investor presentation. 2 cautionary statement this presentation contains “forward-looking...
TRANSCRIPT
2
Cautionary Statement
This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performances of New Dawn, the Material Mineral Properties, the future supply, demand, inventory, production and price of gold and other precious minerals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, development costs for the Material Mineral Properties, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation and rehabilitation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of litigation and regulatory matters. Often, but not always, forward-looking information statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “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. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of New Dawn to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, those factors discussed in the section entitled “Risk Factors” in this prospectus. Although New Dawn has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this prospectus based on the opinions and estimates of management, and New Dawn disclaims any obligation to update any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, except as required by applicable securities legislation. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, potential investors should not place undue reliance on forward-looking statements. Scientific and technical information contained herein has been reviewed by Mr. Ian R. Saunders, President and Chief Executive Officer New Dawn Mining Corp.
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The Opportunity
An investment in New Dawn is an investment that is highly leveraged to the Economic,
Political and Social recovery of Zimbabwe.
New Dawn presents a TSX listed “African Gold Investment” vehicle that has management, good assets, history, growth prospects and
cash to survive the current market.
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Contents
• Section 1 - Investment Highlights
• Section 2 - Projects
• Zimbabwe Portfolio
• South African Project
• Section 3 - Conclusions
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Investment Highlights
Management team with significant industry experience
Section 1 — Investment Highlights
Attractive portfolio of gold assets
History of production
Highly prospective and extensive land positionGrowth Profile
Industry Expertise
Quality Assets
Production
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Investment Highlights
IPO Date - June 13, 2008
IPO Listing - TSX, symbol: ND
Shares Outstanding - 29.0 million
Cash on hand - US$ 4.3m*
Section 1 — Investment Highlights
* As at 15-Nov-2008
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Board and Executive
ExecutiveRobert WeingartenNon-Executive Chairman
Section 1 — Investment Highlights
Divo MilanIndependent Director
Jon NorthIndependent Director
Phillip MacDonnellIndependent Director
Ian SaundersDirector
Graham ClowChief Financial Officer
Ian SaundersPresident and Chief
Executive Officer
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New Dawn Growth Goals
Be in a position to produce at least 100,000 ounces of gold annually from a
resource base of at least five million ounces of gold within five years.
The Company intends to work toward this goal through increased gold production from Zimbabwe and through the acquisition of other gold projects in the southern African region and possibly elsewhere.
Section 1 — Investment Highlights
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Growth
Internal/Organic growth• Move existing assets up the value curve• Apply capital expenditures to maximize returns
External growth• Diversify risk geographically• Appeal to a broad base of investors• Leverage skills of management & other employees
Section 1 — Investment Highlights
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Projects
Consolidated Bembezi Gold Fields Turk Mine Angelus Mine EPO 321Consolidated Bubi Gold Fields Joint Venture3 Midlands Gold Fields Two Options4 Shurugwi Gold Fields Four OptionsShweizer-Reneke Blue Dot Mine
Section 1 — Investment Highlights
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Reserves and Resources
Section 1 — Investment Highlights
as at June 30, 2007 as at June 30, 2008
Mineral Reserves Tonnes (000)Grade(g/t)
Gold(Ounces)
Tonnes (000)
Grade(g/t)
Gold(Ounces)
Proved 438,000 4.22 60,500 478,000 4.21 65,500
Probable
1,100,000 2.66 87,800 1,219,000 2.83 104,400
Mineral Reserves Total 1,538,000 148,300 1,697,000 169,900
Mineral Resources - Indicated
4,615,000 4.74
652,800 5,561,000 4.23 689,300
Sub Total
6,153,000
801,100
7,258,000
859,100
Mineral Resources - Inferred
2,524,000 4.22
354,700 2,555,000 4.21 364,300
12Section 1 — Investment Highlights
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Ou
nce
s o
f G
old
2006 2007 2008
Inferred
Indicated
Probable
Proved
Resource Growth
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Contents
• Section 1 - Investment Highlights
• Section 2 - Projects
• Zimbabwe Portfolio
• South African Portfolio
• Section 3 - Conclusion
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Zimbabwe : Turk & Angelus
Turk Mine has an 80 year operating history
• 14,755 oz produced in 2005• 13,341 oz produced in 2006• 13,784 oz produced in 2007
Section 2 — Projects
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Zimbabwe : Turk & Angelus
NI 43-101 Report with over 1,000,000 ounces of reserves and resources.
SRK states:" it is not unreasonable to expect that SRK states:" it is not unreasonable to expect that between 1.5 and 2 million ounces … will eventually be between 1.5 and 2 million ounces … will eventually be mined at Turk excluding the current total Resource and mined at Turk excluding the current total Resource and Reserve inventory”Reserve inventory”
Section 2 — Projects
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Zimbabwe : Turk & Angelus
The longitudinal section depicts both the Turk and Angelus shoots that have been mined.
Section 2 — Projects
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Contents
• Section 1 - Investment Highlights
• Section 2 - Projects
• Zimbabwe Portfolio
• South African Project
• Section 3 - Conclusion
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South Africa : Blue Dot
Section 2 — Projects
28km south-west of Schweizer-Reneke
Extensive work completed to date
NI 43-101 Compliant Report
Fully BEE compliant investment
Processing Plant being Wet Commissioned
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Contents
• Section 1 - Investment Highlights
• Section 2 - Projects
• Zimbabwe Portfolio
• South African Portfolio
• Section 3 - Conclusions
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Why Africa
• Africa has 30% of the World’s reserves of Africa has 30% of the World’s reserves of mineralsminerals
• Gold Production in Africa is the highest of any Gold Production in Africa is the highest of any continent. South Africa’s 227 tonnes is 11.3% of continent. South Africa’s 227 tonnes is 11.3% of global productionglobal production
• The best opportunities are where perceived risk The best opportunities are where perceived risk is higher then reality, Africa is very undervaluedis higher then reality, Africa is very undervalued
Section 3 — Conclusion
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Why New Dawn Mining
Section 3 — Conclusion
•Experienced management team•High quality – proven assets•Historically Low cost Producer in Zimbabwe
•Near-term production from Blue Dot•Various Projects in pipeline to ensure sustained growth
With an experienced team and money in the bank, New Dawn is poised to capitalise on the current
opportunities in southern Africa.
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Why New Dawn Mining
Undervalued compared to peers
Section 3 — Conclusion
*Enterprise Value = Market Cap. + Debt + Preferred Shares + Minority Interest + Deferred Tax - Cash
Enterprise Value $ per Ounce of Mineral Inventory
$3.4
$44
$16
$59
$114
$13 $17
$-
$20
$40
$60
$80
$100
$120
Wesdome (15-Nov-2008)
Claude Resources (15-Nov-2008)
High River Gold (15-Nov-2008)
Richmont Mines (15-Nov-2008)
Central Sun (15-Nov-2008)
Caledonia Mining (15-Nov-2008)
New Dawn Mining (18-Nov-2008)
Can
adia
n$