Besra Gold Inc · ASX:BEZ
Besra Gold — Investor Presentation (November 2022)
30 slides from Besra Gold's investor presentation, Nov 25, 2022
Slide 1: Non-Renounceable Rights Entitlement Offer
For personal use only BESRA GOLD INC. NON-RENOUNCEABLE RIGHTS ENTITLEMENT OFFER* 25 November, 2022 *Not for release to US wire services or distribution within the United States.
Slide 2: Important Notices
IMPORTANT NOTICES Presentation is not an offer This Presentation and the upcoming offer This Presentation is for information purposes only and is not a prospectus, product disclosure statement or This presentation (Presentation) has been prepared by Besra Gold Inc (ARBN 141 335 686) (Company other d
Slide 3: Important Notices (Cont'd)
IMPORTANT NOTICES (Cont’d) Future performance and forward-looking statements Trading New CDIs This Presentation contains certain “forward-looking statements” and comments about future matters. The Company will have no responsibility and disclaims all liability (to the maximum extent permitted Forwar
Slide 4: For personal use only
Besra Gold Inc “Besra”, an ASX public listed company (ASX:BEZ), holds a 92.8% interest in North Borneo Gold Sdn Bhd, through its 100% owned subsidiary, and in turn in the highly prospective Bau Gold Field corridor in Sarawak State, Federation of Malaysia. For personal use only Besra’s interest compr
Slide 5: Company Snapshot
For personal use only COMPANY SNAPSHOT Board of Directors Position Exercise Type Number Expiry price $ Andrew Worland Non-Exec Chairman John Seton Exec Director Existing Common Shares currently on issue* 305,241,640 N/A N/A Jon Morda Non-Exec Director Number of New CDIs to be issued under the 101,74
Slide 6: Indicative Timetable of Important Dates
INDICATIVE TIMETABLE OF IMPORTANT DATES* Announcement of the Entitlement Offer Friday, 25 November 2022 For personal use only CDIs quoted on an ‘ex’ Entitlement basis Wednesday, 30 November 2022 Record Date for Entitlement Offer (5:00pm AWST) Thursday, 1 December 2022 Entitlement Offer opens and dis
Slide 7: For personal use only
Entitlement for CDI and Common Share Securityholders to subscribe for 1 Entitlement New CDI for every 3 CDIs or 3 Common Shares held to raise Offer approximately AUD$5.1 million, before costs. For personal use only Securityholders with a registered address in Australia, New Zealand, Belize, Canada (
Slide 8: Quantum Underwriting
QUANTUM UNDERWRITING • The Entitlement Offer is fully underwritten by Number of % of total For personal use only Quantum. Quantum CDI holding CDIs Common Shares on issue** • Quantum is a US based corporation and part of a As at the date of this Presentation 53,673,533 17.58 group whose principals ar
Slide 9: Use of Funds
Item Amount For personal use only Jugan Resource Review & $475,000 Feasibility Studies Jugan Test Processing Plant* $1,500,000 Use of Resource exploration and drilling $1,250,000 In-country administration and Funds overheads $700,000 General working capital and $687,000 administration expenses Costs
Slide 10: For personal use only
For personal use only LARGE GOLD MATURE PROJECT ESTABLISHED STRONG LOCAL PRODUCING CORRIDOR INFRASTRUCTURE Jugan Mature Exploration INVESTOR SUPPORT Widespread , + 3Moz gold Project with historical Pre- Strategically located close to endowment across historical feasibility study. The long history of
Slide 11: Pro-forma Balance Sheet
Pro-Forma, Audited, USD$ Pro-forma Balance Sheet June 30, 2022 USD$ June 30, 2022 For personal use only Current Assets 885,066 3,775,000 Non-current Assets 18,916,447 18,296,447 TOTAL ASSETS 19,802,152 22,296,447 Current Liabilities 694,856 620,719 Non-Current Liabilities 49,500 49,500 TOTAL LIABILI
Slide 12: Besra's Growth Story
For personal use only BESRA’S GROWTH STORY
Slide 13: Jugan Project
JUGAN PROJECT Besra’s foundation project for our 2023-2024 growth plan. For personal use only ▪ +60,000m Jugan Resource drilling. ▪ JORC Resource 870,000koz @ 1.5 g/t (Measured & Indicated) and 90koz @ 1.6 g/t (Inferred). ▪ 2021-2022 drilling confirmed stand-alone development potential. ▪ Mineralisa
Slide 14: Jugan Project: Updated Resource Estimations
JUGAN PROJECT Besra’s foundation project for our 2023-2024 growth plan. For personal use only Updated Resource Estimations ▪ Comprehensive assay results from +60,000m of drilling. ▪ Currently refining geological models incorporating 2021-2022 DDH results, including structural controls, for Au, As &
Slide 15: Jugan Project: On-site Pilot Processing Plant
JUGAN PROJECT Besra’s foundation project for our 2023-2024 growth plan. For personal use only On-site Pilot Processing Plant ▪ On-site pilot plant and test open- pit construction to commence in 2023, subject to approvals. ▪ EIA lodgement imminent. ▪ On site pilot scale operations to provide reliable
Slide 16: Jugan Project: Definitive Feasibility Studies
JUGAN PROJECT Besra’s foundation project for our 2023-2024 growth plan. For personal use only Definitive Feasibility Studies ▪ Leveraging previous pre-feasibility study completed in 2013. ▪ Incorporating updated Resources estimations. ▪ Incorporating On-site Pilot Processing Plant metallurgical stud
Slide 17: Resource Drilling
RESOURCE DRILLING Unlocking higher grade gold potential. For personal use only 2023 RESOURCE DRILLING PROGRAM ▪ Focusing on depth extensions below existing shallow mineralised footprints at Bekajang, Kapor & Sirenggok prospects. ▪ Underlying hydrothermal “feeder” systems in Carlin-like deposits typi
Slide 18: Environment, Social & Governance
ENVIRONMENT, SOCIAL & GOVERNANCE Besra’s commitment to a social licence & co-existence For personal use only ▪ Majority of professional and skilled work force sourced from Bau District. ▪ Drilling, earthworks and logistical services all sourced from Bau District suppliers. ▪ Re-establish mining acti
Slide 19: Appendix – Key Risks
For personal use only APPENDIX 1 – KEY RISKS
Slide 20: Key Risks
KEY RISKS General Overview For personal use only There are certain general risks and certain specific risks which relate directly to the Company’s As such, termination of the Underwriting Agreement could materially adversely affect the business and are largely beyond the control of the Company and t
Slide 21: Key Risks (Cont'd)
KEY RISKS (Cont’d) Reliance on Joint Venture partner Additionally, the ability of the Company to acquire legal title to the permits through NBG is For personal use only The Company does not hold legal title to the permits which form the Bau Gold Project. These dependent on the ability of the relevan
Slide 22: Key Risks (Cont'd)
KEY RISKS (Cont’d) Additionally, there is a possibility that the relevant holders for 11 permits have not complied with on satisfactory terms, or at all. If future required tenure is not secured, the Company may not have For personal use only requirements to commence development works, which may ren
Slide 23: Key Risks (Cont'd)
KEY RISKS (Cont’d) Uncertainty of future profitability For personal use only The Company has incurred losses in the past and it is therefore not possible to evaluate the market for mining equipment experiences fluctuations in supply and demand. If the Company is Company’s future prospects based on p
Slide 24: Key Risks (Cont'd)
KEY RISKS (Cont’d) Mining industry risks Inherent industry risks For personal use only The Company is engaged in the acquisition and exploration of and investment in resource operations and these are subject to cost over-runs and/or higher than anticipated operating costs, this properties, which is
Slide 25: Key Risks (Cont'd)
KEY RISKS (Cont’d) Environmental The Company’s operations are subject to environmental regulations. As with most mining related Government regulation For personal use only activities, these are expected to have an impact on the environment, particularly if mine In addition to environmental regulatio
Slide 26: Key Risks (Cont'd)
KEY RISKS (Cont’d) Land rehabilitation requirements Infectious disease Although variable, depending on location and the governing authority, land rehabilitation For personal use only Outbreaks of pandemics or diseases, including, for example, the coronavirus disease (COVID-19), requirements are gene
Slide 27: Appendix – Offer Restrictions
For personal use only APPENDIX 2 – OFFER RESTRICTIONS
Slide 28: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS For personal use only Belize This presentation or any other document relating to the offer of New CDIs does not constitute an offer of The issuance or transfer of the New CDIs, respectively, by the Company, by the transferor or to a New CDIs in any jurisdiction in wh
Slide 29: Appendix – Quantum Termination Events
For personal use only APPENDIX 3 – QUANTUM TERMINATION EVENTS
Slide 30: Quantum Underwriting Termination Events
QUANTUM UNDERWRITING TERMINATION EVENTS This appendix sets out a non-exhaustive list of the termination events pursuant to which Quantum may terminate the underwriting agreement. For personal use only • (Offer documents) Any adverse new material circumstance arises or becomes known • (Adverse change