Westgold Resources Ltd · ASX:WGX
Westgold Resources — AGES Conference, Alice Springs NT 2008
16 slides from Westgold Resources's conference presentation, Mar 19, 2008
Slide 1: The Rover Field, Northern Territory – AGES Conference, Alice Springs NT
THE ROVER FIELD, NORTHERN TERRITORY AGES Conference, Alice Springs NT ANDY BECKWITH (MANAGING DIRECTOR) 19 MARCH 2008 www.westgold.com.au
Slide 2: Company Strategy
Company Strategy ‐ Focused and successful exploration ‐ Highly prospective regions ‐ Targeting robust multi‐commodity resources ‐ Delivering high value mines •Dedicated Northern Territory explorer having success •Rover Project -100km SW Tennant Creek •Gold, Copper, Cobalt, Zinc, Lead, Silver **Maide
Slide 3: Rover Project - Overview
Rover Project ‐ Overview • Acquired by Westgold in 2006 (funding since 2005) • Large strategic exploration landholding • Western extension of prolific Tennant Creek Mineral Field (TCMF) • Discovered in mid 1970’s but • Exploration access halted early 1980’s • Drilling and exploring after 25 year hia
Slide 4: Strategic Landholding
New Geological Interpretation Tennant Creek Tennant Creek Production Mineral Field 5Moz Au, 0.5Mt Cu A‘ Rover Field (undercover) Prospective Prospective Lithology Lithology Explorer 108 Explorer 142 Rover 1 A Westgold Applications Westgold Granted Tennant Creek Nobles Rover 1 Peko Warrego A Nob A‘ T
Slide 5: Strong Pipeline of Targets
Explorer 108 Zn-Pb-Ag Resource Explorer 142 Cu-Au-Co-Bi Rover 1 Au-Cu-Co-Bi Drilling Future Targets Strong Pipeline of Targets
Slide 6: Explorer 108 - Total Inferred Resource Estimate
Explorer 108 ‐ Total Inferred Resource Estimate 8.7Mt @ 3.7% Zn, 2.0% Pb, 20g/t Ag Contained metal Zinc 320,000 tonnes Lead 171,000 tonnes Silver 5.6 Moz Estimated at 2.5% Pb+Zn lower cut-off Class Tonnes Pb+Zn Pb Zn Au Ag Cu Pb Metal Zn Metal Au Ag units T % % % g/t g/t % T T Oz Oz Measured Indicat
Slide 7: Explorer 108 - Higher Grade Core
Explorer 108 ‐ Higher Grade Core 4.0Mt @ 5.4% Zn, 2.8% Pb, 25g/t Ag Contained metal Zinc 213,600 tonnes Lead 112,000 tonnes Silver 3.1 Moz Estimated at 5.0% Pb+Zn lower cut-off Class Tonnes Pb+Zn Pb Zn Au Ag Cu Pb Metal Zn Metal Au Ag units T % % % g/t g/t % T T Oz Oz Measured Indicated Inferred 3,9
Slide 8: Explorer 108 - Domains
Explorer 108 ‐ Domains Basal High Grade Domain 3.07Mt @ 8.3% Pb+Zn (2.5% cutoff) Precollars only, 2.82Mt @ 8.6% Pb+Zn (5.0% cutoff) mineralisation remains open High Grade Domains Dolomite Zone 6 0.46Mt @ 6.8% Pb+Zn (2.5% cutoff) 0.29Mt @ 8.8% Pb+Zn (5.0% cutoff) Paris Shear High Grade Zones High Str
Slide 9: Explorer 108
Explorer 108 •Major regional fold hinge All values Zn+Pb% •Sub‐vertical feeder structures •High grade Dolomite ‐ Volcanic contact •Best mineralisation on eastern limb ¾46m at 11.1% Zn + Pb + 53g/t Ag •Mineralisation open 57m/4.5% including 6m/11%, •Coarse grained – good recovery? 7m/8.5% 81m/3.2% in
Slide 10: Strong Pipeline of Targets
Explorer 108 Zn-Pb-Ag Resource Explorer 142 Cu-Au-Co-Bi Rover 1 Au-Cu-Co-Bi Drilling Future Targets Strong Pipeline of Targets
Slide 11: Gold - Copper Prospectivity
Gold ‐ Copper Prospectivity TENNANT CREEK Au Producers Tennant Creek Au‐Cu Mines •Warrego* - 1.6Moz at 7g/t DEPTH BELOW NOBLES PEKO WHITE DEVIL WARREGO including - 1.0Moz at 16g/t SURFACE 0m NOB •Nobles Nob - 1.1Moz at 17g/t $1.5B $1.0B $2.7B •Juno - 0.8Moz at 56g/t $0.8B -200m •White Devil - 0.8Moz
Slide 12: Rover 1 Comparison to Warrego
Rover 1 Comparison to Warrego TENNANT CREEK Tennant Creek Au‐Cu Mines ROVER ROVERPROJECT 1 DEPTH BELOW NOBLES PEKO WHITE DEVIL WARREGO SURFACE NOB 0m Drill rig on site Cover sequence $1.5B $1.0B $2.7B Intense mag+gravity $0.8B -200m 700m long mag anom Never $1.0B tested 700m deep (model) ~350 Vm 80m
Slide 13: Rover 1 Plan View Au-Cu-Co-Bi
Rover 1 Plan View Au‐Cu‐Co‐Bi Adelaide Resources Tenement Boundary Westgold Resources WGR •Historical high grade (100%) •Sub-vertical to south dipping •80-100m thick •700m long WGR (100%) (Anglo Clawback) •Up dip potential never tested 1st Results expected April 2008
Slide 14: Summary: 2008 Pivotal Year for Exploration
Summary: 2008 Pivotal Year for Exploration 1st Half 2008 • Maiden resource Explorer 108 (Zn‐Pb‐Ag) • Confirm and extend high grade Au‐Cu “up dip” and “along strike” at Rover 1 • Acquire detailed geophysical data over ~10 new targets • Undertake preliminary economic scoping studies Explorer 108 2nd H
Slide 15: Capital Overview, Directors, Major Shareholders
Capital Overview Directors ASX Listed WGR Michael Atkins Non Executive Chairman Shares on issue 113.9M Andy Beckwith Managing Director Options (Dir & staff) 3.1M Peter Cook Non Executive Market Cap ($0.25) $28.5M Mark Okeby Non Executive Cash * $2.5M Andrew Chapman Company Secretary/CFO Major Shareh
Slide 16: Disclaimer
Disclaimer This presentation has been prepared by Westgold Resources Limited (“Westgold” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase of any securities in the Company or as an inducement to make an offer or invitation with respect to those sec
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