Presentation Transcript

1. EastPit Discovery Pit KBCCI What’s Down The Track Forum Update 24th October 2013
2. Cautionary Advice on Forward Looking Statements The information contained in this presentation has been prepared by MacPhersons Resources Ltd (MRP). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MRP. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act. While the information contained in this presentation has been prepared in good faith, neither MRP nor any of its directors, officers, employees, agents or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of MRP, its directors, officers, employees, agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation. This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks, uncertainties and other factors, many of which are outside the control of MRP, can cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, commodity price volatility, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation. Investors are cautioned that any forward looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward looking statements made. Explorationtargets are conceptual in nature and drilling may not convert these to resources.
3. Premier Mining Location 258,000
4. Strategic Achievements Achievements in the last two years Silver/Gold/Zinc mine acquisition Silver/Gold mill acquisition/expansion 85,834m drilled; 365,314m in review Exploration – Copper/Nickel upside Operations management team Road to production
5. Corporate ASX Code: MRP ASX Listed: December 2010 Ordinary Shares: 251 million Unlisted Options: 22 million Market Cap: A$55M (at 22 cents) Cash: A$4.6M (Sept 2013) Debt: Nil Projects 100% Nimbus Silver-Gold-Zinc VHMS 100% Boorara/Coolgardie Gold Assets Substantial Shareholders Directors/Management: 37.0% RK Mine Finance: 8.5% 2-Year 10% Price Curve Management Ashok Parekh, Chairman Morrie Goodz, Managing Director Jeff Williams, Non-Exec Director Stephen Hewitt-Dutton, Co. Secretary Randell Ford, Operations Manager
6. 2013-14 Project Schedule SH 2013 2014 Nimbus Mineral Resource Update  Nimbus Mine Design and Ore Reserve Statement  Boorara Mineral Resource Update  Boorara Mine Design  Completion of Mill Equipment Specs  Completion of Plant Build Tender Process Ongoing Metallurgical Testwork on Additional Lenses Review of Additional Concentrate Flowsheets Feasibility Sign Off Design of Concentrator Plant Delivery of Merrill-Crowe Plant Commence pre-strip and open pit mining Complete IWL and TSF3 construction Commissioning of Gravity and M-C Plant
7. Feasibility Study Progress ReportMine Design – Production Schedule
8. Feasibility Study Progress ReportCAPEX – Mining – EPC
9. Video Flyover Video of 3D-Flyover of minesite and new mill with Narration: http://www.mrpresources.com.au/dvd.php#v201310 Live Video of DnD Presentation http://www.mrpresources.com.au/dvd.php#v201308
10. Grade is King – Massive SulphidesDSO – 3200g/t Ag, 41% Zn, 14% Pb
11. New Mine Design Highest Grade Shoots OPEN and not yet drilled (100 - 8000g/t Ag) Optimised pits, >55g/t Ag Equivalent
12. Move to Underground Mining Beneath Pits 1.1 Mt @ 297g/t Ag-Eq Recovered = 10.8 Moz Ag-Eq Ore Reserves
13. The Next Step – Convert Indicated & Measuredto Extending Underground Mine Life Green Blocks 55 – 400g/t Ag-Eq Measured & Indicated
14. OPEN High Grade Mineralisation >250g/t LensAg211 Discovery Pit 50m
15. Boorara Gold Project 1-2km from Nimbus Mill 7.4Mt @ 1.1g/t Gold 258,000 oz Au JORC Maiden Resource Nimbus Mill
16. Exploration Upside – Project PipelineDiversification into Copper-Nickel 258,000 Copper Potential – analogies with the geology of nearby Golden Grove and Jaguar-Bentley mines support the high likelihood of copper-zinc-silver-gold feeder lenses being identified nearby. Nickel Potential – both the Coolgardie and Golden Ridge tenements are at the northern extension of the Kambalda Nickel Dome and have known nickel occurrences – drilling of these outcropping zones will be undertaken in 2013-2014.
17. Stakeholder Benefits Registered and Operations Offices Kalgoorlie & Coolgardie, Western Australia People Local – residential Flexible work schedule – lifestyle balance Promote part-time employment Supply and Services Local businesses and contractors Education Support WASM, R&D Local graduates
18. Prioritise Local Support Services ABIM Solutions ALS Atom Supply AUSCO Modular Boyes Mechanical Bridgestone Cardno Spectrum Survey CKB CMEWA Eagle Petroleum EBM Insurance Ellery Brookman Enrico’s Electrics Fresh Start Services GenstarHire Get On With It Services GETS Gibson Soak Water Goldfields Air Services Goldfields Locksmiths Goldfields Sign Works Goldfields Toyota GOMED GSDU Gyro Australia Hampton Hill Station Hampton Transport HMR Drilling Hunter Holdings Kal Express Kalgoorlie Miner KalTelCo KBCCI Mac’s Deli MB Electrical MCM Protection Minecomp Mine GeoTech National Bank NEGE Exploration Online Bus Equip Onsite Rental Office National Palace Hotel Psitech Raglan Drilling Railway Motel RSEA RTH Saltbush Pastoral Co Sita Snap Printing Stationary Plus Stitching Bee Embroidery Telstra Shop Kalgoorlie Terra Drilling Thrifty Car Rental TIS Recruitment Toomeeke Carpentry Westernex
19. Support the Local Community WA Museum Kalgoorlie-Boulder Touch of Gold Toastmasters WA School of Mines Kalgoorlie-Boulder Chamber of Commerce & Industry Rotary Club of Hannans – Kalgoorlie
20. MacPhersons Team
21. Points of Difference Grade is King (297g/t Ag-Eq) Move to Producer Polymetallic Silver - Gold - Zinc Copper - Nickel ASX Code: MRP Nimbus Silver Doré Bars www.mrpresources.com.au
22. Competent Person Statement The information in this presentation that relates to mineral resources and exploration results is based on information compiled by Mr Morrie Goodz, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Morrie Goodz is a full time officer of MacPhersons Resources Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Goodz has given his consent to the inclusion in this presentation of the matters based on the information in the form and context in which it appears.