MacPhersons Presents at AMEC Convention

Transcription

1 MacPhersons Presents at AMEC Convention MacPhersons Resources Limited (ASX:MRP) is pleased to announce Managing Director Morrie Goodz will present at the 2012 AMEC Convention in Perth today. A copy of the presentation is attached. Mr Goodz has also completed an interview with Board Room Radio where he discusses MacPhersons' recent capital raising, including the investment by RK Mine Finance (Red Kite) into the Company, and recent drilling results. The interview is available online at Recent research on MacPhersons by E.L. & C. Baillieu and Patersons is available at and MacPhersons Resources Managing Director Morrie Goodz can be contacted on Or contact Frances Thornton, from Frances Thornton Media on or frances@francesthornton.com.au. 1

2 Corporate Update AMEC Sept 2012

3 Cautionary Advice on Forward Looking Statements The information contained in this presentation has been prepared by MacPhersons Resources Ltd (MRP). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MRP. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act. While the information contained in this presentation has been prepared in good faith, neither MRP nor any of its directors, officers, employees, agents or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of MRP, its directors, officers, employees, agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation. This presentation may contain statements that may be deemed forward looking statements. Forward risks, uncertainties and other factors, many of which are outside the control of MRP, can cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, commodity price volatility, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation. Investors are cautioned that any forward looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward looking statements made. Exploration targets are conceptual in nature and drilling may not convert these to resources. 3

4 Strategic Achievements What have we achieved in 12 mths? Silver, Gold & Zinc mine acquisition Silver/Gold mill acquisition/refurbishment Silver Eq Moz $300M Gold koz $290M Zinc 0 35 kt $65M Value added in 12 mths $655M 44% Return to Shareholders Copper/nickel upside Gold Assets/Tenements increased 800% Road to Production 4

5 Premier Project Location - Kalgoorlie 5

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7 Corporate ASX Code: MRP ASX Listed: 24 December 2010 Ordinary Shares: 215 million Unlisted Options: 22 million Market Cap: Cash: A$85m at 39 cents A$8m Projects 100% Nimbus Silver-Gold-Zinc VHMS 100% Boorara/Coolgardie Gold Assets MRP XMM Substantial Shareholders Directors/Management: 37% RK Mine Finance: 8.5% 7

8 People Chairman (Executive) Ashok Parekh BBus, FCA, AIMM, FTIA Chartered Accountant 33 years experience Coordinates assets for IPOs Managing Director (Executive) Morrie Goodz MSc (Mining Geo), MBA, FAIMM Cert Mine Manager Geologist 34 years experience Discovered/designed 4 decline mines Non-Executive Director Jeffrey Williams BSc (Mining Eng), MBA, FAIMM Mining Engineer 39 yrs experience Founder Mineral Deposits (MDL) Company Secretary Stephen Hewitt-Dutton BBus, CA, SA Fin Chartered Acct 18 years experience Specialist Mergers & Acquisitions Operations Management Ron Ellis BSc (Mining Eng) Cert Mine Manager 25 years experience Manager of Operating Mines Project Metallurgist Adrian Hall BSc (Extractive Metallurgy) 10 years experience Commissioned 4 Processing Facilities Manager of Plant Expansions 8

9 RK Mine Finance $2B Fund invested in Natural Resources & Major Metal Merchant 600,000 tpa Copper Trader into China alone 8.5% Equity Stake in MRP is Longterm Commitment Financial Partner to move to Production & Grow Business 9

10 Nimbus Historical Production Tonnes: 318,992 tonnes Average Grade: 352 g/t silver Production: 3.6 Moz silver Operating Cost: $6.54 / oz Average Sell Price: $9.07 / oz 2012 Price: $27-$37 / oz 12.5 Moz Silver Eq* & 34,300 tonnes Zinc 9 additional Ag and polymetallic deposits 10

11 Nimbus Video / New Gold Zone 54g/t Au

12 New Lens 4 and 54g/t Gold Intercept Discovery Pit 120g/t Ag 82g/t Ag 54.3g/t Au Ag Zn Lens g/t Au from 40m depth Extension to the Western Domain (Lens 4) Quartz vein association Separate from breccia associated Ag-rich mineralisation (Lens 4) Within a wide Ag-bearing alteration halo 12

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14 Yesterday s Announcement Sulphide intercepts include: 202g/t Ag-Eq* (139g/t Ag plus Credits) in NBRC203 from 176m; o Includes 328g/t Ag and 7.9% Zn from 177m; o Includes 164g/t Ag from 200m; 561g/t Ag-Eq (400g/t Ag plus Credits) in NBRC202 from 196m; o Includes 400g/t Ag and 8.7% zinc from 196m; 110g/t Ag in NBRC183 from 190m depth; Oxide intercepts include: 302g/t Ag-Eq (258g/t Ag plus Credits) in NBRC178 from 81m; 120g/t Ag in NBRC168 from 27m depth; 82g/t Ag in NBRC196 from 51m depth; 14

15 Massive Sulphides with grades up to 3200g/t Ag, 41% Zn, 14% Pb Corporate Update 21 August

16 First 3 Lenses being drilled Opportunities - 9 deposits - 50 lenses JORC Compliant Minerals Resource 12.5Moz Ag-Aq Mineral Resource Tonnes Grade Grade Ounces Ounces Category (g/t Ag) (g/t Ag-Eq*) Ag Ag-Eq* Measured 142, Moz 0.35Moz Indicated 1,053, Moz 5.36Moz Inferred 1,597, Moz 6.75Moz TOTAL 2,792, Moz 12.5Moz * Silver Equivalent - discounted to represent recoverable equivalent of silver ounces Corporate Update 21 August 2012 & 34,300 tonnes Zn, Au-Hg-Cu-Pb Credits 16

17 Indicated vs Inferred Resources 17

18 Future Resource Growth -260m RL Corporate Update 21 August

19 Existing Nimbus Process Plant Pregnant Leach Liquor Smelting ROM Stockpile Filtration Clarification Stockpile Crushing Plant Vacuum Deaeration Process Flowsheet Leaching Ball Mill Solid / Liquid id Separation 2012 Key Dates - CONSTRUCTION MILL May Jun Jul Aug Sep Oct Nov Dec 1 Start TSF3 Recommissioning & Permitting Process 2 Dig Test Pits for TSF3 & Commence RC Drilling Stg 1 3 Drill & Sample TSF1 Waste Rock & Tailings. RC Drilling Stg 1. Commence prelim design work MC. 4 RC Drilling Stg 1 complete & Stg 2 Commences. 5 RC Drilling Stg 2 Complete 6 Resource Update and Pit Optimisation. MC planning/tender work. Order Smidth MC (480ktpa). 7 TSF3 & MC construction commences 8 Modular MC Plant Dispatched 9 TSF3 commissioned. 10 Commence Open Pit Mining & Mine East Pit Tailings. Modular MC Plant arrives on site 11 Merrill Crowe Installation 12 Merrill Crowe Commission. Process Tailings 2013 May Jun Jul Aug Sep Oct Jan Feb Mar Apr Key Projects Met test work (oxide, transition, sulphides) Process water TSF 3 Mill construction Permitting TSF 3 Works approval DEC Mining proposal DMP Native vegetation clearing permit - DMP Nimbus Historical Production Tonnes: 318,992 tonnes Average Grade: 352 g/t silver Production: 3.6 Moz silver Operating Cost: 6.4/oz Average Sell Price: $9.07/oz 2012 Price: $27-$37/oz 12.5Moz Silver Eq* & 34.3KT Zinc 9 additional Ag & Polymetallic deposits

20 Road To Production Completed 2011 New powerline connected to State Grid 2011 Ball mill refurbished 2011 Purchased 1.6 MT crusher, 2nd mill, CIL In Progress 2012 New tailings storage facility 2013 Silver mill upgrade to 480Ktpa Existing Nimbus 180Ktpa Merrill Crowe Plant Planned 2014 Construction of sulphide plant 2014 Construction of gold circuit 20

21 Target Leading Silver Producer P r o d u c t i o n T a r g e t 2013 Mill Expansion 480ktpa 2014 Sulphide Plant Zinc Concentrate T a r g e t T a r g e t T a r g e t T a r g e t F u t u r e y e a r s Corporate Update 21 August

22 Pit Optimisation Studies Corporate Update 21 August

23 Nimbus Pit 1 $113M NPV - $9/oz Cost New Schedule Graph (Nimbus_July2012 > New Block Model > Original slope set > New Pit Shells > Ag $32/Oz with LG stockpiles) Tonne '000 Tonne '000 Grade Grade Grade Grade Grade Grade Open pit Open pit Tonne '000 input input Waste Strip input input input input input input cashflow cashflow Year processed Merril Crowe Concentrator tonne ratio AG AU CU HG PB ZN $'000 $'000 disc M T S i l v e r G r a d e g / t J u l y O p t i m i s e d P i t g / t 1 0 M T 8 M T 6 M T W a s t e O r e g / t g / t 4 M T 2 M T 5 0 g / t Y e a r 1 Y e a r 2 Y e a r 3 23

24 Nimbus Exploration Potential Corporate Update 21 August

25 Silver Resource Target 2 5 R e s o u r c e T a r g e t 2 0 T a r g e t R e s o u r c e J u n D e c M a r M a y J u l y T a r g e t R a n g e F u t u r e Y e a r s Corporate Update 21 August

26 Exploration Model Delivering Value VHMS vs Epithermal Bonanza Gold-Silver From Vearncombe / Kerrich 26

27 Exploration Upside Maiden silver resource Nimbus main zone 6 lenses being drilled 4 VHMS lenses at Nimbus (not yet classified) 9 other silver-zinc prospects 2012 drillout of Nimbus 2012 JORC resource updates Nimbus and Coolgardie 2012 commence drillout of Boorara gold and adjacent lenses 2013 commence drillout of other silver deposits 27

28 Boorara Gold Project 2km from Mill Corporate Update 21 August

29 Boorara Proposed Open Pit Corporate Update 21 August

30 Coolgardie Gold Project Coolgardie Gold Projects 50% upgrade in gold resources MacPhersons Pit 1 optimisation 76,000oz Tycho Pit 1 optimisation 43,000oz A-Cap Deeps Discovery 100% increase in tenement holding 30

31 Target Plan to Production Nimbus Silver-Gold-Zinc Mines New Merrill Crowe Expansion 2013 Pit cutbacks and tailings processing 8 Massive Sulphide lenses at Nimbus 9 other Silver-Zinc deposits on tenements Boorara Coolgardie Gold Projects Multiple deposits on Boorara Kanowna shear zones MacPhersons Optimised Pits and A-Cap Deeps Tycho pit optimisation and mine plan in progress 31

32 Strategic Achievements What have we achieved in 12 mths? Silver, Gold & Zinc mine acquisition Silver/Gold mill acquisition/refurbishment Silver Eq Moz $300M Gold koz $290M Zinc 0 35 kt $65M Value added in 12 mths $655M 44% Return to Shareholders Copper/nickel upside Gold Assets/Tenements increased 800% Road to Production 32

33 Key Assets Points of Difference Move to Producer Polymetallic Silver - Gold - Zinc ASX: MRP Price: 39 cents Mkt Cap: A$85m Nimbus Silver Bars 33

34 Competent Person Statement The information in this presentation that relates to mineral resources and exploration results is based on information compiled by Mr Morrie Goodz, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Morrie Goodz is a full time officer of MacPhersons Resources Ltd 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 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Goodz has given his consent to the inclusion in this presentation of the matters based on the information in the form and context in which it appears. 34

35 Additional Technical Information The following slides provide additional information not presented today. 35

36 Coolgardie Gold Project 36

37 MacPhersons Pit Optimisation 37

38 Tycho Pit Optimisation-Surface to 70m 38

39 Video Flyover (on-line) 39

40 Measured Resources & Oxide Outcrop Corporate Update 21 August

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