West African Resources Ltd · ASX:WAF

West African Resources — Shareholder Meeting (November 2010)

15 slides from West African Resources's shareholder meeting presentation, Nov 29, 2010

  1. Slide 1: AGM Presentation

    For personal use only November 2010 AGM Presentation www.westafricanresources.com

  2. 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’ WAF or the ‘Company’) 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

  3. Slide 3: Investment Highlights

    Investment Highlights For personal use only 9 22 contiguous g p permits 4,750km , 2 over 150km strike of g greenstone,, further acquisitions in the pipeline 9 Extensive near‐surface near surface gold mineralisation in RC Drilling ‐ wide intercepts over significant strike extent 9 30km strike of auge

  4. Slide 4: Board and Senior Management

    Board and Senior Management For personal use only Board Francis Harper ‐ Chairman Merchant Banker, 25 yrs experience Richard Hyde – Managing Director Geologist, 15 yrs experience Stephen Ross ‐ Non‐Exec Director Geologist, 18 yrs experience Simon Storm – Non‐Exec Director Accountant, 25 yrs experien

  5. Slide 5: Capital Structure

    Capital Structure For personal use only West African Resources Capital Structure April 2010 Total Ordinary Shares on Issue 147.7M Director & Management Options 20c 29.5M Number of shareholders 675 Directors & Management Interest ~40% 40% Top 20 Shareholders 70% Cash $4.2M Market Capitalisation at $0

  6. Slide 6: Burkina Faso Facts

    Burkina Faso Facts For personal use only 9 Politically stable pro‐mining government 9 Investment friendly mining code (2003) 9 Expected to be the 4th largest African gold producer by 2011 9 4 new mines in production in past 2 years, 2 more to commence p production in 2010 9 Production of 750Koz 2010

  7. Slide 7: Burkina Faso Facts

    Burkina Faso Facts For personal use only 9Majors present: Iamgold, Semafo West African Gold Deposits by Country 9Successful Aussies present: Ampella, Gryphon Minerals Country % Greenstone Belt +1Moz Gold Deposits 9Ranked 6th best African country for Ghana 19 110Moz investment** Mali 10 33Moz Source:

  8. Slide 8: Boulsa Project - Major Land Position

    Boulsa Project ‐ Major Land Position For personal use only ƒ 22 contiguous permits, 100% owned by WAF covering 4750km2 ƒ Major country‐wide shear‐zone (Markoye Fault) ƒ Over 150km of greenstone belt ƒ Excellent structural setting for gold depos ts deposits ƒ Along strike from emerging 3.5Moz deposit

  9. Slide 9: Moktedu-Meguet Trend Targets

    Moktedu‐Meguet g Trend Targets g For personal use only ƒ 30km of defined auger anomalies 2009 2009‐1010 ƒ Infill on‐going with WAF rigs ƒ Over 25 targets ƒ Onlyl 3 RC ddrilled ill d

  10. Slide 10: Meguet - BSW Prospect - Stacked Zones

    Meguet g ‐ BSW Prospect p ‐ Stacked Zones For personal use only ƒ Defined by WAF July 2010 ƒ Peak of 2810ppb Au ƒ Multiple zones up to 2km strike +100ppb coincident with high grade rock chips ƒ 6 8k off cumulative 6‐8km l ti auger anomalies ƒ Significant artisanal mining i i ƒ Infill Auger and RAB d

  11. Slide 11: Meguet Prospect RC Results

    Meguet Prospect RC Results Extensive near‐surface gold! For personal use only 2009 RC Results ƒ 7m at 2.32g/t Au from 4m ƒ 1m at 9.43g/t Au from 15m ƒ 7m at 1.55g/t Au from 28m ƒ 8m at 2.52g/t Au from 37m ƒ 20m at 0.95g/t Au from 0m Nov 2010 RC Results ƒ 12m at 4.57g/t Au from 28m ƒ 52m at 0.60g/t A

  12. Slide 12: Prospect Summary

    Prospect p Summaryy For personal use only 30km strike Auger Anomalies Fatmatenga ƒ High‐grade gold in RC ƒ 8m at 10.37g/t Au from 56m incl 1m at 58.30g/t Au from 57m 57 ƒ 3m at 3.42g/t Au from 8m ƒ 6m at 3.14g/t Au from 17m Kalamtore: Kalamtore:‐ ƒ Active local mining ƒ Rock‐chips 9.48g/t Au, 2.66g/

  13. Slide 13: Major Land Position

    Major j Land Position For personal use only 150km Greenstone Strike ‐ 4,750km2 ƒ250km of shear zone in highly prospective greenstone belts for gold mineralisation ƒHigh‐quality structural targets ƒWest African largest ASX listed landholder in Burkina Faso ƒOnly 1.5km drill tested to 50m depth – 30km

  14. Slide 14: Work Completed Since IPO

    Work Completed Since IPO For personal use only ƒ Increased landholding by 2,750km2 to 4,750km2 ƒ Detailed Auger infill at BSW‐Meguet ‐ high tenor auger results ƒ Detailed RC logging and sampling ‐ high grade gold at Fatmatenga ƒ 20,000 line km detailed aeromag survey completed ƒ +3,000m RC program c

  15. Slide 15: West African Resources Ltd

    For personal use only WEST AFRICAN RESOURCES LTD ACN 121 539 375 LeveL 2, 23 Ventnor Ave W t Perth West P th WA 6005 T: +61 (8) 9481 7344 F: +61 (8) 9481 7355 E: info@westafricanresources.com

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