Keras Resources Plc · LSE:KRS
Keras Resources — Investor Presentation (April 2016)
15 slides from Keras Resources's investor presentation, April 2016
Slide 1: AIM's Only Australian Gold Miner – Investor Presentation Q2 2016
AIM’s Only Australian Gold Miner Investor Presentation Q2 2016
Slide 2: Disclaimer
DISCLAIMER These presentation slides and the accompanying verbal presentation (“Presentation Materials”) are being provided in connection with an introductory presentation by Keras Plc (the “Company”). These Presentation Materials do not constitute or form part of any invitation, offer for sale or s
Slide 3: Overview
OVERVIEW Australian Gold: Market AIM Currently mining gold at Anomaly 22 and Accord, Epic KRS Grants Patch tribute area Three tribute agreements already secured in WA Share Price 1.48 (8/4/16) comprising 575Koz of Au resources Market Cap GBP18m Targeting 20,000 - 30,000 ozs per annum Identif
Slide 4: Strategy
STRATEGY TARGETING LOW CAPITAL ASSETS WHICH DELIVER PRODUCTION AND CASH FLOW THROUGH THE ENTIRE PRICE CYCLE 1: NEAR TERM CASHFLOW 2: GOLD EXPANSION & CONSOLIDATION Australian gold represents an opportunity to generate significant cash flow through 3: DEPLOY CASHFLOW Opportunity to rapidly grow low r
Slide 5: Targeting WA Gold Assets
800.0 1,000.0 1,200.0 1,400.0 1,600.0 1,800.0 2,000.0 03/01/2011 03/03/2011 03/05/2011 03/07/2011 03/09/2011 03/11/2011 the last 5 years 03/01/2012 has increased over Australian gold price 03/03/2012 03/05/2012 03/07/2012 03/09/2012 03/11/2012 03/01/2013 03/03/2013 03/05/2013 USD 03/07/2013 03/09/20
Slide 6: Gold Tributes
3 GOLD TRIBUTES Norton Gold Fields – Grants Patch Deposits 5 year tribute agreement with Paddington Gold, a subsidiary of Norton Gold Fields to produce from small scale deposits 50km north of Kalgoorlie Product will be treated at Norton’s large Paddington Mill, 25 km from the deposits Historic
Slide 7: Prince of Wales Mine
PRINCE OF WALES MINE Forms part of the greater Grants Patch mineral lease, with a resource of 154,000t @ 8.0g/t and a exploration target of 500Kt at 10g/t for 160Koz Product will be treated at Norton’s 3.5mtpa Paddington Mill, 25 km from the deposit Targeting production of 15-20,000oz Au from
Slide 8: Lindsay's Mine
LINDSAY’S MINE The Lindsay’s mine has a mineral resource of 3.97Mt at 1.7g/t for 217Koz Au, including the high grade Parrots Feather resource of 562Kt at 3.3g/t for 60Koz Au Internal assessment currently underway to look at decreasing dilution by developing on reef and upgrading the ore through th
Slide 9: Fast Tracked Gold Production
FAST TRACKED GOLD PRODUCTION Fast tracked production timeline with mining leases already granted • Initial gold production of 15,000 oz per annum will be Current tributes are comprised of: delivered from shallow Previously mined shallow laterite and oxide deposits Year deposits at Grants Patch
Slide 10: Local Operation & Team
LOCAL OPERATION & TEAM Executive management has extensive gold experience and is based in Perth, reducing execution risk Brian Moritz • Chartered Accountant and former Senior Partner of Roy Pitchford • A Charted Accountant, has more than 25 years Chairman Grant Thornton, London Non-executive senior
Slide 11: Tribute Mining
TRIBUTE MINING Example of tribute agreement (Lindsay’s, KalNorth) Tribute Mining State or Government royalties, direct operating Tribute Mining involves the expenditure and working capital expenditure mining of resources owned by will be deducted from Gross Revenue other parties and processing the
Slide 12: Nayega: Near-Term Mining Opportunity
NAYEGA: NEAR-TERM MINING OPPORTUNITY NAYEGA REPRESENTS AN ATTRACTIVE ROUTE TO PROFITABLE MANGANESE PRODUCTION Low capex open-pit manganese mine Simple processing route – saleable 38% Mn product Scalable 250,000tpa Mn operation Robust economics at varying manganese price Maiden JORC reserve
Slide 13: Mebaga DSO: Gabon
MEBEGA DSO: GABON EVALUATING OPTIONS TO MONETISE IRON ORE INTERESTS DUE TO CURRENT PRICING ENVIRONMENT EITHER THROUGH PARTNERSHIP OR SALE Mebaga’s grade, location and proximity to power provide it with distinct advantages Therefore Keras is progressing alternative options to realise value 309
Slide 14: Investment Summary
INVESTMENT SUMMARY COMMENCING CASH FLOW AND WILL ADD TO THIS BY INCREASING AUSTRALIAN GOLD EXPOSURE AND ADDING MID TERM PROJECTS TO ITS PORTFOLIO AUSTRALIAN GOLD PROJECT Near Term Cash Flow • Accelerated start-up – gold production commenced Q2 2016 • All licences in place AUSTRALIAN GOLD CONSOLIDATI
Slide 15: Contact
CONTACT Keras Resources Plc Beaufort Securities Managing Director: Dave Reeves Elliot Hance/Jonathon Belliss Email: [email protected] Tel: +44 (0) 207 382 8415 NOMAD: Northland Capital Partners Limited Financial PR: St Brides Partners Ltd David Hignell Elisabeth Cowell/ Frank Buhagiar Gerry Beaney T