“discovering and developing high-grade resources in central africa”
TRANSCRIPT
“Discovering and Developing High-Grade Resources in Central Africa”
DISCLAIMER and CONFIDENTIALITY
This presentation contains historical and forward-looking statements. The forward looking statements involve risks and uncertainties particularly with respect to resources and development plans, political events and operational capabilities. Forward looking statements appearing in this presentation represent management’s current estimates and these may change significantly as new information comes to hand.
The information contained in this presentation has been obtained by Mawson West from its own records and from other sources believed to be reliable, however no representation or warranty is made as to its accuracy or completeness.
The contents of this presentation are confidential, commercial in confidence and for the sole use of the potential investor it is provided to by the company or its adviser.
MAWSON WEST – PRIVATE PUBLIC COMPANY
Business Focus Copper/Gold - Africa
Development & Exploration
Other Australian projects Golden Mile South – 75-100% MWE
And JV’s Paynes Find – Prosperity 75%-MWE diluting
Kiaby Well – Silver Swan earning 60%Country of Operation Democratic Republic of Congo/ZambiaDirectors Non – Executive Chairman – Mark Stowell
Managing Director/CEO – David Frances
CFO – Glenn Zamudio
Non-Executive Director – Jonathan Asquith
Non-Executive Director – Anthony Lloyd
Shares on Issue 154,473,439
Cash and Receivables US$3.4 million
PROJECTS
Kapulo
Golden Mile South
Mid West Iron Ore
Strategic Joint Venture with Anvil Mining (65% MWE)
Approximately 5,500km² of contiguous tenure in DRC and Zambia
Mawson West progressing towards maiden JORC/43-101 resource.
KAPULO PROJECT
RECENT POLITICAL & OTHER CHANGES
•Govt Mining Review – No change to the Dikulushi Mining Convention
•New Mining Code (2003)
•First democratically elected government (2007)
•Major engagement by multilateral community:
•United Nations
•World Bank
•MIGA
•IFC
•International Monetary Fund
•Renewed bilateral engagement
•Engagement by international financial markets
•Engagement by political risk insurance agencies
•Increasing focus by international mining industry
Kilo-Moto Gold Belt: Historic Production 11Moz Au
Central African Copper Belt: Est. Reserves: 75Mt Cu; 4.5Mt Co
Equateur
Oriental
Bandundu
Katanga
Kasai OccidentalKinshasaBas-Congo
N.Kivu
S.KivuManiema
Kasai Oriental
Anvil Mining (Cu-Ag) Dikulushi
Banro Corp (Au)[Resource: 10.8Moz]
Africo Res (Cu-Co) Kalukundi
Twangiza-Namoya Gold Belt:
SouthernEra (Diamonds) Mbuji-Mayi
Angolan Kimberlite Trend
Lubumbashi
Metorex (Cu-Co) Ruashi/Etoile
Gravity Diamonds JV BHP Billiton
AngloGold (Au) [Resource: 1.2Moz]
Gold Fields (Au) Kisenge
Twangiza-Kilo-Moto Gold Belt: Current Est. Resources:
28Moz
BRC Diamonds JV BHP Billiton
TEAL(Cu-Co) Kalumines
Katanga (Cu-Co) Kamoto
Anvil (Cu-Co) Mutoshi; Kinsevere
Mwana Africa (Au)
Nikanor (Cu-Co) KOV Copper Resources
(Cu) Kinsenda
Mineral/Metal Reserve QuantityCopper 75MtCobalt 4.5MtZinc 7MtIron ore 1BtTin 45KtLithium 31MtMagnesium 7MtNiobium 30MtGold >28MozDiamonds 206M carats
Known Reserves:
Source: RBC Capital Markets estimates
DRC – Major Metallogenic, Mining & Exploration Activities
Mawson West (Cu)Kapulo
Tiger (Cu-Co)
KipoiFreeport (Cu-Co)
Tenke Fungurume
Located in the South East corner of DRC.
Anvil’s Dikulushi mine is 130km South West of Kapulo prospects.
Operated out of Congo and Zambia – 12km from Zambian border.
Project underpinned by Maiden JORC-43/101 resource in progress at Katanga and Safari North.
Currently drilling at Katanga and Safari North, both open ended and at depth.
Approximately 60km of strike on the mineralised Kapulo fault.
High-order copper geochemical anomalies along fault require trenching.
Numerous other copper & gold occurrences yet to be evaluated-000’s of km sq to be explored
KATANGA
KATANGA53 diamond drill holes completed. Orebody comprises a south plunging high-grade copper shoot. Latest results: 45m @ 5.1% Cu incl. 30m@ 7.4%Cu
48m @ 4.4% Cu incl. 14m @ 11.1% Cu
64.4m @ 5.9% Cu incl. 40m @ 8.6% Cu
62m @ 4% Cu incl. 27m @ 8.3% Cu
Grades up to 40% Cu recorded.
Lode
Indicated Inferred Total
Tonnes Cu Ag Mt % g/t
Tonnes Cu Ag Mt % g/t
Tonnes Cu Ag Cu Ag Mt % g/t t MOz
HWFW
2.1 6.3 20 4.5 1.0 3
0.2 6.2 25 1.3 0.8 5
2.4 6.3 21 148,300 1.56 5.8 0.9 3 53,000 0.57
Total 6.6 2.7 8
1.5 1.6 8
8.1 2.5 8 201,100 2.14
1%COG 4.3 4.0 13 174,000 1.80
0.5% COG Copper PRELIMINARY INTERIM RESOURCE
KATANGA DRILL SECTIONS
SAFARI NORTH
SAFARI NORTH
Lode
Indicated Inferred Total
Tonnes Cu Ag Mt % g/t
Tonnes Cu Ag Mt % g/t
Tonnes Cu Ag Cu Ag Mt % g/t t MOz
HWFW
0.4 5.2 12 0.4 0.9 2
0.3 3.9 8 1.0 0.8 2
0.7 4.7 10 33,500 0.24 1.4 0.8 2 11,000 0.09
Total 0.8 3.2 8
1.3 1.5 3
2.1 2.2 5 44,800 0.32
1%COG 1.0 3.7 8 37,000 0.26
0.5% COG Copper PRELIMINARY INTERIM RESOURCE
25 Diamond drill holes completed. Results to date very encouraging:30m @ 4.3%Cu incl 18m @
6.6%Cu
10m @ 5.2%Cu
34m @ 3.4%Cu incl 22m @ 4.9%Cu
SAFARI NORTH DRILL SECTIONS
SAFARI NORTH & SAFARI SOUTH
High order geochem drill targets on the 60km mineralised Kapulo fault
Kapulo deposits open-ended and open at depth
Other stratabound and vein style Cu and gold occurrences within the project area
Potential for new targets to host very significant copper tonnes
POTENTIAL
Systematic metallurgical and geotechnical test work underway.
PFS results of metallurgical test workLocked Cycle test:34.4%Cu @ 93.2% Rec and 90g/t Ag @ 92% Rec
African Mining Consultants engaged for Environmental and Social Impact Assessment.
Preliminary Pit Optimisation studies underway.
Investigating possible recommissioning of hydro powerstation at Piana Mwanga and other hydropower options.
DEVELOPMENT
Mawson West collaborating with Medicines Sans Frontiers –humanitarianand medical aid agency.
MSF are providing AIDS and health education for the workers & the localvillagers.
As part of the JV with Anvil, Mawson will take part in social development
programs in the region for community based projects.
Construction of mud brick accommodation is underway for employees atKapulo.
Mawson provided logistics for MSF in it’s vaccination campaign against measles for children aged between 6 months & 5 years.
SOCIAL DEVELOPMENT
GOLDEN MILE SOUTH
The Golden Mile Superpit Looking South – Kalgoorlie, Western Australia
Golden Mile South Project
GOLDEN MILE SOUTH OVERVIEW
One of the premier precious and base metal endowed regions in the world >100Moz Au &>4Mt Ni metal.
Extensive tenement package (112km²) with 75%-100% ownership by Mawson West Ltd.
Only 4km SE of the Kalgoorlie Superpit and under explored.
Unparalleled infrastructure – several local operating mills, roads, railways, exploration services etc.
MID WEST IRON ORE & GOLD PROJECT
466.5km² JV TENURE
Paynes Find JVPaynes Find JV
(Prosperity Resources 75%)
Resource definition work
Kiaby Well JV Kiaby Well JV
(Silver Swan earning 60%)
Recently granted – Gold/Iron ore project
Close proximity to Gindalbie’s Karara iron ore deposit and Mount Gibson’s Extension Hill deposits
MAWSON WEST LTD
Kapulo
Golden Mile South
Mid West Iron Ore
• Shares on issue 154,473,439
• Unlisted public company
•Cash and receivables US$3.4 million
• Experienced management with African expertise
• Rapidly advancing high-grade copper project
• Early production potential
• World class resource potential
• Good portfolio of high quality exploration projects
SUMMARY
Please visit uswww.mawsonwest.com.au
ContactDavid Frances – Managing Director & CEO
Telephone: +61 8 9321 9669
Fax: +61 8 9481 2394
Email: [email protected]