Aureka Limited · ASX:AKA
Aureka — Navarre Minerals — Shareholder Meeting (November 2012)
17 slides from Aureka's shareholder meeting presentation, Nov 30, 2012
Slide 1: 2012 Annual General Meeting Company Update
2012 Annual General Meeting Company Update Melbourne 30 November 2012
Slide 2: Forward-looking statement & disclaimer
Forward-looking statement & disclaimer The information contained in this presentation has been provided by Navarre and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representatives as to
Slide 3: Significant milestones - 2012
Significant milestones - 2012 Discovery of a potential new goldfield under cover in central Victoria at Tandarra prospect • First field season completed, 2012/13 field program underway • Bendigo North Project – 67 line km of CSAMT geophysics – >20km drilling completed – 14 confirmed gold-bearing qua
Slide 4: Strategic land position
Strategic land position Extensive tenement position with excellent exposure to gold and base metals growth Ballarat – Bendigo Corridor Bendigo North Project Group (Tandarra, Raydarra & Sebastian) • Quartz Reef & Secondary gold (alluvial & deep lead) Landsborough Fault Corridor Kingston & Glendhu Pro
Slide 5: Central Victoria gold endowment
Central Victoria gold endowment Dept. of Primary Industries predicts 32 Mozs of gold under cover north of Bendigo Source: Victorian Department of Primary Industries, Gold Undercover Initiative 2007
Slide 6: Bendigo North
Bendigo North An emerging gold district Four Eagles Prospect • 100% ownership of flagship Tandarra prospect • Earning 75% interest in Raydarra & Sebastian • Gold concealed by shallow Murray Basin sediments (1m – 80m deep) • Emerging gold belt controlled by Whitelaw Fault • Navarre controls 35km of s
Slide 7: Tandarra
Tandarra Best gold prospect in Victoria Raydarra & Tandarra Depth to Basement Showing all drilling September 2012 • New geophysical approach followed by scout drilling uncovers multiple lines of quartz reef • Scale potential from multiple quartz reefs EL 5364 4 km • Bulk sample of AC & RC drill resi
Slide 8: Tandarra: 2012 Drilling
Tandarra 2012 Drilling • Three high-grade lines of reef identified to date – Tomorrow, Macnaughtan & Reynolds lines • High grade and visible gold occurs within a broad halo of mineralised quartz close to surface
Slide 9: Tandarra drill highlights
Tandarra Tandarra drill highlights* High-quality project Air-core From (m) Length (m) Gold Assay (g Au/t) Hole ID ACT015 37.0 10.0 34.4 • Drill results supportive of includes 2.0 161.2 conceptual open pit: ACT151 69.0 4.5 23.1 includes 1.5 59.2 gold grades range from moderate to high-grade RC From
Slide 10: Tandarra Long Sections
Tandarra Long Sections South Un-tested for North Dingee Rd Area to be drilled – Under Crops Drilled October-November 2012 repetitions 850 m Macnaughtan Line South North Existing stockwork of gold mineralisation Tested for shallow repetitions 800 m Un-tested for repetitions or Dingee Rd Area to be dr
Slide 11: Bendigo Goldfield analogy
Bendigo Goldfield analogy World class gold deposit • Historic gold production from multiple lines of lode • Lines of lode are sub-horizontal with reefs repeating at regular intervals with depth • 18 million ounces of reef gold • 4 million ounces of alluvial gold • Probable 5 – 6 million ounces of go
Slide 12: Sebastian Gold Project
Sebastian Gold Project Potential shallow gold under cover • Farm-in, earning 75% interest • CSAMT detects potential reef structure • 15 AC holes drilled, results pending 9 km Under Cover Gold Potential Sebastian Goldfield (187,000 ozs past production) Bendigo Goldfield
Slide 13: Kingston
Kingston Emerging gold project close to established infrastructure • At-surface, oxide gold mineralisation with shallow high-grade gold intercepts including recent Navarre drilling - 16.9m @ 5.5g Au/t from 66m down-hole in DDK001 • Active mining jurisdiction – Stawell Gold Mines operation 30 kilomet
Slide 14: 2012/13 Exploration Program
2012/13 Exploration Program Testing the shallow open pit potential BENDIGO NORTH GOLD PROJECT • Drilling program underway • Delineation drilling over 4km strike of 3 high-grade reefs at Tandarra • Test other shallow regional quartz reef and alluvial gold targets • Bulk testing of AC and RC sample re
Slide 15: Corporate
Corporate ASX code NML (listed 31 March 2011) Shares on issue 59.6 million Options 2.49 million (unlisted) Share Price AUD$0.17 (27 November 2012) Market Cap $10.1 million (AUD$0.17) Cash $1.1 million (30 September 2012) Major Shareholders Crocodile Gold Corp. 9% (Owner of Fosterville and Stawell Go
Slide 16: Navarre Board & Management
Navarre Board & Management Experience & results Combined 60 years of exploration and operational experience in Victoria and track-record of bringing projects into production Kevin Wilson - Chairman John Dorward - Non-Executive Director Colin Naylor - Non-Executive Director Geoff McDermott - Managing
Slide 17: Navarre Minerals Limited
For more information contact Navarre Minerals Limited 40 – 44 Wimmera Street Stawell VIC 3380 Tel: 03 5358 8625 Website: www.navarre.com.au Email: [email protected]
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