Westgold Resources Ltd · ASX:WGX
Westgold Resources — Westgold Resources NL — Shareholder Meeting (November 2007)
21 slides from Westgold Resources's shareholder meeting presentation, Nov 29, 2007
Slide 1: AGM 2007
@) Westgold Resources NL AGM 2007 29 November 2007
Slide 2: Chairman's Address
AGM 2007 Chairman's Address Michael Atkins
Slide 3: Key Investment Summary
Key Investment Summary 1. Rover Project – NT - Potential to develop a new polymetallic mineral field. - Explorer 108 – large Zn + Pb (Cu+Au) system continues to expand in size - Rover 1 – high grade Au + Cu “IOCG” system – drilling focus in early 2008 - Large unexplored tenement holding ~12,000 sq k
Slide 4: 12 Month Achievements
12 Month Achievements Since 2006 AGM Corporate • Acquired 100% of Rover Project via take over of Navarre Resources Pty Ltd. • Attracted new cornerstone shareholder (MLX) with extensive industry experience. • Restructure of Board and Management. • Settlement of all outstanding litigation. • Successfu
Slide 5: Capital Structure
Capital Structure Shares on issue 113.4m Options (Directors and staff) 3.7m Diluted Market Capitalisation ($0.36) $42.2m Investments – Aragon Resources Limited (42%) $6.0m Major Shareholders • Metals X Limited 23.4% • Management 15.3% • Top Twenty Shareholders hold approximately 67% Directors/Manage
Slide 6: Exploration Update
AGM 2007 Exploration Update Tony Martin - CEO
Slide 7: Rover Project
Rover Project Rover Base Metals & Gold Project Rover Project Cu - Au Pb - Zn
Slide 8: Rover Project, NT
Rover Project, NT Poorly Explored Proterozoic - no drilling from 1982-2005 Dominant holding – 12,000sq km Excellent infrastructure 300000mE 400000mE 500000mE 7900000mN 200000mE Tennant Creek Field 5Moz Au 0.5Mt Cu Gas Legend EL25372 $8 billion production Tenement Application Pip Granted Tenement EL2
Slide 9: Advanced Prospect Locations
Advanced Prospect Locations Explorer 108 Zn Pb Prospect 300000mE 350000mE 400000mE 7850000mN 0 10km Scale Warrego Gecko ELA25507 White Devil Peko ELA25506 Tennant Creek ELA25345 Juno Explorer 108 Nobles EL8823 Pb Zn Nob 7800000mN Stuart Highway Gas Pipeline EL8994 ELA24057 Explorer 142 Railway Cu Au
Slide 10: Explorer 108
Explorer 108 “Growing into large polymetallic system” 2007 Results •Large Pb Zn footprint 450 x 250 metres •Remains open along strike •Higher-grade potential to east •Thick mineralisation in most holes •Cu potential on western side Zn + Pb 500 m AngloGold clawback period limited to 3 Cross-Section m
Slide 11: Explorer 108 Pb Zn Mineralisation
Explorer 108 Pb Zn Mineralisation “New geology model starting to focus drilling on higher-grade >10% Zn + Pb” •Major fold structure •Highest grade on dolomite – volcanic contact •Best mineralisation on eastern limb ¾46m at 5.9% Zn + 5.2% Pb + 53g/t Ag •Open down dip higher-grade potential •Pb tenor
Slide 12: Explorer 108 Cu Mineralisation
Explorer 108 Cu Mineralisation “Untested Potential” •West of Pb Zn Mineralisation •Limited drilling – 1 hole •Broad anomalous intervals •High-grade vein hosted Cu •IOCG related •Broad Cu anomaly in cover sequence Cu Zn + Pb ?
Slide 13: Explorer 108 - Gravity Ridge
Explorer 108 - Gravity Ridge “Potential to expand and locate multiple systems” • Part of larger gravity complex • Limited deep drilling outside main Explorer 108 Zn + Pb Zn + Pb zone Mineralisation • Testing in late 2007 Inset drill hole plan 500m 1 km
Slide 14: Advanced Prospect Locations
Advanced Prospect Locations Rover 1 Gold Copper Prospect 300000mE 350000mE 400000mE 7850000mN 0 10km Scale Warrego Gecko ELA25507 White Devil Peko ELA25506 Tennant Creek ELA25345 Juno Explorer 108 Nobles EL8823 Pb Zn Nob 7800000mN Stewart Highway Gas Pipeline EL8994 ELA24057 Explorer 142 Railway Cu
Slide 15: Rover 1 - Model
Rover 1- Model “High-grade Au Cu Potential” Tennant Creek “IOCG” Model “Warrego, White Devil, Nobles Nob, Peko” • 5 to 10 Mt Ironstone • 0.5 to 1.5 Moz at +10g/t Au • ±100,000t Cu at >1% Tenement Boundary • Au generally occurs in very high-grade pods within broader Cu-rich ironstone Historical Drill
Slide 16: Rover 1 - Model
Rover 1- Model Tennant Creek “IOCG” Model “Warrego, White Devil, Nobles Nob, Peko” • 5 to 10 Mt Ironstone • 0.5 to 1.5 Moz at +10g/t Au • ±100,000t Cu at >1% Tenement Boundary • Au generally occurs in very high-grade pods within broader Cu-rich ironstone Historical Drilling WGR ¾ 22m @ 13.4g/t Au, 1
Slide 17: Rover Unconformity: Drilling in 2008
7788000mN 7787800mN 1000m RL Surface S N Rover 1 Unconformity “Drilling in 2008” •No drilling up dip 800m RL Untested •Limited drilling along strike Ironstone ~300m Potential •WGR to commence drilling after wet season assuming final grant. •Use “Warrego Model” to explore for high- grade gold 600m RL
Slide 18: Exploration Plan 2008
Exploration Plan 2008 “Drilling focus to move to Rover 1” Rover 1 • Detailed geophysics • Drilling to commence March* • Confirm high-grade intersections • Test up/down dip potential Explorer 108 • Commence resource and economic evaluation • Metallurgical testing • Drilling to expand high-grade zones
Slide 19: Future Exploration
Future Exploration Numerous geophysical targets to be systematically tested 300000mE 350000mE 400000mE 7850000mN Warrego Gecko EL25507 White Devil Peko EL25506 Tennant Creek EL25345 Juno EL24057 Expl 120 Nobles EL8823 Rover 5 Nob 7800000mN Stuart Highway Rover 7 Underground Gas Pipeline Expl 108 EL8
Slide 20: Summary Key Investments
Summary Key Investments 1. Rover Project – NT - Potential to develop a new polymetallic mineral field. - Explorer 108 – large Zn + Pb (Cu+Au) system continues to expand in size - Rover 1 – high grade Au + Cu “IOCG” system – drilling focus in early 2008 - Large unexplored holding ~12,000 sq km – nume
Slide 21: Creating Shareholder Wealth
Creating Shareholder Wealth Exploration Discovery Acquisitions Resources Development Mines
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