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DREADNOUGHT RESOURCES LTD — Investor Presentation 2014
Jun 5, 2014
64785_rns_2014-06-05_5f024cd0-c8e8-43ac-8854-68d1bdd6877b.pdf
Investor Presentation
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Investor Presentation June 2014
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Disclaimer
Forward Looking Statements
This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events as of the time of the release of this document. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, some of which are outside the control of Tychean Resources Limited, that could cause actual results to differ materially from such statements. Tychean Resources Limited makes no undertaking to subsequently update or revise the forward-looking statements made in this release to reflect events or circumstances after the date of this release, except as required by law.
Competent Person Statement
The information contained in this release that relates to exploration results, mineralisation and target generation is based on information compiled by Mr Matthew Svensson, who is a Member of the Australasian Institute of Geologists (MAIG) and a consulting geologist to the Company. As at the date of this release Mr Svensson has an interest in shares and options in the Company. Mr Svensson 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 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Svensson consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.
The following presentation contains previously announced exploration results from the following previous Tychean Resources Limited ASX announcements:
28 March 2014 - High grade gold in new results from Spargoville in WA
- 2 May 2014 - Spargoville (WA) Aircore Gold Resample Results
The Company is not aware of any new information or data that materially affects the information included in the current market announcement.
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2
Corporate Overview
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Capital Structure
Shares on Issue 1,501,510,783
Options
270,111,175
(Exercisable at $0.006 by 24 Sep 14)
Options
68,250,006
(Exercisable at $0.006 by 30 June 15)
Market Cap
$4.5M
(at $0.003 per share)
Cash
$0.6M
(as at 31 Mar 14)
12 Month Trading Range $0.002 - $0.008
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Capital structure shown following placement but prior to entitlements issue
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Board & Management
Chairman Bob Kennedy
Managing Director Joe Houldsworth
Non-Executive Director Ewan Vickery
Company Secretary Justin Nelson
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Trading History
0.009 45,000,000
0.008 40,000,000
0.007 35,000,000
0.006 30,000,000
0.005 25,000,000
0.004 20,000,000
0.003 15,000,000
0.002 10,000,000
0.001 5,000,000
0.000 0
Volume Price
Volume
Price (A$)
Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14
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Register Analysis
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Tychean Resources Limited Investor Presentation June 2014
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Investment Highlights
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Focused on large advanced exploration tenement package in the Eastern Goldfields with pipeline of drill ready targets
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Highly anomalous gold values identified at Spargoville Project with follow up AC drilling recently completed and RC drilling underway
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Significant supergene horizons open along strike at Valley Floor Prospect to be tested by further AC drilling
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Eastern Goldfields provides access to:
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Established infrastructure;
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Readily available workforce; and
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Abundance of toll milling options
Current Project Locations
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- Gold focused exploration package held in NT with farm-in deal secured
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Tychean Resources Limited Investor Presentation June 2014
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Spargoville Gold Project (100% gold rights)
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Large advanced exploration tenement package in the Eastern Goldfields with pipeline of drill ready targets
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■ Exploration tenement package covering ~11,440ha:
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27 granted Mining Leases;
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2 granted Exploration Licences;
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5 Prospecting Licences; and
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2 Miscellaneous Licences
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Encompasses previously mined, high grade Wattle Dam deposit
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Wattle Dam mine produced 880,000t @ 10.1 g/t Au for 286,000 ozs
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Tychean Resources Limited Investor Presentation June 2014
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Spargoville Gold Project (100% gold rights)
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Core Farm Paleochannel
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Completed RAB and Air Core drilling has identified highly anomalous gold values at the Core Farm prospect associated with base of transported cover, including
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1m @ 92.6g/t Au from 14m
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1m @ 51.1g/t Au from 16m
■ Programme comprising 165 Air Core holes for 3,021m recently completed to further evaluate potential
■ Assay results expected by mid June
■ Follow up drilling programme to be determined following analysis of assay results
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Tychean Resources Limited Investor Presentation June 2014
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Spargoville Gold Project (100% gold rights)
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RC Drilling comprising 28 holes for ~3,300m over 10 prospects – IN PROGRESS
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Current drilling to include testing results returned from recent Air Core drilling including
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1m @ 37.6g/t Au from 41m (Golden Orb South)
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3m @ 18.6g/t Au from 49m incl 1m @ 50.5g/t Au (Golden Orb South)
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13m @ 2.68g/t Au from 44m incl 1m @ 12.1g/t Au (Fugitive)
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1m @ 8.1g/t Au from 37m (Core Farm)
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Assay results expected by end of June
■ Follow up drilling programme to be determined following analysis of assay results
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Tychean Resources Limited Investor Presentation June 2014
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100% interest Valley Floor Project ( )
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Valley Floor Project located in Eastern Goldfields directly south of Kambalda
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Prospect covers exploration area of ~20km²
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Nearby Alpha Island Fault is the focus of the recent “Invincible” discovery by Goldfields
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Resource of 9.2Mt @ 4.5g/t Au for ~1.33Moz*
■ Project expanding with recent grant of E15/1399 and application for E15/1419 to southwest, along interpreted trend of Alpha Island Fault
- Goldfields Australia Q4 2013 and 2014 Year-End Results Presentation – 13 February 2014
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Tychean Resources Limited Investor Presentation June 2014
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100% interest Valley Floor Project ( )
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Significant supergene horizons identified from Air Core drilling programme completed in October 2013
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54 Air Core drill holes were completed for 3,747m at a drill spacing of 80m x 200m
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Drilling within the southern area intersected several anomalous intercepts within the Archaean sedimentary basement
■ Supergene horizons remain open along strike to the north and south
- Further Air Core drilling planned to further define and extend the supergene horizons planned for Q3 2014, prior to potential RC drilling campaign
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Tychean Resources Limited Investor Presentation June 2014
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Tanami Projects
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Farm-in and JV Agreement
- Ramelius Resources Ltd (ASX:RMS) to farm-in on a package of 2 EL’s and 6 ELA’s held by Tychean
■ Farm-in terms include:
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Ramelius to pay $50,000 cash upon execution of the agreement;
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Ramelius to commit to a minimum exploration expenditure of $100,000 within 2 years;
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Ramelius to earn an 85% interest in the project by exploration expenditure of $500,000 within 3 years;
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Tychean will be free carried until a decision to mine at which time it may elect to contribute it’s interest or convert to a 1.5% NSR Royalty
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Tychean Resources Limited Investor Presentation June 2014
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Summary & Forward Strategy
Spargoville
- Assay results from recently completed Air Core and current RC drilling to be interpreted with follow up drilling program to be planned targeting highest priority targets (subject to results received)
Valley Floor
- Air Core drilling program expected to commence in third quarter calendar year 2014 to further define and extend the supergene zone identified
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Tychean Resources Limited Investor Presentation June 2014
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Thank You Tychean Resources Ltd L3, 100 Pirie Street Adelaide, South Australia +61 8 7324 3195
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