Slide 1: Self Funding the Search for Australia's Next Gold Discovery
For personal use only ASX Code: IRC, IRCOA Intermin Resources Ltd SELF FUNDING THE SEARCH FOR AUSTRALIA’S NEXT GOLD DISCOVERY COM PA NY I NV ESTOR P R ESE NTAT I ON AU G U ST 2017 www.intermin.com.au iadmin@intermin.com.au Tel +61 8 9386 9534
Slide 2: Disclaimer and Forward Looking Statement
Disclaimer and Forward Looking Statement This Presentation is provided on the basis that neither the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers, make any representation or warranty (express or implied) as
Slide 3: Presentation Agenda
For personal use only Presentation Agenda 1 Company Overview 2 Teal Mining Project 3 Goongarrie Lady Mining Project 4 Exploration Project Pipeline 5 Joint Venture Projects 6 Growth through acquisition 7 Conclusion 3
Slide 4: Company Introduction
For personal use only Company Introduction • High quality landholding in the Goldfields of Western Australia • Strong leadership with extensive WA gold mining and exploration experience • Growth strategy centered on discovery and resource expansion through exploration • Generating near-term cash by
Slide 5: Corporate Overview
For personal use only Corporate Overview Overview M Ordinary shares on issue 218.4 Listed Options ($0.17, 31 Aug 2018) 23.7 Share price (12mth $0.08 – $0.16) $0.09 Market capitalisation A$19 Cash position A$3.2 Listed investments – (ASX:RWD) A$1.4 Debt Nil Top 20 shareholding 64% Directors 5% 5
Slide 6: Board and Senior Management
For personal use only Board and Senior Management Board and management team +100yrs collective experience in WA Goldfields Non-Executive Chairman Managing Director Peter Bilbe Jon Price • Mining Engineer with over 40 years’ experience • Metallurgist with more than 27 years’ experience • Has held sen
Slide 7: Asset Overview
Asset Overview • Quality gold assets in the heart of the WA goldfields For personal use only • 100% ownership of 380km2 on Bardoc, Abattoir and Zuleika shear zones in close proximity to Kalgoorlie • 180km2 acquired in last 12 months • Limited modern exploration in last 20 years • Walk up drill targe
Slide 8: Building Project Pipeline
Building Project Pipeline Increasing For personal use only Reserves Teal Confidence Advanced Mining Projects Goongarrie Lady, Teal Stage 2, 3 Mine Optimisation Studies and Resource drilling Anthill, Peyes Farm, Jacques Find, Teal deeps, Baden Powell Resources New discovery Blister Dam, New Mexico, W
Slide 9: Teal Mine – Generating Cash
Teal Mine – Generating Cash • First mining project commenced at Teal Stage 1 in For personal use only November 2016 • Structured in lower risk profit share alliance with mining contractor RM Contracting • Approximately one third of planned Stage 1 ore mined by July of 65,000t grading >3g/t Au • Proc
Slide 10: Strong Potential for Teal Stage 2 and 3
Strong Potential for Teal Stage 2 and 3 • Positive mill reconciliation, grade control For personal use only model review and pit mapping identified additional oxide ore to the east and south • Stage 2 comprises a cut back to the East1 • Stage 3 comprises cutback to the South1 over 200m along strike
Slide 11: Goongarrie Lady – Next Mining Project
Goongarrie Lady – Next Mining Project • Positive Scoping Study completed and For personal use only Feasibility Study due December quarter Ore Haulage 2.2km to Goldfields Highway • Extending existing pit mined in the 1980s • Planned mining of 140kt of ore grading 3.4g/t over seven months • 5,000m of
Slide 12: New Discovery Targets
New Discovery Targets • All projects within significant gold bearing shear zones For personal use only surrounded by large mining companies • Several recent new discoveries are testament to the potential of the region • High priority walk up drill targets identified at: • Blister Dam / New Mexico •
Slide 13: Major FY18 Drill Program Underway
Major FY18 Drill Program Underway • Largest ever drill program of 32,000m for FY18 – 50% of For personal use only drilling budget on greenfields targets • Targeting based on results of recent drill campaigns and six month review of geological, geochemical, geophysical and historic databases • Progra
Slide 14: Eastern Goldfields JV
Eastern Goldfields JV • Joint Venture with Eastern Goldfields for Menzies and Goongarrie For personal use only projects secured in September 20161 • Objective to build sufficient mining inventory to support a new high-grade mill in the Mount Ida / Menzies region • Eastern Goldfields to sole fund and
Slide 15: Strategic Joint Ventures
Strategic Joint Ventures1-4 $21m total spend from quality JV partners at no cost to IRC offers significant value upside Evolution Mining (ASX:EVN) AXF Resources (Private) For personal use only Binduli JV - Gold Richmond JV (QLD) - Vanadium-Molybdenum • EVN can earn 70% after $4.6M spend by 20201 • C
Slide 16: Growth Through Acquisition
Growth Through Acquisition • Eight acquisitions completed to date1 For personal use only • Added 180km2 of prospective tenure • Prospects have had little to no modern exploration • The recent Anthill gold project acquisition2 is the exception: • Sits within the prolific Zuleika and Carnage shear zon
Slide 17: Growth Strategy
For personal use only Growth Strategy1 • Largest drill program in Intermin history (32,000m) being completed in FY18 • Combination of drill targets – new discovery, Resource growth and Reserve conversion • Cash balance growing rapidly from Teal mining project which is now largely de-risked • Further
Slide 18: Conclusion
For personal use only Conclusion • High quality landholding in the Goldfields of Western Australia • Strong leadership with extensive WA gold mining and exploration experience • Growth strategy centered on discovery and resource expansion through exploration • Largest ever drill program underway for
Slide 19: Contact Information
For personal use only Contact Information ASX Code: IRC, IRCOA Jon Price MSc (Mineral Economics) MAusIMM, MAICD Managing Director Lorry Hughes BSc (Geology) MAusIMM Director - Business Development Telephone +61 (08) 9386 9534 Facsimile +61 (08) 9389 1597 Email iadmin@intermin.com.au Postal Address P
Slide 20: Appendix – JORC Resource Statement
Appendix – JORC Resource Statement Deposit Measured Indicated Inferred Total Resource For personal use only (1g/t cut-off) Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Menzies Pericles 0.530 2.49 42,500 0.530 2.49 42,500 Yunndaga 1.580 2.03 103,000 1.580 2.03 103,000 Bellenger/ Warrio
Slide 21: Disclaimer and Forward Looking Statement
Disclaimer and Forward Looking Statement For personal use only Some statements in this report regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements inc
Slide 22: Exploration success
Exploration success • Major drilling programs completed in 2016 For personal use only • Significant results returned include1: • 15m @ 4.28g/t Au from 73m, • 15m @ 4.24g/t Au from 130m and • 3m @ 12.04g/t Au from 80m from Teal • 13m @ 5.42g/t Au from 55m and • 9m @ 5.14g/t Au from 82m from Peyes Far