Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Investor Presentation (February 2015)
19 slides from Prospect Resources's investor presentation, Feb 5, 2015
Slide 1: A Southern African Focused Mining Company – Preparing for First Gold Production
For personal use only A Southern African Focused Mining Company – Preparing for First Gold Production February 2015 ACN 124 354 329 1 Prospect Resources
Slide 2: Disclaimer & JORC Notice
For personal use only Disclaimer & JORC Notice The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd (“Prospect Resources or the Company”) or its respective employees, agent
Slide 3: Corporate Snapshot
Corporate Snapshot Summary – February 2015 Fund Raising History For personal use only •ASX Code: PSC • Jan 2014 raised A$1.1m at 1.0c •Shares on issue: 687 m* • Aug 2014 raised A$1.1m at 1.5c •Options (1.5c ex): 142 m • Jan 2015 raised A$0.3m at 1.5c* •Last Share Placement Price : 1.5c •Market Cap a
Slide 4: Strategy – Acquire assets in a 'Buyers Market'
Strategy – Acquire assets in a ‘Buyers Market’ • Build a Southern African focused mining Company For personal use only • Build the asset portfolio whilst there are few competing buyers in the market • Acquire controlling equity interests in existing mining projects; – current producers; – historic g
Slide 5: Achievements to Date
Achievements to Date • We have built the African based team For personal use only – 3 of 5 Directors are African based – All geological, engineering and mining operations persons are based in Southern Africa • Secured strategic, African based, cornerstone investors • We have completed 2 successful g
Slide 6: Track Record of Exec Directors & Management
Track Record of Exec Directors & Management • Farvic Consolidated Mines For personal use only – Harry Greaves has opened and operates 3 gold mines in the last 10 years in Zimbabwe. He is one of the only mining executives in Zimbabwe to have opened any new gold mining operations in this period • FRR
Slide 7: Exec Management & Board of Directors
Exec Management & Board of Directors • Duncan (Harry) Greaves (48) Executive Director Mr Greaves is a 4th generation Zimbabwean and a resident of For personal use only Zimbabwe. He holds a B.Sc (agriculture) from University of Natal. He is the founding shareholder of Farvic Consolidated Mines (Pvt)
Slide 8: Senior Management & Advisors
Senior Management & Advisors • Chris Rees (45) Chief Operating Officer Chris Rees is a Zimbabwean based Project Manager and Engineer with For personal use only experience of building and operating mines in the Southern African region, especially Zimbabwe. He has worked with large corporates like IAM
Slide 9: Corporate Structure
Corporate Structure Prospect Resources Ltd For personal use only 100% Prospect Resources Pte Limited Farvic Consolidated Mines (Pvt) Ltd Zimbabwe Investment Authority Approved Certified Zimbabwean Indigenous Company (“Prospect Singapore”) (“Farvic”) 70% 30% Hawkmoth Mining & Exploration (Pvt) Ltd Ce
Slide 10: Prestwood - Preparations for Gold Production
Prestwood - Preparations for Gold Production • Maiden drill programme confirms gold mineralised Prestwood For personal use only Reef continues under old workings – Five of the six holes drilled have intersected the Prestwood Reef down dip of the historic mine workings, to 195m below surface. – Drill
Slide 11: Prestwood - Future Development
Prestwood - Future Development • Multiple Parallel Structures For personal use only – Recent ground magnetics have identified multiple parallel structures adjacent to the Prestwood Mine - a number of these reefs are being mined artisanally. • Development Drilling – Next drill programme to be carried
Slide 12: Greater Farvic – Future Development
Greater Farvic – Future Development • Prestwood Mine – First Production For personal use only • Sally & Valley historic Gold Mines – All under tribute to local small scale miners. – Technical, logistical and HSE support provided by Farvic Mine. – Possible candidates for 2nd and 3rd gold mining opera
Slide 13: Bushtick: Trenching Confirms Gold Mineralisation
Bushtick: Trenching Confirms Gold Mineralisation • 1,200m trenching programme confirms 9 zones of For personal use only economic gold grade over 7 of 10 trenches including: – Trench 6: 1.3g/t over 15m (incl. 2.8g/t over 5m); – Trench 4: 1.21g/t over 7m (incl. 1.91g/t over 4m) & 1.1g/t over 12m (incl
Slide 14: Zimbabwe Indigenization Approvals
Zimbabwe Indigenization Approvals For personal use only • Zimbabwe Investment Authority has approved the Company’s application to own a 70% equity interest in Hawkmoth (via Prospect Singapore) with the following conditions: – The Company funds all exploration costs and upon commencement of productio
Slide 15: Location of Mining Projects
Location of Mining Projects For personal use only 15 Prospect Resources
Slide 16: Greater Farvic – Historic Production
Greater Farvic – Historic Production For personal use only • Prestwood Mine (499kg of gold at 33.1g/t), – Multiple veins in greenstones along monzonite contact, similar to Farvic. – Reef open ended down dip below 250m • Sally Mine (756kg of gold at 6.9g/t), – Wide quartz stockwork (up to 4m ) dippin
Slide 17: Bushtick – Historic Production
Bushtick – Historic Production For personal use only • Historic production was from four shafts; down to 12 level ; approx. 300m depth; 470,000oz Au, at 4 g/t cut-off, to 1950 • High cut-off grade, resulted in preferential mining of 4 high grade shoots. • Not subject to artisanal mining • The Prospe
Slide 18: Penhalonga - Historic Production
Penhalonga - Historic Production For personal use only • Historic Production – 185,000 Oz produced from 1895 – 1943 from 2 main shafts & numerous adits within talc-schist zone. • Geological Setting - “In terms of production, the host Mutare Greenstone Belt at 122kg Au/km2 is one of the richest belts
Slide 19: Prospect Resources Limited
For personal use only Prospect Resources Limited | ACN 124 354 329 Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300 | www.prospectresources.com.au 19 Prospect Resources
Prospect Resources — Investor Presentation (February 2015) on 6ix