Gwr Group Limited · ASX:GWR
Gwr — Shareholder Meeting (November 2019)
32 slides from Gwr's shareholder meeting presentation, Nov 22, 2019
Slide 1: GWR Group Ltd Annual General Meeting Presentation
GWR Group Ltd Annual General Meeting Presentation 22nd November 2019
Slide 2: Disclaimer
Disclaimer These materials include forward looking statements. Forward looking statements inherently involve subjective judgment & analysis & are subject to significant uncertainties, risks & contingencies, many of which are outside of the control of, & may be unknown to, the company. Actual results
Slide 3: Contents
Annual General Meeting Presentation Contents • GWR Group Strategy • Three Pillars of the GWR Group • Financial Year 2019/2020 Highlights • Wiluna West Gold Project • Wiluna West Iron Ore Project • Tungsten Investments • Corporate Profile • Investor Summary • Appendices
Slide 4: GWR Group Strategy
GWR Group Strategy GWR Group Limited is an independent, Australian resource house, focused on creating shareholder wealth through the development of high quality mineral exploration and development projects. The Company has a portfolio of resources projects that includes projects held directly, in i
Slide 5: The Three Pillars To the GWR Group
The Three Pillars To the GWR Group GROWING SHAREHOLDER VALUE ❖ Mineral Resources of 4.2 million ❖ Large high grade and high quality ❖ Strategic Investments tungsten tonnes at 2.2 g/t for 289,000 oz Au (1) Mineral Resource 130Mt at 60% Fe Investments in Tungsten Mining NL ❖ Joint Venture Agreement ex
Slide 6: Financial Year 2018/2019 Highlights
Financial Year 2018/2019 Highlights Gold – Resource Boost and Production closer – Combined Mineral Resource Estimate is now 4.2 million tonnes at 2.2 g/t for 289,000 oz, representing an increase of 34,500 oz (1) – Joint Venture Agreement executed with Blackham Resources for JV mining and processing
Slide 7: Wiluna West Gold Project
Wiluna West Gold Project Located in a World Class Gold Field Premier Location • Western Australia – a Premier Mining Jurisdiction • Adjacent to Norseman - Wiluna Greenstone Belt • 22km Strike on Joyners Find Greenstone Belt, small but with relatively little modern exploration completed on it • 100%
Slide 8: Joyners Find Greenstone Belt Historic Gold Field
Wiluna West Gold Project Joyners Find Greenstone Belt Historic Gold Field Combined Mineral Resource Estimate (1) • 4.2 million tonnes at 2.2 g/t for 289,000 oz • JORC 2012 Measured and Indicated Resources of: • 520,000 tonnes at 2.3 g/t for 43,000 oz. Joyners Find Greenstone Belt History • Initially
Slide 9: Mineral Resources
Wiluna West Gold Project Mineral Resources JORC 2004 and JORC 2012 Gold Resources - Refer to GWR 2019 Annual Report Grade JORC Status Prospect Resource Type Tonnes Ounces (g/t Au) Measured 30,000 3.0 3,000 Golden Indicated 380,000 2.1 30,000 Monarch Inferred 390,000 2.1 30,000 Sub Total 800,000 2.2
Slide 10: Joint Venture Agreement with Blackham Resources
Wiluna West Gold Project Joint Venture Agreement with Blackham Resources A joint venture agreement with Blackham Resources (“BLK”) was signed on 14th October 2019 for the Mining and Processing from Wiluna West Gold Project ore (1) Under the JVA, GWR may introduce gold deposits to BLK as a proposed Q
Slide 11: Golden Monarch – Potential Near Term Production
Wiluna West Gold Project Golden Monarch – Potential Near Term Production Initial focus will be on Golden Monarch and then the Emu and Eagle deposits. Golden Monarch currently has a JORC 2012 combined Mineral Resource Estimate of 800,000 tonnes at 2.2 g/t Au for 55,000 oz (1) The Golden Monarch depos
Slide 12: Eagle and Emu – Potential Future Production
Wiluna West Gold Project Eagle and Emu – Potential Future Production The Eagle / Emu gold deposits have a combined JORC 2012 Inferred and Indicated Mineral Resource estimate of 1,390,000 tonnes at 1.9 g/t Au for 85,000 oz (1) Infill RC drilling is planned to be undertaken in next few months designed
Slide 13: Eagle
Wiluna West Gold Project Eagle The Eagle prospect contains a JORC 2012 combined Mineral Resource estimate of 790,000 tonnes at 1.8 g/t Au for 45,000 oz (1) and is 4.5km north of Golden Monarch 13 1 - Refer to ASX announcement 15th August 2019 1. Refer Annexure for details of Mineral Resources
Slide 14: Emu Deposit
Wiluna West Gold Project Emu Deposit The Emu prospect contains a JORC 2012 Inferred Mineral Resource estimate of 600,000 tonnes at 2.2 g/t Au for 40,000 oz (1) and is 4.5km north of Golden Monarch and 1.5km north of Eagle 14 1 - Refer to ASX announcement 15th August 2019 1. Refer Annexure for detail
Slide 15: Growth Strategy and Project Pipeline
Wiluna West Gold Project - 2020 and Beyond Growth Strategy and Project Pipeline Potential Target Joint Venture Mining and Gold Development Resource Upgrade Qualifying Feasibility Production Deposits Growth Strategy: via its Joint Venture with BLK which provides processing solution for the various go
Slide 16: Numerous regional targets defined
Wiluna West Gold Project Numerous regional targets defined Southern Geo Science completed a re-interpretation of detailed aerial magnetics, which generated 60 lithostratigraphic targets 23 of which are rated as high priority and from this orientation soil geochemistry was completed which generated t
Slide 17: Wiluna West Iron Ore Project
Wiluna West Iron Ore Project The Wiluna West Iron Ore Project (WWIOP) is an exceptional DSO iron ore resource, which metallurgical tests have demonstrated will produce a high-grade, low impurity iron ore. The project has a combined JORC 2004 Mineral Resource estimate of 131.1 Mt at 60.0% Fe (1) Mini
Slide 18: Mineral Resources
Wiluna West Iron Ore Project Mineral Resources Reserves (1) As at 30 June 2019, total JORC 2004 Proven and Probable ore reserves were: Wiluna West Iron Ore Project - Reserve Estimate Reported Above a 50% cut-off The Mineral Resource estimates were published pursuant to ASX announcements dated 8 July
Slide 19: Mineral Resources by Deposit
Wiluna West Iron Ore Project Mineral Resources by Deposit Refer to GWR September 2019 Quarterly Report
Slide 20: JWD Mining Rights Agreement
Wiluna West Iron Ore Project JWD Mining Rights Agreement Mining Rights Agreement was executed for the mining of up to 3 million tonnes of iron ore from JWD Deposit with Gold Valley Iron Ore Pty Ltd (“Gold Valley”) (1). This is in two stages: • Stage 1 - small scale mining operation for the mining an
Slide 21: Strategic Review
Wiluna West Iron Ore Project Strategic Review The recent rise in iron ore prices together with recent changes in port and infrastructure options provided the impetus for a strategic review of the Wiluna West Iron Project. GWR has been investigating opportunities to bring the high grade Wiluna West I
Slide 22: Strategic Review – C4 Deposit
Wiluna West Iron Ore Project Strategic Review – C4 Deposit As a result of the strategic review of Wiluna West Iron project, GWR has highlighted the C4 deposit as the most attractive opportunity to unlock asset value. The C4 deposit is 1.4 km long and contains a combined DSO hematite, JORC 2004 Miner
Slide 23: Strategic Review – C4 Deposit
Wiluna West Iron Ore Project Strategic Review – C4 Deposit A geological mapping and rock chip sampling program has recently been completed targeting a 500 m strike length. The rock chip sampling results have confirmed high grade mineralisation on surface with the rock chips averaging 66.1% Fe, 2.2%
Slide 24: Tungsten Mining NL and Hatches Creek
Tungsten Investments Tungsten Mining NL and Hatches Creek GWR holds two strategic investments in Tungsten: • Hatches Creek Project – 80% Joint Venture with Tungsten Mining NL • Tungsten Mining NL - 9.60% equity interest currently valued at $13 million What is Tungsten? Tungsten occurs mainly as two
Slide 25: Tungsten Mining NL (TGN)
Tungsten Investments Tungsten Mining NL (TGN) TGN is an Australian-based resource company whose prime focus is the exploration and development of tungsten projects in Australia and internationally. Objective of controlling a globally significant inventory of in- ground tungsten. Portfolio of four ad
Slide 26: Hatches Creek Project
Tungsten Investments Hatches Creek Project Hatches Creek project is located 375 km north east of Alice Springs in the Northern Territory. Wolfram was discovered in 1898, historical production mainly between 1915 and 1960, reported production of approximately 284k MTU (metric tonne units) of 65% WO3
Slide 27: Hatches Creek Project Resources
Tungsten Investments Hatches Creek Project Resources Classification Tonnes WO3 WO3 As at 30 June 2019, total JORC (2012) Inferred mineral resources were as follows: % t Hatches Creek Mullock Dumps and Alluvial - Mineral Resource Reported Indicated - - - above a 0.20% WO3 cut-off and 1.5% upper cut I
Slide 28: Monetising Hatches Creek Project
Tungsten Investments Monetising Hatches Creek Project On 3 June 2019 the Company announced that it had executed an agreement with TGN to farm-in to the Hatches Creek Project (1). The Farm-in Agreement provides for TGN to direct and manage exploration and development activities. TGN has acquired an i
Slide 29: GWR Group Corporate Profile
GWR Group Corporate Profile 20 largest holders of quoted equity securities Capital Structure Ordinary shares (ASX Code: GWR) • ASX Code: GWR Percentage No. of ordinary fully • Shares on Issue: 254m Holder Name of issued shares paid shares held • Options: 28m held • Share Price (30/09/19): $0.088 • M
Slide 30: Board & Management
Board & Management Gary Lyons Non-Executive Chairman Mr Lyons is a successful and well respected Perth based businessman; being a shareholder and the Managing Director of the Heiniger Groups Australasian operations for the last 31 years. He is also Non-Executive Chairman of Tungsten Mining NL and Co
Slide 31: GWR Group Summary
GWR Group Summary The Company is striving to activate value streams from its three pillars: • Gold - via its JVA with Blackham Resources for mining and processing of gold • Iron Ore - through its mining rights agreement at the JWD deposit and its potential plan for the C4 deposit and take advantage
Slide 32: Contact Details
GWR Group ▪ Include contact details Contact Details: Adrian Costello General Manager GWR Group Limited Ph: +61 8 9322 6666 E: adrianc@gwrgroup.com.au David Utting David Utting Corporate Ph: +61 416187462 E: david@davidutting.com 32