Eastern Goldfields, Inc. · OTC:EGDD
Eastern Goldfields — Corporate Update (July 2016)
36 slides from Eastern Goldfields's corporate update, Jul 30, 2016
Slide 1: Davyhurst Site Visit – 30 July 2016
Davyhurst Site Visit – 30 July 2016
Slide 2: Corporate Overview
Corporate Overview ASX Code EGS Issued Capital Shares 489,531,151 Share Price Current $0.51 Market Capitalisation $249.6m Cash in bank Current balance ~$15.5m Issued Capital as at 29 July 2016. Cash in bank figure as at 30 June 2016 Michael Fotios, Executive Chairman Board Alan Still, Non-Executive
Slide 3: Project Overview
Project Overview • Large ground holding along Mt Ida & Zuleika structures, containing multiple mining centres: • Siberia • Davyhurst (LOI) • Callion • Waihi • Mulline/Riverina • Mt Ida • Each centre hosts multiple o/p and u/g opportunities • Near term production ounces sourced from Davyhurst, Siberi
Slide 4: Dual Hub Approach
Dual Hub Approach Priority #1 Davyhurst Hub – current resource 18.6Mt @ 2.3 g/t • Large existing resource base • Substantial production infrastructure • Significant number of exploration opportunities Priority #2 Mt Ida Hub – current resource 317kt @ 13.8 g/t • High grade, low tonnage (e.g. Andy Wel
Slide 5: ResDev Program
ResDev Program Drill out of near mine ounces ($2.5m) • May to Oct 2016, targeting current proposed mine schedule • Oct to Feb 2017, resource extensions Focus on: 1. Sand King - Open Pit 2. Missouri - Open Pit 3. LOI - Decline (Makai, LOI & Great Ophir shoots) 4. Golden Eagle Undergound 5. Callio
Slide 6: Davyhurst & Waihi Mining Centres
Davyhurst & Waihi Mining Centres 6
Slide 7: Davyhurst & Waihi
Davyhurst & Waihi • New geological models for mineralisation being developed – focus on LOI complex & Waihi Lode System • Underground evaluation work looks to the system rather than individual lodes • LOI Complex - multiple ore sources with shared existing capital infrastructure • Waihi Lode System
Slide 8: Lights Of Israel (LOI) Complex – 3D View
Lights Of Israel (LOI) Complex – 3D View LOI Open Pit GO Open Pit Makai Exploration Target (Supported by drilling) Makai Exploration Target (untested by drilling) Great Ophir Exploration Target (Supported by drilling) LOI Exploration Target (limited drill support) Great Ophir Exploration Target (unt
Slide 9: LOI Mining Centre Exploration Targets – Additional Information
LOI Mining Centre Exploration Targets – Additional Information The Exploration Targets are based upon a comprehensive geological and mineralisation review conducted by Eastern Goldfields Limited. This modelling utilised a combination of exploration drilling data, underground sampling along with deta
Slide 10: Golden Eagle Deposit
Golden Eagle Deposit Note: Refer to ASX announcement dated 19 May 2016 for further information. 10
Slide 11: Waihi & Golden Pole
Waihi & Golden Pole • Waihi presents as an open pit mining option at current commodity pricing • Underground potential remains strong and subject to ongoing evaluation work • New geological model for mineralisation being developed • Numerous exploration options exist Note: Refer to ASX announcement
Slide 12: Davyhurst - Dexy Prospect
Davyhurst - Dexy Prospect • Encouraging drilling results returned at the Dexy Prospect: 5.00m @ 11.04g/t Au from 65.00m 8.00m @ 2.94g/t Au from 35.00m 6.00m @ 3.08g/t Au from 12.00m 2.00m @ 5.45g/t Au from 20.00m • Dexy mineralisation has been defined over a strike length of greater than 300 metres,
Slide 13: Davyhurst - Dexy Prospect
Davyhurst - Dexy Prospect Dexy Prospect Location Plan Dexy overview plan 13
Slide 14: Davyhurst - Dexy Prospect
Davyhurst - Dexy Prospect Looking North – Oblique Section 6673700N showing mineralised trend Looking North – Oblique Section 6673725N showing mineralised trend Note: Results released in ASX announcement dated 26 May 2016 14
Slide 15: Walhalla North Prospect
Walhalla North Prospect • Encouraging gold results from diamond drilling • Results confirm the presence of significant mineralisation identified by recent RC drilling • Potential to provide near term oxide mill feed • Significant drilling results: • 3.30m @ 5.96g/t Au, including 0.50m @ 30.29g/t Au
Slide 16: Walhalla North Prospect
Walhalla North Prospect Location Setting, plan view - showing WNP in relation to the Round Dam mineralised trend Plan View – drill hole location plan – Note: Results released in ASX announcements dated 15 June 2016 and 18 July 2016 16
Slide 17: Walhalla North Prospect
Walhalla North Prospect Cross section A-B - Previous results released 15 June 2016 Cross section C-D - Previous results released 15 June 2016 Note: Results released in ASX announcements dated 15 June 2016 and 18 July 2016 17
Slide 18: Walhalla North Prospect
Walhalla North Prospect Cross section E-F - 18 Note: Results released in ASX announcements dated 15 June 2016 and 18 July 2016
Slide 19: Callion Location
19 wml” Callion Location Eastern Goldfields awe 120450 2100 Lid 6,700,000 6,719,000 6,724,000 690,000 600,000 BO ka DAVYHURST HUB Lode Systems Legend @® _ Near Term Production Source @® Mid Term Production Source £ © Other Deposits\Prospects Fa [eastern Golatields Tenement Holdings Callion \ Lode Sy
Slide 20: Callion Mining Centre
Callion Mining Centre • Historic high grade underground producer • Recent drilling confirms underground mining potential • Significant new drilling results 7.65m @ 9.35g/t Au from 232.05m - Including 2.45m @ 20.67g/t Au (Main Lode) & 2.90m @ 6.35g/t Au 0.30m @ 19.97g/t Au from 191.75m (Hanging Wall
Slide 21: Callion
Callion Callion Cross section 6665360mN, looking NNW showing Callion plan view showing drill hole locations and open pit recent drill results Note: Results released in ASX announcement dated 28 July 2016 21
Slide 22: Callion
Callion Note: The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to slide 21: Callion Explora
Slide 23: Callion Exploration Target - Additional Information
Callion Exploration Target - Additional Information Basis for the Callion Exploration Target: The Exploration Targets were calculated using historic data that was collated by Eastern Goldfields Limited. The data consisted principally of channel sample assays and ore thicknesses and RC and diamond dr
Slide 24: Riverina & Mulline
Riverina & Mulline • Shear hosted vein sets in Basalts and Porphyries, past production approx. 290,000 ozs • Lady Gladys largest historical producer in the field; comprises multiple vein sets • Company has identified similar prospectivity at Peach Tree, Lady Jane North • Multiple geochemical and dri
Slide 25: Riverina & Mulline Section Locations
Riverina & Mulline Section Locations 25
Slide 26: Lady Gladys & Peachtree Exploration Prospect
Lady Gladys & Peachtree Exploration Prospect A B C D Note: Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014 26
Slide 27: Riverina Main Lode Long Section Looking East
Riverina Main Lode Long Section Looking East E F Note: Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014 27
Slide 28: Siberia Mining Centre
28 Eastern Goldfields Ltd Siberia Mining Centre 0 WE 20450 Breve 670,000 5,580,000 6,590,000 700,000 5,710,000 6,720,000 6,560,000 5,650,000, 6640.00 Taker DAVYHURST HUB Lode Systems Legend @ Near Term Production Source @ _ Mid Term Production Source © Other Deposits\Prospects [Eastern Goldfields Te
Slide 29: Siberia
Siberia • Sulphide shears within Basalt on Ultramafic contact, past production approx. 110,000 ozs • Sand King and Missouri deposits major producers in district • Recent pit mapping has defined mineralisation controls within open cuts and regional setting • Exploration for similar settings along 15k
Slide 30: Siberia – Sand King to Black Rabbit
Siberia – Sand King to Black Rabbit Note: Drill results previously released to ASX in “Updated Corporate Presentation“ on 29 August 2014 30
Slide 31: Mt Ida
Mt Ida • Gabbro and Basalt shear hosted systems past production approx. 300,000 ozs • High grade existing resource: 317kt @ 13.8g/t • Multiple advanced gold targets present in high grade system 31
Slide 32: Mt Ida
Mt Ida Note: Refer to ASX announcement dated 28 January 2016 for further information 32
Slide 33: Mt Ida – Bombay Prospect
Mt Ida – Bombay Prospect • Located 7 kilometres north-west of the Mt Ida Mine on the Timoni Trend • Drilling confirms Mt Ida Mine style mineralisation at the Bombay Prospect • Results highlight the potential to delineate further high grade mineralisation 4.00m @ 4.95g/t Au from 6.70m; including 1.00
Slide 34: Mt Ida – Bombay Prospect
Mt Ida – Bombay Prospect Plan View – drill hole location plan Bombay Cross section 6783450mN Note: Results released in ASX announcement dated 29 July 2016 34
Slide 35: Mineral Resources Table
Mineral Resources Table MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) GOLDEN EAGLE 0 0.0 345 2.5 311 2.6 656 2.5 54 LIGHTS OF ISRAEL UNDERGROUND 0 0.0 74 4.3 180 4.2 254 4.2 35 MAKAI SHOOT 0 0.0 1,985 2.0 153 1.7 2,13
Slide 36: Competent Persons Statement
Competent Persons Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Michael Thomson, an employee of Eastern Goldfields Limited, who is Member of the Australian Institute of Mining and Metallurgy. Mr Thomson has