Slide 1: Progressing a Major Gold Copper Project, Wonogiri, Indonesia
AUGUR RESOURCES LTD ABN 79 106 879 690 PROGRESSING A MAJOR GOLD COPPER PROJECT WONOGIRI, INDONESIA ASX: AUK www.augur.com.au
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forecasts and forward-looking information, including regarding possible or assumed future performance, costs, production levels or rates, prices, resources, or potential growth of Augur Resources Ltd (Augur), industry growth, or other trend projections.
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS 51% held with imminent 80% holding in large gold and copper Randu Kuning deposit in Indonesia. Initial gold & copper JORC mineral resource estimate being progressed. Drill results include: WDD005: 129m @ 1.15 g/t Au Equiv. (0.81 g/t Au, 0.19% Cu) from surface WDD008: 22
Slide 4: Randu Kuning – Development Schedule
RANDU KUNING – DEVELOPMENT SCHEDULE March – June 2012: Maiden resource definition 2012 to 2013: Pre-feasibility study July - September 2012: Preliminary mine design 2012: Continuation of Environmental Baseline studies 2012: Continuation of metallurgical studies 4
Slide 5: Location – On World Class Mineral Trend
LOCATION – ON WORLD CLASS MINERAL TREND WONOGIRI JV 5
Slide 6: Wonogiri - Overview
WONOGIRI - OVERVIEW Augur Resources Ltd (currently 51%), earning to 80% by late 2012. Joint Venture with PT Oxindo (MMG) (39%) and PT Alexis Perdana Mineral (10%). Strong partner in PT Oxindo (sub subsidiary of MMG) PT Oxindo buy back 65% of copper deposit option if +100 Mt Cu deposit with 0
Slide 7: Wonogiri Setting – Volcanic Caldera
WONOGIRI SETTING – VOLCANIC CALDERA Multiple Targets Porphyry gold-copper mineralisation at surface at Randu Kuning Extensive low sulphidation epithermal veins over >2.5 km in strike length surrounding Randu Kuning Extensive geochemical anomalies in the northern half of the IUP. Southern portion of
Slide 8: Randu Kuning – Porphyry Gold Copper
RANDU KUNING – PORPHYRY GOLD COPPER Drilling has indicated extensive gold- copper porphyry mineralisation from surface to below 400m depth. Mineralisation remains open at depth. High prospectivity of further mineralisation to the south and north of Randu Kuning. The gold and copper mineralisation oc
Slide 9: Randu Kuning – Selected Drill Results
RANDU KUNING – SELECTED DRILL RESULTS DHH1: 100m @ 1.37 g/t Au Equiv. (0.96 g/t Au, 0.23% Cu) from 66m WDD001: 68.6m @ 1.70 g/t Au Equiv. (1.16 g/t Au, 0.30% Cu) from 8.2m WDD005: 129m @ 1.15 g/t Au Equiv. (0.81 g/t Au, 0.19% Cu) from surface WDD008: 222m @ 1.31 g/t Au Equiv. (0.95 g/t Au, 0
Slide 10: Randu Kuning – Drill Section (1)
RANDU KUNING – DRILL SECTION (1) Gold and copper mineralisation from surface. Apparent widening with depth. Long continuous intervals 10
Slide 11: Randu Kuning – Drill Section (2)
RANDU KUNING – DRILL SECTION (2) Gold and copper mineralisation from surface. Open with depth. Very low expected strip ratio Oxide cap approximately 40 to 50m deep 11
Slide 12: Randu Kuning – Metallurgical
RANDU KUNING – METALLURGICAL First pass floatation tests under taken by AMMTEC in Perth on 3 separate sulphide samples (3 different holes) returning excellent recoveries. Gold recovery averaged 82.7% (range 78.6% to 88.7%) while copper recovery averaged 94.1% (range 92.1% to 96.1%). Gravity go
Slide 13: Randu Kuning – Development Schedule
RANDU KUNING – DEVELOPMENT SCHEDULE March – June 2012: Maiden resource definition 2012 to 2013: Pre-feasibility study July - September 2012: Preliminary mine design 2012: Continuation of Environmental Baseline studies 2012: Continuation of metallurgical studies 13
Slide 14: Epithermal Targets - Prospects
EPITHERMAL TARGETS- 4 PROSPECTS Multiple low sulphidation epithermal gold targets identified. Shallow mineralisation. Coarse gold present. Early drilling encouraging. Additional porphyry targets may exist at depth below the epithermal targets. 14
Slide 15: Epithermal Targets Progress Schedule
EPITHERMAL TARGETS PROGRESS SCHEDULE 2012: Reassess current results 2012: Continuation of target definition 2012 – 2013: Continuation of exploration drilling 2013: Preliminary metallurgical testing if warranted 15
Slide 16: Peer Group Comparison
PEER GROUP COMPARISON Company Major Projects Resource Gold Market Price 12 Month Listing oz (M) Capital Price Exchange Aus$ M Range Martabe 181.2Mt @ 1.34g/t 7.86 1054.0 0.51 0.35-0.73 Hong Kong G Resources Au & 12.5 g/t Ag Tujuh Bukit (80%) 1700Mt @ 0.41% Cu 25.14 484.9 0.915 0.82-2.34 ASX Intrepid
Slide 17: Corporate Snapshot
CORPORATE SNAPSHOT $0.50 $0.40 Chairman Norman Seckold $0.30 Managing Director Grant Kensington $0.20 Director Peter Nightingale $0.10 $0.00 Director Justin Werner 177.2 Million Shares on Issue Permgold Pty Ltd 29.18% 3 Million Employee Options Rosignol Pty Ltd 6.77% 7 Million unlisted Options HSBC
Slide 18: Summary
SUMMARY Advanced shallow gold and copper project with excellent supporting infrastructure Maiden resource expected mid 2012. Prefeasibility to commence Excellent initial metallurgy No forestry access restrictions over Randu Kuning deposit Experience Board and management team 18
Slide 19: Thankyou
THANKYOU Augur Resources Ltd Level 2, 66 Hunter St, Sydney, NSW 2000 Phone: +61 2 9300 3310 www.augur.com.au ASX code: AUK 19
Slide 20: Additional Information
ADDITIONAL INFORMATION Norm Seckold Chairman Norman Seckold graduated with a Bachelor of Economics degree from the University of Sydney in 1970. He has spent more than 25 years in the full time management of natural resource companies, both in Australia and overseas. Mr Seckold has been the Chairman
Slide 21: Additional Information
ADDITIONAL INFORMATION ORDINARY SHARES Nº OF TOTAL Nº Top 20 SHAREHOLDERS SHARES % 1 PERMGOLD PTY LTD 51,707,903 29.18 2 ROSIGNOL PTY LTD 12,000,000 6.77 3 HSBC CUSTODY NOMINEES (Australia) LIMITED 7,104,993 4.01 4 COMPANY FIFTY PTY LTD 6,000,000 3.39 5 ICHIYA CO LTD 4,947,102 2.79 6 COBUNGRA HOLDIN
Slide 22: Statement of Compliance
STATEMENT OF COMPLIANCE The information in this report that relates to Exploration Results is based on information compiled by Augur staff and contractors and approved by Mr Grant Kensington, geoscientist, who is a Member of the Australasian Institute of Mining and Metallurgy. Grant Kensington is a