Arrow Minerals Limited · ASX:AMD
Arrow Minerals — Investor Presentation (June 2019)
25 slides from Arrow Minerals's investor presentation, Jun 26, 2019
Slide 1: The creation of an exciting portfolio of gold exploration assets
June 2019 The creation of an exciting portfolio of gold exploration assets across Western Australia & West Africa
Slide 2: Disclaimer
Disclaimer • This presentation has been prepared by Arrow Minerals Limited (Arrow or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presenta
Slide 3: Acquisition of Boromo Gold
Acquisition of Boromo Gold • Arrow to acquire private West African gold exploration company, Boromo Gold Limited, for $2.9 million in an all-scrip transaction • Boromo has a portfolio of high quality gold exploration projects in Burkina Faso with drill ready targets at Divole East and Divole West •
Slide 4: Transaction Rationale
Transaction Rationale Exciting New Arrow has acquired Boromo’s exciting portfolio of gold exploration assets in Assets Burkina Faso, with potential for major discoveries Board & The Board & Management of Boromo contains a number of prominent Management mining executives, who will materially strength
Slide 5: Deal Structure
Deal Structure • Arrow will acquire 100% of the ordinary shares and performance rights in Boromo Gold Limited (“Boromo”) on a 10 for 1 basis (“Acquisition”) • Will result in the acquisition of Boromo for aggregate consideration of $2.9m, to be satisfied by the issue of 289m fully paid Arrow shares a
Slide 6: Capital Structure
Capital Structure Arrow Acquisition of Coincident Arrow (post (pre transaction) Boromo Placement transaction) Shares on issue 314.5m 289.3m 203.8m 3 807.6m Performance rights - 209.0m - 209.0m Options on issue 142.6m - 101.9m 244.5m Market capitalisation 1 $3.1m - - $8.1m Cash and investments 2 $1.5
Slide 7: Arrow Board and Management
Arrow Board and Management Board of Directors Dr Frazer Tabeart – Chairman Tommy McKeith – Non-Executive Director* 25 years experience in exploration and mining projects, including 16 Geologist with ~30 years experience in exploration, development and years with WMC and 9 years with the Mitchell Riv
Slide 8: New Strategy for Success
New Strategy for Success New Management and Capital Structure • Fully funded with West African and Australian experienced management team • GenGold performance rights ensure alignment of major shareholder • Strategic alliance with Capital Drilling will enable efficient and effective drilling in Burk
Slide 9: Boromo Asset Overview
Boromo Asset Overview Page 8
Slide 10: Burkina Faso Portfolio
Burkina Faso Portfolio Divole East and West • 211km2 of tenements with high grade gold results from 2018 exploration work Boulsa • 499km2 of tenements on the Markoye Fault which hosts the Taparko, Sanbrado, Bombore, Essakane and Kiake gold deposits Hounde South / Nako • 375km2 of tenements in produc
Slide 11: Divole East
Divole East Divole East Detail Area • Regional geophysics suggests a structure within the license area • Soil sampling has identified two key areas of gold anomalism • Diamond drilling and rock chips at Divole • Detailed ground magnetic survey Main have confirmed high-grade gold has highlighted an E
Slide 12: Divole East
Divole East • 27 hole RC drilling programme has commenced, following up soil and auger anomalies, drill intersections and outcropping gold-bearing laminated quartz veins • Results expected in early August 2019 Altered sheared ore zone from Divole East DDH Yaramoko Vein Divole East >10g/t Au (Roxgold
Slide 13: Divole West
Divole West • Prospective geology with no previous exploration • Targeted using extensive regional datasets • Soil sampling and auger drilling complete • Anomalies defined high priority drill targets • RC drilling planned for 4Q 2019 to test 2 km auger anomaly Divole West Page 12
Slide 14: Boulsa
Boulsa • On Markoye Fault (host of Sanbrado and Taparko) • Geological contacts and shear zones favourable for gold deposition • WAF Sanbrado data to be analysed in advance of 2019 field programme • Permits recently granted • Year-round drilling facilitated by • High priority target for regolith seal
Slide 15: Arrow Asset Overview
Arrow Asset Overview Page 14
Slide 16: Arrow’s Australian Portfolio
Arrow’s Australian Portfolio Strickland Gold (100%) • 1,200km2 of exploration licences across two unexplored greenstone belts, 180km north-west of Kalgoorlie • Multiple camp-scale gold prospects defined Malinda Lithium (100%) • Greenfields lithium/tantalum discovery in the Gascoyne Region • High gra
Slide 17: Strickland Gold Project
Strickland Gold Project • All major greenstone belts in the Yilgarn Craton have >8moz of gold endowment with few remaining under-explored greenstone terrains • Strickland tenements were held by iron ore companies since the late-1990’s • No modern gold exploration • Project covers over 150 strike km
Slide 18: Strickland: Discovery of Greenfields Gold Camps
Strickland: Discovery of Greenfields Gold Camps • Activity focused in three areas – North, Central and South • 19 camp-scale gold targets identified • Project-wide datasets have been collected to enable effective ranking of targets • Geochemistry: ▪ 1km x 1km BLEG sampling over entire project ▪ 400m
Slide 19: Arrow’s Enhanced Portfolio – Next Steps…
Arrow’s Enhanced Portfolio – Next Steps… • Immediate exploration focus on high ranking and drill-ready targets at Divole East, Divole West and Strickland South • Mix of geographical locations means exploration will continue year-round • Target generation, anomaly definition to continue on all projec
Slide 20: Annexures
Annexures Page 19
Slide 21: Profile of Burkina Faso
Profile of Burkina Faso • Fourth largest gold producer in Africa • Hosts 22% of the prospective Birimian Greenstone Belt • Largest share of West African exploration expenditure - $190m or 29% (2017) • Favourable business environment ▪ 100% foreign ownership in exploration ▪ 90% foreign ownership in
Slide 22: Nako and Hounde South, Burkina Faso
Nako and Hounde South, Burkina Faso NAKO 100% Arrow HOUNDE SOUTH 100% Arrow • On Boromo and Boni Shear zones • Nako 90 km north of Centamin’s Batie West deposit • Hounde South 120 km south of Teranga’s Golden Hill deposit • Stream sampling complete – results pending • Follow-up geochem and drill tar
Slide 23: Plumridge Nickel JV, Western Australia
Plumridge Nickel JV, Western Australia • Plumridge Nickel JV with Independence Group NL (ASX: IGO), covering 8 tenements in the Fraser Range Complex ▪ IGO 90%, AMD 10% - AMD can elect to contribute or covert to a 1% NSR royalty ▪ IGO – A$3.0bn market cap, owns 100% of the Nova Ni-Cu-Co mine and 30%
Slide 24: Malinda Lithium Project, Western Australia
Malinda Lithium Project, Western Australia • Arrow acquired over 1,100km2 of tenements within 10km of the Thirty Three Supersuite – dominant tenement position in the Gascoyne lithium region • Stream sediment sampling, rock chipping and soil sampling identified a significant LCT prospect covering 1.8
Slide 25: Arrow Minerals Limited
Arrow Minerals Limited ASX Code: AMD Unit 18, 40 St Quentin Ave Claremont WA 6010 Phone: +61 8 9383 3330 Email: info@arrowminerals.com.au Website: arrowminerals.com.au