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DATELINE RESOURCES LIMITED — Investor Presentation 2016
Nov 29, 2016
64793_rns_2016-11-29_48917807-57d9-4cba-852f-56383f21bcfb.pdf
Investor Presentation
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Developing Historic Gold Mines in Colorado, USA Investor Presentation, November 30, 2016
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©2016, Dateline Resources Limited, All Rights Reserved
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Disclaimer & Cautionar Statement y
General
This presentation has been prepared for the consideration of interested parties for information purposes regarding Dateline Resources (DTR). The information in this presentation is based upon public information and on information provided by DTR and reflects prevailing conditions and views as of this date, all of which are accordingly subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of any information made available. The information contained in this presentation is of general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. Whilst the information presented and views expressed in this presentation have been prepared in good faith, Dateline accepts no responsibility or liability to any party in connection with such information or views.
Cautionary Statement
The information regarding projects described in this presentation may be based on exploration targets or conceptual plans. The potential quantity and grade of an exploration target is conceptual in nature, there has been insufficient exploration to determine a mineral resource and there is no certainty that further exploration work will result in the determination of mineral resources or that potentially economic quantities will be discovered.
Forward looking statements
Certain statements contained in this presentation, including information as to the future financial performance of the projects, are forward‐looking statements. Such forward‐looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward‐looking statements; and may include, among other things, statements regarding targets, estimates and assumptions in respect of production and prices, operating costs and results, capital expenditures, reserves and resources and anticipated flow rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. Dateline disclaims any intent or obligation to update any forward‐looking statements, whether as a result of new information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward‐looking statements. All forward‐looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward‐looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty therein.
©2016, Dateline Resources Limited, All Rights Reserved
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Developing the Historic Gold Links Mine in Colorado, USA
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Broken Ore in Stopes
Sacramento Vein
2150 Vein
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©2016, Dateline Resources Limited, All Rights Reserved
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Emer in Hi h Mar in Sustainable US Gold Producer g g g g
| Phase 1 Exploration and Assessment |
Phase 2 Early Production and Cash Flow |
Phase 3 Organic Growth |
|---|---|---|
| Confirm continuity and extent of high grade ore. Implement structural study to define ore controls on high grade. Confirm existence early production ore sources. |
Access known to broken and unmined ore stocks at Gold Links Project. Commission existing ore processing facility increasing capacity to 400 tpd. Commence access to enable immediate exploration potential and additional targets. |
Target > 500,000 ozs resource. Completed feasibility and engineering studies. Commence optimised gold production while expanding resource diversity. |
©2016, Dateline Resources Limited, All Rights Reserved
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Operating in Colorado, USA
Favourable Gold Producing Jurisdiction
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Attractive mining jurisdiction with established mining code in Colorado, USA
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Access to skilled labour in a proven mining district at Gunnison
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Mining well understood in Colorado and a strong services industry is established
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Long history of gold mining in prolific gold camps in Colorado
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USA compares favourably in terms of sovereign risk for gold mining
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©2016, Dateline Resources Limited, All Rights Reserved
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Historic Gold Links Mine – Colorado, USA
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Stoped Broken Ore
Sacramento Vein
2150 Vein
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Patented claims held in same family since acquisition in 1885
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No modern exploration nor mining
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Large mineralised system has produced significant high grade gold which is analogous to the Kundana System in Western Australia
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Existing historic mine and processing plant infrastructure in place (+600 acres)
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Gold discovered in 1879 in Gold Rush Creek, Colorado (2 main vein systems, Sacramento discovered in 1885 and 2150 in 1904)
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Gold Links Mine in Gunnison County, is located 320 km southwest of Denver
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©2016, Dateline Resources Limited, All Rights Reserved
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Potentially Analogous to the Kundana System
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Gold Links is a multiple vein system
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Open along strike and depth
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Define the real potential of the geological system using a systematic exploration process and modern leading edge technology
©2016, Dateline Resources Limited, All Rights Reserved
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Gold Links Project – Targeted Gold Expansion
Exploration of Historic Gold Mine in Progress
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No modern systematic exploration has been conducted on the property
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Surveying and 3D modelling now completed
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Six-hole drilling confirmation program to be completed by end February 2017
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Two holes from surface to twin historical high grade intercept and four from underground
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Adit access has been rehabilitated (stopes ~200m)
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©2016, Dateline Resources Limited, All Rights Reserved
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Ado tin a Proven Efficient Narrow Vein Minin Method p g g
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Selected / designed to minimise
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dilution. Minimum mining width <0.9m.
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Top down & continuous retreat
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Uphole benching with paste fill
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Cash cost expected to be in the range of US $ 250 to US $ 350 per tonne
Veins range from 10cm to >100cm ( Average 80cm )
©2016, Dateline Resources Limited, All Rights Reserved
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Summar of Develo ment Strate for Gold Links Mine y p gy
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Gold Links acquisition completed with significant exploration potential in a prolific gold district
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Early cash-flow opportunity from processing existing high grade ore sources
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Compelling geology being assessed across the 600+ acre (242 hectares) using modern exploration techniques
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Potential to significantly enhance resources by understanding ore controls at the historic high grade Gold Links Mine
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Acquisitions being assessed to support production at Gold Links
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An Emerging High Grade Gold Project in Colorado, USA
©2016, Dateline Resources Limited, All Rights Reserved
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Ac uirin Sooner Luck Strike Mine and Mill in Colorado q g y
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Lucky Strike acquisition terms preserve cash and provide a production solution
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Processing capacity to be increased from current 150tpd to 400tpd
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Dateline to control the only two milling facilities within 250km radius in Gunnison
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Early cash-flow opportunity by accessing broken ore from historical stopes at the Gold Links Mine and processing it at the Lucky Strike Mill.
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Expanded Gold Footprint with Sooner Lucky Strike Mill
©2016, Dateline Resources Limited, All Rights Reserved
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Existin Processin Plant – Earl Cash Flow O ortunit g g y pp y
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Simple metallurgical flow sheet - Crushing, grinding, flotation and thickening to produce a gold concentrate
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Initial output of 150tpd is expected, ramp up to ~400tpd with expansion
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Recoveries of 90% expected
©2016, Dateline Resources Limited, All Rights Reserved
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Cor orate Sna shot p p
Dateline Resources Limited ( ASX:DTR ) – Gold development company focused on near term production at the Gold Links Mine and expansion of its gold portfolio in Colorado, USA
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| Market Data | ||
|---|---|---|
| Shares Outstanding | 395.5m* | |
| Market Capitalisation($A) | $4.2m | |
| Options | 20m** | |
| Cash(A$) | $1.05m | |
| Debt (A$) | $0.1m |
*Diluted for potential acquisition of Sooner Lucky Strike Mine & Mill
**Exercise price of 4 cents each with expiry date of October 2019
| Major Shareholders | |
|---|---|
| MarkJohnson | 12.03% |
| SouthernCrossExploration | 40.5% |
| Gleneagle Nominees | 8.8% |
| TOTAL | 61.6% |
©2016, Dateline Resources Limited, All Rights Reserved
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Experienced Board & Management
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Mark Johnson AO, Chairman
Mr Johnson has worked in banking and corporate finance for more than forty years. He retired as Deputy Chairman of Macquarie Bank in mid 2007, and now divides his time between work in the private and public sectors. Mr Johnson is a senior adviser to Gresham Partners, chairman of Alinta Energy, and a director of Westfield Group. Mr Johnson was chairman of the Australian Financial Centre Taskforce, an Australian Government initiative directed towards ensuring efficiency and competitiveness in the financial services sector. Mr Johnson has been a director of a number of public companies, including Macquarie Group, AGL Energy, Pioneer International, GPG Plc, Santos and the Sydney Futures Exchange.
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Stephen Baghdadi, Executive Director
Mr Baghdadi has extensive experience in the resources sector, and since 1991 he has been a director of several ASX listed companies.
In 2014 he became the largest shareholder in ASX listed Southern Cross Exploration (ASX : SXX) and accepted the role of Executive Director.
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Greg Hall, Non-Executive Director
Mr Hall is an exploration geologist with over 40 years of international experience. From 1988-2005, he was employed by the Placer Dome group of companies, serving as Chief Geologist -World Wide during the last five years he was there. Placer Dome was later acquired by Barrick Gold Corporation in early 2006. Over the course of his illustrious career, Mr. Hall had a senior role in the discoveries of both Gold Field's Granny Smith mine and Rio Tinto's Yandi iron ore mine. In addition, he took part in the discoveries of Keringal and Wallaby in Australia's Eastern Goldfields, as well as the definition of AngloGold Ashanti's Sunrise gold mine.
Mr. Hall holds a Bachelor of Applied Science from the University of New South Wales, Australia.
©2016, Dateline Resources Limited, All Rights Reserved
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Experienced Board & Management
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David Woodall, Strategic and Technical Advisor
David is advising Dateline Resources in the technical and strategic development of the Gold Links Project. He has extensive international mining experience, with over 30 years’ experience in executive and senior leadership roles in the mining and resources industry working for some of the world’s largest mining companies including Newcrest Mining, Fortescue, Rio Tinto and Placer Dome in underground and open pit operations in gold, base metals and iron ore. David has a BSc in Mining Engineering from the Western Australian School of Mines, a Grad Dip in Business and a MSc in - Mineral Economics from Curtin University. He is a Member of the Australian Institute of Mining and Metallurgy, and a graduate member of the Australian Institute of Company Directors.
John Smith, Company Secretary
Mr Smith is a Fellow of CPA Australia and a Chartered Secretary with over 30 years experience in management of both private and public companies.
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Bob Gydesen
Bob has had a long involvement in the Colorado Mining and Civil works industries and is assisting Dateline in all rehabilitation and preparation works at the mines. Bob’s family were lease holders of the Gold Links Mine and have previously also owned the Lucky Strike leases. Bob’s involvement and understanding of the local community along with the assistance and loyalty of his team will be invaluable as we move the projects forward.
©2016, Dateline Resources Limited, All Rights Reserved
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Emer in Hi h Mar in Sustainable US Gold Producer g g g g
| Phase 1 Exploration and Assessment |
Phase 2 Early Production and Cash Flow |
Phase 3 Organic Growth |
|---|---|---|
| Confirm continuity and extent of high grade ore. Implement structural study to define ore controls on high grade. Confirm existence early production ore sources. |
Access known to broken and unmined ore stocks at Gold Links Project. Commission existing ore processing facility increasing capacity to 400 tpd. Commence access to enable immediate exploration potential and additional targets. |
Target > 500,000 ozs resource. Completed feasibility and engineering studies. Commence optimised gold production while expanding resource diversity. |
©2016, Dateline Resources Limited, All Rights Reserved
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©2016, Dateline Resources Limited, All Rights Reserved
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Contact
David Woodall, Strategic and Technical Advisor M: +61 (0) 428 878 488 E: [email protected]
Stephen Baghdadi – Director T: +61 (0)2 9375 2353 M: + 61 (0)408 909 090 E: [email protected] W: www.datelineresources.com.au
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©2016, Dateline Resources Limited, All Rights Reserved