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GENESIS RESOURCES LIMITED — Investor Presentation 2011
Nov 16, 2011
64980_rns_2011-11-16_7a1d7fcb-e57f-408f-9e92-19f1b83a27cc.pdf
Investor Presentation
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Genesis Resources Limited
Genesis Resources Limited
Genesis Resources Limited
Australia
- Portfolio of iron, gold, manganese & base metal (copper-zinc-silver) projects in the highly prospective Proterozoic and Phanerozoic metallogenic provinces of northern Australia
Macedonia
- Joint Venture over an advanced copper-gold project (Plavica) within Carpathian Volcanic Arc, a major epithermal province running through Eastern
Genesis Resources Limited
Plavica Project – Macedonia
7 exploration concession licences covering 185 km[2]
Located in the Kratovo District of NE Macedonia approx. 65km E of the Macedonian capital, Skopje
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Historic Roman gold mines in Carpathian Volcanic Arc
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Considered highly prospective for gold, copper and silver
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Genesis has JV with Sileks AD Kratovo (“Sileks”) & holds the right to acquire a 62% participating interest by sole funding exploration to completion of a final feasibility study
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Genesis is project manager
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Current Inferred Mineral Resource (JORC Code-compliant):
Genesis Resources Limited
Plavica Project – Macedonia Phase One drilling programme on the 1.65Moz Plavica Project
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Diamond drilling programme completed in 2011 for 2,842m
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Based on 4 holes drilled into the current resource area, drilling has supported earlier Yugoslav drill data
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Highlights include 72m @ 0.61 g/t Au + 10 g/t Ag and 45.1m @ 0.7% Cu, 0.52 g/t Au, 11.5 g/t Ag + 0.1% Mo
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Results still awaited on the remaining holes of the programme along zones of vughy silica alteration in the vicinity of Plavica Peak
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Current exploration programme to be concluded in Q4 2011
Genesis Resources Limited
Gladstone-Mount Millar Project
Exploration Licence EPM15771 Mining Lease Application MLA80166 Approx. 15 kilometres by road from port of Gladstone on east coast of central Queensland
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Historical manganese mine
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3D model of 1915 data infers an Exploration Target (**) of 35,000t to over 206,000t at 35-50% Mn remaining ore with mineralisation still open at depth
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Environmental Authority granted for Mount Millar Mine
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Scoping study – subject to sufficient resources, economically viable if mined in an open pit
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Helicopter VTEM electromagnetic survey undertaken in late 2010
Genesis Resources Limited
Alice Springs Cu-Au-Fe Project
Exploration Licence EL24817 Approx. 155 kilometres by road NE from Alice Springs in the Northern Territory
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Field mapping and reconnaissance undertaken to re-assess targets
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Significant copper, gold, silver & bismuth up to 5.8% Cu, 4.6% Bi, 27 g/t Ag and 0.7g/t Au (with visible malachite, chalcopyrite, chalcocite and chrysocola) found in Cadney Fault shear zone
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Cadney Fault shear zone consists of quartzcarbonate veins in sheared gneiss with a strike-length of over 10km
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Prospects on cross-cutting NE-striking faults also carry mineralisation
Genesis Resources Limited
Arltunga Cu-Au Project
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Exploration Licence EL25238
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Approx. 110 kilometres by road ENE from Alice Springs in the Northern Territory
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Encompasses most of the former Arltunga Goldfield mined in 1800’s to mid 1900’s
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High gold confirmed from widespread historical workings but generally with thin quartz veins which are of low interest in themselves
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However up to 29.2g/t Au discovered in chlorite schist which cross-cuts the lines of lode. The possibility of larger scale, shear-hosted gold deposits is being investigated
Genesis Resources Limited
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McArthur Mn Project Exploration Licence EL24814
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Approx. 850 kilometres SE of Darwin in the Northern Territory • Contains Masterton No2 manganese occurrence but drilling infers that the main, massive occurrences of manganese do not extend below about 5m in depth
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Results of detailed gravity survey nearby indicate possibility of buried massive manganese based on gravity contrast with surrounding limestone
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Genesis is seeking interest of a potential JV partner
Genesis Resources Limited
Pioneer Au Project
Exploration Licence EPM15619 Approx. 70 kilometres NW of Bundaberg in Queensland
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Prospective for gold, uranium and base metals with numerous historical gold workings
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Historical mining primarily focused on Pioneer Reef which produced 57 kg of gold at an average grade (recovered) of 23.31 g/t gold when mining stopped in the 1940’s
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Slightly magnetic pyrrhotite in samples from the Main Shaft suggest that a detailed ground magnetic survey may assist with exploration
Genesis Resources Limited
Technical Summary
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Portfolio of gold, manganese & base metal (copper-zincsilver) projects on exploration tenements totalling 1,741 km[2]
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Phase One drilling programme on the 1.65Moz Plavica Project in Macedonia has broadly confirmed previous Yugoslav drill results (awaiting further assays on new targets)
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Environmental Authority granted for proposed Mount Millar Mine near Gladstone in Queensland but mine planning dependent on confirming remaining manganese ore
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Alice Springs and Arltunga projects in Northern Territory contain good prospects for gold, iron & base metals with numerous historical gold workings
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Drilling programs planned in 2012 for Plavica, Mount Millar, Alice Springs and Arltunga
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Genesis is committed to the creation of shareholder value