Indiana Resources Limited · ASX:IDA
Indiana Resources — Shareholder Meeting (November 2018)
31 slides from Indiana Resources's shareholder meeting presentation, Nov 30, 2018
Slide 1: Chairman's Address - 2018 Annual General Meeting cover letter
30 November 2018 For personal use only Market Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000 Dear Sir / Madam INDIANA RESOURCES LIMITED 2018 ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS Please find attached the Chairman’s Address and presentation that wil
Slide 2: Chairman's Address
Chairman’s Address The last 12 months has seen Indiana transition to a Mali focused gold explorer. In an all scrip transaction, we acquired controlling interests in the Koussikoto Ouest and Kenieko Nord tenements where previous exploration included soil geochemistry, geophysics, trenching and shallo
Slide 3: Chairman's Address (continued)
has remained focused on reducing costs where possible whilst delivering maximum impact from exploration expenditure. This focus will remain into 2019 and we look forward to positive news flow from exploration and corporate activities. I look forward to keeping you updated on our progress. Thank you
Slide 4: A Focus on Mali Gold
For personal use only A Focus on Mali Gold AGM PRESENTATION 30 NOVEMBER 2018
Slide 5: Disclaimer and Competent Persons' Statements
DISCLAIMER AND COMPETENT PERSONS’ STATEMENTS For personal use only This presentation (the “Presentation”) has been prepared by Indiana Resources Limited (‘”Indiana”). No party other than Indiana has authorised or caused the issue of this document, or takes responsibility for, or makes any statements
Slide 6: Strategic Focus - Mali
Strategic Focus - Mali The Land of GIANTS For personal use only ▪ West African craton is 3rd in Gold endowment globally ▪ >10,000 metric tonnes of Gold discovered to date (Goldfarb, 2017) ▪ Geologically similar to WA – what works in WA works in West Africa ▪ Tropical and undercover regions are under
Slide 7: Steadily Growing The Footprint
Steadily Growing The Footprint In the Shadow of GIANTS For personal use only ▪ February 2018 - Acquired Mukuyu Resources in all share deal ▪ Retained in-country team and assets ▪ Gained 2 licences; Koussikoto Ouest and Kenieko Nord ▪ August 2018 – Announced JV with CradleArc plc ▪ 2 further licences
Slide 8: Koussikoto JV – 75% IDA
Koussikoto JV – 75% IDA Most Geology under cover For personal use only ▪ Artisanal mining focussed on outcropping central area (dark green) ▪ Eastern and western parts of licence have shallow cover ▪ Geophysics works well in this terrane ▪ Targeting structure and geophysical response using Induced P
Slide 9: Koussikoto Results
Koussikoto Results Step-out geophysics works well For personal use only Targets delivering Results ▪ 3900m Aircore completed - Highlights include1: – 18m @ 3.35 g/t Au – 4m @ 2.16 g/t Au – 5m @ 4.86 g/t Au – 8m @ 3.37 g/t Au Follow-up planned ▪ Follow-up drilling ▪ Extensions to IP survey to west ▪
Slide 10: Kossanto – Cradle Arc plc JV
Kossanto – Cradle Arc plc JV Doubling the Area for exploration For personal use only ▪ Total area of 137km2 contiguous with Indiana tenure ▪ JV signed September 2018 ▪ IDA to earn 65% by sole funding to PFS ▪ No minimum spend ▪ Majority of work to date has focussed on western half of licence ▪ Miner
Slide 11: Kossanto – Touma Matouwa
Kossanto – Touma Matouwa Mineralised historical trenches For personal use only Untested Strike potential ▪ 4km between Matouwa and Touma ▪ 2km between Sama and Massu Mineralisation never followed-up ▪ 4 Trenches at Matouwa never followed up with drilling ▪ 3 planned trenches never completed at Touma
Slide 12: Kossanto – Cradle Arc plc JV
Kossanto – Cradle Arc plc JV Systematic follow-up required For personal use only Significant mineralisation ▪ Historic results include1: – 15m @ 10.12 g/t Au, from 14m – 6m @ 7.84 g/t Au, from 24m – 10.2m @ 2.50 g/t Au, from 38.8m – 17m @ 1.69 g/t Au, from 34m Follow-up planned ▪ Gradient Array IP G
Slide 13: Kossanto – Massu
Kossanto – Massu A high Probability target For personal use only Significant results to follow-up ▪ Historic results from MSTR001 include1: – 10.2m @ 2.50 g/t Au – 4.4m @ 1.05 g/t Au Drill ready targets ▪ Later trenches appear 'off trend' from MSTR001 ▪ Massu Target was never drilled ▪ Drilling plan
Slide 14: Kenieko JV – 95% IDA
Kenieko JV – 95% IDA Extensive Artisanal Activity For personal use only Drilling confirmed anomalism ▪ 2018 Geochem shows 2km strike of anomalous Au in soil1 ▪ Access to drill sites restricted by artisanal activity – constrained to either end of major area of interest Follow-up planned ▪ Mapping com
Slide 15: Planned Work
Planned Work Extending Geophysics Target Ground For personal use only ▪ Targeting known mineralised trends ▪ Along strike from mineralised intercepts ▪ Extending coverage ▪ Allows for more coherent exploration ▪ Building confidence 12
Slide 16: Ntaka Hill – An Attractive Asset
Ntaka Hill – An Attractive Asset IDA confident of resolution For personal use only Regaining Tenure ▪ Ntaka Hill was held under Retention Licence ▪ IDA plans to apply for Mining Licence ▪ Several parties interested in development options 2017 Scoping Study provides Proof of Concept ▪ Study targets l
Slide 17: The Indiana Footprint
The Indiana Footprint For personal use only CAPITAL STRUCTURE Tightly Held Share Register ASX CODE IDA ISSUED CAPITAL (SHARES) 95.7M Other Remainder of shareholders Top 20 28% MARKET CAPITALISATION A$5.3M 32% CASH (30/09/2018) A$550k Top 3 shareholders 40% Options Outstanding 5M 14
Slide 18: Share Price Performance
For personal use onlyShare Price (A$) ▪ ▪ 0 0.1 0.2 0.4 0.5 0.6 0.3 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Date Jan-17 Mar-17 Performance May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 West African Resources - Historical Price Jul-18 Sep-18 Share Price
Slide 19: The Indiana Team
The Indiana Team For personal use only Chris van Wijk Managing Director Chris is a qualified geologist with extensive exploration experience across Africa. He has a proven record in base and precious metals exploration, commercial negotiations and business development. Bronwyn Barnes Chair Bronwyn h
Slide 20: Positioned for Growth
Positioned for Growth For personal use only Mali Gold Exposure Regional Growth ▪ Strategic ground position in a prolific gold ▪ Experienced West African team on the province ground ▪ Highly prospective land package with solid ▪ Several projects currently under evaluation results to date ▪ Endowment
Slide 21: AGM Resolutions and Proxy Voting
For personal use only AGM Resolutions and Proxy Voting 30 NOVEMBER 2018 18
Slide 22: Annual General Meeting Items of Business
Annual General Meeting For personal use only Items of Business 1. 2018 Annual Report 2. Adoption of Remuneration Report 3. Re-election of Director – Bruce McFadzean 4. Approval of additional 10% capital raising capacity 5. Approval of prior issues of securities 6. Approval of Indiana Resources Limit
Slide 23: Item 1. 2018 Annual Report
For personal use only Item 1. 2018 Annual Report To table and consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2018, which includes the Financial Report, the Directors' Report and the Auditor's Report. 20
Slide 24: Item 2. Adoption of 2018 Remuneration Report
For personal use only Item 2. Adoption of 2018 Remuneration Report Resolution 1: “That, for the purpose of section 250R(2) of the Corporations Act, and for all other purposes, approval is given for the adoption of the Remuneration Report of the Company.” Voting Summary: For 44,800,518 Against 12,898
Slide 25: Item 3. Re-election of director – Bruce McFadzean
For personal use only Item 3. Re-election of director – Bruce McFadzean Resolution 2: “That, for the purpose of clause 46 of the Constitution and for all other purposes, Bruce McFadzean, a Director who was appointed by the Directors on 30 March 2015 and most recently elected at the Annual General Me
Slide 26: Item 4. Approval of additional 10% capital raising capacity
Item 4. Approval of additional 10% capital raising capacity For personal use only Resolution 4: “That, pursuant to and in accordance with Listing Rule 7.1A and for all other purposes, the Shareholders approve the Company having the additional capacity to issue Equity Securities in an amount up to 10
Slide 27: Item 5. Approval of prior issues of securities
Item 5. Approval of prior issues of securities to refresh the Company’s 15% placement capacity “That pursuant to and in accordance with Listing Rule 7.4 and for all other purposes, For personal use only Resolution 5(a): Shareholders ratify the issue of 650,000 Shares on 2 March 2018, issued as consi
Slide 28: Item 6. Approval of Indiana Resources Limited Option Plan
Item 6. Approval of Indiana Resources Limited Option Plan For personal use only Resolution 6: "That, for the purpose of Listing Rule 7.2 (Exception 9(b)), sections 200B and 200E of the Corporations Act and for all other purposes, approval is given to adopt the Indiana Resources Limited Option Plan t
Slide 29: Item 7. Approval of issues of equity securities to Bronwyn Barnes
Item 7. Approval of issues of equity securities to Bronwyn Barnes For personal use only Resolution 7(a): “That, for all purposes including for the purposes of ASX Listing Rule 10.14 and section 195(4) of the Corporations Act, Shareholders approve the grant of 800,000 Options to Bronwyn Barnes or her
Slide 30: Item 8. Board spill meeting
Item 8. Board spill meeting Resolution 9: “That, for the purposes of section 250V(1) of the Corporations Act and for all other For personal use only purposes: (a) A meeting of the Company’s members be held within 90 days of the date of this Annual General Meeting (Spill Meeting); (b) All of the Dire
Slide 31: An Exciting Future In Mali
For personal use only An Exciting Future In Mali C O N TA C T D E TA I L S Chris van Wijk Chief Executive Officer Suite 4, Level 1, 2 Richardson Street West Perth WA 6005 T: + 61 8 9388 7877 E: info@indianaresources.com.au 28
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