Gwr Group Limited · ASX:GWR

Gwr — Golden West Resources — Metal Bulletin - China Iron Ore 2013

27 slides from Gwr's conference presentation, Feb 28, 2013

  1. Slide 1: Metal Bulletin - China Iron Ore 2013

    Metal Bulletin - China Iron Ore 2013 Beijing China 26-28 February 2013

  2. Slide 2: Regulatory and Compliance

    Regulatory and Compliance Disclaimer This presentation contains reference to certain plans of Golden West Resources Limited which may or may not be achieved. The performance and operations of Golden West Resources Limited may be influenced by a number of factors, uncertainties and contingencies many

  3. Slide 3: Corporate Snapshot

    Corporate Snapshot Issued Securities Board and Senior Management Ordinary Shares (GWR) 192M Gary Lyons – Non-executive Chairman Issued Options 25M Tan Sri Dato’ Tien Seng Law – Deputy Chairman Chin An Lau – Non-executive Director Major Shareholders Kong Leng Lee (Jimmy) – Non-executive Director Clif

  4. Slide 4: Project Interests

    Project Interests  Iron Ore Development Project – Wiluna West Iron Ore  Advanced Gold Project – Wiluna West Gold  Iron Ore Exploration Projects – Woodley Iron Project – Earaheedy Iron Project – Booylgoo Iron Project  Equity investments – West Peak Iron Limited (19.9%)

  5. Slide 5: Wiluna West Project Overview

    Wiluna West Project Overview  Tenement holding 267km2  Granted mining leases over main project area  DSO hematite Mineral Resource Estimate of 130Mt @ 60% Fe  DSO hematite Mineral Reserve Estimate of 69.2Mt @ 60.3% Fe  Gold Mineral Resource Estimate of 3.5Mt @ 2.3g/t for 258,200 oz

  6. Slide 6: Wiluna West Iron Ore

    aa ‘ GWR Wiluna West Iron Ore

  7. Slide 7: Wiluna West Iron Ore

    20020 wt 70300 mi 7 610809 7os0bt0 a8 (OWR Wit Comp Unit wun © Boworbird North Boworbird Central Unit A Bowerbird South Joyners Find North Joyners Find -JWD Joyners South GWR

  8. Slide 8: Status Resources and Reserves

    Status Resources and Reserves  Resource definition drilling largely completed  130Mt of JORC* DSO hematite Resource  69Mt of Proven & Probable JORC Reserves, with an additional 13Mt of Inferred Resource within Reserve pit limits (total of 82Mt) *JORC refers to the Australasian Code for Reporting

  9. Slide 9: JORC Resources and Reserves

    JORC Resources and Reserves Classification Tonnes (Mt) Fe (%) SiO2 (%) Al2O3 (%) LOI (%) P (%) DSO Measured 3.7 59.6 7.8 2.5 4.0 0.09 Hematite Resources Indicated 77.2 60.3 7.4 2.4 3.6 0.05 Inferred 49.5 59.7 7.3 2.4 3.9 0.05 Total 130.3 60.0 7.4 2.4 3.6 0.06 Classification Tonnes (Mt) Fe (%) SiO2 (

  10. Slide 10: Infrastructure Overview

    Infrastructure Overview  Existing port options available: – Esperance (planned upgrade) – Geraldton  Future port option: – Oakajee (proposed) Port Spur or Road Public Rail Total Esperance 320km 650km 970km 672-834km Nil 672km* Geraldton 569km 112km 683km Esperance Port Oakajee 230km 400km 630km km

  11. Slide 11: Existing Port and Rail Infrastructure

    Existing Port and Rail Infrastructure Esperance  Deep water port – Capesize vessels  Planned upgrade by up to 20Mt  Capacity Reservation Deed in place  Sealed road from Wiluna to Leonora  Railway siding at Leonora - loadout  Railway from Leonora to Esperance or Geraldton  Viable immediate opt

  12. Slide 12: Esperance Port expansion

    Esperance Port expansion Minister for Transport announces intention to upgrade Jan 2012 Esperance Port by up to 20mtpa  GWR signs EPSL Capacity Reservation Deed. The Jul 2012 arrangements reserve capacity for GWR to export 3 million  tonnes per annum Procurement process to identify a private secto

  13. Slide 13: Wiluna West JWD Mining Project

    Wiluna West JWD Mining Project

  14. Slide 14: JWD Mining Approval

    JWD Mining Approval  In April 2012, the WA Department of Mines and Petroleum approved the mining proposal for the John William Doutch (JWD) high grade deposit  Mining Approval concerns 3 million tonnes @ 1Mtpa JWD Hematite Classification Tonnes (Mt) Fe (%) SiO2 (%) Al2O3 (%) LOI (%) P (%) Resource

  15. Slide 15: JWD Mining Approval

    JWD Mining Approval  JWD mine development planning well advanced  In-fill drilling completed to support detailed mine planning  Logistics studies completed  Material characterisation program: − CSIRO lump test completed − CISRI sinter pot test in February 2013

  16. Slide 16: Blast Furnace Lump Test Work

    Blast Furnace Lump Test Work  Tumble Index (TI) and Abrasion Index (AI): Measures cold strength and degradation during handling from mine to charging to the BF – impacts on lump yield  Decrepitation Index (DI): Generation of fines due to decomposition (thermal shock) of hydrated ores in the upper

  17. Slide 17: GWR Lump vs Seaborne Traded Lump

    GWR Lump vs Seaborne Traded Lump The CSIRO R&D test results for the GWR lump indicate the lump is suitable for direct feed into blast furnace (BF):  RDI at 9 is low which is good  DI is acceptable (<9 is preferred)  RI is acceptable but moderately low ( >62 is preferred)  TI & AI indices indicat

  18. Slide 18: GWR Lump - Chemistry

    GWR Lump - Chemistry Typical Chemical Analysis: (GWR Lump - dry Wt % at loading) Component Fe (Calcined) 65.7 Fe (Natural) 63.5 SiO2 3.7 Al2O3 1.6 P 0.02 LOI 3.4 Craig Ferrier at Wiluna West Iron – JWD Project site

  19. Slide 19: GWR Lump – Test Results

    GWR Lump – Test Results RDI (%-2.8mm) DI (%-5.0mm) RI 64 25 12 62 20 10 8 60 15 6 58 10 4 56 5 2 54 0 0 52 A B C GWR A B C GWR A B C GWR TI (%+6.3mm) AI (%-0.5mm) 92 12 90 10 88 8 86 6 84 4 82 2 80 0 A B C GWR A B C GWR

  20. Slide 20: Regional Exploration DSO Iron

    Regional Exploration DSO Iron

  21. Slide 21: Regional Exploration – Woodley

    Regional Exploration – Woodley  Located 100km south-west of Wiluna  Northwest trending BIF with a strike length of 22km  Maiden 21-hole 1608m RC drilling program in November 2012 yields significant DSO hematite/goethite intercepts including: − 12m @ 55.8% Fe (63.2% Ca Fe) from 6m at Target 2 − 10

  22. Slide 22: Regional Exploration – Earaheedy

    Regional Exploration – Earaheedy  Located 200km north-east of Wiluna  Tenement interests cover 1,537km2  Hematite/goethite mineralisation associated with Frere Formation  Le Steere farm-in agreed in Dec 2012  Geological mapping and rock chip sampling completed  Remote sensing and aerial magnet

  23. Slide 23: Equity Interests

    aa ‘ GWR Equity Interests

  24. Slide 24: West Peak Iron Limited (WPI)

    West Peak Iron Limited (WPI)  Significant landholding West African country of Liberia  977km2 of tenements in four project areas all containing identified iron- bearing formations  Located close to port, rail and road infrastructure  GWR holds 19.9% interest and board representation

  25. Slide 25: Key Project Milestones

    Key Project Milestones Milestone Status Complete Native Title Agreement Jul 2010  69 Mt Reserve Aug 2011  Small Mining Approval (JWD) Apr 2012  Esperance Capacity Reservation Deed Jul 2012  JWD lump test work Sep 2012  Esperance Port Jan 2013 – MUIOF proponent selection  process launched Comme

  26. Slide 26: For further information

    For further information Craig Ferrier Executive General Manager Golden West Resources Limited T +61 8 9201 9202 M +61 417 183 269 E craigf@goldenwestresources.com Suite 2, 138 Main St Osborne Park WA 6017 www.goldenwestresources.com ASX Code: GWR

  27. Slide 27: GWR

    ‘ GWR

Golden West Resources — Metal Bulletin - China Iron Ore 2013 on 6ix