GREATLAND GOLD PLC (AIM:GGP) Presentation 25 th May 2015
DISCLAIMER Some statements contained in this presentation or in documents referred to in it are or may be forward-looking statements. Actual results may differ from those expressed in such statements, depending on a variety of factors. Past performance of Greatland Gold plc or its shares is not a guide to future performance. Any forward-looking information contained in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect, and accordingly, actual results may vary. This presentation does not constitute, or form part of or contain any invitation or offer to any person to underwrite, subscribe for, otherwise acquire, or dispose of any shares in Greatland Gold plc or advise to persons to do so in any jurisdiction, nor shall it, or any part of it, form the basis of or be relied on in any connection with or act as an inducement to enter into any contract or commitment therefore. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation or on its completeness and no liability whatsoever is accepted for any loss howsoever arising from any use of this presentation or its contents otherwise in connection therewith. This presentation has been prepared in compliance with English law and English courts will have exclusive jurisdiction over any disputes arising from or connected with this presentation. www.greatlandgold.com 2
CORPORATE AND CAPITAL STRUCTURE KEY STATISTICS Significant Shareholders – Starvest plc 35,333,333 4.8% Listed on AIM - GGP – July 2006 – Sunvest Corp Ltd 12,000,000 1.6% Number Of Securities in Issue – C Baxter 10,858,666 1.5% – 733,078,692 Nomad Number Of Options In Issue Grant Thornton Corporate Finance – 30,000,000 @ 0.5p Broker Market Cap SI Capital – GBP £1.1mil Bankers – (at a share price of 0.15p) Coutts Public Relations RLM Finsbury www.greatlandgold.com 3
BOARD OF DIRECTORS CALLUM BAXTER – Chief Executive MSc (Geology) MAusIMM MAIG Callum Baxter is a geologist with over twenty years global multi-commodity experience and is a member of the Australian Institute of Geoscientists and the Australasian Institute of Mining and Metallurgy. He has developed considerable experience in the natural resources sector as an exploration geologist consulting to many major and minor mining companies and banking firms. Callum is founding director and CEO of Greatland Gold PLC. ANDREW BELL – Non-executive Chairman MA LLB In the late 1970s Andrew Bell was a natural resources analyst at Morgan Grenfell & Co. His business experience encompasses periods in fund management and advisory work at financial institutions including Grieveson Grant & Co and Phillips & Drew, corporate finance in Hong Kong, and private equity. Andrew Bell is currently Chairman of Regency Mines plc and Red Rock Resources plc, companies trading on AIM. JOHN WATKINS – Non-executive Director FCA John Watkins is a chartered accountant and a former partner of Ernst & Young and Neville Russell. He has experience as a public company director, and is finance director of Starvest plc, a substantial shareholder of the Company. Of his directorships, Starvest plc, Regency Mines plc and Red Rock Resources plc are listed on AIM. www.greatlandgold.com 4
COMMODITIES - GOLD and NICKEL Gold price at around US$1,200 per ounce Supply and demand –Supply fallen consistently for the past five years –Currency replacement demand Nickel price has stabilised since start of 2015 Demand driven pricing –Stainless steel production –Demand increase www.greatlandgold.com 5
PROJECT OVERVIEW Greatland Gold currently has 4 gold CORE ASSETS and nickel projects in Australia : Ernest Giles Project (gold and nickel), Central Western Australia [100% owned] – Highly encouraging results from work to date. Bromus (gold and nickel), Western Australia [100% owned] – Gold mineralisation identified and large nickel target. Firetower Project (gold), Northern Tasmania (Farm In agreement with Unity Mining) – Unity Mining earning interest with expenditure of A$7m. Warrentinna Project (gold), North Eastern Tasmania [100% owned] – Encouraging drilling results to date. www.greatlandgold.com 6
ERNEST GILES GOLD PROJECT Located 250 km NE of Laverton in the Yilgarn. Ernest Giles is a large unexplored area spanning 948km² Major mines in the region include: • Laverton +25mil oz – Tropicana +5mil oz – Yamarna +1mil oz – Gold mineralisation identified • Over 100km of gold prospective stratigraphy • The Board of Greatland believes that Ernest Giles • could deliver significant shareholder value with the discovery of large +5 mil oz gold camps www.greatlandgold.com 7
ERNEST GILES GOLD PROJECT Detailed Airborne Geophysics Acquired and Targeting Completed. • Drilling by Greatland revealed large alteration systems and gold mineralisation +1g/t gold. • Very high surface sampling results. New targets identified. Interpretation of aeromagnetics has outlined • numerous gold prospective targets. Results so far are very encouraging considering • the unexplored nature of the property. • Further drilling to be commence Q2 2015. www.greatlandgold.com 8
CARNEGIE NICKEL TARGET Ernest Giles Nickel Target : Carnegie Detailed Airborne Geophysics Acquired, Targeting and Sampling Completed Potential magmatic nickel-sulphide deposit • Target resembles geophysical signature and size of • Sirius‘ Nova deposit • Drilling scheduled for Q2 2015. Sirius Nova Depoit to same scale 10.2Mt at 2.4% Ni, 1.0% Cu & 0.08% Co for 242,000 tonnes Ni, 100,000 tonnes Cu & 7,700 tonnes Co based on a 0.6% nickel equivalent cut-off. www.greatlandgold.com 9
BROMUS NICKEL PROJECT Large nickel target identified Recently released government aeromagnetics outlined a 4.5km • long ultramafic unit. • Historical records confirm consistently high nickel levels at surface. No previous exploration work to date for nickel. • A ground total-field, fixed-loop SAM EM survey was • conducted. • 78.9 line km of coverage over 49 survey lines using three large transmitter loops . www.greatlandgold.com 10
BROMUS NICKEL PROJECT Nickel-sulphide targets identified Several conductors detected and modelling for nickel- • sulphides completed. • Targeting based on conductance, size, orientation and depth. • Four highly prospective drill targets selected for next stage of exploration. Targets range from 100m to 400m strike length & 60m to • 180m width/depth extent. www.greatlandgold.com 11
FIRETOWER GOLD PROJECT The Firetower Project is managed by Unity Mining under the terms of a farm in agreement signed in October 2011. a) Unity Mining earning 51% with expenditure of A$2mil over 42mths, and 75% expending $7mil over 5.5 years. Currently at approx A$1.85mil level. b) Unity Mining own and operated the Henty gold mine and bring to the Firetower project extensive local expertise. c) Ground geophysics completed on copper/gold target and core drilling recently completed with copper mineralisation confirmed. d) Currently in discussions with Unity RE proposed exploration activities for Q3 and Q4 2015. www.greatlandgold.com 12
WARRENTINNA GOLD PROJECT Project area covers 20km of strike prospective for gold . Host rocks equivalent to the goldfields in • Victoria, south-eastern Australia (+50mil oz gold). Derby North - RC drill programme returned • 1m at 103g/t gold and 5m @ 29.2 g/t gold. • Mineralisation is from surface. Many other prospect to be fully evaluated. • Potential for open pittable gold resources. • • Further RC drilling required at Derby North and other prospects. www.greatlandgold.com 13
CONCLUSION The remainder of 2015 will see continued progress at the Company’s projects . • Ernest Giles – Targets outlined. Drilling Q2 2015 • Bromus – Targets defined. Drilling Q3 2015. • Firetower – Unity to complete additional field programmes. Warrentinna – RC drilling required at Derby North • prospect. Activities funded with current cash at hand and via JV • arrangements. • Looking at other opportunities to realise value from the current portfolio of projects. www.greatlandgold.com 14
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