AFRICAN LION RESOURCES NEW GOLD DEPOSIT DISCOVERY IN MOZ AMBIQUE - - PowerPoint PPT Presentation
1 AFRICAN LION RESOURCES NEW GOLD DEPOSIT DISCOVERY IN MOZ AMBIQUE CHIFUNDE GOLD PROVINCE DISCOVERY: Potentially one of the most exciting African Gold deposit discoveries in recent years KOBUS BADENHORST INDEPENDENT CONSULTANT
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By accepting this confidential presentation (the “Presentation Materials”), and in consideration of it being made available to the you, you agree to keep strictly confidential the information contained in it and any information otherwise made available to you by African Lion Resources Ltd (the “Company”), whether orally or in writing, in connection with the proposed issue of convertible loan notes by the Company to a limited number of qualified investors. If you receive this Presentation on behalf of a corporation, the information contained herein may only be disclosed to such of the recipient corporation’s directors, officers or employees as are required to review it for the purpose of deciding on investigating further the possibility of investing in the Company. 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This Presentation contains forward-looking statements and has been based upon a number of assumptions, forecasts and projections which by their nature are forward-looking. These statements relate to the future prospects, developments and business strategies of the Company. Forward-looking statements may be identified by the use of such terms as "anticipate", "assume", “believe”, “could”, “envisage”, “estimate”, "expect", "forecast", “potential”, “intend”, “may”, “plan”, "should", “will” or the negative of those, variations or comparable expressions, including references to assumptions. The forward-looking statements contained in this Presentation are based on current expectations and beliefs, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialises, or if underlying assumptions prove incorrect, the Company’s actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements. These forward-looking statements speak only as at, and on the basis of information known at, the date of this Presentation. Forward looking information in this Presentation includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward- looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this Presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this Presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither this Presentation nor any copy of it may be taken or transmitted into the United States of America or distributed directly or indirectly, in the United States of America or to any resident thereof except in compliance with U.S. securities laws. The technical and scientific information in this document was reviewed and approved by Ricardo Valls, P.Geo.M.SC, Independent Competent Person under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and a Qualified Person under National Instrument 43-101.
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Mozambique
Investment (FDI)
Law 2014
and can be extended for 3 more years).
to a Mining concession (valid for 25 years and can be extended for a further 25 years)
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Heavy Mineral Sands, Titanium, Tantalite, Vanadium, Lithium, Uranium, Phosphate, Iron Ore, Marble, Kaolin, Copper
to world”
basin
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(18,900 hectares). Planned expansion is currently underway
deposit yielding up to 40g/t
Discovery is contained along a strike of 2.5km
Mozambique
corporation with 20% held by Mozambique partner (MP)
U$50,000 was made and monthly payments of U$1,500 are due to MP for duration of JV.
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Main Hard Rock Deposit Numerous areas where artisanal mine workings are evident, the strike length is over 2,500m
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mining primary gold deposits from surface to ~25m along a > 2, 500m strike
25kg of gold per month from primary crystalline deposits
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environment dominated by Mesoproterozoic, metamorphic rocks
(P2Dvl) traversed by N-S Shear zone as well as interlinking NNE-SSW striking shear zone
shear zones and sinistral strike-slip faults
striking Mussengueredza Shear Zone producing 25kg of gold per month
length of hard rock mineralization
Laboratories
Kobus Badenhorst – Independent Consultant Geologists
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Examples of Shear Hosted Gold Deposits: ❖ Ashanti Belt (Ghana) ❖ Blanket – Vubachikwe (Zimbabwe) ❖ Kalgoorlie (Australia) ❖ Kirkland Lake (Canada) The shear zone system represents a ca. 200 km wide structural corridor that runs parallel to the N-S striking Pan African Suture Zone between East and West Gondwana
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1. Community Protocol and Consultation 2. Environmental License 3. Mapping 4. Soil Sampling and Pitting 5. Lineament Analysis 6. Satellite Interpretation 7. Helicopter Aeromagnetic and Radiometric survey flown 8. Geophysical Analysis 9. Drilling Target Report
concession
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1. Trenching: 1,000-3,000m3 2. Drilling: 3,500-6,500m 3. NI43-101 Report Update 4. Listing
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Trenching US$ 280 600 Drilling US$ 1 122 170 Geological Studies & Reports US$ 848 600 Laboratory Analysis US$ 779 660 Corporate US$ 468 970
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1. Trenching – 9,000m3 2. Drilling – 20,000m 3. Define NI43-101 resource 4. Scoping Study 5. Environmental Impact Study 6. Plant and Pit Design
Activities
2016 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020
Discovery of Chifunde Gold Deposit Securing Tenement over entire known Deposit Environmental impact and management study Initial Field Work and Sampling Field work and confirmation trenching Financial close Commence drilling program Resource statement Listing
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Mr van Wyk is extensively experienced exploration and mining entrepreneur active in Mozambique since
Mozambique government and business community. Mr van Wyk has personally identified prospective areas and done due diligence on 1,800 concessions. His mining development experience in Mozambique includes Tantalite, Coal, Gold, Rubies, Graphite and Heavy Mineral Sands. Mr van Wyk completed his MBA from the University Of Wales. He has over 20 years of experience in the financial markets and corporate finance and 20 years of experience as director of listed and unlisted companies.
Mr Franco Jordaan is an expert in all aspects of financial accounting, management reporting, systems, corporate governance, treasury, marketing and projects. He has worked for major players including Impala platinum, Eastplats, Trafigura and Vedanta, and has experience with multiple commodities (Platinum group metals, Iron
since 2001, and has first-hand experience of doing business in Angola, DRC, Namibia and South Africa. Mr Jordaan completed his B.comm hons. Degree, CIMA advanced diploma, PMP and CCP.
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has held leading roles in world-class developments and several ASX and AIM-listed mining companies. 16 years’ experience in South Africa with Impala Platinum, Rand Mines and then Rustenburg Platinum Mines. Dr. Kirby has experience in management and technical positions with Minproc Engineers and Bechtel Corporation (Australia). He is a founder of Metallurgical Management Services, Australia.
Mr Felicio Zacarias is the Chairman and Mozambican representative of the Regius Group. Mr. Zacarias holds a Bachelor Degree in Economics. Mr Zacarias is a highly respected and prominent figure in the Mozambican business arena. Mr Zacarias was a Governor of three different provinces with the highlight of his career being appointed as Minister of Public Works in Mozambique. Following his tenure as Minister, Mr Zacarias allocated all his time to the private sector. Mr Zacarias has more than 30 years experience in doing business in Mozambique and is an invaluable asset to the Board of Directors of Regius.
Dr Friese has been involved in the mining and exploration industry for the past 27 years. In 2006, he founded Terra Explora Consulting, based in Johannesburg, and has since been working as an independent consulting geologist on a wide range of mining and exploration projects across Africa and Southeast Asia. Dr Friese’s primary expertise and experience include a variety of geoscience disciplines, with main fields of interest and research being applied structural geology, economic geology, global palaeo-/neotectonics and geodynamics of the Earth and their practical applications to mineral (precious and base metals, kimberlites) and groundwater exploration and target generation, in-mine geotechnical hazard assessment of open cast and underground mines, and project evaluation.
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Ms Ferreira completed a Diploma in Master of Marketing Research, as well as a Diploma in Society for Human Resources Management, at the EIC Freire de Anfrade in Beira, Mozambique. In 1969 she started working for an international company, Safrique PTY Lda, as the Public Relations Officer. In this position Ms Ferreira accumulated considerable knowledge on marketing and tourism. In 1974, she opened an Importing and Exporting company in South Africa, mainly dealing with Africa, Asian and the USA. In 1983 Ms Ferreira started working for a group in South Africa, Metro Cash & Carry, as the Marketing Director of their International Division. In 2001 she decided to pursue a career as an Investment Advisor in Mozambique. In 2011 she joined Regius Resources Group as the Country Manager, where she is responsible for all the company’s activity in Mozambique.
Mr Manjate completed a Bachelor’s degree in Diplomatic and International Relations, in 2003, at the Higher Institute of International Relations (ISRI) of Mozambique in Maputo. Mr Manjate is now starting with his Master’s Degree in Oil & Gas Management at the Higher Institute of Sciences & Technology of Mozambique (ISCTEM). In 1999 he started working for a Private Company as a Service Provider, where he accumulated considerable knowledge about foreign investment in Mozambique. Inspired by the discovery of vast mineral resources in Mozambique, he decided to redirect his career to the Energy and Mining sectors which lead Mr Manjate to join Regius Resources Group in 2009. He is now responsible for managing all legal aspects pertaining to the mining sector, labor and environmental affairs, as well as government relations.
geochemical, and mining experience. Projects included from regional reconnaissance to local mapping, diamond drilling and RC-drilling programs, open pit and underground mapping and sampling, geochemical sampling and interpretation, and several exploration techniques pertaining to the search for diamonds, PGM, gold, nickel, silver, base metals, industrial minerals, oil & gas, and other magmatic, hydrothermal, porphyritic, VMS and SEDEX ore deposits.
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a diverse mixture of products and technologies, bringing valuable hands-on operations management. Experienced primarily in prospecting mineral processing and quarry exploration operations having worked in Portugal, Spain Angola and Mozambique.
knowledge and proficiency of all machinery on a processing plant and mining site. Hands on participation with the training of locals. General supervision and overseeing of the onsite team to ensure the staff adhere to strict controls and procedures to ensure the project runs smoothly.
Mr Kobus Badenhorst obtained his BSC (Geology) in 1992 and BSC (Hons) (Geology) in 1993, both from the University of the Free State, South Africa. He has more than 20 years’ experience in the Exploration and Mining
various projects for different commodities. Greenstone Stella Platinum; various Bushveld PGM projects; heavy mineral sands projects in South Africa West coast, Sri Lanka and Bangladesh; Postmansburg Iron Ore Projects; Zimbabwe Great Dyke PGM and Greenstone Gold; Zambia Cu; Mali Au etc.