13
Intrusive Related Gold System Portfolio (IRGS) Queensland, Australia

Gold 2013 Sydney - Signature Gold PRE:IPO

Embed Size (px)

DESCRIPTION

Investor Presentation at the Gold Investment Symposium in Sydney, 16-17 October 2013. Presentation given by Signature Gold's Managing Director, Brett Boynton.

Citation preview

Page 1: Gold 2013 Sydney - Signature Gold PRE:IPO

Intrusive Related Gold System Portfolio

(IRGS)

Queensland, Australia

Page 2: Gold 2013 Sydney - Signature Gold PRE:IPO

Disclaimer

Presentation

This presentation has been prepared by Signature Gold Limited (Signature) ABN 34 142 902 985 as a presentation of general

information about activities current at the date of the presentation. It is prepared in good faith based on Signature’s own

information and on data obtained from sources believed to be reliable. It is provided in summary format and does not purport

to be complete. Signature therefore gives no warranties as to the accuracy, reliability or completeness of the information

(except to the extent liability under statute cannot be excluded).

Certain statements in this presentation may constitute forward-looking statements. Such statements are inherently subject to

uncertainties as they may be affected by a variety of known and unknown risks, variables and other factors which could

cause actual values or results, performance or achievements to differ materially from anticipated results, implied values,

performance or achievements expressed, projected or implied in the statements. Signature gives no assurance that the

anticipated results, values, performance or achievements expressed or implied in those forward-looking statements (if any)

will be achieved. The presentation is general in nature and is not intended as financial advice or an investment

recommendation. Persons should obtain their own specific investment advice in respect of their particular needs, objectives

and financial circumstances. The presentation is proprietary to Signature and is not to be used for any other purpose without

Signature’s prior written consent.

Compliance Statement This presentation contains references to an Exploration Targets. Signature emphasises that the potential quantity and grade

of Exploration Targets is conceptual in nature and that there has been insufficient exploration to define any Mineral Resources

for this targets. It is also uncertain if further exploration will result in the determination of any Mineral Resources for these

targets.

2

Page 3: Gold 2013 Sydney - Signature Gold PRE:IPO

What do we have

› Location + scale + grade

• Location – Close to Rockhamton – surrounded by majors – big portfolio

• Scale – 3Moz+ hurdle creates option value

• Grade – Historic production and drilling to 150m depth grades 5-15g/t Au

› High calibre team - proven track record and we are doing it again

› $12m+ in ground spend – 20,000m drilling – hard data not speculation

› Portfolio strategy – 3Moz+ assets are tradable with the majors

3

Page 4: Gold 2013 Sydney - Signature Gold PRE:IPO

Location - Global IRGS setting

4

IRGS deposits globally are big – millions to tens of millions of ounces

Page 5: Gold 2013 Sydney - Signature Gold PRE:IPO

Location + Scale + Grade

5

› Material footprint:

• 1,250km2 100% owned

› We are not in the discovery

business…

• Geochem

• Geophysics

• Drilling

• Historic production

› Following high grade surface

mineralisation into large

scale feeder systems

› Targeting 3Moz+ at 50m-

300m depth

Prime location in recently recognised IRGS region with high profile neighbours

Page 6: Gold 2013 Sydney - Signature Gold PRE:IPO

Done it before – doing it again

John Hewson Chairman

Extensive and diverse

experience spanning

business, politics and

academia. Key previous

roles include Founding

Director Macquarie Bank,

Chairman ABN Amro,

Federal Opposition Leader

and Dean of MGSM.

Tony McLellan Independent Director

International business

leader with unparalleled

gold industry experience.

Key previous roles include

CEO Barrick Gold,

Chairman Felix Resources

(Yancoal), Chairman

Norton Gold (Zijin).

Brett Boynton Managing Director

Experienced Resources

Investment Banker, UBS

(London & New York),

Credit Suisse (Sydney),

FBR Capital.

Substantial M&A and asset

structuring/advisory

experience. Director Tellus

Holdings.

Peter Prentice Director

International mining

exploration and

engineering executive.

Founder and MD

Hargraves Resources

(TSR from IPO > 10x).

Project leader Ranger

Uranium 1, Ulan Coal.

High performance team with track record of shareholder value creation

6

Alexander Teluk Chief Operations Officer

Professional geologist with 45 years of experience in exploration and mining, corporate industry and government surveys.

Extensive knowledge of Queensland geology and one of the pioneers in exploration of Intrusion Related Gold Systems.

Bruce Fulton Executive Director

Significant Director

experience across ASX

listed resources companies.

Key roles have included

Chief Geologist Porgera

(then a top five global

producer >1Moz pa) and

senior roles with Dominion

Mining, Placer Dome and

Plutonic.

Page 7: Gold 2013 Sydney - Signature Gold PRE:IPO

New technology on old ground

Mt Cassidy

› Porphyry & Breccia IRGS veins / stockworks:

• Type example – KSM (Kerr-Sulphurets-Mitchell)

Canada (NW British Columbia) 28.5Moz Au

› Extensive surface footprint:

• 20km2 area of intense hydrothermal alteration

• 4,300 sample geochemistry program shows far outliers (significant anomalous gold) over coincident area

• Widespread historic workings produced gold at +15g/t Au (mill recovered)

› Intersections of +5g/t Au to 155m depth

› July 2013 SAM program

• confirmed mineralised dilation zone

• Potential resource +60Mt @ 2-3g/t = 4.5Moz

• Numerous high grade zones

• and

• 3 new under cover mineralised zones

7

Massive low level intrusion with mineralised dilation zone ready for depth testing

Page 8: Gold 2013 Sydney - Signature Gold PRE:IPO

Expanding on known mineralistion

8

Last Chance / Day Dawn

› IRGS sheeted vein swarm running to surface:

• Type Example – Nezhdaninskoe >35M oz Russian Magadan Province

› Previous shallow drilling: • 7 distinct sheeted veins • 200m mineralised zone tested • 1m @ 11.2g/t Au from 16m • 2m @ 6.7g/t Au from 67m

› July 2013 exploration

• Confirmed the source of mineralisation in known

veins

• Shown an extension of strike to 1000m+

• Shown depth extension beyond existing drilling

• Potential resource 35Mt @ 3g/t = 3.4Moz

• and…

• Identified a 2km extension of the vein corridor

Drill ready vein swarm with recently identified 2km extension to the corridor

Primary

intrusion

Satellite

Pluton

Satellite

Plutons

Vein swarm

extension area

Page 9: Gold 2013 Sydney - Signature Gold PRE:IPO

Building a low risk portfolio

9

Specimen Hill › Epithermal IRGS Veins & proximal Porphyry

• Type example - Caspiche: 20Moz+ Au Maricunga Belt Chile

› Massive multi-phase intrusion at intersection of 2 major faults: • Ideal ground preparation

• Large overlying area of Au & Cu soil anomalies

› Historic production of 8,000ozs @ up to 14g/t

Au

› Significant mineralisation intersected from

4200m of drilling over 500mx300m area: - Mineralisation at surface

- 64 Holes testing to ~200m

- 33m @ 2.78g/t Au

- 14m @ 11g/t Au

- 8m @ +18g/t Au

- Very high grade (40g/t+) elluvial gold

Drilling for grade – not discovery

Isometric view looking north

Magnetics showing intrusive draped with geochem

Page 10: Gold 2013 Sydney - Signature Gold PRE:IPO

What’s next?

10

Initial $3m Raise to fund primary target - 12 hole - +5,000m drilling program

Quarterly program Q1 Q2 Q3 Q4 Q5 Q6

TOTAL A$ A$ A$ A$ A$ A$

Drilling and Reporting 8,015,900 728,900 1,226,400 2,058,900 2,561,400 1,173,900 266,400

Geophysics 661,600 225,350 15,000 17,500 8,750 197,500 197,500

Geochemistry 350,000 105,000 175,000 - - - 70,000

Geology 132,500 17,500 40,000 15,000 50,000 10,000 -

Consultants 210,000 45,000 45,000 30,000 30,000 30,000 30,000

Equipment and Consumables 270,000 45,000 45,000 45,000 45,000 45,000 45,000

Corporate 360,000 60,000 60,000 60,000 60,000 60,000 60,000

Total 10,000,000 1,226,750 1,606,400 2,226,400 2,755,150 1,516,400 668,900

Cumulative Total 1,226,750 2,833,150 5,059,550 7,814,700 9,331,100 10,000,000

Page 11: Gold 2013 Sydney - Signature Gold PRE:IPO

Pro forma PE / IPO Capital Structure

11

Pre IPO Investment opportunity at cash value

• No outstanding options/warrants/convertibles – one class of plain vanilla equity

• Tightly held by founders, vendors and management

Date #

Shares Price Raise

Market

Cap New Investors

A$ A$ A$ Cumulative Holding

Vendors Mar-10 45m $0.20 $9.00m

Seed Jun-10 5m $0.05 $0.25m

Seed II Jan-11 25m $0.10 $2.50m

Pre - IPO Wholesale Dec-12 11m $0.15 $1.65m

Total currently on Issue (fully diluted) 86m* $0.15 $12.9m

Current Raise Nov-13 20m $0.15 $3m $16m 19%

Follow on Private or IPO Q1 14 25m $0.20 $5m $26m 34%

BFS preparation round Q4 14 8m $0.25+ $2m $35m 38%

Total pro Forma Shares on Issue 139m

Page 12: Gold 2013 Sydney - Signature Gold PRE:IPO

Summary

12

We are private and open to deal

› Location + scale + grade = high profit ounces

› High caliber team with proven track record

› Early mover advantage – prime tenure secured in

proven IRGS province

› Discoveries made – drilling known mineralised

systems with hard data backing

› Majors investing heavily in nearby projects,

driving asset inflation

› High activity work program with multiple projects

to BFS

› Portfolio based strategy – JV / farm out to build

balance sheet and crystalise shareholder value

early

Page 13: Gold 2013 Sydney - Signature Gold PRE:IPO

Brett Boynton – Managing Director

Tel: +61 2 9241 7665

Email: [email protected]

Suite 1, Level 5, 71 Macquarie St

Sydney, 2000 NSW