Delivering today Developing for tomorrow Discovering for the future
Diggers and Dealers August 2016
www.silverlakeresources.com.au
ASX: SLR
ABN: 38 108 779 782
Slide 1
Important notices
Disclaimer - Silver Lake Resources Limited ("Silver Lake" or "the Company") has prepared this presentation based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Silver Lake, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it.
This presentation contains general and background information about Silver Lake's activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise all the information that an investor should consider when making an investment decision. The information is provided in summary form, has not been independently verified, and should not be considered to be comprehensive or complete. It should be read in conjunction with all other documents provided by Silver Lake. Silver Lake is not responsible for providing updated information and assumes no responsibility to do so.
All dollar terms expressed in this presentation are in Australian dollars unless otherwise stated.
No offer - This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis of any contract or commitment whatsoever.
Forward looking statements - This presentation may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Silver Lake. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.
No investment advice - This presentation is not financial product, investment advice or a recommendation to acquire Silver Lake securities and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. Silver Lake is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of Silver Lake securities. Silver Lake assumes that the recipient is capable of making its own independent assessment, without reliance on this document, of the information and any potential investment and will conduct its own investigation.
The information in this Presentation remains subject to change without notice.
Slide 2
Mount Monger - a focussed operating strategy
Delivering today Developing for tomorrow Discovering for the future
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Focus on the Mount Monger Gold Camp
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Visible operating strategy
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Operations run to maximise free cash flow
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Relentless drive to reduce
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Balance sheet strengthened:
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Extracting value from non-core assets
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Board and management renewal
costs
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Building a higher quality project pipeline
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Introducing new, lower cost ore sources with targeted AISC
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Imperial/Majestic project approved
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Maxwells Underground Mine approved
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From geological concept to new mine development in less than 18 months
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Low capex, high margin, long life underground mine
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Resource of 307koz with significant upside
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Rapid production opportunities
≈A$7 million FY17
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Self-funded exploration delivering results:
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Sustaining current mines through additions and extensions to known mineralised systems
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Target ranking based on the prize, probability and priority
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Northwest structural corridor
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Multiple Daisy-style targets
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Significant high grade intersections
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High value targets, longer discovery and development timeframes
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Mount Belches
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Multiple BIF hosted targets
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Unlocked the structural code
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Rapid discovery and production timeframes
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Slide 3
Silver Lake at a glance
Silver Lake Resources
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ASX: SLR
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Share price
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A$0.52
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12 month share price range
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A$0.14 - A$0.52
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Shares on issue
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503.7 million
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Options and performance rights
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7.7 million
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Diluted market capitalisation
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A$262M
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Average daily volume
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3.3 million
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Cash & bullion
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A$42.6M
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Listed investments
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A$4.8M
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Bank debt
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NIL
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Hedging
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76koz at A$1,655/oz
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As at 30 June 2016
Board of Directors
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David Quinlivan
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Chairman
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Luke Tonkin
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Managing Director
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Les Davis
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NED
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Kelvin Flynn
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NED
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Brian Kennedy
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NED
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Slide 4