Tanami Gold Nl · ASX:TAM
Tanami Gold Nl — Shareholder Meeting (November 2011)
35 slides from Tanami Gold Nl's shareholder meeting presentation, Nov 29, 2011
Slide 1: Production, Performance, Profit…
For personal use only ASX:TAM Production, Performance, Profit… Building a 200,000oz per annum Australian mid tier gold producer AGM November 2011
Slide 2: Company Summary
Company Summary Gold production for FY2010-11 40,000 ozs [FY 2009-10 48,000 ozs] For personal use only Share price increased by 12.5% [84cps at 25 Nov 2010 to 94.5cps at 28 Nov 2011 ] Overcome challenges with floods, bushfire and their impact on operations Central Tanami Feasibility Study ne
Slide 3: Corporate
Corporate ASX Code: TAM Value For personal use only Shares on Issue1 261.0 million Range (12 month) A$0.76 – A$1.17 Market Cap (A$1.00) 2 A$261.0 million Cash and cash equivalents3 A$5.3 million Debt3 A$30.7 million Enterprise Value A$286 million Interest in ABM Resources NL4 A$56.6 million Accumula
Slide 4: Tanami Gold NL - Key Assets
For personal use only Tanami Gold NL - Key Assets The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 4
Slide 5: Tanami – A Compelling Investment Opportunity
Tanami – A Compelling Investment Opportunity Quality High Grade Gold Resources Total Resources – 26.1Mt @ 3.1g/t for 2.6Mozs1 For personal use only Total Reserves – 2.8Mt @ 3.9g/t for 0.35Mozs [LG stockpiles 0.05Mozs]2 Existing Production from Western Tanami Operation Open pit and underground
Slide 6: Tanami Gold - Project Snapshots
Tanami Gold - Project Snapshots Western Tanami Operations (100%) Central Tanami Project (100%) For personal use only Resources1 3,104,000t @ 5.4g/t for 538,000oz 21,277,000t @ 3.0g/t for 2,031,000oz Resource Class1 Approx. 55% Measured and Indicated Approx. 70% Measured and Indicated Reserves 31/3/1
Slide 7: Western Tanami – Coyote & Bald Hill
For personal use only Western Tanami – Coyote & Bald Hill Coyote Operations Coyote operations the centre of activity for the Western Tanami tenements Coyote – high grade underground operations commissioned late 2007 Surface ROM stockpile as at 30 Sept’11 – 17,000 ounces1 Coyote underground R
Slide 8: Western Tanami - Bald Hill Operations
For personal use only Western Tanami - Bald Hill Operations Bald Hill Operations Host rocks equivalent to Dead Bullock Formation Mining recommenced in late Nov’10 from 2 open pits: 1. Sandpiper 2. Kookaburra Expected completion Dec’11 Underground potential at both Kookaburra and Sandpiper
Slide 9: Western Tanami Exploration Potential
For personal use only Western Tanami Exploration Potential Multiple prospects to test, all within trucking distance of the Coyote treatment plant 2011-12 exploration budget $3-5M Model – single plant with feed from multiple ore sources The Tanami Trio – Immediate cash flow, substantial product
Slide 10: Central Tanami - Key Growth Driver
For personal use only Central Tanami - Key Growth Driver The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 10
Slide 11: Central Tanami Acquisition – March 2010
Central Tanami Acquisition – March 2010 Acquired from Newmont in March 2010 for $22M. * For personal use only ~ 2.1Moz historic production 0.5Mozs JORC Resource (2010) 1.2Mtpa treatment plant Extensive infrastructure [power, water, etc] ~ 2,000 km2 exploration package *The resource of >0.5
Slide 12: Central Tanami – Plant & Infrastructure In Place
Central Tanami – Plant & Infrastructure In Place For personal use only Central Tanami Plant 90km to the east of the Western Tanami operations 1.2Mtpa treatment plant ceased operations in 2005 after Newmont downsize Feasibility study to refurbish and increase throughput to 1.5Mtpa – due for Q4
Slide 13: Central Tanami Project – Under Explored!
For personal use only Central Tanami Project – Under Explored! 43 historic open pits Historic production of >2 million oz Average depth of pits ~100m Majority drilling ONLY to ~150m 13 pits tested to date – results prove a fertile system 64km of contiguous mining & exploration license co
Slide 14: Central Tanami Schematic Long Section
For personal use only Central Tanami Schematic Long Section The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 14
Slide 15: Central Tanami Schematic Long Section
For personal use only Central Tanami Schematic Long Section The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 15
Slide 16: Groundrush Open Pit – ML 22934
For personal use only Groundrush Open Pit – ML 22934 The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 16
Slide 17: Groundrush - Minimal Historic Deep Drilling
For personal use only Groundrush - Minimal Historic Deep Drilling The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential
Slide 18: Groundrush - Resource Growth April 2011
For personal use only Groundrush - Resource Growth April 2011 The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential
Slide 19: Groundrush - Resource Growth Sept 2011
For personal use only Groundrush - Resource Growth Sept 2011 The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential
Slide 20: Groundrush Resource Growth – Sept 2011
For personal use only Groundrush Resource Growth – Sept 2011 The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential
Slide 21: Groundrush Proposed Mine Plan
For personal use only Groundrush Proposed Mine Plan The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential
Slide 22: Exploration Potential of Groundrush Dolerite
For personal use only Exploration Potential of Groundrush Dolerite ML 22934 – Ripcord examination and study suggest a Groundrush look-a-like..near term drill target. The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 22
Slide 23: Central Tanami Exploration Potential
For personal use only Central Tanami Exploration Potential Over 100kms of highly prospective “trend” to test [to date mostly shallow <50 metre drilling] All clearances in place to commence drilling on the exploration licences [Central Tanami exploration budget 2011-12 $10M] Priority prospects
Slide 24: Tanami Gold NL - Development Schedule
For personal use only Tanami Gold NL - Development Schedule Completed Completed Completed Nearing Completion The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 24
Slide 25: Resource Growth Since 2009
For personal use only Resource Growth Since 2009 The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 25
Slide 26: Company Highlights
Company Highlights We have a Company changing asset with the Groundrush Deposit For personal use only Targeting CT production - 130,000 to 150,000ozpa Strong platform for growth - 2.6Moz Resource1 and 0.4Moz Reserve2 Groundrush deposit - developing into company making asset - 0.5Moz Resource
Slide 27: Any Questions?
For personal use only ASX:TAM ANY QUESTIONS? Production, Performance, Potential… Building a 200,000oz per annum Australian mid tier gold producer The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential November 2011
Slide 28: Disclaimer & Competent Person’s Statement
Disclaimer & Competent Person’s Statement Disclaimer & Forward-Looking Statements For personal use only Certain statements contained in this presentation, including information as to the future financial or operating performance of Tanami Gold NL and its projects, are forward-looking statements. S
Slide 29: Total Tanami Gold NL Ore Reserves as at March 2011
Total Tanami Gold NL Ore Reserves as at 31 March 2011 Reserve Category For personal use only Project Proven Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces WT 84,100 10.5 28,500 692,600 4.7 104,400 776,700 5.3 132,900 CT 355,000 5.5 62,400 1,689,000 2.9 159,000 2,044,000 3
Slide 30: Central Tanami Project Ore Reserves as at March 2011
Central Tanami Project Ore Reserves as at 31 March 2011 Reserve Category For personal use only Mineral Lease Proven Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces MLS153 - - - 363,100 2.4 27,500 363,100 2.4 27,500 MLS167 355,000 5.5 62,400 120,500 5.4 21,100 475,500 5.5 8
Slide 31: Western Tanami Project Mineral Reserves as at March 2011
Western Tanami Project Mineral Reserves as at 31 March 2011 For personal use only Reserve Category Deposit Proven Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Coyote 84,100 10.5 28,500 231,600 8.4 62,400 315,700 9.0 90,900 Sandpiper - - - 53,000 3.0 5,000 53,000 3.0 5,0
Slide 32: Tanami Gold NL Mineral Resources as at September 2011
Tanami Gold NL Mineral Resources as at 30 September 2011 Resource Category For personal use only Project Measured Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces WT 497,000 5.5 88,000 1,214,000 6.5 255,000 1,393,000 4.3 194,000 3,104,000 5.4 5
Slide 33: Central Tanami Project Mineral Resources by tenement
Central Tanami Project Mineral Resources by tenement as at 30 September 2011 Resource Category Mineral Measured Indicated Inferred Total For personal use only Lease Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces MLS153 1,051,000 2.2 73,000 3,046,000 2.2 217,000 849,0
Slide 34: Western Tanami Project Mineral Resources as at September 2011
Western Tanami Project Mineral Resources as at 30 September 2011 Resource Category For personal use only Measured Indicated Inferred Total Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Coyote * 78,000 25.6 64,000 473,000 11.5 174,000 329,000 7.0 74,000 880,0
Slide 35: Tanami Gold NL Mineral Resources as at March 2011
Tanami Gold NL Mineral Resources as at 31 March 2011 Resource Category For personal use only Measured Indicated Inferred Total Project Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces WT 260,000 9.5 79,700 1,478,000 5.9 281,000 1,380,000 4.4 194,000 3,119,000 5.5 554,7