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Sydney Gold Symposium November 2011 Building a Gold, Silver and Zinc House
Transcript
Page 1: 1640 morrie goodz

Sydney Gold Symposium – November 2011

Building a Gold, Silver and Zinc House

Page 2: 1640 morrie goodz

2 November 2011 Update: Building a Gold – Silver – Zinc House

Disclaimer • The information contained in this presentation has been prepared by MacPhersons Reward Gold Ltd (MRP).

This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MRP. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act.

• While the information contained in this presentation has been prepared in good faith, neither MRP or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of MRP, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.

• This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks, uncertainties and other factors, many of which are outside the control of MRP can cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, gold price volatility, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation.

• Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward-looking statements made.

• Exploration targets are conceptual in nature and drilling may not convert these to resources.

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3 November 2011 Update: Building a Gold – Silver – Zinc House

Today’s Message

• Nimbus – Boorara Silver-Gold-Zinc-Copper-Lead

• Existing silver-gold-zinc deposits

• New polymetallic extensions

• Current plan for 2011-2012

• Coolgardie Gold Projects

• Tycho JORC update and mine plan

• MacPhersons – A-Cap – Salvo ongoing drilling

• Plan to production

Page 4: 1640 morrie goodz

4 November 2011 Update: Building a Gold – Silver – Zinc House

Heart of the Goldfields

Page 5: 1640 morrie goodz

5 November 2011 Update: Building a Gold – Silver – Zinc House

Chairman (Executive) Ashok Aaron Parekh BBUS, FCA, AIMM, FTIA Chartered Accountant 32 years experience Coordinate assets for IPOs

Managing Director (Executive) Morrie David Goodz MSc (Mining Geol), MBA, Cert Mine Manager, FAIMM Geologist – 33 years experience Discovered/Designed 4 decline mines

Non-Executive Director Jeffrey Wayne Williams BSc (Mining Eng), MBA, FAIMM Mining Engineer – 38 yrs experience Founder – Mineral Deposits (MDL)

Company Secretary Stephen Hewitt-Dutton BBus, CA, SA Fin Chartered Acct – 17 yrs experience Specialist – Mergers & Acquisitions

Operations Management Ray Wright Cert Mine Manager 45 years experience Owner/Operator of 4 producing mines

Prospecting Adviser Bill Powell Mine Owner / Operator 56 years experience Discovered Powell/MacPherson mines

People

Page 6: 1640 morrie goodz

6 November 2011 Update: Building a Gold – Silver – Zinc House

Corporate

ASX Code: MRP ASX Listed: December 2010 Ordinary Shares: 214 million Unlisted Options: 20 million Market Cap: A$68 m at 32 cents Cash: A$17m

PROJECTS

100% Gold Operations at Coolgardie 100% Nimbus Silver-Gold-Zinc-Cu-Pb Deposit 100% Boorara Gold & Ag-Au-Zn mining leases Substantial Shareholders

Directors/associates 36%

XSO= small cap stocks - daily (blue line)

MRP= MacPhersons share price - daily (red line)

MRP

XSO

Page 7: 1640 morrie goodz

7 November 2011 Update: Building a Gold – Silver – Zinc House

Our Targets*

• The Directors are currently planning operations with a target of moving from Explorer to Producer in 7 months

• 2012 - 25,000 oz gold

• 2013 - 50,000 oz gold / 1 Moz silver

• 2014 - 75,000oz gold / 1+ Moz silver

- zinc-silver-gold-lead concentrate

* Note – exploration targets are conceptual in nature and drilling may not convert these to resources.

Page 8: 1640 morrie goodz

8 November 2011 Update: Building a Gold – Silver – Zinc House

Nimbus – 6 Moz Ag Target*

7m @ 112g/t Au

84,600 oz Au Mill

6 Moz Ag

* Note – exploration targets are conceptual in nature and drilling may not convert these to resources.

Page 9: 1640 morrie goodz

9 November 2011 Update: Building a Gold – Silver – Zinc House

Silver Upside

Page 10: 1640 morrie goodz

10 November 2011 Update: Building a Gold – Silver – Zinc House

Nimbus Silver Mine & Mill

• Largest Silver Mine in Kalgoorlie Goldfields – unique Ag-Au-Zn-Cu-Pb opportunity

• Closed in 2007 – ave silver price US$9/oz; A$10m cash from 3.6 Moz

• 3.6 Million ounces silver at 353g/t (11.4 oz/t silver or 9 g/t gold equiv)

Page 11: 1640 morrie goodz

11 November 2011 Update: Building a Gold – Silver – Zinc House

Nimbus Exploration Potential

5 or more

VHMS deposits

Ag-Au-Zn-Cu-Pb

Mineralisation

Wireframes

To 300m Depth

Page 12: 1640 morrie goodz

12 November 2011 Update: Building a Gold – Silver – Zinc House

Ag-Au-Zn-Cu-Pb to 300m

A

A’

Page 13: 1640 morrie goodz

13 November 2011 Update: Building a Gold – Silver – Zinc House Limited Zn-Cu-Pb assays up to 39%-6%-16% per metre respectively)

Page 14: 1640 morrie goodz

14 November 2011 Update: Building a Gold – Silver – Zinc House

10m Zn-Pb-Ag Massive Sulphides

Page 15: 1640 morrie goodz

15 November 2011 Update: Building a Gold – Silver – Zinc House

Boorara

Wireframes >350 g/t Silver Significant Gold Deposit

Within 2km of Nimbus

7m @ 112g/t Gold

(incl 1m @ 738 g/t Gold)

500m north of CAT

Page 16: 1640 morrie goodz

16 November 2011 Update: Building a Gold – Silver – Zinc House

Pit 1 Optimisation on 45Koz JORC

Spider 1 Spider 2

Page 17: 1640 morrie goodz

17 November 2011 Update: Building a Gold – Silver – Zinc House

Page 18: 1640 morrie goodz

18 November 2011 Update: Building a Gold – Silver – Zinc House

Depth & Strike Potential

Pumphrey Discovery

Page 19: 1640 morrie goodz

19 November 2011 Update: Building a Gold – Silver – Zinc House

Video Flyover (on-line)

Page 20: 1640 morrie goodz

20 November 2011 Update: Building a Gold – Silver – Zinc House

Pit Design Study underway

Q4 2011 Projects

• Tycho JORC Update

• Metallurgical Testwork

• Pit Model Study

• Complete MacP Drill Program

Rib Pillar to be removed

Page 21: 1640 morrie goodz

21 November 2011 Update: Building a Gold – Silver – Zinc House

Key Assets -Points of Difference

• ASX-MRP

• Price: 32 cents

• Mkt Cap: A$68m

www.macphersonsreward.com.au

Page 22: 1640 morrie goodz

22 November 2011 Update: Building a Gold – Silver – Zinc House

Competent Person Statement

The information in this presentation that relates to mineral resources and

exploration results is based on information compiled by Mr Morrie Goodz who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Morrie Goodz is a full time officer of MRP and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Goodz has given his consent to the inclusion in this presentation of the matters based on the information in the form and context in which it appears.

Page 23: 1640 morrie goodz

23 November 2011 Update: Building a Gold – Silver – Zinc House

Our Opportunities

Nimbus Silver Gold Zinc Copper Lead Targets*……

• 6 million ounce silver exploration target*

Tonnes Grade Ounces Ag

Oxide and primary zones 550,000 – 700,000

140 – 210 g/t Ag 2.5M – 4.7M

Tailings 170,000 – 320,000

50 – 150 g/t Ag 0.3M – 1.1M

Unprocessed stockpiles 40,000 – 55,000

50 – 200 g/t Ag 0.13M – 0.16M

Page 24: 1640 morrie goodz

24 November 2011 Update: Building a Gold – Silver – Zinc House

Our Opportunities

Nimbus Silver Gold Zinc Copper Lead Targets*……

• Primary zinc-copper-lead-silver at depth to 370 metres

up to 20m thick VHMS breccia with HGZ >20% Zinc, >1500g/t Silver, and >5% Lead over 2-3m core width; copper grades up to 6%

• Existing silver plant will be expanded and modified

• Drilling underway to determine:

metallurgy/plant changes/resource

Boorara Silver Gold Zinc Copper Lead Targets*……

• Brindabella, Condor, Gretel and Tramways * Note – exploration targets are conceptual in nature and drilling may not convert these to resources.

Page 25: 1640 morrie goodz

25 November 2011 Update: Building a Gold – Silver – Zinc House

Our Opportunities

Gold Targets*……

• Coolgardie

Tycho JORC Resource Update

Open Pit planning

Metallurgical Testing underway

MacPherson Pit Drilling to be completed in October

* Note – exploration targets are conceptual in nature and drilling may not convert these to resources.

Page 26: 1640 morrie goodz

26 November 2011 Update: Building a Gold – Silver – Zinc House

Our Opportunities

Gold Targets*……

• Nimbus Gold – multiple 10g/t intersections

• Boorara Gold – 84,600 oz JORC resource

2km WSW from the Nimbus Mill

• Boorara Gold – New Northern extension

2km West from the Nimbus Mill

7m @ 112 g/t gold from 56m downhole

* Note – exploration targets are conceptual in nature and drilling may not convert these to resources.

Page 27: 1640 morrie goodz

27 November 2011 Update: Building a Gold – Silver – Zinc House

Nimbus Silver Pits

• Mining completed 2006 – 2007 to top of supergene zone

• 3.6 Million ounces silver at 353g/t (11.4 oz/t silver or 9 g/t gold equiv)

• Ore was still exposed in all 4 leading pit faces and pit floor

Page 28: 1640 morrie goodz

28 November 2011 Update: Building a Gold – Silver – Zinc House

13m Zn-Pb-Ag Massive Sulphides

Page 29: 1640 morrie goodz

29 November 2011 Update: Building a Gold – Silver – Zinc House

33m Zn Semi Massive & Breccia Sulphides

Page 30: 1640 morrie goodz

30 November 2011 Update: Building a Gold – Silver – Zinc House

Breccia Sulphide Contact

Page 31: 1640 morrie goodz

31 November 2011 Update: Building a Gold – Silver – Zinc House

Massive Sulphides

Page 32: 1640 morrie goodz

32 November 2011 Update: Building a Gold – Silver – Zinc House

Nimbus Core Facility

Page 33: 1640 morrie goodz

33 November 2011 Update: Building a Gold – Silver – Zinc House

Near Term Gold Output-Coolgardie

Rib Pillar

Page 34: 1640 morrie goodz

34 November 2011 Update: Building a Gold – Silver – Zinc House

A-Cap


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