Slide 1: Wishbone Gold Plc: The Force Awakens
Wishbone Gold Plc The Force Awakens Mining Capital Conference London, 10 May 2016 Ver: 3.0
Slide 2: Important Notice
Important Notice This document has been produced in connection with the proposed offer (the “Offer”) of securities in Wishbone Gold Plc (the “Company”) and is the sole responsibility of the Company. The information and opinions contained in this document are provided as at the date hereof and are su
Slide 3: Gold Trading and Exploration
Gold Trading and Exploration • AIM quoted with experienced management • Adding new exposure to gold by acquisition of UAE based gold trading business with all share payment – Initial payment 240,000,000 shares – Further payment of 240,000,000 shares when net profits exceed $1m • Existing supply agre
Slide 4: Directors and Management
Directors and Management Richard Poulden Richard, a qualified Barrister, has co-founded natural resources, healthcare, retail and internet-based Chairman & CEO technology companies where he has executed strategies for growth by acquisition in all sectors. Most recently Richard was Chairman and CEO o
Slide 5: Directors and Management
Directors and Management Jonathan Harrison Jonathan, a chartered accountant with experience in quoted and unquoted companies, has past natural Non-executive Director resource experience as Finance Director of Sirius Minerals Plc overseeing the financial aspects of the company through flotation and i
Slide 6: Group Structure
Group Structure Precious Wishbone Gold Metals Pty International Ltd ieiewr” Wishbone II, Black Sand : ee ne > —
Slide 7: Australian Exploration Permits Retained
Australian Exploration Permits Retained • Data in the public domain lists recent exploration activity and prospectivity of these EPMs • Current exploration environment makes all of these ripe for joint ventures and consolidation • Future exploration programs could be funded from gold trading profits
Slide 8: Operating in highly prospective region
Operating in highly prospective region
Slide 9: Wishbone II, III, IV
Wishbone II, III, IV
Slide 10: White Mountains: closeology
White Mountains: closeology T e n e m e n t / Au Ag As Cu Fe Mn Sb V W Zn Location ppm ppm ppm ppm % Pp ppm ppm ppm ppm m WM- Jubilation 1.46 1.2 1 , 6 3 89 3.29 59 127 16 -10 26 5 WM- Clements 3.50 4.3 223 >10,00 29.7 66 12 58 110 351 0 WM- Diecon 0.02 0.6 15 197 17.2 30 3 84 -10 39 2 WM- Diecon 0.
Slide 11: Precious Metals International Black Sand FZE
Precious Metals International Black Sand FZE
Slide 12: Black Sand FZE
Black Sand FZE • A new company licensed as a precious metals and gem trader in the UAE • Successor business to Multinational Commodities FZE • Margins on trades of 3-8% on gold landed CIF Dubai • Secure supply chain from mine to $ in the bank
Slide 13: Current Sourcing from South America
Current Sourcing from South America • Major source of world gold • Stable developed governments • Less corruption than some other gold producing regions • Banks oriented to international trade • Security firms cover the region for shipment to Dubai
Slide 14: All Suppliers subject to Extensive DD
All Suppliers subject to Extensive DD • Suppliers vetted with respective embassies • Trading and supply authorisation checked with government and trade commissions • Supply contracts setting out precise terms of trade and quantities • No middlemen
Slide 15: Trading Structure: Gold Doré
Trading Structure: Gold Doré • Standard form supply contract • Letter of credit to supplier as security – Can only be drawn if Black Sand fails to pay – Strict requirements for drawing • Gold doré shipped CIF by mine via secure insured courier (G4S, Brinks) direct to nominated refinery • Assay under
Slide 16: Secure Insured Supply Chain
Secure Insured Supply Chain • Controlled from origin to destination • Only use refineries with DGD • Same day turn around on assay • 24-48 hours mine to refinery • All shipments CIF • G4S favoured courier
Slide 17: UAE Ideal Trading Base
UAE Ideal Trading Base • High liquidity of gold in market – 2013: 40% of physical gold traded in the world passed through Dubai • No company or personal tax • Trading window ideally situated between markets • Easy operational environment • Politically stable • No import/export tax on gold/silver
Slide 18: Wishbone Update
Wishbone Update • Wishbone raising debt • Coupon 8% • Funding is to support Letters of Credit which will be turned over 2-4 times per month • Watch this space
Slide 19: The Gold Market: Back to the Future
The Gold Market Back to the Future
Slide 20: Gold Price History: The Brown Bottom
Gold Price History The Brown Bottom
Slide 21: World's largest buyers of gold
World’s largest buyers of gold • China • India • Russia
Slide 22: This time it will be different
This time it will be different
Slide 23: China has changed the game
China has changed the game •New financial institutions arising - New Development Bank: $200 billion - AIIB: $100 billion - Silk Road Fund - SWIFT competitor: China International Payment Network • Everyone joined the AIIB - 57 nations as Founder Members
Slide 24: China is Moving In on the World Economy
China is Moving In on the World Economy • April 2016 China introduces Yuan gold price fix • Twice daily “fix” in Shanghai modelled on London • Relentless replacement of the US Dollar
Slide 25: Cracks in the system?
Cracks in the system? • January 2013 - Germany announces repatriation of 300 tonnes of gold from USA….. US says it will take until 2020 • January 2014 - only five tonnes has been sent • April 2014 - Deutsche Bank quits London gold fix
Slide 26: Gold Shortage in the West
Gold Shortage in the West • Most of the Western central banks have sold their gold holdings • This has moved to India, Russia and of course China • The new world order may well include a return to non-fiat currencies • Ignore precious metals at your peril
Slide 27: Thank You
Thank You • Twitter: @WishboneGoldplc • Website: www.wishbonegold.com • Linkedin: www.linkedin.com/company/wishbone-gold-plc