West African Resources Ltd · ASX:WAF
West African Resources — Shareholder Meeting (November 2011)
30 slides from West African Resources's shareholder meeting presentation, Nov 29, 2011
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 29th November 2011 Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
For personal use only DISCLAIMER AND JORC NOTICE This presentation has been prepared by West African Resources Limited (‘WAF’ or the ‘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 an offer or in
Slide 3: Agenda
For personal use only AGENDA THE THE THE THE COMPANY COUNTRY EXPLORER FUTURE
Slide 4: The Company
For personal use only THE COMPANY
Slide 5: Investment Highlights
For personal use only INVESTMENTHIGHLIGHTS Largest 3km along strike Targeting ASX-listed from emerging maiden resource landholder in 3.5Moz deposit estimate in June 2012 Burkina Faso, West Africa 25 contiguous Fully permits covering 6,165km2 over funded for three 185km strike of years of aggressive
Slide 6: Investment Highlights
For personal use only INVESTMENTHIGHLIGHTS Highly-skilled team, hands-on West African experience WAF-owned fleet of six rigs minimising exploration spend Aggressive 200,000m drilling campaign for 2011-2012
Slide 7: Capital Structure
For personal use only CAPITAL STRUCTURE THE COMPANY November 2011 To t a l O r d i n a r y S h a r e s o n I s s u e ： 163.4M D i r e c t o r & M a n a g e m e n t O p t i o n s ： 38.6 M N u m b e r o f s h a r e h o l d e r s ： 1,040 D i r e c t o r s & M a n a g e m e n t I n t e r e s t ： 35% To
Slide 8: Board
For personal use only BOARD Francis Harper - Chairman Investment 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 experience
Slide 9: The Country
For personal use only THE COUNTRY
Slide 10: Burkina Faso
For personal use only BURKINA FASO More than 4th largest 1/5 of West Africa’s gold producer in Africa total greenstone belt by the end of 2011 exposure Six new Investment mines in production in friendly mining code the past five years
Slide 11: The Explorer
For personal use only THE EXPLORER
Slide 12: Boulsa Project, Burkina Faso
For personal use only BOULSA PROJECT BURKINA FASO OUAGADOUGOU
Slide 13: Boulsa Project
For personal use only BOULSA PROJECT
Slide 14: Boulsa Project
For personal use only BOULSA PROJECT 25 contiguous permits, 100% owned covering 6,165 km2 185km strike of greenstone belt Along strike from emerging 3.5Moz deposit Extensive near-surface gold mineralisation in RAB & RC drilling
Slide 15: Moktedu Prospect
For personal use only MOKTEDU PROSPECT MOKTEDU
Slide 16: Moktedu Prospect
For personal use only MOKTEDU PROSPECT high-grade oxide mineralised zone from surface 28m at 9.22 g/t Au from surface; including 8m at 31.67 g/t Au 8m at 10.67 g/t Au from 12m; including 4m at 17.79 g/t Au 13m at 4.60 g/t Au from 20m*; including 5m at 11.66 g/t Au 13m at 3.16 g/t Au from 4m*; ended
Slide 17: Moktedu Prospect
For personal use only MOKTEDU PROSPECT high-grade oxide mineralised zone from surface 8km target strike length, supported by coincident magnetic trend, WAF RAB and auger drilling, and historic soil sampling RC-DD program in progress Results expected mid-December 2011 MOKTEDU Targeting maiden resourc
Slide 18: Moktedu
For personal use only MOKTEDU
Slide 19: Moktedu
For personal use only MOKTEDU
Slide 20: Meguet Prospect
For personal use only MEGUET PROSPECT Extensive near-surface gold
Slide 21: Meguet Prospect RC & RAB Results
For personal use only MEGUET PROSPECT RC & RAB RESULTS 2009-10 RC Results 2011 RAB Results 7m at 2.32g/t Au from 4m 10m at 7.67 g/t Au from 0m, ended in mineralisation 8m at 2.52g/t Au from 37m 10m at 2.77 g/t Au from 0m, ended in mineralisation 20m at 0.95g/t Au from 0m 24m at 1.00 g/t Au from 0m,
Slide 22: For personal use only
RC Drill Collar * Ended in Mineralisation mmm = +0.5 g/t Au Drill Intercept — RABDrill Line == Interpreted Fault ~~ Shear Zone | Mafic Volcanics Co Granodiorite MEGUET A 200 metres 4m@1.69 g/t Au from 8m 24m@2.42 git Au from 16m \ ——] 8m@O.9git Au from 24m 12m@1.59 g/t Au from Om \ = 4m@3.92 g/t Au
Slide 23: New Sartenga Discovery
For personal use only NEW SARTENGA DISCOVERY
Slide 24: New Sartenga Discovery
For personal use only NEW SARTENGA DISCOVERY Massive 6.2km x 1.4km Footprint Peak result of 3m at 0.61 g/t Au First-pass wide-spaced regional auger drilling No outcrop or artisanal mining activity Second discovery from first principles by West African in past 12 months Infill auger drilling in progr
Slide 25: The Future
For personal use only THE FUTURE
Slide 26: 2011-12 Field Season
For personal use only 2011-12 FIELD SEASON 2009-11 Auger Target > 40 Strike Km ! Over 40km of auger geochem anomalies to follow-up Less than 15% of anomalies drill tested to date WAF-owned fleet of six rigs minimising exploration spend New permits expected to be granted before wet season 200,000m of
Slide 27: Summary
For personal use only SUMMARY Largest 3km along strike High-grade ASX-listed landholder from emergent results including 28m at in Burkina Faso 3.5Moz deposit 9.22 g/t Au from surface
Slide 28: Summary
For personal use only SUMMARY Over 40 km of auger Less than 15 % Highly-skilled geochem anomalies of anomalies drill team, hands-on West to follow-up tested to date African experience
Slide 29: Summary
For personal use only SUMMARY WAF-owned Targeting Fully funded fleet of six rigs maiden resource for 3 years of intensive minimising exploration estimate in June exploration including up to spend 2012 200,000m of drilling p.a.
Slide 30: West African Resources Ltd
For personal use only WEST AFRICAN RESOURCES LTD http://www.westafricanresources.com/ ACN 121 539 375 Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887 Annual General Meeting 29th November 2011
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