Annual General Meeting Presentation Perth WA 15 November 2013 Bruce Kay Technical Direct or
Co Comp mpany Ob any Object ectives ves Become a cash producing, dividend paying gold producer in 2-3 years Considerably enhance value by successful exploration Acquire assets with strong upside potential: the NQM and Normandy experience Early cash flow is the priority Slide 2
Four ur Eag agles es: 2013 2013 Summar ummary Hayanmi Gold Prospect extended to 2.6 kms long Three prospects now defined with high grades (Hayanmi, Discovery and Boyd’s Dam) Large gold footprint 6 kms by 2.5 kms with potential to extend Gold is finely divided with good assay repeatability 2014 Objective: Angled drilling to define high grade gold deposit at shallow depth Slide 3
Virgi gin G Gold D Disc scovery with Exc Excellent Infra rastru tructu ture Good road and rail access, power and water Other gold plants available in district for early cash flow Freehold land with no native title Local workforce, no FIFO Potential for both shallow open pit gold and large gold discoveries Slide 4
Non Non-Gold old P Proj rojects Minnie Springs • $1m of molybdenum exploration • Low grade molybdenum resource defined • Untested tungsten prospect (0.5 – 1% WO3) • Shallow uranium mineralisation (500ppm U) Everton • Historic Molybdenum production 21,000 tonnes @ 1.4%MoS2 • Scattered molybdenum mineralisation in quarry • Farm-out potential Four Eagles Gold Project Slide 5
Bend Bendigo / / Bal Ballar arat at Gold old Z Zon ones DPI pr I predic dicts s 32 millio illion ounces o s of go gold ld und under er co cover er (so source: Vic ictoria ian D Department o of Prim imary I Indust stries, s, G Gold ld Un Undercover I Init itia iativ ive) Historic rical Gol old d Produ oduction Bendi digo-Ballarat Region 143º G 145º Bendigo - Ballarat o v e r n N. S. W. DPI o Gold Zone r Fault System predicts 32 Mozs W 60 million ounces produced h i t e l 38º a 2 Deposits > 10 million ounces w Four Eagles Gold Project F a u V I C T O R I A 5 deposits > 1 million ounces l t F ault 60 Mozs Bendigo Total Gold Production Stawell Production > 10 million ounces Mount William t l u > 1 million ounces a F > 300,000 ounces a Ballarat c o v A MELBOURNE Concealed by Murray Basin Sediments t l 36º u a F a 0 100 r b NORTH m a B kilometres Slide 6
Bendigo: Bend : a w world-class gold ta targ rget Bendigo Goldfield New Chum Line Historical Gold Production 7.9mt @15.1g/t Au Nell (3,850,000oz) Gwynne from Lines of Lodes Line Garden Gully Line 10.8mt @15.0g/t Au e (5,203,000oz) n 18 million ounces of Zo BENDIGO n o reef gold i Hustlers Line t c u 1.6mt @17.6g/t Au r d o (918,000oz) P 4 million ounces of URBAN l a oric Deborah Line alluvial gold 0.46mt @14.7g/t Au t s i (217,000oz) H Includes possibly 7 million Napoleon AREA Line Sheepshead Line ounces in top 200 metres 2.3mt @11.6g/t Au (852,000oz) Large footprint (8kms x 3kms) NORTH 0 2 kilometres Slide 7
Nort North Bend Bendigo Gold old Belt lt Major gold belt NO R T H 230,000mE 250,000mE 270,000mE 290,000mE Pyramid EL5295 V I C T O R I A N S W emerging north of 6,000,000mN Echuca Bendigo Four Eagles Gold Mitiamo Project Totally concealed by EL4525 Lockington Tandarra F Whitelaw 5,980,000mN Murray Basin Rochester sediments Tandarra Project Gold deposit/ Fault occurrence Town / city Main Road Whitelaw Fault 5,960,000mN Railway EL4525 Limit of base- ment outcrop controls gold Exploration Licence Raywood Holding Companies Sebastian Catalyst / Providence JV Catalyst has 25 kms of Unity ELs 5,940,000mN Unity MLs strike length Lion Gold / Fosterville Navarre Navarre Bendigo Bendigo Crocodile Gold Goldfield Fosterville Timpetra Goldfield 5,920,000mN 0 20 kilometres Slide 8
Wha hat lies ies benea eneath h the w he whea heat f fiel elds? 0.4m @ 152.0g/t Au (FEDD008) 6.0m @ 82.7g/t Au (FE328) 1.0m @ 18.3g/t Au (FERC002) 3.0m @ 36.6g/t Au (FE415) 1.0m @ 17.5g/t Au (FEDD001) 3.0m @ 20.5g/t Au (FE592) 3.0m @ 9.1g/t Au (FE608) Slide 9
Four Fou r Eagle gles s Gold old Zones nes Drillhole Intersections (>0.7g/t Au) 316 (3.85km north) FEDD001 3.7m @ 4.7g/t Au from 170m Projected Tandarra 619 inc. 0.8m @ 17.5g/t Au from 173m FEDD007 0.4m @ 8.4g/t Au from 168m and 0.75m @ 15.3g/t Au from 170m FEDD008 0.4m @ 152g/t Au from 150m Whitelaw FERC002 2m @ 1.8g/t Au from 67m and 1m @ 18.3g/t Au from 127m FERC003 2m @ 6.2g/t Au from 49m FE326 1.5m @ 1.81g/t Au from 114m 469 623 FE328 6m @ 82.7g/t Au from 123m FE343 3m @ 3.34g/t Au from 111m Fault FE380 3m @ 9.71g/t Au from 120m 5,992,000mN FE399 3.0m @ 1.42g/t Au from 66m Fault FE402 3.0m @ 0.8g/t Au from 90m 649 Bendigo Pyramid Road 648 446 FE415 6.0m @ 2.6g/t Au from 45m and 3.0m @ 36.6g/t Au from 57m Boyd’s FE469 3.0m @ 1.23g/t Au from 36m Dam FE471 3.0m @ 5.96g/t Au from 75m 343 626 and 3.0m @ 1.33g/t Au from 81m FE472 3.0m @ 1.2g/t Au from 45m and 3.0m @ 2.32g/t Au from 63m FE492 3.0m @ 1.2g/t Au from 75m FE509 3.0m @ 0.7g/t Au from 84m 326 FE532 3.0m @ 2.1g/t Au from 96m 399 471 FE535 3.0m @ 1.37g/t Au from 63m D005 592 FE572A 3.0m @ 1.74g/t Au from 51m 591 595 578 FE575 3.0m @ 4.9g/t Au from 66m 5,990,000mN 492 FE578 3.0m @ 1.14g/t Au from 60m 579 FE579 9.0m @ 2.33g/t Au from 48m Hayanmi 572A 608 575 and 3.0m @ 1.23g/t Au from 78m 402 415 R002 FE584 3.0m @ 0.88g/t Au from 117m FE591 3.0m @ 14.7g/t Au from 87m 472 584 R003 FE592 9.0m @ 7.9g/t Au from 87m 328 509 D007 incl. 3.0m @ 1.26g/t Au from 87m D001 incl. 3.0m @ 20.5g/t Au from 90m Bendigo Pyramid Road D008 EAGLE 4 and 3.0m @ 1.94g/t Au from 93m FE595 3.0m @ 2.33g/t Au from 126m ZONE E AGLE 5 Discovery FE606 3.0m @ 1.39g/t Au from 102m TARGET FE608 3.0m @ 9.1g/t Au from 108m FE619 3.0m @ 0.8g/t Au from 45m EAGLE 1 FE623 3.0m @ 0.83g/t Au from 33m 380 TARGET FE626 1.5m @ 12.9g/t Au from 52.5m 5,988,000mN FE648 1.5m @ 1.0g/t Au from 82.5m NO R T H FE649 4.5m @ 1.0g/t Au from 97.5m 0 1 Drillholes Drillhole grades 0.5 to 1.0 g/t Au kilometre EAGLE 2 Au Zone 0.1 to 0.2 g/t Au 1.0 to 5.0 g/t Au 242,000mE EAGLE 3 As Zone 0.2 to 0.5 g/t Au > 5.0 g/t Au 246,000mE 244,000mE Slide 10
Hayanmi ayanmi Tr Trend end Hayanmi Trend 244,000mE 245,000mE Significant Drillhole Intersections (>0.5g/t Au) a d r r a w a l l a E a s t R o Y a 623 469 FE399 3.0m @ 1.42g/t Au from 66m 5,992,000mN FE469 3.0m @ 1.23g/t Au from 36m Eagle 3 C u FE471 3.0m @ 5.96g/t Au from 75m Zone n e e and 3.0m @ 1.33g/t Au from 81m n s R FE492 3.0m @ 1.2g/t Au from 75m o Eagle 2 a d FE591 3.0m @ 14.7g/t Au from 87m 440 Zone 649 and 3.0m @ 1.46g/t Au from 93m 2 446 648 0 m FE592 9.0m @ 7.9g/t Au from 87m incl. 3.0m @ 1.26g/t Au from 87m 30m incl. 3.0m @ 20.5g/t Au from 90m 4 0 and 3.0m @ 1.94g/t Au from 93m m 5 0 FE595 3.0m @ 2.33g/t Au from 126m m 5,991,000mN FE608 3.0m @ 9.1g/t Au from 108m 452 FE623 3.0m @ 0.83g/t Au from 33m 343 626 FE626 1.5m @ 12.9g/t Au from 52.5m 625 and 1.5m @ 0.7g/t Au from 82m and 1.5m @ 0.54g/t Au from 87m FE648 1.5m @ 0.8g/t Au from 64.5m and 1.5m @ 1.0g/t Au from 82.5m FE649 4.5m @ 1.0g/t Au from 97.5m 399 471 326 r y R o a d N o r t h B o u n d a Other Intersections 592 591 FE326 1.5m @ 1.81g/t Au from 114m Hayanmi Eagle 2 FE343 3.0m @ 3.43g/t Au from 111m 5,990,000mN 595 Zone Prospect Hayanmi FE446 3.0m @ 0.5g/t Au from 66m 492 Cross 608 Section LEGEND Drillhole grades Depth to Basement 0.1 to 0.2 g/t Au < 20 metres NO R T H Drillholes 0 500 0.2 to 0.5 g/t Au 20 - 30 metres Au Zone 0.5 to 1.0 g/t Au 30 - 40 metres metres 1.0 to 5.0 g/t Au 402 40 - 50 metres > 5.0 g/t Au > 50 metres Slide 11
Hayanmi ayanmi Cross ross Section ion Hayanmi Cross Section 5990140mN 6 FE590 FE592 D 0 0 FE593 FE591 Proposed RC/Diamond Drillholes 50m 3m @ 1.3g/t Au 3m @ 20.5g/t Au 3m @ 14.7g/t Au 99m EOH 3m @ 1.9g/t Au 3m @ 1.5g/t Au 0 50 0m 108m Metres EOH 117m EOH 134m Clay - Shepparton Fm. EOH 125m EOH Sand 3m @ 1.0g/t Au Silt Carbonaceous Clay -50m Potential Saprolite Zone Basement Castlemaine Gp. Ore Zone Potential Gold Zone 244700mE 244800mE 244900mE Slide 12
Hayanmi ayanmi Lon ongit gitudin inal S l Section ion Longitudinal Projection of Hayanmi Structure FE595 FE591 FE599 FE399 FE592 FE492 FE469 FE626 FE648 FE649 FE623 FE402 FE471 FE608 MURRAY BASIN SEDIMENTS 1.5m @ 12.9g/t Au 3m @ 0.83g/t Au 3m @ 1.23g/t Au 3m @ 1.42g/t Au 3m @ 50m 50m 1.5m @ 0.8g/t Au 1.2g/t Au 3m @ 6.0g/t Au 1.5m @ 1.0g/t Au 3m @ 1.3g/t Au 3m @ 3m @ 0.8g/t Au 4.5m @ 1.0g/t Au 3m @ 14.7g/t Au 0.8g/t Au 100m 9m @ 7.9g/t Au ZONE OF GOLD POTENTIAL 3m @ 9.1g/t Au 200 FOR DRILL TESTING 150m metres 3m @ 2.3g/t Au 2.6 Kilometres 200m 5,990,000mN Longitudinal 250m Projection View looking 0 500 (Vertical exaggeration approx. 6:1) WEST 100m Metres 200m 300m 5,991,000mN 5,992,000mN Slide 13
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