Bezant Resources Plc · LSE:BZT
Bezant Resources — Investor Presentation (2011)
21 slides from Bezant Resources's investor presentation, 2011
Slide 1: World Class Copper and Gold: Philippines and Argentina
1.4 million tonnes of Copper 3.9 million ounces of Gold (JORC Compliant Total Mining Inventory) World Class Copper and Gold Philippines and Argentina (AIM : BZT)
Slide 2: Bezant Projects Summary 2011
Bezant Projects Summary 2011 Mankayan Deposit (Philippines) • JORC Compliant Total Mining Inventory in the order of 400 million tonnes (Mt) at average grading of 0.38% for copper and 0.42 g/t. for gold, resulting in approximately 1.4 million tonnes of copper and 3.9 million ounces of gold • JORC Ore
Slide 3: Board: Executive Exploration / Corporate Expertise
Board: Executive Exploration / Corporate Expertise • Executive Chairman – Gerry Nealon Chartered Chemist holding the degrees of B.Sc. (Hons) in Biochemistry and M.Sc. in Forensic Science. Gerry has over 25 years experience in the areas of forensic science, quality systems, risk management, research
Slide 4: Mankayan / Guinaoang Project: Philippines
Mankayan / Guinaoang Project: Philippines Proximity and Infrastructure: • 260km to Manila • Adjacent to Lepanto Consolidated Mining Company (processing on average 1000 tonnes per day @ 2.81g/t Au) In production since the mid 1930’s • 3km from Far South East deposit •150km established road access to
Slide 5: Mankayan – Historic Drilling
Mankayan – Historic Drilling Mankayan Project Geologic Map: Resource estimation data:
Slide 6: Mankayan – Drilling Programme and Resource Model
Mankayan – Drilling Programme and Resource Model • Indicated – 221.6 million tonnes • Inferred – 36.2 million tonnes Grading 0.49% Copper & 0.52 g/t Gold
Slide 7: Total Mineable Inventory
Total Mineable Inventory Mining Plus: JORC Compliant Mineable Inventory (as at January 2011) JORC Million Tonnes Copper (Cu) Gold (Au) Contained Copper Contained Gold Resources (Mt) % g/t. Tonnes Ounces category (Million) (Million) Mineable 400 0.38 0.42 1.40 3.9 Inventory Snowden: JORC Compliant up
Slide 8: Metallurgical Testwork at AMMTEC Laboratories
Metallurgical Testwork at AMMTEC Laboratories TESTWORK CONDUCTED Prefeasibility study testwork by independent laboratory to determine: • The response of the ore to concentration by froth flotation • Metals recoveries and concentrate grades achievable • Concentrate quality in terms of impurity elemen
Slide 9: Mankayan Scoping Study (released January 2011)
Mankayan Scoping Study (released January 2011) • At current metals prices (US$4.30 per pound of copper and US$1,370 per ounce of gold), the project returns an estimated: ◦ pre-tax NPV of approximately US$1.51 billion at a 7.75% discount rate ◦ pre-tax net cashflow of approximately US$10.56 billion •
Slide 10: Mankayan Block Cave Mine Design
Mankayan Block Cave Mine Design Longitudinal Section Plan View Base of Lift 1
Slide 11: Sto. Thomas II Mine: Comparative Case Study
Sto. Thomas II Mine: Comparative Case Study Sto. Thomas II Mine Mankayan Average Grades 0.23 % Cu 0.49 % Cu 0.56 g/t Au 0.52 g/t Au Resource & Reserve 156 Mt & 69.2 Mt 221.6 Mt & 189 Mt Annual Tonnes Mined and Milled 8.2 Mt - Total Annual Mining and Milling costs 98,486,253 USD - Mining and Milling
Slide 12: Mankayan Locality
Mankayan Locality A Lepanto (Cu-Au-As lodes) B Far Southeast porphyry C Mankayan porphyry
Slide 13: Mankayan: Cross Section with FSE (Lepanto)
Mankayan: Cross Section with FSE (Lepanto) Measured Resource Indicated Resource 0.7% Cu Cut Off 0.4% Cu Cut Off 657 million tonnes 221 million tonnes 0.65% Cu & 0.9g/t. Au 0.49% Cu & 0.52 g/t. Au
Slide 14: Eureka Project: Argentina
Eureka Project: Argentina Proximity and Infrastructure: • 230 km north of Provincial Capital, San Salvador de Jujuy • 60km from National Road 9 between Jujuy and Bolivia • 60km gravel road from national road • National Grid electricity line approx. 6km from Eureka mine • Water available from Bermejo
Slide 15: Eureka Project: Mining & Exploration Licences
Eureka Project: Mining & Exploration Licences Tenement Details: • 11 Tenements: • Eureka Mine • Eureka II • Eureka South • Gino I & II • Mason I & II • Julio I & II • Paul I & II • Over 5,500 ha in total • Combination of Mining Rights and Prospecting rights • Claims are situated within gently rollin
Slide 16: Eureka Project: Geology & Mineralisation
Eureka Project: Geology & Mineralisation Regional Geology • Project located within 20km x 6km deposition basin located on Ordovician basement • Copper bearing fluids migrate into the unconsolidated middle to upper Miocene Eureka Formation sediments Local Mine Geology and Mineralisation • Red Bed typ
Slide 17: Eureka Project: Mineralisation Model
Eureka Project: Mineralisation Model
Slide 18: Eureka Project: Copper Oxide
Eureka Project: Copper Oxide Eureka project with Red Bed style mineralisation appears similar to Mantos Blancos deposit in Chile, which contained 500Mt @ 1% Cu
Slide 19: Eureka Project: History and Potential
Eureka Project: History and Potential Project History • Dates back to the 16th and 17th Centuries • Alluvial gold recovered by Jesuits from shallow surface pits and underground workings • Approx. 9,000 ounces of gold at 4 g/t were recovered • Estimated 2,000 tonnes of copper were extracted Project P
Slide 20: Eureka Project: Acquisition Costs & Work Programme
Eureka Project: Acquisition Costs & Work Programme Acquisition Costs – staged payments to December 2012 US$3.9m Phase 1 Exploration: • Appoint senior exploration and support staff – review existing data • Pit and trench sampling plus geochemical and stream sediment prospecting • Geophysical – magnet
Slide 21: Disclaimer
Disclaimer IMPORTANT NOTICE This presentation (the “Presentation”) has been prepared by the Directors of Bezant Resources plc (the “Company”) and is being provided upon request to a limited number of persons who may be interested in investing in the Company. The content of this Presentation has not