet of 6 rigs providing unconstrained cost- For personal use only effective exploration Hands- Highly skilled growth on management Large fertile land Maiden position 100% owned Fully funded resource in 2012 for aggressive exploration through to 2014 Africafastest growing gold region in the
Slide 21: West African Resources Ltd
WEST AFRICAN RESOURCES LTD www.westafricanresources.com ACN 121 539 375 For personal use only Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887 AGM Presentation 26 November 2012 th
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