For personal use only Resources Limited 2007 AGM
OUTLINE For personal use only • Our Business Model • Management • Projects • Capital Structure • The Next 5 Years
JINDALEE RESOURCES For personal use only • Active junior explorer targeting Au & Ni • Listed on ASX July 2002 (raised $2.65m) • Cash & shares = $68m • 31.9m shares (market cap. ~$43m) • Small & highly motivated team • High leverage exposure to high risk sector
MISSION STATEMENT For personal use only To create wealth for our shareholders through participation in the discovery of world class mineral deposits
DEPOSITS ARE HARDER TO FIND For personal use only
DISCOVERY COSTS ARE INCREASING For personal use only
JINDALEE’S STRATEGY For personal use only 1. Identify & acquire prospective ground 2. Add value through initial exploration 3. Introduce partners to fund higher risk/expensive stages (or IPO) 4. Stay lean & mean (= LEVERAGE!)
MANAGEMENT For personal use only • Ross “Redross” Kennedy (Chairman) . Director of Resolute for 13 years (Marymia, Chalice), CRA, Union Miniere . • Lindsay Dudfield (Managing Director) . Founding Director of Dalrymple Resources (8 years) • Mark Scott (Director) . Investment banker and former broker • Sam Berridge (Exploration Manager) . Experience with Equigold in Australia & Africa • Trish Farr (Office Manager) • Greg Ledger (Company Secretary & Accountant)
PROJECTS For personal use only • NE Goldfields • Murchison • East Kimberleys • Energy Metals • WILD CARD!!
PROJECT LOCATION For personal use only
YILGANGI JV (Au) For personal use only JRL 20% Project Carried (NCM) 400m x 300m >1g/t Au anomaly ( Hobbes prospect) Broad intercepts from RC drilling � 19m @ 0.98 g/ t � 13m @ 1.00 g/t 600m Diamond hole completed Major RC program underway
YILGANGI JV (Au) For personal use only
MURCHISON JV (Au) For personal use only JRL 20% FC to BFS Retain 10m ALY (25% IC) High Risk-Reward Backing ALY Management
BOW RIVER (Ni-Cu) For personal use only 100% JRL 60km N of Sally Malay Previous Intercepts include: � 10m @ 1.1% Ni, 0.5% Cu Lightly drilled, no GEM Drilling planned 2008
Sally Malay Open Cut Sampling Gossans at Bow River BOW RIVER (Ni-Cu) For personal use only
ENERGY METALS – 40% IC (U) For personal use only EME investment is driving JRL share price (but not enough!) Significant Bigrlyi resource upgrade due March 08 Stake is Strategic (U forecast +ve, NT, project has critical mass) Options for EME stake include: � Takeover (premium for control) � Distribute to shareholders � Sell down to fund activities
WILD CARD!! For personal use only • advanced project divested by major? • new 100% Jindalee application? • may already be in our portfolio • new initiatives (GLOBAL)
CAPITAL STRUCTURE For personal use only • 31.94m Shares on issue • 3.15m Options (unlisted) • 1,147 Shareholders (Top 20 hold 60%) 1. Lindsay Dudfield 4.77m 14.93% 2. Kale Capital 3.22m 10.07% 3. Teck Cominco 2.05m 6.42%
MARKET CAPITALISATION (FY) For personal use only 70 60 50 40 30 20 10 0 2003 2004 2005 2006 2007
5 YEAR SHARE For personal use only
GREAT RETURNS SINCE LISTING For personal use only HYPOTHETICAL INVESTOR Ms PATIENCE Took up minimum Investment in Jindalee IPO Took up & exercised Loyalty Options Took up minimum Energy Metals entitlement Took up EME Loyalty Options Total Investment of $5,080 now worth $64,200 Profit of $59,120 (1,164% return)
GET THE UPSIDE FREE! For personal use only Jindalee’s current enterprise value represents a significant discount to the market value of its investments before ascribing any value to its exploration assets. The Hobbes gold discovery highlights this ‘free’ option value for shareholders. The company now has two key value drivers moving forward ( EME holding + Hobbes) both of which will have high levels of news flow during the remainder of 2007. The potential for a strong re-rating of the company’s share price is high despite the current financial market turmoil. Hence, Stock Resource recommends Jindalee Resources as a Buy up to $1.50 for Members without current exposure . Stock Resource – 22 August 2007 (Mining Investment Advisors)
A LOW RISK ENTRY TO A HIGH RISK SECTOR JINDALEE For personal use only
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