Aureka Limited · ASX:AKA
Aureka — Navarre Minerals — Investor Presentation (February 2015)
25 slides from Aureka's investor presentation, Feb 12, 2015
Slide 1: Investor Presentation, 12 February 2015
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Slide 2: Forward-looking statement & disclaimer
Navarre Minerals Ltd ASX:NML Forward-looking statement & disclaimer The information contained in this presentation is provided by Navarre Minerals Limited (Navarre) and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of the
Slide 3: Contents
Navarre Minerals Ltd ASX:NML Contents 1. Company overview & strategy 2. Offer details 3. Stawell Corridor Gold Project 4. Proposed exploration budget 5. Investment case 6. Board and management 7. Corporate 8. Offer risk factors 3
Slide 4: Company overview
Navarre Minerals Ltd ASX:NML Company overview Navarre is an ASX-listed Victorian-based resources company unlocking the gold & copper potential of western Victoria’s emerging and proven mineral corridors Our mission is to create shareholder value by: 1. Discovery of long-life gold deposits in the pro
Slide 5: 2015 Strategy
Navarre Minerals Ltd ASX:NML 2015 Strategy 1. Accelerate exploration of Stawell Corridor Gold Project: Shallow targets located close to Stawell Gold Mines, owned by Navarre’s largest shareholder, Crocodile Gold Corp. Large ‘drill ready’ targets at Tatyoon’s Grange prospect: First drill test of
Slide 6: Offer details
Navarre Minerals Ltd ASX:NML Offer details Entitlement Offer to raise up to $544,000 to fund a drilling program at Tatyoon’s Grange gold prospect 1 : 4 pro-rata entitlement offer of approximately 18.1 million shares at 3.0 cents per share to raise up to $544,000 Non – renounceable (no trading
Slide 7: Offer details – key dates
Navarre Minerals Ltd ASX:NML Offer details – key dates Event Date Announcement of Offer, lodgement of Cleansing Notice & Appendix 3B Thursday 12 February 2015 Notice of issue sent to shareholders Friday 13 February 2015 Shares commence trading ex-Entitlement Monday 16 February 2015 Record Date for d
Slide 8: Offer details – use of funds
Navarre Minerals Ltd ASX:NML Offer details – use of funds Accelerate the Company’s exploration program at the Stawell Corridor Gold Project - a drill program aimed at testing the 0.8 – 1.9 million ounce Exploration Target¹ at Tatyoon’s Grange gold prospect Supplement the working capital reserves
Slide 9: Stawell Corridor Gold Project
Stawell Corridor Gold Project 90% of ‘Corridor’ under cover - surfaces only at Stawell & Ararat (both sides of The Great Divide) 6 Moz gold production - mainly from Stawell Stawell’s Magdala-type gold occurs on flanks of large basalt domes Gold is finer grained, more continuous & more predic
Slide 10: Tatyoon gold discovery
Source: Leviathan Resources’ ASX release of October 2005. Tatyoon gold discovery Discovered in 2004 Gravity surveys followed by scout air-core drilling AAC021 – 20m at 0.5 g/t gold from 35m, inc. 5m at 1.4 g/t gold AAC021 – 2m at 2.6 g/t gold from 66m 20m @ 0.5 g Au/t 3 diamond holes confi
Slide 11: Tatyoon gravity modelling
Tatyoon gravity modelling Gravity modelling highlights 3 shallow basalt dome structures approx. 30-40m below surface Similar dimensions to basalt dome that hosts Stawell’s operating Magdala Gold Mine Shallow open pit & underground potential Open farmland 11
Slide 12: Grange Basalt Dome Exploration Targets
Navarre Minerals Ltd ASX:NML Grange Basalt Dome Exploration Targets NML’s gravity model West Flank Exploration Target¹ > 1.5km long target assume 3m - 5m thick target assume 50% vol. payable ~ 6-10 Mt assume 4-6 g/t gold ~ 0.8 -1.9Moz Gold in Drill Holes AAC0021: 2 m @ 2.6 g/t Au 20 m @ 0.5 g/t
Slide 13: Basalt dome host – size matters
Navarre Minerals Ltd ASX:NML Basalt dome host– size matters West flank = 80% gold production Target 4 west Target 2 Target 3 flank target Comparison, at the same scale, of Magdala Gold Mine basalt dome and Grange prospect basalt dome (with IP chargeability 13 targets in red)
Slide 14: Grange – Long Projection
Oxide Target • Sulphides weathered Grange – Long Projection = no IP response • From 35m to 80m from surface Western Flank Target • Undrilled • > 1.5 km long • IP Chargeability highs on 4 sections • Target depths 80m to >200m 14
Slide 15: 2015 Proposed Exploration Program
Navarre Minerals Ltd ASX:NML 2015 Proposed Exploration Program Stawell Corridor Gold Project: Finalise tender & engage drill contractor Complete 2,000m RC / diamond drill program at Grange Infill gravity survey at Shiraz Compilation of previous exploration on Ararat licence & generation of k
Slide 16: Investment case
Navarre Minerals Ltd ASX:NML Investment case Tatyoon’s Grange prospect – a compelling exploration target: Rapid advancement of new gold project with shallow ‘drill ready’ gold targets Identification of oxide (35m to 80m) and deeper sulphide targets (80 to +200m) of Stawell mineralisation style
Slide 17: Board and Management – highly experienced leadership team
Navarre Minerals Ltd ASX:NML Board and Management – highly experienced leadership team Kevin Wilson Chairman Geologist & investment banker with 30+ years’ experience Rey Resources, Leviathan Resources, Merrill Lynch, Anglo American Geoff McDermott Managing Director Geologist with 29 years of domesti
Slide 18: Risk factors
Navarre Minerals Ltd ASX:NML Risk factors There are a number of general and specific risks associated with an investment in Navarre. Due to the nature of the Company’s business activities and mineral exploration interests, investment in the Company carries with it risks reasonably expected of an inv
Slide 19: Risk factors
Navarre Minerals Ltd ASX:NML Risk factors Reliance on key personnel The responsibility of overseeing the day-to-day operations and the strategic management of the Company depends substantially on the executive and non-executive Directors. There can be no assurance given that there will be no detrime
Slide 20: Risk factors
Navarre Minerals Ltd ASX:NML Risk factors Tenement title Interests in exploration tenements in the State of Victoria are governed by Victorian legislation and are evidenced by the granting of licences. Each licence is for a specific term and carries with it annual expenditure and reporting commitmen
Slide 21: Risk factors
Navarre Minerals Ltd ASX:NML Risk factors General risks General economic climate General economic conditions, movements in interest and inflation rates, currency exchange rates and commodity prices (particularly the gold price) may have an adverse effect on the Company’s exploration activities and t
Slide 22: Risk factors
Navarre Minerals Ltd ASX:NML Risk factors Land access There is a substantial level of regulation and restriction on the ability of exploration and mining companies to have access to land in Australia. Negotiations with both native title claimants and land owners/occupiers are generally required befo
Slide 23: Risk factors
Navarre Minerals Ltd ASX:NML Risk factors Exploration risk The mineral tenements of the Company are in the early stages of exploration and potential investors should understand that mineral exploration and development are high-risk undertakings. There can be no assurance that exploration of the tene
Slide 24: Risk factors
Navarre Minerals Ltd ASX:NML Risk factors Occupational health and safety The mining industry has become subject to increasing occupational health and safety responsibility and liability. The Company and Directors intend to conduct their activities to high standards of occupational health and safety,
Slide 25: For more information contact
Navarre Minerals Ltd ASX:NML Navarre Minerals Limited For more information contact Navarre Minerals Limited 40-44 Wimmera Street Stawell VIC Australia 3380 Tel: 03 5358 8625 Website: www.navarre.com.au Email: [email protected] 25
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