gold 2013 sydney - convergent minerals asx:cvg

Convergent Minerals Limited | ASX:CVG

Gold Symposium

Luna Park Sydney, October 2013

David W Price, Chief Executive Officer

+1 million ounces of gold

Mt Holland Goldfield, WA

Convergent Minerals Limited | ASX:CVG 2

BLUE VEIN: AN IMPRESSIVE START


Important Information

This presentation has been prepared by Convergent Minerals Limited (“Convergent” or the “Company”). It should not be considered as an offer or invitation to

subscribe for, or purchase any, securities in the Company or as an inducement to make an offer or invitation with respect to those securities. This presentation contains

forecasts, projections and forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown

risks and uncertainties, many of which are out of Convergent’s control. Actual results and developments will almost certainly differ materially from those expressed or

implied. Convergent has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. To the

maximum extent permitted by applicable laws, Convergent makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and

takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any

information, statement or opinion contained in this presentation and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any

forecasts, projections or other forward looking information contained or referred to in this presentation. This overview of the Company does not purport to be all

inclusive or to contain all information which its recipients may require in order to make an informed assessment of Convergent’s prospects. You should conduct your

own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions

contained in this presentation before making any investment decision.

Competent Person’s Statement

The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by David W. Price who is an Officer of

the Company. David is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM), a Member of the Australian Institute of Geoscientists (MAIG) and a

Member of the Australian Institute of Company Directors (MAICD). David 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’. David consents to the inclusion in this presentation of the matters based on the information in the form

and context in which it appears.

The information in this Document that relates to Mineral Resources at Blue Vein is based on information compiled by Robin Rankin, who is a Member of the

Australasian Institute of Mining and Metallurgy (MAusIMM) and accredited as a Chartered Professional (CP) by the AusIMM in the Geology discipline. Robin Rankin is

Principal Consulting Geologist and operator of independent geological consultancy GeoRes. He has sufficient experience which is relevant to the style of mineralization

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’ (the JORC Code). He consents to the inclusion in this presentation of

the matters based on his information in the form and context in which it appears.

3

DISCLAIMER


Robert Reynolds – Chairman

David Price – Chief Executive Officer

Glenn Goodacre – Non-Exec Director

John Haggman – Non-Exec Director

Hamlet Hacobian – Chief Financial Officer

Evan Spencer – Project Manager

CONVERGENT OVERVIEW

• Gold company

• Western Australian focused

• Proven producing goldfield

• 1.16Moz gold in JORC resource

• No debt

• Scoping study completed

• Experienced technical and

management team

• Excellent infrastructure

• Close to Perth

• Substantial exploration upside

Shareholder Shares (M) %Rogo Investments Pty Ltd 17.1 6.3

Navigator Australia Ltd 14.9 5.5

Bellarine Gold Pty Ltd 12.5 4.6

Technica Pty Limited 11.0 4.1

Blue Lake Resources P/L 7.7 2.8

Directors 25.6 9.5


Twinings

Group

128,000oz

Bush Pig

Razorback

38,000oz

Van Uden

238,000oz (80% CVG)

Victory

18,000oz

Bounty

Group

380,000oz

MT HOLLAND: DEVELOPMENT PROJECTS

Blue Vein

364,000oz


Haul

Roads

MT HOLLAND: EXISTING INFRASTRUCTURE

Water

Borefield

Airstrip

Waste

Dumps

Tailings

Dams

Haul

Roads

Waste

Dumps

Mains Electricity

Waste

Dumps

Old CIP

Plant


MT HOLLAND: EXISTING INFRASTRUCTURE

Mains electricity substation

Mt Holland CIL processing plant


Twinings

Group

128,000oz

Bush Pig

Razorback

38,000oz

Van Uden

238,000oz

DEVELOPMENT PROJECT: BLUE VEIN

Blue Vein

364,000oz

Resource Class Oz % Tonnes (t) Au (g/t) Au (oz)

Measured 39% 1,828,000 2.41 142,000

Indicated 22% 1,153,000 2.14 79,000

Inferred 39% 1,467,000 3.04 143,000

Total 4,448,000 2.55 364,000

Measured 37% 422000 5.84 79000

Indicated 18% 199000 5.76 37000

Inferred 45% 337000 8.72 95000

Total 958,000 6.84 211,000

Measured 35% 228000 7.7 57000

Indicated 16% 104000 7.7 26000

Inferred 48% 199000 12.27 78000

Total 531,000 9.41 161,000

0.5g/t cut

3.0g/t cut

Blue Vein JORC Mineral Resource - October 2012

4.5g/t cut


BLUE VEIN

• Strong, consistent gold

• Vertical mineralisation

• Deepest hole is 300m

below the pit floor

• Open at depth

• Open along strike


MT HOLLAND: BLUE VEIN PROJECT

11

Tailings Storage Facility

BLUE VEIN GOLD MINE

BLUE VEIN NORTH DEPOSIT BRIE PROSPECT


MT HOLLAND: SCOPING STUDY – STRONG RETURNS

Blue Vein

• High grade resource (+5.5g/t Au)

• In-pit decline access

• Underground mining (uphole benching)

• On-site gravity, flotation, high-intensity NaCN leach

• Plant capital cost <$16 million

• Optimised throughput 300,000tpa

• Planned production 42,000oz gold

• C1 = ~$800/oz. C2 = ~$1130/oz. C3 = ~$1190/oz.

• Cashflow $38 million from first 2.5 years mining


MT HOLLAND: FEASIBILITY – INPUT COMPONENTS

• Granted Mining Leases = reduced approval timeframe

• In-fill drilling to increase ‘Measured’ category of resource

• Definitive underground mine and stope design

• Geotechnical drilling along path of decline

• Maiden ‘Reserve’ estimation

• Detailed metallurgical tests (comminution, gravity, leach optimisation)

• Waste characterisation study

• Final process flowsheet

• Detailed costings and cashflow projections

• Mining proposal submission and approval

Completion anticipated

before end of Sept

quarter 2014


MT HOLLAND: VAN UDEN PROJECT (80% CVG)

14

ZEEHAN DEPOSIT

DIEMAN GOLD MINE

TASMAN GOLD MINE

KIRK DEPOSIT

HEEMS DEPOSIT

BLUE HAZE GOLD MINE


MT HOLLAND: BUSH PIG / RAZORBACK PROJECTS

15

RAZORBACK GOLD MINE

BUSH PIG GOLD MINE

SQUEALER DEPOSIT


MT HOLLAND: JASMINE / DARJEELING / EARL GREY PROJECTS

16

Tailings Storage Facility

JASMINE GOLD MINE

DARJEELING GOLD MINE

EARL GREY GOLD MINE

IRISH BREAKFAST DEPOSIT

STILTON DEPOSIT


MT HOLLAND: ORGANIC GROWTH

17

Stilton

6m @ 44.6g/t Au

Irish Breakfast

16m @ 4.3g/t Au

Dreadnought

4m @ 4.4g/t Au

Victory

15m @ 5.2g/t Au

Defiance

5m @ 6.42g/t Au Drake

9m @ 5.23g/t Au


CONVERGENT: A STAND-OUT MICROCAP

• Commodity-focused (gold)

• Experienced technical and management team

• Proven producing goldfield

• 1.16Moz gold in JORC resource

• Scoping study completed

• Feasibility phase commenced

• Excellent Infrastructure

• Close to Perth

• Substantial exploration upside


Convergent Minerals Limited

Suite 702, Level 7, 121 Walker Street

North Sydney NSW 2060

Phone: +61 (0)2 9956 8750

Contact us

[email protected]

www.convergentminerals.com

mailto:[email protected]

http://www.convergentminerals.com/

http://www.bmgl.com.au

gold 2013 sydney - convergent minerals asx:cvg

Technology

forward looking information

mineral resources

david consents

australasian code

david w price

bellarine gold pty

moz gold

jorc code