Iondrive Limited · ASX:ION

Iondrive — Shareholder Meeting (October 2017)

15 slides from Iondrive's shareholder meeting presentation, Oct 25, 2017

  1. Slide 1: Southern Gold: 'Bluechip' Gold Explorer AGM Presentation

    SOUTHERNGOLD ‘BLUECHIP’ GOLD EXPLORER AGM Presentation – 25 October 2017 ASX Ticker: SAU

  2. Slide 2: Disclaimer

    Disclaimer Forward-looking statements The information in this presentation is published to inform you about Southern Gold Limited (“Southern Gold”) and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. These may include, without

  3. Slide 3: Corporate Overview: Highlights of FY16/17

    Corporate Overview: Highlights of FY16/17 South Korea – Acquired July ’16 for ~A$2m scrip & A$0.1m cash  Gubong & Taechang Au Mines deal with Bluebird MV in March ’17 with US$1m farm in and A$0.5m premium placement Gubong Gold Mine historic underground workings draped on Google Earth image,  SAU S

  4. Slide 4: Corporate Strategy

    Corporate Strategy  Search for ‘world class’ gold deposits, organically funded  Next stage of organic funding?  Near Term Cash = Cannon Underground (Kalgoorlie)  Mid Term Cash = Gubong Gold Mine (South Korea)  Other potential sources of organic funding?  Glandore (Kalgoorlie)?  Kochang or Weo

  5. Slide 5: Southern Gold: a Blue Chip Explorer

    Southern Gold: a Blue Chip Explorer  Technical People Douglas Kirwin, Chris Bowden, Justin Gum;  Exploration Ground 262km2 in Kalgoorlie and 120km2 South Korea;  Funding @ 30/9/17 Cash ~$5m + Cannon underground to come;  Capital Structure 49.1m shares;  Shareholder Return 87% return over last 2

  6. Slide 6: Good People

    Good People Board Company Secretary Greg Boulton, Simon Mitchell, David Turvey, Mick Billing, Dan Hill, Chairman Managing Director Non-Executive Non-Executive Company Secretary Director Director Technical Key Managerial Doug Kirwin, Chris Bowden, Justin Gum, Ray Ridge, Joseph Lee, Technical Advisor

  7. Slide 7: Good Ground: Kalgoorlie, 46 tenements, 262km2

    Good Ground: Kalgoorlie, 46 tenements, 262km2 Westgold Resources Ltd 7

  8. Slide 8: Good Ground: South Korea, 44 graticules, 120km2

    Good Ground: South Korea, 44 graticules, 120km2 8

  9. Slide 9: Funding, Capital Structure, Business Model

    Funding, Capital Structure, Business Model Number of ordinary shares on issue 49.15m Staff and Director Options ~4.7m Total Fully Diluted Shares 53.85m Share price (23 October 2017) A$0.27 Market capitalisation (undiluted) A$13.3m Cash (est 30 Sept 2017) A$5m Enterprise value A$8.3m Special Dividend

  10. Slide 10: FY16+FY17 Share Price Graph: Low 17c, High 46c

    FY16+FY17 Share Price Graph: Low 17c, High 46c A$0.5m Placement priced 40c at 38.6c, +35% Premium A$1.2m Placement 35c at 35c, +25% Premium 30c Current share 25c price @ 27c 3c per share unfranked 20c special dividend lifts return to +39% 30 June 2015 30 June 2016 30 June 2017 @ 20c @27c = +35% @34.

  11. Slide 11: The Organic Funding Model: Cannon Au Mine

    The Organic Funding Model: Cannon Au Mine Open Pit: ~95koz Au Resource ~52koz Au recovered ~A$13.7m Profit to Southern Underground Resource: Grade Category Level mRL Tonnes Ounces g/t Total Indicated 170 -> 240 121,600 5.68 22,170 Total Inferred 145 -> 240 20,700 2.21 1,470 Total Resource 145 -> 240

  12. Slide 12: Developing Mine Restart Capex <US$10m

    Developing Mine Restart Capex <US$10m  120km historic underground development in place, including 3 shafts  Enormous embedded value  Unmined veins confirmed in situ  Target delineation: 3 years of resources Gubong historic map of old working with recently located access highlighted. 12

  13. Slide 13: What's Coming in FY17/18? A lot….

    What’s Coming in FY17/18? A lot…. 1. Cannon Underground (WA) – significant value release, currently assessing 2. Cannon Brownfield (WA) – following the Cannon shear, targets being defined 3. Glandore (WA) – up to 168g/t Au in rocks, currently drilling 4. Cowarna (WA) – extensive untested BIF strike

  14. Slide 14: "Blue Chip" with EV< AUD$10m

    “Blue Chip” with EV< AUD$10m  Potential underground gold mines at:  Cannon (WA)  Gubong (SK) - with Bluebird Merchant Ventures  Multiple kilometre-scale high grade Au mineralised systems being explored  New very high quality epithermal targets being generated  Very tight capital structure (pre

  15. Slide 15: Research and Contacts

    Research and Contacts  ERA, Keith Goode, April 2017 (price target >$0.40/share) http://www.eagleres.com.au/reports/item/apr-2017-southern-gold-ltd Simon Mitchell Managing Director +61 8 8368 8888 info@southerngold.com.au www.southerngold.com.au Level 1, 8 Beulah Road Norwood, SA 5065 PO Box 255 Ken

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