Eastern Goldfields, Inc. · OTC:EGDD
Eastern Goldfields — Investor Presentation (June 2017)
27 slides from Eastern Goldfields's investor presentation, June 2017
Slide 1: Driving Value Through Production and Exploration
Driving Value Through Production and Exploration June 2017
Slide 2: Disclaimer
Disclaimer Competent Persons Statement • The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Michael Thomson, an employee of Eastern Goldfields Limited, who is a Member of the Australian Institute of Mining and Metallurgy.
Slide 3: Corporate Overview
Corporate Overview Capital Structure (ASX:EGS) (as at 6 June 2017) Share Price Issued Capital 542.6 m Options On Issue1 60.9 m Share Price $0.34 Market Capitalisation $184 m Cash in bank $551,000 (as at 31/03/2017) Debt $15 m Enterprise Value (A$m) ~$200 m 1 22,550,000 Unlisted Options exercisable a
Slide 4: Operational Focus: Establish, Unlock, Reset
Operational Focus Activity Status • Assay historically stockpiled ore and waste dumps Complete • Refurbishment of Davyhurst plant Complete ESTABLISH • Commence mining operations Commenced production base at Davyhurst • Commissioning and first gold production June 2017 • Steady state operations at ru
Slide 5: Davyhurst Mill
Davyhurst Mill • Refurbishment of the 1.2 Mtpa Davyhurst Plant nearing completion • Targeting re-commissioning in June 2017 • Highlights • Installation of a new gravity circuit including two Nelson Concentrators and an Acacia reactor • Installation of two new cone crushers • Installation of new tail
Slide 6: Davyhurst Hub – Production Potential
Davyhurst Hub – Production Potential • Targeting 80,000 ounces p.a. by June 2017 • Targeting step change to +100,000 ounces p.a. by December 2017 • Based on 800,000 tpa throughput – potential to lift to +1.2 Mtpa • Strong potential to lift gold production; • Increase throughput - incremental oxide l
Slide 7: Overview of Project Areas
Overview of Project Areas ar = ee ASX: EGS — ao www.easterngoldfields.com.au
Slide 8: Exploration on Large Regional Footprint
Exploration on Large Regional Footprint • Objectives – generate new discoveries • Systematic exploration program • Historically fractured tenure led to a disjointed approach to exploration across the project area • Method – generate regionally consistent datasets: • Detailed geological outcrop mappi
Slide 9: Project Overview
Project Overview • 120 km north west of Kalgoorlie, Western Australia • 200 strike kms of prospective greenstone belt • 1,728 km2 containing multiple mining centres • Aggregation of 5 former standalone projects • Each project area hosts multiple o/p and u/g targets • 1.2 Mtpa CIL processing plant an
Slide 10: Davyhurst Hub and Major Mining Centres
Davyhurst Hub and Major Mining Centres 10
Slide 11: Davyhurst Mining Centre
Eastern Davyhurst Mining Centre ried (0! fields I 280 000 mE DAVYHURST Lode Systems Host Structure — 6 680 000 mN O Near term production source © Medium term production source © Other deposits/prospects Geology {_|Sediments [_ ]Felsic |_| Mafic intrusive i | Ultramafic (0) Mafic extrusive [_] Granit
Slide 12: Lights Of Israel (LOI) Complex – 3D View
Lights Of Israel (LOI) Complex – 3D View Note: The potential quantity and grade of the Exploration Targets are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Slide 13: LOI Complex Exploration Targets - Additional Information
LOI Complex Exploration Targets - Additional Information The Exploration Targets are based upon a comprehensive geological and mineralisation review conducted by Eastern Goldfields Limited. This modelling utilised a combination of exploration drilling data, underground sampling along with detailed g
Slide 14: Waihi Complex Long Section
Waihi Complex Long Section 14
Slide 15: Siberia Mining Centre
. . . Eastern Siberia Mining Centre ried (0! fields | 300 000 mE SIBERIA Lode Systems Near term production source © Other deposits/prospects Geology [_]Sediments [_ ]Felsic (| Mafic intrusive [J ultramafic [i Mafic extrusive [__] Granite Mineralised 5km trends 5km Approximate past production 1.4 Mt
Slide 16: Siberia Complex – 3D View
Siberia Complex – 3D View ASX Announcement 23 November 2016 16
Slide 17: Riverina & Mulline Mining Centres
Riverina & Mulline Mining Centres 17
Slide 18: Callion Mining Centre
Callion Mining Centre Eastern mu Goldfields Limited Geology [_] Sediments [_] Mafic intrusive [ij ultramafic [1 Mafic extrusive [7] Granite CALLION Lode Systems © Near term production source © Other deposits/prospects (_]Felsic 13 km ae: ~-DAVYH IURST MILL| Approximate past production 0.5 Mt @ 8.2 g
Slide 19: Callion Long Section – Grade Contours
Callion Long Section – Grade Contours Note: The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Dril
Slide 20: Callion Exploration Target – Additional Information
Callion Exploration Target – Additional Information Basis for the Callion Exploration Target: The Exploration Targets were calculated using historic data that was collated by Eastern Goldfields Limited. The data consisted principally of channel sample assays and ore thicknesses and RC and diamond dr
Slide 21: Walhalla Mining Centre
Walhalla Mining Centre Eastern ey Goldfields Limited I | 270 000 mE WALHALLA Lode Systems O Near term production source © Other deposits/prospects Geology [_ |Sediments [_ ]Felsic [__]Mafic intrusive [Jj ultramafic 0) Mafic extrusive [—] Granite y Approximate past production 0.5 Mt @ 1.8 g/t for 26
Slide 22: Walhalla Long Section
Eastern Walhalla Long Section rina) olfilds Limited South Open / Untested IK 8 km >| Au g/t >= 20.0 M10.0to 20.0 M5.0to10.0 M25to5.0 %1.0to2.5 M<1.0
Slide 23: Lady Ida Mining Centre
Lady Ida Mining Centre Sl orieelll Eastern Goldfields Limited 23 LADY IDA Lode Systems Near term production source © Other deposits/prospects Geology [_|Sediments [__]Felsic [__]Mafic intrusive [Jj ultramafic 6 Mafic extrusive [7] Granite Approximate past production 0.8 Mt @ 2.8 g/t for 70 Koz 10 km
Slide 24: Mt Ida Hub – Overview
Mt Ida Hub – Overview • High grade, low tonnage (e.g. Andy Well, Paulsens) – 320,000 t @ 13.8 g/t for 140,000 oz • Historic production: 547,000 t @ 17.2 g/t Au for 302,000oz • Drilling to recommence May 2017 • Exploration focus now shifts to building high quality mineral resource base • Potential fo
Slide 25: Mt Ida Mine Mining Centre and Bombay Prospect
Mt Ida Mine Mining Centre and Bombay Prospect • 7 kilometres north-west of the Mt Ida Mine • Drilling confirmed Mt Ida Mine style mineralisation at the Bombay • Results highlight the potential to delineate further high grade mineralisation • 4.0 m @ 4.95 g/t Au from 6.7 m; including 1.0 m @ 12.58 g/
Slide 26: Mineral Resources Table
Mineral Resources Table MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) GOLDEN EAGLE 0 0.0 345 2.5 311 2.6 656 2.5 54 LIGHTS OF ISRAEL UNDERGROUND 0 0.0 74 4.3 180 4.2 254 4.2 35 MAKAI SHOOT 0 0.0 1,985 2.0 153 1.7 2,13
Slide 27: Michael Fotios
Michael Fotios Executive Chairman Eastern Goldfields Limited Ph: +61 8 6241 1866
Eastern Goldfields — Investor Presentation (June 2017) on 6ix