Now in its 5th year
ASX Small to Mid CapsSofitel Hotel New York – 1 March 2012 A unique opportunity to hear the latest business strategies and outlooks from a
selection of emerging market leaders in the small and mid cap segment of the
Australian market.
ROSE & CO.
DAHLMAN
Welcome
Welcome to ‘ASX Spotlight Small Caps New York’, an event that showcases some of Australia’s
leading small and mid-cap companies and provides a valuable snapshot of the significant opportunity
for investment in the Australian Equity Market.
This event is the sixteenth in the global series which is hosted in Singapore, Hong Kong, London and
New York every year, and the fifth of its kind in New York.
ASX Spotlight is a result of co-operation between the Australian Securities Exchange, the supporting
brokers and investment banks and a select group of listed companies, demonstrating confidence in
the considerable investment fundamentals of the Australian market.
The companies involved in the event, with capitalisations generally below A$1 billion, represent
an important sector of the Australian market that does not always get the international exposure it
deserves. Importantly, from the US investor perspective, the event is an opportunity to meet a broad
representation of companies from a variety of sectors in one single venue.
During the course of the day it will become clear that investment in the Australian Equity Market
provides excellent exposure to the ongoing and projected growth of emerging economies in the
Asia-Pacific region – exposure which is importantly provided within a stable and reputable market
environment.
We would like to thank all the event supporters and our participating ASX listed companies for helping
to make it such a great success. We look forward to seeing you again in 2013.
Elmer Funke Kupper
Managing Director and CEO
ASX Limited
Thursday March 1
8.30am RegisTRaTion
8.45am Welcome
8.50am ReVA medical, Inc
9.15am Bionomics limited
9.40am QRxPharma limited
10.05am NewSat limited
10.30am Troy Resources limited
10.55 – 11.10am MoRning Tea
11.10am mincor Resources Nl
11.35am Rex minerals limited
12.00pm Northern Star Resources limited
12.25pm Kingsgate consolidated limited
12.50pm Silver lake Resources limited
1.15 – 1.55pm Lunch
1.55pm crusader Resources limited
2.20pm Focus minerals limited
2.45pm Red Fork energy limited
3.10pm elemental minerals limited
3.35 – 3.50pm afTeRnoon Tea
3.50pm Platinum Australia limited
4.15pm Western Areas Nl
4.40pm Kingsrose mining limited
5.05pm linc energy limited
5.30pm asX WRap up & neTWoRking DRinks
7.00pm cLose of confeRence
Agenda
Venue details
Sofitel New York
45 West 44th Street
New York
Tel: +1 212 354 8844
Fax: +1 212 354 2480
The welcome address and presentations by the ASX listed
companies are being held in the montmartre Room (level
2) of the Sofitel New York.
one-on-one meetings
one-on-one meetings between investors and ASX listed
companies are being held on levels 2 and 4. For each
meeting scheduled you will be informed of the room
number via our online booking agenda. To book or make
changes to any one-on-one meetings, report to Karen
Payne at the ‘one-on-one concierge Desk’ on level
2. Karen will check availability and schedule a meeting
for you. If you have any queries at all during the day,
please contact the event manager emily maxwell at the
Registration Desk on level 2.
name badges
You should have been issued with a name badge on
registration. If you have not received one, report to the
Registration Desk on level 2.
Access to company presentations and videos
will be made available at:
www.asx.com.au/smalltomidcaps/newyork
asX contact details
emily Maxwellevent manager
+61 427 139 184 or [email protected]
eddie grieveSenior manager, listings Business Development
+61 418 246 698 or [email protected]
David RitchieVP, Regional manager USA
+1 312 823 3433 or [email protected]
General Information
company DescriptionReVA is dedicated to developing minimally invasive
medical devices that leverage the company’s
proprietary biomaterial and stent technologies
to improve the treatment of disease. Guided
by a management team and scientific advisors
with extensive product development and clinical
interventional cardiology experience, ReVA’s initial focus
is the development and eventual commercialisation of a
proprietary drug-eluting bioresorbable coronary scaffold
to treat coronary artery disease.
operationsReVA is headquartered in San Diego, california.
Recent DevelopmentsReVA medical, Inc. (“ReVA” or the “company”)
completed its initial public offering of cDIs (cHeSS
Depository Interests) on December 17, 2010 and
began trading on the Australian Securities exchange
(“ASX”) on December 23, 2010, under the symbol
“RVA.”
In December 2011, ReVA initiated the ReSToRe
clinical trial at the Instituto Dante Pazzanese de
cardiologia in Sao Paulo, Brazil, under the direction
of Principal Investigator, Dr. Alexandre Abizaid. The
trial will enroll 50 patients in Brazil and ten additional
sites in europe to evaluate the safety of the ReZolve
bioresorbable scaffold.
intellectual property/products/product Development programsReVA’s lead product, the ReZolveTm scaffold, is
designed to provide the same benefits as traditional
metal stents, including inhibiting the renarrowing of the
previously treated artery, with the additional benefit of
being dissolved by the body over time after treatment
of the artery. The ReZolve scaffold is protected by more
than 250 patents.
significant contractual arrangements ReVA has in place an agreement with Boston Scientific
corporation (BSc), one of the major stent companies,
that allows the parties to negotiate exclusive distribution
rights for BSc under certain circumstances that would
provide ReVA with a 50% royalty on product sales.
future outlookStents are minimally invasive, implantable medical
devices which are used by cardiologists for the
treatment of coronary artery disease. Stents help
stabilize diseased arteries by propping them open and
restoring blood flow. In 2010, the worldwide market for
coronary stents was in excess of $5.0 billion. ReVA
believes bioresorbable scaffolds will be the next major
advancement in interventional technology for the
minimally invasive treatment of coronary artery disease.
ReVA initiated a pilot human clinical trial of its ReZolve™
scaffold in December 2011.
8.50am – ReVA medical, Inc. (ASX: RVA)
Notes
company Description
Bionomics is an international biotechnology company
with operations in Australia and europe focused on the
discovery and development of innovative therapeutics
for cancer and diseases of the central nervous system.
Bionomics has small molecule product development
programs in cancer, anxiety, Alzheimer’s disease and
multiple sclerosis.
BNc105, which is undergoing clinical development
to treat cancer, potently and selectively restricts blood
flow within tumours. BNc105 offers blockbuster
potential if successfully developed. A clinical program
is also underway for a new-generation treatment of
anxiety disorders based on BNc210 which exhibits
efficacy without sedation.
Recently Bionomics entered a collaboration,
research and licensing agreement with Ironwood
Pharmaceuticals to further develop and commercialise
BNc210. Under the terms of this agreement,
Bionomics may receive up to US$345m in milestone
payments plus royalties on product sales.
Bionomics has a long-standing research
collaboration and license agreement with global Pharma
company merck Serono in its multiple Sclerosis
program. Under the terms of this agreement Bionomics
can earn up to US$47m in milestone payments and a
royalty on product sales for each compound selected in
this multi-compound deal. merck Serono funds all R&D.
operations
BNc 210 - Improved treatment for Anxiety Disorders
- offers dramatic competitive advantages over existing
treatments. It provides excellent relief of anxiety in
animal models and so far in human trials and shows no
evidence of sedation, memory impairment or tendency
to addiction. BNc210 has a rapid onset of action and
is suitable for oral dosing. BNc210 appears to act by
a completely novel mechanism of action distinct from
known drugs and may therefore represent the first in a
new class of novel anxiety drugs offering dramatically
improved patient benefits. BNc210 is licensed to
Ironwood Pharmaceuticals.
BNc105 - VDA for treatment of cancer/tumors - is
a novel compound being developed by Bionomics
as a Vascular Targeting Agent (VDA) for treatment of
cancer. VDAs are drugs that disrupt the blood vessels
that nourish tumours. This approach has a number of
advantages over classical chemotherapy: occlusion
of a single blood vessel can result in the death of
thousands of tumour cells, it is applicable to a wide
variety of cancers and since the therapy targets the
blood vessel rather than the tumour, it is unlikely that
mutant tumour cells will emerge that are resistant to
the therapy. Importantly, the drug also has no effect
on normal blood vessels. BNc105 is now in Phase II
trials for three cancer indications: renal cancer, ovarian
cancer and mesothelioma.
Kv1.3 - Blockers for inflammatory disorders
including multiple Sclerosis - In this effort to develop
a safer way to treat multiple sclerosis Bionomics has
partnered with merck Serono, a leading pharmaceutical
company and pioneer of new treatments for multiple
sclerosis (mS) including Rebif® (2009 sales US$2.05
billion; projected US$2.24 billion sales in 2010). The
effort uses multicore® chemistry and ionX® platforms
while being fully funded by merck Serono, including
any costs associated with clinical development
and commercialisation. In June 2011 the research
agreement was extended by at least another year.
9.15am – Bionomics ltd (ASX: BNo)
Recent Developments
• Ironwood Pharmaceutical / Bionomics license
Agreement to further develop and commercialise
BNc210: up to US$345 million in milestone
payments plus royalties on product sales
• Successful Phase Ib clinical trials demonstrated that
BNc210 reduced the symptoms of panic attack
and had no side-effects commonly associated with
marketed drugs to treat anxiety
• Data showing molecular link between neurotrophic
effects of BNc210 and its anti-anxiety properties
presented at Neuroscience 2011
• BNc105 renal cancer trial progresses – combination
with targeted therapy Afinitor safe and well tolerated
with patient recruitment continuing
• BNc105 Phase I/II ovarian cancer trial planned
– combination with gemcitabine and carboplatin,
the drugs often combined for a standard of care
chemotherapy in a number of cancer indications
including ovarian
• merck Serono deal extended
intellectual property/products/product Development programsBionomics’ discovery and development activities are
driven by its three technology platforms: Angene®,
a drug discovery platform which incorporates a
variety of genomics tools to identify and validate
novel angiogenesis targets. multicore® is Bionomics’
proprietary, diversity orientated chemistry platform for
the discovery of small molecule drugs. ionX® is a set
of novel technologies for the identification of drugs
targeting ion channels for diseases of the central
nervous system. These platforms underpin Bionomics’
established business strategy.
Bionomics has over 40 patents or patents pending
for novel drugs in development and technology
platforms including medicinal chemistry, disease genes
associated with epilepsy and cancer, and drug targets
associated with angiogenesis.
significant contractual arrangements
Bionomics recently entered into a collaboration,
research and licensing agreement with Ironwood
Pharmaceuticals to develop and commercialise
BNc210, Bionomics’ investigational anti-anxiety
compound. Bionomics has also partnered with merck
Serono for the development and commercialisation
of Bionomics’ Kv1.3 ion channel blockers for the
treatment of mS.
future outlookThe next 12 months will see a number of important near
term valuation catalysts for Bionomics shareholders,
including:
• BNc105 clinical trial program: completion of US
renal cancer trial and initiation of ovarian cancer trial
• Alzheimer’s disease program: Drug candidate
selected to enter IND enabling studies and clinical
development
company DescriptionQRxPharma is a commercial stage specialty
pharmaceutical company focused on the development
and commercialisation of new treatments for pain
management and central nervous system (cNS)
disorders. QRxPharma’s patented Dual opioid®
product pipeline moxDuo® offers a new alternative to
current pain medications, a large and growing market
saddled by older therapies with debilitating side effects.
Worldwide sales for all opioids are $14 billion and
growing at 6%.
operationsThe corporate office is located in Sydney, Australia
and the company maintains a presence in the US with
its commercial, clinical and regulatory team based in
Bedminster, New Jersey.
Recent DevelopmentsQRxPharma’s lead product candidate, moxDuo
Immediate Release (IR), has successfully completed
pivotal Phase 3 studies and the company has filed
its New Drug Application (NDA) with the US Food and
Drug Administration (FDA). The FDA set 25 June 2012
as the PDUFA (Prescription Drug User Fee Act) target
date for action on the approval of the NDA. To date,
nearly 800 patients have been treated with moxDuo
IR in clinical trials, and these studies have shown
patients who received moxDuo IR were 25-75% less
likely to experience the range of serious side effects
including nausea, vomiting, dizziness, sleepiness,
or constipation. A more recent study has also
demonstrated significantly less respiratory depression
as measured by oxygen desaturations with moxDuo IR
when directly compared to morphine or oxycodone at
equianalgesic doses.
intellectual property/products/product Development programsQRxPharma’s Dual opioid platform technology, a
patented fixed-ratio combination of morphine and
oxycodone includes three complementary products:
moxDuo IR, an immediate-release oral capsule for
acute pain; moxDuo IV, an intravenous formulation for
moderate to severe hospital-based pain; and moxDuo
cR, a controlled-release oral tablet for chronic pain.
QRxPharma’s Dual opioid technology is expected
to provide a long period of marketing exclusivity. The
central dual opioid composition of matter patent has
issued in numerous countries and the company has
also developed an innovative intellectual property
portfolio covering additional compositions of matter,
mechanisms of action and new formulations which,
if granted, are expected to provide market exclusivity
through 2029 in North America and all other major
markets.
9.40am – QRxPharma limited (ASX: QRX)
significant contractual arrangementsThe company signed a binding letter of Intent (loI) in
December 2011 with Actavis Inc. for the formation of
a strategic partnership to commercialise moxDuo IR in
the US acute pain marketplace. The loI grants Actavis
exclusive rights to commercialise and further develop
moxDuo IR for the US market while assuming all costs
for product launch as well as ongoing marketing and
sales efforts in the US. QRxPharma, however, has
retained the right to co-promote moxDuo IR in the US
and maintains all rights outside the US.
Actavis will pay QRxPharma royalties of 10% to
30% depending on net sales thresholds, except for a
period starting 3 to 6 months following launch where
QRxPharma will receive a 50% royalty on US$ 150
million in cumulative sales. Under the co-promotion/
profit-share right, QRxPharma can create its own sales
force and provide up to 25% of the effective selling
effort to US prescribers at any time following the first
12 months after product launch. The agreement
also provides Actavis an option to negotiate for US
marketing and sales rights for moxDuo cR, as well as
moxDuo IV.
The company has also entered into a strategic
alliance with Aoxing Pharmaceutical company, Inc.
(“Aoxing”) in china to collaborate in the development
of moxDuo IV, with Aoxing holding exclusive marketing
rights in china and QRxPharma retaining the rest of the
world. Aoxing has also licensed the rights to the china
market for moxDuo IR.
future outlookThe NDA is the basis for US regulatory approval of
moxDuo IR for the treatment of moderate to severe
acute pain, a $2.5 billion segment of the $8 billion
spent annually on prescription opioids in the US.
The launch of moxDuo IR in the US is projected to
occur in Q3 cY 2012 and pre-launch preparations
are underway. With the NDA lodged for moxDuo IR,
the company will accelerate the moxDuo cR tablet
development that encompasses sustained delivery
technology as well as abuse deterrent and tamper
resistant features. Three additional Phase 1 studies
and a Phase 2 study are planned for the coming year
with anticipation of moxDuo cR undertaking Phase 3
development in 2013.
company DescriptionNewSat limited (ASX: NWT) is Australia’s largest
specialist satellite communications company, delivering
Internet, voice, data and video communications
via satellite. With its unique-to-Australia Teleport
infrastructure, NewSat provides a full range of managed
satellite communication services and has established
a reputation as the partner of choice for governments,
corporations and private enterprises. Today, NewSat
has the ability to provide coverage to 75% of the globe;
from Australia, Asia, the middle east, Africa, across
the Indian ocean extending into europe and across
the Pacific ocean, reaching into the West coast of the
USA.
NewSat’s world acclaimed Teleports in Perth
(Western Australia) and Adelaide (South Australia) made
the World Teleport Association’s “2011 Top operator
Rankings” and “2010 Awards for excellence”. Both
Teleports are accredited to supply services to the
Australian Department of Defence (DRSS) and are
recognised as highly secure Global Access Points,
supporting certified classified networks to ensure
the transmission of vital and sensitive information for
government clients.
NewSat will be expanding its satellite capabilities
with the Jabiru Satellite Program, beginning with the
launch and operation of Jabiru-1, Australia’s first
independently owned commercial satellite. Jabiru-1,
a large Ka-band next generation satellite, will provide
superior coverage over South east Asia, the middle
east and North Africa. Jabiru-2, also scheduled, will
deliver enhanced coverage in and around Australia.
NewSat has rights to seven premium orbital slots and
its fleet of next generation geostationary satellites will
lead Australia’s space quest.
operationsNewSat is the only independent Australian pure
play satellite communications company. NewSat
operates as a reseller of third-party satellite capacity
using owned, world acclaimed Teleports in Perth and
Adelaide. The company’s unique-to-Australia space
infrastructure were finalists in the World Teleport
Association’s Awards for excellence in 2010 and were
the only Australasian Teleports to feature in the recent
2011 Top operator Rankings.
NewSat provides Internet, voice, data and video
communications via satellite, supporting over 4,000
satellite telecommunications services and delivers
coverage to 75% of the globe. NewSat’s two Australian
Network operation centres provide 24 x 7 x 365
support and in 2011 provided customers with 100%
Teleport up-time.
NewSat is focused on high value and high growth
markets. NewSat’s broad and loyal client base is within
‘blue chip’ industries, such as mining (exploration
and production), oil and gas (offshore and onshore),
defence, government, construction and media and
broadcasting.
The company’s Jabiru Satellite Program will launch
a fleet of next generation geostationary satellites that
will provide high-powered global coverage and unlock
bandwidth capacity that is otherwise unavailable
today. The Jabiru satellites will target government and
enterprise customers across emerging markets and
high demand regions.
10.05am – NewSat limited (ASX: NWT)
Recent DevelopmentsNewSat is transforming from a reseller of third-party
satellite communications capacity into an owner and
operator of communication satellites and has continued
to make progress with results showing positive eBITDA,
NPAT and operating cash flow.
over FY11, the company announced 175 high-
grade enterprise contracts with an average value of
approximately $70,000 per annum across the oil and
gas, mining and military markets, domestically and
internationally. The first half of FY12 has been similarly
successful, with 144 new business contracts won
across enterprise and government markets, increasing
monthly Recurring Revenues by 38% (compared to
previous year) to $2.9 million per month.
During the year NewSat acquired rights from
KyproSat and received cypriot regulatory approval to
7 premium orbital slots for development. In addition,
NewSat signed US$526 million in binding pre-launch
customer contracts on the Jabiru-1 satellite with
meASAT, Trustcomm, 3A Technology, Quicklink
communications and another middle eastern
telecommunications company.
NewSat completed the technical design phase and
competitive procurement process for Jabiru-1 with
lockheed martin selected for construction services, to
commence immediately, and Arianespace scheduled
to launch the satellite in 2014. The company also
announced an opportunistic acceleration of its satellite
program through Jabiru-2.
In 2011, NewSat announced a number of key
appointments, with David Ball joining as chief
Technology officer and michael Hewins as chief
operating officer. combined, David and michael have
over 55 years of global satellite experience and are
particularly well suited to the next phase of growth,
as NewSat transforms from a Teleport operator into a
global satellite operator.
significant contractual arrangementsIn 2011, NewSat acquired the rights to 7 premium
orbital slots from KyproSat, which will provide a platform
for significant future growth with the launch and
operation of numerous satellites. To date, the Jabiru-1
satellite has secured US$526 million in binding pre-
launch customer contracts with a range of enterprise
and government customers. The most recent contract
for US$180 million for the 15 year life of the satellite is
with leading Asian satellite operator, meASAT.
The company’s core Teleport business continues
to grow, securing 175 new business contracts in
FY11 with an average value of approximately $70,000
per annum. The largest contract was with Proactive
communications for mission critical communications for
U.S. armed forces in Afghanistan.
future outlookNewSat is well placed to continue to leverage its unique-
to-Australia and world-class Teleport infrastructure,
through the company’s strong relationships with blue
chip customers. The satellite industry continues to grow
as demand for faster speeds, greater bandwidth and
unrestricted Internet and communications anywhere,
anytime, continues to increase.
NewSat is poised for significant growth as it
transforms from a reseller of third-party satellite
communications capacity into an owner and operator
of communication satellites. The Jabiru-1 satellite is
in its final stages, with pre-launch contracts already
signed with government and enterprise customers, and
the construction and launch on target for 2014 with
lockheed martin and Arianespace.
NewSat’s vertical integration into an “owner” of
satellites will create a step-change in earnings and
dramatically increase eBITDA margins. over its 15 year
life, Jabiru-1 is expected to achieve revenues and net
profit of over US$2 billion and US$1 billion, respectively.
NewSat has rights to seven premium orbital slots,
which provide significant growth opportunity above and
beyond Jabiru-1.
company DescriptionTroy Resources limited, dual-listed on the Australian
and Toronto Stock exchanges (code: TRY), is a
dividend-paying profitable junior gold producer with a
clear growth strategy. The company has two producing
gold operations; Andorinhas mine in Para State, Brazil
and the casposo gold and silver mine, in San Juan
province, Argentina.
Troy has an experienced Board and management
team with a track record of successful, fast-track mine
development and low-cost operations.
Troy has an annual exploration budget in excess
of $15 million and a proven track record in exploration
discoveries and strategic acquisitions.
Following the development of the casposo project
in Argentina, Troy has entered a renewed growth
phase which will again lift the company’s annual gold
production above 100,000 ounces of gold per annum.
The company is well positioned to continue its path
of strong growth and profitable operations, and on track
to achieve its vision of becoming a highly profitable
mid-tier gold producer with a portfolio of quality long-life
assets.
The company maintains a robust balance sheet and
forecasts continued strong cash flow from its current
assets. Troy’s gold production is unhedged; allowing its
shareholders access to the full benefit of current and
future gold price upside.
Troy is a responsible corporate citizen, committed
to the best practice of health and safety, environmental
stewardship and social responsibility.
The company has forged a proven record of fast-
track mine development, low cost operations, strategic
acquisitions and exploration discoveries.
operationsDecember 2011 gold production 39% higher
at 33,329oz and cash cost 36% lower than the
September quarter at US$373/oz net of silver credits.
Argentina, Casposo
• Gold production 20,701 at a cash cost of US$270/
oz net of silver credits
Brazil, Andorinhas
• The operation has achieved 799 days without a lost
time injury
• Gold production 12,625oz and unit cash costs to
US$542/oz
Gold production for the rolling 12 months 51,648oz
Recent Developments• Paid A$40 million to shareholders through 12 fully
franked cash dividends over the last 12 years
• Increased contained gold equivalent in casposo
Resource by 20% in 2011
• Doubling exploration budget to A$15m in FY2012
• Strong balance sheet
future outlookWe are currently undertaking metallurgical test work
on the new Kamila South east extension ores to
determine if any additions or modifications are required
to the processing facility to treat the very high grade
silver ores. once this is complete the results will be
incorporated in a new production schedule, ore
Reserve and NI 43-101 report. At this stage we expect
to release the new Reserve and production schedule
early in the June quarter.
Planning is well advanced for the accelerated
commencement of the casposo underground mine.
The requisite geotechnical holes and mine planning
have been completed and negotiations with the
preferred mining contactor Redpath (chile) are also well
advanced. The underground development is expected
to commence in the June quarter which would allow
access to the high grade underground ore early next
calendar year.
10.30am – Troy Resources limited (ASX: TRY)
TROY RESOURCES LIMITED
Resources / Reserves estimates
NB: Gold equivalency at Casposo for Mineral Resources and Mineral Reserves has been calculated by the formula Au_Eq = Au g/t + (Ag gt÷70). The gold:silver ratio of 70 has been determined using metal prices of US$1,200/oz for gold and US$20/oz for silver and processing recoveries of 93.7% for gold and 80.6% for silver.
Geological information in this Report has been compiled by Troy’s Vice President Exploration & Business Development, Peter Doyle, who:
• Is a full time employee of Troy Resources Limited
• Has sufficient experience which is relevant to the 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 of Exploration Results, Mineral Resources and Ore Reserves’
• Is a Member of the Australasian Institute of Mining and Metallurgy
• Has consented in writing to the inclusion of this data
Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a “qualified person” under National Instrument 43-101 – “Standards of Disclosure for Mineral Projects”, a member of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a “competent person” as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Company’s projects in Brazil, Australia and Argentina, including a description of Troy’s quality assurance program, quality control measures, the geology, samples collection and testing procedures in respect of the Company’s projects please refer to the technical reports filed which are available under the Company’s profile at www.sedar.com or on the company’s website.
This news release contains “forward-looking statements” and “forward-looking information”, based on assumptions and judgements of management regarding future events and results. Such “forward-looking statements” and “forward-looking information which may include, but are not limited to statements with respect to the expected development of the Casposo and Two Mile Hill projects. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “is expecting”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “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, occur or be achieved. The purpose of forward-looking information is to provide the reader with information about management’s expectations and plans. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Troy and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, future prices of gold and silver, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations, the possibility of cost overruns, as well as those factors disclosed in the Company’s filed documents. There can be no assurance that the projects will proceed as planned or that they will be successfully completed within expected time limits and budgets or that, when completed, the mines will operate as anticipated or that expected production levels will be achieved.
Resources / Reserves Estimates:
RESOURCE AND RESERVE SUMMARY Category Tonnes Grade Ounces Gold Mineral Reserves Proved 95,000 2.5 7,500 Probable 2,306,000 5.9 437,200 TOTAL 2,401,000 5.8 444,700 Silver Mineral Reserves Probable 1,804,000 176.7 10,241,200 TOTAL 1,804,000 176.7 10,241,200 Gold Mineral Resources Measured 191,000 4.6 28,100 Indicated 5,451,000 4.4 771,700 Inferred 14,241,000 1.7 779,600 Silver Mineral Resources Measured 96,000 769.9 2,376,400 Indicated 2,301,000 227.6 16,839,500 Inferred 920,000 152.3 4,503,700 Gold Equivalent Mineral Reserves Proved 95,000 2.5 7,500 Probable 2,306,000 7.7 571,000 TOTAL 2,401,000 7.5 578,500 Gold Equivalent Mineral Resources Measured 191,000 10.1 62,100 Indicated 5,451,000 5.6 990,000 Inferred 14,241,000 1.8 840,800
NB: Gold equivalency at Casposo for Mineral Resources and Mineral Reserves has been calculated by the formula Au_Eq = Au g/t + (Ag gt÷70). The gold:silver ratio of 70 has been determined using metal prices of US$1,200/oz for gold and US$20/oz for silver and processing recoveries of 93.7% for gold and 80.6% for silver.
Geological information in this Report has been compiled by Troy’s Vice President Exploration & Business Development, Peter Doyle, who:
• Is a full time employee of Troy Resources Limited
• Has sufficient experience which is relevant to the 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 of Exploration Results, Mineral Resources and Ore Reserves’
• Is a Member of the Australasian Institute of Mining and Metallurgy
• Has consented in writing to the inclusion of this data
Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a “qualified person” under National Instrument 43-101 – “Standards of Disclosure for Mineral Projects”, a member of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a “competent person” as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Company’s projects in Brazil, Australia and Argentina, including a description of Troy’s quality assurance program, quality control measures, the geology, samples collection and testing procedures in respect of the Company’s projects please refer to the technical reports filed which are available under the Company’s profile at www.sedar.com or on the company’s website. This news release contains “forward-looking statements” and “forward-looking information”, based on assumptions and judgements of management regarding future events and results. Such “forward-looking statements” and “forward-looking information which may include, but are not limited to statements with respect to the expected development of the Casposo and Two Mile Hill projects. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “is expecting”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “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, occur or be achieved. The purpose of forward-looking information is to provide the reader with information about management’s expectations and plans. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Troy and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, future prices of gold and silver, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations, the possibility of cost overruns, as well as those factors disclosed in the Company's filed documents. There can be no assurance that the projects will proceed as planned or that they will be successfully completed within expected time limits and budgets or that, when completed, the mines will operate as anticipated or that expected production levels will be achieved.
Future Outlook: We are currently undertaking metallurgical test work on the new Kamila South East Extension ores to determine if any additions or modifications are required to the processing facility to treat the very high grade silver ores. Once this is complete the results will be incorporated in a new
company Descriptionmincor is a leading Australian nickel producer. The
company operates two mining centres in the world-
class Kambalda Nickel District of Western Australia,
and has been in successful production since 2001. To
date mincor has generated net profits after tax of more
than A$235 million and has paid regular fully-franked
dividends since 2003. The company has 196 million
shares on issue and has a strong institutional and retail
shareholder base and an open share register.
mincor has an exceptionally strong balance sheet
with no debt and A$75 million in cash.
operationsAt 31 December 2011 mincor was on track to meet its
full-year production target of 10,000 tonnes of nickel
in ore, and well ahead of its cost target, with average
cash costs for the half year of A$5.74/lb.
mincor’s mines are high-grade, narrow-vein
underground nickel sulphide operations. All mining is
based on the owner-operator model. The vast majority
of mincor’s highly-skilled and dedicated work-force are
locally resident.
Recent DevelopmentsThrough a period of falling nickel prices mincor
successfully re-engineered its operations, turning
around a FY2010/11 loss into a half-year profit despite
low nickel prices. With a reduced cost base and rising
nickel grades the company is well-placed to benefit
from stronger nickel prices as the world economy
recovers. Through a recent transaction mincor acquired
interests in three copper and gold exploration projects
in Papua New Guinea, and is now vigorously exploring
in this world class mineral province.
significant contractual arrangementsmincor has a long-term offtake agreement with BHP
Billiton (Nickel West) under which mincor delivers ore
to BHPB’s concentrator plant at Kambalda, and pays
BHPB a tolling fee to convert the ore into concentrate.
mincor then sells the concentrate to BHPB on industry
standard terms and conditions. The current offtake
agreements expire in 2019.
All of mincor’s operations are 100% owned except
for carnilya Hill, which is 70% owned and operated by
mincor.
future outlookWith its strong operations and reduced cost base
mincor offers exceptional leverage to rising nickel
prices as the global economy recovers. In addition, the
average nickel grade of its mines is scheduled to rise as
new high-grade reserves are accessed. mincor’s nickel
exploration in Kambalda continues to drive growth in
ore Reserves. The opportunity for transformational
exploration success is present both in Kambalda and at
its exciting exploration assets in Papua New Guinea.
11.10am – mincor Resources Nl (ASX: mcR)
Resources / Reserves estimatesMineral Resources as at 30 June 2011***
• Figures have been rounded and hence may not add up exactly to the given totals.• Note that Resources are inclusive of Reserves.* Resources shown for Carnilya Hill are those attributable to Mincor – that is, 70% of the total Carnilya Hill Resource.** Otter Juan includes Coronet and McCloy.*** Miitel has been partly updated to December 2011 with inclusion of N29C and modification of N29A.Resources are estimated to a 1% nickel cut-off. No minimum mining width criteria are used. The Resource estimation is done using inverse distance or kriging methods, depending on the data density. Volume models are constructed using all available data including underground drive and stope mapping. Grade interpolation using assay results from diamond drill core and, in places, underground face samples.The information in this Public Report that relates to Mineral Resources is based on information compiled by Mr Robert Hartley, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hartley is a permanent employee of Mincor Resources NL. Mr Hartley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hartley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.Ore Reserves as at 30 June 2011***
Ore Reserves as at 30 June 2011***
• Figures have been rounded and hence may not add up exactly to the given totals.* Reserves for Carnilya Hill are those attributable to Mincor – that is, 70% of the total Carnilya Hill Reserve.** Otter Juan includes Coronet and McCloy.*** Miitel has been partly updated to December 2011 with inclusion of N29C and one extra level on the N29A.Appropriate dilution for the various mining methods was applied to the Indicated and Measured Resources. Using a 1.5% nickel cut-off and minimum mining width criteria, areas were selected as being mineable. Additional modifying factors to account for ore loss, recovery, further dilution, etc were then applied to achieve an estimated Reserve.The information in this Public Report that relates to Ore Reserves is based on information compiled by Mr Peter Teasdale, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Teasdale is a permanent employee of Mincor Resources NL. Mr Teasdale has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Teasdale consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Tabulation of Mineral Resources - Tottenham
NOTE: Ore tonnage figures have been rounded to the nearest 100 tonnes. Grades have been rounded to the first decimal point. Estimation of contained copper may not equal ore tonnes x grade due to rounding. Resources calculated to a 0.25% copper cut-off.The information in this Public Report that relates to Mineral Resources is based on information compiled by Mr Robert Hartley, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hartley is a permanent employee of Mincor Resources NL. Mr Hartley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hartley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Mineral Resources as at 30 June 2011***
RESOURCE MEASURED INDICATED INFERRED TOTAL Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Ni Tonnes
Mariners 125,000 3.6 417,000 4.8 65,000 3.5 608,000 4.4 26,900 Redross 31,000 5.1 138,000 2.9 67,000 2.9 236,000 3.2 7,500 Burnett 121,000 4.8 121,000 4.8 5,700 Miitel*** 175,000 4.2 318,000 3.6 545,000 3.0 1,038,000 3.4 35,100 Wannaway 123,000 2.6 16,000 6.6 139,000 3.0 4,200 Carnilya Hill* 63,000 4.1 41,000 2.3 0 0.0 104,000 3.4 3,500 Otter Juan** 45,000 3.3 114,000 4.7 79,000 2.3 238,000 3.7 8,700 McMahon/Ken 264,000 2.9 79,000 6.2 343,000 3.7 12,600 Durkin - - 251,000 5.2 127,000 5.0 378,000 5.1 19,300 Gellatly - - 29,000 3.4 - - 29,000 3.4 1,000 Cameron - - 96,000 3.3 - - 96,000 3.3 3,200 Stockwell - - 557,000 3.1 - - 557,000 3.1 17,100 Grand total 439,000 4.0 2,469,000 3.8 978,000 3.5 3,887,000 3.7 144,800
• Figures have been rounded and hence may not add up exactly to the given totals. • Note that Resources are inclusive of Reserves. * Resources shown for Carnilya Hill are those attributable to Mincor – that is, 70% of the total Carnilya Hill Resource. ** Otter Juan includes Coronet and McCloy. *** Miitel has been partly updated to December 2011 with inclusion of N29C and modification of N29A.
Resources are estimated to a 1% nickel cut-off. No minimum mining width criteria are used. The Resource estimation is done using inverse distance or kriging methods, depending on the data density. Volume models are constructed using all available data including underground drive and stope mapping. Grade interpolation using assay results from diamond drill core and, in places, underground face samples. The information in this Public Report that relates to Mineral Resources is based on information compiled by Mr Robert Hartley, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hartley is a permanent employee of Mincor Resources NL. Mr Hartley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hartley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Ore Reserves as at 30 June 2011***
RESERVE PROVED PROBABLE TOTAL Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Ni Tonnes
Mariners 49,000 2.9 329,000 3.8 378,000 3.7 13,900 Redross 33,000 3.5 - - 33,000 3.5 1,200 Miitel*** 108,000 2.6 185,000 3.2 293,000 3.0 8,600 Wannaway - - 39,000 2.9 39,000 2.9 1,100 Carnilya Hill* 33,000 3.3 33,000 3.3 1,100 Otter Juan** 40,000 3.6 14,000 3.8 54,000 3.6 2,000 McMahon 242,000 2.4 242,000 2.4 5,600 Grand total 263,000 3.0 809,000 3.2 1,072,000 3.1 33,500
• Figures have been rounded and hence may not add up exactly to the given totals. * Reserves for Carnilya Hill are those attributable to Mincor – that is, 70% of the total Carnilya Hill Reserve. ** Otter Juan includes Coronet and McCloy. *** Miitel has been partly updated to December 2011 with inclusion of N29C and one extra level on the N29A.
Appropriate dilution for the various mining methods was applied to the Indicated and Measured Resources. Using a 1.5% nickel cut-off and minimum mining width criteria, areas were selected as being mineable. Additional modifying factors to account for ore loss, recovery, further dilution, etc were then applied to achieve an estimated Reserve.
The information in this Public Report that relates to Ore Reserves is based on information compiled by Mr Peter Teasdale, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Teasdale is a permanent employee of Mincor Resources NL. Mr Teasdale has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Teasdale consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Tabulation of Mineral Resources - Tottenham
Location Inferred (tonnes)
Grade (Cu %)
Indicated (tonnes)
Grade (Cu %) Total Tonnes Grade
(Cu %) Contained
Metal (tonnes)
Mt Royal 1,500,900 1.0 869,800 1.2 2,370,700 1.1 26,078
Carolina -‐ -‐ 1,336,200 1.2 1,336,200 1.2 16,034
Total 1,500,900 1.0 2,206,000 1.2 3,707,000 1.1 41,850 NOTE: Ore tonnage figures have been rounded to the nearest 100 tonnes. Grades have been rounded to the first decimal point. Estimation of contained copper may not equal ore tonnes x grade due to rounding. Resources calculated to a 0.25% copper cut-off.
Mineral Resources as at 30 June 2011***
RESOURCE MEASURED INDICATED INFERRED TOTAL Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Ni Tonnes
Mariners 125,000 3.6 417,000 4.8 65,000 3.5 608,000 4.4 26,900 Redross 31,000 5.1 138,000 2.9 67,000 2.9 236,000 3.2 7,500 Burnett 121,000 4.8 121,000 4.8 5,700 Miitel*** 175,000 4.2 318,000 3.6 545,000 3.0 1,038,000 3.4 35,100 Wannaway 123,000 2.6 16,000 6.6 139,000 3.0 4,200 Carnilya Hill* 63,000 4.1 41,000 2.3 0 0.0 104,000 3.4 3,500 Otter Juan** 45,000 3.3 114,000 4.7 79,000 2.3 238,000 3.7 8,700 McMahon/Ken 264,000 2.9 79,000 6.2 343,000 3.7 12,600 Durkin - - 251,000 5.2 127,000 5.0 378,000 5.1 19,300 Gellatly - - 29,000 3.4 - - 29,000 3.4 1,000 Cameron - - 96,000 3.3 - - 96,000 3.3 3,200 Stockwell - - 557,000 3.1 - - 557,000 3.1 17,100 Grand total 439,000 4.0 2,469,000 3.8 978,000 3.5 3,887,000 3.7 144,800
• Figures have been rounded and hence may not add up exactly to the given totals. • Note that Resources are inclusive of Reserves. * Resources shown for Carnilya Hill are those attributable to Mincor – that is, 70% of the total Carnilya Hill Resource. ** Otter Juan includes Coronet and McCloy. *** Miitel has been partly updated to December 2011 with inclusion of N29C and modification of N29A.
Resources are estimated to a 1% nickel cut-off. No minimum mining width criteria are used. The Resource estimation is done using inverse distance or kriging methods, depending on the data density. Volume models are constructed using all available data including underground drive and stope mapping. Grade interpolation using assay results from diamond drill core and, in places, underground face samples. The information in this Public Report that relates to Mineral Resources is based on information compiled by Mr Robert Hartley, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hartley is a permanent employee of Mincor Resources NL. Mr Hartley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hartley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Ore Reserves as at 30 June 2011***
RESERVE PROVED PROBABLE TOTAL Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Ni Tonnes
Mariners 49,000 2.9 329,000 3.8 378,000 3.7 13,900 Redross 33,000 3.5 - - 33,000 3.5 1,200 Miitel*** 108,000 2.6 185,000 3.2 293,000 3.0 8,600 Wannaway - - 39,000 2.9 39,000 2.9 1,100 Carnilya Hill* 33,000 3.3 33,000 3.3 1,100 Otter Juan** 40,000 3.6 14,000 3.8 54,000 3.6 2,000 McMahon 242,000 2.4 242,000 2.4 5,600 Grand total 263,000 3.0 809,000 3.2 1,072,000 3.1 33,500
• Figures have been rounded and hence may not add up exactly to the given totals. * Reserves for Carnilya Hill are those attributable to Mincor – that is, 70% of the total Carnilya Hill Reserve. ** Otter Juan includes Coronet and McCloy. *** Miitel has been partly updated to December 2011 with inclusion of N29C and one extra level on the N29A.
Appropriate dilution for the various mining methods was applied to the Indicated and Measured Resources. Using a 1.5% nickel cut-off and minimum mining width criteria, areas were selected as being mineable. Additional modifying factors to account for ore loss, recovery, further dilution, etc were then applied to achieve an estimated Reserve.
The information in this Public Report that relates to Ore Reserves is based on information compiled by Mr Peter Teasdale, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Teasdale is a permanent employee of Mincor Resources NL. Mr Teasdale has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Teasdale consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Tabulation of Mineral Resources - Tottenham
Location Inferred (tonnes)
Grade (Cu %)
Indicated (tonnes)
Grade (Cu %) Total Tonnes Grade
(Cu %) Contained
Metal (tonnes)
Mt Royal 1,500,900 1.0 869,800 1.2 2,370,700 1.1 26,078
Carolina -‐ -‐ 1,336,200 1.2 1,336,200 1.2 16,034
Total 1,500,900 1.0 2,206,000 1.2 3,707,000 1.1 41,850 NOTE: Ore tonnage figures have been rounded to the nearest 100 tonnes. Grades have been rounded to the first decimal point. Estimation of contained copper may not equal ore tonnes x grade due to rounding. Resources calculated to a 0.25% copper cut-off.
Mineral Resources as at 30 June 2011***
RESOURCE MEASURED INDICATED INFERRED TOTAL Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Ni Tonnes
Mariners 125,000 3.6 417,000 4.8 65,000 3.5 608,000 4.4 26,900 Redross 31,000 5.1 138,000 2.9 67,000 2.9 236,000 3.2 7,500 Burnett 121,000 4.8 121,000 4.8 5,700 Miitel*** 175,000 4.2 318,000 3.6 545,000 3.0 1,038,000 3.4 35,100 Wannaway 123,000 2.6 16,000 6.6 139,000 3.0 4,200 Carnilya Hill* 63,000 4.1 41,000 2.3 0 0.0 104,000 3.4 3,500 Otter Juan** 45,000 3.3 114,000 4.7 79,000 2.3 238,000 3.7 8,700 McMahon/Ken 264,000 2.9 79,000 6.2 343,000 3.7 12,600 Durkin - - 251,000 5.2 127,000 5.0 378,000 5.1 19,300 Gellatly - - 29,000 3.4 - - 29,000 3.4 1,000 Cameron - - 96,000 3.3 - - 96,000 3.3 3,200 Stockwell - - 557,000 3.1 - - 557,000 3.1 17,100 Grand total 439,000 4.0 2,469,000 3.8 978,000 3.5 3,887,000 3.7 144,800
• Figures have been rounded and hence may not add up exactly to the given totals. • Note that Resources are inclusive of Reserves. * Resources shown for Carnilya Hill are those attributable to Mincor – that is, 70% of the total Carnilya Hill Resource. ** Otter Juan includes Coronet and McCloy. *** Miitel has been partly updated to December 2011 with inclusion of N29C and modification of N29A.
Resources are estimated to a 1% nickel cut-off. No minimum mining width criteria are used. The Resource estimation is done using inverse distance or kriging methods, depending on the data density. Volume models are constructed using all available data including underground drive and stope mapping. Grade interpolation using assay results from diamond drill core and, in places, underground face samples. The information in this Public Report that relates to Mineral Resources is based on information compiled by Mr Robert Hartley, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hartley is a permanent employee of Mincor Resources NL. Mr Hartley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hartley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Ore Reserves as at 30 June 2011***
RESERVE PROVED PROBABLE TOTAL Tonnes Ni (%) Tonnes Ni (%) Tonnes Ni (%) Ni Tonnes
Mariners 49,000 2.9 329,000 3.8 378,000 3.7 13,900 Redross 33,000 3.5 - - 33,000 3.5 1,200 Miitel*** 108,000 2.6 185,000 3.2 293,000 3.0 8,600 Wannaway - - 39,000 2.9 39,000 2.9 1,100 Carnilya Hill* 33,000 3.3 33,000 3.3 1,100 Otter Juan** 40,000 3.6 14,000 3.8 54,000 3.6 2,000 McMahon 242,000 2.4 242,000 2.4 5,600 Grand total 263,000 3.0 809,000 3.2 1,072,000 3.1 33,500
• Figures have been rounded and hence may not add up exactly to the given totals. * Reserves for Carnilya Hill are those attributable to Mincor – that is, 70% of the total Carnilya Hill Reserve. ** Otter Juan includes Coronet and McCloy. *** Miitel has been partly updated to December 2011 with inclusion of N29C and one extra level on the N29A.
Appropriate dilution for the various mining methods was applied to the Indicated and Measured Resources. Using a 1.5% nickel cut-off and minimum mining width criteria, areas were selected as being mineable. Additional modifying factors to account for ore loss, recovery, further dilution, etc were then applied to achieve an estimated Reserve.
The information in this Public Report that relates to Ore Reserves is based on information compiled by Mr Peter Teasdale, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Teasdale is a permanent employee of Mincor Resources NL. Mr Teasdale has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Teasdale consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Tabulation of Mineral Resources - Tottenham
Location Inferred (tonnes)
Grade (Cu %)
Indicated (tonnes)
Grade (Cu %) Total Tonnes Grade
(Cu %) Contained
Metal (tonnes)
Mt Royal 1,500,900 1.0 869,800 1.2 2,370,700 1.1 26,078
Carolina -‐ -‐ 1,336,200 1.2 1,336,200 1.2 16,034
Total 1,500,900 1.0 2,206,000 1.2 3,707,000 1.1 41,850 NOTE: Ore tonnage figures have been rounded to the nearest 100 tonnes. Grades have been rounded to the first decimal point. Estimation of contained copper may not equal ore tonnes x grade due to rounding. Resources calculated to a 0.25% copper cut-off.
company DescriptionRex minerals ltd (“Rex”) is an Australian minerals
exploration and development company with large-
scale copper-gold projects on the Yorke Peninsula,
South Australia. Rex has made an initial large-scale
copper-gold discovery at the Hillside Project and
aims to discover multiple large-scale copper-gold
deposits underneath shallow cover rocks on the Yorke
Peninsula. Rex is progressively expanding on the initial
Resource at Hillside and continuing with its regional
exploration program to achieve its vision of developing a
new large-scale, low-cost and long-life mining operation
on the Yorke Peninsula.
operationsRex’s flagship project is the Hillside copper-gold project
in South Australia. Rex made the Hillside discovery in
2008/2009 and is currently completing a pre-feasibility
study which is due in the second half of 2012.
Recent DevelopmentsRex has made additional shallow and high grade
copper discoveries at Hillside over the past six months
which will feed into an optimised mine plan for the
Hillside pre-feasibility study.
significant contractual arrangementsRex has engaged mining Plus for the mining studies
and Amec minproc for the metallurgical studies
associated with the Hillside pre-feasibility study.
future outlookRex has five drill rigs actively engaged at Hillside and
two additional drill rigs focussed on regional exploration
near Hillside. The Resource and mining options at
Hillside are expected to expand during the pre-feasibility
stage and a new discovery in this underexplored
landscape could be made at any stage. Rex is aiming
to produce a new mining operation at Hillside which
can produce over 100,000t copper equivalent (70,000t
copper, 50,000ozs gold and 1.3mt iron ore (>65% Fe))
for over 10 years.
11.35am – Rex minerals limited (ASX: RXm)
Resources / Reserves estimatesThe latest Resource estimate for the Hillside project, reported in mid-2011, is 217mt @ 0.7% copper and 0.2g/t
gold for 1.5mt copper and 1.4mozs gold.
Hillside Mineral Resource – June 2011
* Rex Minerals LimitedRex Minerals Limited (“Rex”) has completed an updated Mineral Resource estimate for its 100% owned Hillside copper project on the Yorke Peninsula, South Australia. The Inferred and Indicated Mineral Resource estimate at Hillside is 217Mt @ 0.7% copper, 0.2g/t gold and 8.9% magnetite which equates to 1.5Mtonnes of copper, 1.4Mozsof gold and 19Mt of magnetite. The current Resource estimate covers approximately 80% of a magnetic anomaly which has been used as the main targeting tool for the definition of copper at Hillside. Rex estimates a total target size at Hillside of between 1.6Mt and 2.1Mt of copper1.1The total target size is conceptual in nature, there has been insufficient exploration to define a Mineral Resource in excess of that currently announced, and while Rex has confidence in this target statement, it is uncertain if further exploration will result in the determination of additional Mineral Resources – This statement is made in accordance with the requirements of Clause 18 of the JORC Code 2004.
Competent Persons ReportThe information in this report that relates to Exploration Results or Mineral Resources is based on information compiled by Mr Patrick Say who is a Member of the Australasian Institute of Mining and Metallurgy and is a full time employee of Rex Minerals Ltd. Mr Say 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 of Exploration Results, Mineral Resources and Ore Reserves’. Mr Say consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Resources / Reserves Estimates:
The latest Resource estimate for the Hillside project, reported in mid-2011, is 217Mt @ 0.7% copper and 0.2g/t gold for 1.5Mt copper and 1.4Mozs gold.
Rex Minerals Limited (“Rex”) has completed an updated Mineral Resource estimate for its 100% owned Hillside copper project on the Yorke Peninsula, South Australia. The Inferred and Indicated Mineral Resource estimate at Hillside is 217Mt @ 0.7% copper, 0.2g/t gold and 8.9% magnetite which equates to 1.5Mtonnes of copper, 1.4Mozsof gold and 19Mt of magnetite. The current Resource estimate covers approximately 80% of a magnetic anomaly which has been used as the main targeting tool for the definition of copper at Hillside. Rex estimates a total target size at Hillside of between 1.6Mt and 2.1Mt of copper1. 1The total target size is conceptual in nature, there has been insufficient exploration to define a Mineral Resource in excess of that currently announced, and while Rex has confidence in this target statement, it is uncertain if further exploration will result in the determination of additional Mineral Resources – This statement is made in accordance with the requirements of Clause 18 of the JORC Code 2004. Competent Persons Report The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled by Mr Patrick Say who is a Member of the Australasian Institute of Mining and Metallurgy and is a full time employee of Rex Minerals Ltd. Mr Say 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 of Exploration Results, Mineral Resources and Ore Reserves’. Mr Say consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
company DescriptionNorthern Star is an emerging gold producing and
exploration company in the highly prospective regions
of the Ashburton and murchison in Western Australia
with a resource base nearing 1 million ounces.
Northern Star’s vision is to build a quality mining &
exploration company focused on creating profits for
shareholders. The core criteria to achieve this outcome
is to successfully mine gold and acquire future assets
that when re-evaluated can add significant value. The
acquisition of the high grade, high margin Paulsens
Gold mine has given Northern Star an immediate entry
into the Australian gold mining business.
Recent DevelopmentsSince the purchase of Paulsens gold mine, Northern
Star has undertaken an aggressive exploration
campaign that has extended the mine life of Paulsens.
In February 2011, as part of the Northern Star
Strategy we successfully acquired the nearby
Ashburton Tenements which contain mineral resources
for future extraction within trucking distance of the
Paulsens gold mine.
The company, due to its success, is reviewing
further assets that will provide future growth and
revenue to Northern Star Shareholders.
significant contractual arrangementsFollowing the purchase of the Paulsens gold mine and
paying back the purchase debt, Northern Star then
progressed to replace the existing underground mining
contractor with it’s own staff and mining equipment,
further reducing operating costs.
future outlookProject 100 - The company recently announced a
strategy to grow production to 200,000 ounces a year
in a two-stage process. Stage 1 will involve re-opening
the upper levels of the mine where the activities of
the previous owners were restricted by their $600/oz
hedge position. Stage 1 will also involve establishing
an open pit operation at the top of the mine and
opening additional mining areas parallel and at depth.
To increase production as part of Stage 1, the current
mill will be expanded from 350,000 tonnes a year to
450,000 tonnes a year. First production increases will
flow in the December Quarter 2012.
Project 200 - The company will continue to
explore at Ashburton with the aim of establishing a
100,000ozpa stand-alone operation.
12.00pm – Northern Star Resources limited (ASX: NST)
Resources / Reserves estimates
1 Resources are exclusive of Reserves and do not have demonstrated economic viability. 1 Resources for Ashburton Gold Project acquired February 2011
Competent Persons Statements The information in this announcement that relates to Paulsens and Mt Olympus mineral resource estimation, exploration results, data quality, geological interpretations, potential for eventual economic extraction and estimates of exploration potential, is based on information compiled by or under the supervision of Brook Ekers, (Member AIG), who is a full-time employee of Northern Star Resources Ltd. Mr. Ekers 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 of Exploration Results, Mineral Resources and Ore Reserves”.
Resources / Reserves Estimates:
1 Resources are exclusive of Reserves and do not have demonstrated economic viability. 1 Resources for Ashburton Gold Project acquired February 2011 Competent Persons Statements The information in this announcement that relates to Paulsens and Mt Olympus mineral resource estimation, exploration results, data quality, geological interpretations, potential for eventual economic extraction and estimates of exploration potential, is based on information compiled by or under the supervision of Brook Ekers, (Member AIG), who is a full-time employee of Northern Star Resources Ltd. Mr. Ekers 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 of Exploration Results, Mineral Resources and Ore Reserves". Presentation by: Bernie Sostak
Manager of Geology
Bernie Sostak is a Geologist with over 20 years in the Gold Industry with extensive experience in mine geology, resource estimations, planning and general operations management in underground and open pit. Held senior management roles with WMC, Broken Hill Metals and Coolgardie Gold. Most recently as Barrick’s Director of Resource/Reserve Strategy based in Toronto managing reserve replacement programs on 4 continents.
Contact Details:
Correspondence Address: Lyndall Weston
Phone Number: +61 8 6241 1866 Email Address: [email protected] Website: www.nsrltd.com
This profile is provided by the presenting company; ASX takes no responsibility for the information included. Participation in this event should not be taken as an endorsement by ASX of the company.
company DescriptionGrowth through Discovery, Sustainable Development
and expansion.
Kingsgate is a highly successful gold mining,
development and exploration company, traded on
the Australian Securities exchange (ASX: KcN). The
company is increasing gold and silver production,
growing its resource base and with exploration
upside is well on the way to becoming a world-class
precious metals miner rather than a mid-size ASX listed
Australian company with one goldmine in Thailand.
Kingsgate has significant expertise in gold
exploration, development and mining, using world’s
best practice for safe, environmental and socially
responsible operations. The company will continue to
grow organically and is establishing itself as a partner of
choice for projects and acquisition opportunities.
This clear growth strategy will underpin significant
earnings and dividend growth for all shareholders.
operationsKingsgate owns and operates two gold mines, the
world class chatree open pit mine in Thailand and the
challenger underground mine in South Australia. Gold
production in 2011 from the two mines was 113,000
ounces and this is expected to grow to over 200,000
ounces in 2012.
In addition, Kingsgate has two advanced
development projects, the Nueva esperanza silver/gold
project in chile and the Bowdens silver project in NSW.
Recent Developmentschatree mine has undergone a major expansion from
2.3mtpa to over 5mtpa that will take production from
76,000 ounces in 2011 to between 115,000 and
125,000 ounces in 2012.
For the two development projects, Kingsgate is
currently advancing feasibility studies that are expected
to be completed during the calendar year. These
studies could lead to construction decisions later this
year that could see these mining operations commence
in chile in late 2013 and in NSW in early 2014.
future outlookStrong production growth over the next three years
following the expansion at chatree and as the
development projects advance through feasibility,
construction and then production.
12.25pm – Kingsgate consolidated ltd (ASX: KcN)
Resources / Reserves estimatesAs at 30 June 2011 combined mineral Resources at chatree and challenger total 4.77m (“million) ounces of gold
and 27.3m ounces of silver in 131.8m tonnes with corresponding ore Reserves of 2.43m ounces of gold and
16.6m ounces of silver in 63.3m tonnes of ore.
combined mineral Resources at Nueva esperanza and Bowdens total 78.2m tonnes at 59.3g/t silver for 149.3m
ounces of silver with additional credits in gold, lead and zinc.
Competent Persons Statement:In this report, information concerning Thailand operations relates to Exploration Results, Mineral Resources and Ore Reserve estimates based on information compiled by the following Competent Persons: Ron James, Genesio Circosta, Guy Davies, Fiona Davidson and Suphanit Suphananthi who are employees of the Kingsgate Group and members of The Australasian Institute of Mining and Metallurgy. These people qualify as Competent Persons as defined in the Australasian code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2004 edition) and possess relevant experience in relation to the mineralisation of being reported herein as Exploration Results, Mineral resources and Ore reserves. Each Competent Person has consented to the Public reporting of these statements and the inclusion of the material in the form and context in which it appears.In this report, the information concerning Challenger operations that relates to Exploration Results, Mineral Resources and Ore Reserves estimates based on information compiled by Peter Bamford, Tony Poustie and Andrew Giles who are full-time employees of the Kingsgate Group. Peter Bamford and Tony Poustie are members of The Australasian Institute of Mining and Metallurgy and Andrew Giles is a member of the Australian Institute of Geoscientists. These persons have sufficient experience that is relevant to the mineralisation and type of deposit under consideration and to the activity that they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Peter Bamford, Tony Poustie and Andrew Giles consent to the inclusion in the report of the matters based on their information in the form in which it appears.The information in this report that relates to Bowdens and Laguna Resources Mineral Resource estimation is based on work completed by Jonathon Abbott who is a full-time employee of Hellman & Schofield Pty Ltd and a member of the Australasian Institute of Geoscientists. Mr Abbott has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Abbott consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.The information in this report that relates to data quality, comments on the resource estimates and economic potential of the estimated resources for Bowdens and Laguna Resources is based on information compiled by Ron James who is a member of the Australasian Institute of Mining and Metallurgy. Mr James has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
Source Category TonnesGold Silver Gold Silver
(Million) (g/t) (g/t) (M Oz) (M Oz)CHALLENGER Measured 0.81 3.97 -‐ 0.10 -‐
Indicated 2.62 7.00 -‐ 0.59 -‐Inferred 1.63 7.59 -‐ 0.40 -‐Total 5.07 6.71 -‐ 1.09 -‐
CHATREE Measured 59.2 0.95 7.2 1.81 13.8 Indicated 39.7 0.90 5.7 1.14 7.3 Inferred 19.3 0.87 4.9 0.54 3.0 Stockpiles 8.4 0.69 11.7 0.19 3.2 Total 126.7 0.90 6.7 3.68 27.3
TOTAL RESOURCES 131.8 1.13 6.4 4.77 27.3
Source Category TonnesGold Silver Gold Silver
(Million) (g/t) (g/t) (M Oz) (M Oz)CHALLENGER Proven 0.60 4.46 -‐ 0.09 -‐
Probable 2.74 5.94 -‐ 0.52 -‐Stockpiles incl -‐ -‐ -‐Total 3.34 5.67 -‐ 0.61 -‐
CHATREE Proven 36.0 0.99 8.5 1.14 9.86Probable 15.6 0.97 7.0 0.49 3.53Stockpiles 8.4 0.69 11.7 0.19 3.2Total 60.0 0.94 8.6 1.82 16.56
TOTAL RESERVES 63.3 1.03 8.6 2.43 16.56
Source Category TonnesSilver
EquivalentGold Silver Lead Zinc Gold Silver AgEq
(Million) (g/t) (g/t) (%) (%) (M Oz) (M Oz) (M Oz)NUEVA ESPERANZA Indicated 11.2 0.32 81.0 -‐ -‐ 0.12 29.2 34.4(see Note below) Inferred 8.8 0.20 73.8 -‐ -‐ 0.06 20.8 23.3
Total 20.00 0.25 77.8 -‐ -‐ 0.16 49.9 57.1
BOWDENS Indicated 31.2 -‐ 60.6 0.3 0.4 -‐ 60.8 78.0Inferred 27.0 -‐ 44.0 0.3 0.4 -‐ 38.7 53.0TOTAL 58.2 -‐ 52.9 0.3 0.4 -‐ 99.4 131.0
TOTAL RESOURCES 78.20 -‐ 59.3 -‐ -‐ 0.16 149.3 188.1
Notes: (1) Nueva Esperanza figures are those attributable to Kingsgate Consolidated (70%)(2) Nueva Esperanza silver equivalent (AgEq) on the basis of gold/silver ratio of 45 calculated as Au*Eq + Ag, where Eq = (Price Gold * Recovery Gold) / (Price Silver * Recovery Silver); Price basis US$1250/oz Au and US$30/oz Ag; and Metallurgical recovery basis 85% Au and 78% silver(3) Bowdens silver equivalent (AgEq) g/t = Ag (g/t) + 22.4 x Pb (%) + 25.5 x Zn (%)(4) Cut-‐off grade for Chatree is 0.4g/t Au; Nueva Esperanza is 0.5g/t AuEq; Bowdens is 30g/t AgEq(5) Bowdens was purchased after 30 June 2011
Mineral Resources -‐ Nueva Esperanza & Bowdens
Grade Contained Ounces
Mineral Resources (Inclusive of Ore Reserves and Stockpiles) Grade Contained Ounces
Challenger and Chatree Ore Reserves
Grade (g/t)Contained Ounces
(M Oz)
Source Category TonnesGold Silver Gold Silver
(Million) (g/t) (g/t) (M Oz) (M Oz)CHALLENGER Measured 0.81 3.97 -‐ 0.10 -‐
Indicated 2.62 7.00 -‐ 0.59 -‐Inferred 1.63 7.59 -‐ 0.40 -‐Total 5.07 6.71 -‐ 1.09 -‐
CHATREE Measured 59.2 0.95 7.2 1.81 13.8 Indicated 39.7 0.90 5.7 1.14 7.3 Inferred 19.3 0.87 4.9 0.54 3.0 Stockpiles 8.4 0.69 11.7 0.19 3.2 Total 126.7 0.90 6.7 3.68 27.3
TOTAL RESOURCES 131.8 1.13 6.4 4.77 27.3
Source Category TonnesGold Silver Gold Silver
(Million) (g/t) (g/t) (M Oz) (M Oz)CHALLENGER Proven 0.60 4.46 -‐ 0.09 -‐
Probable 2.74 5.94 -‐ 0.52 -‐Stockpiles incl -‐ -‐ -‐Total 3.34 5.67 -‐ 0.61 -‐
CHATREE Proven 36.0 0.99 8.5 1.14 9.86Probable 15.6 0.97 7.0 0.49 3.53Stockpiles 8.4 0.69 11.7 0.19 3.2Total 60.0 0.94 8.6 1.82 16.56
TOTAL RESERVES 63.3 1.03 8.6 2.43 16.56
Source Category TonnesSilver
EquivalentGold Silver Lead Zinc Gold Silver AgEq
(Million) (g/t) (g/t) (%) (%) (M Oz) (M Oz) (M Oz)NUEVA ESPERANZA Indicated 11.2 0.32 81.0 -‐ -‐ 0.12 29.2 34.4(see Note below) Inferred 8.8 0.20 73.8 -‐ -‐ 0.06 20.8 23.3
Total 20.00 0.25 77.8 -‐ -‐ 0.16 49.9 57.1
BOWDENS Indicated 31.2 -‐ 60.6 0.3 0.4 -‐ 60.8 78.0Inferred 27.0 -‐ 44.0 0.3 0.4 -‐ 38.7 53.0TOTAL 58.2 -‐ 52.9 0.3 0.4 -‐ 99.4 131.0
TOTAL RESOURCES 78.20 -‐ 59.3 -‐ -‐ 0.16 149.3 188.1
Notes: (1) Nueva Esperanza figures are those attributable to Kingsgate Consolidated (70%)(2) Nueva Esperanza silver equivalent (AgEq) on the basis of gold/silver ratio of 45 calculated as Au*Eq + Ag, where Eq = (Price Gold * Recovery Gold) / (Price Silver * Recovery Silver); Price basis US$1250/oz Au and US$30/oz Ag; and Metallurgical recovery basis 85% Au and 78% silver(3) Bowdens silver equivalent (AgEq) g/t = Ag (g/t) + 22.4 x Pb (%) + 25.5 x Zn (%)(4) Cut-‐off grade for Chatree is 0.4g/t Au; Nueva Esperanza is 0.5g/t AuEq; Bowdens is 30g/t AgEq(5) Bowdens was purchased after 30 June 2011
Mineral Resources -‐ Nueva Esperanza & Bowdens
Grade Contained Ounces
Mineral Resources (Inclusive of Ore Reserves and Stockpiles) Grade Contained Ounces
Challenger and Chatree Ore Reserves
Grade (g/t)Contained Ounces
(M Oz)
company DescriptionSilver lake is an ASX 200 gold producing and
exploration company with a resource base of 3.3 million
oz in highly prospective regions including the mount
monger goldfield and the murchison. Silver lake’s
strategy is to develop large production centres at mount
monger and at the murchison with multiple mines at
each centre. current production rate is 100,000 ozpa
ramping up to 300,000 ozpa in 2014.
Silver lake’s mount monger operation contains
the Daisy milano, Daisy east, Rosemary & Haoma
underground mines and the Wombola Dam open pit
mine located 50 km south east of Kalgoorlie.
mount monger has additional multi mine potential
underpinned by emerging open pit production from the
Wombola Pit and magic deposits.
Gold ore from mount monger is transported to Silver
lake’s lakewood Gold Processing Facility located
5 km south east of Kalgoorlie and 45 km from the
Daisy milano mine. This facility has been expanded
to 700,000 tonnes per annum and is currently being
expanded to 1 million tonnes per annum by September
2012 quarter.
In the murchison, Silver lake is developing a
second mining operation with multiple mines feeding
a central processing facility. A 1.2 million tonne per
annum mill has been acquired for this project and
production is expected to commence in the march
2013 quarter.
At the eelya complex, part of the murchison project,
a high grade copper discovery has been made at
Hollandaire. The Hollandaire deposit contains copper,
gold, silver & zinc with grades up to 45% cu, 5.5 g/t Au
and 256 g/t Ag.
Silver lake’s exploration programme is targeting 10
million oz Au in resource over time.
operationsThe mount monger operations currently produce
100,000 ounces per annum. Silver lake is targeting to
increase production from the mount monger operations
to 200,000 ounces per annum by 2014 via mining from
multiple underground and open pit ore sources. Silver
lake’s mount monger operations have a current JoRc
resource of 5.1 million tonnes at 8.9 g/t for 1.5 million
ounces of gold (refer to table 1).
In the murchison, Silver lake is developing a
second gold mining operation with multiple mines
feeding a central processing facility. Production is
expected to commence in the march 2013 quarter
ramping up to 100,000 ounces per annum in 2014.
The murchison Project has a current JoRc resource of
18.4 million tonnes at 2.8 g/t for 1.7 million ounces of
gold (refer to table 1).
Recent DevelopmentsSilver lake has entered into an agreement with Phillips
River mining ltd (ASX PRH: “Phillips River”) to merge
the Phillips River’s assets into Silver lake by a Scheme
of Arrangement (“Scheme”). The assets contain 1
million oz Au, 10 million oz Ag and 95,000 tonnes of
copper. The scheme is expected to be completed in
the June 2012 quarter.
significant contractual arrangements All of Silver lake’s projects are 100% owned.
future outlookSilver lake is fully funded to grow gold production to
300,000 ounces per annum in 2014. Silver lake is
also one of the most active and successful explorers
in Western Australia. Silver lake has a long term
commitment to exploration with a budget of $18 million
per annum for gold exploration and has allocated $20
million to advance the base metal targets at eelya Hill,
part of its murchison project, following the discovery of
the high grade copper deposit at Hollandaire.
12.50am – Silver lake Resources ltd (ASX: SlR)
Resources / Reserves estimatesResource inventory – June 2011
Table 1: June 2011 ResourceRounding may give rise to unit discrepancies in this tableNotes to table 1: Murchison open pit resources include mineralisation down to 100 metres depth below the surface.Murchison underground resources include mineralisation below 100 metres depth from the surface.Lena resource is 3.2 million tonnes at 3.0 g/t Au for 313,025 ounces.The information in this report that relates to Exploration Results and Mineral Resources for Silver Lake is based on information compiled by Mr Christopher Banasik who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Banasik is a full time employee of Silver Lake Resources Ltd, and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 edition of the JORC Code. Mr Banasik has given his consent to the inclusion in the report of the matters based on the information in the form and context in which it appears.Information that relates to exploration and production targets refers to targets that are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.The information on exploration targets are based on a conceptual range of targets as follows:Tonnage range: 50 million to 100 million tonnesGrade range: 3 g/t Au to 8 g/t AuOunces: 5 million to 10 million
company Descriptioncrusader Resources limited (ASX:cAS) (crusader)
is a minerals company focussed on the identification,
acquisition, development and operation of resource
projects in Brazil. crusader believes that Brazil is a
vastly underexplored country with high potential for
the discovery of world class mineral deposits. The
company has already acquired a diverse portfolio of
projects including gold, iron ore, tin, tungsten and
uranium and continues to utilise its strong networks in
Brazil to identify new opportunities.
crusader is characterised by a tight corporate
structure and features experienced in-country
management as well as an expert board of directors
who are strongly focussed on the success of the
company.
operationsBorborema Gold Project
The 100% crusader owned Borborema Gold Project
is located in north east Brazil in the state of Rio Grande
do Norte, 140km west of the capital, Natal and 25
km from the town of currais Novos which has a ready
and experienced workforce. excellent infrastructure
surrounds the project including a federal highway
(BR226 ) bisecting the project, high tension power lines
and an onsite dam.
A Bankable Feasibility Study was launched at
the end of 2011 after a positive Pre-Feasibility Study
returned a strong and robust economic case in
September 2011.
Drilling continues with 7 rigs on site and a further
Resource upgrade is expected in the first half of 2012
Posse Iron Ore Project
The Posse Iron ore Project is 100% crusader owned
and is located 30km from the city of Belo Horizonte –
widely known as the mining capital of Brazil.
With an experienced mining workforce amongst a
population of over 2.3 million people, the infrastructure
and access to the domestic steel market around the
Posse project is excellent.
crusader Resources has completed the Stage
1 iron ore beneficiation plant, which consists of dry
treatment targeting high grade hematite veins and the
company is now ready to begin production immediately,
once final approvals from the state environmental
agency have been received.
Recent Developmentscrusader continues to actively explore the Borborema
Gold Project. There are currently 5 diamond and
2 Rc rigs drilling at Borborema, focussing on infill,
geotechnical and metallurgical drilling as well as
numerous soil anomalies which surround the project.
A Bankable Feasibility Study is due to be completed
in the 3rd quarter of 2012 and subject to a successful
outcome, first gold could be poured as early as 2014.
future outlookcrusader has assembled a massive land package
(Borborema Project area expanded from 30km2 to
over 3500km2) and has the knowledge gained from
a deep understanding of the mineralisation model at
Borborema. coupled with first mover status, this is a
powerful combination. crusader has implemented an
exploration program in 2012 and is focussed on finding
the next Borborema.
1.55pm – crusader Resources limited (ASX: cAS)
Resources / Reserves estimatesBorborema Gold Project
In December 2011, crusader updated the JoRc compliant Indicated and Inferred mineral Resource estimate at
Borborema, using a 0.5 g/t cut-off grade, to 68 million tonnes at 1.06g/t for 2.31 million ounces of gold. This is an
increase from the previous JoRc compliant resource estimate of 44mt at 1.30g/t for 1.86moz calculated in June
2011. A further resource update is expected to be completed in the first half of 2012.
Borborema JORC Resource November 2011
Posse Iron Ore Project
The Posse Iron project has a mineral Resource of 36mt @ 43.5% Fe.
Posse – Mineral Resource January 2009
Competent Person StatementThe information in this report that relates to Exploration Results is based on information compiled or reviewed by Mr. Robert Smakman, who is a Fellow of The Australasian Institute of Mining and Metallurgy and is a full-time employee of the company. Mr. Smakman has sufficient experience in the type of deposits under consideration and the activities being undertaken to qualify as a Competent Person as defined in the December 2004 Edition of the Australasian Code for reporting of Exploration Results, Minerals Resources and Ore Reserves and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.The information in this report that relates to Posse Fe Mineral Resources is based on and accurately reflects, information compiled by Mr. Bernardo Viana who is a full time employee of Coffey Mining Pty Ltd and Member of the Australian Institute of Mining and Metallurgy. Mr. Viana has sufficient experience that 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 of Exploration Results, Mineral Resources and Ore Reserves. Mr. Viana consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.The information in this report that relates to Borborema Gold Mineral Resources is based on information compiled by Mr. Lauritz Barnes and Mr. Brett Gossage who are both Members of The Australasian Institute of Mining and Metallurgy. Messrs Barnes and Gossage are both independent consultants to Crusader Resources Limited. Both Messrs Barnes and Gossage have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which is being undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Messrs Barnes and Gossage consent to the inclusion in the report of the matters based on the information in the form and context in which they appear.
Posse Iron Ore Project The Posse Iron project has a Mineral Resource of 36Mt @ 43.5% Fe.
Competent Person Statement The information in this report that relates to Exploration Results is based on information compiled or reviewed by Mr. Robert Smakman, who is a Fellow of The Australasian Institute of Mining and Metallurgy and is a full-time employee of the company. Mr. Smakman has sufficient experience in the type of deposits under consideration and the activities being undertaken to qualify as a Competent Person as defined in the December 2004 Edition of the Australasian Code for reporting of Exploration Results, Minerals Resources and Ore Reserves and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to Posse Fe Mineral Resources is based on and accurately reflects, information compiled by Mr. Bernardo Viana who is a full time employee of Coffey Mining Pty Ltd and Member of the Australian Institute of Mining and Metallurgy. Mr. Viana has sufficient experience that 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 of Exploration Results, Mineral Resources and Ore Reserves. Mr. Viana consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. The information in this report that relates to Borborema Gold Mineral Resources is based on information compiled by Mr. Lauritz Barnes and Mr. Brett Gossage who are both Members of The Australasian Institute of Mining and Metallurgy. Messrs Barnes and Gossage are both independent consultants to Crusader Resources Limited. Both Messrs Barnes and Gossage have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which is being undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Messrs Barnes and Gossage consent to the inclusion in the report of the matters based on the information in the form and context in which they appear. Future Outlook:
Crusader has assembled a massive land package (Borborema Project area expanded from 30km2 to over 3500km2) and has the knowledge gained from a deep understanding of the mineralisation model at Borborema. Coupled with first mover status, this is a powerful combination. Crusader has implemented an exploration program in 2012 and is focussed on finding the next Borborema.
Posse Iron Ore Project The Posse Iron project has a Mineral Resource of 36Mt @ 43.5% Fe.
Competent Person Statement The information in this report that relates to Exploration Results is based on information compiled or reviewed by Mr. Robert Smakman, who is a Fellow of The Australasian Institute of Mining and Metallurgy and is a full-time employee of the company. Mr. Smakman has sufficient experience in the type of deposits under consideration and the activities being undertaken to qualify as a Competent Person as defined in the December 2004 Edition of the Australasian Code for reporting of Exploration Results, Minerals Resources and Ore Reserves and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to Posse Fe Mineral Resources is based on and accurately reflects, information compiled by Mr. Bernardo Viana who is a full time employee of Coffey Mining Pty Ltd and Member of the Australian Institute of Mining and Metallurgy. Mr. Viana has sufficient experience that 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 of Exploration Results, Mineral Resources and Ore Reserves. Mr. Viana consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. The information in this report that relates to Borborema Gold Mineral Resources is based on information compiled by Mr. Lauritz Barnes and Mr. Brett Gossage who are both Members of The Australasian Institute of Mining and Metallurgy. Messrs Barnes and Gossage are both independent consultants to Crusader Resources Limited. Both Messrs Barnes and Gossage have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which is being undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Messrs Barnes and Gossage consent to the inclusion in the report of the matters based on the information in the form and context in which they appear. Future Outlook:
Crusader has assembled a massive land package (Borborema Project area expanded from 30km2 to over 3500km2) and has the knowledge gained from a deep understanding of the mineralisation model at Borborema. Coupled with first mover status, this is a powerful combination. Crusader has implemented an exploration program in 2012 and is focussed on finding the next Borborema.
company Description Focus minerals ltd (ASX: Fml) is one of Australia’s
most dynamic gold producers that has built an enviable
reputation for turning exploration success into profitable
production.
During 2011, Focus transitioned from being a gold
producer from one underground mine in coolgardie,
to build two new mines in the area and complete the
acquisition of crescent Gold to add the laverton Gold
project as a fourth producing mine for the group.
This has seen the company double its resources
to 4.3moz; triple its reserves to 623,00oz and double
its year-on-year production goals to be targeting to
produce up to 200,000oz of gold in cY 2012.
operationsFocus has four producing mines across two
geographic regions in Western Australia. These are:
• Coolgardie Region: Tindals underground, Tindals
open pits, and The mount underground. ore is
processed in coolgardie through Focus’ Three mile
Hill mill, a 1.3mtpa processing centre which is the
largest in the coolgardie region. operations are
targeted to produce circa 90-100,000oz pa.
• Laverton Region: laverton Gold project, a large scale
open pit operation. ore is currently processed through
an ore Processing Agreement at the 3.5mtpa Barrick
Granny Smith mill for which the laverton operations
currently provide 2/3rds of the required feed. In
addition Focus has the 1.5mtpa Barnicoat mill which is
currently on maintenance. operations are targeted to
produce circa 100,000oz pa.
Focus also has three major regional exploration centres.
These are:
• Laverton: Has over 1,200sq. km of tenements in a
region of multi-million ounce mines with significant
exploration potential along a number of major shear
structures including the chatterbox shear.
• Greater Coolgardie: Has over 200 sq. km of
exploration potential outside of the main Tindals
mining centre in coolgardie where the majority of its
exploration effort has previously been focused.
• Treasure Island Gold Project: Treasure Island sits
35km south-south east along strike from the major
gold camp of St Ives at Kambalda at the bottom of
the Boulder-lefroy fault, the main gold producing
system in the Kalgoorlie region.
Recent Developments• New mines in Coolgardie: Through 2011, Focus
built and took into production two major new mining
operations in coolgardie. These are The mount
underground mine and the Tindals open Pits. Both
operations are currently ramping up production.
• Laverton Gold Project: After acquiring crescent
Gold and the laverton Gold project through 2011,
in the space of just six months, the Focus team has
successfully turned around the production fortunes
at laverton to position the operation for significant
production growth. It mined 36,000oz in the
December Quarter, laverton’s best Quarter’s mining
on record.
• Treasure Island: Treasure Island has been a
completely greenfields exploration program with
Focus putting the first ever drilling programme
into the region. This has identified an extensive
mineralised system of a style that is very similar to
that seen at the St Ives gold camp.
significant contractual arrangements• Crescent Gold: 81.57% ownership and control of
crescent Gold
• OPA: ore processing agreement with Barrick
Granny Smith for processing ore from the laverton
Gold Project.
future outlookFocus is targeting to produce up to 200,000oz of gold
in calendar 2012 and drive strong cash flow generation
from its operations.
2.20pm – Focus minerals limited (ASX: Fml)
Resources / Reserves estimates
NOTE: Some errors may result due to rounding. Includes 100% of Crescent’s Resources & Reserves. Focus had an 81.57% shareholding interest in Crescent as of 5th October 2011.
COMPETENT PERSON’S STATEMENTThe information in this report that relates to Exploration Results and Minerals Resources across the Coolgardie region is based on information compiled by Mr Dean Goodwin who is a member of the Australian Institute of Geoscientists. Mr Goodwin is a full time employee of Focus Minerals and has sufficient experience that 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 of Exploration Results, Mineral Resources and Ore Reserves”. Mr Goodwin consents to the inclusion in the report of the matters based on the information in the form and content in which it appears.The information in this report that relates to Ore Reserves across the Coolgardie region is based on information compiled by Mr Bradley Valiukas, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Valiukas is a full time employee of Focus Minerals and has sufficient experience that 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 of Exploration Results, Mineral Resources and Ore Reserves”. Mr Valiukas consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.The information in this report that relates to gold Exploration Results and Mineral Resources across the Laverton region is based on information compiled by Mr Jeff Ion, who is a Member of the Australian Institute of Geoscientists and a Member of the Australasian Institute of Mining and Metallurgy and is employed by Crescent Gold Limited. The information in this report that relates to Ore Reserves utilising open pit extraction across the Laverton region is based on information compiled by Mr Steve O’Grady, who is a Member of the Australasian Institute of Mining and Metallurgy and is an independent consultant. They each 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 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. They each consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Resources / Reserves Estimates:
Resource Estimates Table 1 - Current Resources (Sept 2011 Coolgardie; Jun 2011 Laverton) Resource Tonnes Grade AU g/t Ounces Measured 2,358,000 3.0 225,000 Indicated 29,009,000 2.4 2,275,000 Inferred 21,804,000 2.5 1,768,000 TOTAL 53,171,000 2.5 4,268,000
Table 2 - Previous Resources (Sept 2010 Coolgardie) Resource Tonnes Grade AU g/t Ounces Measured 441,000 5.90 83,000 Indicated 13,214,000 2.20 943,000 Inferred 10,619,000 3.00 1,024,000 TOTAL 24,274,000 2.60 2,050,000
Reserve Estimates
Table 3 - Current Reserves (Sept 2011 Coolgardie; Jun 2011 Laverton) Resource Tonnes Grade AU g/t Ounces Proven 1,158,000 2.3 87,300 Probable 5,559,000 2.6 470,500 TOTAL 8,974,000 2.2 623,400
Table 4 - Previous Reserves (Sept 2010 Coolgardie) Resource Tonnes Grade AU g/t Ounces Proven 167,000 3.90 21,000 Probable 2,542,000 2.60 208,800 TOTAL 2,709,000 2.60 229,800
NOTE: Some errors may result due to rounding. Includes 100% of Crescent’s Resources & Reserves. Focus had an 81.57% shareholding interest in Crescent as of 5th October 2011. COMPETENT PERSON’S STATEMENT The information in this report that relates to Exploration Results and Minerals Resources across the Coolgardie region is based on information compiled by Mr Dean Goodwin who is a member of the Australian Institute of Geoscientists. Mr Goodwin is a full time employee of Focus Minerals and has sufficient experience that 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 of Exploration Results, Mineral Resources and Ore Reserves”. Mr Goodwin consents to the inclusion in the report of the matters based on the information in the form and content in which it appears. The information in this report that relates to Ore Reserves across the Coolgardie region is based on information compiled by Mr Bradley Valiukas, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Valiukas is a full time employee of Focus Minerals and has sufficient experience that 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 of Exploration Results, Mineral Resources and Ore Reserves”. Mr Valiukas consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to gold Exploration Results and Mineral Resources across the Laverton region is based on information compiled by Mr Jeff Ion, who is a Member of the Australian Institute of Geoscientists and a Member of the Australasian Institute of Mining and Metallurgy and is employed by Crescent Gold Limited. The information in this report that relates to Ore Reserves utilising open pit extraction across the Laverton region is based on information compiled by Mr Steve O'Grady, who is a Member of the Australasian Institute of Mining and Metallurgy and is an independent consultant. They each 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 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. They each consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Significant Contractual Arrangements:
• Crescent Gold: 81.57% ownership and control of Crescent Gold • OPA: Ore processing agreement with Barrick Granny Smith for processing ore from the Laverton Gold Project.
Future Outlook:
Focus is targeting to produce up to 200,000oz of gold in calendar 2012 and drive strong cash flow generation from its operations.
Resources / Reserves estimates
Reserve classification oil gas equivalent npV10
(Mmbo) (Bcf) (Mmboe) (us$mm)
Proved (1P) 1.8 37.4 8.0 71.7
Proved + Probable (2P) 2.3 88.7 17.1 119.7
Proved + Probable + Possible (3P) 2.6 136.5 25.4 157.2
Notes & Assumptions:1. All of these reserves are from shale gas, conventional oil and gas and coal bed methane accumulations, at depths ranging from 400 to 5,000 feet.
The producing zones range in age from Pennsylvanian to Cambrian and are located in the Cherokee basin of Oklahoma in the United States. 2. NPV10 (Net Present Value at a 10% discount) values are in USD and are for Red Fork’s Net Revenue interest.3. The reserves are based on an oil price of US$85.00 per bbl flat and a starting gas price of US$4.58 per mmbtu escalated to a maximum of US$7.00
per mmbtu for the life of each well. 4. Volumes presented are for Red Fork’s 100% Working Interest in each of its projects.5. Barrel of Oil Equivalent (Boe) is calculated on a 6:1 conversion of gas to oil.
company DescriptionRed Fork is an oklahoma based oil and gas exploration
and production company that is listed on the Australian
Stock exchange. The company is focused on
acquiring and developing acreage in lower risk proven
oil and gas provinces in projects that have low finding,
development and operating costs and shallow rates of
decline.
our strategy is centered on unlocking value in large
resource type plays as well as overlooked conventional
plays by leveraging operational experience and
contemporary drilling and completion methods.
operationsRed Fork owns and operates four projects in
oklahoma, Northern oklahoma (Big River), east
oklahoma, West Tulsa and osage. All of these projects
are 100% owned and operated.
Recent DevelopmentsRed Fork energy has been actively increasing acreage
in the new horizontal mississippian oil and liquids rich
gas play in oklahoma and now holds approximately
73,000 net (select high grade) acres in the heart of this
rapidly developing play.
The company has acreage across five of the key
counties (Grant, Kay, Noble, Payne & Pawnee) in the
north eastern limb of the play.
Red Fork’s successful leasing activities are
ongoing and planned horizontal drilling programs have
commenced.
2.45pm – Red Fork energy limited (ASX: RFe)
Notes
company Descriptionelemental minerals limited is an advanced mining
exploration and development company that aims
to grow shareholder value through its 93%-owned
Sintoukola Potash Project on the Republic of congo
coastline. elemental minerals is dual listed on the
Australian Stock exchange and the Toronto Stock
exchange under the symbol elm.
The Sintoukola Potash project is situated in a
geological environment commonly referred to as the
congo Basin which stretches from Gabon to Angola on
the western seaboard of Africa.
In April 2011 the company’s maiden mineral
Resource statement was released that resulted
from Phase 1 exploration at Kola. Having set out an
exploration Target of 170 million tonnes to 300 million
tonnes of sylvinite grading at between 23.1% and
23.5% K2o, the company released a sylvinitre mineral
Resource in the indicated resource of 362 million
tonnes and an inferred resource of 442 million tonnes,
both grading at 19.6% K2o. Significantly, within that
mineral Resource the company defined a high grade
zone containing an indicated mineral Resource of 151
million tonnes and an inferred mineral Resource of 186
million tonnes, both grading at 25.2% K2o, which is
approximately 40% Kcl.
The Phase 1 footprint was 28 km2 of the 1,436
km2 permit area.
operationsSintoukola Potash Project
Recent Developments• Phase 2, 164 line kilometre high resolution seismic
survey completed, in support of the planned update
to the mineral Resource estimate for estimation of
mineral Reserves
• Phase 2 exploration field program continues,
comprising 47 drill holes (13,295 metres) for
resource infill, resource expansion, geotechnical and
hydro-geological purposes
• Initial metallurgical test work has delivered excellent
results, including:
– overall Kcl flotation recovery of 94.8% with good
flotation kinetics
– Insoluble content of less than 1%, allowing the
possibility of single stage de-sliming
• Pre-feasibility trade-off studies completed and base
case revised
• lIDAR airborne topographic survey completed for
mine site and infrastructure corridors
• Bathymetric survey completed and site selection for
jetty shiploader facility finalised
• onshore and offshore geophysical seismic
refraction survey completed at the location of the
jetty shiploader facility and process plant
• Geotechnical program on the transport corridor and
plant location completed, consisting of 40 trial pits,
16 cPT test (300 metres) and 16 boreholes (308
metres)
• Two new potash domains to be drill tested; one
surrounding and contiguous to the existing Kola
deposit (Kola High), the other, at the Dougou area
(Dougou Rise) to the southwest.
future outlookThe company is set to deliver the following this year
• Updated Resource statement at the beginning of
Q2 2012
• Pre-feasibility study at the beginning of Q3 2012
• ordering of long-lead items Q4 2012
• Definitive feasibility study Q1 2013
3.10pm – elemental minerals limited(ASX: elm)
elementalm i n e r a l s l i m i t e d
Resources / Reserves estimatesmineral Resource Summary – Kola Deposit of Sintoukola Project
• The Sintoukola Project’s Kola deposit currently contains 362 mt Indicated mineral Resources and 442 mt
Inferred mineral Resources, with an average grade of 19.5% K2o (30.8% Kcl) and 19.6% K2o (31.0% Kcl)
respectively, at a 15.0% K2o cut-off grade.
• Within such mineral Resources, the upper seam of the Kola deposit contains 229 mt Indicated mineral
Resources and 289 mt Inferred mineral Resources, grading at 21.3% K2o (33.8% Kcl) and 21.4% K2o (33.9%
Kcl) respectively, which upper seam is a higher-grade sylvinite only zone.
• The upper seam has a high-grade domain containing 151 mt Indicated mineral Resources and 186 mt Inferred
mineral Resources, grading at 25.1% K2o (39.7% Kcl) and 25.2% K2o (40.0% Kcl) respectively, at a 20.0%
K2o cut-off grade of pure sylvinite in a largely continuous mineralized horizon. This deposit is contained within
28 km2 of the current 1,400 km2 license area and current exploration activities aim to test a much larger area of
the license to further expand resources.
• The mineral Resources are reported in accordance with the Australasian code for Reporting of exploration
Results, mineral Resources and ore Reserves 2004 edition (The JoRc code), which is consistent with
canadian Institute of mining, metallurgy and Petroleum (cIm) Definition Standards 2005 and hence complies
with NI 43-101.
Competent Person / Qualified Person Statement:Information in this report that relates to Exploration Results or Mineral Resources is based on information compiled by Simon Dorling and Jeff Elliott, of CSA Global Pty Ltd, the Company’s geological consultants. Dr. Dorling and Mr. Elliott are members of the Australian Institute of Geoscientists (MAIG) and have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Dr. Dorling and Mr. Elliott are also Qualified Persons for the purposes of Canadian National Instrument 43-101 and they consent to the inclusion in this report of the Information, in the form and context in which it appears.Further information respecting Elemental’s Sintoukola Project is contained in a technical report entitled ‘‘NI 43-101 Technical Report, Sintoukola Potash Project, Republic of Congo’’ prepared by Neal Rigby of SRK Consulting (U.S.), Inc. and Messrs. Simon Dorling, Jeff Elliott, Andrew Scogings and Peter Davies of CSA Global Pty Ltd. for the Company dated August 1, 2011 with an effective date of June 10, 2011 (the “Technical Report”). The Technical Report can be accessed on the Company’s profile on SEDAR.
company DescriptionPlatinum Australia (ASX code: PlA) is moving toward
being one of the lowest cost producers in the industry
with its 100,000 oz PGm per annum Smokey Hills
Platinum mine scheduled to achieve design production
in 2012.
PlA is planning to develop two other projects in
South Africa, Rooderand (PlA earning 70% from Atla
mining) and Kalahari Platinum (PlA earning 49% from
ARmplatinum).
Following completion of a positive Pre Feasibility
Study, development of the 4.2 moz PGm Rooderand
Project is planned to commence as soon as a mining
Right is issued, expected in late 2012. Development
envisages a 10 year life open pit operation, followed by
a further 7 years of underground, producing 120,000
ozs per annum.
Following the completion of a positive Definitive
Feasibility Study, development of the 6.7 moz Kalahari
Project is expected to commence in late 2013. An initial
production of 110,000 ozs per annum from open pit
operations is planned.
In Australia PlA is evaluating the development of
the 2.4 moz PGm Panton Project. The project would
produce 90,000 ozs per annum from open pit and
underground operations.
PlA has an exciting portfolio of development
projects containing in excess of 14 moz PGm, and is
actively seeking further quality projects.
operationsSmokey Hills Platinum Mine
Smokey Hills is a shallow underground mine located
on the eastern limb of the Bushveld Igneous complex
which is designed to produce 720,000 tpa to produce
95,000 ozs 4e PGm per annum from an on-site
processing facility. The operation is currently in ramp
up and is expected to produce 70,000 ozs 4e PGm in
2012. The shallow nature of the mine, combined with
the relatively high grades of 4.5 g/t will make Smokey
Hills one of the lowest cost producers in the industry.
The operation has a life of mine off take agreement with
Impala Refining Services for its concentrate. Platinum
Australia has a 70% direct interest and ~85% economic
interest in the project.
Kalahari Platinum Project
The Kalahari Platinum Project is unique in South Africa
in that it is the only Platinum Project which is not
located on the Bushveld Igneous complex which is
the geological complex hosting all of the South African
platinum mines. The Platinum Group metals are present
in three high grade magnetite reefs within the Stella
layered Intrusive, a geological body similar in genesis
to the Bushveld. The main reef, known as the Um Reef
is generally between 2 and 6 metres thick, with grades
around 4 to 6 g/t 3e PGm. The completed Definitive
Feasibility Study envisages developing the project as a
series of 7 or 8 open pit mines over a strike length of
12 kilometres, treating 1.5 mTPA to produce approx.
110,000 ozs 3e per annum. The mine is expected
to be one of the lowest cost in the industry and has
the potential to continue operations as a mechanized
underground operation following completion of the
open pit mining. Platinum Australia is earning a 49%
interest in the project from African Rainbow minerals
following completion of the Definitive Feasibility Study.
3.50pm – Platinum Australia limited (ASX: PlA)
Rooderand Platinum Project
A Definitive Feasibility Study is due to be completed
on the Rooderand Project in the June Quarter 2012.
The development of the project envisages a 10 year
open pit operation followed by a 7 year underground
operation. The mine would produce 1.2 mTPA and
produce 120,000 ozs 4e, as well as significant copper
and Nickel. As with Kalahari Platinum due to being
an open pit operation it is expected to be among the
lowest cost platinum mines in South Africa, in terms
of both initial capital and operating costs. Platinum
Australia has a 30% interest in the project which will
increase to 65% following completion of the Definitive
Feasibility Study. The company will then earn a further
5% for arranging financing of the project.
Panton PGM Project
With a resource of 2.4 mozs PGm, Panton is one
of the largest and highest grade PGm resources in
the Asia Pacific region. Development of the project
envisages an initial 2 to 3 year life open pit followed
by an underground operation treating 600,000 tpa to
produce 90,000 ozs PGm per annum. The company
is currently completing a review study of the project
with a view to completing a comprehensive update
of the previous Definitive Feasibility Study which was
completed in 2003. The project is 100% owned by
Platinum Australia.
Recent DevelopmentsThe company recently completed a Placement and
Rights Issue to raise $5 million to enable the ramp up of
production at Smokey Hills and the Definitive Feasibility
Study at Rooderand is to be completed.
In mid-January the company moved from contract
mining to owner operator at its Smokey Hills Platinum
mine. The move is designed to optimize operating
efficiency and is expected to result in a 10% reduction
in operating costs.
future outlookThe company is well positioned with one operating
mine and two advanced projects which are expected
to be among the lowest cost, in terms of both
development capital and ongoing operating costs in the
industry.
The company expects to commence development
of the Rooderand Project in late 2012 or early 2013,
followed by Kalplats some 12 months later.
With PGm prices expected to show significant
improvements during 2012 and beyond due to supply
side constraints and a recovering World economy,
Platinum Australia has a growth pipeline poised to
benefit from this upturn.
Resource/ Reserve estimates Full details of the Resource/ Reserve estimates can
be found in company Announcement to ASX dated
November 2011
http://www.gtp.com.au/platinumaus/inews_files/
pLa%20agM%20presentation%20nov%20
2011%20final.pdf
company DescriptionWestern Areas is an Australian-based nickel miner listed
on the ASX and TSX. The main asset is the 100%
owned Forrestania Nickel Project, 400km east of Perth
in Western Australia. Western Areas is Australia’s third
largest nickel miner producing approx 25,000 tonnes
pa nickel in ore from the Flying Fox and Spotted Quoll
mines which are two of the lowest cost nickel mines in
the world. Western Areas is an active nickel explorer in
Western Australia, canada and Finland.
operations• Flying Fox mine which has total current mineral
Resources of 1.9mt at an average grade of 4.1% Ni
containing approximately 79,370t nickel (Flying Fox
excluding lounge lizard)
• Spotted Quoll deposit has total current mineral
Resources of 3.05mt at an average grade of 5.9%
Ni containing approximately 179,000t nickel
• cosmic Boy concentrator currently capable of
550,000 tpa throughput producing approx 25,000
tpa Ni in concentrate grading 14% nickel
• 2nd largest nickel sulphide miner with the highest
grade and lowest cash cost mines in Australia
• First high grade ore produced from the Spotted
Quoll underground mine – November 2011
Recent Developments• December Quarter record production from Flying
Fox and Spotted Quoll mines
• 78% increase in contained nickel in total resources
at Spotted Quoll
• october 2011 WSA wins “emerging exporter
Award” for Western Australia
significant contractual arrangements• November 2011: WSA agrees on a one year off
take contract with Jinchuan, china
• December 2011: WSA closes out Royalty
obligation to outokumpu
future outlookWSA has multiple near mine nickel exploration targets
over a 120km belt. In addition, WSA has many
exploration projects in canada and Finland which
exposes the company to a full range of Base metals.
4.15pm – Western Areas Nl (ASX: WSA)
Resource/ Reserve estimates
“Competent Person’s” StatementThe information within this Company Profile was compiled by Mr. Dan Lougher and the information as it relates to mineral resources and reserves was prepared by Mr. Dan Lougher and Mr. John Haywood, Mr. Lougher and Mr. Haywood are full time employees of Western Areas. Mr. Lougher and Mr. Haywood are members of AusIMM 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 Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Lougher and Mr. Haywood consent to the inclusion in this Company Profile of the matters based on the information in the form and context in which it appears.
Western Areas NL Ore Reserve / Mineral Resource Table - 31December 2011
Tonnes Grade Ni% Ni Tns JORC Classification NotesOre Reserves1. Flying Fox Area
T1 South - 0.0 - Probable Ore Reserve Sept 11 LOMT4 204,100 3.4 6,980 Probable Ore Reserve Sept 11 LOMT5 948,100 4.7 44,270 Probable Ore Reserve Sept 11 LOM
2. Spotted Quoll 43,700 4.3 1,870 Probable Ore Reserve Open Pit Reserve
1,716,200 4.1 69,860 Probable Ore Reserve Underground Reserve
3. Diggers Area
Digger South 2,016,000 1.4 28,950 Probable Ore Reserve
Digger Rocks 93,000 2.0 1,850 Probable Ore Reserve
TOTAL WESTERN AREAS ORE RESERVES 5,021,100 3.1 153,780 Probable Ore Reserve
Mineral Resources1. Flying Fox Area
T1 South 65,600 3.9 2,580 Indicated Mineral Resource Dec 08 Resource35,200 4.9 1,720 Inferred Mineral Resource Dec 08 Resource
T1 North 45,400 4.2 1,900 Indicated Mineral Resource Oct 08 Resource12,700 4.8 610 Inferred Mineral Resource Oct 08 Resource
T4 224,900 4.9 11,020 Indicated Mineral Resource Mar 11 Resource23,200 3.9 920 Inferred Mineral Resource Mar 11 Resource
T5 Massive Zone 837,700 6.0 49,960 Indicated Mineral Resource Mar 11 Resource24,500 4.5 1,110 Inferred Mineral Resource Mar 11 Resource
T5 Disseminated Zone 197,200 0.9 1,590 Indicated Mineral Resource Mar 08 Resource357,800 1.0 3,460 Inferred Mineral Resource Mar 08 Resource
T6 - 0.0 - Inferred Mineral Resource Mar 11 ResourceT7 93,700 4.8 4,500 Inferred Mineral Resource Mar 11 Resource
Total Flying Fox 1,917,900 4.1 79,370
New Morning / DaybreakMassive Zone 321,800 3.7 12,010 Indicated Mineral Resource
93,100 3.5 3,260 Inferred Mineral Resource Disseminated Zone 1,069,800 0.9 9,650 Indicated Mineral Resource
659,200 0.9 5,780 Inferred Mineral Resource
Total New Morning / Daybreak 2,143,900 1.4 30,700
Spotted Quoll 2,515,200 6.0 151,490 Indicated Mineral Resource Dec 11 Resource539,700 5.1 27,510 Inferred Mineral Resource Dec 11 Resource
Total Spotted Quoll 3,054,900 5.9 179,000
Beautiful Sunday 480,000 1.4 6,720 Indicated Mineral Resource
TOTAL WESTERN BELT 7,596,700 3.9 295,790
2. Cosmic Boy AreaCosmic Boy 180,900 2.8 5,050 Indicated Mineral Resource Seagull 195,000 2.0 3,900 Indicated Mineral Resource
TOTAL COSMIC BOY AREA 375,900 2.4 8,950
3. Diggers AreaDiggers South - Core 3,000,000 1.5 44,700 Indicated Mineral Resource Diggers South - Halo 4,800,000 0.7 35,600 Indicated Mineral Resource
Digger Rocks - Core 54,900 3.7 2,030 Indicated Mineral Resource Digger Rocks - Core 172,300 1.1 1,850 Inferred Mineral Resource Digger Rocks - Halo 1,441,000 0.7 10,350 Inferred Mineral Resource
Purple Haze 560,000 0.9 5,040 Indicated Mineral Resource
TOTAL DIGGERS AREA 10,028,200 1.0 99,570
TOTAL WESTERN AREAS RESOURCES 18,000,800 2.2 404,310
Deposit
company Description and operationsKingsrose mining limited (ASX:KRm) listed on the ASX
in December 2007.
Kingsrose is a gold producer that operates the Way
linggo mine (85% owned) in South Sumatra, Indonesia.
In the last 2 years Kingsrose built the underground
mine, 140,000tpa Gold-Silver processing plant and
received all environmental forestry and operation
approval for its mine. The project has emerged as a
small but highly profitable miner from its high grade
gold and silver mine and lays claim to be one of the
lowest cost operators in the industry. Steady-state
gold production is 45,000 ounces of gold and 500,000
ounces of silver per annum at cash costs of US$150 –
US$200/oz after silver credits.
Kingsrose owns a highly prized 4th Generation
contract of work (mining title of 1000 hectares) in
Indonesia which regionally sits on the pacific rim of
fire and locally in close proximity to the prolifically
mineralised Trans-Sumatra Fault. The area is highly
prospective for low-sulphidation epithermal gold-silver
deposits. Kingsrose has recently made a second high
grade epithermal gold discovery at its Talang Santo
Prospect, 7km NNe of the Way linggo mine and has
already commenced trial mining of that ore system
to supplement and sustain its gold production. The
current year exploration budget is $14 million and
aggressive works continue on 17 prospects within the
project area, which show geological signs of epithermal
gold development.
Kingsrose is debt free, well funded with
approximately $40m in free cash. Its operations
generate strong free cash flow and the company has
signalled its intention to pay a maiden dividend in the
first half 2012.
Recent DevelopmentsKingsrose intends to:
• Pay a dividend in the June quarter.
• maiden Resource for Talang Santo just six months
after discovery hole.
• commenced development of a mine adit and
inclined shaft at Talang Santo, just 7km from the
Way linggo Processing Plant.
• metallurgical testwork on Talang Santo samples
confirmed 92% gold and 96% silver recovery under
standard Way linggo operating conditions.
• Identification of four high priority exploration drilling
targets – linggo Sapta, Semung Kecil, Rowo Rejo
and Petai Kayu.
significant contractual arrangementsKingsrose owns (85%) of a highly prized 4th Generation
contract of Work (mining title of 1,000 hectares) in
Indonesia which regionally sits on the Pacific Rim of
Fire and locally in close proximity to the prolifically
mineralised Trans-Sumatra Fault.
future outlookStrong news flow is expected with:
• An aggressive exploration program including 11
diamond drill rigs in operation focusing on Talang
Santo and four highly prospective exploration targets
– linggo Sapta, Semung Kecil, Rowo Rejo and
Petai Kayu.
• Infill and extensional drilling at Talang Santo.
• mine development at Talang Santo.
• Dividend payment in June quarter.
4.40pm – Kingsrose mining limited (ASX: KRm)
Resources / Reserves estimatesWay Linggo Project (KRM 85%) – Total Mineral Resource Estimate Summary
Competent Person StatementThe above information relates to exploration results, mineral resources and ore reserves is based on information compiled by Mr. Peter G. Cook, BSc Applied Geol, MSc (Min Econ), who is a Member of the Australasian Institute of Mining and Metallurgy, and a Director of and a consultant to Kingsrose Mining Limited. Mr. Cook has sufficient experience, which is relevant to the styles of mineralisation, types of deposits and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). Mr. Cook consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
Resources / Reserves Estimates:
Way Linggo Project (KRM 85%) – Total Mineral Resource Estimate Summary
JORC Category Vein ID Tonnage Gold Grade
Silver Grade
Gold Ounces Silver Ounces
Measured Way Linggo 467,400 12.44 166.8 186,940 2,506,500 Indicated Way Linggo 182,800 6.09 84.5 35,790 496,600 Inferred Way Linggo 60,200 3.77 38.1 7,300 73,700
Way Linggo Sub total
710,400
10.24
135.6
230,030
3,076,800
Inferred
Talang Santo
879,000
5.89
14.63
166,400
413,000
GRAND TOTAL
1,589,400
7.89
68.66
396,430
3,489,800
Competent Person Statement The above information relates to exploration results, mineral resources and ore reserves is based on information compiled by Mr. Peter G. Cook, BSc Applied Geol, MSc (Min Econ), who is a Member of the Australasian Institute of Mining and Metallurgy, and a Director of and a consultant to Kingsrose Mining Limited. Mr. Cook has sufficient experience, which is relevant to the styles of mineralisation, types of deposits and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). Mr. Cook consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
Future Outlook:
Strong news flow is expected with: • An aggressive exploration program including 11 diamond drill rigs in operation focusing on Talang Santo and four highly prospective
exploration targets – Linggo Sapta, Semung Kecil, Rowo Rejo and Petai Kayu. • Infill and extensional drilling at Talang Santo. • Mine development at Talang Santo. • Dividend payment in June quarter.
Presentation by:
Chris N. Start
Managing Director
Mr. Start graduated from RMIT as a Metallurgical Engineer with honours in 1988 and has over 23 years of experience in the mining industry. He has worked as a metallurgist, in management positions and as a consultant at a number of mine sites including Kidston, Murrin Murrin, Granny Smith and Boddington. Mr. Start also has international experience working as the Processing Manager at Mt Muro gold and silver mine in Indonesia and as the General Manager at the Musselwhite gold mine in Canada. In addition to his extensive operational experience Mr. Start has several years of corporate experience with Dominion Mining and Australian Goldfields and has a Master of Science Degree in Mineral Economics.
Contact Details:
Correspondence Address: Level 2, Suite 9, 12-14 Thelma St, West Perth, WA 6005
Phone Number: +618 9486 1149 Email Address: [email protected] Website: www.kingsrosemining.com.au
This profile is provided by the presenting company; ASX takes no responsibility for the information included. Participation in this event should not be taken as an endorsement by ASX of the company.
company Descriptionlinc energy is a globally focused, diversified energy
company with a strong portfolio of coal, oil and gas
deposits. It is linc energy’s purpose to unlock the value
of its resources to produce energy to fuel the future.
A publicly listed company, linc energy is the
global leader in Underground coal Gasification (UcG),
which delivers a synthesis gas feedstock to supply
commercially viable energy solutions – such as
electricity, transport fuels and oil production – through
gas turbine combined cycle power generation, Gas
to liquids (GTl) Fischer-Tropsch processing and
enhanced oil Recovery.
linc energy has constructed and commissioned
the world’s only UcG to GTl demonstration facility
located in Queensland, Australia. This facility produces
the world’s only UcG to GTl synthetic diesel fuel. linc
energy also owns the world’s only commercial UcG
operation, Yerostigaz, located in Uzbekistan. Yerostigaz
has produced commercial UcG synthesis for power
generation for 50 years.
linc energy is on a rapid global expansion path
to commercialise its portfolio of resources, with
established offices across three continents in the
United States, the United Kingdom and Australia.
operations• clean energy: permitting UcG operations in
Queensland and Wyoming; exploration in Alaska,
UK, Poland
• oil and Gas: Increasing total oil production with
a target of 5900 to 7000 barrels of oil per day;
progressing the development of the Alaska Umiat
site; progressing the development of the co2
enhanced oil Recovery program in Wyoming
• coal: Strategically reviewing coal tenements in
Australia and investigating commercial partnerships
within the asset portfolio
Recent Developments• Realignment of business into three divisions: clean
energy, oil and Gas, and coal
• commercialization of Underground coal Gasification
(UcG) and Gas to liquids (GTl) remains the key
priority
• Secured access to additional capital by way of
a A$120 million loan facility with an affiliate of the
Fortress Investment Group
Resources / Reserves estimates• closing cash position of $32.5 million at end of Q4
2011
future outlook• Ability to deliver a significant increase in oil and gas
production to around the 6000 barrels of oil per day
with associated gross revenue of over $200 million
by end of 2012
• commercialization of UcG and GTl in 2012
• Divestment of non-core coal assets in 2012
5.05pm – linc energy limited (ASX: lNc)
Notes
Notes
8.50Am – ReVA meDIcAl, INc. Robert stockman, chairman and ceo
Robert Stockman, the company’s
co-founder, has served as its
chairman of the Board and
director since 1999 and its chief
executive officer since August
2010. mr. Stockman has also
served as a director of HeartWare
limited and subsequently HeartWare International, Inc., a
US medical device company listed on ASX and NASDAQ
since December 2006. Since 1999, mr. Stockman has
been the President and chief executive officer of Group
outcome llc, a US-based merchant banking firm which
deploys its capital and that of its financial partners in
private equity and venture capital investments in medical
technology companies. mr. Stockman also co-founded
centrimed, Inc., an internet-based software company that
was acquired by Global Healthcare exchange, llc. He
led the buyouts of Ioptex, an intraocular lens manufacturer,
and two Johnson & Johnson divestitures, “A” company
orthodontics, Inc. and critikon company, llc. Prior to
establishing Group outcome llc, mr. Stockman spent
18 years with Johnston Associates, Inc. and Narragansett
capital corporation, where he focused on venture capital
investments and merger advisory work in the health care
sector. mr. Stockman holds a Bachelors Degree from
Harvard college and a master of Business Administration
from The Amos Tuck School of Business at Dartmouth
college.
5751 copley Drive
San Diego, cA 92111
t +858 966 3000
w www.revamedical.com
9.15Am – BIoNomIcS lTD Deborah Rathjen, ceo & Managing Director
A seasoned biotech executive
with significant experience in
research, business development,
and licensing. Dr Deborah
Rathjen joined Bionomics in
June 2000 from Peptech limited
(subsequently named Arana),
where she was manager of Business Development and
licensing. Dr Rathjen was a co-inventor of Peptech’s
Tumour Necrosis Factor (TNF) technology and leader of
the company’s successful defence of its key TNF patents
against legal challenges. This provided Peptech with a
strong commercial basis for securing license agreements
with BASF, centocor and other companies with anti-TNF
products and for developing their own TNF products.
In 2004/2005, Dr Rathjen identified, negotiated
and successfully completed the acquisitions of Iliad
chemicals and Neruofit. The successful integration of
these businesses into Bionomics resulted in two drug
candidates which are in clinical trials for the treatment
of cancer and anxiety. Dr Rathjen recently negotiated
a collaboration, research and license agreement with
Ironwood Pharmaceuticals for Bionomics’ anti-anxiety drug
BNc210 and in 2008 a commercialising deal of Bionomics’
technologies for multiple sclerosis with merck Serono. Dr
Rathjen is chairperson of the AusBiotech Board.
31 Dalgleish Street, Thebarton
South Australia, 5031, Australia
t +61 8 8354 6101
w www.bionomics.com.au
Presenter Biographies
9.40Am – QRxPHARmA lImITeD edward Rudnic, phD, executive Vice president
Dr. Rudnic has more than
30 years’ experience in
the development and
commercialisation of a wide range
of pharmaceutical products and
drug delivery technologies.
Prior to joining QRxPharma, Dr. Rudnic founded Advancis
Pharmaceutical corporation (later renamed middleBrook
Pharmaceuticals) using a proprietary drug delivery technology
to improve the delivery of existing chemical entities. Dr.
Rudnic led the company from concept through initial public
offering and into commercialization of its lead product. In
total, middleBrook raised over US$300 million in capital,
employed over 200 people at its peak, and has been granted
over two dozen patents covering its technologies with Dr.
Rudnic as the lead inventor.
Dr. Rudnic’s earlier experience also includes senior executive
positions with Shire Pharmaceuticals where he built the
research team and product portfolio of Pharmavenue, a drug
delivery company that merged with Shire. He has also held
senior positions in product development, commercialisation
and management at Schering -Plough and Bristol-myers
Squibb, helping to invent and commercialise dozens of
products, most of which are still on the market today. Dr.
Rudnic has a B.S. in pharmacy, m.S. in pharmaceutics, and
a Ph.D. in pharmaceutical sciences from the University of
Rhode Island.
Po Box 1810, North Sydney
New South Wales, 2059, Australia
t +61 2 9492 8029
w www.qrxpharma.com
10.05Am – NeWSAT lImITeD adrian Ballintine, founder & ceo
Adrian Ballintine is the founder and
chief executive officer of NewSat
limited. Adrian has over 30 years
of global technology experience
with extensive knowledge of
the satellite industry. Adrian has
led NewSat’s transformation
into Australia’s leading satellite company. In 2005, NewSat
acquired the Australian Teleport assets from Dutch based
Newskies Satellites in Perth (Western Australia) and Adelaide
(South Australia) and has built a successful pure play satellite
communications company, which is now the supplier of
choice for enterprises and governments around the world.
In February 2011, Adrian was instrumental in NewSat’s
acquisition of seven orbital slots, which will serve as a platform
for the company’s Jabiru Satellite Program, which is set to
launch Australia’s first independently owned commercial
satellite, Jabiru-1. NewSat’s Jabiru Satellite Program is the final
stage of the company’s vision to transform NewSat from a
Teleport operator into a global satellite company.
In march 2011, Adrian was announced Teleport executive
of the Year at the 2011 World Teleport Awards in
Washington Dc, USA. In September 2011, Adrian was also
appointed to the Board of Directors for the World Teleport
Association, joining an elite group of international Directors.
Prior to NewSat, Adrian was involved in driving a number of
US based technology start-ups to NASDAQ including Gupta
Technology, 3D eye, Starwave and Asymetrix, where he
partnered with Paul Allen, microsoft co-founder. Adrian was
born in Victoria, Australia, studied at the Royal melbourne
Institute of Technology and has served as a Director of
Australian Football league team, Richmond Tigers.
level 4, 6 Riverside Quay, Southbank
Victoria, 3006, Australia
t +61 3 9674 4644
w www.newsat.com
10.30Am – TRoY ReSoURceS lImITeD paul Benson, ceo
Paul Benson is the chief
executive officer of Troy
Resources limited and has over
25 years experience in the mining
industry. Prior to joining Troy in
october 2007, Paul spent the
previous 7 years with BHP Billiton,
based in chile from 2004, where his most recent role was
chief Development officer for BHP Billiton Base metals
and a member of the BHP Billiton Base metals executive
committee. Before that Paul worked with Rio Tinto and
RGc.
Unit 12, 1st Floor, 11 Ventnor Ave, West Perth
Western Australia, 6005, Australia
t +61 8 9481 1277
w www.try.com.au
11.10Am – mINcoR ReSoURceS Nl David Moore, Managing Director & ceo
David moore is the founding
managing Director and ceo of
mincor Resources Nl.
mr moore trained as a geologist
at the University of Witwatersrand
in Johannesburg. After 13 years
with Shell/Billiton in Africa and South America he joined
Iscor ltd in 1997 and in 1999 founded mincor through the
ASX listing of Iscor’s exploration assets, becoming the new
company’s managing Director. Since then he has directed
the growth of mincor into one of Australia’s leading nickel
producers.
mr moore was the founding managing Director of Tethyan
copper company and drove that company’s growth until
its successful cash takeover in 2006 by two major mining
companies.
In August 2010 mr moore was awarded the prestigious
GJ Stokes memorial Award for his contributions to the
resources industry in Australia.
Po BoX 1810, West Perth
Western Australia, 6872, Australia
t +61 8 9476 7200
w www.mincor.com.au
Presenter Biographies
11.35Am – ReX mINeRAlS lImITeD steven olsen, Managing Director
Steven has over 18 years’
experience in the resources
industry with a background of
fourteen years working as a
mine geologist and exploration
geologist, predominantly in
Western Australia and canada,
on nickel and gold deposits. mr olsen has had continued
exploration success for the discovery of nickel, gold and
copper mineralisation throughout his career.
mr olsen’s qualifications include a B.Sc(Hons) from the
University of melbourne, masters in mineral exploration
from Queens University, ontario and a Graduate Diploma of
Applied Finance and Investment from the Securities Institute
of Australia. mr olsen is a Non-executive Director of White
Rock minerals ltd and a founding director of Rex minerals,
which was established in 2007.
Po Box 626W, Ballarat West
Victoria, 3350, Australia
t +61 3 5337 4000
w www.rexminerals.com.au
12.00Pm – NoRTHeRN STAR ReSoURceS lImITeD Bernie sostak, Manager of geology
Bernie Sostak is a Geologist with
over 20 years in the Gold Industry
with extensive experience in mine
geology, resource estimations,
planning and general operations
management in underground
and open pit. Held senior
management roles with Wmc, Broken Hill metals and
coolgardie Gold. most recently as Barrick’s Director of
Resource/Reserve Strategy based in Toronto managing
reserve replacement programs on 4 continents.
24 mumford Place, Balcatta
Western Australia, 6021, Australia
t +61 8 6241 1866
w www.nsrltd.com
12.25Pm – KINGSGATe coNSolIDATeD lTD gavin Thomas, Managing Director and ceo
Gavin Thomas has had a
successful international career
for over 40 years discovering ore
bodies and developing mining
companies from the exploration
phase into mid-tier gold or copper
producers, operating in North and
South America, Australia, the Southwest Pacific, Asia and
europe.
Gavin joined Kingsgate in 2004 as ceo and has been
instrumental in growing the company five fold over the past
seven years from a market cap of around A$200 million to
over A$1 billion today.
Previously he was managing Director and ceo of equatorial
mining ltd. from 1998 to 2004 with the el Tesoro copper
mine in chile. Prior to that, he was an executive Director of
Niugini mining ltd. from 1985 where he led an aggressive
world-wide exploration team that had offices in South
America, India, europe, malaysia and Thailand. He is
probably best known for being credited with discovering
the world’s largest gold mine outside of South Africa at lihir
Island, becoming a founding Director of lihir Gold ltd.
Gavin has a degree in Geology from macquarie University in
Sydney and is a chartered Professional of the AusImm.
Suite 801, 14 martin Place, Sydney
New South Wales, 2000, Australia
t +61 438 576 879
w www.kingsgate.com.au
12.50Pm – SIlVeR lAKe ReSoURceS lTD Les Davis, Managing Director
mr Davis has a masters Degree
in mineral economics from curtin
University of WA and over 35
years mining industry experience
including 17 years hands-on
experience in mine development
and narrow vein mining.
mr Davis’ career incorporates 13 years senior management
experience including roles as mine manager, Technical
Services manager, concentrator manager, Resident
manager and Gm expansion Projects with organisations
including Wmc Resources ltd, Reliance mining ltd and
consolidated minerals ltd and is a founding director of
Silver lake Resources.
Po Box 876, South Perth
Western Australia, 6951, Australia
t +61 8 6313 3800
w www.silverlakeresources.com.au
Presenter Biographies
1.55Pm – cRUSADeR ReSoURceS lImITeD Rob smakman, Managing Director
mr Smakman is an honours
graduate of monash University
and has had a successful
international career (Australia,
Africa, South America and
europe) as a geologist and
manager over the past 18 years.
Rob is experienced in gold, silver, copper, uranium, tin and
iron and has been integral in moulding crusader into its
present shape. mineral discoveries he has been associated
with include: The Southern Star gold deposit near Southern
cross in Western Australia from the discovery hole to
completion of the bankable feasibility study.
The Dikulushi copper/Silver deposit for Anvil mining Nl
(DRc Africa). Rob was the first geologist on site and
managed the drill-out of the deposit to 1.55mt @ 8.9%
copper and 9.5oz silver for feasibility study and mining. The
project was at one point, the highest grade copper deposit
in the world.
The certej Gold deposit in Romania for the TSX listed
european Goldfields ltd. Project management from the
commencement to a resource of 2.6m oz gold and 13m oz
silver. mr Smakman is based in João Pessoa in Brazil where
he leads crusader’s activities.
Suite 2, level 2, 35 Havelock Street, West Perth
Western Australia, 6005, Australia
t +61 8 9320 7500
w www.crusaderresources.com
2.20Pm – FocUS mINeRAlS lImITeD campbell Baird, ceo
campbell Baird is chief executive
officer of Focus minerals. He
has been a part of the team
who, over the past three years,
have transformed Focus from
explorer to become a major gold
producer.
Prior to joining Focus, he was General manager of
operations for four years at Altona mining where he assisted
in the development of the Kylyahti copper mine in Finland.
He started his career at Western mining corporation at St
Ives, then joined Plutonic at mount morgans (laverton),
he worked for North limited at both North Parkes and
at the Iron ore company of canada, before joining SRK
consulting in 2000 where he spent 5 years working on
some major global mining projects that are now under
construction. These include the giant oyu Tolgoi block cave
copper mine in mongolia, the argyle diamond mine block
cave in Australia and the Goro laterite nickel project in new
calendonia.
campbell has a bachelor of engineering (mining) from
the University of New South Wales and a masters of
International Finance from curtin University.
level 30, 44 St Georges Terrace, Perth
Western Australia, 6000, Australia
t +61 8 9215 7888
w www.focusminerals.com.au
2.45Pm – ReD FoRK eNeRGY lImITeDDavid prentice, Managing Director
David Prentice’s career
includes 23 years experience in
commercial management and
business development within the
natural resources sector, working
for some of Australia’s leading
resource companies. This has
included high-level commercial and operational roles with a
number of listed and unlisted resource companies.
Po Box 1424, West Perth
Western Australia, 6872, Australia
t +61 8 9200 4474
w www.redforkenergy.com.au
3.10Pm – elemeNTAl mINeRAlS lImITeDiain Macpherson, ceo
Iain is ceo of elemental minerals
ltd. He has assembled a
formidable team that is well
underway with the development
of the Sintoukola potash project
- some 60 kms North of the
major port of Pointe Noire - into
a significant, low cost potash producer in the near term.
He is an experienced and seasoned mining executive with
over 25 years’ experience in the mining industry in senior
management and executive roles with a track record of
delivery on a number of projects.
He trained as a mining engineer at the Royal School
of mines, Imperial college, london University and has
operated extensively throughout Southern, Western and
central Africa, Western and eastern europe and Russia. Iain
has operated both in the major and junior mining sectors
developing and operating a number of mining projects
including several IPos and associated financing, specifically
on the london and North American markets.
He joined elemental in october 2009 and sees in the
Sintoukola potash project the opportunity to once again
be instrumental in growing a substantial business through
developing a large scale project in a commodity that is
projected to follow an exciting growth trajectory in the
coming years.
9 mulberry Hill office Park, Broadacres Drive
Dainfern, South Africa
t +27 11 469 9140; +27 83 604 0820
w www.elementalminerals.com.au
Presenter Biographies
3.50Pm – PlATINUm AUSTRAlIA lImITeD John Lewins, Managing Director
mr lewins is the managing
Director of Platinum Australia
limited having joined the
company when it listed on the
ASX in November 2000.
mr lewins is a mineral engineer
with over 30 years experience in the mining Industry who
has worked in Africa, Australia, Asia and the Former Soviet
Union. He has extensive experience in managing the
development of mining projects from Feasibility Studies
through to successful operations.
In Australia mr lewins was responsible for the development
and operations management of three Gold mines and the
mcArthur River lead - Zinc mine while with mIm Holdings.
His other experience includes the development of a copper
SX/eW operation in mongolia and a Gold mine in Armenia
as well as numerous gold and base metal studies in various
parts of the World.
As managing Director of Platinum Australia, mr lewins has
been responsible for the development of the Smokey Hills
Platinum mine in South Africa, making Platinum Australia
one of few platinum producers in the World.
mr lewins is also the co-inventor of the “Panton Process”,
an innovative PGm recovery process for the treatment
of refractory ores, capable of producing a high grade
concentrate suitable for direct feed to a refinery.
Po Box 1083, West Perth
Western Australia, 6872, Australia
t +61 8 9324 1491
w www.platinumaus.com
4.15Pm – WeSTeRN AReAS NlDaniel Lougher, Managing Director
Dan lougher is the managing
Director of Western Areas, a
nickel mining and exploration
company which listed on the
Australia Stock exchange in July
2000 and on the Toronto Stock
exchange in December 2005.
Dan is a qualified mining engineer with over 30 years
experience in all facets of resource and mining project
exploration, feasibility, development and operational
activities in Australia and overseas. Dan is a member of the
Australasian Institute of mining & metallurgy.
Dan is also a Non executive Director of canadian listed
company, mustang minerals corp.
level 2, 2 Kings Park Road
Western Australia, 6155, Australia
t +61 8 9334 7777
w www.westernareas.com.au
4.40Pm – KINGSRoSe mINING lImITeD chris n. start, Managing Director
mr. Start graduated from RmIT
as a metallurgical engineer with
honours in 1988 and has over
23 years of experience in the
mining industry. He has worked
as a metallurgist, in management
positions and as a consultant at
a number of mine sites including Kidston, murrin murrin,
Granny Smith and Boddington.
mr. Start also has international experience working as the
Processing manager at mt muro gold and silver mine in
Indonesia and as the General manager at the musselwhite
gold mine in canada.
In addition to his extensive operational experience mr. Start
has several years of corporate experience with Dominion
mining and Australian Goldfields and has a master of
Science Degree in mineral economics.
level 2, Suite 9, 12-14 Thelma St, West Perth
Western Australia, 6005, Australia
t +61 8 9486 1149
w www.kingsrosemining.com.au
5.05Pm – lINc eNeRGY lImITeD paul Ludwig, Manager of stakeholder Relations
With more than 30 years’
experience in the energy industry,
Paul joined linc energy in
2010 as manager, Stakeholder
Relations shortly after linc energy
established operations in the
U.S. Paul built and implemented
the initial stakeholder relations strategy and plan for linc
energy’s expanding North American operations including
UcG, GTl and oil and Gas operations. In his current role
as General manager, communications, Paul manages linc
energy’s North American communications, stakeholder,
government, and community initiatives in Alaska, Gulf
coast, and Northern Rockies business units. originally
from New York, Paul has degrees in business administration
and management from the State University of New York at
cobleskill and Arizona State University.
1200 17th Street, Suite 2100
Denver, co 80202
t +303 623 0510
w www.lincenergy.com
Presenter Biographies
The Australasian Investor Relations Association (AIRA)
was established in 2001 to advance the awareness
of, and best practice in, investor relations in Australia
and New Zealand and thereby improve the relationship
between listed entities and the investment community. The
Association’s 150 corporate members now represents
over A$760 billion of market capitalisation or over two
thirds of the total market capitalisation of companies listed
on ASX.
AIRA provides education and professional development
on investor relations for listed entities as well as providing
information, networking, advocacy and research for its
members.
ian Mathesonceo
AIRA
GPo Box 1365, Sydney
New South Wales, 2001, Australia
t +61 2 9872 9100
e [email protected], [email protected]
w www.aira.org.au
BBY is a proudly Australian independent financial services
group. With offices in Sydney, melbourne, Adelaide, Perth, the
Gold coast and the UK along with a global presence in the
USA and Asia, our clients benefit from our unparalleled expertise
in the Australian market and strength of our partnerships with
leading Asian investment bank cImB and an equity partnership
with Jefferies & co, Inc.
BBY is committed to being the leading Australian-owned
securities firm offering the very best capital markets and
investment solutions for high growth Australian companies,
institutional investors and private clients.
Since our inception, BBY has always been committed to
identifying and solving the investment problems of our clients.
glenn Rosewallceo
Mike shortland Head of BBY, london
BBY limited
level 17, 60 margaret Street
Sydney, Australia, 2000
t +61 9226 0052
e [email protected] (Guy ogier – Head of marketing)
w www.bby.com.au
Supporter Profiles
BBY has offices in most major Australian cities; Sydney,
Melbourne, Perth, Adelaide and the Gold Coast, plus
international offices in London and New York.
We also have a network of international partners, including CIMB
Investment Bank, an entity of CIMB – one of South East Asia’s
largest and most successful banking groups – and since 1994,
an equity partnership with Jefferies and Co. Inc, a New York-
based global securities and investment banking group named in
‘Forbes’ as “one of the world’s most admired companies” (March,
2011).
WHY DO LEADING AUSTRALIAN AND OVERSEAS INSTITUTIONAL INVESTORS USE BBY?
BBY holds a unique place in the Australian market. Because of
our business model, size and local management, our clients know
they can count on us to continue to put them at the heart of
everything we do.
As a firm we determine our own future, which is the envy of our
competitors who operate either as a branch of a global giant,
or are smaller firms who lack the connectivity, experience or
technologies to realise the best opportunities for their clients.
We also truly value all of our clients, and none of them feel like
a number.
Since our inception, BBY has always been committed to
identifying and solving our clients’ investment and capital issues.
WHAT DO WE OFFER?
Our Institutional Sales and Trading team adds value via;
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Australia’s leading Analysts across a range of growth sectors
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BBY Institutional Sales & Tradingbby.com.au
BBY Limited (ACN 006 707 777) (Australian Financial Services Licence No 238 095) a participant of ASX and SmarTrader (ACN 115 752 102) (Australian Financial Services Licence No 295 337) (part of the BBY Group).
BBY is a proudly Australian independent financial services group, committed to being the leading Australian-managed securities firm offering the very best capital markets and investment solutions for high growth companies, institutional investors and private clients.
Glenn Rosewall Ph: +61 2 9226 0091 MD & CEO [email protected]
Stewart Palmer Ph: +61 2 9226 0166 Head of Institutional Sales [email protected]
Mike Shortland Ph: +44 207 201 2182 Head of London Office [email protected]
BBY Institutional Sales and Trading Flyer ASX.indd 1 1/02/2012 9:33:09 AM
Bergen Asset management, llc (“Bergen”) is a New
York-based asset management firm focusing on equity
investments in high-growth publicly-traded and private
companies internationally. Bergen manages Bergen
Global opportunity Fund, lP, a U.S. fund whose investors
comprise ultra-high net worth eastern Seaboard families
and U.S. institutions.
Bergen looks for above-market medium term appreciation
in Asia-Pacific (particularly in resources and energy) and
has a track record of success in Australia.
Bergen invests in a variety of transactions, including
conventional equity placements, lump-sum convertible
notes, tranched equity, IPos and pre-IPo rounds.
Bergen’s point of difference is its willingness to think
outside the box and see opportunities in cases where
more conventional thinking would overlook a project’s
potential.
Bergen’s win-win philosophy is what separates it from
many other investors. only those investments that deliver
value to the company, its shareholders and Bergen will be
successful in the long run.
Mr. eugene Tablis managing Director
Bergen Asset management, llc
370 lexington Ave, Suite 1900
New York, NY, 10017
t +646 833 3607 ÷ +646 543 9488
w www.bergenasset.com
Founded over a decade ago, casimir capital has
established itself as a major global player in the mining
and energy sectors. casimir capital is headquartered in
United States and has affiliates and personnel in Australia,
canada, Brazil and the United Kingdom.
sam grauerSVP, Investment Banking
casimir capital l.P.
546 Fifth Avenue, New York
NY 10036
t +1 212 798 1383
w www.casimircapital.com
Supporter Profiles
Premier Full Service Investment Bank
Over a decade of experience specializing in natural resources
Casimir Capital L.P.
546 Fifth AvenueFifth Floor
New York, NY 10036
212.798.1300 [email protected]
Casimir Capital Consultoria e Participações LTDA.Rua Paes de Araujo, 29 - cj. 101
Itaim bibi - São Paulo - SPCEP: 04531 - 940 - Brasil
55.11.9242.3407 [email protected]
Casimir Capital Ltd.
145 Adelaide Street WestSuite 200
Toronto, ON M5H 4E5
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cc ad comp#6 hi-res.pdf 1 2/10/2012 2:55:55 PM
Supporter Profiles
Dahlman Rose & co. is a research-driven investment
bank focused on energy, transportation, infrastructure,
and other industries that compose the global supply
chain. The firm’s industry-leading analysts, bankers,
and traders offer unique insight into the companies and
markets that provide the building blocks of the global
economy. Dahlman Rose provides institutional sales and
trading, equity research, mergers and acquisitions advisory
and underwriting services. In addition, Dahlman Rose’s
dedicated oTcQX markets Group specializes in delivering
best in class U.S. listing and advisory services to non-U.S.
issuers worldwide.
Vanessa DiLiddoconference manager
Dahlman Rose & company
1301 Avenue of the Americas, 36th floor
New York, NY 10019
t +1 212 372 5974
w www.drco.com
e.l. & c. Baillieu, founded 1889, is an independent Australian
equities broker specialising in corporate advice, institutional
equities advice, equities research and private wealth
management.
our firm has a long history of advising leading Australian
corporate clients and institutions with value adding strategies
and research based recommendations.
Ben grodskiHead of equities
level 26, 360 collins Street melbourne
Victoria, 3000, Australia
t +61 3 9602 9368
w www.baillieu.com.au
ROSE & CO.
DAHLMAN
ROSE & CO.
DAHLMAN
DAHLMAN ROSE & CO. is a research-driven investment bank focused on energy, transportation,
infrastructure, and other industries that compose the global supply chain. The fi rm’s industry-
leading analysts, bankers, and traders offer unique insight into the companies and markets that
provide the building blocks of the global economy. Dahlman Rose provides institutional sales
and trading, equity research, mergers and acquisitions advisory and underwriting services.
In addition, Dahlman Rose’s dedicated OTCQX Markets Group specializes in delivering
best in class U.S. listing and advisory services to non-U.S. issuers worldwide.
Host to more than 300 issuers worldwide with collective market capitalization of more
than one trillion dollars, the OTCQX is an intelligent U.S. marketplace for the trading of
securities of established foreign and domestic issuers. Unique to, and unlike traditional
U.S. exchanges, the OTCQX allows streamlined reporting that does not obligate listed
issuers to saddle the high costs associated with registration in the United States.
MEMBER: FINRA/SIPC | www.drco.com
4954_Baillieu Aust Immigrant Ad_OUT.indd 1 3/05/11 4:20 PM
Fortbridge is an independent media and investor relations
consultancy that specialises in representing listed mining
and energy companies. We work with clients to build
corporate reputation and promote shareholder value.
our investor communications programs target a range of
stakeholders including shareholders, institutional investors,
funds and the financial media in the markets in which our
clients operate.
With up-to-date research and contact information in all
major financial centers around the world, Fortbridge targets
relevant institutional investors and funds to engage their
support for our clients’ IPos, institutional placements,
capital raisings, SPPs and on-market trades.
Fortbridge consultants in Sydney, melbourne, Perth,
london, Beijing, São Paulo, Santiago, Toronto and
Singapore have a track-record of working with clients to
enhance shareholder value and grow their businesses,
to communicate the value of new developments and to
manage significant issues that impact reputation.
Bill kemmerymanaging Director
Fortbridge consulting
Suite 1402, 100 William Street, east Sydney
New South Wales, 2010, Australia
t +61 2 9331 0655
w www.fortbridge.com
The lind Partners, llc (“lind”) is a New York-based
alternative asset management company.
lind selectively invests across various geographic regions,
industries and economic environments with a focus on
event-driven investment opportunities. lind seeks to make
investments into small-cap and mid-cap publicly-traded
companies around the world whose shares trade in non-
US dollar denominated currencies.
lind’s team of investment professionals has an established
history of adding value to publicly traded companies
in the Australian market and possesses a wide range
of investment-related knowledge in growth-oriented
companies across industries including natural resources
(bulk commodities, precious metals and oil & gas),
biotechnology, clean-tech and other growth sectors.
our team will continue to seek to provide growth capital
and funding options to small-cap and mid-cap companies
that we believe have a high probability of achieving long-
term success.
Jeff eastonmanaging Director
The lind Partners, llc
370 lexington Avenue, Suite 1900
New York, NY 10017
t +1 646 284 3991
w www.thelindpartners.com
Supporter Profiles
Research.Target.Engage.
media & investor communications
www.fortbridge.com
The Lind Partners is a proud sponsor of the New York 2012 ASX Small to Mid Caps Conference.
Our team of investment professionals welcomes the opportunity to assist Australian small-cap and mid-cap companies in the funding
of their short to medium term objectives.
[Type a quote from the document or the summary of an interesting point.
Supporter Profiles
Patersons Securities is one of the leading stockbroking
and financial services firms in Australia.
Having built a national advisory network capable of
providing a wide range of finance solutions, the Australian
Stockbroker’s track record speaks for itself.
Since 2003, Patersons has ranked #1 by number of equity
issues in Australia raising in excess of $7 billion in new
capital in over 900 new equity issues.
The company’s corporate Finance Team has been
at the forefront of investment in substantial resources
developments in Australia, Africa and Asia.
Patersons can deliver large amounts of capital, particularly
in the resources sector, and provides advisory services to
a wide and varied range of clients.
Supported by a strong institutional dealing arm, award
winning equities research teams, and an expanding funds
and asset management division, Patersons is committed
to providing quality financial services and solutions to all
clients.
amanda Dallimore marketing manager
Patersons Securities
level 23, exchange Plaza, 2 The esplanade
Perth, Western Australia, 6000, Australia
t +61 2 8238 6206
w www.psl.com.au
Petra capital is an independently owned boutique
institutional stockbroking firm, providing specialised
services to financial institutions, mining and industrial
companies.
core sector focus
– mining
– energy
– mining & energy Services
– Telecommunications
– Renewable & Sustainable energy
– Growth Sectors & specialist opportunities
operating since July 2007, and despite turbulent
economic times, Petra capital has thrived. We have
achieved this because our approach is simple:
We are completely focused on adding value to our clients
at every opportunity
Petra capital provides a range of specialised services
within its corporate, Research and Institutional Dealing
functions. We have built our reputation by partnering
quality companies.
frank BarilaInstitutional Sales
Petra capital Pty ltd
level 1, 343 George St, Sydney
New South Wales, 2000, Australia
t +61 2 9239 9603
w www.petracapital.com.au
Patersons Securities is one of the leading stockbroking and financial services firms in Australia and is proud to support ASX Small to Mid Cap investor events. Having built an Australia wide advisory network capable of providing a wide range of finance solutions, the Australian Stockbrokers track record speaks for itself. Patersons has ranked #1 by number of equity issues in Australia every year since 2003* raising in excess of $7.6 billion of new capital in over 900 new issues.
Our corporate finance team has often been early supporters of what have become substantial resources companies not only in Australia but in Africa and Asia.
Patersons can deliver large amounts of capital, particularly in the resources sector and provides advisory services to a wide and varied range of clients. Supported by a strong institutional dealing arm, award-winning equities research teams, and an expanding funds and asset management division, Patersons is committed to providing quality financial services and solutions to our clients.
Patersons Securities Limited ABN 69 008 896 311 AFSL No. 239 052 Participant of ASX Group; Stockbrokers Association of Australia; Financial Planning Association Principal Member
*Source: Thomson Reuters
www.psl.com.au T H E AU ST R AL I A N STO C KB RO KE R
Never heard of the most active broker in Australia?The smart money likes it that way
For more information regarding Patersons Securities and our Corporate Finance and Institutional Dealing capabilities please call +61 8 9263 1111 or email [email protected].
ADDING VALUE AT EVERY OPPORTUNITY
Petra Capital is an independently owned boutique institutional stockbroking firm, providing specialised services to financial institutions, mining and industrial compa-nies.
Operating since July 2007, and despite turbu-lent economic times, Petra Capital has thrived. We have achieved this because our approach is simple:
We are completely focused on adding value to our clients at every opportunity
Petra Capital provides a range of specialised services within its Corporate, Research and Institutional Dealing functions.
Petra Capital has built its reputation by part-nering quality companies. Through Petra Capital’s support, our clients have exceeded market expectations and have been appropri-ately represented in the market at all times.
The Petra Capital team has long standing rela-tionships with most Australian financial institu-tions and select US, UK and Asian financial institutions. Our team conducts regular market-ing campaigns in Australia, Asia, Europe and the United States. Clients include large interna-tional funds, mid-tier firms and boutique funds. This provides Petra Capital with capacity to facilitate material transactions.
Core Sector Focus- Mining- Energy- Mining & Energy Services- Telecommunications- Renewable & Sustainable Energy- Growth Sectors & specialist opportunities
Petra Capital is a proud sponsor of the ASX Small to Mid Caps Conference 2012, New York.
Boutique stockbroking firm specialising in Corporate Services, Research and Institutional Dealing
Petra Capital Pty Ltd is an Australian Financial Services Licence holder and an ASX Participant. AFSL 317 944 ABN 95 110 952 782
Petra Capital Pty LtdLevel 1, 343 George StSydney NSW 2000Tel: +61 2 9239 9600Fax: +61 2 9299 5610www.petracapital.com.au
ContactGeorge MariasDirector+61 2 9239 9601+61 417 440 [email protected]
ASX limited is the listed holding company for a number of
licensed operating subsidiaries, together forming the ASX
Group (ASX), which offer a range of market services linked
by a common purpose: to provide core financial markets
services and infrastructure to meet the needs of a wide
range of financial markets stakeholders, and for a globally
competitive and vibrant Australian economy.
ASX is a multi-asset class, vertically integrated exchange
group, ranked one of the world’s top-10 largest by market
capitalisation. Its activities span primary and secondary
market services, central counterparty risk transfer, and
transaction settlement for both the equities and fixed
income markets. ASX functions as a market operator,
clearing house, payments system facilitator and central
securities depository. It also oversees compliance with
its operating rules, promotes standards of corporate
governance among Australia’s listed companies and helps
to educate retail investors.
The domestic and international customer base of ASX is
diverse and includes issuers of a variety of listed securities
and financial products, investment and trading banks,
fund managers, hedge funds, commodity trading advisers,
brokers and proprietary traders, market data vendors and
retail investors, as well as other listing and trading venues.
By providing its systems, processes and services reliably
and fairly, ASX seeks to promote confidence in the markets
that depend on its infrastructure. This is integral to ASX’s
long-term commercial success.
With a market capitalization of over A$1.3 trillion the
Australian equities market is consistently weighted in global
indices (mScI and S&P/citigroup Global equities Indices
BmI) among the top five equity markets in the world.
Among Asia–Pacific stock markets it is second only to
Japan in terms of free float market capitalisation.
ASX operates in a market that has the fourth largest
investment fund assets pool in the world and the largest
in Asia. This investment pool is underpinned by the
superannuation guarantee scheme, which is projected
to grow Australian Funds under management (FUm) to
over A$2 trillion by 2015. With approximately 2,220 listed
issuers the Australian market is highly diverse, offering
domestic and global investors exposure to a wide range of
sectors including Financials, Industrials, Resources (mining
and oil and Gas), Healthcare and life Sciences, and
Information Technology.
The market is an internationally recognised centre for
Resources equity capital, and issuers include global giants
such as BHP Billiton and Rio Tinto, as well as an excellent
representation of future leaders in the mid-tier producers
and junior miners. The market also has a significant
mining services sector providing technology, services and
supplies to the global mining industry.
The Australian equity market has experienced outstanding
growth in recent years, with annual turnover increasing
fourfold and market capitalisation doubling in the last ten
years. In the same period liquidity has doubled to 100%.
About ASX
ASX markets are driven by leading edge electronic trading, settlement, and registry systems. This contributes to superior liquidity
and secondary market transaction costs that are among the lowest in the world.
Further Information
eddie grieveSenior manager, listing Business Development
t +61 2 9227 0519
m +61 418 246 698
This is not intended to be financial product advice. To the extent permitted by law, ASX limited ABN 98 008 624 691 and its related bodies corporate excludes all liability for any loss or damage arising in any way including by way of negligence. This document is not a substitute for the operating Rules of the relevant ASX entity and in the case of any inconsistency, the operating Rules prevail.
© copyright 2012 ASX limited ABN 98 008 624 691. All rights reserved 2012.
Global Index Performance 2000-2011
Source: IRESS, December 2011
Inde
x Le
vel
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
0
50
100
150
200
250
Hang Seng Nasdaq NikkeiFTSE 100Dow JonesS&P/ASX 200
Notes
Now in its 5th year
ROSE & CO.
DAHLMAN