Aureka Limited · ASX:AKA
Aureka — Navarre Minerals — Investor Presentation (September 2012)
23 slides from Aureka's investor presentation, September 2012
Slide 1: Investor Presentation
SCIENCE DISCOVERY GROWTH Investor Presentation September 2012 Geoff McDermott – Managing Director Wessley Edgar – Exploration Manager
Slide 2: Forward-looking statement & disclaimer
Forward-looking statement & disclaimer The information contained in this presentation has been provided by Navarre and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representatives as to
Slide 3: Navarre Minerals Limited
Navarre Minerals Limited Our business An ASX-listed, Australian-based mineral exploration company searching for gold and base metal deposits in Victoria Our goal To define a maiden mineral resource and to become a low-cost gold producer through exploration success Our assets We have a discovery unde
Slide 4: Project location
Project location Extensive tenement position with excellent exposure to gold and base metals growth Ballarat – Bendigo Corridor Bendigo North Project Group (Tandarra, Raydarra & Sebastian) • Quartz Reef & Secondary gold (alluvial & deep lead) Landsborough Fault Corridor Kingston & Glendhu Projects •
Slide 5: Substantial success in first full year
Substantial success in first full year Discovery of a potential new goldfield under cover in central Victoria at Tandarra prospect • 29 lines of quartz reef targets identified by 67 line km of CSAMT geophysics for follow- up drill testing - 14 confirmed gold-bearing by scout air-core drilling to dat
Slide 6: Central Victoria gold endowment
Central Victoria gold endowment Dept. of Primary Industries predicts 32 Mozs of gold under cover north of Bendigo Source: Victorian Department of Primary Industries, Gold Undercover Initiative 2007
Slide 7: Bendigo North
Bendigo North An emerging gold district Four Eagles Prospect • 100% ownership of flagship Tandarra prospect • Earning 75% interest in Raydarra & Sebastian gold projects • Gold concealed by shallow Murray Basin sediments (5m – 80m deep) • Emerging gold belt controlled by Whitelaw Fault • Navarre cont
Slide 8: Tandarra
Tandarra Best gold prospect in Victoria Raydarra & Tandarra • Navarre considers that Tandarra is the Depth to Basement Showing all drilling highest quality new gold discovery in September 2012 Victoria during the past 100 years • New geophysical approach followed by scout drilling uncovers multiple
Slide 9: Tandarra
Tandarra 2012 Drilling • Three high-grade lines of reef identified to date – Tomorrow, Macnaughtan & Reynolds lines • High grade gold occurs within a broad halo of mineralised quartz close to surface
Slide 10: Tandarra
Tandarra Cross-section through Tomorrow line 18 m September 2012
Slide 11: Tandarra
Tandarra Tandarra drill highlights* High-quality project Air-core Minimum Gold Maximum Gold Length (m) Hole ID Assay Range (g Au/t) Assay Range (g Au/t) ACT015 10.0 17.9 44.3 • Drill results supportive of TAC125 4.0 6.6 7.2 conceptual open pit: and 3.0 1.9 87.5 includes 1.0 3.1 259.8 gold grades r
Slide 12: Bendigo Goldfield historic production
Bendigo Goldfield historic production World-class gold target • Estimate of historic gold production in Bendigo indicates about 5 - 6 million ounces of gold was mined in the top 100m from surface • Early indications from Tandarra suggest possible alluvial gold in buried valleys Source: Catalyst Meta
Slide 13: Bendigo Goldfield analogy
Bendigo Goldfield analogy World class gold deposit • Historic gold production from multiple lines of lode • Lines of lode are sub-horizontal with reefs repeating at regular intervals with depth • 18 million ounces of reef gold • 4 million ounces of alluvial gold • Probable 5 – 6 million ounces of go
Slide 14: Project Pipeline
Project Pipeline
Slide 15: Sebastian Gold Project
Sebastian Gold Project Potential shallow gold under cover • Under explored • Surface gold anomalies to test 9 km • Ground geophysics program – Oct ‘12 Under Cover UNITY Gold Potential MINING LIMITED 9 km Murray Basin cover Navarre Minerals Earning 75% Sebastian Goldfield (187,000 ozs past production
Slide 16: Kingston
Kingston Emerging gold project close to established infrastructure • At-surface, oxide gold mineralisation with shallow high-grade gold intercepts including recent Navarre drilling - 16.9m @ 5.5g Au/t from 66m down-hole in DDK001 • 100% owned with dominant position along prospective Landsborough Fau
Slide 17: Kingston
Kingston Previous high-grade gold intercepts to follow up • Recent airborne magnetic survey locates possible repetitions of Kingston mineralisation for follow-up testing • Ground geophysics scheduled for October 2012 1.1 km 60 m
Slide 18: Kingston
Kingston Gold occurs on margins of massive quartz * See Navarre’s ASX release dated 24 January 2012
Slide 19: Black Range
Black Range Significant copper-zinc-gold prospect • Volcanics are believed similar in age and geology to Tasmania’s Mt Read Volcanics - host to large deposits such as Mt Lyell, Rosebery, Henty & Hellyer • Under-explored due to poor outcrop and shallow cover • Large copper-zinc-gold mineralisation of
Slide 20: 2012/13 Exploration Program
2012/13 Exploration Program Testing the shallow open pit potential BENDIGO NORTH GOLD PROJECT • 13,000 metres of air-core and diamond drilling • Delineation drilling over 4km strike of 3 high-grade reefs at Tandarra • Test other shallow regional quartz reef and alluvial gold targets • Bulk sample te
Slide 21: Corporate
Corporate ASX code NML (listed 31 March 2011) Shares on issue 55.8 million Options 2.37 million (unlisted) Share Price AUD$0.16 (11 September 2012) Market Cap $8.9 million (AUD$0.16) Cash $1.5 million (30 June 2012) SPP Capital raising underway Major Shareholders Crocodile Gold Corp 9% (Owner of Fos
Slide 22: Investment case
Investment case Discovery of a potential new goldfield under shallow cover in central Victoria • Bendigo North, Tandarra gold discovery under shallow cover - 40km along strike from 22Moz Bendigo Goldfield • Emerging gold belt controlled by Whitelaw Fault – Navarre controls 35km of strike • Three hig
Slide 23: For more information contact Navarre Minerals Limited
For more information contact Navarre Minerals Limited 40 – 44 Wimmera Street Stawell VIC 3380 Tel: 03 5358 8625 Website: www.navarre.com.au Email: info@navarre.com.au
Navarre Minerals — Investor Presentation (September 2012) on 6ix