Hawthorn Resources Limited · ASX:HAW
Hawthorn Resources — Shareholder Meeting (January 2013)
30 slides from Hawthorn Resources's shareholder meeting presentation, Feb 7, 2013
Slide 1: ASX cover announcement: Investor/Shareholder Presentation
ABN 44 009 157 439 Level 2, 90 William St Melbourne Victoria 3000 For personal use only Australia Telephone: +61 3 9605 5950 Facsimile: +61 3 9605 5999 7 February 2013 Email: info@hawthornresources.com Website : www.hawthornresources.com MARKET ANNOUNCEMENTS OFFICE ASX LIMITED Hawthorn Resources Lim
Slide 2: An Emerging Australian Gold Producer - AGM 2013
For personal use only Hawthorn Resources Limited [ASX: HAW] An Emerging Australian Gold Producer Annual General Meeting 2013 30 January 2013 1
Slide 3: Hawthorn Resources highlights
Hawthorn Resources Limited [ASX: HAW] For personal use only • Quality Assets: Five advanced Gold Projects in the Kalgoorlie District of the Eastern Goldfields (WA) • Targeting Gold Production Near Term: Aggressive drilling and development programs underway • Strong Team: Expanded Board; experienced
Slide 4: Board and capital structure
Hawthorn Resources Limited For personal use only Board: Mark Kerr (Chairman); Mark Elliott (Managing Director & CEO); David Tyrwhitt (Non‐Exec); Liao Yongzhong (Non‐Exec); Li Yijie (Non‐Exec) ; Ye Xiaohui* (Non‐Exec) Current Capital Structure (31 Dec 2012): •Issued Capital: 2,458.0m Ord FP Shares •M
Slide 5: HAW's Gold Projects
HAW’s Gold Projects For personal use only 30‐January ‐ 2013 4
Slide 6: HAW's Gold Projects
HAW’s Gold Projects For personal use only • Five project areas with title to over 100 exploration, mining and prospecting licences. • Surrounded by currently operating major gold mines including the Sunrise Dam (8.4m ozs), Wallaby (7.1m ozs), Red October (0.5m ozs), Carosue Dam (1.2m ozs), Safari Bo
Slide 7: Trouser Legs (Anglo-Saxon) ore blocks and proposed pits
TROUSER LEGS (ANGLO‐SAXON) [ML] 70% HAW; 30% Gel Resources For personal use only Anglo Saxon Ore Blocks and Proposed Oxide Only Pits. View from SW – Strike Length 660 metres 30‐January ‐2013 6
Slide 8: Trouser Legs (Anglo-Saxon) resource and drill program
TROUSER LEGS (ANGLO‐SAXON) [ML] 70% HAW; 30% Gel Resources For personal use only Mining Lease centred on the historic Anglo Saxon Mine and 35kms from the Carosue Dam Mill of Saracen Mineral Holdings •JORC‐compliant Indicated Gold Resource – 304,316 tonnes @2.57 g/t = 24,778 ounces – based only on th
Slide 9: Trouser Legs (Anglo-Saxon) high grade results
TROUSER LEGS (ANGLO‐SAXON) [ML] 70% HAW; 30% Gel Resources For personal use only High Grade Results include: •14.0 metres @ 9.69 g/t Au from 81‐95 metres – PINC152, •and 6.0 metres @ 7.01 g/t Au from 124‐130 metres, •15.0 metres @ 11.72 g/t Au from 76‐91 metres – PINC153, •8.0 metres @ 14.78 g/t Au
Slide 10: Trouser Legs (Anglo-Saxon)
TROUSER LEGS (ANGLO‐SAXON) [ML] 70% HAW; 30% Gel Resources For personal use only 30‐January ‐2013 9
Slide 11: Deep South
For personal use only DEEP SOUTH 80% HAW; 20% Alacer Gold 30‐January‐2013 10
Slide 12: Deep South
DEEP SOUTH For personal use only 80% HAW; 20% Alacer Gold 30‐January‐2013 11
Slide 13: Deep South infrastructure and drilling
DEEP SOUTH For personal use only 80% HAW; 20% Alacer Gold • Local infrastructure good with established haul roads and mining infrastructure. • High grade gold mineralisation extending to near surface. Open at depth and along strike of existing drilling results. • Dec 2012: Saracen recommence mining
Slide 14: Whiteheads
For personal use only WHITE HEADS 100% HAW 30‐January‐2013 13
Slide 15: Whiteheads
WHITEHEADS For personal use only 100% HAW • Contiguous group of 15 tenements covering that surrounds KalNorth’s “Lindsays” project [43,000 oz reserve, 323,000 oz resource] • Pre‐stripping commenced Jan 2013, toll treating at Carosue Dam (Saracen) – 72km to the east • Well serviced by infrastructure:
Slide 16: Yundamindera-Coffey Bore
YUNDAMINDERA‐COFFEY BORE 100% HAW & 80% HAW, 20% Alacer Gold For personal use only • Saracen’s dedicated haul road carries ore from the recently re‐ opened Red October and Butcher Well Mines to Carosue Dam Mill directly passes this Project’s tenements. • Exploration at Coffey Bore identified broad g
Slide 17: Edjudina-Triumph
EDJUDINA‐TRIUMPH For personal use only 100 % HAW 30‐January‐2013 16
Slide 18: Edjudina-Triumph
EDJUDINA‐TRIUMPH For personal use only 100 % HAW • Historic gold production (33,215 ozs @46.9 g/t) from 4 major underground mines on a series of sub‐parallel quartz lodes over 1.4km strike length. 75,000 ozs estimated remaining in 1983. • Recent drilling at the historic Senate Mine (10,398 ozs @ 48
Slide 19: Mt Bevan Iron Ore Project
Mt BEVAN IRON ORE PROJECT JV: 40% HAW; 60% Legacy Iron Ore For personal use only This project was discovered within an existing HAW gold project in the Central Yilgarn Iron Province. •Discrete zones of Direct Shipping Ore (“DSO”) haematite ‐ an extension of the Mt Mason haematite resource (Jupiter M
Slide 20: Mt Bevan Iron Ore Project - Magnetite
Mt Bevan Iron Ore Project – Magnetite For personal use only 30‐January‐2013 19
Slide 21: Mt Bevan Iron Ore Project - Magnetite
Mt Bevan Iron Ore Project – Magnetite For personal use only •100m+ thick, shallow dipping, magnetite BIF slab extending for >10km strike •July 2011: Maiden JORC compliant Inferred Resource of 617Mt @ 32.1% Fe. (Excellent recoveries; 69.8% Fe concentrate produced). An independent report commissioned
Slide 22: Mt Bevan - DSO Haematite (Mt Mason North)
Mt Bevan Iron Ore Project – DSO Haematite (Mt Mason North) For personal use only 30‐January‐2012 21
Slide 23: Mt Bevan - DSO Haematite (Mt Mason North)
Mt Bevan Iron Ore Project – DSO Haematite (Mt Mason North) For personal use only Jupiter Mines – Mt Mason DSO Project • ‘Robust Scoping Study’ 5.9 Mt @ 60.1% Fe • 4‐year mine life • NPV: AUD 109m • In Nov 2012, Jupiter announced “Optimisation work on Mount Mason (is) to intensify” with construction
Slide 24: New Strategic Partners: Feng Hua Investors
New Strategic Partners Feng Hua Investors For personal use only • In August 2012 Feng Hua Mining Investment Holding (HK) Limited [“Feng Hua”], on behalf of a consortium of Chinese investors, agreed to acquire fully paid HAW shares to the value of $14.96m in 2 tranches. – Tranche 1 was the placement
Slide 25: Feng Hua Investors
Feng Hua Investors For personal use only • After the Tranche 2 placement, Feng Hua will hold 37.60% of the expanded HAW issued capital. • The Feng Hua subscribers are: – Guangdong Fenghua Advanced Technology (Holding) Co Ltd – Guangdong Rising Assets Management Co Ltd – Guangdong Corporation of Geol
Slide 26: HAW - Major Shareholders
HAW – Major Shareholders For personal use only Post Tranche #2 – February 2013 Feng Hua 1,287.8m 37.60% Legacy Iron Ore 251.5m 7.34% Mr M Kerr, Mr M Elliott & Assocs 74.6m 2.18% Western Gear Mgmt 74.0m 2.16% Dr Mark Theo Bloch 51.5m 1.50% Total HAW Issued Capital 3,425.3m 100.00% 30‐January‐2013 25
Slide 27: Strategic Value of Mineral Exploration Rights
HAW – Strategic Value of Mineral Exploration Rights For personal use only In November 2012, for the purposes of the upcoming AGM to approve Tranche #2, an Independent Expert Report reviewed the HAW mineral interests. Global Resources & Infrastructure Pty Ltd, estimated the value of these assets “in
Slide 28: HAW - 2013 Likely Milestones
HAW ‐ 2013 Likely Milestones For personal use only • AGM approval for Feng Hua Tranche 2 shares [Jan 2013] • Indicated Resource for Mt Bevan Iron Ore project [Q1‐2, 2013] • Resource Drilling Mt Mason North Haematite [Q1‐2, 2013] • Drilling at key HAW gold projects [Q1‐2, 2013] • Resource update for
Slide 29: Anglo Saxon South drilling
HAW – Anglo Saxon South For personal use only Dec 2012 - Drilling along East Margin of Pit 2 Anglo Saxon South – View from Waste Dump 30‐January‐2013 28
Slide 30: For personal use only
For personal use only ABN 44 009 157 439 Level 2, 90 William St Melbourne Victoria 3000 Australia Telephone: +61 3 9605 5950 Facsimile: +61 3 9605 5999 Email: info@hawthornresources.com Website : www.hawthornresources.com 30‐January‐2013 29
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