Slide 1: West Wits Mining Limited
Main heading West Wits Mining Limited For personal use only (ASX:WWI) Derewo River Gold Project, Papua, Indonesia - “Exploring for the source” Explore, Evaluate, Extract
Slide 2: Disclaimer
Disclaimer Main heading For personal use only This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that
Slide 3: Executive Summary
Executive Summary Main heading • West Wits has acquired Derewo River Gold Project, Papua Province, Indonesia For personal use only • Derewo is a high grade placer deposit with coarse gold nuggets occurring within alluvial gravels • Similar characteristics to early stage Porgera, Edie Creek, Wau, Mt
Slide 4: Corporate Structure
Corporate Structure Main heading Capital Structure For personal use only Ordinary Shares 254,706,591 Performance Shares 46,000,000 DRD Entitlement Shares 38,250,000 Options (var ex prices & dates) 61,065,000 Market Cap (@ $0.042) $10.70 Cash ~ A$3.7m Debt A$0 Enterprise Value ~ A$7m Shareholding (To
Slide 5: Board and Executives
Board and Executives Main heading • For personal use only Michael Quinert (Executive Chairman) 25 years as a commercial lawyer and 18 years as a partner in a Melbourne law firm. Extensive experience in the resources sector advising public companies • Hulme Scholes (Non Executive Director) Began care
Slide 6: One major gold producer on the Indonesian side of border with PNG, Why?
One major gold producer on the Indonesian side of border with PNG, Why? Main heading For personal use only 6
Slide 7: Derewo River Gold Project ("Derewo")
Derewo River Gold Project (“Derewo”) Main heading • For personal use only Political/physical isolation delayed discovery until 2004 • Coarse nuggets contained in terraces and paleochannel along middle Derewo River • Exploration program to locate hard rock source of alluvial gold • Mining alluvial gr
Slide 8: Derewo Project Area – Exploration Leases
Derewo Project Area – Exploration Leases Main heading For personal use only 8
Slide 9: Three significant anomalies identified at Derewo
Three significant anomalies identified at Derewo Main heading • Historic data provids 3 significant exploration targets; Wopogi (Au-Cu), Sena (Au) & Biapigu (Cu) For personal use only • Data advanced exploration program by at least 12 months and saved $1 million • Sample data suggests multiple hardr
Slide 10: Wopogi Gold-Copper Target
Wopogi Gold-Copper Target Main heading For personal use only • 157km2 area • gold geochem with coincident copper in multiple drainages on 20km strike • Channel sampling values inc, 19g/t Au and 15g/t Pt, float samples assay up to 1.8% Cu • Existence of dioritic intrusions provide strong indication f
Slide 11: Sena Gold Target
Sena Gold Target Main heading For personal use only • 57 km2 area covering complex section of the Derewo Fault • Area is characterised by anomalous gold stream sediment and panned concentrate geochem 11
Slide 12: Biapigu Copper Target
Biapigu Copper Target Main heading For personal use only • 200km2 area near eastern boundary of the exploration permit which adjoins Freeport CoW • target defined by stream sediment and panned concentrate Cu geochem in two broad drainages • 15km along strike from Wabu deposit (8m oz Au) hosted in th
Slide 13: Discovering source of Derewo alluvials
Discovering source of Derewo alluvials Main heading • Quote from CSA independent experts report; For personal use only “Based on the high gold grades and the mineralization observed at Area 81, this is a truly outstanding exploration prospect. Gold occurrences like this are extremely rare and this a
Slide 14: Alluvial development of Derewo
Alluvial development of Derewo Main heading • Alluvial development will form part of data compilation for hard rock source For personal use only • The development strategy; PHASE I – Commence mapping and sampling program and small scale hydraulic mining operation PHASE II – Complete access road,
Slide 15: Alluvial development of Derewo
Alluvial development of Derewo Main heading For personal use only All gold coarse and easy captured by sluice boxes Alluvial Mining at Porgera 1960’s Schematic of Mining 15
Slide 16: Derewo Project Area – Mining Licence
Derewo Project Area – Mining Licence Main heading For personal use only • IUP Production (Mining Leases) 40ha granted EIS process near completion 491ha – application • Heavy earth moving equipment on site • Site survey for detailed design • Mining & processing circuit determined • Community Devel
Slide 17: Derewo Timeline
Derewo Timeline Main heading For personal use only Activity Sep Oct Nov Dec Jan Feb Mar Environmental permit Topographic Survey Follow up sampling program Forestry Permit Mine design Road construct/site preparation Camp/ facilities construction Commissioning mining 17
Slide 18: South African Projects
South African Projects Main heading • For personal use only Leases located on the West Rand, known for its world class gold mines • Leases hold 20kms of Witwatersrand Reef • WWI has been focused on developing near surface gold resources for opencut mining • These leases currently hold; Current JOR
Slide 19: Emerald Gold Project
Emerald Gold Project Main heading • Drill program focusing on 1km Gap zone For personal use only in September 2011 • Focus has been to delineate nearWestern Emerald surface resources Pit • Reserve at Emerald completed with Gold Price of US$1,220/oz • Current NPV of Emerald in excess of A$25m on a to
Slide 20: Next steps for SA
Next Mainsteps for SA heading For personal use only Simple Strategy • Continue to delineate “convertible ounces” – low cost discovery EMPEROR TARGET • Continue to expand and develop project pipeline • Increase JORC statement to 1 million ozs for near surface gold targets • Near surface gold targets;
Slide 21: Conclusion
Conclusion Main heading • For personal use only Only ASX listed company with exposure to high quality exploration targets in Papua, Indonesia • Elephant country – quality structural setting in favourable geology • Target models - Porgera Zone 7(20moz) and Wafi/Gopu (30moz) • Security of tenure under
Slide 22: Contact
Contact Main heading For personal use only Michael Quinert Tim Chapman Executive Chairman Corporate Manager Phone: +61 3 9824 8166 Phone: +61 3 9824 8166 Suite 2, 1233 High Street Armadale Suite 2, 1233 High Street Armadale Victoria 3143 Victoria 3143 22
Slide 23: Appendicies
Appendicies Main heading For personal use only 23
Slide 24: Derewo River Gold Project
Derewo River Gold Project Main heading For personal use only 24
Slide 25: Company Ore Reserve and Mineral Resource Summary
Company Ore Reserve and Mineral Resource Summary Main heading For personal use only 25
Slide 26: JORC Statement
JORC Main Statement heading The Ore Reserve Estimate summarises the content of the mine designs above a 0.8g/t cut-off. For personal use only The figures presented have been rounded and include mining dilution and ore loss. The Ore Reserve Estimate has been derived as part of pre-feasibility study T