Slide 1: East Gippsland Shire Meeting - Glen Wills Gold Project
East Gippsland Shire Meeting For personal use only GLEN WILLS GOLD PROJECT 18 March 2014
Slide 2: Tenement Holdings and Prospect Location, Victoria
5,960,000mN EL5300 For personal use only Granite EL4744 Flat 5,940,000mN Merrimac Creek EL4744 EL3916 EL4744 EL3916 EL4717 Sunnyside 5,920,000mN MIN4921 Glen Wills Dry Gully 5,900,000mN Forsyth Mountain Maid Comstock 520,000mE 540,000mE 560,000mE 580,000mE 600,000mE EL4717 5,860,000mN GDA94 Zone 55
Slide 3: Project History
Project History For personal use only • Underground gold mining has operated in the area between 1892 & 1955. • Synergy Metals Limited purchases Australian Gold Mines NL – October 2003. • Surface Drilling commences at Glen Wills – January 2004 • In excess of 44,000 metres of drilling has been comple
Slide 4: Objectives
Objectives For personal use only • To locate sufficient gold to justify a new mine development. • To operate any mine with minimal environmental impact (environment in the broader sense – flora, fauna, air, noise, water, dust, visual etc.) • To rehabilitate the site after mining for a sustainable fu
Slide 5: Glen Wills Gold Project
Glen Wills Gold Project For personal use only MIN4921 • 47km2 Exploration Licence -EL3916 •2.4km2 granted Mining Lease – MIN4921 OMEO
Slide 6: Glen Wills and Sunnyside Goldfield Historic Production and Resources
Sunnyside Goldfield GDA94 Zone 55 Glen Wills Goldfield Historic Production Mt Wills For personal use only 82,400 oz Au Mt Wills Historic Production 133,300 oz Au 800 L JORC 2012 Total Historic Production - 215,500 ounces Gold 66,100 oz Au JORC 2012 JORCCentre MineralCountry Prospect Resource (June -
Slide 7: Trace of Glen Wills and Sunnyside Orebodies
Trace of Glen Wills Mt Wills For personal use only Mineralised Surface Sunnyside Orebodies Glen Wills Orebody Resource at Sunnyside 215Kt @ 9.5g/t Au – 66,100oz Resource at Glen Wills 494Kt @ 6.4g/t Au – 101,900oz
Slide 8: Glen Wills Orebody Long Section
LEGEND Glen Wills <1.00g/t Au GDA94 Zone 55 For personal use only 1.00 – 5.00 g/t Au >5.00 g/t Au Historic Levels 1000 Historic Workings 900 L
Slide 9: Sunnyside Goldfield
Sunnyside Goldfield For personal use only Golden Fleece GDA94 Zone 55 Three Stars Workings Workings United Brothers Workings LEGEND <1.00g/t Au 1.00 – 5.00 g/t Au >5.00 g/t Au Historic Levels Historic Workings
Slide 10: Issues
Issues For personal use only • Infrastructure – housing / accommodation • Electricity demands • Traffic • Communications • Services
Slide 11: Infrastructure / Housing
Infrastructure / Housing For personal use only • During construction estimated 50 – 80 contractors & employees. • During operation estimated 30 – 35 directly employed. • Glen Wills / Glen Valley does not have the capacity to house individuals or families. • Does Omeo have sufficient ‘spare’ land cap
Slide 12: Electricity
Electricity For personal use only • Scoping Study estimate of power consumption 917kW. • Total usage - 5.25M kWhrs/year. • Glen Wills is not on state grid. • Project economics severely hampered by lack of grid based power. Alternatives diesel or hydro generation. • Hydro has “legislative” issues. •
Slide 13: Traffic
Traffic For personal use only • Completion of Omeo Highway will increase traffic movement. • Highway is very winding, issues of truck & light vehicle interaction. • Knocker Track to Omeo Valley only partially improved but could remove significant road freight, logging traffic and future mine traffic
Slide 14: Communications
Communications For personal use only • Glen Wills / Glen Valley are in communications “black- hole” no mobile service (satellite telephone also erratic due to steep vegetated gullies). • Site currently relying on ‘copper wire’ telecommunications and satellite internet.
Slide 15: Services
Services. For personal use only • Garbage trailer at Glen Valley currently insufficient for local and tourists. • School bus service terminates at Blue Duck. • Omeo based services.
Slide 16: Forward Programme
Forward Programme For personal use only • Submission of Work Plan to Government for approval to commence operations. • Rehabilitation / recommencement of mining 4 months after government approval. • Ongoing exploration & drilling at all other SML Corps Prospects in East Victoria. • Potential product
Slide 17: Thank you
Thank you. For personal use only Disclaimer: This document was prepared by SML Corporation Limited. This document contains forward-looking statements that involve risks and uncertainties. These forward-looking statements are not guarantees of SML Corporation future performance and involve a number o