A NEW SEARCH SPACE IN AUSTRALIA’S PREMIER GOLD PROVINCE Tom Sanders, Australian Resources ASX Code: BRB Conference, Zurich, 22 February 2013 www.breakerresources.com.au
Ca utiona ry Sta te me nt DISCL AIME R T his pre se nta tio n ha s b e e n pre pa re d b y Bre a ke r Re so urc e s NL (“Co mpa ny”) in c o nne c tio n with pro viding g e ne ra l a nd b a c kg ro und info rma tio n o n the Co mpa ny. T his pre se nta tio n sho uld no t b e re lie d upo n a s a re pre se nta tio n o f a ny ma tte r tha t a n a dviso r o r po te ntia l inve sto r sho uld c o nsid e r in e va lua ting the Co mpa ny. T he Co mpa ny a nd its re la te d b o die s c o rpo ra te o r a ny o f its d ire c to rs, a g e nts, o ffic e rs o r e mplo ye e s do no t ma ke a ny re pre se nta tio ns o r wa rra nty, e xpre ss o r implie d, a s to o r e ndo rse me nt o f the Co mpa ny, the a c c ura c y o r c o mple te ne ss o f a ny info rma tio n, sta te me nts o r re pre se nta tio ns c o nta ine d in this pre se nta tio n, a nd the y d o no t a c c e pt a ny lia b ility wha tso e ve r (inc luding in ne g lig e nc e ) fo r a ny info rma tio n, re pre se nta tio n o r sta te me nt ma de in o r o mitte d fro m this pre se nta tio n. T his do c ume nt ma y c o nta in c e rta in fo rwa rd-lo o king sta te me nts whic h invo lve kno wn a nd unkno wn risks, d e la ys a nd unc e rta intie s no t unde r the Co mpa ny’ s c o ntro l whic h ma y c a use a c tua l re sults, pe rfo rma nc e o r a c hie ve me nts o f the Co mpa ny to b e ma te ria lly diffe re nt fro m the re sults, pe rfo rma nc e o r e xpe c ta tio ns implie d b y the se fo rwa rd lo o king sta te me nts. T he Co mpa ny ma ke s no re pre se nta tio n o r wa rra nty, e xpre ss o r implie d, a s to o r e ndo rse me nt o f the a c c ura c y o r c o mple te ne ss o f a ny info rma tio n, sta te me nts o r re pre se nta tio ns c o nta ine d in this pre se nta tio n with re spe c t to the Co mpa ny. Any disc ussio n in re la tio n to E xplo ra tio n T a rg e ts, implie d o r sta te d, is o nly c o nc e ptua l in na ture . I nve sto rs a re a dvise d tha t b y the ir na ture a s visua l a ids, pre se nta tio ns pro vide info rma tio n in a summa ry fo rm. I nve sto rs a re urg e d to re a d suppo rting info rma tio n in full in ASX re le a se s. T his pre se nta tio n do e s no t c o nstitute a n o ffe r o f se c uritie s in the Co mpa ny no r sho uld this pre se nta tio n b e re lie d upo n b y a ny a dviso r o r po te ntia l inve sto r in ma king a n inve stme nt de c isio n in the Co mpa ny. COMPE T E NTPE RSONS ST AT E ME NT T he g e o lo g ic a l info rma tio n in this re po rt tha t re la te s to E xplo ra tio n Re sults is b a se d o n info rma tio n re vie we d b y Mr T o m Disc la ime r Sa nde rs who is a me mb e r o f the Austra la sia n I nstitute o f Mining a nd Me ta llurg y. Mr Sa nde rs is a n E xe c utive o f Bre a ke r Re so urc e s NL a nd ha s b e e n e ng a g e d o n a n 80% o f full time b a sis. Mr Sa nde rs ha s suffic ie nt e xpe rie nc e whic h is re le va nt to the style o f mine ra lisa tio n a nd type o f de po sit und e r c o nsid e ra tio n to q ua lify a s a Co mpe te nt Pe rso n a s de fine d in the 2004 E ditio n o f the “Austra la sia n Co de fo r the Re po rting o f E xplo ra tio n Re sults, Mine ra l Re so urc e s a nd Ore Re se rve s”. Mr Sa nde rs c o nse nts to the inc lusio n in the re po rt o f the ma tte rs b a se d o n this info rma tio n in the fo rm a nd c o nte xt in whic h it a ppe a rs . 2
Our Busine ss E sta b lishe d to c a pita lise o n tra nsfo rma tio na l c ha ng e s a ffe c ting g o ld e xplo ra tio n in We ste rn Austra lia ’ s E a ste rn Go ldfie lds Supe rte rra ne (E GST ) whic h a c c o unts fo r 75% o f Austra lia ’ s g o ld Bre a ke r is no w la rg e st te ne me nt ho lde r in the E GST a fte r “e a rly mo ve r” pe g g ing o f ke y struc ture s in No v 2010 (e ig ht 100%-o wne d pro je c ts, 5,500km 2 ) Duke ton Attila 10Moz 1Moz E xplora tion suc c e ss 4 months ASX listing - a 32km g o ld tre nd o n virg in g ro und 80km NW o f T ro pic a na (20,000m drill pro g ra m in pro g re ss) T ropic a na - po sitive re sults o n a ll o the r sa mple d pro je c ts 7.9Moz L a ying the fo unda tio ns fo r a la rg e g o ld b usine ss Busine ss stra te g y Gro wth thro ug h disc o ve ry using c o st-e ffe c tive , Known Gold De posits mo de rn so il sa mpling to o ls in une xplo re d pa rts o f E a ste rn Goldfie lds Supe rte rra ne (E GST ) a hig h-e ndo wme nt g o ld pro vinc e 3
Corpora te Ove rvie w Ca pita l Struc ture F Ma rke t c a p ($0.34): $18.7 million ully pa id sha re s: 55.1 millio n Ca sh: $4.4 million (31 De c e mbe r 2012) L iste d o ptio ns: 21.2 millio n E nte rprise va lue : $14.3 million Unliste d o ptio ns: 8.2 millio n T o p 20 inve sto rs: 88.5% Sha re re g iste r domina te d by la rg e funds ASX Code : BRB (unusua l for a g re e nfie lds e xplore r) Introduc tion De xte r Announc e me nt 4
Boa rd & Se nior Ma na g e me nt E xpe rie nc e d mining industry profe ssiona ls foc use d on sha re holde r va lue Sa nde rs E xe c utive Cha irma n om • Ge o lo g ist with 35 ye a rs e xpe rie nc e in e xplo ra tio n, mining a nd c o rpo ra te ma na g e me nt T • E xte nsive e xpo sure to E a ste rn Go ldfie lds re g io n; pre vio usly b uilt a 2Mo z g o ld inve nto ry Non- E xe c utive Dire c tor Mike Kitne y • Pro c e ss e ng ine e r with 38 ye a rs e xpe rie nc e in the mining industry • Curre nt Chie f Ope ra ting Offic e r a t K a sb a h Re so urc e s dwa rds Non- E xe c utive Dire c tor Ma rk • L a wye r with 27 ye a rs e xpe rie nc e in re so urc e s a nd c o rpo ra te la w • E xpe rie nc e in ASX listing s, jo int ve nture s, pro je c t a g re e me nts a nd pro je c t fina nc ing E Ala sta ir Ba rke r E xplora tion Ma na g e r Introduc tion • Ge o lo g ist with +20 ye a rs e xpe rie nc e in e xplo ra tio n a nd mining Mic he lle Simson Ma na g e r Corpora te Affa irs/ Company Se c re ta ry • 18 ye a rs a dministra tio n e xpe rie nc e (c o rpo ra te , mining a nd e xplo ra tio n) 5
Proje c t Ove rvie w Pro je c ts situa te d o n ma jo r c rusta l fa ults whe re g o ld is mo st a b unda nt b a se d o n spa tia l a na lysis/ re c e nt re se a rc h -g o o d ro a ds, e xpa nding infra struc ture Mino r histo ric a l e xplo ra tio n Duke ton (~5% so il c o ve ra g e , no fo llo w-up drilling ) 10Moz E a ste rn ha lf o f E GST la rg e ly une xplo re d Attila o utside re c e nt disc o ve ry a re a s – a ne w 1Moz se a rc h spa c e a nd a c tive disc o ve ry zo ne Positive r e sults on all pr oje c ts sample d in the 10 months sinc e ASX listing Bre a ke r’s Proje c ts Ya ma rna She a r T ropic a na De xte r Proje c t (32km g o ld tre nd) 7.9Moz 20,000m a irc o re drilling in pro g re ss Mt Gill Proje c t (multi-km a no ma lie s) Kurra jong South Duke ton North (17 so il a no ma lie s) E a ste rn Goldfie lds Supe rte rra ne (E GST ) 6
Why a Ne w Se a rc h Spa c e ? Ke y De ve lopme nts in E GST tha t Dire c tly Affe c t F inding Gold 10 Ye a rs of Inte nsive Re se a rc h (Ge osc ie nc e Austra lia 2001- 2008 ) - struc tura l a nd me ta mo rphic histo ry re writte n - ne w unde rsta nding o f ma ntle c o nne c tio n/ do me s/ la rg e fa ults Ne w da ta (Ge olog ic a l Surve y of We ste rn Austra lia 2005 - 2009 ) - a e ro ma g ne tic , g ra vity a nd se ismic surve ys - g e o lo g ic a l ma pping (Burtvile a nd Ya ma rna T e rra ne s) - g e o c hro no lo g y - ne w Ya ma rna T e rra ne - da ting o f thre e ma in g o ld e ve nts fo r the first time ! Disc ove ry Mo o la rt We ll ( 2002 ), T ro pic a na ( 2005 ) Ce ntra l Bo re a nd Ga rde n We ll ( 2009 ) Pe rspe c tive T e c hnolog ic a l De ve lopme nts - to o ls fo r e xplo ring tra nspo rte d c o ve r (e g re lia b le , lo w de te c tio n, multi-e le me nt a na lytic a l te c hniq ue s) 7
Advantage of “E ar ly Mover ” in a New Sear ch Space? … the opportunity to the 10% of g old de posits c onta ining two- thirds of the provinc e - sc a le g old Pe rspe c tive 8
Me thod for F inding L a rg e Gold De posits Mode rn soil g e oc he m to sc re e n ke y struc ture s ove r la rg e une xplore d a re a s for big de posit sig na ture s Pha se 1 a ug e r so il sa mpling (1,600m x 400m) Pha se I I infill a ug e r so il sa mpling o n de fine d a no ma lie s (400m x 100m) Airc ore drilling to “sc o pe ” the so il a no ma lie s - te st the b e dro c k - te st fo r e nric hme nts in supe rg e ne ha lo e s RC/ dia mond drilling Bre a ke r’s Proje c ts - fo r disc o ve ry a nd re so urc e de line a tio n Multi- e le me nt a ug e r soil sa mpling 9
De xte r Proje c t L oc a tion 140km SE o f L a ve rto n 80km NW o f T ro pic a na (7.9Mo z) 75km so uth o f Attila (1Mo z) 1,102km 2 A ve ry large pro je c t 72km E sse ntia lly une xplo re d ~ Zuric h to Ba se l Outsta nding struc tura l se t-up Co ve r 25m to 70m - de e pe r to so uth Bre a ke r’s Proje c ts I nitia l ste p: 1,600m x 400m - Pha se 1 a ug e r so ils De xte r Proje c t Inte rpre te d Ge olog y 10
De xte r Proje c t Bre a ke r’s Proje c ts Up to 0.3 g / t g old a nd 17.4 g / t silve r on surfa c e of de se rt L ike ly so urc e b e lo w tra nspo rte d c o ve r 1-3m sa nd 25m-70m Pe rmia n se dime nt) 11
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