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DEVELOP GLOBAL LIMITED — Investor Presentation 2008
Jun 26, 2008
64801_rns_2008-06-26_6bc4b214-2525-4429-8564-259ba4d56a77.pdf
Investor Presentation
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Positioned for Growth June 2008
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Disclaimer
This presentation has been prepared by Jutt Holdings Limited (“Jutt"). Information in this document has been derived from third parties and though Jutt believes it to be reliable as at the date of this document, Jutt makes no representation or warranty as to the accuracy, reliability or completeness of information in this document or for updating any information or correcting any error or omission which may become apparent after the document has been issued. To the extent permitted by law, Jutt and its officers, employees, related bodies corporate and agents (“Agents”) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Jutt and/or any of its Agents) for any loss or damage suffered by any person arising out of, or in connection with, any use or reliance on this presentation or information.
This presentation may contain forward-looking statements relating to the future performance of Jutt. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. Past performance may not reflect future potential performance.
All dollar figures are in Australian dollars unless otherwise indicated
All share price information is correct as of 26 June 2008
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Overview
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ASX-listed (ASX:JUT) junior base and precious metals exploration company
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Holds interests in three base metal projects in the Pilbara and Ravensthorpe regions of Western Australia
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Liberty-Indee Project (up to 90%)
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Tay Munglinup (earning 60%)
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Onslow Project (earning 51%)
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New discovery at Liberty-Indee has Jutt well positioned for rapid growth
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High-grade massive sulphide discovery at Liberty-Indee
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Emerging new Volcanogenic Massive Sulphide (VMS) Province
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Completion of $1.3m capital raising
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New Board appointment
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Key Numbers
�����������������
Quoted Securities
| Quoted Securities | |
|---|---|
| Shares Options (JUTO, ex $0.20, exp 31/07/09) |
65,173,730 34,784,237 |
| Options (JUTOA, ex $0.10, exp 15/06/09) | 18,293,433 |
| Unquoted Securities | |
| Options (various ex $0.10-$0.30) | 5,407,148 |
����������������
| Current Share Price ASX (26 June 2008) | $ | 0.15 | |
|---|---|---|---|
| Shares Outstanding | m | 65.2 | |
| Market Capitalisation (undiluted) | $m | 9.8 | |
| Cash | $m | 1.5 | |
| Total Debt | $m | 0.0 | |
| Net Cash | $m | 1.5 | |
| Enterprise Value (undiluted) | $m | 8.3 |
������������������������
| Number of Shares | Number of Shares | % Holding | |
|---|---|---|---|
| Argonaut | 6,490,167 | 9.96% | |
| Ayaz Khan Craig Burton |
4,735,498 4,177,048 |
7.27% 6.41% |
|
| Liberty Mining Corporation | 4,000,000 | 6.14% |
����������������
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12 Month Closing High (17 December 2007) $ 0.24
12 Month Closing Low (4 March 2008) $ 0.05
12 Month Closing Average $ 0.15
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$0.30 3.5
$0.25 3.0
2.5
$0.20
2.0
$0.15
1.5
$0.10
1.0
$0.05 0.5
$0.00 0.0
27-Apr-07 31-Aug-07 4-Jan-08 9-May-08
Share Price Volume (m)
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Board
Charles Morgan (Non-Executive Chairman)
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Over 20 years experience in equity capital markets
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Founder of Hercules Energy Pty Ltd, WildHorse Energy Limited, Grand Gulf Energy Limited, Matra Plc, Elixir Petroleum Limited, Nido Petroleum Limited, West Oil NL and Fusion Oil & Gas Plc
Ayaz Khan (Managing Director)
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Over 20 years experience in corporate and commercial ventures
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Worked as a private consultant in corporate and private client advisory roles
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Cyril Geach (Exploration Director)
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Over 23 years experience in domestic and international resources sector
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Founder of Quicksilver Resources NL, Carnegie Minerals NL and Livingstone Resources NL
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Michael Mulroney (Non-Executive Director)
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Over 27 years experience in the natural resource and finance sectors
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Previously held senior roles with Rothschild, has extensive experience in project development and financing
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Liberty-Indee Project
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Located 50 km south-east of Whim Creek
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Near to existing Straits Whim Creek copper operation
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Easy access to Karratha and Port Hedland
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Two EL’s covering total area of 243km[2]
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Jutt earning 70%
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Option to acquire a further 20% through cash and scrip
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Liberty-Indee Project
- Tenement area contains 3 historic mining areas
� Current focus is Copper Mine Hills area
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The History
� Previous mining at Evelyn between 1889 and 1907
- 59,845 tons of copper ore at 17.89% copper
� Limited exploration
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Aquitaine (1976-78) – anomalous geochem at Evelyn and Quarmby, drilled LG massive sulphides
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Freeport (1982) – coarse gold in stream sediments
� No systematic exploration of the area prior to Jutt
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VTEM survey defines 42 anomalies over 6 km corridor in mid -2007
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Initial drilling in Nov 2007 locates high grade massive sulphides at Evelyn
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JER06 – 10 metres 6.4% Cu, 3.2% Zn, 1.1% Pb, 61 g/t Ag 0.86 g/t Au
� Drilling at Evelyn intersects further high massive sulphide in Feb 2008
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JER 11 – 15 metres 1.8% Cu, 0.8% Zn, 0.2% Pb, 38 g/t Ag, 0.70 g/t Au
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JER 20 – 19 metres 2.6% Cu, 5.1% Zn, 0.5% Pb, 61 g/t Ag, 1.3 g/t Au
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New poly-metallic VMS (Cu-Zn-Pb-Au-Ag) discovery confirmed
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Volcanogenic Massive Sulphides
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Form at, or near, the seafloor through the focused discharge of hot, metal-rich fluids (black smokers)
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Close to 800 known VMS deposits worldwide, generally occur in clusters
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Range in size from 200,000 tonnes to giants
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Neves Corvo – over 270 Mt reserves with 8.5Mt contained metal
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Kidd Creek – 149 Mt reserve with 12.5Mt contained metal
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Can form large districts with large high value metal endowments
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Bathurst Camp – Canada
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Mt Lyell, Rosebery, Que River, Hellyer - Tasmania
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VMS – Golden Grove
FINANCIAL
| FINANCIAL | ||
|---|---|---|
| Golden Grove Operations | ||
| 2006 | 2007 | |
| Revenue | $568.3M | $494.9M |
| EBIT | $334.9M | $227.1M |
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Source: Oxiana 2008
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VMS – Teutonic Bore/Jaguar
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Source: Jabiru Company Reports
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42 Regional VTEM Anomalies
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Thin soil cover = Excellent response and real anomalies
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The Evelyn Discovery
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Fixed Loop EM (FLEM) and Down Hole EM (DHEM) surveys
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Defined broad series of conductors on strike
� Expanded target zone
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Strike length of approximately 900 metres
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Down plunge for up to 250 metres below surface.
� Conductor orientation is consistent with the plunge direction
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Potential target size +3Mt
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Twice the size of Jaguar
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Excellent grades indicated plus high precious metal credits
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Planned Drilling Targets
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Planned Drilling Targets
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900 metres strike length
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Current Program
� 2,500 metre RC drilling program underway
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Extend the existing mineralisation
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Provide an initial test of the modelled EM conductors.
� Follow-on diamond drilling program scheduled to commence on site in late July
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Provide detailed geological data around selected previously announced RC drill hole intercepts
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Deepen several existing holes that missed targets
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Test several new modelled EM conductors at depth
� Regional VTEM follow up
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Evaluating all 42 VTEM anomalies
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Only 25% complete – all have anomalous outcrop, 178 samples awaiting assays
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Next Target
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� Quarmby
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Outcropping gossans with old workings, several VTEM responses
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Aquitaine historical sampling – up to 7.5% Cu, 0.69% Zn, 4.6% Pb, 50 g/t Ag
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FLEM program expected to commence late July to fully define future drilling targets
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Tay Munglinup Project
� Jutt earning up to 80%
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Option to earn an initial 60%
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First right of refusal to acquire the vendors 20% equity (Minemakers 20% free carried to Aug 08)
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3 granted Exploration Licences covering 540km[2 ]
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Covers 120km of prospective extension of a fertile ultramafic sequence
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Maggie Hayes, Emily Ann located to the north
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~2,050 line km SkyTEM survey completed
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30 EM anomalies, potential Ni-Cu type targets
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Palaeodrainages have been identified within all 5 SkyTEM survey areas
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Anomalous uranium/thorium responses identified
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First pass bedrock drilling to commence shortly
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News Flow
� Liberty Indee Project
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Results from a 2,500m RC drilling program (July-August)
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Diamond drilling of deeper VTEM targets (August)
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Quarmby FTEM program (August)
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Regional follow up (Ongoing)
� Tay Munglinup
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Analysis of SkyTEM targets (Ongoing)
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Bedrock drilling of selective SkyTEM targets (July)
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Positioned for Growth
Excellent Assets �
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Discovery at Liberty-Indee
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Positioned in proven Nickel belt
Key Commodities �
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Poly Metallic + Precious metals
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New VMS province emerging
Significant Potential �
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Potential for multiple discoveries
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Untested gold and iron targets
� Value driven
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New supportive shareholders
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Strengthened team
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Market Cap $10M
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Aiming to be next Jabiru (Market cap +$300M)
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Contacts
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Ayaz Khan Michael Mulroney
Managing Director Non Executive Director
M: + 61 414 941 481 M: + 61 412 443 806
E: [email protected] E: [email protected]
General Enquiries
Level 1, 35 Richardson Street
West Perth WA 6005
T: +61 8 6424 9188
F: +61 8 9463 7836
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