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“Discovering and Developing High-Grade Resources in Central Africa”. DISCLAIMER and CONFIDENTIALITY.
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“Discovering and Developing High-Grade Resources in Central Africa”
DISCLAIMER and CONFIDENTIALITY This presentation contains historical and forward-looking statements. The forward looking statements involve risks and uncertainties particularly with respect to resources and development plans, political events and operational capabilities. Forward looking statements appearing in this presentation represent management’s current estimates and these may change significantly as new information comes to hand. The information contained in this presentation has been obtained by Mawson West from its own records and from other sources believed to be reliable, however no representation or warranty is made as to its accuracy or completeness. The contents of this presentation are confidential, commercial in confidence and for the sole use of the potential investor it is provided to by the company or its adviser.
MAWSON WEST – PRIVATE PUBLIC COMPANY Business Focus Copper/Gold - Africa Development & Exploration Other Australian projects Golden Mile South – 75-100% MWE And JV’s Paynes Find – Prosperity 75%-MWE diluting Kiaby Well – Silver Swan earning 60% Country of Operation Democratic Republic of Congo/Zambia Directors Non – Executive Chairman – Mark Stowell Managing Director/CEO – David Frances CFO – Glenn Zamudio Non-Executive Director – Jonathan Asquith Non-Executive Director – Anthony Lloyd Shares on Issue 154,473,439 Cash and Receivables US$3.4 million
PROJECTS Kapulo Mid West Iron Ore Golden Mile South
KAPULO PROJECT Strategic Joint Venture with Anvil Mining (65% MWE) Approximately 5,500km² of contiguous tenure in DRC and Zambia Mawson West progressing towards maiden JORC/43-101 resource.
RECENT POLITICAL & OTHER CHANGES • Govt Mining Review – No change to the Dikulushi Mining Convention • New Mining Code (2003) • First democratically elected government (2007) • Major engagement by multilateral community: • •United Nations • •World Bank • •MIGA • •IFC • •International Monetary Fund • Renewed bilateral engagement • Engagement by international financial markets • Engagement by political risk insurance agencies • Increasing focus by international mining industry
DRC – Major Metallogenic, Mining & Exploration Activities Twangiza-Kilo-Moto Gold Belt:Current Est. Resources: 28Moz Kilo-Moto Gold Belt:Historic Production 11Moz Au Oriental Equateur Mwana Africa (Au) N.Kivu AngloGold (Au) [Resource: 1.2Moz] Kasai Oriental Twangiza-Namoya Gold Belt: Banro Corp (Au) [Resource: 10.8Moz] S.Kivu Bandundu Kasai Occidental Maniema Bas-Congo Kinshasa Mawson West(Cu) Kapulo Gravity Diamonds JV BHP Billiton Anvil Mining (Cu-Ag) Dikulushi BRC Diamonds JV BHP Billiton Africo Res (Cu-Co) Kalukundi Katanga Angolan Kimberlite Trend Metorex (Cu-Co) Ruashi/Etoile SouthernEra (Diamonds) Mbuji-Mayi Lubumbashi Central African Copper Belt:Est. Reserves: 75Mt Cu; 4.5Mt Co Gold Fields (Au) Kisenge Katanga (Cu-Co) Kamoto Nikanor (Cu-Co) KOV Anvil (Cu-Co) Mutoshi; Kinsevere TEAL(Cu-Co) Kalumines Copper Resources (Cu) Kinsenda Tiger (Cu-Co) Kipoi Freeport (Cu-Co) Tenke Fungurume Source: RBC Capital Markets estimates
Located in the South East corner of DRC. Anvil’s Dikulushi mine is 130km South West of Kapulo prospects. Operated out of Congo and Zambia – 12km from Zambian border.
Project underpinned by Maiden JORC-43/101 resource in progress at Katanga and Safari North. Currently drilling at Katanga and Safari North, both open ended and at depth. Approximately 60km of strike on the mineralised Kapulo fault. High-order copper geochemical anomalies along fault require trenching. Numerous other copper & gold occurrences yet to be evaluated-000’s of km sq to be explored
KATANGA 53 diamond drill holes completed. Orebody comprises a south plunging high-grade copper shoot. Latest results: 45m @ 5.1% Cu incl. 30m@ 7.4%Cu 48m @ 4.4% Cu incl. 14m @ 11.1% Cu 64.4m @ 5.9% Cu incl. 40m @ 8.6% Cu 62m @ 4% Cu incl. 27m @ 8.3% Cu Grades up to 40% Cu recorded. 0.5% COG Copper PRELIMINARY INTERIM RESOURCE
SAFARI NORTH 25 Diamond drill holes completed. Results to date very encouraging: 30m @ 4.3%Cu incl 18m @ 6.6%Cu 10m @ 5.2%Cu 34m @ 3.4%Cu incl 22m @ 4.9%Cu PRELIMINARY INTERIMRESOURCE 0.5% COG Copper
POTENTIAL High order geochem drill targets on the 60km mineralised Kapulo fault Kapulo deposits open-ended and open at depth Other stratabound and vein style Cu and gold occurrences within the project area Potential for new targets to host very significant copper tonnes
DEVELOPMENT Systematic metallurgical and geotechnical test work underway. PFS results of metallurgical test work Locked Cycle test: 34.4%Cu @ 93.2% Rec and 90g/t Ag @ 92% Rec African Mining Consultants engaged for Environmental and Social Impact Assessment. Preliminary Pit Optimisation studies underway. Investigating possible recommissioning of hydro powerstation at Piana Mwanga and other hydropower options.
Mawson West collaborating with Medicines Sans Frontiers –humanitarian and medical aid agency. MSF are providing AIDS and health education for the workers & the local villagers. As part of the JV with Anvil, Mawson will take part in social development programs in the region for community based projects. Construction of mud brick accommodation is underway for employees at Kapulo. SOCIAL DEVELOPMENT Mawson provided logistics for MSF in it’s vaccination campaign against measles for children aged between 6 months & 5 years.
GOLDEN MILE SOUTH The Golden Mile Superpit Looking South – Kalgoorlie, Western Australia Golden Mile South Project
GOLDEN MILE SOUTH OVERVIEW One of the premier precious and base metal endowed regions in the world >100Moz Au & >4Mt Ni metal. Extensive tenement package (112km²) with 75%-100% ownership by Mawson West Ltd. Only 4km SE of the Kalgoorlie Superpit and under explored. Unparalleled infrastructure – several local operating mills, roads, railways, exploration services etc.
MID WEST IRON ORE & GOLD PROJECT 466.5km² JV TENURE Paynes Find JV (Prosperity Resources 75%) Resource definition work Kiaby Well JV (Silver Swan earning 60%) Recently granted – Gold/Iron ore project Close proximity to Gindalbie’s Karara iron ore deposit and Mount Gibson’s Extension Hill deposits
MAWSON WEST LTD SUMMARY • Shares on issue 154,473,439 • Unlisted public company • Cash and receivables US$3.4 million • Experienced management with African expertise • Rapidly advancing high-grade copper project • Early production potential • World class resource potential • Good portfolio of high quality exploration projects Kapulo Mid West Iron Ore Golden Mile South
Please visit uswww.mawsonwest.com.au Contact David Frances – Managing Director & CEO Telephone: +61 8 9321 9669 Fax: +61 8 9481 2394 Email: dfrances@mawsonwest.com.au