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PRODIGY GOLD NL — AGM Information 2014
Nov 24, 2014
65615_rns_2014-11-24_450bb005-6257-44b4-8beb-c7f4dbb1639c.pdf
AGM Information
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ASX:ABU
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ASX ANNOUNCEMENT / MEDIA RELEASE
25 November 2014
Managing Director’s Address
Annual General Meeting 2014
Attached is a copy of the Managing Director’s Address to the Annual General Meeting of shareholders which is being held today at 2:00pm at BDO Audit (WA) Pty Ltd, 38 Station Street in Subiaco, Western Australia.
Signed
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Jutta Zimmermann Company Secretary
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Annual General Meeting Update
25 NOV 2014
AGM Presentation 25/11/2014
DISCLAIMER
This presentation has been prepared by ABM Resources NL (“ABM” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.
This presentation contains forecasts and forward looking information. Such forecasts and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. ABM has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, ABM makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, 03 NOV 2014 the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation.
You should not act or refrain from acting in reliance on this presentation material. This overview of ABM does not purport to be all inclusive or contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision.
TECHNICAL STATEMENT / COMPETENT PERSONS STATEMENT
The information in this announcement that relate to Exploration Results & Mineral Resources (announced previously and before 1st December 2013) is based on information compiled by Mr Darren Holden who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Holden is a full time employee of ABM Resources NL and 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 2004 edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr Holden consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.
The information in this announcement and Appendix B that relate to Exploration Results and Mineral Resources (announced post 1st December 2013) is based on information compiled by Mr Darren Holden and Mr John Ingram who are both Members of The Australasian Institute of Mining and Metallurgy. Mr Holden and Mr Ingram are full time employees of ABM Resources NL and have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr Holden and Mr Ingram consent to the inclusion in the documents of the matters based on this information in the form and context in which it appears.
The information in this report that relates to mining parameters, mine designs and costs is based on information compiled by Mr Brad Valiukas who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Valiukas is employed by BV Mining Pty Ltd and provides technical and management services to ABM Resources NL. Mr Valiukas has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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 Valiukas consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.
Refer to previous Company Press-Releases for full resource estimation details, drill hole details, and intercept calculations. A full list is provided in Appendix C.
AGM Presentation 25/11/2014
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| Board of Directors | Major Shareholders | Major Shareholders | 90% 80% 70% 90% 60% 8.9% |
|
|---|---|---|---|---|
| Dr Mike EtheridgeNon-Executive Chairman Mr Darren Holden Managing Director Mr Graeme SloanNon-Executive Director Mr Andrew Ferguson Non-Executive Director Dr Helen GarnettNon-Executive Director Mr Richard ProcterNon-Executive Director |
Top 5 Control ~49% Pacific Road Capital 19. |
|||
| APAC Resources Capital 15. J P Morgan Nominees 6. |
||||
| ~~Citicorp Nominees~~ ~~3.~~ HSBC Custody Nominees 2. Total 4 |
||||
| Senior Management | Capital Structure | |||
| Ms Jutta ZimmermannGM Corp / CFO / CS Mr Craig DawsonGeneral Manager Operations |
ASX Code | ABU | ||
| Shares on issue | 273M | |||
| Share options (22.5c) | 1 | 3.9M | ||
| Mr Brad ValiukasConsultant Mining Engineer Mr Pascal HillExploration Manager |
||||
| Cash | $13 | .5M* | ||
| Debt | $0** | |||
| Market Capitalisation(at 27 cents) | ||||
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*End of quarter September 2014
-
**ABM has no debt. ABM does have a bonding facility for environmental bonds with the ANZ and an undrawn $10M credit facility.
AGM Presentation 25/11/2014
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Completed trial mining at Old Pirate.
-
Completed grade-control and extensional drilling at Old Pirate.
-
Made new satellite high-grade discoveries to complement Old Pirate including:
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Old Glory with 6m @ 37.8g/t gold in drilling; and
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Vampire with up to 161g/t gold in newly discovered outcrop.
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Secured full scale processing plant with innovative lease-agreement on Coyote Gold Plant.
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Updated resource estimation at Old Pirate.
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Provided first full year of production guidance.
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Consolidated our land position further with acquisition of adjoining tenements.
Strong progress on technical and economic parameters of Old Pirate high-grade gold deposit and surrounds
AGM Presentation 25/11/2014
4
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Completed and received approval for the Environmental Impact Statements.
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Negotiated mining agreement with the traditional owners via CLC.
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Received granted mineral lease for 25 years.
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Completed additional environmental studies requested by NT DME.
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Waste rock characterisation.
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Hydrological base-line studies.
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Further flora / fauna work.
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Negotiated road transport agreements and import permits.
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Submitted the mine management plan (MMP).
Worked through the whole range of permits and regulatory conditions for developing a new mine-site in a remote area
AGM Presentation 25/11/2014
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Exploration – Unlocking the potential of the final frontier:
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Optioned the Suplejack project from Ord River Resources to bolster position in Northern
-
Tanami.
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Advanced regional targeting on ABM properties.
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Continued grass-roots exploration work at Lake Mackay (IGO alliance):
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Identified multiple new and large scale soil anomalies.
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Drilled 13 targets with ~10,000 metres of air-core drilling (assays pending).
-
-
Corporate
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Secured new cornerstone equity investor in Pacific Road Capital.
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Remained debt free.
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Completed consolidation of the shares on issue.
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Bolstered board with new directors with considerable corporate and mining experience.
Building a platform for discovery & growth
AGM Presentation 25/11/2014
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Twin Bonanza: 3.3 Moz global resources at low-discovery cost
(see Appendix B for details) 7
AGM Presentation 25/11/2014
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Buccaneer
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Wilsons Camp
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Western
Pilot Processing Plant
Limb
Central
Heartland
Zone Eastern Limb
OP South East Side
SE veins
View Looking West
Category Tonnes Gold Grade (g/t) Ounces Gold
Indicated Resource 820,000 8.5 225,000
Inferred Resource 880,000 14.7 410,000
Total 1,700,000 11.7 640,000
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High-grade from surface to >250m depth
AGM Presentation 25/11/2014
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| Point | Summary |
|---|---|
| New discovery | A new gold campwith no legacy |
| High grade | 640,000ounces @ 11.7g/t 5 times typical open pit grade in Australia |
| Trial Mining complete | 13 trial pitsup to 5 metres deep Excellent metallurgy |
| From surface open pits | Gold from surface, visible gold in outcropping veins |
| Plant secured | 240Ktpa Coyote Gold Plant* |
| Permits | EISapproved, Mineral Leasegranted Traditional Owner agreementsigned Mine Management Plansubmitted |
| Infrastructure | Water – Groundwater plentiful Power – Diesel generators Access – Via public roads |
| Upside potential |
New zones with surface assays up to161g/t gold New high-grade zoneat Old Glory South6m including @ 37.8g/t gold Buccaneer Porphyry>1 Moz @ 2.2g/t gold |
- subject to conditions precedent / finalisation of inspection.
Missed in the gold rush era
AGM Presentation 25/11/2014
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Mining dilution well controlled by visual geology.
Produced at higher grade than resource estimation.
Geological understanding greatly increased.
Exposing of system manages geological risk
AGM Presentation 25/11/2014
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~ 8100 tonnes processed
3454 ounces recovered
15.4g/t head grade
86% gravity only recovery
It worked!
AGM Presentation 25/11/2014
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240Ktpa CIL Plant located 77km haulage distance on existing roads.
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$2M per annum lease for up to 2 years with option to purchase for $3M.
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Fast-tracks ABM’s next stage open pit development.
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Reduces capital expenditure requirements.
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Reduces construction / commissioning risk.
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Delivers higher metallurgical recoveries (97 to 99%).
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Reduces environmental footprint at Old Pirate.
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Increases upside and optionality.
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Provides scalability and expansion capability for further discoveries and extensions. >60 prospects within a 90km radius.
Lower cost & lower risk entry
AGM Presentation 25/11/2014
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5 initial starter pits
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35m average depth
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~150,000 tonnes to be mined and processed in first year
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11g/t to 13g/t gold estimated head-grade
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~50,000 to 60,000 ounces gold to be produced
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~$690 to $790 per ounce operating costs
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~$750 to $870 per ounce AISC
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~$4.6M initial capital costs
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3D View SE of first year open pits
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Low cost starter pits
13
- Refer to release 30/09/2014 for details
AGM Presentation 25/11/2014
Compiled by Canaccord
Projected to be one of the highest grade / lowest cost gold projects 14 Refer to release 30/09/2014 for details
AGM Presentation 25/11/2014
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Mine Management Plan submitted and expected to be returned in early December.
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Coyote Plant inspection report and finalisation of pre-commissioning plan underway.
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Mining Contractor tender process underway.
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Depending on logistics*, 12 week commissioning period.
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Weeks 1 to 4 – Road-works, site establishment.
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Weeks 4 to 8 – Mining pre-strip (waste), Coyote preparation.
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Weeks 8 to 12 – Mining / stockpiling of ore and plant re-commissioning.
*The wet-season in this desert goes from December to April and depending on the amount of rain can have an affect on access and logistics. Subject to the final permitting, access and logistics ABM is readying itself to start ASAP.
Getting ready to go!
AGM Presentation 25/11/2014
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Extended open pit mine life
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Ore systems extend beyond first year pits along strike and deeper.
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First year mining to provide further insights into geological control, reconciliation and economic assessment of next expansion.
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New near surface high-grade zones such as Old Glory & Vampire.
Beyond open pits:
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Underground development studies?
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Integrate with higher grade parts of Buccaneer and other nearby discoveries?
“Staged Approach” – designed to reduce risk through staged capital and development expenditure whilst exposing the ore-system to increase understanding
AGM Presentation 25/11/2014
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>80 square kilometres of gold anomalism and 30+ targets.
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Vampire Port-Starboard
samples up to 161g/t gold 52m @ 0.32g/t
18m @ 0.59g/t
Syrene
gold porphyry
target
Corsair
1m @ 31.05g/t Casa
Cypress Discovery 2km anomaly 2km by 1km
26m @ 5.53g/ t anomaly in soil
7m @ 20.13g/t sampling
Bandit
1m @ 13.25g/t
Buccaneer
Caribbean Old Pirate 108g/t rock-chip
Discovery Porphyry Landlubber 640Koz
36m @ 2.06g/t
1.1Moz to Sediments /
5m @ 27.55g/t
assays up to 8g/t
2.67Moz
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Twin Bonanza – more than 80 sq km of anomalism
AGM Presentation 25/11/2014
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Intrusive related gold deposit.
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Footprint 650m x 550m (~70 football pitches).
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>100m wide mineralised zones.
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Metallurgical drilling complete, pending analysis.
| Category | Tonnes | Grade (g/t Au) top-cut |
Grade (g/t Au) uncut |
Ounces Gold top-cut |
Ounces gold uncut |
|---|---|---|---|---|---|
| Indicated | 7,117,000 | 2.00 | 2.25 | 458,500 | 515,300 |
| Inferred | 8,183,000 | 2.43 | 2.78 | 639,700 | 732,200 |
| Total | 15,300,000 | 2.23 | 2.54 | 1,098,200 | 1,247,500 |
Buccaneer HGZ model – View east (indicated resources blocks only, inferred not shown). Grey transparent area is 0.5g/t grade shell
Cypress 160Kt @ 11.35g/t for 56Koz Au open in all directions!
Large scale / bulk tonnage potential
AGM Presentation 25/11/2014
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Tanami Region
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Suplejack (ABM
Northern
option) (60Koz)
TAM (WA) Tanami
Hyperion
tenements (202Koz)
ABM
option Groundrush
Central Tanami (TAM)
(TAM) 1Moz
1Moz
Oberon
(Newmont)
>4Moz
Callie Granites
(Newmont) (Newmont)
>15Moz >1Moz
Coyote
Gold
Plant
Twin Bonanza
Old Pirate (640Koz)
Mallie
Buccaneer (1.1Moz)
WA NT Mineral occurrences Resource or mine with endowment
View North East
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Consolidated position in under-explored world-class belt 19
AGM Presentation 25/11/2014
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Lake Mackay >7000 sq km project.
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IGO - initial spend to earn right to enter JV.
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65 new gold anomalies identified in first soil sampling programs.
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First pass aircore drilling complete on 13 targets including Windermere (assays pending).
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Exploration upside without cost
AGM Presentation 25/11/2014
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Highest grade open pit development gold project in Australia.
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Staged development and capex.
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Plant already in place – Coyote agreement.
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Extensional exploration.
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Pipeline of future projects – Buccaneer, Hyperion, other targets.
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Consolidated land position in the final frontier for gold in Australia.
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Blue-sky upside – Lake Mackay (IGO funded) & ABM’s regional portfolio.
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No debt / strong cash position.
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Supportive shareholders.
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Good capital structure.
Optionality, Growth and Vision
AGM Presentation 25/11/2014
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For further information contact ABM Resources NL
Managing Director – Darren Holden CFO & GM Corporate – Jutta Zimmermann Chairman – Mike Etheridge
www.abmresources.com.au [email protected] Tel +61 8 9423 9777
AGM Presentation 25/11/2014
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Board of Directors
Dr Mike Etheridge Non-Executive Chairman
Mr Darren Holden Managing Director
Mr Graeme Sloan Non-Executive Director
Mr Andrew Ferguson Non-Executive Director
Dr Helen Garnett Non-Executive Director
Mr Richard Procter Non-Executive Director
Dr Etheridge is a geologist with over 40 years’ experience in exploration, mining, consulting and research. Until 2004 he was Chairman of the consulting firm SRK Consulting (Australia), having co-founded its predecessor, Etheridge Henley Williams in 1990. Dr Etheridge is a former board member on Consolidated Minerals and Lihir Gold and is currently Chairman of Clancy Exploration Ltd.
Mr Holden is a geologist with over 20 years experience in mining and exploration. Mr Holden has previously held the role of Senior Consultant & VP at Fractal Geoscience / Geoinformatics Exploration and was involved in modelling and targeting on a wide range of deposit styles. Mr Holden was a leading member of the team that won the GoldCorp Challenge in 2001.
Mr Sloan is a Mining Engineer with extensive corporate and operational experience both within Australia and overseas and is currently CEO of Herencia Resources PLC. He has held senior roles with several companies, and has been responsible for the successful development and commissioning of various projects over a range of different commodity types.
Mr Ferguson is an Executive Director and the Chief Executive Officer of APAC Resources Limited, a natural resources investment company listed on Hong Kong Stock Exchange. Mr Ferguson holds a Bachelor of Science Degree in Natural Resource Development and was a mining engineer in the mid 90's. He has a proven track record in fund management.
Dr Garnett is a resident of the Northern Territory and an accomplished director and leader. Dr Garnett has previously held the roles of Vice Chancellor of Charles Darwin University (2003 to 2008) where she still retains an Emeritus Professorship, and Chief Executive and Director of the Australian Nuclear Science and Technology Organisation (1993 to 2003).
Mr Procter is a mining engineer with 30 years of international experience, encompassing roles in the corporate, operations, contracting and mine development areas. Mr Procter has held senior industry positions demonstrating leadership and management of base and precious metal mining companies and development of feasibility studies and their conversion into mining operations.
Senior Management
Ms Jutta Zimmermann
General Manager Corporate CFO & Company Secretary
Mr Craig Dawson General Manager Operations
Ms Zimmermann is an accountant (Australian AQF diploma level) with over twenty five years of experience (Germany and Australia) in accounting, taxation and management. She holds a diploma in information technology (Australian bachelor degree level) from the Furtwangen Polytechnic and a graduate diploma in applied corporate governance.
Craig Dawson is a mining engineer with considerable mine development experience and expertise spanning three decades. Mr Dawson previously held the role of General Manager Operations with Sandfire Resources, where he led the successful development and commissioning of the DeGrussa Copper Project in Western Australia.
AGM Presentation 25/11/2014
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Old Pirate Resource Estimation September 2014
| Category | Tonnes | Gold Grade (g/t) | Ounces |
|---|---|---|---|
| Indicated Resource | 820,000 | 8.5 | 225,000 |
| Inferred Resource | 880,000 | 14.7 | 410,000 |
| Total | 1,700,000 | 11.7 | 640,000 |
*Note - totals may vary due to rounding.
| Production guidance based on grade-control models | Production guidance based on grade-control models |
|---|---|
| Processing year 1 | Production guidance |
| Estimated ore to be processed (t): | ~150,000 tonnes |
| Estimated head grade (Au g/t): | 11g/t to 13g/t gold |
| Estimated metallurgical recovery: | 97% |
| Estimated recovered ounces (Au): | 50,000 to 60,000 ounces |
Capital Cost Estimates
| Capital Costs-Old Pirate Mine | Pre-commissioning (AUD) |
|---|---|
| Access road upgrade: | $1.0M |
| Camp upgrade: | $0.4M |
| Site establishment: | $0.6M |
| Mining establishment: | $0.5M |
| Other costs Old Pirate: (1) | $0.6M |
| Sub-total Old Pirate Mine | $3.1M |
| Capital costs–Coyote Plant | Pre–commissioning (AUD) |
| Re-commissioning works: | $1.0M |
| First plant fills: | $0.3M |
Other costs Coyote: |
$0.2M |
| Sub–total Coyote Plant: | $1.5M |
| Total capital pre-commissioning (2) | $4.6M |
1. Other costs Old Pirate: includes costs for pre-production safety & environmental capital equipment, and rates and rents including statutory land-owner payments to traditional owners.
Refer release dated 30[th] September, 2014 for full details.
2. No contingency applied to total, however, ABM is applying a 15% contingency factor for internal budgeting purposes.
AGM Presentation 25/11/2014
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| Operating cost estimate | Operating cost estimate | Operating cost estimate |
|---|---|---|
| Operating costs | Per tonne of ore (AUD) | Per ounce recovered (AUD) |
| Mining:(1) | $130 | $320 to $380 |
| Haulage: | $20 | $45 to$55 |
| Processing: | $50 | $125 to$140 |
| G&A Old Pirate:(2 & 4) | $50 | $120 to $130 |
| G&A Coyote:(3) | $30 | $75 to $90 |
| Total | $280 | $690 to $790 |
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Includes pre-stripping of up to the first 5 metres of waste either side of the trial mine pits. As not all known mineralised zones were mined in the trial mine pits, some mineralisation will be contained in the pre-strip (normal recognition for pre-stripping would be included in capital estimates).
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G&A Old Pirate includes camp operating costs, flights, accommodation, logistics, safety and environment, rates and rents and traditional owner royalties.
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G&A Coyote includes camp operating costs, flights, accommodation, logistics, laboratory, safety and environment and rates and rents.
| All-in sustaining cost estimation compared to operating cost estimate | All-in sustaining cost estimation compared to operating cost estimate |
|---|---|
| Costs | Productionguidance(AUD) |
| Operatingcost estimate(as above) | $690 - $790 |
| All in sustainingcost:(1) | $750 - $870 |
- Includes operating costs + sustaining capital, maintenance, further delineation & extensional exploration.
AGM Presentation 25/11/2014
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| Buccaneer Higher Grade Zone Resource at 2g/t cut-off | Buccaneer Higher Grade Zone Resource at 2g/t cut-off | Buccaneer Higher Grade Zone Resource at 2g/t cut-off | Buccaneer Higher Grade Zone Resource at 2g/t cut-off | Buccaneer Higher Grade Zone Resource at 2g/t cut-off | Buccaneer Higher Grade Zone Resource at 2g/t cut-off |
|---|---|---|---|---|---|
| Category | Tonnes | Grade (g/t Au) top-cut |
Grade (g/t Au) uncut |
Ounces gold top-cut |
Ounces gold uncut |
| Indicated | 2,261,000 | 3.39 | 4.17 | 246,200 | 303,000 |
| Inferred | 3,573,000 | 3.75 | 4.56 | 431,100 | 523,500 |
| **Total ** | 5,834,000 | **3.61 ** | 4.41 | 677,300 | 826,500 |
| Buccaneer Higher Grade Zone Resources at 1g/t cut-off | Buccaneer Higher Grade Zone Resources at 1g/t cut-off | Buccaneer Higher Grade Zone Resources at 1g/t cut-off | Buccaneer Higher Grade Zone Resources at 1g/t cut-off | Buccaneer Higher Grade Zone Resources at 1g/t cut-off | Buccaneer Higher Grade Zone Resources at 1g/t cut-off |
|---|---|---|---|---|---|
| Category | Tonnes | Grade (g/t Au) top-cut |
Grade (g/t Au) uncut |
Ounces gold top-cut |
Ounces gold uncut |
| Indicated | 7,117,000 | 2.00 | 2.25 | 458,500 | 515,300 |
| Inferred | 8,183,000 | 2.43 | 2.78 | 639,700 | 732,200 |
| **Total ** | 15,300,000 | 2.23 | **2.54 ** | 1,098,200 | 1,247,500 |
| Buccaneer Bulk Tonnage Resource at 0.2g/t cut-off | Buccaneer Bulk Tonnage Resource at 0.2g/t cut-off | Buccaneer Bulk Tonnage Resource at 0.2g/t cut-off | Buccaneer Bulk Tonnage Resource at 0.2g/t cut-off |
|---|---|---|---|
| 0.2g/t cut off | Million tonnes | Gold (g/t) | Million ounces |
| Indicated | 34.0 | 0.64 | 0.702 |
| Inferred | 93.9 | 0.65 | 1.970 |
| Total | 127.9 | 0.65 | 2.672 |
*Note - totals may vary due to rounding. Refer press release 5[th] February 2013 and 16[th] April 2012 for details; Re-reported in 2013/14 annual report to be compliant with JORC 2012.
AGM Presentation 25/11/2014
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| Hyperion Gold Project Resource estimation without top-cut | Hyperion Gold Project Resource estimation without top-cut | Hyperion Gold Project Resource estimation without top-cut | Hyperion Gold Project Resource estimation without top-cut |
|---|---|---|---|
| 0.8g/t cut off | Tonnes | Gold (g/t) | Ounces |
| Hyperion Central | 2,209,000 | 2.14 | 152,100 |
| Hyperion South | 768,000 | 2.71 | 66,800 |
| Total | 2,977,000 | 2.29 | 219,000 |
| 2g/t cut-off | Tonnes | Gold (g/t) | Ounces |
| Hyperion Central | 875,000 | 3.36 | 94,400 |
| Hyperion South | 272,000 | 5.37 | 47,000 |
| Total | 1,147,000 | 3.83 | 141,400 |
| Hyperion Gold Project Resource estimation with 50g/t top-cut | Hyperion Gold Project Resource estimation with 50g/t top-cut | Hyperion Gold Project Resource estimation with 50g/t top-cut | Hyperion Gold Project Resource estimation with 50g/t top-cut |
|---|---|---|---|
| 0.8g/t cut off | Tonnes | Gold (g/t) | Ounces |
| Hyperion Central | 2,209,000 | 2.06 | 146,600 |
| Hyperion South | 768,000 | 2.25 | 55,500 |
| Total | 2,977,000 | 2.11 | 202,200 |
| 2g/t cut-off | Tonnes | Gold (g/t) | Ounces |
| Hyperion Central | 875,000 | 3.17 | 89,100 |
| Hyperion South | 272,000 | 4.08 | 35,700 |
| Total | 1,147,000 | 3.38 | 124,800 |
*Note - totals may vary due to rounding. Refer press release 16[th] April, 2012 for details. Re-reported in Annual Report 2013/14 to be compliant with JORC 2012.
AGM Presentation 25/11/2014
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List of ASX announcements relating to technical results in this presentation
Please refer for intercept calculation method, resource estimation, assay results and sampling techniques etc.
21/10/2014 Suplejack Option Provides Additional High-Grade Gold Targets
30/09/2014 Old Pirate Resources Estimation Update 29/07/2014 New Shallow High-Grade Zone intersected at Old Pirate 28/07/2014 Old Pirate High-Grade Gold Deposit Drilling Update 18/07/2014 High-Grade Assays up to 161g/t Gold from Vampire Prospect 07/07/2014 ABM Secures Coyote Plant for Treatment of Old Pirate Ore 25/06/2014 Update on Infill and Extensional Exploration at Old Pirate 14/05/2014 ABM Expands Footprint in Twin Bonanza Area 01/04/2014 Mineral Lease at Old Pirate Granted 25/02/2014 Trial Mining Update Geological and Grade Control Analysis 06/02/2014 65 Gold Anomalies Identified at Lake Mackay Project 12/12/2013 ABM Hits 3000 Ounce Target from Trial Mining 11/11/2013 Trial Processing Accelerates at the Old Pirate Gold Project 08/10/2013 Trial Mining and Processing Update at Old Pirate 18/09/2013 Trial Mining and Processing Update at Old Pirate 04/09/2013 Processing of High-Grade Material Underway at Old Pirate 16/08/2013 Trial Mining Continues and Commissioning of Plant Underway 01/08/2013 Trial Mining Update at Old Pirate High-Grade Gold Project 03/07/2013 Trial Mining & Processing Update at Old Pirate Gold Project 12/06/2013 Trial Mining & Processing Update at Old Pirate Gold Project 29/05/2013 More High-Grade Gold in New Zones Near Old Pirate 29/04/2013 Bandit Trend Near Old Pirate with Samples to 108g/t gold 09/04/2013 More High-Grade Gold at Old Pirate
18/03/2013 Trial Mining Permit Received for Old Pirate Gold Project 05/02/2013 Buccaneer Higher Grade Zones Establish Growth Pathway 04/02/2013 Significant Upgrade for Old Pirate sets ABM for Trial Mining 26/11/2012 Old Pirate Western Limb Widens with High-Grade at Depth 19/11/2012 New High Grade Veins Uncovered at Surface at Old Pirate 16/11/2012 First Results from Old Glory 19/10/2012 OP Western Limb Extends with Surface Sampling av. 52.3g/t 09/10/2012 Extensional Exploration Results with Assays up to156g/t Gold 02/10/2012 Golden Hind Spectacular Drill Intersections 42m @ 44g/t 17/09/2012 High-Grade Discovery Confirmed at Golden Hind 17m @ 29.43g/t 05/09/2012 Old Pirate Test Work – Exceptional gravity Gold Recovery 20/08/2012 Exploration Update Golden Hind and New Prospect 06/08/2012 High Grade Gold results from the Golden Hind Discovery 02/08/2012 Old Pirate High Grade Drill Results 5m @ 52.27g/t gold 01/08/2012 High Grade Gold Drill Results at Buccaneer 16/07/2012 Phase 3 Surface Vein Sampling Extends Old Pirate 15/06/2012 New High Grade Vein Uncovered at Old Pirate 09/07/2012 Phase 2 Surface Sampling on East Side Vein 28/06/2012 New Prospect with Coarse Visible Gold at Surface 14/06/2012 High Grade Gold Drill Results Extend Buccaneer 15/05/2012 Old Pirate Stage 1 Scoping Study Results 03/05/2012 2012 Exploration Season Underway 16/04/2012 3.3 Million Ounces Gold in Resources
AGM Presentation 25/11/2014
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