Ark Mines Ltd · ASX:AHK
Ark Mines — Investor Presentation (September 2016)
22 slides from Ark Mines's investor presentation, Sep 15, 2016
Slide 1: Mining the Territory
For personal use only MINING THE TERRITORY ASX CODE: AHK www.arkmines.com.au
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been provided by Ark Mines Ltd and other sources identified herein. The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Ark Mines Ltd shares. The informa
Slide 3: Company overview
For personal use only 2011 listing on the Australian Securities Exchange ASX code - AHK Emerging junior gold producer Mining Leases in Northern Territory (Mt. Porter and Glencoe) Exploration Leases in N.T & N.S.W, Australia Planning for gold production November 2016 Headquartered in CB
Slide 4: Northern Territory, Australia 100% owned by AHK
Northern Territory, Australia 100% owned by AHK For personal use only Mount Porter/Pine Creek Mining Licence 22839 and ELR116 34,200 Au ounces JORC 2004 In production Q4 2016 23-25,000 poured ozs Mt Porter North Mt Porter South Golden Honcho 2 exploration licenses and 7 mining prospe
Slide 5: Northern Territory tenement map
For personal use only , ARAFURA SEA NORTHERN TERRITORY Adelaide River [HB Tenements held by Arafura Resources to which Ark Mines is farming into. (= Tenements held by Territory Resources lie with Arafura Resources into which Ark Mines is farming into. —— Highway Main road (55) National Park
Slide 6: Infrastructure near Union Reef plant
For personal use only Located 15km from the Union reef plant Haul road extends to the Mill from Mt Porter Mine worker accommodation in Pine Creek 6
Slide 7: Mt Porter mining lease and metallurgy
Mt Porter Mining Lease 22389 is in good standing For personal use only Extensive and independent metallurgical testing completed Metallurgical test work - oxide gold recoveries – circa 92% Metallurgical test work - sulphide gold recoveries – circa 73% Mt Porter optimisation Supports cash
Slide 8: Mount Porter Mine Back Fill Plan
Mount Porter Mine Back Fill Plan Soil Layer: i, > NAF Tonsol 0.2m thie, Cross Section 10435m North MINES lightly compacted with) final surface shaped t match original topography. Erosion Control Surface: Cap Layer: 550m D-2mnkeyehoxeeNAr oxide NAF material, © minimum 2m thickness ta reduce erosion.
Slide 9: Mt Porter exploration history
For personal use only • Mt Porter discovered 1987 and has undergone sporadic light exploration until 2006, with little work carried out away from the initial discovery target. • Mt Porter has never been mined. • The Mt Porter tenement pack represents near virgin ground in an ideal structural and lit
Slide 10: Mt Porter drilling map
For personal use only Mt Porter North Mt Porter Mt Porter South Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 Report No 1996/24 10
Slide 11: For personal use only
For personal use only Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter 11 For the period 12/9/95 to 12/9/96 Report No 1996/24
Slide 12: Mt Porter South potential
For personal use only Modest grades between 1 and 2 g/t Au Long strike length Mineralised zone daylights Good recovery potential in oxide zone Drill spacing averages 50m x 50m: Significant opportunity to improve definition and define a resource. Using only the main west lode polygonal length weighte
Slide 13: For personal use only
For personal use only Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 13 Report No 1996/24
Slide 14: Mt Porter North
For personal use only Good grades in structurally consistent sections, but poor drill targeting and wide spaced reconnaissance drilling at 50m x 50m has failed to delineate the orebody. Mt Porter North is open at depth and along strike with potential for a modest sized high grade orebody at surface
Slide 15: Golden Honcho exploration licences
For personal use only Exploration License's 10137 & 23237 in good standing Seven (7) highly prospective gold exposed reefs in a 2.5km zone amenable to simple, low cost, open pit mining and further underground expansion Over 2.4km of strike length – only 390m (16.25%) drilled Recent mapping a
Slide 16: Golden Honcho drill intersections
For personal use only Oxide zone between 40m and 50m High Grade OP and underground Mining potential Low cost development – Short Adit entry 45 AHK & ARU holes have intersected gold Current strike length circa. 2400m 51 intersections >1m over 5g/t including: (refer to AHK ASX announcement
Slide 17: Golden Honcho cross sections
EAST Sandstone Host Rock NORTHERN TERRITORY Mt Porter Project GOLDEN HONCHO PROSPECT Cross section 8 493 725 N looking north / GDA 94 ARK, ES. 200 RL 190 RL 180 RL 270RL 160 RL 150RL 140 RL 130 AL WEST. EAST i R NES.. f GOLDEN HONCHO PROSPECT Sandstone Host Rock NORTHERN TERRITORY Mt Porter Project
Slide 18: Best AHK and Arafura intersections
For personal use only • Best 2015 AHK intersections : – Best 2004 Arafura (ARU) intersections : • 5m @ 19.11g/t Au; – 3m @ 13.41 g/t Au, including 1m @ • 4m @ 47.54g/t Au; 30.8 g/t Au; • 2m @ 10.07g/t Au; – 2m @ 12.9g/t Au, including 1m @14.5 • 2m @ 13.29g/t Au; g/t Au; • 2m@ 11.61g/t Au; – 2m @ 6.6
Slide 19: Mapping and rock chip sampling targets
For personal use only Recent mapping and rock chip sampling has opened up a number of new drill targets as well as extending existing high grade gold veins 19
Slide 20: Glencoe resource and metallurgy
For personal use only 704,000 tonnes @1.9g/t Au with 253,000 tonnes @2.2 g/t Au oxide and 451,000 tonnes @ 1.7 g/t Au Fresh, this mineral resource estimate complies with recommendations in the Australasian Code for Reporting of Mineral Resources and Ore Reserves (2004) by the Joint Ore Reserves Co
Slide 21: Opportunity summary
For personal use only • Upon receiving the Mt Porter mine approval, Ark has an opportunity to commence mining and become the first Gold Mining operator to be granted a permit since 2014 • More importantly, Ark has the opportunity to replicate the Mt Porter model with a better insight into understand
Slide 22: ASX code AHK
For personal use only ASX CODE: AHK www.arkmines.com.au