Bardoc Gold — Investor Presentation (March 2021)
25 slides from Bardoc Gold's investor presentation, March 2021
Slide 1: Australia's new long-life high-margin gold project
Ready for development ✓ DFS Complete Australia’s new long -life ✓ +3Moz Resource high-margin gold project in a Tier-1 location DFS Presentation – March 2021 ✓ +1Moz Mining Reserve ✓ Targeting 136kozpa production Robert Ryan | CEO ASX : BDC at AISC of ~A$1,188/oz BARDOC GOLD LIMITED
Slide 2: Disclaimer
Disclaimer This document and all other information (whether in writing or otherwise) which may be made available or part thereof does not: Contain all information that investors and their professional advisers would require to make an informed assessment of the following: ▪ a) assets and liabilities
Slide 3: Australia's Next Gold Producer
Australia’s Next Gold Producer ➢ +1Moz gold development project in a Tier-1 jurisdiction ▪ 250km2 tenement package just 40km north of Kalgoorlie ▪ 3.07Moz Resource, 1Moz Reserve ➢ Targeting 136koz pa of high-grade, high-margin production ▪ Nominal 2.1Mtpa gold processing & flotation plant ▪ LOM AISC
Slide 4: Corporate Summary
Corporate Summary CAPITAL STRUCTURE SHAREHOLDER SNAPSHOT Shares M 1,735 Institutions 14% Options M 9 Performance Rights M 47 Board 10% Share price (26th March 2021) A$ $0.072 Market Capitalisation A$ $125m Cash Balance (29th March 2021) A$ $17.9m Top 50 Shareholders 47.2% Other 75% SHARE PRICE BOARD
Slide 5: Experienced Team, Ready to Deliver
Experienced Team, Ready to Deliver Executive Team Management Team Mr Ryan is a mining engineer with in- Mr Toms is a geologist with depth knowledge of the Kalgoorlie over 30 years of exploration Robert Ryan after having worked and lived in the Bradley Toms experience which includes CEO region for ov
Slide 6: One of the World's Best Mining Addresses
One of the World’s Best Mining Addresses ◼ Located 40km north of Kalgoorlie ◼ Close to road, rail and power infrastructure ◼ Residential workforce ◼ Mining-friendly community Bardoc Gold is ideally placed to capitalise on its unique location just north of one of the world’s great mining centres. 6
Slide 7: Strategic Consolidation of North Kalgoorlie Region
Strategic Consolidation of North Kalgoorlie Region ✓ Much-needed consolidation of tenement areas to facilitate effective exploration and development ✓ Aphrodite deposit acquired via merger with Aphrodite 25.5Mt @ 2.0g/t for 1.66Moz Gold in 2017 ✓ Excelsior and Zoroastrian acquired via merger with Ex
Slide 8: Key DFS Results
Key DFS Results Project Economics & Sensitivity ◼ Long-life operation – 8 year production life ◼ Average annual free cash-flow post-construction A$113M pa Pre-tax Unit A$2,250/oz A$2,100/oz ◼ Low-cost of production with AISC of A$1,188/oz Project Cashflow A$M 740 586 ◼ Production rate of 2.2Mtpa NPV
Slide 9: DFS Contributors
DFS Contributors ◼ Bardoc has built a dedicated and experienced team to lead the DFS and take the project into construction ◼ A number of industry experts were employed across varying stages of the DFS to assist, including; SMJ Engineering WestAuz Mining Mine Design & Scheduling Galt Mining Services
Slide 10: Open Pit Mining
Open Pit Mining ◼ OP Reserve increased by 34% to PROBABLE TOTAL Tonnes Grade Gold Tonnes Grade Gold 564oz PROJECT (kt) (g/t) (koz) (kt) (g/t) (koz) ◼ Significant additions to Zoroastrian and Excelsior OP 5,690 1.1 203 5,690 1.1 203 Excelsior Reserves Zoroastrian OP 1058 1.9 65 1,058 1.9 65 Bulletin
Slide 11: Underground Mining
Underground Mining ◼ Simple long-hole open stoping techniques ◼ Twin-boom development ◼ Steeply dipping ore-bodies ◼ Multi-lode systems, open at depth and down plunge Criteria APHRODITE ZOROASTRIAN LATERAL DEVELOPMENT Decline Level 5.3mW x 5.4mH Level 5.3mW x 5.4mH Access Level 5.0mW x 5.0mH Level 5
Slide 12: Underground Mining
Underground Mining ◼ UG Reserve increased by 19% to 442koz PROBABLE TOTAL ◼ Steady state underground production PROJECT Tonnes Grade Gold Tonnes Grade Gold (kt) (g/t) (koz) (kt) (g/t) (koz) Zoroastrian ~60koz pa Zoroastrian UG 839 3.6 98 839 3.6 98 Aphrodite ~110koz pa Aphrodite UG 3,139 3.4 344
Slide 13: Processing Flowsheet
Processing Flowsheet ➢ Conventional CIL and flotation plant ➢ Stage 1: ➢ Stage 2: o Primary Jaw o Flotation tanks o SAG and Ball Mill comminution circuit o Concentrate dewatering circuit o CIL tanks, Elution circuit and gold room 13
Slide 14: Gold Concentrate
Gold Concentrate ➢ Binding Offtake Agreement with MRI Trading AG o ~54% of Bardoc’s LOM production will be sold as gold concentrate: o First concentrate production year 3 ➢ Why undertake offtake? ✓ Lowers capex; ✓ Lessens processing risk; and ✓ Refractory ore from Aphrodite not large enough for a st
Slide 15: Building a Sustainable Business
Building a Sustainable Business Concentrate ◼ Maiden ESG Report due Q2 2021 CORPORATE GOVERNANCE ◼ Significant focus on residential workforce Communication - commitment to transparent and respective engagement ◼ Strong relationships with local stakeholders Ethical Business Practice - upholding lawfu
Slide 16: Exploration – A Deep Pipeline of Opportunity
Exploration – A Deep Pipeline of Opportunity ◼ Exploration focused on building geological Aphrodite OP & UG knowledge of the broader region to target Zoroastrian OP & UG areas with the potential for large resources ◼ Sigma Lode highlighting depth extensions with Excelsior Bulletin open pit and under
Slide 17: Project Development Timeline
Project Development Timeline 2021 2022 March June September December March June September December Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 DEFINITIVE FEASIBILITY STUDY Final Report P ENVIRONMENTAL PERMITTING Clearing Permits P Mining Proposal Submitted EPA Self- Assessment FINANCING Lender Engagement Due Dilige
Slide 18: Bardoc – A Top-25 Australian Gold Mine
Bardoc – A Top-25 Australian Gold Mine At an annualised production rate of 136koz per annum, the Bardoc Gold Project will become one of the highest ounce producing projects in Australia 665 673 12-month gold production of Australian gold Annual Production (koz) mines and forecast production of devel
Slide 19: Summary – Key Reasons To Invest
Summary – Key Reasons To Invest TIER-1 MINING JURISDICTION Strategic 250km2 (and growing) land-holding ~40km north of Kalgoorlie ROBUST DFS Low cost per ounce operation, targeting commencement of mining in Q4 2021 LARGE AND GROWING RESOURCE BASE +3Moz Resource with three cornerstone deposits – Aphro
Slide 20: Appendices
aN BARDOC Gold Limited Appendices
Slide 21: Appendix A: Resource Table
Appendix A: Resource Table 21
Slide 22: Building a High-Quality Resource Base
Building a High-Quality Resource Base ◼ Strategic M&A to consolidate prolific gold belt ◼ 877koz added through exploration since 2018 877 koz ◼ Quality of Resource has increased since 2018 merger with ~500koz added to Indicated Resource 824 koz ◼ Resource growth and confidence increase at just $20/o
Slide 23: Appendix B: Reserve Table
Appendix B: Reserve Table PROBABLE TOTAL PROJECT Tonnes Grade Gold Tonnes Grade Gold (kt) (g/t) (koz) (kt) (g/t) (koz) Excelsior OP 5,690 1.11 203 5,690 1.1 203 Zoroastrian North OP 365 2.10 25 365 2.1 25 Zoroastrian Central OP 276 1.78 16 276 1.8 16 Zoroastrian South OP 417 1.80 24 417 1.8 24 Bulle
Slide 24: Competent Person's Statement
Competent Person’s Statement Exploration Results Information in this presentation that relates to exploration results and exploration targets is based on information compiled by Mr. Bradley Toms who is the Exploration Manager of Bardoc Gold Limited. Mr. Toms is a Member of The Australian Institute o
Slide 25: Approval for Release
Approval for Release Approved for release by the Board of Directors ◼ For further information contact: INVESTORS: MEDIA: Robert Ryan Bardoc Gold Limited Nicholas Read Read Corporate Telephone: (08) 6215 0090 Telephone: 0419 929 046 Email: admin@bardocgold.com.au Email: info@readcorporate.com.au 25