Antilles Gold Ltd · ASX:AAU
Antilles Gold — PanTerra Gold — Investor Presentation (March 2015)
17 slides from Antilles Gold's investor presentation, Mar 3, 2015
Slide 1: PanTerra Gold Limited Investor Presentation
Las Lagunas Albion/CIL Process Plant, Dominican Republic PanTerra Gold Limited Investor Presentation 3 March 2015 PanTerra Gold is an Australian mining company producing gold and silver from refractory ore in the Dominican Republic. The Company’s future focus will be on the application of its techni
Slide 2: PanTerra Gold - Focus
PanTerra Gold - Focus • Ensuring the Company’s Las Lagunas operations in the Dominican Republic ASX: PGI produces approximately 45,000 oz gold, and 300,000 oz silver per year to Q3 Issued Shares* 84.8M 2019 Share Price* AU$0.17 • Accessing clean refractory concentrate 52 Week Low/High AU$0.11-AU$0.5
Slide 3: Las Lagunas Project - Location
Las Lagunas La Paciencia Barrick’s Pueblo Viejo Mine Dominican Republic La Perseverancia Fuerte Las Lagunas Project - Location 3
Slide 4: Las Lagunas Project - Background
Las Lagunas Project - Background • Reprocessing high grade sulphide tailings from historic production at the Pueblo Viejo mine in the Dominican Republic (recently redeveloped by Barrick and Goldcorp) • World’s first utilisation of Albion process for oxidation of refractory ore containing precious me
Slide 5: Refractory Ores Albion Oxidation Process
Refractory Ores A refractory ore containing gold is one in which the gold is usually present as finely disseminated particles in sulphide minerals such as pyrite and arsenopyrite. Conventional cyanide leaching relies on the cyanide lixivant making contact with the gold particle, dissolving the gold
Slide 6: Las Lagunas Project - Key Statistics
Las Lagunas Project - Key Statistics • Original JORC indicated resource: 5.13Mt @ 3.78g/t Au, 38.6g/t Ag (620koz Au, 6.4Moz Ag) • Remaining resource as at 28 February 2015 approximately 3.4Mt • Remaining operating life 4.5 years • ~87,000 oz gold hedged at ~US$1,200/oz (silver unhedged) • Las Laguna
Slide 7: Las Lagunas Project - Production Forecast
Las Lagunas Project - Production Forecast CY 2015 CY 2016 46,500 oz Au 46,500 oz Au Production* 318,600 oz Ag 318,600 oz Ag Revenue US$60.8M US$61.2M Net Profit before Depreciation* After Government Royalties, Technical Services, US$20.0M US$24.0M Overheads, and Financing (Taxation not applicable) N
Slide 8: Las Lagunas Project - Tailings Reclaim
Las Lagunas Project - Tailings Reclaim • Low cost reclaim of sulphide tailings using dredges • Dredges feed to thickener for density control prior to delivery to plant • Three dredges in operation providing redundancy 8
Slide 9: Las Lagunas Project - Process Plant
Las Lagunas Project - Process Plant • Industry standard grinding and flotation circuits • Flotation concentrate goes to Albion oxidation circuit • Albion oxidation circuit comprises o Ultra fine grinding (Isa Mill) o Oxidative leach tanks (‘Albion’ reactors) • Oxidized output from Albion circuit fed
Slide 10: Corporate Development Plan
Corporate Development Plan • Capitalise on written down value of process plant, existing environmental permits, low-cost trained workforce, and further 15 year storage capacity of Las Lagunas tailings dam • PanTerra Gold to earn 50% interest and Management of joint venture with Vancouver based Canar
Slide 11: Corporate Development Plan
Corporate Development Plan • Canarc has carried out over 70,000m of drilling on their New Polaris claims with total expenditure in excess of C$30 million. New Polaris resource of 1,155,000 ounces at 12.3g/t Au (Toronto Stock Exchange NI43.101 compliant) • The New Polaris mine will be relatively smal
Slide 12: Corporate Development Plan
Corporate Development Plan • Concentrate will be processed at the Las Lagunas Albion/CIL plant, and at 85% recovery annual production will be approximately 100,000 oz Au • Total production costs including purchase price of concentrate at mine site, quoted shipping costs, and estimated processing cos
Slide 13: Corporate Development Plan
Corporate Development Plan • The 40,000tpa of concentrate to be purchased from New Polaris represents 25% of the Las Lagunas plant capacity • The Company is actively seeking additional sources of feed to blend with tailings concentrate in the short term, or to increase plant utilisation and gold pro
Slide 14: Corporate Development Plan
Corporate Development Plan • The Company is developing an association with a major Chinese gold producer holding refractory deposits amenable to extraction utilizing the Albion/CIL process, which is ideal for mid-sized projects (PanTerra Gold has exclusivity for the Albion licence in China for five
Slide 15: Key Management Personnel
Key Management Personnel Brian Johnson - Executive Chairman Mr Johnson (BE - Civil Engineering) has been instrumental in establishing a number of successful public companies in the mining sector, including Nevada Goldfields Limited, Austral Coal Limited, and both Portman Mining Limited and Mount Gib
Slide 16: Contact Details
Brian Johnson Executive Chairman brianjohnson@panterragold.com Registered Office: Contact Details 55 Kirkham Road Bowral NSW 2576 Brian Johnson James Tyers Australia Executive Chairman Director Development +61 2 4861 1740 brianjohnson@panterragold.com jamestyers@panterragold.com www.panterragold.com
Slide 17: Cautionary Statement Competent Persons Statement
Cautionary Statement The production targets referred to in this announcement were first released to ASX on 26 February 2015 and clarified 5 March 2015. They are preliminary and there is no certainty that the production targets or the forecast financial information derived from the production targets