Gold Mountain Limited · ASX:GMN
Gold Mountain — Commissioners Gold — Latin America Downunder Conference 2013
14 slides from Gold Mountain's conference presentation, May 30, 2013
Slide 1: Chasing gold across the Pacific
ASX: CGU Chasing gold across the Pacific Latin America Downunder Conference 30 May 2013 Jason Needham (Exploration Manager & COO)
Slide 2: Disclaimer
Disclaimer Commissioners Gold Limited has prepared this presentation based on information available to it. Whilst all care has been made in preparing this presentation, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the informa
Slide 3: Commissioners Gold Limited
Commissioners Gold Limited About Commissioners Gold Directors & Management ASX: CGU Chris Battye (Executive Chairman) Listed: 2 September 2011 Robert Waring (Non-Ex Director) Shares Issued: 51m Wes Harder (Non-Ex Director) Options: 2.5m Price: $0.04 Keith Taylor (Company Secretary) Market Cap: $2.5m
Slide 4: A Change in Focus
A Change in Focus ASX: CGU The Problems The Solutions Lack of investor appetite for Invest in cash producing assets lengthy exploration • Gold production in short term • Investor’s moving away from • Company run on cashflow rather higher risk profile than capital raisings • Cash position too weak to
Slide 5: So Where?
So Where? ASX: CGU Excellent resource credentials Politically & economically stable Attractive investment environment Peru NSW South Pacific Ocean LATIN AMERICA DOWNUNDER 2013 PRESENTATION 5
Slide 6: Why Peru?
Why Peru? ASX: CGU NSW/Aust Peru Prospectivity (Au, Cu, Ag) Excellent Excellent Development opportunities Good Good Access to information Good Good Govt. supportive of mining Average Good Legal framework for mining Robust Robust Security of title Good Excellent Development costs High Moderate Labour
Slide 7: What's in Peru for CGU?
What’s in Peru for CGU? ASX: CGU Strong local partner – Australia Gold “AGC” • Unlisted Australian company based in Lima (5 years) • Established project management, legal, accounting, engineering, geology, security and logistics expertise in Peru 50/50 project acquisition JV across Peru (since July
Slide 8: Project Lines
Project Lines ASX: CGU Goldsmith Resources (southern Peru) • Small gold treatment plant • Gold production commencing current quarter Symbiotic • Underpinned by reprocessing tailings projects, Satellite Mining (southern Peru) aligned for mutual • U/ground mining operations to feed Goldsmith plant gro
Slide 9: Goldsmith Resources SAC
Goldsmith Resources SAC ASX: CGU Small gold treatment plant – 10,000 ounces gold p.a. initially CGU holds 25% interest in Goldsmith Resources SAC (GSR) • $400k investment for 25% in GSR, plus $100k in loans • Investment as part of $1.6m refurb. of existing treatment plant Production ready during cur
Slide 10: Satellite Mining
Satellite Mining ASX: CGU Focus on delivering gold ore to Goldsmith plant Higher Au grade, lower tonnage, higher % interest ore Dedicated to CIL & flotation circuits, approx 150 tpd Strong local mining infrastructure & services Visible gold in Saulito ore Projects under development & negotiation 1cm
Slide 11: Satellite Mining - Saulito
Satellite Mining - Saulito ASX: CGU High grade Au & Au-Cu mesothermal veins Currently in low tonnage production At least 2 mineralised corridors , some under Q cover Target head grade 12-16 g/t Au • Assays up to 104.5g/t Au & 14.6% Cu No local community Easy to improve road access LATIN AMERICA DOWN
Slide 12: Larger Opportunities in Peru
Larger Opportunities in Peru ASX: CGU Projects identified during Peru JV (since July 2012) Numerous projects in negotiation pipeline Projects under development & negotiation Focus on gold, silver and copper projects High grade, near production, low op cost Initial pool includes: • Piura Au-Ag-Pb (Cu
Slide 13: Observations from a newcomer
Observations from a newcomer ASX: CGU Positives Improvements Online access to geoscience Collect company exploration and mining titles info data • legislation & technology Government appreciates mining Clean up informal mining industry (in progress) Australian Embassy & • Informal miners are often A
Slide 14: Thankyou
Thankyou LATIN AMERICA DOWNUNDER 2013 PRESENTATION 14
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