^The presentation is solely for educational purposes only ...
AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain...
Transcript of AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain...
![Page 1: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/1.jpg)
AGM Presentation
27th November 2012
![Page 2: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/2.jpg)
Disclaimer
This presentation has been prepared by Birimian Gold Limited (BGS) for general information purposes only. The presentation is not and
should not be considered as an offer or invitation to subscribe for or purchase any securities in BGS, or as an inducement to make an
offer or invitation with respect to those securities. No agreement to subscribe for securities in BGS will be entered into on the basis of this
presentation. This presentation may contain certain forward-looking statements which have not been based solely on historical facts but
rather on BGS’s current expectations about future events and a number of assumptions which are subject to significant uncertainties and
contingencies many of which are outside the control of BGS and its directors, officers and advisers. Due care and attention has been
taken in the preparation of this presentation. However, the information contained in this presentation (other than as specifically stated)
has not been independently verified for BGS or its directors and officers, nor has it been audited. Accordingly, the company does not
warrant or represent that the information contained in this presentation is accurate or complete. To the fullest extent permitted by law, no
liability, however arising, will be accepted by BGS or it’s directors, officers or advisers, for the fairness, accuracy or completeness of the
information contained in the presentation.
Forward Looking Statements
Statements regarding plans with respect to the Company’s mineral properties are forward looking statements. There can be no
assurance that the Company’s plans for development of its mineral properties will proceed as expected. There can be no assurance that
the Company will be able to confirm the presence of mineral deposits, that any mineralisation will prove to be economic or that a mine
will successfully be developed on any of the Company’s mineral properties
Competent Persons Statement
The information in this report that relates to exploration results is based on information compiled by or under the supervision of Kevin
Anthony Joyce. Mr Joyce is Managing Director of Birimian Gold and a Member of the Australian Institute of Geoscientists. Mr Joyce has
sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration
Results. Mr Joyce consents to the inclusion in the report of the matters based on his information in the form and context in which it
appears.
1
![Page 3: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/3.jpg)
Corporate Overview Post Capital Raising 5th December 2012
Shares on Issue 582.9m
Options* 64.0m
Market Cap (@ 0.5c) $3.0m
Cash $2.5m
Enterprise Value $0.5m
Significant Shareholders
Pre-capital raising
Directors 20%
Marford Group 4%
Macquarie Bank Metals & Energy 4%
Citicorp Nominees Pty Ltd 4%
Top 20 55%
Birimian Gold Limited
(ASX: BGS)
2
Hugh Bresser – Non Executive Chairman
* 18 years experience
* MD Overland Resources
Kevin Joyce – Managing Director
* 18 years experience
* Formerly Resolute Mining in Mali
Mike Haynes – Non Executive Director
* 18 years experience
* Multiple board positions
*Options: 19M ex. $0.060 and Feb 2014
45M ex. $0.012 and Oct 2015
![Page 4: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/4.jpg)
West African Gold
KEY PROJECTS:
Massigui Gold Project, Mali
Dankassa Gold Project, Mali
Korindji Gold Project, Mali
Basawa Gold Project, Liberia
3
COMPANY STRENGTHS:
> 3700km2 of highly prospective tenure.
Targeting multi-million ounce gold systems in
Mali and Liberia.
Extensive management experience in the region.
In-country teams ready for deployment to the
Company’s priority projects.
Implementing aggressive work programs.
Continually identifying, reviewing and acquiring
projects to add to the portfolio of quality assets.
Liberia – Unexplored gold terrane.
Mali - 3rd largest gold producer in Africa.
![Page 5: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/5.jpg)
Highlights – 2011/12
3
Established in-country teams.
Aggressive work programs undertaken on all Projects.
>22,000m of drilling completed at the Dankassa Gold
Project, Mali.
Significant drill intersections at Kourouba.
Discovery of the Dankassa Gold Trend.
Multiple new prospects defined at the Basawa Gold
Project, Liberia.
Highly prospective new landholding secured at the
Massigui Gold Project, Mali.
Divested non-core assets and reduced board to focus
expenditure in the ground.
![Page 6: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/6.jpg)
Mali
3rd
Largest Gold Producer in Africa
2571km2 ground holding in Mali.
17 exploration permits in south and
west Mali.
Massigui Gold Project - Recent
acquisition - large highly prospective
land holding adjacent to operating
Morila Gold Mine.
Dankassa Gold Project – Advanced
exploration targets in emerging gold
belt.
Korindji Gold Project – Early stage
exploration in one of the premier gold
regions in West Africa.
Quality ground position in World
Class Gold Fields
8
*red lines are geological structures BIRIMIAN GOLD’S SOUTHERN MALI GOLD PROJECTS
![Page 7: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/7.jpg)
Acquired in October 2012
Large (1638 km2) land holding.
Predominantly held 100% by Birimian Gold.
Advanced Prospects - Potential for immediate
gold resources.
Significant exploration potential within highly
prospective tenure.
Majority of prospective host rocks under
BGS tenure.
Multiple mineralised trends to be
systematically explored.
Drilling to target high-grade Morila-style gold
deposits.
New Acquisition in World Class Gold Camp
8
Massigui Gold Project - Mali
![Page 8: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/8.jpg)
Massigui Gold Project
Excellent potential for high grade, large
tonnage, free milling gold mineralisation.
>6Moz gold produced from Morila Gold Mine.
Average >0.5Moz annual production at cash
costs over life of mine of $216/oz.
Peak production in 2002. In excess of 1Moz
produced at 12g/t gold grade and cash cost of
$74/oz.
Significant potential for additional low cost gold
discoveries in the district.
Multiple advanced to early stage gold
prospects.
Drill ready targets.
Targeting the next “Morila”
8
![Page 9: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/9.jpg)
Dankassa Gold Project - Mali
Contiguous ground holding covering ~450km2.
Proven gold district. Major player (Gold Fields)
with strategic landholding around Dankassa.
Excellent infrastructure.
Access by sealed highway 110km south of
the capital Bamako.
Hydroelectric power station to the south.
High-voltage power passes within 5km of the
Project.
Extensive exploration programs completed
by BGS within the broader Dankassa Project
during 2011 – 12.
Quality ground position adjacent to
excellent infrastructure
*red lines are geological structures
8
![Page 10: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/10.jpg)
Kourouba Prospect:
Two phases of drilling completed.
Significant intersections in shallow drilling, e.g:
12m @ 1.67 g/t gold from 26m
21m @ 1.01 g/t gold from 18m
15m @ 1.25 g/t gold from 16m
Indications of a very large gold mineralised system,
e.g: drill intersections up to,
93m @ 0.33 g/t Au from 15m (0.3g/t cut-off)
Dankassa Region:
Numerous coherent gold in soil anomalies on
mappable trends over 15km of strike.
First pass aircore and auger drilling completed.
New gold trend delineated in drilling – Dankassa
Gold Trend.
Developing new high priority targets within the Dankassa Project.
9
Dankassa Gold Project
![Page 11: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/11.jpg)
Dankassa Gold Project
12km of drill defined gold prospective strike.
High tenor, tightly constrained, gold in auger
drilling anomaly.
Peak values up to 6 g/t Au.
High Priority Drill Targets
Highly anomalous central zone. Wide spaced
auger assays >0.5 g/t over 800m of strike,
including 1.26 g/t Au.
Wide spaced scout Aircore drilling in March
2012 confirmed and extended bedrock gold
mineralisation.
8km of highly prospective gold trend remains
untested by drilling.
Infill and extension drill planning underway.
10
Dankassa Gold Trend
![Page 12: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/12.jpg)
Korindji Gold Project - Mali
213km2 ground holding in a tightly held and highly
productive gold district.
Located in the Kenieba Inlier – one of the premier
gold mining districts in Africa. Hosts in excess of
45Moz of gold.
Situated 20km east of the 13Moz Sadiola & 4.5Moz
Yatela Gold Mines
Project area straddles the Kakadian-Kerekoto Shear
Zone (KKSZ). The Massawa Gold Project (3.5Moz),
in Senegal, occurs in close proximity to the regional-
scale KKSZ.
SADIOLA PIT
11
![Page 13: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/13.jpg)
Liberia
The Next West African Gold Story
Democratically elected government.
English speaking.
Modern mining code based on US legal
principles.
Rapidly emerging resources sector.
Major resource infrastructure development
underway; BHP, Arcelor Mittal, Sevestal.
Highly prospective, but largely un-explored
gold terrane.
4
![Page 14: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/14.jpg)
100% interest in 1,131km2 license. A large
undrilled land package in Eastern Liberia.
Within close proximity to active explorers
including Hummingbird (3.8Moz) and Equator,
and their key projects.
Extensive artisanal workings.
Major regional structures transect project area.
Highly encouraging 1st pass exploration
undertaken during 2011 -12
No modern gold exploration, > 45 km of gold-prospective strike
5
Large scale artisanal workings
at Basawa
Simplified geology with gold occurrences
(yellow) and gold projects (labelled).
Basawa Gold Project - Liberia
![Page 15: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/15.jpg)
Basawa Gold Project
6
Reconnaissance soil sampling has defined two new gold trends at Bafawehn and Betu.
Extensive artisanal workings indicate a primary source of gold in close proximity.
Multiple new Prospect areas. Analytical values of >4 g/t gold from soil sampling.
Initial focus on an area of 100km2. Broader project area (>1000km2) completely unexplored.
Bafawehn Gold Trend - Soil Sampling and
Reconnaissance areas at November 2012.
![Page 16: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/16.jpg)
Forward Work Plan
Massigui Gold Project, Mali
Drilling at existing prospects to commence 1st qtr 2013
Historical data acquisition and review completed 1st qtr 2013
New target generation and drill evaluation of new prospects 1st half 2013.
Continue to seek highly prospective additions to current landholding.
Dankassa Gold Project, Mali
Investigate scope for large tonnage open-pittable gold resources at Kourouba.
Follow up and infill drilling along the Dankassa Gold Trend.
Continue to seek additions to current landholding.
Basawa Gold Project, Liberia
Drill target definition at new prospects around Bafawehn.
Subject to final permitting approvals. Anticipate 1st pass reconnaissance drilling
in 2nd qtr 2013.
Expand regional soil sampling coverage over regional gold trends.
Commence reconnaissance over unexplored gold trends around Ufaka.
13
![Page 17: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/17.jpg)
Summary
Solid cash position (>$2.5m), post-current capital raising.
Minimal Enterprise Value (~$0.5m)
Board, Management & In-country teams with extensive West African experience.
Exciting projects in world class and emerging gold districts.
Active exploration and work on the ground.
Massigui Gold Project, Mali
Exceptional scope for new gold discoveries and immediate gold resources.
Drilling to target high-grade Morila-style gold deposits.
Dankassa Gold Project, Mali
Quality ground position adjacent to excellent infrastructure.
Advancing known prospects and developing new high priority targets.
Basawa Gold Project, Liberia
No modern gold exploration – Unexplored.
>45 km of gold-prospective strike delineated to date.
13
An emerging gold explorer in West Africa
![Page 18: AGM Presentation 27th November 2012 - Mali Lithium · 2019-06-20 · This presentation may contain certain forward-looking statements which have not been based solely on historical](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f10db297e708231d44b24f6/html5/thumbnails/18.jpg)
Contacts
Kevin Joyce
Managing Director
+61 8 9226 1356
+61 431 715 581
14
ASX:BGS
www.birimiangold.com