Canyon Resources Limited · ASX:CAY
Canyon Resources — Investor Presentation (January 2014)
21 slides from Canyon Resources's investor presentation, Jan 16, 2014
Slide 1: Birsok Bauxite Project – Cameroon: Bauxite Investment Opportunity
For personal use only Birsok Bauxite Project – Cameroon Bauxite Investment Opportunity January 2014
Slide 2: The Transaction
The Transaction Canyon to acquire up to 75% interest in the Birsok Bauxite For personal use only Project, Cameroon 1,2 Initial Consideration minimises cash outlay and dilution $150,000 cash payment 8 million Canyon shares Canyon to spend $2 million to earn 51% project interest 3 Canyon to spend a fu
Slide 3: Rationale for the Transaction
Rationale for the Transaction Potential for delineation of a large scale world-class bauxite resource in an Potential for World-Class emerging bauxite province For personal use only Bauxite Resource High grade nature of the mineralisation indicates DSO potential with low impurities Initial entry cos
Slide 4: Corporate Overview
Corporate Overview Pre Transaction Post Transaction Tight capital structure remains For personal use only Ordinary Shares on issue 71.5m 101.7m post-acquisition Listed Options on issue (16c) 14.1m 43.1m Introduction of Altus Strategies Unlisted Options on issue 3.25m 11.25m as Canyon’s major shareho
Slide 5: Board of Directors
Board of Directors Rhod Grivas, Non-Executive Chairman For personal use only Geologist with +20 years experience in corporate and technical management of junior exploration companies Managing Director of ASX and TSX listed Dioro Exploration prior to its takeover by Avoca Philip Gallagher, Managing D
Slide 6: Birsok Bauxite Project Overview
Birsok Bauxite Project Project Overview Two bauxite licenses (Birsok and For personal use only Mandoum) in central Cameroon covering 1,462km2 Contiguous to the large, high grade Minim Martap deposit Cameroon Alumina Limited, JV between Dubai Aluminium, Hindalco and Hydromine Strategically located cl
Slide 7: Birsok Bauxite Project: Emerging Aluminium Province
Birsok Bauxite Project Emerging Aluminium Province For personal use only ASX Code: CAY | Page 7
Slide 8: Preliminary Sampling Indicates DSO Potential
Birsok Bauxite Project Preliminary Sampling Indicates DSO Potential Initial sampling demonstrates a premium quality For personal use only gibbsite hosted bauxite with low impurities Potential for DSO mining operation 634 rock chip bauxite samples taken to date Four Plateau style targets covering an
Slide 9: Four Plateau Style Targets Defined with High Grade Rock Chips
Birsok Bauxite Project Four Plateau Style Targets Defined with High Grade Rock Chips For personal use only Rock chip grade distribution and sample type on the Birsok Project ASX Code: CAY | Page 10
Slide 10: Multiple Transport and Logistic Options
Birsok Bauxite Project Multiple Transport and Logistic Options Existing rail line runs from Ngaoundal to Douala, For personal use only within 10km of project Indicated capacity on the existing rail line to transport bauxite from the project Between 1999 and 2007 €108M invested in rail infrastructure
Slide 11: Planned Work Programme
Planned Work Programme Drilling in Q1 2014, Early Resource Potential Initial exploration has identified targets and the project is drill ready For personal use only Initial drill programme is planned to start in Q1 2014, subject to completion of the acquisition Project area is drill ready Exploratio
Slide 12: The Investment Case for Bauxite
The Investment Case for Bauxite Strong fundamentals for the bauxite market: For personal use only Bulk commodity with growing global demand Global consumption of aluminium to double from 41Mt in 2010 to 82Mt in 20251 China imports approximately 60% of its bauxite requirements Uncertainty regarding l
Slide 13: China is Driving Demand for Bauxite
China is Driving Demand for Bauxite China is the growth market for aluminum and alumina production For personal use only Source: Bauxite Long Term Market Outlook, 2013 (CRU) ASX Code: CAY | Page 13
Slide 14: Republic of Cameroon: Stable and Mining Friendly
Republic of Cameroon Stable and Mining Friendly Peaceful and politically stable For personal use only Member of the Commonwealth Officially bilingual (French and English) Capital city is Yaounde (population 2.5 million) Positive tax and regulatory regime Population approx. 20 million Main exports ar
Slide 15: Project Partner – Altus Strategies
Project Partner – Altus Strategies For personal use only Altus Strategies will become Canyon’s largest shareholder, with 8 million shares post completion of the acquisition of the Birsok Project Successful history of discovery and development of projects throughout the African continent Incubator of
Slide 16: Burkina Faso Gold
Burkina Faso Gold For personal use only Focus on advancing key projects in the 2013/2014 field season Pinarello Project Further testing of the Soukoura, Gaghny and Togoba prospects Taparko North Project Drilling to follow up the multi element soil goechem and EM anomalies on the Karga prospect Konko
Slide 17: Investment Summary
Investment Summary Portfolio of high quality projects in Africa, targeting company-making discoveries: For personal use only Cameroon: Targeting long life, premium grade DSO bauxite Burkina Faso: Targeting gold and base metal discoveries across approximately 3,500km2 in a number of highly mineralise
Slide 18: Company Disclaimer & Competent Person Statement
Company Disclaimer & Competent Person Statement Forward Looking Statements For personal use only Forward-Looking Statements: This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Canyon Resources Ltd’s exploration prog
Slide 19: Contact Details
Contact Details For personal use only ASX:CAY www.canyonresources.com.au Phil Gallagher Managing Director Ph: (08) 6143 4256 Email: pgallagher@canyonresources.com.au Rhod Grivas Chairman Ph: (08) 6143 4256 Email: rhod@grivas.com.au 353 Rokeby Rd Subiaco, Western Australia 6004 ASX Code: CAY | Page 1
Slide 20: Appendix
For personal use only Appendix
Slide 21: Birsok Acquisition Conditions
Birsok Acquisition Conditions Conditions of the Transaction For personal use only The renewal of the Birsok License Canyon obtaining all necessary shareholder approvals required to issue the Initial Consideration Shares and any other approvals required by ASX Canyon and the Owner obtaining, all stat
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