Kodal Minerals Plc · LSE:KOD
Kodal Minerals — Investor Presentation (July 2016)
30 slides from Kodal Minerals's investor presentation, July 2016
Slide 1: Corporate Presentation July 2016
JULY 2016 C O R P O R AT E P R E S E N TAT I O N WEST AFRICAN G O L D E X P L O R AT I O N
Slide 2: Important Notice
IMPORTANT NOTICE This presentation has been prepared by Kodal Minerals plc (“Kodal Minerals” or the “Company”) and does not constitute an offer or invitation for the sale or purchase of any securities, nor does it, nor does it purport to, set out or refer to all or any of the information an investor
Slide 3: Kodal Snapshot
KODAL SNAPSHOT West Africa focused Excellent JV partners Significant exposure to a Joint venture agreements in prospective portfolio of gold place with major global gold exploration projects in Cote producing companies – d’Ivoire and Mali – a platform for significantly de-risks projects organic grow
Slide 4: The Model
THE MODEL Proven and effective low-cost development model that creates value Target prospective Geological mapping, Identify JV Partner - geological region - Prioritise areas for Negotiate farm-in Compare targets to geochemical mining & E&P Develop pipeline to identify areas with more detailed terms
Slide 5: Key Data
KEY DATA Share Shares 52 Week Ticker Market Cap Broker Nomad Price in Issue Range Allenby KOD.L £1.38m 0.037p 3,774,854,849 0.23-0.03p SP Angel Capital 1 Year Share Price Graph Key Shareholde r s 5.3 6.6 23.7 Pelamis & D Steinepreis Tetra Minerals Directors C O R P O R AT E P R E S E N TAT I O N | J
Slide 6: Board of Directors
BOARD OF DIRECTORS Bernard Aylward – Chief Executive Officer Geologist and Manager who has over 20 years experience across West Africa, Australia and Europe. Bernard has relevant extensive experience in West Africa project acquisition, exploration and development. He was a founding Director of ASX l
Slide 7: West African Project Locations
WEST AFRICAN PROJECT LOCATIONS KODAL’S WEST AFRICAN PORTFOLIO WEST AFRICA – HOST TO SIGNIFICANT GOLD MINES: MALI • AHAFO – GHANA, OPERATED BY NEWMONT MINING CORP. • TONGON – COTE D’IVOIRE, OPERATED BY RANDGOLD RESOURCES LIMITED • S YA M A – M A L I , OPERATED BY RESOLUTE MINING LIMITED COTE • LOULO
Slide 8: West African Opportunity
WEST AFRICAN OPPORTUNITY • Africa has high discovery rate per exploration dollar invested West African • Projects located in proven gold mineralised districts with highly prospective Birimian geology Greenstone Excellent locations with access to infrastructure and cost efficient exploration • sequen
Slide 9: Portfolio
PORTFOLIO KODAL JOINT VENTURE PIPELINE PROJECTS PROJECTS PROJECTS NIELLE ADDITIONAL NANGALASSO Gold in Mali Gold in Cote WEST AFRICAN d’Ivoire OPPORTUNITIES KORHOGO TIEBISSOU To t a l s p e n d GRIMELI Gold in Cote Gold in Cote Copper-Zinc in d’Ivoire d’Ivoire commitments Norway of US$4.7 million on
Slide 10: Mali Projects – Nangalasso
MALI PROJECTS – NANGALASSO • Concessions held under option agreements Tw o l i c e n c e a re a s l o c a t e d i n a • Reconnaissance drilling returned 3m at highly-mineralised district and 7.12g/t gold within 21m at 1.25g/t gold, j u s t 3 0 k m f r o m R e s o l u t e ’s S y a m a 1m at 7.8g/t go
Slide 11: Cote d'Ivoire Projects – Wholly Owned
COTE D’IVOIRE PROJECTS – WHOLLY OWNED • Additional wholly owned projects in central and northern Cote d’Ivoire Located in gold mineralised belts, with early stage • Korhogo • First pass geochemical sampling exploration returning gold completed anomalism • Additional geochemical sampling planned in 2
Slide 12: Mali Projects – SLAM
MALI PROJECTS – SLAM Rights to two licences areas, Kambali and Djelibani, acquired from Newmont Mining Corp. • Licence areas held under option agreements • Extensive artisanal workings highlight near surface gold mineralisation • Located in “Siguiri Basin” sequence, host to extensive gold mineralisa
Slide 13: Cote d'Ivoire Projects – Resolute Joint Venture
COTE D’IVOIRE PROJECTS – RESOLUTE JOINT VENTURE • Agreement signed February 2015 • Following completion of earn-in phase (to Feb 2019), Kodal will have continued 25% interest in projects with a free carry through to completion of Expenditure commitment of US$3.0 feasibility studies million by Resolu
Slide 14: Cote d'Ivoire Projects – Newcrest Farm-in
COTE D’IVOIRE PROJECTS – NEWCREST FARM-IN • Agreement signed December 2015 • Newcrest confirmed anomalous gold trends Expenditure of US$1.7 million by through regional stream sediment, rock chip and Newcrest laterite sampling programme as part of its project review • Major exploration campaign plann
Slide 15: Norwegian Projects
NORWEGIAN PROJECTS • The Grimeli Project is a copper-zinc exploration project 150km north of Bergen Kodal Minerals has two l i c e n c e g ro u p s i n N o r w a y, • The Grimeli Project licences cover three historic copper mines the Grimeli Project in the west and the Kodal Project • The Kodal Proj
Slide 16: Active Newsflow
ACTIVE NEWSFLOW RESULTS FROM RESULTS FROM NANGALASSO NEWCREST JV TRENCHING WORK AIRCORE DRILLING RC DRILLING AT RESULTS FROM NANGALASSO NANGALASSO GEOCHEMISTRY GEOCHEMICAL RESULTS FROM SAMPLING AT COTE D’IVOIRE SLAM C O R P O R AT E P R E S E N TAT I O N | J U N E 2 0 1 6 | 16
Slide 17: Investment Case
INVESTMENT CASE Significant gold Both Mali & Cote Low cost Low cost exploration mines d’Ivoire host exploration & methods to highlight significant gold mines expansion potential value and significant and have supporting upside potential from infrastructure large strategic licence areas Clear Strateg
Slide 18: Contacts
JUNE 2016 CONTACTS KODAL MINERALS B E R N A R D AY L W A R D T: +61 418 943 345 E: bernard@kodalminerals.com L U K E B R YA N T: 020 3470 0470 E: luke@kodalminerals.com SP ANGEL R I C H A R D PA R LO N S / E L I Z A B E T H J O H N S O N T: 020 3470 0472 / 0471 E: richard.parlons @spangel.co.uk E: e
Slide 19: Appendix
aw KODAL APPENDIX MINERALS
Slide 20: Resolute Mining
RESOLUTE MINING • Resolute mining is a global gold producer, explorer and developer. The company is listed on ASX and has a market cap of AUD $368.91mn (c. £195mn). • The Company has 25 years of experience of gold production and has operated 9 gold mines across Australia and Africa, producing over 7
Slide 21: Resolute Mining
RESOLUTE MINING C O R P O R AT E P R E S E N TAT I O N | J U N E 2 0 1 6 | 21
Slide 22: Resolute Mining
RESOLUTE MINING C O R P O R AT E P R E S E N TAT I O N | J U N E 2 0 1 6 | 22
Slide 23: Cote d'Ivoire Projects – Resolute Joint Venture
COTE D’IVOIRE PROJECTS – RESOLUTE JOINT VENTURE • Agreement signed February 2015 Expenditure of US$3.0 million by Resolute to earn 75% interest in 3 licences – • Following completion of earn-in Tiebissou and Nielle exploration licences phase (to Feb 2019), Kodal will have and the M’Bahaikro licence
Slide 24: Newcrest Mining
NEWCREST MINING • Newcrest mining is the largest ASX-listed gold producer with a market capitalisation of AUD $13.30bn (c. £6.87bn). The Company is also listed on the Port Moresby Stock Exchange. • The Company is well-known for operating and owning a portfolio of low cost, long-life mines. Newcrest
Slide 25: Newcrest Mining
NEWCREST MINING C O R P O R AT E P R E S E N TAT I O N | J U N E 2 0 1 6 | 25
Slide 26: Newcrest Mining
NEWCREST MINING 2016 Production Guidance • FY2015 highlights: • Gold production: 2.42m oz (up 1% on FY2014) • Copper production: 96,816tn (up 12% on FY2014) • Group AISC: US$789 per oz (down 12% on FY2014) • Group AISC margin increased to US$447 per oz • Net debt reduction of AUD $174m (c. £92m) C O
Slide 27: Newcrest Mining
NEWCREST MINING C O R P O R AT E P R E S E N TAT I O N | J U N E 2 0 1 6 | 27
Slide 28: Cote d'Ivoire Projects – Newcrest Farm-in
COTE D’IVOIRE PROJECTS – NEWCREST FARM-IN Expenditure of US$1.7 • Agreement signed December 2015 million by Newcrest to earn 75% in Dabakala Project • Newcrest confirmed anomalous gold trends through regional stream sediment, rock chip and laterite sampling programme as part of its project review •
Slide 29: Concession Summary
CONCESSION SUMMARY Details of Licences Size Renew- NAME Holder Expiry Date Comment km2 able Cote d'Ivoire Korhogo IGS CIV SARL 360.6 07/01/2017 Y Dabakala IGS CIV SARL 394.5 07/01/2017 Y Newcrest JV Niele Corvette CIV SARL 388 11/03/2017 Y Resolute JV Tiebissou-Didievi Corvette CIV SARL 306.7 30/09/
Slide 30: Competent Persons' Statement
COMPETENT PERSONS’ STATEMENT The information in this presentation that relates to geological information and exploration results concerning the IGS assets is based on information compiled by Mr Bernard Aylward. Mr Aylward is the Managing Director of Taruga Gold Limited and is a full-time employee. M