West African Resources Ltd · ASX:WAF
West African Resources — Diggers & Dealers 2016
19 slides from West African Resources's conference presentation, Aug 3, 2016
Slide 1: Defining a World-Class Project
For personal use only DEFINING A WORLD-CLASS PROJECT DIGGERS & DEALERS, AUGUST 2016 1
Slide 2: Important Notice: Cautionary Notes
IMPORTANT NOTICE Cautionary Notes For personal use only Mineral Resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred min
Slide 3: Overview of Tanlouka Gold Project
OVERVIEW OF TANLOUKA GOLD PROJECT For personal use only Tanlouka: Defining a World-Class Project • Recent transformational exploration success has underpinned a planned CIL development – TAN16-RC122: 12m at 53.11g/t Au, including 1m at 534.45g/t Au – TAN16-DD033: 4m at 86.96g/t Au from 93m including
Slide 4: Corporate Overview
CORPORATE OVERVIEW For personal use only ASX & TSX-V: WAF Share Price (ASX) Total Ordinary Shares on Issue 408.9m 0.30 6,000,000 Daily Volume Traded On-Market Daily Close Price - WAF Options on issue 80.6m 0.25 5,000,000 Top 20 Shareholders 55% Daily VolumeTraded On-Market 0.20 4,000,000 Cash (as at
Slide 5: Experienced Board & Management
EXPERIENCED BOARD & MANAGEMENT Board of Directors For personal use only Richard Hyde Geologist with 20 years of experience in the minerals industry and more than 15 years of experience in West Africa. Managing Director and CEO Founding shareholder and Director of WAF. Mark Connelly Executive with mo
Slide 6: Tanlouka Gold Project
For personal use only TANLOUKA GOLD PROJECT 6
Slide 7: Overview The Tanlouka Gold Project
OVERVIEW THE TANLOUKA GOLD PROJECT • M1, M3 and M5 Deposits For personal use only • All located within 2-3km • Potential for centralised plant and processing • Mineral Resource 9.8Mt tonnes at 2.1 g/t Au (0.7Moz Indicated), 10.7Mt tonnes at 2.0 g/t Au (0.7Moz Inferred) • 34% increase in Indicated mi
Slide 8: M1 South: Focus Shift
M1 SOUTH: FOCUS SHIFT Ultra high grade discovery hole For personal use only at M1 South TAN16-RC122 1st March 2016 • 11,000m drilling, average depth 120m, 150m resource depth • Maiden resource 0.3Mt at 10.3 g/t Au (96Koz Ind.), 0.4Mt at 6.4 g/t Au (83Koz Inf.) • 1,600oz/m 30m -130m below surface • D
Slide 9: M1 South Gold Mineralisation
M1 SOUTH GOLD MINERALISATION TAN16-RC122: 12m at 53.11g/t Au including 1m at For personal use only 534.45g/t Au TAN16-DD044: 18m at 82.28g/t Au including 1m at 1107.5g/t Au 9
Slide 10: M5 Tonnes of Options
M5 TONNES OF OPTIONS • 9Mt at 1.9 for 0.5 Moz Au For personal use only (Indicated) and 9.3Moz at 1.8g/t Au 0.6 Moz Au (Inferred) • Over 50% oxide and transitional material • Metallurgical test work recoveries up to 98% oxide, 92% fresh • 56,000m RC and diamond drilling, average depth 140m • Ore shoo
Slide 11: Work Program for 2016 – The Perils of Wet Season
WORK PROGRAM FOR 2016 – THE PERILS OF WET SEASON • M1 South - two diamond rigs For personal use only commenced 25m x 50m pattern drilling 150m to 300m below surface • M5 - one multipurpose RC/diamond rig, upgrading in-pit inferred resources, pre- collaring deep diamond at south-western portion of de
Slide 12: Further Resource Potential
FURTHER RESOURCE POTENTIAL • 20,000m drilling campaign 2016 For personal use only adding to the resource inventory and upgrading inferred resources • M1 South 10,000m diamond drilling, 25m x 50m centres to test mineralisation to 300m vertical • M5 7,000m RC and diamond drilling upgrading in-pit infe
Slide 13: Feasibility Study Is on Schedule
FEASIBILITY STUDY IS ON SCHEDULE Feasibility Study is on schedule to be delivered in late Q4 2016 For personal use only • This will represent only 9 months from discovery of high grade at M1 South • The Feasibility Study work underway: Resources: will incorporate additional resources defined befor
Slide 14: Feasibility Consultants
FEASIBILITY CONSULTANTS • Process Plant Design - Mintrex For personal use only • Metallurgical Overview - Aurifex • Metallurgical Testwork ALS - Ammtec • Comminution Modelling - Orway Mineral Consultants • Hydrogeology - Knight Piesold • Environmental Permitting - INGRID supervised by Knight Piesold
Slide 15: Upcoming Catalysts
UPCOMING CATALYSTS Upcoming catalysts Tanlouka to become a world-class gold mine For personal use only Q4 2016 Q2 2017 Mining Licence and Further definition of Environmental Permit high grade material Q4 2016 Definitive Feasibility Study Delivered & FID Exploration World-Class 2016 2017 2018 Succ
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS Burkina Faso focussed gold developer; ASX and TSX-V listed (“WAF”) For personal use only WAF owns 100%# of the Tanlouka Gold Project in Burkina Faso Recent ultra high grade discoveries have significantly upgraded the Tanlouka Gold Project A significant development scena
Slide 17: Contacts
CONTACTS For personal use only Richard Hyde Managing Director richard@westafricanresources.com +61 8 9481 7344 17
Slide 18: Appendix: Additional Slides
For personal use only APPENDIX: ADDITIONAL SLIDES 18
Slide 19: Mineral Resources & Ore Reserves
MINERAL RESOURCES & ORE RESERVES For personal use only ASX, TSXV: New release dated 1/8/16 *Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the relative accuracy of the estimates. Mineral resources have been reporte