Egan Street Resources — RRS Summer Series (February 2019)
14 slides from Egan Street Resources's conference presentation, February 2019
Slide 1: Path to Production
RRS Summer For personal use only Series PATH TO PRODUCTION February 2019
Slide 2: Disclaimer
Disclaimer ► The purpose of this presentation is to provide general information about Egan Street Resources Limited (EganStreet or the Company) and it is presented for informational purposes only. It is not recommended that any person makes any investment decision in relation to the Company based so
Slide 3: Corporate Overview, Highly Experienced, Strong Position
Corporate Overview, Highly Experienced, Strong Position For personal use only Capital Structure Barry Sullivan Non-Executive Chairman Mining Engineer Shares on Issue Market Capitalisation Hedley Widdup Non-Executive Director Geologist / Commercial, BSc, Hons Geology B 130.5m A$32.6m (@ 25cps) O Simo
Slide 4: Rothsay Gold Project location
11150 | 485,000 mE 490,000 mE : 4 EGANSTREET LEGEND Shears Major Roads Hillso - casens) & MountMagnet Minor Roads Kirkalocka Au Scion @ vsxmum [E21 Biploration Tenements Zn, Cu, Ag, Pb @ mmo Au Ominjer Goi Koolancoka South Mining Tenements Paynes Find rv @asxPne) Morawa @ (sxG66) Extension Hil Peren
Slide 5: The Asset and the Upside
For personal use only The Asset and the Upside Page: 5
Slide 6: Proof of Concept – Exploration leading to Value Creation
For personal use only Proof of Concept – Exploration leading to Value Creation Page: 6
Slide 7: Exploration and Value Creation
Exploration and Value Creation For personal use only
Slide 8: The Project with Upside
The Project with Upside For personal use only Strike Extensions to the North Steep Southerly Plunge Extensions Infill opportunity to Strike Extensions support development at Depth costs to access additional levels Page: 8
Slide 9: The Raw Numbers
The Raw Numbers Updated DFS 320,000oz For personal use only over 7 years Processing 200ktpa average grade 7.2g/t Au (post ore sorting) 289,000oz produced Ramping up to 64,000oz pa for the 1st 2 years Initial Capex $39.7m 1.3 year payback Pre-tax cash-flow of A$116.1m C1 cash cost: A$876/oz; AISC: A$
Slide 10: The Future
The Future ► Mining Proposal Approval For personal use only ► Camp and NPI construction ► Satisfaction of CP’s in relation to ► Works Approval first drawdown ► Execution of binding financial ► Process plant construction documents commencement – QTR 2, 2019 ► Underground mining ► Commencement of unde
Slide 11: Appendix – Key Assumptions
Appendix – Key Assumptions Description General For personal use only Basis Project level, pre-tax, excludes depreciation & debt financing Construction Period 1.0 years LOM (including construction) 7.7 years Exchange Rate A$:US$ 1.00 : 0.75 Gold Price US$1,275/oz Royalty Rate Up to a max of A$700,000
Slide 12: Appendix – Key Physicals
Appendix – Key Physicals Pre- Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 For personal use only Total Production M ining Production Physicals Development Ore Mined kt 1,012 112 281 213 210 176 20 - - Development Ore Grade g/t Au 2.7 3.2 3.1 2.7 2.4 2.0 1.9 - - Stope Ore Mined kt 1,270 15 299 35
Slide 13: Appendix – Mineral Resource Estimate
Appendix MINERAL RESOURCE ESTIMATE Resource Category Tonnes (kt) Grade (g/t Au) Ounces (koz) For personal use only Woodley’s Indicated 750 10.6 254 Woodley’s Inferred 230 11.9 88 Woodley’s East Indicated 200 5.8 38 Woodley’s East Inferred 140 8.8 40 Other Inferred 220 5.0 35 TOTAL1 1,540 9.2 454 UPD
Slide 14: Thankyou
For personal use only Thankyou Contact +61 8 6424 8130 info@eganstreet.com.au www.eganstreetresources.com.au
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