For personal use only Resources Limited 2007 AGM OUTLINE For - - PowerPoint PPT Presentation

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For personal use only Resources Limited 2007 AGM OUTLINE For - - PowerPoint PPT Presentation

Oct 12, 2022 194 likes •444 views

For personal use only Resources Limited 2007 AGM OUTLINE For personal use only Our Business Model Management Projects Capital Structure The Next 5 Years JINDALEE RESOURCES For personal use only Active junior explorer

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SLIDE 1

2007 AGM

Resources Limited

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SLIDE 2

OUTLINE

  • Our Business Model
  • Management
  • Projects
  • Capital Structure
  • The Next 5 Years

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SLIDE 3

JINDALEE RESOURCES

  • Listed on ASX July 2002 (raised $2.65m)
  • 31.9m shares (market cap. ~$43m)
  • Cash & shares = $68m
  • Active junior explorer targeting Au & Ni
  • High leverage exposure to high risk sector
  • Small & highly motivated team

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SLIDE 4

MISSION STATEMENT

To create wealth for our shareholders through participation in the discovery of world class mineral deposits

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SLIDE 5

DEPOSITS ARE HARDER TO FIND

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SLIDE 6

DISCOVERY COSTS ARE INCREASING

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SLIDE 7

JINDALEE’S STRATEGY

  • 1. Identify & acquire prospective ground
  • 3. Introduce partners to fund higher

risk/expensive stages (or IPO)

  • 2. Add value through initial exploration
  • 4. Stay lean & mean (= LEVERAGE!)

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SLIDE 8

MANAGEMENT

  • Ross “Redross” Kennedy (Chairman)

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Director of Resolute for 13 years (Marymia, Chalice), CRA, Union Miniere .

  • Lindsay Dudfield (Managing Director)

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Founding Director of Dalrymple Resources (8 years)

  • Greg Ledger (Company Secretary & Accountant)
  • Mark Scott (Director)

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Investment banker and former broker

  • Trish Farr (Office Manager)
  • Sam Berridge (Exploration Manager)

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Experience with Equigold in Australia & Africa

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SLIDE 9

PROJECTS

  • NE Goldfields
  • Murchison
  • East Kimberleys
  • Energy Metals
  • WILD CARD!!

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SLIDE 10

PROJECT LOCATION

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SLIDE 11

YILGANGI JV (Au)

JRL 20% Project Carried (NCM) 400m x 300m >1g/t Au anomaly (Hobbes prospect) Broad intercepts from RC drilling 19m @ 0.98 g/t 13m @ 1.00 g/t 600m Diamond hole completed Major RC program underway

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SLIDE 12

YILGANGI JV (Au)

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SLIDE 13

MURCHISON JV (Au)

JRL 20% FC to BFS Retain 10m ALY (25% IC) High Risk-Reward Backing ALY Management

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SLIDE 14

BOW RIVER (Ni-Cu)

100% JRL 60km N of Sally Malay Previous Intercepts include: 10m @ 1.1% Ni, 0.5% Cu Lightly drilled, no GEM Drilling planned 2008

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SLIDE 15

BOW RIVER (Ni-Cu)

Sampling Gossans at Bow River Sally Malay Open Cut

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ENERGY METALS – 40% IC (U)

EME investment is driving JRL share price (but not enough!) Significant Bigrlyi resource upgrade due March 08 Stake is Strategic (U forecast +ve, NT, project has critical mass) Options for EME stake include: Takeover (premium for control) Distribute to shareholders Sell down to fund activities

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SLIDE 17

WILD CARD!!

  • advanced project divested by major?
  • new 100% Jindalee application?
  • may already be in our portfolio
  • new initiatives (GLOBAL)

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SLIDE 18

CAPITAL STRUCTURE

  • 31.94m Shares on issue
  • 3.15m Options (unlisted)
  • 1,147 Shareholders (Top 20 hold 60%)

1. Lindsay Dudfield 4.77m 14.93% 2. Kale Capital 3.22m 10.07% 3. Teck Cominco 2.05m 6.42%

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SLIDE 19

MARKET CAPITALISATION (FY)

10 20 30 40 50 60 70

2003 2004 2005 2006 2007

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SLIDE 20

5 YEAR SHARE

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SLIDE 21

GREAT RETURNS SINCE LISTING

Took up minimum Investment in Jindalee IPO Took up & exercised Loyalty Options Took up minimum Energy Metals entitlement Took up EME Loyalty Options Total Investment of $5,080 now worth $64,200 Profit of $59,120 (1,164% return) HYPOTHETICAL INVESTOR Ms PATIENCE

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SLIDE 22

GET THE UPSIDE FREE!

Jindalee’s current enterprise value represents a significant discount to the market value of its investments before ascribing any value to its exploration assets. The Hobbes gold discovery highlights this ‘free’ option value for shareholders. The company now has two key value drivers moving forward (EME holding + Hobbes) both of which will have high levels of news flow during the remainder of 2007. The potential for a strong re-rating of the company’s share price is high despite the current financial market turmoil. Hence, Stock Resource recommends Jindalee Resources as a Buy up to $1.50 for Members without current exposure. Stock Resource – 22 August 2007 (Mining Investment Advisors)

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SLIDE 23

JINDALEE

A LOW RISK ENTRY TO A HIGH RISK SECTOR

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