ironclad investor presentation july 2015
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THE JUMBUCK GOLD PROJECT
– THE ROAD TO PRODUCTION July 2015
1
DISCLAIMER
• This presenta,on does not purport to provide all of the informa,on an interested party may require in order to inves,gate the affairs of IronClad Mining Limited IronClad) nor shall it be construed as a solicita,on to buy or sell IronClad securi,es, or to engage in or refrain from engaging in any financial transac,on. In preparing this presenta,on IronClad did not take into account the investment objec,ves, financial situa,on and par,cular needs of the individual investors.
• Before making an investment decision on the basis of this presenta,on, the investor needs to consider, with or without the assistance of a financial advisor, whether the investment is appropriate in light of their par,cular investment needs, objec,ves and financial circumstances.
• This presenta,on is based on informa,on acquired from associated companies, internal company reports and technical informa,on believed to be reliable but IronClad does not make any representa,on or warranty to its accuracy, completeness or currency. IronClad accepts no obliga,on to correct or update the informa,on or opinions expressed in it. Opinions expressed are subject to change without no,ce and accurately reflect the views of IronClad at the ,me of presen,ng. Photographs, unless cap,oned, are not from the project area.
• This presenta,on has originated from IronClad Mining Limited. • The informa,on that relates to explora,on targets, explora,on results and drilling data is based on informa,on compiled by
Ian D. Finch who is a member of the Australian Ins,tute of Resources and Metallurgy and who has more than five years experience in the field of ac,vity being reported on.
• Ian Finch has sufficient experience which is relevant to the style of mineralisa,on and type of deposits under considera,on and to the ac,vity which he is undertaking to qualify as a competent person as defined in the 2012 Edi,on of the ‘Australasian Code for Repor,ng of Explora,on Results, Minerals Resources and Ore Reserves.
• IronClad Mining Limited consents to the inclusion in the presenta,on of the maTers based on his informa,on in the form and content in which it appears.
• Explora,on Target (Target) Statement: • An Explora,on Target (Target) does not cons,tute the defini,on of any resource, which is compliant with the JORC Code.
Target tonnages and grades contained herein are conceptual in nature and may or may not be realised through comple,on of further explora,on and other studies on the targets described. As such, it is uncertain if further explora,on will result in the determina,on of tonnages and grades that conform to mineral resources or ore reserves under the JORC code
MERGER
ASX: IFE
ASX: TYX
CORPORATE PROFILE
ASX: IFE (soon to be TYX)
Ø Shares on Issue……………………. 208 M Ø Op;ons on Issue………………….. 38 M Ø Share Price…………………………… 2.2c Ø Market Capitalisa;on…………… $4.6 M
» Ian Finch – Chairman » Neil McKay – Director » Peter Rowe – Director » Bruno Seneque -‐ Director
RE-CAPITALISATION
Ø Liquid Assets (OGX shares)……………$1.2M Ø Sale of Assets (being finalised)……..$3.0M Ø Return of Environmental Bond……..$0.3M Ø Cash at Bank…………………………………$0.4M Ø Proposed Equity Raising……………….$0.6M
TOTAL = $5.5M
WHY INVEST ?
Challenger Mine
1Moz of Gold Production 108,000Oz Au @ 9.52g/t at its peak (2005-06)
DOMINANT LAND POSITION
• IronClad control +8,000km2 surrounding the Challenger Gold Mine.
• Resurgence in ac7vity in Western Gawler Craton
• IronClad has largest and most prospec7ve land holding
Objec;ves
• Early Produc;on. • Process through Challenger Mill. • Revenues to fund Resource / Reserve defini;on at Pipeline prospects.
UNTESTED CALCRETE ANOMALIES
COHERENT CALCRETE ANOMALIES
FIRST PASS DRILLING SUCCESS
ECONOMIC INTERSECTION
DEPOSIT
RESOURCE
MINE CHALLENGER
PROJECT DEVELOPMENT
>280 Targets
1 Deposit
3 Deposits
3 Prospects
9 Prospects
16 Targets
Pipeline to produc;on
PRIORITY 1 PROSPECTS
THE PLAN
Drill “Golf Bore” Target 100-‐150,000 Oz
@ 3g/t Gold
Drill 5 Other Golf Bore-‐like Targets
Target 500,000 Oz @ +3g/t Gold Resource
Drill Deeper, Higher Grade Challenger Lookalike Targets
Target 1 -‐5M Oz @ 6 -‐ 9g/t Gold Resource
+/-‐ 300,000Oz Reserve
Mine – Centrally Located Plant Mine – Centrally Located Plant
Reserve
FIRST PHASE (Open Pit)
SECOND PHASE (Underground)
Legend Historic Drill Hole
Planned Drill Hole
Mineralised Zone
Poten;al Extent of Ore Body
GOLF BORE - PLANNED DRILLING
Legend
Historic Drill Hole
Planned Drill Hole
Mineralised Zone
Poten;al Extent of Ore Body
GOLF BORE - PLANNED DRILLING
Challenger Pit Outline (for scale)
1/31.6 15/3.8
2/17.6
1/15.9
SW NE
100m
4/9.5 = No. of metres/Au grade (g/t)
1/24.5
4/11.6
1/52.3
11/5.5
OPEN 4/4 9/2.8
15/3.1 3/4.3 2/5.9
OPEN 3/5
15/6.4
7/10
1/25.7 2/5.6 7/7.9 4/19 1/11.7
2/8.8
23/3.1 Inc. 2/28.1
7/4.6
1/10.7 15/2.8
GOLF BORE - LONG SECTION
Calcrete Legend Au (ppb)
3m@2.48g/t
1m@9.89g/t
2m@1.71g/t
1m@3.03g/t
EL IFE 53%/KCN 47%
EL IFE 100%
GOLF BORE NORTH
GOLF BORE
GOLF BORE NORTH
TYPHOON
CHALLENGER GOLD MINE
TYPHOON
TYPHOON - LONG SECTION
NE SW
6/9.6 Inc. 1/37.9
1/6.4
7/6.01 Inc. 1/33.7
3/2.83 9/1.92
12/2.1
6/1.1 3/3.5 1/28.8
2/4.6
1/2.87 3/3.68
4/2.42 4/1.89
4/6.18 12/2.2
4/6.18 = No. of metres/Au grade (g/t)
50m OPEN
MAINWOOD
CHALLENGER GOLD MINE
MAINWOOD
MAINWOOD LONG SECTION
12/1.7 1/5.3
1/33.5
SW NE
4/9.5 = No. of metres/Au grade (g/t)
2/4.2 10/1.7 1/41.1
13/3.5 Inc. 1/25.2
6/4.7
3/3.2 100m
13/1.1
8/2
10/1.6
27/1.2 6/2.5 4/4.9
HOW? .... PLAN ‘A’
PROCESS THROUGH CHALLENGER PLANT
Source: Kingsgate Consolidated
• Low to Nil CAPEX • Early Cash Flow
Fast-‐track to Reserve at Golf Bore
Process Ore Through Plant Subject to Terms of JV
HOW? ... PLAN ‘B’ ACQUIRE / BUILD
PLANT Aggressively target ~500,000 Oz Gold near
surface resource base
Convert to reserves of ~300,000 Oz @ 3g/t Au
650 tpa plant net 40,000 Oz Au per annum over 7.5 years
• Well-‐posi;oned for regional control of new gold province
WHY INVEST?
Ø Near Produc;on Ø Low to nil CAPEX Required Ø Clear Plan & Strategy Ø Low Entry Point Ø First Mover Advantage Ø Extensive New Gold Province
POLLUTED WITH GOLD
A NEW GOLD PROVINCE
THANK YOU 25
CHALLENGER GOLD MINE
• Consistent high grade gold mined to depth of 1km
• Produced over 1Moz @ ~6g/t Au since 2002
• Several other zones
discovered during operations
• Produced 108,000Oz @ 9.52g/t Au at its peak (2005-06)
• Regional exploration
since discovery has been sparse
Source: Kingsgate 2015
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