Gwr Group Limited · ASX:GWR

Gwr — Golden West Resources — Mid West Economic and Resources Summit 2010

17 slides from Gwr's conference presentation, Aug 31, 2010

  1. Slide 1: Investor Presentation news release

    NEWS RELEASE 31 August 2010 INVESTOR PRESENTATION Please find attached the presentation to be made by Chief executive officer, Mark Hine to the Mid West Economic and Resources Summit 2010 in Geraldton today. - ENDS - Please direct enquiries to: John Lester Director Tel: +61 8 9201 9202 Email: admin@

  2. Slide 2: Mid West Economic and Resources Summit 2010

    Mid West Economic and Resources Summit 2010 Golden West Resources– A Sound Investment

  3. Slide 3: Overview

    Overview Issued Securities David Sanders (Non Executive Chairman) Gary Lyons (Non-Executive Director) Ordinary Shares (GWR) 165M 15 years experience 20 years experience in corporate and & MD, Heiniger Groups Issued Options 28M resources law Aust. Ops, Chairman Stallion Stations, Director Biological

  4. Slide 4: Project Overview

    Project Overview Project Inventory  Project located 40kms west of Wiluna.  Tenement holding of 440km².  Iron Ore Mineral Resource of 148Mt @ 59% Fe (second largest hematite deposit in Midwest region).  Gold Mineral Resource of 3.48Mt @ 2.3g/t for 258,200 Oz. Wiluna West – Quality Mineral Resourc

  5. Slide 5: Development Strategy

    Development Strategy Flexible Development Strategy  Infrastructure is the Vital Element  Availability of Two Ports (Esperance or Wiluna West Mineral Resource Update Oakajee) February 2010 (50% Fe cut-off)  Iron Ore Project Developed in 3 Stages:  Stage I – Mine 1Mtpa High Grade Classification To

  6. Slide 6: Stage I: Short Term Strategy

    Stage I: Short Term Strategy Wiluna West Project Map Core Elements:  Demonstrate Robustness of the Project and Quality of the Resource – Project Margin > $20/t  Mine 1mtpa High Grade DSO from JWD Deposit over 2-3 years.  Truck to Leonora and Rail to Esperance Port.  Scoping Studies completed end

  7. Slide 7: Esperance: Unlocking Immediate Value

    Esperance : Unlocking Immediate Value Marble Bar Karratha Why Esperance? Tom Price Stage I & II development strategies. Paraburdoo Newman GOLDEN WEST RESOURCES  WILUNA WEST IRON PROJECT  Prefeasibility Engineering studies completed. PROPOSED RAILWAY Jack Hill  Infrastructure is in place: Wiluna W

  8. Slide 8: Stage II: Medium Term Strategy

    Stage II: Medium Term Strategy Core Elements:  Upgrade existing Rail and Port Infrastructure to accommodate an additional 5-7mtpa of shared throughput at Esperance.  Desktop Infrastructure Capex estimate of $150M for the upgrade of existing rail and port to be shared with identified potential and

  9. Slide 9: Stage III: Long Term Strategy

    Stage III: Long Term Strategy Core Elements:  Oakajee or Esperance Port option to be selected. CROSSLANDS  Esperance (a possible alternative): GOLDEN WEST RESOURCES  Requires ~400kms of new rail from Wiluna West to Menzies.  Link in emerging producers (Cashmere CASHMERE MINDAX IRON Iron, Mindax,

  10. Slide 10: Stage III: Long Term Strategy

    Stage III: Long Term Strategy Core Elements (cont’d):  Oakajee (preferred)  Phase I – Port 45Mtpa, Rail 75Mtpa  Dependent on new Oakajee Port and Rail being developed to Weld Range  Requires 230kms of new rail/haulroad from Wiluna West to Weld Range.  Potential for GWR to blend with others.  O

  11. Slide 11: Market Outlook

    Market Outlook Calendar Year 2010 – Iron Ore Market  Chinese Steel Consumption forecast to double over next 10 years.  Iron Ore Market to remain in tight supply until 2013.  China is experiencing a remarkable demographic transition.  China now the Worlds largest Automobile Manufacturer. Source:

  12. Slide 12: Key Project Milestones

    Key Project Milestones Milestone Target Date Status Native Title Agreement Jul 2010 Finalised 60 Mt Reserve Mar 2011 Advanced Stage I Mining Approval Dec 2010 Application lodged Stage I Rail and Port Agreements Dec 2010 Initiated Approvals/Infrastructure Stage I Mining Apr 2011 Dependent 10Mt DFS (c

  13. Slide 13: Gold Resource Map

    Gold Resource Map Core Elements  Recent resource upgrade yielding a 230% increase to a combined gold Resource of 3.48Mt @ 2.3g/t for 258,200oz.  Gold Resource largely above 50m depth.  Significant potential for new discoveries upon the regional Joyners Find and Brilliant Shear Zones.  Infill RC

  14. Slide 14: Gold Resources

    Gold Resources Prospect Resource Shear Tonnage Grade Ounces Type g/t Au Au Golden Monarch Indicated JSZ 46,000 3.54 5,200 Inferred 685,000 2.31 50,900 Eagle Inferred JSZ 489,000 2.40 37,800 Iron Hawk Inferred JSZ 138,000 1.53 6,800 Iron King Inferred JSZ 481,000 2.30 35,600 Goldfinch Inferred JSZ 80

  15. Slide 15: Summary

    Summary  High quality deposit, a sound development strategy and access to “open access infrastructure options”.  Actively progressing Stage I Development of Wiluna West (1Mtpa DSO)  Low risk Capex option.  Offtake partner to underpin project economics already in place.  Operating cost of A$80 p

  16. Slide 16: Regulatory and Compliance

    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

  17. Slide 17: Thank You

    Thank You Golden West Resources– A Sound Investment

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