Gwr Group Limited · ASX:GWR
Gwr — Golden West Resources — Midwest International Mining Forum 2012
30 slides from Gwr's conference presentation, November 2012
Slide 1: Midwest International Mining Forum
Midwest International Mining Forum Partnerships & Possibilities November 2012
Slide 2: Regulatory and Compliance Disclaimer
Regulatory and Compliance Disclaimer This presentation contains reference to certain plans of Golden West Resources Limited which may or may not be achieved. The performance and operations of Golden West Resources Limited may be influenced by a number of factors, uncertainties and contingencies many
Slide 3: Corporate Snapshot
Corporate Snapshot Issued Securities Board and Senior Management Ordinary Shares (GWR) 192M Gary Lyons – Non-executive Chairman Issued Options 25M Tan Sri Dato’ Tien Seng Law – Deputy Chairman Chin An Lau – Non-executive Director Major Shareholders Kong Leng Lee (Jimmy) – Non-executive Director Clif
Slide 4: Project Interests
Project Interests Iron Ore Development Project – Wiluna West Iron Ore Advanced Gold Project – Wiluna West Gold Iron Ore Exploration Projects – Woodley Iron Project – Earaheedy Iron Project – Booylgoo Iron Project Equity investments – West Peak Iron Limited (18.6%) – Stratex International PLC (0.4%)
Slide 5: Wiluna West Project Overview
Wiluna West Project Overview Tenement holding 267km2 Granted mining leases over main project area DSO hematite Mineral Resource Estimate of 130Mt @ 60% Fe DSO hematite Mineral Reserve Estimate of 69.2Mt @ 60.3% Fe Gold Mineral Resource Estimate of 3.5Mt @ 2.3g/t for 258,200 oz
Slide 6: Wiluna West Iron Ore
ani ‘ GWR Wiluna West Iron Ore
Slide 7: Wiluna West Iron Ore
+ 7010 000 0 780000 me GWR Wtura Comp —~ 730 000 mE 200000 a 810.c00 me Bowerbird North Bowerbird Central | ——{uara) Bowerbird South Joyners Find North Joyners Find -JWD | ——~ Joyners South 53/1088 nd M53/1079Jodolee WILUNA® GWR
Slide 8: Status Resources and Reserves
Status Resources and Reserves Resource definition drilling largely completed 130Mt of JORC* DSO hematite Resource 69Mt of Proven & Probable JORC Reserves, with an additional 13Mt of Inferred Resource within Reserve pit limits (total of 82Mt) *JORC refers to the Australasian Code for Reporting of Exp
Slide 9: JORC Resources and Reserves
JORC Resources and Reserves Classification Tonnes (Mt) Fe (%) SiO2 (%) Al2O3 (%) LOI (%) P (%) DSO Measured 3.7 59.6 7.8 2.5 4.0 0.09 Hematite Resources Indicated 77.2 60.3 7.4 2.4 3.6 0.05 Inferred 49.5 59.7 7.3 2.4 3.9 0.05 Total 130.3 60.0 7.4 2.4 3.6 0.06 Classification Tonnes (Mt) Fe (%) SiO2 (
Slide 10: Infrastructure Overview
Infrastructure Overview Existing port options available: – Esperance (planned upgrade) – Geraldton Future port option: – Oakajee (proposed) Port Spur or Road Public Rail Total Esperance 320km 650km 970km Geraldton 720-838km Nil 720km* 608km 112km 720km Esperance Port Oakajee 230km 400km 630km km = k
Slide 11: Existing Port and Rail Infrastructure
Existing Port and Rail Infrastructure Esperance Tom Price Paraburdoo Newman Deep water port – Capesize vessels GOLDEN WEST RESOURCES WILUNA WEST IRON PROJECT Planned upgrade by up to 20 Mt Capacity Reservation Deed in place PROPOSED RAILWAY Jack Hill Wiluna West to proposed Oakajee Port Meekatharra
Slide 12: Project Status - Infrastructure
Project Status - Infrastructure In January 2012, Western Australian State Government announced intention to upgrade Esperance Port by up to 20Mtpa Esperance Multi-User Iron Ore Facility (MIOUF) market sounding and consultation with private sector – June to November 2012 – and nearing conclusion. Cap
Slide 13: Wiluna West JWD Mining Project
Wiluna West JWD Mining Project
Slide 14: JWD Mining Approval
JWD Mining Approval In April 2012 the WA Department of Mines and Petroleum approved the mining proposal for the John William Doutch (JWD) high grade deposit Clearing permit previously approved by Department of Environment and Conservation Mining Approval concerns 3 million tonnes @ 1Mtpa
Slide 15: JWD Mining Approval
JWD Mining Approval JWD Hematite Classification Tonnes (Mt) Fe (%) SiO2 (%) Al2O3 (%) LOI (%) P (%) Resource Indicated 6.3 64.5 2.6 1.6 2.7 0.03 Reported above a 50% 4.5 63.6 3.0 1.5 2.6 0.03 Inferred Fe Cut-Off Total 10.8 64.1 2.8 1.6 2.6 0.03
Slide 16: JWD Mining Approval
JWD Mining Approval JWD mine development planning well advanced Discussions underway with interested parties in relation to transport and port access In-fill drilling (50x20m) completed August 2012 to support detailed mine planning Logistics studies being finalised Metallurgical test work and materi
Slide 17: BF Ferrous Lump – Material Characterisation
BF Ferrous Lump – Material Characterisation
Slide 18: BF Requirements for Ferrous Materials
BF Requirements for Ferrous Materials
Slide 19: BF Ferrous Lump – Material Characterisation
BF Ferrous Lump – Material Characterisation Tumble Index (TI) and Abrasion Index (AI): Measures cold strength and degradation during handling from mine to charging to the BF – impacts on lump yield Decrepitation Index (DI): Generation of fines due to decomposition (thermal shock) of hydrated ores in
Slide 20: GWR Lump vs Seaborne Traded Lump
GWR Lump vs Seaborne Traded Lump The CSIRO R&D test results for the GWR lump indicate the lump is suitable for BF use: RDI at 9 is low which is good DI is acceptable (<9 is preferred) RI is acceptable but moderately low ( >62 is preferred) TI & AI indices indicate a competent lump which would genera
Slide 21: GWR Lump - Chemistry
GWR Lump - Chemistry Typical Chemical Analysis: (JWD lump - dry Wt % at loading) Component Fe (Calcined) 65.7 Fe (Natural) 63.5 SiO2 3.7 Al2O3 1.6 P 0.02 LOI 3.4 Craig Ferrier at Wiluna West Iron – JWD Project site
Slide 22: GWR Lump – Test Results
GWR Lump – Test Results RDI (%-2.8mm) DI (%-5.0mm) RI 64 25 12 62 20 10 8 60 15 6 58 10 4 56 5 2 54 0 0 52 A B C GWR A B C GWR A B C GWR TI (%+6.3mm) AI (%-0.5mm) 92 12 90 10 88 8 86 6 84 4 82 2 80 0 A B C GWR A B C GWR
Slide 23: Regional Exploration DSO Iron
Regional Exploration DSO Iron
Slide 24: Regional Exploration – Woodley
Regional Exploration – Woodley Woodley is located 100km south- west of Wiluna DSO hematite targets identified Initial GWR mapping and rock chip sample results identified widespread hematite and goethite mineralisation over 15km strike length 70% of 225 rock chip samples collected had grades >55% Fe
Slide 25: Regional Exploration – Earaheedy
Regional Exploration – Earaheedy Earaheedy basin located 200km north-east of Wiluna and GWR tenements considered highly prospective for and applications both iron and manganese deposits GWR recently acquired 1382km2 Hematite goethite mineralisation identified in 1970s associated with Frere Formation
Slide 26: Equity Interests Investments
Equity Interests Investments
Slide 27: Equity Interests - Investments
Equity Interests - Investments ASX Listed West Peak Iron Limited (WPI) WPI have a significant landholding in the West African country of Liberia with 977km2 of tenements in four project areas all containing identified iron – bearing formations, that are located close to port, rail and road infrastru
Slide 28: Key Project Milestones
Key Project Milestones Milestone Status Complete Native Title Agreement Jul 2010 69 Mt Reserve Aug 2011 Small Mining Approval (JWD) Apr 2012 Esperance Capacity Reservation Deed Jul 2012 JWD lump test work Sep 2012 Esperance Port Upgrade Nov 2012 – MUIOF Market Sounding recommendations pending JWD Mi
Slide 29: For further information
For further information Craig Ferrier Executive General Manager Golden West Resources Limited T +61 8 9201 9202 M +61 417 183 269 E craigf@goldenwestresources.com Suite 2, 138 Main St Osborne Park WA 6017 www.goldenwestresources.com ASX Code: GWR
Slide 30: GWR
‘ GWR
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