Tawana Company Presentation ADU Aug201 Final

8/4/2019 Tawana Company Presentation ADU Aug201 Final

1/18


2/18

Disclaimer

The information contained in this presentation has been prepared by Tawana Resources Ltd (TAW). This presentation is not an offer,invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in TAW. Thispresentation 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 disclosuredocuments under Chapter 6D of the Corporations Act.

This presentation may contain certain forward looking statements and projections regarding estimated, resources and reserves; plannedproduction and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forwardlooking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees offuture performance and involve known and unknown risks, uncertainties and other factors many of which are beyond the control ofTawana Resources NL. The forward looking statements/projections are inherently uncertain and may therefore differ materially fromresults ultimately achieved.

Tawana Resources NL does not make any representations and provides no warranties concerning the accuracy of the projections, anddisclaims any obligation to update or revise any forward looking statements/projects based on new information, future events orotherwise except to the extent required by applicable laws. While the information contained in this presentation has been prepared ingood faith, neither TAW or any of its directors, officers, agents, employees or advisors give any representation or warranty, express orimplied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in thispresentation. Accordingly, to the maximum extent permitted by law, none of TAW, its directors, employees or agents, advisers, nor anyother person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, inrespect 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.

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled byLennard Kolff van Oosterwijk, who is a Member of the Australian Institute of Geoscientists included in a list promulgated by the ASXfrom time to time. Lennard Kolff van Oosterwijk is a full-time employee of the company and has sufficient experience which is relevantto the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as aCompetent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources andOre Reserves. Lennard Kolff van Oosterwijk consents to the inclusion in the report of the matters based on his information in the formand context in which it appears.

2


3/18

Company Highlights

3

Targeting multi Moz gold systems and other minerals in West Africa

Strategic Alliance with major shareholder Gryphon Minerals

Valuable South African asset base including 6.76% share of significantmanganese and iron ore projects

West African experienced board & management

2,000 km2 of highly prospective Archean and Birimian geology in Liberia

Applications pending approval for additional highly prospective ground

Certain permits along strike or adjacent to major gold discoveries; 5 MozIty, 1.5 Moz New Liberty and 0.8 Moz Dugbe

Aggressive exploration program underway; high priority targets defined

Non-core project rationalisation underway and expected to generateshareholder returns


4/18

Valuable South African Asset Base

6.76% equity interest in manganese and iron ore JV with Aquila Resources

Broker valuations of Avontuur alone potentially underpins Tawana marketcapitalisation

Enormous leverage into Gryphon Alliance, management and West Africa

Project Resource Grade Source

Avontuur Mn 108.9 Mt 38.6% Mn AQA Feb 2011

Meletse Fe 47.6 Mt 62.9% Fe AQA May 2010

Broker Avontuur

Macquarie $680 million

Southern Cross $590 million

CBA $252 million

TAW Motjoli

Rakana Aquila

TJV

26% 74%

26% 74%

4


5/18

Corporate Overview

Major Shareholders %

Gryphon Minerals Ltd 13%

Merriwee Pty Ltd 6%

Deck Chair Holdings 5%

Top 20 shareholders 63%

Directors Shareholding 9%

Capital Structure ASX & JSE: TAW

Shares on issue 857m

Market Cap @ 5 cents $43m

Options (1-35 cents, Nov11-Sep14) 180m

Cash $4.5m

Debt Nil

Share Price Performance LTM

5

0

5

10

15

20

25

30

35

40

0

0.01

0.02

0.03

0.04

0.05

0.06

Volume(millions)

Au$

TAW Aug 10 Aug 11


6/18

Board and Management

Warwick Grigor

Non-Executive Chairman

Executive Chairman andHead of Research atBGF Equities Pty Ltd

Julian Babarczy

Non-Executive Director

Fund Manager -NaturalResources Specialist

Extensive experience inall facets of finance

Euan Luff


Legal Senior Partner

Experienced companydirector

Matthew Bowles


Corporate finance and M&Aexpertise in mining sector

Chief Development OfficerGryphon Minerals Limited

Len Kolff

Chief Executive Officer

Geologist

15yrs+ exploration/resource evaluationexperience in Africa & Australia with RT

Integral in +2Bt Simandou Fe discovery

Discovered Cu-Au deposit at Northparkes

French/Spanish/Dutch speaker

Joe Collins

Consultant Geologist-SEMS

Liberian national

15yrs+ extensive Au exploration experiencein West Africa

Newmont Mining Corporation, BRGM

Accra/Monrovia based

French, Japanese speaker

6

Rockson Coffie

Senior Geologist

Ghanaian national

10yrs+ extensive Au exploration experiencein West Africa

5yrs in Liberia; Birimian-Archean settings

Ashanti Goldfields, Redback Mining

FIFO Ghana


7/18

Strategic Alliance announced Dec 2010

-GRY a major shareholder (13%)

- GRY to assist TAW with the identification, assessment and acquisitionof West African mineral permits

- GRY to assist in exploration, operational and logistical activities

-Alliance to target gold, base metals and other minerals throughoutWest Africa

Initial move into Liberia with 2 tenements granted

Additional opportunities continue to be reviewed throughout West Africa

Strategic Alliance with Gryphon Minerals

7


8/18

Liberia: A Country Overview

Eight years of political stability and economicreform after 15yrs civil unrest

Democratically elected President EllenJohnson-Sirleaf; first female African head ofstate

Modern Mining code

Pro-active Mining Govt encouraging mininginvestment

English speaking

Majors are active - BHPB, ArcelorMittal andSeverstral established in country

8


9/18

Why Liberia?

Liberia is underexplored

yet highly prospective- 1.5 Moz New Liberty

- 0.8 Moz Dugbe F

Highly prospective

Archean and Birimiangeology

Archean greenstones wellknown to host large high-grade Au deposits

- +19 Moz Tasiast

- 14 Moz Geita

9


10/18

Liberian Portfolio

Two licences grantedfor 1,591 km2

One licence under JVfor 400 km2

Additional licencespending approval

Adjacent to and alongstrike from knowndeposits

Targeting multi Moz

gold systems

10


11/18

Nimba Licence

Granted Feb 2011

995 km2

Archean/Birimiangreenstone and BIFs

Adjacent to 5 Moz Ity

gold mine Favourable structural,

lithological andgeophysical targets

Extensive artisanalactivity confirmed

Regional streamsediment samplingcompleted; awaiting

results11

Ity 5 Moz


12/18

Lofa Licence

Granted Feb 2011

596 km2

Archean greenstoneand BIFs

Along strike from 1.5

Moz New Liberty Major crustal scale

structures

Artisanal activityconfirmed

Regional streamsediment samplingcompleted; awaitingresults

12

New

Liberty

1.5 Moz


13/18

Sinoe Licence

13

Dugbe

0.8 Moz

400 km2 of highlyprospective Birimiangeology

20 km along strikefrom 0.8 Moz Dugbe

40 km along strike

from Bukon Jedehproject

Extensive artisanalworkings; no modernday exploration

Soil sampling andmapping nowunderway


14/18

West African Growth Strategy

TAW & GRY actively seekingand reviewing potential

growth opportunities inWest Africa

Alliance expected togenerate further licences innew countries in the nearterm

Targeting gold and othermineral opportunities

14


15/18

The next 12 months

Liberia

Exploration Phase 1 Completed

Assays & Reporting Oct 2011

Exploration Phase 2 Q3-4 2011

Drilling Priority Targets pending results Q1 2012

Secure tenure Ongoing

South Africa

Completion of Avontuur Feasibility Study Report Q4 2011

Portfolio rationalisation Ongoing

West Africa & Strategic Alliance

Project generation Ongoing

15


16/18

Company Highlights

16

Targeting multi Moz gold systems and other minerals in West Africa

Strategic Alliance with major shareholder Gryphon Minerals Valuable South African asset base including 6.76% share of significant

manganese and iron ore projects

West African experienced board & management

2,000 km2 of highly prospective Archean and Birimian geology in Liberia

Applications pending approval for additional highly prospective ground

Certain permits along strike or adjacent to major gold discoveries; 5 MozIty, 1.5 Moz New Liberty and 0.8 Moz Dugbe

Aggressive exploration program underway; high priority targets defined

Non-core project rationalisation underway and expected to generateshareholder returns


17/18

Suite 25, 145 Stirling Highway, Nedlands, Western AustraliaP.O. Box 3144 Broadway Nedlands WA 6009Phone: (08) 9389 3140 Fax: (08) 9389 3199

www.tawana.com.au


18/18

Date post:	07-Apr-2018
Category:	Documents
Upload:	venga1932
View:	213 times
Download:	0 times

Tawana Company Presentation ADU Aug201 Final

Documents