WA Gold Limited · ASX:WAU
WA Gold — Brazilian Metals Group — Investor Presentation (January 2013)
25 slides from WA Gold's investor presentation, January 2013
Slide 1: Treasure Copper Gold Project Cyprus
Brazilian Metals Group Limited Treasure Copper Gold Project Cyprus Sheared gossan with malachite at Laxia Black Pine Project January 2013 ASX: BMG Vrechia Mine Vrechia Project
Slide 2: Treasure Project Overview
TREASURE PROJECT OVERVIEW Volcanic Hosted Massive Sulphides (VHMS) and shear hosted copper-gold project in Cyprus Mix of advanced and high potential exploration areas covering over 200km2 High grade copper and gold assays from key zones Walk up drill target at Black Pine project (Laxia Prosp
Slide 3: Treasure Project Overview
TREASURE PROJECT OVERVIEW Highly Commercial acquisition terms linked to mining success Initially comprising $400k cash and $450k scrip Upon BFS being completed further $750k in scrip contingent Experienced Management Team with strong commercial and technical strength New Appointment - Chai
Slide 4: Republic of Cyprus
REPUBLIC OF CYPRUS GENERAL OVERVIEW Cyprus was a British protectorate and Crown Colony from 1878 to 1960 – a boost to modern mining Independence granted in 1960 with strong Greek influence Troodos Ophiolite Military coup in 1974 backed by Greece prompted invasion by Turkish forces Minas Gerais
Slide 5: Republic of Cyprus – Mineral Resources
REPUBLIC OF CYPRUS MINERAL RESOURCES Long known for rich VHMS copper Mine Name Type Avg. Cu (%) Tonnes Treated (000’s) Cu Tonnes (000’s) Period deposits since the Bronze Age Mavrovouni Underground 4.50 16,510 743 1929-1974 hosted by Troodos Ophiolite Skouriotissa Underground/ 2.50 6,780 170 1921-1
Slide 6: Cyprus – Strong Mining Heritage
CYPRUS STRONG MINING HERITAGE West of Kambia Project West of Vrechia Project Mathiatas Mine - Kambia Project 6 Kalavasos Mine – Black Pine Project
Slide 7: Treasure Project
TREASURE PROJECT VHMS and shear hosted Cu/ Au deposits with High Grade/ Large Tonnage Potential Regional mineralisation defined by the Troodos Ophiolite Complex 50km Cu/Au VHMS and shear hosted deposits, with significant Ni and Co credits Treasure Project prospects sit within key areas for Cu/
Slide 8: Black Pine Project – Primary Target Laxia to Pevkos
BLACK PINE PROJECT PRIMARY TARGET – LAXIA to PEVKOS Black Pine Project Laxia drill target forms part of a 5.5km long mineralised zone extending to Pevkos Reconnaissance sampling between Laxia and Pevkos confirms the continuity of the zone with reconnaissance mapping and sampling Drilling at La
Slide 9: Black Pine Project – Primary Target Laxia Prospect
BLACK PINE PROJECT PRIMARY TARGET – LAXIA PROSPECT Laxia has a ‘walk-up’ drill target defined by surface sampling, ground magnetics, previous drilling and adits within a significant zone of mineralisation o Immediate target area along 1km strike x 150m width o Gossans have been traced for 1400 met
Slide 10: Laxia – Adit Channel Sample Results
BLACK PINE PROJECT LAXIA - ADIT CHANNEL SAMPLE RESULTS Adits (horizontal access tunnels) through the mineralised zone show wide, rich zones of copper confirmed by historical drill holes o Weighted average for all adit samples was 2.94% Cu over 122.3 metres Laxia adit sampling included the follow
Slide 11: Laxia – Surface Samples
BLACK PINE PROJECT LAXIA - SURFACE SAMPLES Significant Au grades from surface sampling of 21 rock chip samples along a 660m strike length o Maximum of 13.45 g/t Au and average of 3.11g/t Au o 14 samples returned greater than 1 g/t Au Sample Location Co Ni Au Cu Number Easting Northing (g/t) (%) (p
Slide 12: Black Pine Project – Primary Target Pevkos Prospect
BLACK PINE PROJECT PRIMARY TARGET – PEVKOS PROSPECT Pevkos prospect is an area of high potential with significant Cu, Au and Ni results from historic drilling, adits and surface sampling o Multiple lodes have been intersected at ˃1% Cu o 5 surface samples of massive sulphate material averaged 5.5g
Slide 13: Black Pine Project – Pevkos Prospect
BLACK PINE PROJECT PRIMARY TARGET – PEVKOS PROSPECT Pevkos Gossan outcrop A. View of gabbro quarry from Pevkos B. Cu-stained (malachite) gossan at Pevkos C. Gossan with malachite staining between Pevkos and Laxia D. T2 adit entrance at Pevkos 13
Slide 14: Kambia Project – Primary Target
KAMBIA PROJECT PRIMARY TARGET Kambia Project area includes the Kambia, Mathiatas, Kappedes mines and the adjacent Sha mine and includes several old workings Samples of iron rich gossan include assays of 0.2% Cu, 1.38g/t Au, 3.47g/t Ag and 0.04% Cu, 4.98g/t Au, 4.56g/t Ag Cu sulphide deposits a
Slide 15: Kambia Project – Primary Target
KAMBIA PROJECT PRIMARY TARGET Mathiatas Mine Peristerka Mine 15
Slide 16: Vrechia Project – Primary Target
VRECHIA PROJECT PRIMARY TARGET Includes the abandoned Vrechia Pyrite Mine in an area of high VHMS potential Historic mining at Vrechia within the project are included 80,000t at 0.55% Cu and 120,000t at 0.45% Cu Rock Chip assays from the Vrechia open pit include 1.64g/t Au The Vrechia projec
Slide 17: Vrechia Project – Competitor Activity
VRECHIA PROJECT COMPETITOR ACTIVITY Northern Lion Gold Corp (TSX-V:NL) is exploring its St Nikolas Property just a few kilometres to the west of Vrechia Mine Drilling in 2011 by NL 800 metres to the west of the Vrechia Project are presented below. There are numerous gossans and a series of anc
Slide 18: Treasure Project – Proposed Development Plan
TREASURE PROJECT PROPOSED DEVELOPMENT PLAN Period Activities Immediate start to drilling on Laxia. Drill targets defined Complete drilling and sampling of Black Pine (Laxia - Pevkos) prospect NEAR TERM Establish Preliminary Resource estimate in accordance with the JORC code 2012 (0 – 12 months
Slide 19: Treasure Project – Potential Scoping Level Economics
TREASURE PROJECT POTENTIAL SCOPING LEVEL ECONOMICS Contract mining, third party infrastructure and toll treatment will be used where possible, with multiple options within the region, to minimise capex and fund operations from cashflow Scoping Study to be undertaken to validate management expect
Slide 20: Favourable Acquisition Terms
TREASURE PROJECT FAVOURABLE ACQUISITION TERMS Agreement to acquire 100% of the project Acquisition price of A$1.6m in cash and scrip, with A$750k contingent upon BFS milestone o $100k initial payment – paid November 2012 o $300k completion payment – post capital raising (by 30 June 2013) o $450k
Slide 21: Capital Structure
CAPITAL STRUCTURE ASX Codes: BMG/ BMGO Ordinary Shares on Issue: 146 Million Tradeable Options: 137 Million (ex at 20c until 31/03/2014) Share Price: $0.024 (December 2012 - January 2013) Market Capitalisation: ~$3.5m 21
Slide 22: Directors
DIRECTORS Mr Christopher John Eager – Chairman BEng, MBA – Mining Engineer Mr Eager is a mining engineer with over 25 years experience in the industry across a broad range of roles. He is currently the Executive Chairman of Resmin Plc, a private mining group based in the UK. During his career Mr Eag
Slide 23: Directors
DIRECTORS Mr Malcolm John Castle – Non-Executive Director B.Sc. (Hons), GCertAppFin (Sec Inst), MAusIMM – Applied Geology Mr Castle has over 40 years experience in exploration geology and project evaluation. He has wide experience in a number of commodities including iron ore, gold, base metals, ura
Slide 24: BMG Overview
BMG OVERVIEW Brazilian Project BMG is mining exploration and development company. The Company’s Rio Pardo Iron Project in Northern Minas Gerais, Brazil, is at an advanced exploration stage. The exploration program conducted by the Company has delineated a large area of Fe mineralisation at the Josil
Slide 25: Disclaimers
DISCLAIMERS Exploration Results and Mineral Resources The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Malcolm Castle, a competent person who is a Member of the Australasian Institute of Min
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