RIU Explorers Conference Update – Fremantle 14 …€¦ · as well as political and operational...

RIU Explorers Conference Update – Fremantle 14 February 2013

Discovery Pit

East Pit

RIU Explorers Conference Update – Fremantle – February 2013

Cautionary Advice on Forward Looking Statements Ø  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.

Ø  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.

Ø  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.

Ø  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.

Ø  Exploration targets are conceptual in nature and drilling may not convert these to resources.

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RIU Explorers Conference Update – Fremantle – February 2013 3


Strategic Achievements

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Achievements in the last 15 months Ø Silver, Gold & Zinc mine acquisition Ø Silver/Gold mill acquisition/expansion Ø  73,400m drilled; 352,880m in review

Ø  Ø Exploration – Copper/Nickel upside Ø Operations management team Ø Road to production

Silver Eq 0 → 18.3Moz Gold 100 → 330Koz Zinc 0 → 49Kt


Corporate

ASX Code: MRP ASX Listed: 24 December 2010

Ordinary Shares: 249 million Unlisted Options: 22 million Market Cap: A$80M (at 32 cents)

Cash: A$12M (January 2013)

Debt: Nil

Projects 100% Nimbus Silver-Gold-Zinc VHMS 100% Boorara/Coolgardie Gold Assets

Substantial Shareholders

Directors/Management: 37% RK Mine Finance: 8.5%

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Directors Ashok Parekh, Chairman Morrie Goodz, Managing Director Jeff Williams, Non-Exec Director Stephen Hewitt-Dutton, Co. Secretary Ray Wright, Mining Advisor


2013 Project Schedule

Ø  Completion of Mining Tender process Ø  Completion of Optimisation Studies Ø  Completion of Mill Process Flowsheet Ø  Completion of Mill Equipment Specs and Tender Documents Ø  Completion of Plant Build Tender Process +15% Ø  Completion of Financial Modelling Ø  Finance Options Review Ø  Completion of First Pass Drilling on Nimbus Deeps and Copper

Targets & Commence Boorara Drilling Ø  Metallurgical testwork on Copper Lenses Ø  Review of Additional Concentrate Flowsheets – Copper Circuit Ø  Design of Concentrator Plant Ø  Delivery of Merrill-Crowe Plant Ø  Delivery of Gravity Circuit Ø  Commissioning of Gravity and M-C Plant

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March April August October

Q1 2014


Video Flyover – CLICK HERE TO VIEW

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http://www.mrpresources.com.au/videos-201302.php


Grade is King – Massive Sulphides DSO – 3200g/t Ag, 41% Zn, 14% Pb

Corporate Update – AGM – Kalgoorlie – 23 November 2012 9

What Does Silver Highgrade Mean?

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TODAY LEVERAGE Sale price/oz $32 $50 Current MRP pit opGmisaGon cost price/oz $10 $12 Net margin 70% $22 $38 Target producGon (2014-‐2015) 2Mozpa 2Mozpa Target cash margin on model/spot price $44M $76M

Plus: Ø  Ongoing Gold credits Ø  New Gold producGon Ø  Zinc producGon –

18mth Ø  Hg -‐ Cu -‐ Pb credits


Zinc Prices predicted to be Climb by 20-40%

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Resource & Production Targets

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Project Growth – 18.3 Moz & open


Project Growth – Pit Expansion

Silver Superpit 1: 1.5million tonnes @ 179g/t Ag-‐Eq* (137g/t silver plus gold-‐zinc credits Equates to 6.6Moz silver plus 2.0Moz Ag-‐Eq from gold-‐zinc credits)


Exploration Upside – Pit Expansion Planned Nimbus Deeps Drilling

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Boorara Gold Deposits & Copper Targets

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Nimbus Mill

Brindabella Cu-‐Zn-‐Ag

Nimbus NW Cu-‐Zn-‐Ag

Nimbus Deeps Cu-‐Zn-‐Ag


Exploration Upside – Project Pipeline Diversification into Copper-Nickel

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Copper PotenYal -‐ analogies with the geology of nearby Golden Grove and Jaguar-‐Bentley mines support the high likelihood of copper-‐zinc-‐silver-‐gold feeder lenses being idenYfied nearby. Nickel PotenYal – both the Coolgardie and Golden Ridge tenements are at the northern extension of the Kambalda Nickel Dome and have known nickel occurrences – drilling of one of these outcropping zones will be undertaken in 2013.


Leach Tank Circuit Go-Ahead

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56.6% Zn Con 9.5% Ag Rec

74.8% Ag Con 15.7% Ag tail in testwork


Points of Difference

Ø  Grade is King (179g/t Ag-Eq)

Ø  Move to Producer

Ø  Polymetallic

Ø  Silver - Gold – Zinc

Ø Copper – Nickel

Ø ASX Code: MRP

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Grade is King (179g/t Ag-Eq)

Silver - Gold – Zinc

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Additional Background Information

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RIU Explorers Conference Update – Fremantle – February 2013 r e�

Experienced Management Team

Chairman (Executive) Ashok Parekh BBus, FCA, AIMM, FTIA Chartered Accountant 33 years experience Coordinates assets for IPOs

Managing Director (Executive) Morrie Goodz MSc (Mining Geo), MBA, FAIMM Cert Mine Manager Geologist – 34 years experience Discovered/designed 4 decline mines

Non-Executive Director Jeffrey Williams BSc (Mining Eng), MBA, FAIMM Mining Engineer – 39 yrs experience Founder – Mineral Deposits (MDL)

Company Secretary Stephen Hewitt-Dutton BBus, CA, SA Fin Chartered Acct – 18 years experience Specialist – Mergers & Acquisitions

Processing Manager Warwick Mckenzie BSc (Extractive Metallurgy) 14 years experience Manager of Operating Mills & Heap Leach Facility

Mining Advisor Ray Wright Cert Mine Manager 45 years experience Owner/Operator of 4 producing mines


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.

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Silver Superpit Potential

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Q2 2013

Cu

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Corporate Update – AGM – Kalgoorlie – 23 November 2012 r c �

First 6 lenses >18.3Moz Silver-Eq* Opportunities - 9 deposits - 50 lenses

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Existing Nimbus Process Plant

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� iv � pt � itEr Pi� � o� � Pr � p� ar e Tonnes: 318,992 tonnes

Average Grade: 352 g/t silver Production: 3.6 Moz silver

Operating Cost: $6.40/oz Average Sell Price: $9.07/oz

2012 Price: $27-$37/oz

18.3Moz Silver Eq* & 49KT Zn & 33KozAu 9 additional Ag & Polymetallic deposits

� � O� � Pr s� � Et �Met test work (oxide, transition, sulphides) Process water TSF 3 Mill construction � � Pv ih e � � � � � -‐ � �Works approval – DEC Mining proposal – DMP Native vegetation clearing permit - DMP

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Corporate Update – AGM – Kalgoorlie – 23 November 2012 r o�

Pit Optimisation Studies (August 2012)

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Gold Drillhole Intersections

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May 2012 Proposed Pit Cutback

Nimbus Mill NEW Western GOLD Zones Future Proposed Pit Cutback – December Review


Gold Intercepts Extend Pit Outline

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May 2012 Proposed Pit Cutback

NEW Western GOLD Zones 20 – 40m under cutback Future Proposed Pit Cutback – December Review

NEW GOLD Zone In Between Pits


Exploration Upside

Ø  Maiden silver resource – Nimbus main zone – 6 lenses being drilled

Ø  4 VHMS lenses at Nimbus (not yet classified)

Ø  9 other silver-zinc prospects

Ø  2013 – drillout of Nimbus Ø  2013 – JORC resource updates

Nimbus and Coolgardie

Ø  2013 – commence drillout of Boorara gold and adjacent lenses

Ø  2013 – commence drillout of other silver deposits

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Project Pipeline Boorara Gold Project – 2km from Mill


Boorara Gold Deposits & Copper Targets

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Nimbus Mill

Brindabella Cu-‐Zn-‐Ag

Nimbus NW Cu-‐Zn-‐Ag

Nimbus Deeps Cu-‐Zn-‐Ag


Coolgardie Gold Project

Coolgardie Gold Projects Ø 50% upgrade in gold

resources (>1.7g/t) Ø MacPhersons Pit 1

optimisation – 76,000oz Ø Tycho Pit 1 optimisation

– 43,000oz Ø A-Cap Deeps Discovery Ø 100% increase in

tenement holding Ø Nickel Projects

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MacPhersons Reward Gold Mine Optimised Pit 1 – 1.5Mt @ 1.8g/t Gold

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Target Plan to Production

Nimbus Silver-Gold-Zinc Mines Ø  New Merrill Crowe Expansion – 2013-14 Ø  Pit cutbacks and tailings processing Ø  10 Massive Sulphide lenses at Nimbus Ø  9 other Silver-Zinc deposits on tenements

Boorara – Coolgardie Gold Projects Ø  Multiple deposits on Boorara – Kanowna shear zones Ø  MacPhersons Optimised Pits and A-Cap Deeps Ø  Tycho pit optimisation and mine plan in progress

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RIU Explorers Conference Update – Fremantle 14 …€¦ · as well as political and operational...

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