Dittmer G r old P roject

Transcription

1 Dittmer Gold Project

2 Dittmer Gold Project - Disclaimer This presentation may contain forward looking statements that are subject to risk factors associated with the resource industry. It is believed that the expectations reflected in these statements are reasonable but they may be affected by variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to these are 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. All references to dollars, cents or $ in this presentation are to Australian currency unless otherwise stated. 2 2

3 Dittmer Gold Project - Summary Acquisition cost for Loch Neigh Gold Pty Ltd - $575,000 Acquisition cost of EPM $25,000 Centius Gold Limited to self fund from existing cash reserves Production in 6 months from oxide ore: recovering free gold from gravity approx. 1 oz/t Au forecast production costs $400 per oz subject to DD confirmation. Future plans to expand the mine to process both oxide and sulphide ore Two MLA (awaiting ministerial approval 4-6 weeks) and EPM14255 Historic grades Gold g/t (3.1 oz/t) Silver g/t (1.37 oz/t) Copper 1.73% Current target estimates of 216,400 tonnes, Located in a developed area with local workforce and infrastructure in place Three developed high grade lodes, Duffer (Dittmer Mine), Loch Neigh, and Lamington Drilling target on the Loch Neigh Lode identified: objective is a JORC compliant resource in 3-6 months 3

4 Dittmer Gold Project - Location Located west of Proserpine with daily flights to Brisbane 4 4

5 Dittmer Gold Project - Historic Production Production figures from 1935 to 1951 are given in the table below: Year Ore Tonnes Gold Kg Grams / Tonne Silver Kg Grams / Tonne Copper Tonnes Grams / Tonne , , , Dittmer Gold Project - Location , , (dumps) , (dumps) , Totals 11, , , The above production figures are from the Mines Department files

6 Dittmer Gold Project The Old Workings Portal to the Dittmer workings, Mine plan of the Dittmer workings currently flooded below level 4

7 Dittmer Gold Project - Section Through The Mine Duffer reef, 17,126 t Approximately 50,000 to 60,000 stope 6 g/t Au (Mines Dept.) Portal at level 4 Flooded below level 4 Mined to level 7 Adit extended to west towards the Loch Neigh reef 7

8 The Loch Neigh Reef and Drilling Proposal Drilling the Loch Neigh Lode will give a JORC indicated reserve within 6 months 8

9 Dittmer Gold Project - Loch Neigh Reef Hematite clearly evident from the brownstone or oxide zone at outcrop Previous (minimal) drilling the Loch Neigh deposit from the top of the hill has not tested the ore body 9

10 Dittmer Gold Project - Lamington Reef 10 The Lamington Lode is located approximately 1.5 km north of the Dittmer Lode, has been partially developed (drive and shaft) and the vendor considers this the priority for immediate development.

11 Dittmer Gold Project - Lamington Reef Typical sulphide copper rich ore exposed in the 118 m drive into the Lamington ore body. The zone is approximately 0.5 m wide. The 118 m drive into the ore body at Lamington. 11

12 Dittmer Gold Project Non JORC Compliant targets Lode Minimum tonnes Minimum gold recoverable 2 oz/t Minimum silver recoverable 1.37 oz/t Minimum copper recoverable 1.73% Duffer (Dittmer) 45,000 t 90,000 oz 76,500 oz 7,785 tonnes Loch Neigh 90,000 t 180,000 oz 12,330 oz 15,570 tonnes Lamington 30,000 t 60,000 oz 0 15,000 tonnes Lamington (oxide) 1,400 t 1,400 oz 0 0 Dittmer stope fill 50,000 t 10,000 oz (6 g/t) 0? TOTALS 216,400 t 341,400 oz 87,830 oz 38,255 tonnes The above calculations are based on the known dimensions of the ore bodies, and historic grades. The tonnes assume a SG of 2.5 for the sulphide ore, and a mining width of 0.5 m. 12