Iondrive Limited · ASX:ION
Iondrive — Shareholder Meeting (November 2018)
16 slides from Iondrive's shareholder meeting presentation, Nov 30, 2018
Slide 1: Southern Gold: A Unique Gold Company
SOUTHERNGOLD A UNIQUE GOLD COMPANY AGM Presentation 30 November 2018 ASX Ticker: SAU
Slide 2: Disclaimer
Disclaimer Forward-looking statements The information in this presentation is published to inform you about Southern Gold Limited (“Southern Gold”) and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. These may include, without
Slide 3: Southern Gold: The Core Business
Southern Gold: The Core Business South Korea 1. Gubong & Kochang Gold Mines (BMV JV 50% SAU) 2. Multiple drill ready epithermal Au-Ag targets (SAU 100%) Australia (Kalgoorlie) 3. Cannon Gold Mine 3
Slide 4: South Korea: Key Elements to the Story
South Korea: 2 Key Elements to the Story 1. Orogenic gold projects in the northern half: Bluebird Merchant Ventures JV (LSE: BMV) ✓ Gubong (50/50 JV) & Kochang (BMV Earn-In) ✓ First Au production after capex < US$5m ✓ First Au pour target by end 2019 2. Epithermal gold projects in the southern half:
Slide 5: JV: Gubong (I)
JV: Gubong (I) >120km of historic underground mine development Development in place = major capital cost saving 5
Slide 6: Bluebird JV: Gubong circa 1967 (II)
Bluebird JV: Gubong circa 1967 (II) eh* +)” SOUTHERN 6
Slide 7: JV: Gubong (III)
JV: Gubong (III) Approx. 500m of vertical development >5km long regional trend Open at depth Historic KORES Drilling in yellow…very limited drilling for a deposit of this scale. 7
Slide 8: JV: Kochang (I) - ETR
JV: Kochang (I) - ETR The exploration target range: 500,000 and 700,000 tonnes, with a grade range of 5.0 to 7.0 g/t gold and 27g/t and 35 g/t silver. This exploration target in not a mineral resource and is conceptual in nature. The estimate is based upon 3D modelling of the geological structures w
Slide 9: JV: Kochang (II) – Facilities Layout
JV: Kochang (II) – Facilities Layout 9
Slide 10: Looking for the Tier 1
Looking for the Tier 1 Tier 1 = NPV>US$1b, long life, low cost KRS203043. Precious metals below detection limits. Vein sample comprised solely of quartz pseudomorphs after bladed calcite, indicative of flash boiling. Central Beopseongpo Vein Segment. Epithermal gold projects in the southern half of
Slide 11: Beopseongpo
Beopseongpo • Au-Ag epithermal target; • Two new tenements granted 100% SAU; • Up to 21.8 g/t Au and 19 g/t Ag (float); • vein system 3.8 km strike; • high-level low-sulphidation style. 11
Slide 12: Deokon: ultra high grade Au-Ag
Deokon: ultra high grade Au-Ag Sample ID Location Width (m) Au (g/t) Ag (g/t) Deok K-1 Main Mine 0.5 59.3 8,879 DK-132 Main Mine 0.6 29.3 3,820 DK-131 Main Mine 0.6 28.5 7,485 DK-122 Main Mine 0.6 23.3 9,708 On-3 Main Mine 2.5 20.1 1,457 DK-121 Main Mine 0.5 20.0 5,672 DK-130 Main Mine 0.3 16.5 4,22
Slide 13: Weolyu: Drilling and Underground Channels
Weolyu: Drilling and Underground Channels Underground channel and drill tested zone 6.18g/t Au +1030g/t Ag (KRS202116) KRS200052 Next stage drilling Stage 3 drilling WUDD007 0.92m @13.55g/t Au + 447g/t Ag KRS202116 13
Slide 14: Weolyu: High Grade Au-Ag in Channels
Weolyu: High Grade Au-Ag in Channels KRS202116 14
Slide 15: Cannon Gold Mine
Cannon Gold Mine Open Pit (completed): • ~52koz Au recovered • ~A$13.7m profit achieved • ~A$10.2m net of debt • Funded company 2015-17 Underground (pending): Grade Category Level mRL Tonnes Ounces g/t Total Indicated 170 -> 240 121,600 5.68 22,170 Total Inferred 145 -> 240 20,700 2.21 1,470 Total R
Slide 16: Southern Gold: The Year Ahead
Southern Gold: The Year Ahead ❑ Completion of Feasibility Study at Gubong and Kochang (BMV) ❑ First gold pour in South Korea 2019Q4 (BMV) ❑ Maiden JORC Resource at Weolyu ❑ Drilling the epithermal targets, confirmation of bonanza grades at Deokon ❑ Unlock value from the Cannon Gold Mine with undergr