Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Investor Presentation (September 2021)
29 slides from Ardea Resources's investor presentation, Sep 23, 2021
Slide 1: Kalgoorlie Gold Mining IPO Investor Presentation (ASX Release)
ASX & Media Release 23 September 2021 Kalgoorlie Gold Mining IPO Investor Presentation ASX Symbol Ardea Resources Limited (Ardea) (ASX: ARL) is pleased to release the attached ARL presentation prepared by wholly owned subsidiary Kalgoorlie Gold Mining Limited (KalGold) on the demerger and Initial Pu
Slide 2: Investor Presentation: Kalgoorlie Gold Mining IPO
Investor Presentation September 2021 Kalgoorlie Gold Mining IPO (ASX: KAL) Discovery and development of gold resources in the Eastern Goldfields of Western Australia Matt Painter Managing Director and Chief Executive Officer 2cm (L) Daylighting slot at Great Ophir, Bulong Taurus Project. (R) Eluvial
Slide 3: Disclaimer and Forward Looking Statement
Disclaimer and Forward Looking Statement This presentation has been prepared by Ardea Resources Limited (Company). It contains general background information only which is current at the date of this presentation unless otherwise specified. It contains selected summary information and does not purpo
Slide 4: Introducing 'KalGold'
Introducing ‘KalGold’ With high quality gold assets, walk-up drill targets, and an experienced team, Kalgoorlie Gold Mining (KalGold) plans to rapidly build a robust resource inventory to accelerate gold mine development. ASX: KAL KalGold projects KALGOORLIE-BOULDER PERTH 3
Slide 5: Historic results to build on… Bulong Taurus Gold
Historic results to build on… GREAT OPHIR Lead project: 5m at 52.1g/t Au from 15m (TAC-004)1 Bulong Taurus Gold • High-grade, shallow gold mineralisation TRAFALGAR 4m at 9.34g/t Au with depth continuation. from 16m (BGRB244)2 • Not drilled since the 1990s. • Immediate drilling to confirm historic TU
Slide 6: …and new findings. Bulong Taurus Gold
…and new findings. Lead project: Bulong Taurus Gold • Active prospectors’ workings* at Turnpike continue to produce gold. • Metal-detected nuggets recovered in June 2021 (dish field of view 20cm). • Delicate “filigree” gold morphology indicates proximal source: a nearby reef buried beneath a veneer
Slide 7: Proposed Capital Structure
Proposed Capital Structure* Minimum raise Maximum raise Key Details of the Offers $7 million $12 million • KalGold IPO to raise up to $12 million before costs. Existing Shares 100 100 Shares to be issued under the offer • 84 to 109 million shares on offer post raising. ($0.20 per Share) 35,000,000 6
Slide 8: Discovery and Development Strategy
Discovery and Development Strategy KalGold will utilise its considerable expertise to accelerate discovery and development of gold resources near Kalgoorlie-Boulder, with fast-tracked progression to mining. 1. Bulong Taurus Gold Project – resource definition, development, and production 2. Keith Kil
Slide 9: Exciting Near-Term News Flow
Exciting Near-Term News Flow 2021 2022 2022 2023 Bulong Taurus Project Q4 2021 Q1-3 2022 Q4 2022 H1 2023 Drill programs to Drill-out & geological Resource updates, confirm & extend modelling of drilled metallurgical testwork, Decision to mine historic high grades projects mining studies – Geological
Slide 10: Bulong Taurus Gold Project
BULONG TAURUS GOLD PROJECT • Lead project mined by prospectors since 1890s • Tenure continuity at the Taurus gold mining centre (first time in decades) • Gold Rights on 39 tenements (M:9, E:1, P:29), all in good standing • 35km east of Kalgoorlie on sealed and gravel roads • Prospects include: 2cm G
Slide 11: Bulong Taurus – Gold-Fertile Structures
Bulong Taurus – Gold-Fertile Structures Great Ophir Central KalGold’s lead project brings outstanding opportunity and pedigree TAURUS MINING Myrhee CENTRE to surface and near-surface high-grade gold near Kalgoorlie. BULONG Queen Margaret GLANDORE Veined, mineralised and oxidised subordinate structur
Slide 12: Exploring Gold Rush Mining Centres
Exploring Gold Rush Mining Centres • Taurus Gold Mining Centre and battery: established 1896. Almost continuous mining by prospectors since. • Sheeted vein complex at Central, Great Ophir, and other prospects* – Intense bleaching and pyritic vein selvages – Locally coarse gold results in high grade
Slide 13: Near-Surface High-Grade Gold at Great Ophir
Near-Surface High-Grade Gold at Great Ophir High-grade intercepts were not followed up during 1990s drill programs: • ~90% ineffective (too shallow & mine cavities) • Most holes targeted shallow alluvial gold • Mineralisation open in all directions GREAT OPHIR DRILL PROGRAM Aim: to confirm shallow,
Slide 14: Bulong Taurus – Work Programs
Bulong Taurus – Work Programs Programs designed, PoWs in place, rigs booked to drill At Great Ophir and Central, a fast-tracked initial JORC resource Fremantle group Great Ophir will incorporate historic results (where possible), followed by feasibility and potential development. Great Central T
Slide 15: Laverton Tectonic Zone Project
LAVERTON TECTONIC ZONE PROJECT • Recent prospecting success suggests good potential beneath cover • Numerous structural targets to test • All Mineral Rights on 4 tenements (E:4), 3 of these pending • 130km northeast of Kalgoorlie on sealed and gravel roads • Prospects include: Zelica South, Bar Twen
Slide 16: Laverton Tectonic Zone – Pinjin West
Laverton Tectonic Zone – Pinjin West ZELICA (71km) Laverton Tectonic Zone (and Celia TZ) EDJUDINA • Southern extent of the LTZ trending south from Laverton and Lancefield Gold Mining Centres, to Wallaby and Sunrise Dam • Tenements and applications are adjacent to the historic Pinjin and Edjudina Gol
Slide 17: Laverton Tectonic Zone – Zelica South
Laverton Tectonic Zone – Zelica South • South of main Eucalyptus mining centre EUCALYPTUS • Folds and second-order faults next to the Celia TZ provide numerous targets • Numerous gold deposits: – Zelica (excised) contains 577,000t at 1.63g/t ZELICA Au for >30koz (WAMEX A98026, Exterra Resources, 201
Slide 18: Keith-Kilkenny Tectonic Zone Project
KEITH-KILKENNY TECTONIC ZONE PROJECT • Not explored for gold in decades • Inexpensive, targeted re-assaying of archived nickel laterite pulps to lead gold exploration program • Gold Rights on 14 tenements (M:6, E:5, P:3), 2 Ms pending • 135km NNE of Kalgoorlie on sealed and gravel roads • Mining cen
Slide 19: Keith-Kilkenny Tectonic Zone Project
Keith-Kilkenny Tectonic Zone Project Gold-fertile Keith-Kilkenny Tectonic Zone is host to Apollo Hill, Carosue Dam, AUBILS Mulgabbie, and the Breaker Resources Lake Roe discovery. • Cost effective exploration from projects untested for gold (historic nickel focus). – Geological reinterpretation and
Slide 20: Kalgoorlie Project
KALGOORLIE PROJECT • Projects overlooked and poorly assessed despite neighbouring one of the richest patches of ground on Earth • New interpretations are defining new targets within walking distance of town • Gold Rights on 7 tenements (E:1, P:6), 1 E and 3 Ps pending • Adjacent to Kalgoorlie on sea
Slide 21: On the Golden Mile – the Ninga Mia Gold Prospect
On the Golden Mile – the Ninga Mia Gold Prospect • Within 6km from the iconic Superpit • Surface workings plus transported cover • Known mineralised geological contact • Common structures with the Golden Mile Oblique view of Kalgoorlie-Boulder, the Superpit, Mt Percy and Mt Charlotte on the Golden M
Slide 22: Gold potential at the Kalgoorlie Project
Gold potential at the Kalgoorlie Project • Adjacent to the gold-controlling Boulder- Lefroy Fault and the Bardoc Tectonic Zone. KANOWNA • Ninga Mia project neighbours the Golden Mile, within 6 km of the KCGM Superpit. GIDJI – Numerous surface workings, gold “specking” site – Named, mineralised, Gold
Slide 23: City of Kalgoorlie-Boulder
City of Kalgoorlie-Boulder Kalgoorlie-Boulder is WA’s golden heart. It is a centre of world-class infrastructure in an established and prolific mining district: • Established in the 1890s gold rush • Lowest sovereign risk • World-leading workplace practices enshrined in law • All KalGold projects wi
Slide 24: We've done it before – and will do it again
We’ve done it before – and will do it again The KalGold team was responsible for a flurry of gold discoveries within the footprint of Ardea’s KNP Goongarrie nickel hub and granted mining licences. The team has developed a scientifically robust gold target generation technique, utilising: • Major fau
Slide 25: Board & Management
Board & Management Pauline Gately – Chair (Non-Exec) Ms Gately is an accomplished investment strategist and seasoned director with experience across a portfolio of Board positions. Pauline brings a sharp commercial focus to strategy underpinned by 20-years investment banking The Management Team will
Slide 26: IPO Transaction Structure
IPO Transaction Structure Minimum Subscription Maximum Subscription Sources and Uses of Funds A$ % A$ % • Minimum raise of $7.0 million Total funds raised from the Offer 7,000,000 100.0% 12,000,000 100.0% enables portfolio-wide Allocation of Funds exploration to target and define Repayment Ardea IPO
Slide 27: Indicative IPO Timetable
Indicative IPO Timetable Event Date Lodgement of Prospectus with ASIC 17 September 2021 Opening Date of the Offers 25 September 2021 Priority Offer Closing Date 8 October 2021 General Offer Closing Date 26 October 2021 Effective Date of Distribution 29 October 2021 Issue of Shares under the Prospect
Slide 28: KalGold Investment Proposition
KalGold Investment Proposition Regional portfolio KalGold has an asset portfolio of highly prospective gold tenements in the gold-producing Kalgoorlie region of Western Australia, with 1077km2 of tenure within 150km of Australia’s premier gold destination, the City of Kalgoorlie-Boulder. World-leadi
Slide 29: Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited Applications to partake in the KalGold IPO Applications can be made online via the Automic website from 25 September 2021. • Select Investors (including all ARL shareholders as at 17 September 2021) are eligible to apply through the Priority Offer by clicking here. • A
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