West African Resources Ltd · ASX:WAF
West African Resources — Africa Down Under Conference 2013
22 slides from West African Resources's conference presentation, Aug 30, 2013
Slide 1: Africa Down Under Conference 2013
For personal use only Africa Down Under Conference 2013 Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
DISCLAIMER AND JORC NOTICE For personal use only This presentation has been prepared by West African Resources Limited (‘WAF’ or the ‘Company’). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or in
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Largest ASX-listed landholder in Burkina Faso Aggressive discoverer leveraged to both Copper and Gold Large scale copper-gold growth project at Sartenga Fast-tracking low CAPEX heap leach gold production through consolidation of Boulsa and Tanlouka (CHU.TS
Slide 4: The Company Capital Structure & Board
THE COMPANY CAPITAL STRUCTURE & BOARD 28 August 2013 For personal use only 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 # ： 216.1M Board Channel Resources Acquisition: 29.6M Francis Harper Chairman D i r e c t o r & M a n a g e m e n t O p t i o n s ： 11.1M Richard Hyde Number of shareholders：
Slide 5: Boulsa Project
BOULSA PROJECT For personal use only Over 30 contiguous permits, 100%-owned covering >6,000km2 200km strike of greenstone belts Extensive gold-copper mineralisation in supergene and primary zone at Sartenga Discovery 174Kt Cu and 0.7Moz Au Initial Inferred Resource Near-surface oxide gold mineralisa
Slide 6: Large-scale land position over highly prospective terrain
Large-scale land position over highly prospective terrain For personal use only
Slide 7: Channel Resources Acquisition
Channel Resources Acquisition For personal use only Channel Resources Ltd TSX-V (CHU) listed focussed gold exploration company, WAF’s neighbour in Burkina Faso Consolidates adjacent near surface gold targets at WAF’s Moktedu and CHU’s Tanlouka Project (1Moz at 1g/t, incl. 0.54Moz at 1.6g/t, Initial
Slide 8: Channel Resources Transaction
Channel Resources Transaction For personal use only Cost-effective all scrip transaction (Plan of Arrangement) – 1 for 4 ratio, 29.6m new WAF shares (13.2% dilution to WAF shareholders) 100% premium at 4c, CHU values at $4.8M Binding agreement for $1.5m placement (5c) in CHU for 19.9% interest 8% of
Slide 9: About Channel Resources
About Channel Resources For personal use only Indicated and Inferred Resources (NI 43-101 ) at Mankarga 5 Prospect of: 30.8Mt at 1.0g/t Au for 1.0Moz Au (0.5g/t Au cut-off) - includes 10.8Mt at 1.6g/t Au for 0.54Moz Au (1.0g/t Au cut-off) Inferred and Indicated Oxide Resources of: 6.3Mt at 1.0g/t Au
Slide 10: WAF's Moktedu only 10km north of Tanlouka
WAF’s Moktedu only 10km north of Tanlouka For personal use only No drilling since 2012, 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 -
Slide 11: Consolidation of prospective land position
Consolidation of prospective land position For personal use only
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 Sartenga molybdenum and 2.5Moz silver Inferred Resource 70Mt at 0.25% copper, 0.30 g/t gold, 166 g/t molybdenum
Slide 13: Sartenga: Excellent preliminary metallurgical results
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: High Grade Core +800m
For personal use only High Grade Core +800m
Slide 15: Massive Widths in Primary +400m
For personal use only Massive Widths in Primary +400m
Slide 16: For personal use only
New Near surface 8km oxide gold zone 4km south of Sartenga targets Discovery For personal use only
Slide 17: Near-Term Strategy 2013
Near - Term Strategy 2013 For personal use only Keep diamond drilling Sartenga – 174Kt Cu and 0.7Moz Au Initial Inferred Resource – huge upside, low-strip ratio, excellent metallurgy, nearby infrastructure, focus on grade and width, follow-up new gold zone, resource upgrade by year end (Q4) Achieve
Slide 18: Summary
SUMMARY For personal use only WAF represents and well managed gold and copper-gold resource company Leverage to both copper and gold markets Fast-tracking low CAPEX gold production at Moktedu and Tanlouka Sartenga – existing large-scale copper-gold growth project Company-owned fleet of 7 rigs provid
Slide 19: 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 20: 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 21: Sartenga Target Mineralisation
Appendix For personal use only Sartenga Target Mineralisation Table 2 Target Mineralisation June 2013 Tonnage (Mt) Grade Contained Metal Metal From To Unit From To Unit From To Copper 170 250 % 0.2 0.4 Kt 340 1000 Gold 170 250 (g/t) 0.2 0.4 Moz 1.1 3.2 Molybdenum 170 250 (g/t) 160 240 Kt 27 60 Silve
Slide 22: 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
West African Resources — Africa Down Under Conference 2013 on 6ix