CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
1
Gold Symposium - October 2012 ASX: MUX | SHARES ON ISSUE 160.7m | MARKET CAPITALISATION $59.5M | SHARE PRICE A$0.37 PRESENTED BY: Pat Scott
AS AT 15 OCTOBER 2012
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
2 2
DISCLAIMER Competent Person’s Statement
The information in the report to which this statement is attached that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Adrian McArthur, the General Manager Exploration for
Mungana Goldmines Ltd, and who is a member of the Australian Institute of Mining and Metallurgy and is a full time employee of the Company. Dr McArthur has sufficient experience 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’. Dr McArthur consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
JORC – Exploration Targets
It is common practice for a company to comment on and discuss its exploration in terms of target size and type. The information in this presentation relating to exploration targets should not be misunderstood or
misconstrued as an estimate of Mineral Resources or Ore Reserves. Hence the terms Resource(s) or Reserve(s) have not been used in this context. The potential quantity and grade is conceptual in nature, since there
has been insufficient work completed to define them beyond exploration targets and that it is uncertain if further exploration will result in the determination of a Mineral Resource.
Forward-Looking Statements
This presentation has been prepared by Mungana Goldmines Ltd. This document contains background information about Mungana Goldmines Ltd current at the date of this presentation. The presentation is in summary
form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the
information, statements and opinions contained in this presentation.
This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of Mungana
Goldmines Ltd shares in any jurisdiction.
This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own
jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.
This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and
recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is
appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.
To the fullest extent permitted by law, Mungana Goldmines Ltd, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or
completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of
negligence or otherwise is accepted.
This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Mungana Goldmines
Ltd. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements.
Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and ASX Listing Rules, Mungana Goldmines Ltd does
not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking
statement is based.
NOT FOR DISTRIBUTION
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
3 3
COMPANY HIGHLIGHTS
• Attributable JORC compliant Resources of 3.2 million ounces of gold, 273,000 tonnes of copper and 35 million ounces of silver
• Medium term production target of approximately 100,000 ounces of gold from Tunkillia / Tarcoola Gold Project
• Target Cash costs of ~A$900/oz.
• Major Shareholders
– Mungana Pty Ltd (Kagara Ltd) 97.5m
– GHG (China) 25.1m
– Prosperity Steel (Singapore) 13.0m
– Total Shares 160.7m
• Strong cash balance A$11.5M as at end of September
• Exciting exploration pipeline
MUNGANA GOLDMINES : A significant new gold company
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
4 4
DEVELOPMENT
1. The Tunkillia Gold Project (South Australia)
– Resources – 800kAu, 1.6Moz Ag
– Production Potential – 80,000 ozpa
– Tarcoola Addition Potential - 20,000 ozpa
2. The Mungana Gold Project (Queensland)
– Resources – 2.7MozAu, 273ktCu, 34Moz Ag
– Production Potential – 100,000 ozpa
EXPLORATION
• South Australia – A$4M this year
• North Queensland – on Hold
• New South Wales – seeking JV partner
ASSETS
PROJECT PIPELINE
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
5 5
TUNKILLIA GOLD PROJECT
(Earning 70%)
• Controlling interest in JV with Helix
Resources
• New gold province discovered in 1996
• Resource of 803koz Au, 1.6Moz Ag
• Earning to 70% this year with A$6M
budget
• Strong probability of exploration
extensions
TUNKILLIA GOLD PROJECT
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
6 6
SCOPING STUDY RESULTS
• Production of
492,000 ounces
over 6 years
• Low Capital of
A$114M
• Cash costs of
~A$983/oz.
• Throughput rates of
2mt per annum
TUNKILLIA GOLD PROJECT
• Simple staged open pit mine
• Conventional process plant
• Pre-Tax Operating Surplus of A$163m and
• IRR of 28.3% @A$1600/oz.
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
7 7
TUNKILLIA PROPOSED SITE LAYOUT
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
8 8
TARCOOLA GOLD PROJECT
(MUX 100%)
• Purchased July 2012
• 60km north west of Tunkillia
• Historic production of 77,000
Ounces at 37.5g/t Au
• Potential to contribute
additional 20,000 ounces per
annum of production through
proposed Tunkillia plant
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
9 9
TARCOOLA GOLD PROJECT
• Perseverance Deposit
• Initial high grade open pit
potential. Historic
intersections include:
• 34.3m @ 26.2 g/t Au
• 21m @ 62.2 g/t Au
• Initial Drilling currently
underway
• JORC Resource in
December quarter 2012
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
10 10
MUNGANA PROJECT (100% MUX)
• Red Dome Open Pit
produced 1Moz Au, 4.3Moz
Ag, 35kt Cu from 1985 -1997
• Resource of 2.7Moz Au,
273kt Cu, 34Moz Ag
• Red Dome and Mungana -
3km apart
• Both on Granted Mining
Leases
MUNGANA GOLD PROJECT
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
11 11
BFS STAGE 1 HIGHLIGHTS
• Production of approximately
100,000oz of gold, 10,000t of
copper and 1.5Moz of silver per
annum achievable
• Mine life of at least 10 years
• Cash costs of A$883/oz.*
• Throughput rates of 4mt per annum
• Total Production, ~1moz Au, 100kt
Cu, 15moz Ag
MUNGANA GOLD PROJECT
* Cash Costs are Net of by-product (copper and silver) credits Metal Price assumptions; Copper US$8500/t and Silver Price of US$35/oz. Exchange Rate assumptions; A$1.00/$US .
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
12 12
EXPLORATION – TUNKILLIA
• Potential for
additional resources
within trucking
distance of proposed
plant
• Well defined
structural and
geochemical targets
ready for drilling
• A$4M budgeted this
FY
TUNKILLIA GOLD PROJECT
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
13 13
EXPLORATION - TARCOOLA
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
14 14
EXPLORATION
NEW SOUTH WALES
• Key position targeting under-
explored extensions to Australia’s
major porphyry cooper-gold province.
• Targets located at similar structural
and stratigraphic position to known
mineral centres, under cover.
• Seeking JV Partner
MUNGANA GOLD PROJECT
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
15 15
STRONG IN-HOUSE EXPERTISE
Project Development
Pat Scott – Managing Director
• Built and operated multiple gold
mines
– Bounty Gold Mine
– Tanami Gold Mine
– Beaconsfield Gold Mine
Tom Cooney – GM Project Development
• Senior roles at major companies
including; KCGM, MIM, Thiess
In-house expertise in areas of
Engineering, Geology and Metallurgy
DELIVERY
Exploration
Adrian McArthur – GM Exploration
• Senior roles at major companies
including; WMC, St Barbara, Lion Ore
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
16
THANK YOU
APPENDICES TO FOLLOW
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
17 17
RESOURCE INVENTORY
APPENDICES
Table 1 – Mungana Goldmines Ltd Resource (100% Mungana Gold Project And 55% Tunkillia Gold Project)
Category M Tonnes Gold g/t Silver g/t Copper % Gold kozs Silver kozs Copper kT
Measured 42.3 0.82 11.3 0.29 1,115 15,410 121
Indicated 53.4 0.65 7.0 0.17 1,120 11,133 91
Inferred 43.9 0.65 5.9 0.14 917 8,332 62
Total 139.6 0.70 8.0 0.20 3,151 34,875 273
Table 2 – Mungana Gold Project Resource (100%)
Category M Tonnes Gold g/t Silver g/t Copper % Gold Kozs Silver kozs Copper kT
Measured 41.0 0.79 11.61 0.30 1,041 15,300 121
Indicated 49.8 0.58 7.01 0.18 923 10,691 91
Inferred 40.2 0.58 5.95 0.15 746 7,972 62
Total 131.0 0.64 8.04 0.21 2,709 33,963 273
Table 3 - Tunkillia Gold Project Resource (100%)
Category M Tonnes Gold g/t Silver g/t Gold Kozs Silver kozs
Measured 2.3 1.8 7.4 134 200
Indicated 6.5 1.7 5.5 359 803
Inferred 6.7 1.4 5.2 310 655
TOTAL 15.6 1.6 5.5 803 1,658
CLICK TO EDIT MASTER TITLE STYLE
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
18 18
FACT SHEET
APPENDICES
Board Members
Joe Treacy Chairman
Pat Scott Managing Director and CEO
Mark McConnell Executive Director
Ross Hutton Non-Executive Director
John Fitzgerald Non-Executive Director
Bruce Rathie Non-Executive Director
Justin Jian Yi Wu Non-Executive Director
Jeremy Robinson Company Secretary
Registered & Principal Office
Mungana Goldmines Ltd
Level 12, 500 Queen St
Brisbane, QLD, 4000
Australia
Telephone: +61 7 3835 0800
Facsimile: +61 7 3832 5045
Email: [email protected]
Website www.munganagoldmines.com.au
Stock Exchange Listings
Australian Stock Exchange MUX
Senior Management
Pat Scott Managing Director and CEO
Tom Cooney GM Projects
Adrian McArthur GM Exploration
Ben-Louis Ludik CFO
Jeremy Robinson GM Business Development
Auditors
Ernst & Young
Lawyers
Hopgood Ganim
Share Registry
Link Market Services