cautionary statement
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CAUTIONARY STATEMENTCAUTIONARY STATEMENTCAUTIONARY STATEMENTCAUTIONARY STATEMENT
THIS PRESENTATION CONTAINS “FORWARD-LOOKING INFORMATION” WHICH MAY INCLUDE, BUT IS NOT LIMITED TO, THIS PRESENTATION CONTAINS “FORWARD-LOOKING INFORMATION” WHICH MAY INCLUDE, BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCES OF NEW DAWN, THE STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCES OF NEW DAWN, THE MATERIAL MINERAL PROPERTIES, THE FUTURE SUPPLY, DEMAND, INVENTORY, PRODUCTION AND PRICE OF GOLD AND MATERIAL MINERAL PROPERTIES, THE FUTURE SUPPLY, DEMAND, INVENTORY, PRODUCTION AND PRICE OF GOLD AND OTHER PRECIOUS MINERALS, THE ESTIMATION OF MINERAL RESERVES AND RESOURCES, THE REALIZATION OF MINERAL OTHER PRECIOUS MINERALS, THE ESTIMATION OF MINERAL RESERVES AND RESOURCES, THE REALIZATION OF MINERAL RESERVE ESTIMATES, THE TIMING AND AMOUNT OF ESTIMATED FUTURE PRODUCTION, COSTS OF PRODUCTION, RESERVE ESTIMATES, THE TIMING AND AMOUNT OF ESTIMATED FUTURE PRODUCTION, COSTS OF PRODUCTION, CAPITAL, OPERATING AND EXPLORATION EXPENDITURES, DEVELOPMENT COSTS FOR THE MATERIAL MINERAL CAPITAL, OPERATING AND EXPLORATION EXPENDITURES, DEVELOPMENT COSTS FOR THE MATERIAL MINERAL PROPERTIES, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT REGULATION OF MINING OPERATIONS, PROPERTIES, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT REGULATION OF MINING OPERATIONS, ENVIRONMENTAL RISKS, RECLAMATION AND REHABILITATION EXPENSES, TITLE DISPUTES OR CLAIMS, LIMITATIONS OF ENVIRONMENTAL RISKS, RECLAMATION AND REHABILITATION EXPENSES, TITLE DISPUTES OR CLAIMS, LIMITATIONS OF INSURANCE COVERAGE AND THE TIMING AND POSSIBLE OUTCOME OF LITIGATION AND REGULATORY MATTERS. OFTEN, INSURANCE COVERAGE AND THE TIMING AND POSSIBLE OUTCOME OF LITIGATION AND REGULATORY MATTERS. OFTEN, BUT NOT ALWAYS, FORWARD-LOOKING INFORMATION STATEMENTS CAN BE IDENTIFIED BY THE USE OF WORDS SUCH BUT NOT ALWAYS, FORWARD-LOOKING INFORMATION STATEMENTS CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “PLANS”, “EXPECTS”, “IS EXPECTED”, “BUDGET”, “SCHEDULED”, “ESTIMATES”, “FORECASTS”, “INTENDS”, AS “PLANS”, “EXPECTS”, “IS EXPECTED”, “BUDGET”, “SCHEDULED”, “ESTIMATES”, “FORECASTS”, “INTENDS”, “ANTICIPATES”, OR “BELIEVES”, OR VARIATIONS (INCLUDING NEGATIVE VARIATIONS) OF SUCH WORDS AND PHRASES, “ANTICIPATES”, OR “BELIEVES”, OR VARIATIONS (INCLUDING NEGATIVE VARIATIONS) OF SUCH WORDS AND PHRASES, OR STATE THAT CERTAIN ACTIONS, EVENTS OR RESULTS “MAY”, “COULD”, “WOULD”, “MIGHT”, OR “WILL” BE TAKEN, OR STATE THAT CERTAIN ACTIONS, EVENTS OR RESULTS “MAY”, “COULD”, “WOULD”, “MIGHT”, OR “WILL” BE TAKEN, OCCUR OR BE ACHIEVED. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OCCUR OR BE ACHIEVED. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF NEW DAWN TO AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF NEW DAWN TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY THE FORWARD-LOOKING STATEMENTS. ALTHOUGH NEW DAWN HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS BY THE FORWARD-LOOKING STATEMENTS. ALTHOUGH NEW DAWN HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL ACTIONS, EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THAT COULD CAUSE ACTUAL ACTIONS, EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN FORWARD-LOOKING STATEMENTS, THERE MAY BE OTHER FACTORS THAT CAUSE ACTIONS, EVENTS OR RESULTS TO FORWARD-LOOKING STATEMENTS, THERE MAY BE OTHER FACTORS THAT CAUSE ACTIONS, EVENTS OR RESULTS TO DIFFER FROM THOSE ANTICIPATED, ESTIMATED OR INTENDED. FORWARD-LOOKING STATEMENTS CONTAINED HEREIN DIFFER FROM THOSE ANTICIPATED, ESTIMATED OR INTENDED. FORWARD-LOOKING STATEMENTS CONTAINED HEREIN ARE MADE AS OF THE DATE OF THIS PRESENTATION BASED ON THE OPINIONS AND ESTIMATES OF MANAGEMENT, AND ARE MADE AS OF THE DATE OF THIS PRESENTATION BASED ON THE OPINIONS AND ESTIMATES OF MANAGEMENT, AND NEW DAWN DISCLAIMS ANY OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT NEW DAWN DISCLAIMS ANY OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, ESTIMATES OR OPINIONS, FUTURE EVENTS OR RESULTS OR OTHERWISE, EXCEPT AS REQUIRED OF NEW INFORMATION, ESTIMATES OR OPINIONS, FUTURE EVENTS OR RESULTS OR OTHERWISE, EXCEPT AS REQUIRED BY APPLICABLE SECURITIES LEGISLATION. THERE CAN BE NO ASSURANCE THAT FORWARD-LOOKING STATEMENTS WILL BY APPLICABLE SECURITIES LEGISLATION. THERE CAN BE NO ASSURANCE THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. ACCORDINGLY, POTENTIAL INVESTORS SHOULD NOT PLACE UNDUE RELIANCE ON ANTICIPATED IN SUCH STATEMENTS. ACCORDINGLY, POTENTIAL INVESTORS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS. SCIENTIFIC AND TECHNICAL INFORMATION CONTAINED HEREIN HAS BEEN FORWARD-LOOKING STATEMENTS. SCIENTIFIC AND TECHNICAL INFORMATION CONTAINED HEREIN HAS BEEN REVIEWED BY MR. IAN R. SAUNDERS, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NEW DAWN MINING CORP., A REVIEWED BY MR. IAN R. SAUNDERS, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NEW DAWN MINING CORP., A QUALIFIED PERSON IN TERMS OF NI 43-101.QUALIFIED PERSON IN TERMS OF NI 43-101.
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FOCUSED, DRIVEN AND DETERMINED TO FOCUSED, DRIVEN AND DETERMINED TO BECOME A MAJOR GOLD PRODUCER IN BECOME A MAJOR GOLD PRODUCER IN
ZIMBABWEZIMBABWE
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Zimbabwe focused gold producer with three significant gold Zimbabwe focused gold producer with three significant gold
campscamps
Expanding substantial ‘in country’ existing gold assets and Expanding substantial ‘in country’ existing gold assets and
operationsoperations
Targeted objective is to reach consolidated annualized gold Targeted objective is to reach consolidated annualized gold
production of:production of:
50,000 to 60,000 ounces of gold within 18 to 24 months50,000 to 60,000 ounces of gold within 18 to 24 months
100,000 ounces of gold within 4 to 5 years100,000 ounces of gold within 4 to 5 years
Corporate Objective - Become a mid-tier gold producerCorporate Objective - Become a mid-tier gold producer
200,000 to 250,000 ounces of annualized gold production based on 200,000 to 250,000 ounces of annualized gold production based on
existing gold assets currently owned and operatedexisting gold assets currently owned and operated
INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS
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ZIMBABWE - COMPELLING INVESTMENT ZIMBABWE - COMPELLING INVESTMENT OPPORTUNITYOPPORTUNITY
ZIMBABWE - COMPELLING INVESTMENT ZIMBABWE - COMPELLING INVESTMENT OPPORTUNITYOPPORTUNITY
Exceptional opportunity present in ZimbabweExceptional opportunity present in Zimbabwe Excellent risk/reward compared to recent first world Excellent risk/reward compared to recent first world
experiencesexperiences Developing economies are growing much faster than first Developing economies are growing much faster than first
world economies world economies Emerging world no longer means just high risk – simply Emerging world no longer means just high risk – simply
higher rewards in an already volatile market higher rewards in an already volatile market Strong GDP growth forecasted - Zimbabwe is set to see the Strong GDP growth forecasted - Zimbabwe is set to see the
benefits of an emerging economy – previously the ‘bread basket benefits of an emerging economy – previously the ‘bread basket of Africa’of Africa’
Zimbabwe is geologically rich – under-developed – under-Zimbabwe is geologically rich – under-developed – under-exploredexplored
Large opportunity for exploration, including past gold producing Large opportunity for exploration, including past gold producing mines with new capital and current technologymines with new capital and current technology
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”“Government has no intention of expropriating the
mining industry. No mine has been nationalized since independence. The record speaks for itself.- President Mugabe,
ZimbabweThe Herald, June 3, 2010
INDIGENIZATION AND THE CHAMBER OF MINESINDIGENIZATION AND THE CHAMBER OF MINESINDIGENIZATION AND THE CHAMBER OF MINESINDIGENIZATION AND THE CHAMBER OF MINES
Indigenization Economic Empowerment ‘IEE’ Indigenization Economic Empowerment ‘IEE’ requires foreign firms to have at least 51% requires foreign firms to have at least 51% shareholding by local Zimbabweansshareholding by local Zimbabweans Chamber of Mines suggests indigenous investors in the Chamber of Mines suggests indigenous investors in the
sector should hold a minimum of 15% in foreign-owned sector should hold a minimum of 15% in foreign-owned mines mines
Balance to make up 51% to be comprised of equity Balance to make up 51% to be comprised of equity equivalentsequivalentsIndigenization regulations are being formulated and once Indigenization regulations are being formulated and once
established will bring certainty to the marketestablished will bring certainty to the market
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PRODUCTION EXPANSION• Profitable Turk Mine• Current Production – 15,000 oz
Au/annum• 35,000 to 50,000 oz potential• Cash costs: US$653 per oz (F-
Q3) • Large independently audited
gold resource• 20+ year mine life
EXPLORATION•3 new zones being drilled at Turk Mine•Ultimus - RBK claims optioned by New Dawn•Dalny, Golden Quarry, Camperdown held in CAG
CONSOLIDATION/ACQUISITION• Acquired 89% of Central
African Gold Plc ‘CAG’• Now owns a major gold mining
operation in Zimbabwe• Economies of scale (3
significant gold camps)• Adds significant exploration
lands with Blue Sky potential
THREE PHASE GROWTH STRATEGYTHREE PHASE GROWTH STRATEGYTHREE PHASE GROWTH STRATEGYTHREE PHASE GROWTH STRATEGY
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TURK AND ANGELUS MINES
89% CONTROLLING
INTEREST100% OWNERSHIP
100%
OWNERSHIPOLYMPUS GOLD MINES LTD.
•Old Nic• Camperdown
85% OWNERS
HIP
FALCON GOLD ZIMBABWE LTD.
• Dalny• Golden Quarry (current processing plant for Camperdown)• Venice (dump)
CORPORATE STRUCTURECORPORATE STRUCTURECORPORATE STRUCTURECORPORATE STRUCTURE
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BULAWAYO GOLD CAMPBULAWAYO GOLD CAMP
GWERU GOLD CAMPGWERU GOLD CAMP
KADOMA GOLD CAMPKADOMA GOLD CAMP
LOCATION MAPLOCATION MAPLOCATION MAPLOCATION MAP
MAJOR TOWNS
MAJOR GOLD MINES (<10000KG AU)CAG MINES
NEW DAWN MINE
HWANGEHWANGE
BULAWAYBULAWAYOO
KARIBAKARIBA
HARAREHARARE
MUTAREMUTARE
GWERUGWERU
BEITBRIDGBEITBRIDGEE
Old Nic Old Nic MineMine
Camperdown Camperdown MineMine
Golden Quarry Golden Quarry MineMine
Venice MineVenice Mine
Dalny MineDalny Mine
THREE SIGNIFICANT GOLD CAMPS WITHIN A 300KM RADIUS THREE SIGNIFICANT GOLD CAMPS WITHIN A 300KM RADIUS
Turk and Turk and Angelus MineAngelus Mine
GREENSTONE BELTS
LEGENDLEGEND
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TURK AND ANGELUSTURK AND ANGELUS DALNYDALNY
OLD NICOLD NIC
CAMPERDOWNCAMPERDOWN
GOLDEN QUARRYGOLDEN QUARRY VENICEVENICE
A PORTFOLIO OF MINES IN THREE SIGNIFICANT GOLD CAMPS A PORTFOLIO OF MINES IN THREE SIGNIFICANT GOLD CAMPS
GOLD MINING OPERATIONS IN ZIMBABWEGOLD MINING OPERATIONS IN ZIMBABWEGOLD MINING OPERATIONS IN ZIMBABWEGOLD MINING OPERATIONS IN ZIMBABWE
GWERU GOLD CAMPGWERU GOLD CAMP KADOMA GOLD CAMPKADOMA GOLD CAMPBULAWAYO GOLD BULAWAYO GOLD CAMPCAMP
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15,00015,000
CURRENT PRODUCTIO
N
50,000 – 50,000 – 60,00060,000
100,000100,000
18 TO 24
MONTHS
4 TO 5 YEARS
LONG-TERM
OBJECTIVE
200,000 – 200,000 – 250,000250,000
TARGETED GROWTH OF ANNUALIZED GOLD TARGETED GROWTH OF ANNUALIZED GOLD PRODUCTIONPRODUCTION
TARGETED GROWTH OF ANNUALIZED GOLD TARGETED GROWTH OF ANNUALIZED GOLD PRODUCTIONPRODUCTION
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Ian R. Saunders, BSc Ian R. Saunders, BSc – President and CEO– President and CEO Resident of ZimbabweResident of Zimbabwe 19 years mining experience with over 14 years at the Turk and Angelus Mines 19 years mining experience with over 14 years at the Turk and Angelus Mines Originally Chief Metallurgist at Turk Mine - promotion to GM in 1997Originally Chief Metallurgist at Turk Mine - promotion to GM in 1997 2006 appointed President and COO of the Corporation2006 appointed President and COO of the Corporation 2008 appointed CEO and Director of the Corporation2008 appointed CEO and Director of the Corporation Past President of the Zimbabwe Chamber of MinesPast President of the Zimbabwe Chamber of Mines
Graham R. Clow, CA, BSc Graham R. Clow, CA, BSc – Chief Financial Officer– Chief Financial Officer Over 25 years of experienceOver 25 years of experience 2005 appointed Chief Financial Officer of the Corporation2005 appointed Chief Financial Officer of the Corporation
Richard G. Buzbuzian, BA Richard G. Buzbuzian, BA – Investor Relations – Investor Relations 15 years of principal and advisor roles to public and private companies 15 years of principal and advisor roles to public and private companies Extensive corporate finance, communications, and investor relations experienceExtensive corporate finance, communications, and investor relations experience Relationships with investment firms in Canada, the USA and EuropeRelationships with investment firms in Canada, the USA and Europe
EXPERIENCED MANAGEMENTEXPERIENCED MANAGEMENTEXPERIENCED MANAGEMENTEXPERIENCED MANAGEMENT
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Robert N. Weingarten, BA, MBA Robert N. Weingarten, BA, MBA – Non-executive Chairman– Non-executive Chairman CFO of New Dawn from July 2000 to August 2005CFO of New Dawn from July 2000 to August 2005 President from October 2002 to August 2005President from October 2002 to August 2005 Since August 2006 Non-executive Chairman Since August 2006 Non-executive Chairman Maintains various business interests internationallyMaintains various business interests internationally
Philip G. MacDonnell, BA (Hons), CAPhilip G. MacDonnell, BA (Hons), CA 25 years of industry experience 25 years of industry experience Founding partner of Loewen Ondaatje McCutcheon & Co. Ltd.Founding partner of Loewen Ondaatje McCutcheon & Co. Ltd. Past Director: Vancouver Stock ExchangePast Director: Vancouver Stock Exchange
Divo Milan, MBADivo Milan, MBA 20 years international experience in corporate finance, investment and merchant 20 years international experience in corporate finance, investment and merchant
banking banking CEO of Investigaction Estrategica, Mexico City merchant banking firm CEO of Investigaction Estrategica, Mexico City merchant banking firm Board positions in Mexico and abroadBoard positions in Mexico and abroad
INTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORS
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Dr. Jon North, BSc, MSc, PhD Dr. Jon North, BSc, MSc, PhD International exploration geologist over 20 years of experienceInternational exploration geologist over 20 years of experience President and CEO of Northquest Ltd. TSX.V - NQPresident and CEO of Northquest Ltd. TSX.V - NQ Chairman of Continental Nickel Limited, exploration company listed on the Chairman of Continental Nickel Limited, exploration company listed on the
TSX.V - CNITSX.V - CNI Director of Bridgeport Ventures Inc. TSX.V – BPVDirector of Bridgeport Ventures Inc. TSX.V – BPV
Bryce Fort, B.S Computer Engineering - Bryce Fort, B.S Computer Engineering - ‘Designate’‘Designate’
Managing Director and founding Partner of Emerging Capital Partners Managing Director and founding Partner of Emerging Capital Partners (“ECP”), Washington D.C.(“ECP”), Washington D.C.
ECP is a leading private equity firm focused on investing in Africa; 1st African ECP is a leading private equity firm focused on investing in Africa; 1st African private equity firm to raise more than $1.8 Bprivate equity firm to raise more than $1.8 B
2002 with Deutsche Bank AG’s European Healthcare Corporate Finance 2002 with Deutsche Bank AG’s European Healthcare Corporate Finance GroupGroup
Board of Directors positions with Cellcom Ltd. and Wananchi Group HoldingsBoard of Directors positions with Cellcom Ltd. and Wananchi Group Holdings
INTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORS
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FINANCIAL HIGHLIGHTSFINANCIAL HIGHLIGHTSFINANCIAL HIGHLIGHTSFINANCIAL HIGHLIGHTS
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CAPITAL STRUCTURECAPITAL STRUCTURECAPITAL STRUCTURECAPITAL STRUCTURE
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A Zimbabwe focused gold producer advancing production and A Zimbabwe focused gold producer advancing production and development of 3 significant gold camps development of 3 significant gold camps
Gold production targets on an annualized basisGold production targets on an annualized basis 50,000 to 60,000 gold ozs in 18 to 24 months50,000 to 60,000 gold ozs in 18 to 24 months 100,0000 gold ozs in 3 to 4 years100,0000 gold ozs in 3 to 4 years 200,000 to 250,000 ozs in 5 to 7 years200,000 to 250,000 ozs in 5 to 7 years
Normalized cash costs estimated at under US$600 per gold ozNormalized cash costs estimated at under US$600 per gold oz Six high priority exploration targets Six high priority exploration targets Proven track record of ‘in country’ operating successProven track record of ‘in country’ operating success Key management resides in ZimbabweKey management resides in Zimbabwe 100% of gold sales collected in US dollars100% of gold sales collected in US dollars Very favorable risk/reward opportunity in today’s global economyVery favorable risk/reward opportunity in today’s global economy Significantly under-valued relative to peersSignificantly under-valued relative to peers
CONCLUSIONCONCLUSIONCONCLUSIONCONCLUSION
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OPPORTUNITY TO EXPAND PRODUCTION UP TO 50K OZ PER ANNUM AND INCREASE RESOURCE BY 1.5 TO 2M GOLD OUNCES THROUGH
EXPLORATION AND INFILL DRILLING
Location: 80 km north east of BulawayoLocation: 80 km north east of Bulawayo Currently producing 14k to 15k ozs of gold Currently producing 14k to 15k ozs of gold
per annum at 580 tonne per day facilityper annum at 580 tonne per day facility Expanding to 22k to 23k oz of annualized Expanding to 22k to 23k oz of annualized
productionproduction New 3MVA power generators being installedNew 3MVA power generators being installed Maximum output capacity estimated at 35k Maximum output capacity estimated at 35k
to to 50k oz of annualized gold production50k oz of annualized gold production
Significant independently audited gold Significant independently audited gold resource base at 4 to 6 gpt goldresource base at 4 to 6 gpt gold
950+ employees950+ employees 11+ years of reserves 11+ years of reserves 20+ years life of mine at maximum output20+ years life of mine at maximum output Anticipated cash costs <$600 US per oz Anticipated cash costs <$600 US per oz
BULAWAYBULAWAYOO
Turk and Turk and Angelus MineAngelus Mine
ZIMBABWE
APPENDIX A - TURK AND ANGELUS MINEAPPENDIX A - TURK AND ANGELUS MINEAPPENDIX A - TURK AND ANGELUS MINEAPPENDIX A - TURK AND ANGELUS MINE
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Location: the eastern part of Location: the eastern part of Bulawayo (one of the oldest gold Bulawayo (one of the oldest gold mines in Matabeleland) mines in Matabeleland)
Consists of 17 claimsConsists of 17 claims The claims are 100% attributable to The claims are 100% attributable to
OlympusOlympus Historical production (to 2006) was Historical production (to 2006) was
0.290M oz of gold from 0.98M 0.290M oz of gold from 0.98M tonnes of ore treated at a grade of tonnes of ore treated at a grade of 9.44 g/t. 9.44 g/t.
Currently an estimated two year life Currently an estimated two year life Opportunity for disposition or joint Opportunity for disposition or joint
ventureventure
BULAWAYBULAWAYOO Old Nic Old Nic
MineMine
ZIMBABWE
APPENDIX A - THE OLD NIC MINEAPPENDIX A - THE OLD NIC MINEAPPENDIX A - THE OLD NIC MINEAPPENDIX A - THE OLD NIC MINE
OPPORTUNITY TO RESTART PRODUCTION AND EXPAND LIFE OF MINE THROUGH EXPLORATION, DRILLING, AND EMPLOYING MODERN
EXPLORATION TECHNIQUES
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Location: approximately 175km southwest of Location: approximately 175km southwest of the capital, Hararethe capital, Harare
Consists of greater than 3,500 claims Consists of greater than 3,500 claims Strike length of approximately 25 kilometersStrike length of approximately 25 kilometers The claims are 100% attributable to FalgoldThe claims are 100% attributable to Falgold Underground operation with an associated Underground operation with an associated
ore treatment plant and the potential for gold ore treatment plant and the potential for gold recovery from tailings materialrecovery from tailings material
Historical production (to 2006) was 2.44M oz Historical production (to 2006) was 2.44M oz of gold from 10.2M tonnes of ore treated at a of gold from 10.2M tonnes of ore treated at a grade of 7.42 g/tgrade of 7.42 g/t
Under-explored offering exceptional Under-explored offering exceptional opportunity opportunity
ZIMBABWE
Dalny MineDalny Mine
APPENDIX A - THE DALNY MINEAPPENDIX A - THE DALNY MINEAPPENDIX A - THE DALNY MINEAPPENDIX A - THE DALNY MINE
OPPORTUNITY FOR DEVELOPMENT OF A NUMBER OF OPEN-PIT, MEDIUM-GRADE, BULK-MINING OPERATIONS WITHIN THE GREATER
DALNY SHEAR ZONE – LARGE BLUE SKY POTENTIAL
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Location: approximately 28km south of Location: approximately 28km south of KadomaKadoma
Consists of over 2,500 claims and numerous Consists of over 2,500 claims and numerous exploration targetsexploration targets
100% attributable to Falgold100% attributable to Falgold Capacity to process 18,000 tonnes of ore Capacity to process 18,000 tonnes of ore
per monthper month Currently on care and maintenanceCurrently on care and maintenance The mine has a modern metallurgical facility The mine has a modern metallurgical facility Historical production (to 2002) was 0.318M Historical production (to 2002) was 0.318M
oz of gold from 2.5M tonnes of ore treated oz of gold from 2.5M tonnes of ore treated at a grade of 3.77 g/t at a grade of 3.77 g/t
ZIMBABWE
Venice Venice MineMine
APPENDIX A - THE VENICE MINEAPPENDIX A - THE VENICE MINE APPENDIX A - THE VENICE MINEAPPENDIX A - THE VENICE MINE
OPPORTUNITY – HIGH PRIORITY TARGET IN TERMS OF EXPLORATION, WIDE RANGE OF POTENTIAL WITH EXISTING COMPLEX HAVING CAPACITY
TO PROCESS 18,000 TONNES OF ORE PER MONTH
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Location: northeast of Shurugwi, Location: northeast of Shurugwi, approximately 30km southeast of approximately 30km southeast of GweruGweru
Consists of 9 claimsConsists of 9 claims The claims are 100% attributable The claims are 100% attributable
to Olympusto Olympus The Camperdown Mine previously The Camperdown Mine previously
produced ore material from both a produced ore material from both a dual open pit and an underground dual open pit and an underground mining operation mining operation
ZIMBABWE
GWERUGWERU
Camperdown Camperdown MineMine
APPENDIX A - THE CAMPERDOWN MINEAPPENDIX A - THE CAMPERDOWN MINEAPPENDIX A - THE CAMPERDOWN MINEAPPENDIX A - THE CAMPERDOWN MINE
OPPORTUNITY TO MEET A SIGNIFICANT PORTION OF EXPANDED PRODUCTION TARGETS WHILE DEVELOPING NEW ADDITIONAL
GOLD RESOURCES AT VERY LOW COSTS
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Location: approximately 180km Location: approximately 180km northeast of Bulawayonortheast of Bulawayo
Consists of over 1,250 claimsConsists of over 1,250 claims The claims are 100% attributable The claims are 100% attributable
to Falgoldto Falgold Production is sourced from a dual Production is sourced from a dual
open pit (low grade to heap open pit (low grade to heap leach) and underground (milling – leach) and underground (milling – CIL) operationCIL) operation
Mine complex consists of an Mine complex consists of an underground operation with a underground operation with a dedicated milling circuit and dedicated milling circuit and beneficiation plant beneficiation plant
ZIMBABWE
GWERUGWERU Golden Quarry Golden Quarry MineMine
APPENDIX A - THE GOLDEN QUARRY MINEAPPENDIX A - THE GOLDEN QUARRY MINEAPPENDIX A - THE GOLDEN QUARRY MINEAPPENDIX A - THE GOLDEN QUARRY MINE
OPPORTUNITY TO QUICKLY RESUME MINING AND PROCESSING OF GOLD WITHIN THE NEXT 12 MONTHS WITH VERY LOW PROJECT CASH
COSTS PER GOLD OUNCE PRODUCED
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Batyali Section Exploration ZoneBatyali Section Exploration Zone ~ 240 meters in down dip depth~ 240 meters in down dip depth 100 meters of strike having average 100 meters of strike having average
reef width of ~ 2.5 to 3.5 meters reef width of ~ 2.5 to 3.5 meters To contain ~ 650,000 to 900,000 To contain ~ 650,000 to 900,000
tonnes of mineralized materialtonnes of mineralized material
MVS – Armenian Section MVS – Armenian Section Exploration ZoneExploration Zone
~ 100 meters in down dip depth~ 100 meters in down dip depth 200 meters of strike having average 200 meters of strike having average
reef width of ~ 2.5 to 3.5 metersreef width of ~ 2.5 to 3.5 meters To contain ~ 550,000 to 750,000 To contain ~ 550,000 to 750,000
tonnes of mineralized materialtonnes of mineralized material Angelus Section Exploration ZoneAngelus Section Exploration Zone ~ 90 meters in down dip depth~ 90 meters in down dip depth 100 meters of strike having average 100 meters of strike having average
reef width of ~ 2.5 to 3.5 metersreef width of ~ 2.5 to 3.5 meters To contain ~ 180,000 to 250,000 To contain ~ 180,000 to 250,000
tonnes of mineralized materialtonnes of mineralized material
EXPLORATION AT TURK AND ANGELUS MINESEXPLORATION AT TURK AND ANGELUS MINESEXPLORATION AT TURK AND ANGELUS MINESEXPLORATION AT TURK AND ANGELUS MINES
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Ultimus ProjectUltimus Project Located in Shurugwi Mining Located in Shurugwi Mining
DistrictDistrict Broad Geo Chemical AnomalyBroad Geo Chemical Anomaly Anomaly measuring 26.74 Anomaly measuring 26.74
hectareshectares Excellent Open Pit PotentialExcellent Open Pit Potential
RKB PropertyRKB Property Located in Shurugwi Mining Located in Shurugwi Mining
DistrictDistrict Excellent Geo Chemical Excellent Geo Chemical
SamplesSamples Open Pit PotentialOpen Pit Potential
NEW DAWN EXPLORATION – RKB AND LADVILLENEW DAWN EXPLORATION – RKB AND LADVILLENEW DAWN EXPLORATION – RKB AND LADVILLENEW DAWN EXPLORATION – RKB AND LADVILLE
ULTIMUS ULTIMUS PROJECPROJEC
TT
RKB RKB PROPERTPROPERT
YY
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CAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUS
Dalny MineDalny Mine 25 km Shear Zone25 km Shear Zone Numerous gold depositsNumerous gold deposits Under exploredUnder explored Presence of artisanal minersPresence of artisanal miners
Venice MineVenice Mine Large Claim AreaLarge Claim Area Multiple Exploration targetsMultiple Exploration targets Currently under-exploredCurrently under-explored
DALNYDALNY
VENICEVENICE
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CAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUS
Camperdown MineCamperdown Mine Large Geological SystemLarge Geological System Mainly Open PitMainly Open Pit Excellent potential for Excellent potential for
further resourcesfurther resources
Golden Quarry MineGolden Quarry Mine Opportunity to expand open Opportunity to expand open
pit pit Potential at depth also Potential at depth also
presentpresent Under-exploredUnder-explored
CAMPERDOWNCAMPERDOWN
GOLDEN QUARRYGOLDEN QUARRY
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