Hawthorn Resources Limited · ASX:HAW
Hawthorn Resources — Investor Presentation (August 2017)
40 slides from Hawthorn Resources's investor presentation, Aug 24, 2017
Slide 1: Hawthorn Resources Limited Presentation August 2017
For personal use only Hawthorn Resources Limited [ASX: HAW] Presentation August 2017 24 August 2017 1
Slide 2: Important Notice and Disclaimer
For personal use only Important Notice and Disclaimer This presentation has been prepared by Hawthorn Resources Limited (Hawthorn or the Company) in relation to an accelerated pro rata non-renounceable entitlement offer of new fully paid ordinary shares (Shares) in Hawthorn (Entitlement Offer). Summ
Slide 3: Important Notice and Disclaimer (continued)
For personal use only Important Notice and Disclaimer (continued) Future performance This presentation contains certain forward-looking statements and comments about future events, including Hawthorn’s expectations about the performance of its businesses. Forward-looking statements can generally be
Slide 4: Hawthorn Resources Limited
Hawthorn HawthornResources Limited Resources Limited [ASX: (ASX:HAW] For personal use only HAW) Anglo Saxon JV (HAW 70% / Gel Resources 30%) – 58,500 ounces of Gold recoverable from Probable Reserve that delivers production at C1 Cash Cost of $1010 / ounce at $1600 AUD Gold Price – 293,400 oz Gold R
Slide 5: Hawthorn Resources Limited
Hawthorn Resources Limited Hawthorn Resources Limited [ASX: (ASX:HAW] For personal use only HAW) • Board – Mark Kerr (Chairman and Managing Director), David Tyrwhitt – Yongzhong Liao, Yijie Li, Zhensheng Liu • Shares on issue 171,263,644 • Major Shareholders – Feng Hua Mining Investment Holding (HK)
Slide 6: Three Primary Gold Projects
For personal use only Three Primary Gold Projects • Anglo Saxon • Box Well – Yundamindera • Deep South Iron Ore / Base Metal Project • Mt Bevan 24 August 2017 6
Slide 7: Global Reserves and Resources
Hawthorn Resources Limited Hawthorn Resources Global [ASX: HAW] For personal use only Reserves and Resources • Reserve and Resources Summary at 30 June 2017 Reserves - (HAW - Anglo Saxon 70% of total ounces) Resources (0.5 g/t Au Cut-off) - (HAW Anglo Saxon 70%, HAW Box Well 100%, HAW Deep South 80%
Slide 8: Trouser Legs (Anglo-Saxon)
TROUSER LEGS (ANGLO-SAXON) 70% HAW; 30% Gel Resources For personal use only 24 August 2017 8
Slide 9: Anglo-Saxon Drilling & Proposed Pit Design
ANGLO-SAXON Drilling & Proposed Pit Design For personal use only 24 August2017 9
Slide 10: Anglo-Saxon Mine Layout
ANGLO-SAXON Mine Layout For personal use only • Conventional Pit Design & Support Infrastructure Layout • Southern Pit ore may be accessed from Underground drive 24 August 2017 10
Slide 11: Anglo-Saxon Pre-Feasibility Study
Hawthorn Resources Limited ANGLO-SAXON [ASX: HAW] For personal use only Pre-Feasibility Study Anglo Saxon Pre-Feasibility Study Highlights (at $1600 AUD Gold Price) • Joint Venture - Hawthorn Resources 70% / Gel Resources 30% • Mining Reserve - 730,000 t @ 2.66 g/t Au = 62,000 oz • Recovered Gold -
Slide 12: Anglo-Saxon Robust Resource Model
Hawthorn Resources Limited ANGLO-SAXON [ASX: HAW]Model For personal use only Robust Resource Anglo Saxon JV Resources (At Various Au Cut-off) - • Robust Resource Model • Optimised Pit shells continue to make acceptable return at < $1000 AUD Gold Price • Significant High Grade Lodes at base of propos
Slide 13: Potential Underground Mining
ANGLO-SAXON Hawthorn Resources Limited Potential Underground Mining For personal use only • Very High Level Underground Analysis - Anglo Saxon Long Section – 5 g/t Au cut-off , > 8 g/t Au blocks (Magenta) • 23,000 ounces Au recoverable from Optimised South End of Pit (NOT included in current Reserve
Slide 14: High Grade Gold – Potential Underground Mining
ANGLO-SAXON High Grade Gold – Potential Underground Mining For personal use only 24 August 2017 PIND011 – 87.40 – 89.33 m = 1.93 m @ 38.1 g/t Au 14
Slide 15: Anglo-Saxon
ANGLO-SAXON For personal use only • Contributory JV Partner (30%) – Gel Resources • Project Management Plan – WA Mines Department – Approved • Notification of Commencement to WA Mines Department – Completed • Vegetation Clearing Permit - Approved • Reserve Statement – Completed • Heritage Surveys –
Slide 16: Yundamindera Box Well Tenements & Resources
For personal use only Yunda- mindera Box Well 100% HAW; Coffey Bore 80% HAW HAW Tenements & Resources 24 August 2017 16
Slide 17: Gold in Drillholes on Airphoto
For personal use only Yunda- mindera Box Well 100% HAW; Gold in Drillholes on Airphoto 24 August 2017 17
Slide 18: Gold in Drillholes on SAM Data
For personal use only Yunda- mindera Box Well 100% HAW; Gold in Drillholes on SAM Data 24 August 2017 18
Slide 19: Drill Cross Section
For personal use only Yunda- mindera Box Well 100% HAW; Drill Cross Section 24 August 2017 19
Slide 20: Silicified Altered Breccia
For personal use only Yunda- mindera Box Well 100% HAW; Silicified Altered Breccia 24 August 2017 20
Slide 21: Yundamindera – Box Well Resource
Hawthorn Resources Yundamindera Limited – Box Well [ASX: HAW] For personal use only Resource • Box Well Resource (at various Au Cut-off Grades) Deposit COG (g) Classification Tonnage (t) Au (g/t) Ounces Box Well Indicated Resource 1,849,000 1.58 93,900 Inferred Resource 915,000 1.23 36,100 Total 0.5
Slide 22: Box Well Discovery - 100% HAW
Yundamindera For personal use only Box Well Discovery - 100% HAW • Pristine discovery despite historic exploration by Sons Of Gwalia, Anglogold, Delta Gold and the Gutnick Group – Near surface, thick, coherent, slab-like gold ore lodes – Open along strike and at depth – Mineralisation to date on 100
Slide 23: Target Zone, All Drilling, Limit of Cover
For personal use only Yunda- mindera Box Well 100% HAW; Coffey Bore 80% HAW Target Zone All Drilling “Limit of Cover” 24 August 2017 23
Slide 24: All Drilling on Magnetics
For personal use only Yunda- mindera Box Well 100% HAW; Coffey Bore 80% HAW Target Zone All Drilling on Magnetics 24 August 2017 24
Slide 25: Yundamindera Treatment Options
Yundamindera For personal use only Treatment Options • Hawthorn has assessed the potential for the existing Box Well resource to be toll treated, (potentially economic) … but a mill – on site - could return significant benefits. • Goal is to expand Resource ounce inventory over the next 12-18 months
Slide 26: Deep South 80% HAW 20% Westgold
For personal use only Deep South 80% HAW 20% Westgold 24 August 2017 26
Slide 27: Deep South Plan View
For personal use only DEEP SOUTH 80% HAW; 20% Westgold Plan View 24 August 2017 27
Slide 28: Deep South Long Section
DEEP SOUTH 80% HAW; 20% Westgold – Long Section For personal use only A coherent gold mineralised zone exceeding 5.0 km of Strike Strong Down Dip Extent 24 August 2017 28
Slide 29: Deep South Cross Section
For personal use only DEEP SOUTH 80% HAW; 20% Westgold Cross Section 24 August 2017 29
Slide 30: Yundamindera – Deep South Resource
Hawthorn Resources Yundamindera Limited – Deep South [ASX: HAW] For personal use only Resource • Deep South Resource (at various Au Cut-off Grades) Deposit COG (g) Classification Tonnage (t) Au (g/t) Ounces Deep South Indicated Resource 277,000 2.12 18,900 Inferred Resource 1,022,000 1.76 57,900 Tot
Slide 31: Deep South Ore Zone Drillcore
For personal use only DEEP SOUTH 80% HAW; 20% Westgold Ore Zone Drillcore 24 August 2017 31
Slide 32: Deep South 80% HAW; 20% Westgold
DEEP SOUTH 80% HAW; 20% Westgold For personal use only • Saracen continues Underground Production @ Deep South • Hawthorn Opportunity – Mining Leases granted over the entire strike of gold mineralisation – Preparation of Mining Proposal for Dept. of Mines has commenced – Test DS01 – Electromagnetic
Slide 33: Mt Bevan Ni-Cu Project
Mt BEVAN Ni-Cu PROJECT JV: 40% HAW; 60% Legacy Iron Ore For personal use only • St George Mining (ASX:SGQ) • Announce Ni-Cu results from Cathedral – Strickland Zone - 4.0m @ 4.9%Ni, 1.7%Cu, 3.9g/t PGE - 3.0m @ 3.8%Ni, 1.6%Cu, 2.7g/t PGE - 4.0m @ 4.9%Ni, 1.7%Cu, 3.9g/t PGE - 1.17m @ 8.9%Ni, 3.2%Cu -
Slide 34: Competent Person Statements
The information in this report that relates to the Mineral Reserve estimation is based on information compiled by Mr William Lloyd, a Competent Person who is a Member of Australasian Institute of For personal use only Mining and Metallurgy. Mr Lloyd is employed by BM Geological Services. Mr Lloyd ha
Slide 35: Appendix - Risk Factors
Appendix 1 - Risk Factors Hawthorn's operations are subject to a number of risks which may impact on its future performance and forecasts. Before subscribing for shares under the entitlement offer (New Shares), eligible shareholders should carefully consider and evaluate Hawthorn and its business an
Slide 36: Risk Factors: Taxation
(e) Taxation In addition to the corporate income tax imposed on Hawthorn, Hawthorn is required to pay government royalties, direct and indirect taxes and other imposts in the jurisdictions in which Hawthorn operates. Hawthorn may be affected by changes in government taxation and royalty policies or
Slide 37: Risk Factors: Competition
(l) Competition The base metals and gold industry is highly competitive, and an increase in production or reduction in prices of competing base metals and gold from both Australia and overseas may adversely impact Hawthorn's ability to sell its base metals and gold products and the price to be attai
Slide 38: Risk Factors: Key personnel
(t) Key personnel A number of key personnel are important to attaining the business goals of Hawthorn. One or more of these key employees could leave their employment or cease to actively participate in the management of Hawthorn and this may adversely affect the ability of Hawthorn to conduct its b
Slide 39: Risk Factors: Liquidity
(b) Liquidity There can be no guarantee that there will be an active or liquid market in shares traded on ASX or that the price of the New Shares (if any) will increase. There may be relatively few or many potential buyers of the shares on ASX at any time and Hawthorn's current market capitalisation
Slide 40: For personal use only
For personal use only ABN 44 009 157 439 Level 2, 90 William St Melbourne Victoria 3000 Australia Telephone: +61 3 9605 5950 Facsimile: +61 3 9605 5999 Email: info@hawthornresources.com Website : www.hawthornresources.com 24 August 2017 40
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