West African Resources Ltd · ASX:WAF
West African Resources — Investor Presentation (August 2012)
24 slides from West African Resources's investor presentation, Aug 30, 2012
Slide 1: Building on Discoveries in Burkina Faso
For personal use only BUILDING ON DISCOVERIES IN BURKINA FASO Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
DISCLAIMER AND JORC NOTICE For personal use only This presentation has been prepared by West African Resources Limited (‘WAF’ or the ‘Company’). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or in
Slide 3: Investment Highlights
INVESTMENTHIGHLIGHTS For personal use only Largest 3km along strike Targeting ASX-listed from expanding maiden resource landholder in 5.2Moz deposit estimate in 2012 Burkina Faso, West Africa 30 contiguous Major permits covering 6,370km2 over Copper-Gold 200km strike of discovery in 2012 greenstone
Slide 4: Investment Highlights
INVESTMENTHIGHLIGHTS For personal use only Highly-skilled team, hands-on West African experience WAF-owned fleet of six rigs minimising exploration spend $4m cash to fund aggressive drilling campaign for 2012-2013
Slide 5: The Company Capital Structure & Board
THE COMPANY CAPITAL STRUCTURE & BOARD August 2012 For personal use only To t a l O r d i n a r y S h a r e s o n I s s u e ： 163.4M Board D i r e c t o r & M a n a g e m e n t O p t i o n s ： 38.6 M Francis Harper Chairman N u m b e r o f s h a r e h o l d e r s ： 1,040 Richard Hyde D i r e c t o r
Slide 6: Boulsa Project, Burkina Faso
BOULSA PROJECT For personal use only BURKINA FASO OUAGADOUGOU
Slide 7: Boulsa Project
For personal use only BOULSA PROJECT
Slide 8: Boulsa Project
BOULSA PROJECT Over 30 contiguous permits, 100% owned covering 6,370 km2 For personal use only 200km strike of greenstone belt Along strike from emerging 5.2Moz deposit Near-surface gold mineralisation in RAB & RC drilling High-grade gold mineralisation in deeper diamond core drilling Extensive gold
Slide 9: Sartenga Major Copper-Gold Discovery
SARTENGA Copper-Gold discovery Major For personal use only at 100%-owned Sartenga Prospect Shear-hosted Au-Cu-Mo mineralisation 6km x 3km gold auger anomaly Peak grades :- 1.1g/t Au, 0.8%Cu, 1,400ppm Mo in primary zone 4.8g/t Au and 1.9% Cu in supergene Sulphide intercepts - 45.5m at 1.1g/t Aueq* fr
Slide 10: Sartenga Drill Plan
For personal use only Sartenga Drill Plan
Slide 11: Sartenga Cross Section Line
For personal use only Sartenga Cross Section Line 3
Slide 12: Sartenga Long Section
For personal use only Sartenga Long Section
Slide 13: Birimian Copper-Gold Deposits
Gaoua (VTR.TSX) Burkina Faso 82Mt @ 0.49g/t Au, 0.40% Cu For personal use only Brisas (GRZ.TSXV), Venezuela 680Mt @ 0.67g/t Au, 0.12%Cu Las Cristinas (KRY.TSX), Venezuela 630Mt @ 1.03g/t Au, 0.10Cu Toroparu (SSP.TSXV) Guyana 420Mt @ 0.74 g/t Au, 0.06%Cu Image adapted from Hunter Bay Minerals TSXV:HB
Slide 14: Sartenga Major Gold-Copper Discovery
SARTENGA For personal use only Major Gold-Copper discovery Grades up to 1.1g/t Au, 0.8%Cu, 1,400ppm Mo in primary Grades up to 4.8g/t Au and 1.9% Cu in oxides Oxide intercepted over 1.2km, up to 250m width 3 holes ended in sulphide mineralisation to date, primary zone potentially >100m true width Dr
Slide 15: Moktedu Prospect
MOKTEDU PROSPECT For personal use only high-grade oxide mineralised zone from surface WAF discovery from first principles in 2011 10km target strike length, supported by coincident magnetic trend, WAF RAB and auger drilling, and historic soil sampling High-grade gold from surface and at depth over 5
Slide 16: Moktedu Prospect High-Grade Results
MOKTEDU PROSPECT For personal use only high-grade results from surface and at depth RC Drilling 6m at 8.36 g/t Au from surface, including 1m at 42.95g/t Au 3m at 7.64 g/t Au from 33m, including 1m at 20.93g/t Au 4m at 8.39 g/t Au from 4m Diamond Drilling 21m at 1.13 g/t Au from 121m, including 1m at
Slide 17: Moktedu
For personal use only MOKTEDU
Slide 18: Meguet Prospect
For personal use only MEGUET PROSPECT
Slide 19: Meguet Prospect RC & RAB Results
MEGUET PROSPECT RC & RAB RESULTS For personal use only 2009-10 RC Results 2011-12 RAB Results 7m at 2.32g/t Au from 4m 10m at 7.67 g/t Au from 0m, ended in mineralisation 8m at 2.52g/t Au from 37m 10m at 2.77 g/t Au from 0m, ended in mineralisation 20m at 0.95g/t Au from 0m 24m at 1.00 g/t Au from 0
Slide 20: For personal use only
+ = RCDrill Collar * Ended in Mineralisation 20m@0.54 git Au from 20m mmm +0.5 g/t Au Drill Intercept — sesduten === Interpreted Fault ~~~ Shear Zone | | Mafic Volcanics EJ Granodiorite 200 metres @1.69 ght Au from 8m af p_J 24m@2.42 gt Au from 16m! We ——1 8m@0.9g/t Au from 24m 12m@1.59 gft Au from
Slide 21: 2012-13 Field Season and Beyond
Badnogo 10km Strike, 309ppb Au For personal use only Sartenga Bissiri 1 & 2 5km Strike, 747ppb Au 4km Strike, 339ppb Au Auger-drilling 2012-2013 field season 5.2Moz Au Bomboré, Orezone Gold Corp. Meguet (South) Meguet 2012-13 - FIELD SEASON Sondo 1 & 2 10km Strike, 4,255ppb Au AND BEYOND… 4km Strike
Slide 22: Summary
SUMMARY For personal use only WAF- Highly- Largest owned fleet of skilled ASX-listed landholder in Burkina Faso six rigs, low-cost team, hands-on exploration West African experience
Slide 23: Summary
SUMMARY For personal use only First pass drilling Deep drilling of of40km of primary at new auger anomalies Sartenga High-grade Follow-up complete testing of auger anomaly at Moktedu including 20m at 5.27g/t Au from 8m Targeting maiden resource estimate in December 2012
Slide 24: West African Resources Ltd
WEST AFRICAN RESOURCES LTD www.westafricanresources.com ACN 121 539 375 For personal use only Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887 BUILDING ON DISCOVERIES IN BURKINA FASO
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