ASX Announcement Feasibility Progress Report Update September 2013

Transcription

1 ASX Announcement Feasibility Progress Report Update September 2013 MacPhersons Resources Limited (ASX:MRP) Managing Director, Morrie Goodz, is presenting a Feasibility Study Progress Update Report in September 2013, to various Commercial and Engineering firms. The presentation includes indicative ranges on capex/opex parameters, mine design models and mining schedules for the Nimbus open pit and underground silver-gold-zinc operations, and the Boorara MacPhersons gold operations. The presentation will update the Nimbus Boorara - MacPhersons projects and discussion on how proposed mining at Boorara & MacPhersons will take place concurrently with the development of the Nimbus silver open pit and underground operations of 1.1 million 297 g/t recovered silver-eq* (being 203g/t silver plus 94g/t silver-eq* from gold-zinc credits). The presentation highlights include: Mining schedule over 5.5 years; Concurrent mining of Nimbus Open Pit and Underground operations, followed by concurrent mining of Boorara and MacPhersons gold open pit operations; All in cash costs ranging between $12/oz to $16/oz silver and $600/oz to $1050/oz gold; and Silver and gold prices have increased by +20% and +12%, respectively, since the mine design model and schedule has been prepared. These are significant milestones for the Company and still the Nimbus, Boorara and MacPhersons projects have more exploration upside with mineralisation open along strike and at depth. For more information on MacPhersons Resources and to subscribe for regular updates, please visit our website at: or contact our Kalgoorlie office. (* see ASX announcements 25 th July 2013, 05 th and 07 th August 2013). ARI Europe Conference Update November 2012 MacPhersons Resources Managing Director, Morrie Goodz, is available for comment and can be contacted on The 3D-Flyover 1 video is available online at

2 East Pit Discovery Pit Feasibility Study Progress Update Report 09 September 2013

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 Feasibility Study Progress Report Completed Tasks 4

5 Feasibility Study Progress Report Mine Design Production Schedule 5

6 Feasibility Study Progress Report Inputs Cost Ranges 6

7 Feasibility Study Progress Report CAPEX Mining EPC 7

8 Premier Mining Location 258,000 8

9 Strategic Achievements Achievements in the last 20 months Silver, Gold & Zinc mine acquisition Silver/Gold mill acquisition/expansion 85,834m drilled; 365,314m in review Silver Eq Moz Gold Koz Zinc 0 65Kt Exploration Copper/Nickel upside Operations management team Road to production 9

10 Corporate ASX Code: MRP ASX Listed: December 2010 Ordinary Shares: 250 million Unlisted Options: 22 million Market Cap: A$50M (at 20 cents) Cash: A$6.4M (June 2013) Debt: Nil Projects 100% Nimbus Silver-Gold-Zinc VHMS 100% Boorara/Coolgardie Gold Assets Substantial Shareholders Directors/Management: 37% RK Mine Finance: 8.5% Management Ashok Parekh, Chairman Morrie Goodz, Managing Director Jeff Williams, Non-Exec Director Stephen Hewitt-Dutton, Co. Secretary Randell Ford, Operations Manager 10

11 Project Schedule SH 2013 FH 2014 SH 2014 Nimbus Mineral Resource Update Nimbus Mine Design and Ore Reserve Statement Boorara Mineral Resource Update Boorara Mine Design Completion of Mill Equipment Specs and Tender Documents Completion of Plant Build Tender Process Ongoing Metallurgical Testwork on Additional Lenses Review of Additional Concentrate Flowsheets Design of Concentrator Plant Delivery of Merrill-Crowe Plant Commence pre-strip and open pit mining Complete IWL and TSF3 construction Commissioning of Gravity and M-C Plant 11

12 Video Flyover 12

13 Grade is King Massive Sulphides DSO 3200g/t Ag, 41% Zn, 14% Pb 13

14 Multiple Massive Sulphide Lenses 14

15 Multiple Parallel Shoots 50m 15

16 New Mine Design Highest Grade Shoots OPEN and Not yet drilled ( g/t Ag) 16

17 46% Conversion Resources to Reserves g/t Ag-Eq = 10.8 Moz Silver-Eq Ore Reserves 17

18 The Next Step Indicated & Measured Green Blocks g/t Ag-Eq Measured & Indicated 18

19 OPEN High Grade Mineralisation >250g/t LensAg211 Discovery Pit 50m 19

20 Resource and Production Targets 20

21 Nimbus Mill Boorara Gold Project 1-2km from Nimbus Mill 1.1g/t Gold 260,000 oz Au JORC Maiden Resource 21

22 BODH m Stockwork with Vis Gold Mineralisation Open at Depth 22

23 TSF3 Boorara SSW Domain Dolerite Hosted Mt Charlotte Analogy 23

24 Exploration Upside Project Pipeline Diversification into Copper-Nickel Copper Potential analogies with the geology of nearby Golden Grove and Jaguar-Bentley mines support the high likelihood of copper-zinc-silver-gold feeder lenses being identified nearby. Nickel Potential both the Coolgardie and Golden Ridge tenements are at the northern extension of the Kambalda Nickel Dome and have known nickel occurrences drilling of these outcropping zones will be undertaken in

25 Points of Difference Grade is King (297g/t Ag-Eq) Move to Producer Polymetallic Silver - Gold - Zinc Copper - Nickel ASX Code: MRP Nimbus Silver Doré Bars 25

26 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. 26