AGM 2003 www.jindalee.net MISSION STATEMENT To create wealth for - - PowerPoint PPT Presentation

AGM 2003

Resources Limited

www.jindalee.net

MISSION STATEMENT

To create wealth for our shareholders through the discovery of world class gold and base metal deposits

INVESTMENT HIGHLIGHTS

• Experienced management
• Large landholdings in highly endowed

provinces

• JV’s with majors

Strategic Alliance with Teck Cominco

• Tight capital structure

MANAGEMENT

• Ross “Redross” Kennedy (Chairman)

.

13 years as Director of Resolute (Marymia, Chalice, Challenger, . Golden Pride, Nkran….)

• Lindsay Dudfield (Managing Director)

. Senior positions with Amoco and Esso (Scuddles) .

Founding Director of Dalrymple Resources (8 years)

• Jordan Luckett (Senior Geologist)

.

Experience with Battle Mountain, Delta, AurionGold, Placer

• Mark Scott (Director)

.

Investment banker and former broker

. Chairman of Kale Capital and Horizon Global Ltd

PROJECTS

• Keith Kilkenny / Laverton
• Murchison
• West Musgraves
• Mt Gibb / Hatter Hill
• Royalty Interests
• WILD CARD!!

PROJECT LOCATION

KEITH-KILKENNY / LAVERTON

• target is major gold deposit beneath

transported cover

• JV’s with majors
• area has very high gold endowment

(Wallaby, Sunrise, Granny Smith)

KEITH KILKENNY / LAVERTON

MURCHISON

• covers regional structures associated with

gold camps (Meekatharra, Mt Magnet, Big Bell)

• area is under explored – excellent

potential for discovering major gold deposits under cover

MURCHISON

WEST MUSGRAVES

• 3 tenements (640 km²)
• abuts WMC’s ground (Nebo/Babel)
• prospective for giant Ni-Cu-PGE

deposits

WEST MUSGRAVES

MT GIBB / HATTER HILL

• southern end of Forrestania belt
• strong interest from several parties
• potential for high grade shoots

within anomaly: 6m @ 13.9 g/t 6m @ 5.45 g/t

• 5 km long gold-in-soil anomaly
• probable ultramafics (Ni) in new ELA’s

MT GIBB / HATTER HILL

ROYALTY INTERESTS

• Kookynie (Au)
• covers most of past production (0.5M oz)
• 0.1 mt resource triggers payment
• West Kundana (Au)
• prospective area adjacent to Kundana mine
• Mt Remarkable (lateritic Ni)
• Cougar to purchase resources by Jan ‘05
• Jindalee receives royalty on all ore mined

WILD CARD!!

• advanced project divested by major?
• submittal from third party?
• new 100% Jindalee application?
• may already be in our portfolio

WHY JINDALEE?

• Experienced (>80 yrs) & motivated team
• Tight capital structure = high leverage!!!
• Strategic Alliance with Teck Cominco

(3rd largest shareholder with 7.5%)

• Low overheads = low burn rate
• Large land positions in well endowed belts

FAST ON OUR FEET

TAKE CALCULATED RISKS

CAPITAL STRUCTURE

• 20.8m Shares on issue (2.3m escrowed)

8.1m Options (exercisable @ 25c; 30/06/05) 2.38m Options (exercisable @ 35c; 30/06/07)

• Top 5 Shareholders (20 November 2003)

1. Kale Capital 2.72m (*1.81) 13.07% 2. Lindsay Dudfield 2.28m (*0.42) 10.98% 3. Teck Cominco 1.55m 7.45% 4. Jopan Management 1.04m 5.00% 5. Yandal Investments 0.90m 4.32% 8.49m 40.82% *escrowed for 2 years

MINOTAUR RESOURCES

Share Price Comparison

50 100 150 200 250 300 350 01/1/99 07/1/99 01/1/00 07/1/00 01/1/01 07/1/01 01/1/02 07/1/02 01/1/03 07/1/03 Share Price

SPP @ 10c UR-01 intercept (16c) 3m shares placed @ $2.10 (IC=24.4m) IC=36.2m (16c)

DALRYMPLE RESOURCES

Share Price Comparison

50 100 150 200 250 300 350 01/1/99 04/1/99 07/1/99 10/1/99 01/1/00 04/1/00 07/1/00 10/1/00 01/1/01 04/1/01 07/1/01 10/1/01 01/1/02 04/1/02 07/1/02 10/1/02 01/1/03 04/1/03 07/1/03 10/1/03

Share Price

JINDALEE RESOURCES

JINDALEE

Undervalued relative to peers!

D AVO

(18c)

DEG

(17c)

GIR

(16c)

HHM

(27c)

IMA

(33c)

JAK

(25c)

JRL

(28c)

VCN (15c) SIB

(179c)

10 20 30 40 50 20 40 60 80 100 Issued Capital (m) Capitalisation ($m)

MDS

(15c)

TIMING

“JRL”

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