West African Resources Ltd · ASX:WAF
West African Resources — Investor Presentation (February 2014)
25 slides from West African Resources's investor presentation, Feb 7, 2014
Slide 1: Investor Presentation
For personal use only Investor Presentation 7 February 2014
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only ASX and TSXV listed, Code: WAF Completed acquisition of Channel Resources Ltd (TSXV) 17th January 2014 Aggressive discoverer leveraged to both gold and copper Fast-tracking low cost heap leach gold project at Mankarga 5 (0.4Moz Gold Indicated, 0.6 Moz Gold
Slide 3: The Company Capital Structure & Board
THE COMPANY CAPITAL STRUCTURE & BOARD For personal use only A S X , T S X V : WA F Francis Harper 247.2M To t a l O r d i n a r y S h a r e s o n I s s u e : Chairman L i s t e d w a r r a n t s T S X V V.WA F.W T 4 0 c , 14.9M Exp. 2017: Richard Hyde To t a l O p t i o n s o n i s s u e ( 2 5 c - $
Slide 4: Boulsa Project
BOULSA PROJECT For personal use only Over 25 contiguous permits, 100%-owned covering >6,000km2 200km strike of greenstone belts Near-surface oxide gold mineralisation Tanlouka and Moktedu gold projects – near term heap leach potential Mankarga 5 Resource (0.4Moz Gold Indicated, 0.6 Moz Gold Inferred
Slide 5: Large-scale land position over highly prospective terrain
Large-scale land position over highly prospective terrain For personal use only
Slide 6: Mankarga Deposit
MANKARGA 5 DEPOSIT For personal use only Total Indicated and Inferred Resources at 0.5g/t Au cut-off: 11.5Mt Indicated Resource at 1.06g/t Au (0.40Moz Au) 19.3Mt Inferred Resource at 0.97g/t Au (0.60Moz Au) Total Indicated and Inferred Resources at 1.0g/t Au cut-off: 5.1Mt Indicated Resource at 1.49
Slide 7: Mankarga Deposit
MANKARGA 5 DEPOSIT For personal use only Low indicative strip for potential heap leach project (between 2 -3 to 1) Excellent upside – first pass resource, only 22,000m drilling, 80m average drill depth, parallel zones, open at depth and along strike, untested targets High-grade zones needing follow-
Slide 8: Work Program
WORK For personal use only PROGRAM 7,500m of drilling program Q1 2014 -5,000 shallow RC drilling at Mankarga and Moktedu oxide -2,100m diamond core targeting high grade shoots at Mankarga 5 -400m metallurgical diamond core program
Slide 9: Exceptional grades and simple metallurgy
Exceptional grades and simple metallurgy For personal use only
Slide 10: Consolidation of prospective land position
Consolidation of prospective land position For personal use only
Slide 11: Moktedu only 10km north of Tanlouka
MOKTEDU ONLY10KM NORTH OF TANLOUKA For personal use only 10km coincident auger and magnetic target, wide-spaced shallow drilling to date High grade near-surface results including: 8m at 31.67g/t Au from 12m 8m at 10.67g/t Au from 12m 5m at 11.66g/t Au from 28m Goudré permit adjacent to Tanlouka & Mo
Slide 12: Sartenga Copper-Gold Discovery
SARTENGA COPPER-GOLD DISCOVERY For personal use only Major initial Copper-Gold-Molybdenum-Silver Mineral Resource within 12 months of discovery 174,000t copper, 651,000oz gold, 11,000t of molybdenum and 2.5Moz silver Sartenga Inferred Resource 70Mt at 0.25% copper, 0.30 g/t gold, 166 g/t molybdenum
Slide 13: Sartenga
SARTENGA For personal use only Excellent preliminary metallurgical results Dominant sulphide is Bornite – 64 wt % Cu, potential to create high-grade copper concentrate Excellent preliminary metallurgical results, +95% flotation recoveries for both copper and gold at coarse primary grind Soft primary
Slide 14: Sartenga drill intercepts
NE0100 SDHO37 - 117m at 0.8% Cueq*(0.5Au, 0.2Cu, 350Mo, 1Ag) SDHO018 - 59m at 0.9% Cueqg*(0.6Au, 0.3Cu, 298Mo, 1.3Ag) SAC0932 - 8m at 1.1% Cueq*(0.1Au, 0.9Cu, 58Mo, 2.3Ag) ‘1-swo100 we SDHO38 - 69m at 0.7g/t Au, 0.4% Cu, 132g/t Mo & 1.4g/t Ag from 11m | Incl- 33m at 1.3% Cueqg*(0.8Au, 0.5Cu, 283Mo,
Slide 15: Massive Widths in Primary +400m
For personal use only Massive Widths in Primary +400m
Slide 16: Near Term Strategy
Near Term Strategy For personal use only Achieve short-term Exploration Target of 8 - 10Mt at 1.2 - 1.4g/t Au (300-450Koz) in oxide and transitional material from Tanlouka and Moktedu 7,500m of drilling program Q1 2014 - 5,000 shallow RC drilling at Mankarga and Moktedu oxide - 2,100m diamond core t
Slide 17: Summary
SUMMARY For personal use only WAF represents a well managed gold and copper-gold resource company Leverage to both gold and copper markets Fast-tracking low CAPEX gold production at Tanlouka and Moktedu Sartenga – large-scale copper-gold growth project reduced work program 2014 Company-owned fleet o
Slide 18: West African Resources Ltd
WEST AFRICAN RESOURCES LTD www.westafricanresources.com ACN 121 539 375 For personal use only Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887
Slide 19: Sartenga Mineral Resource
Appendix For personal use only Sartenga Mineral Resource The maiden Inferred Mineral Resource estimate for Sartenga contains 174,000 tonnes of copper, 651,000 ounces of gold, 11,000 tonnes of molybdenum and 2.5 million ounces of silver (Table 1). The maiden Inferred Mineral Resource, independently c
Slide 20: Sartenga Target Mineralisation
Appendix For personal use only Sartenga Target Mineralisation Potential tonnes and grade are conceptual in nature and there is insufficient exploration data to estimate a Mineral Resource at this stage and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Slide 21: Mankarga Mineral Resource
Appendix For personal use only Mankarga 5 Mineral Resource Mineral resources are classified in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves. The mineral resource estimate has an effective date of July 4, 2012. Jeffrey K. Smith, P.Geo, an AMEC employee is th
Slide 22: Mankarga and Moktedu Oxide-Transition Target Mineralisation
Appendix For personal use only Mankarga 5 and Moktedu Oxide-Transition Target Mineralisation Potential tonnes and grade are conceptual in nature and there is insufficient exploration data to estimate a Mineral Resource at this stage and it is uncertain if further exploration will result in the estim
Slide 23: Gallery
GALLERY WAF-owned Beretta rig For personal use only Diamond drilling with WAF-owned drill rig RC chips Camp at Sartenga Artisanal mining on Boulsa project
Slide 24: Disclaimer and JORC Notice
DISCLAIMER AND JORC NOTICE For personal use only This presentation has been prepared by West African Resources Ltd. Summary of information: This presentation contains general and background information about West African Resources Ltd’s activities current as at the date of the presentation and shoul
Slide 25: Qualifying Statements
Qualifying Statements For personal use only The information in this presentation that relates to Exploration Targets, and Exploration Results, Mineral Resources or Ore Reserves for the Boulsa Project is based on, and fairly represents, information and supporting documentation prepared by Mr Richard
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