OKYO Pharma Limited · NASDAQ:OKYO
OKYO Pharma — West African Minerals — Investment Discovery Forum - Mining Indaba 2015
20 slides from OKYO Pharma's conference presentation, February 2015
Slide 1: Building Value at Every Stage
Investment Discovery Forum BUILDING VALUE at every stage Mining Indaba AIM: WAFM | www.westafricanminerals.com February 8-12, 2015
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”), and the information contained herein, is not for general release, distribution or publication into or in any other jurisdiction where applicable laws prohibit or restrict its release, distribution or publication. This Presentation is being issued by Wes
Slide 3: West African Minerals Corporation (WAFM) Group Overview
West African Minerals Corporation (WAFM) Group Overview Share Capital Issued Share Capital 376.7M Options and Warrants 66.7 M Fully-diluted Share Capital 443.5 M Market Capitalisation1 £10.1M Market Capitalisation1 US$15.2M Cash2 US$7.0M Share Performance Cameroon 8 Interest: 100%3 6 Tenement: 5 exp
Slide 4: Competitive strengths
Competitive strengths • Strong cash position of approximately US$7 million (at 02-02-15) • Two potential start-up opportunities in coastal Cameroon • Significant long-term value from large inland licenses • Highly skilled management team focused of building value Management’s goal is to create susta
Slide 5: Highly experienced team with proven track record
Experienced Team Bradford Mills Current CEO of Mandalay Resources Corporation (TSX:MND) Founder and Managing Director of Plinian Capital Limited Executive Chairman Former CEO of Lonmin plc and President of BHP’s Copper Group Anton Mauve Twenty years of experience in the resource industry Man
Slide 6: Cameroon-Congo Brazzaville iron belt – the 'African Pilbara'
Cameroon-Congo Brazzaville iron belt – the ‘African Pilbara’ Investment Discovery Forum – Mining Indaba 2015 5
Slide 7: Gateway Opportunities – Sanaga
Gateway Opportunities –Sanaga Sanaga Current Status • NI-43-101 Inferred Mineral Resource of 82.9 Mt @ 32.1% Fe at a 25% Fe cut-off grade to a depth of 150m below surface (RNS 5th February 2015). • 2,214m RC infill drilling in 37 holes targeting NW-dipping magnetite gneiss units which have now been
Slide 8: Sanaga Inferred MRE
Sanaga Inferred MRE Drill-confirmed iron mineralisation occurs over a strike length of about 3km and multiple mineralised zones ranging in true thickness from 20m to 100m Investment Discovery Forum – Mining Indaba 2015 7
Slide 9: Sanaga Maiden Inferred MRE
Sanaga Maiden Inferred MRE NI-43-101 compliant Inferred Mineral Resource – 19 January 2015* Sanaga Inferred Mineral Resource at a 25% cut-off Mineralisation Tonnes Fe SiO2 Al2O3 P LOI Domain (millions) (%) (%) (%) (%) (%) Oxidised Cap 15.8 37.3 37.7 5.0 0.05 3.09 Magnetite gneiss 67.1 30.8 48.5 3.4
Slide 10: Sanaga Preliminary Metallurgical Test Results
Sanaga Preliminary Metallurgical Test Results Davis Tube Recovery (DTR) magnetic separation at a grind size of 75 µm yielded concentrates of approximately 69% Fe at average mass recoveries of 48% for fresh, and 35% for oxidised material. DTR Summary (1.8A, 3500 Gauss)* Ore type Grind Feed Conc. Mass
Slide 11: WAFM value strategy #1 – coastal advantage
WAFM value strategy #1 – coastal advantage Gateway opportunities – leveraging existing/developing infrastructure Sanaga - 60km from Douala seaport, 10km to existing main rail line & power Sanaga Binga – 80-100kms from the Kribi bulk iron ore seaport under development Binga Investment Discovery For
Slide 12: Gateway Opportunities – Binga
Gateway Opportunities –Binga Binga Current Status • NI-43-101 compliant initial Inferred Mineral Resource of 30.5 Mt @ 29.7% Fe at a 25% Fe cut-off grade, representing infill drilling of 5,806 metres in 3 blocks. • Ground-based geophysical surveys indicate several promising targets extending over a
Slide 13: Binga Resource Blocks
Binga Resource Blocks Binga Inferred Mineral Resources as at 13 January 2014 25% Fe Cut-off Grade Tonnes Fe SiO2 Al2O3 P LOI Mineralisation Domain New Central Binga (millions) (%) (%) (%) (%) (%) Supergene Enriched targets display excellent 3.6 32.0 36.4 10.1 0.069 5.6 Cap correlation with the Magne
Slide 14: Binga Metallurgical Test Results
Binga Metallurgical Test Results Preliminary metallurgical test work confirms saleable magnetite concentrate of 61% to 64% Fe Distribution, % Grade, % Size fraction Mass Fe SiO2 Fe SiO2 P80 300 µm Mags 0.5A 35.4 75.4 8.9 61.1 10.9 P80 106 µm Mags 0.5A 30.1 68.7 3.2 64.4 4.7 • Material responds well
Slide 15: WAFM value strategy #2 – Large inland potential
WAFM value strategy #2 – Large inland potential Significant long-term potential - large interior projects • South Djadom - located immediately adjacent to Mbarga deposit NI 43-101 Inferred MRE on two initial blocks of 111.5 Mt @ 30.0% Fe at a 25% Fe cut-off grade including 15.6 Mt @ 40.7% at a 35%
Slide 16: WAFM's Current Status
WAFM’s Current Status • Strong cash position of approximately US$7 million (at 02-02-15) • Three resources discovered and defined in the last two years. Two available for rapid production start-up, close to port and infrastructure. • Low, in-country project maintenance cost. Investment Discovery For
Slide 17: WAFM's Current Value Creation Strategy
WAFM’s Current Value Creation Strategy In recognition of the current weak iron ore market, our strategy for value creation with the current portfolio is to: • Continue advancement of the Sanaga project in a low cost manner: – Securing port contacts and infrastructure allocations, – Conducting furthe
Slide 18: WAFM Investment Strengths
WAFM Investment Strengths Positive cash position • Cash position of approx. US$7 million (at 02-02-15). Experienced management • Experienced management team led by former senior executives at Lonmin and BHP Base Metals. Near-term value potential • Two potential start-up opportunities in coastal Came
Slide 19: Appendix
APPENDIX Investment Discovery Forum – Mining Indaba 2015 18
Slide 20: Why Cameroon?
Why Cameroon? Cameroon has the largest and most diversified economy of the 6-nation Central African Economic & Monetary Community Strategically located at the point of entry-exit for sub-region China has been an important partner to Cameroon for 40 years which is recently being strengthened
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