Polymetals Resources Ltd. · ASX:POL

Polymetals Resources — Polymetals Mining — Non-Deal Roadshow (June 2011)

29 slides from Polymetals Resources's roadshow presentation, Jun 7, 2011

  1. Slide 1: ASX/Media Announcement: Amended Investor Presentation

    ASX Codes Shares: PLY ASX/MEDIA ANNOUNCEMENT Shares on 7 June 2011 issue: 36,000,000 Amended Investor Presentation Share price Current: Please find attached an amended “Investor Presentation”. The original presentation released on 25th May 2011 contained elements where compliance with the JORC $0.95

  2. Slide 2: About Polymetals

    About Polymetals Polymetals Mining Limited is an emerging ASX-listed precious and base metals producer. Polymetals represents a unique opportunity to invest in a highly prospective gold play with current production and extensive track record. A rapid increase in gold production will follow explorati

  3. Slide 3: White Dam Gold Mine, South Australia

    White Dam Gold Mine, South Australia Over 25 years Polymetals has established a track record of delivering profitable Australian resources projects ASX:PLY Investor presentation | May 2011

  4. Slide 4: Disclaimer

    Disclaimer  This presentation has been prepared by Polymetals Mining Limited  To the maximum extent permitted by law, none of Polymetals, its (“Polymetals” or the “Company”) to provide existing and prospective related corporations or their directors, employees or agents, nor any investors in Polym

  5. Slide 5: Overview

    Overview The Polymetals Way Polymetals success emanates from our team of highly talented people who have strong “hands-on” capabilities developed from extensive experience. These capabilities allow us to operate in the „Polymetals Way‟ - enabling innovative, lean and safe, „fit for purpose‟ solution

  6. Slide 6: Overview of Polymetals

    1 Overview of Polymetals —_— aN 2 POLYMETALS aE? MINING LIMITED

  7. Slide 7: Introduction

    Introduction An Australian precious and base metals producer  Focused on discovery, development and production of economically viable mineral assets  Interests in three projects  965km2 of tenements in key mining districts - Cobar, Broken Hill, Kalgoorlie  Currently producing gold at White Dam G

  8. Slide 8: Corporate overview

    Corporate overview Market capitalisation  $35.3 million (as at 20/5/11) Issued capital  IPO - 7 million shares at issue price of $1.00  36 million shares on issue Cash  $12.8 million (as at 30/4/11) Operating cash flow  $8.6 million (FY to 30/4/11) White Dam process plant Debt  nil May 2011 PO

  9. Slide 9: Capital structure

    Capital structure Shareholder Post-IPO Shareholding Stake (%) Directors David Sproule (Non-Executive Chairman)1,2 20,541,099 57.1 Jon Parker (Non-Executive Director) 125,000 0.3 David Carland (Non-Executive Director) 312,500 0.9 Fulton Smith (Chief Executive Officer) 67,500 0.2 Other pre-IPO shareho

  10. Slide 10: A compelling story

    A compelling story • 25 years of operations as a private company Proven track record • $1.6M in capital generating $25M in dividends & share buy-backs from development & operation of successful mining projects profitability & capital returns • Debt free Operational capability • Rapid development – c

  11. Slide 11: Strong highly capable Board

    Strong highly capable Board BOARD MEMBERS David Sproule Jon Parker Chairman Non-executive Director  B. Eng. (Met) (Hons); Member AusIMM  B. Sc. (Hons); Grad. Dip. Bus. Admin.  +25 years‟ experience in acquisition, mine development &  +35 years in the resource and energy sectors - iron ore, produ

  12. Slide 12: Strong senior management team

    Strong senior management team KEY EXECUTIVES David Kinsman, Chief Financial Officer  B. Comm, B. Ec., ACA  +20 years‟ experience across oil & gas, defence  Former CFO /CEO of Innamincka Petroleum  Previously, MIM Petroleum, Santos, Chevron, Boeing Andrew Lawry, Chief Operations Officer  B. AppS

  13. Slide 13: Proven track record

    2 Proven track record Mt Boppy | Nimbus | Hellyer | White Dam

  14. Slide 14: Mt Boppy: two successful campaigns

    Mt Boppy: two successful campaigns 1993 - 1995: silver producer  treating supergene silver-rich tailings  innovative metallurgical solution  960koz silver and 5koz gold produced Mt Boppy 2002 - 2005: gold producer Key project metrics: 2001 - 2005 campaign  rapid development - 4 months to product

  15. Slide 15: Nimbus: successful silver producer

    Nimbus: successful silver producer 2004 - 2007: Delivered $8.9M EBITDA  rapid development - 5 months to production  capital efficiency - $5.8M for acquisition, start up & working capital  optimisation of production Nimbus silver production Key project metrics Ore processed (kt) 319 (g/t Ag) 352 S

  16. Slide 16: Hellyer: successful silver, lead, zinc project

    Hellyer: successful silver, lead, zinc project 2006 - 2008: Delivered $10.0M EBITDA  rapid development - 5 months to production  capital efficiency - $5M for start up  optimisation of production o HICs increased zinc recovery by 5% o reagent optimisation increased lead Hellyer production dredge r

  17. Slide 17: White Dam Gold Mine: strong cash flow

    White Dam Gold Mine: strong cash flow Polymetals: developer and manager  JV: 25% Polymetals; Exco Resources 75%  open cut mining  dump leach processing Outperforming on key metrics  from financing to production in 8 months  debt retired 9 months ahead of schedule White Dam dump leach (July 2010

  18. Slide 18: Project pipeline

    3 Project pipeline Canbelego | Drew Hill | Boorara

  19. Slide 19: Three prospective projects

    Three prospective projects ... Canbelego: 204km2 (100%) Location: 46km E of Cobar, NSW Minerals: gold and base metals Geology: Cobar-style, epithermal characteristics Resource: 30kt @ 5.0g/t Au (Measured, 2.5g/t cut-off) 240kt @ 3.8g/t Au (Indicated, 2.5g/t cut-off) 365kt @ 4.6g/t Au (Inferred, 2.5g

  20. Slide 20: Canbelego: 204km2 of prospectivity

    Canbelego: 204km2 of prospectivity Cobar-style mineralisation  Lachlan Fold Belt, New South Wales  sediment and volcanic hosted deposits  small footprint, great depth persistence  >5Moz of gold produced from the region  from 1900-1923 Mt Boppy produced 420,000oz of gold at 15 g/t  Mt Boppy bei

  21. Slide 21: Canbelego: Potential near-term production

    Canbelego: Potential near-term production Focused exploration program  extension drilling aiming to increase existing Resource (currently 93koz Au) and facilitate early gold production Four immediate near-mine targets Mt Boppy Gold Mine: parallel structures Hardwicks: 4km N Mt Boppy; intersections

  22. Slide 22: Drew Hill: current producer, exploration upside

    Drew Hill: current producer, exploration upside Landholding 728km2  Production funds exploration  In Joint Venture (Polymetals 25%) Rich mineral field  17 geochemical gold prospects  1 geochemical copper prospect  3 historic gold-copper mines Program focus  White Dam mine production Drew Hill

  23. Slide 23: Boorara: significant defined gold resource

    Boorara: significant defined gold resource KCGM Super Pit, Boorara Resource produces ~750koz Au pa 1.9Mt at 1.38 g/t oxide Boorara Tenements – 13km E of KCGM Super Pit, Kalgoorlie WA Located in the world-class Kalgoorlie gold province 21

  24. Slide 24: Boorara: long production history

    Boorara: long production history Landholding 33 km2  6km of Menzies Boorara Shear Zone  Resource: 1.9Mt @ 1.38g/t Au (85koz)  limited exploration below 100m  base metals potential to E on the Kanowna Shear Zone Exploration focus  increase oxide gold Resources  regional gold & base metals explo

  25. Slide 25: Financial overview

    4 Financial overview February 2011 23

  26. Slide 26: Strong performance history

    Strong performance history Financials ($M)1 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 H1 2011 Revenue 25.4 22.5 30.2 33.8 11.4 5.6 10.7 EBITDA 7.2 9.6 9.4 4.7 1.2 0.1 5.5 NPAT 2.2 5.8 6.3 2.9 1.0 (0.2) 2.9 Capital distributions2 1.1 1.1 4.9 2.6 0.9 5.0 Production3 FY2005 FY2006 FY2007 FY2008 FY2009

  27. Slide 27: Exploration expenditure

    Exploration expenditure  Drilling commenced in February 2011  Initial drilling results are anticipated in Q2 CY2011 Exploration and drilling expenditure by activity Project 2011 2012 Total ($M) ($M) ($M) Mt Boppy 1.35 2.47 3.82 Canbelego 1.42 0.65 2.07 Drew Hill 0.47 n/a 0.47 Boorara 0.37 n/a 0.37

  28. Slide 28: Polymetals: the next 12 months

    Polymetals: the next 12 months Production • March 2012 on current mine life • 7,000oz Au (Polymetals 25% share of expected production) White Dam Gold Mine • Exploration upside – potential to extend mine life • Drilling program commenced Canbelego • Focus on increasing Reserves to re-establish produc

  29. Slide 29: Resources | Proven track record | Solid cash flow

    RESOURCES | PROVEN TRACK RECORD | SOLID CASH FLOW

Polymetals Mining — Non-Deal Roadshow (June 2011) on 6ix