RESOURCES Les Ressources Komet Inc.kometgold.com/en/wp-content/uploads/2018/07/new... · 3 TSX-V:...

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TSX-V: KMT www.kometgold.com 1 KOMET RESOURCES Les Ressources Komet Inc. Developing the Guiro High Grade Gold Lode Deposits Exploring for new Gold Deposits Corporate Presentation July 2018

Transcript of RESOURCES Les Ressources Komet Inc.kometgold.com/en/wp-content/uploads/2018/07/new... · 3 TSX-V:...

Page 1: RESOURCES Les Ressources Komet Inc.kometgold.com/en/wp-content/uploads/2018/07/new... · 3 TSX-V: KMT KOMET RESOURCES COMPANY OVERVIEW AND HIGHLIGHTS May 2015 Acquisition of the Guiro-Diouga

TSX-V: KMT www.kometgold.com1

KOMETRESOURCES

Les Ressources Komet Inc.

Developing the Guiro

High Grade Gold Lode Deposits

Exploring for new

Gold Deposits

Corporate PresentationJuly 2018

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DISCLOSUREFORWARD-LOOKING STATEMENTS

Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results andfuture events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place unduereliance on forward-looking statements. Forward-looking statements include words or expressions such as “projected”, “initial”,“targeted”, “expected”, “anticipated”, “estimates”, “potential”, “priority”, “objective”, “aim”, “continuing”, “planned”, “designed to”, “inorder to”, “achieve”, “envisaged”, ‘will”, “committed”, “evolve”, “become”, “pursuing”, “growth”, “opportunities” and other similar words orexpressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by theforward-looking statements include the ability to achieve our 2018 production guidance, the accuracy of our assumptions, the ability toexecute on our strategic focus, fluctuation in the price of currencies, gold or operating costs, mining industry risks, uncertainty as tocalculation of mineral reserves and resources, delays, political and social stability in Africa (including our ability to maintain or renewlicenses and permits) and other risks described in KOMET’s documents filed with Canadian securities regulatory authorities. You canfind further information with respect to these and other risks in KOMET’s 2015 Annual MD&A, and other filings made with Canadiansecurities regulatory authorities and available at www.sedar.com. These documents are also available on our website athttp://kometgold.com. KOMET disclaims any obligation to update or revise these forward-looking statements, except as required byapplicable law.

We also advise you that the terms “Inferred Resources” and “Indicated Resources”, although recognized and required by theCanadian Securities Administrators, are not recognized by the US Securities and Exchange Commission. There is no certainty thatInferred Resources or Indicated Resources will be economically mineable. All mineral resources are exclusive of mineral reserves. Inthis presentation,

All amounts are in Canadian Dollars (CAD) unless otherwise indicated.

The material presented herein is private and confidential. The contents are not to be reproduced or distributed to any third party,including the public or press.

Qualified Person : The qualified person for Komet’s projects, L.Werner Claessens, President & CEO for Komet, professional geologist,member of the European Federation of Geologists, has reviewed and verified the contents of this presentation (add PvO ?)

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COMPANY OVERVIEW AND HIGHLIGHTS

May 2015 Acquisition of the Guiro-Diouga Property and the Guiro Small Scale Mine

in Burkina Faso

2015 - 2016 Reconstruction – Renovation of the Guiro mine followed by optimisation test runs

June 2016 Acquisition of the Dabia South Exploration Permit

located in the very prospective Kenieba area, western Mali

1st Qter 2017 - Guiro : Installation and testing of ore concentrators and Acacia gravity-leach unit

- Dabia S : 1st phase exploration drill campaign – development of Kabaya mineralization

May 2017 Guiro : Startup of commercial Production

May 2017–May 2018 Company struggles to manage mine operation, and stabilize and increase Gold Production

March 2018 Dabia S : 2nd phase exploration drill campaign ; develop the gold resource

May 2018 Corporate Restructuration ; nomination of new CEO, CFO and COO/VP Explor.

3rd – 4th Qter 2018 Objectives - reorganization and restructuration of the company

• Improve small scale mine operation, increase Gold Production• Renew and reduce size of Mining Permit ; convert remaining part in Explor. Property

• Finalize transfert of 2 exploration permits totalling (+/- 500 km²) to Komet

• Design and prepare Exploration Programs to :

- develop regional exploration potential

- extend Guiro gold lode resources

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2019-2020

Burkina Faso

Exploration

• Design an aggressive Exploration Program to develop

the Regional Gold Potential of the 500 km² Exploration Properties

• Make new discoveries and develop Gold Deposits

Guiro Mine

• Improve (M&I) and Expand the known Gold Resource

• Design a long term Mine Plan

• Improve mine infrastructure, develop underground

mine,

• Increase significantly gold production

Mali

• Continue Exploration and Definition drilling

• Expand existing resource in depth

• Find new Resource zones

COMPANY STRATEGY

In the new Strategy Management set itself the task

to find the necessary investments in order to realize

the following objectives :

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New MANAGEMENT TEAM and BOARD OF DIRECTORS

New Management

L.Werner Claessens, M.Sc., P.Geo

President & CEO

Etienne Courchesne, CPA, CA

Chief Financial Officer

Large experience in public company financial

reporting ; former Fin. Controller of Stornoway

Diamond Corporation

Pascal Van Osta, M.Sc., P.Geo

COO and VP Exploration

Mr. Claessens and Mr. Van Osta have resp. 35 and 30

years of experience in gold and base metal exploration

in West Africa and the Guyana Shield of South America.

During their parallel careers they achieved several suc-

cesses as part of the teams that discovered Sadiola Hill

and Morila gold deposits in Mali, Samira Hill in Niger,

Youga in Burkina Faso and Agbaou Hill in Côte d’Ivoire,

all of which became producing mines. More recently they

focused on the world class gold-copper Toroparu project

in Guyana, which is now at the feasibility stage.

Board of Directors

Robert Wares, D.Sc., P.Geo

Chairman of the BoardPresident of the Order of Geologists of Quebec

EVP Explor.&Res.Dev. Osisko Mining

André Lebel, LL.B., B.Sc.A.

VP Legal Affairs and Corp. Secr. Of

Osisko Gold Royalties

Pierre Colas, B.Comm.

Former Financing Director at Desjardins

and Industrial Alliance

Mathieu Savard, B.Sc., P.Geo

VP Exploration of Osisko Mining

André Gagné, BA

L.Werner Claessens, M.Sc., P.Geo

President/CEO

Albert WildgenAdvisor to the Board

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Exchange TSX.V: KMT

Share Price* CAN$ 0.24

Market Cap* CAN$ 17.6M

52-Week Range (low-high) CAN$ 0.48 – 0.23

Shares Outstanding 73,481,385

Stock Options 3,750,000

Fully Diluted Share Capital 77,231,385

71%

29%

Retail

Investors

Management

and Insiders

CAPITAL STRUCTURE

Komet Resources Inc.

Corporate Office

HQ, Québec, Canada

Operations office

Ouagadougou,

Burkina Faso

4.5 year KMT share price CAD

USD

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BURKINA FASO – West Africa

Capital : Ouagadougou

Population : 20 millions

Currency : CFA franc (XOF)

4th gold producer in Africa

Total Resources (M&I&Inf.) : +/- 60 M oz

11 mines in production(1st mine in 2006)

4 mines in construction

5 gold deposits in development

Markoye

Fault Corridor

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THE GUIRO-DIOUGA PROPERTY

The Mining License, 65 km², lies within the Bouroum-

Yalogo belt in northeastern Burkina Faso. The property

is positioned immediately East of the regional Markoye

fault zone lineament, which is adjacent to significant gold

deposits including as f.ex. Essakane, Taparko, Sanbrado, Kiaka

The Guiro Mine is located in the southwestern

edge of the Mining License.

Guiro Mine.

0 20km10

Markoye

Fault Corridor

Guiro-Diouga

Mining Permit.

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GUIRO MINE : an UNDERGROUND OPERATION

Guiro is an underground operation. The mined orebody is a steeply dipping, E-W oriented, shear-hosted,

high grade gold quartz vein and is striking over several 100 of m within a granodiorite intrusive.

Based on the existing core drill results (irregular and large defin. drill grid) an estimated Potential Resource was

calculated of around 100,000 oz ; an re-evaluation of the resource is ongoing

One single shaft providing access to the underground mine,

used for personnel entering-leaving mine and hauling ore.

The primary mining method is longitudinal longhole stoping,

with delayed waste rockfill. Ore is mined using pneumatic

jaglegs and blasting. Ore is manually shoveled in wagons

and transported to the shaft and surface.

Average ore production of 64 tpd (over last 6 months).

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After crushing and milling

the heavy ore concentrate

is processed in the Acacia Reactor

GUIRO MINE : ORE PROCESSING

The rejects of the

Acacia unit and fine

fraction ore is

pumped to theVAT Leach units

GOLD PRODUCTION - LTM

Ye

ar

Month

Ore Prod

T of ore

Total Monthly

Gold Prod.

grs. Au

2017 JUN 1,530 6,179.21

JUL 1,475 6,103.07

AUG 1,684 5,392.62

SEPT 2,149 6,476.42

OCT 2,231 7,613.86

NOV 2,065 3,899.39

DEC 2,350 3,750.66

2018 JAN 1,945 6,577.47

FEB 1,583 10,877.47

MAR 1,921 10,228.32

APR 1,882 6,373.87

MAI 2,260 5,596.81

Totaux : 23,075 79,069

Monthly aver. Production 1,923 6,589

Ore -dayly Prod. 64 T

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GUIRO EXPLORATION - Growth Opportunities

* Plan and budget Core Drill campaigns,

Exploration and Resource Definit. Drilling

Objectives :• Acquire better geological

Understanding

• Expand the Guiro Main Vein

Resource, laterally and in depth

* Drill and Explore the Guiro North and

South auriferous quartz vein sets

Objective : add significant resources(recently 8 recon core holes were drilled and

revealed High Grade intercepts in the southern

vein)

Guiro Mine Site

Guiro North vein sets

0 200m

The Guiro Site has Resource Growth Potential

There is the Potential to double even triple the existing resource

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GUIRO REGIONAL EXPLORATIONBuilding a large Exploration Package

• The Acquisition of two Exploration permits is in its final phase; Kalo and Dalinga properties will be transferredin the next weeks to Komet

• The Application to renew and reducethe Guiro Mining Permit (from 65km²

to 1.5 km²) is in Progress

Result : a contiguous Exploration

Package of total 510 km²

Exploration Program and Budget are in Preparation

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GUIRO REGIONAL EXPLORATIONAn impressive Gold Potential

• Compilation of historic exploration data and

reports (80ties-90ties)

• Presence of numerous artisanal diggings(going on since decades)

10 auriferous vein systems identified

in an area where large zones remain

underexplored within the Bouroum-Yalogho belt

In 2017 Komet’s financed

• A 560 km² Airborne EM-MAG survey

• The Acquisition of Landsat – Aster images

• A Lithostructural and Alteration System Study

of all available regional information

Result

an Impressive Gold Potential0 10km

Artisanal diggingsGold findings

Litho-structural & Alteration zones

Interpretation

Airborne EM survey - TAU

Airborne Total MAG Hor. Grad.

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DABIA SOUTH EXPLORATION LICENSE

The Dabia South Exploration License was acquired

by Komet Mali in June 2016.

The property is located in western Mali, in the

southeastern corner of the Kedougou-Kenieba

Paleoproterozoic inlier, well known for world class

gold deposits as f.ex. in Mali, Sadiola, Loulo, Taba-

koto, Gounkoto, Fekola all of them mined by major

companies as Anglo-Ashanti, Iamgold, Randgold, Endeavour, B2Gold etc…

Kenieba

Bamako

Kedougou-Kenieba

Paleoproterozoic

inlier

Tabakoto

Fekola

Gounkoto

Loulo

Boto

DiakhaSiribaya

DABIA

SOUTH

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DABIA SOUTH EXPLORATION

Combined historic exploration results (soil geochemistry surveys – Gravimetric Survey) and extensive gold

digger fields put in evidence an area in the southern part of the Dabia property showing an interesting

Gold potential, called the Kabaya target zone.

Gravity Survey Litho-structurale interpretation

KabayaKabaya

Gold anomalous zone >50ppb

Gold diggers – artisanal mining zonesXX

X

X

X

XX

XX

XX

X

XX

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DABIA SOUTH EXPLORATION

Komet planned and executed two drill campaigns (1st Qter 2017 and March, 2018) of

shallow RC Holes (av. 65 m vertical depth) ; the results reveal a significant mineralization

system with good grade continuity.

Drill maps show two, north-south oriented, orebodies, within an estimated

+/- 80m thick saprolite layer. Orebodies seem to plunge slightly to the south.

A Block model and Resource Evaluation will be soon available

Kabaya SW

Kabaya Main

N

Leapfrog 3D image : Kabaya gold mineralization systemKabaya RC drill grid (+/- 25 x 25m)

Kabaya SW

Kabaya Main

N

1st RC campaign : 54 holes – 4243 m

2nd RC campaign : 38 holes – 3029 m

0 200m

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DABIA SOUTH EXPLORATION

Highlights RC Drill Resultscampaigns 2017 – 2018

EXPLORATION

* Proceed with Kabaya ExplorationProgram :

Design a 7,500 m Core drill Resource Definition campaign

Expand the Kabayamineralization system in depth withinthe bedrock part and laterally

* Reconnaissance exploration drillingis planned on the gold anomalouszones in eastern and northern partsof the Property

identify new Resource zones

2017

HoleIDType mFrom mTo

Drill

Width m

Weighted

Average

Grade Au

g/t

Km2017rc01 Infill 34 43 9 1.84Incl. 37 39 2 5.56

Km2017rc03 Infill 49 55 6 2.97Incl. 51 54 3 5.03

Km2017rc06 Infill 39 47 8 1.61Incl. 39 44 5 2.06

Km2017rc06 52 64 12 3.68Incl. 53 56 3 12.23

Km2017rc06 65 70 5 9.33Incl. 66 67 1 33.60

Km2017rc11 Infill 0 12 12 2.30Incl. 0 7 7 3.38

Km2017rc12 Infill 21 58 37 3.14Incl. 21 26 5 4.64Incl. 32 35 3 8.19Incl. 38 42 4 6.25Incl. 46 51 5 5.96

Km2017rc15 Infill 0 27 27 1.33Incl. 8 11 3 2.72Incl. 19 22 3 2.07

Km2017rc16 Infill 0 37 37 1.64Incl. 0 11 11 2.32Incl. 25 30 5 2.89

Km2017rc16 39 43 4 1.25Km2017rc17 Infill 0 22 22 1.11

Incl. 13 18 5 1.90Km2017rc18 Infill 46 48 2 6.18Km2017rc20 0 8 8 5.04

Incl. 2 5 3 10.56Km2017rc26 Infill 0 7 7 2.42

Incl. 0 3 3 4.28Km2017rc35 Infill 0 11 11 3.44

Incl. 0 5 5 6.22Km2017rc39 Infill 41 52 11 1.69

Incl. 41 44 3 3.56Km2017rc39 65 78 13 1.03Km2017rc41 Infill 0 11 11 1.86

Incl. 0 6 6 2.76Km2017rc48 Infill 7 18 11 1.60

Incl. 9 13 4 1.97Km2017rc48 45 58 13 1.01

Incl. 45 49 4 1.73Km2017rc50 Infill 7 20 13 1.36

Incl. 14 17 3 2.47Km2017rc51 Infill 8 37 29 3.12

Incl. 22 34 12 4.60Km2017rc52 31 37 6 3.62

Incl. 32 36 4 5.18Km2017rc52 50 60 10 1.41

Incl. 53 57 4 2.07Km2017rc52 71 80 9 1.77

Incl. 72 75 3 2.11

2018

HoleIDType mFrom mTo

Drill

Width m

Weigthed

Average

Grade Au

g/t

Km2018rc01 step-out 48 51 3 1.24

Km2018rc12 infill 6 23 17 1.63

Km2018rc12 30 58 28 1.06

Incl. 31 33 3 1.76

Incl. 47 50 3 2.01

Incl. 52 55 3 1.78

Km2018rc13 infill 12 20 8 1.07

Km2018rc13 24 31 7 1.21

Km2018rc13 33 41 8 1.11

Km2018rc15 infill 8 26 18 1.60

Km2018rc17 infill 59 61 2 1.06

Km2018rc19 infill 21 26 5 1.20

Km2018rc20 step-out 28 31 3 2.65

Km2018rc25 step-out 6 14 8 2.11

Incl. 7 11 4 3.80

Km2018rc26 step-out 21 28 7 1.53

Km2018rc31 step-out 17 19 2 1.13

Km2018rc31 45 78 33 1.26

Incl. 45 48 3 3.59

Incl. 50 53 3 1.92

Incl. 54 61 7 2.24

Km2018rc33 infill 68 76 8 2.66

Km2018rc34 infill 0 5 5 2.03

Km2018rc34 63 67 4 1.35

Km2018rc36 infill 60 64 4 1.53

Km2018rc36 68 70 2 1.95

Km2018rc36 76 79 3 1.78

Km2018rc37 step-out 10 20 10 1.16

Km2018rc38 step-out 41 45 4 1.90

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KOMET SUMMARY

Appealing Exploration Projects• in Burkina : Potential for Discovery of significant Gold Deposits

on a 500 km² underexplored Exploration Land Package• in Mali : Probable Expansion in bedrock and depth of

existing gold Mineralization system

Guiro Mine Project has growth potential• Exploration to double even triple existing mine resources• Design a long term mine plan• Increase gold production• Expand mining operation

Strong and Professional Board of Directors

New Dedicated Managament team with solid experience Developing Projects in Africa

KOMET RESOURCES

a Company with the Capacity for strong Growth

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KOMETRESOURCES

Contact Information

L.Werner Claessens

[email protected]

Robert Wares

[email protected]

Komet Resources Inc.

1191 De Montigny

Quebec, QC, Canada G1S 3T8

Phone: +1-581-300-1666

Email: [email protected]

http://kometgold.com/en