Sundance Resources Limited

Sundance Resources — Gold Road Resources — Diggers & Dealers 2016

33 slides from Sundance Resources's conference presentation, Aug 2, 2016

  1. Slide 1: Through Passion - To Production

    Through Passion ‐ To Production Diggers & Dealers – 2 August 2016 1

  2. Slide 2: Disclaimer

    Disclaimer Important Notices Nature of this document: The purpose of this presentation is to provide general information about Gold Road Resources Limited (the ‘Company’). Unless otherwise stated herein, the information in this presentation is based on the Company’s own information and estimates. In

  3. Slide 3: Who is Gold Road Resources?

    Who is Gold Road Resources? Our Assets  ~5,000 km2 prospective exploration tenements on the Yamarna Greenstone Belt  50:50 Exploration JV with Sumitomo5 over South Yamarna project (SYJV)  JORC Resources of >6.6 Moz Au1 …… across four deposits and growing  JORC Ore Reserve of 3.2 Moz Au2  12 yea

  4. Slide 4: Corporate Summary

    Corporate Summary Share price performance Gold Road Board NT Agreement Gruyere Resource & Mining Lease Gruyere Maiden Tim Netscher Non‐exec Chairman 5.6Moz Resource – 3.8Moz Gruyere PFS & Gruyere Maiden Reserve Ian Murray CEO and Managing Director Scoping Study YAM14/Gruyere Auger & RAB Justin Osbor

  5. Slide 5: Gold Road Vision - Five years and beyond

    Gold Road Vision – Five years and beyond  Gruyere Operation o >= 300,000 oz pa through Gruyere plant o > 15 year production profile o AIC < A$1,000/oz / Margin > 80%  Dividend payer  2nd project being developed (>1 Moz)  Building up to >500,000 oz pa across Yamarna  Replicating our exploration

  6. Slide 6: A Unique Global Investment Proposition

    A Unique Global Investment Proposition 12 Year Gold Project & World Class Greenfields Exploration Project Gruyere Gold Project – Long Life, Low Cost Yamarna Belt – A New Gold District  12 year project life at 265,000 ounces per year  ~5,000 km2 tenement holding in prolific Yilgarn Craton  LOM AIS

  7. Slide 7: Gruyere Gold Project Update

    Gruyere Gold Project Update Feasibility 3D design for Gruyere Gold Plant 7

  8. Slide 8: Gruyere Feasibility Study Status

    Gruyere Feasibility Study Status Geotechnical and Resource  Technical works complete Sensitivity Study  Improved geotechnical design parameters available  Assessing power solution tenders: Gas vs Diesel  Assessing options to secure long lead items Potential to extend FS pit design shell  Capex

  9. Slide 9: Permitting and Approvals

    Permitting and Approvals  Native Title Mining Agreement signed with Yilka 3 May 2016  Mining Lease Application M38/1267 approved 5 May 2016  Yilka determined as Native Title holders June 2016  Gas pipeline, roads and borefields ‐ under Miscellaneous License Applications  Environmental Permit to

  10. Slide 10: Improving Value - Mining Upside

    Improving Value – Mining Upside  Geotechnical study updated (>3,000m drilling)  Improved geotechnical design parameters available  Overall Pit Slopes steepen by 3‐5 degrees  Potential to drive a deeper pit – increase contained resource  Potential for steeper walls ‐ reduce strip ratios 10

  11. Slide 11: PFS Production & EBITDA Profile

    PFS Production & EBITDA Profile Annual Gold Production – Gruyere PFS Annual EBITDA vs AISC – Gruyere PFS 2,000 300,000 1,800 350 koz 1.50 g/t 250,000 5 Year Target 1.40 g/t 300 koz 1,600 1.30 g/t 5 Year Target 200,000 EBITDA A$'000 250 koz 1.20 g/t 1,400 AISC A$ 1.10 g/t 200 koz 150,000 1,200 1.00 g

  12. Slide 12: Gruyere Underground Potential

    Gruyere Underground Potential Diamond hole 16GY0330 in progress Targeting Thick High Grade >150 g x m Au ~150 m South of 15GY0107 Potential UG concept requires coherent higher grade 500m x 500m x 140m x 1.5 g/t Au +150 g x m* shoot * horizontal grade x thickness of model 12

  13. Slide 13: How does Gruyere compare?

    How does Gruyere compare?  Deposits of this scale found in the Yilgarn are very rare! Tropicana – 2006  Greenfields discoveries in the Yilgarn in last 10 years: Greenfields* Gruyere potential with underground Gruyere – 2013 o Gruyere (Gold Road): 6.2 Moz discovered in 2013 Greenfields Westralia Co

  14. Slide 14: Funding Update & Strategic Alternatives

    Funding Update & Strategic Alternatives  Traditional Debt Stages 1 & 2 o PCF Capital engaged to run Project Finance stream Stage 3 Stage 4 o Domestic and International banks interested – shortlisted o Banks highly engaged ‐ Project can carry significant debt o Anticipate final bank group of 4‐5 ban

  15. Slide 15: Yamarna Belt

    Yamarna Belt  The Pioneers  Targeting revisited Terra Drilling crew holding end-of-hole core from 1,702 metre deep EIS drill hole – which intersected Gruyere gold mineralisation over 1,100 metres below surface 15

  16. Slide 16: Gold Road Pioneers

    Gold Road Pioneers  Pre 2007 – Russell Davis: o Yamarna Belt vision o Attila – Alaric discovered o Consolidated the belt for 2006 IPO 16

  17. Slide 17: Gold Road Pioneers

    Gold Road Pioneers  Pre 2007 – Russell Davis: o Yamarna Belt vision o Attila – Alaric discovered o Consolidated the belt for 2006 IPO  2007 to 2013 – Ziggy Lubieniecki: o Central Bore discovered o Regional targeting program completed – 10 Camp Scale Targets identified o Sumitomo JV achieved o Gruy

  18. Slide 18: Gold Road Pioneers

    Gold Road Pioneers  Pre 2007 – Russell Davis: o Yamarna Belt vision o Attila – Alaric discovered o Consolidated the belt for 2006 IPO  2007 to 2013 – Ziggy Lubieniecki: o Central Bore discovered o Regional targeting program completed – 10 Camp Scale Targets identified o Sumitomo JV achieved o Gruy

  19. Slide 19: Gold Camps - Kalgoorlie vs Laverton vs Yamarna

    Gold Camps– Kalgoorlie vs Laverton vs Yamarna 6.2 Moz in 2.5 yrs 19

  20. Slide 20: Unlocking the Potential

    Unlocking the Potential Making Discoveries on Camp Scale Targets  A gold camp is a coherent geological system hosting multiple gold deposits relating to a similar gold‐bearing event.  Individual deposits might display great variation in structure, size, style, host rock geology  Focus Exploration

  21. Slide 21: Near Mine Exploration

    Near Mine Exploration  Higher‐grade supplementary ore to increase FS forecast production to 300koz pa 21

  22. Slide 22: Gruyere Mill feed

    Gruyere Mill feed 50km Radius 25km Radius 50km 25km Radius Radius YAM14 Inc 13m @ 3.0g/t and 12m @ 1.8g/t 22

  23. Slide 23: South Dorothy Hills #1

    South Dorothy Hills #1 Gruyere Gold Plant site  Targeting discoveries to supplement Gruyere Project  Diamond drilling at YAM14 identified discrete shear zone o Resource potential within 8km of Gruyere Gold Plant o Shallow supergene pit with higher‐grade UG potential YAM14 to Gruyere  Diamond dril

  24. Slide 24: YAM14 - Targeting supplementary feed

    YAM14 – Targeting supplementary feed XS 6,895,400m N  YAM14 was discovered with Gruyere in October 2013. It has received minimal exploration since  Diamond drilling in 2016 intersected discrete shear hosted mineralisation below previous supergene zones  Combination of relatively shallow supergene

  25. Slide 25: Regional Exploration

    Regional Exploration  Searching for World Class Deposits – to build > 500koz pa 25

  26. Slide 26: Exploration Success in FY2017

    Exploration Success in FY2017 Discovering >1moz targets  Wanderrie (#4) o One defined resource position on a Supergroup Prospect o Positive bedrock drilling on at least 5 other targets o Identified at least 10 additional targets  Corkwood (#3) o Discovery made on Washburn and/or Ibanez o At least

  27. Slide 27: A Unique Global Investment Proposition

    A Unique Global Investment Proposition 12 Year Gold Project & World Class Greenfields Exploration Project Gruyere Gold Project – Long Life, Low Cost Yamarna Belt – A New Gold District  12 year project life at 265,000 ounces per year  ~5,000 km2 tenement holding in prolific Yilgarn Craton  LOM AIS

  28. Slide 28: Who is going to join us on our journey?

    Who is going to join us on our journey? We are currently recruiting ….  Project Manager (Exploration) – North Yamarna  2 x Project Exploration Geologists – North Yamarna  Mine Geology Superintendent  IT Manager  Processing Manager  Maintenance and Reliability Superintendent  Construction Mana

  29. Slide 29: Through Passion To Production

    THROUGH PASSION TO PRODUCTION 29

  30. Slide 30: Appendices 1 to 3

    Appendices 1 to 3  Competent Persons Statement  Mineral Resource Statement  Ore Reserve Statement 30

  31. Slide 31: Appendix 1: Competent Person Statement

    Appendix 1: Competent Person Statement The information in this report which relates to Exploration Results is based on information compiled by Mr Justin Osborne. The information in this report that relates to the Mineral Resource Estimation for Gruyere is based on information compiled by Mr Justin O

  32. Slide 32: Appendix 2: Mineral Resource Table

    Appendix 2: Mineral Resource Table Tonnes Grade Contained Metal Project Name (Mt) (g/t Au) (Moz Au) Gruyere1 (2016) (0.5 g/t) 147.71 1.30 6.16 Measured 13.86 1.18 0.53 NOTES: 1. Gruyere Mineral Resource reported to JORC 2012 Indicated 91.12 1.29 3.79 standards, at 0.5 g/t Au cut‐off (refer ASX annou

  33. Slide 33: Appendix 3: Gruyere Ore Reserve Table

    Appendix 3: Gruyere Ore Reserve Table NOTES: Tonnes Grade Contained Metal 1. The Ore Reserve conforms with and uses JORC 2012 Ore Reserve Category definitions (refer to ASX announcement dated 8 (Mt) (g/t Au) (Moz Au) February 2016) Proved 1.6 1.32 0.07 2. The Ore Reserve is evaluated using a gold pr

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