West African Resources Ltd · ASX:WAF
West African Resources — Merger or Acquisition (August 2013)
15 slides from West African Resources's merger presentation, Aug 14, 2013
Slide 1: Acquisition of Channel Resources Ltd
For personal use only West African Resources Ltd Acquisition of Channel Resources Ltd August 2013 Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
DISCLAIMER AND For personal use only JORC NOTICE Competent Person’s Statement Information in this announcement that relates to exploration results is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy. Mr Hyde has suffic
Slide 3: Investment Highlights
INVESTMENTHIGHLIGHTS For personal use only WAF to acquire neighbour TSX.V listed Channel Resources Ltd. (CHU) Leverage to copper and gold Fast-track low capex oxide-gold production opportunity Sartenga – existing large-scale copper-gold growth project Company-owned fleet of 7 rigs providing cost-eff
Slide 4: Channel Acquisition Highlights
Channel Acquisition HIGHLIGHTS For personal use only Consolidates neighbouring near surface high-grade gold targets at WAF’s Moktedu and CHU’s Tanlouka Project (1Moz at 1g/t, incl. 0.54Moz at 1.6g/t, Initial Inferred and Indicated Resources – NI 43-101) Potential to advance targets rapidly using WAF
Slide 5: Channel Acquisition – Key Points
Channel Acquisition – Key Points For personal use only 1 WAF for 4 CHU, plus 1 for 2 40c option to CHU shareholders (3yr exp.) WAF last closing price 16c, paying 100% premium for CHU at 4c, valued at $4.8M Binding agreement for $1.5m placement (5c) in CHU for 19.9% interest 8% of management shares i
Slide 6: About Channel Resources
About Channel Resources For personal use only WAF’s neighbour in Burkina Faso – 90% owner of 116km2 Tanlouka Gold Project borders Boulsa Project, located less than 10km from Moktedu Prospect Indicated and Inferred Resources at Mankarga 5 Prospect of: 30.8Mt at 1.0g/t Au for 1.0Moz Au (0.5g/t Au cut-
Slide 7: About Channel Resources
About Channel Resources For personal use only 95% and 90% recoveries for oxide and sulphide respectively in cyanide bottle roll test work – simple metallurgy Low indicative strip ratio (between 2 and 3 : 1) Excellent upside – only 150m average resource depth, parallel zones, open at depth and along
Slide 8: WAF's Moktedu
WAF’s MOKTEDU For personal use only only10kmnorthofTanlouka No drilling since 2012, 10km coincident auger and mag anomaly, wide-spaced shallow drilling 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 - 5m at 9.99g/t Au
Slide 9: Regional Project Setting
Regional Project Setting For personal use only Excellent land position over prospective Markoye Fault WAF discoveries including Sartenga, Sartenga Gold Moktedu, Meguet and large untested land- holding Consolidated land position at Moktedu- Tanlouka area
Slide 10: Highly Prospective Land Position
Highly Prospective Land Position For personal use only Mankarga 5 Resource High-grade Moktedu Discovery, Mankarga Targets, Tanwaka, Manesse, Goudre and more… Numerous targets within trucking distance Adjacent to Orezone’s 5.2Moz Bombore Project
Slide 11: 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, resource upgrade by year end (Q4), focus on grade and width, follow-up new gold zone 4km sout
Slide 12: Summary
SUMMARY For personal use only Fast-track low capex oxide-gold production opportunity Sartenga – existing large-scale copper-gold growth project Company-owned fleet of 7 rigs providing cost-effective exploration Hands on management with substantial West African experience Fully funded for aggressive
Slide 13: West African Resources Ltd
WEST AFRICAN RESOURCES LTD For personal use only www.westafricanresources.com ACN 121 539 375 Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887
Slide 14: 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 15: Mankarga Mineral Resource
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 the QP for
West African Resources — Merger or Acquisition (August 2013) on 6ix