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Midwest
Economics
and
Resources
Summit,
Geraldton,
August
2012

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----- Start of picture text -----

Regulatory
and
Compliance
----- End of picture text -----

Disclaimer

This
presenta@on
contains
reference
to
certain
plans
of
Golden
West
Resources
Limited
which
may
or
may
not
be
achieved.
The
performance and
opera@ons
of
Golden
West
Resources
Limited
may
be
influenced
by
a
number
of
factors,
uncertain@es
and
con@ngencies
many
of
which
are outside
the
control
of
Golden
West
Resources
Limited
and
its
Directors,
staff
and
consultants.
Golden
West
Resources
Limited
makes
no undertaking
to
subsequently
update
or
revise
the
forward
looking
statements
made
in
this
release
to
reflect
events
or
circumstances
aLer
the date
of
this
release.

**Competent

Person’s
Statement**

The
informa@on
in
this
report
which
relates
to
Explora@on
Results,
Mineral
Resources
or
Ore
Reserves
is
based
on
informa@on
compiled
by
Mr Brian
Varndell,
a
Fellow
Member
of
the
Australasian
Ins@tute
of
Mining
&
Metallurgy
(“AusIMM”)
and
independent
consultant
to
the
Company. Mr
Varndell
is
an
employee
of
Al
Maynard
&
Associates
Pty
Ltd
and
has
many
years
of
experience
in
explora@on
and
mining
in
a
variety
of mineral
deposit
styles.
Mr
Varndell
has
sufficient
experience
which
is
relevant
to
the
style
of
mineralisa@on
and
type
of
deposit
under considera@on
and
to
the
ac@vity
which
he
is
undertaking
to
qualify
as
a
Competent
Person
as
defined
in
the
2004
Edi@on
of
the
“Australasian Code
for
repor@ng
of
Explora@on
Results,
Mineral
Resources
and
Ore
Reserves”.
Mr
Varndell
consents
to
inclusion
in
the
report
of
the
ma\ers based
on
his
informa@on
in
the
form
and
context
in
which
it
appears.

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----- Start of picture text -----

Corporate
Snapshot
----- End of picture text -----

Issued Securi6es	Issued Securi6es
Ordinary Shares (GWR)	192M
Issued Op@ons	25M

Major shareholders
Clifs Asian Pacifc Iron	13%
Fairstar Resources Ltd	12%
Wynnes Investment Holdings Ltd	11%
Joyful Winner Holding Ltd	11%
Hunan Valin Steel Co Ltd	8%

Capitalisa6on/cash	Capitalisa6on/cash
Market Cap ($0.30 per share (01/08/12)	A$58M
Cash (30/06/12)	A$25M

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----- Start of picture text -----

Board
&
Senior
Management
----- End of picture text -----

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**Gary

Lyons**

(Non-‐Execu6ve
Chairman)

20
years
experience;
MD
-‐
Heiniger
Groups
Aust.
Ops;
Non Execu@ve
Director
of
Anagen
Limited.

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**Tien

Seng
Law**

(Deputy
Chairman)

Malaysian
businessman;
Advisor
of
Jinan
Group;
Deputy Chairman
of
Hiap
Teck
Venture

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**Chin

An
Lau**

(Non-‐Execu6ve
Director)

Qualified
lawyer
and
owner
of
legal
prac@ce
Lau
Moghan
& Ee.

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Kong
Leng
Lee
(Jimmy) (Non-‐Execu6ve
Director)

34
years
mining
experience

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**Mick

Wilson**

(Execu6ve
Director
&
Explora6on
Manager)

25
years
explora@on
geologist
in
Australia
and
South
East
Asia

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**Craig

Ferrier**

(Execu6ve
General
Manager)

25
years
experience
in
managing
public
companies; Former
CFO
of
Aurox
and
Grange
Resources

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----- Start of picture text -----

Project
Interests
----- End of picture text -----

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§ Iron
Ore
Development
Project – Wiluna
West
Iron
Ore
§ Advanced
Gold
Project – Wiluna
West
Gold
§ Iron
Ore
Explora@on
Projects – Woodley
Iron
Project
– Earaheedy
Iron
Project
– Booylgoo
Iron
Project

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----- Start of picture text -----

Wiluna
West
Project
Overview
----- End of picture text -----

§ Tenement
holding
267km[2
]

§ Granted
mining
leases
over
main project
area

§ DSO
hema@te
Mineral
Resource Es@mate
of
130Mt
@
60%
Fe § DSO
hema@te
Mineral
Reserve Es@mate
of
69.2Mt
@
60.3%
Fe § Gold
Mineral
Resource
Es@mate of
3.5Mt
@
2.3g/t
for
258,000
oz

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**Iron Wiluna

West Ore**

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Wiluna
West
Iron
Ore

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----- Start of picture text -----

Status
Resources
and
Reserves
----- End of picture text -----

§ Resource
defini@on
drilling
largely
completed

§ JORC*
DSO
hema@te
Resource
of
130Mt

§ 69Mt
of
Proven
&
Probable
JORC
Reserves,
with
an
addi@onal 13Mt
of
Inferred
Resource
within
Reserve
pit
limits
(total
of 82Mt)

Conversion
of
Resources
to
Reserves
95%

*JORC
refers
to
the
Australasian
Code
for
Repor@ng
of
Explora@on
Results,
Mineral
Resources
and
Ore
Reserves
(The JORC
Code)
as
prepared
by
the
Joint
Ore
Reserves
Commi\ee
of
The
Australasian
Ins@tute
of
Mining
and
Metallurgy, Australian
Ins@tute
of
Geoscien@sts
and
Minerals
Council
of
Australia
(Effec@ve
17
December
2004)

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----- Start of picture text -----

JORC
Resources
&
Reserves
----- End of picture text -----

Classifca6on	Tonnes (Mt)	Fe (%)	SiO2 (%)	Al2O3 (%)	LOI (%)	P (%)
Measured	3.7	59.6	7.8	2.5	4.0	0.09
Indicated	77.2	60.3	7.4	2.4	3.6	0.05
Inferred	49.5	59.7	7.3	2.4	3.9	0.05
Total	130.3	60.0	7.4	2.4	3.6	0.06

Classifca6on	Tonnes (Mt)	Fe (%)	SiO2(%)	Al2O3 (%)	LOI (%)	P (%)
Proven	2.9	59.7	7.6	2.6	4.0	0.07
Probable	66.3	60.4	7.2	2.5	3.6	0.05
Total	69.2	60.3	7.2	2.5	3.6	0.05

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Development
Considera@ons
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§ Progressing

comple@on
of
Defini@ve
Feasibility
Study
(DFS)

Product
defini@on
and
marke@ng
Hydrology
Mine
planning
and
closure
plans

§ Port

selec@on

Timeframe
and
infrastructure
development

§ Pit-‐to-‐ship

logis@cs

Cost
efficient
for
transport
of
a
bulk
commodity
Capital
demands
and
scale
of
opera@ons

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----- Start of picture text -----

Infrastructure
Overview
----- End of picture text -----

§ Port

op@ons
include:

Geraldton
Esperance
Oakajee

§ Key

issues
rela@ve
to
each
op@on:

Access
and
tariff
arrangements
Transport
and
supply
chain
Development
pathway
and
@meline
Opera@ng
cost
and
capex
demands
Planning
horizons
extend
over
a
number of
years
and
likely
to
define
“development path”,
given
required
commitments
to deliver
large
scale
infrastructure
projects

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Short

Term
–
Unlocking
Immediate
Value

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----- Start of picture text -----

Tom Price
Paraburdoo Newman
GOLDEN WEST RESOURCES
WILUNA WEST IRON PROJECT
PROPOSED RAILWAY Jack Hill
Wiluna West to proposed Oakajee Port Meekatharra
WILUNA
Weld Range
Kalbarri TalleringPeak Mt. Richardson Mt. Magnet Mt. ForrestMt. Alfred LeonoraLaverton Leonora • Kalgoorlie-Boulder • EsperanceEXISTING RAILWAY
Oakajee proposed port GERALDTON Koolanooka Karara Mt. Mason
Port of Geraldton Windarling Menzies
Mt. Jackson
Koolyanobbing KALGOORLIE-BOLUDER
Coolgardie Kambalda
Merredin
Northam
PERTH Norseman
Bunbury
ESPERANCE
Port of Esperance
Albany
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Esperance

§ Planned
upgrade § Deep
water
port
–
Capesize
vessels § Sealed
road
from
Wiluna
to
Leonora § Railway
from
Leonora
to
Esperance § Railway
siding
at
Leonora
Capacity
Reserva@on Deed
in
place
§
or

Geraldton

§ Immediate
op@on § Exis@ng
mul@-‐user
port § Panamax
vessels
Road
from
Wiluna
to
Geraldton
§
Ultra
low
capex
op@on
§
Viable
immediate
op@on
§

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----- Start of picture text -----

Long
Term
----- End of picture text -----

§ Develop
a
large
scale
mining opera@on
at
the
Wiluna
West
project that
will:
Export
up
to
3Mtpa
iron
ore
out
of Esperance
Export
5-‐7Mtpa
iron
ore
out
of Oakajee
§ Unlock
value
from
Company’s Woodley,
Earaheedy
and
Booylgoo explora@on
projects
§ Con@nue
to
iden@fy
further
iron
ore opportuni@es

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Oakajee:

Future
Value

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----- Start of picture text -----

Marble Bar
Karratha
Tom Price
Paraburdoo Newman
GOLDEN WEST RESOURCES
WILUNA WEST IRON PROJECT
PROPOSED RAILWAY Jack Hill
Wiluna West to proposed Oakajee Port
Meekatharra
Weld Range WILUNA
Tallering
Kalbarri Peak Mt. Magnet Mt. Forrest EXISTING RAILWAY
Mt. Richardson Mt. Alfred Laverton Leonora • Kalgoorlie-Boulder • Esperance
Oakajee proposed port Karara Mt. Mason Leonora
GERALDTON Koolanooka Windarling
Port of Geraldton Menzies
Mt. Jackson
Koolyanobbing
KALGOORLIE-BOLUDER
Coolgardie Kambalda
Merredin
Northam
PERTH Norseman
Bunbury
ESPERANCE
Port of Esperance
Albany
----- End of picture text -----

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----- Start of picture text -----

Why
Oakajee?
----- End of picture text -----

Port	Spur or Road	Public Rail	Total	km = kilometres from Wiluna West Project site
Oakajee	230km	400km	630km
Esperance	320km	650km	970km

§ Part

of
long
term
development
strategy

§ Proposed

OPR
Development
model:

Phase
I
–
Port
45Mtpa,
Rail
75Mtpa
Rail
Oakajee
to
Weld
Range
§ Weld
Range
Hub
op@on:
Combined
load-‐out
and
processing
Opportunity
for
blending

§ GWR

Development

230km
of
new
rail/haul
road
from
Wiluna
West
to
Weld
Range
Planning
and
approvals
work
commenced
for
transport
corridor

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----- Start of picture text -----

Project
Status
-‐
Infrastructure
----- End of picture text -----

§ In
January
2012,
Western
Australian
State
Government
announced
inten@on to
upgrade
Esperance
Port
by
up
to
20Mtpa
§ Esperance
Mul@-‐User
Iron
Ore
Facility
(MIOUF)
market
sounding
adver@sed in
June
2012
–
@metable
set
for
consulta@on
with
private
sector.
Capacity Reserva@on
Deed
for
3Mtpa
signed
in
July
2012
§ Opportuni@es
exist
for
export
of
ore
via
the
Port
of
Geraldton,
with discussions
underway
§ Oakajee
remains
the
“pathway
of
choice”
for
large-‐scale
mining,
subject
to infrastructure
development,
@ming
and
tariff
structure
§ Work
commenced
on
planning
and
approvals
for
Weld
Range
transport corridor
as
part
of
long
term
development
ac@vi@es

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----- Start of picture text -----

Project
Status
-‐
Environment
----- End of picture text -----

§ Major
environmental
studies
complete

No
environmentally
sensi@ve
fauna
or
flora
species
No
hydrological
issues
No
show-‐stoppers
§ Mining
proposal
approval
received
for
1Mtpa
mine
opera@on at
the
high
grade
JWD
deposit

– Clearing
permit
granted
by
Department
of
Environment
and Conserva@on

§ Pursuing
large
scale
mining
approval
for
all
of
the
Wiluna
West project
area
–
referral
document
to
be
submi\ed
to
EPA
in 2012

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----- Start of picture text -----

Project
Status
-‐
Aboriginal
Heritage
----- End of picture text -----

§ Na@ve
Title
Mining
Agreement
executed

§ Archeological
and
ethnographic
surveys
largely
completed

§ Heritage
Management
Plan
well
advanced
No
indica@on
of
any
significant
ethnographic
or
archeological
sites
or issues
Comple@on
expected
in
2012

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**Wiluna

West
Gold**

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----- Start of picture text -----

Project
Overview
----- End of picture text -----

§ Aiming
to
commence
gold
mining
opera@ons
in
2012,
via
toll milling
arrangement
with
nearby
milling
facility

§ Wiluna
West
has
a
number
of
gold
deposits
with
a
combined Resource
of
3.5Mt
@
2.3g/t
Au
for
258,000
oz

§ Preliminary
infill
and
confirmatory
RC
drilling
at
the
Golden Monarch,
Iron
King
and
Bo\om
Camp
deposits
completed
in November
2011
(refer
ASX
release
30
January
2012)

§ Trial
parcel
of
1500
tonnes
of
stockpiled
ore
delivered
to Apex.
Toll
processing
agreement
for
trial
in
place

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**Wiluna

West
JWD
Mining
Approval**

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----- Start of picture text -----

JWD
Mining
Approval
----- End of picture text -----

§ John
William
Doutch
(JWD) high
grade
mining
proposal approved
by
Department
of Mines
and
Petroleum,
in April
2012

§ Clearing
permit
previously approved
by
Department
of Conserva@on
and Environment
§ 3
million
tonnes
@
1Mtpa

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JWD Mining Approval	JWD Mining Approval	JWD Mining Approval
JWD Hema6te Resource	Classifca6on Indicated	Tonnes (Mt) 6.3	Fe (%) 64.5	SiO2(%) 2.6	Al2O3(%) 1.6	LOI (%) 2.7	P (%) 0.03
Reported above a 50% Fe Cut-Of	Inferred	4.5	63.6	3.0	1.5	2.6	0.03
	Total	10.8	64.1	2.8	1.6	2.6	0.03

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----- Start of picture text -----

JWD
Mining
Approval
----- End of picture text -----

§ JWD
mine
development
planning
well advanced
§ Discussions
underway
with
interested par@es
in
rela@on
to
transport
and
port access
–
opportunity
for
shipment
via Geraldton
being
assessed
currently
§ In-‐fill
drilling
completed
August
2012
to support
mine
planning
§ Logis@cs
studies
being
finalised
§ Product
defini@on,
including
lump
ore test
work
with
CSIRO,
underway.
Sinter pot
test
work
to
follow

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----- Start of picture text -----

Regional
Explora@on
–
DSO
Iron
----- End of picture text -----

§ Ac@vely
pursuing
other
DSO
hema@te
projects
within
the
Midwest and
Yilgarn
regions
§ Company
well
funded
and
ideally
placed
to
pursue
acquisi@on opportuni@es
§ Woodley
DSO
hema@te
targets
iden@fied
Nemex
farm-‐in
agreement
-‐
$1M
spend
to
earn
85%
§ Earaheedy
Located
200km
north
east
of
Wiluna
in
the
Earaheedy
basin
Highly
prospec@ve
for
hema@te
and
manganese
deposits
§ Booylagoo
Springs
(12km[2
] )
Located
100km
south
of
Wiluna
West
project
Prospec@ve
for
hema@te
and
magne@te
deposits
§ Reviewing
other
opportuni@es

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----- Start of picture text -----

Regional
Explora@on
–
Woodley
----- End of picture text -----

§ DSO
hema@te
targets
iden@fied
§ Ini@al
GWR
mapping
and
rock
chip sample
results
iden@fied
widespread hema@te
and
geothite
mineralisa@on over
15km
strike
length
§ 70%
of
225
rock
chip
samples
collected had
grades

55%
Fe
§ RC
drilling
program
to
test
con@nuity
of surface
mineralisa@on
at
depth. Program
of
Work
submi\ed
to
Western Australian
Department
of
Mines
and Petroleum

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----- Start of picture text -----

Regional
Explora@on
–
Earaheedy
----- End of picture text -----

§ Earaheedy
basin
located
200km
north-‐ east
of
Wiluna
and
considered
highly prospec@ve
for
both
iron
and manganese
deposits
§ GWR
recently
acquired
1382km[2
]
§ Hema@te
geothite
mineralisa@on iden@fied
in
1970s
associated
with Frere
Forma@on
which
is
evident
on GWR
tenement
applica@ons
§ Es@mated
to
contain
approximately 45km
of
strike
§ Access
deed
terms
agreed
with
the Birriliburu
Na@ve
Title
holders

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Key

Project
Milestones

Milestone	Status	Complete
Na6ve Title Agreement	Jul 2010	
69 Mt Reserve	Aug 2011	
Small Mining Approval (JWD)	Apr 2012	
Esperance Capacity Reserva6on Deed	Jul 2012	
Esperance Port Upgrade	Aug 2012 – MUIOF Market Sounding underway
JWD Mine Development	2012 – Development program commenced
Major Mining Approval	Sep 2013 – In progress
Commencement of opera6ons	2013 – Pending port access
Full Mine Produc6on	2016 – Infrastructure dependent

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----- Start of picture text -----

Community
----- End of picture text -----

§ Significant
commitment
to community
by
GWR
§ 4[th] Annual
Wiluna
Martu
Eagles/ Dalkeith
Nedlands
Football weekend
held
in
Wiluna
and a\ended
by
WAFL
commissioners. Sponsored
by
GWR
and
nine
other local
resources
and
service companies
§ GWR
ac@vely
supports
programs directed
at
improving
indigenous educa@on
outcomes
through Clontarf
Aboriginal
College
and Rolemodels
Australia

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----- Start of picture text -----

Contact
Details
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Craig
Ferrier Execu@ve
General
Manager email: [email protected] mobile:
0417
183
269

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AI assistant

GWR GROUP LIMITED Investor Presentation 2012

65031_rns_2012-08-20_f9e9501f-c311-48c5-ad00-687d8dc5e012.pdf

Disclaimer

**Competent

**Gary

**Tien

**Chin

**Mick

**Craig

**Iron Wiluna

§ Progressing

§ Port

§ Pit-‐to-‐ship

§ Port

§ Key

Short

Esperance

Geraldton

Oakajee:

§ Part

§ Proposed

§ GWR

**Wiluna

**Wiluna

Key

AI assistant

GWR GROUP LIMITED — Investor Presentation 2012

65031_rns_2012-08-20_f9e9501f-c311-48c5-ad00-687d8dc5e012.pdf

Disclaimer

**Competent

**Gary

**Tien

**Chin

**Mick

**Craig

**Iron Wiluna

§ Progressing

§ Port

§ Pit-­‐to-­‐ship

§ Port

§ Key

Short

Esperance

Geraldton

Oakajee:

§ Part

§ Proposed

§ GWR

**Wiluna

**Wiluna

Key

More from GWR GROUP LIMITED

GWR GROUP LIMITED Investor Presentation 2012

§ Pit-‐to-‐ship