The Yamarna Gold Belt: A New High-Grade Gold Region Diggers & Dealers Diggers & Dealers August 2011
Disclaimer The purpose of this presentation is to provide general information about Gold Road Resources Limited (the Company ). Unless otherwise stated herein, the information in this presentation is based on the Company s own information and estimates. This presentation does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company. This presentation does not take into account the individual investment objectives, financial situation and particular needs of each of the Company s Shareholders. You may wish to seek independent financial and taxation advice before making any decision in respect of this presentation. Certain statements in the presentation are or may be forward-looking statements and represent the Company s intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results or the Company s future performance. These forward looking statements speak, and the presentation generally speaks, only at the date hereof. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks and uncertainties, and are necessarily based on assumptions, which may cause the Company s actual performance and results in future periods to differ materially from any express or implied estimates or projections. It is recognised that it is common practice for a company to comment on and discuss its exploration in terms of target size and type. All statements contained in this presentation by the Company which refer to the potential quantity and grade of the target is accompanied by a detailed explanation of the basis for the statement. The potential quantity and grade for the target is conceptual in nature and, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource. No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisers and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this document, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company is under no obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice. This presentation is not for distribution or transmission in or into, nor does it constitute an offer of securities for sale in, the United States, Canada, Japan, or in any jurisdiction where such distribution or offer is unlawful. The distribution of this presentation inotherjurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions. 1
Duelling Drill Rigs? 2
Yamarna Belt is a Major New Gold Region New high-grade gold region Discovery of numerous gold projects Five new gold discoveries in 15 months Two gold resources so far, exceeding 1M oz Grades up to 1,000 g/t gold (1kg/t or 32oz/t) Less than 1% of Yamarna explored so far Region previously un-explored Fast tracking towards gold production 33
Corporate Summary 12 month share price Directors $0.80 $0.70 $0.60 $0.50 $0.40 $0.30 $0.20 $0.10 $0.00 Ian Murray Ziggy Lubieniecki Russell Davis Kevin Hart Martin Pyle Executive Chairman Executive Director Non-exec Director (Founding) Non-exec and Company Sec. Non-exec Director Top Shareholders (%) HSBC Custody Nom* 9.2% Directors 7.0% Perth thselected dseafoods 35% 3.5% JP Morgan Nom 2.9% *Excludes director holding shown elsewhere Corporate snapshot ASX Code GOR Issued Shares (undiluted) 317M Share Price * $0.71 Average daily volume ~2.7M Market Cap * ~$225M Net Cash (30.06.11) $9.8M *26 July 2011 4
A Brand New Gold Region Yamarna is the fifth gold-rich shear- zone in world-class Yilgarn Craton Potential for multi-million ounce gold camp Gold Road is the first company to systematically explore Yamarna One of the un-explored greenstone belts in WA 5
Underexplored Region Geological Survey of WA Report, published Oct 2010 Key findings: Report underlines belief that Yamarna is a new gold region Yamarna Terrane greenstones are similar in age/character to Kalgoorlie Terrane (~2.6 Ba) Previously Yamarna thought to be younger and less prospective Exploration strategies effective for Kalgoorlie may prove best for Yamarna GSWA Terrane Map 6
About Yamarna Belt Tenements stretch 250km north from Tropicana Project Tropicana Project Current gold targets over 150km Many targets not yet drilled Prospective for numerous commodities but GOR focussed on gold Key exploration areas: 1. Central Bore 2. Attila 7
Key Exploration Areas CENTRAL BORE AREA High-grade grade gold prospects discovered since 2009: Central Bore Justinian Byzantium Hann Central Bore North Central Bore South ATTILA AREA Older gold projects Attila Alaric gold trend 33km long in extent Map of Yamarna prospects 8
Gold Resource Project (cut-off) Yamarna JORC Resource, March 2011 (Inferred, Indicated and Measured) 000t Grade g/t Au Ounces Au Central Bore (1.0g/t) 595 7.86 150,300 Attila (0.5g/t) 19,817 1.44 917,000 OVERALL 20,412 1.63 1,067,300 JORC resource exceeds 1 million ounces of gold Resource only includes Attila and Central Bore Projects Significant upside remains at Attila and Central Bore deposits All other gold projects not yet included in the resource 9
Long Section Central Bore Project Maiden Resource: 595,000 t @ 7.86g/t = 150,300 oz Au Includes Imperial Shoot Resource: 77,000 t @ 23.1g/t = 57,100 oz Au IMPERIAL SHOOT 800m 10
Central Bore & Justinian 11
Aggressive exploration Estimated drilling programme Aggressive ongoing drilling program 2012 250,000m Access to three drill rigs (2 x RC and 1 x RAB) plus GOR s auger rig 2011 150,000m000 Exploration focused on central targets Work also ongoing at regional targets 2010 2009 2008 2007 37,000m 12,700m 4,000m 7,300m Results include: 99% of holes intercepted mineralisation Very high-grades intersected - 10% of holes > 100g/t Au Abundant visible gold panned Highest intercept 1,000g/t Au 2006 8,100m 12
Rest of Yamarna Yamarna tenements are mostly un- explored But highly prospective gold prospects p Initial exploration occurring at Golden Sands and Dorothy Hills Granted State t Funding for regional exploration Massive pipeline of targets 13
Pipeline 2011 > 150,000m drilling program Justinian maiden resource Upgrade to Central Bore & Attila resource Maiden resources from new targets? Mining lease application Commencement of Scoping Study 2012 > 250,000m drilling program Further resource upgrades Underground / open pit mine mine plans 14
Put into perspective Recent discoveries within 2km x 3km area: Central Bore Justinian Hann Byzantium Central Bore North Central Bore South Parallel with 33km strike length of known mineralisation Within ~5,000km 2 total tenement holding 15
Recent Brokers / Research Reports Fat Prophets State One Diggers & Drillers Ambrian Helmsec Argonaut Minelife Bell Potter 16
Outstanding new high-grade gold discoveries New gold region: multiple gold targets identified Continued aggressive drilling in 2011 Potential for multi-million ounce gold camp 17
Current Mineral Resources Project Name (cut-off) 000t Central Bore Project (1.0g/t) Grade g/t Au Ounces Au 595 7.86 150,300 Inferred 238 4.78 36,600 Yamarna Belt s current JORC mineral resource inventory so far includes results from Attila and Central Bore Projects only Indicated 333 9.43 101,000 Measured 24 16.67 12,700 Attila Project (0.5g/t) 19,817 1.44 917,000 Inferred 7,117 1.41 322,000 Indicated 6,251 1.36 273,000 Measured 6,449 1.55 322,000 TOTAL 20,412 1.63 1,067,300 18
The information in this presentation which relates to Exploration Results or Mineral Resources is based on information compiled by Mr Ziggy Lubieniecki, the Executive Director of Gold Road Resources Limited, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Ziggy Lubieniecki 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 Ziggy Lubieniecki consents to the inclusion i in the presentation ti of the matters based on this information in the form and context in which it appears.