Discovery Alaska Limited · ASX:DAF
Discovery Alaska — Discovery Africa — Investor Presentation (March 2014)
19 slides from Discovery Alaska's investor presentation, Mar 14, 2014
Slide 1: Graphite in Tanzania
For personal use only GRAPHITE IN TANZANIA March 2014
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentatio
Slide 3: Background – Proposed Hatua Acquisition
BACKGROUND – PROPOSED HATUA ACQUISITION For personal use only • Discovery Africa Limited (“DAF”) announced on 30 January 2014 that we executed a Memorandum of Agreement (“MOA”) for the proposed acquisition of up to 80% of the issued capital in Hatua Resources (T) Limited (“Hatua”) • Hatua holds the
Slide 4: Highlights
HIGHLIGHTS For personal use only Highly prospective tenements – with • Tenement position – 416km² with significant exploration upside walk up drill targets Outcropping course flake graphite • Abundant outcropping graphite schist – with grades between 6% and • Ranging from disseminated to very up to
Slide 5: Tanzania
TANZANIA For personal use only • Politically stable, multi-party democracy • English and Swahili speaking • British Common Law System • Mineral enriched geology • Well-established mining and mining services industry, and good infrastructure • Competitive tax rates
Slide 6: Tanzania
TANZANIA For personal use only Good access via mainly sealed roads from Lindi and Mtwara (180km) Upgraded Airport at Mtwara 2hr flight to Dar es Salaam Port facilities at Mtwara – Sea Containers
Slide 7: Nachingwea Graphite Properties
NACHINGWEA GRAPHITE PROPERTIES For personal use only • 4 licenses with over 400km² land area • Outcropping graphite identified and sampled at numerous localities, as indicated on the map • 2 graphite units identified at Injaa Hill, • 4 graphite units mapped along strike at Mkowe • Multiple graphite
Slide 8: Injaa Hill – PL6753
INJAA HILL – PL6753 For personal use only • 800 x 150m Sub cropping graphitic schist identified • Open to the northeast and southwest under shallow cover • New western graphite bands previously not mapped • Trenching to the west of Injaa Hill has exposed graphitic schists under shallow cover • Injaa
Slide 9: Mkowe District – PL7211
MKOWE DISTRICT – PL7211 For personal use only • Graphite units show good continuity along strike across the license area • Unit “A” identified over strike of 6.3km and 62m width • Unit “B” strike of 6.2km and 140m to 200m wide • Unit “C” strike of 4.9km and 190m A B C D width • Unit “D” identified o
Slide 10: Mandarawe District – PL8526
MANDARAWE DISTRICT – PL8526 For personal use only • Early reconnaissance mapping identified high grade seams of graphite • Tanzanian Geological Survey (TGS) has mapped thicker graphitic schist in the southwest of the license (in grey) - that is yet to be evaluated • Rock chip samples from TGS mappin
Slide 11: DAF On Site Due Diligence – February 2014
DAF ON SITE DUE DILIGENCE – FEBRUARY 2014 For personal use only • During February 2014 a due diligence team conducted a field visit, • The purpose of the field visit was to: • Review of the project by DAF management and an independent Competent Person • Replicate the rock chip samples reported by Ha
Slide 12: DAF On Site Due Diligence – February 2014
DAF ON SITE DUE DILIGENCE – FEBRUARY 2014 For personal use only • Outcomes of the field investigation • Some 13 samples were extracted from areas which have been sampled previously by Hatua resources • The four license areas were visited and various graphitic bearing outcrops were sampled • The samp
Slide 13: Analytical Sampling Results - Comparison Table
ANALYTICAL SAMPLING RESULTS - COMPARISON TABLE For personal use only DISCOVERY AFRICA DUE DILIGENCE SAMPLING HATUA RESOURCES SAMPLING Sample Graphitic Total Sample Total Date Licence Date Number Carbon % Carbon % Number Carbon % Feb-14 S4105 9.6 10.6 Injaa Hill - PL6753 Jun-12 TZGR003 10.9 Feb-14 S4
Slide 14: Concluding Results
CONCLUDING RESULTS For personal use only The field due diligence performed by the DAF due diligence team was successful due to: • Hatua sample point locations were verified • DAF confirmed that the local geological mapping presented by Hatua are correct and representative • Analytical results from S
Slide 15: JORC Code, 2012 Edition – Table report template
JORC Code, 2012 Edition – Table 1 report template Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) For personal use only Criteria JORC Code explanation Commentary Sampling Nature and quality of sampling (eg cut channels, random chips, or Rock ch
Slide 16: For personal use only
Criteria JORC Code explanation Commentary Whether logging is qualitative or quantitative in nature. Core (or cannot be regarded as qualitative, rather quantitative, costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. If core, whether cut or
Slide 17: For personal use only
Criteria JORC Code explanation Commentary Data spacing Data spacing for reporting of Exploration Results. The rock chip samples were obtained form available outcrops, and Whether the data spacing and distribution is sufficient to establish the Outcrops in the area is mostly covered by weathe
Slide 18: For personal use only
Criteria JORC Code explanation Commentary Granted 2012/01/20, Expiry 2016/01/19 PL 8526/2012 Jabari Resources (T) Limited (100%) Graphite, Granted 2012/12/24 Expire 2016/12/23 For personal use only Exploration Acknowledgment and appraisal of exploration by other parties. Apart from Hutua Resou
Slide 19: For personal use only
Criteria JORC Code explanation Commentary such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. These relationships are particularly important in the reporting of The mineralization unites investigated is fairly
Discovery Africa — Investor Presentation (March 2014) on 6ix