Gwr Group Limited · ASX:GWR
Gwr — Golden West Resources — Mid West Mining Conference, Perth 2010
25 slides from Gwr's conference presentation, February 2010
Slide 1: Mid West Mining Conference, Perth February 2010
Mid West Mining Conference, Perth February 2010
Slide 2: Regulatory and Compliance Disclaimer
Regulatory and Compliance Disclaimer This presentation contains reference to certain plans of Golden West Resources which may or may not be achieved. The performance and operations of Golden West Resources may be influenced by a number of factors, uncertainties and contingencies many of which are ou
Slide 3: Content
Content • Company Snapshot • The Project • Achievements • Iron Ore Resources • Strategic Direction • Infrastructure • Iron Ore Development Timeline • Gold Resources • Community
Slide 4: Financial Information
Financial Information Issued Securities Ordinary Shares (GWR) 143M Issued Options 28M Capitalisation / Cash Market Cap (71.5c per share 24/02/10) $102M Cash (31/12/09) $13.50M Major Shareholders Cliffs Asia Pacific Iron Ore Pty Ltd 16.96% Fairstar Resources Limited 16.28% Hunan Valin Steel Co Ltd 10
Slide 5: Directors & Management
Directors & Management David Sanders (Non Executive Chairman) 15 years experience in corporate and resources law John Lester (Managing Director) 35 years international stockbroking experience and corporate adviser Mick Wilson (Executive Director / Exploration Manager) 25 years exploration geologist
Slide 6: Project Location
Project Location WESTERN AUSTRALIA Kununurra The 440km² Wiluna West Project is located 0 300 km BROOME approximately 40km west of the township of Wiluna in the North Eastern Goldfields of Dampier PORT HEDLAND Western Australia Marble Bar Karratha Tom Price Paraburdoo Newman GOLDEN WEST RESOURCES WIL
Slide 7: Project Location
Project Location ‘West RESOURCES LEGEND {1} Greenstone belt | / Granite Yerida basin | (Proterozoic) Major deposit | Minor deposit Gold Nickel Uranium Iron Other Tenements
Slide 8: Achievements
Achievements The 2009 Year had been one of consolidation and focus by Golden West Resources with the clear objective being to advance from an exploration phase into a project development phase and Iron Ore production • Resource upgrade • Draft prefeasibility study • Offtake and placement Hunan Valin
Slide 9: Resources
Resources Golden West Resources is an emerging high quality, low impurities iron ore company transitioning from exploration phase to a project development phase 1. Flagship 148 million tonne Inferred and Indicated Hematite Resource at 59.1% Fe at Wiluna West – Western Australia 2. Gold exploration a
Slide 10: Wiluna West Mineral Resource Update February 2010
Iron Ore Resource Wiluna West Mineral Resource Update February 2010 (50% Fe cut-off) Classification Tonnes Fe % SIO2 % Al2O3 % P % LOI % Measured 1.2 61.9 6.5 2.9 0.04 1.7 Note improving Indicated 49.2 60.5 7.2 2.6 0.05 3.3 trend Inferred 97.3 58.4 8.9 2.8 0.06 4.1 Total 147.7 59.1 8.3 2.7 0.06 3.8
Slide 11: Iron Ore JORC Resource
Iron Ore JORC Resource 160 147.7Mt Inferred Indicated Measured 1.2 140 1.2 120 42.4 49.2 100 80 123.8 60 97.5 97.3 86.3 40 50.1 20 0 Apr 07 Oct 07 Aug 08 Oct 09 Feb 10
Slide 12: Iron Ore Resource Plan
Iron Ore Resource Plan • Current resource defined within two distinct BIF units over a strike length of 15km • Unit B consists of four Hematite bands with eastern most band containing higher grade Fe and low deleterious elements • Unit C more massive and consists of discrete pods containing up to 20
Slide 13: Joyners Find Cross Section
Joyners Find Cross Section 794,050 mE 794,100 mE 794,150 mE 600 mRL 1m @ 57.01% Fe 1m @ 66.77% Fe 7m @ 59.03% Fe 4m @ 60.17% Fe 12m @ 63.58% Fe 4m @ 68.16% Fe 25m 550 mRL WILUNA WEST PROJECT Joyner’s Find Prospect – 7,035,100mN 10m @ 63.12% Fe Low Grade Hydrated Ore High Grade Iron Ore Iron Formatio
Slide 14: C3 Cross Section
C3 Cross Section 792,650 mE 792,700 mE 792,750 mE 600 mRL 32m @ 60.56% Fe 21m @ 63.2% Fe 10m @ 56.5% Fe 550 mRL WILUNA WEST PROJECT C3 Prospect 29m @ 64.6% Fe 25m – 7,038,950mN Ultramafic Low Grade Hydrated Ore High Grade Iron Ore Iron Formation Undifferentiated Mafic / Ultramafic
Slide 15: Strategic Direction
Strategic Direction Emerging as a key player in the Mid West • 2nd largest Hematite DSO resource in the Mid West • High quality product • Full scale production dependent on timely infrastructure development
Slide 16: Strategic Direction - Short term
Strategic Direction - Short term Together with KPMG, Golden West Resources have established a sound go-forward development strategy. Short term strategies • Approvals in place to commence High-grade iron ore production (Joyners Find) by end of calendar 2010 – Targeting circa 1 million tonnes per ann
Slide 17: Strategic Direction - Mid term
Strategic Direction - Mid term Mid term strategies - Wiluna West • Define a proven and probable Reserve of 60Mt • Work with strategic partners to address a Mid West Infrastructure solution • Complete Pre-Feasibility Study for flagship project • Move towards DFS and Major Scale Iron Ore Production
Slide 18: Strategic Direction - Long term
Strategic Direction - Long term Long term strategies • Identify further iron ore exploration opportunities – Grow the Company – Grow the regional resource – Grow the market options
Slide 19: Transport Options
Transport Options Oakajee • Current Option for ~10Mt per annum. Spur or Public Total Port Road Rail (km) (km) (km) Oakajee 230 400 630 Port Hedland 590 420 1010 Esperance 320 650 970
Slide 20: Transport Options
Transport Options Marble Bar Karratha Paraburdoo Tom Price Newman Esperance GOLDEN WEST RESOURCES WILUNA WEST IRON PROJECT • Start up option for ~1Mt per annum. PROPOSED RAILWAY Jack Hill Wiluna West to proposed Oakajee Port Meekatharra WILUNA Weld Range Kalbarri Tallering Peak Mt. Magnet Mt. Forres
Slide 21: Timeline
Wiluna West Iron Ore Project Indicated 49Mt @ 141Mt @ 60.5% Fe Environmental 59% Fe study completed Indicated 42Mt Native Title Timeline KPMG @ 60% Fe Joyners Find agreement report 19Mt @ 63% Fe Mining Dec 2004 Jan 2006 Apr 2007 Oct 2009 Feb 2010 Approvals Listed on major iron Maiden Interim Upgrade
Slide 22: Gold Resource Map
Gold Resource Map • Gold resources located in the Joyners Find Greenstone belt • Gold mineralisation is associate with two northerly trending shear zones – The Brilliant – The Joyners Find • The Joyners Find shear zone contains more than 75% of the identified gold mineralisation • Known areas of gol
Slide 23: Gold Resources
Gold Resources Prospect Resource Style Tonnage Grade Ounces Type g/t Au Au Iron Monarch Indicated BIF 140,000 3.0 13,500 Eagle East Indicated BIF 102,000 3.7 12,000 Hawk Indicated BIF 42,000 2.5 3,400 Iron King Indicated BIF 163,000 3.3 17,300 Iron Duke Indicated BIF 143,000 2.6 12,000 Goldfinch Ind
Slide 24: Community
Community Employment Sport Sustainable Community Projects Projects
Slide 25: Mid West Mining Conference, Perth February 2010
Mid West Mining Conference, Perth February 2010
Golden West Resources — Mid West Mining Conference, Perth 2010 on 6ix