Amara Minerals Limited · ASX:AM3
Amara Minerals — Adelong Gold — Corporate Update (April 2020)
15 slides from Amara Minerals's corporate update, Apr 16, 2020
Slide 1: Adelong Gold Project Presentation
Adelong Gold Project Presentation April 2020
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by the 3D Resources (“Issuer”)for the sole purpose of providing an overview of its Adelong Gold Project to recipients (“Recipient”). This presentation and its contents are provided to the Recipient in confidence and may not be reproduced or disclosed in
Slide 3: Adelong Gold Project - Background
Adelong Gold Project - Background • Historical gold production of over 800,000 ozs. • Pre-IPO shareholder invested $10M for 40% in late 2016 on a valuation of $40M. • Commenced production in 2017. • Failed IPO/inadequate funding ultimately led to Receivership in March 2018
Slide 4: Acquisition terms
Acquisition terms • Total acquisition cost of $1.410M. • Option fee & deposit $150K (paid). • First payment due early May $500k. • Final payment due 30 June $760K. • 3D Resources to top up mining bonds approx. $200k
Slide 5: Outstanding opportunity to acquire a near term gold producer
• Outstanding opportunity to acquire a near term gold producer for a fraction of the costs. • Company gets the following assets: • Environmental bonds secured by cash lodged with NSW govt. $410k • 17 freehold properties NSW approx. $200k • Plant & equipment that cost over $7Million but with a writte
Slide 6: Project Summary
Project Summary • Historical production of over 800,000 ozs gold. • Over 36,000 metres of drilling • JORC Resource 127,000 ozs gold • Over 12 lines of reefs have been identified associated with shear zones in granodiorites. • 3 major historical producers with >100,000ozs of very high grade ores– • “
Slide 7: Project History
Project History • Mining of the hard rock resources mainly occurred between 1857 - 1916 and focused on the very high grade components with : The Victoria Line Average Grade 56g/tAu Challenger Line Average Grade 87g/tAu Gibraltar Group Average Grade 34g/tAu • The resources at Challenger were kn
Slide 8: JORC and Resources Modelling
JORC and Resources Modelling • In 2018, the then Competent Person undertook a re- assessment of the Challenger deposit with better definition of the ore shoots. • The reassessment showed that the JORC resource incorporated substantial waste, therefore with selective mining gold could be mined at a m
Slide 9: Longitudinal section of gold mineralisation in the Challenger Mine
This longitudinal section shows the distribution of gold mineralisation in the Challenger Mine. Currently the decline has provided access to the 1380mLevel as shown on this section. Most of the high grade ores lie immediately below this level and will The above diagram shows the distribution of requ
Slide 10: Additional Potential
Additional Potential • The Adelong Project has had over 36,000m of drilling • More than 90% of the drilling has been on the Challenger line of reefs. • There have been some very significant historical drilling results (non- JORC) that the company expects to confirm • With some additional drilling 3D
Slide 11: Adelong Goldfield and the Gilmore Suture
Adelong Goldfield forms part of a much larger structural feature known as the Gilmore Suture. This major fault zone can be traced for several hundred kilometres and is associated with a number of significant gold deposits over at least 200km of this structure. In the Adelong area the shear zone bifu
Slide 12: Plant and equipment included in the acquisition
The acquisition includes all the plant and equipment from the past operation. Currently the plant is designed to produce a gravity concentrate and a flotation concentrate that can be cyanided. Various studies have shown the plant will require upgrading and reconfiguring to operate efficiently. 3D Re
Slide 13: Development Options
Development Options 3D Resources plans to undertake a program over the next 12 months to fully assess and prepare the project for development with all necessary government approvals. Development options to be considered are: • Continue exploration activity to expand Resources • Truck ore to an avail
Slide 14: Next steps
Next steps • Shareholders meeting 21 April to approve acquisition. • Capital raising to complete the acquisition and provide working capital. • Build management team. • Evaluate development options • Seek approvals to enable commencement of the development on the best commercial basis.
Slide 15: Competent Person
Competent Person Information in this “ASX Announcement” contains a summary of resource estimates published and released in an announcement by 3D Resources Ltd on 31 January 2020 with full disclosure of the JORC Table 1. Mr Peter Mitchell has also summarised the exploration results and geological dat