Breaker Resources NL — Precious Metals Summit, Beaver Creek 2022
26 slides from Breaker Resources NL's conference presentation, Sep 14, 2022
Slide 1: From Discovery to Development, 1.7Moz and Growing
FROM DISCOVERY TO DEVELOPMENT, 1.7MOZ AND GROWING Precious Metals Summit, Beaver Creek, 14 September 2022 1
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation is for information purposes only. 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 presentation may not be dist
Slide 3: An Emerging Gold Developer
AN EMERGING GOLD DEVELOPER Lake Roe Gold Project – 100km East of Kalgoorlie WA Lake Roe Project - A 1.7Moz deposit in an emerging greenfields gold district in Western Australia, the world’s No.1 ranked mining jurisdiction Virgin high-grade gold discovery; gold within 5m of surface, at least 800m d
Slide 4: Bombora: 3.5km Strike Length, High-Grade at Surface & at Depth
BOMBORA: 3.5KM STRIKE LENGTH…HIGH-GRADE AT SURFACE & AT DEPTH Long Section Looking West Large-scale with kilometric continuity Open all directions Amenable to open pit and underground mining #ASX Release 13/09/2022 4
Slide 5: Systematic Resource Growth Over 5 Year Period
SYSTEMATIC RESOURCE GROWTH OVER 5 YEAR PERIOD Discovery cost AUD$40/oz over a 5 year period (it pays to drill) 1.7Moz Open Pit and Underground Resource 1,684,000oz @ 1.6g/t Au (Global; Optiro Pty Ltd, Dec 2021) Open Pit Component 1,025,000oz @ 1.3g/t (0.5g/t cut-off) incl. 739,000oz @ 2.0g/t
Slide 6: Corporate Overview
CORPORATE OVERVIEW Key Metrics A$ 27M in cash/listed shares Milestone payments of up to A$20M from free-carried lithium JV ASX Code BRB Strong US institutional backing; strong management equity position Cash & Investments A$27.6m Electrum 1 Cash A$11.7m Paulson and Co 2 ASX listed shares A$1
Slide 7: Located in Epicentre of Australian Gold Mining
LOCATED IN EPICENTRE OF AUSTRALIAN GOLD MINING Concealed by thin, transported cover On eastern margin of world class Kalgoorlie-Kurnalpi Rift Zone1 100km east of Kalgoorlie, the heart of Australian gold mining Australia is world 3rd largest gold producer 150m wide (315t) after China (332t) and R
Slide 8: Strategic Location
STRATEGIC LOCATION Lake Roe Project Regional Geology Situated between two operating gold mines (Carosue Dam and Karonie) 600km2 area with good road/rail access 50km of prospective strike Granted mining lease Targeting a 100-150Koz pa standalone gold operation Between two converging regio
Slide 9: Bombora, Part of Much Larger System
BOMBORA, PART OF MUCH LARGER SYSTEM Plan View of 9km Gold System 150m wide mineralised zone Crescent-Kopai A partly drilled gold system extending over 9km inside 50km of strike Essentially no outcrop so we use aircore drilling as first pass test 150m wide Three discoveries so far with many are
Slide 10: Bombora, Regular, Repetitive and Predictable Lodes
BOMBORA, REGULAR, REPETITIVE AND PREDICTABLE LODES* A: Typical steep lode with strong silica-albite-biotite-pyrrhotite alteration (Tura Lode; 5.25m @ 12.71g/t#) B: Gold in steep lode C: Gold in flat lode quartz vein D: West-dipping quartz stockwork (Mindil Lode; 7m @ 32.66g/t^) (North Point 1; 2.9m
Slide 11: Favourable for Open Pit & Underground Mining
FAVOURABLE FOR OPEN PIT & UNDERGROUND MINING Bombora: Perspective View of RC and Diamond Drilling with all Mineralisation Wireframes # 40m x 20m drill spacing in open pit area to ~200m below surface Kilometric scale – all lodes which occur in a regular predictable way 80m-spaced sections below
Slide 12: Favourable Open Pit Configuration
FAVOURABLE OPEN PIT CONFIGURATION Bombora: Cross section along 6602120mN Ounces per vertical metre The most common style of gold deposit in Australia (dolerite-hosted gold lodes) Individual lodes up to 2km long Kilometric-scale continuity on all lodes significantly de-risks future mining Indicat
Slide 13: Favourable Open Pit & Underground Studies
FAVOURABLE OPEN PIT & UNDERGROUND STUDIES April 2022 open pit study1 at Bombora points to a large, single open pit extending over 3km Potential to fund capex from 1km-long Northern starter open pit Preliminary underground study2 indicates potential for A$1,100/oz UG production cost 1km norther
Slide 14: Tura-Style Steep Lode - Good for UG Mining
TURA-STYLE STEEP LODE - GOOD FOR UG MINING Tura Lode long-section (steep lode)1 Tura lode – high-grade continuity over 900m (open) One of eight south-plunging steep lodes (2m-5m ETW) Recent 40m-spaced infill drilling has confirmed continuity Tura Lode: BBRD1135 - 11.82m @ 22.26g/t Au2 1 ASX Re
Slide 15: Strike-Extensive High-Grade Flat Lodes
STRIKE-EXTENSIVE HIGH-GRADE FLAT LODES Perspective View of 2km-long Northern Flat Lode Array1 2.2km strike length of stacked, high-grade flat lodes Infill drilling in progress Has the grade and continuity for underground mining 2m - 10m Estimated True Width 1ASX Releases 9 March 2021, 10 Jun
Slide 16: Metallurgical Testwork – Three Phases, No Issues
METALLURGICAL TESTWORK – THREE PHASES, NO ISSUES Excellent gold recovery in oxide and fresh rock1 96%-99% in oxide and fresh (freshwater) 92% in saline site water High gravity gold 45% Moderate hardness – modest energy consumption Amenable to conventional processing (no deleterious elements)
Slide 17: Our Timeline
OUR TIMELINE Bombora Bombora Resource Resource Planned Phase 1 Discovery Maiden Upgrade Upgrade Resource PFS First RC drill 81% of Resource is drilled 1.7Moz @ 1.6g/t intersections 624,000oz at 1.6g/t to indicated category April 2016 September 2019 December 2021 ~ 6 months April 2018 Extensional & R
Slide 18: Proven Execution Team
PROVEN EXECUTION TEAM Peter Cook Tom Sanders Non-Executive Chairman Managing Director Geologist and proven mine Founding Director and geologist developer with over 35 years’ with over 35 years experience experience in mining, exploration in exploration, mining and and corporate management. corporate
Slide 19: What Makes Breaker Different?
WHAT MAKES BREAKER DIFFERENT? √ A large 1.7Moz deposit in an emerging greenfields gold district in world No.1 ranked mining jurisdiction √ Mining potential extensively de-risked (limited downside) Demonstrated growth potential (huge upside) √ Outstanding value proposition √ Well funded with $27M cas
Slide 20: Thank You
THANK YOU AN EMERGING AUSTRALIAN GOLD PRODUCER WITH 1.7 MILLION OUNCES Precious Metals Summit, Beaver Creek, 14 September 2022 20
Slide 21: Appendix 1: Peer Comparison (ASX-Listed Developers)
APPENDIX 1: PEER COMPARISON (ASX-LISTED DEVELOPERS) Enterprise Value per Global Resource Ounce (AUD$/oz)* Breaker Resources NL Enterprise Value/ Gold Resource oz Grade g/t gold 0.6g/t 1.1g/t 1.2g/t 1.2g/t 1.3g/t 1.6g/t 1.6g/t 2.3g/t Open Pit or UG OP OP OP/UG OP OP OP/UG OP/UG OP/UG Increasing Grade
Slide 22: Appendix 2: Peer Comparison Source Data
APPENDIX 2: PEER COMPARISON SOURCE DATA STN DEG AUC MAU KIN GMD BRB MGV Shares (Appendix 2A/3B) 29/07/2022 1/08/2022 6/07/2022 22/07/2022 25/08/2022 31/08/2022 24/09/2020 12/08/2022 Price (ASX close) 10/09/2022 10/09/2022 10/09/2022 10/09/2022 10/09/2022 10/09/2022 10/09/2022 10/09/2022 Debt (Quarte
Slide 23: Appendix 3: Valuable Free-Carried Lithium Interest
APPENDIX 3: VALUABLE FREE-CARRIED LITHIUM INTEREST High-grade spodumene discovery within Lake Roe Gold Project Joint Venture with Global Lithium Resources (affects ~10% of Lake Roe tenement package) 20% interest free-carried to completion of positive BFS…ongoing milestone payments of up to A$20M
Slide 24: Appendix 4: Ularring Project: Another Discovery in Wait?
APPENDIX 4: ULARRING PROJECT: ANOTHER DISCOVERY IN WAIT? A 228km2 project located 100km east of Perth Pegged in 2014, now part of a new mineral province 45km east of world-class Julimar discovery (Chalice Mining) Indications of a Large Gold-Copper-(Tungsten) System Historical drill intersectio
Slide 25: Appendix 5: Lake Roe Mineral Resource
APPENDIX 5: LAKE ROE MINERAL RESOURCE# Lake Roe Global Base Case Cut-off Grade Category Tonnes Grade Ounces Indicated 15,153,000 1.46 712,000 Bombora Open Pit above 100mRL 0.5 Inferred 2,703,000 1.3 111,000 (87% Indicated) Subtotal 17,856,000 1.4 824,000 Indicated 710,000 2.88 66,000 Bombora Undergr
Slide 26: Appendix 6: Manna Lithium Resource
APPENDIX 6: MANNA LITHIUM RESOURCE* Resource Category Tonnes (Mt) Li2O (%) Ta2O5 (ppm) Inferred 9.9 1.14 49 Total 9.9 1.14 49 Reported above a cut-off grade of 0.55% Li2O Tonnages and grades have been rounded to reflect the relative uncertainty of the estimate GL1 has an 80% interest in the Ma
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