Intermin Resources Ltd
Intermin Resources Ltd
GOLD EXPLORATION AND DEVELOPMENT IN THE WA GOLDFIELDS
J U LY 2 0 1 6
www.intermin.com.au
[email protected] Tel +61 8 9386 9534 ASX Code: IRC, IRCO
Disclaimer and Forward Looking Statement
This Presentation is provided on the basis that neither the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers, make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in this Presentation and nothing contained in the Presentation is, or may be relied upon, as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law.
The Presentation contains prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. Please also see Competent Persons Statement on slide 18 and Cautionary and Forward Looking Statement on Slide 19
All persons should consider seeking appropriate professional advice in reviewing the Presentation and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the Presentation nor any information contained in the Presentation or subsequently communicated to any person in connection with the Presentation is, or should be taken as, constituting the giving of investment advice to any person.
The information in this presentation that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr David O'Farrell, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr O'Farrell is a consultant to Intermin Resources Ltd. Mr O'Farrell has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr O'Farrell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Intermin Resources Ltd advises that resource parameters for the Teal, Menzies and Goongarrie Projects provided in this report are based on information compiled by Mr Simon Coxhell of CoxsRocks and for the Nanadie Well Project the information was compiled by Mr David O'Farrell, Mr Geoff Browne and Mr Simon Coxhell. All are Members of the Australasian Institute of Mining and Metallurgy, Mr O'Farrell, Mr Browne and Mr Coxhell are consultants to Intermin Resources Ltd. This information was prepared under the JORC Code 2012 for the Teal, Menzies and Goongarrie Projects. For the Nanadie Well Project the information was prepared and first disclosed under the JORC Code 2004 and has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Mr O'Farrell, Mr Browne and Mr Coxhell have sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves'. Mr O'Farrell, Mr Browne and Mr Coxhell consent to the inclusion in this report of the matters based on their information in the form and context in which they appear.
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Why Intermin
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New team focused on consolidation, growth and development in the WA goldfields
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Expanding JORC Resources - 3.51Mt at 2.36g/t Au for 266,057oz1
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Teal gold project development ready, 16koz at 3.2g/t and AIC of A$953/oz2
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Decision to mine this Quarter with the project generating cash flow in FY172
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Potential to develop continuous long term production pipeline2
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Accelerated exploration drilling underway with high priority walk up targets identified
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Acquiring value accretive projects along major shear zones
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$2m cash, $3m in liquid investments and potential to monetise non-core assets
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Early stage value proposition with low EV, tight capital structure and near term cash flow
1 As announced on the ASX on 24 May 2016, see also Table 2 and notes on slide 18
2 As announced on the ASX on 6 July 2016, see also Table 2 and notes on slide 18 and forward looking statements on slide 2 and 19
… Intermin well structured and positioned for growth 3
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Managing Director
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Jon Price
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Non-Executive Director
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Peter Bilbe
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Exploration Manager
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David O'Farrell
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Mining Manager
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Grant Haywood
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Corporate overview
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Overview
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M
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Ordinary shares on issue
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161.4
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Listed Options (7.5c, 30 June 2017 )
Unlisted Options
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19.5
6.8
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Share price
(12 month range 4.5c - 14.5c)
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13c
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Market capitalisation
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A$21
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Current cash position
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A$2
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Investments - ASX listed entities
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A$3
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Debt
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Nil
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Top twenty shareholding
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+70%
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Directors
associates shareholdings
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+45%
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Exec Director - BD
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Lorry Hughes
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Board and management team +100yrs collective experience in WA Goldfields
… tight capital structure, well funded and low burn rate 4