gold investment symposium 2012 - company presentation - macphersons resources

Corporate Update – Gold Symposium - Sydney

23 October 2012

Corporate Update – Gold Symposium – Sydney – October 2012

Cautionary Advice on Forward

Looking Statements 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.

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.

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.

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.

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

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Strategic Achievements

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What have we achieved in 12 mths? Silver, Gold & Zinc mine acquisition Silver/Gold mill acquisition/expansion 73,400m drilled; 352,880m in review

Silver Eq 0 12.5 Moz $340M

Gold 100 300 koz $320M

Zinc 0 35 kt $70M

Value added in 12 mths $730M 44% Return to Shareholders Exploration – Copper/nickel upside Gold Assets/Tenements increased 800% Operations Management Team Road to Production

Corporate Update – Gold Symposium – Sydney – October 2012 4

Kalgoorlie / SuperPit 100 Moz Gold Combined

Production / Resource


Corporate

ASX Code: MRP

ASX Listed: 24 December 2010

Ordinary Shares: 239 million

Unlisted Options: 22 million

Market Cap: A$93m at 39 cents

Cash: A$16m

Debt: Nil

Projects

100% Nimbus Silver-Gold-Zinc VHMS

100% Boorara/Coolgardie Gold Assets

Substantial Shareholders

Directors/Management: 37%

RK Mine Finance: 8.5%

5

XSO

MRP

Experienced Management Team

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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

Operations Management

Ron Ellis

BSc (Mining Eng)

Cert Mine Manager

25 years experience

Manager of Operating Mines

Mining Advisor

Ray Wright

Cert Mine Manager

45 years experience

Owner/Operator of 4 producing mines


Nimbus Historical Production Tonnes: 318,992 tonnes Average Grade: 352 g/t silver Production: 3.6 Moz silver Operating Cost: $6.54 / oz Average Sell Price: $9.07 / oz

Cost Metrics: Reduce Labour/Energy by 50-70%

2012 Price: $27-$37 / oz = up 300 - 400% 12.5 Moz Silver Eq* & 34,300 tonnes Zinc 9 additional Ag and polymetallic deposits


Nimbus Video / New Gold Zone 54g/t Au

8

1

2

3

4

5

28m @ 896g/t Ag

73,400m Drilled This Year

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New Lens 4 and 54g/t Gold Intercept

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2m @ 54.3g/t Au

Discovery Pit

Ag – Zn Lens 4

2m @ 54.3g/t Au

from 40m depth

Extension to the Western

Domain (Lens 4)

Quartz vein association

Separate from breccia

associated Ag-rich

mineralisation (Lens 4)

Within a wide Ag-bearing

alteration halo

6m @ 120g/t Ag 8m @ 82g/t Ag


1


Grade is King – Recent Intersections

Sulphide intercepts include:

28m @ 896g/t Ag in NBRC216 from 200m;

o Includes 17.0m @ 1427g/t Ag plus 26.3% Zn and 4.7% Pb from 205m;

o Includes 11.0m @ 1666g/t Ag from 205m;

29m @ 202g/t Ag-Eq* (139g/t Ag plus Credits) in NBRC203 from 176m;

o Includes 9.0m @ 328g/t Ag and 7.9% Zn from 177m;

o Includes 5.0m @ 164g/t Ag from 200m;

7m @ 561g/t Ag-Eq (400g/t Ag plus Credits) in NBRC202 from 196m;

o Includes 7m @ 400g/t Ag and 8.7% zinc from 196m;

Oxide intercepts include:

9m @ 302g/t Ag-Eq (258g/t Ag plus Credits) in NBRC178 from 81m;

6m @ 120g/t Ag in NBRC168 from 27m depth;



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NBDH009 Confirmation & Extension

12

14m Zone of

Massive and

Matrix Primary

Mineralisation

50m beneath zone

28m @ 896g/t Ag

in NBRC216

(already 80m DD)

130m Total Depth

Extension

Gold-bearing Quartz Mineralisation adjacent to Lens 4 and 30m below NBRC033 intersection of 2m @ 54 g/t gold (downhole quartz zone thickness 11m in NBDH008)

Lens 4 Silver – Zinc zone from oxide through Transitional to Primary Sulphide Zone both Hanging wall and Footwall of Gold Zone (downhole thickness 47m).

New hole - NBDH008


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Massive Sulphides with grades up to DSO - 3200g/t Ag, 41% Zn, 14% Pb

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15

What Does Silver Highgrade Mean?

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Today’s Sale Price/oz $33 Current MRP Pit Optimisation Cost Price/oz $10 Net Margin 70% $23 Target Production (2014-2015) 2Mozpa Target Margin on current model/spot price $46M


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Pit No. 1 (Discovery) - drilled to 3rd June 12 Opportunities - 9 deposits - 50 lenses

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JORC Compliant Minerals Resource 12.5Moz Ag-Aq Mineral Resource Tonnes Grade Grade Ounces Ounces

Category (g/t Ag) (g/t Ag-Eq*) Ag Ag-Eq*

Measured 142,000 65 76 0.30Moz 0.35Moz

Indicated 1,053,000 123 158 4.16Moz 5.36Moz

Inferred 1,597,000 110 131 5.63Moz 6.75Moz

TOTAL 2,792,000 112 139 10.1Moz 12.5Moz

& 34,300 tonnes Zn, Au-Hg-Cu-Pb Credits

* Silver Equivalent - discounted to represent recoverable equivalent of silver ounces

3

6 Discovery

East


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Future Resource Growth

17

-260m RL

5 28m @ 896g/t Ag

6

3

2m @ 54.3g/t Gold


Existing Nimbus Process Plant

Pregnant Leach Liquor

Crushing Plant

ROM Stockpile

Stockpile Clarification

Filtration

Smelting

Vacuum Deaeration

Solid / Liquid Separation Ball Mill

Leaching

Nimbus Historical Production Tonnes: 318,992 tonnes

Average Grade: 352 g/t silver

Production: 3.6 Moz silver

Operating Cost: 6.4/oz

Average Sell Price: $9.07/oz

2012 Price: $27-$37/oz

12.5Moz Silver Eq* & 34.3KT Zinc

9 additional Ag & Polymetallic deposits

Key Projects Met test work (oxide,

transition, sulphides)

Process water

TSF 3

Mill construction

Permitting TSF 3 Works approval – DEC

Mining proposal – DMP

Native vegetation

clearing permit - DMP

Process Flowsheet


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Target – Leading Silver Producer

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2013

– Mill Expansion

– 480ktpa

2014

– Sulphide Plant

– Zinc Concentrate

P r o d u c t i o n T a r g e t

2 0 1 2 T a r g e t 2 0 1 3 T a r g e t 2 0 1 4 T a r g e t 2 0 1 5 T a r g e t

0 . 5

1 . 0

1 . 5

2 . 0

2 . 5

F u t u r e y e a r s


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Pit Optimisation Studies

20

5

Discovery

East


21

Nimbus Exploration Potential

21

Q1 2013

Cu

Cu

Cu

Cu


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Silver Resource Target

22

T a r g e t R e s o u r c e

5

1 0

J u n - 1 1 D e c - 1 1 M a r - 1 2 M a y - 1 2 J u l y - 1 2 2 0 1 2 T a r g e t R a n g e

F u t u r e Y e a r s

1 5

2 0

2 5

R e s o u r c e T a r g e t


Exploration Upside

Maiden silver resource – Nimbus

main zone – 6 lenses being drilled

4 VHMS lenses at Nimbus

(not yet classified)

9 other silver-zinc prospects

2012 – drillout of Nimbus

2012 – JORC resource updates

Nimbus and Coolgardie

2012 – commence drillout of

Boorara gold and adjacent lenses

2013 – commence drillout of other

silver deposits

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Boorara Gold Project – 2km from Mill


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Boorara Proposed Open Pit

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Coolgardie Gold Project

Coolgardie Gold Projects

50% upgrade in gold

resources (>1.7g/t)

MacPhersons Pit 1

optimisation – 76,000oz

Tycho Pit 1 optimisation

– 43,000oz

A-Cap Deeps Discovery

100% increase in

tenement holding

Nickel Projects

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Target Plan to Production

Nimbus Silver-Gold-Zinc Mines

New Merrill Crowe Expansion – 2013

Pit cutbacks and tailings processing

10 Massive Sulphide lenses at Nimbus

9 other Silver-Zinc deposits on tenements

Boorara – Coolgardie Gold Projects

Multiple deposits on Boorara – Kanowna shear zones

MacPhersons Optimised Pits and A-Cap Deeps

Tycho pit optimisation and mine plan in progress

27


Strategic Achievements

28

What have we achieved in 12 mths? Silver, Gold & Zinc mine acquisition Silver/Gold mill acquisition/expansion 73,400m drilled; 352,880m in review

Silver Eq 0 12.5 Moz $340M

Gold 100 300 koz $320M

Zinc 0 35 kt $70M

Value added in 12 mths $730M 44% Return to Shareholders Exploration – Copper/Nickel upside Gold Assets/Tenements increased 800% Operations Management Team Road to Production


Key Assets – Points of Difference

Grade is King

Move to Producer

Polymetallic

Silver - Gold - Zinc

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www.MRPresources.com.au

ASX: MRP

Price: 39 cents Mkt Cap: A$93m Nimbus Silver Bars


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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gold investment symposium 2012 - company presentation - macphersons resources

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