Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — Polymetals Mining — Investor Presentation (June 2011)
24 slides from Polymetals Resources's investor presentation, June 2011
Slide 1: Investor presentation June 2011
White Dam Gold Mine, South Australia An established track record of over 25 years of delivering profitable Australian resources projects ASX:PLY Investor presentation | June 2011
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Polymetals Mining Limited To the maximum extent permitted by law, none of Polymetals, its (“Polymetals” or the “Company”) to provide existing and prospective related corporations or their directors, employees or agents, nor any investors in Polym
Slide 3: Overview of Polymetals
1 Overview of Polymetals —_— Te * aN 2 POLYMETALS aE? MINING LIMITED
Slide 4: Introduction
Introduction An Australian precious and base metals producer Clear growth strategy with a balanced portfolio of production, development and exploration Interests in three projects in proven mining districts – Cobar, Broken Hill and Kalgoorlie Currently producing gold at White Dam Gold Mine Rai
Slide 5: Corporate overview
Corporate overview Item Value 1 Share price A$0.94 Shares outstanding 36 million Market capitalisation A$33.8 million Cash A$14.7 million Debt nil Shareholder structure Directors & staff – 63.8% Retail investors – 30.4% Soul Pattinson – 5.8% 1. As at 10 June 2011 June 2011 POLYMETALS.COM.AU 5
Slide 6: A compelling investment proposition
A compelling investment proposition Experienced producer with advanced near-term development activities and exploration projects Solid balance sheet with continuing cash flow from current gold production and a fully-funded exploration program Clear growth strategy to deliver successfully on th
Slide 7: Strong Board with a proven track record
Strong Board with a proven track record BOARD MEMBERS David Sproule Fulton Smith Chairman Chief Executive Officer B. Eng. (Met) (Hons); Member AusIMM B. Ed.; Grad. Dip. Mgmt. +25 years’ experience in acquisition, mine development +25 years’ diverse leadership and management and production of
Slide 8: Strong senior management team
Strong senior management team KEY EXECUTIVES David Kinsman, Chief Financial Officer B. Comm, B. Ec., ACA +20 years’ experience across oil and gas, defence Former CFO/CEO of Innamincka Petroleum Previously, MIM Petroleum, Santos, Chevron, Boeing Andrew Lawry, Chief Operations Officer B. App
Slide 9: Proven track record
2 Proven track record Mt Boppy | Nimbus | Hellyer | White Dam
Slide 10: A 25-year track record of success
A 25-year track record of success Projects this past decade … cost efficient and rapid development Mt Boppy production Nimbus production 68koz gold 3.2Moz silver $12.5M EBITDA $9.8M EBITDA 4 months to production 5 months to production Hellyer production White Dam production 32kt zinc &
Slide 11: Proven track record continues.....White Dam Gold Mine
Proven track record continues..... White Dam Gold Mine, Drew Hill SA strong cash flow Polymetals: developer and manager joint venture: 25% Polymetals Mining Limited 75% Exco Resources Limited (ASX :EXS) open cut mining White Dam Gold Mine dump leach processing Outperforming on key metrics
Slide 12: Projects in key mining regions
3 Projects in key mining regions Canbelego | Drew Hill | Boorara
Slide 13: Three prospective projects...
Three prospective projects... Canbelego, NSW Ownership: 100% Location: 46km east of Cobar, NSW Area: 204km2 Minerals: gold and base metals Drew Hill, SA Ownership: 25% + management Location: 85km west of Broken Hill, SA Area: 728km2 Minerals: gold and base metals Boorara, WA Ownership: 100% Three ke
Slide 14: Canbelego: a significant mineral field
Canbelego: a significant mineral field Canbelego, NSW Cobar-style mineralisation Lachlan Fold Belt located in active mineral field >5Moz of gold produced from the region Polymetals’ position is strong operated there since 1992 produced 68koz gold from open cut operations acquired wider
Slide 15: Canbelego: a significant mineral field
Canbelego: a significant mineral field Growth more than 20 prospects identified extension drilling underway to increase existing Resource and facilitate early gold production near-mine exploration underway Four immediate near-term targets Mt Boppy Gold Mine: parallel structures Hardwicks:
Slide 16: Drew Hill: current producer, exploration upside
Drew Hill: current producer, exploration upside Drew Hill, SA Curnamona province located in active mineral field Current production White Dam – 90koz Au to May 2011 and continuing into 2012 Growth White Dam mine production White Dam near-mine target exploration commenced – results mid Q3 C
Slide 17: Boorara: overview
Boorara: overview Boorara, WA 6km of Menzies Boorara Shear which hosted 1Moz Au Paddington deposit located in active mineral field Known Resource 1.3Mt @ 1.31g/t Au (Indicated, 0.5g/t cut-off) 0.6Mt @ 1.53g/t Au (Inferred, 0.5g/t cut-off) (for 84,600 oz contained Au) Growth increase oxide gold
Slide 18: Financial overview: solid balance sheet
4 Financial overview: solid balance sheet
Slide 19: Strong performance history
Strong performance history Financials ($M)1 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 H1 2011 Revenue 25.4 22.5 30.2 33.8 11.4 5.6 10.7 EBITDA 7.2 9.6 9.4 4.7 1.2 0.1 5.5 NPAT 2.2 5.8 6.3 2.9 1.0 (0.2) 2.9 Capital distributions2 1.1 1.1 4.9 2.6 0.9 5.0 Production3 FY2005 FY2006 FY2007 FY2008 FY2009
Slide 20: Exploration expenditure
Exploration expenditure Drilling commenced at Canbelego and Drew Hill Initial drilling results are anticipated in coming weeks Fully funded exploration program Exploration and drilling expenditure by activity Project 2011 2012 Total (A$m) (A$m) (A$m) Mt Boppy 1.35 2.47 3.82 Canbelego 1.42 0.65
Slide 21: Future pipeline: clear growth strategy
5 Future pipeline: clear growth strategy
Slide 22: Clear growth strategy
Clear growth strategy Mid 2011 End 2011 Early 2012 Mid 2012 End 2012 + Canbelego, NSW Drilling program has commenced Successful results will be the trigger Initial results expected mid 2011 for moving to mine development Drew Hill, SA Current exploration White Dam Gold Mine currently producing aimin
Slide 23: A compelling investment proposition
A compelling investment proposition Experienced producer with advanced near-term development activities and exploration projects Solid balance sheet with continuing cash flow from current gold production and a fully-funded exploration program Clear growth strategy to deliver successfully on th
Slide 24: Proven track record, outstanding asset base, robust balance sheet
PROVEN TRACK RECORD OUTSTANDING ASSET BASE ROBUST BALANCE SHEET
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