Connecting investors to opportunities www.symposium.net.au
Duncan Chessell Executive Chairman
AUD$3M=£2M, £1=AUD$1.54 AUD$1= USD$1.03
February 2013 Investor Presentation
$5 M Capital Raise 4-22 Feb 2013 Investor Presentation v31-1-13
Disclaimer
Disclaimer
This document has been prepared by Endeavour Discoveries Limited (“EDV”, “Company”) and provided as a basic overview of the tenements
held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or any other
party may require to evaluate the prospects of the Company.
None of the Company, any of its related bodies corporate or any of their representatives assume any responsibility for, or makes any
representation or warranty, express or implied, with respect to the accuracy, reliability or completeness of the information contained in this
document and none of those parties have or assume any obligation to provide any additional information or to update this document.
To the fullest extent permitted by law, the Company, its related bodies corporate and their representatives expressly disclaim liability for any
loss or damage arising in respect of your reliance on the information contained in this document (including your reliance on the accuracy,
completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from
negligence.
The mineral tenements of the Company as described in this presentation are at various stages of exploration, and potential investors should
understand that mineral exploration and development are high-risk undertakings.
There can be no assurance that exploration of the Tenements, or any other tenements that may be acquired in the future, will result in the
discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically
exploited.
This document contains statements which may be in the nature of forward-looking statements. No representation or warranty is given, and
nothing in this presentation or any other information made available by the Company or any other party should be relied upon as a promise or
representation, as to the future condition of the respective businesses and operations of the Company.
Not a Disclosure Document
The investment opportunity outlined in this basic company overview, is not a “prospectus” or a “disclosure document” and as such does not
contain all the information that a full “prospectus” or a “disclosure document” would include. This overview is intended for: sophisticated
investors; professional investors; person(s) or entities who already hold an interest in securities in “EDV”, “the company”, Endeavour
Discoveries Ltd; or persons associated to “the company”. This is not a public offering.
Unlisted
The company is currently an unlisted Australian Public Company. Whilst at the time of preparation the intention of the Directors is to list the
company on the ASX as soon as market conditions are conducive to an IPO, this can not be guaranteed. Market conditions may not improve
or other factors may change the current intention to list the company. The ASX and/or ASIC may find fault and prohibit listing. A risk exists,
that the company may never list and you could lose all your funds invested, should the opportunity of an offer arise. This is not an offer
document.
Projects
Drill Targets ¨ Multiple drill targets beneath shallow high grade and wide
historical gold intercepts: 21g/t Gold, 25km untested on strike
¨ Multiple nickel sulphide drill targets from airborne EM survey
Domicile ¨ Conducive regulatory environment; low sovereign & political risk
¨ Suitable climate for uninterrupted exploration
Location ¨ Tenements are 100% unencumbered and have proven potential, yet
are relatively underexplored in highly prospective Gawler Craton
¨ Excellent infrastructure with easy rail and road access
¨ Logistics enable maximising dollars on ground; 600km from HQ
¨ BHP, Rio, Mungana Gold Mines and Kingsgate are proximal
neighbours
Ground
Holdings
¨ Large continuous ground holding in prime Gawler Craton (6,145km2)
¨ Highly prospective for metals: Au, Ni, Cu, U, IOCG, Fe, Sn, Pb, Zn
¨ Two drill-ready Uranium prospects
¨ Uranium spin off company potential (Endeavour Uranium Pty Ltd)
The Company ¨ Fresh company, with experienced and ambitious management
¨ Zero long-term debt; no liabilities
¨ Well thought-through execution strategy
¨ Motivated leadership team based locally, building a reputation
¨ Small market capitalisation; aim to create value by real results
Management ¨ Extensive geological, exploration, mining and logistics expertise
¨ Strong operational expertise with previous discoveries
¨ Experience of the financial services industry
¨ Outstanding leadership skills proven in extreme environments
Economic
Drivers
¨ World economy expected to recover medium term
¨ With central banks still striving to weaken their respective currencies,
demand for gold is expected to remain strong; demand for uranium is
set to double in medium-long term.
The Opportunity
5.5
times
increase
in Gold
since
1998
MIM drops Lake Labyrinth
Gold Prospect and all
precious metal exploration
due to decreasing prices
EDV acquires Lake
Labyrinth project
2012 No exploration for gold
(focus on other commodities) 1998: Gold $280/oz
Current $1,660/oz
1m@770ppb Au EOH
1m@350ppb Au EOH
100ppb Au
50ppb Au
Cross section CW1 – CW18 (aircore)
20m
-20m
-40m
50m
Potential for multiple shallow gold positions UNTESTED
RC drillhole CW20
[email protected]/t Au
incl [email protected]/tAu
High Grade Gold Intercepts
at shallow Depths
Cross section CW20 (RC)
Lake Labyrinth prospect: Tarcoola Project
Lake Labyrinth prospect: Tarcoola Project
Cross Section LL41 and LL35 (RC)
96m
120m
80m
Incl [email protected]/tAu
Incl [email protected]/tAu
Untested down
dip and along strike 50m
-50m
-100m
GOLD ZONE
Elevated gold at EOH: 4m@>0.1g/t Au
Opportunity
New exploration method for Gold exploration
developed by Endeavour Discoveries via
- collaborative R&D program with Adelaide University
- application of modern geophysical techniques
- remnant alteration mapping
- historic data analysis
- geochemistry
- mapping
Layers of information
New drill targets
Opportunity
Gold & Nickel potential at Tarcoola
- ignored for other commodities by
previous explorers
- 2001 Government AEM survey with 30
Nickel drill targets “lost” in archives
- 2012 EDV wins $80,000 Govt Grant to
drill Nickel targets
Uranium projects in suspension
-potential to spin off
The Deal
People
Position Price
Projects
Plan
Target commodities have early value step realisation
in project life cycle
Price
Strategy 2013 • raise A$5M unlisted for 3 to 12 months
drilling operations
• Work towards a VALUE STEP via real
results
• LIST at the right TIME (market
conditions)
Use of funds: GOLD 80% + Nickel 20%
INVESTOR DEAL $5M equity @ A$0.16 / ordinary share
The bonus: 1 free option for every 2 new shares, exercisable @ A$0.16
Offer opens : 4th February
Offer Closes : 22nd February 16c option valid for 12
months
Share
Price
Capital Structure
Cornerstone Capital Raising A $5M
Current shares issued 28M
New shares @16cents *plus 1 for 2
option 31.3M
Total issued shares post this raise
would be 59M
Cash backing per share estimated 11c
New shares – ‘cornerstone raise’ 53%
Capitalisation @ $0.16 $9.5 M
Estimated Cash at Bank
(After costs raise) $5.0 M
EV (Implied pre new money) $4.5 M
INVESTOR DEAL $5M equity @ A$0.16 / ordinary share
The bonus: 1 free option for every 2 new shares, exercisable @ A$0.16
Offer opens : 4th February
Offer Closes : 22nd February 16c option valid for 12
months
People – Board Members
Executive Chairman
Duncan Chessell, BSc
Geologist, entrepreneur, triple Everest summiter
Technical Director (Exploration)
Jim McKinnon-Matthews, BSc(Hons)
20 years’ geologist and multiple discoveries
Technical Director (Mining)
Jonathon Trewartha BEng
20 years’ mining engineer
Director
Gerard Pagliaro BA
30 years in finance and business
Position
Contemporary
Olympic IOCG
domain
BHP has increased its tenure
from 2,500km2 to 22,000km2 in
one year, largely outside the
contemporary IOCG domain.
BHP purchased $30M worth of
EL’s from juniors in the
process, valuing ground at
$1,500/km2.
EDV’s tenure of 11,884km2 @
$1,500/km2 multiplies to $18M.
IVR: Paris
silver
discovery
2011
Rex Minerals,
Hillside deposit
IOCG
Challenger Gold Mine
>1.7M oz Au
Tarcoola
Deposits
>200,000 oz Au
Area under
license
Carapeteena
Prominent Hill, OzMinerals
Adelaide New exploration
release area
EDV Tenements
BHP Tenements
Tunkillia Deposits
803,000 oz Au
Pertinent facts
•Gawler Craton is 100%
pegged
•Potential to pickup projects
from cash strapped juniors
•Deposits associated with
Olympic Dam are expected
BHP’s
Olympic Dam
EDV valuation
in this deal
$4.5M
Raise $5M
• Phase One • Geophysics programs & extensive drill
testing – Tarcoola
• Drill testing Lake Labyrinth prospect
$
• Leadership, admin, overheads Setup costs Ops equipment
• Phase Two cont.
• Drill testing – Tarcoola
• Geochem Musgrave
• Geophysics Tarcoola
• Follow up drilling phase 1 & 2 results
$2.5M *option
Plan
Review
• Geology
• Market conditions
• Decision to list via IPO
option
Review
• Geology
• Market conditions
• Decision to list via IPO
option
2013 2014 2012
Full scale exploration
This plan is subject to raising sufficient capital, to carry out the program, this can not be guaranteed. Current date
Current date
Company Structure
Endeavour Discoveries Ltd
Endeavour Copper Gold Pty Ltd
Tarcoola EL's
Musgrave EL's
Roxby EL's
Endeavour Uranium Pty Ltd
Marree EL's
Opportunity to spin off
Uranium assets into new
SPV with Uranium rights
across all other
tenements and Marree
project
Exploration Plan
Program Cost % Coverage or meters target Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2013 2014
Lake Labyrinth/Tarcoola Project Drill Targets
Air core drilling $850K 17% 18,000m Au
RC Drilling $700K 14% 7,000m Ni, Au
Diamond Drilling $400K 8% 1,500m Ni, Au
Air Mag $450K 9% 2,200km2 @ 50m spacing Au
Ground surveys, mapping, recce, heritage clearances
Ground EM, Site prep $380K 8% Heritage clearances, Access
Rehabilitation, environment, Ni, Au
Other Projects $150K 3% Tenement Rental, basic mapping Cu, Ni, U
Staff (all), admin, operations, assets
Operations staff $1.3M 26% Geologists, field assistants, logistics staff + food, fuel, accom
15 months
Operations Assets $280K 5% vehicles, tools, equipment, One time
Admin (non field) $490K 10% Office rent, board fees, accountants, audit, admin
15 months
Total $5M Estimate completing fund raising by the end of February 2013
Drilling Target generation (non-drilling)
This budget represents the first 1.3 years of a 2 year plan, with first tranche of funds available at 1st March 2013.
Would allow for aggressive exploration, with drilling planned for every quarter.
Questions ?
Lake Labyrinth prospect: Tarcoola
Project Multiple significant shallow
gold intercepts incl:
[email protected]/tAu within
Multiple shallow gold
intercepts incl:
[email protected]/tAu and
Poorly tested gold bearing
Structure over 25km. 100%EDV
Tarcoola Project
20km
High Priority
Target Areas
Bellbird - [email protected]/tAu
2nd Order Structure
1st Order Structure
ELA2012/275
Lake Labyrinth prospect: Tarcoola
Project
20km
Tarcoola Project
Lake Labyrinth prospect: Tarcoola
Project
CW80: [email protected]/t Au
from 16m
LL45: [email protected]/t Au
from 38m
LL22: [email protected]/t Au
from 8m (EOH sample)
LL42: [email protected]/t Au
from 46m
LL35: [email protected]/t Au from
10m and [email protected]/t Au from 64m
LL41: [email protected]/t Au from
36m incl [email protected]/t Au from 83m
LL37: [email protected]/t Au
from 32m and;
LL39: [email protected]/t Au
from 44m
CW20: [email protected]/t Au
from 26m
CW7: [email protected]/t Au
from 20m (EOH sample) CW38: [email protected]/t Au
from 20m
1km
1m@770ppb Au EOH
1m@350ppb Au EOH
100ppb Au
50ppb Au
Cross section CW1 – CW18 (aircore)
20m
-20m
-40m
50m
Potential for multiple shallow gold positions UNTESTED
RC drillhole CW20
[email protected]/t Au
incl [email protected]/tAu
High Grade Gold Intercepts
at shallow Depths
Cross section CW20 (RC)
Lake Labyrinth prospect: Tarcoola Project
Lake Labyrinth prospect: Tarcoola
Project Cross Section LL41 and LL35 (RC)
96m
120m
80m
Incl [email protected]/tAu
Incl [email protected]/tAu
Untested down
dip and along strike 50m
-50m
-100m
GOLD ZONE
Elevated gold at EOH: 4m@>0.1g/t Au
Acraman Project (Southern Tarcoola Project)
Doray Minerals ASX release
16 May 2012 Sheoak (Au) - historic8m @ 1.00g/t and 22m @ 1.08g/t
34m @ 0.42g/t including 2m @ 2.08g/t and 6m @ 0.95g/t
24m @ 0.40g/tBimba (Au) - historic28m @ 0.65g/t, including 8m @
1.25g/t
36m @ 0.4g/t, including 4m @ 1.4g/t
24m @ 1.14g/t, including 8m @ 1.97g/t and 2m @ 0.96g/t and 6m @
1.08g/t IVR: Paris silver
discovery 2011
Possible to exceed *50M
oz Silver *not yet declared – back of the envelope #’s
BHP tenure
Lakes
EDV EL
Lake
Acraman Formed by
meteorite impact
EDV ELs
EDV EL
Gold and Silver
•Targeting the margin
of Gawler Range
Volcanics.
•VMS or epithermal
structurally controlled
gold mineralisation.
•Same age
mineralisation event as
Olympic Dam,
Prominent Hill,
Carapateena, Tarcoola
and Tunkillia
EDV EL
EDV EL
EDV EL
Musgrave Project
Area of interest
•Potential for Gold
•Historic copper discovery - never drilled
•Proximal to graben (mineralising fluids)
•Potential for hydrothermal mineralisation
•Mis-mapped geology (Allcurra_Giles)
•Potential for Giles complex
•Potential for PGE, massive Ni sulphides
Exploration Plan
1. Mapping
2. Geochem
sampling outcrop
3. Prioritise survey
area
4. Airborne EM
survey
Pertinent Facts
1.Rail and highway
through EL
2.Not APY lands
3.Under explored
4.Shallow cover
5.Can use direct
targeting tools
(AEM) to vector
quickly Background Image: Regional TMI (Magnetics)
Roxby Too Project
Target
one
Target
two
Background image: regional gravity, with dark blue dashed lines outlining
magnetic anomalies
Olympic
Dam
Pertinent Facts
•No drill holes have tested basement
in our tenements
•Endeavour’s EL4911 is situated only
21km from BHP’s Olympic Dam
•Little drilling has been completed in
the area despite co-incident gravity
and magnetic features adjacent and
encroaching into our project area
•Two potential targets
•While the tenement is only 74km2,
the current Olympic Dam mine is
smaller in size
Exploration plan
Due to thick cover and
wide spaced historic
gravity data a new
close spaced gravity
survey is planned prior
to final approval to
diamond drill test the
two targets
Rumoured
major new
discovery
by BHP @
Wirrda Well
Gravity image
Marree Uranium Project
Conceptual Tertiary Roll Front
Uranium Project
Drill targets “Wolverine” and “Dingo”
identified
Anomalous Gamma Logs recorded from
wide spaced (>1km) regional historic
drilling on EDV project area
EDV with “first mover” advantage with
RIO Tinto on adjacent ground exploring
for Uranium
Potential for new roll front uranium
province
Recent Geoscience Australia sponsored
AEM survey supports the model
Drill
Targets
EDV
EL’s
Rio Tinto
After EDV