RE: ASX Release Presentation Today at the Resources & Energy Symposium at Broken Hill, May 2012

Transcription

1 ASX Release RE: ASX Release Presentation Today at the Resources & Energy Symposium at Broken Hill, May 2012 Attached is the presentation to be given today by Managing Director, Mr Morrie Goodz, which will present new and recent details relating to: The current resource update; Preliminary pit optimisation study; Mill recommissioning; New third sulphide lens discovery; Ongoing aggressive exploration and mine development plans; and Tenement package growth for the Nimbus silver-gold-zinc project at Kalgoorlie and the Coolgardie goldnickel project. The RES 2012 Symposium at Broken Hill is a pre-eminent showcase of companies to the Australian investor and institutional markets. For more information on MacPhersons resources Limited and to subscribe for regular updates, please visit our website at or contact our Kalgoorlie office on or at info@mrpreources.com.au 1

2 RES Broken Hill Symposium May 2012

3 Disclaimer 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

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5 Corporate ASX Code: MRP ASX Listed: 24 December 2010 Ordinary Shares: 215 million Unlisted Options: 22 million Market Cap: A$75m at 35 cents Cash: A$11m Projects 100% Nimbus Silver-Gold-Zinc VHMS 100% Boorara/Coolgardie Gold Assets MRP XMM Substantial Shareholders Directors/Management: 37% 5

6 Bund Wall ~R3 Optimised Pit Model Nimbus Statistics (2007 by private company) 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: $30-$37 / oz (90 day range) 9.4 Moz Silver & 32,700 tonnes Zinc 6 9 additional Ag and polymetallic deposits

7 Nimbus Video

8 Our Opportunities 9 Deposits JORC Mineral Resource 9.4 Moz Ag Kt Zn Mineral Resource Category Tonnes Grade (g/t Ag) Ounces Ag Measured Stockpile 142, M Inferred Oxide 120, M Inferred Transitional 510, M Inferred Primary to 260m depth 1,690, M TOTAL 2,462, M KT Zinc

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11 Third VHMS Lens Potential In Progress 11

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13 Target Leading Silver Producer Current Mill Capacity 180ktpa 2013 Mill Expansion 480ktpa 2014 Sulphide Plant Zinc Conc 13

14 Nimbus Exploration Potential 14

15 Merged Big Pit on 2014 Zinc R10 / Pit shell 28 - $124M unpv $30/oz Ag - $ 91M unpv $35/oz Ag - $124M unpv $40/oz Ag - $151M unpv 2014 Zn/Ag - $240M unpv Third Lens Potential Pit 15

16 Silver Resource Target 16

17 Boorara Gold Project 17

18 Key Assets - Points of Difference Move to Producer Polymetallic Silver - Gold - Zinc ASX: MRP Price: 35 cents Mkt Cap: A$75m 18

19 Supporting Information The following slides provide supporting information

20 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 Geol), 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 4/6 processing facilities 20

21 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. 21

22 Elephant Country 22

23 Target Plan to Production Nimbus Silver-Gold-Zinc Mines Mill recommission 2012 New Merrill Crowe Q Pit cutbacks and tailings processing 9 Massive Sulphide VHMS lenses Boorara Coolgardie Gold Projects Tycho pit optimisation and mine plan MacPhersons JORC update Boorara Mt Monger shear zones 23

24 Discovery Pit 24

25 Silver Bars produced at Nimbus 25

26 Classified Resources Unclassified Resources g/t silver Potential to Increase Resources Along Strike to Discovery Pit 26

27 Measured Resource 27

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29 Third VHMS Lens 29

30 Nimbus Silver Pits Mining completed to top of supergene zone 3.6 million ounces silver at 352 g/t (11.4 oz/t silver or 9 g/t gold equiv) Ore was still exposed in all 4 leading pit faces and pit floor

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32 Boorara Proposed Open Pit Wireframes >350 g/t Silver Significant gold deposit within 2km of Nimbus 112g/t gold (incl 738g/t gold) 500m north of CAT 32

33 Coolgardie Gold Project 33

34 Coolgardie Gold Project 34

35 Pit Design Study Under Way Q Projects Tycho JORC Update Metallurgical Testwork Pit Model Study Tycho Pit Optimisation Complete MacP Drill Program February 2012 Corporate Update Blue and white blocks are classified resource

36 Video Flyover (on-line) 36