Ark Mines Ltd · ASX:AHK

Ark Mines — Investor Presentation (July 2016)

23 slides from Ark Mines's investor presentation, Jul 19, 2016

  1. Slide 1: Ark Mines Investor Presentation

    For personal use only ASX CODE: AHK www.arkmines.com.au

  2. Slide 2: Disclaimer

    Disclaimer The information contained in this presentation has been provided by Ark Mines Ltd and other sources identified herein. The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Ark Mines Ltd shares. The informa

  3. Slide 3: Company overview and shareholder structure

    For personal use only  2011 listing on the Australian Shareholder Structure Securities Exchange raising AUD$3.1M – ASX code is AHK  Emerging junior gold producer Board and  Mining Leases in Northern Territory related Parties (Mt. Porter and Glencoe) Other Ark 45.84%  Exploration Leases in N.T &

  4. Slide 4: Board and management

    For personal use only  Non Executive Chairman/Director  Mr. Antony Corel – Australian/HKSAR lawyer  Experienced mining lawyer  Non Executive Director/Company Secretary  Mr. Ian Mitchell – Australian lawyer  25 years director/secretary experience in mining companies  Managing Director  Roger

  5. Slide 5: Northern Territory projects 100% owned by AHK

    Northern Territory, Australia 100% owned by AHK For personal use only  Mount Porter/Pine Creek (completion in process)  Mining Licence 22839 and ELR116  34,200 Au ounces JORC 2004 – expandable resource  In production August 2016 23-25,000 poured ozs  Producing cash circa Aud$10M  Mt Porter Nor

  6. Slide 6: Tenement location map

    For personal use only ; ARAFURA SEA NORTHERN TERRITORY \delaide River [HB Ternements held by Arafura Resources to which Ark Mines is farming into. [= Tenements held by Territory Resources lie with Arafura Resources into which Ark Mines is farming into. — Highway —— Main road [I National Park

  7. Slide 7: Mt Porter infrastructure and proximity to mill

    For personal use only  Located 15km from the Union reef plant  Haul road extends to the Mill from Mt Porter  Mine worker accommodation in Pine Creek 7

  8. Slide 8: Mt Porter mining timeline

    For personal use only Commence •December 2015 MMP Complete •Feb 2016 MMP Backfill and Mining •July 2016 awaiting Rehabilitation Approval EPA consent completed Feb 2017 Appoint Mining Contractor ARK August 2016 Commences Backfill Mining ARK Commences September 2016 Ore Haulage Ark Pours October 2016

  9. Slide 9: Mt Porter mining and processing plan

     Mt Porter Mining Lease 22389 is in good standing For personal use only  Extensive and independent metallurgical testing completed  IMO gold recoveries - 73%  Union Reef Mill – 76%  Mt Porter Whittle pit optimisation and analysis completed  Supports cash flow positive mining case for ‘Union Re

  10. Slide 10: For personal use only

    For personal use only 10

  11. Slide 11: Mount Porter mine backfill plan

    Mount Porter Mine Back Fill Plan AR Ezosion Control Surtaces Cross Section 10435m North PINES 0.2 to. 0.4m layer oxide NAF flock compacted into Soil Layer: upper soll (Oxide NAF soit 1.5m thick, lightly | | Clay Seal: amelie Clay NAF 0m tick aan oe fich oxide NAF material, i ipen eas ra 1010 Gazer f

  12. Slide 12: Net cash from project at A$1700/oz gold

    For personal use only  At a Gold Price of A$1700/oz, the net cash to Ark from the project (including all company overheads) for the period is A$9.5M to A$11.5M after all costs 12

  13. Slide 13: Mt Porter North, Mt Porter, Mt Porter South

    For personal use only Mt Porter North Mt Porter Mt Porter South Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 Report No 1996/24 13

  14. Slide 14: For personal use only

    For personal use only Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 14 Report No 1996/24

  15. Slide 15: For personal use only

    For personal use only Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter 15 For the period 12/9/95 to 12/9/96 Report No 1996/24

  16. Slide 16: Exploration licences 10137 and 23237

    For personal use only  Exploration Licences 10137 & 23237 in good standing  Seven (7) highly prospective gold exposed reefs in a 2.5km zone amenable to simple, low cost, open pit mining  Over 2.4km of strike length – only 390m (16.25%) drilled  Company spending to date >AUD$450K  Recent mapping

  17. Slide 17: Golden Honcho high grade intersections

    For personal use only  Oxide zone between 40m and 50m  High Grade OP and underground Mining potential  45 AHK & ARU holes have intersected gold  Current strike length circa. 2400m  51 intersections >1m over 5g/t including: (refer to AHK ASX announcement 3/11/15)  5m@19.11g/t  4m@47.54g/t  3m

  18. Slide 18: Golden Honcho cross sections

    Golden Honcho lode EAST Sandstone Host Rock MINES. NORTHERN TERRITORY Mt Porter Project GOLDEN HONCHO PROSPECT Cross section 8 493 725 N looking north / GDA 94 ARK : 200 RL 190 RL 180 RL A7ORL 260 RL 350 RL AAO RL 130 RL WEST. EAST Sandstone Host Rock NORTHERN TERRITORY Mt Porter Project GOLDEN HONC

  19. Slide 19: Best intersections 2014, 2015 and 2004

    For personal use only • Best 2015 AHK intersections : – Best 2004 Arafura (ARU) intersections : • 5m @ 19.11g/t Au; – 3m @ 13.41 g/t Au, including 1m @ • 4m @ 47.54g/t Au; 30.8 g/t Au; • 2m @ 10.07g/t Au; – 2m @ 12.9g/t Au, including 1m @14.5 • 2m @ 13.29g/t Au; g/t Au; • 2m@ 11.61g/t Au; – 2m @ 6.6

  20. Slide 20: New drill targets from mapping and sampling

    For personal use only Recent mapping and rock chip sampling has opened up a number of new drill targets as well as extending existing high grade gold veins 20

  21. Slide 21: Glencoe mineral resource

    For personal use only  704,000 tonnes @1.9g/t Au with 253,000 tonnes @2.2 g/t Au oxide and 451,000 tonnes @ 1.7 g/t Au Fresh, this mineral resource estimate complies with recommendations in the Australasian Code for Reporting of Mineral Resources and Ore Reserves (2004) by the Joint Ore Reserves Co

  22. Slide 22: Investment highlights

    For personal use only  Low capex and Opex Cash Earner  Small High grade Gold Pit Factory  High Calibre Gold Real Estate  Non Dilutive Future  AHK undervalued against peers 22

  23. Slide 23: Contact details

    For personal use only  Antony Corel - Chairman  E-mail: acorel@arkmines.com.au  M: (+61) 434 531 997  Skype: antony.corel  Roger Jackson – MD  E-mail: rjackson@arkmines.com.au  M: (+61) 400 408 550  Website  www.arkmines.com.au 23

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