AGM Presentation October 2018 Im Important in information and - - PowerPoint PPT Presentation
AGM Presentation October 2018 Im Important in information and - - PowerPoint PPT Presentation
AGM Presentation October 2018 Im Important in information and competent person You should not act or refrain from acting in reliance on this presentation material. You should conduct IMPORTANT INFORMATION your own investigation, perform your
Im Important in information and competent person
IMPORTANT INFORMATION
This presentation has been prepared by Prodigy Gold NL (“Prodigy Gold” or the “Company”). This presentation is for information purposes only and 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. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation contains forecasts and forward looking statements and information which are based
- n internal business data and information obtained from external sources. Forward looking
statements may be identified by the use of words such as “anticipate”, “expect”, “estimate”, “planned”, “forecast”, “likely”, “intend” and other similar expressions. Such forecasts and information are not a guarantee of future performance and involve unknown risks, uncertainties and contingencies which may impact future outcomes on the Company. Actual results and developments will therefore almost certainly differ materially from those expressed or implied. Prodigy Gold has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by law, Prodigy Gold makes no representation and gives no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation. The information in this presentation is given in summary form and does not purport to be all inclusive
- r contain all information which you may require in order to make an informed assessment of the
Company’s prospects. Nothing contained in this presentation constitutes investment advice, financial product advice or legal, tax, accounting or other advice, nor does it take into account the financial situation, objectives or needs of any person. Prodigy Gold is not licensed to provide financial product advice. You should not act or refrain from acting in reliance on this presentation material. You should conduct your own investigation, perform your own analysis and obtain independent professional advice, in
- rder to satisfy yourself as to the accuracy and completeness of the information, statements and
- pinions contained in this presentation and in making any investment decision in respect of Prodigy
Gold.
COMPETENT PERSONS STATEMENT
The information in this presentation relating to exploration targets and exploration results is based on information reviewed and checked by Mr Matt Briggs who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Briggs is a full time employee of Prodigy Gold NL 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 2012 edition
- f the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr
Briggs consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Refer to previous Company ASX announcements for full resource estimation details, drill hole details, and intercept calculations.
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Why Prodigy Gold?
Unique greenfields and brownfields exploration portfolio
- Experienced team are actively hunting for a major discovery in the highly prospective Tanami Province
- Massive strategic land holding in proven multi-million ounce district (Callie Mine - Newmont)
Aggressive exploration program on 100% owned projects
- Aggressive work program planned to screen all priority projects for large deposits
- 35,000m drilled in 2018 + JV partners activity
- 15.7Mt @ 2.0g/t for 1.01Moz Resource
JV partners accelerating non-core Cu-Au and Base Metal Projects
- IGO to spend $6M to earn 70% of Lake Mackay – IGO 9% holder of Prodigy Gold shares
- Gladiator Resources to spend $6.5M to earn 70% of North Arunta
- Newcrest to spend $12M to earn up to 75% of Euro
Strong balance sheet and supportive shareholders
- ~$6.1 million cash at 30 June 2018 (excluding A$2.4m cash reserved for environmental bonds)
- Register strengthened by supportive shareholders
Prodigy Gold has what an explorer needs and a producer wants
JVs
1Moz
Funded
Queensland New South Wales Victoria Tasmania Western Australia South Australia Northern Territory
Tanami
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Corporate Overview
Board of Directors
Tommy McKeith Non-Executive Chairman Matt Briggs Managing Director Brett Smith Non-Executive Director Mark Faul Non-Executive Director
Capital structure ASX:PRX
Shares on Issue 435.6m Unlisted options 24m Net Cash1 A$6.1m Market Cap2 A$37.5m
1 Available cash excludes A$2.4m cash reserved for required cash backing ofenvironmental bonds as at 30 June 2018 (ASX: 31 July 2018)
2 Based on closing share price of $0.086 as at 12 October 2018 3 Substantial shareholders as at 30 September 2018Shareholding structure3
15.6% 13.6% 10.0% 9.0% 6.0% 45.8% Pacific Road Capital APAC Resources Capital St Barbara IGO Craton Capital Other
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Historical share price
Experienced Management
Non-Executive Chairman - Mr Tommy McKeith BSc Hons (Geol), GDE (Mining), MBA, Fellow AusIMM
- Resource company executive with 28 years’ experience in various exploration, business development, mine geology and executive leadership roles
- Led exploration teams to several significant discoveries and concluded several significant business development transactions
- Formerly Executive Vice President: Growth and International Projects for Gold Fields Ltd, CEO of Troy Resources Ltd and held non-executive director
roles at Sino Gold Ltd and Avoca Resources
- Non-executive director of Evolution Mining Ltd
Managing Director - Mr Matt Briggs BSc (Geology), Member AusIMM
- 20 years’ experience in Australia and internationally in various aspects of mine geology, exploration, project management and strategic leadership in
the gold industry
- Previously headed Group Strategic Planning for Gold Fields Limited
- Directly involved or managed teams that have discovered several multi-million ounce gold deposits
Exploration Manager - Mr Neil Jones MSc (Geology)
- Geologist with 18 years’ experience including greenfields and brownfields exploration
- Previous roles as a geologist for Gold Fields, PMI Gold and Troy Resources exploring primarily for gold
- Extensive experience in Paleoproterozoic and Archean terrains around the globe
Successful explorers that understand what it takes to build a mine
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A Portfolio of f Opportunities
Tanami Ground Package
- Same corridors as Callie 14Moz (Newmont) & Groundrush 1.7Moz (NST)
- Extensive tenement package
- Capstan 8km bedrock gold anomaly
- Resources at Twin Bonanza and Suplejack
Euro – Newcrest
- $12M in-ground earn-in to 75%
Lake Mackay JV – IGO
- Cu-Au and Orogenic Au potential
- 2 of 5 targets tested hit mineralisation
- $6M in-ground earn-in to 70%
North Arunta – GLA
- Cu-Au mineralisation
- $6.5M in-ground earn-in to 70%
Exposure to discovery and resource growth in gold and base metals
100% Projects Joint Ventures Copper, Gold & Base Metal
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Suplejack Bluebush
Delivering on Strategy
Testing of high priority targets
- n 100% owned projects
- Rapidly screen for Callie analogue deposits
- Aircore drilling and geochemistry on the highest
ranked targets
- Testing of multiple targets at Suplejack and
Bluebush including the 8km long gold anomaly at Capstan
Focus resources and accelerate the full portfolio via Joint Ventures
- North Arunta JV $6.5M earn-in
- Euro farm-in agreement with Newcrest Mining for
$12M earn-in
- Lake Mackay JV activities continuing to screen for
major deposits with IGO
Well funded for discovery and growth
- $6M raised at a premium to market
- Investment by St Barbara to take a 10%
shareholding
- Substantial reduction in holding costs
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5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 ABM 2015 ABM 2018
Area (Square Kilometres)
Advancing the Full Portfolio
Prodigy Gold –
- ther
Newcrest
Focusing technical resources >$30M in-ground expenditure Accelerating discovery
Prodigy Gold – Tanami Prodigy Gold Independence Group Gladiator
>$24M Exploration Earn-ins Prodigy Gold 100% Projects
“The Tanami is becoming the exploration destination of choice for major Australian gold producers”
North Arunta Euro Euro Lake Mackay Prodigy Gold ABM 2015
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Accelerating Towards Discovery ry
9 Suplejack 309koz (+51%) CGSG Target & Ranking
2016 2017 2018 Joint Ventures Copper, Gold & Base Metal
Capstan DD & RC North Arunta GLA JV Newcrest Euro JV Grapple DD 800m plunge Blaze / Heatwave Widespread soil anom. Soils & Ground EM IGO Joint Venture Agreement St Barbara 10% Equity Capstan AC 8km Au area Suplejack High grade RC Capstan AC 4.0g/t Gold Ark Mines HoA Old Pirate Capstan AC 4.5km Au trends Lake Mackay Airborne EM 100% Projects Oct 2016 New Management
~$2M p.a. greenfields FY2019 >$10M greenfields
Kroda IP Suplejack AC 1.3g/t Au Dune IP
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2018 Activities - 100% Owned Projects
100% Owned Pri riority Projects
13 of 15 Tanami deposits are exposed at surface
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Suplejack Bluebush
Strategy
- Focus on the same rocks in the same structural
setting as the target deposits
- Systematic exploration
- 1km x 1km bedrock drilling + geochem +
geophysics
- Framework AC to see through cover
Future Work
- 145km aircore drilling to screen Tanami targets
starting at Bluebush
- Aircore & RC drilling to consolidate resources
at Suplejack
Callie 14Moz The Granites Oberon Groundrush Old Pirate Jim’s CTJV Windy Hill
Surface Geology Map RTP Magnetics
95% of the Tanami has shallow sand cover concealing deposits
Suplejack Bluebush
PRX12
Euro JV
- Spoils and Mapping
- Airborne Magnetics
- IP Surveys Underway
- RC Drilling Planned
Suplejack
- Resource Update
- RC Drilling
- AC Drilling Planned
- CSIRO Study Phase 1
Birrindudu
- Project Reviews
- Field Reconnaissance
- Ni, Co, Au and Cu
Tobruk
- Project Reviews
- Field Reconnaissance
Bluebush
- 3 AC Campaigns
- Stratigraphic DD
- RC Drilling (mid-October)
- Airborne Magnetics
- Spoil and Mapping
- CSIRO Study Phase 2
Callie 14 Moz
2018 Tanami i Exp xploration Activ ivit itie ies
Diamond Drilling at Capstan Reconnaissance at Euro
1280 1290 1300 1310
- 190
- 200
- 210
NTGS Tanami Aeromagnetic Survey Outline
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2000 4000 6000 8000 10000 12000 14000 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18
Early stage exploration metres drilled
Metres
2010 to 2016 47,551 metres in 6 years
>2017
66,494 metres in 2 years
Aggressiv ive Exp xploration Program
- ~35,000m AC and RAB completed 2018
- 950m co-funded diamond drilling
- ~3,500m RC drilling planned
- 644 spoils (geochemical samples)
Staged work program underway to screen all priority projects for large deposits
BLDD001 BLDD002
Strategy Yie ielding Results
14 Capstan Galaxy
ASX 5 June 2018, 12 June 2018, 2 August 2018 & 15 October 2018
BL0415 3m@0.6g/t BL0412 9m@1.4g/t including 3m@2.8g/t
Capstan Prospect
- Similar rock sequence and structural setting as 14Moz Callie Deposit
- 8km of gold anomalism
- Larger anomaly footprint than was seen at the same stage of drilling at Callie
BL0195 3m@0.5g/t BL0245 3m@0.9g/t BL0440 1m@4.0g/t (EOH) BL0445 6m@0.5g/t BL0316 21m@0.7g/t including 9m@1.2g/t BL0490 6m@0.6g/t BL0480 3m@1.8g/t BL0233A 1m@0.7g/t (EOH) Capstan North Capstan East Top Hat Hat Capstan Anticline
Final Assays Pending
Capstan NTGS Co-funded DD Dri rilling
First diamond holes into the Capstan area - unlocking the geology A A’ Capstan Diamond Drilling
- Two NTGS co-funded stratigraphic diamond
holes completed for 951.4m
- BLDD002 intersected 43m of pyrite altered
porphyry and sediment – assays pending
BLDD002 (122m) BLDD002 (399.5m) BLDD002 Schematic Section
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ASX 2 Aug 2018 ASX 15 Oct 2018
BLDD001
Capstan RC
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Capstan RC
- 3,500m RC commencing mid-October
- Drilling will provide first bedrock test of coherent gold
trends
- Four priority targets areas to be RC drilled
BL0415 3m@0.6g/t BL0412 9m@1.4g/t including 3m@2.8g/t BL0195 3m@0.5g/t BL0245 3m@0.9g/t BL0440 1m@4.0g/t (EOH) BL0316 21m@0.7g/t including 9m@1.2g/t BL0490 6m@0.6g/t BL0480 3m@1.8g/t BL0233A 1m@0.7g/t (EOH) Capstan North Capstan East Top Hat
RC Priority Area
BLDD002
Prodigy RC Drilling (Suplejack 2017)
ASX 5 June 2018, 12 June 2018, 2 August 2018 & 15 October 2018
Capstan Anticline
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Airborne Geophysics
- Massive NTGS survey of the Tanami Region
- 275,000 line km (200m spacing) airborne magnetic
survey at no cost to PRX
- PRX co-funded to infill two areas to 100m spacing
- Capstan
- Euro JV
NTGS Airborne Geophysics Survey
Resourcing the Territory initiative supporting early stage exploration
NTGS airborne magnetic survey over Capstan
Capstan 100m line spaced infill Euro 100m line spaced infill NTGS 200m line spaced survey outline
Tanami Region Magnetics
Mapping Stratigraphy wit ith Lit ithogeochemistry ry
Litho-geochemistry characterises and maps favourable rocks units
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PRX – CSIRO Collaborative Project
- Supports geophysical interpretation and
deposit targeting
- Systematically building the Tanami wide
litho-geochemical database
- 1,263 historic RAB/AC spoils collected
- Innovative use of historic drilling samples
Bluebush Capstan Apertawonga Galaxy CSIRO Study Pt 2 Suplejack CSIRO Study Pt 1
Collecting drill spoils from historic holes
Suplejack Project
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Emerging camp scale opportunity
- 4.9 Mt at 1.95g/t for 310koz of gold1
- Strategic Resource
- 19km from 1.6Moz Groundrush (Northern Star)
- 58km from Central Tanami JV Plant (Northern Star)
- 37% of gold is in oxide and transitional
- High grade controlled by intersection of structure with
mafic sediments
- Growth potential on extensions and additional targets
12m@2.6g/t 13m@7.3g/t 5m@8.5g/t 2.5m@11.7g/t Post 2017 AGM results
Sustainability
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Environmental Management
- Minimised line clearing for reconnaissance drilling
and reduced environmental footprint
- Ongoing rehabilitation of drill pads
- On-country meetings with Traditional Owners
2018 drill pad at Capstan 2018 aircore drilling at Capstan Rehabilitated drill pad 2016 RC drill pad at Hyperion Regrowth over drill pad post wet season
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Joint Ventures
IG IGO JV - Lake Mackay
- ~13,000km2 belt scale project
- Additional large gold and base metal anomalies detected
- Soil sampling continuing along the >1,000km2 corridor
- EM survey to be followed by infill soils, moving loop EM and
RC/DD drilling Province scale Cu-Au and base metal opportunity
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12,000 line km airborne EM survey underway
Airborne EM Survey Status
North Aru runta / Euro JV
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North Arunta – Gladiator $6.5M earn-in to 70%
- Cu-Au potential along the Willowra Structure
- Multiple multi-kilometre-scale geochemical-geophysical-structural
targets
- Recent IP geophysics defined large anomalies below previous drilling
- RC drilling planned for 2018
Euro – Newcrest $12M earn-in 75%
- Oberon and Callie style targets
- Historic aircore results of up to 0.25g/t Au not followed up parallel to
Oberon 0.42Moz
- IP surveys underway
- RC drilling planned to test IP targets identified
Callie 14Moz The Granites Oberon Dune IP Vivitar IP
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In Investment proposition
JVs Unique Greenfields and Brownfields Portfolio
Funded Supportive, high quality
shareholders
1M 1Moz
Aggressive exploration program underway Exposure to multiple committed JV partners
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Prodigy Gold NL ASX:PRX
Contact us
+61 8 9423 9777 admin@prodigygold.com.au Level 1, 141 Broadway, Nedlands WA 6009, Australia
Prodigy Gold Resource Summary ry
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Project Date
Indicated Inferred Total
Cut-Off Grade (g/t) Tonnes (Mt) Grade (g/t Au) Metal (Koz) Tonnes (Mt) Grade (g/t Au) Metal (Koz) Tonnes (Mt) Grade (g/t Au) Metal (Koz)
Old Pirate 1 Aug-16 1.0 0.04 4.6 7 0.72 4.7 109 0.76 4.7 115 Buccaneer2 Aug-17 1.0 1.2 1.7 65 8.8 1.8 520 10.0 1.8 585 Suplejack3 Jul-18 0.8 0.92 2.4 69 4.0 1.9 240 4.9 2.0 310 Total various 2.2 2.0 141 13.5 2.0 869 15.7 2.0 1,010
Total Resource: 15.7Mt at 2.0g/t for 1.01 Moz of gold
1ASX 19 Aug 2016 2 ASX 1 Sept 2017 3ASX 31 July 2018