Korab Resources Limited · ASX:KOR
Korab Resources — Investor Presentation (May 2013)
18 slides from Korab Resources's investor presentation, May 7, 2013
Slide 1: Korab Resources Limited – Gold Operations Update May 2013
Korab Resources Limited Gold Operations Update – May 2013 Andrej K. Karpinski Executive Chairman ASX: KOR
Slide 2: Korab Capital Structure and Board
KORAB Korab Capital Structure and Board RESOURCES LIMITED Korab Historical Share Price Chart vs. Gold Index ASX : KOR Shares on issue: 135 million Options on issue (25 cents exercise price): 44 million Last price: $0.07 Market Cap: $9 million Top 20 shareholding: 57% Directors shareholding: 20% Boar
Slide 3: Robust Undervalued Gold Portfolio
KORAB Robust Undervalued Gold Portfolio RESOURCES LIMITED Gold inventory of 2.38 million ounces of gold in JORC resource* Bobrikovo gold and silver project in Ukraine Mineral resource of 2 million ounces Au* Exploration target of between 7 million ounces and 13.9 million ounces Au** based on 55 mill
Slide 4: Korab Projects
KORAB Korab Projects RESOURCES LIMITED BOBRIKOVO MELROSE Korab Gold Projects Other Korab Projects 3 ASX: KOR
Slide 5: About the Bobrikovo Project
KORAB About the Bobrikovo Project RESOURCES LIMITED Project is located within a large intra- continental structure hosting several world-class gold mining operations including Muruntau, Vysokovoltnoe, and Bakirchic BOBRIKOVO Tenor and style of mineralisation at Bobrikovo is similar to 170 million oz
Slide 6: Bobrikovo Project Description
KORAB Bobrikovo Project Description RESOURCES LIMITED Resource increased to 2 million ounces of gold over 2 years Over $5 million spent to date by Korab Group on the project exploration, evaluation and development Over $16 million spent on the project by previous owners (resource definition and expl
Slide 7: Bobrikovo Resource Base
KORAB Bobrikovo Resource Base RESOURCES LIMITED Current gold resource at Bobrikovo Resource by category • 2.04moz Au in 37 Mt @ 1.7 g/t Au (0.5g/t cut-off) At 0.5 g/t Au cut-off ORE_MASS AU_CONTENT AU_MASS Bobrikovo gold resource includes high grade component [1000t] [g/t] [Mln oz.] Measured 1,660.3
Slide 8: Resource Model at 0.5 g/t Au cut
KORAB Resource Model at 0.5 g/t Au cut RESOURCES LIMITED Current JORC resource is only constrained by depth and density of drilling Majority of drill-holes ended in mineralisation Drilling program to test for extensions at depth and along strike expected to be completed in second half of 2013 *** **
Slide 9: Selected Significant Intercepts
Selected Significant Intercepts KORAB Greater than 15m in width and greater than 2g/t Au RESOURCES LIMITED 45.5 m at 6.15 g/t Au and 27.9 g/t Ag from 1.5 m to 47 m 55.6 m at 2.25g/t Au and 17.2g/t Ag from 13.5 m to 69.10 m 19.3 m at 5.79 g/t Au and 18.7 g/t Ag from 2 m to 21.6 m 15.6 m at 4.81 g/t A
Slide 10: Selected Significant Intercepts
Selected Significant Intercepts KORAB Greater than 10m in width RESOURCES LIMITED Hole_ID From To Interval Au Average Ag Average including Interval Au Average Ag Average 685 9.00 23.00 14.00 2.39 80.66 Including 2.00 4.90 216.00 687 11.00 30.00 21.50 4.76 56.15 Including 2.20 20.85 108.82 692 33.00
Slide 11: Bobrikovo Mineralisation Style
KORAB Bobrikovo Mineralisation Style RESOURCES LIMITED 2million oz. Au mineral resource where mineralisation is associated with extreme fracturing of the sandstone and A metasomatic leaching causing a halo effect around the higher grade main veins. 7-13.9 million oz. Au exploration target sits withi
Slide 12: Gold Production Key Points
KORAB Gold Production Key Points RESOURCES LIMITED Stage 1 gravity plant CAPEX estimated at $700,000 (equivalent to 470 oz. Au) Stage 1 gravity plant to use 330,000 tonnes of a blend of high and low grade rock mined and stockpiled on site by Korab which will be blended to an average grade of 3.04 g/
Slide 13: In-country Management
KORAB In-country Management RESOURCES LIMITED Korab has a strong technical team based in the Ukraine responsible for the existing mining operations Senior Management Mr A. Najmitdinov Ex – Severstal Gold, Oxus Gold, and Newmont Gold, MBA from University of Denver, 10 years senior Country Manager man
Slide 14: Melrose Resource Base
KORAB Melrose Resource Base RESOURCES LIMITED Current gold resource at Melrose stands at 6.6 million tonnes @ 1.61 g/t for 340,000 oz. Au (0.5g/t cut-off) Measured and indicated resource totals 3.3 Mt @ 1.7 g/t Au for 185,000 oz. Au Melrose deposits remain open at depth and along strike with strong
Slide 15: Summary
KORAB Summary RESOURCES LIMITED Gold inventory of ~2.38 million ounces of gold in JORC resource* plus substantial exploration potential (see page 2 for exploration target) Potential to become gold producer at exceptionally low capital cost ($700,000) and very low processing costs ($295/oz. Au) Fully
Slide 16: Peer Comparison
KORAB Peer Comparison RESOURCES LIMITED Korab Resources 4 15 ASX: KOR
Slide 17: Appendix A
KORAB Appendix A RESOURCES LIMITED Bobrikovo Gold Resource at 0.5 g/t Au Bobrikovo Gold Resource at 2 g/t Au Category Tonnes ‘000 Grade g/t Au Gold Ounces Category Tonnes ‘000 Grade g/t Au Gold Ounces Measured 1,660 2.05 0.11 Measured 471 4.72 0.07 Indicated 7,274 2.79 0.65 Indicated 3,223 4.56 0.47
Slide 18: Important Information
KORAB Important Information RESOURCES LIMITED This presentation has been prepared by Korab Resources Limited (“Korab” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation