Investor Presentation March 2013 Geoff McDermott Managing Director - - PowerPoint PPT Presentation

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Investor Presentation March 2013 Geoff McDermott Managing Director - - PowerPoint PPT Presentation

Investor Presentation March 2013 Geoff McDermott Managing Director ASX Code: NML www.navarre.com.au Forward-looking statement & disclaimer The information contained in this presentation has been provided by Navarre and other sources


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Investor Presentation

March 2013

Geoff McDermott – Managing Director ASX Code: NML www.navarre.com.au

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Forward-looking statement & disclaimer

The information contained in this presentation has been provided by Navarre and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representatives as to the accuracy or completeness of such information. Nothing contained in this presentation is or shall be relied upon as, a promise or representation by any of Navarre or any such advisers, their respective affiliates or representatives. The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Navarre shares. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on Navarre management estimates. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Navarre or its directors, or any of their employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance. This presentation includes “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Navarre and any of its officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions

  • n which those statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and Navarre assumes no obligation to update such

information. The contents of this presentation are strictly confidential and must not be photocopied, reproduced, disclosed or distributed to any other person without the prior written consent of Navarre.

Competent Person’s statement

The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Wessley Edgar. Mr Edgar is an employee of Navarre Minerals Limited, is a member of the Australasian Institute of Mining and Metallurgy and is a Competent Person under the definition of the 2012 JORC Code. The Exploration Potential described in this Presentation is conceptual in nature, and there is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource. Mr Edgar consents to the publication of this information in the form and content in which it appears.

ASX Code: NML www.navarre.com.au

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Company Summary

Navarre Minerals is a Victorian based resources company exploring for gold & base metals deposits within emerging and proven mineral corridors

 Exposure to gold, copper base metals growth  Extensive tenement position  Two potential large discoveries:

 Priority 1 - Tandarra Gold prospect, an emerging gold district under cover  Priority 2 - Eclipse copper-gold porphyry prospect, under- explored emerging Andean-style magmatic arc

 Key projects 100% owned (earning 75%

Raydarra & Sebastian)

 $1.1 million cash position (Dec 31, 2012)  Active work programs with strong news flow

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Bendigo North

An emerging gold district

  • Finalised 100% ownership of Tandarra project –

January 2013

  • Earning 75% interest in Raydarra & Sebastian
  • Gold concealed by shallow Murray Basin sediments (1m

– 80m deep)

  • Located close to 22Moz Bendigo Goldfield on same

controlling fault – NML has 35km of strike

  • Potential for open pit mining
  • Near established infrastructure: HV power, water,

highway, daily rail service, workforce

  • Activities completed
  • 339 drill holes for 32,000m
  • 70 line kilometres of CSAMT geophysics
  • Gravity inversion modelling
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SLIDE 5

Central Victoria gold endowment

  • Dept. of Primary Industries predicts 32 Mozs of gold under cover north of Bendigo

Source: Victorian Department of Primary Industries, Gold Undercover Initiative 2007

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Tandarra

Best gold prospect in Victoria

  • Bendigo-style gold in quartz reefs
  • Quartz reefs form “buried hills” under cover similar to

Bendigo

  • New geophysical approach followed by scout drilling

uncovers multiple lines of quartz reef

  • 29 detected by CSAMT geophysics
  • 14 confirmed by drilling to contain anomalous gold
  • Scale potential from multiple quartz reefs, open in all

directions

  • Bulk sample testing of RC drill residues to assist

understanding of true gold grades

  • Raydarra – a possible extension of Tandarra? Less cover
  • Potential for open pit and underground mining

4 km

Raydarra (earning 75%) Tandarra (100%)

170.0 145.0 120.0 95.0 70.0 45.0 20.0 Depth to top of basement (m) September 2012

Raydarra & Tandarra Depth to Basement Showing all drilling

Gravity image

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SLIDE 7

Tandarra

Drilling status

  • Two high-grade lines of reef confirmed to date –

Tomorrow & Macnaughtan lines

  • High grade gold occurs within a broad halo of

mineralised quartz close to surface

  • >2km of near surface gold mineralisation on

established lines

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Tandarra Long Sections

Bendigo Goldfield’s Sheepshead Line at same scale

Dingee Rd Area to drill

Drilled October-November 2012 800 m

Un-tested for repetitions

Macnaughtan Line

Dingee Rd Area to drill

Drilled October-November 2012

Tested for shallow repetitions Un-tested for repetitions or fold reversals

850 m

Alluvial gold sheet and palaeo-drainages

700 m Existing stockwork of gold mineralisation

Tomorrow Line

South North South North

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Tandarra

Cross-section through Tomorrow line

March 2013

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Tandarra – Recent drill results*

Drill results supportive of conceptual open pit

* See Navarre’s ASX releases dated 16 Jan 2013, 17 October 2012, 26 July 2012 & 28 October 2011

HOLE ID EASTING (MGA94) NORTHING (MGA94) DIP AZIMUTH (MGA94) FINAL DEPTH (m) FROM (m) TO (m) INTERVAL (m) GOLD (g Au/t) TARGET RCT001 246882 5972742

  • 70

090 104 71.0 87.0 16 1.1 Tomorrow Line RCT006 246893 5972731

  • 60

090 159 35.0 59.0 24 2.5 Tomorrow Line includes 45.0 57.0 12 4.9 RCT028 247018 5972419

  • 70

090 102 73.0 85.0 12 1.8

Tomorrow Line includes 79.0 84.0 5 3.9 RCT042 246928 5972751

  • 80

270 90 60.0 79.0 19 1.1 Tomorrow Line includes 66.0 67.0 1 7.5 RCT043 246916 5972749

  • 80

270 84 53.0 71.0 18 1.0 Tomorrow Line RCT045 246903 5972754

  • 80

270 66 27.0 44.0 17 1.1 Tomorrow Line includes 35.0 43.0 8 2.0 RCT046 246965 5972750

  • 62

270 102 87.0 94.0 7 1.9 Tomorrow Line RCT050 246843 5972929

  • 80

270 102 44.0 48.0 4 9.4 Tomorrow Line includes 44.0 45.0 1 33.6 RCT051 246830 5972929

  • 80

270 60 20.0 46.0 26 1.0 Tomorrow Line includes 22.0 36.0 14 1.5 RCT062 246994 5972629

  • 80

270 150 35.0 46.0 11 2.0 Tomorrow Line includes 41.0 45.0 4 4.5 RCT063 246978 5972629

  • 80

270 120 18.0 22.0 4 9.2 Tomorrow Line includes 20.0 21.0 1 30.9 RCT069 247068 5972416

  • 80

270 84 77.0 79.0 2 5.5 Tomorrow Line RCT095 246919 5972826

  • 80

270 113 83.0 100.0 17 1.0 Tomorrow Line RCT096 246894 5972846

  • 80

270 108 58.0 81.0 23 1.0 Tomorrow Line RCT097 246879 5972833

  • 80

270 101 54.0 61.0 7 3.0 Tomorrow Line includes 54.0 55.0 1 14.9 DDT001 246889 5972825

  • 55

270 151.2 20.1 49.2 29.1 1.6 Tomorrow Line includes 20.1 21.4 1.3 18.1 ACT015 246898 5972750

  • 90

000 60.0 37.0 47.0 10 34.4 Tomorrow Line includes 37.0 39.0 2 161.2 ACT151 246484 5973240

  • 90

000 99.0 69.0 73.5 4.5 23.1 Macnaughtan Line includes 69.0 70.5 1.5 59.2 ACT172 246549 5973032

  • 90

000 96.0 46.5 49.5 3 8.8 Macnaughtan Line

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Delamerian base metals & gold project

Under-explored volcanic province containing multiple Andean-style gold and base metals targets

  • Former Rio Tinto base metals & gold project
  • Volcanics under-explored due to poor outcrop and

shallow cover

  • Multiple drill targets largely untested in 130kms of

volcanics identified from geophysics

  • Large copper-zinc-gold mineralisation of potential

porphyry system identified at Eclipse prospect

  • Massive DDBR001 drill intercept of 276.1m @ 0.3%

Zn and 0.1g Au/t from 1.3m below surface ending in mineralisation indicates proximity to high-grade porphyry core at Eclipse

  • Activities completed:
  • 26 drill holes for 2200m
  • Detailed aeromagnetic survey
  • Ground EM & IP geophysics surveys
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SLIDE 12

Eclipse prospect

Potential porphyry copper-gold system

  • Under-explored porphyry copper-gold target
  • Scale potential – large target area (2900m by

700m) demagnetised feature co-incident with gravity low & anomalous base metal geochemistry

  • Porphyry-style alteration assemblages form

distinct zones around mineralised core & can provide vectors to high grades

  • Massive zone of zinc mineralisation in DDBR001

is common feature in margins of many porphyry copper-gold deposits

  • Previous shallow high-grade intercepts*:
  • 15m @ 0.7% Cu, 1.9% Zn, 0.8g Au/t (RC92GM52)
  • 13m @ 0.7% Cu, 0.2g Au/t, inc. 2m @ 2.2% Cu (RC92GM55)
  • 2.0m @ 3.0% Cu, 2.0g Au/t (RC93GM65)

* See Navarre’s December 2010 prospectus

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Eclipse prospect

Conceptual porphyry copper-gold model

  • March 2013 initial RC / air-core drill program completed to characterise alteration assemblages

in porphyry system to vector towards high-grade. Assays pending

  • Regional program of reconnaissance geology and ionic leach soils over geophysical targets
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  • Under-explored
  • CSAMT detects potential reef structure
  • Follow-up drill strategy being planned

Sebastian Gold Project

Potential shallow gold under cover

9 km Under Cover Gold Potential

Bendigo Goldfield Sebastian Goldfield

(187,000 ozs past production)

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Landsborough Fault – Kingston project

Emerging gold project close to established infrastructure

  • At-surface, oxide gold mineralisation with shallow high-grade gold intercepts including

recent Navarre drilling - 16.9m @ 5.5g Au/t from 66m down-hole in DDK001

  • 100% owned with dominant position along prospective Landsborough Fault
  • Historic mining over 1,000 metres of strike to a max depth of 75 metres - high-grade

gold, silver and minor lead mined

  • Active mining jurisdiction – Stawell Gold Mines operation 30 kilometres away
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Kingston

Previous high-grade gold intercepts to follow up

  • Recent airborne magnetic survey locates possible repetitions
  • f Kingston mineralisation for follow-up testing
  • CSAMT & trial IP geophysics uncovers new targets
  • Planning and permitting underway to drill test CSAMT & IP

targets

60 m 1.1 km

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2013 Exploration Program

Testing the shallow open pit potential

BENDIGO NORTH GOLD PROJECT

  • Reconfiguration of pilot plant then bulk testing of Tandarra RC sample residues
  • Conceptual mining studies at Tandarra
  • Raydarra & Sebastian CSAMT target follow-up drill planning

DELAMERIAN BASE METALS – GOLD PROJECT

  • Eclipse AC/RC Drilling (surface oxide to

transitional sulphide) & petrography

  • Eclipse 3D model and follow-up drill planning
  • Regional reconnaissance geology & soils

program over geophysical targets LANDSBOROUGH FAULT GOLD PROJECT

  • Drill design and permitting at Kingston /

Landsborough Fault

  • Regional reconnaissance geology and soils

program

Navarre pilot plant – March 2013

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Navarre Board & Management

Experience & results

Combined 60 years of exploration and operational experience in Victoria and track- record of bringing projects into production

Kevin Wilson

  • Chairman

John Dorward

  • Non-Executive Director

Colin Naylor

  • Non-Executive Director

Geoff McDermott

  • Managing Director

Jane Nosworthy

  • Company Secretary

Navarre management team

Wess Edgar

  • Exploration Manager

Jodi Ford

  • Accountant

Marlene Erard

  • Office Manager

Daniel Braunsteins - Exploration Geologist Sam Bibby

  • Field Supervisor
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Corporate

ASX code NML (listed 31 March 2011) Shares on issue 59.6 million Options 6.03 million (unlisted) Share Price AUD$0.12 (20 March 2013) Market Cap $7.2 million (AUD$0.12) Cash $1.1 million (31 December 2012) Major Shareholders Crocodile Gold Corp. 9%

(Owner of Fosterville and Stawell Gold Mines)

Board & Management 24% Top 20 shareholders 57%

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Navarre Investment Summary

 Discovery of a potential new goldfield under shallow cover at Tandarra - 40km

along strike from 22Moz Bendigo Goldfield  Testing the potential of a large, shallow porphyry copper-gold system at Eclipse  100% key project ownership - earning 75% Raydarra & Sebastian  Experienced & focussed exploration team  $1.1 million cash at bank as at December 31, 2012  Active work programs with strong news flow

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40 – 44 Wimmera Street Stawell VIC 3380 Tel: 03 5358 8625 Website: www.navarre.com.au Email: info@navarre.com.au

For more information contact

Navarre Minerals Limited

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Bendigo North gold project

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Delamerian base metals-gold project