Great Western Exploration Limited · ASX:GTE
Great Western Exploration — Investor Presentation (May 2019)
12 slides from Great Western Exploration's investor presentation, May 21, 2019
Slide 1: Rights Issue
RIGHTS ISSUE May 2019 MAKING DISCOVERIES IN THE NORTHERN YILGARN GREATWESTERNEXPLORATION.COM.AU ASX:GTE
Slide 2: Disclaimer
DISCLAIMER - This presentation has been prepared by Great Western Exploration Ltd (“GTE” 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 invitation with respect to those securi
Slide 3: Key Terms of Offer
KEY TERMS OF OFFER NON-RENOUNCEABLE RIGHTS ISSUE ▪ One (1) fully paid share for every five (5) shares held at issue price of $0.004, to raise up to $772,159 ▪ Together with one (1) free attaching option for each share subscribed for exercisable at $0.01, expiring 30 June 2021 ▪ Firm commitments from
Slide 4: Key Terms of Offer: Timetable
KEY TERMS OF OFFER TIMETABLE EVENT DATE Lodgement of Prospectus with the ASIC Wednesday, 22 May 2019 Lodgement of Prospectus & Appendix 3B with ASX Wednesday, 22 May 2019 Notice to Shareholders Friday, 24 May 2019 Ex date Monday, 27 May 2019 Record Date for determining Entitlements Tuesday, 28 May 2
Slide 5: Northern Yilgarn Focus
NORTHERN YILGARN FOCUS Exploring the northern margin of the Yilgarn Craton for base and precious metals Highlights of Northern Yilgarn region • The North Yilgarn region features World Class gold deposits with over 20 million ounce gold production (Jundee, Wiluna, Plutonic, Marymia, Bronzewing) • Eme
Slide 6: Yandal West
YANDAL WEST ▪ Highly prospective tenure located on the western side of the world class Yandal Gold Belt; 60km south of the Jundee (10Moz) gold deposit and 55km north of Bronzewing (3Moz). ▪ Limited historical exploration ▪ 9km long gold trend ▪ Open, high-grade, Jundee style gold mineralisation at I
Slide 7: Yandal West: Ives Find
YANDAL WEST: IVES FIND ▪ Recent exploration review has provided a compelling drill target testing for high-grade gold mineralisation at depth ▪ Gold interpreted to increase down dip towards a feeder zone at depth, testing below: ▪ 3m @ 52.8 g/t Au from 34m ▪ 4m @ 9.03 g/t Au from 38m ▪ 2m @ 13.25 g/
Slide 8: Yerrida: A New Vanadium District?
YERRIDA: A NEW VANADIUM DISTRICT? ▪ New potential vanadium district approximately 1,800 km2 in area ▪ Wide spread vanadium mineralisation associated with gossan outcrops that includes high-grade Vanadium up to 1.6% V205 ▪ 27 vanadium gossan targets identified to date with further areas to be assesse
Slide 9: Lake Way Potash
LAKE WAY POTASH ▪ Located adjacent and downstream of Salt Lake Potash Ltd’s (ASX:SO4) high-grade Lake Way SOP project ▪ Prospective for Potash and Lithium Brine ▪ 1 Tenement granted, 2 tenements pending ▪ Native Title Agreements being negotiated GREATWESTERNEXPLORATION.COM.AU PG 9
Slide 10: Next Steps
NEXT STEPS: Yandal West ▪ High impact targeted drill programme to test high- grade, Jundee style gold at depth at Ives Find ▪ Drilling success would provide potential for a major new gold discovery. ▪ Drilling estimated to commence in late May with assays expected mid July. Yerrida ▪ Vanadium sulphi
Slide 11: Board and Management
BOARD AND MANAGEMENT Kevin Somes – Non-Executive Chairman Kevin is a Chartered Accountant (FCA) of 50 years and a founding partner of SomesCooke Chartered Accountants which specialised in auditing and advising mining and exploration companies. Kevin’s career includes numerous business ventures spann
Slide 12: Appendix 1: Competent Persons Statement
APPENDIX 1: COMPETENT PERSONS STATEMENT The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Jordan Luckett who is a member of the Australian Institute of Mining and Metallurgy. Mr Luckett is an employee of Great
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