A NEW SEARCH SPACE IN AUSTRALIAS PREMIER GOLD PROVINCE NE W F - - PowerPoint PPT Presentation

Tom Sanders Executive Chairman

BREAKER RESOURCES NL

A NEW SEARCH SPACE IN AUSTRALIA’S PREMIER GOLD PROVINCE

BREAKER RESOURCES NL

NE W F RONT IE RS IN AUST RAL IAN GOL D

T

• m Sande r

s E xe c utive Chair man

ANNUAL GE NE RAL ME E T ING 20 NOVE MBE R 2012

Disc laime r

2

Disc laime r

T his pr e se ntation has be e n pr e par e d by Br e ake r Re sour c e s NL (“Company”) in c onne c tion with pr

• viding gene r

al and bac kgr

• und infor

mation on the Company. T his pr e se ntation should not be r e lie d upon as a r e pr e se ntation of any matte r that an advisor

• r

pote ntial inve stor should c onside r in e valuating the Company. T he Company and its r e late d bodie s c or por ate

• r

any of its dir e c tor s, age nts, offic e r s or e mploye e s do not make any r e pr e se ntations or war r anty, e xpr e ss or implie d, as to

• r

e ndor seme nt of the Company, the ac c ur ac y or c omple tene ss of any infor mation, stateme nts or r e pr e sentations c ontained in this pr e sentation, and the y do not ac c e pt any liability whatsoe ve r (inc luding in neglige nc e ) for any infor mation, r e pr e se ntation or state me nt made in or

• mitte d fr
• m this pr

e se ntation. T his doc ument may c ontain c e r tain for war d-looking state ments whic h involve known and unknown r isks, de lays and unc e r taintie s not unde r the Company’s c ontr

• l whic h may c ause ac tual r

esults, pe r for manc e or ac hie ve ments of the Company to be mater ially diffe r e nt fr

• m the r

e sults, pe r for manc e or e xpe c tations implie d by these for war d looking stateme nts. T he make s no r e pr e se ntation or war r anty, e xpr e ss or implie d, as to or e ndor se me nt of the ac c ur ac y or c omple te ness of any infor mation, stateme nts or r e pr e sentations c ontaine d in this pr e sentation with r e spe c t to the Company. Any disc ussion in r e lation to E xplor ation T ar ge ts, implie d or state d, is only c onc e ptual in natur e . Inve stor s ar e advise d that by the ir natur e as visual aids, pr e sentations pr

• vide infor

mation in a summar y for

• m. Inve stor

s ar e ur ge d to r e ad suppor ting infor mation in full in ASX r e le ase s. T his pr e sentation doe s not c onstitute an offe r

• f se c ur

itie s in the Company. Nor , should this pr e se ntation be r e lie d upon by any advisor

• r

pote ntial inve stor in making an inve stme nt de c ision in the Company

Compe te nt Pe r son State me nt

T he ge ologic al infor mation in this r e por t that r e late s to E xplor ation R e sults is based on infor mation r e vie wed by Mr T

• m

Sande r s who is a me mbe r

• f the Austr

alasian Institute of Mining and Me tallur

• gy. Mr

Sande r s is an E xe c utive of Br e ake r Re sour c e s NL and has be e n e ngage d on an 80% of full time basis. Mr Sande r s has suffic ie nt e xpe r ie nc e whic h is r e le vant to the style of mine r alisation and type of de posit unde r c onside r ation to qualify as a Compe te nt Pe r son as de fined in the 2004 E dition of the “Austr alasian Code for the Re por ting of E xplor ation Re sults, Mine r al Re sour c e s and Or e Re se r ve s”. Mr Sande r s c onse nts to the inc lusion in the r e por t of the matte r s base d on this infor mation in the for m and c onte xt in whic h it appe ar s.

Our Busine ss

3

Intr

• duc tion

 L

iste d o n the ASX o n 20 April 2012 to ta ke a dva nta g e o f ne w de ve lo pme nts in WA’ s E a ste rn Go ldfie lds Supe rte rra ne (E GST )

 E

ig ht 100%-o wne d g o ld pro je c ts…tha t ta rg e t ke y struc tura l ta rg e ts in the une xplo re d e a ste rn ha lf o f Austra lia ’ s pre mie r g o ld pro vinc e (whic h a c c o unts fo r 75% o f Austra lia ’ s g o ld)

 Bre a ke r no w the la rg e st te ne me nt ho lde r in E

GST (5,500km2)

 Ob je c tive is e a rly g o ld disc o ve ry  Str

ate gy – low- c ost sur fac e ge oc he mistr y to find lar ge gold de posit signatur e s (the 10% of de posits that host ~70% of pr

• vinc e - sc ale gold)

 E

ar ly suc c e ss… 32 km gold syste m ide ntifie d at De xte r Pr

• je c t; multiple

lar ge gold- in- soil anomalie s at Mt Gill Pr

• je c t

Boar d & Se nior Manage me nt

4

Intr

• duc tion

E xe c utive Chair man

• Ge o lo g ist with 34 ye a rs e xpe rie nc e in e xplo ra tio n, mining a nd c o rpo ra te ma na g e me nt
• E

xte nsive e xpo sure to E a ste rn Go ld fie ld s

• Pre vio usly b uilt a 2M o z g o ld inve nto ry thro ug h d isc o ve ry a nd a c q uisitio n

T

• m Sande r

s Non- E xe c utive Dir e c tor

• Pro c e ss e ng ine e r with 37 ye a rs e xpe rie nc e in the mining ind ustry
• Va st pro je c t d e ve lo pme nt a nd mine c o mmissio ning e xpe rie nc e
• Curre nt Chie f Ope ra ting Offic e r a t K

a sb a h Re so urc e s

Mike Kitne y Non- E xe c utive Dir e c tor

• L

a wye r with 26 ye a rs e xpe rie nc e in re so urc e s a nd c o rpo ra te la w

• E

xpe rie nc e in ASX listing s, jo int ve nture s, pro je c t d e ve lo pme nt a g re e me nts a nd pro je c t fina nc ing

Mar k E dwar ds E xplor ation Manage r

• Ge o lo g ist with +20 ye a rs e xpe rie nc e in e xplo ra tio n a nd mining

Ala sta ir Ba r ke r

Manage r Cor por ate Affair s/ Company Se c r e tar y

• 18 ye a rs a d ministra tio n e xpe rie nc e (c o rpo ra te , mining a nd e xplo ra tio n)

Mic he lle Simson

Capital Str uc tur e

5

Intr

• duc tion

Issue d E quity

F ully pa id o rdina ry sha re s ASX: BRB 55.1 millio n $0.35 I PO a t $0.20/ sha re L iste d o ptio ns ASX: BRBO 21.2 millio n $0.12 $0.25 e xe rc ise (31 De c 2014) Unliste d o ptio ns

• 6.0 millio n
• $0.25/ $0.30/ $0.50 e xe rc ise

T

• p 20 sha re holde rs hold ~88% ...strong fund support

Ma rke t Ca pita lisa tion: $19.3 million Ca sh on Ha nd: $5.4 million (30 Se pte mbe r 2012)

10 Ye ar s T r ansfor mational Change (E GST )

6

Ke y Ge olog ic a l De ve lopme nts in E a ste r n Goldfie lds Supe r te r r a ne (E GST )



Struc tura l a nd me ta mo rphic histo ry re writte n



T hre e g o ld e ve nts d a te d fo r the first time (mo st g o ld po st-d a te s the g ra nite )



Impo rta nc e o f ma jo r d e e p fa ults re c o g nise d (ma ntle c o nne c tio n)



Ne w d a ta a va ila b le to ma p o ut the ma jo r d e e p fa ults

Pe r spe c tive

Pr

• je c t L
• c ation

7



E ig ht 100%-o wne d pro je c ts lo c a te d in Ya ma rna a nd Burtville T e rra ne s



… a n a c tive disc ove ry a re a in the e a ste rn ha lf of the E a ste rn Goldfie lds Supe rte rra ne



Re c e nt disc ove rie s

Mo o la rt We ll (2002); T ro pic a na (2005); Ce ntra l Bo re (2009); Ga rde n We ll (2009)



Go o d ro a ds, e xpa nding infra struc ture



Oc tobe r 2010: Ne w g e o c hro no lo g y Nove mbe r 2010: Bre a ke r pe g s

E aste r n Goldfie lds Supe r te r r ane (E GST )

Br e ake r ’s Pr

• je c ts

T r

• pic a na

Attila

Duke ton

Pr

• je c t Ove r

vie w

8

Br e ake r ’s Pr

• je c ts



F

• c us o n ke y struc tura l ta rg e ts
• utside the “re c e nt” disc o ve ry a re a s

(ma jo r fa ults, jo g s, do me s)



Pro je c ts inc lude 190km o f Ya ma rna She a r, o the r ma jo r fa ults, a nd fo ur undrille d g re e nsto ne b e lts



Histo ric a l e xplo ra tio n mino r <10% so il g e o c he m c o ve ra g e (WMC mid-90s)  thre e undrille d a re a s +30ppb Au (sa me a s T ro pic a na )



Prio r limita tio ns fo r e xplo ra tio n a ddre sse d:



Ne w da ta (ma g ne tic s, re se a rc h)



Co smo / Yilka -Bre a ke r a g re e me nt



I mpro ve d a na lytic a l te c hniq ue s

E aste r n Goldfie lds Supe r te r r ane (E GST )

T r

• pic a na

Attila

Duke ton

E xplor ation Str ate gy

9

Br e ake r ’s Pr

• je c ts

L

• w c o st sc r

e e ning fo r big de po sit signatur e s using wide -spac e d so il ge o c he mistr y



Wide -spa c e d a ug e r drilling to (1,600m x 400m)



F

• llo w-up infill a ug e r sa mpling o n de fine d

a no ma lie s (400m x 100m)



Airc o re (to sc o pe the syste ms)



RC/ dia mo nd drilling o f ta rg e ts

E ar ly fo c us



Ya ma rna She a r



De xte r Pro je c t (g o ld syste m, drill re a dy)



Mt Gill Pro je c t (a no ma lie s)



Attila We st (in pro g re ss)

Multi- e le me nt auge r soil sampling

De xte r Pr

• je c t

10

Br e ake r ’s Pr

• je c ts

De xte r L a ndsc a pe :

Gre a t Vic to ria De se rt (up to 298ppb Au g o ld-in-sa nd))

T ropic a na L a ndsc a pe :

Gre a t Vic to ria De se rt (up to 31ppb Au g o ld-in-sa nd))

De xte r Pr

• je c t

11



L

• c a tion

140km SE

• f L

a ve rto n; 75km so uth o f Attila (1Mo z); 80km NW o f T ro pic a na (5.4Mo z)



A ve ry larg e pro je c t



E sse ntia lly une xplo re d



Co ve r 25m to 70m (de e pe r to so uth)



Initia l ste p 1,600m x 400m a ug e r soils (to sc a n for big g old de posits)

De xte r Pr

• je c t Inte r

pr e te d Ge ology 72km 1,102km 2

Pe rth to Ma ndura h!

Br e ake r ’s Pr

• je c ts

12 De xte r Pr

• je c t Gold- in- Soil Contour

s ove r Ae r

• magne tic Image



1,600m x 400m a ug e r re sults



L a rg e (32km-lo ng ) g o ld-in- so il a no ma ly, up to 59ppb g o ld



Co he sive (in sa ndy so il)



Pa thfinde r e le me nts (Hg -T e )



L a rg e st a no ma ly spa tia lly a sso c ia te d with sta c ke d dila ta nt fa ult b e nds (jo g s) a la rg e ne w g o ld syste m (o pe n to so uth)

32km

De xte r Proje c t Aug e r (1,600m x 400m)

De xte r Proje c t Aug e r (1,600m x 400m)

13 De xte r Pr

• je c t: Image d Gold- in- Soil

T ropic a na Soil Anoma ly (Sa me Sc a le ) (20m tra nsporte d c ove r)

32km Pe ak Value 31ppb gold

De xte r Proje c t Aug e r (400m x 100m)

14

Br e ake r ’s Pr

• je c ts

De xte r Pr

• je c t: Gold- in- Soil Image (400m x 100m)



400m x 100m Infill a ug e r soil re sults



Up to 298ppb g old (0.3g / t)



Up to 17,415ppb silve r (17.4g / t)

(a ve . 6.8g / t o ve r 2.0km x 0.4km a re a )



Asso c ia te d with g o ld pa thfinde r e le me nts (te llurium-me rc ury-se le nium)



Pla nne d Drilling



10,000m a irc o re drill pro g ra m to sta rt 21 No ve mb e r 2012



I nitia l a im…sc o pe the syste m

• ve r the no rthe rn 18km whe re

the tra nspo rte d c o ve r is thinne st (25m – 70m)



RC/ dia mo nd drilling like ly in ne w ye a r



Aug e r drilling to be e xte nde d

T hr e e Be ar s Pr

• spe c t

Re sults pe nding for nor th (6km)

T allows Pr

• spe c t

12km 6.8g/ t silve r (ave ) 298 ppb gold

Mt Gill Proje c t

15

Br e ake r ’s Pr

• je c ts

Mt Gill L andsc ape : up to 63ppb Au gold- in- sand anomaly

16

Br e ake r ’s Pr

• je c ts



30km NW o f 1Mo z Attila de po sit



35km o f Ya ma rna She a r (Ce ntra l Zo ne ) 17km o f Ya ma rna g re e nsto ne b e lt



E sse ntia lly une xplore d



T hin sa nd c o ve r (1-3m g e ne ra lly)



F

• o twa ll g ne iss = pa rt a ssimila te d

g re e nsto ne



Re c o nna issa nc e a ug e r sa mpling c o mple te d (1,600m x 400m)

Mt Gill & Kur r ajong Nor th Pr

• je c ts Inte r

pr e te d Ge ology 518km 2 158km 2

Mt Gill Proje c t

17

Br e ake r ’s Pr

• je c ts

Mt Gill Pr

• je c t: Contour

e d and Image d Gold- in- Soil Value s

Mt Gill Proje c t Aug e r Re sults

Northe rn Are a Anoma lie s Ya ma rna She a r Anoma lie s



1,600m x 400m a ug e r re sults



Multiple g o ld-in-so il a no ma lie s in fo ur a re a s



Asso c ia te d with a rse nic -c o ppe r-silve r- a ntimo ny



So uthe rn a re a 25km-lo ng a t +3ppb g o ld

• n ma rg in o f pre vio usly unkno wn ma fic

c o mple x (pe a k o f 25ppb g o ld)



Ya ma rna She a r 14km-lo ng (pe a k o f 57ppb g o ld)



Ya ma rna g re e nsto ne b e lt 7km-lo ng (pe a k o f 63ppb g o ld)



Ne xt ste ps… g round c he c ks, infill soil sa mpling , drilling

Southe rn Are a Anoma lie s Ya ma rna Gre e nstone Anoma lie s

25km

Attila We st/ Kur r ajong South Pr

• je c ts

18

Br e ake r ’s Pr

• je c ts

Attila We st L andsc ape ; She ar e d Mafic F

• otwall Roc ks

Attila We st/ Kur r ajong South Pr

• je c ts

19

Br e ake r ’s Pr

• je c ts

570km 2 919km 2

Soils (WMC)

Inte r pr e te d Ge ology with Pr e vious Dr illing & Gold- in- Soil Anomalie s

Kurra jong South Proje c t



Sig nific a nt histo ric a l so il a no ma ly (WMC 45ppb g o ld …the hig he st in 5,000 sa mple surve y)…no pre vio us drilling

60km



Ve ry la rg e a re a



Aug e r drilling in pro g re ss



Co mpe lling struc tura l ta rg e ts a dja c e nt to 1Mo z Attila de po sit



E sse ntia lly une xplo re d

Attila We st Proje c t

Duke ton North/ De L a Poe r Proje c ts

20

Br e ake r ’s Pr

• je c ts

869km 2 527km 2 T ar ge ts Duke ton Nor th & De L a Poe r Pr

• je c ts Inte r

pr e te d Ge ology

De L a Poe r Pr

• je c t



Ne w gr e e nstone be lt and r e gional she ar ide ntifie d in 1999



E sse ntia lly une xplo re d



130km strike le ng th

130km

Pe rth to L a nc e lin!

R e g is 5.8Moz

Gold Ca mp

43km

Duke ton Nor th Pr

• je c t



L a rg e a re a ta rg e t a lo ng strike fro m 5.8Mo z Re g is g o ld c a mp (43km strike )



K no wn g re e nsto ne No pre vio us g e o c he m



Auge r dr illing c omme nc e d

Duke ton North/ De L a Poe r Proje c ts

21

Br e ake r ’s Pr

• je c ts

De L a Poe r L andsc ape Standing on gr e e nstone (mappe d as gr anite )

Duke ton Nor th Pr

• je c t

De L a Poe r Pr

• je c t

Gr e e nstone in BHP Dr ill Hole De L a Poe r gr e e nstone (disc ove r e d 1999)

Mt Se fton Pr

• je c t

22

Br e ake r ’s Pr

• je c ts

Mt Se fton L andsc ape

Mt Se fton Pr

• je c t

23

Br e ake r ’s Pr

• je c ts



Pre vio usly undrille d g re e nsto ne b e lt o n Se fto n L ine a me nt; g o ld o n strike a t Co smo Ne wb e ry



So il a no ma lie s (K ilke nny 1995) no t drille d a s no a c c e ss a g re e me nt



So il a no ma lie s c o inc ide with struc ture s/ do le rite a ppa re nt o n late r a e ro ma g ne tic / ma pping

211km 2 Mt Se fton Pr

• je c t Inte r

pr e te d Ge ology Ae r

• magne tic Image with Gold- in- Soil Anomalie s (1998)

T ar ge ts

T ime line s

24

T iming



De xte r…………..... 10,000m a irc o re drilling pro g ra m sta rts 21 No ve mb e r 2012

RC/ dia mo nd drilling like ly in Ne w Ye a r Aug e r so il e xte nsio ns to so uth in Ne w Ye a r



Duke ton Nor th……Aug e r so ils in pro g re ss (1,600 x 400m)



Attila We st……......Aug e r so ils in pro g re ss (1,600 x 400m)



Mt Gill…………….. Gro und fo llo w-up o f g o ld-in-so il a no ma lie s (No v/ De c 2012)

Infill a ug e r so il (400m x 100m)/ a irc o re drilling in Ne w Ye a r



Kur r a jong South....

Aug e r so ils sta rt ~2 we e ks (1,600 x 400m)



De L a Poe r….........

Aug e r so ils sta rt ~4 we e ks (1,600 x 400m)



Mt Se fton……….…Aug e r so ils sta rt Ja nua ry 2012 (1,600 x 400m)

Inve stme nt Highlights

25

Conc lusion

 E

ight 100% - owne d pr

• je c ts on major

she ar s in an ac tive disc ove r y ar e a (lar ge st te ne me nt holde r in most gold- e ndowe d r e gion in Austr alia)

 L

ar ge unte ste d gold syste m at De xte r Pr

• je c t

 Multiple lar

ge gold- in- soil anomalie s at Mt Gill

 T

ar ge ting str ate gy and me thodology alr e ady validate d … six othe r pr

• je c ts to go, two with known unte ste d gold- in- soil

anomalie s

 Value pr

• position

(Cur r e nt ~$20m mar ke t c ap = $3,500/ km 2)

 F

• c use d on building value for

shar e holde r s

Road to disc ove r y

26

T HANK YOU