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NT MINERALS LIMITED AGM Information 2002
65450_rns_2002-12-01_39c43804-31c5-47d1-b343-f0a54b070cc3.pdf
AGM Information
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29 November 2002
The Manager Announcements Australia Stock Exchange Limited
ASX Code: BKS $(30 \text{ pages})$
Dear Sir,
PowerPoint Presentation at AGM
Please find attached a copy of the Power Point Presentation that was presented at Burdekin's AGM today.
For and on Behalf of BURDEKIN PACIFIC LIMITED
Susan J Field Company Secretary
Burdekin Pacific Limited ABN 66 059 326 519
Level 13 BGC Centre 28 The Esplanade Perth WA 6000 PO Box Z5037 St George's Tce Perth WA 6831 Telephone: +61 8 9322 6045 Facsimile: +61 9481 5557 Email: [email protected]
FIJI – attractive for doing business..
- Westminster system of government
- English speaking
- Australian based mining laws
- Australia is largest trading partner
- Australian Banks/clearing system
- History of successful gold mining EMPEROR
- Government fiscal incentives
- 4 hours from Sydney
- · Australian dollar cost structure
· UNDER-EXPLORED!
BURDEKIN- MCKINNON'S GOLD MINE NSW, 1995 42000
An efficient and successful mine run by an experienced management team
BURDEKIN PACIFIC LIMITED
Chairman & CEO - Gino Vitale (46), Experienced mining company executive, background in mine project finance (Standard Chartered Bank), successfully developed McKinnons Gold Mine NSW, ex Normandy Mining
Craig Rugless $-$ (52) Experienced Geologist and Geochemist, Petrologist, PhD in Fiji. Ex Homestake (USA), Anglo American, Ashton Mining. Discoveries: Mt Gibson, Panton Sill - northern anomaly (platinum). Non Executive
Craig Hall $-$ (36) Experienced mine and exploration geologist, Manager, Mt Kasi. Ex Dominion Mining, Rothschild consultant, Bannockburn mine development at McKinnons Mine NSW.
Rodney Williams - (56) experienced mine & exploration geologist, ex WMC, EZ, CSR and Ashton Mining; ore reserve modelling specialist Susan Field - (41) Manager, Corporate & Company Secretary. $\mathsf{A}$ Chartered Accountant, ex Ernst & Young - Gympie Gold Mines.
Mt KASI EXPLORATION HIGHLIGHTS
Presently have a 300,000 ounce resource. Near Mine (+/- 2 km) exploration:
Extension of Mineral Hill to the south, beyond design pit limits; Costean result of 14m at 21.7 g/t Au at Kasi South
2 km long MAGLAG anomaly south of Mineral Hill- undrilled target Includes Mbeti, Koroikovu prospects and CSAMT resistors near Nakoi Creek;
Gold values to 58.7g/t Au over altered, silicified and depth persistent bodies
Vuniroro Lailai:
shallow auger holes averaging 9.1 $g/t$ Au over a 50m x 30m area- undrilled; costean result - 2m $@$ l 20g/t
Waidamudamu:
- High Grade U/G workings from the 1930's
- Costean sampling returns of 12m at 5.9 g/t and 6m at 5.3 g/t Au
- 120m @ 12 g/t from drive sampling.
Kasi Cliff:
Drill intercept of 8m @4.36 g/t Au in system parallel to Mineral Hill.
The Slot - Strongly auriferous siliceous walls
Listen Ch
Looking towards the 'Glory Hole'. ROM pad auriferous siliceous ore
Mt KASI IN SUMMARY...
- Self funding Fijian gold project
- Sound political and commercial framework
- 12 month pay back
- Proven management track record
- 50,000+ oz pa production over 5 years
- Total costs A\$300/oz
- Low strip ratio 2.2:1
- A\$3m to fund:
- A\$1.0m drilling
- A\$0.6m feasibility
- Balance working capital