Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Investor Presentation (September 2016)
27 slides from Lefroy Exploration's investor presentation, Sep 13, 2016
Slide 1: Investor Presentation
Lefroy Exploration Investor Presentation 13 September 2016 Wade Johnson
Slide 2: Important Notices
Important Notices This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as at 13 September 2016. The information contained in this presentation is of a general nature and does not purport to be complete. This presentation is not investment or financial
Slide 3: Company Summary
Company Summary Lefroy Exploration Limited (LEX) formally US Masters Holdings (ASX:USH), with a primary focus on high-grade gold and nickel deposits in the Yilgarn Craton of Western Australia LEX has secured tenements in the Kalgoorlie Goldfields, Lake Johnston and Murchison districts in Western
Slide 4: Company and Transaction Overview
Company and Transaction Overview LEX is undertaking the following transactions as per the capital structure below Overview of Proposed Transactions and Capital Raising Shares Issued LEX acquires Hogans Resources Pty Ltd 7.6 million LEX acquires E15/1447 from Montezuma Mining Company Limited (ASX:M
Slide 5: Company Ownership Post-Raise
Company Ownership Post-Raise Post-Raise Issued Capital (incl. ESP Shares): Post-Equity Raise Capital Structure 64.5 million shares Major Shareholders Shares (M) % 16.9% Michael Davies 29.6% Other Directors Mike Davies (NED)1,2 10.9 16.9 HRPL Shareholders Other Directors1,2 7.9 12.2 12.2% Montezuma M
Slide 6: Board and Management Team
Board and Management Team Gordon Galt Gordon is a mining engineer with extensive experience in operations, project development, senior management and directorship across a range of commodities, especially gold, copper and coal. Gordon was General Manager Non-Executive at Ulan Coal in NSW's Hunter Va
Slide 7: Exploration: Focus & Opportunity
Exploration: Focus & Opportunity Focus: undertake exploration for gold and nickel deposits in premier areas of the Yilgarn Craton of Western Australia The Lefroy Project: core gold project in excess of 500km2 of contiguous tenements, within 50km of Kalgoorlie Lake Johnston Project: 300km2 of t
Slide 8: Lefroy Project: Overview
Lefroy Project: Overview Tenement Package Overview LEX has consolidated a number of tenements at Lefroy through its acquisition of Hogans Resources Pty Ltd and of E15/1447 from MZM This amalgamation has created a single tenement package in excess of 500km2 prospective for gold 100% owned tenem
Slide 9: Lefroy Project: Overview
Lefroy Project: Overview The foundation asset and initial core focus for exploration Commanding land package within world-class gold district Project area bounded by major regional structures that control gold mineralisation in the district Compilation of an initial drilling, geophysical and g
Slide 10: Lefroy Project: Overview
Lefroy Project: Overview Hosts major gold-bearing structures Five major gold-mineralised trends recognised that are core focus for target evaluation and generation Traditional surface geochemical sampling ineffective due to the extensive salt lake systems and transported cover Five high priori
Slide 11: Lefroy Project: Zanex Prospect
Lefroy Project: Zanex Prospect Area targeted by Cyprus Gold Australia Corporation ( Cyprus) in 1997 Cyprus air core drill intersection of encouraging gold mineralisation (6m@2.87g/t Au) under Lake Lefroy Previous drilling is widespaced (160m x 800m) and may not have identified footprint of a g
Slide 12: Zanex Prospect
Lefroy Project: Zanex Prospect Drill Section 6551800N Wide zone of gold mineralisation over a 12m interval, including 1m@9.43g/t Au in the bedrock of drill hole LFA182 Single hole from a wide-spaced drill program in 1996 never followed up A limited geochemical footprint of a gold system could
Slide 13: Coogee South Prospect
Lefroy Project: Coogee South Prospect Priority drill ready target adjacent to the high-grade Coogee Open Pit Most drilling is mid-1990s vintage and is shallow RAB/Air core Multiple Geochemical targets identified from review of historical data, priority being immediately south along strike of the
Slide 14: Coogee South Prospect
Lefroy Project: Coogee South Prospect Priority drill target 30 year old tenement boundary has constrained a more logical exploration approach There has been no follow up exploration along strike of Coogee, with no drilling since 2006 Intersection of 17m@1.67g/t Au in the last hole of the drill
Slide 15: Lucky Strike Prospect
Lefroy Project: Lucky Strike Prospect Previous exploration results have revealed a mineralised trend of gold anomalism to the northwest of the Lucky Bay Open Pit Integration with detailed gravity and aeromagnetic data has enhanced the prospectivity of the mineralised corridor Standout drill in
Slide 16: Red Dale Prospect
Lefroy Project: Red Dale Prospect Major gold anomaly adjoining Salt Creek mine site Gold mineralisation already discovered in bedrock and overburden Drill targets to be generated from interrogation and interpretation of the results 16
Slide 17: Neon Prospect
Lefroy Project: Neon Prospect Gold anomaly associated with northwest trending structures transecting the Burns Intrusion North-South orientated drill lines are 320 m apart and parallel the gold anomaly Initial East-West angled drilling planned to evaluate the underlying mineralisation and associ
Slide 18: Lake Johnston Project: Overview
Lake Johnston Project: Overview The Lake Johnston Project is located to the west of Norseman and is north of the Maggie Hays and Emily Ann nickel deposits LEX considers the area prospective for gold and nickel All tenements are 100% owned and granted LEX will secure the gold and nickel explo
Slide 19: Lake Johnston Project
Lake Johnston Project Large land holding prospective for gold and nickel Study by geophysical consultants Newexco has highlighted 3 targets with nickel sulphide (NiS) potential At the priority T1 nickel target, previous drilling of geophysical anomalies has intersected NiS Exploration will req
Slide 20: Lake Johnston Project: Frodo Prospect
Lake Johnston Project: Frodo Prospect A well-defined trend of gold anomalism can be traced through the Frodo grid for 1100m Gold mineralisation is hosted within a alteration zone in amphibolite with associated quartz veining 500m along strike a historical RAB hole intersected 4m@8.06g/t Au I
Slide 21: Murchison Project: Overview
Murchison Project: Overview LEX has portfolio of tenement applications in the Murchison between Cue and Big Bell These tenements are considered prospective for gold The Austin and Fleece Pool tenements lie adjacent to the Cuddingwarra Gold Mining Centre The Big Bell South tenement covers the
Slide 22: Planned Work Programme
Planned Work Programme Lake Lefroy Coogee South: Evaluation of mineralised trend with air core hammer drilling and follow up RC drilling Lucky Strike: Infill air core drilling planned to follow up anomalous intersection with a follow up phase to involve air core drill traverses across the proj
Slide 23: Application of Funds: Base Case
Application of Funds: Base Case Prospect Project Commodity Activity Year 1 Year 2 Total Coogee South Lefroy Gold Drilling $190,000 $110,000 $300,000 Lucky Strike Lefroy Gold Drilling $85,000 $125,000 $210,000 Zanex Lefroy Gold Geophysics $60,000 $60,000 Drilling $120,000 $150,000 $270,000 Red Dale L
Slide 24: Application of Funds: Incl. LIT Proceeds
Application of Funds: Incl. LIT Proceeds Prospect Project Commodity Activity Year 1 Year 2 Total Coogee South Lefroy Gold Drilling $257,000 $325,000 $582,000 Lucky Strike Lefroy Gold Drilling $150,000 $200,000 $350,000 Zanex Lefroy Gold Geophysics $70,000 $70,000 Drilling $145,000 $205,000 $350,000
Slide 25: Investment Case
Investment Case The Company considers that there is no better commodity to explore for and no better place to explore than gold in Western Australia The Company has consolidated a highly prospective gold tenement package near Kalgoorlie, which complements its other tenement packages at Lake John
Slide 26: Thank You
Thank You Lefroy Exploration Limited Perth Office Level 1, 30 Richardson Street ARBN 052 123 930 West Perth WA 6005 Australia Phone +612 8314 5580 Australian Registered Office Fax +612 8314 5555 Suite 4101, Level 41, Gateway Email info@lefroyex.com 1 Macquarie Place Sydney NSW 2000 Australia www.lef
Slide 27: Competent Person Statement
Competent Person Statement The information in this presentation that relates to exploration results is based on, and fairly represents, information and supporting documentation compiled by Wade Johnson and Geoff Pigott, both competent persons who are members of the Australasian Institute of Geoscien
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