Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — Polymetals Mining — Investor Presentation (October 2011)
27 slides from Polymetals Resources's investor presentation, October 2011
Slide 1: An established track record of over 25 years of delivering profitable Australian resources projects
White Dam Gold Mine, South Australia An established track record of over 25 years of delivering profitable Australian resources projects ASX:PLY Broker Presentation | October 2011
Slide 2: 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
Slide 3: Overview of Polymetals
1 Overview of Polymetals — @—, POLYMETALS tf eee TMUIEIN IL INSG JL tt te 1 wae i J
Slide 4: Introduction
Introduction An Australian precious and base metals producer Strong reputation for successful development, production and operational management Interests in two projects in proven mining provinces – Cobar and Broken Hill Current gold production at White Dam Gold Mine Raised $7 million via an
Slide 5: Corporate overview
Corporate overview At 30 September 2011 Item Value Share price A$0.75 Shares issued 36.4 million Market capitalisation A$27.3 million Cash A$18.5 million1 Debt nil Shareholder structure Directors & staff – 64.2% Retail investors – 30.1% Soul Pattinson – 5.7% 1. Does not include $2.45m in settlement
Slide 6: A compelling investment proposition
A compelling investment proposition Experienced producer with advanced near-term development activities and exploration projects Strong balance sheet with continuing cash flow from current gold production and a fully-funded exploration program Ingrained culture of rapid project development to
Slide 7: Strong Board with a proven track record
Strong Board with a proven track record BOARD MEMBERS David Sproule Fulton Smith Chairman Chief Executive Officer B. Eng. (Met) (Hons); Member AusIMM B. Ed.; Grad. Dip. Mgmt. +25 years’ experience in acquisition, mine development +25 years’ diverse leadership and management and production of
Slide 8: Experienced senior management team
Experienced senior management team KEY EXECUTIVES Andrew Lawry David Kinsman Chief Operations Officer Chief Financial Officer B. AppSc. (Met); Member AusIMM B. Comm.; B. Ec., ACA +25 years’ experience in mine development, process +20 years’ experience across oil and gas, defence engineering
Slide 9: Proven track record
2 Proven track record Mt Boppy | Nimbus | Hellyer | White Dam
Slide 10: A 25 year track record of success
A 25 year track record of success Projects this past decade: cost efficient and rapid development Mt Boppy production Nimbus production 68koz gold 3.2Moz silver $12.5M EBITDA $9.8M EBITDA 4 months to production 5 months to production cash operating cost = $383/oz cash operating cost
Slide 11: Proven track record continues
Proven track record continues White Dam Gold Mine, Drew Hill SA strong cash flow Polymetals: developer and manager joint venture: 25% Polymetals Mining Limited 75% Exco Resources Limited (ASX:EXS) White Dam Gold Mine open cut mining dump leach processing Outperforming on key metrics debt r
Slide 12: Cost management cost per/oz
Cost management Polymetals’ cash cost of $401/oz is significant lower than peers 1,400 1,300 Source: Gold Nerds 9 August 2011 1,200 1,100 1,000 900 800 cost per/oz 700 600 500 400 300 200 100 0 Gold Production Companies (ASX Listed) November 2011 POLYMETALS.COM.AU 12
Slide 13: Projects in key mining regions
3 Projects in key mining regions Canbelego | Drew Hill
Slide 14: Two prospective projects
Two prospective projects Canbelego, NSW Ownership: 100% Location: 46km east of Cobar, NSW Area: 204km2 Minerals: gold and base metals Outlook: Mt Boppy Gold Mine extension Regional exploration program Drew Hill, SA Ownership: 25% + management Location: 85km west of Broken Hill, SA Area: 728km2 Miner
Slide 15: Canbelego: a significant mineral field
Canbelego: a significant mineral field Canbelego, NSW Cobar-style mineralisation Lachlan Fold Belt located in active mineral field >5Moz of gold produced from the region Polymetals’ position is strong operated there since 1992 produced 87koz gold from open cut operations acquired wider
Slide 16: Canbelego: a significant mineral field
Canbelego: a significant mineral field Growth regional exploration targets: more than 20 prospects identified extension drilling underway to increase existing Resource in-fill drilling commenced at Mt Boppy Gold Mine to facilitate early gold production Four immediate near-term targets Mt Bop
Slide 17: Drew Hill: current producer, exploration upside
Drew Hill: current producer, exploration upside Drew Hill, SA Curnamona province located in active mineral field Large geographical footprint in region Current production White Dam Gold Mine – over 115koz gold since April 2010 with production continuing into 2012 Growth White Dam mine prod
Slide 18: Drew Hill: current producer, exploration upside
Drew Hill: current producer, exploration upside Exploration Outlook Management of JV transitioning from Exco to allow Polymetals to have greater involvement in exploration activities Focus on defining additional mineable resources Testing resource potential of near-mine targets Vertigo: drilli
Slide 19: Mineral resource inventory
Mineral resource inventory October 2011 POLYMETALS.COM.AU 19 19
Slide 20: Financial overview: solid balance sheet
4 Financial overview: solid balance sheet
Slide 21: Record performance during FY11
Record performance during FY11 Record financial growth recorded in FY11 due to: Strong production and cost performance at White Dam Gold Mine Favourable gold prices Positive reflection of solid business model October 2011 POLYMETALS.COM.AU 21
Slide 22: Strong performance history
Strong performance history Financials ($M)1 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 Revenue 25.4 22.5 30.2 33.8 11.4 5.6 30.1 EBITDA 7.2 9.6 9.4 4.7 1.2 0.1 15.9 NPAT 2.2 5.8 6.3 2.9 1.0 (0.2) 8.4 Capital distributions2 1.1 1.1 - 4.9 2.6 0.9 5.0 Production3 FY2005 FY2006 FY2007 FY2008 FY200
Slide 23: Exploration expenditure
Exploration expenditure Drilling commenced at Canbelego and Drew Hill Phase 1 program confirms structural information at Mt Boppy Further drilling results are anticipated in coming weeks Fully-funded exploration program Exploration and drilling expenditure by activity Project Per Prospectus1
Slide 24: Future pipeline: clear growth strategy
5 Future pipeline: clear growth strategy
Slide 25: Clear growth strategy
Clear growth strategy End 2011 Early 2012 Mid 2012 End 2012+ Canbelego, NSW Successful results will be the trigger Drilling program has commenced for moving to mine development Drew Hill, SA Current exploration White Dam Gold Mine currently producing aiming to extend through to April 2012 on current
Slide 26: A compelling investment proposition
A compelling investment proposition Experienced producer with advanced near-term development activities and exploration projects Strong balance sheet with continuing cash flow from current gold production and a fully-funded exploration program Ingrained culture of rapid project development to
Slide 27: Proven track record, outstanding asset base, robust balance sheet
PROVEN TRACK RECORD OUTSTANDING ASSET BASE ROBUST BALANCE SHEET
Polymetals Mining — Investor Presentation (October 2011) on 6ix