25
October 2016 www.landore.com BAM East Gold Prospect

BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

Page 1: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

O c t o b e r 2 0 1 6 w w w . l a n d o r e . c o m

B A M E a s t G o l d P r o s p e c t

Page 2: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

The information contained in this presentation (this "presentation") has been prepared Landore Resources Limited ("the Company") as at the date of thispresentation and is subject to updating, completion, revision, further verification and amendment without notice. This presentation is for generalinformation only and is the property of the Company. Making this presentation available in no circumstances whatsoever implies the existence of acommitment or contract by or with the Company, or any of its affiliated entities, or any of its or their respective subsidiaries, directors, officers,representatives, employees, advisers or agents for any purpose.

This presentation has not been approved by the United Kingdom Listing Authority under the Prospectus Rules (made under Part VI of the FinancialServices and Markets Act 2000 ("FSMA")) or otherwise, or by the London Stock Exchange plc. This presentation does not constitute or form part of anyoffer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with,or act as any inducement to enter into, any contract or commitment whatsoever. No reliance may be placed for any purpose whatsoever on theinformation or opinions contained in this presentation or on the completeness, accuracy or fairness thereof.

No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of the Company or its directors, officers,partners, employees, agents or advisers or any other person as to the accuracy or completeness of the information or opinions contained in thispresentation and no responsibility or liability is accepted by any of them for any such information or opinions or for any errors, omissions, misstatements,negligence or otherwise for any other communication written or otherwise. In addition, in issuing this presentation, the Company undertakes no obligationto update or to correct any inaccuracies which may become apparent in this presentation. Notwithstanding the aforesaid, nothing in this paragraph shallexclude liability for any undertaking, representation, warranty or other assurance made fraudulently.

The statements contained in this presentation may include "forward looking statements" that express expectations of future events or results. Allstatements based on future expectations rather than on historical facts are forward looking statements that involve a number of risks and uncertainties andthe Company cannot give assurance that such statements will prove to be correct. Any forward looking statements made by or on behalf of the Companyspeak only as of the date they are made. The Company gives no undertaking to update forward looking statements to reflect any changes in expectations,events, conditions or circumstances upon which such statements are made.

The presentation should not be considered a recommendation by the Company or any of its affiliated entities, or any of its or their respective subsidiaries,directors, officers, representatives, employees, advisers or agents in connection with any purchase of or subscription for securities of the Company.

This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state,country or other jurisdiction where such distribution or use would be contrary to law or regulation or which would require any registration or licensing withinsuch jurisdiction. In particular, this presentation should not be copied or distributed by recipients and should not be distributed by any means includingelectronic transmission, to persons with addresses in the United States of America, Canada, Australia, South Africa or Japan their possessions orterritories or to any citizens thereof, or to any corporation, partnership or such entity created or organised under the laws thereof. Any such distributioncontrary to the above could result in a violation of the laws of such countries.

This presentation is confidential and are being supplied to you solely for your information and may not be reproduced, re-distributed or passed to any otherperson or published in whole or in part for any purpose. By accepting receipt of this document, you agree to be bound by the limitations and restrictionsset out above.

October 2016

Landore Resources Ltd.

2

Important Notice

Page 3: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

Board of Directors and Management

Charles Wilkinson, Non-Executive ChairmanCharles Wilkinson is a solicitor who retired from Lawrence Graham LLP in March 2005. At Lawrence Graham he specialised in corporate finance and commercial law and advised mining companies. He is Chairman of Doric Nimrod Air One Limited and Doric Nimrod Air Three Limited, Non-Executive Director of Doric Nimrod Air Two Limited and Premier Energy and Water Trust Plc.

William Humphries, Chief Executive Officer and DirectorBill Humphries has over 45 years’ experience in the mining and civil engineering industries. From 1996 to 1998 he was General Manager of Sardinia Gold Mining SpA. From January 1999 to July 2002 he was Managing Director of Brancote Holdings Plc until its merger with Meridian Gold Inc. and was Managing Director of Patagonia Gold Plc since its inception in November 2000 until February 2015.

Richard Prickett, Finance DirectorRichard Prickett is a Chartered Accountant and has many years’ experience in corporate finance. He was Chairman of BrancoteHoldings Plc from 1995 until its merger with Meridian Gold Inc. in July 2002. He is a Non-Executive Director of City Natural Resources High Yield Trust Plc and Non-Executive Chairman of Asian Growth Properties Limited.

Helen Green, Non-Executive DirectorHelen Green is a Chartered Accountant and has been employed by Saffery Champness, a UK top 20 firm of Chartered Accountants, since 1984. She qualified as a Chartered Accountant in 1988, and became a partner in the London office in 1997. Since 2000 she has been based in the Guernsey office where she is the client liaison director responsible for trust and company administration.She is a Non-Executive Director of Acorn Income Fund Limited (of which she is Chairman), Henderson Diversified Income Limited, John Laing Infrastructure Fund Limited and City Natural Resources High Yield Trust Plc.

Michele Tuomi, V. P. Exploration and Director, Landore Resources Canada Inc.Michele Tuomi is a Professional Geologist with over 15 years mineral exploration experience in both private and public sectors and is a Qualified Person under Canadian National Instrument 43-101. She joined Landore’s exploration team in 2005 working mainly onthe development of Landore’s Flagship Junior lake property. In 2014 Ms. Tuomi was appointed to her current position of V.P. Exploration.

Landore Resources Ltd.

3

Board and Management

Page 4: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

Landore Properties - CanadaPolitically Secure and Mining Friendly

Junior Lake

Seeley Lake

West Graham

Miminiska Lake Lessard

QUEBEC

ONTARIO

NEWFOUNDLAND AND LABRADOR

USA

USA

Lake Superior

Thunder Bay

Sudbury

Toronto

Chibougamau

Montreal

Lake Huron

Hudson Bay

CANADA

USA

4

Page 5: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

Landore Gold PropertiesOntario: One of the Top Ten Mining Jurisdictions in the World

Junior Lake

Miminiska Lake

ONTARIO

Lake Superior

Thunder Bay

Sudbury

Toronto

5

Timmins

Red Lake

2

Kirkland Lake

Gold Mine Company 2015 Production (ounces of gold)

1 Red Lake Gold Mine

Goldcorp Inc. 375,700

2 MusselwhiteMine

Goldcorp Inc. 270,300

3 Hemlo Mine Barrick Gold Corp. 219,000

4 Detour Lake Gold Mine

Detour Gold Corp. 505,558

5 Hoyle PondMine

Goldcorp Inc. 140,553 (estimated)

6 Dome Mine Goldcorp Inc. –Porcupine Gold Mines

109,640 (estimated)

7 MacassaMine

Kirkland Lake Gold Inc. 102,957

8 Young-Davidson Mine

Alamos Gold Inc. 160,358

1

456

738

Page 6: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

Corporate Strategy

6

Focus on the highly prospective Junior Lake Property

Expansion of the existing B4-7 and VW compliant resources to +100,000 tonnes of Nickel Equivalent with objective to either develop in JV partnership or sell outright

Advance the newly-discovered BAM East Gold Prospect towards production through resource delineation and pre-feasibility studies

Sale or JV of non-core assets

Page 7: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

Junior Lake Property

7

Junior Lake

ONTARIOB4-7 Ni/Cu Deposit

VW Ni Deposit

Junior Lake Property

Mining Leases21-year renewable

mining, surface rights

22,700 Hectares

BAM East Gold ProspectBAM Gold Occurrence

Swole LithiumDespard Lithium

Tape Lake Lithium

Page 8: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect

8

Page 9: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect

9

Longitudinal Section – Gold Grade x Thickness

Page 10: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect

10

Longitudinal Section – Horizontal Thickness

Page 11: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect

11

Page 12: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect

12

Page 13: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect

13

Page 14: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect

14

Petrography - Processing

• Native Gold

• Both fine and coarse gold

• Not associated with sulphides

• Minimal silver content

• Simple processing path

• Maximum recovery

• Low CAPEX and OPEX

Page 15: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect

15

Potential Open Pit - Underground Operation

• Close to surface +30 metreswide gold mineralisation

• Consistent gold grades for 500 metres strike length, improving with depth

• Open to the east and west along strike and at depth

• Potential for the initial development to be progressed as a low cost, bulk tonnage, open pit operation

Page 16: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

16

Junior Lake ProjectPrepared for Development

Mining Leases

• 3 mining leases covering 3,676 hectares • 21 years renewable for further terms of

21 years

Landore has the right, subject to provisions of certain Acts and reservations, to:

• Sink shafts, excavations etc., for mining purposes

• Construct dams, reservoirs, railways, etc., as needed

• Erect buildings, machinery, furnaces, etc., as required and to treat ores

Baseline Studies

• Baseline surface water quality monitoring of area lakes and streams on-going since 2007

• Environmental Baseline study of Vegetation, Wildlife, Fish and Fish Habitat

• Bathymetry Study of Ketchikan Lake (adjacent to VW Deposit)

Performed since 2007 by Golder Associates Ltd.

Page 17: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

17

Landore signs updated Memorandum of Understanding (MOU) with Whitesand First Nation, 2012

And with

Animbiigoo Zaagi iganAnishinaabek (AZA) First Nation, 2013

Junior Lake ProjectSocially Responsible

Page 18: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

18

Junior Lake Project

Proposed Hydro Station Little Jackfish River Junior

Lake

Good road access

Abundant water

Proposed hydropower generating station (approx.20kms)

Canadian National Rail (approx. 13kms)

Thunder Bay port facilities

Infrastructure

Page 19: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

Junior Lake Project

19

Exploration Camp and Core Storage Yard

Page 20: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

BAM East Gold Prospect2016 - 2017 Proposed Work Plan

20

• 4,000 metre drilling program to expand the newly defined Central zone and to test highly prospective targets along the 2.7 km MM-7 geophysical trend

Q 4 2 0 1 6

• Continue drilling to further delineate resource

• Mineral Resource estimate scheduled for completion Q1 2017

• Metallurgical Studies

• Appoint project management

Q 1 / 2 2 0 1 7

Page 21: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

Junior Lake Nickel Project

21

Massive sulphide drill core, B4-7 Deposit

Works Completed Since Last Resource Update Late 2012Drilling• 23,300 metres diamond drilling (16,910

metres of which on B4-7, VW Deposits)Geophysics• Ground and borehole geophysics Studies• Geotechnical works, B4-7 open pit

optimization• Mineral potential investigation• Junior Lake geophysics review

Planned Works (Pending Favourable Market Conditions)• Update resource to include the above works• Pre-Feasibility Studies

NI 43-101 Compliant ResourceB4-7 33,248 tonnes at 1.24% NiEqVW 21,760 tonnes at 0.49% NiEq+B4-7 Exploration Target

~20,000 tonnes at ~1.24% NiEq

Page 22: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

Junior Lake Lithium

22

Occurrences

DespardLithium Occurrence

Swole Lake Lithium Occurrence Spodumene

bearing pegmatite: Discovered by Landore

Drill hole 0411-304 returning intersections of 1.12% Li2O over 3.1m and 1.14% Li2O over 8.8m.

The Tape Lake Lithium Occurrence Rock chip samples from one

pegmatite dyke returning 1.036%, 1.219% and 2.374% Li2O.

Page 23: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

MIMINISKA LAKE PROPERTY – GOLD

LESSARD PROPERTY – COPPER , ZINC, SILVER

• Exploration Target-503,000 tonnes at 5.34g/t for 86,357oz Au

Other Properties and Assets

• Inferred Resource (NI43-101 compliant)-740,000 tonnes at 1.88% Cu + 3.50% Zn + 38.62g/t Ag and 0.84g/t Au for a NSR value of US$206.52/t

• Indicated Resource (NI43-101 compliant) 84mlbs of Ni and 58 mlbs of Cu.

WEST GRAHAM PROPERTY – NICKEL, COPPER(Landore 30%)

23

Page 24: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

24

Issued number of shares : 700,488,001

Outstanding options: 57,850,000

Outstanding warrants: 1,830,000

Market capitalisation: £23.45 millionas at 31 October 2016

Landore Resources Ltd.Share Information

Page 25: BAM East Gold Prospect - Proactiveinvestors UK · 2018. 12. 8. · this presentation (this "presentation" ... Charles Wilkinson is a solicitor who retired from Lawrence Graham LLP

O c t o b e r 2 0 1 6 w w w . l a n d o r e . c o m

B A M E a s t G o l d P r o s p e c t