West African Resources Ltd · ASX:WAF
West African Resources — Investor Presentation (August 2012)
30 slides from West African Resources's investor presentation, August 2012
Slide 1: Investor Presentation
Investor Presentation August 2012 Richard Hyde Managing Director West African Resources Ltd
Slide 2: Disclaimer and JORC Notice
DISCLAIMER AND JORC NOTICE This presentation has been prepared by West African Resources Limited (‘WAF’ or the ‘Company’). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect
Slide 3: Agenda
AGENDA THE THE THE THE COMPANY COUNTRY EXPLORER FUTURE
Slide 4: The Company
£ THE COMPANY
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS Largest 3km along strike Targeting ASX-listed from emerging maiden resource landholder in 3.5Moz deposit estimate in 2012 Burkina Faso, West Africa 30 contiguous Major permits covering 6,370km2 over 200km strike of Copper-Gold greenstone discovery in 2012
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS Highly-skilled team, hands-on West African experience WAF-owned fleet of six rigs, low cost exploration $4m cash to fund aggressive drilling campaign for 2012-2013
Slide 7: The Company: Capital Structure July 2012
THE COMPANY CAPITAL STRUCTURE 31 July 2012 Total Ordinary Shares on Issue： 163.4M Director & Management Options： 38.6M Number of shareholders： 1,040 Directors & Management Interest： 35% Top 20 Shareholders： 65% Cash： $4M Market Capitalisation at $0.18： $29.4M
Slide 8: Board
BOARD Francis Harper - Chairman Investment Banker, 25 yrs. experience Richard Hyde - Managing Director Geologist, 15 yrs. experience Stephen Ross - Non-Exec Director Geologist, 18 yrs. experience Simon Storm - Non-Exec Director Accountant, 25 yrs. experience
Slide 9: The Country
THE COUNTRY
Slide 10: Burkina Faso
BURKINA FASO More than 4th largest 1/5 of West Africa’s gold producer in Africa total greenstone belt by the end of 2011 exposure Six new Investment mines in production in friendly mining code the past five years
Slide 11: The Explorer
“\ THE EXPLORER
Slide 12: Boulsa Project
BOULSA PROJECT BURKINA FASO OUAGADOUGOU
Slide 13: Boulsa Project
BOULSA PROJECT
Slide 14: Boulsa Project
BOULSA PROJECT Over 30 contiguous permits, 100% owned covering 6,370 km2 200km strike of greenstone belt Along strike from emerging 3.5Moz deposit Extensive near-surface gold mineralisation in RAB & RC drilling High-grade gold mineralisation in 3.5Moz Au Bomboré deeper diamond core drilling
Slide 15: Sartenga
SARTENGA Major Copper-Gold discovery at 100%-owned Sartenga Prospect Porphyry-related Au-Cu-Mo mineralisation Grades up to 1.1g/t Au, 0.8%Cu, 1355ppm Mo in drillcore Sulphide results including 45.5m at 1.1g/t Aueq* from 112m - including 15.5m end of hole at 1.6g/t 72.8m at 1.08g/t Au and 0.48% Cu, -
Slide 16: Sartenga
r 22,000E 1 Kilometre Section 2 29m @ 0.6g/t Au, 0.3% Cu 12m @ O.6g/t Au, 0.2% Gu 12m @ 0.6g/t Au, 0.2% Cu 26m @ 0.7g/t Aueq* > 14,000N Section 1 4m @ 1.3g/t Au, Cu pending 4m @ 0.8g/t Au, 0.2% Cu 12m @ 0.6g/t Au, 0.2% Cu 4m @ 0.6g/t Au, 0.2% Cu @ Diamond Core @ RC — Aircore Line Incomplete em Airco
Slide 17: Sartenga
(A) North-West | gm @ o.3g/t Au, 0.7% cu] | 70m @ 1.19/t Au, 0.5% Cu South-East (B) x 2 2 © ere > > ov v y e SS ss | gS § Soe ca gS 3 SF Ss 36m @ 0.4g/t Au, 0.1% Cu / 24m @ 0.9g/t Au, 0.1% Cu 20m @ 0.2g/t Au, 0.7% Cu 300 RL ¥ ¥ 28m @ 0.3g/t Au, 0.5% Cu f Incl 12m @ 0.2g/t Au, 0.9% Cu 96m @ 0.6g/t Au
Slide 18: Moktedu Prospect
MOKTEDU PROSPECT high-grade oxide mineralised zone from surface WAF discovery from first principles in 2011 10km target strike length, supported by coincident magnetic trend, WAF RAB and auger drilling, and historic soil sampling High-grade gold from surface and at depth over 500m strike 3.5Moz Au F
Slide 19: Moktedu Prospect
MOKTEDU PROSPECT high-grade results from surface and at depth RC Drilling 6m at 8.36 g/t Au from surface, including 1m at 42.95g/t Au 20m at 0.64 g/t Au from surface, including 8m at 1.24g/t Au 3m at 7.64 g/t Au from 33m, including 1m at 20.93g/t Au 4m at 8.39 g/t Au from 4m Diamond Drilling 21m at
Slide 20: Moktedu
5 - 7 _ 730,000E “4 2 Ea °740,000E 4 Significant RC / Diamond Result e @® istorical soit Anomaly (GD war Auger +RAB Anomaly @®D Bombore Deposit Outine , [1 Tenement - Granted jin late 2072 Ls ap . 6m at 8.36 gf Au a r 1,3! so egy y ag Wy Sondo1 te Orezone Excision 730,000E MOKTEDU
Slide 21: Moktedu
North-West South-East 300RL 300 RL $ £ . 8.39 git Au S 12m at 1.58 g/t Au ye sniatic 88° ase of oxidation _ WEY, 9m at 0.40 gitAu | 4m at 0.54 git Au / @® Miineraised Zone > Alteration Zone Supergene Halo 21m at 1.13 g/t Au ~~ Mica Schist 50 metres incl 1m at 10.96 g/t Au Diorite MOKTEDU
Slide 22: Moktedu
North-West 300 RL South-East 300 RL Base of oxidation 20m at 0.64 git Au from surface including 8m at 1.24 from 4m 50 metres @® Mineraised Zone (D)) Alteration Zone Supergene Halo ~~ Mica Schist Diorite MOKTEDU
Slide 23: Meguet Prospect
MEGUET PROSPECT
Slide 24: Meguet Prospect RC & RAB Results
MEGUET PROSPECT RC & RAB RESULTS 2009-10 RC Results 2011-12 RAB Results 7m at 2.32g/t Au from 4m 10m at 7.67 g/t Au from 0m, ended in mineralisation 8m at 2.52g/t Au from 37m 10m at 2.77 g/t Au from 0m, ended in mineralisation 20m at 0.95g/t Au from 0m 24m at 1.00 g/t Au from 0m, ended in mineralisa
Slide 25: Meguet
i = RC Drill Collar 747,000E Ended in Mineralisation 1 [email protected] git Au from 20m 747 500E Sasso A 40.5 git Au DrillIntercept GApienlltcs [email protected] g/t Au from 28m (a) <= Interpreted Fault 200 metres ~~~ Shear Zone [email protected] g/t Au from 30m [2] Matic Votcanics [J Granodiorite [email protected] g/t Au from 8m E of)
Slide 26: The Future
THE FUTURE
Slide 27: 2012-13 Field Season and Beyond
2012-13 FIELD SEASON AND BEYOND… Badnogo Three discoveries since 2010 Sartenga Over 40km of auger geochem anomalies to follow-up WAF-owned fleet of six rigs minimising exploration spend Meguet Cost-effective exploration Bissiri Auger-drilling Moktedu 2012-2013 field season 3.5Moz Au Bomboré, Orezone
Slide 28: Summary
SUMMARY WAF- Highly-skilled Largest team, hands-on West ASX-listed landholder owned fleet of African experience in Burkina Faso six rigs, low-cost exploration
Slide 29: Summary
SUMMARY Cu-Au High-grade Au Targeting Results including 6m at maiden resource Discovery 8.36g/t Au from surface estimate in results including December 2012 72.8m at 1.08g/t Au and 0.48% Cu from 6m downhole
Slide 30: Investor Presentation
WEST AFRICAN RESOURCES LTD www.westafricanresources.com ACN 121 539 375 Richard Hyde Nathan Ryan Managing Director Investor Relations +61 8 9481 7344 +61 420 582 887 Investor Presentation August 2012
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