Sundance Resources — Beadell Resources — Diggers & Dealers 2014
18 slides from Sundance Resources's conference presentation, August 2014
Slide 1: Diggers & Dealers
DIGGERS & DEALERS August 2014
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and may be unkn
Slide 3: Corporate Overview
CORPORATE OVERVIEW… CORPORATE INFORMATION DIRECTORS AND SENIOR MANAGEMENT ASX Code BDR Craig Readhead Ind Non-Exec Chairman Shares on issue 798.7M Ross Kestel Ind Non-Exec Director Options 4.7M Mike Donaldson Ind Non-Exec Director Share Price (31Jul14) A$0.520 Peter Bowler Managing Director Market C
Slide 4: Corporate Overview: Relative performance
CORPORATE OVERVIEW… 1 YEAR SHARE PRICE MOVEMENT 150 6 months 140 Share Price 130 Movement TSX:XGD Relative performance 120 6m = +7.4% rebased to 100 110 1y = +7.3% 100 ASX:XGD 90 6m = +8.3% 80 BDR = $0.750 1y = (10.2%) 70 BDR = $0.520 60 6m = (28.3%) 1y = (30.7%) 50 40 31/7/13 31/8/13 30/9/13 31/10/
Slide 5: Brazil: High Net Return Regime
“BRAZIL: HIGH NET RETURN REGIME…” Tax policy encourages investment in Amapa, i.e. SUDAM incentive scheme – 15.75% Corporate Tax Rate. Low gold royalty of 1% At Tucano, from late 2015, full hydro power is expected at US$0.07 – 0.09 per kwh. Currently, 25% is hydro power. Low wages linked to C
Slide 6: Outlook
OUTLOOK… Brazil CY2014 Guidance: for gold recovered for the CY2014 is forecast at ~180,000 - 200,000 ounces. Cash costs of US$595 – US$645 per ounce and expects full year AISC to be in the range of US$805 – US$855 per ounce. Sustaining capital for CY2014 is forecast to be ~US$20 million. Explo
Slide 7: Tucano – Low Risk, Long Life, Low Cost
TUCANO – LOW RISK, LONG LIFE, LOW COST… 5.0 million ounces resource. Production Summary Unit 1H2014 Gold ore mined t 593,452 1.7 million ounces open pit reserve. Gold ore milled Head grade t g/t 1,977,618 1.07 Recovery % 89 Large 1.5 million ounces resource below Gold produced oz 60,718 Urucum
Slide 8: Tucano Aerial View
TUCANO AERIAL VIEW… Air Strip 7Mt Low Grade Stockpile Accommodation Workshop and Administration Crushing and Grinding Circuit CIL and Gold Elution Circuit 8
Slide 9: Gold Reserve Expansion Focus
GOLD RESERVE EXPANSION FOCUS… Duckhead: focus on extension and repetition of the high grade oxide open pit deposit Urucum Deeps: resource to reserve conversion of 1.5 million ounces resource below the Urucum open pit Mirante (Lookout) Lode : new lode discovered in saddle between Tap AB2 and Ta
Slide 10: Duckhead High Grade Oxide Pit
DUCKHEAD HIGH GRADE OXIDE PIT … Total Duckhead remaining resources: 794,000 tonnes @ 3.62 g/t gold for 93,000 ounces Total remaining open pit JORC reserves: 269,000 tonnes @ 6.43 g/t gold for 55,000 ounces Extension and Step Out Drilling: Commencing with two drill rigs Planview of Duckhead sho
Slide 11: Duckhead Near Mine Targets
DUCKHEAD NEAR MINE TARGETS … Duckhead 3D view looking northwest showing known lodes and Duckhead Main Lode longsection planned drilling Showing new results 11
Slide 12: Urucum Deeps – Future U/G Reserves
URUCUM DEEPS – FUTURE U/G RESERVES… Tucano Long Section Potential underground expansion to maintain forecast future steady state annual production of ~200,000 oz pa Scoping study and major drilling program underway to optimise open pit/ underground interface, targeting maiden underground reserve
Slide 13: Tucano Regional Exploration Potential
TUCANO REGIONAL EXPLORATION POTENTIAL… Mostly contiguous tenure covering 2,500 km². Regional exploration underway with fly Tucano and camps established at Mutum and Sentinela Tartaruga regional targets located 20 km east of Tucano gold geological mine in Brazil. First pass drilling in H2 2014. p
Slide 14: Large Land Holding in the Albany Fraser Belt
IN AUSTRALIA, LARGE LAND HOLDING IN THE ALBANY FRASER BELT… 15 km gold trend discovered 60 km along strike from 7.9 Moz Tropicana Deposit Hercules and Atlantis gold prospects, early stage gold discoveries A major relogging exercise will be completed prior to any further drilling programs in th
Slide 15: Strategy
STRATEGY… Minimise all-in sustaining costs to maximise profitability and cash flow by improving material movement efficiency Implement a dividend plan after end of year financial results Consolidate our position within the lowest quartile of the industry cost curve Maintain a modest revolvin
Slide 16: Peter Bowler, Managing Director
Peter Bowler Managing Director peter.bowler@beadellresources.com.au Telephone: +61 8 9429 0800 www.beadellresources.com.au
Slide 17: Resource Statement
RESOURCE STATEMENT As at 31 December 2013 Measured Indicated Inferred Total Tonnes Grade g/t Ounces Tonnes Grade g/t Ounces Tonnes Grade g/t Ounces Tonnes Grade g/t Ounces ('000) Au ('000) ('000) Au ('000) ('000) Au ('000) ('000) Au ('000) Urucum Oxide 983 1.40 44 3,584 1.13 130 12,737 0.69 284 17,3
Slide 18: Reserve Statement
RESERVE STATEMENT As at 31 December 2013 Proved Reserve Probable Reserve Total Mineral Inventory Cut off Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces g/t ('000) g/t Au ('000) ('000) g/t Au ('000) ('000) g/t Au ('000) Urucum Oxide 873 1.38 39 2,949 1.08 102 3,822 1.15 141 0.57 Tap AB O