West African Resources Ltd · ASX:WAF
West African Resources — Investor Presentation (August 2012)
30 slides from West African Resources's investor presentation, Aug 6, 2012
Slide 1: Investor Presentation August 2012
For personal use only Investor Presentation August 2012 Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
DISCLAIMER AND JORC NOTICE For personal use only This presentation has been prepared by West African Resources Limited (‘WAF’ or the ‘Company’). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or in
Slide 3: Agenda
AGENDA For personal use only THE THE THE THE COMPANY COUNTRY EXPLORER FUTURE
Slide 4: The Company
For personal use only THE COMPANY
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Largest 3km along strike Targeting ASX-listed from emerging maiden resource landholder in 3.5Moz deposit estimate in 2012 Burkina Faso, West Africa 30 contiguous Major permits covering 6,370km2 over 200km strike of Copper-Gold greenstone discovery in 2012
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Highly-skilled team, hands-on West African experience WAF-owned fleet of six rigs, low cost exploration $4m cash to fund aggressive drilling campaign for 2012-2013
Slide 7: Capital Structure July 2012
THE COMPANY CAPITAL STRUCTURE 31 July 2012 For personal use only Total Ordinary Shares on Issue： 163.4M Director & Management Options： 38.6M Number of shareholders： 1,040 Directors & Management Interest： 35% Top 20 Shareholders： 65% Cash： $4M Market Capitalisation at $0.18： $29.4M
Slide 8: Board
BOARD For personal use only Francis Harper - Chairman Investment Banker, 25 yrs. experience Richard Hyde - Managing Director Geologist, 15 yrs. experience Stephen Ross - Non-Exec Director Geologist, 18 yrs. experience Simon Storm - Non-Exec Director Accountant, 25 yrs. experience
Slide 9: The Country
For personal use only THE COUNTRY
Slide 10: Burkina Faso
BURKINA FASO For personal use only More than 4th largest 1/5 of West Africa’s gold producer in Africa total greenstone belt by the end of 2011 exposure Six new Investment mines in production in friendly mining code the past five years
Slide 11: The Explorer
For personal use only THE EXPLORER
Slide 12: Boulsa Project, Burkina Faso
BOULSA PROJECT For personal use only BURKINA FASO OUAGADOUGOU
Slide 13: Boulsa Project
For personal use only BOULSA PROJECT
Slide 14: Boulsa Project
BOULSA PROJECT For personal use only Over 30 contiguous permits, 100% owned covering 6,370 km2 200km strike of greenstone belt Along strike from emerging 3.5Moz deposit Extensive near-surface gold mineralisation in RAB & RC drilling High-grade gold mineralisation in 3.5Moz Au Bomboré deeper diamond
Slide 15: Sartenga
SARTENGA For personal use only Major Copper-Gold discovery at 100%-owned Sartenga Prospect Porphyry-related Au-Cu-Mo mineralisation Grades up to 1.1g/t Au, 0.8%Cu, 1355ppm Mo in drillcore Sulphide results including 45.5m at 1.1g/t Aueq* from 112m - including 15.5m end of hole at 1.6g/t 72.8m at 1.08
Slide 16: Sartenga
For personal use only SARTENGA
Slide 17: Sartenga
For personal use only SARTENGA
Slide 18: Moktedu Prospect
MOKTEDU PROSPECT For personal use only high-grade oxide mineralised zone from surface WAF discovery from first principles in 2011 10km target strike length, supported by coincident magnetic trend, WAF RAB and auger drilling, and historic soil sampling High-grade gold from surface and at depth over 5
Slide 19: Moktedu Prospect
MOKTEDU PROSPECT For personal use only high-grade results from surface and at depth RC Drilling 6m at 8.36 g/t Au from surface, including 1m at 42.95g/t Au 20m at 0.64 g/t Au from surface, including 8m at 1.24g/t Au 3m at 7.64 g/t Au from 33m, including 1m at 20.93g/t Au 4m at 8.39 g/t Au from 4m Di
Slide 20: Moktedu
For personal use only MOKTEDU
Slide 21: Moktedu
For personal use only MOKTEDU
Slide 22: Moktedu
For personal use only MOKTEDU MOKTEDU
Slide 23: Meguet Prospect
For personal use only MEGUET PROSPECT
Slide 24: Meguet Prospect RC & RAB Results
MEGUET PROSPECT RC & RAB RESULTS For personal use only 2009-10 RC Results 2011-12 RAB Results 7m at 2.32g/t Au from 4m 10m at 7.67 g/t Au from 0m, ended in mineralisation 8m at 2.52g/t Au from 37m 10m at 2.77 g/t Au from 0m, ended in mineralisation 20m at 0.95g/t Au from 0m 24m at 1.00 g/t Au from 0
Slide 25: For personal use only
i = RC Drill Collar 747,000E Ended in Mineralisation 1 20m@0.54 git Au from 20m 747 500E Sasso A 40.5 git Au DrillIntercept GApienlltcs 7m@1.55 g/t Au from 28m (ay <= Interpreted Fault 200 metres ~~~ Shear Zone 16m@1.49 g/t Au from 30m [2] Matic Votcanics [J Granodiorite 4m@1.69 g/t Au from 8m E of)
Slide 26: The Future
For personal use only THE FUTURE
Slide 27: 2012-13 Field Season and Beyond
2012-13 FIELD SEASON AND BEYOND… For personal use only Badnogo Three discoveries since 2010 Sartenga Over 40km of auger geochem anomalies to follow-up WAF-owned fleet of six rigs minimising exploration spend Meguet Cost-effective exploration Bissiri Auger-drilling Moktedu 2012-2013 field season 3.5M
Slide 28: Summary
SUMMARY For personal use only WAF- Highly-skilled Largest team, hands-on West ASX-listed landholder owned fleet of African experience in Burkina Faso six rigs, low-cost exploration
Slide 29: Summary
SUMMARY For personal use only Cu-Au High-grade Au Targeting Results including 6m at maiden resource Discovery 8.36g/t Au from surface estimate in results including December 2012 72.8m at 1.08g/t Au and 0.48% Cu from 6m downhole
Slide 30: West African Resources Ltd
WEST AFRICAN RESOURCES LTD www.westafricanresources.com ACN 121 539 375 For personal use only Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887 Investor Presentation August 2012
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