Gwr Group Limited · ASX:GWR
Gwr — Golden West Resources — Shareholder Meeting (November 2006)
40 slides from Gwr's shareholder meeting presentation, Nov 29, 2006
Slide 1: Annual General Meeting Presentation
29 November 2006 ASX ANNOUNCEMENT Corporate Summary ANNUAL GENERAL MEETING PRESENTATION ASX Code: GWR ========================================= Issued Capital: 60 Mil Issued Options: 28 Mil The Company advises that the attached presentation will be Market Cap fully diluted made at the Annual General
Slide 2: Wiluna West Project
Golden West Resources Limited ABN 54 102 622 051 Wiluna West Project A high grade direct shipping iron ore project with potential of at least 200 to 250 million tonnes Significant gold resources 87,000 oz Significant uranium potential PRESENTATION ASXCode:GWR November 2006
Slide 3: Disclaimer
Disclaimer This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This document is not a Prospectus nor an Offer to Subscribe for Shares. Golden West Resources Limited and its Directors, employees and consultants make no representations or warran
Slide 4: The Story So Far
The Story So Far The Wiluna region hosts significant gold, iron, lead, nickel, uranium deposits The Company listed on ASX December 2004. Early 2005, Golden West Resources commenced a gold exploration campaign with encouraging results. Iron ore surface sampling from over 10 kms of strike returned sam
Slide 5: High grade hematite Wiluna West
High grade hematite Wiluna West
Slide 6: Sampling Hematite Ridge
Sampling Hematite Ridge GoldenWest RESOURCES LIMITED
Slide 7: Iron Ore is the Focus
Iron Ore is the Focus Strategy Golden West Resources is focused on the development of the Wiluna West iron ore Project in two Stages: Stage 1: Generate early cash flow from production and sale of 1 million tonnes per annum of high grade direct shipping iron ore using existing infrastructure. Stage 2
Slide 8: Wiluna West Iron Project: The Stage 1 Plan
Wiluna West Iron Project The Stage 1 Plan: Outline JORC reserve of 5 million tons of high grade direct shipping iron ore for sale and export to produce early cash flow. Mapping drilling metallurgical testing underway. Current infrastructure, transport via road to Leonora and rail to Esperance Po
Slide 9: Wiluna Iron Project: The Stage 2 Plan
Wiluna Iron Project The Stage 2 Plan: This will run concurrently with Stage 1: Define resources of 100 to 200 million tonnes. Resource definition drilling on Unit B and Unit C underway. Potentially large deposit at C4 already identified. Drilling on C4 ,+63%Fe zone, up to 130m wide,1.2km lon
Slide 10: Infrastructure is the key
Infrastructure is the key PORT ROAD RAIL TOTAL Esperance 280 620 900 Geraldton 580 120 700
Slide 11: Infrastructure Planning Stage 1
Infrastructure Planning Stage 1. 1mil Tonnes Per Annum Trucking to Leonora 320 kms and rail to Esperance 600kms. Esperance port facilities, tippler and shed to be built. Raymond Marks is undertaking infrastructure planning. Leonora transfer to rail and stock pile area to be set up. Road fr
Slide 12: Infrastructure Planning Stage 2
Infrastructure Planning Stage 2 Sale and export of up to 10 m. tonnes pa New port to be built at Oakajee or use existing Esperance Port. Railway Wiluna to Meekatharra to Oakajee being assessed. Total distance 680kms. New rail to be built Wiluna to west of Meekatharra 250kms to join Midwest Infra
Slide 13: Regional Address
Regional Address Region contains a number of world class mineral deposits. Includes: Mt Keith (Ni) Wiluna (Au) Jundee (Au) Magellan (Pb) Yeelirrie (U) Wiluna West (Fe)
Slide 14: Archaean Iron Deposits WA
Archaean Iron Deposits WA DEPOSIT TONNES GRADE (Million) (%) Koolyanobbing 37.4 61.52 Mt Jackson 47.7 60.92 Windarling 55.4 63.74 Tallering Peak 14.0 62.40 Mt Gibson 15.4 61.25 Jack Hills 8.5 63.00 Jack Hills 67.0 62.00 (resource)
Slide 15: Five potential iron mineralised units A, B, C, D, E
Five potential iron mineralised units A, B, C, D, E
Slide 16: Wiluna Iron Project Geology
Wiluna Iron Project Geology 5 prospective mineralised units (Units (A) to (E)) Tenement area increased from 98sq kms to approx 440 sq kms Cumulative strike of 125kms Only Unit (B) and Unit (C) to date explored and this only in the northern exposed areas, representing 30% of strike. Souther
Slide 17: Satellite image showing northern exposed region of project
Satellite image showing northern exposed region of project.
Slide 18: Detailed air magnetics (north)
• Detailed air magnetics (north)
Slide 19: Detailed air magnetics south
• Detailed air magnetics south
Slide 20: Units A, B, C detailed geology
. Units A, B, C detailed geology
Slide 21: Unit B Potential (50 Mt)
Unit B Potential (50 Mt) Confidently traced by outcrop and magnetics for 35km. Northern portion is well exposed for 15km. Multiple hematite horizons developed over a width of 80m with generally 3 horizons. Rock chips over 10km averaged 68.5% Fe, 1.7% SiO2, 0.69% Al2O3, 0.05% P. Hard hemati
Slide 22: Unit (C) Potential at least 150 Mt
Unit (C) Potential at least 150 Mt Confidently traced for 45km Northern portion exposed for 20km Regional mapping and rock chip sampling on traverses at 2km intervals on northern portion. Considerably wider than Unit B with widths of up to 500m Drill testing of 4 target areas C1 to C4 comm
Slide 23: New Iron Deposit at C4
New Iron Deposit at C4 a) GoldenWest RESOURCES LIMITED T 792 400 E ant oe ak gee ae ®
Slide 24: Slide 24
Slide 25: C4 Prospect Significant RC Drill Hole Intercepts
C4 Prospect Significant RC Drill Hole Intercepts HOLE # FROM TO WIDTH Fe (M) (M) (M) (%) WWRC200 36 90 54 63.3 WWRC202 31 64 33 61.7 WWRC302 32 80 48 61.5 WWRC308 19 80 61 62.4 WWRC312 3 80 77 63.8
Slide 26: Bowerbird South Prospect Significant RC Drill Hole Intercepts
Bowerbird South Prospect Significant RC Drill Hole Intercepts HOLE # FROM TO WIDTH Fe (M) (M) (M) (%) WWRC252 31 64 33 62.2 WWRC256 15 37 22 61.6 WWRC265 28 43 15 64.6
Slide 27: Typical Section of Mineralisation at Bowerbird
Typical Section of Mineralisation at Bowerbird 90m Ultramafic Rock Average Wall Angle 45 Degrees Hematite / Banded Iron X 40m X Strip ratio2:1
Slide 28: Bowerbird Mining
Bowerbird Mining GrieakeBed memes Diversion Bower Bird Pit Depth 60m Below General Topography
Slide 29: Typical Section of Mineralisation at Area C4
Typical Section of Mineralisation at Area C4 90m Ultramafic Rock Average Wall Angle 45 Degrees Hematite / Banded Iron X 60m X Strip Ratio 0.8:1
Slide 30: Milestones to Monitor
Milestones to Monitor 4 QTR06: Mapping & Drilling campaign continues at identified targets on iron mineralised units B & C. 4 QTR06: Drilling continues at deposits C4 C3 and Bowerbird. 4 QTR06: Exploration continues on other targets on B & C units. 4 QTR06: Feasibility Study complete on high grade h
Slide 31: Milestones to Monitor
Milestones to Monitor 1 QTR07: Feasibility Study for Stage 1 to be completed. 1 QTR07: Enter MOU for joint venture and infrastructure Stage 1 & 2. 1 QTR07: Esperance Port Infrastructure decision shed and tippler. 2 QTR07: Enter MOU sale agreement Stage 2 for 10m tonne p/a. 2 QTR07: Start formulating
Slide 32: West
West RESOURCES
Slide 33: RESOURCES
RESOURCES
Slide 34: West
West RESOURCES
Slide 35: GoldenWest
Gi) GoldenWest RESOURCES LIMITED
Slide 36: GoldenWest
GoldenWest RESOURCES LIMITED
Slide 37: GoldenWest
Gi) GoldenWest RESOURCES LIMITED et
Slide 38: West
West RESOURCES
Slide 39: RESOURCES
RESOURCES
Slide 40: Contact Us
Contact Us Gary Hutchinson (ASX: GWR, GWRO) Managing Director Email: gary@goldenwestresources.com Mick Wilson Exploration Manager/Director Email: mick@goldenwestresources.com Phone: +61 9 9201 9202 Web: www.goldenwestresources.com
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