West African Resources Ltd · ASX:WAF
West African Resources — Investor Presentation (March 2012)
31 slides from West African Resources's investor presentation, Mar 27, 2012
Slide 1: Investor Presentation March 2012
For personal use only Investor Presentation March 2012 Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
DISCLAIMER AND JORC NOTICE For personal use only This presentation has been prepared by West African Resources Limited (‘WAF’ 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 in
Slide 3: Agenda
AGENDA For personal use only THE THE THE THE COMPANY COUNTRY EXPLORER FUTURE
Slide 4: The Company
For personal use only THE COMPANY
Slide 5: Investment Highlights
INVESTMENTHIGHLIGHTS For personal use only Largest 3km along strike Targeting ASX-listed from emerging maiden resource landholder in 3.5Moz deposit estimate in 2012 Burkina Faso, West Africa 30 contiguous Fully permits covering 6,370km2 over funded for two 200km strike of years of aggressive greenst
Slide 6: Investment Highlights
INVESTMENTHIGHLIGHTS For personal use only Highly-skilled team, hands-on West African experience WAF-owned fleet of six rigs minimising exploration spend Aggressive 200,000m drilling campaign for 2011-2012
Slide 7: The Company Capital Structure
THE COMPANY CAPITAL STRUCTURE March 2012 For personal use only To t a l O r d i n a r y S h a r e s o n I s s u e ： 163.4M D i r e c t o r & M a n a g e m e n t O p t i o n s ： 38.6 M N u m b e r o f s h a r e h o l d e r s ： 1,040 D i r e c t o r s & M a n a g e m e n t I n t e r e s t ： 35% To p 2
Slide 8: Board
BOARD For personal use only Francis Harper - Chairman Investment Banker, 25 yrs. experience Richard Hyde - Managing Director Geologist, 15 yrs. experience Stephen Ross - Non-Exec Director Geologist, 18 yrs. experience Simon Storm - Non-Exec Director Accountant, 25 yrs. experience
Slide 9: The Country
For personal use only THE COUNTRY
Slide 10: Burkina Faso
BURKINA FASO For personal use only More than 4th largest 1/5 of West Africa’s gold producer in Africa total greenstone belt by the end of 2011 exposure Six new Investment mines in production in friendly mining code the past five years
Slide 11: The Explorer
For personal use only THE EXPLORER
Slide 12: Boulsa Project, Burkina Faso
BOULSA PROJECT For personal use only BURKINA FASO OUAGADOUGOU
Slide 13: Boulsa Project
For personal use only BOULSA PROJECT
Slide 14: Boulsa Project
BOULSA PROJECT For personal use only over 30 contiguous permits, 100% owned covering 6,370 km2 200km strike of greenstone belt Along strike from emerging 3.5Moz deposit Extensive near-surface gold mineralisation in RAB & RC drilling High-grade gold mineralisation in deeper diamond core drilling
Slide 15: Moktedu Prospect
MOKTEDU PROSPECT For personal use only MOKTEDU
Slide 16: Moktedu Prospect
MOKTEDU PROSPECT For personal use only high-grade oxide mineralised zone from surface WAF discovery from first principles in 2011 8km target strike length, supported by coincident magnetic trend, WAF RAB and auger drilling, and historic soil sampling High-grade gold from surface and at depth MOKTEDU
Slide 17: Moktedu Prospect: High-Grade Results from Surface and at Depth
MOKTEDU PROSPECT For personal use only high-grade results from surface and at depth RC Drilling 6m at 8.36 g/t Au from surface, including 1m at 42.95g/t Au 20m at 0.64 g/t Au from surface, including 8m at 1.24g/t Au 3m at 7.64 g/t Au from 33m, including 1m at 20.93g/t Au 4m at 8.39 g/t Au from 4m MO
Slide 18: Moktedu
For personal use only MOKTEDU
Slide 19: Moktedu
For personal use only MOKTEDU
Slide 20: Moktedu
For personal use only MOKTEDU
Slide 21: Meguet Prospect
MEGUET PROSPECT For personal use only Extensive near-surface gold
Slide 22: Meguet Prospect RC & RAB Results
MEGUET PROSPECT RC & RAB RESULTS For personal use only 2009-10 RC Results 2011-12 RAB Results 7m at 2.32g/t Au from 4m 10m at 7.67 g/t Au from 0m, ended in mineralisation 8m at 2.52g/t Au from 37m 10m at 2.77 g/t Au from 0m, ended in mineralisation 20m at 0.95g/t Au from 0m 24m at 1.00 g/t Au from 0
Slide 23: For personal use only
T T + RCDiill Collar 747,000E 20m@0.54 ght Au from 20m 747 500E »* — Endedin Mineralisation = 3 o A m= +05 gt Au Dill intercept 7m@/1.56 git Au from 28m (=) — RABDiillLine - Interpreted Fault 200 metres > Shear Zone 16m@1.49 g/t Au from 30m q [4 Matic Vocanics 1 cranodiorite 4m@1.69 git Au from 8m ]
Slide 24: New Sartenga Discovery
For personal use only NEW SARTENGA DISCOVERY
Slide 25: New Sartenga Discovery
NEW SARTENGA DISCOVERY For personal use only Massive 6.2km x 1.4km Footprint Peak result of 3m at 0.80 g/t Au No outcrop or artisanal mining activity Second discovery from first principles by West African in past 12 months RC drilling in progress – results expected April 2012
Slide 26: The Future
For personal use only THE FUTURE
Slide 27: 2011-12 Field Season
2011-12 FIELD SEASON For personal use only 2009-11 Auger Target > 40 Strike Km ! Over 40km of auger geochem anomalies to follow-up Less than 15% of anomalies drill tested to date WAF-owned fleet of six rigs minimising exploration spend 200,000m of drilling 2011-12 season 4000 km2 to be sampled 2011-
Slide 28: Summary
SUMMARY For personal use only Largest 3km along strike High-grade ASX-listed landholder from emergent results including 6m at in Burkina Faso 3.5Moz deposit 8.36 g/t Au from surface
Slide 29: Summary
SUMMARY For personal use only Over 40 km of auger Less than 15 % Highly-skilled geochem anomalies of anomalies drill team, hands-on West to follow-up tested to date African experience
Slide 30: Summary
SUMMARY For personal use only WAF-owned Targeting Fully funded fleet of six rigs maiden resource for 2 years of intensive minimising exploration estimate in 2012 exploration including up to spend 200,000m of drilling p.a.
Slide 31: West African Resources Ltd
WEST AFRICAN RESOURCES LTD http://www.westafricanresources.com/ ACN 121 539 375 For personal use only Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887 Investor Presentation March 2012
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